Ethereum Braces for Liquidity Grab as ETH/BTC Encounters 2022 Lows

Ethereum traders are bracing for a potential liquidity grab as the ETH/BTC pair encounters its 2022 lows. Noted crypto analyst Michaël van de Poppe predicts an imminent “liquidity candle” that could see Ethereum versus Bitcoin retest lows not witnessed since the crypto crash of summer in 2022. Van de Poppe suggests that a pending Bitcoin ETF approval in the US could be the catalyst that triggers an altcoin selloff and rotation of funds from Ethereum back into Bitcoin.

However, he also hints at the possibility of a bullish weekly divergence forming given current oversold conditions – an encouraging sign for ETH bulls hoping the damage from any liquidation event proves short-lived. Against this backdrop, traders will be closely monitoring $ETH support levels and looking for signs of strengthening momentum.

Crypto trader Cryptorphic provides a comprehensive analysis of Ethereum’s current state:

  • Concerning Outlook: Signals a potential red flag for short-term altcoin performance.
  • Sentiment Monitoring: Advises monitoring the last 50-day sentiment using the 50-day Moving Average (MA) on the daily chart.
  • Current Position: Despite caution, Ethereum is currently trading above the MA, allowing for reentry if it holds as a deviation.
  • Altcoin Rally Caution: acknowledges the significant rally in altcoins over recent months, suggesting a prudent move to take some profits off the table.
  • Strategic Holding: Encourages considering holding profits in BTC and USDT for a more stable position.
  • DYOR Disclaimer: Reminds followers to “Do Your Own Research” as a critical aspect, emphasizing that the information shared is not financial advice.
Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger!🤫

The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices!

Show more +

Van de Poppe’s anticipation of Ethereum’s liquidity grab and Cryptorphic’s detailed examination provide valuable insights for those strategically positioned in Ethereum.

You may also be interested in:

Check NuggetRush ($NUGX)

Sponsored: Invest Responsibly, Do Your Own Research.
Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.


Rene Peters
Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.