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Ethereum: The Key is 153From our point of view, the crypto market broke when Ethereum (ETH) cracked. There's no way the crypto market can survive with Ethereum (ETH) going down 8% every day. Looking at the 2-day chart, we see a grizzly Elliot Wave scenario unfolded. The recent range trade - which we initially thought would be a base to move higher - has turned out to be a bearish triangle that could produce a Wave 5 lower. In English, that means there is a risk that people could give up on Ethereum (ETH), and it could just plummet below 100. The key will be to see if Ethereum (ETH) can back above a critical point on its 2-day chart. The crucial point is a horizontal resistance point at 153. If ETH is above that, the bearish Elliot scenario may not unfold. If ETH is below 153, chances are more downside is coming. Bitcoin Cash (BCH) may also be a problem for Ethereum (ETH). The implosion of BCH may be at hand. If that's true, BCH may drag all other big coins down with it. Bottom Line: We can hope this decline somehow stops. The key to recovery or stability will be to see if Ethereum (ETH) can recover back above 153. If not, big coins are in trouble.
COINBASE:ETHUSDShort
by tokenmetrics
ETHUSDT Symmetrical Triangle and Critical Area! Hello Traders, Welcome back, today’s update will be on ETHUSDT , an epic short from previous technical analysis!, will ETH continue or rebound back, IMO I think we’ve still got further downside potential… Points to consider - Respect of the .236 Fibonacci Level, in confluence with daily support - RSI grinding on its resistance - Local resistance at .50 Fibonacci Level - Stochastics projecting more downwards momentum - Volume declining rapidly after climax - Symmetrical Triangle formation, Equilibrium yet to break ETH was showing signs of retracing but it did really fall off a cliff , mainly fueled by BTC’s recent correction. Price is currently holding and respecting current Fibonacci Level, this area is very critical as it’s of confluence with strong structural daily support. The RSI is currently grinding up against a key resistance line, where above it; ETH tends to be in a bullish trend (Green Box). Currently we are trading below resistance, signifying that ETH is still in a bearish trend , if not broken (Red Box). The Stochastics are quite interesting, it too has rebounded off resistance and now trading in a neutral zone, however, it still is projecting more downwards momentum… The overall volume has been declining, currently below average; we’ve had a volume climax candle that showed buyers being strong below daily support. An increase in bull or bear volume will signify which way ETH is headed. IMO , it looks like ETH is forming a pattern known as a Symmetrical Triangle on the hourly, in other words, equilibrium before a continuation. We can clearly see this on the hourly time frame. Price is consolidating on the .236 Fibonacci level, coming closer to the triangles apex. A break bearish of this triangle is more probable at current given time, only cause; we’ve entered the pattern on a strong downtrend… A bearish break will break key structural support; ETH will most likely test lower local support around the $127 mark… What are your thoughts? Is this a symmetrical triangle? Please leave a like and comment And Remember, Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone
Short
by AzizKhanZamani
Ethereum - Falling Wedge Ethereum in Its First Big Bear Market Like Bitcoin in 2015, Analyst SaysNEWS Cryptocurrency investor and Placeholder partner Chris Burniske has argued that Ether (ETH) is enduring its first mainstream bear market, just as Bitcoin (BTC) did back in 2014-15. In a tweet posted on Aug. 20, Burniske noted that in retrospect, 2014-15 revealed itself as having been the best risk/reward period for investors to get Bitcoin exposure. He added: “To objective observers, the network’s momentum was clear despite the bearish price action; those predisposed to dislike based on perceived vested interests, were blinded by biases & missed the bus. What happened to $BTC then is happening to $ETH now.” Bottleneck issues “not solved at all” Parallel to Burniske’s comments on Ether’s price action, the founder of top crypto exchange Binance, Changpeng Zhao, also known as CZ, picked up on the ongoing debate sparked by Vitalik Buterin’s statement this week that the Ethereum blockchain is almost full. CZ tweeted on Aug. 21: “I like Vitalik & ETH, but speed & capacity was a problem a year ago, but now a largely solved problem for newer blockchains (for now). We need to increase real applications that people actually use, so that we hit the new capacity issues/limits again. Focus on applications.” In response, Buterin said that scalability issues are “not solved at all,” noting that even the newer semi-centralized blockchains can only process transactions p/second in the hundreds. EOS, for example — he claimed — has already faced scalability bottleneck issues. The Ethereum co-founder also conceded he was becoming more and more pessimistic about off-chain second layer solutions such as Lightning Network — a scalability solution for Bitcoin which opens payment channels directly between users that keep the majority of transactions off-chain. Thus, the underlying blockchain is only used to settle the net results. Buterin argued that second-layer solutions are “hard to build, require too much application-layer reasoning about incentives, and hard to generalize.” Technicals and price Despite Ether’s latterly bearish fortunes, the results of a recent survey of the global crypto Twitter community indicated that 54% of respondents believe Ether will see $1,000 again. That optimism continues to be tested: in the depths of crypto winter Fundstrat senior analyst Tom Lee made the ill-fated call that ETH/USD would rally to $1,900 by the end of 2018. Meanwhile, Buterin’s recent remarks indicated that with scalability still as thorny an issue as ever, the pressure of high transaction costs and the squeeze for transaction space is keeping new partners from joining the network. If this is right? We will have an extensive wave 3 ... It seems right. XRP walks on the same side
BITSTAMP:ETHUSDLong
by ferGOD
1
Ethereum ETH/USD prediction analysis by pretiming algorithm30-Jun Price forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength. Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk Supply-Demand(S&D) strength Trend Analysis: In the midst of an adjustment trend of downward direction box pattern price flow marked by limited rises and downward fluctuations. Today's S&D strength Flow: Supply-Demand strength has changed from a weak selling flow to a suddenly strengthening selling flow. read more: www.pretiming.com D+1 Candlestick Color forecast: GREEN Candlestick %D+1 Range forecast: 3.2% (HIGH) ~ -1.4% (LOW), 1.4% (CLOSE) %AVG in case of rising: 5.4% (HIGH) ~ -1.7% (LOW), 4.0% (CLOSE) %AVG in case of falling: 2.6% (HIGH) ~ -4.4% (LOW), -1.6% (CLOSE)
KRAKEN:ETHUSDShort
by pretiming
1
ETH doesnt look to bad in the grand scheme of thingsOut of all the crypto out there, I believe ETH is the closest to being done with its major correction. If you take a look at it from the beginning of the correction back in December - January it has almost completed if not completely completed a WXY wave. If you follow the WXY Elliott wave rules, the bottom should of been $119 which ETH already touched and bounce off. So in my opinion ETH is ahead of the recovery game if you ask me. So I give this Crypto a buy at any price between $80 and current price of $124. Now why do I say $80 if you just heard me say it touch the target? Well, because there is still a bottom trend line that hasn't been touch and the price is around $80 and even though it doesn't have to touch the trend line it still can. Overall is a good price though.
BITFINEX:ETHUSDLong
by TheKingOfAces