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Ethanalysis

ETH Bear Trap!!?As talked about previously i mentioned the possibility of an upcoming bear trap on the Ethereum bears, where we would breakout and close below our key level at 3990-4K faking out traders into thinking a bigger drop is coming, before then rebounding to the upside and hopefully this plays out as a bear trap because that will mean we will be seeing some nice upside soon to come. We are currently breaking back into our accumulation zone at 4K and its looking like we are going to see a bullish daily close above here which will be big! on the BJ key levels we are looking at the 4k-4100 zone as our first crucial level, a break above here will be a bullish sign and likely give us some momentum to keep pushing to the upside. We do have multiple levels of resistance from 4k-4600 which is our accumulation zone i have been talking about, ultimately we need to break and close above 4600 and hold above here before we can really say we are looking bullish. simply due to the fact that for the past 3 weeks we have been stuck in this range where we are seeing strong hands buy but for the most part moving sideways. A really great sign that i noticed is that we have regained the 100 day MA, this is one of the stronger MA's as it is calculation the moving average over a 100 day period, not any recent movement as far as the 200 day MA goes but it is definitely a positive that we have held this level aswell. We had a bit of a scare when we closed below the 0.2 FIB level and thats why i believe this bear trap is happening, that was a very bearish close but soon after we rebounded to the upside, i think this is just the start. Now lets look at the RMI, we are falling to the downside still but things are starting to look up, we seem to be bottoming out with our pink starting to move sideways and our orange coming down towards the pink, looking for this bullish reversal, we are at the lowest point since the start of October and i think with some good momentum we are due for a big big run to the upside and a big time reversal! Not financial advice just my opinion!
BITSTAMP:ETHUSDLong
by JacobR905
ETHEREUM NEAR FUTURE ANALYSIS (1HChart)Technical Analysis Summary ETH /USDT TREND ANALYSIS We have 3 Downtrend in red color (1 Long term 2 internal) We have 1 Uptrend in green color 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 Daily Support Level is a level already tested and is not an entry level I added it only for explanation purposes but it could be a reversal level. 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
Ethereum Breakout Coming soon!!?Looking at Ethereum it is pretty clear we have no sense of real direction and one thing that stood out to me very clearly is that we are in a wider ranged accumulation phase in the market. Shown by the blue shaded area we have respected this zone very well and are struggling to find a breakout point, what i believe is happening is a big 3 week accumulation period where we are seeing strong hands and big money scooping up Ethereum/ all of crypto before the next leg up. This phase can definitely mess with the emotions and can lead you to believe we are entering a bear market or just a downtrend period, i don't think this is the case though, smart money and big institutions are playing the waiting game striking fear into retail investors and overall giving uncertainty. The past couple days including today have been looking good we are seeing strong bull candles and a push back up into this zone after briefly falling underneath. First off lets take a look at some key levels, the support levels we need to hold onto are the S1, 4000$ (USD), and the very important 0.2 FIB level. Now the resistances that are very key goes as follows, the midline on the bollinger bands is a must regain level and will be a big test once we reach it, the 4400$ level, the crucial pivot point (P) this level if we can close above should give us some much needed bull momentum, then the 4600$ level, a break and close above here is important because it has been the respected top of this accumulation zone and for us to leave this phase this level is key. Then of course we have the 0 FIB level (ATH) which will give us mass amounts of momentum if we can regain it and enter price discovery mode. Now the bollinger bands, another reason why this 4600$ level is so important is because a break above here will land us right on that top bollinger band, and this as we all know can spark an explosive move to the upside and go on a significant run and likely easily breakthrough that ATH! Now the MACD we see that the histogram is decreasing showing us a decline in bearish momentum, want we want to see here is a push back into the green zone and see increasing green bars day after day, aswell as an explosive bull cross with the blue MA taking off from the orange. Not financial advice just my opinion!
