US Court Paves Way for Spot Bitcoin ETF in Grayscale Ruling
Ruling by appeals court overturns decision by SEC to block ETF
Bitcoin surged by as much as 6% on release of opinion
www.bloomberg.com
stocktwits.com
CRYPTOCAP:ETH on the other hand has the LOWEST amount of shorts in a LONG TIME!!!
Daily it looks like $BTC. At least in the sense that it wants to push a little bit higher.
#ETH targets are in the 2500-2600 & 3k area.
IF #ethereum can break above the Major Resistance right above, 2300ish area, it's off to the races!!
#crypto
📉This graph shows the average price of the main ETF's in the cryptocurrency sector, and their correlation with Bitcoin.
🟢These are the ETF's aggregated here:
PROSHARES BITCOIN STRATEGY ETF
GRAYSCALE BITCOIN TRUST (BTC)
GRAYSCALE ETHEREUM TRUST (ETH)
AMPLIFY TRANSFORMATIONAL DATA SHARING ETF (BLOK)
BITWISE 10 CRYPTO INDEX FUND (BITW)
GLOBAL X BLOCKCHAIN ETF...
We appear to be experiencing the late-stage of Grayscale Solvency FUD, Anti-Barry Silbert FUD, and peak macro-doomer saturation
If true then the trend could reverse and give opportunity for 100-400% upside. Take a Look at the performance of Grayscale ETCG from its 2018-2019 lows to highs that occured mid-cycle, pre-bull run (More than 500-600%...
This is the Ethereum ETF. ETHE is showing strength similar to Bitcoin.
Notice how ETHE closed below the 21-day exponential moving average (blue line on chart) on August 1st. It came right to previous resistance and bounced hard on high volume the very next day.
This is what I want to see – aggressive buyers taking advantage of temporary price drops.
I took a...
Grayscale Ethereum Trust ETF appears to be forming a giant head/shoulders. If it continues in that direction, this would make it bullish in the near-term, up to around 20-21.
After hitting 20-21, pay attention to whether it succeeds or fails in confirming the pattern and the succeeding in staying below neckline lows or failing and moving back above the right...
Hey traders,
Looking at the daily time frame of ETHE here, if Ethereum can continue its move upwards, we can expect to see a $ 12 price target for ETHE.
At the moment, ETHE by itself is -44% Discount to NAV which means you’re essentially buying Ethereum spot price around $1000.
The $ 8.78 support level has held and i’m expecting that to before this move up...
This is an ecosystem of software, but markets are a fierce competitive battle ground between native assets.
Zcash has structured a rounded bottom vs Ethereum and now awaits an unequivocal reversal move. it may happen with virality, or it may happen responsibly.
The bad situation for ZEC bulls is that Zcash remains an eternal loser.
Catalysts ahead: ...
eth is major moveing 2000 by 2023 i believe that ehereum is one of thee best coins ever created by bog margloe i love to watch you grow and just lieke fonclow i will watch my money rize and destroy all opposing foes broes beat ,y woes
#BTC is now above the Head & Shoulders trendline from November 2021.
This is now the 6th attempt the bulls have had to break the trendline which makes it quite important.
The Head & Shoulders Pattern can "Fail" once buyers reclaim the original trendline in which the price started to break down from, once price moves above this line many traders often start to...
Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Grayscale Ethereum Trust (ETHE).
The chart is self-explanatory. Price has been moving in a Descending Parallel Channel. It broke down from a Multi-month support line now resistance and may go back up for a re-test. The RSI also looks like it may be going back down to...
So everyone is scared, just like the last time this big buyer came in.
Some one sees a low RSI and dramatic drop and they buy and then sell at 90% profit.
Now that SQQQ has had its run up (finally) some tech can bubble back up in small select areas. If an announcement about the progress of Ethereum 2.0 comes out then this thing will move. People are saying Eth...
ETH ETHE Grayscale Ethereum Trust Weekly
Long idea with time for dollar cost averaging in to the buy zone on ETHE.
looking at FIBO retrace levels to hold on ETH at 3k - would translate to support at $22 for ETHE and a possible long term positive buying opportunity.
as always with caution and good luck! please like and comment
Hello friends, today you can review the technical analysis on the 1W chart for Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE).
1) Both GBTC and ETHE are heavily invested into the crypto markets through Grayscale.
2) With the crypto market correction, prices of both GBTC and ETHE may fall as well.
3) Both charts show the Fibonacci Retracement...
GBTC (Grayscale Bitcoin trust) is the only form of pure exposure to Bitcoin for stock trading accounts. The biggest problem GBTC had in its inception and during the bull market of 2016 - 2017 was how many Bitcoins were held in the trust in relation to its stock price. At the height of the crypto rally in 2017, GBTC was trading in the vicinity of a 100%+ premium to...
Hello my friend .
Many people know the meaning of this chart.
But if you do not know or have forgotten, as a reminder, this chart shows the total value of the crypto market! It tells us that the overall market trend is bullish, neutral, or bearish!
As you can see, generally in the weekly time frame, we are on an upward channel!
But it should be noted that the...
