Get started

Ethanalysis

ETHBTC Explosive Breakout!ALTseason could be upon us, ethereum just had a beautiful breakout against BTC out of this descending wedge! We are currently facing some resistance at the 0.2 FIB but we did have a nice wick pretty well above here! We notice on the MACD we are in and out of a bullish cross and we gotta look for separation in the MA's once the bull cross happens, we need to see that momentum pick up, also the histogram looks great we are coming to an end with the red cycle and we are very close to breaking into that bullish territory, we want to see increasing green bars each day! Now checking out the bollinger bands, we are looking very good our current candle has touched the top band which is always very bullish and if we see this continue im sure we are going to melt up pretty hard, we do have some light resistance halfway through the 0.2 FIB and im sure if we take a ride up the bollinger bands it'll take us right there! Not financial advice just my opinion! ps. very important that we get a daily close above the 0.2 FIB, then we will be looking mega bullish!
Long
by JacobR905
ETH DOMINANCE READY FOR A RUN UP!!Checking out ETH's dominance we notice that it looks like we have found some decent support here at 18.20% and we are seeing a couple transition candles, one a couple days ago and another one in the making today, now if we can hold this support and have another green transition candle i think we are set to make another run up! First off id like to compare the ETHUSD chart shown in the first pane (orange) vs the eth dominance chart, as we can see i've marked the start of run ups with vertical lines and as u notice when dominance starts to rise up so does the ETH price, as shown in the first pane, we have been in a nice uptrend recently on ETHUSD and now that we have seemed to have found a bottom here i think we are going to continue this, now keep in mind if BTC falls off a cliff this TA probably wont be valid anymore! Checking out the MACD we are looking good and it seems like we are starting to see a pushback and eventually a bullish cross, histogram is getting real flat and not moving a whole lot anymore. The Stoch RSI looks very good we are starting to see what looks like a huge upswing and an upcoming bullish crossover, even better we are currently in the oversold zone and it doesn't look like we have really anywhere else to go but upwards! Same thing kind of for the RSI we aren't in oversold but we have dipped into the confirmed downtrend area but i don't like its going to last, i think we are gonna see a blast right through that midline back into uptrend territory, we aren't very far off the midline and we are moving upwards now pointing in the right direction! Not financial advice just my opinion!
CRYPTOCAP:ETH.DLong
by JacobR905
ETHUSDTSince the BTC showing a healthy correction (I have published it on my previous analysis), so the other coin like ETH will follow. On the 4h timeframe I have found a bearish divergence, so most likely it will touch the second bearish divergence target which is around 2888. Not only that, the 4h time frame also showing a potential double top pattern and if it happens, the double top target correction is also on 2888. In my opinion is just a normal correction before continuing the bullish uptrend. Target price for ETHUSDT is 3560, 4169, and break ATH.
by denniskurniawan
3
Ethereum to 5K!?Eth has undoubtedly been out performing the market recently after the mega bullish london and eip1559 upgrade went live, we are currently on our 19th green candle inna row! Now something pretty important for strictly ETH is the EMA ribbons, no one else in the market has managed to reflip the EMA ribbons back to bullish, and keep in mind this indicator is more long term rather than short, we have been able to get the green ribbons back ontop of the red which is very important, it shows the momentum is flipping back to the bulls and we have been seeing that for the last 20 days, if we can see the EMA ribbons fully spread out we will be in for a huge rally even bigger than we are seeing, as you can see to the left when the EMA ribbons started to open up bullish that is when we saw ETH shoot up to create that new ATH. We are also smashing through resistances like the R2 as the most recent and now we are on the push for that R3 or the 0.2 FIB level which is the last FIB before our ATH, we probably will see a rejection at the 0.2 FIB because it is a pretty strong level but if we keep up the momentum we will no doubt fly through at some point. Looking at the MACD we look very good we are seeing continued separation which is always key and we are showing no signs of slowing down, we are starting to point to the upside aswell, the histogram is looking okay we are sort of flattened out but our green bars are for the most part staying level with our previous ones so aslong as the MA's continue to shoot up and separate we are looking fantastic! Not financial advice just my opinion!
