$ETH #Ethereum
Price 1,636.73 (0.05%)
Rising Wedge: 6 hours ago : https://altfins.com/chart-patterns
Profit potential ( Buy ) +6.91%
Rising Wedge identified at Jan 24, 2:00 UTC. Possible bullish price movement towards the resistance 1,749.8335 within the next 4 days.
Price 1,636.73 (0.05%)
Rising Wedge: 6 hours ago : https://altfins.com/chart-patterns
Profit potential ( Buy ) +6.91%
Rising Wedge identified at Jan 24, 2:00 UTC. Possible bullish price movement towards the resistance 1,749.8335 within the next 4 days.
#Ethereum Bullish Resistance Breakout!
Trade setup: Price is still in an Uptrend on long-term basis. Recently it had a bearish breakout from Descending Triangle pattern, dipped but rebounded from 200-day moving average (~$1,630) and a long-term up trendline (blue line in chart), which serves as a support area. Momentum inflected bullish (MACD crossover) and was followed by a break above $1,800 resistance. Price could revisit $2,000 resistance next, before pausing and attacking $2,200 afterwards.
Trend: Uptrend on Short-Term basis, Downtrend on Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $1,700, then $1,400. The nearest Resistance Zone is $1,800, which it broke, then $2,000 and $2,150.
Trade setup: Price is still in an Uptrend on long-term basis. Recently it had a bearish breakout from Descending Triangle pattern, dipped but rebounded from 200-day moving average (~$1,630) and a long-term up trendline (blue line in chart), which serves as a support area. Momentum inflected bullish (MACD crossover) and was followed by a break above $1,800 resistance. Price could revisit $2,000 resistance next, before pausing and attacking $2,200 afterwards.
Trend: Uptrend on Short-Term basis, Downtrend on Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $1,700, then $1,400. The nearest Resistance Zone is $1,800, which it broke, then $2,000 and $2,150.
📈 Week 40, 2023 Market Recap
- #Bitcoin and #Ethereum resilient in the face of market fluctuations.
- Strong US job growth sparks rate hike fears.
- Inflation concerns with signs of possible cooling.
- Key events to watch: CPI data, central bank meetings.
Read Full report: https://altfins.com/research/exclusive/201-Macro-Report--Week-40-2023?type=macro
- #Bitcoin and #Ethereum resilient in the face of market fluctuations.
- Strong US job growth sparks rate hike fears.
- Inflation concerns with signs of possible cooling.
- Key events to watch: CPI data, central bank meetings.
Read Full report: https://altfins.com/research/exclusive/201-Macro-Report--Week-40-2023?type=macro
#Ethereum price of $3,102.46 is up 3.83% in the last 24 hours and up 11.52% in the last 7 days!
Our latest Weekly Valuations Report highlights coins that are currently undervalued and could outperform the rest of the market in 2024.
We analyze protocols with native utility and governance tokens based on their relative valuations (FDV / TVL): fully diluted market cap vs. Total Value Locked.
Our focus is on identifying undervalued coins by selecting top protocols with the lowest FDV / TVL ratios.
For example, in the chart below, #Arbitrum, #Optimism and #Ethereum have much cheaper FDV / TVL valuation ratios than #Aptos, #Sui and #ImmutableX. Perhaps that's an opportunity as their valuations catch up.
In this week's Valuation update, you will find such gems in several categories:
- L1 & L2
- #DEX (Decentralized Crypto Exchanges)
- #RWA (Real World Assets)
- altFINS Research Coin Picks 💎
We analyze protocols with native utility and governance tokens based on their relative valuations (FDV / TVL): fully diluted market cap vs. Total Value Locked.
Our focus is on identifying undervalued coins by selecting top protocols with the lowest FDV / TVL ratios.
For example, in the chart below, #Arbitrum, #Optimism and #Ethereum have much cheaper FDV / TVL valuation ratios than #Aptos, #Sui and #ImmutableX. Perhaps that's an opportunity as their valuations catch up.
