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Ethereum Price Topside Bias Vulnerable If It Continues To Struggle Below $2,400
Ethereum price remained in a range below the $2,350 resistance zone. ETH traded lower below $2,320, but the bulls were active near the $2,280 support zone.
A low was formed near $2,282 and the price is now attempting a fresh increase in a range, like Bitcoin. There was a move above the $2,300 resistance zone and the 100-hourly Simple Moving Average. The price even cleared the 61.8% Fib retracement level of the recent decline from the $2,334 swing high to the $2,282 low.
Ethereum is now trading above $2,300 and the 100-hourly Simple Moving Average. There is also a short-term rising channel forming with resistance near $2,350 on the hourly chart of ETH/USD.
On the upside, the first major resistance is near the $2,325 level or the 76.4% Fib retracement level of the recent decline from the $2,334 swing high to the $2,282 low. The next major resistance is near $2,350, above which the price might rise and test the $2,380 resistance.
If the bulls push the price above the $2,380 resistance, they could aim for $2,450. A clear move above the $2,450 level might send the price further higher. In the stated case, the price could rise toward the $2,500 level.
ANOTHER DECLINE IN ETH?
If Ethereum fails to clear the $2,350 resistance, it could start another decline. Initial support on the downside is near the $2,280 level and the channel trend line.
The next key support could be the $2,240 zone. A clear move below the $2,240 support might send the price toward $2,180. The main support could be $2,120. Any more losses might send the price toward the $2,040 level.#ethi #EthereumAirdrop #ETH #etf
Ethereum price remained in a range below the $2,350 resistance zone. ETH traded lower below $2,320, but the bulls were active near the $2,280 support zone.
A low was formed near $2,282 and the price is now attempting a fresh increase in a range, like Bitcoin. There was a move above the $2,300 resistance zone and the 100-hourly Simple Moving Average. The price even cleared the 61.8% Fib retracement level of the recent decline from the $2,334 swing high to the $2,282 low.
Ethereum is now trading above $2,300 and the 100-hourly Simple Moving Average. There is also a short-term rising channel forming with resistance near $2,350 on the hourly chart of ETH/USD.
On the upside, the first major resistance is near the $2,325 level or the 76.4% Fib retracement level of the recent decline from the $2,334 swing high to the $2,282 low. The next major resistance is near $2,350, above which the price might rise and test the $2,380 resistance.
If the bulls push the price above the $2,380 resistance, they could aim for $2,450. A clear move above the $2,450 level might send the price further higher. In the stated case, the price could rise toward the $2,500 level.
ANOTHER DECLINE IN ETH?
If Ethereum fails to clear the $2,350 resistance, it could start another decline. Initial support on the downside is near the $2,280 level and the channel trend line.
The next key support could be the $2,240 zone. A clear move below the $2,240 support might send the price toward $2,180. The main support could be $2,120. Any more losses might send the price toward the $2,040 level.#ethi #EthereumAirdrop #ETH #etf
ETHEREUM PRICE CONSOLIDATES WHILE BITCOIN SURGES, CAN ETH FOLLOW BTC LATER?
Ethereum price saw a steady increase after it broke the $2,350 resistance. ETH climbed above $2,400 and tested the $2,460 zone. A high was formed near $2,463 and the price is now consolidating gains, while Bitcoin extended its increase above the $45,000 level.
Ether is trading above the 23.6% Fib retracement level of the recent wave from the $2,352 swing low to the $2,463 high. There is also a major bullish trend line forming with support at $2,435 on the hourly chart of ETH/USD.
Ethereum is now trading above $2,400 and the 100-hourly Simple Moving Average. If there is a fresh increase, the price could surge above the $2,460 level. On the upside, the first major resistance is near the $2,500 level. The next major resistance is near $2,550, above which the price might rise and test the $2,620 resistance.
If the bulls remain in action, they could even push the price above the $2,620 resistance. In the stated case, the price could rise toward the $2,700 level.
ANOTHER BEARISH WAVE IN ETH?
If Ethereum fails to clear the $2,460 resistance, it could start a downside correction. Initial support on the downside is near the $2,435 level and the trend line.
The next key support could be the $2,400 zone or the 50% Fib retracement level of the recent wave from the $2,352 swing low to the $2,463 high. A clear move below the $2,400 support might send the price toward $2,375. The main support could be $2,350. Any more losses might send the price toward the $2,240 level.#ETH #ETH/USDT.P #ethi #ETH+ALT
Ethereum price saw a steady increase after it broke the $2,350 resistance. ETH climbed above $2,400 and tested the $2,460 zone. A high was formed near $2,463 and the price is now consolidating gains, while Bitcoin extended its increase above the $45,000 level.
