$ETH bottom out ready for ATH now🚀 Ethereum ( CRYPTOCAP:ETH ): Bottom In? ATH Loading! 🚀
Ethereum looks primed for a major move, showing signs of bottoming out and gathering momentum. This could be the launchpad for a run toward a new all-time high!
🔑 Why ETH is Heating Up:
• Strong support holding firm = Confidence for buyers
• Market momentum shifting upward
• Historically, ETH has exploded after similar accumulation phases
If this is the bottom, the next wave could be massive. The question is: Are you ready to ride it? 🌕
Search in ideas for "ETH"
ETHEREUM - $5000 loading! - Super Bullish? Price Overview:
ETH showing signs of a major bull rally! Here’s what’s happening:
1️⃣ Trendline Breakout: ETH has successfully broken out of a major trendline, signaling bullish momentum.
2️⃣ Next Stop: ATH! The next resistance level aligns with its all-time high, making this a crucial milestone.
3️⃣ Altcoin Rally Dependency: For the broader altcoin market to rally, Ethereum must break its ATH first.
✨ The Bitcoin Connection:
Bitcoin dominance plays a pivotal role in the altcoin market? When Bitcoin dominance weakens, it creates room for altcoins—to shine. If ETH breaks its ATH, it could kickstart an exciting altcoin season.
💡My Expectations:
ETH looks poised to reclaim its ATH soon. A breakout here could be the trigger for the next big rally.🚀
Stay tuned for further insights, updates, and trade safely!
If you enjoyed this analysis, leave a comment and help boost the post. Let’s grow together!
⚠️ Disclaimer: This is NOT a buy/sell recommendation. All views are personal and shared for educational purposes only. Do your research before investing.
Thanks & Regards,
Anubrata Ray ⚡
Ethereum Bull Run Analysis & Commentary - Ethereum is currently trading at 3204$ and has breached all recent swing lows
- Structurally Ethereum looks all set to purge way higher in the upcoming weeks
- Ethereum is up 30% this week for all those faithful holders, ethereum has finally started moving impulsively and all the patience was worth it
- Technically, I see ETH reaching 3400-3600$ soon and post that I would like to see how ETH reacts from that zone.
1) Scenario 1 - Lock in partials around 3400-3600 and deploy the same partials when you see ETH dipping back to fill the FVGs around 2800-3000$
2) Scenario 2 - You let you position run and lock in partials around 4000$ and deploy your gains when you see ETH dipping back to 3500$ and second deploy around 3000$
- My bull run conservative target for Ethereum is 8000$ minimum anything above that is a gift
a possibility could propel the price higherOver the June month, last weekend at June 30th Sunday, the ETH market exhibited a bullish trend and gained a 5% jump to the $3,500 resistance level. However, gains failed to sustain as it declined below the $3,435 mark. This dynamic trendline resistance has been in play and a recurring challenge since June 7th, when it failed to reach the $4,000 level.
On July 1st, 2024, Ethereum confirmed this bullish phase was short-lived as the price faced a correction, as it shooked off from the 50-day EMA hurdle. On July 2nd and 3rd followed the decline up to $3333, and at the time of writing, it continues struggling at the support zone at $3250. Where it last traded at $3363.1 with an intraday decline of -1.57% (at press time).
Additionally, the ETF’s breaking has been shared today by the ETF store president, and analysts are optimistic for $4000 mark, from the current price that would be nearly 20% on daily chart.
The ETH technical tools show that the price is facing a hurdle from the 50-day dynamic EMA band and has been trading above the 200-day EMA band. Meanwhile, the MACD line has been below the signal line, and RSI flashed at 41.04, facing the oversold territory.
Overall, indicators are depicting the current price activity, and that would be bearish, after a certain bullish formation, these could flip the indications. But, in this low momentum trading activity in ETH, the long-term indication stays bullish, as it's above 200-day EMA. The indicators show uncertain price action, as of now.
