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ETH - Potential Bearish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. ETH is sitting around strong daily support in green so we will be looking for buy setups. Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right? on H4: ETH is forming a channel in red but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, ETH would be overall bearish can still trade lower and even break the green support downward. In this case, if we have a big bearish daily candle closing below the green support, then the next support/rejection would be the 1700.0 Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:ETHUSDLong
by TheSignalyst
43
ETH Head and Shoulders!!Ethereum was unable to sustain the $2100's yesterday and faced a big selloff that took us back to $2025, the last technical level of the $2K's. We appear to be seeing a head and shoulders pattern forming with a neckline at this level. The inverse Fibonacci extension level forms a good target if we do break down from this pattern and that puts us at $1795. The Kovach OBV has turned quite bearish. If we are wrong, we could test highs at $2400 soon.
BITSTAMP:ETHUSDShort
by quantguy
2
⚠️ ETH - BIG PICTURE ⚠️It's been a while since I posted a chart about Ethereum. I know everything is either collapsing or going through huge correction, But they won't all act in the same way. Compare this chart to Bitcoin, you'll see it too. Bitcoin made a huge noise, it broke out unstoppable and right now this Head & Shoulders are causing a huge collapse. But ETH didn't follow BTC in the ATH run. You guys remember that? It took longer to beat its own personal best and consolidated way more. And now it's not a low as Bitcoin is. Bitcoin is sitting on its last possible support right now forming a bearish formation. But ETH is still far from its first support. Now I'm not bullish on ETH, I know it's possible for more corrections and as you can see MACD defends my idea, But if Bitcoin crashes down to channels such as 19K or lower, it won't happen to ETH, since it way stronger. Maybe even the staking programs on ETH2 surprise us when its time to fall! Overall: ETH is stronger than BTC. They are both going down but they have different destinations! Let's see what happens... What do you think?
by ShawnMCR
3
Ethereum a New Evolution Brewing Still Time to Own At Least One!I know people are starting to sleep on cryptocurrency. Not too much heavy buying and not too much heavy selling. The state of the market is in limbo but these times present great opportunities. If you don't own at least one Ethereum now will be the time to seriously consider making it a goal. If you're trying to build wealth in cryptocurrency with the least amount of risk Ethereum is essential to your journey. I have new Fibonacci levels starting from the swing high of $4395 on May 12th to the swing low of $1695 on June 26nd. Ethereum has been trading between $1695 and $2300. I'd say that Ethereum under $2000 is a steal. Of course these prices can all change depending on Bitcoins mood. If Bitcoin drops to the lower 20ks as many people suggest then Ethereum can easily come down below $1,000. So be cautious as the market sentiment is still extremely fearful. However, the upside potential is extremely strong considering the developments taking place within Ethereum . Post EIP-1559 ( Ethereum becomes deflationary), continued DeFi expansion, and the NFT innovation are some of the catalyst that will have a major positive impact on Ethereum . Even Fox news channel and CNN are invested and experimenting in NFTs which is shocking to me. I believe we will have stagnant price action until there's a decisive move in the market to the upside or further downside. We have been moving sideways for some time which can indicate we're in a heavy accumulation phase in the market. Looking at on chain metrics from Santiment the whale supply held by top addresses have been increasing at an alarming rate since May 22nd. Smart money knows wassup. Ethereum is still very undervalued. Cheers much peace, love, health, and wealth as always! Keep building that crypto wealth for you and your family!
COINBASE:ETHUSDLong
by peacefuljustin
ETH Finds Support, Still Looks WeakEthereum broke down, reaching just above our level at $2025 at the lowest before equilibrating between $2087 and $2143. It seems the $2100's are a comfort zone for ETH right now. The Kovach OBV is extremely bearish. It was this that led us to believe ETH would breakdown from its consolidation pattern earlier, when it peaked up near $2400. Thus there is no reason to expect any bull runs any time soon, aside for perhaps some relief rallies to the broader bear trend. The low $2K handle should provide good support. We have swiftly rejected $1900's in the past, and this trend will likely continue.
BITSTAMP:ETHUSD
by quantguy
1
ETH - Downtrend?ETH is even hitting harder than the BTC, but the sell volumes at the moment are lower than BTC. This support is holding a price up and might even push it up for a bit BUT I can see any strength in it... In case the price started dropping more, that other support line I put on the chart can hold the price up and cause a bounce. If you're opening long positions, be very careful and close with small profits. This market is going to drop, soon! Current Market Price: $2156 Good Luck Tell me your ideas. Like and Share! Follow for more updates.
by ShawnMCR
4
Bottom touched? Will the bullish trend continue shortly?Looking at the chart development of the last years, we should actually be in the intermediate hiatus before the continuation of the bull run here. JP Morgan and other banks are gearing up and getting more excited about the number two in the market, while they are giving less appreciation to Bitcoin. I believe ETH should now recover from this point and move to higher highs, smaller short-term dips are possible. See you at the NEW ATH. P.S: All those who are shorting and think I don't understood the bull cycle should remember that the sell the news from major institutions has not yet occurred. So the sentiment is not so negative :D As always: The chart does not represent an investment recommendation for ETH. Sell and buy ether on your own responsibility. Always do your own research. Never invest more than you can afford to lose
BITSTAMP:ETHUSDLong
by Lobotto
Etehereum Meets ResistanceEthereum has caught some formidable momentum, taking us from the sub $2K handle back to $2232. The level at $2143 did not provide much resistance to ETH, but $2232 appears to be a roadblock. We are seeing a bit of a pullback here, but support back at $2143. Watch for it to range here, forming a bullish consolidation pattern before making a run for $2400. This is a serious level which is sure to provide resistance. If we run out of steam, then $2025 is the next level of support below. The Kovach OBV is still strong but rounding off ever so slightly
BITSTAMP:ETHUSDLong
by quantguy
Ethereum/Bitcoin Spread Should Expand MoreFor those unfamiliar with this indicator, the ETH/BTC intraday spread is a great risk on / risk off barometer for the crypto markets. I was both right and wrong in my previous analysis. I was right that the last downward wave was shaped as an ending diagonal. However I was wrong, when I thought it would go lower when it was actually completed. I relabeled the count to match what we are seeing right now with the movement of both cryptocurrencies. As I am writing these lines, ETH is consolidating the large gains made over the previous days. In theory, there should be another upward movement so we get 5 waves up from the lows of this week-end. As a trader, this means you should focus on trading ETH because it has potential for more gains.
BITSTAMP:ETHUSDLong
by quantmaven
2