Ether
Ethereum - Is going to reach this level??? 😯🧨Global markets await the impact of China's real estate crisis and cryptocurrency investors await the exercise of bitcoin options worth $3.4bn. Bitcoin options expiry takes place today. That's why we saw bitcoin and all altcoins fall sharply today. On the technical analysis side, the price broke the wedge pattern and now has corrected to the $2,830 level. Locally, the movement continues to be in a bearish trend. Therefore, there could be a local consolidation, a breakdown and a drop to the low of $2653.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
ETH Needs This Crucial Level Ahead Of Approach To $4,000
Ethereum is doddering at $3,100 after failing to break the resistance at $3,200.
The MACD may call more buyers into the market if Ether confirms a break above $3,200, a move that could bolster ETH toward $4,000.
Ethereum moved with its peers on Thursday and managed to reclaim the ground above $3,000. As reported earlier this week, the prominent smart contracts token had plunged to $2,650 amid a highly volatile cryptocurrency market. Ether also extended the bullish leg above $3,100 but stopped before brushing shoulders with $3,200.
Bitcoin has also been lethargic in its recovery after testing support at $40,000 this week. The largest cryptocurrency closed the gap to $44,000 but is yet to confirm a breakout above $45,000.
Ethereum Must Close Above $3,200 To Validate Upswing To $4,000
The resistance at $3,200 has been a daunting task for the bulls, resulting in a correction toward $3,000. Meanwhile, Ether is teetering at $3,100 at writing as bulls fight to shake off the engulfing selling pressure.
Bulls must confirm a break above $3,200 to add credibility to the optimistic narrative eyeing $4,000. Realize that the 50-day Simple Moving Average (SMA) could make it difficult for buyers to achieve their goals quickly. Moreover, the supply zone in red will also hinder ETH from breaking through and lead to another round of losses.
The daily chart reveals that the Moving Average Convergence Divergence (MACD) has wallowed in bearish signals since September 7. This technical index afforms the general lethargic picture as it stays in the negative region under the mean line.
Traders should lookout for a buy signal in the coming session or days to ascertain the validity of the uptrend. All the sake, trading above $3,200 would hasten the occurrence of the bullish call.
On the downside, overhead pressure will soar if Ethereum losses support at $3,000. Investors are likely to sell in masses amid panic that the demand in green could give in to the pressure this time around. It is worth mentioning that the 100-day SMA has cemented the buyer congestion zone while the 200-day SMA currently holds at $2,612.
Ethereum Intraday Levels
Spot rate: 3,098
Trend: Bearish bias
Volatility: Low
Support: $3,000 and $2,650
Resistance: $3,200 and $3,600
ETHUSD Growth LocationWe can be seen to entering the best possible entry territory for ETHUSD (green circle)
This is second to the entry at the aqua circle
We sell when Ethereum enters the overbought zone in the red
This leaves the price at around ~8000USD
Similarities can also be seen on the MACD, with two peaks
ETH - possible scenario 🤔🤔At the moment bitcoin is in a local correction, globally we continue to be in a bullish cycle, it is hard to say if there will be another big drop. But if it happens, the best place to buy ETH would be after the liquidity collection below the $3010 level. Most traders' stop losses are set there.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
ETH Slides To $2,650 For The First Time Since Early August
Ethereum shakes off weak hands from the market following the freefall to $2,650.
The 100-day SMA plays a crucial role, ensuring that ETH does not extend the bearish leg to $2,400.
The cryptocurrency market is experiencing a downtrend run amid heightened volatility. Investors have been cautiously bullish, especially with the stock market bleeding in the wake of Evergrade’s, a Chinese property behemoth saga.
Ethereum continues with its bearish stretch from the previous week, where it was rejected at $3,679 (data from Coinbase). Most enthusiasts and crypto analysts pointed to $3,000 as the ultimate support. However, over the last 24 hours, Ether made its way to $2,650, levels not seen since early August.
Where Is Ethereum Price Headed?
The gigantic smart contract token is trading at $2,875 on Wednesday and toward the end of the Asian session. Overhead pressure shot up significantly after Ether lost the support at the red zone on the daily chart.
Nonetheless, the 100-day Simple Moving Average (SMA) came in handy, preventing bears from doing more damage. With this support in place, Ethereum has started looking toward recovery above $3,000.
It is worth mentioning that if recovery to $3,000 fails, bears may attempt another takeover, this time targeting the green zone near $2,400. The 200-day SMA will also be in line to provide Ethereum with cushioning.
The second-largest cryptocurrency would likely dance between the red and the green zones in the coming sessions. Traders can watch out for action past the 50-day SMA to ascertain the validity of the uptrend to $3,600 and later to $4,000.
According to the Relative Strength Index (RSI), buyers are gradually regaining control. The uptrend’s strength will soar as the RSI lifts toward the midline and the overbought area.
On the downside, holding above the green zone is particularly crucial for Ethereum because immense sell orders could be triggered as panic selling grips investors. If it fails to hold, we can expect ETH to make a comeback at $2,000.
Ethereum Intraday Levels
Spot rate: $2,868
Trend: Minor bullish bias
Volatility: Low
Support: The 100-day SMA and $2,400
Resistance: $$3,200 and the 50-day SMA
Ethereum OPPORTUNITY!!!Hello IWealth Here, I have been Trading and Teaching for 7 years. and im happy to share my idea that could help you in the crypto space.
