ETHBTC
Determining resistance of EthereumEthereum made a strong positive reaction the previous day with a full pullback to the $1,210 support area. This sharp move has broken the resistance of the $1,227 range.
We can consider this failure confirmed with a high probability. Therefore, a pullback to this range can be accompanied by reaction signs. Of course, the point is that the upward movement is strong, and there is a possibility that the pullback is not deep.
Note that the RSI is above 50, and the price trades above the 100 hourly simple moving average.
If Ethereum can overcome the $1,251 resistance that it is currently struggling with, the serious resistance in front of it will be $1,275. The next resistances are $1,309 and $1,352.
On the opposite side, if it cannot stabilize its price above $1,251, the support on the chart will wait for it.
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Ethereum was able to break the uptrend line with a long red candle.
I expect Ethereum will go down at least to the support zone.
Ethereum Analyze ( ETHUSDT ) Timeframe 1H⏰ .
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An important point in the new year's chart is...Happy new year.
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(ETHBTC 1M Chart)
When StochRSI falls from the overbought zone as a new candlestick is created, it is important to keep the price close to 0.072484.
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(ETHUSDT 12M Chart)
If you compare the log chart or general chart, there doesn't seem to be a big difference like the BTC chart.
The key is whether the price can be maintained above the volume profile section formed around 736.42.
(1M chart)
As it failed to rise above 1572.69, it appears to be breaking out of the long-term uptrend line.
Accordingly, attention is paid to whether it will touch the vicinity of 577.81-736.42.
Since StochRSI is showing a decline again without getting out of the oversold zone, it is judged that there is a possibility of a bigger decline if it falls this time.
(1W chart)
From a mid- to long-term perspective, the price needs to rise above 1340.12 to keep the price moving upwards.
In that sense, we need to see if it can rise above 1340.12 in the upcoming volatility week.
If not, you should check for support around 993.88-1049.
(1D chart)
The key is whether it can rise with support around 1168.36-1198.26.
At this time, the important thing is whether the price can be maintained by rising above MS-Signal.
We looked at 12M charts to 1D charts.
We can see that the price needs to stay above 736.42 to continue the new trend, i.e. the long term uptrend.
Therefore, I believe that every trading strategy should be created with this in mind.
You can also see that the price needs to hold at 1572.69-1879.61 to turn into a long-term uptrend.
Therefore, until then, a trading strategy is needed to increase the number of coins corresponding to profit by trading in a short-term response.
From a mid- to long-term perspective, it is expected that it will turn into an upward trend only when it rises above 1340.12.
Therefore, it is important to see if the volatility around January 9 can break above the 1340.12 and break out of the downtrend line.
If not, you should move sideways at the current price level and see if you can break out of the downtrend line.
From a short-term perspective, the key is whether it can be supported at the current position, namely 1198.26.
From a trading point of view, if it is confirmed that it is supported around 1198.26, it is possible to buy it.
In fact, it is not easy to buy from the current chart flow because it must rise above MS-Signal in order to earn profit from this purchase.
Therefore, it looks good to see if the MS-Signal naturally moves closer to 1198.26 by moving sideways around 1198.26 and then rising.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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ETH ANALYSIS#ETH is currently holding the double bottom support at the black box area after breaking below to the ascending triangle as well as the rising wedge pattern,if eth loses the current sup [port we might expect more dump in the price and eth can test the blue box support area .
#ETH Bulls up 40% from June Lows, ETHBTC in a Bull FlagPast Performance of ETHBTC
Ethereum is technically bullish versus BTC, especially if the price action of H2 2022 leads. Presently, Bitcoin prices appear firm but inside a descending wedge, that is, a bull flag. The primary support is at 0.070 BTC, while the resistance is 0.075 BTC.
#ETHBTC Technical Analysis
ETH buyers are in control, per the formation in the daily chart. Despite the series of lower lows, especially in the late Q3 and mainly Q4 2022, the uptrend is firm. To illustrate, ETH is up 40 percent from June 2022 lows. Furthermore, ETH bulls have support at around the 38.2 percent Fibonacci retracement levels meaning the upside momentum is still strong. However, from the current formation, traders can wait for a clean breakout before committing. Gains above 0.073 BTC, reversing losses of December 16, above the bull flag, may see ETH float higher, towards 0.075 BTC and 0.078 BTC, respectively.
What to Expect from #ETHBTC?
Prices are in range, trading inside a bull flag. Overall, buyers are in charge, but there must be a breakout for trend confirmation. Any surge above 0.075 BTC may drive more demand for ETH, pumping it to Q3 2022 highs.
Resistance level to watch out for: 0.075 BTC
Support level to watch out for: 0.070 BTC
Disclaimer: Opinions expressed are not investment advice. Do your research.
ETH ANALYSIS#ETH UPDATE.
