CFD on Ethereum futures technical analysis summary
Buy Stop։ Above 3300.
Stop Loss: Below 2150.
Indicator | Signal |
RSI | Buy |
MACD | Buy |
MA(200) | Neutral |
Fractals | Neutral |
Parabolic SAR | Buy |
Bollinger Bands | Neutral |
CFD on Ethereum futures chart analysis
On the daily timeframe, ETHUSD: D1 has overcome the downtrend resistance line. A number of technical analysis indicators formed signals for further growth. We do not rule out a bullish movement if ETHUSD rises above the latest up fractal: 3300. This level can be used as an entry point. The initial risk limit is possible below the low since July 2021, the last 3 lower fractals and the Parabolic signal: 2150. After opening a pending order, we move the stop following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders after making a trade can switch to a four-hour chart and set a stop loss, moving it in the direction of movement. If the price overcomes the stop level (2150) without activating the order (3300), it is recommended to delete the order: there are internal changes in the market that were not taken into account.
Fundamental analysis of crypto - CFD on Ethereum futures
Berkshire Hathaway has increased investment in a bank that works with cryptocurrencies. Will the ETHUSD quotes continue to rise?
American investment company Berkshire Hathaway, owned by well-known billionaire Warren Buffett, has acquired $1 billion worth of Brazilian Nubank shares. It is the world's largest online bank that also deals with cryptocurrencies using its Easynvest trading platform. Crypto market participants hope that, following Berkshire Hathaway, other conservative investors may become interested in cryptocurrency assets. Recall that earlier Warren Buffett was skeptical about bitcoin and described it as "rat poison squared" (rat poison squared). However, the credibility of cryptocurrencies is growing. In particular, the Mastercard payment system has entered into an agreement with Coinbase to facilitate nonfungible token (NFT) transactions. The quotes of cryptocurrencies and Ethereum may be affected by the draft law on the regulation of mining and the crypto market in Russia. It will be presented by the Russian Central Bank and the Ministry of Finance to the Russian government on February 18.
Want to get more free analytics? Open Demo Account now to get daily news and analytical materials.
This overview has an informative character and is not financial advice or a recommendation. IFCMarkets. Corp. under any circumstances is not liable for any action taken by someone else after reading this article.
Recommended Content
Editors’ Picks
Ripple on-chain metrics show bullish signs amidst legal struggle with SEC, XRP eyes recovery
![Ripple on-chain metrics show bullish signs amidst legal struggle with SEC, XRP eyes recovery](https://editorial.fxstreet.com/images/Markets/Currencies/Cryptocurrencies/Coins/Ripple/Ripple_Coin_31_02_XtraSmall.jpg)
Ripple made a comeback above $0.48 on Tuesday and hovers above that level in Wednesday’s European session. Ripple on-chain metrics such as transaction volume and Network Realized Profit/Loss have turned bullish, supporting a recovery in the altcoin.
Bitcoin price falls amidst German government transfers, miners activity
![Bitcoin price falls amidst German government transfers, miners activity](https://editorial.fxstreet.com/images/Markets/Currencies/Digital%20Currencies/Bitcoin/bit-coin-symbol-flag-3d-illustration-59931110_XtraSmall.jpg)
Bitcoin (BTC) extends correction on Wednesday and hovers around $61,000 after finding resistance near the $64,000 level on Monday. Recent on-chain data indicates heightened selling activity from Bitcoin miners early in the week.
Crypto Today: Bitcoin erases gains from end of June, Ethereum declines while Ripple holds
![Crypto Today: Bitcoin erases gains from end of June, Ethereum declines while Ripple holds](https://editorial.fxstreet.com/images/Markets/Currencies/Digital%20Currencies/Bitcoin/Bitcoin_2_XtraSmall.jpg)
Bitcoin wipes out gains from the last week of June and falls below $60,000 on Wednesday. Ethereum and top altcoins ranked by market capitalization erased gains as the inflation outlook worsened. Ripple holds on to recent gains and hovers above $0.48 on Wednesday.
Three reasons why altcoins could shake off losses this week
![Three reasons why altcoins could shake off losses this week](https://editorial.fxstreet.com/images/Markets/Currencies/Cryptocurrencies/cryptos_XtraSmall.jpg)
On-chain data from Santiment shows that altcoins are currently in the opportunity zone, or generating buy signals. The top three altcoins in the buy zone are Basic Attention Token (BAT), Chromia (CHR), and Highstreet (HIGH), per Santiment.
Bitcoin: BTC price correction could end in July, according to seasonal data
![Bitcoin: BTC price correction could end in July, according to seasonal data](https://editorial.fxstreet.com/images/Markets/Currencies/Digital%20Currencies/Bitcoin/bitcoin_5_XtraSmall.jpg)
Bitcoin (BTC) price appears poised for a decline this week, influenced by slight outflows in US spot ETFs, selling activity among BTC miners, and a combined transfer of 4,690.28 BTC to centralized exchanges by the US and German governments.