ایتھریم کی نظر $ 6.5K تیزی کے ہدف کے طور پر ETH قیمت چارٹ پینٹ 'کپ اور ہینڈل'

Ethereum blockchain’s native asset, Ether (ETH), faces the prospect of exploding toward $6,500 in the coming sessions.

ETH ایک کپ اور ہینڈل کی طرح لگتا ہے۔ خیالات؟

- راؤل پال (@ راؤل جی ایم آئی) ستمبر 15، 2021

The bullish analogy takes cues from a textbook technical pattern dubbed “کپ اور ہینڈل.” In detail, a cup and handle structure develops after the price first rallies significantly to the upside and then corrects to carve out a rounding bottom, called the “cup.”

The move follows a rebound toward the prior high and a failed breakout attempt above the said level. As a result, the price pulls back once again and grinds out a smaller rounding bottom, called the “handle.”

Ultimately, the price returns to a prior high for the second time and breaks out successfully, resulting in a move equal to the cup’s depth.

So, it seems the ETH/USD exchange rate has painted a cup and is now forming a handle, as is shown in the chart below.

The depth of the ETH/USD’s cup is nearly $2,437. As a result, should the pair retest $4,112 resistance for a bullish breakout move, its prospect of rising by as much as $2,437 will increase. In doing so, Ether would eye a run-up toward $6,549.

ہارورڈ کا ایک مطالعہ شو that cup-and-handle patterns have a 65% and 68% success rate in forex and stock markets, respectively, on daily timeframe charts.

ادارہ جاتی FOMO آن۔

Ether’s upside analogy appears against the backdrop of growing institutional interest.

ایک رپورٹ published on Sept. 7, Standard Chartered, a multinational banking giant headquartered in London, discussed Ether’s economic use case, adding that the cost to purchase 1 ETH could grow to $26,000–$35,000 in the future.

رپورٹ میں کہا گیا ہے کہ "ETH 2.0 میں موجودہ منتقلی ETH کو اس کی فعالیت اور توسیع پذیری کو بڑھانے اور ماحولیاتی خدشات کو کم کرکے تبدیل کر سکتی ہے ، حالانکہ اس سے سیکیورٹی کے پیچیدہ مسائل پیدا ہو سکتے ہیں۔"

"ETH 2.0 رول آؤٹ کے لیے ٹائم لائن پھسل سکتی ہے ، لیکن مستقبل قریب میں خالص سپلائی میں کمی - جیسا کہ ETH ETH 2.0 کے لیے اسٹیک کیا گیا ہے - کو قیمت کا کشن فراہم کرنا چاہیے۔"

In an interview with CNBC, Cathie Wood, CEO of Ark Invest, said that her firm would split its crypto investments into 60% Bitcoin and 40% Ether. The former AllianceBernstein executive envisioned a higher demand for ETH tokens in the wake of ongoing growth in Ethereum-backed decentralized finance (DeFi) and nonfungible token (NFT) craze.

“I’m fascinated with what’s going on in DeFi, which is collapsing the cost of the infrastructure for financial services in a way that I know that the traditional financial industry does not appreciate right now,” Wood told CNBC anchor Andrew Ross Sorkin at the SALT 2021 conference in New York.

“Our confidence in Ethereum has gone up dramatically as we’ve seen the beginning of this transition from proof-of-work to proof-of-stake.”

دشمنی کے خطرات۔

Meanwhile, Ethereum also faced criticism for its inability to resolve higher transaction fees and network congestion issues. That prompted emerging layer-one blockchain rivals, such as سولانا, ہمسھلن and Cardano, to eat up a portion of Ethereum’s market hegemony.

It will take Ethereum another two years to become a fully functional proof-of-stake protocol, per its official roadmap. The transition consists of a تین قدمی عمل. In the first, Ethereum has implemented the Beacon Chain to introduce staking on a separate layer.

متعلقہ: Cointelegraph ریسرچ: کیا سولانا ایک 'Ethereum قاتل ہے؟'

The next step, scheduled sometime later in 2021, will see Ethereum’s original chain merger with the Beacon Chain. Meanwhile, Ethereum will introduce “تیز زنجیروں” that expect to enable Ethereum to process more transactions in the final phase.

یہاں جن خیالات اور تاثرات دیئے گئے ہیں وہ مکمل طور پر مصنف کے ہیں اور یہ ضروری طور پر Cointelegraph.com کے خیالات کی عکاسی نہیں کرتے ہیں۔ ہر سرمایہ کاری اور تجارتی اقدام میں خطرہ ہوتا ہے ، فیصلہ لیتے وقت آپ کو خود اپنی تحقیق کرنی چاہئے۔

ماخذ: https://cointelegraph.com/news/ethereum-eyes-6-5k-bullish-target-as-eth-price-chart-paints-cup-and-handle