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Ethanalysis

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
ETH - 4h. Buyers Need To Hold $1700Looking at how other altcoins are actively firing, while BTC is slowly but surely approaching the mark of $50,000 , the price of ETH is calmly standing still. What could be the reason? On February 5, the price of ETH began to slow at around $1750. After the first test of this mark, sellers sent the price of ETH up to $1491. However, at this point, the sellers' aggression is over . Since February 8, ETH market participants have been actively trading the mark of $1,750 . So far, it is clear that sellers do not have enough strength to gain a keep below this mark, and soon we will see a new upward price impulse. But the main liquidity , where buyers are actively buying ETH lately, is at the mark of $1,700 .An unsuccessful attempt by sellers to break through this mark will be a good signal to start a new wave of growth. The first target is $1900. If you pay attention to the ETHBTC chart, you can see that buyers have finally managed to gain a foothold above the global range of $0.0364-0.0382. This range has held the price of ETHBTC for over 2 years. Back in September 208, sellers took control of this range. Only after the retest in January and February 2019 of this range, the price continued to fall again. The fact that the price of ETHBTC is fixed significantly increases the chances of continued price growth in the long term. The critical poin t of this scenario is the range of $1560-1610 . Below this range, a strong and fast correction of ETH will begin with a target of $1360. This is the cryptocurrency market. Everything is possible here. Therefore, take care of your deposits and successful trading! ________________________ 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
25
ETH - 6h. The next target is $2150Renewing the historic high in the ETH market has been a big event for investors. Buyers are trying to repeat the success of BTC and continue the rapid rise in prices. However, as of February 3, the price of ETHUSDT significantly slowed down the transfer with the mark of $1750. Trading volumes began to decline from the beginning of February and the dominance of ETH could not consolidate above 17% Despite these facts, the cryptocurrency market is growing and the likelihood of continued growth of ETH to $2150 is real. To do this, buyers need to confidently stick to the mark of $1750. From the mark of $2150 , there is a high probability of starting the correction . Sellers will try to lower the price below the previous historical high. What is the target of this correction? See our 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
15
ETH - 4h. The price of Ethereum fell into a triangle.Today's fall in the price of ETH did not break the main scenario of buyers' continued growth. By lowering the price to $1270, sellers stopped the pressure. As a result, we see the local reversal of the ETHUSD price, which we wrote about in the previous scenario. Trading volumes in the ETH market are average. Considering the trajectory of the BTC price, we believe that a triangle has formed in the market. Given that before the formation of the triangle there was a momentum of growth, the probability of breaking the triangle up is higher. Proof of the strength of buyers will be the maintenance of the range of $1336-1353. The main goal of buyers is the range of $1600 . We will consider the alternative scenari o only after breaking the mark $1270. __________________________ 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
9
ETH - 2h. We expect a repeat test of $1270.Yesterday's wild growth of BTC , provoked by tweets, you know who or bitcoin expiration, did not provoke ETH buyers to grow wildly. The ETHUSD price failed to break the previous liquidity range of $1420-1440 . Even the increased trading volumes did not satisfy ETH buyers to take control of the liquid zone, from which the correction began on January 25. At the moment, sellers are trying to take the initiative and keep the range of $1340-1350 to continue falling to the mark of $1270. There are two possible scenarios of price movement near this mark. So when sellers hit the mark of $1270 we'll come up with a new idea. However, at the moment the price of ETHUSDT is moving in a falling channel. Our subjective opinion - while the price of ETH below $1340 correction is not completed. However, the range of $1180-1200 is good for buying ETH, given the risks. __________________________ 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
10