On the upside, if Ethereum continues to break above dynamic trendline resistance and moves past the $3,500 hurdle mark on the daily ETH/USD chart. The major resistance levels could be anticipated near at $3,700 and $3,750, with a potential close above the price level of $3,750.
Thereon, a possibility could propel the price towards the $3,900 and $4,000 resistance levels. Meanwhile, in the future, a decisive break above the level of $4,000 could further increase the Ethereum price towards the $4,250 level and beyond.
Conversely, if Ethereum fails to cross the $3,500 resistance mark, it may enter a further decline in price. Initial support could be near $3250, with key support at $3070. Likewise, a clear move beneath this support could see the price drop towards $2960, with further losses potentially driving it below the $2850 level, as well.
Short Lived Surge for Blast Crypto: A Prelude to Another Price WShort Lived Surge for Blast Crypto: A Prelude to Another Price Wave?
Blast crypto is an Ethereum layer 2 (L2) with native yield for ETH and stablecoins.
Blast crypto gained traction soon after dipping lower and surged an impressive 40% from record lows today.
Blast crypto seemed to be retreating after rising to a record high of $0.029. The bulls. Blast crypto has been volatile since its inception yesterday at price $0.022. The crypto loomed nearly 20% lower yesterday and then surged back nearly 43% higher from the record low of $0.0186 in intraday to record high in intraday today.
Blast stands out as the Ethereum Layer 2 (L2) solution offering native yields on both ETH and stablecoins. Moreover, This yield is generated through ETH staking and Real-World Asset (RWA) protocols, which seamlessly distribute the earnings back to the users.
Unlike other L2 solutions that typically offer a 0% default interest rate, Blast provides a competitive 3.4% yield for ETH and an impressive 8% for stablecoins. Moreover, Blast empowers developers with innovative tools such as built-in yield generation and gas revenue sharing, setting a new standard for L2 platforms.
Blast Crypto Volume Analysis
At the time of writing, Blast crypto was up over 8.5% intraday with a massive growth in the volume inflow in Intraday. The transaction volume has surged by 85.98% a day to $592.44 Million a day.
Moreover, the volume to market cap ratio at 158.19 suggests very high volatility in the crypto. It has a live market capitalization of $400.26 ranking at 145th among all the cryptocurrencies.
Out of a total 100 Billion BLAST tokens as the total supply, only 17% of it i.e. only 17 Billion tokens are currently under circulation.
Can Blast Crypto Break Past Its ATH?
From a price point of view, Blast crypto retreated after rising to a record high. The hourly chart illustrates that the crypto has been in a consolidation zone with $0.0248 as the resistance and $0.0227 as the support.
On the higher side, any break above the resistance may indicate the completion of a pullback and the price may rally towards the record highs of $0.029 level. However, if the crypto slumps below the $0.0227, it may indicate a bearish continuation and the price may retrace its All time low value.
The RSI line and SMA line currently lies above the mean lines adding a bullish confirmation. investors need to watch closely as to which side the consolidation breaks.
What’s Next for Blast?
Blast crypto seemed to be consolidating with significant volatility in Intraday. The price has been volatile with 20% dip after inception and then a rebound of 43% from a low of $0.0186. At the time of writing, the crypto was exchanging hands close to $0.0238 with a positive development of nearly 8%.
With a market cap of $400.26 million, it ranks 145th and only 17 billion of the 100 billion total BLAST tokens are in circulation. Currently, the crypto has been in a consolidation with resistance at $0.0248 and support at $0.0227. A break above could signal a rally, while falling below may lead to record lows. The technical indicators RSI and SMA trends suggest a bullish outlook ahead.
golden crossover is itself a strong signEthereum (ETH) recently experienced a pause in its upward trend movement, having reached a high of $3,970. This consolidation period came on the heels of a spectacular 25% increase in its price, which was triggered by a breakout from a bullish pattern of a descending triangle pattern on the daily chart. Despite a minor pullback from its recent peak, ETH is now nearing a significant hurdle level at $3,750.
