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Ethereum (Cryptocurrency)

Bitcoin Dominance Chart ( Altcoins Pump or Dump ? )Bitcoin Dominance Chart Analysis: Market Insights and Predictions Bitcoin dominance, or BTC dominance, is a metric that measures the ratio of Bitcoin's market capitalization to the total market capitalization of all cryptocurrencies. This indicator is used to gauge the strength of Bitcoin relative to the broader crypto market. Currently, Bitcoin dominance stands at 51.30%. Key Takeaways: - Bitcoin dominance is trading at a higher resistance zone, which may lead to a retracement. - A potential test of the 47.50% support level is possible before a leg up. - The relationship between Bitcoin dominance and altcoins: a. Increasing Bitcoin dominance: Altcoins may go down in value. b. Decreasing Bitcoin dominance: Altcoins may experience a pump in value. Support and Resistance Levels: Support levels: 47.50% / 40% Resistance levels: 53% / 70% Analysis: Bitcoin dominance is currently at a higher resistance zone, which could result in a retracement to the support level of 47.50%. This could potentially lead to a short-term pump in altcoins' value, as Bitcoin dominance decreases.
CRYPTOCAP:BTC.DShort
by CryptoPatel
Ethereum Symmetrical Triangle Chart Analysis #Ethereum Symmetrical Triangle Analysis CRYPTOCAP:ETH #ETH is currently forming a symmetrical triangle, presenting a potential breakout or breakdown scenario. A successful breakout above the $2340 level indicates a bullish trend till $3000 Target. But Conversely, a breakdown below the symmetrical triangle support at $2200 suggests a bearish trend And Traders should be prepared for a potential retest of the $1500 level in this scenario. - Avoid Blind Trades: - Trade with confirmed signals. - Utilize technical analysis for precision.
Long
by CryptoPatel
Potential 5% Drop in Ethereum Price Amidst Transition from PoW t Ethereum's price is currently above a crucial support level at $2,147, maintaining a bullish outlook. Bears are gaining strength, as indicated by the Relative Strength Index (RSI) below 50 and red bars on the Awesome Oscillator (AO) moving towards zero. The Moving Average Convergence Divergence (MACD) shows positive histogram bars but had previously crossed below the signal line (orange band). If selling pressure increases, Ethereum might drop 5%, breaking the $2,147 support and testing a bullish barrier from $2,048 to $2,107. A further decline below $2,075 would confirm a continued downtrend, with a worst-case scenario testing support at $1,935, representing a 10% drop from current levels.
Short
by tradewith_ritik
Ethereum (#Ethereum) tests its long-term trendline support When Ethereum (#Ethereum) tests its long-term trendline support, it often sparks a significant upward market movement, known as a bull rally. #Pattern_Recognition: Ethereum (#Ethereum) has shown a recurring pattern where testing its long-term trendline support has resulted in substantial bull rallies. #Historical_Timing: Notably, each of these support tests has historically occurred in the month of January. #Projection_for_2024: If the historical trend continues, there's a possibility of witnessing a similar upward market movement or bull rally in January 2024, following the long-term trendline support test.
Long
by tradewith_ritik
ARB/USDT 30% Potential in Scalp TradeARB/USDT Trade Analysis Bullish Trend Alert! ARB is showing promising signs in the bullish trend, setting the stage for potential gains. If the price manages to hold above the $1.10 level, we could be looking at a lucrative opportunity with a potential profit range of 10-30% within the next few days. Trade Strategy: For the best entry, consider buying near the support level of $1.10. This level serves as a crucial point for potential upward momentum. Key Levels: Support: $1.10 Resistance: $1.50 #Crypto #Arbitrum
Long
by CryptoPatel
DASH/USDT 30% Potential on Scalp SetupDASH/USDT Analysis  NASDAQ:DASH Current Status: Price Above Support Trend Line Hey traders!  DASH/USDT is holding strong above its support trend line, indicating bullish momentum. I'm still holding my position and considering adding more at the support level. Target Range: 10%-30% Time Period: 2-15 Days Stop Loss: Close below Support TL on 4H Candle. Let's ride this trend together. Happy trading! #DASH #TechnicalAnalysis #CryptoPatel #fomc #altcoins CRYPTOCAP:BTC CRYPTOCAP:ETH
Long
by CryptoPatel
Ethereum 1 Hour Chart UpdateEthereum Market Update Current Analysis: Ethereum faced a significant setback, plummeting by 7.5% after breaching the $2335 support level. As we navigate this volatile landscape, it's crucial to monitor key support and resistance zones. Potential Scenarios: - Upward Move: If ETHUSDT maintains support at $2200, there's potential for an upward rally towards $2330. - Downside Risk: Failing to break the $2350 resistance could trigger another downturn, potentially reaching $2050. Critical Levels: Support Levels: $2200/$2090 Resistance Levels: $2350/$2390
Short
by CryptoPatel
ETHereumEth is booming after 2150 will it still be bullish? With the breakout, it is now pushing itself for 2400 Meanwhile, it tested the 2400 and now it's making its way towards the lower support. A smaller time frame showed the trend change but 1hr and 4hr is still bullish so this chance is to be of buy on dip . As it has broken down the 0.23 of fib-retracement. we need another confirmation for bearish which is trendline support. So re-entry would be at 0.5 and 0.6 lvl. The first target would be 2350. once it breaks that level, we are surely moving towards 2400. #eth #bitcoin #trendanalysis
BINANCE:ETHUSD
by SUTHARTRADE
SHIB/USDT 800% Potential in Bull Run ( Bullish Analysis )SHIB/USDT Long-Term Chart Analysis Current Price: $0.00000940 After a -94% correction from the All-time High, SHIB is up 70% from the recent bear market bottom. Chart analysis suggests a potential breakout in the High Time Frame (HTF). Breakout Level: $0.00001050 Long Term Targets: $0.000017 / $0.000027 / $0.000038 / $0.000067 Secondary Entry ( if Market Crash): $0.00000750 Potential Breakout Ahead: SHIB is on the verge of a breakout in the HTF. Waiting for confirmation for a good entry. Long-Term Strategy: Accumulate during dips for significant returns. Targets are considered as resistances in the long term. Future Expectations: Anticipate substantial returns, especially during the MEMES trend. Long-term targets set for potential future growth. Follow me Friends.
Long
by CryptoPatel
1
Bitcoin Bearish Pattern So ready for $31500 ?Bitcoin Analysis Update Current Status: Near Parallel Channel Resistance Bitcoin is currently hovering near the parallel channel resistance, with a range between $40,500 and $41,000. The recent price action resembles a rising wedge, suggesting a potential bearish move if the $41,000 level faces rejection. Anticipated Reversal Scenario: If the price rejects from the $40,500-$41,000 range, we may witness a bearish trend. The initial stop is projected at $37,500, and a second stop at $32,000 could come into play if the channel support at $37,500 is breached. Key Levels to Watch: Support Levels: $37,500 / $32,000 Resistance Level: $41,000 Follow us for Real-time crypto updates. Thank you.
Short
by CryptoPatel