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ETHBTC

ETHBTC 2023 Weekly AnalysisA weekly panorama of ETHBTC. Looking good in the long term. As of now, Ethereum is slowly outperforming BTC but we are not quite there yet. The ETHBTC trading pair is often used by cryptocurrency traders and analysts to determine the beginning of an "alt season." An alt season refers to a period when alternative cryptocurrencies, or "altcoins," outperform Bitcoin in terms of price gains. The reason why the ETHBTC trading pair is used to determine alt seasons is because Ethereum is considered a key indicator of the health of the altcoin market. This is because Ethereum is the most popular platform for creating decentralized applications (dApps) and smart contracts, and many altcoins are built on the Ethereum blockchain. When the ETHBTC ratio is increasing, it means that Ethereum is outperforming Bitcoin, which can be a sign that altcoins are gaining momentum. This is because as Ethereum gains value, it attracts more attention and investment from traders and investors, which can spill over into the wider altcoin market. Conversely, when the ETHBTC ratio is decreasing, it can be a sign that the altcoin market is losing momentum and that investors are flocking back to Bitcoin, which is seen as a safer and more stable investment. In summary, the ETHBTC trading pair is used to determine alt seasons because it reflects the relative performance of Ethereum and Bitcoin, and Ethereum is considered a key indicator of the health of the altcoin market. When Ethereum is outperforming Bitcoin, it can be a sign that the altcoin market is gaining momentum, while when Ethereum is underperforming Bitcoin, it can be a sign that the altcoin market is losing steam.
Long
by CryptoGao1
1
ETHBTC About to bottom and Ethereum to outperform?We haven't looked into the ETHBTC pair in a while but there is no better time than now, in the build up of what the market calls an 'alt season'. As you see the pair hit its 1D MA50 (blue trend-line) this week after a strong rebound on the RSI from below the 30.00 oversold barrier. Last time that happened was on June 13 2022. The Fibonacci levels help at identifying key Support and Resistance levels within this two year horizon very effectively. The question is, do we have one last Lower Low on the 1D RSI trend-line before ETH starts outperforming BTC again? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
#Ethereum Adds 10% versus Bitcoin as Traders Target 0.072 BTCPast Performance of ETHBTC After underperforming Bitcoin throughout Q1 2023, dropping roughly 20% in three months, the tide is beginning to change. ETH buyers are in control when writing, checking the performance in the daily chart. As it is, ETH is up 10% from March lows. At this pace, and with ETH prices breaking out versus Bitcoin, traders can look to add to their longs, riding the emerging trend. #ETHBTC Technical Analysis The path of least resistance is northwards as Ethereum recovers after sharp losses in Q1 2023. Critical support lies at March lows at 0.062BTC while a reaction line traders should watch is 0.065 BTC. With prices above the middle BB, every dip is a loading opportunity, with targets set at mid-March 2023 high at around 0.072 BTC. Per the formation in the daily chart, traders can look to buy the dips as momentum picks up. Already, bull bars appear to band along the upper BB, a possible opportunity for bulls. What to Expect from #ETHBTC? The ETH rally is driven by fundamentals as network users look forward to Shanghai. At this pace, ETH may peel back losses posted versus BTC, retest March highs, and even push back to Q1 2023 highs and primary resistance at 0.077 BTC. Resistance level to watch out for: 0.072 BTC Support level to watch out for: 0.065 BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
1
Need to confirm movement around April 3rdHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ETHBTC 1W Chart) It is showing a decline without being able to overcome the rise of BTC. Therefore, it is necessary to check whether it can rise above 0.067660. If not, you should check for support around 0.057192. ----------------------------------------------- (ETHUSDT chart) (1M chart) The key is whether the price can be sustained by rising above the MS-Signal indicator. This is because maintaining the price above the MS-Signal indicator means that there is a high possibility of continuing the upward trend in the long term from a trend perspective. However, since the HA-High indicator is located at 3321.30, it is expected that the HA-High indicator will fall by shaking it up and down. (1W chart) Like the BTC chart, it has risen above the M-Signal indicator on the 1M chart. Therefore, the key is whether the price can be maintained above the M-Signal indicator. If that fails, you should check for support around 1611.62. (1D chart) I mentioned that the period between February 27th and April 3rd is important, but now that period is about to close. During the above period, it is necessary to confirm that the price can maintain the price by rising above 1879.61. If the price holds above 1879.61, it is expected that an upward movement towards 2531.05 will begin. If it fails to rise above 1879.61, 1st: 1572.69 2nd : 1340.12-1460.54 You need to check if it is supported in the vicinity of the 1st and 2nd order. We need to see what kind of movement will come out with the volatility around April 3rd. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