Should Ethereum (ETH) manage to surpass and maintain above this hurdle point, it could probably display a bullish trend to resume, which could potentially leading to additional gains. Meanwhile, the technical tools on the daily chart largely hints at a positive outlook. The price has been above the 200-day EMA that implied that the bullish momentum may continue in the long term.
Moreover, the ongoing 50-day and 200-day EMAs golden crossover is itself a strong sign of an favourable long-term trend. Conversely, the MACD exhibited a bearish crossover, indicating some caution to keep.
The RSI has declined below the 50 level and the 14-day SMA, that shows a momentary weakening in momentum. For confirmation of a sustained upward trend in ETH, it would be wise to observe the RSI's recovery above the median line (DYOR).
RSI having fallen below the 50 level Ethereum (ETH) has recently experienced a halt in its upward movement, having reached a high nearly of $3,974. This period of consolidation came on the heels of an impressive 25% increase in its price value, which was triggered by a breakout from a descending triangle pattern on the daily chart. Despite a minor pullback from its peak, ETH is now nearing a significant resistance level at $3,780.
Should ETH manage to surpass and maintain above this resistance, it could probably indicate a bullish trend to resume, potentially leading to additional gains. Meanwhile, the technical indicators on the daily chart largely suggest a positive outlook. The 50-day EMA has provided support, that implied that the bullish momentum may continue.
Moreover, the ongoing golden crossover between the 50-day and 200-day EMAs is itself a strong signal of a optimistic long-term trend. Conversely, the MACD showed a bearish crossover, highlighting some caution to keep (DYOR).
The RSI having fallen below the 50 level and the 14-day SMA, that suggests a momentary weakening in momentum. For confirmation of a sustained uptrend, it would be prudent to observe the RSI's recovery above the 50 mark.
Critical support levels for ETH are identified at $2,800 and $3,100, while resistance levels to consider are at $3,600 and $3,980. The interaction between these technical indicators and price points will be key in ascertaining the future direction of ETH.
ETH2050-2110 Bull RunBullish View on ETHUSDT
Trade:
Buy ETH Perpetual future at $2050
Stop Loss: $2000
Target: $2110
Payoff:
Max Profit: $60/ETH
Max Loss : $40/ETH
Rationale:
The recent price movement in ETH has convincingly breached the resistance level at 1850, and gave a swing high of 2125. Now the price is attempting to retrace towards its foundational or demand zone regions.
An encouraging sign is that ETHUSDT has maintained its support levels while retracing, further bolstering our confidence in its performance.
Examining the daily chart, it’s evident that the price is consistently adhering to established support / demand zones. This steadfast adherence underscores the robust buyer sentiment in the market.
ETHUSD BEARISH FORECASTNEW ETH BEARISH IDEA
ETH has been down for over the past 1year since 11Nov 2021 with highest price of 4868.
The ETH price has been trading down and below falling resistance line up to date, and it is now trading within the range boundaries of 2027 and 1004.
Due to the hawkish expectations from FED and Dollar's strength, we expect price to drop more for about 30-35% of current price, that's 1000, which was last lowest traded price since June 2022.
We expect the ETH to break below support area of 1350 in couple days, after retest we'll hop in market again, Head and shoulder was formed and we expect the closure of candle below neckline also.
ETHEREUM/USDT 4HOUR UPDATE!!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
ETH/USDT UPDATE!
ETH/USDT is now trying to break the $1420-$1460 resistance area. If eth is able to break this resistance, we will see a move towards the key $1750 resistance area. If eth gets rejected from here, we will see another test of $1250.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
Ethereum Whales UpdateEthereum Whale Account Transacts 100,000 ETH Coins Amid Price Dip.