Ether is trading above the 23.6% Fib retracement level of the recent wave from the $2,352 swing low to the $2,463 high. There is also a major bullish trend line forming with support at $2,435 on the hourly chart of ETH/USD.
Ethereum is now trading above $2,400 and the 100-hourly Simple Moving Average. If there is a fresh increase, the price could surge above the $2,460 level. On the upside, the first major resistance is near the $2,500 level. The next major resistance is near $2,550, above which the price might rise and test the $2,620 resistance.
If the bulls remain in action, they could even push the price above the $2,620 resistance. In the stated case, the price could rise toward the $2,700 level.
ANOTHER BEARISH WAVE IN ETH?
If Ethereum fails to clear the $2,460 resistance, it could start a downside correction. Initial support on the downside is near the $2,435 level and the trend line.
The next key support could be the $2,400 zone or the 50% Fib retracement level of the recent wave from the $2,352 swing low to the $2,463 high. A clear move below the $2,400 support might send the price toward $2,375. The main support could be $2,350. Any more losses might send the price toward the $2,240 level.#ETH #ETH/USDT.P #ethi #ETH+ALT
NFTs Are Worthless? Why Gmoney Took Out a $1 Million Loan on His CryptoPunk
Gmoney tells Rug Radio’s “FOMO Hour” why he opted to borrow against one of the most recognizable PFPs in crypto.
Mainstream media reports might tell you that NFTs are dead, but the holder of a CryptoPunks NFT said he wanted to prove them wrong—by taking out a seven-figure loan on one of the rarest assets in the prominent profile picture (PFP) collection.
“Here we are, four or five months removed from an article in Rolling Stone saying that NFTs are worthless,” collector and entrepreneur Gmoney said today on Rug Radio’s live “FOMO Hour” show. “And so I was like, ‘Well, what better way to show that these are not worthless if I can get a million-dollar loan against an NFT, right?”
Gmoney, the pseudonymous founder and CEO of connected fashion brand 9dcc, is known in the crypto world as someone who has made sizable bets on high-value assets. And he’s amassed a sizable following in the process, making his PFP even more recognizable.
His CryptoPunk #8219 is one of just 24 Apes in the entire 10,000 NFT collection, and others have sold for as much as $10 million in the past. CryptoPunks start at a price of nearly $140,000 worth of Ethereum on secondary marketplaces as of this writing, but sale prices for rare assets in the collection can still deliver a sizable multiple of that.
#Write2Earn
#BTC
#sanor016CommUNITY
$ETH
#ethi
Gmoney tells Rug Radio’s “FOMO Hour” why he opted to borrow against one of the most recognizable PFPs in crypto.
Mainstream media reports might tell you that NFTs are dead, but the holder of a CryptoPunks NFT said he wanted to prove them wrong—by taking out a seven-figure loan on one of the rarest assets in the prominent profile picture (PFP) collection.
“Here we are, four or five months removed from an article in Rolling Stone saying that NFTs are worthless,” collector and entrepreneur Gmoney said today on Rug Radio’s live “FOMO Hour” show. “And so I was like, ‘Well, what better way to show that these are not worthless if I can get a million-dollar loan against an NFT, right?”
Gmoney, the pseudonymous founder and CEO of connected fashion brand 9dcc, is known in the crypto world as someone who has made sizable bets on high-value assets. And he’s amassed a sizable following in the process, making his PFP even more recognizable.
His CryptoPunk #8219 is one of just 24 Apes in the entire 10,000 NFT collection, and others have sold for as much as $10 million in the past. CryptoPunks start at a price of nearly $140,000 worth of Ethereum on secondary marketplaces as of this writing, but sale prices for rare assets in the collection can still deliver a sizable multiple of that.
#Write2Earn
#BTC
#sanor016CommUNITY
$ETH
#ethi
Ethereum Market Analysis
Ethereum’s (ETH) price movement is also in an uptrend, supported by the Alligator indicator with its three lines aligned and moving upwards. The recent candlesticks are trading above the Alligator’s jaw (the blue line), reinforcing the bullish trend.
However, the Relative Strength Index (RSI) is above the 50 level. Still, it has turned down from the overbought territory, suggesting that while the trend is bullish, there might be a temporary pullback or consolidation on the Ethereum price in the near term. The Ethereum price is currently at 2482 representing a 0.3% increase from its previous 24-hour price.
