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Apr 26, 2020 (ETHUSD) Retesting Key 200 Level Join the world's largest asset Posted by Ethereum (ETHUSD) continued edging higher this past week as part of its manager and 2 of the world's 5 Darren Chu, CFA largest (and 4 of the 10 largest) Founder strong rebound from the first half of March plunge that brought ETHUSD to hedge funds by AUM as daily Tradable Patterns around the 2019 low. Significantly, ETHUSD is suddenly within a day's volatility readers of Tradable Patterns' of the psychologically key 200 whole figure level. Any decisive break above 200 technical analysis. Since will raise odds in the week or so following for a test of the downchannel becoming available on

resistance line (on the daily chart). Bears should not rule out a retest of the Bloomberg, Refinitiv, Factset, readers have included every 2020 high ahead of the halving. The weekly and daily RSI, Stochastics single one of the global top 10 and MACD are bottomish, rallying or consolidating recent gains. Note that the investment banks. If you two spikes lower (on the daily chart) in April 2019 are specific to the Liquid represent an institutional ETHUSD market, due to insufficient liquidity, marketmaker and circuitbreaker investor or potential distribution partner, write to support (specifically on this exchange market) and not a spike move down on [email protected] to ETHUSD (across other exchange markets). request Bloomberg, Refinitiv and Factset readership reports. Ethereum (ETHUSD) Weekly/Daily/4hr Also seen on Interactive Brokers, Inside Futures, Amazon, Liquid (Quoine), SuperCryptoNews, Alphien, EXMO and Zerohedge, Tradable Patterns publishes 3 newsletters: Today's Top 3 Trades, Equities & ETFs and Crypto Weekly Outlook.

Today's Top 3 Trades offers technical analysis on a subset of 3 CME/ICE commodity/index futures or spot FX markets (with coverage for 2 markets from a designated asset class(es) for each weekday as seen in the Watchlist), plus the top trade idea for the day from any asset class. All 3 markets covered are selected based on their likelihood to exhibit trend reversal or continuation during the week that begins on the day of coverage, based on technical analysis and news flow. For instance, Monday coverage is on 2 Agris (and potentially 1 Index), while Tuesdays are devoted to 2 Indices (and potentially 1 Soft).

Equities & ETFs is the most recently launched weekly newsletter providing technical analysis on monthly and weekly charts of 25 industry leaders and ETFs either at/near 5 plus year lows or which offer high dividend yields.

Ethereum Fundamentals In mid April, Ethereum was on the verge of overtaking the on Crypto Weekly Outlook covers crypto industry fundamentals the measure of value transferred each day. Particularly during the extreme and technicals/fundamentals market volatility in the first half of March, with confidence in the traditional Sundays on Bitcoin, Ethereum banking systems' ability to facilitate fund transfer increasingly tested, many and Ripple. turned to using US dollar-backed like USDT, USDC, PAX and TUSD via the Ethereum . A steadily rising percentage (roughly half) of For less experienced traders, tutorials and USDT transactions are now occurring via the Ethereum blockchain as opposed workshops are offered online to through the Omni channel on the Bitcoin network. Ethereum continues and throughout Southeast Asia. seeing rising activity as well from the DeFi space maturing and gaining traction. Ethereum is also seeing as of mid April, more transactions per second at Tradable Patterns content does roughly 9 versus Bitcoin's 3. In terms of developer involvement, as of March 7, not constitute an advisory and Ethereum had 99 monthly contributors on average, versus Bitcoin's 47. does not make recommendations, but can The Ethereum hard Muir Glacier completed January 2nd, 2020, addressing supplement your own analysis. the "Ice Age difficulty bomb" ahead of a fork planned for Q2 2020 named Please do your own due diligence ahead of any trades. Berlin. Muir Glacier occurred just 3 weeks after Ethereum's Dec 8th hard fork Istanbul, which introduced privacy improvements and altered gas pricing. Ethereum Version 2.0 follows Berlin, moving Ethereum (likely in 2022) from the algorithm for validating transactions to , making transactions faster and cheaper (and eliminating the need for ETH mining and bringing the barriers to system validation to those with a laptop). Other 2020 scheduled improvements including scalability improvements from Sharding and possibly Layer 2 solutions like Plasma and Raiden, along with quantum computing compatible/secure network elements and network redundancy. Meanwhile, Ethereum developers have their work cut out for them as debate rages among developers and miners on mining difficulty and incentives. For instance, the transition later this year to Programmatic Proof of Work will reduce ASIC mining while allowing more GPU and FPGA miners to participate. Newer blockchain competitors built for greater scalability also continue threatening Ethereum by attracting more developers and funding. Although Ethereum is often portrayed as being highly decentralized, it should be remembered that Ethereum's network is increasingly vulnerable as that roughly 40% of its nodes are now hosted within cloud networks like Amazon's AWS, Google Cloud and Alibaba Cloud. Any decision by these Big Techs to push a competing /blockchain could sideline these Ethereum nodes.

The CME appears to be laying the ground work to eventually launch Ethereum futures with its Ethereum reference rate and real-time index.

Industry Fundamentals In mid April, Ethereum was on the verge of overtaking the Bitcoin network on the measure of value transferred each day. Particularly during the extreme market volatility in the first half of March, with confidence in the traditional banking systems' ability to facilitate fund transfer increasingly tested, many turned to using US dollar-backed stablecoins like USDT, USDC, PAX and TUSD via the Ethereum blockchain. A steadily rising percentage (roughly half) of USDT transactions are now occurring via the Ethereum blockchain as opposed to through the Omni channel on the Bitcoin network. Ethereum continues seeing rising activity as well from the DeFi space maturing and gaining traction. Ethereum is also seeing as of mid April, more transactions per second at roughly 9 versus Bitcoin's 3. In terms of developer involvement, as of March 7, Ethereum had 99 monthly contributors on average, versus Bitcoin's 47…

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