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Ethanalysis

Ethereum Due For a Climb Up!!?Ethereums been getting beaten down recently following Bitcoins lead and we have been trading within a descending channel like we talked about last time, we had a brief fall out of this channel but have since recovered after finding support at the 0.786 FIB level, we have also regained obvious support at the 2618$ level. We have fallen out the downside of our Bullish pennant but definitely still have the chance to regain it in the coming days. Personally i believe Ethereum is due for a very solid move to the upside sooner than later, one reason is because of the sheer downside we have seen recently, we have had quite the correction overall and an upswing is overdue. Now lets get into some better points of why i think we are due for an upswing, the mean reversion channel if you notice to the left we had a decent period of us being in the oversold area, now after backchecking this indicator we have not seen an oversold moment since earlier into 2020!!! This gives me good reason to believe a grind back upto our mean at 3850$ is overdue. Now if we also look at the RSI we notice on here aswell we were strongly oversold, we have since recovered a little bit and have some nice support below us coming from the yellow simple moving average! The whole goal here overall is too make our way back up and above the midline, this would be very key as we could regain a confirmed uptrend! However when we look at the Wavetrend this makes me feel like we could see either a little sideways movement or a possible little drop before we move back up. We are currently sitting at strong resistance where we are beginning to curl, if we can't break through here a little downside is likely, but we just came out of the buy zone which is a bullish sign so i think if we do fall down a little bit more we could likely see a quicker reversal off the second support i have drawn! Overall still bullish on Ethereum in the short term but especially the long term! Will Update going forward! Not financial advice just my opinion!
KRAKEN:ETHUSDLong
by JacobR905
Ethereum Bullish Pennant!Ethereum is following the price action of BTC very closely but instead of a bullish triangle like BTC we are currently trading inside of a bullish pennant! ETH is making some nice gains the past week moving up day by day slowly but surely and we are coming up on some important levels, first off for resistance we are looking at the bollinger bands, ideally a break above the midline would be very key as it opens the door for a run for the top band, where like yall know we could see some explosive price action! Next level of resistance we are facing is the 0.6 FIB level at 2920$, this is definitely going to be a strong level of resistance and we haven't tested it much recently so there is a for sure chance we get rejected right away, but theres also the chance momentum picks up and we smash through, just like how we saw on the drop and fall below recently. We are also going to have some decent resistance coming from the midpoint on the descending channel and finally the goal and target would be a breakthrough the top of this pennant, we have some work to do before getting there but we have seen it happen time and time again, just a matter of time. Now the RSI is looking good we made a strong push up from the oversold zone, we are currently trending down slightly but we could be in for a bounce in the coming days, the key here is getting above that midline to get us back into a confirmed uptrend! Now the MACD, we are looking great here, we are seeing a steady rise on the histogram with our green bars growing each day showing us that rise in bullish momentum and also we have nice separation within the MA's this is key because having bigger space between the blue and orange makes it more difficult for the bears to trigger a bearish cross. Now the goal with the MACD is too just keep moving exactly how it is, climbing MA's and also that rise in green bars day after day, if the histogram starts moving flat or decreasing the chances of this current bull MACD cycle coming to an end is higher! Not financial advice just my opinion!
KRAKEN:ETHUSDLong
by JacobR905
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSWelcome to this quick ETH/USDT analysis. I have tried my best to bring the best possible outcome in this chart. ETH/USDT look bullish and as i told in bitcoin that bitcoin can bounce you if bitcoin bounces then ETH/USDT can also bounce from here as well as old coin of USDT pair can also be pumped Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. THANK YOU.
by CryptoSanders9563
2
ETH Entries + Exits (FREE STRATEGY)The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately. All likes/comments and feedback are very much appreciated! How to play my chart: Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there. The same exact thing goes for resistance sell/break plays!
COINBASE:ETHUSD
by ExclusivelyFX
1
Ethereum Breakout Against BTC Soon!!Looking at our ETHBTC daily chart we notice we have been slumping quite a bit against Bitcoin and have since formed a pennant, we are currently approaching the Apex point where we will see a forced breakout, we have about 3 days before that happens so the chance to breakout before is still there. A positive thing is that we are currently holding onto the 0.2 FIB level which is strong support and we also have a few more levels of support directly below us, we have the bottom of the pennant and then we also have strong support at 0.0733, all of these levels provide a good change to rebound to the upside. As for resistance we are looking at the 0.075 level and the top of our pennant, i will say it is very hard to determine where ETH is headed over BTC but i would confidently say we are much overdue for a reversal. Looking at the Stoch RSI we are on our way down after a bearish cross but the good news is that we have support waiting for us in the oversold zone, we almost everytime see a strong reversal out of this area on its own + we have a nice support level for a likely bounce, so this could mean we could be looking at a false downside breakout on price action before then rebounding back to the upside. Now same thing with the RSI we are still currently below the midline which means confirmed downtrend but we have just caught some needed support, we decide to break below this level we have another level of support coming in a bit lower, now this is where the false downside breakout also ties in! The longer outlook goal is of course to break above the 50. mark so we can reclaim a confirmed uptrend! Not financial advice just my opinion!
