Today, I want to show you the possible moves for Ethereum(
ETHUSDT) this week.
Please stay with me.
Let’s first take a look at the important news that has come for Ethereum in the last 24 hours:
Ethereum’s Gas Cap Proposal Sparks Concerns
Ethereum co-founder Vitalik Buterin recently proposed EIP-7983, introducing a gas limit cap to prevent potential DoS (Denial of Service) attacks on the network.
Bearish Takeaways:
This proposal reveals a current vulnerability in Ethereum’s infrastructure. If gas limits grow unchecked, nodes may fail to sync, leading to possible network instability.
Imposing a gas cap could temporarily reduce transaction throughput, affecting DeFi protocols and NFT platforms that rely on Ethereum’s scalability.
The market tends to react cautiously to core protocol changes, and this uncertainty could trigger short-term selling pressure.
Bullish Counterpoints:
The cap aims to strengthen the network’s long-term stability against spam and DoS attacks.
It’s still in the proposal stage, with no immediate impact on users or network performance.
Conclusion:
While the long-term impact may be positive, the short-term uncertainty and exposed risks provide a bearish narrative for Ethereum, especially amid growing competition from alternative chains.
--------------------------------------
Now let's take a look at the Ethereum chart on the 4-hour time frame.
Ethereum is currently trading near the Heavy Resistance zone($2,929-$2,652) and Resistance lines, and is also trying to break the Support line.
In terms of the Elliott Wave theory, it seems that Ethereum has completed the Zigzag Correction(ABC/5-3-5), so we can expect the next bearish wave.
I expect Ethereum to fall to at least $2,433 AFTER breaking the Support line, and if the Support zone($2,491-$2,323) is broken, we should expect further declines.
Second Target: $2,374
Note: Stop Loss (SL) = $2,689= Worst Stop Loss(SL)
Please respect each other's ideas and express them politely if you agree or disagree.
Ethereum Analyze (ETHUSDT), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
ETHUSDT) this week.Please stay with me.
Let’s first take a look at the important news that has come for Ethereum in the last 24 hours:
Ethereum’s Gas Cap Proposal Sparks Concerns
Ethereum co-founder Vitalik Buterin recently proposed EIP-7983, introducing a gas limit cap to prevent potential DoS (Denial of Service) attacks on the network.
Bearish Takeaways:
This proposal reveals a current vulnerability in Ethereum’s infrastructure. If gas limits grow unchecked, nodes may fail to sync, leading to possible network instability.
Imposing a gas cap could temporarily reduce transaction throughput, affecting DeFi protocols and NFT platforms that rely on Ethereum’s scalability.
The market tends to react cautiously to core protocol changes, and this uncertainty could trigger short-term selling pressure.
Bullish Counterpoints:
The cap aims to strengthen the network’s long-term stability against spam and DoS attacks.
It’s still in the proposal stage, with no immediate impact on users or network performance.
Conclusion:
While the long-term impact may be positive, the short-term uncertainty and exposed risks provide a bearish narrative for Ethereum, especially amid growing competition from alternative chains.
--------------------------------------
Now let's take a look at the Ethereum chart on the 4-hour time frame.
Ethereum is currently trading near the Heavy Resistance zone($2,929-$2,652) and Resistance lines, and is also trying to break the Support line.
In terms of the Elliott Wave theory, it seems that Ethereum has completed the Zigzag Correction(ABC/5-3-5), so we can expect the next bearish wave.
I expect Ethereum to fall to at least $2,433 AFTER breaking the Support line, and if the Support zone($2,491-$2,323) is broken, we should expect further declines.
Second Target: $2,374
Note: Stop Loss (SL) = $2,689= Worst Stop Loss(SL)
Please respect each other's ideas and express them politely if you agree or disagree.
Ethereum Analyze (ETHUSDT), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
トレード稼働中
トレード終了: ストップロスに到達
Stop Loss was touched @$2,689Please follow capital management in all positions.
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🔗 t.me/ProTrader_365
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🚀 Up to 75% Trading Fee Rebates Across 20+ Exchanges:
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。