Since the start of the year, Ethereum's (ETH) price has followed a 145-day low-to-low cycle that now calls for a rally in December. Historically, the Ethereum price has a clear seasonality, with a tendency to produce high median returns in December.
ETH 145-Days Cycle
This cycle shows ETH's tendency to bottom every 145 days or so. ETH's price has followed this...
As the merge from proof of work to proof of stake gets closer for Ethereum there has been a bullish relief wave hitting the market. I do believe that Ethereum is leading the charge in this relief rally as the merge will have a major impact on the entire cryptocurrency market.
Ethereum on the weekly looks like it's on an up trend to hitting $2200, but be...
News of record high inflation and the federal reserve's plan to increase interest rates this year has a lot of people worried that a recession (probably on a global scale) is coming this year. After over a decade of constant growth in the US stocks and real-estate markets, we're finally going to see the bubble pop. GDP is down, governments are broke, and
I would...
Did a quick vid on the coin with the latest hype, Polygon/MATIC. I get a lot of spam regarding new coins but after doing some research I came to the conclusion that it has something going for it. The short list:
- Has support from Marc Cuban
- Solves a real problem (high fees)
- Is already in use, has real users/developers
- Founders are immigrants (this is a...
Hi friends, hope you are well and welcome to the Ethereum.
A powerful breakout:
Previously I shared two major moves with you in 2020. One was the Ethereum coin found a weak Ichimoku bearish cloud resistance on the weekly chart and it was expected that this time the Ethereum will breakout this cloud with a powerful bullish divergence.
The second was the big...
ETH investors received a nice gift over the weekend. Raising the price by almost 60% , buyers easily broke the critical range, which we wrote about in the previous idea - $800-840 .
Having set a new local high of $1162 , buyers felt resistance in the range of $1123-1156. In the 15-minute timeframe, you can clearly see how the volumes started to increase in...
BTC's local weakness, after setting a new historical high, gave ETH buyers a chance to come out of the shadows.
On December 27, during the two hours of active sales of BTC at highs showed that many people want to keep the price of BTC. During the stoppage of growth in the BTC market, ETH buyers raised the price by 10% in 3 hours. The initiative of buyers...
Silver of the crypto market - ETH decided to keep up and follow BTC.
But it seems to us that the ETH high in the near future will be fixed in the zone $600-612.
The level is as high as $780 and it is too early to think about it.
Most likely, the zero phase of ETH 2.0 will not start on time , because now only 240 thousand ETH is blocked, and the condition for...
Goooood morning traders
Ethereum is possibly shaping up for some buying activity around the $190-180 level.
If you move down to the shorter TF you can see that bearish momentum is slowing down and we can currently see a 5 drive pattern in the making which would end right in the level I spoke of.
As always, keep the risk managed!
Cheers :D
