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Ethbulls

#Bitcoin Bulls Press On, Will ETH Gains Be Reversed?Past Performance of ETHBTC BTC is ahead of ETH, looking at the arrangement in the daily chart. The recovery is albeit a solid performance of ETH in the past few days. Overall, from a top-down preview, Ethereum buyers remain in charge. This is further supported by the fact that the BTC lead has been at the back of decreasing volumes in the past few trading days. The longer-time view pattern favors ETH bulls from a volume analysis perspective. #ETHBTC Technical Analysis The April 26 bar ended lower and volatile. There were attempts to stem losses leading to a long lower wick suggesting the presence of ETH bulls. This, coupled with the fact that ETHBTC prices are still bound inside the recent bullish trade range, favors the upside. Still, it is until there is a buildup, ideally above 0.067 BTC with increasing volumes. For now, how prices react at 0.065 BTC would shape the immediate term with the awareness that losses may strengthen BTC, forcing prices towards 0.062 BTC. What to Expect from #ETHBTC? BTC bulls are pressing on, and there are a series of lower lows at the back of decreasing volumes. Even so, how prices react at 0.065 BTC today might determine the near-term formation. Conversely, there must be a conclusive close above 0.067 BTC for ETH bulls to resume the uptrend, aligning with the upswing from mid-April 2023. Resistance level to watch out for: 0.067 BTC Support level to watch out for: 0.065 BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Ethereum Recovers versus Bitcoin, Next Stop at 0.072 BTC?Past performance of ETHBTC Ethereum bulls are in control as the coin tears to register new highs versus the greenback. Meanwhile, the coin reverses losses against BTC, looking at the formation in the daily chart. Overall, for now, the path of least resistance is northwards, and aggressive traders may look to align themselves with gains of April 11 and 12. Those two bars had high rising volumes and found critical support at 0.062 BTC, marking March 2023 lows. If buyers build on from here, ETH may rally to Jan and February 2023 lows in a refreshing retest. #ETHBTC Technical Analysis Buyers are upbeat, and ETH buyers are in control. The double bar formation of April 12 was capped with rising volumes on April 12. Subsequent gains on April 13 completed the follow-through, suggesting that the reversal is well-anchored. Therefore, per the current formation, any dip above 0.062 BTC may allow bulls to load on dips targeting 0.072 BTC or more if ETH bull bars are with expanding volumes. What to Expect from #ETHBTC? After weeks of lower lows that saw ETH lose roughly 20% versus ETH from January peaks, the trend is reversing. Buyers are now in the driving seat. Every contraction above 0.062BTC may offer entries for optimistic traders angling for March 2023 highs or better. Resistance level to watch out for: 0.072 BTC Support level to watch out for: 0.062BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Ethereum Adds 10% versus Bitcoin as Traders Target 0.072 BTCPast Performance of ETHBTC After underperforming Bitcoin throughout Q1 2023, dropping roughly 20% in three months, the tide is beginning to change. ETH buyers are in control when writing, checking the performance in the daily chart. As it is, ETH is up 10% from March lows. At this pace, and with ETH prices breaking out versus Bitcoin, traders can look to add to their longs, riding the emerging trend. #ETHBTC Technical Analysis The path of least resistance is northwards as Ethereum recovers after sharp losses in Q1 2023. Critical support lies at March lows at 0.062BTC while a reaction line traders should watch is 0.065 BTC. With prices above the middle BB, every dip is a loading opportunity, with targets set at mid-March 2023 high at around 0.072 BTC. Per the formation in the daily chart, traders can look to buy the dips as momentum picks up. Already, bull bars appear to band along the upper BB, a possible opportunity for bulls. What to Expect from #ETHBTC? The ETH rally is driven by fundamentals as network users look forward to Shanghai. At this pace, ETH may peel back losses posted versus BTC, retest March highs, and even push back to Q1 2023 highs and primary resistance at 0.077 BTC. Resistance level to watch out for: 0.072 BTC Support level to watch out for: 0.065 BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
1
