ETH ANALYSIS#ETH UPDATE.
#ETH isd currently trading at the blue box daily support and if eth loses the current daily support it is lost likely that eth might test the green box support on daily soon.The next possible move would take 4-6 hours so keep eyes on that,however purple box is the current resistance and eth needs to close above this level for any upside move.
Ether
ETH ANALYSIS#ETH UDATE.
#ETH has broken below to the purple box area which was the support and is now acting as the resistance for ETH.ETH is currently holding the daily support at the yellow box area ,if eth loses the current yellow box support and closes below to the yellow box on daily then I do expect more dump in the price of the ETH.
ETH Daily TA BearishETHUSD daily guidance is cautiously bearish. Recommended ratio: 5% ETH, 95% Cash.
*SELL-OFF WATCH. Cryptos and Equities are getting hammered as the effects of tighter monetary policy are starting to materialize in markets and the realization that the Federal Reserve may raise the funds rate beyond their 5.1%-5.2% projected terminal rate is a very real possibility. San Francisco Fed President Daly said today that her inflation projection has gone up and that she thinks we're still far away from the Fed's price stability goal ; this matches Fed Chair Powell's statement, during Wednesday's FOMC press conference, about markets and the economy not having felt the full effects of tightening yet. New York Fed President Williams said today that the still tight labor market may warrant a higher terminal funds rate than the Federal Reserve has projected (>5.1%) . The latest GDPNow US Q4 GDP estimate is 2.8%, down from 3.2% on 12/09 .
All eyes are still on CZ and Binance as he appears to be saying the same things SBF was saying about FTX, about Binance . Srutiny over whether or not Binance is actually solvent is starting to heat up in the midst of a battle of words with Kevin O'Leary (who continues to solidify his appearance as a fraudulent celebrity by defending FTX and SBF) . A class-action lawsuit was filed against Silvergate (a Federal Reserve member bank that supports cryptocurrency firms) for their involvement in transferring funds from FTX to Alameda Research , Silvergate's potential insolvency is a bearish catalyst that has yet to fully materialize in markets so it's important to keep track of this one. Russia continues to shell Ukraine's power grid infrastructure in attempt to push Ukraine into submission as the coldest of the winter months approaches.
DXY, US Long-Term Treasurys, Metals, Agriculture, JPYUSD and HSI are up. Cryptos, US Equities, US Equity Futures, Short-Term US Treasurys, Energy, VIX, CNYUSD, GBPUSD, EURUSD, N100 and NI225 are down.
Key Upcoming Dates: US November New Residential Construction at 830am EST 12/20; US Final Q3 GDP Estimate at 830am EST 12/22; US November PCE Index at 830am EST 12/23; UofM Consumer Sentiment Index at 10am EST 12/23. *
Price is currently trending down at $1196 after being rejected by the upper trendline of the descending channel from November 2021 + the 50MA at ~$1310 as resistance. Volume remains Moderate (High) and is on track to favor sellers for a third consecutive session if it closes today's session in the red; Price is currently breaking down below the VP Point of Control at $1265. Parabolic SAR flips bearish at $1152, this margin is bearish at the moment. RSI is currently trending down at 42 as it approaches a retest of the lower trendline of the Symmetrical Triangle from November 2018 at 38 as support. Stochastic remains bearish and is currently testing 33 support. MACD remains bullish and is currently on the verge of crossing over bearish at -3, if it falls below -3 then it would be a bearish crossover; the next support (minor) is at -46. ADX is currently trending sideways at -21 and is beginning to form a soft trough as Price continue to see selling pressure, this is mildly bearish at the moment.
If Price is able to bounce here then it will likely retest $1270 minor resistance . However, if Price continues to fall here, it will likely retest $1k minor support for the first time since July 2022. Mental Stop Loss: (two consecutive closes above) $1270.
ETHUSD - It is what it is - Still more downside to comeETHUSD looks bearish.
It is what it is . Probably many people would prefer to see higher prices but BTC broke the key support and ETH is lagging behind. It will have to catch up .
Probably some FUD would be a trigger for a dump.
What could it be? Do you have any clue? Feel free to share your FUD ideas in the comment section !
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
$ETHUSD What to watch for Idea for ETH
Basic trend line that shows to similar areas in green rectangles
These areas share a lot of structural similarities
Reversal Pattern
Ethereum - lack of volume - volatile FOMC meeting timeEven in case of bullish fakeouts
Assuming good news at FOMC announcement we might see a quick move up for ETH due to lack of volume above dear Crypto Nation
That's the power of volume - be prepared‼️
Let me know your thoughts in the comments🤗
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Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
Ethereum/US Dollar — December 10th, 2022In June as 3AC, Luna, and Co. came tumbling down crashing the market, Ethereum found a local bottom at $880. This number is a few dollars off depending on what exchange you’re using, it was a scam wick so that tends to happen. Anyways, huge level at $975 (which isn’t marked on this chart) that I took blindly on the 18th and played that move upwards. That pattern was seen as capitulation (marked red), followed by a scam wick to a catch by a God-tier level of support, which happened to be $1,041, bottom range of the green box. From here, we saw a short period of manipulation which is used by algo’s to try and stop you out of your position. If I had a stop loss throughout the month of July I would not have hit that trade, and by the time you check the charts, it’s too late.
