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ETHEREUM - $ETH/BTC - DeFi Frenzy Overtakes Crypto MarketDeFi Frenzy Overtakes Crypto Market Positive price pressure on Bitcoin, and the crypto market as a whole, had been building for months since the  COVID crash in March 2020. All that was missing from kicking things over into an actual bull market was a narrative... Well, it looks like crypto has found one at long last. Decentralized finance If you're new to the crypto space, then decentralized finance might feel exotic, strange, even futuristic. As anyone who has been around here long enough can tell you, decentralized finance has always been blockchain's core use case. Need proof? For starters, Bitcoin is a decentralized financial system revolving around BTC, a peer-to-peer digital currency. As you scroll down the list at CoinMarketCap or CoinGecko (if you're waist-deep in Uniswap tokens), almost anything you see can roughly be considered DeFi. Cardano, Litecoin, Cosmos, Tezos, Chainlink, Ontology, Synthetix Network, Band, Solana, Matic, Harmony — the list goes on — and there is surely no need to mention Ethereum. So, while the decentralized finance tag may not point to something new about crypto, it's created an umbrella that groups this whole crazy-digital-coins-thing into a very coherent narrative. In markets, narratives are just as crucial as technicals. The two find deep correlation in positive and negative market cycles, with strong narratives always overlapping bull markets. Previously, ICOs were responsible for an exuberant 2016-2017 bull market, and today, it's all about DeFi. Beyond the hype Unlike the ICO craze, DeFi is quite grounded in comparison. Many of these projects, like Compound, Maker, and Balancer, are rooted in genuine economics at work, presenting new and exciting ways to organize finances. When, if ever, have you heard of instant, undercollateralized loans with no credit checks, as you can find on Akropolis? How about floating, high yields across crypto asset deposits, and totally new income streams via something called yield farming? In 2008, Satoshi unleashed the BITCOIN whitepaper in response to the bailout of banks, rather than people, at the start of the Great Recession. Here in 2020, we're on the brink of another global downturn, and people are, again, not being bailed out. When DeFi protocols like Yam distribute governance tokens with no premine, founder, or VC shares, giving everyone equal access to a community-allocated treasury, you start to feel that crypto is really on to something this time around. Projects to watch DeFi projects are flying onto Uniswap faster than is possible to keep up with. Far from being another shitcoin roulette, many Uniswap prospects have flown straight to the top with listings on Binance, Huobi, and Coinbase. As with anything in the crypto market, do your own research before swapping precious BITCOIN or ETHEREUM. But, there's gold in them there hills. Keep an eye on macro DeFi platforms like Ethereum, Cardano, Tezos, Cosmos, Elrond, Harmony, and Polkadot. DeFi platforms lean heavily on oracles to bring off-chain assets into the picture for collateral. Watch Chainlink, Band Protocol, Nest Protocol, Dia, and Tellor. Scaling these applications for the most amount of people? Celer and Matic have you covered. Finally, what about strict DeFi applications themselves? Compound, Balancer, Maker, Akropolis, Kava, Yearn, and even tiny upstart Yam are worth your time. There are many more out there, but half the fun is discovering them on your own. Set some time aside and make sure you've got that CoinGecko app locked and loaded. To gain access to Stacked's Free DeFi Index, click here TECHNICAL ANALYSIS #ETHBTC : I'm LONG/ BULLISH position up until Wave (3) . I expect that $ETHUSD will upside. This would mean that ETH will gain more 250% of its current value against BTC before it can recover. Well, keep you updated as this timely issue evolves. No one goes into the market thinking they should buy at the high and sell at the low. The problem is that at the moment when faced with the ups and downs of the market, it’s hard to resist the urge to do those things. Trading is all about spotting emotional excesses either to the downside or the upside. You want to be on the right side of those emotional reactions and not the wrong. #CRYPTO $ETHUSD #ETHBTC #ETH #ETHEREUM #ALTSEASON2020 $BTC $BCH $BNB $XLM $EOS $ETH $ADA $LTC $TRX $XRP $IOTA $LINK $XTZ $BTT $XMR $NEO $BTT $MATIC $XMR $MRK $XEM $ONT $DASH $BAT $ZRX $LSK $NANO $REP #altcoins #bitcointrading #BuyTheFear #BuyTheDip
Long
by ferGOD
5
Daily ETH UpdateWell, it's hard to get a nicer chart than what we are seeing here today. ETH has completed a very bullish "cup and handle" pattern, followed by a breakout and retest of previous resistance. Now are just seeing a breakout to the upside of that retest. This move is being supported by a Normalised MACD crossover as well as RSI moving back up. OBV has gone green however I would like to see some more strength here. No signal can be trusted unless it has support from volume, so if you are looking to re-weight your portfolio from BTC to ETH just be aware that there is only weak commitment to this move. It is my opinion that the market will actually come in to support this move and we will see ETH continue to outperform BTC....but that's just my guess :)
by marcusdw1
ETH / BTC Key Level Alert!Still bullish on both BTC and ETH in fiat terms, but when it comes ETH/BTC I think Ethereum has much higher upside in growth. ETH has been in a strong uptrend since the beginning of this year, and has just run up directly to the 50% level of the 2017's bull run -- low to high. The 23.6 Fibonacci level proved to be a key resistance level in this year's bull run, which ETHBTC broke above and is now testing the next level. NFA: This will most likely retest the .082 level a few times before we get any conclusion to this story, but I will be staying long ETH until further notice. Cheers!
