• Latest
  • Trending

Ethereum short traders could witness gains only if ETH drops to “this” level

January 14, 2023

Ethereum [ETH]: Rising gas fees affect not just the real world, but Web3 as well

February 8, 2023

Ethereum [ETH] down bad? Scams, gas, DAU plague network – the list goes on

February 7, 2023

US Democrats want more info on agencies’ crypto mining data collection

February 7, 2023

Crypto mining firms Hut 8 and US Bitcoin plan merger

February 7, 2023

Crypto Miners Blamed for Abkhazia Power Outages

February 7, 2023

DOOM Game Now Available On Bitcoin; Here’s How You Can Play

February 7, 2023

NBA Star NFT Sells For Record-Breaking Price On Sorare

February 7, 2023

Bitcoin mining can help solar energy meet 99% of end-user demand, study shows

February 7, 2023

HIVE Bets od Grid Balancing Amid Crypto Winter

February 7, 2023

Ethereum’s future hinges on validators amidst declining interest and market trends

February 7, 2023

Layer1 CEO alleges co-founder is using majority power to 'ransack' company

February 7, 2023

Ethereum [ETH] bulls, watch for a reaction at these levels to buy

February 7, 2023
Retail
Wednesday, February 8, 2023
  • Home
  • Learn About Crypto

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Add These 5 Cryptocurrencies To Your Red Envelope This Chinese New Year

    Best Crypto Airdrop Twitter Channels to Follow in 2023; Here’s the Top 5 List

    Top 10 Online Forums for Crypto Enthusiasts To Join In Jan 2023

  • Bitcoin

    Bitcoin Balance On Exchanges Soars, BTC Price Displays Weakness

    Bitcoin’s $18k Level Probably Constitutes a Bottom and Will be Retested, says Bitmex’s Hayes

    Twitter Posts $270M Q2 Loss, Blames Weak Ad Market and Uncertain $44b Elon Musk Deal

    California Approves Major Bitcoin Regulation As BTC Looks At $28K

    Bitcoin Mining Made Easier, Could This Be A Game Changer

    Funding Rates Return To Neutral Following Bitcoin Relief Rally

    Bitcoin NUPL Shows Average Holder Back In Profit, But For How Long?

    Bitcoin Miner Revenues Continue To Plunge, But Will The Rally Change This?

    Former Coinbase Employee Charged With Insider Trading for Tipping Off Brother and Friend on New Crypto Listings

  • Ethereum

    Ethereum [ETH]: Rising gas fees affect not just the real world, but Web3 as well

    Ethereum [ETH] down bad? Scams, gas, DAU plague network – the list goes on

    Ethereum’s future hinges on validators amidst declining interest and market trends

    Ethereum [ETH] bulls, watch for a reaction at these levels to buy

    Ethereum: Understanding the Zhejiang angle in the Shanghai upgrade

    Ethereum stares down a cliff as median gas price soars to monthly high

    Ethereum (ETH) Price Prediction 2025-2030: Investors pin hopes on ETH crossing $1800

    Ethereum breaks into $1,700 range briefly as traders scramble for profit

    Ethereum burn hits 2-month high thanks to these sources

  • NFT

    DOOM Game Now Available On Bitcoin; Here’s How You Can Play

    NBA Star NFT Sells For Record-Breaking Price On Sorare

    5 Best NFT Collections For Sports Fans To Keep An Eye On

    Mastercard’s NFT leader Resignation letter Goes Viral; Here’s Why

    You Can’t Miss These Top 5 NFT Drops In February 2023

    5 Newly Launched NFT Projects That May Skyrocket Next

    Premier League Signs NFT Deal With This Ethereum-based Game

    Yuga Labs Founder Steps Down From Operations For This Reason

    Best Non-Fungible Token (NFTs) For Beginners; Start Your NFT Journey Today

  • Altcoins

    What’s in store for BAT holders- Resistance zone or sell-pressure

    Decoding the reason behind falling cryptocurrency related stocks

    ZCash: Amid a bearish divergence, here’s where you can expect a pullback

    Payments Firm Stripe Adds Crypto Support For Twitter

    TRON at a pocket of demand; should investors take profit or HODL

    Top Privacy Coins Blaze Past Bitcoin This Week, Here’s Why

    THETA, Terra, FTX Token Price Analysis: 22 April

    Tron (TRX) Is Pumping Amid A Crypto Crash, Here’s Why

    Report: With over $47 billion in ‘realized’ crypto gains, this nation leads the pack

  • Mining

    Crypto mining firms Hut 8 and US Bitcoin plan merger

    US Democrats want more info on agencies’ crypto mining data collection

    Crypto Miners Blamed for Abkhazia Power Outages

    Bitcoin mining can help solar energy meet 99% of end-user demand, study shows

    HIVE Bets od Grid Balancing Amid Crypto Winter

    Layer1 CEO alleges co-founder is using majority power to 'ransack' company

    Bitcoin miner Riot expects growth delay due to December storm damages

    Texas BTC Miners Face More Problems After Another Storm Hit the State: Report

    Russia Expands Its Crypto Mining Capacity, Report Reveals

  • Financial News

    Inflation Could Squeeze Dollar Stores, Too

    Dollar General, Occidental Petroleum, Guess and more

    Courtroom Drama Clouds Post-Covid-19 Recovery for Regal Cinemas’ Owner

    Mortgage Rates Top 4% for the First Time Since 2019

    Dollar General, Accenture, Warby Parker and others

    China’s Housing Market Needs More Than Talk From Beijing

    Warren Buffett scoops up another $1 billion in Occidental shares, bringing total stake to $7 billion

