# technical analysis Related Articles

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Why former Bank of America strategist sees an Ethereum ‘tactical bottom’

Stephen Suttmeier, former Bank of America strategist, identifies a potential "tactical bottom" for Ethereum (ETH), contingent on the price holding above $1690-$1700 and reclaiming $1800. A decisive move above $1800, turning the 50-day moving average into support, could target the 200-day MA near $2200, implying a 25% upside. This technical view finds some support from other analysts and a double-bottom pattern on the daily chart. However, on-chain data shows significant headwinds. Exchange selling pressure has surged, with over 220K ETH moved to exchanges recently, and whale selling persists. Furthermore, U.S. spot ETH ETFs, after days of inflows, recorded a $52 million net outflow due to macro risks like U.S.-Iran tensions and bond market volatility. In summary, while technicals suggest a bullish reversal is possible if ETH sustains above $1800, sustained selling pressure and macroeconomic risks threaten to invalidate the optimistic "tactical bottom" thesis.

ambcrypto2h ago

Why former Bank of America strategist sees an Ethereum ‘tactical bottom’

ambcrypto2h ago

SKY up by 12% — Does the price rally have more room to run?

SKY surged 12% in 24 hours, showing potential for further gains. Key indicators support a sustained rally: the funding rate remains moderately positive at 0.0054%, suggesting bullish positioning is not yet excessive. Open Interest increased by 14.25% to $30.24 million, with $4.3 million in fresh inflows, indicating continued capital entering the market. Trading volume rose 106% to $31 million, aligning with the price increase. The perpetual market's long-to-short ratio reached 1.27, reflecting a bullish tilt among traders. Technically, SKY broke through a descending resistance trendline and a key horizontal level. The Accumulation/Distribution indicator shows buying pressure in control, suggesting the price could target higher resistance zones if momentum holds.

ambcrypto07/04 04:28

SKY up by 12% — Does the price rally have more room to run?

ambcrypto07/04 04:28

ETH/BTC Ratio Falls Back To Early-2023 Levels As Traders Debate Ethereum Value

The ETH/BTC ratio has fallen back to 0.027, a level last seen in early 2023, and is significantly below its 2021 peak near 0.088. This prompts a key market debate: Is Ethereum (ETH) now a historically cheap contrarian buy against Bitcoin (BTC), or is it in a structural decline? Analyst Woetoe highlighted this question. Simultaneously, ETH's USD chart (ETHUSDT) indicates bearish correction risk. Analysis from SwallowAcademy points to a broken market structure following an aggressive weekly open, with price rolling over below the $1,774 high and a potential pullback toward the $1,660-$1,723 zone. This creates a complex setup. While ETH appears undervalued relative to BTC, its standalone technicals remain weak. The report concludes that for ETH bulls, the immediate priority is not valuation arguments but reclaiming technical strength and beginning to outperform BTC again.

bitcoinist06/21 10:37

ETH/BTC Ratio Falls Back To Early-2023 Levels As Traders Debate Ethereum Value

bitcoinist06/21 10:37

Bitcoin MVRV Pattern Predicts Major Downswing Ahead – Details

Despite a recent rally, Bitcoin faces predictions of a significant price correction based on historical patterns. Currently trading around $78,000 after failing to break the $82,000 resistance, analysts point to the Market Value to Realized Value (MVRV) metric. Analyst Crypto Chan notes the current MVRV pattern mirrors the structure seen before the final capitulation in the 2018 bear market. After dropping to 1.14 at the recent cycle low of $60,000, the MVRV ratio rebounded to 1.51, similar to the 2018 precedent which preceded a major downswing. Other analysts, like Kabuki, support this bearish outlook, citing a completed head-and-shoulders pattern on Bitcoin's weekly chart. This analysis forecasts a potential drop to $70,000 initially, followed by a decline to key support levels at $61,000 and $47,000, a brief bounce, and a final sell-off potentially reaching a bottom around $41,000 by June.

bitcoinist05/18 01:02

Bitcoin MVRV Pattern Predicts Major Downswing Ahead – Details

bitcoinist05/18 01:02

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