BITSTAMP:ETHUSDLong
by JacobR905
ETHUSDT 1HOURLY NEAR FUTURE PREDICIONSTechnical Analysis Summary ETH /USDT TREND ANALYSIS We have 1 Downtrend in red color We have 1 Uptrend in green color 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 Backend 4H level is a level already tested and is not an entry level I added it only for explanation purposes. 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
ETHEREUM 1H NEAR FUTURE PREDICTIONSTechnical Analysis Summary ETH /USDT TREND ANALYSIS We have1 Downtrend in red color We have 2 uptrend in green color (LONG TERM AND INTERNAL TREND) 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). 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 - speculation to go Long on 2D!Provided that today's candle on 2D closes as a pin bar + RSI & RVI bounce off their support lines, then it it plausible to expect the price to follow its path as presented on my chart. This is an potential price action for local correction that may take up to couple of days to complete. The green rectangle represents a good entry point to go SHORT. If price action begins to follow the path then two TP may be available for grabs: 1) TP1 at 4390 USD - first level of correction. 2) TP2 at 4570 USD - this is where we have a 61.8% correction on Fib, descending resistance line in purple colour, as well as resistence level based on horizontal volume.
Long
by WallStreetFox
Bitcoin and Ethereum - what to expect in 2022?Logarithmic TA on 1W shows that the price has already exited the rising green wedge. The price is currently wandering within a second ascending wedge in pink colour. Once the price breaks out of the wedge, it should be expected to go down in proportion to the height of the wedge (thick line shown in purple colour). In support, RSI & MACD show divergence in relation to the rising price. RVI has already broken through 50 - which is the first sell signal. Vertical volumes also continue to fall while the price rises. I want to emphasize once again that this chart purely demonstrates a position perspective! Locally, on lower time frames, such as 4H, the price will continue to go up and down. Also, I want to point out that ETH has a strong correlation with Bitcoin. Its local movements may differ, but the global trends remain the same. Bitcoin is the defining cryptocurrency! Therefore, the analysis is based on bitcoin! ETH will follow Bitcoin's lead. What about the flight to the moon of 100,000 USD? The main argument for the price to rise is based solely on past cycles. However, this is not much of an analysis as it does not take into account macroeconomics. It's like saying my car has been driving 200 km without a stop and therefore, it should drive another 200 km. No, buddy! You need petrol before you can drive any further. In 2021 bitcoin's price went up as a result of hedging against speeding inflation in US, which from May remained above 5.4% on average. The only way bitcoin's price is going up is if inflation continues to grow towards 10-15% + a few more trillion dollars are invested into bitcoin capitalisation. If inflation starts to slow down or the interest rate is raised, there will be no need to hedge against further inflation and as a result bitcoin price will fall. Yes, it will reach 100,000 USD, but not in the nearest term. How does macroeconomics support the downtrend? 1. The FED has already made adjustments to its monitoring policy. Although the interest rate has not yet been lowered, the volume of purchases of financial assets (bonds) has been reduced, which will serve to slow down inflation. 2. There is a real estate bubble in China. Several large construction companies have already defaulted, and the largest Evergrande is already standing on its last breath. The company's shares collapsed. 3. The energy crisis in Europe is in full swing. 4. A recession is coming. Look at the SP500 index on 1W - the price is already at the peak of the rising wedge. No economic growth in 2022-2023 is to be expected! 5. Tether is not going to save the day by creating and pouring more USDT into the market. With their ongoing law suits for market manipulation, lack of auditing and USDT backed by only 2% cash and about 68% by securities and the remainder backed by thin air - is more likely to take a big hit. 6. Lastly, the bankrupted Mt Got (the largest exchange in the past), having lost a lawsuit, is expected to pay compensation to its depositors in the amount of 180,000 bitcoins. The exact date is not known, but it was stipulated to happen in February-March 2022. Would you allow some guy to get 100,000 USD per bitcoin in compensation only to crash the market? Conclusion I hope I got my message across. The herd is driven by greed while market makers are looking for liquidity. I will provide a more detailed vision of the price movement in my next article. If you are on the same wavelength - put a like, subscribe, comment!
INDEX:BTCUSDShort
by WallStreetFox
7
ETH to continue outperforming BTCBitcoin has been slumping pretty hard against ethereum which is a big positive for the altcoin market and the fall might just be starting, everything on BTC/ETH is looking very bearish. We have broken down below 2 pretty heavy downtrend support lines and looking at our current price action it is looking like we will see a daily close below both of these levels which would be a bearish sign for bitcoin but a great sign for ETH and the alts. we have support slightly below our current spot, the S1 & S2 support levels are holding up as of right now but a little more of push to the downside will definitely break these levels. Looking at the bollinger bands we are on our second daily candle where we are riding that bottom band and this plays into the reason i think this drop could just be starting, it is not uncommon when riding the bottom band for the dip to go on for multiple days. For our daily close its looking like we will close once again on that bottom band which is likely to continue dragging BTC down. The MACD recently had a flat period where our histogram bars weren't moving a whole lot, but the past couple days have been looking good, 2 increased red bars which is what we want to see and want too continue. The MA's are just starting to see some big separation increasing the bearish momentum and making it more and more difficult to get a bullish cross in the near term. Not financial advice just my opinion!
