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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 On the other hand, Grayscale’s GBTC, the second-largest spot Bitcoin ETF, saw $50.39 million withdrawn.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
COINBASE:ETHUSDShort
by FXBANkthe8055
Whales Accumulating Ethereum : Can ETH Reclaim $3K in September?Whales Accumulating Ethereum : Can ETH Reclaim $3K in September? The whales have accumulated nearly 0.5% of the supply in the last two weeks. Ethereum may reclaim the psychological $3000 if it surpasses the higher range of consolidation over daily chart. Ethereum has been hovering in a range bound zone for the last three weeks. The bulls and bears seemed to be in a tough fight near the psychological $2500 level. Recently, Ethereum bulls attempted for a breakout of the consolidation above $2800. However, it failed due to the presence of strong bearish forces and the price loomed back towards the $2400 levels. At the time of writing, Ethereum was exchanging hands close to $2519 recording a positive gain of nearly 3.93% in intraday. Whales Accumulating At The Lows: Analysts Say Despite consolidation in Ethereum price near the $2500 for the last couple of weeks, the analysts have noted something cooking behind the curtains. The analysts have noticed a significant change in the whale holdings in the last couple of weeks while the price hasn't moved significantly. As per the analysts, the top addresses often known as whales were holding nearly 43.5% of the total supply in mid August which now has surged to 44.01% indicating a significant 0.51% jump in just two weeks. A significant jump in the whale holdings suggests whale accumulation at the lows while retailers seem to be in panic and liquidating their investments. Moreover, as per the data obtained by an on-chain analytics website app.santiment.net a notable change was observed in the price DAA divergence indicator. The bearish divergence between the price and DAA (Daily active addresses) seemed to be decreasing, highlighting the waning interest of the sellers. The price DAA divergence is an on-chain metrics which reflects the change in bearish or bullish divergence between the asset's price and daily active addresses. The decreasing bearish divergence indicates a potential buying in Ethereum in the upcoming sessions. Ethereum May Reclaim $3000 level In September: Here’s How? From a technical perspective, Ethereum price was hovering below the key exponential moving averages of 20, 50 and 200 days suggesting a bearish domination. However, the last couple of weeks saw a range bound movement in Ethereum. On the higher side, the bears have established themselves firmly near $2800 level. On the contrary the bulls seem to be in domination near the $2350 level. Now a clear trend may be observed on the charts if the price breaks on either side. Additionally, the on-chain metrics have indicated a possible breakout scenario which may validate on the charts of ETH price surpasses $2800 level. On a sustained breakout Ethereum may look to reclaim its presence near the psychological $3000 levels in September. At the time of writing, the RSI line was placed close to 42 points and that of the 14 day SMA line was placed at 42.21 points. A bullish crossover between the RSI and SMA line suggests a potential bullish trend continuation.
COINBASE:ETHUSDLong
by Ritika_TCR
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.
COINBASE:ETHUSDShort
by FXBANkthe8055
2
The next turn is for ETH Buy zone 2683 T.profit 3100 STP 2530The next turn is for ETH If you haven't taken advantage of the opportunity to BUY at 2583 Please refer to Buy zone 2683 T.profit 3100 STP 2530 - BTC increased differently than ETH's increase last week, - ETH loss has been lower than BTC in the past 1 month - The shakeout level at 2200 is very strong and the accumulation is large. - We will feel the risk if there is large liquidity at 3000-3200 or else it will still be attractive. Good luck!
COINBASE:ETHUSDLong
by HungDaoGlobalTrading
1
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.
COINBASE:ETHUSDShort
by FXBANkthe8055
ETHEREUM GANN ANALYSIS 15 MIN CHART 18 AUGUST 2024 08:12:23 ISTEthereum is the second ranked bitcoin has hit an ATH at 4866.90 in Nov 2021. The Gann level to watch at all time highs was 4840 odd levels. It squaring price on monthly chart was 1090. We had made a low of 997.40 on June 2022. It was 7 months correction. Within 21 months we got a lower high of 4092.80 on March 2024. Gann level to watch was 3906.30.We made a double top with a lower high at 3973.10 in May 2024. Again Gann level of 3906.30 was important for Ethereum. August 2024 till date is 2178.90. Gann level to watch here is 2343.80 for further recovery to continue. We need to stay above 2356.30 to continue the recovery. Drop below 2343.80 the correction can continue downwards till next support of 2083.40. Important month to watch is Oct 2024. Short term traders range to watch is 2552.10 and 2604.20. We have made a double bottom at 2552.40 on 16 Aug 2024 at 06:45 IST and 2552.40 on 16 Aug 2024 aat 21:00 IST. We have double tops coming in at 2628.50 on 16 Aug 2024 at 12:30 IST and 2630.90 on 16 Aug 2024 at 23:30 IST. Breakouts on either side will happen above 2604.20 on upside and 2552.10 on downside. A stop loss of 7 points can be used by short term traders. Happy Trading !!!
