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Ethereum Price Plummets by 99%: What’s Next for Investors?

This phase of the crypto winter is nearing its end, as all seasons do, only to return again in the future. Analyzing Ethereum's price chart history, it's anticipated that the next crypto winter might have a significant impact on Ethereum. While many altcoins are expected to experience substantial growth in the coming years, with some potentially soaring 100x to 500x, Ethereum is speculated to reach around the $6000 mark, representing a 3.6x increase from current levels. Examining the price chart pattern, there are concerns about a potential downturn for Ethereum. The formation does not appear to be truly impulsive, despite...

By NovaX
Updated 2 weeks ago
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Ethereum Forecast: Sunny with a Slight Bullish Outlook for the Week Ahead

Last week, three issuers obtained approval to launch spot Bitcoin and Ether ETFs by Hong Kong’s Securities and Futures Commission (SFC). These new funds will start trading on April 30, according to various sources, including 10x Research. The approval of the first spot ETH ETFs in the US next month does, however, seem unlikely. “Eerily quiet on spot eth ETFs… Consensus is SEC will disapprove in May. Reason = lack of engagement w/ issuers. Logic says that’s correct, but also wonder if SEC learned lesson from clown show w/ spot btc ETFs. Either way, options are either A) approve or B) face...

By NovaX
Updated 2 months ago
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Ethereum Price Analysis: Bullish Signals Emerge as ETH Targets $3,600 Resistance

Ethereum: Signs of Potential Breakout Ethereum, the world's second-largest cryptocurrency by market capitalization, is exhibiting signs of a potential breakout after a period of consolidation. Recent technical indicators, including a Simple Moving Average (SMA) crossover and price action hovering near a resistance level, suggest a bullish outlook for Ether (ETH). Breaking Down the Bullish Signals: SMA Crossover: A Simple Moving Average (SMA) is a technical indicator used to gauge an asset's price trend. A recent crossover has occurred where the short-term SMA (often the 50-day) has crossed above the long-term SMA (often the 200-day). This crossover historically signifies a shift in momentum towards...

By NovaX
Updated 2 months ago
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Ethereum Price Swings: Plunging 40% Before Surging 150% – What’s Next?

Explanation of my video analysis: After the beautiful bullish break and retest on Ethereum back in 2022, we saw sufficient bullish confirmation on the smaller timeframes leading to the +250% rally which we have been seeing lately. Considering that Ethereum is now retesting the previous all-time-high, we might see a correction to retest the next support towards the downside before Ethereum will continue its overall bullish trend. Keep your long term vision, Philip (BasicTrading)

By NovaX
Updated 3 months ago
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Ethereum Gains Momentum: Bullish Outlook for the Week Ahead

SEC to Decide on Eight Spot Ether ETF Applications The deadline for the Securities and Exchange Commission (SEC) to decide whether to approve or reject eight spot Ether ETF applications on its table lapses in less than two months. However, there seems to be little contact with the concerned asset managers, contrary to last fall prior to the approval of the first nine spot Bitcoin ETFs in the US. Eric Balchunas' Analysis on Ethereum ETF Approval “Re Eth ETF approval, we are holding the line at 25% odds altho tbh it is a very pessimistic 25%. The lack of engagement seems to be...

By NovaX
Updated 3 months ago
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Ethereum’s Bull Run: Latest Updates and Predictions

Explanation of my video analysis: In March of 2017 Ethereum created its first valid breakout followed by a +7.000% rally and a -90% correction thereafter. A couple of months ago Ethereum perfectly retested the previous 2018 high and I am just targeting new all time highs from here. If we get a retracement back to the structure level which I mentioned in the video, I will probably even add to my long position. I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long...

By NovaX
Updated 4 months ago
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