#Opinion
π· Experts at #Santiment note an increase in the volume of mentions of keywords related to #ETH, #ETF, and #spot
The platform's analysts believe that despite a minor correction, the significant growth in these indicators could signal an imminent bullish impulse for #Ethereum.
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The platform's analysts believe that despite a minor correction, the significant growth in these indicators could signal an imminent bullish impulse for #Ethereum.
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#Analytics #ETH
π· #Ethereum is in a consolidation zone, similar to other coins on the market. But for trading, consider #ETHUSDT.
βοΈ Setup:
A candle with a shadow (short-seller flush) β quick buyback (possible strong buyer) β triangle pattern with compression.
π― Trade:
1. Position entry from the lower part of the pattern (marked in orange), stop loss (SL) according to Risk Management (RM) β 0.5-1%. Take profit (TP) β level 3240-3260.
2. Pending order (follow-up order) in LONG at the 3200 level. SL β return below the 3193 level. TP β level 3240-3260.
this is not a trading recommendation
A candle with a shadow (short-seller flush) β quick buyback (possible strong buyer) β triangle pattern with compression.
1. Position entry from the lower part of the pattern (marked in orange), stop loss (SL) according to Risk Management (RM) β 0.5-1%. Take profit (TP) β level 3240-3260.
2. Pending order (follow-up order) in LONG at the 3200 level. SL β return below the 3193 level. TP β level 3240-3260.
this is not a trading recommendation
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The first reason is the decline of the US stock market due to reports from tech companies that did not meet investors' expectations.
#CryptoNews
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Today, #ETH turns 9 years old. Vitalik has already congratulated his brainchild and team on Twitter, posting a photo from this memorable day.
Let's also congratulate Ethereum by sharing the funniest memes about it and Vitalik in the comments
#CryptoNews
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According to #Defillama data for July, the trading volume of #SOL on decentralized exchanges amounted to $55.8 billion, compared to $53.8 billion for #ETH.
#CryptoNews
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The largest sell-off of the year caused liquidations exceeding $1 billion in a single day. The market is reacting to rising unemployment in the US, recession fears, and geopolitical tensions in the Middle East. Additionally, the situation was influenced by the largest crash in the Japanese stock market in the past 37 years.
Do you believe in crypto and buy during the dip, or are you withdrawing assets in anticipation of an even greater decline?
#CryptoNews
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Despite the rise in prices after yesterday's drop, the Fear and Greed Index is in the zone of extreme fear. The last time it was at this level was in the summer of 2022, when the price of #BTC was $20,000.
Did you manage to buy the dip?
#CryptoNews
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At the end of yesterday's trading session, the #Bitcoin-#ETF recorded an outflow of $148 million, while the #ETH-ETF, on the contrary, attracted about $98 million.
Meanwhile, the Fear and Greed Index has rebounded from yesterday's extreme levels and is now at 29, which is characterized as regular fear.
#CryptoNews
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The decline in #Bitcoin and #Ethereum, triggered by the stock market crash, has led to the formation of a worrisome technical analysis pattern known as the "death cross."
#Analytics
this is not a trading recommendation
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The number of initial unemployment claims in the U.S. was 233,000, which is lower than the previous figure of 249,000 and the forecasted expectation of 240,000.
#CryptoNews
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#Glossary
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The staked coins participate in the process of validating transactions and creating new blocks within the Proof of Stake (PoS) model. In exchange for staking, users receive rewards in the form of additional #ETH.
#NumberOfTheDay
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π Weekly news #CryptoDigest:
πͺ BTC.D (Bitcoin Dominance over altcoins) β 57.35%
π§ Fear and Greed Index β 25
πΊπΈ August 15 15:30 USD β Number of initial jobless claims. Forecast β 235k, previous value β 233k
π #Matrixport believes that a Bitcoin rally is inevitable after the release of U.S. inflation data
π― #Bitcoin is reducing volatility β this year, there have only been 25 days with significant price movement
π· Gas fees on the #Ethereum network are at an annual low
πͺ A critical vulnerability in the #Solana network has been fixed
πͺ #Ripple has begun testing its stablecoin β Ripple USD (#RLUSD)
πͺ #BTC reserves on exchanges have reached a 5-year low
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According to the latest data from #Coinmarketcap, since the beginning of the year, Ethereum-based tokens have remained leaders in profitability, accounting for 17% of the entire market, with a daily trading volume exceeding $29 billion.
Currently, #L2 Ethereum activity has reached its all-time high
#CryptoNews
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Wrapped Bitcoin is a token pegged to the value of real Bitcoin and issued on a third-party blockchain. For example, there is already #WBTC based on #Ethereum. Each such token is backed by real Bitcoin, and you can always exchange one wrapped Bitcoin for one #BTC and vice versa.
#CryptoNews
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#Analytics #SOL
πͺ Currently, experts estimate the potential of #Solana to be in the range of $300 to $1000 per coin. However, on-chain data points to a more likely scenario in the near future β a return to the $190 level.
Among the most significant reasons for SOL's growth are applications for the launch of #Solana-#ETF, the continued interest in meme coins within this ecosystem, the growing competition with #Ethereum in #DEX, and the active efforts of the Solana team to improve the project.
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this is not a trading recommendation
Among the most significant reasons for SOL's growth are applications for the launch of #Solana-#ETF, the continued interest in meme coins within this ecosystem, the growing competition with #Ethereum in #DEX, and the active efforts of the Solana team to improve the project.
this is not a trading recommendation
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#Analysis #ETH
π· #Ethereum is trading within a consolidation zone of 2392 - 2595
For trading, it's advisable to wait for liquidity to be taken from long or short positions.
πΌ In the case of a LONG, expect a false breakout below the 2392 level, followed by a return above it.
π½ For a SHORT scenario, it's similar: a false breakout above the 2595 level and a return below it.
this is not financial advice
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For trading, it's advisable to wait for liquidity to be taken from long or short positions.
this is not financial advice
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Since the launch of spot #Ethereum-#ETFs, the average market depth for #ETH pairs has dropped to $14 million.
Now, it has become much easier for big players to manipulate the priceπ―
#FigureOfTheDay
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Now, it has become much easier for big players to manipulate the price
#FigureOfTheDay
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#Analysis #ETH
π· #CryptoQuant published a technical analysis of #Ethereum:
After a prolonged decline, the 30-day moving average of ETH funding rates showed a bullish shift.
π This coincided with the market returning to high price levels and an increase in Ethereumβs value, which may signal a reversal of the bearish trend for this coin.
Meanwhile, spot Ethereum-#ETF saw the largest inflow of funds since the beginning of August β $62.5 million.
not a trading recommendation
β
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After a prolonged decline, the 30-day moving average of ETH funding rates showed a bullish shift.
Meanwhile, spot Ethereum-#ETF saw the largest inflow of funds since the beginning of August β $62.5 million.
not a trading recommendation
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