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CATEGORY: cme futures


Mar 13, 2025 12:05

This Ethereum Monthly RSI Chart Just Crashed To New Lows To Break 2022 Records, What Happened Last Time?

Ethereum’s price has been facing significant downward pressure in recent days, with the cryptocurrency even dipping below the $2,000 mark for the first time since December 2023. The crash below $2,000 has done more harm to the already declining bullish sentiment, and the next outlook is whether there will be more incoming declines or whether the leading altcoin is already nearing a bottom.  Notably, an interesting signal of a probable outcome has been revealed through the Ethereum CME Futures chart, where the monthly Relative Strength Index (RSI) just reached its lowest level on record, surpassing the readings from the 2022 bear market. Ethereums Monthly RSI Drops Below 2022 Levels Crypto analyst Tony “The Bull” Severino has highlighted a significant development in Ethereums technical indicators, pointing out that the cryptocurrencys monthly Relative Strength Index (RSI) on the CME Futures chart has now fallen to its lowest level on record. Related Reading: Ethereum Price Prediction: Extremely Strong Support And Monthly 55 EMA Says ETH Is Headed For $4,867 This decline has pushed the RSI below the 2022 bear market bottom, a period that saw Ethereum reach multi-year lows before eventually staging a recovery. Severino shared this observation in a detailed technical analysis post on social media platform X, using Ethereums Futures monthly candlestick timeframe chart.  The analyst noted that although this drop suggests strong selling momentum, it could also be forming a hidden bullish divergence. This is because the last time Ethereums RSI dropped to such extreme lows, it eventually found its footing around $900 and embarked on a price uptrend in the months that followed. This previous performance raises the possibility of Ethereum approaching a bottom, despite its current downward momentum. It is possible that Ethereum has now found a footing around $1,900 and is now gearing up for another uprend in the coming months. However, Severino remained cautious about the situation, stating that the reading could also mean that the selling pressure is at its strongest and could continue driving Ethereum lower into oversold conditions. Interestingly, he also made it clear that despite the potential for a reversal, he is currently leaning more toward a bearish outlook on Ethereum. Stochastic Indicator Points To A Deeper Bearish Phase Beyond the RSI levels, another key indicator that Severino highlighted is Ethereum’s one-month Stochastic oscillator, which has now dropped below the 50 mark. In a previous analysis, he noted that Ethereum’s drop below the 50 mark is characteristic of a bear maket territory. However, it typically does not find a bottom until the Stochastic indicator reaches below 20 and is in extreme oversold conditions. Related Reading: Ethereum Price Crash To $2,000 Could Happen As Smaller Timeframes Turn Bearish As shown by the chart below, past trends indicate that when Ethereum’s Stochastic oscillator enters bear market territory, it often takes months before the asset stabilizes and begins a strong recovery. At the time of writing, Ethereum is trading at $1,920, having recently reached a low of $1,851 in the past 24 hours. Featured image from Unsplash, chart from Tradingview.com

Dec 06, 2021 07:20

Ethereum Futures – CME Launches Micro Product

CME has announced the launch of the Ethereum Futures micro variant in a significant development for the second largest crypto-asset by market capitalization on Dec 06. It's denominated at 1/10 of 1 ETH and will allow users to speculate with precision. This is especially useful because it offers an inclusive product for market participants of all sizes and different risk appetites. The micro product by CME for Ethereum Futures is financially settled, meaning that the final settlement will be made in cash or any other financial instrument, instead of delivering the actual underlying product ETH.

https://twitter.com/PriapusIQ/status/1467841972324995074

Ethereum Futures - Specifications And Advantages

Ethereum Futures micro product was announced on Nov 02, subject to regulatory approval. It appears that CME was able to pass the regulatory hurdles, paving the way for other futures products also, in the process. CME listed the following benefits for launching a micro variant of Ethereum Futures:

  1. Traders would be able to attain precision in their strategies
  2. Ability to scale up and down incrementally, rather than having to bid 1 ETH as a while
  3. Efficient trading and savings on potential margin offsets
  4. Institional demand for Ethereum will rise further
  5. Increasing accessbility to the world's second largest cryptoasset by market capitalization
  6. Access to market wide liquidity and transparency on the financial product

Ethereum Futures Micro Variant Specifications - CME Official

CME pitched the Ethereum Futures micro variant earlier in the following words “The ETH notional value has increased from $1.7K on the date that it launched to nearly $3.6K on October 11, 2021. The amount of capital needed to access the futures market has significantly increased. To make our market more accessible to risk managers and other traders, CME Group will launch the Micro Ether futures contract, which is 1/500 the size of the Ether futures contract (i.e. 1/10 of one ether versus fifty ether for Ether futures (ETH)

ethereum futures© Cryptoticker

The post Ethereum Futures – CME Launches Micro Product appeared first on CryptoTicker.

Nov 03, 2021 02:30

Ethereum Futures: CME To Launch Micro Product By Dec 06 As Ether Breaches $4500

The leading CME group announced on Nov 02 that it's launching Ethereum Futures by Dec 06 (still subject to regulatory approval), marking it the first time a cryptocurrency is about to get "micro futures" in a lesser denomination than its typical base unit. In this case, Ether itself. The micro Ethereum Futures would be sized at 1/10 of one Ether, according to the official release. This would allow market participants of various sizes and risk appetites to benefit from the leading smart contracts platform in the world.

https://twitter.com/CMEGroup/status/1455527648071913481

CME pitches the benefits for the micro Ethereum Futures product as follows: traders would be able to attain precision in their strategies and will be able to scale their trading positions up or down incrementally. This would also allow futures traders to be more efficient and save on "potential margin offsets". The upcoming launch shows that the institutional appetite for Etheruem is breaching new all-time highs.