This June capitulation move’s extension was played out to $1,995 and rejected off of there. Now, I marked that as a dashed line because that’s a 1st touch rejection and a typical occurrence for an asset coming out of a major sell-off / bear market, turning the tides. This is only seen if we’ve seen the bottom here on this November capitulation event that I’ll explain next.
In November, last month, we all know what happened and I know you’re tired of hearing about it too. This SBF capitulation event brought the spot price of Ethereum down to the God-tier level of $1,111 seen and respected in June. Now, if this is the last of the contagion, I’m sure you can agree with me that this is a double bottom formation with a higher low on this event although apparently CT was saying it’s going to get worse.
At the moment, my entry on this capitulation event whatever you want to call this, deviation, is $1,111 and I didn’t use a stop loss on this play either. We’re currently holding below this $1,287 level and I believe we should dance around it on the weekly open tomorrow night. From here if $1,111 continues to be respected and we keep stacking support levels, I’m expecting these TP1&2 marked out on my chart to play out. Again, just like June, I’m sort of expecting some weirdness around these levels as they are very touchy. Any serious close below $1,111 that isn’t a manipulation candle would send Ethereum straight to $788, but at the moment for some crazy reason I can’t help but to see this double bottom pattern. I’m expecting the same pattern as June to play out if we don’t see any more contagion.
Bitcoin's last bottom was 4-years ago in December 2018 and Bitcoin moves in 4-year cycles in tandem with the halving event. Today is December 10th, 2022.
I wish you all the best, cheers traders!
As always please do your own research, I am not a financial advisor and this chart is for educational purposes only.
ETH ANALYSIS#ETH UPDATE.
#ETH has bounced back from the double bottom after the breakdown from the ascending triangle Longs will be open only if eth closes above the red box resistance on daily,however on losing the purple box support eth will test the green box support area .
ETH - CAUTION!ETH symmetrical triangle is about to finish in 3 weeks.
Be really careful for the last big drop
ETHUSD - Structure to WatchStructure in green rectangle should be considered for the bulls
Down channel in red and slight up channel can be also drawn in white
Double bottom is evident along this white channel, favoring the bulls
ETH Daily TA Cautiously BearishETHUSD daily guidance is cautiously bearish. Recommended ratio: 35% ETH, 65% Cash.
*Risk-On markets continue to get shellacked by a combination of: expectations of rising central bank interest rates through the first half of 2023 (and perhaps beyond) and continued supply chain disruptions due to more sanctions on Russia (which influences BRICS and OPEC+) and a massive reduction in US/China trade that is currently underway. Turkey has begun to ask for proof of insurance from Russian oil tankers now that Western insurers have been stepping away, this has reportedly caused a bit of a backlog in the Bosphorus Straits. Any earnings reports are essentially a non-factor considering that many of the forecasts point to decreases in top and bottom lines across many of the heaviest weighted industry sectors for Q4 and 2023.
Putin said today that the risks of nuclear war are growing as needs for Russia to potentially use them as a "deterrent" are also growing . I really hope that this guy is taken out from inside, anybody who makes these kinds of threats that could potentially wipe out a majority (if not all) of their own people in response does not deserve to be a country's leader. Russian people should be just as scared as Ukrainians if this is the route Putin decides to take.
VIX, EURUSD, GBPUSD, JPYUSD, CNYUSD, Metals, Natural Gas, DJI Futures and Agriculture (mixed). DXY, US Equities, US Equity Futures (mixed), US Treasurys, Cryptos, NI225, N100 and HSI are down.
Key Upcoming Dates: US November PPI 830am EST 12/09; US November CPI 830am EST 12/13; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14; US November New Residential Construction at 830am EST 12/20; US Final Q3 GDP Estimate at 830am EST 12/22; US November PCE Index at 830am EST 12/23; UofM Consumer Sentiment Index at 10am EST 12/23. *
Price is currently trending down at $1232 and risks losing $1270 minor support if it closes below $1230 in today's session. Volume is currently Moderate (low) and on track to favor sellers if it closes today's session in the red, it has been alternating between buyer and seller dominance in the second largest supply/demand zone over the past week. Parabolic SAR flips bearish at $1085, this margin is mildly bearish at the moment. RSI is currently trending down at 47 and fell back into the Symmetrical Triangle (ST) from February 2020 in today's session, the next support is the lower trendline of the aforementioned ST at ~39. Stochastic remains bearish and is currently trending down at 68, the next support is at 62. MACD remains bullish and is currently forming a soft peak as it begins to trend down at -11, it would have to fall below -24 to crossover bearish at the moment. ADX is currently trending down at 28 and is beginning to form a soft trough as Price continues to see selling pressure, this is mildly bearish at the moment.
