$ ETH Short to Max to 3000

4 dic 2024

Objective: I am waiting and not entering as the open interest is high and Believe th
Objective: Monitoring ETH but not entering immediately due to mixed signals. Open interest remains high, and I expect short-term price fluctuations.

• [] Technicals: Short-term bearish as ETH shows 0.805 correlation with BTC, which is facing downward pressure.
  [] Fundamentals: Competitors like SOL and BNB are outperforming ETH in terms of network scalability and adoption rates.
  

Open Interest:
High. There is potential for upward movement, but risks remain due to market saturation.

ETH Wallet:
Recent outflows from major wallets suggest accumulation by whales, which is a bullish sign over the long term.

Order Book:

Long Squeeze: High activity near $3,630 suggests bearish short-term sentiment.
Short Squeeze: At $3,793, increased liquidity may drive price upward before liquidation for larger order fulfillment.

Aggregated Orderbook Liquidity Delta:
Currently negative, reinforcing short-term bearish sentiment since yesterday.

Data About ETH:

• [] Sector: Decentralized Finance (DeFi), Smart Contracts, and NFTs.
  [] Unique Selling Proposition: Ethereum's dominance in the DeFi and NFT space, coupled with a vast dApp ecosystem.
  [] Blockchain: Operates on its Layer 1 Ethereum blockchain with future Layer 2 enhancements in progress.
  [] Competitors: Solana (SOL), Binance Smart Chain (BNB), Cardano (ADA).
  

Summary:
Short-term bearish signals dominate due to technical and order book factors. However, wallet outflows and long-term fundamentals suggest accumulation and future upward potential. Monitoring levels at $3,630 (long squeeze) and $3,793 (short squeeze) for potential entry points.

Coin Sector

• [] Decentralized Finance (DeFi)
  [] Smart Contracts
  
• Non-Fungible Tokens (NFTs)
  

Coin Information

• [] Ethereum is a blockchain platform supporting smart contracts and decentralized applications (dApps).
  [] Problems solved:
  
  • [] Eliminates intermediaries in financial services.
    [] Facilitates the creation and exchange of NFTs.
    
  • Supports decentralized finance protocols.
    

Coin USP (Unique Selling Proposition)

• [] Enables complex programmable transactions through Turing-complete smart contracts.
  [] Hosts a wide array of decentralized applications across multiple industries.
  
• Supports widely adopted token standards like ERC-20 and ERC-721.
  

Blockchain

• Ethereum operates on its own blockchain.
  

Coin Layer

• Layer 1: Ethereum functions as the foundational blockchain layer for transactions and smart contracts.
  

Platforms Being Traded On

• [] Major platforms: Coinbase, Binance, Kraken, Bitstamp.
  [] Upcoming platform launches: No announcements currently.
  

Project Partners

• Enterprise Ethereum Alliance members, including Microsoft, JPMorgan Chase, Intel, and ConsenSys.
  

Coin Founders

• [] Vitalik Buterin: Co-founder of Ethereum, known for his extensive blockchain expertise.
  [] Gavin Wood: Co-founder, author of Ethereum's Yellow Paper.
  [] Charles Hoskinson: Co-founder, later founded Cardano.
  [] Anthony Di Iorio & Joseph Lubin: Key early contributors.
  

Coin Community

• [] Demographics: Developers, investors, and enthusiasts in DeFi and NFTs.
  [] Engagement: Active in governance, dApp development, and education.
  
• Strength: Strong, loyal, and supportive community driving innovation.
  

Fundamentals Driving the Price

• [] Value addition:
  
  • [] Basis for DeFi, NFTs, and token ecosystems.
    [] ETH is required for "gas" fees in transactions.
    
  [] Future upgrades:
  
  • [] Transition to proof-of-stake (PoS) consensus for scalability and energy efficiency.
    [] Layer 2 scaling solutions like Optimism and Arbitrum.
    
  [] Price targets:
  
  • [] 1 Year: $4,000
    [] 3 Years: $5,500
    [] 5 Years: $7,000
    

News

• [] Spot Ether ETFs triggered significant institutional interest.
  [] Challenges: High gas fees and scalability concerns.
  

Future Plans

• [] Sharding implementation for scalability.
  [] Ongoing upgrades aimed at enhancing network efficiency and usability.
  

Competitors

• [] Primary competitors: Cardano, Solana, Binance Smart Chain.
  [] SWOT analysis:
  
  • [] Strengths: Large ecosystem and developer community.
    [] Weaknesses: High gas fees and scalability issues.
    [] Opportunities: Expanding DeFi and NFT markets.
    [] Threats: Competitors offering better scalability and lower fees.
    

4 dic 2024

Nota

you see clearly the ETH went up to 3800 as I told you to wait

4 dic 2024

Nota

The Open interest for ETH has increased dramatically since Nov 12th which means very bullish so I would not be surprised that if we see 5k ETH soon.

BTC Dela is in negative = Bearish
BTC Open Interest decreased = Bearish

Historically
BTC Has done correction approx. before Christmas and till the start of the Jan.

ETH Delta Negative since yesterday = Bearish
ETH Opent interest increased since today at 9 am UTC+1 = Bearish (Because the delta is negative)


Liquidation Map: a lot of long squeeze at 3500$ build over the last 7 days.

4 dic 2024

Trade attivo

Just entered a trade on ride to short to 3540$

4 dic 2024

Nota