Ethereum, the world's second-largest cryptocurrency, has fallen sharply in price over the last few days. Amid the dip, an ETH whale has transferred a significant amount to an unknown wallet. The value of the transaction — 100,000 ETH coins, around $181 million (roughly Rs. 13,500 crores) — was highlighted by Whale Alert, a blockchain tracker and analytics company. Hours after the transaction, Ethereum has been showing an upward trend, gaining more than 6 percent in just 24 hours. Given the positive market trend, the person who bought the digital coins stands to benefit hugely from the transaction.
In the world of finance, a “whale” is an entity with enough power to impact the market of an asset by triggering massive transactions. However, the main issue with whale accounts is that they often accumulate billions worth of digital coins, allowing them the capability to influence the cryptocurrency market single-handedly.
According to data published by Whale Alert, the transaction took place around 9:30 PM (IST) on Monday. At that time, Ethereum price was around Rs 1.36 lakh. However, in the past 24 hours, the crypto coin has gained more than 6 percent in value, showed Coinbase data.
In a similar large transaction earlier in June, a cryptocurrency whale had transferred 50,000 ETH coins “from unknown wallet to unknown wallet”, Whale Alert had reported.
Ethereum, the Bitcoin rival, has an estimated market capitalisation of Rs 16.2 trillion, according to Coinbase. The recent fall in its price has been partly attributed to one of its co-founders quitting the cryptocurrency industry.
Anthony Di Iorio, who helped build Ethereum in 2018, said he was quitting the cryptocurrency ecosystem because he wants to solve “large problems”. The 48-year-old told Coindesk that he doesn't want to be known “as a crypto person”, but instead wants to be known as a “problem solver”.
Di Iorio said he plans to sell his stake in Decentral, a blockchain startup, and move to "larger world problems". He's reportedly involved in Project Arrow, working on creating a zero-emission vehicle.
Ethereum Correction Period StartedNow I Think Ethereum Correction Period Started .Current Ethereum Price - 205 USDT & ETH Has Not Braked 222 USDT Resistant Line . So ETH Going Down To 170 USDT Support Line & Again Started To Up . If ETH Brake This 170 USDT Support Line... So We See Agen ETH Bearish Trande .
Ethereum 1D Technical Analysis (Bullish Bias X Bull Market)- Ethereum is currently trading at 3166$
- Ethereum has been underperforming Bitcoin for 2 quarters
- Ethereum marks the short term bottom in my opinion and now we can soon see ETH purging above 4000$
- Ethereum is a long waited rally crypto and everybody is waiting for ETH TO OUTPERFORM it will only outperform once it flips the weekly candle above 3700$
- Ethereum is witnessing a huge backlash due to its underperformance one weekly close above 4500$ will help ETH print a new all time high
- Ethereum should make a new all time high by the end of Q1
Lido DAO Price Set for 30% Increase Amid Growing User InterestLido DAO Price Set for 30% Increase Amid Growing User Interest
An on-chain metrics 24H Active addresses have recorded a 30% rise indicating increased user engagement.
LDO price DAA divergence indicators highlight a positive divergence suggesting a bullish continuation.
Lido DAO price gained traction after stabilizing near the demand zone of $1.5 and surged higher. The LDO token price has been on a five day gaining streak erasing nearly 20% of recent losses.
Despite rising over 20% in the recent session, the long term trend outlook emphasizes being in a correction phase. It adds the risk of price failure at the higher levels. However, few on-chain metrics have signaled a positive development which may derive growth in Lido DAO and may break out of a correction phase.
Lido DAO is a decentralized autonomous organization (DAO) offering staking infrastructure across various blockchain networks. The platform is particularly known for its liquid staking solution for Ethereum.
Users can stake their ETH and receive stETH (Lido staked ETH) tokens in return, which represent their staked ETH and accumulated staking rewards. It has a live market capitalization of $1.75 Billion and ranks 52nd in the cryptoverse.
LDO: 24H Active Addresses On A Rise
Along with a rise in LDO price in the recent sessions, there has been an exponential growth in 24 Hour active addresses. There has been a near 30% jump in the 24 hour active addresses in the recent sessions as per the data obtained from app.santiement.net, an on-chain analytics website.