Long
by wrinkles11
ETHBTC: Be Patient (for more gains)• A discussion with www.tradingview.com spurred me to think a bit deeper about ETHBTC. • Fundamentally, Ethereum is fantastic tech, and it is eventual that ETH will flip BTC. The potential is there, but the real questions are if, when and how? And these are questions which TA can provide better answers. • ETHBTC has been concurrently forming a cup&handle and a bullish pennant. Given the timing of this bullrun, Elliot Wave theory, the bullish pennant and ETH’s personality, it is eventual that she will break out and form a new ATH towards the end of this bullrun. The real question is if she will breakout sooner or later? • This is an important question as swinging to ETH too early will incur huge opportunity costs, especially if one, like me, has been observing BTC.D and is riding on the alt season wave (very importantly this is a Wave C). Swinging to ETH late will also incur opportunity costs, but much less so as ETH tends to correct for a few days after a breakout. • What then are the primary reasons for ETHBTC breaking out of the bullish pennant within these few days? That is primarily the fact that ETHBTC has been forming a double bottom within the pennant. • However, if we were to apply Elliot Wave theory, we note that there are generally 2 intermediate higher lows in Wave 5. *Assuming* we saw the start of Wave 5 on 21 Jun’21, there should be one more higher low after the one on 11 Oct’21. This is not a double bottom; it is the much better triple bottom. • If we were to examine previous ETHBTC peaks, we note that there are 5-7 robust and green candles prior to the peaks (5, Jun’17; 5, Jan’18; 7, May’21). We have had 4 weak green weekly candles since 11 Oct’21. *If* history is any indication, if ETHBTC were indeed peaking, then this would be a rather pathetic peak for ETH. • If we were to look at ETHBTC’s parabolic move in Apr-May’21, we see that it is heralded by a crossing of the 8W SMA, 21W EMA and 20W SMA, with the lines coming out of the cross in this order (an order which is commonly found in the parabolic moves of most coins). The lines crossed at the 0.786 Fib level of the previous wave, as calculated from top to bottom. *If* history is any indication, ETHBTC still has some way to go as the lines have not crossed, and a similar 0.786 Fib level of 0.07655 has not yet been reached. The crossing of the current trendline (linking the peaks on Jan’18 and May’21) and the 0.786 Fib level is around 13 Dec’21. • If we were to examine the previous bullrun, the RSI of the 2nd peak is in-between the 0.5 and 0.618 Fib level of the 1st peak. *If* history is any indication, ETHBTC’s RSI has still some way to go. Coincidentally, this is also the mid-channel of the ascending parallel channel that her RSI has been in since Sep’21. Also coincidentally, if we were to project RSI levels, *assuming* ETHBTC's weekly RSI grows at a constant pace, then this level will be reached after 13 Dec'21. • Using the same Fib levels, *if* history is any indication, ETHBTC will peak in between 0.128 (2.618 Fib) and 0.155 (3.272 Fib). - TLDR as follows: (1) There is a confluence of factors that suggests that ETHBTC might not break out so early; and (2) similarly, there is a confluence of factors that suggests that ETHBTC might start breaking out around 13 Dec’21. - Assumptions : *we started Wave 5 on 21 Jun’21; *ETHBTC’s parabolic moves are indeed parabolic; *ETHBTC’s parabolic moves are similar to other coins and are preceded by the crossing of the specified lines; *the crossing of these lines happen at 0.786 of the previous Wave; *ETHBTC will peak when her weekly RSI is in between 66.4%-70.3%. - This thesis is invalidated if **the bullish pennant fails; or ** ETHBTC breaks out above the bullish pennant and closes a weekly candle above the pennant before 13 Dec’21. - Watch : ***Weekly RSI’s anticipated peak in between 66.4%-70.3%; and ***ETHBTC’s anticipated peak in between 0.128 and 0.155.