BITSTAMP:ETHUSDLong
by JacobR905
2
Ethereum Dominance set for new highs!!Ethereums been outperforming BTC recently with ETH's dominance starting to climb back up, i think we can easily expect new yearly highs for ethereums dominance based on how fast it is growing plus the soon to be deflationary asset will grow demand wise, we had a yearly high recently of about 21% and i think we are bound to make our way upto atleast the 22% level. We recently had a very nice breakout gaining lots of momentum but we do seem to be hitting some longer term resistance/support from back in 2017, and of course we will have lighter resistance coming from this years high. Looking at the bollinger bands we are continuing to fly up that top band with little to no sign of slowing down, we could continue climbing as the days go on, especially if we can smash through this resistance and hold it for a daily close. Checking out the MACD once again we are looking super bullish with no sign of slowing down, we see very big separation within the MA's the blue has completely shot away from the orange and we are now headed just about straight up! Histogram continues to look solid as we keep seeing growing green bars show that we definitely still have momentum, we look very very far away from a bearish cross here and overall i am very bullish on ETH short and especially long term, i think my guess at 22% dominance was a little bit conservative! Not financial advice just my opinion!
CRYPTOCAP:ETH.DLong
by JacobR905
BTC money flowing into ETH!!Ethereum has been showing very high strength recently pumping even while BTC falls in price, and as BTC dominance gets lower and lower the altcoins and ETH will start to really explode! we have blew past many key areas recently like the pivot point, the first level of resistance and now the 0.2 FIB level, if we can manage to hold the 0.2 FIB for daily close tonight we are looking hella hella bullish! we have been scaling up the top of the bollinger band, we could see a continuation and keep shooting up more and more, i feel like we might see a little break around this 0.2 FIB maybe just a day to build support and cooloff before flying back up. Or theres the case where we keep on moving up, looking at the wave trend we are not really even close to the sell or the top zone we still have quite some room to run up still, also we have seen before it doesn't always come down right away there is times where it hangs up in the top zone for a little bit, either way i am super bullish on ethereum especially after todays london and eip 1559 upgrade! ETH is being burned now all day everyday anytime there is an eth transaction! think about that, supply is going to start shrinking and the demand is already high and will most likely get higher and higher! Not financial advice just my opinion!
Long
by JacobR905
2
ETH BIG RUN ON THE WAY??!ETH has been performing amazing against BTC recently with a beautiful breakout of the descending triangle, also we have well passed the bullish pivot point a few days ago and we continue to hold it for the overall trend reversal. We are just beginning to take a ride up the top bollinger band with the past couple candles hugging that top band, if we continue to do this i think flying right through the 0.2 FIB is very very likely! looking at the RSI we are just about into the top overbought zone but starting to curl downwards a little bit, the only key thing we have to watch here is if we are able to continue to hold the midline or 50. point if we can continue to hold here we will be back into a confirmed uptrend! Looking at the wave trend oscillator we are looking very bullish actually we have just passed the mid point and our wave is showing no signs of slowing down, we could see a wave top even at the top of the zone before coming back down. Lots of BTC money flowing into ethereum for in my opinion the highly anticipated London hard fork upgrade and EIP 1559! Overall very bullish on ETH and DEFI right now with arguably the biggest crypto event in the world starting tomorrow (smartcon) we are likely going to see lots of good hype around ETH and DEFI in the coming weeks! Not financial advice just my opinion!
