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Breaking: Ethereum’s Pectra Update Scheduled for February 2025Ethereum, the world’s leading blockchain for decentralized applications, is poised for another groundbreaking upgrade. The Pectra update, scheduled for February 2025, promises to revolutionize the user experience, bolster network efficiency, and redefine how developers and users interact with the Ethereum ecosystem. Here, we delve into both the technical and fundamental aspects of this highly anticipated upgrade. Overview of the Pectra Update Key Objectives: - Usability: Pectra addresses critical barriers to on-chain app adoption, such as high transaction fees and wallet complexity. - Scalability: Enhancements will allow the network to handle increased demand without compromising performance. - Security: Robust updates will fortify Ethereum against evolving threats, ensuring a secure environment for all participants. Notable Features and Enhancements: 1. Gas Fee Payment Flexibility: Users can pay transaction fees using any cryptocurrency, including stablecoins. 2. Account Abstraction (ERC-4337): This feature simplifies wallet management, making Ethereum more accessible to non-technical users. 3. Biometric Authentication: Integration of Apple’s FaceID and TouchID for transaction approvals ensures a seamless and secure user experience. 4. Enhanced Staking Mechanisms: The staking limit increases to 2048 ETH, improving resource efficiency and scalability while attracting institutional participation. 5. Verkle Trees (EIP-2935): A significant upgrade that minimizes data storage requirements, fostering greater decentralization and validator participation. Technical Analysis of Ethereum (ETH) As of this writing, Ethereum is trading at a bullish trajectory, up 2.25% and showing strong momentum. The following technical indicators provide a deeper insight: Relative Strength Index (RSI): - Current RSI: 66 (Bullish Zone) - The RSI indicates strong upward momentum, suggesting continued growth in the short term. Price Levels: - Support Levels: $3,000 (psychological support) and $2,800 (1-month low and Fibonacci retracement level) Volume Trends: - Increasing trade volumes accompany the current price rally, reinforcing the bullish outlook. The Synergy of Fundamentals and Technicals The Pectra update is a significant catalyst for Ethereum’s long-term growth. By merging Prague and Electra—two updates initially slated for late 2025—Ethereum accelerates its roadmap while delivering a more cohesive upgrade. This consolidation reflects the network’s commitment to efficiency and innovation. On the technical front, Ethereum’s robust price action aligns with market optimism surrounding the Pectra update. Enhanced staking flexibility and account abstraction are likely to attract new users and institutional investors, potentially driving ETH prices higher. Conclusion The Ethereum Pectra update is a pivotal moment in the blockchain’s evolution, combining innovative features with technical advancements to create a user-friendly, scalable, and secure platform. As February 2025 approaches, market participants should watch for: - Continued bullish momentum in ETH prices - Potential retracements to key support levels for accumulation opportunities - Broader adoption of Ethereum’s enhanced ecosystem Ethereum’s trajectory remains upward, with Pectra set to unlock new horizons for decentralized applications and blockchain technology. Whether you’re a developer, investor, or enthusiast, the Pectra update marks a transformative step toward a more inclusive and efficient Web3 future.
COINBASE:ETHUSDLong
by DEXWireNews
Near a pump. We are. Opinion: In terms of TA, the NEAR neckline is standing at 6$. Which provides us with a good TP target. The current support has been thoroughly tested through the Macro shakedowns crypto has suffered over the past weeks. The Messari mainet convention and the NEAR con in Portugal, point at possible upgrades that could drive price action up. Targeting buys at late 2$-mid-3$ with TP at 6$ seems rational. Each level L1-L3 (S1-S3) and TP1-TP3 has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's and L's these percentages are still respected. I like to use the trading range to accumulate by using this tactic. Just my personal way of using this. This is not intended or made to constitute any financial advice. This is not intended or made to constitute any financial advice. FED Macro Situation Consideration: All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over. NOT INVESTMENT ADVICE I am not a financial advisor. The Content in this TradingView Idea is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained within this idea constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. All Content on this idea post is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the idea/post constitutes professional and/or financial advice, nor does any information on the idea/post constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the idea/post before making any decisions based on such information.