The reason for launching Ethereum Futures was described by CME as "The ETH notional value has increased from $1.7K on the date that it launched to nearly $3.6K on October 11, 2021. The amount of capital needed to access the futures market has significantly increased. To make our market more accessible to risk managers and other traders, CME Group will launch the Micro Ether futures contract, which is 1/500 the size of the Ether futures contract (i.e. 1/10 of one ether versus fifty ether for Ether futures (ETH)"

Ethereum Futures Settlement Price - CME Data

Ether price has responded favorably to the news with the world's second-largest cryptocurrency now changing hands at $4545 and establishing a new all-time high. It's now up around 5.1% in the past 24 hours and appears to be in the price discovery mode after a long consolidation. The stars are finally aligning up for Ethereum as fundamentals get better over time and the infrastructure is developed further.

Ether (ETH) Price - CoinGecko

Ethereum Futures Micro CME© Cryptoticker

The post Ethereum Futures: CME To Launch Micro Product By Dec 06 As Ether Breaches $4500 appeared first on CryptoTicker.

Oct 28, 2021 02:50

Once Again, Excess Leverage Causes Major Dip: Here’s the Data

Ah, the pesky degens–never satisfied, always greedy. The crazy dip we saw early this morning, which wiped out most alt-coin gains in the past couple of weeks is clearly due to excess leverage in the market. Many believe leverage is a plague which is the only thing holding Bitcoin back, too. Bets against (shorts) Bitcoin […]

The post Once Again, Excess Leverage Causes Major Dip: Here’s the Data appeared first on CryptosRus.

Jun 21, 2023 12:05

Bitcoin Breaks Out Of Ichimoku Cloud, Storms Toward $28,000

Bitcoin price has made an intraday move higher, pushing above the Ichimoku cloud on BTC CME Futures daily charts. This signal in the past sent the entire cryptocurrency market soaring higher. Will crypto once again continue to storm ahead, or is it about to rain more pain on investors? Bitcoin Storms Above $28,000 After Technical Breakout BTCUSD made a 4% move higher today. While the number is rather insignificant, the minor rally was enough for a major breakout of the Ichimoku cloud on daily timeframes. Related Reading: Bitcoin Recovers Above Critical Level, Why Bulls Could Be Ready To Charge Importantly, the signal has only appeared on BTC CME Futures daily charts thus far. On spot BTCUSD charts, Bitcoin has a little more to climb. However, the breakout on the BTC1 continuous contract chart could be a prelude of what’s to come. Shortly after price action peeked above the top of the cloud, the top cryptocurrency by market cap immediately stormed toward $28,000 per coin. And if history is anything to go by, sky could be the limit on higher prices. Bitcoin has breached above the cloud | BTCUSD on TradingView.com Why Blasting Above The Cloud Could Mean Liftoff For Crypto The Ichimoku cloud consists of Senkou span A and B. When these two spans twist it turns the cloud from green to red, or from red to green. The cloud itself also expands and contracts based on price volatility, and can act as support and resistance. Related Reading: Bitcoin “Throwback” Could Trigger Flawless Technical Bottom Formation Bitcoin escaping the Ichimoku cloud was a crucial breach of dynamic resistance. In the comparison above, BTC leaving the cloud in 2020 led to the most recent bullish rally in crypto. In 2021 after the second top at $68,000 per coin, Bitcoin then retested the cloud and fell right through it. This time, not only did the retest hold, but today’s rally just pushed BTC CME Futures daily chart above the cloud, the Tenkan-sen, and the Kijun-sen. This means that according to the Ichimoku, there is very little daily resistance left. If Bitcoin does behave like the last time it left the cloud, it could be time for liftoff. A close above the cloud could clear #Bitcoin for liftoff 2020×2023 pic.twitter.com/CtC9RyEXen — Tony “The Bull” (@tonythebullBTC) June 20, 2023 Tony is the author of the CoinChartist (VIP) newsletter. Follow @TonyTheBullBTC & @coinchartist_io on Twitter. Or join the TonyTradesBTC Telegram for daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com

Feb 21, 2024 05:50

CME Group to Launch Micro Euro-Denominated Bitcoin and Ether Futures Amid Rising Demand

On Tuesday, CME Group unveiled plans to introduce micro euro-denominated bitcoin and ether futures, set to debut on March 18, contingent on regulatory green lights. These euro-based offerings will mirror their U.S. dollar-based equivalents, each representing one-tenth of the respective cryptocurrency’s value. CME Group Announces Micro Euro-Denominated Bitcoin and Ether Futures Launch Following the 2021 [...]

The post CME Group to Launch Micro Euro-Denominated Bitcoin and Ether Futures Amid Rising Demand appeared first on Crypto Breaking News.

May 16, 2023 02:10

Bitcoin trader eyes CME gap with $24K BTC price dip target in play

Bitcoin (BTC) surfed $27,000 on May 16 as traders stayed buoyant about upside continuation. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView $24,000 BTC price still in play, says trader Data from Cointelegraph Markets Pro and TradingView showed BTC/USD still focusing on the $27,000 mark, having dipped to $26,870 after the daily close. Still lacking [...]

The post Bitcoin trader eyes CME gap with $24K BTC price dip target in play appeared first on Crypto Breaking News.

 Bitcoin trader say BTC headed toward $125K by New Years Even based on Bayesian probability

Author: Cointelegraph by Biraajmaan Tamuly
United States
Nov 12, 2024 12:00

Bitcoin trader say BTC headed toward $125K by New Years Even based on Bayesian probability

Veteran trader Peter Brandt says Bitcoin is following a similar pattern from its past, which could lead to a $125,000 BTC price by New Years Eve.

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