FOREXCOM:ETHUSD
by kbr9121965
3
ETHUSD 5Hr !!The rate of Ethereum ETHUSD has dropped by 2.44% over the last 24 hours.Image by TradingView On the hourly chart, the price of ETH is in the middle of the local channel. However, if the daily bar closes near the support level, the correction is likely to continue tomorrow.Image by TradingView On the bigger time frame, traders should focus on the support level of $2,510. If it breaks out, there is a chance to see a test of the $2,400 range soon.Image by TradingView A little bit better picture can be seen on the weekly chart. The rate of the main altcoin is far from the main levels, which means neither bulls nor bears are dominating in the midterm. In this regard, consolidation in the wide range of $2,400-$2,700 is the more likely scenario until the end of the month.
COINBASE:ETHUSD
by FXBANkthe8055
Will ETH Price Optimism Revive Or Plummet More? From the global woes, the hit taken by Ethereum (ETH) happened to be devastating; the price over the week together dumped more than 35%. The failure of buyers' strength led to the massive dump that resulted after the destroyed level of $2900. It has declined below 200-day, and 50-day EMA's. The MACD showed a bearish cross with a broadening histogram downwards at 96.6. However, the loss of strength in price decline has been caught by RSI, as it has entered extremely oversold territory below 30 at 18.92. Since RSI has been oversold, there happens to be a higher probability for ETH to show a resurgence. Therefore, if ETH bounces back, then the resistance would lie at $2900, and $2500, respectively. However, the breach of $2150 would give bears the downward target of $1900 and $1550, respectively.
BITSTAMP:ETHUSDLong
by Yash_Jain_1309
Will the Next $4000 Level Be Attained Soon? The ETH has been managing its $2900 support for quite a long time; after the deterioration in June 2024, the price uplifted from the same support, which showed its credibility. Based on the recent price study, the ETH aimed at $4000, and has taken a short pullback recently, and lately got backing from 50-day EMA. MACD histogram has surged, which is at 54.5, and RSI jumped above the median line, depicting the chances of momentum going to explode soon. At press, the price growth remains flat on intraday, where it last traded at a price of $3498.0. The resistances are $3600 and $3750, respectively, and the supports are $3380 and $3240, respectively.
BITSTAMP:ETHUSDLong
by Yash_Jain_1309
Ethereum A Right Crypto to Take PositionOn Weekly Basis: ETH/USD completed its correction from 4800 to 1140 in its 3 Wave Down Correction. Previous top was made at 1350 in January, 2018 also a support level. Fibonacci 78.6% retracement from bottom 122 to top 4800 ends at 1140, a support level. It took a support at 1100 which is a long term horizontal support on weekly charts. It made a double bottom in December, 2022. Current rally has its base at 1550 with breaking a resistance at 2600. There is a golden cross over at 200 DMA, since then its on up trend with a target at 3950. RSI entered in overbought zone and could consolidate with zig zag formation. Currently it has completed A and B wave. After it has broken the downward trendline and continuously going up, may give a chance for long position with handsome gains. The current C wave could prove to be very strong. Warning and Disclaimer: Above prediction should not be taken as financial advise, it is a personal opinion. Consult your financial advisor. Investment is subject to market risks. Past performance is not the guarantee for future performance. It is for educational purpose only.
BITSTAMP:ETHUSDLong
by AnkurSharda3
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
COINBASE:ETHUSDShort
by FXBANkthe8055
3
Decoding The Ethereum (ETH) Price Analysis!From the last quarter of 2023, the price showed 165% by reaching $4075 by the first quarter end of 2024. The price at $4075 displayed deterioration after mid-March 2024 in a falling wedge, which formed a support at $2870 by mid-May 2024, and thereon a breakout propelled tearing the upper boundary of the wedge by May end of 2024. After the failure of sustenance near $3961.3, the price fell back to $2870 by July 5th and has been displaying a bullish presence from the support. The MACD has formed a bullish cross, and the RSI flashed at 43.72, which has crossed 14-SMA from below. Therefore, at press, the price traded at $3159, and if it keeps on rising, then the resistances could be at $3250, and $3500, respectively. However, if it fails to bounce past $3250, then it could land back to $2850, and breaching this would start a bearish trend for lower depths.