#Ethereum Swings Higher, Will Bulls Break Above The Bear Flag?Past Performance of ETHBTC ETH buyers have the upper hand, per the price action in the daily chart. After gains of mid this week, bulls failed to push higher on March 2. Nonetheless, as long as the immediate support holds, buyers can extend recent gains, reversing losses posted in January. #ETHBTC Technical Analysis Technically, buyers are in control, at least per the performance in February. Resistance is at 0.072 BTC, while support is at around 0.068 BTC. Conservative traders can wait for a clear breakout before loading the dips, targeting 0.065 BTC if sellers take over, mirroring the trend back in January. In the short term, traders may look to buy the dip, scalping price action as long as prices are inside the bull bar of February 28. Every low above the middle BB and 0.069 BTC may offer entries for buyers angling for 0.072 BTC, or better, should bulls take control in the medium term. What to Expect from #ETHBTC? Ahead of a fundamental event in Ethereum, ETH bulls are gathering momentum, striving to reverse the losses of January. In the current consolidation and a possible bear flag, there must be sharp gains above February highs for confirmation of the uptrend. If not, there are high odds of BTC bulls taking over, resuming the downtrend. Resistance level to watch out for: 0.072BTC Support level to watch out for: 0.065 BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#ETH Bulls Firm, But Will ETHBTC Slow Down at 0.072BTC?Past Performance of ETHBTC The uptrend remains valid, but ETH buyers have been flowing back. In a retest of the previous support line, buyers found resistance at 0.072BTC. There is a double bar formation signaling weakness. For ETH buyers to take over, there must be strong reversals of yesterday's losses with rising volumes. In that case, ETH will snap back to trend, qualifying the recent bear breakout below the wedge as a bear trap. #ETHBTC Technical Analysis The bear bar of January 24 defines the current formation, placing BTC buyers in the picture. After a 5% gain in the past two weeks, ETH found resistance at 0.072 BTC. If the uptrend is to continue, reversing losses of January 24 and canceling out sellers of late January, the breakout back to the rising wedge ought to be with expanding volumes. Buyers would, should this happen, set sights on 0.078BTC or January highs. Conversely, confirmation of yesterday's losses may trigger more sell-off, triggering BTC demand. In that likelihood, bears may ride the emerging trend, targeting 0.065BTC and confirming sellers of January 24. What to Expect from #ETHBTC? At the present formation, sellers are in control in the short term, syncing with the bear candlestick of January 24. Conservative traders can wait for losses below 0.065BTC before adding to their shorts. Any surge above 0.072BTC will invalidate the bear breakout and likely form the base for a leg up to the January high. Resistance level to watch out for: 0.072BTC Support level to watch out for: 0.065BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#ETHBTC Consolidates, ETH Could Jump 25% if Bulls Break 0.068BTCPast Performance of ETHBTC Bitcoin bulls have the upper hand versus ETH, per the candlestick arrangement in the daily chart. BTC has gained roughly 21 percent against ETH from early September 2022. However, at the moment, prices are consolidating with clear limits at 0.068 BTC and 0.066 BTC. A high-volume break above the middle BB may see ETH buyers take charge in a reversal. If not, there could be more room for BTC bulls to press in a bear-trend continuation. #ETHBTC Technical Analysis The extended consolidation of the ETHBTC has led to a BB squeeze in the daily chart. Sellers remain in charge, and BTC bulls may double down if there are gains below 0.066 BTC and the 50 percent Fibonacci retracement level. In that case, BTC traders may load up on every attempt higher with sights at 0.063 BTC in a bear breakout formation. However, risk-on traders may ride the wave higher, favoring ETH bulls if there is a breakout above the middle BB and 0.068 BTC. This breakout would align ETH with the primary trend established in the better part of Q3 2022. If Ethereum buyers take charge, there will be a high possibility of a retest of September highs at 0.085 BTC. What to Expect from #ETHBTC? Prices are stuck in a sideways movement after weeks of lower lows. However, from a top-down preview, buyers have the upper hand, as the price action of Q3 2022 reveals. Therefore, if there is an ETH-favorable break out above the 20-day moving average, prices could explode higher. Resistance level to watch out for: 0.068 BTC Support level to watch out for: 0.066 BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Ethereum Bulls Roaring, ETH May Rally above 0.088 BTCPast Performance of ETHBTC ETH prices are relatively firm versus BTC when writing, per the formation in the daily chart. Overall, buyers are in control, and the immediate trend is northwards. From the ETHBTC candlestick arrangement, the immediate support is 0.075 BTC coinciding with around April 2022 highs, a critical reaction level. #ETHBTC Technical Analysis After attempts of lower lows earlier this week, ETH bulls flew back on September 13, rejecting attempts to push prices even lower. From the daily chart, traders can find loading opportunities on every attempt lower as long as prices are held above 0.075BTC or this week's lows. The immediate target will be September highs at 0.085 BTC for aggressive ETH bulls. Meanwhile, traders waiting for a clear trend definition can wait for a clean break above 0.085 BTC, at the back of rising trading volumes, to initiate longs and ride the primary trend and the