X

Benjamin from Albuquerque

Signed up at Inmerion Casino 26 minutes ago.

» Try Inmerion Casino too
Do not show again
After a somewhat lengthy bearish period, Ethereum could very well be coming out of hibernation and entering into a more bullish pattern.

A brief analysis by the team at Crypto Lists will help to shed some light on where this cryptocurrency may be headed.

An interesting landscape emerges

Many experts will note that 2022 has been a less-than-stellar year for the cryptocurrency marketplace. With nearly $2 trillion dollars wiped off of the books since their unprecedented rally in 2021, some experts have dubbed these recent times a “crypto winter”.

However, it is still important to remember that such movements represent natural ebbs and flows of this decentralised marketplace. What goes up can (and will) eventually come back down. Even the most impressive rallies will eventually be followed by re-corrections; sometimes on a rather profound scale. The good news is that Ethereum bulls may soon be back in town. Why is this the case and what might 2023 have in store?

Recent Technical Trading Patterns

The value of Ether has always been closely paired with Bitcoin. Investors will therefore use the disparity between these two currencies to better track where each may be headed. Many analysts have recently observed a technical pattern known as a “cup and handle”.

This occurs when the price of an asset experiences a period of recovery that slightly resembles the shape of a cup when viewed on a classic candlestick chart. This movement then tends to be followed by a slight re-correction (appearing similar to a handle). However, the level of resistance (the neckline) remains unchanged.

Professional cryptocurrency traders view this pattern as being highly indicative of a bullish trend. Let’s note that it is often possible to measure potential profit margins by calculating the sum of the distance between the lowest and highest points of the neckline. Interestingly enough, the ETH/BTC relationship seems to be exhibiting identical movements. In this case, ETH profits of more than 60% may be on the horizon.

Rating: 9.5/10
Supply: 118,780,000 / 200,000,000
Release date: August 1, 2014

Description: Trade Ether (ETH) from one of our top listed crypto exchanges.

Risk warning: Trading, buying or selling crypto currencies is extremely risky and not for everyone. Do not risk money that you could not afford to loose.


More Than Charting Alone

While technical analyses are always very useful when examining the movements of an assets, these hardly represent the “big picture”. It’s just as important to examine other factors.

One advantage that Ethereum has enjoyed in recent times involves relatively strong fundamentals. These are primarily associated with supply and demand. Ethereum is unique in the fact that excess supplies will be removed from the marketplace via an automatic algorithm known as EIP-1559. Sometimes referred to as “burning”, a reduction in supply generally signals an increase in consumer demand.

Another variable involves the fact that every Ethereum holder is required to allocate 32 ETH into an annual contract in order to obtain predictable yields and (in theory) a higher ROI. This proof-of-stake system serves to further reduce the supply of ETH within the blockchain.

Global Economic Concerns

Although the metrics highlighted above seem to paint Ethereum prices in a positive light, let’s keep in mind that macroeconomics still play a crucial role. Some market analysts are concerned that the global markets could very well slip back into bearish territory after experiencing a rather impressive rally in recent times. Issues such as the Ukraine crisis, rising inflation rates, a fall in consumer confidence, and frustrating labour-market constraints all weigh heavily upon the minds of investors.

The main takeaway point here is that cryptocurrencies are not yet seen as safe havens when compared to traditional tangible assets such as precious metals. Therefore, institutional traders may begin halting transactions if they perceive that the crypto markets are slipping into a more bearish pattern. This effect will likely trickle down to individual investors; leading to yet another drop in value.

Taking Movements in Stride

There is no doubt that crypto markets are buzzing in regard to where Ethereum may be headed in the coming months. Some even predict that its price could double to nearly $3,000 dollars by Q1 2023. Still, ETH will need to break through stubborn resistance levels in order to gain the necessary momentum. Perhaps more concerning is the current state of the global economy. As Europe is currently experiencing its largest conflict since the Second World War, nothing is certain in this day and age.

