🔍 Technical analysis: Ascending channel - 8H - It is moving in an ascending channel in the 8H time frame. - It has been in demand recently after hitting the bottom of the channel again. - According to the current form and structure, this upward movement can touch the targets specified in the chart with the support of the green box range. - In the first step,...
🔍 Technical analysis: Ascending channel and corner alcove formation in the green support box area - Continuing the analysis of the previous post , the Ethereum currency faced selling pressure after reaching the daily and weekly supply range. - After the formation of a Double Top pattern, it has had a zigzag correction to the green box range. - It is...
Since my last update on this chart, Ethereum has broken its long term uptrend and dropped almost 40% in value. This was back in May of this year: Zoomed out, you can see the failed long term trendline. Obviously, a break back above it would be a bullish sign, but there's a long way to go, as it's currently around $4,000. Right now, it rests on its 200 and 100...
At 4h: we observe trading under the lower boundary of accumulation and formation of seller and liquidity imbalance zones from above behind the highs and the upper boundary of accumulation. At 1h: here I expect either a liquidity re-sweep from the low or an inversion and a move to liquidity at the local high. Stick to your risk managment!
BINANCE:ETHUSD ETH is consolidating in front of strong resistance. Bulls do not let the price down beyond 0.5 fibo. amid Friday's news, the cryptocurrency market is reviving and ETH has high chances to pass through 2800. A false breakout of the resistance of the range is formed, but instead of falling, the coin is consolidating, which is generally one of...
It needs to break the flag, of course. But when it does, it will hopefully be to the upside and the target is .3.
It's no secret, Ethereum has been struggling this Bullrun. Outperformed by Solana and other new emerging L1's, a permabearish ETH/BTC chart and losing market share in terms of volume on chain to its competitors. The daily chart is a difficult one to digest as a fan of ETH, despite the ETF approval and the institutional investment that has come with it, the...
Trading Setup: Buy on Resistance Breakout Sell on Support Breakout We already bought a little lower We are currently waiting for new signals to make a new decision for our trade So we wait for now In general, if breakout ( up or down ) we will update the graphics What are these signals based on? Classical Technical Analysis Price Action...
Price Range and Volatility: I see #Ethereum is predicted to trade within a range of $2,695.10 to $3,503.26 throughout August, with an average price around $3,173.50. There is a seasonally weak period expected from August to October, which might see ETH prices dropping but still remaining within bullish support levels. If ETH maintains above the $2,555 support...
I have an idea for ETH & BTC. Simple look back to 2020-02-24. ETH down 70% before jumping. Same with BTC, it divided 2.5 times from local top 10K to 3K8 (around 63%) From CoinGlass check the liquidation heat map for ETH and BTC. With current situation, if BTC and ETH price turn down 63% for BTC and 70% for ETH then bottom price will be around 25K for BTC, and...
🔍 Technical analysis: Movement in the descending channel - It is moving in a downward channel in the daily and 4H time frames. - It is located in the middle of the channel and within the liquidity zone. If it can be placed above the region and the middle of the channel, it can retest the ceiling of the supply range channel. - The most important resistance for an...
CRYPTOCAP:BTC has been outperforming CRYPTOCAP:ETH this entire cycle. If Ethereum does not outperform Bitcoin by the end of it, consider it good as dead next cycle, akin to Cardano. Clearly consumers have flocked to Solana for dApps, and Bitcoin is the store of value, which leaves very little room for Ethereum to carve out its own niche as they both continue...
In the weekly time, it is moving in an ascending channel, which after a complex correction and higher floors has formed a runner zone, which can now complete an ascending wave in the specified area, which is the supply area. Therefore, 🔰 in the first scenario, I expect a correction with the support of the $2,500 area after touching the zone, which can appear more...
As price goes down we still can see possible channel pattern but we must hold around 2.600-2.800 to keep it valid. Even if we got bottom it can take weeks of side action before proper break up.
Currently it’s trading around mini support ($3200 - $3293) also between the falling wedge pattern It needs to hold this level for upside movement Otherwise we can see a blood bath till $3k In worst scenario, $2852 can be seen(like very bad news)
BINANCE:ETHUSDT continues the phase of correction, the character of which is consolidation. The goal is to gather potential before possible growth on the trend. The target is 4000-4800 The main focus is on ETH-ETF, which, according to rumors, may be allowed to trade on July 2-4. This will be another positive signal for the cryptocurrency community, as this...
Many see this ETH/BTC price ratio as the ignition for the Alt Season Price is flerting with a long multi-year resistence, since 2021! A strong break out here will signal the so waited Alt Season, but first there must be a retest of the lowest purple line, the Beam Band bottom line Also here, we are still waiting for a local bottom blue tag from Hodlfire...
What if I say the bull run hasn't started yet? It was just a Bitcoin run. Altcoin bull run (2024-25) will start very soon! Retail is now panicked because they think bull market is over! Market will only continue to go down. That's what they think before the real bull run starts. ETH is the king of ALT coins. Both the 2016-17 & 2020-21 ALT bull run started...