Should You Chase Ethereum Here Or Wait For A Pullback?
In my previous article on Ethereum (ETH) from three weeks ago, I was “… looking for a somewhat tricky, whipsawing, move higher, ideally to around $1880+/-40, but it could even challenge the recent all-time high. From there, I expect several weeks of downside back to $1200+/100. After that, I anticipated the next rally to ~$3000+. However, a weekly close below $1200 targets $900…”
Fast forward, and ETH topped this week, so far, at $1891. Thus, using the Elliott Wave Principle (EWP) and Technical Analysis (TA) was once again a powerful way to forecast the price levels to be reached three weeks in advance. Therefore, it is time to become more cautious by, for example, raising stops, maybe take (partial profits), etc.
In this week’s update, I would like to look at the weekly and monthly charts to better understand ETH’s big picture potential (months to years out). See Figure 1 below.
Figure 1. ETH weekly and monthly charts with EWP count and technical indicators.
A retest of 1200+/-100 and then rally to new all-time highs.
As you can see, the weekly and monthly charts feature two different EWP wave-labels, but both point to higher prices (anticipated paths). The weekly chart’s EWP points to two more rallies (black major-5 and blue Primary-V) after an initial pullback (major-4) before this Bull run is over. Whereas the monthly chart suggests, we could see three more rallies (add purple Cycle 5). I always have an alternate (more Bullish) EWP count for Bull runs like ETH is in to ensure my Premium Crypto Trading Members do not miss out or get caught on the wrong side. The market will eventually tell me which one is correct: “anticipate, monitor, and adjust if necessary.”
What we do know, with all certainty, is that the weekly technical indicators (RSI5, MACD histogram, FSTO, and MFI14) are all negatively diverging (red squares). Although divergence is only divergence till it is not, it means ETH is now moving higher on less strength, less momentum, and less liquidity. The latter is essential because liquidity drives markets. If the buying dries up, only selling is left. However, ETH is well-above all its important Simple Moving Averages (SMAs), which are all rising and Bullishly stacked: 10w>20w>50w>200w). Thus this is still a 100% strong, Bull market.
Story continues
The monthly chart is different as there are no negative divergences on the technical indicators. Instead, the RSI5 is getting very overbought, suggesting there’s less room for upside left over the next 1-2 months. See the 2017 rally for example. However, the monthly Money Flow is still strong, and so is the MACD. Only the FSTO is not in favor of more upside.
Nonetheless, also on the monthly chart, the SMA setup is 100% Bullish: ETH is well-above its rising SMAs, which are also Bullishly stacked: 10m>20m>50m. Thus, this is still a 100% robust, long-term Bull market. Hence, the one-degree higher EWP count compared to what is labeled on the weekly chart has merit.
Bottom line
ETH’s weekly and monthly charts are 100% Bullish and suggest plenty of upside left over the coming months to years. However, negative divergences are creeping in on the weekly chart suggesting a pullback is most likely imminent. A daily close below $1657 will be a severe warning that the $1200+/-100 level will be revisited to complete a more significant correction before ETH can move to new ATHs again.
Buy Ethereum with Binance
This article was originally posted on FX Empire
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Ethereum Prognose für 2021
2017 und Anfang 2018 stieg der Preis der ETH fast exponentiell an. Dies lag an der Tatsache, dass zu dieser Zeit viele Projekte im Ethereum-Netzwerk durch ein Initial Coin Offering (ICO) gestartet wurden. Alle diese Projekte hatten ihre eigenen Münzen. Als Investor können Sie sich an diesen Projekten beteiligen, indem Sie ihnen Fiat-Geld gegen ETH-Token überweisen. ICOs waren in den Jahren 2017 und 2018 äußerst beliebt, und dank der starken Nachfrage hat der Preis für die Kryptowährung ein Allzeithoch erreicht.
Die Ära von ICO ist vorbei. Die staatlichen Regulierungsbehörden haben sich darum gekümmert. Viele Projekte wurden überhaupt nicht umgesetzt, was den Markt sehr schockierte. Jetzt müssen Investoren zweimal überlegen, bevor sie sich auf vielversprechende neue Projekte einlassen.
Es besteht kein Zweifel, dass 2018 heftig war, da die ETH mehr als 92% ihres Wertes verlor, aber seitdem hat die Münze ihre frühere Position wiedererlangt und ist unter 100 USD gefallen.
Die Ethereum-Blockchain ist zweifellos die vertrauenswürdigste Plattform für intelligente Verträge. Von den Top 100 und 1000 Token, für die wir die Marktkapitalisierungszahlen kennen, basieren 96% bzw. 89% auf Ethereum.
Ethereum – Anfang 2020 bei 129 US-Dollar. Der Maximalwert von 2020 wurde am 4. Dezember in einer Höhe von 614 USD aufgezeichnet. Die teuerste Münze wurde im Januar 2018 gehandelt (1.432 USD). Am Morgen des 20. Februar erneuerte der Ethereum-Preis sein Allzeithoch bei 2026,45 USD.
(Grafik: Tangiplay)
Wie kauft man Ethereum auf sichere Weise
Zum Zeitpunkt des Schreibens von diesem Artikel notiert Ethereum bei 1.503,08 USD. Die positive Stimmung der Anleger, das durch die Einführung des Protokolls Version 2.0 eröffnete Potenzial, die Unterstützung der ETH aufgrund des Anstiegs der Bitcoin-Preise und anderer Faktoren deuten auf die Aussicht auf ein weiteres Wachstum des Kryptowährungskurses im Jahr 2021 hin. In den kommenden kleinen Abschnitten erfahren Sie, wie Sie Ethereum kaufen können.