BShort
by JacobR905
2
Ethereum Next Leg Up!!?Ethereum has been following my second scenario yellow path pretty perfectly against Bitcoin, we are currently sitting just under resistance at 0.0769 which we have wicked off of multiple times already, weakening the level everytime. We are sort of moving sideways but i think the momentum is building up for ethereum and its only a matter of time before we smash through here! Then we are looking at resistance at the 0.0788 level, i do think we might face a little trouble here aswell but there are definitely some factors that could send us flying right through but we will have to wait and see when the time actually comes. The bollinger bands are providing us some nice support just underneath the 0.0733 level and then we also have support at 0.0716, so i think its comfortable enough to say we aren't going to go far we see further downside, what i am way more interested in is that top band on the bb's and this is one of the factors that could send us flying through both of these overhead resistance levels. If we continue to push up a little bit more we will be sitting right on this top band and if we can secure a daily close on here the chances of us having an explosive upwards breakout are pretty high, historically grabbing onto that top band majority of the time sends PA flying, same thing but opposite for the bottom band. Now the SMI, we are slowly moving our way up in a bullish squeeze, shown by the black crosses and aswell as the increasing green bars everyday, this shows a stronger bull squeeze and the more we increase the more explosive our squeeze release is going to be (shown by black crosses turning white). Now the Chaiken Money flow, we had a nice bounce off of the midline and strong turnaround to the upside, this shows that investors bought up the dip on ethereum and we have money flowing into ETH and since we are going against BTC on this chart its signaling money flowing into ETH rather than Bitcoin, with BTC.D settling and slowly dropping i think altseason is on the horizon and im expecting it to be an absolutely massive one! NFA just my opinion!
Long
by JacobR905
Ethereum Explosive Move On The Way!!Ethereum is looking absolutely amazing against Bitcoin right now and over the past while, we recently had a little accumulation phase where we saw sideways and slightly downwards movement where we built up momentum and now we are breaking out and starting to make a nice run upwards! All shown by my second scenario yellow path, personally think this is just the start for ETH and the altcoins as BTC dominance is looking very bearish! We are approaching resistance at 0.0769 where we could possibly face some trouble and then same thing slightly above around 0.0788, however i don't believe these levels pose a serious threat to ETH because of the huge amount of momentum i think is coming into the market soon. Look at the bollinger bands we are once again starting to climb that top band and for tonights daily close its looking like we are going to be closing directly ontop of here opening the door for an explosive move to the upside likely shredding through these resistance levels! The MACD, we just had a bullish cross a day ago and we are already seeing a very nice increase in our green bars on the histogram, this is exactly what we want to see and shows us the bullish momentum is growing! The MA's right away are giving good separation showing once again some big momentum coming and the more we see the blue move away from the orange the less likely we are to have a near term bearish cross, this also allows price action to have a couple red days for a cooloff without triggering a bear cross! Not the Squeeze momentum indicator, we are only on our first day of green bars on the histogram and this is a great sign that could showing us that a big run is on the way for ETH and the alts, since we are already significantly up on the month against BTC this is a very good sign considering we are only on the fist day of a possible bullish squeeze! The big part about this indicator is the squeeze release which is shown by the black crosses turning white, in this stage price action gets an explosive move to the upside and it is quite possible that we see an extended bull squeeze or even a double cycle bull squeeze! So stay tuned as i continue to update yall! Not financial advice just my opinion!