Long
by TheBitcoinGeneration
SNX: Another week, another upgrade!Synthetix Network and Kwenta are still blasting away at upgrades, or as they call them, "SIP's" which is an acronym for Synthetix Improvement Proposal. They also give weird "star" names to their SIP releases (in order of visual magnitude) which is all good, I suppose. What matters is they are in storm mode when it comes to improving and implementing. I love it. Where this may cause some occasional turmoil in usage and possibly hinder immediate price action, I see it as further reason to hold for the long term as I continue to grow my SNX coin/token count weekly at 13.99% APY by simply holding SNX in a Celsius Network account (If you decide to join me in earning high interest there, you can earn $50 in BTC by using my referral code 189218504d). Of course, we will reap the rewards in price action eventually, but on our own timeline. I am conservatively predicting a 300 percent gain over the next 6 to 9 months. And my 13.99% yield will compound in a doubling fashion every 5 years even without any price action increases. Yes, I did the math! Patience pays well! Anyway, later today the Avior (the "star" name for SIP-182) release will implement a new upgrade on L2 only. During this release there will be no downtime on L1, but up to 3 hours of downtime L2. Here's what’s included in this release: SIP-182- Wrappr factory: This SIP creates a new WrapperFactory contract that can deploy new Wrapper contracts to support any ERC20 token. The new Wrapper contract behaves like its predecessor (the ETH Wrappr from SIP-112) and will initially include a WETH wrapper, though more Wrapprs will likely be added in the future. In layman's term, creating "wrapprs" has to do with creating synths or derivatives...potentially on anything tradable in the entire world, like Cryptos, FOREX, Stocks, Commodities, etc. Well, you get the idea; everything. This is the strength and foundational idea of the Synthetix Network (and Kwenta). If you want more info on what I am doing to generate that 13.99% in additional SNX tokens, feel free to ask in a comment.
BINANCE:SNXUSDLong
by tg-l
Ethereum vs Bitcoin! Let's have at it!Hey TradingView Traders, Investors and buddies! I hope this idea comes at you having found yourself having a blessed weekend and a wonderful day! Let’s dive in together as the two guerillas of ‘new money’ wage some ideological war throughout the publication below. The term "Flippening" refers to the hypothetical moment of Ethereum (ETH) overtaking Bitcoin (BTC) as the biggest cryptocurrency. It may seem outrageous to think Ethereum will overtake the Bitcoin market cap, but let's go over the logic on why there is probability of this occuring. Let’s dissect some fundamental headwinds for ETH vs Bitcoin by exploring the development of their networks current upgrades: Fuel Fees. Under the current system, users send what’s known as a gas fee to miners as payment for transactions to be verified, in a kind of auction. Minders in current proof of work complete transactions by using computing power to solve puzzles on the network which create crypto and receive a piece of the fuel payment. Eth however has seen rampant growth, especially due to NFTs popularity and this is made evident with the block sizes consistently being near full. When the network gets busy the auction system of fuel fees enable users to bid up their transaction to essentially jump in que which leads to increased costs within the network. Solution. EIP-1559 will address this issue during the “London hard fork”. With the new update the gas fees will be automatically determined with a base fee which will fluctuate according to network congestion. At this point an ETH user can simply compensate the miners with a “tip” if they need to jump in que. This isn’t the “end all, be all” solution, but as far as favorable fundamental tailwinds, the network will “burn” a chunk of the gas fee. This is essence ‘deflationary’ for eth. Bitcoin has gotten a lot of favor for having a ‘fixed’ supply, but if ETH continues to increase in popularity we could eventually see that more ether gets burned then generated for miners. I am of the humble opinion that this will result in a rise in the price of ether. Additional Fundamental news – Eth 2.0 I have come across a great deal of misinformation about ETH 2.0, and a few points that I would like to clarify is first with a simple ‘visual’. I once heard a psychologist say Sigmond Freud constructed a vast room of clarity when it came to psychology while Carl Jung excavated a mansion around that that room. In many ways ETH 2.0 is being built around ETH and simply will absorb it within the network. This seems very practical as it will make the transition very easy for users, and node operators. ETH 2.0 will make the platform radically swifter, more scalable by upgrading the mechanics of the network. The two biggest upgrades will be the transition of Proof of Work like Bitcoin to Proof of Stake like Cardano. Bitcoin has miners competing to solve complex puzzles and they are then provided block rewards. As Turncoat T(M)usk (/sarc) has accurately stated Bitcoin energy consumption has skyrocketed. With the conversion to Proof of Stake ETH will validate transactions and ‘mine’ using the number of coins they are holding and willing to offer in essentially what amounts to an ‘escrow account’. This will colossally reduce the impact on the environment along with not only energy consumption but as Vitalik mentioned on the Lex Fridman podcast, hardware consumption as well. Each Ether node operator has to stake 32 ether and then receive rewards. They mentioned on the podcast that this is actually MORE secure then Bitcoin as an attack on the network would costs more than the collective value of all stakes that had been submitted in the beacon chain in December – they mentioned essentially it would costs greater than $15 Billion Dollars’ worth of ETH. The second upgrade will be “sharding” which was also mentioned in the podcast and within many research papers and articles. This will essentially entail new networks running parallel blockchains within the network. Vitalik himself described it as essentially taking a random 100 node operators and delegating them to come to consensus on a certain