#sanor016CommUNITY #Write2Earn #ethi
Ethereum’s (ETH) price movement is also in an uptrend, supported by the Alligator indicator with its three lines aligned and moving upwards. The recent candlesticks are trading above the Alligator’s jaw (the blue line), reinforcing the bullish trend.
However, the Relative Strength Index (RSI) is above the 50 level. Still, it has turned down from the overbought territory, suggesting that while the trend is bullish, there might be a temporary pullback or consolidation on the Ethereum price in the near term. The Ethereum price is currently at 2482 representing a 0.3% increase from its previous 24-hour price.
#sanor016CommUNITY #Write2Earn #ethi
BTC emergency update 🚨🚨🚨🚨🚀
The current outlook for Bitcoin suggests a potential breakthrough after a prolonged period of range trading.
Analyzing the charts, there's a discernible bullish trendline, forming a promising pattern on both hourly and daily time frames.
Forecasts indicate a retest around 43,800 in the upcoming hours.
A successful breakout could propel BTC towards 48,000 in the coming days.
However, failure to breach 43,500 might sustain range trading. For trading strategies, consider shorting if the trendline is breached, or wait for a 43,800 retest if 43,500 holds.
While the market could fluctuate between 42,400 to 43,500, key factors lean toward a 50-60% chance of retesting 43,800. Stay tuned for updates and adapt your trades accordingly to market dynamics.
#BTC; #ethi #XMR
The current outlook for Bitcoin suggests a potential breakthrough after a prolonged period of range trading.
Analyzing the charts, there's a discernible bullish trendline, forming a promising pattern on both hourly and daily time frames.
Forecasts indicate a retest around 43,800 in the upcoming hours.
A successful breakout could propel BTC towards 48,000 in the coming days.
However, failure to breach 43,500 might sustain range trading. For trading strategies, consider shorting if the trendline is breached, or wait for a 43,800 retest if 43,500 holds.
While the market could fluctuate between 42,400 to 43,500, key factors lean toward a 50-60% chance of retesting 43,800. Stay tuned for updates and adapt your trades accordingly to market dynamics.
#BTC; #ethi #XMR
Ehtereum seems to be holding its structure nicely, if BTC goes sideways without a deep correction I would expect ETH to go to 2690. If the mid range order block flips a retest into order block would be an entry targeting range high.
#ethi #ETH/USDT.P #Ethereum...
#ethi #ETH/USDT.P #Ethereum...
ETHEREUM PRICE RALLIES 5%, WHY ETH BULLS COULD AIM FOR $3K THIS MONTH.
Ethereum price remained stable above the $2,420 resistance. ETH formed a base and started a fresh increase above the $2,500 resistance, outperforming Bitcoin.
There was a break above a bullish flag pattern with resistance at $2,500 on the hourly chart of ETH/USD. The pair gained over 5% and there was a clear move above the $2,600 resistance. It even moved toward the $2,700 level. A high was formed near $2,681 and the price is now consolidating gains.
There was a minor decline below the $2,660 level. Ethereum is still trading above the 23.6% Fib retracement level of the recent rally from the $2,472 swing low to the $2,681 high. It is also trading above $2,620 and the 100-hourly Simple Moving Average.
If there is a fresh increase, the price could surge above the $2,660 level. On the upside, the first major resistance is near the $2,680 level. The next major resistance is near $2,720, above which the price might rise and test the $2,800 resistance.
If the bulls remain in action, they could even push the price above the $2,800 resistance. In the stated case, the price could rise toward the $3,000 level.
ARE DIPS LIMITED IN ETH?
If Ethereum fails to clear the $2,680 resistance, it could start a downside correction. Initial support on the downside is near the $2,630 level.
The next key support could be the $2,600 zone. A clear move below the $2,600 support might send the price toward $2,575 or the 50% Fib retracement level of the recent rally from the $2,472 swing low to the $2,681 high. The main support could be $2,520 or the 100 hourly SMA. Any more losses might send the price toward the $2,400 level.$ETH #ETH #ETH/USDT.P #ethi
Ethereum price remained stable above the $2,420 resistance. ETH formed a base and started a fresh increase above the $2,500 resistance, outperforming Bitcoin.
There was a break above a bullish flag pattern with resistance at $2,500 on the hourly chart of ETH/USD. The pair gained over 5% and there was a clear move above the $2,600 resistance. It even moved toward the $2,700 level. A high was formed near $2,681 and the price is now consolidating gains.