In this week's Valuation update, you will find such gems in several categories:
- L1 & L2
- #DEX (Decentralized Crypto Exchanges)
- #RWA (Real World Assets)
- altFINS Research Coin Picks 💎
#Ethereum $ETH Trade setup: Price is in an Uptrend and briefly broke above $4,000 resistance, but failed to hold. Now we look for the right entry opportunity in Uptrend.
We would ideally wait for a pullback to $3,350 support for a swing trade entry in Uptrend with +20% upside potential back to $4,000 near-term and +50% upside potential to its all-time-high (ATH) at $4,860.
That $3,350 level also lines up with 38.20% Fibonacci Retracement level. Stop Loss (SL) level at $3,180. (set a price alert) ETH is likely to benefit from upcoming launch (May 2024) of Ethereum Spot #ETF .
Which related altcoins will benefit? Read our research report: https://altfins.com/research/exclusive/250-Industry-Report--Which-Coins-would-benefit-from-ETFs-approvals-?type=industry
We would ideally wait for a pullback to $3,350 support for a swing trade entry in Uptrend with +20% upside potential back to $4,000 near-term and +50% upside potential to its all-time-high (ATH) at $4,860.
That $3,350 level also lines up with 38.20% Fibonacci Retracement level. Stop Loss (SL) level at $3,180. (set a price alert) ETH is likely to benefit from upcoming launch (May 2024) of Ethereum Spot #ETF .
Which related altcoins will benefit? Read our research report: https://altfins.com/research/exclusive/250-Industry-Report--Which-Coins-would-benefit-from-ETFs-approvals-?type=industry
New Coin Pick is out!
🚀 Introducing the first-ever permissionless marketplace for unsecured institutional liquidity! This blockchain project tackles over-collateralization, offering yield opportunities for all lenders. Backed by top crypto investors and a seasoned team, it’s poised to thrive with recent Ethereum ETF approvals. 🌐
With #Ethereum DeFi booming, this project is set to capture significant market share in Crypto Lending and Real-World Assets. A market cap growth to 0.10% of Ethereum's could double its native token price! 📈
Read the exclusive report (altFINS members only): https://altfins.com/research/exclusive/327-Coin-Pick--Institutional-Decentralized-Credit-Marketplace
🚀 Introducing the first-ever permissionless marketplace for unsecured institutional liquidity! This blockchain project tackles over-collateralization, offering yield opportunities for all lenders. Backed by top crypto investors and a seasoned team, it’s poised to thrive with recent Ethereum ETF approvals. 🌐
With #Ethereum DeFi booming, this project is set to capture significant market share in Crypto Lending and Real-World Assets. A market cap growth to 0.10% of Ethereum's could double its native token price! 📈
Read the exclusive report (altFINS members only): https://altfins.com/research/exclusive/327-Coin-Pick--Institutional-Decentralized-Credit-Marketplace
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🚀 Trade Ideas from altFINS:
Bullish Moves:
Trade Setup: #Ethereum $ETH: Approaching Support
AI Chart Pattern: #WazirX $WRX: Channel Down, Profit Potential: +21%
Signals Summary: Early Momentum (MACD Histogram) Inflection for 229 #altcoins
Market Highlights: Early Bullish Momentum Inflection: $BTC $ETH $BNB
Bullish Moves:
Trade Setup: #Ethereum $ETH: Approaching Support
AI Chart Pattern: #WazirX $WRX: Channel Down, Profit Potential: +21%
Signals Summary: Early Momentum (MACD Histogram) Inflection for 229 #altcoins
Market Highlights: Early Bullish Momentum Inflection: $BTC $ETH $BNB
🚀 The Leading Projects in Total Revenue:
$TRX
$LDO
$ETH
Big news! #Lido outperformed Ethereum in total revenues! An impressive milestone for $LDO. 🌟
#CryptoNews #Ethereum #LidoFinance
$TRX
$LDO
$ETH
Big news! #Lido outperformed Ethereum in total revenues! An impressive milestone for $LDO. 🌟
#CryptoNews #Ethereum #LidoFinance
$ETH price broke below its 200-day moving average, which signaled downtrend. However, it got oversold (RSI < 30) near $2,400 support and bounced up. Also notice the unusually high volume, which also suggests that a lot of sellers have already exited.
