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Ethanalysis

ETH and ALTS about to fall??!Ethereum's still struggling to find a way out of this descending wedge now around the middle again, we are currently getting held up by the midline of the bollinger bands and close below we got the 0.6 FIB level. I'm thinking that we are probably going to see a bit of a fall before we head up, even i would say a fakeout to the downside before taking off! We got lots of support but a lot of resistance aswell here, looking at the MACD we are almost to the point of a bearish cross and a histogram flip to bearish, i see us going down probably out of our wedge to the nearest pivot point before heading back up as shown in my pathway. In this situation i think it is very likely we see a fakeout to the downside to shake more people out before then heading up and ultimately rising through the upside of the wedge. This wedge is very prolonged and i believe traders are getting itchy for taking positions and would be looking to open shorts if we see a break of this very long wedge, this is where i think a very possible fakeout would come to play as it would liquidate many traders. theres lots of resistance when looking at the upside aswell but thatll be for a later update TA! Not financial advice just my opinion!
BITSTAMP:ETHUSDShort
by JacobR905
Ethereum going to breakout!!?Eth is looking like we have reversed after a bounce off of the bottom of this descending wedge, now we just rejected off the top for the 9th time but i think we are gaining some steam and we could get a beautiful bounce off the bollinger band midline to then try and breakout again to the upside. The only worry that we might face if we breakout upwards is we will have to have enough momentum to smash through the 0.5 FIB and close above it or we face falling back into the wedge with a sort of "fakeout" scenario. The RSI is just touching down of the 50. point and im hoping we can see a nice bounce off here to try and get us back into an uptrend, this is very key for this whole analysis as if we don't get that confirmed uptrend on the RSI we could still breakout of the wedge upwards but we most likely wouldn't go that far. The MACD looks great aswell we are seeing nice separation in the MA's slowly pushing upwards, the one thing about the MACD is that we are starting to see a slight curl in the blue MA and we don't want to see it start to come down towards the orange, or atleast hope we get a bounce off the orange. If we don't and we get a bearish cross we would probably take a couple day hit to the downside or even just some sideways movement. Not financial advice just my opinion!
BITSTAMP:ETHUSDLong
by JacobR905
ETH DAILYETH is forming a cup and handle pattern on daily as well as touched the 61.8 fib level, similar to btc. The fib level is drawn on daily TF from 2650-1700. So far we are neutral as eth needs to close daily candle above 2300 to confirm the cup and handle pattern and needs to close a daily below 2040 to confirm the fib retracement. So far, we chilling and waiting for it to breach on either side. BUY: Daily close above 2300. TARGET: 2600-2800 SL: 2150 RR: 1:2.5 SELL: Daily close below 2030. TARGET: 1800-1400-1100-900 SL: 2300 RR: Minimum 1:2.5
by Yourmaamaa
Ethereum is the best opportunity to sell in this case! 🧨🧨Ethereum after a small accumulation and liquidity gathering below $1,730 level went up. Now ETH has renewed local highs at $2040, at each peak we see an increase in volumes - not a good signal for long positions. If the price reaches a new local high at $2278 and the volumes are also high at that time, it could mean that liquidity to sell is collected and there is a high probability that the price could go down! Write in the comments all your questions and instrument analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
11
ETH Analysis (Still bullish)Okay, so it looks like we broke the bearish parabolic curve and ran into resistance above. It looks like ETH is making a turn around. I put some of the possibilities I think are possible and where it could bounce. It could retest lower levels but it should recover. Parabolic curves usually retrace 50% - 78% so we should see higher levels soon. On the way up, I think we will run into resistance but if we keep pushing upwards, we will be creating a lot of inverse head & shoulders and bullish patterns. Again, bullish patterns can become bearish very fast if we do not consistently touch the trendlines. Hard to explain over text but if an inverse head & shoulders has a right shoulder that is never completed, it starts creating a bearish parabola which usually creates the opposite pattern. A head & shoulders. So, at this point it looks good but it is something that always changes. P.S. we also have a bullish divergence on eth and btc. Linked the previous idea I posted below.
