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Ethereum Overcomes SEC Hurdle: Is a Price Recovery on the HorizoEthereum Overcomes SEC Hurdle: Is a Price Recovery on the Horizon The Enforcement division of the SEC has notified of closing their investigation into Ethereum 2.0. Ethereum price surged over 2.03% in Intraday and was exchanging hands close to $3552. The 50 day Exponential moving average seemed to be acting as a dynamic support. Ethereum price gained traction and surged over 2.03% following the announcement of SEC's conclusion of its investigation into Ethereum 2.0. The conclusion of SEC investigation marks a major in for ETH, confirming that sales of ETH are not considered as securities transactions. The investors and community are rejoicing following the announcement by the SEC to close the investigation. The Ethereum price surged over 2.03% and was currently hovering close to $3551. Let's analyze whether ETH may continue to correct more or it might look to secure new heights in the upcoming sessions. Ethereum Secures A Major Victory As SEC Concludes Investigation! Ethereum has achieved a notable triumph as the Enforcement division of the U.S. securities and Exchange commission has announced the conclusion of its probe into Ethereum 2.0, according to a tweet by blockchain company Consensys. ETHEREUM SURVIVES THE SEC.Today we’re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0. This means that the SEC…— Consensys (@Consensys) June 19, 2024 The SEC's resolution indicates that it will not pursue any allegations that ETH sales constitute securities transactions, as clarified by Consensys. Whales Offloading Ethereum From Major Exchange! As per a tweet by spot on chain on X, a significant Ethereum investor known as whale has transferred 16,604 ETH, worth over $58.6 million, out of Binance, averaging a price of $3,600 over the last 19 sessions. This big whale withdrew 16,604 CRYPTOCAP:ETH (~$58.6M) from #Binance at an avg price of $3,600 in the past 19 days!The whale’s last actions were to accumulate 5,603 CRYPTOCAP:ETH ($19.7M) ~ 1hr ago, after the #SEC permanently suspended their investigation into #Ethereum.Follow @spotonchain and… pic.twitter.com/TYeLwLsWns— Spot On Chain (@spotonchain) June 19, 2024 Moreover, This investor's most recent activity involved acquiring an additional 5,603 ETH, totaling around $19.7 million, following the SEC's definitive suspension of its Ethereum inquiry. Can Ethereum Reclaim Highs Again? The daily chart reveals the Ethereum price turning around from the lows after the SEC suspended their investigation. it might be interesting to note whether the ETH price receives a follow through or not. The 50 day EMA has been actively working as a dynamic support and trying to retain the price above it. Now, if the bullish bias follows through in the upcoming sessions and the ETH is above the $3705 mark, it may indicate a bullish reversal in the short term. On the higher side, ETH investors may target a $4089 level flowing the end of a correction phase above the $3700 level. On the flip side, if the bears make a comeback and the price looms below the $3468, it may head for a correction again. Conclusion. Ethereum price surged over 2.03% after the SEC concluded its Ethereum 2.0 investigation, affirming ETH sales aren't securities transactions. This conclusion by SEC has rejoiced the community, developers and investors. Moreover, The daily chart shows Ethereum rebounding post-SEC decision, with potential for further momentum. The 50-day EMA is providing support, suggesting a bullish reversal if prices stay above $3705. furthermore, if the price surpasses the $3700, it could attain targets near $4089. On the other side, a drop below $3468 might signal another correction. Disclaimer The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
COINBASE:ETHUSDLong
by Ritika_TCR
Ethereum Could Retrace $3300 If Looms Below This Interesting ZonEthereum Could Retrace $3300 If Looms Below This Interesting Zone The daily ETH/USD chart highlights the formation of an interesting chart pattern. Ethereum crypto has been under selling pressure for the last couple of weeks A breakdown could add on the losses dragging the price near the $3300 level. The Ethereum price seemed to be retreating from the highs in the last couple of weeks. The bears seemed to be returning back after a short bull run. The broader crypto market also seemed to be cooling down in the last month of the 1st half. However the recent saw the Ethereum price stabilizing near a 50 day Exponential moving average. Also, the daily chart witnessed the formation of an interesting pattern. At the time of writing, the Ethereum price was hovering close to $3507 recording a moderate gain of 0.40%. Furthermore, The analysts assume one more dip before a possible breakout of the correction phase. Also, there has been a significant development in the daily active addresses in the recent sessions. Ethereum Crypto: Daily Active Address On the Rise! Ethereum price saw almost 7% drop in the price this month which may increase if the bearish pressure extends. Despite the price drop, there has been a significant development in the active addresses count in the recent sessions. As per the data obtained by a financial website app.santiment.net, the daily active addresses and 7-day active addresses count have reported a positive growth despite the price drop. The daily active address count has increased from 400.8K in the 1st week of June to 468K. whereas, the 7 day active address count has jumped from 21.8 million to 2.47 Million. The active address count reveals the number of unique addresses which are involved in transactions over a given period of time. An increased count in the active addresses generally indicate a possible price surge. Analysts Anticipate One more Dip in ETH! The daily ETH/USD chart highlights the formation of a symmetrical triangle pattern with the price currently resting near the psychological $3500 level. Any breakdown could further drag the price towards the next major supply of $3300. On the contrary, if the price surpasses the upper trendline resistance of the pattern, it may indicate a breakout of the correction phase. On the higher side breakout, the bulls may look to surpass the upper levels of $3700 and $3800. The technical indicator RSI as well as the 14 day SMA line has dropped below the mean line indicating weakness on the charts. Conclusion. Ethereum price has been declining in the last couple of weeks, however, the number of daily and weekly active addresses has risen, suggesting increased network activity which could hint at a future price increase. Moreover, The ETH/USD chart shows the formation of a symmetrical triangle pattern, with the price near the key $3500 level. A drop below this could lead to a decrease towards $3300, while a rise above could signal an end to the correction phase and a potential increase towards $3700-$3800. The RSI and 14-day SMA indicators suggest current market weakness, as both have fallen below the mean lines.