Long
by JacobR905
Ethereum Breakout!!Ethereum is looking pretty good on a 4HR timeframe we have formed a bullish flag and have since broken out on our current 4HR candle, this is a great sign of whats to potentially come and we could be looking at a continued run here to the upside! Another positive we saw was holding that 0.3 FIB level at 3200 aprx, as for resistance we are looking at 3337$ and 3400$, we had some trouble with the 3400 level at the top of our bullish flag but this time around we should have the momentum to drive right through! Looking at our bollinger bands we are currently above the midline which we closed over and is now support for us, looking at a potential climb to that top band where like you all know could trigger a further run to the upside, historically closing on the top band can trigger fast paced runs to the upside with big momentum, if this is the case for us i think we can easily breakthrough that 3464$ resistance level to start making the push for 3500$ and 3600$! Our RSI is looking very nice we are back up and above the midline and this is a very good sign overall for ethereum, if we can successfully hold above here we are going to be looking at another confirmed uptrend, we have to take out the Yellow SMA which is currently acting as resistance but getting above here adds another cushion of support for the RSI aswell as the midline! Now the Stoch RSI, we have came all the way down to the oversold zone and currently are making a fast reversal with our blue MA leading the charge creating separation from the orange, now thats exactly what we want to continue to see moving forward, making it more difficult to trigger a bearish reversal, could be looking at a bigger upside move coming up soon! Not financial advice just my opinion!
BITSTAMP:ETHUSDLong
by JacobR905
2
ETHEREUM NEAR FUTURE PREDICTION(1HChart)Technical Analysis Summary ETH/USDT TREND ANALYSIS We have 2 Downtrend in red color (Long Term and internal) We have 2 Uptrend in green color (Internal Uptrend and long term uptrend) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). The Yellow SUPPORT and RESISTANCE Levels are levels already tested and are not an entry level I added it only for explanation purposes to show my strategy. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
BINANCE:ETHUSD.P
by husseindergham
ETH - what's coming in the near future on 2D?The price has broken the main trend line in blue colour on 2D. The purple horizontal lines are liquidity levels - this is where the price always heads to. Keep this in mind. The price has tested Ichimoku support (red colour line of the light green cloud) couple of times, but did not  break it. Currently the price is moving up either within an ascending wedge between black line and blue trend line OR is moving up within black coloured channel towards liquidity level and BB medium.  The indicators unfortunately are not showing much. Stoch RSI and MACD are only suggesting a prise rise, but are yet to provide a confirmation. Price reversal - I see 3 potential points at this time: 1. At descending trend line in green colour. 2. At liquidity level around 4,010-4,030 USD. 3. At Ichimoku's cloud resistance that coincides with a dotted blue line. In either case, price reversal should be confirmed by a daily candle which closes with a pin bar or bears engulfing pattern + a vertical volume should give us a long green candle on that day - then a price reversal and a drop to 3,195 USD becomes most likely! I will update this ETH analysis as we go along.
INDEX:ETHUSD
by WallStreetFox
ETH EXPECTATION IN THE NEAR FUTURE (1H CHART)Technical Analysis Summary ETH/USDT TREND ANALYSIS We have 2 Downtrend in red color (Internal and long term) We have 1 Uptrend in green color (Internal Uptrend) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). The Yellow SUPPORT and RESISTANCE Levels are levels already tested and are not an entry level I added it only for explanation purposes to show my strategy. Sorry I did not post lately since I had covid Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
BINANCE:ETHUSD.P
by husseindergham
1
ETH Making Gains on BTC!!?Ethereum has been performing very well against BTC in the past months making huge gains in a shorter timeframe and i think we are setting up for another big run coming up soon. With the falling of BTC dominance and the rise of Ethereums dominance we are going to start noticing that Bitcoin is likely going to be making minor moves but more sideways price action while the altcoins start to really outperform against BTC. We are not very far off our previous high set set at .088, and its looking like ETH is gearing up to make some new highs and keep this bullish streak going. Looking at our bollinger bands we are just underneath the midline which is currently resistance, what we want to see happen either in 30 minutes from now or at tomorrows daily close is a strong push up and above this point opening the door for us to reach that top band where then we could trigger a big run upwards. The RSI is looking very good we brokethrough the SMA which is now support for us and aswell as the midline, we got up and above here just recently and that is a big key step that we needed. for us to remain in an uptrend we need to hold above this midline on the RSI, falling below and being unable to recover back up puts us in a confirmed downtrend scenario which is never ideal, unless we are talking for BTC.D. The MACD looks very very healthy, we just had a long drawn out 2 bearish period macd cycle and its finally looking like we are coming to an end. Time will tell on our daily close but what we need to see as a start is a open green bar on the histogram with the bars growing in size everyday after that, showing a strong rise in bullish momentum. Second we need to see is a strong bullish cross with our Blue MA pushing away from the orange showing that growth in bull momentum, creating space between the MA's is very important because in this scenario it allows us some breathing room, meaning we can afford to have a couple days of red price action without triggering a bearish cross! Not financial advice just my opinion!