Auf der Börse
Es gibt mehrere hundert Kryptowährungsbörsen. Von diesen sind nur einige Dutzend reguliert, das heißt, sie sind registriert und arbeiten gemäß den Gesetzgebung eines Landes. Die Börsen achten mehr auf die Sicherheit, da sie verpflichtet sind, die Standards eines Finanzinstituts einzuhalten. Sie übernehmen weiterhin Verpflichtungen gegenüber Einlegern. Solche Websites wenden KYC-Regeln auf alle Benutzer an. Dies bedeutet, dass jedes neue Mitglied der Community verifiziert werden muss, um auf der Börse arbeiten zu können.
Exchanges
Exchange-Dienste verfügen über eine vereinfachte Funktionalität. Um die ETH zu kaufen, reicht es normalerweise aus, eine einfache Registrierung ohne Bestätigung durchzuführen, Zahlungsdetails (Karten oder E-Wallet) einzugeben, die gewünschte Münze auszuwählen und auf „Umtausch“ zu klicken. Gelder werden normalerweise innerhalb von 30-60 Minuten gutgeschrieben. Die Vorteile sind: die Geschwindigkeit und Benutzerfreundlichkeit.
Bei Privatpersonen
Bei dieser Methode wird davon ausgegangen, dass der Verkäufer und Käufer untereinander alles ausmachen und vereinbaren. Spezielle Partnerplattformen helfen dabei, die Teilnehmer zum Austausch zusammenzubringen und Bewertungen anderer Benutzer zu veröffentlichen. Die Vorteile liegen in der völligen Abwesenheit von Provisionen seitens der Vermittler sowie in der Tatsache, dass es nicht erforderlich ist, zuerst Geld auf das Konto des Vermittlers zu überweisen, dann umzutauschen und dann wieder in eine persönliche Geldbörse abzuheben.
BTCS Ethereum 2.0 Staking Operation Producing Revenues From All 200 Nodes
Launching additional 40 nodes, increasing total staked to 7,680 ETH valued at approx. $13.8M
Silver Spring, MD, March 18, 2021 (GLOBE NEWSWIRE) – BTCS Inc. (OTCQB: BTCS) (“BTCS” or the “Company”), a digital asset and blockchain technology focused company, today announced its recently expanded transaction verification services operation on ethereum 2.0 is fully operational with all 200 nodes generating revenue. The Company expects to launch an additional 40 nodes, expanding its staking operation to 240 nodes, with the additional nodes anticipated to commence revenue generation before the end of March 2021.
$1.1 Million Revenue Potential from Current Staking Operation
The Company has staked a total of 7,680 ETH in its ethereum 2.0 transaction verification services operation, which has the potential to generate $1.1 million in annual revenue with gross margins exceeding 95%, according to a third-party calculator ( https://beaconscan.com/staking-calculator ).
“We originally set a goal of actively generating revenue from 100 nodes by the end of March 2021. I am excited to report that this goal has been exceeded as BTCS is now actively generating revenue from 200 nodes, and has another 40 expected to come online shortly” stated Charles Allen, Chief Executive Officer of BTCS.
Expanding Transaction Verification Services Business
Allen continued, “We plan to scale up our transaction verification services business line to operate nodes and secure and validate transactions on other disruptive blockchains that we believe allow for greater revenue potential than ethereum.”
Staking-as-a-Service Platform Development
BTCS is actively exploring development of a proprietary staking-as-a-service platform that would enable clients to stake and delegate supported cryptocurrencies through the Company’s platform.
“In addition to the ongoing development of our proprietary data analytics platform, we plan to develop a unique staking-as-a-service platform that will provide additional revenue growth opportunities as “proof-of-stake” verification protocols become increasingly widespread,” added Allen.
On December 1, 2020, ethereum began transitioning to a “proof-of-stake” protocol, ethereum 2.0. Under the “proof-of-stake” consensus algorithm, ETH holders have the exclusive right to operate validator nodes on the network and verify transactions, thereby earning transaction fees for their work. BTCS is the first public company in the US to run validator nodes on ethereum 2.0.
About BTCS:
BTCS is an early entrant in the digital asset market and one of the first U.S. publicly traded companies focused on digital assets and blockchain technologies. The Company through its transaction verification services business actively verifies and validates blockchain transactions and is rewarded with digital assets for its work. The Company is also developing a proprietary digital asset data analytics platform that allows users to consolidate their crypto trades from multiple exchanges onto a single platform, enabling users to view and analyze their performance, risk metrics, and potential tax implications. The Company employs a digital asset treasury strategy with a primary focus on disruptive non-security protocol layer assets such as bitcoin and ethereum. For more information visit: www.btcs.com .
Forward-Looking Statements:
Certain statements in this press release, constitute “forward-looking statements” within the meaning of the federal securities laws including statements regarding our belief regarding the potential revenue and gross margins from our transaction verification services business, our plans for our transaction verification services business, revenue potential and growth, and plans for a staking-as-a-service platform. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation the rewards and costs associated with validating transactions on proof-of-stake blockchains, the third-party calculators failure to be accurate in its formulas, significant decrease in value of ETH and rewards while locked up, loss or theft of the private withdrawal keys resulting in the complete loss of ETH and reward, as well as risks set forth in the Company’s filings with the Securities and Exchange Commission including its Form 10-K for the year ended December 31, 2020. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.