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ETHUSDT TO THE DEMAND BOTTOM ETH is going on a down trend to the position where the demand zone is. As of my analysis every coin is going towards down. Here is my analysis on ETH.
ETHUSDT- an over viewContinuing in a rising channel, current candle trying to take support and reverse. If it fails then we can see 2600-2700 also. If it sustains and closes above 3600 then we will have 4400 coming very fast.
Ethusdt perpTime frame: 1hr
Pattern: cup and handle
If breakout target could be $8.3 Or measure the length of vertical line.
Disclaimer: not a financial advice. Education purpose.
ETHUSDT IS STRUGGLING TO COME BACK IN CHANNEL BULLISH SATIMENTS Ethereum is struggling to comeback in channel bullish sentiments is there, let the price come back in channel and ETH might retest 258 level.
ethusd chart 15m for trading with good profitIt sounds like you’re observing a potential bullish divergence in the ETH/USD pair. Here’s a more structured explanation:
When the Relative Strength Index (RSI) is making higher highs while the price is making lower lows, it often indicates a potential reversal. This divergence suggests that the downward momentum is weakening, and a bullish reversal might be on the horizon.
Key Points:
RSI Higher Highs: Indicates increasing buying pressure.
Price Lower Lows: Indicates decreasing selling pressure.
Potential Reversal: This divergence can signal a buying opportunity.
Strategy:
Wait for Confirmation: Look for a clear reversal signal before entering a buy position.
Entry Point: Consider entering once the price starts to show upward momentum, confirming the reversal.
Keep an eye on other indicators and market conditions to support your decision. Happy trading! 📈
Is there anything else you’d like to discuss about trading strategies or technical analysis?
ETHUSD View!!U.S. spot Bitcoin exchange-traded funds (ETFs) experienced their largest outflows since May 1, with net outflows reaching $287.78 million on Tuesday
According to , BlackRock’s IBIT, the largest spot Bitcoin ETF by assets, reported no significant flows for the day.
On the other hand, Grayscale’s GBTC, the second-largest spot Bitcoin ETF, saw $50.39 million withdrawn.
Fidelity’s FBTC faced the heaviest losses, with $162.26 million in outflows.More Funds See Outflows
ETHUSD VIEW!!The cryptocurrency market is in the red today, following the slump in US stocks as all eyes turn to Nvidia’s upcoming earnings report. This highly anticipated release is seen as a potential turning point, offering clues on whether the AI-fueled bull market still has legs or if the rally is starting to lose steam.
Nvidia's slower growth prospects hurt Nasdaq, crypto
Analysts surveyed by FactSet expect Nvidia to post second-quarter adjusted earnings of approximately 65 cents per share, with revenue projected at $28.74 billion. This figure represents more than double the revenue from the same quarter in 2023.
However, it also signals a deceleration in growth, as Nvidia’s revenue more than tripled year-over-year in the April quarter. Nvidia's stock was wobbling between gains and losses ahead of the earnings report, taking the Nasdaq 100 on a similar seesaw trend.
ETHUSD View!!Last night, social media was rocked by some pretty big news, as some may already know — the arrest of Telegram founder Pavel Durov. It all started when Durov landed on a private jet in France to refuel, where he was reported wanted minutes before landing. In total, the charges have the billionaire facing up to 20 years in French prison, considering that Durov is also a citizen of that country.
The situation has received an enormous amount of commentary from every respectable figure in the tech space, and crypto in particular. The most interesting of them seems to be the opinion of Vitalik Buterin, the co-founder of Ethereum.
ETHUSD View!Hougan’s analysis suggests that while the initial weeks after the ETF launch might be volatile, the overall trend points towards strong bullish momentum by year-end. His argument pivots on the basic economic principle of supply and demand.
He explains that while ETFs do not alter the fundamental nature of the underlying asset, they introduce new sources of demand. When spot Bitcoin
BTCUSD
ETFs launched, demand significantly outpaced the new supply generated by miners, driving up Bitcoin’s price.
“BTC has risen ~25% since the launch of Bitcoin [exchange-trade
ETHUSD sell on rise till recent high not break On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
ETHUSD Will Consensys’ comments help in getting Ether ETF approvOn March 8, 2024, the Security and Exchange Commission (SEC) requested public comments on Nasdaq’s pending applications to permit the approval of a spot Ethereum exchange-traded fund (ETF). In response to the SEC’s request for public comments regarding the approval of Ether ETF applications, advocates of Ethereum have submitted a comprehensive letter addressing concerns about fraud and manipulation.Ethereum Advocates’ response to the SEC’s concern
However, the SEC’s inquiry specifically questioned whether Ethereum’s Proof of Stake (PoS) consensus mechanism and concentration of control raise unique concerns regarding vulnerability to fraudulent activities. Following the SEC’s question advocates highlighted Ethereum’s robust security measures, surpassing those of Bitcoin’s Proof of Work (PoW) model, which forms the basis of previously approved Bitcoin ETFs.
These are the key highlights included in response to the SEC’s concerns regarding the fraudulent activities:
Faster Block Finality: Ethereum’s transition to PoS ensures faster block finality, where transactions are irreversibly confirmed in a shorter timeframe compared to PoW.
Distributed Validation Process: Ethereum PoS divides block validation duties among proposers and attesters, preventing centralized control and manipulation.
Total Cost to Attack: Research indicates that Ethereum’s Byzantine fault tolerance makes network compromise significantly more costly compared to Bitcoin.
Slashing Penalties: Ethereum penalizes validators who violate protocol rules through stake deductions, serving as a deterrent against malicious behavior.
Environmental Benefits: Ethereum’s PoS model is environmentally friendly compared to Bitcoin’s energy-intensive PoW, consuming significantly less energy.
Additionally, Ethereum’s decentralized community and transparent development process contribute to its security and resilience against attacks. Advocates also urged the SEC to recognize Ethereum’s advanced safeguards, which meet and exceed the security standards of previously approved Bitcoin-based ETPs.
The submission reflects the advocates’ commitment to advancing Ethereum’s adoption and fostering constructive discussion with regulatory authorities. However, this letter marks a significant step in promoting awareness and understanding of Ethereum’s security features, aiming to facilitate the approval of ether ETFs and onboard the next billion users to web3.Will ETH ETF approval impact Ethereum price?
However, following the approval of the spot Bitcoin ETF, the crypto community is eagerly awaiting the approval of the spot ETH ETF. It is also expected that once the ETF is approved, similar to the Bitcoin ETF, Ethereum will also reach its all-time high.
Ethereum is trading near the $3,500 level, and in the last 24 hours, it experienced a downside momentum of nearly 2%. If we look at Ethereum’s performance over a longer period, in the last 7 days, the price of Ethereum experienced only a 4% upside momentum. Whereas, in the last 30 days, it has remained neutral with a 0.4% momentum. © Todayq News
ETHUSD-SELLLIMITLooks good to short at the top rejection point. Try to manage your risk accordingly. All the best.
ETHUSD AnalysisConfirmation for this long trade:-
1: Market is taking pullback from support area
2: taking rejection from trendline
ETHUSD-LONGHer or zero type trade setup. Do not chase the market, if it turns against the set up. All the best.