#ETH has already broken below to the rising wedge and currently testing the lower band as the resistance .There re 2 possible moves that could be possible in the upcoming hours but until eth closes above the purple box resistance area longs are risky however shorts are most preferred positions as the chances of eth rejection from current resistance are so high.
new analysisIt's really hard to explain this
but we have a slight downpour, and then about 1 month to 45 days the market is bullish , and the altcoin will grow between 100 and 1000%, currencies with high market caps like Ethereum 100% and currencies with low market caps up to 1000%,
and then we have a terrible fall that many currencies will be destroyed
if you like analysis with me. Join me and make a profit to message me or comment
I put 7 new analyzes I will let you see all the analysis to pay attention to the analysis dates and do not harm
ETHEREUM 3D next move updateAccording to the chart, the downward trend continues in the weekly and three-day time frame, and if we hit this area, we expect a fall to the support range and even more than that, and otherwise, with the breaking of the trend line, the formation of an upward trend is not far from expected.
ETH/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ETH /USD 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Ethereum (ETH) mostly consolidated on Monday, with prices continuing to trade below the $1,230 point.
Following a low of $1,203.72 on Christmas Day, ETH/USD raced to a peak of $1,222.61 earlier in today’s session.
As a result of today’s move, ethereum continued to trade below its key resistance level of $1,230 for a sixth straight day.
Looking at the chart, the failure to break out of this point comes as the RSI continued to hover near a resistance of its own at 48.00
As of writing, the index is tracking at 47.33, which comes after two weeks of residing under the 48.00 mark.
Despite this, the 10-day (red) moving average (MA) has begun to move closer to its 25-day (blue) counterpart, which could mean an upward cross is pending in the coming days.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
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ETH ANALYSIS#ETH UPDATE.
#ETH is currently trading in rising wedge pattern which is generally a bearish pattern .On losing the lower band support we might see eth again testing the blue box support area once again,keep eyes.
When high volatility is neededHello?
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(ETHBTC 1W Chart)
What you need to look at on the ETHBTC chart is whether it has an uptrend.
Whether or not there is upward force is judged by where it is located on the overall chart and whether it has risen above important support and resistance areas.
Currently, ETH is located near the high point, but it appears to be resisting in the volume profile section formed at the high point.
What we can tell from these movements is that they have the power to rise, but they can be interpreted as being constrained by the upward trend.
So, we see that it needs to rise above 0.079552 to continue this constrained uptrend.
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(ETHUSDT 1M chart)
One thing to keep an eye on from the current chart is the movement of StochRSI on the HA SRRC indicator.
It means that StochRSI is unable to get out of the oversold zone and is trying to fall again.
When StochRSI breaks out of the oversold zone, it is necessary to check which zone is receiving support and resistance.
(1W chart)
The most important support and resistance zone in the current price range is 1340.12.
Whether it can rise above 1340.12 and receive support is expected to determine whether it can continue its mid- to long-term upward trend.
(1D chart)
What matters from the current price position is whether it can rise above the MS-Signal by holding the price above 1198.26.
Because if that happens, it is more likely to turn into a short-term uptrend.
However, since HA-High is located at the 1549.89 point, volatility that shakes up and down must occur, causing HA-High to fall.
If not, it is expected that there will be many restrictions on continuing the short-term uptrend.
Therefore, what is needed in ETH right now is great volatility.
We need to see if this volatility can occur around the upcoming December 29th.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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Ethereum will crash soonHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the ETH symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ETH/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ETH /USD 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Ethereum (ETH) continued to trade above $1,200 on Wednesday, with bulls pushing prices closer to a key resistance level.
ETH/USD hit a peak of $1,224.09 earlier in today’s session, which comes less than 24 hours after hitting a bottom of $1,206.44.
Despite prices nearing a ceiling at the $1,230 mark earlier in the day, bearish sentiment has increased at this level, leading to previous bulls retreating.
As of writing, the world’s second-largest cryptocurrency is trading at $1,214.44, which comes following a recent crossover of moving averages.
Looking at the chart, a downward cross between the 10-day (red) and 25-day (blue) moving averages has occurred, which typically is a sign of pending declines.
Should this momentum intensify in the coming days, ETH could likely move back toward a floor of $1,160.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
ETH ANALYSIS#ETH UPDATE.
#ETH is currently trading at the resistance at the purple box area and still struggling to close above the same.On closing above the resistance eth might test the pink box resistance area ,however on rejection we can expect eth to test the green box support level.
Ethereum - Bears will shutdown ETH! Short here.
The price of ETH is moving into brutal resistance, and the bears are waiting patiently to shutdown ETH to lower levels!
It's going to be very extreme because the resistance is huge! I will tell you why in this analysis.
It's the previous structure's POC + 0.618 FIB + the previous trendline's breakout level + the start of the GAP.
As per my Elliott Wave analysis, this whole structure looks very complex and corrective. I would love to see some capitulation and a strong rebound, but it's not happening.
What's more, the downtrend from December 14 to December 19 looks totally strong and impulsive. It's the main direction of the trend, which is bearish.
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
So my plan is to short ETH once it reaches my specific resistance. I am telling you, it will be a massive rejection!
If the ETH/BTC pair falls below the main support level, ETH can effectively free fall relative to Bitcoin. But this is a different chart and a different analysis.
I don't even know if ETH can reach the strong resistance; we will find out very soon!
Thank you.