ETH - 4h. Buyers return the mark of $1270.After setting a new local high on January 25, the ETH market began to correct. In the previous two days, sellers attacked the mark of $1270 . In the previous idea, we wrote about the importance of this mark for the continuation of the upward trend in the price of ETH Yesterday, during the fall in the price of BTC , buyers of ETH for some time gave out under their control the level of $1270. However, if you look at the 12-hour candle , the sellers did not have the strength to fix the price below this mark: To continue the growth trend , buyers need to determine how many sellers remain in the ETH market. Therefore, before testing our $1580 target , we will expect to repeat the test of $1270 . Only then will we be sure of continued growth. An alternative scenario will take effect if buyers do not withhold $1270. In this case, sellers will continue to adjust the price in the ETH market to $1,200 (Black scenario) ________________________ 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
8
ETH - 4h. The critical point of the local growth trend is $1270.The local weakness of the BTC market and the systematic decline in its dominance played a positive role for ETH . If on January 22 the price of ETH submissively fell along with the price of BTC, then during yesterday's local attack of sellers in the BTC market, the ETH market showed growth. Today, trading volumes in the ETH market are higher than BTC. At the moment, buyers have taken the critical level of $1270, which we wrote about in the previous idea : Now buyers have managed to update the local high, but the price continues to trade within the yellow wedge. In order not to lose the initiative, buyers need to keep the mark of $1270 and after consolidation to continue to grow with the first local target of $1570 . From the nature of the ETH price increase, it will be clear whether there is a prospect for stronger growth with a target of $1800. The loss of the $1270 mark will continue to consolidate within the wedge and sellers will test the range of $1150-1200. This scenario also has a right to life. Given that the previous weekly candle of the ETHBTC pair closed to continue medium-term growth, a slight correction to the green range is still possible: ______________________ 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
Don't Miss The Opportunity This Time.ALT Season Comes After 4 Y.ETH BTC Is Created Very Good Bullish Momentum. Green Line Is The Possible Target For Eth Btc Pair. Price Broken The Previous Resistance & Trend Line. 50 Ma Showing Strong Bullish Momentum & We Have A Good Volume In Breakout. Market Maybe Make A Correction With A Wick In Weekly Chart. But Not Sure. Let's See Alt Season. Buy Alts In Every Correction.You Can Use Also 50 Moving Avarage For Entry With Good Bullish Candlestick. It's Defend On Time Frame.Try To Look For Thos Coin Which One Still Not Pumped Well or Just Started Pumping....
by CryptoLearnersBd
1
ETH-4h. Below $ 1270, the correction will begin.The buyers initiative, which began on January 11, is beginning to weaken. The price of ETH slowed down before updating the historical high. This is strange, because BTC is in consolidation and does not take attention. On January 19, buyers managed to update the local high . however, relative to the previous high is only 7% higher. The price stopped for 2 dollars to the historical high of 2018. The new wave of growth looks rather weak and the breakdown of the mark of $1270 will begin to correct the price of ETH. Having settled below this mark, we expect the price to continue falling to the range of $980-1000. Interestingly, ETH trading volumes are currently larger than BTC volumes . By reducing BTC's dominance by at least 10%, ETH could feel like the king of the crypto market. It is possible to buy a coin with confidence only after fixing over the range of $1340-1390. It is the loss of this range in 2018 and was the beginning of a global correction of the ETH market. ________________________________ 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
18
ETH-4h. Break the critical range of $1260-1350 and test $2660.Pretty soon the price of ETH reached the target. We wrote about in the previous idea . Buyers did not give any chance for correction. Investors' expectations of the $900 mark proved futile. At the moment, the price of ETH is preparing to storm the main range of $1260-1350. After the first test on January 7, trading volumes fell sharply . However, this is natural, because the price has fallen into a consolidation triangle, from which the price is more likely to shoot up . The sellers' attempt to impose a fight on January 8 was unsuccessful. Of course, 12 hours of pressure on the price by average volumes is not enough to reverse such a powerful trend . As a result, the price is now preparing for a shot that should break the critical range of $1260-1350 and set a new all-time high. The first medium-term target where buyers will feel serious resistance is the $2660 mark. However, to begin with, you need to hold on to the critical range of $1260-1350. b]The critical point of this scenario is the $ 1160 mark. Having secured above it sellers will select the local initiative and will be aimed at the test of the range $980-1000. __________________________________ 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