If Price is able to bounce here and trade back above $1270 minor support then it will likely aim to retest the 50MA at $1329 as resistance (which should coincide with the upper trendline of the descending channel from November 2021. However, if Price continues to fall here, it will likely retest the local low of $1100 as support before potentially retesting $1000 minor support for the first time since July 2022. Mental Stop Loss: (one close above) $1270 .
Ethereum - ETH traffic light scenario🚦Next to my Bitcoin traffic light scenario🚦
Here is one for Ethereum
🔴Bearish phase
TKD indicator turned from green to red
🟡ETH accumulation phase
TKD indicator forms a top
🟢Bullish phase
TKD indicator turned from red to green
Let me know your thoughts in the comments🤗
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Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
Ethereum is not being any more bullish than rest of the marketSimilarly, like in the case of Bitcoin, we patiently wait for Ethereum to resume selling pressure and revisit much lower price tags. Fortunately, macroeconomic factors do not force us to abandon the price targets we erected during the summer. Therefore we still maintain them. Respectively, we are talking about 1 000$ and 900$.
Technical analysis
Daily time frame = Neutral
Weekly time frame = 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.
ETHERUM #ETH SELL CONFIRMEDBINANCE:ETHUSDT
let watch Ethereum to start falling in a very few days from now.
Ethereum price hints at possible growthIn November, when the BTCUSDT price updated the 2022 low, ETH buyers did not allow the price to update the annual low.
In November, the fall of the ETHUSDT price stopped in the liquidity zone of $1000-1250. This zone has played an important role in supporting buyers since 2021.
In the near future, Ethereum buyers have an important task to fix the Ether price above the liquidity zone, that is, above $1250
So, in the event of a "positive" in the cryptocurrency market, we have the following assumption of the possible movement of the ETHUSD price:
Growth to $1540 - correction to $1200-1250 - growth to $1900
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ETH +10% in the next days?Hello hello! I made a quick analysis on ETH on a daily timeframe and I see some potential of another aggressive move of at least 10%. The EMAs are close to cross, indicating a bullish environment, the moving averages overall shows a strong buy, and a strong zone of resistance was recently broken, so the next target should be the next zone - at 1373. On the retest of the previous resistance we can be looking for an entry, giving us a 10% move until the next zone.
What do you think? COINBASE:ETHUSD
Ether: questionable recoveryEther had a relatively good week, managing to recover some 5% of its market value, adding $7B to its market cap. Regardless of good weekly news, it is still too early to celebrate, since the dust over FTX contingencies is not settled, and market insecurity is still keeping investors aside. In this sense, it might take some time in the future until we see a clear ETH recovery, while based on ETH futures inverted price curve, markets are not expecting some significant increase in price of the coin until the end of next year. FED's monetary measures and unsecure macroeconomic environment are significantly adding to investor`s decreased confidence.
Previous week ETH started at a level of $1.150, which is the lowest level for the previous week. During the week, the coin was pushed higher, and was testing short term resistance at $1.3K. Considering significantly decreased daily trading volumes, there was just not enough market strength to push the price above this level, so the market reverted a bit to the downside. ETH is finishing the week around level of $1.260. RSI tried to break the 50 line, but still ended the week at this level. Market is still not ready for a clear road toward the overbought side. Moving averages of 50 and 200 days are slowing down their downtrend, but still continue to move as two parallel lines. There is still no indication on the potential for a cross to occur anytime soon.
Considering significantly decreased daily trading volumes, any sort of stronger recovery will be on hold. It might take even several weeks more. Investor’s hesitancy is on a stage now, and will be for some time in the future period. In this sense, it could be expected that ETH will continue to move within its current range, from the $1.2K support line, with some potential for $1.4K, but with lower probability.
ETHUSD - RSI bearish divergencehello all, as we can see, after a nice rally, ethereum has come to the most important resistance by printing a divergence on the RSI, I think we will see a revisit of the support at 1235. Thanks everyone!
Ethereum - Use of volume profileMy trading wisdom for you dear Crypto Nation
Use volume profile to find key resistance and support🔴🟢
Here a live example of current short-term support levels for ETH on the 1h chart👀
Let me know your thoughts in the comments🤗
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Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
Ethereum Multi time frames 🔵1 h chart 🔴4 h chart 🟢daily chartEthereum Multi time frames
🔵1 h chart - possible correction should find volume support at $1,202
🔴4 h chart - further support given by EMA50
🟢daily chart - a break of 1,269 would be a huge bullish signal 🚨👀
Let me know your thoughts in the comments🤗
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Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
