. Please note: Content is\u00a0educational and should not be\u00a0considered investment advice.<\/i><\/b><\/p>\nFeatured image from iStockPhoto, Charts from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"In this episode of NewsBTC’s all-new daily technical analysis videos, we are looking at Ethereum ahead of the upcoming Merge using the ETHBTC monthly chart. Specifically, this episode looks at the Ethereum versus Bitcoin trading pair using the Parabolic SAR, Ichimoku Cloud, and much more. Take a look at the video below. VIDEO: Ethereum Versus Bitcoin Analysis (ETHBTC):\u00a0August 23, 2022 Looking at Ethereum\u2019s monthly chart, after a clear violation of the last uptrend ending in 2017, Ethereum entered a bear market against Bitcoin \u2013\u2013 yet was able to build a stable rounded base over the last five years. Related Reading: WATCH: Daily Crypto Technical Analysis August 22, 2022: Bitcoin Price (BTCUSD) Rounded Support And An Inverse Head And Shoulders The rounded pattern has also potentially formed an inverse head and shoulders bottom. With a foundation built and the Merge on its way, this trade has a lot of potential. From the swing low of the pattern to the neckline produced a 350% climb. Applying the measure rule multiplied by the pattern\u2019s percentage of meeting its price target, the pattern\u2019s target is roughly 250%. Will the right shoulder confirm the pattern? | Source: ETHBTC on TradingView.com Related Reading: Ethereum Price Lost 20% Weekly, What\u2019s The Key Support Now? Could The Parabolic SAR Suggest The Flippening Is Ahead? Turning on the Parabolic SAR, the tool suggests a new uptrend could be forming. Parabolic SAR stands for stop and reverse, and tells the market when that moment has occurred. Traders utilize the tool to place a trailing stop loss above or below the SAR counter to the trend. The last two times this signal triggered on monthly timeframes, Ethereum climbed more than 1,000% and 250% against Bitcoin respectively. The second number supports the price objective of the inverse head and shoulders pattern. Is Ethereum about to go parabolic against Bitcoin? | Source: ETHBTC on TradingView.com Related Reading: TA: Ethereum Could Recover To $1,800 If It Clears This Key Resistance ETHBTC Still Stuck In The Clouds For now, ETHBTC remains stuck under Ichimoku cloud resistance. Breaking out from the cloud could provide the thunder and lightning Ethereum bulls are looking for. Price is above the Tenkan-sen and Kijun-sen, which are also crossed bullish. Looking back at the Chikou span, price is at a critical resistance level with only one higher resistance level remaining until price discovery occurs. Ether can’t get out of the clouds… yet | Source: ETHBTC on TradingView.com Learn crypto technical analysis yourself with the NewsBTC Trading Course. Click here to access the free educational program. Follow @TonySpilotroBTC on Twitter or join\u00a0the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is\u00a0educational and should not be\u00a0considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com<\/p>\n","protected":false},"author":517,"featured_media":499532,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[65296,4854,1946,8686,78803,86577,84832],"class_list":["post-499656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethbtc","tag-ether","tag-ethereum","tag-ethusd","tag-ethusdt","tag-merge","tag-the-merge"],"acf":[],"yoast_head":"\n
Crypto Technical Analysis August 22, 2022: Ethereum (ETHBTC)<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n