BITSTAMP:ETHUSDLong
by Yash_Jain_1309
Crypto Market Recovers as Germany Gets Back $200M Worth of BTC fThe crypto market saw a boost in sentiment on Tuesday as a German government entity received over $200 million worth of the asset back from various exchanges. During Asian morning hours, Bitcoin was trading just above $57,300, reflecting a 3.5% increase over the past 24 hours. Other major tokens also experienced gains, with Solana’s SOL surging by as much as 6% and Ether (ETH) climbing back above $3,000. Even dogecoin (DOGE) saw a rise of nearly 7%. The market had been shaken on Monday when BTC briefly dropped to as low as $55,000 after an address linked to the German Federal Criminal Police Office (BKA) sent over $900 million to various addresses.
COINBASE:ETHUSDLong
by FXBANkthe8055
Ethereum Rebounds But Investors Fear Larger Crash On The HorizonEthereum Rebounds But Investors Fear Larger Crash On The Horizon? Ethereum Price recovered nearly 6% from yesterday's lows and has reclaimed the $3000 level. The transaction volume dropped by 44.7% indicating the waning seller's interest. The bloodbath in the crypto markets seemed to be taking a pause on Saturday after a sharp fall in the last couple of sessions that triggered a panic among the investors. The Ethereum crypto also climbed nearly 6% from yesterday's low and has reclaimed back the psychological $3000 level. Despite panic in the broader markets, few analysts are hoping for the bad days to end as soon as the SEC approves Ethereum ETFs. As per the analysts, the Ethereum ETFs may bring back the optimism in the crypto markets and the markets may recover. Moreover, the transaction volume has dropped significantly indicating an improving sentiment. Can Ethereum ETFs Approval Turn The Tables Again? The Ethereum ETF approval was a dual-stage process in which the initial phase was completed with the approval of the 19b-4 documents by the issuers. On May 23, the SEC gave the green light to 19b-4 submissions from eight contenders for ETFs. Moreover, the approval of S-1 forms by the was a later or final process which was anticipated to be completed by 2nd July. 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 However, in a recent communications on 29th June, the U.S. The Securities and Exchange Commission returned the S-1 documents proposing some changes and asked the issuers to resubmit by 8th July. Now, if the Ethereum ETFs are approved by 8th July by US SEC (Securities and Exchange Commission), It might bring a new era in the process of crypto adoption. As would be expected, these changes won’t only affect Ethereum, but cover the entire crypto industry spectrum. Can Ethereum Continue To Recover Or Slump Again? The panic selling seemed to be taking a pause today after the markets took a rebound from the previous day's low. Despite Ethereum having reclaimed back the psychological $3000 mark, the price still hovers below the 200 day exponential moving average indicating a possible comeback by the bears. Now, if the bulls make a comeback above the 200 day EMA it may indicate a bullish continuation and the price may head for a recovery. The transaction volume has dropped by 44% to $16.2 Billion a day indicating the waning interest of the sellers. Moreover, until the Ethereum price hovers below the 200 day EMA, it may be at a risk of another selloff. on the lower side, the $2850 level may act as a strong support which if breaks may unlock price failure towards the $2500 levels. What’s Next For Ethereum? The cryptocurrency market seemed to be stabilizing after a sharp decline in the last couple of sessions, with Ethereum reclaiming back the $3000. As per a few analysts, the pending approval of Ethereum ETFs by the SEC could restore market optimism. If approved, it could mark a significant step in crypto adoption. Furthermore, Ethereum price has recovered from the lows however it still hovers below the 200-day EMA. A positive crossover of price above the 200 day EMA could signal a bullish trend. Transaction volumes have decreased, suggesting reduced selling pressure. However, At the current levels ETH crypto faces risk of further sell-offs until it stays below the 200-day EMA, with $2850 as critical support.
COINBASE:ETHUSDShort
by Ritika_TCR
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.
BITSTAMP:ETHUSDLong
by Yash_Jain_1309
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.
COINBASE:ETHUSDLong
by Ritika_TCR
1