Momentum is inflecting bullish again (MACD Histogram rising) and price could reach $2,850 resistance. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup.
Full #Ethereum analysis on altFINS: https://altfins.com/technical-analysis
Momentum is inflecting bullish again (MACD Histogram rising) and price could reach $2,850 resistance. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup.
Full #Ethereum analysis on altFINS: https://altfins.com/technical-analysis
🚀 Top Crypto Revenues (Last 7 Days) 🚀
Here’s a quick look at the performance of some of the top cryptocurrencies over the last 7 days:
$TRX (#TRON ): $65.4M | 📈 +78.68%
$LDO (#LidoDAO ): $15.6M | 📉 -2.11%
$BTC (#Bitcoin ): $9.2M | 📈 +179.96%
$UNI (#Uniswap ): $8.9M | 📉 -14.13%
$ETH (#Ethereum ): $8.1M | 📉 -29.60%
$AAVE (#AAVE ): $5.8M | 📈 +5.42%
$SOL (#Solana ): $5.3M | 📉 -27.89%
$JTO (#Jito) : $4.5M | 📉 -41.48%
$BNB (#Binance Coin ): $3.9M | 📈 +70.31%
$ENA (#Ethena ): $3.3M | 📉 -31.83%
📊 Key Insights:
#Bitcoin and #TRON are leading the charge with massive growth rates of +179.96% and +78.68% respectively!
Meanwhile, Jito and Ethena faced significant declines of -41.48% and -31.83%.
On-chain data: https://altfins.com/on-chain-data
Here’s a quick look at the performance of some of the top cryptocurrencies over the last 7 days:
$TRX (#TRON ): $65.4M | 📈 +78.68%
$LDO (#LidoDAO ): $15.6M | 📉 -2.11%
$BTC (#Bitcoin ): $9.2M | 📈 +179.96%
$UNI (#Uniswap ): $8.9M | 📉 -14.13%
$ETH (#Ethereum ): $8.1M | 📉 -29.60%
$AAVE (#AAVE ): $5.8M | 📈 +5.42%
$SOL (#Solana ): $5.3M | 📉 -27.89%
$JTO (#Jito) : $4.5M | 📉 -41.48%
$BNB (#Binance Coin ): $3.9M | 📈 +70.31%
$ENA (#Ethena ): $3.3M | 📉 -31.83%
📊 Key Insights:
#Bitcoin and #TRON are leading the charge with massive growth rates of +179.96% and +78.68% respectively!
Meanwhile, Jito and Ethena faced significant declines of -41.48% and -31.83%.
On-chain data: https://altfins.com/on-chain-data
🚀 Undervalued Gems in L1 and L2 Protocols 🚀
When it comes to the biggest Layer 1 and Layer 2 protocols by TVL, two projects stand out as the most undervalued:
🔹 #Arbitrum – With a TVL ratio of just 0.44x, Arbitrum is one of the most undervalued Layer 2 protocols on Ethereum.
🔹 #Blast – Holding a TVL ratio of 0.69x, Blast also ranks as a highly undervalued project in the Layer 2 space.
📊 Top L1 Protocols by TVL:
#Ethereum
#Solana
#Tron
📊 Top L2 Protocols by TVL:
#Arbitrum
#Optimism
#Blast
Both Arbitrum and Blast are presenting strong potential given their current valuations relative to TVL! Keep an eye on these projects. 💎
Find more Undervaluated Projects in this report.
When it comes to the biggest Layer 1 and Layer 2 protocols by TVL, two projects stand out as the most undervalued:
🔹 #Arbitrum – With a TVL ratio of just 0.44x, Arbitrum is one of the most undervalued Layer 2 protocols on Ethereum.
🔹 #Blast – Holding a TVL ratio of 0.69x, Blast also ranks as a highly undervalued project in the Layer 2 space.
📊 Top L1 Protocols by TVL:
#Ethereum
#Solana
#Tron
📊 Top L2 Protocols by TVL:
#Arbitrum
#Optimism
#Blast
Both Arbitrum and Blast are presenting strong potential given their current valuations relative to TVL! Keep an eye on these projects. 💎
Find more Undervaluated Projects in this report.