ETHBTC
#ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
ethereum UPDATE:- (ETH) has remained mostly lower in today’s session, with the token unable to rebound from earlier declines.
ETH/USD slipped to an intraday low of $1,272.98 on Tuesday, which sees the world’s second largest cryptocurrency hit its lowest point in over a week.
After threatening to break out of its floor of $1,300 on Monday, bearish pressure intensified today, ahead of the inflation report from the United States.
As of writing, ethereum continues to trade below $1,300, however prices have moved away from the earlier low.
Today’s move has pushed the 10-day (red) moving average closer to an upwards crossover with its 25-day counterpart.
Bulls will likely be using this as a sign to reenter the market in coming days, thus sending prices back above $1,300, and closer to $1,400.
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Good setup for EthereumEthereum may go down to $1000 but that is too far fetched.
On Bollinger Bands it's a good setup. The price action went above the midterm level while the BB consolidates and looking to move another leg up. Maybe down to $1290 and up to $1360?
A note on Bitcoin - If we get down to the $18,100 price level on the daily we can see that Bitcoin will be ready for another leg down. Maybe below the current bottom when Bitcoin reached that $17,400 range. Will we see newer lows? NAH the bottom is in. I highly doubt that. While it be good to see a bottom of $11,000 or $12,000 imagine the upside potential. That won't happen.
Do you think the SP500 will go to $3200 from currently $3616? I doubt it!
So I think we might see Etheruem go down to $1200. But $1000? I doubt it!
I think we will see Ethereum go up to the $1400 range when Bitcoin travels to $21,000 this week.
The VIX Cheat Sheet indicator doesnt say much. Usually it will say if things will go down or up in percentage. This time it's just saying 0.00 each way. That usually means the market is boring but ALSO that the bottom was in already!
SO GET SLURPIN''
Bollinger Bands Setup - This has happened because when you see the BB average out to looking like a small piece of strange line and you have the candle OVER the medium line, when it drops down past the medium line you should buy because we will be headed up.
Now what this and tell me how it goes! Your thoughts are appreciated!
Etherium - the price goes to test the buyer.Strong players hold the price inside the trading range. After the approach to the upper boundary we see a pullback, on the approach the chart shows a weak resumption of buying. This situation tells us about a possible test of buying at more favorable prices.
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ETH declining, next stop 1kETH is sideway in the 1k2 1k4 box for nearly a month now. Also its follow a triangle pattern and we will see the end of this real soon.
Breakout of either way might be a trigger for more accurate decision. But my thought right now are SHORT with a much higher R/R ratio.
Entry: 138x
Sl: 150x
Tp: 100x
#ETH/USD 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
Ethereum UPDATE: -Ethereum (ETH) was also down for its fourth consecutive day, with the token breaking out of a key support point in the process.
The world’s second-largest cryptocurrency dropped to a low of $1,321.75 on Saturday, a day after hitting a peak of $1,356.88.
As a result of today’s sell-off, ETH/USD dropped below its support of $1,330 and is currently trading at its lowest point since October 3.
From the chart, it appears that the RSI is now marginally above its own floor of 42.00, with the price trading at $1,328 as of writing.
Unlike BTC, there has not been any crossover of moving averages, however, the trend lines seem to be nearing proximity to this point.
Overall, even with the current market turbulence, it seems that bulls are still targeting a breakout of the $1,400 level.
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Ethereum (ETH) - October 9Hello?
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(ETHUSDT 1D Chart)
Whether or not it can rise above 1340.12 to find support is the key.
Otherwise, it is expected to fall to the 1196.81 area.
In order to turn into an uptrend, it must rise above the HA-Low indicator.
Therefore, the price should rise above 1320.46 to maintain the price.
In order to continue the upward trend, it must rise above the HA-High indicator.
Therefore, at the current price point, it should rise above 1696.52.
The interval 924.52-1196.81 is the interval that determines the trend.
Therefore, if it is supported and rises in this section, it is likely to show an uptrend.
Otherwise, if it does go down, there is a possibility of a long downtrend, so you need to trade cautiously.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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Ethereum - Low monthly volume susggests no trend reversalLike Bitcoin, Ethereum has been mostly choppy for the past two weeks. It has been oscillating predominantly between 1 250 USD and 1 400 USD in a reflection of the indecisiveness of market participants. Despite that, we are committed to our bearish thesis and expect ETHUSD to hit our price target of 1 000 USD by the end of Q4 2022.
Our views are based on a combination of fundamental and technical factors. In our opinion, driving market forces like interest rates and economic tightening will continue to weigh on the market, dragging it deeper into the bear market territory. Additionally, technical factors tell that same story, which points to the bear market rally at the moment rather than trend reversal and double bottom formation. Moreover, low monthly volumes hint at the fact that Ethereum is not gaining much interest among new investors, making the primary trend reversal very improbable.