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Ethereum had that strong rejection from the $4000 resistance level, however if you look back in history this is not surprising because Ethereum typically hits resistance 2/3 times before breaking out. I expect that we spend some time inside the triangle, even fullbacking back more to around 2200-2600 before finally breaking out of the 4000 resistance level! Be patient everyone hope this helps!
ETHUSD idea and forecastWhere I see ETHUSD going on the four hour chart
I see great potential for a strong recovery from this recent fall
I expect a move up, being semi parallel to the (2-3) move
These are just my thoughts so take with a grain of salt
I am looking for the 8k range for a sell on ETHUSD
₿ BTCUSD 1D ₿ : 20.Sep.2021 (Update)Well, as we mentioned in the previous analysis, the price was not strong enough to climb, and this caused the bears to enter the market and the price fell to our first support target ( 42,500$ ), while the price loses this important support. The next downside target is 37,300$ ... BITSTAMP:BTCUSD
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 20.Sep.2021
⚠️(DYOR)
Ethereum Daily Idea ETHUSDTwice previously the 50MA has been a point of bullish rejection for price
Will we see a third rejection? and continuation upward?
It seems ETHUSD has built up a large support area that id like to assume will hodl
I want this to go to 8K
I also think Visa's recent purchase of a Cryptopunk NFT is very big news for NFT's and Ethereum and may contribute to a move upwards
Ethereum Ready to $10,000 within couple of weeks..?#ETH/USDT Profit Update:-
$ETH currently trading at $3566 and went upto $4030
So Hope you happy with our Analysis against Head & Shoulder.
Everyone was bearish when Head & Shoulder pattern worked on TOP but That time I only bullish and Drawn Fib Levels.
So Now 125% pure profit without leverage.
And if you open with 5x lev then 600% pure profit.
But I always suggest to play safe.
Never use High leverage.
Now..?
I am watching closely 0.236 fib level which is good support at $3249 if break down then I will exit from this trade and wait for next entry.
And if again ETH break $4158 then we can see $5000-$6000 and $10000 also.
Support:- $3249/$2687
Resistance:- $4158/ATH
Please LIKE and support.
Thank you.
Ethereum Ready for $7000#ETH/USDT exclusive TA Update:-
#ETH currently trading at $3545
And need to break $4000 resistance for New all time high.
Now Looks good for fresh entry.
Entry:- $3400-$3550 ( Spot )
Targets:- $4000/$4800/$7000
Stop Loss:- $3300
Support 1 is strong so If hold this support then we can see New ATH very soon.
Don’t forget to set SL
Support:- $3330/$2521/$1900
Resistance:- $4000/$4800/$7000
Press ❤️ and Please Appreciate my hard work.
ETH ShortEven though I'm bullish on ETH in the long term, in the short term, $ETH is looking pretty bearish. With that being said, you should consider cutting some of your ETH to buy at a cheaper price. Either way, this is only a short term pullback as I believe crypto is going to push higher. Thank you!
ETH Is One Crucial Bump Away From Exploding To $4,000
Ethereum rebounds from $3,000 to above $3,400 but faces intense resistance between $3,500 and $3,600.
The IOMAP model reinforces the resistance between $3,500 and $3,600 from an on-chain perspective.
Ethereum has, in the last one week, focused on securing higher support, especially one that is strong enough to prevent losses from stretching below $3,000. Prior, the pioneer smart contracts cryptocurrency had made tremendous progress from July lows of $1,700 to touching $4,000.
As Bitcoin tumbled from $54,000 in the first week of September, Ethereum saw its boat start to sink. Various tentative support areas at $3,600 and $3,400 did little to halt the downswing, which resulted in declines near $3,300.
Ethereum Bulls Not Ready To Give Up Mission To $4,000
The 50-day Simple Moving Average (SMA) put up a strong barrier, allowing buyers to feel the support. This increased investor confidence, and Ether recoiled above $3,400. However, another hurdle has become apparent at $3,500 and $3,600, delaying the expected recovery to $4,000.
Ethereum must close the day above this barrier to validate action to $4,000. Moreover, more buyers will come into the market as Ether makes haste toward $4,000.
Meanwhile, the Relative Strength Index (RSI) shows that ETH may settle for sideways trading as it levels at the midline. Nonetheless, nothing in the volatile cryptocurrency market is cast in stone. Hence it is essential to watch out for the direction of the RSI moving forward.
IntoTheBlock’s IOMAP model brings to light a massive resistance, running from $3,512 to $3,614. This region is currently preventing bulls from achieving their goal to trade around $4,000.
Nearly 316,000 addresses bought 8.21 million ETH in this range and will try to break even as Ethereum rises, a move likely to dampen the buying pressure. However, slicing through the same barrier would bolster Ethereum significantly upward as buyers take on $4,000.
On the downside, Ethereum sits on top of relatively weak support areas, but the model brings our attention to the area running from $3,304 to $3,405. Here, 1.28 million addresses scooped up 4.5 million ETH. If they hold steady, Ethereum may have the chance to close the gap to $4,000, but losses will soar if broken and perhaps explore areas under $3,000.
Ethereum Intraday Levels
Spot rate: $3,400
Trend: Sideways
Volatility: Low
Resistance: $3,500 to $3,600
Support: $3,300 to $3,400
ETHUSD Demand !Ethereum can be seen undergoing huge demand
This is demonstrated on the Weekly chart by these long wick ends
Price has consistently been pushed up before candle close
This shows demand throughout this price area
Coupled with a large support area, I expect bullish continuation on the Weekly timeframe based on this observation