block, and then after they are all in agreement they are broken up into a new random sampling to come to consensus on a new block. Once they block has come to consensus it is “signed/authenticated” and linked to the main beacon chain. This will make it radically more efficient, reduce costs, increase scalability and improve the user experience and the experience of those staking the product. The users staking receive passive interest on their underlying deposit in the “escrow” account. The benefits in conclusion will be energy/hardware consumption plummeting, more efficiency, a swifter more scalable network, a deflationary product that is burning ETH and rewards for those passively operating nodes which will encourage them to “stay long” to reap the rewards. Bitcoin on the other hand is working on adding “the Lightening Network: as a second layer to the Bitcoin network which will enable transactions peer-to-peer off network “off chain transactions”. This has been in development by Thaddeus Dryha and Joseph Poon since 2015, and will be important for emerging markets especially. The benefits to the lightning network will be increased transaction time, and decreased costs for transactions. The latency in the network which occurs when the network attempts to process simultaneous transactions has led to higher transaction fees as miners take longer to validate transactions. Also, participants can sometimes pay a higher fee to have their transactions processed faster very similar to ETH to essentially jump in que. Bitcoin's Lightning Network is supposedly going to help improve the processing times, build scalability, and lower the network's transaction fees. When the lightning network is in full swing the vision is for users to transfer Sats between each other without charges directly from digital wallets off-chain. Taking transactions ‘off-chain’ will improve the congestion ‘on-chain’ and will reduce the costs and improve the processing time. There is a great deal of criticism about this upgrade. The primary criticism is that it will not actually solve the transaction fee issue. Although the lightning network allows payments between two parties, an opening transaction or deposit must be made via on-chain. The two parties then can process multiple transactions between each other, but once the bill has been settled, they need to record a closing transaction for the settled amount on the blockchain. There is a separate routing fee to transfer payments between channels. Since the fees for the lightning network are quite low, in theory, it should attract more participants. However, if the fees are so low for the routing of payments between nodes, there might not be any incentive for the nodes to facilitate the payments. Another criticism is if there is congestion created through a malevolent attack. The idea originator Dryja himself stated, “forced expiration of many transactions may be the greatest systemic risk when using the lightning network.” The final criticism is that we still are not addressing the rampant energy consumption of Bitcoin. I know proponents like Saylor are justifying this as essentially “well the internet itself uses a lot of energy”, “we want a lot of energy and costs associated with keeping the cleanest money in the world safe.” I will not dispute Saylor, but I also would certainly not call Bitcoin “clean”. We will see with the ETH 2.0 upgrade the energy cost reduce by 99% according to research papers. I have heard an analogy that if Bitcoin is consuming the energy of the city of all of London, following ETH 2.0 upgrade, Eth will be consuming the energy of a single tenant in an apartment in London. The final comment I will make is simply the utility of the two financial products. ETH enables smart contracts, BTC enables ‘wealth transfers peer-to-peer.’ I will also say one benefit BTC has over ETH is that it is more decentralized than ETH is, and hopefully some of you can comment and add additional benefits that surely I may be missing. Simply put, ETH is “smart money” and BTC is supposedly a “store of value” – personally though I rotated 99% of my BTC into ETH about 8 weeks ago and have happily not looked back. This conversion was not because of simply the better upgrades instore for ETH, but rather due to Technical Analysis. So let's peek at some TA on the daily so you can see the prices of each product at the moment of this idea being written: In the green corner we have ETH at $2,688: In the red corner we have BTC at $36,034 Lets simply look at the trends associated with Market Dominance. We can clearly see below ETH above the EMA ribbon with the ribbon pointing up in a bullish trend. We can clearly see below BTC below the EMA ribbon with the ribbon pointing down in a bearish trend of market dominance. Final chart is a weekly ETC/BTC pair. I will state plainly that before looking at ETH overtaking the BTC dominance please notice the increase in volume and the trend as user growth has been exploding. Regardless of where you park your wealth I think good things are in store for both of these financial products. I know many are very passionate about their favorite project, and I welcome competing ideology! The TradingView Community is remarkable and I have great respect for all you brilliant minds that provide new paradigms and perspectives. I certainly may be missing some key points so correct me if I am wrong, or let me know which other project you think is better than even these two that I should explore next. If you enjoyed this content please be sure to give it a like so other traders get a chance to digest this and add their expertise. In a spirit of abundance I wish nothing but great fortunes upon you dear friends!
CRYPTOCAP:ETH
by ZenMode
12
TSLA People's Champ - Part 2I like what I'm seeing here. Great candle printed today. Starter position order filled at 700, though seems to be battleground level. Tomorrow's candle should confirm the morning star pattern. Local highs and lows all higher. Major trendline validated confirming overall bullish bias. And... it's no secret the upgrades!! :) Pitfalls: -Recent news piece not good. -Bitcoin exposure (sorry, I'm short term bearish on Bitcoin. But long term bullish). -Of course, inflation. -800 level looks like a tough cookie to crack.