There was a minor decline below the $2,660 level. Ethereum is still trading above the 23.6% Fib retracement level of the recent rally from the $2,472 swing low to the $2,681 high. It is also trading above $2,620 and the 100-hourly Simple Moving Average.
If there is a fresh increase, the price could surge above the $2,660 level. On the upside, the first major resistance is near the $2,680 level. The next major resistance is near $2,720, above which the price might rise and test the $2,800 resistance.
If the bulls remain in action, they could even push the price above the $2,800 resistance. In the stated case, the price could rise toward the $3,000 level.
ARE DIPS LIMITED IN ETH?
If Ethereum fails to clear the $2,680 resistance, it could start a downside correction. Initial support on the downside is near the $2,630 level.
The next key support could be the $2,600 zone. A clear move below the $2,600 support might send the price toward $2,575 or the 50% Fib retracement level of the recent rally from the $2,472 swing low to the $2,681 high. The main support could be $2,520 or the 100 hourly SMA. Any more losses might send the price toward the $2,400 level.$ETH #ETH #ETH/USDT.P #ethi
🕵🏻Per a Coingecko study, Europe dominates the global Ethereum (ETH) ETF scene with an 81.4% market share.
The area has 13 ETH-backed ETFs split across spot products and futures funds, amounting to $4.6 billion in assets under management (AUM).
Canada is also a big market for ETH
ETFs and commands a 16.6% market share of $949 million in AUM. ETFs have also become a gateway into crypto for many Canadian investors. Local regulators introduced stricter measures on crypto companies, leading to an exodus of exchanges like Binance and Bitstamp.
Global ETH ETF AUM stood at $5.7
billion as of Feb. 2, spread over 27 ETFs featuring both spot and futures funds.
European Ethereum ETFs have traded since 2017, when Grayscale launched its ETH trust (ETHE). However, Grayscale's fund was excluded from the study due to its close-ended structure.
The company was engaged with the
U.S. Securities and Exchange Commission (SEC) over converting ETHE to a spot Ethereum ETF, but a decision was delayed till May, crypto.news reported.
💰💰💰💰
#sanor016CommUNITY #ethi $ETH 🫡
The area has 13 ETH-backed ETFs split across spot products and futures funds, amounting to $4.6 billion in assets under management (AUM).
Canada is also a big market for ETH
ETFs and commands a 16.6% market share of $949 million in AUM. ETFs have also become a gateway into crypto for many Canadian investors. Local regulators introduced stricter measures on crypto companies, leading to an exodus of exchanges like Binance and Bitstamp.
Global ETH ETF AUM stood at $5.7
billion as of Feb. 2, spread over 27 ETFs featuring both spot and futures funds.
European Ethereum ETFs have traded since 2017, when Grayscale launched its ETH trust (ETHE). However, Grayscale's fund was excluded from the study due to its close-ended structure.
The company was engaged with the
U.S. Securities and Exchange Commission (SEC) over converting ETHE to a spot Ethereum ETF, but a decision was delayed till May, crypto.news reported.
💰💰💰💰
#sanor016CommUNITY #ethi $ETH 🫡
#ethi #ust #freeMining #Rewards
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#BTC; #USDT. #Trx #ethi
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#BTC; #USDT. #Trx #ethi
🚨🚨🚨 BITCOIN BIG PUMP AGAIN 🚨🚨🚨
🚨🚨WHAT GOING NEXT 55000💲 🚨🚨
⛔⛔⛔BTC Price prediction is truth ⛔⛔⛔
Valentine's Day gift for bitcoin price going up and this is happy movement all trader in Bullish trading.
Positive sentiment has returned to crypto after big outflows from the Grayscale Bitcoin ETF suppressed sentiment over the past month. Not only are those outflows waning, but inflows are increasing. Additionally, bitcoin caught a bid last week from the stock market, where the S&P 500 passed 5,000 last week.
#Write2Earn #BTC #sol #ethi
#btcnews99
🚨🚨WHAT GOING NEXT 55000💲 🚨🚨
⛔⛔⛔BTC Price prediction is truth ⛔⛔⛔
Valentine's Day gift for bitcoin price going up and this is happy movement all trader in Bullish trading.
Positive sentiment has returned to crypto after big outflows from the Grayscale Bitcoin ETF suppressed sentiment over the past month. Not only are those outflows waning, but inflows are increasing. Additionally, bitcoin caught a bid last week from the stock market, where the S&P 500 passed 5,000 last week.
#Write2Earn #BTC #sol #ethi
#btcnews99