bull breakout of early August 2022. In this case, the first bull target will be 0.088 BTC or 2021 highs. What to Expect from #ETHBTC? Pumped by fundamental factors, Ethereum buyers are in control and would likely rally above 0.085 BTC and register new all-time highs. On the reverse side, deeper and unexpected retracements below 0.075 BTC will shift the momentum to bears. Resistance level to watch out for: 0.085 BTC Support level to watch out for: 0.075 BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#ETH Uptrend is Defined, Bulls May Reclaim 0.082 BTCPast Performance of ETHBTC ETH bulls are in the driving seat when writing, reading from the formation in the daily chart. For context, ETH has outperformed BTC in the last two months, adding an impressive 65 percent. Although ETH is currently down, prices are above the dynamic support line, which is the middle BB, and if they press on, they would likely reclaim August 2022 highs. #ETHBTC Technical Analysis Following gains of August 25, ETH bulls have unwound losses it posted versus BTC on August 19. However, those gains have been reversed at spot rates. The positive news is that ETH prices are back above the 20-day moving average, aligning with the primary trend established in July. As of now, aggressive ETH traders may load the dips in smaller time frames, targeting 0.082 BTC or August 2022 highs. However, this forecast will hold as long as prices are above 0.074 BTC or last week's lows. Meanwhile, conservative trend traders can wait for a clean close above 0.082 BTC before riding the emerging formation, aiming for 0.089 BTC or December 2021 highs. What to Expect from ETHBTC? Losses of late last week have been reversed, and ETH prices are back in an uptrend despite earlier losses today. In all, the primary trend has been defined and ETH bulls may edge above August 2022 highs in a continuation pattern if ETH bulls reject lower prices by today’s close. Resistance level to watch out for: 0.082 BTC Support level to watch out for: 0.074 BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Ethereum Pullbacks, but will Bulls Reclaim 0.088 BTC?Past Performance of #ETHBTC Ethereum is outperforming Bitcoin at spot rates even with the dump on August 14. Thus far, ETH is up a massive 58 percent versus the digital gold, with more headroom, reading from the formation in the daily chart. In the days ahead, traders should watch out for how prices react at last week's highs at 0.079 BTC, gauging how the medium-term formation will be. #ETHBTC Technical Analysis The August 14 bar is engulfing and has relatively high trading volumes. After gains from mid-June, ETH prices may recoil briefly before another leg up because of fundamental factors. Accordingly, traders may search to buy the dips above 0.073 BTC, marking August 10 lows. If prices retrace from last week's peaks but are maintained above 0.073 BTC, the uptrend will be valid from an effort versus results perspective. Bull resumption would likely push ETH back to December 2021 peaks at 0.088 BTC. If not, sharp dumps below 0.073 BTC may complete a head-and-shoulder formation, swinging price action for BTC bulls. What to Expect from #ETH? ETH bulls are solid and have the upper hand. Even so, for the uptrend to be valid, there must be a sharp close above last week's highs. A spike above this liquidation level may see ETH float to 2021 highs. Resistance level to watch out for: 0.081 BTC Support level to watch out for: 0.073 BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
Ethereum soars 44% as ETH Bulls Target April 2022 HighsPast Performance of ETHBTC The ETHBTC price is back in the early May 2022 trade range as per the formation in the daily chart. At spot rates, prices are at new weekly highs. Notably, ETH bulls are building on July 27 gains as an impetus to chart higher. With Ethereum bulls stretching BTC and recouping losses posted in the late Q2 2022, the path of least resistance appears northwards. #ETHBTC Technical Analysis ETH buyers are in the driving seat, reversing losses of the first phase of the week. Per the development in the daily chart, traders may find entries to load on any attempt towards July 27 lows of 0.065 BTC on the lower end as they anticipate more gains in the days ahead. Meanwhile, the immediate target for optimistic bulls is at 0.076 BTC, flashing with April 2022 highs. This bullish outlook is, however, only valid provided the leg up is with average to high trading volumes signaling support from the broader trading community. Conversely, if prices tank below 0.065 BTC, the uptrend will be invalidated. What to Expect from #ETHBTC? The market is recovering and ETH has the upper hand versus BTC, reading from the candlestick arrangement in the daily chart. When writing, bulls are oozing confidence, adding 44 percent from the 2022 lows. At the current pace, there appears to be more headroom for gains if bulls flock back to sustain the current upside momentum. Resistance level to watch out for: 0.075 BTC Support level to watch out for: 0.065 BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer