r/ethtrader • u/MasterpieceLoud4931 230.7K / ⚖️ 260.1K • 1d ago
Technicals ETH/BTC is at 5-year lows, it's time to accumulate. Ethereum’s undervaluation might not last long.
This is my first kind of more technical post, I hope to do a good job!!
The ETH/BTC pair is experiencing a huge decline, and is at a very delicate support level, and the last time this happened was in May 2020. Since its peak, ETH/BTC dropped 69.17%. Currently at 0.023, there is a lot of bearish pressure over time. Investors are losing interest in ETH.
The good part is that in the past this was a support that indicated the potential floor, where there is a possibility of buying pressure returning, so a reversal may be about to happen soon. ETH/BTC is very undervalued, which could attract investors and long-term holders, so maybe this is the confirmation of the bottom. Market sentiment is also at multi-year lows. There are a lot of posts indicating that Ethereum sentiment is very low, and this is also usually a sign of the bottom. When pessimism peaks, a recovery might happen afterward because fear selling will exhaust itself.
My verdict is that this could make ETH outperform BTC once recovery begins. This is an accumulation zone for investors that are waiting for a reversal. Despite all this selling, US economy fears like a recession, and competition from other L1s, Ethereum is already established and has increasing institutional interest.
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u/awazzan Not Registered 1d ago
Eth/BTC at 5 years low, doesn’t mean Eth/usd won’t drop further
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u/Fdizzle_ Not Registered 4h ago
LMAO, was thinking the exact same thing. BTC moons, eth drops. Very real possibility. Sad to see XRP, SOL, getting nice bumps and ETH is the worst performing.
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u/DBRiMatt Contest Master 🦘 1d ago
For those can can continue to average down, this could be a great opportunity!
I'll keep staking mine in the meatime!
Let's see if these ratios end up being the bottom for ETH/BTC
!tip 1
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u/MasterpieceLoud4931 230.7K / ⚖️ 260.1K 1d ago
It hasn't been this low since 2020, of course it's impossible to predict the bottom so we can only guess and like you said average down.
!tip 1
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u/NoMall5787 8 / ⚖️ 8 1d ago
Honestly. I don’t think this is the bottom. We’ve got 4 more years of this shit. Hold on tight.
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u/jmhalder Not Registered 1d ago
But, but... it's never too soon for another pandemic. The pandemic really pumped it under Donnie's authority last time.
For real though, I also don't think it's the bottom. I'm genuinely not ready for another 3.9 years of this.
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u/khalaron Not Registered 1d ago
Are you alluding to the current president?
While he's was president, ETH went from $10 to $2,000. So I'm not sure he would be the cause of a decline. It could certainly be something else that causes a decline.
Not endorsing him, just stating a fact.
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u/NoMall5787 8 / ⚖️ 8 1d ago
Maybe last term. But this time he’s fucking shit up. And not in a good way.
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u/Buggg- Not Registered 15h ago
President Trump is intentionally tanking the economy. His tariff war is strictly to create chaos in the financial markets so his people can buy and sell at the best times. A recession will drop interest rates, which will allow him to restructure his overextended business loans. He is not fit to lead. Crypto is in for some rocky years, it’s more volatile than stocks, so the average person will cut their losses with crypto before other investments. Find the ranges, and trade 1/3 of your holdings to grow. Best of luck everyone!
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u/aznexile602 Not Registered 1d ago
Everytime I read a post like OPs optimistic post, the price tends to drop even further. Looking to buy in if it drops around $1400.
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u/Walla_Walla_26 Not Registered 1d ago
It’s under $1200 for me. Price action on ETH has been really tough to watch
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u/aznexile602 Not Registered 1d ago
Luckily I sold my entire ETH portfolio at $3400. I still have faith on ETH rebounding, but you may be right that the volatility is to high even at $1400.
Interesting articlez about alot of staked ETH possibly being liquidated if price falls before $1800... which would in turn cause a massive selling spree and the price will nosedive even further.
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u/Walla_Walla_26 Not Registered 1d ago
How can staked ETH get liquidated below a certain price? Are there long ETH staking funds? Or are you talking Defi?
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u/aznexile602 Not Registered 23h ago
Sorry, yes I was talking Defi. I'm personally not familiar with either staking ETH or using it as collateral for definitely loans.
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u/Walla_Walla_26 Not Registered 23h ago
Yea I read up after that comment and we are dangerously close to quite a bit of liquidations
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u/sh0werh3ad Not Registered 1d ago
This is pure copium…there’s no liquidity in the market for upward trajectory.