On a deeper dice, it was observed that the 24 hour active addresses were close to 300 a few days ago which has surged to nearly 380 as of now, suggesting a rise of over 30%. Active addresses represent the number of unique users which have taken part in any transaction in a given period of time.
Additionally, an increased number of active addresses indicate a high user engagement which generally heightens the demand. The volume to market capitalization at 12.46% indicates high volatility.
LDO Price DAA Divergence Analysis
furthermore, price DAA divergence is another on-chain metrics which highlights the further growth in Lido DAO price. This metric measures any positive or negative divergence between LDO price and Daily active addresses.
A positive divergence highlights a growth potential in the price and vice versa. The weekly price vs DAA metrics highlights a positive divergence suggesting a potential growth in LDO price.
Apart from it, other technical indicators i.e. RSI placed at 55.86 points suggests a bullish continuation in the short term. The short term Exponential moving averages 20 and 50 day suggest a bullish continuation whereas, 200 day EMA highlights a bearish trend prevailing.
Can Lido DAO Make A Bullish Reversal?
Lido DAO's token price surged, erasing nearly 20% of recent losses over a five-day gaining streak. Despite this rise, the long-term trend remains in a correction phase, posing risks at higher levels. However, positive on-chain metrics, such as a 30% increase in 24-hour active addresses and price DAA divergence, suggest potential growth.
Additionally, The RSI at 55.86 points indicates short-term bullish continuation. While the 20 and 50-day EMAs suggest a bullish trend, the 200-day EMA highlights a prevailing bearish trend. Key levels to watch are $2.5 for a bullish breakout and $1.5 for potential bearish continuation.
Ethereum ETF Probably Delayed To 2nd Week of July or Later By SEEthereum ETF Probably Delayed To 2nd Week of July or Later By SEC
The U.S. Securities and Exchange Commission has provided feedback on the S-1 filings and has called for them to be resubmitted by July 8.
This could postpone the debut of the spot Ether exchange-traded fund.
In the latest communications, The U.S. Securities and Exchange Commission has returned back the S-1 documents to the entities proposing Ethereum ETFs, indicating a continuation of the review process prior to being effective.
Earlier, the Ethereum ETF was anticipated to be launched by 2nd June. However, the recent remarks made by the SEC could further delay the process. As of Now, the applicants are required to revise their submissions in response to the SEC's comments and resubmit by July 8.
The recent development hints at a probable extension of the approval timeline, necessitating at least an additional round of filing before the ETFs can be listed officially and commence trading.
Prospects of Additional Delays Loom Over Decisions
However, SEC has set a deadline for the resubmission of the applications for the Ethereum ETFs, yet few analysts believe the delay in the commencement of Ethereum ETFs could last longer.
Fwiw, Bloomberg's @JSeyff saying week of July 8th looks more likely for spot eth ETF approval...Another source said "it’s also a possibility that it could be later in July or later in the summer."My take? It shouldn't take this long.via @KathieOD_PI pic.twitter.com/M9LVhfa9vd— Nate Geraci (@NateGeraci) June 28, 2024
Nate Geraci, who is the president of the ETF Store, mentioned in his tweet mentioning that July 8th might be the most likely for spot ETF approval. However, he further added that it could be later in July or later this summer pointing towards the further delay that might be on the horizon.
What’s Ahead For Ethereum?
Despite the news surrounding the Ethereum ETFs, the price of Ethereum did not witness any hiccups. As of now, Ethereum was exchanging hands close to $3385 recording mild intraday gains of 0.33%.
The daily chart reveals that Ethereum price has been trying to stabilize near the 50 day Exponential moving average. Despite weakness in the short term, the long term trend outlook still points towards a positive side.
Currently, the ETH price was experiencing a correction phase following a declining channel pattern. Now, until the price is maintained in the channel, it may continue to show weakness.
However, a breakout above the recent resistance of $3487 could mark the end of a correction and the ETH price may roar towards the $3800 and $4000 level again.