Ethereum
Today
-4.84%
5 Days
-6.39%
1 Month
-14.39%
6 Months
-8.15%
Year to Date
-28.95%
1 Year
-37.79%
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 2,188 is resistance, with 2,092 and 2,075 as targets
Alternative scenario
above 2,188, look for 2,217 and 2,234.
Comment
The downside prevails as long as 2,188 is resistance, with 2,092 and 2,075 as targets
Major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), maintain a broadly corrective tone, extending losses from the previous week.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) bears remain in control, with the top three cryptocurrencies correcting over 4%, 6% and 10%, respectively, last week and marking their fifth consecutive weeks of losses.
Ethereum (ETH) edges lower toward the short-term $2,200 psychological demand area on Friday. The smart contract token continues to sustain a bearish trend, down roughly 8% from the monthly high of $2,442.
Cryptocurrency prices are broadly correcting on Friday, with Bitcoin (BTC) sitting below $76,000. Ethereum (ETH) edges lower near the psychological $2,200 demand area, as bears tighten their grip. Ripple (XRP) paints a similar grim picture, falling below $1.20.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) face renewed selling pressure in the second half of this week amid concerns that Democrats' control of both chambers of the US Congress could lead to tighter crypto and Artificial Intelligence (AI) regulations.
Ethereum (ETH) falls 7% to $2,230 on Thursday as AI stock sell-offs spilled into the crypto market.
Ethereum Technical Analysis
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