Long
by JacobR905
Ethereum could take a hit against BTCEthereum has been trading perfectly in this descending triangle and we have failed to breakout the top many times and now we could indeed be in for a fall out of the bottom of the triangle, from what it looks like there isn't a lot to worry about and this could be a potential fakeout to the downside, as we have many many supports below us this could be a tactic to get weak hands out of ethereum. We notice on the bollinger bands we are tending to go downwards towards that bottom band which can definitely be a slippery slope as if we do continue to ride the bottom band there is a high chance we will see a drop of some sort, i figure the lowest we could see due to all of the surrounding supports is about 0.05 or the 0.6 FIB level. Taking a look at the pivot points we do have support above the 0.6 FIB level but what im interested in for the longer look is that bullish pivot point, if price action can make it upto this level we will be considered in a bullish reversal which is definitely key but that'll be talked about in a later TA as this levels a little out of reach for now, hope im wrong though lmao! Now something that goes hand and hand with the bearish looking bollinger bands is the bearish looking macd where we just recently had a bearish cross, we are only 2 red bars in to this macd cycle and i doubt we will see a green bar say tomorrow, so we could be looking at a maybe 5 day bearish trend on the MACD but there is always the chance of a reversal, there isn't much separation within the MA's so we are looking pretty okay there but we need to see some bull momentum to bring that blue MA back ontop of the orange or like i said we could see a little downside here. keep in mind there is the chance of a fakeout to the downside where we could exit the bottom of the descending triangle but then shoot back up liquidating short positions and getting weak hands out of the market. Not financial advice just my opinion!
Short
by JacobR905
ETH about to explode!!!Ethereum is looking hella bullish right now we have had a nice run up all the way to our current resistance level at 2324$ (USD) we could see a rejection today but i think we are bound to break through here and continue our run up in the coming days, we have easily regained the 50 day SMA now well above it which will now act as support aswell as the 200 day SMA which is absolutely huge for ETH! Now we are looking at taking back the 100 day SMA which sits a little bit above us right now but once we continue our run i think taking this SMA back is inevitable! We had a beautiful break out of the top of this descending triangle on the 13th try if we count wicks lol, we could have a bit of a cooloff now because of the repeated green candles but i don't think we should worry we have lots and lots of underneath support. Looking at the Bollinger bands just like i said with xrp we are right on that top band and we could definitely see a big run up due to this, either tomorrow or in the coming days im thinking. Realistically this should give us way more than enough momentum to shoot up and blast right through the 100 day SMA turning it into again support. We recently had a very nice bullish cross on the daily MACD and now we are starting to see some nice separation within the bands which is always a positive sign and for sure reduces the chances of us having a soon bearish cross, we want to continue to see the blue MA take off away from the orange MA, also to keep seeing bigger or equal bars on the histogram, looking at it compared to our last bullish cross we realistically have many more green days to come histogram wise and if we see a similar cycle this time around, overall very bullish on Ethereum and altcoins as we are starting to see the reversal back into this bullish cycle! Not financial advice just my opinion!
BITSTAMP:ETHUSDLong
by JacobR905
2
MUST HOLD LEVEL FOR ETHEREUM!Eth has been getting dragged down with the market just like everything else and we are now at a pretty crucial level of support for ETH and if we dont hold this for our daily close there is a good chance we see a fall. We have broken out to the downside of this descending triangle and i have outlined the key pivot points that are in play, green being support, yellow as the pivot point and red as the resistances. We are holding up right on this first green support and we need to hold this level for daily close or the next support we have is the 0.7 FIB level. Now this is a very interesting situation because we are seeing some bearish indicators but to me the RSI is looking like we are due for a reversal, we are just about in the oversold area like a hair away and we could potentially see a fakeout with ETH, a fakeout to the downside of the descending triangle but then could see a recovery back up if this support is held and if our RSI starts to come back up, so this is definitely a hard one to judge on where we are headed, keep in mind if BTC keeps falling our indicators for the time being don't really mean anything. Now the bollinger bands we got to be very careful with as we are starting to ride the bottom band and you guys know what that means... a more than likely fall in price unless we see a recovery and some bull momentum. For sure an important chart to watch for daily close tonight! Not financial advice just my opinion!
BITSTAMP:ETHUSD
by JacobR905
2