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Ethanalysis

ETH NEW ATH THIS WEEK?!Ethereum was running last week and we saw as of right now for the last 10 days a 32% jump up! With BTC dominance still falling and not showing much upside I think this week we are going to see some very positive price action! ETH is getting very close to the top FIB level/ ATH it would be ideal if tomorrow we came out hot and closed our daily above the Top FIB putting us back into price discovery! The MACD looks very bullish we are seeing big separation in the bands. Aswell the EMA ribbons are starting to turn upwards and hopefully we can see them open up even more and carry us with some bull momentum. The RSI is cruising below the overbought zone but i think if we see a push past the ATH then we could see a little selloff to test supports and then start heading back up aswell to let our RSI come back down into the neutral zone! Not financial advice just my opinion
BITSTAMP:ETHUSDLong
by JacobR905
New ATH for ETH??!ETH has been performing very solid over the last few days, I'm looking for a close tonight above the 0.7 FIB level. If we do secure this level at daily close i think we will start to see a nice run upto our ATH and beyond! Even if we don't hold this level today my opinion stays the same just on a longer TF, also BTC is a factor. The MACD looks very good we flipped bullish recently and are begging to spread out! I think we are going to see a uptrend continuation on the RSI, we aren't quite in oversold areas yet and have room to push higher. Aswell the Stoch RSI is shooting up approaching the oversold zone but we could definitely see it hang around up there for a couple days. I expect April to be a strong month for crypto in general after a shaky march, we are about to enter historically one of the best months for BTC!
BITSTAMP:ETHUSDLong
by JacobR905
ETH - 6h. What are the chances of seeing $2860 in April?As badly as the previous month of trading on the ETH market ended, so well buyers are trying to close the current monthly candle. During this month, buyers tried twice to gain a foothold above $1900. However, each subsequent attack of buyers did not change the previous local high and took place at reduced volumes . As a result, a triangle was formed on February 23, which is somewhat different from the triangle in the previous idea: At the moment, the buyers' attempt to start a new wave of growth has not yet ended. A consolidation in which buyers try to buy out all of the sellers' offer will be in jeopardy if the price of ETHUSDT falls below $1,640. As of February 20, buyers cannot update the local high. Therefore, if buyers manage to take control of the mark of $1850, the ETH price is likely to continue its mid-term growth with an ultimate target of $2860. An alternative scenario for the movement of the ETH price to the range of $1400-1450 is possible only if the situation on the BTC market is negative. ____________________________ 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
24
ETH loading up for a big move For the past week ETH has been in accumulation bouncing between the 0.6 and 0.7 FIB level. I believe we are going to see a big move in the next coming days/ week. we are going to need to see the bulls step in and hold the 0.6 FIB if we are going to see a big move up breaking the 0.7 FIB and then to go for that ATH! The EMA ribbons are slightly on the move upwards and the Stoch RSI is now pushing into the Oversold area indicating the chance of a wave of buys coming soon. Also if you check out the bollinger bands they are starting to squeeze together pointing at a chance of a big move. Lastly our Wave Trend Oscillator has been twisting back and forth due to the stagnant price action over the past week, we want to see our Blue stay and open up ontop of our orange. For the time being ETH and the market is going to follow bitcoin so depending on what BTC does is also a good indication of what the market and ETH will do. Not financial advice just my opinion.
