Ethereum
2400.610
Today
-0.19%
5 Days
-3.21%
1 Month
+27.65%
6 Months
+12.88%
Year to Date
-19.41%
1 Year
-46.72%
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 2,459 is resistance, with 2,322 and 2,305 as targets
Alternative scenario
above 2,459, look for 2,489 and 2,507.
Comment
The downside prevails as long as 2,459 is resistance, with 2,322 and 2,305 as targets
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) remain under pressure and consolidate at the time of writing on Wednesday after falling more than 3%, 4% and 9%, respectively, as the Clarity Act failed to advance in the Senate on Tuesday.
Ethereum (ETH) declined to $2,400 on Tuesday after the Clarity Act failed to progress in the Senate. Despite that and the market's near certainty of an interest rate hike at the next Federal Reserve (Fed) meeting, the top altcoin has continued to attract fresh capital.
The global crypto market declines nearly 3% on Tuesday after the Digital Asset Market Clarity Act failed to gather the required 60 votes needed to invoke cloture in the Senate.
Arbitrum (ARB) pares losses, trading at $0.135 on Tuesday as the crypto market awaits the United States (US) Senate vote on the CLARITY Act. The Ethereum (ETH) Layer-2 token consolidates after a rally to $0.207 on September 6, the highest level ARB has traded at since January.
Cryptocurrency prices are under pressure on Tuesday, with Bitcoin (BTC) retreating below $77,000.
• Ethereum dropped as institutional investors reduced risk ahead of the Federal Reserve meeting. • Spot Ether ETFs saw moderated momentum and net outflows amid profit-taking behavior. • Leveraged long positions faced liquidations after breaking below key technical support levels.
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