1
Big altcoin move incomingThe ETHBTC chart is very helpful for identifying when altcoins are about to have a strong move, the reason for that is because Ethereum tends to run the entire altcoin market. It isn't a perfect indicator, but in general if ETH is performing well, then so are many other altcoins. ETHBTC is currently retesting a resistance line that it broke below. This is technically a bearish retest, but if ETHBTC can break higher, this could be the opportunity for much of the money in the market to flow into the altcoins. However, on the other hand, if this bearish retest is confirmed it could be very bad for the altcoin market. This isn't something I would front-run a trade on, but gives us some insight that the next move in the market could be a large one. And it's always good to revisit BTC outlook to see how these may overlap. And in the chart below we can see BTC is still in the range that we have been watching for over a week now. So the scenarios that could play out are the following: ETHBTC bearishly retests and BTC breaks lower, altcoins will get crushed if this happens ETHBTC bearishly retests and BTC breaks higher, altcoins will likely not trade very well. This is similar to some of the altcoin trading we've had in the last few weeks. ETHBTC breaks higher and BTC breaks lower, altcoins could be difficult to trade in this scenario as well, likely a mix between some bleeding out, some moving higher, and some stationary. ETHBTC breaks higher and BTC breaks higher, altcoins will see significant upside if this happens. My motive in these scenarios as I've mentioned in recent posts, is just to remain on the sidelines. I only like to trade when there is a clear advantage on my side and I don't currently see it. So rather than betting on one side, I opt to just keep my capital safe. Happy trading!
by Obscure_Trading
1
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Ethereum (ETH) continues to trade above the $1,800 level, with traders still targeting a breakout above a key resistance level. ETH/USD rose to a high of $1,819.29 earlier in today’s session, which comes after an earlier bottom at $1,765.52. As a result of today’s jump, ethereum bulls attempted to move towards a ceiling at $1,825, however, momentum has since eased. This comes as earlier bulls seemingly abandoned their positions as the RSI ran into a wall at the 60.00 level. At the time of writing, price strength is now at the 57.77 mark, with the next visible ceiling around the 62.00 regions. In addition to this, the 10-day (red) moving average is now nearing a downward cross with its 25-day (blue) counterpart, which could signal upcoming price weakness. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
1
Ethereum - Secret bear flag! (70% crash target) Ethereum shows a lot of weakness on the major timeframe. You can see that the downtrend was pretty steep, and now we are in a bullish correction / consolidation. The chart is printing a big bearish flag or ascending parallel channel, and I think we should test the upper trendline first before continuing lower below 900 USDT. The bear flag is a little bit hidden, but you can spot it with a little skill. We have been consolidating within this bear flag for almost a year now. At least a 30% pump is very possible at this moment, and it will be a great time to take profits before a huge crash! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. You can see my Elliott Wave count on the chart. I don't know whats yours, but you can take some inspiration. A lot of people are very bullish at this moment, but the chart does not look bullish. A trendline from 2015 on the ETHBTC chart is breaking down, which is a significant bearish technical event. Make sure you check out the trendline in the related section down below! I can say that the majority of people are refusing to accept the fact that ETH and BTC could continue in the bear market. I can see it below my previous posts in the comment section, so I can make a pretty accurate conclusion. I also use this indicator for my analysis. The major crash could occur in September 2023 or later. Now I think ETH will go up by 30%, even though I am not going to speculate on any longs at this point on ETH. Choose some better altcoins, such as WAVES! Thank you, and for more ideas, hit "Like" and "Follow"!