BITSTAMP:ETHUSDLong
by JacobR905
ETH - 12h. Continued consolidation or continued growth?Today, we closed the previous ETH idea because it achieved our target. It's time for a new idea. The sudden collapse of the ETH price on February 22-23 caught buyers by surprise. The main battle for the medium-term trend in the ETHUSDT market took place in the range of $1400-1430 . Interestingly, from where ETH prices began to rise in early February, it returned at the end of the month. This is clearly seen in the monthly timeframe: This fact increases the probability of a scenario of protracted consolidation until June 2021 . The main signal of this scenario will be a failed attempt by buyers to break the range of $1900-1950 . As you can see in the chart, it is from this range that the powerful momentum of the fall began. Re-testing this range at low volumes will give sellers a new chance to test $1350-1400. If we look at the chart of the ETHBTC pair, we see a similar situation: In early February, buyers gave sellers control over the range of 0.036-0.038. As long as ETHBTC prices are below this range, the probability of protracted consolidation is very high. An alternative scenario is to update the historical high and test the mark of $2690 . However, another factor in such a scenario should be the update of the historical high of BTC. _______________________ 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
20
ETH - 6h. Buyers want to test of $1760-1800The rapid fall of the ETH market made its investors think about the power of this coin. In 7 days, the price of ETH fell by 35%. The main horror that investors experienced took place on February 20-23 , when the price of ETHUSDT fell very sharply from $2000 to $1350. The sharp drop in ETHUSD was facilitated by a sharp correction in the BTC market: However, the complete surrender of buyers took place after the loss of the range of $1760-1800 . The chart shows that on February 22, sellers managed to push the price below this range on large volumes. It was after the retest of the range of $1760-1800 that the ETH market collapse continued with renewed vigor. At the moment, buyers are trying to form a new growth trend, but the initiative so far belongs to sellers. It is the test of $1760-1800 that will become clear, sellers still have strength to continue the correction. To continue the local growth of the ETH price, buyers need to hold the liquid zone of $1390-1440. A test of this range on low or medium volumes will give buyers a better chance of continued growth towards $1760-1800. P.S. Our ETH idea worked well and the price made a minimal correction. Therefore, we will soon make a new global ETH idea: _________________________ 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
37
ETH - 4h. Buyers gave up and began a correction to $1560-1600?Good day everyone and have a good trading week! The ETH market continues to move within two trend lines that form a wedge. The buyers failed to implement the optimistic scenario, which we wrote about in the previous idea . However, this is not the worst thing. Notice how easily sellers on February 21 lowered the price by 10% and again tested the local critical point - the range of $1850-1880 . After this drop, buyers have not yet managed to regain control of the ETHUSD market. This becomes clear when you look at the price of BTC . Please note that after a sharp drop on February 21, the BTC price was able to renew its all-time high again and test the mark of $58352 . The ETHUSDT price could not repeat this: Such behavior has started to be done on ideas, so the ETH buyers are coming to an end, and the ear of corrections to the growth of 7 fierce is to be read soon. A signal of such a scenario will break through and fix prices below the range of $1850-1880 . As a result, sellers will be able to take control of the data in the range - they will be able to extend the price range of ETH to the range of $1560-1600. The large timeframe shows that the trend line also passes near this range , which buyers have been holding confidently since January 11: Another interesting fact can be seen by analyzing the dominance charts of BTC, ETH and USDT. During the fall of BTC's dominance in late 2020, the ETH market revived significantly. However, since the end of January 2021, when the decline in BTC dominance began to slow down, interest in ETH has fallen sharply. Looking at the situation on the BTC market now, in any scenario, the price of ETH will be in crisis . A sharp rise or fall in the price of BTC will have a negative impact on the ETH market. The only chance of success is the consolidation of BTC above $55,000. In this case, ETH buyers will be able to hope for continued price movements within the white wedge and tests of the mark of $2070 . This week should be interesting! ________________________ 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!
Short
by P_S_trade
17
ETH-6h. How realistic is the optimistic scenario of growth 2200?Very slowly but surely, the ETH market is moving towards the goal of our previous idea : If we compare the nature of the ETH price movement with other coins, we see that ETH buyers are in no hurry to accelerate the growth trend and organize momentum growth. The price of ETH is slowly rising, testing the main support areas. After confidently keeping $1700-1750, buyers managed to update the historical high. However, since then the price has risen by only 8% . If we compare it with the growth of IOST or DASH , it becomes clear why we do not take into account ETH for trade. However, in this idea, we decided to consider an optimistic scenario of ETH price movements. Since the previous liquidity zone of $ 1850-1880 is under the control of buyers, there is a possibility that buyers will still come to life and be able to organize a sharp impulse to target $ 2200-2230 The main problem for this scenario is the ETHBTC chart As you can see from February 6, the price of ETHBTC is systematically reduced. Confident consolidation of the price above the green range will give a good signal for the formation of a new impetus for growth in the ETHUSDT market Therefore, we expect to achieve the goal of BTC e dslvsnws $56000. We hope this will stimulate ETH buyers to take decisive action) __________________________ 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!
Long
by P_S_trade
16
ETH - 4h. Buyers have kept $1,700 and are preparing to attackConsolidation in the ETH market continues from February 8 . Buyers are unable to establish themselves above the range of $1850-1875 . Basic buyers support is in the range of $1700-1720. As you can see in the chart, the sellers twice tried to gain a fix below this range, but their attack ended in a false break . The ideal scenario for the continued rise in the price of ETH would be a repeat dest of the range of $1700-1720, however, at low volumes and without aggressive candles. This local fall in the price of ETH will show the complete depletion of sellers and the beginning of a new impetus for the growth of the ETH market. However, looking at the 12-hour candle, the price of ETHUSDT may start to rise from current prices. Therefore, for medium-term movement , the range of $1700-1800 is good for trying to recruit a position. If the price hits $1700, there is no point in holding such a position. In this case, you should expect the price to continue to fall to $1,500 _________________________________ 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!
Long
by P_S_trade
26