The professionals at Crypto Lists will therefore be keeping a close eye on Ethereum in order to better predict what the future has in store. Either way, it is a foregone conclusion that 2023 should prove to be a landmark year for cryptocurrencies as a whole.

by Our Certified Author
Ether Newsflash
    Mirror on the wall, what's the best ETH Play game of all?Mirror on the wall, what's the best ETH Play game of all?
    Wednesday, 14 Feb 2024 7:18 am
    We guess it's that time of the week again when we've got to bring you the latest and greatest about some of the best crypto casinos of them all. Today's turn is the amazing ETH Play and we're looking at our favorite game of the week. Considering we absolutely love crash and instant win games here at Crypto Lists, we've gotta go with Space XY (review). If you're looking for ridiculous amounts of on-the-go fun then you simply can't go wrong with it. Simply pilot a rocket through X and Y coordinates while placing bets and chasing top multipliers. It's not rocket science. Har har. Play now and see if you can go to the moon...
    Read the full newsflash


    Player wins 10 Ether on Jonny Cash at ETH Play (5176x stake)Player wins 10 Ether on Jonny Cash at ETH Play (5176x stake)
    Monday, 22 Jan 2024 11:25 am
    With Crypto Lists, there is always a pot of luck just around the corner. And, this January there are pots overflowing with it. One of the most iconic crash games paid off well to a lucky player coming from our site this weekend. A small bet on gave a 5176x reward when he played on ETH Play (see more). One of the best anonymous casinos on our site without doubt and one that has a really good ownership team that's really fair. A player this weekend (January 20-21, 2024) had an awesome time there playing on Gold Rush with Johnny Cash from BGaming (see dev). What did he win? A whopping 10 ETH coins straight to his wallet! Not bad. Not bad at all. At time of writing that's around 25,000 USD. Congratulations to Mr. A from the team here...
    Read the full newsflash


    Feel the adrenaline rush on ETH Play's high volatility gamesFeel the adrenaline rush on ETH Play's high volatility games
    Monday, 8 Jan 2024 8:33 am
    It's Monday and it seems the fans of ETH Play (discover it) are already out in droves, at least if Crypto Lists' readers are anything to go by! They're a vocal bunch of crypto gamblers and one section of the site that they love is the High Volatility slots section. You can find it by navigating to the 'Slots' category on the left hand side menu and then selecting the appropriate type of slot from the sections above the game title panels. You'll know it when you see it. Additionally, you can choose from types such as Megaways and Bonus Buy too. Sound good? Thought to. Play anonymously to your hearts content by registering for Eth Play now and seeing where this exciting new crypto casino...
    Read the full newsflash


    Say hello to ETH Play, 2024's hottest crypto casinoSay hello to ETH Play, 2024's hottest crypto casino
    Saturday, 6 Jan 2024 10:05 am
    It's Saturday, it's Saturday and it's time for some fun. And boy do we have a site to which you should run! Yesterday we launched the review of ETH Play (read it) - a no-KYC super site that comes from the founder of one of the best new Bitcoin casinos on Crypto Lists already. Tried and trusted, as they say. We've been waiting for this site to come to market for a long time, and we hope our readers are as happy with it as we are. A marvellous anonymous gaming experience with super-high RTP rates (among the best in the biz), you're guaranteed to have a whale of a time. Sign up to Ethplay right away and don't spend a single second longer...
    Read the full newsflash


    ETH Play: A brand new, no-KYC anonymous Bitcoin casino!ETH Play: A brand new, no-KYC anonymous Bitcoin casino!
    Friday, 5 Jan 2024 5:45 pm
    Ladies and gentlemen, let us proudly introduce you to one of the finest brands recently launched on to the crypto casino scene in 2024. The one, and the only ETH Play (see review). It's been a long time coming but it's finally here. The best thing about it is pretty simple: no KYC today when you sign up. No KYC when you deposit. No KYC when you withdraw your wonderful winnings either! That's right, no KYC ever. You can simply register now and play anonymously without a care in the world and put that crypto that's burning a hole...
    Read the full newsflash

New Casino Reviews
New Crypto Casinos
Best Crypto Casinos
Recent Crypto Sites
Recent Crypto Coins
  • Gorilla logo
     Gorilla
    ETHEREUM-TOKEN
  • Dynasty Wars logo
     Dynasty Wars
    SOLANA-TOKEN
  • Kaspa logo
     Kaspa
    NATIVE-COIN
  • IOTA logo
     IOTA
    NATIVE-COIN
Keep up to date with
 

Our Newsletter

Sign up to our newsletter to get the
latest crypto news, new casinos,
bonus offers and other exciting
exclusives.
* indicates required
CryptoLists.com
Copyright © 2019-2022, by Crypto Lists Ltd (CryptoLists.com). Company name: Crypto Lists Limited. Address: 5 Upper Montagu Street, LONDON W1H 2AG, England.
Jump to top