Ethereum price steadies its bullish outlook with a blast above $1,300 for the first time since mid-December. The largest smart contracts token has been sending out mixed signals amid seemingly low trading volumes since the weekend.
This latest move could clear the path for Ether to pump above $2,000 on improving investor sentiment toward the likelihood of inflation slowing down for the second month.
Although Ethereum price is bullish, Dash 2 Trade (D2T), a crypto analytics and social sentiment platform may prove more profitable in the long run. Dash 2 Trade presale is about to close with over $15 million raised. Investors will start trading D2T on Gate.io and BitMart from Wednesday, January 11, 2023.
️ Subscription: 07:00 AM, Jan 10-Jan 11 (UTC)
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— Gate.io Startup (@Gateio_Startup) January 9, 2023
Ethereum Price Eyes Highs Above $2,000, But Will This Triangle Play Out?
Ethereum price defended support at a long-standing triangle, as shown on the daily time frame chart. A market-wide rebound witnessed last week, enjoyed by selected altcoins like Solana (SOL), Cardano (ADA) and Polygon (MATIC), among other tokens, encouraged Ether bulls to increase their presence in the market – a situation that saw ETH join the party from Monday.
The ongoing bullish trend seems unstoppable and might confirm a long-term bullish outlook in Ethereum, especially now that the price sits above two major averages: The 50-day Exponential Moving Average (EMA) (in red) at $1,255 and the 100-day EMA (in blue) at $1,311.
Ethereum price now trades at $1,327 at the time of writing, although bulls aim for a break out above the triangle pattern, as represented on the chart. Such a move could see ETH shake off the bearish shackles for a sharp spike above $2,000 and a possible move to $2,600.
The Moving Average Convergence Divergence (MACD) indicator validates Ether’s plausible bullish move to $2,000 and $2,600 with movement above the mean line. A buy signal was corroborated by the MACD (line in blue) crossing above the signal line (in red).
According to the On-Balance-Volume (OBV) indicator, trading volume has started rising following a lengthy drop from April 2022. Realize that an increase in volume suggests investors are accumulating the assets ahead of a big move in price.
Traders looking forward to placing more buy orders may do so after Ethereum price confirms support at the 100-day EMA. A break above the same triangle resistance (continuous line) might pave the way to a strong bullish impulse not only to $2,000 but possibly toward $2,600.
The London Crypto, a pseudonymous crypto analyst, told his over 131k followers that Ethereum price is poised to break out a long-term falling channel. Otherwise, it would print a double-bottom pattern ahead of the next bullish impulse.
(1) The London Crypto on Twitter: “$ETH. Bear Market Analysis. Since the high was made in December 2021, price has been moving in a descending channel till date. Price is expected to to continue going up from here OR form a double bottom before the next impulse move. #DYOR #NFA https://t.co/roAgsyZXPf” / Twitter
IntoTheBlock’s In/Out of the Money Around Price (IOMAP) model underpins the optimistic outlook for Ethereum by highlighting solid support between $1,208 and $1,246. Approximately 2.33 million addresses previously purchased 10.60 million ETH in that range, implying buyers have the upper hand.
On the other side of the fence, the absence of strong resistance zones toward $2,000 increases the probability of an Ethereum price rally. For now, the path with the least resistance remains to the upside.
Ethereum Price Recovery Steadies, But Dash 2 Trade Is The Best Crypto To Buy
Dash 2 Trade is an exciting crypto trading intelligence platform built by a team of traders and quants who curved their path into the dynamic industry with the now three-year-old Learn2Trade, a financial trading signals community boasting over 70,000 memberships.
The presale, although winding up in less than 24 hours, will pave the way for the creation of different dashboards, where traders will have first-hand access to trading signals, crypto analytics and social sentiments, presales analyses and listing alerts.
Dash 2 Trade is more than your usual crypto analytics platform, considering the wide variety of services offered. The platform aims to become the top player in the trading intelligence industry by offering a wide range of features, including conducting pre-sale analysis and constructing strategies with advanced backtesting tools. Copy trading is available, as well as access to carefully selected signals, technical indicators, market sentiment analysis, social trading, an auto-trading API, trading competitions, educational resources in an “academy” section and much more.
Dash 2 Trade Is Ahead Of Schedule
Unlike the norm for crypto projects to conclude the presale and then move to the product development stage, Dash 2 Trade hits the ground running with the initial iteration of one of its main products already released for use in the ecosystem.
A beta version of Dash 2 Trade’s presale section of the dashboard launched last week, allowing users from the community to have their first interaction with the platform. Users are free to join the open beta by heading over to beta.dash2trade.com. Only an email address is needed for the presale demo.
(1) Dash 2 Trade on Twitter: “💻HEY #TRADERS💻 Remember that you can still test our BETA of the D2T Presale Area!📈 Let us know if you already did so! 🦾 Follow the link below to participate⬇️ https://t.co/t0nB9KqviW https://t.co/ae2sK6Gp4v” / Twitter
The presale feature functions with a scoring system dubbed Dash Score. With dozens of crypto projects entering the crypto market in search of funds from investors, Dash Score will help investors sift through them and focus only on worthy presales.
Dash 2 Trade – The ‘Bloomberg Terminal For Crypto’
Dash 2 Trade trading intelligence dashboard is unlike any other in the crypto market. More have likened it to the Bloomberg terminal, but for crypto.
Although other crypto analytics platforms in the field, such as Cryptohopper, Glassnode, Maxxer, Messari, and Cointelegraph Markets Pro, offer similar services, none can match the breadth and depth of what Dash 2 Trade offers. For example, these competitors do not have a presale scoring system or trading competitions.
Dash 2 Trade services are offered through a subscription tier, starting with a free tier. Although most features are limited in the free tier, even non-D2T holders have access. Traders who may wish to tap more services on the dashboard can move to the Starter and Premium tiers, where they will part with 400 D2T and 1,000 D2T monthly, respectively.
Dash 2 Trade’s D2T token is listing on two exchanges on Wednesday, January 11, 2023: Gate.io and BitMart. The simultaneous listing on the exchanges means that the token will have plenty of liquidity at launch to accommodate buyers.
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