Long
by JacobR905
Ethereum Weekly Outlook! IMPORTANT LEVELS!!Taking a look at our Ethereum Weekly chart we are still moving to the downside but i feel this could be the final week of downside before rebounding to the upside, we have had a total of 7 weeks worth of downtrending candles and that could be coming to an end very soon. we are trading inside of a bullish pennant which historically has lead to upside breakouts, we are just about at the apex point but there is a chance we have 1 more weekly candle before breaking to the upside! We are approaching the 0.2 FIB which is an important level for us to hold going into our next weekly close next sunday. Another few key levels i am looking for us to hold is, the 20 EMA (red) (not as important) the bottom of the bullish pennant or risk falling out the bottom, the midline on the bollinger bands is a pretty big one we gotta hold onto here giving us the chance for a rally to that top band. Now if we did by chance fall to the downside there is one level that is mega important and that is the 50 day EMA (pink) looking at it now its looking like we will be pushing up and above the 0.3 FIB, so if we did fall to the downside these 2 levels would be a crucial hold, either the 50 day will be right overtop of the 0.3 FIB or we will be right below this FIB, this should give us that ultimate cushion for getting a bounce and reversal. Another nice reversal spot we have if we do decide to go down is the support at 3324$, we have had tons of price action on this level back in june-sept and i would say this level is pretty rock solid especially if we only came down to test it once or twice! Overall with the support levels we have a big drop is not really on the table i would say personally, around 3050$ would be my lowest target for a further correction, but i don't think we will even come close to there realistically, the amount of downside we have had over the past 7 weeks is definitely enough for a normal correction and i am looking for that upside breakout of this bull pennant. Last thing lets take a look at the Stoch RSI, we are coming down very fast and we are inside the oversold zone and almost bottomed out, i wouldn't be surprised to see the formation of a reversal coming into this weeks close on sunday, we want to see something similar to what i have drawn out here, a strong bull cross with the blue moving ontop of the orange, even if we don't see the cross happen next sunday i would like to see both lines start to flatten out and tick upwards! Not financial advice just my opinion!
COINBASE:ETHUSDLong
by JacobR905
ETH weekly trend lines#ETH/USD $ETH weekly trend lines #Ethereum can drop more to support zone between $3584.79 and $3420.07 where 2 ascending and descending trend lines meet and make it strong support. staying above this support will increase price to make a new ATH. or if bulls can hold the price above $3853 that is around ascending trend line, it can move upward from here. also RSI candles are above long term ascending support that that holding this support will confirm this move. but if bears success to break support of $3420.07 price will drop more to next support around $3050.
COINBASE:ETHUSD
by parissap
Ethereum Update!!Checking out Ethereum on the daily timeframe we are looking a bit shaky i can't lie, todays been a rough day for the markets overall and we have came way down out of are accumulation zone and we are currently sitting below the 0.2 FIB level which of course is not very ideal and if we do close below here the door is open for a push down to the 3667$ level. After that if we don't hold that support we are looking at the 3464$ level which i think is a good spot to catch a rebound, its a strong support level with tons of price action from months back, if we don't hold here we are looking at the 0.3 FIB or 3214$ which i can't see us going any further for the time being. as for resistances if we close where we are for tonights close we are facing resistance from the 0.2 FIB, the midline on the bollinger bands and the 3990-4K level. Looking at the bollinger bands we notice that price action currently is sitting on that bottom band and if we see a close ontop we could be in for a sharp downside drop likely too the 3464$ level or the 0.3 FIB. The RSI is giving me some hope, even though we crosses below the SMA we are currently ontop of strong support coming from months back and ideally we want price action to push back up above that 0.2 FIB so we can hopefully see a bounce off of this support level on the RSI, ideally in the longer outlook of things we definitely want to climb back and get above that midline, being below keeps u in a confirmed downtrend and being above and holding puts us back in an uptrend! Now the Squeeze momentum indicator, this gives me some hope aswell, we are approaching the midline on the SMI and what we want to see here is a green bar after daily close, this would give us the momentum needed to start making a push back up, the only problem is that if price action closes bearish then we are looking at an increased red bar for our next one and that could kick off yet another bearish squeeze which we dont want to see. Definitely some big closes tonight especially for BTC aswell, our overall direction going forward is still up in the air and we will have to see what our daily close brings us! NFA Just my opinion!!
BITSTAMP:ETHUSD
by JacobR905
1