COINBASE:ETHUSDShort
by Ritika_TCR
Ethereum moving towards $1k#Ethereum Daily Chart Analysis CRYPTOCAP:ETH #BearishWedge pattern starts from june 2022, after previous BullRun's downfall towards #BearishZone market, and now it will be very nearby to finish its final cycle of last Bearish mode within next 35-50 days. As per present scenario. CRYPTOCAP:ETH will be goes towards $1k, while its Last Lower-Low target will be around $950-$850 maximum and $750 - $650 will be the minimum cut-off mark last time into this Bear Market. After this #BullRun completion, it will be major chances, that CRYPTOCAP:BTC & CRYPTOCAP:ETH also start trading under #ETFs fund then Ethereum will be also at new Highest point of #ATH approx. FWB:12K -$15k, it means if CRYPTOCAP:ETH will be reach-out min. $1k then upto FWB:12K -$15k , its easily gives you benefits of 12x-15x. Anyway, those are just predictions as per Technical & Fundamental Analysis as per market Acceptances of two most popular and top-2 #crypto Currencies in #CoinMarketCap. but, always #DYOR before investing into any #Crypto as well Trade wisely by using of #StoppLoss and It's just #NFA. Also, always LIKE, SHARE, FOLLOW & COmment on it...!!
Short
by AskToRahulSirohi
Whales Moving Ethereum Off The Exchanges: A Bullish Wave On The Whales Moving Ethereum Off The Exchanges: A Bullish Wave On The Horizon? The top 100 Wallets on exchanges have slumped to a 2018 low value of 8.41 Million ETH while the top 100 non exchange wallets have jumped to record high of 68.39 Million ETH. Ethereum price made a bounce back after falling below the $3400 level and 50 day EMA. The broader crypto markets including the market leaders Bitcoin and Ethereum, are experiencing a rollercoaster ride in the last couple of weeks. Ethereum price has witnessed a correction from $3900 level and has retraced the $3400 level. However the 50 day EMA seems to be acting as a dynamic support as the price has taken a bounce back. Moreover, there has been a notable shift in the balance of top 100 exchange wallets which has dropped to a multi year low. while, the top 100 non exchange wallets have recorded an all time high holdings. Whales Offloading Ethereum from Exchanges! With the dramatic changes in the broader crypto markets these days, a notable shift in the on-chain metrics was observed. As per the data obtained from a financial website app.santiment.net, the holdings of the top 100 Ethereum wallets have dropped to a 2018 low value of 8.41 Million Ethereum. 🐳 The top 100 Ethereum wallets on exchanges recently fell below its May, 2018 all-time low, now at 8.41M total CRYPTOCAP:ETH . This is a sign of increasing distribution over time.Meanwhile, the top 100 non-exchange wallets tell the opposite story, holding an all-time high 68.39M CRYPTOCAP:ETH . pic.twitter.com/OS0t4ByaNQ— Santiment (@santimentfeed) June 14, 2024 On the contrary, the aggregate holdings of top 100 non exchange wallets have surged to a record high of 68.39 Million ETH. It indicates the shift of Ethereum from exchange wallets to non exchange wallets. Typically, large-scale holders, often referred to as 'whales,' transfer their assets out of exchange wallets into other types of wallets when they do not foresee a significant market sell-off and prefer to retain their holdings for a certain duration. Such movements by whales withdrawing their holdings out of exchange wallets generally have a favorable effect on the market price Is Ethereum Preparing For A Potential Rebound? The Ethereum price has taken a rebound from the 50 day EMA indicating the presence of bulls near it. Whales are moving their holdings to non exchange wallets indicating their intention to hold it for a significant duration. Moreover, The upcoming launch of Ethereum ETF could probably boost the demand which may help the ETH price to rise. The reduced supply on exchanges may further enhance the price. As per the price action analysis, sustained move above the $3700 could mark the end of a correction and the Ethereum price may resume its journey towards the major $4000 level. Conversely, the price might be at the risk of falling towards the $3300 until it is maintained below $3700 level. Conclusion. The broader crypto market including the major players Bitcoin and Ethereum has been highly volatile in the recent sessions. Ethereum price corrected from $3900 to $3400 however got support near the 50 day EMA suggesting bullish sentiment. Data from app.santiment.net shows a significant shift of Ethereum from exchange to non-exchange wallets thus decreasing the supply at the exchanges. This move by whales implies a long-term holding strategy. The potential launch of an Ethereum ETF and reduced exchange supply could further drive up prices. ETH price recovery above $3700 may signal an end to the correction phase and a push towards $4000, while staying below $3700 risks a drop towards the $3300. Disclaimer The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
