Ethereum
2350.960
Today
-2.61%
5 Days
-8.59%
1 Month
-8.45%
6 Months
+1.65%
Year to Date
-21.09%
1 Year
-42.85%
TradingKey Timing Strategy - Ethereum
TK Alpha generates a daily timing score ranging from -100 to +100 and maps it to long, flat, short, or leveraged positions. The score reflects both the strategy’s directional view and the strength of its target exposure.
Alpha Gauge
The TK Alpha Gauge is a proprietary, comprehensive daily updated indicator developed by Tradingkey that reflects our outlook on specific financial instruments. Utilizing a long-proven AI framework, the index analyzes hundreds of proprietary price-volume, fundamental, and alternative data predictors. Values range from -100 to 100. Negative values signify a bearish (pessimistic) outlook, while positive values indicate a bullish (optimistic) stance. The further the value from zero, the stronger the quantitative signal. It provides quantitative insight into directional forecasts.
Strategy Data
Historical Return
Ethereum Trading Strategy
Trading Strategy
The downside prevails as long as 2,392 is resistance, with 2,304 and 2,281 as targets
Alternative scenario
above 2,392, look for 2,430 and 2,453.
Comment
The downside prevails as long as 2,392 is resistance, with 2,304 and 2,281 as targets
Cryptocurrency prices remain under intense selling pressure on Thursday, with Bitcoin (BTC) struggling to hold above $81,000 after testing its key demand area near $80,000. Ethereum (ETH) reflects Bitcoin’s weakening technical outlook, edging lower below $2,400.
Analyst sentiment on Bitcoin (BTC), Ethereum (ETH), Solana (SOL), BNB and XRP has flipped bullish since July, as the top five cryptocurrencies recovered faster and more strongly than during the 2022-2023 market phase, according to CryptoQuant.
• Hotter U.S. inflation data and rising yields drove risk-off asset retrenchment. • Spot Ether ETFs experienced persistent net redemptions and declining institutional inflows. • Automated liquidations of leveraged long positions surged amid thinned market liquidity.
Ethereum (ETH) extended its decline below $2,500 on Wednesday after a hotter-than-expected US inflation print renewed selling across the crypto market. At the time of writing, the top altcoin trades near $2,430, down 3.1% in the past 24 hours.
• Weak U.S. ETF demand and macro uncertainty pressured Ethereum prices. • Rising exchange reserves and profit-taking increased localized spot supply. • Derivatives unwinding amplified volatility while technical indicators showed mixed signals.
Bitcoin (BTC) is staging a subtle recovery on Wednesday, holding above $84,000. The Crypto King remains broadly in bullish hands despite failure to break the supply cluster in the $87,000-$88,000 range.
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