Ether extended its gains over the past 24 hours as investors now expect an approval of Van Eck’s application for a spot Ether exchange traded fund (ETF) as early as today or by tomorrow at the latest. This would be the first of nine similar applications to be approved by the Securities and Exchange Commission (SEC). “ If they approve the Ethereum ETF, they are...
Ether (ETH) has surged 20% to over $3,829 as favorable regulatory developments increase the likelihood of ETF approval. CoinDesk 20, tracking the largest digital assets, rose nearly 8% amid positive regulatory progress on Ether ETFs. The Securities and Exchange Commission (SEC) has made abrupt progress in the approval of a Ether ETF by asking exchanges to update...
Traders, I'm seeing this on the Bitcoin chart as well (future post). But here on Ethereum we are in a bullish descending wedge. It should break to the upside soon. However, careful going all in just yet. My spiny senses are telling me we could have one more liquidation of longs incoming before all lights are green. Our .618 fib level seems to be holding well so,...
This can be play out as a correction and confirmation of breakout, may be not a major one. Not financial advice.
Keep an eye on these down sloping trend lines as well as these horizontals before you get overly Bullish on this bounce and or watch them as areas your playing the bounce to. Until proven wrong and or Big enough move on volume to really jump above these and then back test and turn the $3400 range into support we are still just going DOWN. Playing these levels...
Ethereum is bearish in the daily chart and can decline to $2,819, where price action will be very important. The ETHUSD chart has to push up to above $3,006 into the daily range zone towards $3,354, a critical daily resistance. A sustained price action that we see below $3,006 confirms the weakness, potentially triggering a bearish momentum targeting $2,597.
Ethereum ( CRYPTOCAP:ETH ) experienced a sharp price decline on Friday, following data revealing its underperformance compared to Bitcoin ( CRYPTOCAP:BTC ). Despite recent Wells notices to crypto firms, JP Morgan analysts predict spot ETH ETFs will likely be approved. The SEC's recent Wells notices to Robinhood Crypto, Consensys, and Uniswap do not pose a...
Indecisiveness persists in the intraday chart as Ethereum hovers around $2,992, an intraday support zone. 1. A bullish rejection of $2,992 with momentum could offer a scalping opportunity, targeting $3,166, $3,370, and possibly extending to $3,551. 2. Closing H4 candles below $2,992 raises the likelihood of a downside move towards $2,898 and $2,787. 3....
SEC postpones yet another decision on a spot Ether ETF application 🙄 The Securities and Exchange Commission (SEC) has postponed its decision regarding the application of Invesco Galaxy’s spot ETH ETF to July 5. The US regulator had already delayed its decision regarding Van Eck’s similar application to May 23 and that of Franklin Templeton’s to June 11. Few...
As long as the red box is not broken, it can see any of the lower green lines. I think the market is a bit risky. Be careful.
After failing to re-claim $3,166 yesterday, we saw a decline towards $2,992 zone. From its current location, the price can move in either direction. A bullish move towards and break-out of $3,166 followed by a re-test of this level will offer a long scalping opportunity towards $3,370 and, possibly higher, to $3,551. A bearish break-out of $3,354 will lead...
Trading Setup: A Trading Signal is seen in the ETHUSDT Ethereum (Futures) (h1) Traders can open their Buy Trades NOW ⬆️Buy now or Buy on 2934.0 ⭕️SL @ 2848.5 🔵TP1 @ 3145.6 🔵TP2 @ 3364.4 🔵TP3 @ 3729.4 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk...
#ETHUSDT appears to be forming a bull flag pattern. A bullish signal will confirm if we see a close above the blue 75 EMA and a breakout from the flag. Until then, consider this a retest of the dotted trendline. Let's wait for the weekly candle to close for more clarity, as the 75 EMA has proven quite reliable on the daily chart! NFA, DYOR! Please hit the...
Hello Traders and Investors, today I will take a look at Ethereum . -------- Explanation of my video analysis: In 2022 Ethereum perfectly retest the previous cycle high which was roughly at the psychological $1.000 level. Here Ethereum also created bullish confirmation, indicating a potential reversal towards the upside. At the moment Ethereum is retesting...
The Ethereum (ETH) price action against the US Dollar (USD) presents an interesting conundrum for traders. Recent price movements suggest a potential turning point, and the decision of whether to long (buy) or hold ETHUSD hinges on several key factors. Prior High as Support: A Bullish Signal? The current price of ETHUSD sits above a crucial support level – the...
In the US, there were outflows from the spot Bitcoin exchange traded funds (ETFs) for the sixth consecutive day. “We have seen six consecutive days of outflows, and as the average entry price ($57,300) approaches the current spot price ($59,800), we will likely see more ETF unwinding. Since March 18, the ETFs have seen outflows on 58% of all trading days,” 10x...
As Ethereum ( CRYPTOCAP:ETH ) attempts to stage a comeback following a recent downturn, the cryptocurrency market finds itself at a crossroads, influenced by a multitude of factors ranging from regulatory uncertainty to macroeconomic trends. The recent decision by the Federal Reserve not to tamper with interest rates provided a brief respite for CRYPTOCAP:ETH 's...
May approvals of spot ETH ETFs in the US seem out of question. The meetings held between the asset managers that have filed spot Ether ETF applications and the Securities and Exchange Commission (SEC) have been one-sided and discouraging, CryptoSlate reports. This is in stark opposition to the meetings held ahead of the SEC’s approval of spot Bitcoin ETFs in...