Fell
Despite the strong fundamentals, ETH fell 2x more than BTC, which came under pressure from GBTC holders.
We have touched short-term objective #1 and have received a price reaction from this move, which confirms my assumptions about the stability of the region.
New areas of liquidity concentration are seen in the 1700-1800 range, which could be the final price range for ETH during the current local decline.
Will ETH fall along with BTC in the next 3 months? (Redirected from TV-Samura0x)

Bearish
Ethereum finds itself on the brink of instability.
The recent price chart shows a worrying picture –
The 100-day exponential MA (EMA), a key indicator of rising momentum, is under threat.
If this level cannot be maintained, Ethereum is likely to trigger a more pronounced decline.

Downward pressure
Over the next 24 hours, bearish clouds and rain will loom over the global Crypto Assets market, signaling downside risks.
Ethereum, in particular, will be under pressure. Ether fell 5% to about $2,230.
However, Ripple's XRP, Cardano, and Dogecoin have upside potential during this time.
Over the course of a week, the bearish trading trend will extend to all Crypto Assets, with the exception of Dogecoin, which may have additional upside potential. (Redirected from TV-ATTMO)

Weak
1. ETH is stronger than BTC in both fundamentals and narrative. Now a lot of people are talking about ETH ETFs, and ETH has no selling pressure from GBTC holders.
2。 The chart for ETH is much stronger. The nearest possible Short target area is above the buy zone for all active Ethereum users, on-chain quotas, and other active users
3. ETH is a mature ecosystem that is ready to launch strongly without waiting 1-2-3 years.
But all these arguments disappear when we see that today BTC is growing by about 3% and ETH by about 1-1.5%.
The result is that ETH has fallen more and is getting weaker

Rebound at support levels
Ethereum Rebound perfectly from the key weekly support level of $2159.
That's why I shared high time frame support and resistance a few weeks ago,
It gives us a really critical area where we can look for entry and exit.
Larry Fink is about to push the EthereumSpot ETF in the coming months,
Just like he did with Bitcoin before the battle of Bitcoin ETFs.
I still believe that ETH is the "next giant pump". (Redirected from TV-ScottMelker)

Short Fluctuation (II)
Due to the large stop-loss window, it is recommended to use Spot or low leverage (>5x leverage) for this trade.
While BTC and LTC will pull back from the bullish series and both will hold their lows,
But ETH will not hold the lows and continue down to the leg extension.
We should find buyers (including me) in this area and start a bullish sequence at the end of the year or even 2025. (Redirected from TV-MrBigTexx)

Shocks to the upside
After the shock range is broken, the entire upward channel can be retraced.
Combined with BTC, BTC can also be seen in this way, the rising channel, to the upper boundary has the need to turn back and fall.
The rise is not all the time, the constant rise is after the breakout of the shock range, such as the previous 10,000 to 60,000, there is also a step back.
The expected rally is a rising target that breaks through the shock range,
Before the real rise, the horizontal oscillation range and the upper boundary of the retracement are to make room for continuous gains. (Redi

Weekly observations
BTC ETFs are traded for 8 days. Except for GBTC, the remaining 10 BTC ETFs all saw inflows. Most of the money flowing out of GBTC went into BTC ETFs with lower fees. But for the market, while the long-term bullish trend has not been disrupted, the selling news has brought a noticeable pullback. The Crypto Assets market has entered a pullback period.
The next important event was the arrival of BTCHalving, when the Fed began to change its monetary policy. The former will appear in April, and the latter, depending on the current Intrerest Rate market conditions, will appear as

Insight into
Since the price of ETH is slightly below the annual high in 2023, we looked at some tailwinds and headwinds for ETH in 2024.
The tailwinds we observe include: the expected release of EIP-4844 in the second half of the year, impacting the potential deflation nature - the impact of potential ETH ETFs;
On the other hand, headwinds include: the potential migration of fee-sensitive users to Solana and alternative L1s and L2s,
Centralization concerns: Projects such as DyDx and Sushiswap are migrating to alternative leapfrog chains to improve Ethereum's slow transaction speeds. (Redirect

Bullish
We will see Ethereum move higher after completing the flat.
Since the November 2022 low, Ethereum has been nested 3 times,
The completed flat structure should push it further above $4000 (minimum).
I don't think we're going to see any drops in the price of Ethereum.
SpotBitcoin ETFs only contribute to price increases. (Redirected from TV-Khumalo_p)

2024 Unleashing the Power of Ethereum (Part II)
Moreover, the Deflation nature of Ethereum first emerged in 2023 and is expected to persist in 2024.
This deflation pressure, coupled with the growing popularity of Decentralized Finance and Non-fungible Tokens on the Ethereum network, could lead to an increase in utility and demand. Ethereum.
Moreover, technical analysis of Ethereum's price action in 2024 revealed a bullish pattern that formed an rising triangle and a triple top.
These patterns suggest that an upside breakout is on the horizon and that the price of ETH could hit new all-time hig

Price Prediction
Holding on to short-term rising support triggers unexpected fluctuations at long-term wedge resistance.
The pattern is now considered a priority, but note that the previous low has strangely changed from 2168 to 2176.
Three resistance biases have been added, plus a support bias to compensate for the difference from the current average line to the high of the pattern.
Keep in mind that this is the first break above 2450 points since May 2022 when it fell into the last long-term rise (blue),
May mark the beginning of momentum towards 2500-3000 points. (Redirected from TV-Cheddar

Breakthrough 3000 is just around the corner (4)
Ethereum recently surged above $2,400, driven by strong derivatives market indicators and close position dynamics,
A bullish picture is painted for Crypto Assets. As the market eagerly awaits the Bitcoin ETF ruling,
Derivatives traders' resilience and optimism suggest that ETH could break through $2,500, reaching its highest level since May 2022.
However, investors should be cautious about potential resistance levels and profit-taking behavior, as ETH aims to reclaim the $3,000 area. (Redirected from TV-DEXWireNews)

Weather forecast for the week
Ethereum, Litecoin and Cardano could profit ☀️ from the bullish sunshine in the next 24 hours.
On the other hand, Ripple's XRP and Avalanche could also face downward pressure ☁️
Over the course of a week, bullish sunshine will shine across much of the Crypto Assets universe,
But XRP, Avalanche and Polkadot will remain in a bearish cloud of downward pressure, signaling further downside risks. ☁️ (Redirected from TV-ATTMO)

Higher aim
Yesterday's bullish consolidation pushed the price of Ethereum to the $2644 level.
With this jump, a new high for the year was formed, the last time it was reached was in May 2022.
Today, we are watching consolidation in the $2560 to $2620 range.
The price of Ethereum is still high, which could affect us to see a breakout and form new highs.
Potential higher targets are the $2680 and $2700 levels.