    Netflix Will Be Sticking to Its Script

    New Gig Surcharges Are Hardly a Gas

  • Market Cap
No Result
View All Result
What's Up Market
No Result
View All Result

Ethereum short traders could witness gains only if ETH drops to “this” level

January 14, 2023
in Ethereum
0 0
0

Disclaimer: The data introduced doesn’t represent monetary, funding, buying and selling, or different forms of recommendation and is solely the author’s opinion

  • ETH buyers loved no less than 30% positive factors within the final two weeks
  • ETH short-term merchants might have some leverage given ETH’s newest upside 

Ethereum [ETH] provided buyers over 30% positive factors up to now two weeks. It rallied from $1,190 to a excessive of $1,598. The rally put ETH an inch away from its November excessive of $1,680. 

With a bullish BTC following eased US inflation charges, ETH might goal at $1,644 or go above it. At press time, ETH was buying and selling at $1,550, whereas BTC was buying and selling under a short-term bearish order block at $20,956. 

If BTC closes above $21K, ETH bulls might be incentivized to reclaim its November excessive. 


Learn Ethereum’s [ETH] Value Prediction 2023-24


The November excessive of $1,680

Supply: ETH/USDT on TradingView

ETH peaked at $1,680 earlier than FTX implosion pressured a wide-market crash, dropping it to a low of $1,100, a 35% plunge. Nonetheless, a month and a half later, ETH appears on a path to recovering all of the losses made after the November crash. 

ETH was extremely bullish on the every day chart and will retest or break above November’s bearish order block at $1,644.78 within the subsequent few hours/days. Such a transfer will enable ETH holders to get better all of the losses incurred after the November market crash. 

YOU MAY ALSO LIKE

Ethereum [ETH]: Rising gas fees affect not just the real world, but Web3 as well

Ethereum [ETH] down bad? Scams, gas, DAU plague network – the list goes on


Is your portfolio inexperienced? Try the ETH Revenue Calculator


Nonetheless, if bears acquire extra affect out there, ETH might drop to $1,514.17, invalidating the bullish bias described above. Subsequently, brief merchants ought to solely guess in opposition to ETH’s uptrend if it drops under $1,514 to attenuate danger. 

Brief-term ETH holders made income as buying and selling volumes elevated

Supply: Santiment

In accordance with Santiment, the 30-day market worth to realized worth (MVRV) ratio has been optimistic since 4 January and climbed even increased. This indicated that short-term merchants noticed incremental positive factors from January 4. Nonetheless, long-term holders (365-day MVRV) have been but to cross above the impartial line; therefore they have been but to publish any positive factors. 

ETH’s improvement exercise additionally recorded a gradual enhance up to now two weeks. This indicated that builders saved constructing the community in the identical interval. This might increase buyers’ confidence and additional prop up ETH’s worth in the long term. 

As well as, ETH’s buying and selling quantity elevated in the identical interval however dropped sharply at press time. Though the drop might undermine uptrend momentum within the brief run, ETH volumes might enhance if BTC is bullish. 

Subsequently, buyers ought to monitor BTC, particularly if it strikes above $21K. Such a transfer would set ETC to reclaim its November excessive. 

Source link

Tags: DropsETHEthereumGainsLevelShortTraderswitness
ShareTweetShare

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Recent News

Ethereum [ETH]: Rising gas fees affect not just the real world, but Web3 as well

February 8, 2023

Ethereum [ETH] down bad? Scams, gas, DAU plague network – the list goes on

February 7, 2023

US Democrats want more info on agencies’ crypto mining data collection

February 7, 2023

About Us

The website strives to educate individuals in making wise choices about Cryptocurrencies, Mining, Financial Market, and more.

Recent News

  • Ethereum [ETH]: Rising gas fees affect not just the real world, but Web3 as well
  • Ethereum [ETH] down bad? Scams, gas, DAU plague network – the list goes on
  • US Democrats want more info on agencies’ crypto mining data collection

Newsletter

  • Contact
  • Terms & Conditions
  • Privacy Policy

© 2022 whatsupmarket - All rights reserved

No Result
View All Result
  • Home
  • Learn About Crypto
  • Bitcoin
  • Ethereum
  • NFT
  • Altcoins
  • Mining
  • Financial News
  • Market Cap

© 2022 whatsupmarket - All rights reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003679-6.88%
  • lympoLympo(LYM)$0.004392-4.43%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • Dev ProtocolDev Protocol(DEV)$1.76-16.14%
  • B-cube.aiB-cube.ai(BCUBE)$0.183336-4.61%
  • Shard CoinShard Coin(SHARD)$0.216756-21.17%
  • Finance VoteFinance Vote(FVT)$0.007875-2.41%
  • Value DeFiValue DeFi(VALUE)$0.554.96%
  • B20B20(B20)$0.4507925.62%