Furthermore, we expect market volatility to pick up from here, leading to high anxiety and more risk aversion. Because of that, we have no reason to change our bias and stick to our price targets of 1 000 USD and 900 USD.
Illustration 1.01
Illustration 1.01 shows the monthly chart of ETHUSD. The yellow arrow points to the low monthly volumes.
Technical analysis - daily time frame
RSI is turning neutral. Stochastic is bullish. MACD points to the upside but stays in the bearish area. DM+ and DM- are bearish. Overall, the daily time frame is bearish
Illustration 1.02
Illustration 1.02 displays the daily chart of ETHUSD and simple support and resistance levels.
Technical analysis - weekly time frame
RSI is neutral. Stochastic is bearish. MACD points to the upside but stays in the bearish territory. DM+ and DM- stay bearish. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
#Ethereum Drops 22% from August peaks, Support at 0.066 BTC Past Performance of ETHBTC
From the daily chart, ETH buyers have the upper hand and posting gains versus BTC at critical support levels. The bounce of Ethereum prices follows weeks of sharp losses, especially in September when the coin dropped roughly 22 percent, recoiling from September 2022 highs. At spot rates, there are hints of trend resumption. Nonetheless, the leg up will be only after confirmation of this week's gains.
#ETHBTC Technical Analysis
Traders are confident of what lies ahead for ETH. With fundamentals providing tailwinds, the rejection of lower prices from around the 50 percent Fibonacci retracement level of the June to August trade range is a welcomed development. If prices are trading above 0.066 BTC, traders can accumulate ETH, targeting a retest of September 18 at 0.074 BTC. This is nonetheless subject to whether bulls come through and lift the coin higher. Technically, prices are bound within the bear bar of September 18 through 21. As such, bears are in control in the short term. This preview will hold valid if there are sharp turns below this week's lows, unwinding gains. In that case, ETH may post more losses versus BTC, even contracting to the 61.8 percent Fibonacci line of the June to August trade range at 0.063 BTC.
What to Expect from #ETH?
Buyers anticipate more gains in the medium term, aligning with the June to August primary trend. However, this is subject to bulls' participation and prices trending above 0.066 BTC with increasing volumes, shaking off bears defined by the September 18 to 21 bear bars.
Resistance level to watch out for: 0.074 BTC
Support level to watch out for: 0.066BTC
Disclaimer: Opinions expressed are not investment advice. Do your research.
Ethereum Analyze (Short term/Timeframe 15min,10/04/2022))!!!⏰Ethereum completed wave 5 at PRZ (Price Reversal Zone).
I expect Ethereum will go down to the 🎯target🎯 I specified in my chart.
Ethereum Analyze ( ETHUSDT ) Timeframe 15min⏰(Log Scale)
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ETH/BTCIt has been down only (distribution) since merge. A couple weeks of sideways at .06. And now looking perhaps spring and test its accumulation range. If BTC is going to hold the 2017 ATHs and bullish chop its way back to 25k+ this Uptober, then what will ETH/BTC look like? I suppose it depends if you think the 2 weeks of sideways in this .06 region is a sufficient cause having been built to now take out Merge highs.
ETHEREUM - BEARISH MOVE 📉the ETHUSDT price is in daily Resistance level and Head and Shoulders pattern 📉
the key level is broken (1H Break of structure)
so, i predict a bearish move 📉 i'm waiting for pullback 📈
TARGET: 1285.54 🎯
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Etherium - a flat movement is a sign of accumulation. A flat market phase continues for the instrument. This phase can be regarded as accumulation. But the strong buyer does not prevail yet and thus the price continues to trade in the rand, the seller does not allow to break through the upper boundary. If the instrument is not bought from the lower boundary of the range, namely at 1234.86, further price decrease with the accumulation at more favorable prices is possible.
If you liked the idea, please like it. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
Ethereum (ETH) - October 2Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Boost".
Have a good day.
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(ETHUSDT 1M Chart)
The 924.52.1196.81 interval is the interval that determines the trend.
Therefore, if the price is maintained at or above the 924.52.1196.81 section, it is expected to show an uptrend.
If not, it is likely to find support at the 577.81-736.42 section or move towards the 267.90 area.
(1D chart)
The key is whether it can rise above 1340.12.
Otherwise, it is expected to decline to around 1196.81.
Therefore, it is important to be able to support and rise in the 1196.81-1340.12 section.
------------------------------------------------------------ -------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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ETH ANALYSIS#ETH UPDATE.
#ETH broke above the resistance but could not hold above the blue box area due to selling pressure at the resistance and now it has lost the blue-yellow support on 4H candle.We might see a pullback again if eth could not close above the blue-yellow line.
ETH ANALYSIS#ETH UPDATE.
#ETH is currently trading in symmetrical triangle and ascending triangle with blue-yellow lone as the support.In oredr to move upwards ETH needs to close above the blue resistance zone however a close below the blue-yellow support will result in another dump for eth holders.