by UnknownUnicorn2537518
56
The key is whether the price can sustain the rise above 1879.61Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ETHBTC 1W Chart) The question is whether the price can sustain the move above 0.072484. To do so, we need to see if it can rise above 0.067660. ----------------------------------------- (ETHUSDT chart) ------------------------------------------- (1W chart) The key is whether the price can be maintained above the M-Signal indicator on the 1M chart. (1D chart) The question is whether it can rise above 1879.61. If price holds above 1879.61, I would expect a move towards 2531.05. However, there is a possibility of resistance around 2196.53, so you need to think about countermeasures against this. If it fails to rise, you should check for support around 1340.12-1460.54. The 1M chart's M-Signal, or MS-Signal indicator, is an indicator created to see trends. Therefore, holding the price above the MS-Signal indicator indicates a strong uptrend. The HA-Low and HA-High indicators are created for trading. Therefore, being supported by the HA-Low and HA-High indicators means that buying is possible. A decline from the HA-Low indicator can be interpreted as a possibility of renewing the recent low. Being supported by the HA-High indicator can be interpreted as a possibility of renewing the recent high. If you are resisted by the HA-High indicator and fall, there is a possibility of touching the HA-Low indicator, so you need to think about countermeasures. The 1879.61 point is the previous HA-High indicator point on the 1M chart. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
Why to follow 🌉Arbitrum🌉 (ARB)❗️❓As I have said before, I evaluate crypto projects based on various factors.👇 I have already introduced each of these factors with a brief explanation, so today, I will be looking at Arbitrum (ARB) , which will launch on Binance exchange on March 23rd. That is tomorrow. 🔥Let’s get into it: 🔰🔰🔰🔰🔰🔰 ✅ Projects Goals : Technically, Arbitrum is an optimistic roll-up on Ethereum. To put it more simply, it is a suite of scaling solutions that provides faster speeds at a significantly lower cost, with the same level of security as Ethereum. Since Ethereum users were very inconvenient during the last bull run due to the ridiculously high gas fees they had to pay, Arbitrum and other Layer2️⃣ scaling solutions became extremely necessary for the growth of user adoption in DeFi. That is why I have scored Arbitrum’s goals 10/10. ✅ Founders : Arbitrum is built by a company called Offchain Labs. Ed Felten, Steven Goldfeder, and Harry Kalodner are the co-founders of OffChain Labs🔬 and hence Arbitrum. Ed Felten is a computer science and public affairs professor at Princeton University. Steven Goldfeder has received a Ph.D. in philosophy from Princeton University, where he also worked at the intersection of cryptography and cryptocurrencies. Harry Kalodner also holds a Ph.D. in Computer Science from Princeton University. The co-founders' academic level and work experience made me score a 10/10 for the Arbitrum founders. ✅ Github : Since the founders are experienced computer scientists, users who are not tech-savvy don’t have to worry about Arbitrum’s code. The team is constantly working on updates to improve the Arbitrum networks🌐 making them easier to use with faster and cheaper transactions. But since there is still much more room to grow, the experts at I have scored Arbitrum’s Github 9/10. ✅ Inflation Rate : Arbitrum's $ARB token has a total supply of 10 billion and a maximum annual inflation rate of 2%. This is a decent inflation rate, so I have scored $ARB’s inflation rate 8/10. ✅ Community : Arbitrum’s user base mainly consists of OG Ethereum users who often transacted on Ethereum and started using Arbitrum due to the high gas fees. The Twitter account of Arbitrum has more than 610K followers👨‍🦰, and their Discord channel has more than 320K members. Also, with the launch of $ARB on March 23, the governance of Arbitrum starts, which enables the community to make decisions by themselves to grow the community further. This is why I have scored Arbitrum’s community 9/10. ✅ Whitepaper : Arbitrum’s whitepaper clearly states the project’s vision to the readers: providing scaling solutions to increase transaction speed and lower costs while staying as secure as Ethereum. The Arbitrum team has achieved many milestones till now and continues to do so, like the upcoming governance launch. This is why I have scored Arbitrum’s whitepaper 10/10. ✅ Developers : Since Arbitrum was founded by experienced computer scientists, the devs building Arbitrum are top quality which can also be realized by the number of projects building their DeFi protocols on Arbitrum. This is why I have scored Arbitrum’s developers 9/10. ✅ Tokenomics : The $ARB token distribution is as follows: 11.62% is airdropped to individual wallets, 1.13% is allocated to DAOs in the Arbitrum ecosystem, 17.53% goes to investors, 26.94% is allocated to the team, and future team, advisors, and the remaining 42.78% stays in the DAO treasury which can be governed by $ARB holders. This is an extremely fair token distribution, with the founding team receiving less than 30% of the total supply, so I have scored Arbitrum’s tokenomics 10/10. ✅ Venture Capital Investors : Arbitrum has a long list of VC investors, including Pantera Capital, Coinbase Ventures, Alchemy Ventures, and many more, which shows the credibility and the great vision of Arbitrum. This is why I have scored Arbitrum’s VC investors 10/10. ✅ Competitors Comparison : Arbitrum is one of the largest roll-ups providing scaling solutions for Ethereum, with over 3.5 million unique addresses on Arbitrum. But as an optimistic roll-up, Arbitrum faces heavy competition from other optimistic roll-ups like Optimisim and even ZK (Zero Knowledge) roll-ups. Each roll-up has its pros and cons, but without getting into the technical details, I have scored Arbitrum 8/10 in terms of competitor comparison. ⚠️ The overall score for Arbitrum is 9.3/10, which is an excellent score when evaluating a crypto project. But always remember that crypto tokens are generally risky assets that often face major volatility. So you must do your research and even consider talking to an advisor before investing🤑 in any crypto project.
by pejman_zwin
13