Long
by JacobR905
ETH/BTC About to Explode! Taking a look at Ethereum VS Bitcoin we have been following by second scenario path (yellow) pretty accurately actually and we are now facing a little resistance coming from the 0.0733 level but i don't think it is going to hold up, i expect us in the coming days to blast through here and continue to outperform BTC. The reason being is due to my outlook on the bearish looking BTC dominance and because over the past almost 3 weeks we have been seeing sideways movement which builds up momentum and i would say there has been a lot of accumulation going on this past 3 weeks, all bullish signs and definitely a momentum builder! If we do see a explosive breakthrough of the 0.0733 level we will be ending up right ontop of that top bollinger band which is a huge deal, we could see a huge run after grabbing onto this band and since we did see big sideways movement our BB's have been squeezing a bit ontop of price action which tells us an explosive move looms, doesn't indicate which direction but with everything i am seeing i think we can expect it to be to the upside! We also have the midline as strong support which is always good and adds a little cushion for Ethereum! The MACD looks super bullish we are just coming off of our red cycle with the Histogram declining day by day all the way to the current spot at the midline and now we await a breakthrough into green territory. we want to see an increase in each green bar showing strength on the bulls side, we are also awaiting a bullish cross which is plays into confirming this, we gotta see a good initial move with the blue MA taking off from the orange creating lots of separation lessening that chance of a near term bear cross. The Squeeze momentum indicator, we are currently still in a bearish stage but i don't think it is leading anywhere we are seeing flat and decreasing red bars which is a good sign for the bulls, it is highly likely at this point we will not see a bearish squeeze release, i believe the current red cycle is due to the slightly declining and sideways movement on price action. I think its just a matter of time before we see a push up into the bullish squeeze territory and honestly i think our current spot is very bullish and actually could be better that we are still in this red phase, reason being is that we could have an explosive move on the bollinger bands and the MACD pushing price action up high and then for our SMI we will only likely just be starting a bullish squeeze which could give us a sort of double pump effect, of course once we get to that point we have to see confirmation on the histogram with increasing green bars everyday. Not financial advice just my opinion!
Long
by JacobR905
Etherium (ETHUSD) 1HOURLY NEAR FUTURE PREDICIONSTechnical Analysis Summary ETH/USD TREND ANALYSIS We have 2 UPWARD trend in green color we have1 downward trend in red The wider the trend the stronger FUTURE PREDICTIONS We have many resistanse and support levels that I have mentioned above. I use thickness as an indicator of stregth of levels (ONLY FOR VISUALS). Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
BINANCE:ETHUSD.P
by husseindergham
Ethereum Looking for a rebound against BTC!Ethereum has been following my second path pretty closely we got rejected off resistance at 0.073 and we have trailed down to support at 0.071 and we are looking for a very important bounce here coming up on our daily close. Looking at the bollinger bands we notice one thing that is not very ideal but isn't super crucial, we have fallen below the midline which is support but we are looking like we will close below here for our DC, this will flip the midline to resistance and could give us a bit of trouble when we try and rebound upwards. However it definitely isn't crucial because with some decent momentum we should be able to blast right through here once again and flip it back to support. Now the RSI, a big part of the reason i think we are looking at a rebound here or coming up shortly is because the heavy supports we have on the RSI, we have our first coming from months back which we are currently bouncing off of and then a hair below that we have decent uptrend support coming from a month or so back. Next up for supports is the midline on the RSI, this is by far the most crucial level that we must hold, if we do we will remain in a confirmed uptrend which obviously is great, but if we do fail to hold this level, fall below, and struggle to regain it we could be looking at a short term downtrend, above the midline once confirmed is a clear uptrend and then below once confirmed is a clear downtrend, could be short or longer term either way. Now lets look at the declining squeeze momentum indicator, we are coming up close on the midline where most people would think we would be soon entering a red bearish squeeze but due to all this support we have especially on the RSI i think there is a good chance that we see a fakeout and continuation of a green bullish squeeze here, just before this current green cycle we had an extended red cycle that had 2 waves of bearish squeeze. so it is definitely a possibility we see something similar here with our current cycle, i have a rough path drawn out showing what we could potentially be in for and its not out of the question. At some point soon we gotta see an increased green bar showing signs of a reversal, and from there we need to see daily increases in our bar size and then we will be in another confirmed bullish squeeze, the squeeze portion is shown by the black crosses on the midline and the squeeze release which is the very explosive part of this is shown by the black crosses turning white, majority of the time when we see the release we get an explosive to the upside in this case! Not financial advice just my opinion!
