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Ethanalysis

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
ETH Market updateETH is moving between a strong resistance and support, while shaped a double bottom, the green trend is a bullish trend which if ETH break it and retest successfully , will start the bullish movement , but as we see , there is a med size of sell ordwr around the trend line which I believe will cause a fall, meantime we have a big buying order in the area of 1375 to 1060 , I know lots of you think that I am a bear, but the point is BTC movement is making such deeps for alts. Not financial advice.
by Sarahtn5421
1
Ethereum, ETH - keep in mind 2 scenarios👆🏻Now price formed local zone 2600-2900. I think if the price will squeeze to the resistance line and make a breakout. It will be a good pattern to buy and fast impulse. The same situation to support line. If we squeeze to support line, we'll have a great entry point for short after breakout and retest. I would like to say to the newbie (the experienced already understand) that we're traders and must be ready for all variants. To think in one direction in such a market is suicide. 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
18
Ethereum ready for take off?!Ethereum is gaining some steam pushing towards that 0.3 FIB level and 50 SMA, the very key thing about the 50 day moving average is when we are in bull market our candles tend to ride ontop of the 50 day and use it as support, this can be seen looking to the very left up until recently. I think once ETH pushes up and breaks this 0.3 FIB and finds support again ontop of the 50 day we could see another huge pump for ethereum, especially with BTC dominance falling! Our RSI is getting very close to that 50. point line we're if we see a confirmed break above we will get a lot of momentum, lots of bullish indicators flashing guys. On the MACD we are seeing very bullish separation on our MA's with no sign of slowing down anytime soon, we are just about pointing straight up, the red macd lead is flying high pushing above that mid histogram line. Could see some crazy explosions in alt coins coming up soon! Not financial advice just my opinion!
BITSTAMP:ETHUSDLong
by JacobR905
Eth Scenarios! Hi Folks! We are still in uptrend channel on Eth if we look the logaritmic way. Possible price action will be a double bottom on daily graph. My current position is short in a short term. In a long term perspective our way will be ended on the moon.(This is too long so we should take profits till the days are come up!) I am waiting one of the uptrend pattern to open long position. Short is more profitable till uptrend pattern show up. Make your own strategy! Market is too risky in these days. take your profit! Rules: 1. Do not lose money 2. We can make money!
by cacashinakamoto
ETH - 12h. Buyers are preparing for the test of $3000 Despite the uncertain movement of the BTC price over the past few days, the ETH market has grown significantly. In our previous idea , we showed two scenarios of the ETH price movement that are possible in the medium term: As you can see from the chart, buyers managed to break through the range of the previous all-time high and gain a foothold above $2051. On April 18, buyers proved to the entire crypto market that this mark is important enough for them. In addition, the sharp buy-back of the ETHUSDT price over the next few days showed buyers ambition and a desire to continue pushing the price up to the mark of $3000 . Considering the situation in the crypto market today, as BTCUSDT is trying to continue falling, ETH buyers are preparing to renew the all-time high. Therefore, the main scenario for us is continued growth to the range of $3000-3300. An alternative scenario will take effect after buyers lose control of the mark 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
27
Ethereum ready to blast off!!Etheruem has been leading the market lately with an increasing dominance currently at 15.4%, versus bitcoin we have fully broken long term historical downtrend resistance and aswell as the 0.2 FIB level! We defiantly have lots of room to run and i think we are going to start to see it fully very soon! With BTC dominance continuing to fall Altseason with getting more explosive with ETH leading the market! I think we will see a peak altseason when BTC dominance reaches 35%, somewhat conservative though because in 2018 we topped out slightly lower than 35% BTC dominance. Very bullish on Ethereum especially with EIP 1559 coming sometime this summer!! Not financial advice just my opinion
Long
by JacobR905