Withdrawal after increase over $ 2,000 marks: Is Ethereum on the way to a bullish future?

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Von: Krypto News Österreich

Ethereum, die zweitgrößte Kryptowährung nach Marktkapitalisierung, hat kürzlich die psychologisch wichtige 2.000-Dollar-Marke überschritten. Während die meisten Marktbeobachter sich auf den anhaltenden Kampf von Bitcoin mit einem Preis von 31.000 US-Dollar konzentrierten, folgte auf den Anstieg von Ethereum ein Rückzug, der vier aufeinanderfolgende Tage anhielt. Nun stellt sich die Frage, wie dieser Rückzug historisch gesehen für die Zukunft von Ethereum zu bewerten ist. Um diese Frage zu beantworten, betrachten wir verschiedene Faktoren. Ein erster Indikator ist, ob Ethereum über seinem gleitenden Durchschnitt von 200 Tagen liegt und ob dieser Wert steigt. Diese beiden Faktoren dienen als Maßstab, um das Marktregime zu …
Ethereum, the second largest cryptocurrency after market capitalization, recently exceeded the psychologically important $ 2,000 brand. While most market observers focused on the continued Bitcoin struggle with a price of $ 31,000, the increase in Ethereum followed a withdrawal, which lasted four consecutive days. Now the question arises as to how this withdrawal is historically assessed for the future of Ethereum. To answer this question, we look at various factors. A first indicator is whether Ethereum is above its moving average of 200 days and whether this value increases. These two factors serve as a yardstick to ... (Symbolbild/KNAT)

Ethereum, the second largest cryptocurrency after market capitalization, recently exceeded the psychologically important $ 2,000 brand. While most market observers focused on the continued Bitcoin struggle with a price of $ 31,000, the increase in Ethereum followed a withdrawal, which lasted four consecutive days. Now the question arises as to how this withdrawal is to be assessed historically for the future of Ethereum.

To answer this question, we look at various factors. A first indicator is whether Ethereum is above its moving average of 200 days and whether this value increases. These two factors serve as a yardstick to determine the market regime. Ethereum is currently above its increasing 200-day average, which indicates an improvement in the market environment.

In order to better understand the current situation, we compare the results of the current technical setup, which consists of four consecutive days with low final courses, with a simple "buy and hold" approach. We consider hypothetical results for different holding periods of 7 to 90 days. Interestingly, the “buying and holding” approach exceeds the results of the current technical setup, with the exception of a period of 90 days, in which the current setup performs slightly better.

However, it is important to note that all average trading results are positive for the current technical setup and for "buying and holding" approach. This means that both the current setup and the simple keeping of Ethereum have achieved positive trading results. Another interesting aspect is that the biggest losses for the current setup are lower than for "buying and holding" approach. This indicates that the current setup for Ethereum may be associated with less risk than usual.

Of course, the past is not a guarantee of the future, but based on this analysis, Ethereum seems to have a potential upward potential that meets the expectations of a simple stop. However, there is currently still no significant indication. Nevertheless, it turns out that the risk is lower compared to the statistical results of "buying and holding". Dealers should consider this and possibly consider the opportunities and risks.

This analysis was carried out by the Rectelligence Report Newsletter on Substack. This is an evidence -based cryptom market research and analysis. However, it is important to note that this content is purely pedagogical and should not be regarded as investment advice. The diagrams used were created with tableau, and the Ethereum daily diagrams come from tradingview.com.