Long
by JacobR905
ETHUSDT Explanations what happend past couple weeksTechnical Analysis Summary ETH /USDT Today I will be explaining what has happened in the past couple of weeks simply buy using 2 tools (TRENDS,SUPPORT AND RESISTANSE LEVELS). Green levels are levels of support Red levels are levels of resistanse yellow old trend (no longer active) Green trends (active trends) Most of my explanation can be found on the chart If you need any aditional explanation or help ​don't hesitate to send me a message or comment Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
BINANCE:ETHUSD.P
by husseindergham
ETH New ATH & Price Discovery!!Ethereum is continuing to run in beast mode almost making new ATH's everyday, we are still travelling up and respecting our ascending channel as we are once again pushing that 0 FIB or our ATH! We could be considered in price discovery mode right now but i think with some big momentum we could be blasting off to go on a huge run to the upside, facing currently no resistance levels once we break above our ATH! We have a bunch of very solid support levels underneath us with the bottom of the ascending channel aswell as uptrend support inside the ascending channel we got the R1 Level which is now support and then aswell as the midline coming from the bollinger bands, if we do see a couple down days i really don't expect us to go very far. Now something else very interesting with the bollinger bands is our price action is currently sitting directly ontop of the top band, and now we haven't seen an explosive climb up this band yet in this ascending channel we could be looking at a mega one coming up soon, our daily close is looking like we will close directly ontop of this band which is always a very very good sign and could send us flying to the upside, plus pair that with our current situation of being in price discovery mode and having little to no resistance above us.. seems like a recipe for a massive run up coming soon! Now the MACD is starting to look good, we have been seeing lots of tight movement from the MA's with a flat histogram but we could be getting ready for another bullish MACD cycle, we are yet to create a bearish cross and if you actually look at the histogram starting from the verticle line i drew we are seeing something very positive, a daily increase in our green bars, this is a very good sign and could be signalling the start of another bullish cycle on the MACD, we gotta see this continue though day after day increasing green bars showing a rise in bullish momentum, we can't see a flat histogram or a decreasing one, this would likely result in a bearish cross putting downside pressure on ETH. Now the MA's are starting to show some positive signs, the blue MA is ticking slightly to the upside which is what we wanna see, we gotta see that separation in the MA's lessening the chance of a near term bear cross and allowing for a little downside without triggering a bear cross! Overall no matter what we do in the coming days i am extremely bullish on ETH and altcoins going through this month, also should point out BTC dominance is currently slightly rising putting some pressure on the altcoins but once we see a rejection or a bit of a drop i think the altmarket is going to start exploding with many coins likely too create new ATH's! Not financial advice just my opinion!
BITSTAMP:ETHUSDLong
by JacobR905
Ethereum going to breakout!!?Ethereum has been performing so well against bitcoin with us having a huge climb to the upside and we are currently at the apex point of this bullish triangle and we are looking for a breakout! Likely to the upside i personally think, following a breakout upwards i think we could definitely see a rejection off of the next resistance level and then there is some possible sideways movement that will follow, i think that there is a good chance after the rejection we will be coming back down to test the resistance we are currently at as shown by my path, and keep in mind that is a rough path and we could see a longer period of sideways movement. We are also looking at regaining the last pivot point which is shown to the left slightly above our current resistance which would be huge, and then the R1 resistance level and that is part of why i think we will most likely see a rejection once we reach that point. Also should point out that ethereum created a new ATH today on its USD pair and that definitely brings lots of bullish momentum to the table and puts us into price discovery mode which is mega bullish! Another scenario that i should point out is if by chance we see a breakout to the downside we have very solid support coming from the 0.2 FIB where a fakeout scenario could come into play, many traders will think heavier downside is coming if we breakout of this triangle bearish but we will almost certainly bounce off the 0.2 FIB before then taking on the same sort of path just on a longer timeframe, as shown by the yellow path. Now the MACD is looking good we have good spacing inbetween the MA's which is key and lessens the chance of a near term bear cross but the main thing is that id say we still have some momentum to get a nice break to the upside here and once we see that R1 rejection that will likely be the point of a bearish cross but will allow our MACD to reset and cool down a bit before taking off again! Not financial advice just my opinion!
Long
by JacobR905
ETHUSD - Ethereum is going down!My TA on 1D shows that: 1. Price came out from the ascending wedge at its peak. 2. Vertical volume decreased while price went up. 3. RSI shows divergence against price. 4. MACD confirms RSI's divergence. 5. Based on horizontal volumes liquidity for MM is concentrated on given level on the chart. Correction for the last impulse is logical. Correction can fly down Fib starting from 38.2% to 50% and 61.8%. That would be your TP. It is common for ETH to lag behind BTC, but in the end it follows BTC's trend. There is more fundamental analysis on Bitcoin in my article linked below.
BINANCE:ETHUSDShort
by WallStreetFox
1