Long
by AlphaBravoCharlie77
ETH/USDT 12 HOURS UPDATE Welcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures . I have tried my best to bring the best possible outcome in this chart . ETH / USDT support level are 4000$ and 3700$ but we can see some correction in shorter time frame but I thing the price cam pump from first support level. What's your thought on this? Do hit the like button if you like this update and share your views in the comment section. Thank you #PEACE
by CRYPTOMOJO_TA
2
Ethereum Explosive Move On The Way!!Ethereum is looking absolutely amazing against Bitcoin right now and over the past while, we recently had a little accumulation phase where we saw sideways and slightly downwards movement where we built up momentum and now we are breaking out and starting to make a nice run upwards! All shown by my second scenario yellow path, personally think this is just the start for ETH and the altcoins as BTC dominance is looking very bearish! We are approaching resistance at 0.0769 where we could possibly face some trouble and then same thing slightly above around 0.0788, however i don't believe these levels pose a serious threat to ETH because of the huge amount of momentum i think is coming into the market soon. Look at the bollinger bands we are once again starting to climb that top band and for tonights daily close its looking like we are going to be closing directly ontop of here opening the door for an explosive move to the upside likely shredding through these resistance levels! The MACD, we just had a bullish cross a day ago and we are already seeing a very nice increase in our green bars on the histogram, this is exactly what we want to see and shows us the bullish momentum is growing! The MA's right away are giving good separation showing once again some big momentum coming and the more we see the blue move away from the orange the less likely we are to have a near term bearish cross, this also allows price action to have a couple red days for a cooloff without triggering a bear cross! Not the Squeeze momentum indicator, we are only on our first day of green bars on the histogram and this is a great sign that could showing us that a big run is on the way for ETH and the alts, since we are already significantly up on the month against BTC this is a very good sign considering we are only on the fist day of a possible bullish squeeze! The big part about this indicator is the squeeze release which is shown by the black crosses turning white, in this stage price action gets an explosive move to the upside and it is quite possible that we see an extended bull squeeze or even a double cycle bull squeeze! So stay tuned as i continue to update yall! Not financial advice just my opinion!
Long
by JacobR905
ETH/BTC About to Explode! Taking a look at Ethereum VS Bitcoin we have been following by second scenario path (yellow) pretty accurately actually and we are now facing a little resistance coming from the 0.0733 level but i don't think it is going to hold up, i expect us in the coming days to blast through here and continue to outperform BTC. The reason being is due to my outlook on the bearish looking BTC dominance and because over the past almost 3 weeks we have been seeing sideways movement which builds up momentum and i would say there has been a lot of accumulation going on this past 3 weeks, all bullish signs and definitely a momentum builder! If we do see a explosive breakthrough of the 0.0733 level we will be ending up right ontop of that top bollinger band which is a huge deal, we could see a huge run after grabbing onto this band and since we did see big sideways movement our BB's have been squeezing a bit ontop of price action which tells us an explosive move looms, doesn't indicate which direction but with everything i am seeing i think we can expect it to be to the upside! We also have the midline as strong support which is always good and adds a little cushion for Ethereum! The MACD looks super bullish we are just coming off of our red cycle with the Histogram declining day by day all the way to the current spot at the midline and now we await a breakthrough into green territory. we want to see an increase in each green bar showing strength on the bulls side, we are also awaiting a bullish cross which is plays into confirming this, we gotta see a good initial move with the blue MA taking off from the orange creating lots of separation lessening that chance of a near term bear cross. The Squeeze momentum indicator, we are currently still in a bearish stage but i don't think it is leading anywhere we are seeing flat and decreasing red bars which is a good sign for the bulls, it is highly likely at this point we will not see a bearish squeeze release, i believe the current red cycle is due to the slightly declining and sideways movement on price action. I think its just a matter of time before we see a push up into the bullish squeeze territory and honestly i think our current spot is very bullish and actually could be better that we are still in this red phase, reason being is that we could have an explosive move on the bollinger bands and the MACD pushing price action up high and then for our SMI we will only likely just be starting a bullish squeeze which could give us a sort of double pump effect, of course once we get to that point we have to see confirmation on the histogram with increasing green bars everyday. Not financial advice just my opinion!
Long
by JacobR905
ETHBTC Detailed AnalysisOn this chart I have used Fibonacci Circles and the Gann fan tool to create trends and alignments that only are seen when using these tools The key takeaway from this in short, is the trend alignment along the bear circle and the bull circle, placing the current bull formation directly above it Also, using prior dates regarding bear run beginnings and bullruns we can hypothesise the end of the current run Which I place around mid 2022 Obviously I believe ETHBTC will not just hit, but smash the ATH with force before this time
Long
by Bixley