COINBASE:ETHUSDLong
by DavidJDM
3
Ethereum pullback to 2K??!Ethereum looks like we are going to see a pullback to 2K before we start moving back up again. We saw a break of the 0.5 FIB level and our next major support is just over 2K. We see the MACD has been very jagged recently with multiple bullish and bearish crosses and now we are just seeing the start of another bearish cross. It seems like ETH wants to start moving up but is being held down by BTC just like most of the market. very rare to see a 2 green bar cycle on the macd histogram that's why i think we are being held down. Also something very crucial to watch is that bottom bollinger band we are creeping closer and closer to that bottom band and if we do start riding it we could be in for a significant pullback maybe even lower than 2K. But i personally will see this as a great buying opportunity and will look to grab some more. And we all know the strength of ETH we have already witnessed it earlier in this cycle! Now the RSI does seem to be getting stuck below that 50. point midline and we keep seeing bounces off of it and i wouldn't be surprised if we see another. Remember only when we see a full break above this level and a confirmed hold will ETH be considered in a uptrend. So as we continue like this just like 99.9% of the market we are in a confirmed downtrend and or a mini bear market. I dont think this bullrun is over at all i believe we are just seeing a cooldown with big institutional money flowing into these projects but thats just my opinion! Not financial advice!
BITSTAMP:ETHUSDShort
by JacobR905
1
ETH going to hold the 0.5 FIB!ETH has ran up with 3 green candles pushing through the top resistance of the pennant and aswell as the 0.5 FIB Level, i talked about this in my last TA for eth. We seem to be solidly holding the 0.5 FIB now and we will have to get that confirmation soon, this is a pretty solid support, resistance level imo. Our RSI bounced off the 50. point and we are slightly coming down. we are due for a nice breakthrough into bullish territory after not since later May. The MACD saw a bullish cross recently and we are starting to see nice separation on the MA's bit is still to early to really know. Last the EMA ribbons are very important as they show momentum bullish and bearish and while ETH being in the minority of coins that didnt start to flip bearish with the ribbons we are showing very good resistance from the bulls. We do have to watch these though because if we we're to see a full flip bearish we could be seeing some heavy downside, i feel when the EMA ribbons squeeze hard like this there is momentum building and we are likely to see a pop soon whether that be staying bullish or flipping bearish. NFA just my opinion!!
BITSTAMP:ETHUSDLong
by JacobR905
ETH - 6h. We expect a test of the mark of $3600 For almost the second week, the ETH market froze in an intriguing consolidation below the mark of $3000. After a powerful wave of decline that ended on May 23, buyers began to recover the ETHUSDT market. Although trading volumes have been low over the past week, there is no denying the fact that buyers are confidently managing to keep control of the lower trendline and push the price of ETHUSD upwards. Reducing the impact of BTC on the crypto market has a positive effect on ETH: The chart shows that even the consolidation process in the ETH market looks much more positive than in the BTC market. In this price range, sellers are too weak to continue the downward momentum. Therefore, our subjective opinion is that during this week the buyers will succeed in low volumes , but with systematic pressure to take control of the mark of $3000. Successful breakout and consolidation of the ETHUSDT price above this mark will open the way for buyers to the important critical point of $3600. It is at this mark that there is a high risk of a repeated fall wave with a possible renewal of the local low. If we look at the 3-day timeframe , we can see that at the moment buyers have only managed to stop the wave of the fall: That is, we saw a stop and a set of a local position to start an upward rebound. However, the buyers' attempts to return the market situation and show the real forces that remained have not yet happened. In addition to this fact, the ETHBTC price chart adds a positive note on the ETH market: As you can see on the chart, buyers managed to almost completely absorb the fall of the weekly candle from May 17. An alternative scenario in the ETH market will come after the sellers break through $2,550. In this case, buyers will be forced to defend themselves again in the range of $2050. ____________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
66
ETH and Altcoin takeoff??!!Ethereum has been steadily rising and slightly going sideways after our big recent correction and has been consistently been creating higher lows and has formed a ascending triangle(bullish) and overall looks very very healthy and primed for a next big move upwards! We are approaching the top and apex of this ascending triangle and i think we will see a nice breakout in the coming days (BTC is a factor keep in mind). We are seeing similar low volume like BTC but we all know that can change in the blink of an eye. Looking at the MACD we did recently get a bullish cross but movement has been pretty stagnent with our histogram only slightly printing larger bars. This can change if we start seeing some separation with the blue and orange MA aswell as some upwards movement, and aslong as they don't cross bearish we are looking great short term! the RSI aswell is in a compressed ascending triangle pushing up towards the Apex and the 50. point midline, feels like we will see a strong push through the 50. and then continue up and get ourselves into a confirmed uptrend which we haven't seen in a months time, lots does factor on BTC but we are looking good as of right now. Also want to shed some light on EIP 1559 which is set to launch in 45 days! this upgrade imo will work wonders for Ethereum as with every single transaction some ETH will be burned, i highly suggest researching this as imo will be huge, just think, slowly decreasing supply with either the same demand or greater demand! NFA Just my opinion!
BITSTAMP:ETHUSDLong
by JacobR905