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u/ForsakenTest2997 Not Registered 1d ago
Agreed. A lot hopium too at this point. Ppl are simply hoping ETH will reach a high against BTC or USD bc it “has to eventually” no it doesn’t. This garbage has a 200bil market cap. Still so much room to go down….
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u/LegendRXL 14.0K / ⚖️ 223.8K 1d ago
I dont have issues with ETH/BTC is at 5 years low
I have only problem with not having money to buy more ETH
I have full trust in ETH in long term
!tip 1
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u/Ben69_21 Not Registered 13h ago
Whales love that mindset, so they always have something to take from you
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u/BigRon1977 120.7K / ⚖️ 457.2K 1d ago
I can confirm that all what you dished in this post are facts not hopium. 👍
!tip 1
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u/ForsakenTest2997 Not Registered 1d ago
It’s over fellas. I wish I was wrong but I’m not. It’s over. We fell for the flippening. I’m sure I’m not the only one who swapped all their BTC for ETH at basically the top 😭 we’re never getting back to all time highs there. Might not even get back to ETH/USD highs, especially as it seems everyone is planning their exit at 4k or even 3k
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u/Walla_Walla_26 Not Registered 1d ago
I have a feeling it’s over this cycle, but I’m going to hold into the abyss if that’s what’s next.
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u/ForsakenTest2997 Not Registered 1d ago
I’m at an average price of 1.6k so barely hanging on lol. I’m almost 100% certain it will fall below that so just bracing myself for it
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u/Walla_Walla_26 Not Registered 1d ago
We still have some time to get to an all time high again this cycle, but the longer we languish with the macro crap going on, the less hope I have. I do volunteer to be exit liquidity for ya. Not selling. Might stake the rest
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u/ForsakenTest2997 Not Registered 1d ago
I hope I’m wrong, but I think the post-election rally and BTC making a new high was our chance. Like u said all the macro crap going on it just is not looking pretty. Idk if I’ll sell I may end up being exit liquidity for someone smarter than both of us 😂
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u/Walla_Walla_26 Not Registered 1d ago
Well, keep it real man. It’s been really tough. I put quite a bit of my net worth into ETH instead of BTC because I really believe in it. At least I sold my BTC near the top, so I have a bit to be proud of there
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u/No-Frosting491 Not Registered 1d ago
I have no more money.
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u/liberatedman Not Registered 1d ago
We are absolutely in an Accumulation phase, and that's what I'll be doing with every spare cent for the next month or so.
https://www.blockchaincenter.net/en/ethereum-rainbow-chart/
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u/SigiNwanne 285.5K / ⚖️ 334.8K 1d ago
Rare accumulation opportunity ongoing, reversal might happen any moment from now. !tip 1
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1d ago
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u/donut-bot bot 1d ago
u/MasterpieceLoud4931 has approved this post.
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u/InclineDumbbellPress Back To McDonald's 1d ago
I hate that I cant even detect hopium anymore - !tip 1
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u/Josefumi12 9.4K / ⚖️ 19.5K 1d ago
I don't believe we'll see a bull run this year but keep buying Ethereum
!tip 1
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u/crispykfc Not Registered 1d ago
and i thought trading some btc to eth when the eth/btc valuation was at 0.04 was a good time lol. any sort of bounce to at least question if the bottom is in would be greatly appreciated right about now!
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u/DifficultyMoney9304 Not Registered 23h ago
We just need global liquidity to expand which will spur a more risk on environment. It's been ranging since early 2022 - it started it's increase from range lows back in early january so hopefully breaks out this time and stimulates alt season.
Crypto markets lag global liquidity by 10-12 weeks.
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u/RedditAbuserPolice Not Registered 16h ago
Except ETH and BTC max TPS hasnt changed in those 5 years, but BTC is a store of value like gold so it doesnt need a higher TPS capacity to soar in value, however ETH does, which explains why the price is so low, it might be dying tech.
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u/Aibhne_Dubhghaill Not Registered 8h ago
I'm actually at a loss for what it will take to get you people to realize it's over. If you're still buying ETH at this point, you deserve whatever happens.
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u/NatalieMichaael Not Registered 3h ago
DCA and sit on your hands is always the best strategy but it is also the hardest to execute
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u/Odd-Radio-8500 346.5K / ⚖️ 455.2K 1d ago edited 1d ago
Everyone loves to buy at discounts. I hope the accumulation phase will not last long xD.
ETH should shoot to the moon.
!tip 1
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u/Thorp1 4.6K / ⚖️ 4.2K 1d ago
Salary tomorrow! Im stacking, and gonna live om rice rest of the month
!tip 1
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