NASDAQ:TSLALong
by NetWorthFocused
KeyBanc Capital analyst Philip Gibbs raised rating- $10 target $TMST surged higher on very heavy volume, after KeyBanc Capital analyst Philip Gibbs said it's time to buy the steel maker's stock as the macro recovery is unfolding. Gibbs raised his rating to overweight, after being at sector weight since July 2018, and set a $10 target for the stock, which is 19.8% above current levels. Gibbs said his new bullish view "post due diligence" reflects the macroeconomic recovery, better contract and spot pricing and widening raw material spreads, as well as "self-help," which includes cost cuts. The latest available data showed that short interest was 9.72% of the public float.
T
by AlenCiken
SNAP - Is it?We have a clear double top with declining volume on the second top. While this is happening we have a bearish divergence with the RSI indicator. Even with being conservative & stating that the neckline was broken around $15 we still get a minimum price target of $11.49 which I moved up slightly to $11.60 where there are some previous support/resistance levels. I should note that SNAP just had earnings & received a couple of upgrades today from JP Morgan & Needham. Not to mention they had an upgrade a few days ago, prior to earnings, from Bank of America/Merrill Lynch. Always risky with earnings/upgrades but the pattern is the pattern.
NYSE:SNAPShort
by Chartimistic
Electroneum pushes sideways but for how long??Hello everyone and welcome back. Hope everyone is having a great summer! Looking at the #ETN chart we can see sideways action over the past few weeks. In my last updated, I did mentioned this was to be expected, even after the upgrades to Electroneum's blockchain. The reason is simple, we have more hodlers and sellers then buyer. Now, thanks to the upgrades and partnering with NGOs for mining purposes, as well as others, we see less selling pressure. In the chart above I outlined two things. 1) Descending Wedge - If ETN follows this wedge downward then it is likely we can see low 20s, which was the case when we were in the mid 40s and I called mid 30s. However, even if we dip to low 20s I believe it will be short lived. The other possible scenario is that we break the wedge sooner within the next 10 days and continue with the sideways action between 40 - 60 sats. We need to wait for confirmation before deciding on the direction of ETN long term. 2) The bottoming Curve - When a trading asset bottoms out, it creates a curve where the price initially spikes after tremendous downward pressure then it creates a lower low and begins to move sideways along this curve until it breaks free to the upside. In about 10 days we should be around the middle of this curve. Electroneum is a project that showed great potential from day one, but the direction of the company was never clear until NOW. After the last blockchain upgrade we have a clear understand of where the team wants to take us. The next half of 2019 is looking very promising. If there was ever a time to accumulate and fill your bags it would be now! Everyone enjoy your summer, keep your bags safe and don't believe the FUD. The greatest things in life come at a great price so patience is key. This is not investment advice. This is only for educational and entertainment purposes. Awareness619
ELong
by Awareness618
8
Bitcoin - Scheduled Upgrades & Affect on the MarketIn adding upcoming/events, I chose coins which drive the market, BTC -0.98% , ETH, XRM 19.56% and although this is less TA, it more widely defines the movement of the market. Its always useful to know what upgrades are upcoming (buy hype, sell news) along with what they do. Currently announcements are being held off until market growth where they can be useful, a release from top 100 coins would indicate they feel the market is ready to absorb and benefit, although correlation doesn't equal causation, there seems to be a casual relationship in this market. Overall major Bitcoin -0.98% upgrades, improvements and "fix's" are scheduled for the end of the year...which i'm sure will eventuate into early 2019 (probably when Crypto should have taken off), Ethereum -2.70% has many scheduled along with many issues, so will be interesting to watch. TUMBLEBIT - Many users link transactions together increasing anonymity SIGWIT V0.16 - Update & exchange adoption, enables lighting & >2MB block ( BTC -0.98% ) LIGHTING NETWORK - P2P, centralizes by using chosen nodes to approve off main-network ( BTC -0.98% ) KOVRI - IP -2.47% hiding/TOR network anonymity ( XRM 19.56% ) MONEROV - Block 1564965 moneroblocks.info ( XRM 19.56% ) BULLETPROOFS - Replace method of hiding transactions hence reducing size of blockchain, Monero can take up to 48hrs for wallet to initially sync ( XRM 19.56% ) ( BTC -0.98% ) CASPER - Fix's scaling problem, network congestion, enable proof of stake (leverage large amount coins for fee) DEC 2018 (ETH) BTC -0.98% 0.79% is seeing some tough times , so I should write this: ***Education Purposes only***
BITFINEX:BTCUSDLong
by CerealTrader