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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.
Short
by UnknownUnicorn2537518
50
ETHBTC As tight on the edge as it can get.The ETHBTC pair has been trading within the 5-month Higher Lows Zone for the past 5 days, tight also within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). All this while it remains bearish below the Lower Highs trend-line that started on the September 07 High. The 1D RSI is rebounding off its 3-month Support Zone, so technically we should see a rebound. How high that will be depends on the September Lower Highs trend-line. A break above should target on the short-term the 0.076200 Resistance 1 (Dec 02 High). As long as a candle closes above each Resistance level, the next one can be targeted and pull-backs bought on the RSI Support Zone. A break below the Higher Lows and the 1D MA200 (which hasn't had a 1D candle closing below it since October 22), would be bearish and should target the 0.0660 Support 1 (Nov 09 Low). ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
4
Ethereum Accumlation Area! Reminder: The Merge Won’t Solve Ethereum’s Scaling Woes by Itself!! Ethereum’s transition to proof-of-stake might finally be around the corner, but true scale won’t come from a single upgrade, After yet another delay, the Ethereum network took a step closer to “the Merge” with its first Ethereum mainnet “shadow fork” – a successful test run of the network’s eventual transition to proof-of-stake. As many of you will remember, Ethereum’s transition to proof-of-stake was originally set to accompany another upgrade: “sharding,” which promised to split up the network into pieces in an effort to increase transaction throughput and decrease fees. But sharding won’t be coming any time soon. In order to expedite the shift to PoS, sharding was postponed until after the Merge and is now slated to come sometime in 2023 (though Ethereum timelines have a way of stretching out). In the meantime, the focus has shifted away from the Ethereum network itself to layer 2 systems like “rollups,” which scale the Ethereum network off-chain while borrowing its essential security guarantees. An entire layer 2 industry has popped up to scale, or increase capacity on, Ethereum, with leading products such as Arbitrum, Optimism and Loopring allowing users to transact at a fraction of the cost of Ethereum, and attracting billions of dollars in combined total value locked (TVL) as a result.
Short
by The3eyedFrog
2
Ethereum Remains Higher Ahead of Fed Rate DecisionHello, welcome to this ETH /USDT 1DAY chart update by @CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Ethereum (ETH) was also trading near a multi-week high in today’s session, as traders geared up for the U.S. Federal Reserve policy meeting. Many expect the Fed to increase interest rates by 50 basis points, following the better-than-expected inflation report. ETH/USD hit a high of $1,341.44 on Wednesday, which comes less than 24 hours after trading at a bottom of $1,289.23. As can be seen from the chart, ethereum remains close to a five-week high, with prices in the green for a third consecutive session. Like with bitcoin earlier, the RSI is now hovering close to a key resistance level of 59.00, with a current reading of 58.06. Market pressure could intensify should bulls force a breakout of this hurdle, potentially leading ETH toward $1,400. 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
BITSTAMP:ETHUSD
by CryptoSanders9563
1
Unique Update Of Ethereum Hello, welcome to this ETH /USDT 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Ethereum(ETH) also rose in today’s session, as bulls reentered the market, taking prices close to the $1,300 level. ETH/USD raced to a high of $1,294.10 in today’s session, which comes less than a day after hovering at a low of $1,248.36. As a result of today’s move, ETH/USD moved closer to a recent resistance level of $1,300, as prices were almost 4% higher than Monday’s peak. Like with bitcoin, bullish sentiment in ethereum returned following a breakout of a resistance level at the 53.00 mark. As of writing, the index is tracking at 53.75 and now seems to be moving toward a ceiling of 55.00. ETH will likely recapture the $1,300 level, however, what happens at that level is the key question for traders. 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
BITSTAMP:ETHUSD
by CryptoSanders9563
Ethereum Bullish Technical Analysis Update#Ethereum Technical Analysis Update:- As per Chart ETHUSDT Broke out inverted H&S Pattern and Trading around $1270 H&S Pattern ( Head Height is 14% ) so Target will be $1400 ( 14% from Breakout Point ) - Breakout Resistance Level :- $1230 - Breakout H&S Pattern:- $1230 - Short Time frame Also looking Bullish. - Waiting for Another Resistance breakout which is around:- $1300 - Overall I am Bullish in Short Term above $1200 Targets:- $1400/$1480/$1570 Never Trade Blindly always placed Stop Loss below Support Level. The market is highly volatile because of Global Inflations.
Long
by CryptoPatel
5
Ethereum is bullish! | Bull flag is ready! This bullish flag is absolutely ready for a breakout! I am bullish on ETH, and I opened a quick long position. I will exit at the resistance, and after that, I am going to short ETH! As you can see, the price is in this rectangle range, and usually the market is ranging 75% of the time, so there is a huge chance that the bears will step in at the resistance! I recommend shorting ETH later. In my opinion, there is currently only a 25% chance that this rectangle pattern will be destroyed by the bulls on the first try. I expect a strong rejection and will go back to the POC that you can see on the right side of the chart. There are a lot of stop losses above this flag, so I believe the market wants the liquidity. From the Elliott Wave perspective, it looks like a corrective tripple zigzag pattern (WXYXZ), because we have an overlap between the major waves, which is not a good sign for the bulls. This overlap is a problem. It shows the weakness, and I don't like it. Let me know in the comment section what you think! We have a double bottom pattern on ETH. The neckline needs to be broken to confirm this pattern, but it's not going to be easy. I don't know what about you, but I am now temporarily bullish on ETH, and I have my orders set to close long and open short at the resistance. I wish you a lot of fun during your trades! I post trade setups privately. 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. For more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
55