COINBASE:ETHUSDLong
by Ritika_TCR
Bitcoin Dominance 1D Setup - Bitcoin D is currently trading at 58.26% - Bitcoin D is going to be the biggest indicator to track when Alts will bounce - Bitcoin D has changed its market structure and can soon shift its bias to bearish once we see a weekly close below 56.18% - 90% of altcoins are struggling to make a comeback and stay strong for long as BTC D and Bitcoin is outperforming ETH since quite long - One thing to notice for all Trader/Investors is going to be ETH/BTC pair, ETH/BTC on a weekly TF has already bottomed out and it has recently reacted strong and at the same time TRUMP's inaugural is tomorrow where we can see that Trump has added ETH worth 5Million $ - Ethereum is going to be the biggest indicator clubbed with ETH/BTC USDT D once these start outperforming and USDT D underperforming ETH will print 50-60% and maybe purge a new high and that will lead to an altcoins rally
CRYPTOCAP:BTC.DShort
by VKtradesimbalance
Ethereum Accumulation Setup Ethereum is currently trading at 2522$ - Ethereum can easily mitigate its weekly order block to grab more liquidity - Ethereum post its ETF launch has only crashed and not at all moved higher - From 3600-2500$ ETH has got badly slaughtered - ETH over twitter has also become the most hated coin in the crypto industry - ETH/BTC and ETH works hand in hand so keep tracking that as well before you plan to take any entries in SPOT - 2000-2200$ can be a solid purchase and Spot Accumulation Zone for ETH so watch out - I have drawn 2 paths and both them shows ETH will grab more liquidity from beneath
Short
by VKtradesimbalance
Ethereum looks really bullish wooowHELLO dear Treaders : After a very long time, ETH has reached the declining trend line that you can see in the chart and looks strongly bullish. Since Nov 2021, when the bear market began and the price of bitcoin and others alt-coins started to drop from their all-time high, ETH price has hit this trend line, twice (as you can see in chart). The first time, the price hit the decreasing trend line was at USD 3570, in Apr 2022 and the second time happened today at USD 1700. In my opinion, ETH can reach higher prices after this bear market and in my point of view, there is a great opportunity to buy ETH at USD 1700 in spot (You can consider this buy position for your future trading but do not over leverage your positon!) In daily time frame, ETH can break USD 1700 and start a new bull run. The first ETH strong resistance line is around 2630/2650 and therefor until we reach that price point, do not over leverage your positions and be careful about future trading.
BITSTAMP:ETHUSDLong
by Traderforallseasons
2
Ethereum 1D Technical Analysis & Commentary- Ethereum is currently trading at 2448$ - Ethereum has been moving in a range since August 2024 - Ethereum has also underperformed Bitcoin after its ETF approval that's another thing to notice - Ethereum/BTC has been slaughtered like anything and that's another way to track when ETH will outperform BTC - ETH/BTC is currently in a free fall and I see 2 Major areas where I expect a reversal from : 1st - 0.029 : 2nd - 0.021 - Ethereum's ecosystem and Altcoins will only pump hard the ones related to the ETH ecosystem when we see Ethereum flipping 2800$ and making a weekly close above it post that we might see a strong recovery in Alts like OP, ARB, Matic, and so on. - Meme coins based on the ETH ecosystem are already performing nicely, but if ETH takes over then they will also turn parabolic so watch out PEPE it's a narrative play - Ethereum has started building a base now, the bigger the consolidation the larger the expansion is going to be, mind that - Spot Ethereum accumulation at this price is best from a conservative approach you can easily expect 100% in a quarter if your average price is 2500$
Long
by VKtradesimbalance