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Ethereumanalysis

#Ethereum Slips despite Successful Merge, ETH Bears Target $1.4kPast Performance of Ethereum Ethereum slumped even after a successful merge, trackers currently show. Presently, the coin is down a disappointing seven percent against a resilient greenback, confirming losses of early this week. Based on the daily chart's formation, ETH appears weak and would likely post more losses in the days ahead. As such, unless there are sharp gains above $1.8k, sellers may look to unload, selling the news with targets at $1.4k. #Ethereum Technical Analysis Ethereum is trickling lower despite solid fundamentals. At press time, ETH is below the middle BB as buyers struggle to soak in the strong selling waves set in motion on September 13. Per the formation in the daily chart, traders may look to unload with sights at $1.4k. On the other hand, Conservative traders may wait until there is a clear sell signal below the August 29 lows. In that case, there could be more entries to liquidate in a bear trend continuation with targets at $1.1k, the 78.6 percent Fibonacci retracement level of the June to August 2022 trade range. This preview will only change once there is an encouraging rally above $1.8k at the back of high trading volumes reversing losses of the second week of September. What to Expect from #ETH? Fundamentally could likely prop ETH prices in the short to medium term. However, sellers are in charge at present, and ETH may slide in a bear trend continuation pattern back to critical Fibonacci retracement levels, especially if $1.4k fails. Resistance level to watch out for: $1.8k Support level to watch out for: $1.4k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
1
ETH Daily TA Cautiously BearishETHUSD Daily guidance is cautiously bearish. Recommended ratio: 25% ETH, 75% Cash. *After a successful Merge, Ethereum is now a Proof of Stake network... and in classic Crypto fashion, it appears to be going through a "Buy the Rumor, Sell the News" cycle. Cryptos, Equities, Futures, Commodities and the VIX are down while the Euro, US Treasuries and DXY are up on the day. US August Retail Sales were up 0.3% compared to consensus estimates of 0.1% and July's -0.4% reading. This higher than expected reading on US Retail Sales paired with a higher CPI will likely influence the Fed to stick to their 'beyond-neutral' commitment to getting inflation down by raising FFR by 75bps or even 100bps on 09/21. The 12th GDPNow US Q3 GDP estimate is now 0.5% compared to 1.3% on 09/09/22 . Key Upcoming Dates: UofM Consumer Sentiment Index at 10am EST 09/16; US August Building Permits and Housing Starts at 830am EST 09/20; FOMC meeting 09/20-09/21 (Statement Released at 2pm EST on 09/21); S&P US September Manufacturing PMI at 945am EST 09/23.* Price is currently trending down at ~$1500 as it breaks below the uptrend line from 06/18/22 at ~$1640, the next support is at $1427. Volume is currently High (low) and is on track to favor sellers in today's session, if it does it would make four of the past five session dominated by sellers. Parabolic SAR flips bullish at $1785, this margin is neutral at the moment. RSI is currently trending down at 42 after being rejected by the upper trendline of the Symmetrical Triangle from February 2020 at 55 resistance, the next support is the lower trendline of the Symmetrical Triangle at 37 support. Stochastic remains bearish and is currently trending down at 10 but is still technically testing 18 support. MACD is currently crossing over bearish at 3.5 after being rejected by 28 resistance, the next support is at -46. ADX is currently trending up slightly at 16 as Price falls, this is mildly bearish at the moment. If Price is able to bounce here then it will likely retest the uptrend line from 06/18/22 as resistance between ~$1600 and $1711 minor resistance . However, if Price continues to fall, it will likely formally retest $1427 support . Mental Stop Loss: (two consecutive closes above) $1600.
COINBASE:ETHUSD
by dailytaguy
Ethereum forecast Update 🧐🌸 Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on trading-view, And only a few of these analyzes are my actual trades. I hope Traders consider I am not responsible for your trades and investment decision. ------------------------------ 🌸 Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
Long
by Arash-RK
ETHUSDT 4h ETH Merge countdown, where price will go ?Taking into account the information hype surrounding the Ethereum Merges transition from PoW to PoS in 16 hours it is difficult to predict where the ETHUSDT price will start to move after the transition. It is predicted that the annual emission of ETH will amount to only 0.3%, and a significant decrease in the market supply affects the growth of the price according to the laws of economics. On the other hand, we have the original, historically 1st created Ethereum Classic, to which miners are increasingly switching. Investors' attention may switch from ETH to ETC, because the hashrate has grown by more than 500% since the beginning of the year, and the ETCUSDT price has increased 3 times in just 3 months, and this is in the current sluggish market. For us, two options are likely, which we have shown on the chart, we can only wait and watch. And to make this time pass more productively, we are announcing a contest: In the comments under the idea, share your graphs with an analysis of where the ETHUSDT price will go in the near future. The contest will end in an hour before The Merge (we marked it on the chart) In addition to gratitude and likes from Tradingview users, you will from us: 1st place - 300 coins 2nd place - 200 coins 3rd place - 100 coins _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
17
ETHEREUM: REJECTION FROM THE RESISTANCE!!!Hello traders, I hope your weekend was good. We are back again after the weekly close and things are still not taking a positive turn. Here's a quick update on Ethereum in a lower timeframe. Timeframe: 4 hours. Update: ETH gradually started pushing up after the sudden drop (from $1687 to 1487) on the 6th & 7th of September 2022. This pullback went from $1487 to $1789 almost a 20% rally. Currently, ETH is getting rejected from the resistance level of $1780. So far, the 21 MA is trying to hold the price at $1725. Things are pretty easy and simple to understand here. Point 1: If the 21 MA manages to hold the price, ETH will still need to break through the $1780 resistance. Point 2: Breaking down below the 21 MA will drop the price back to the lower support level which is at the $1560 area. Conclusion: I am not going long on ETH right now rather shorting (scalping) will be a good option. This is my personal opinion and not financial advice. Make sure you invest after doing your own research. I hope this idea is helpful for you. Thank you for supporting me. God bless and trade safely.
BITSTAMP:ETHUSDShort
by Dexter_The_Trader
6
ETH getting readyHello everyone, I mainly updated you on BTC lately. So here is a quick update on ETH the prince. With the merge coming eth has now painted a very well-known pattern. We can see we have now almost fully formed a Cup and Handle pattern. Although this pattern is more often than not a continuation pattern it can also be found at the tops and bottoms. We can see the volume has dried throughout the formation and we now have formed the handle. 52 ma is confirming the pattern sustaining this last push with price breaking above. The target would be 4k+. I will wait for the breakout before entering and will use strict stop losses rules. We are close to a possible bottom for Crypto...get ready either way. FOLLOW ME, SHARE. LIKE AND COMMENT.
Long
by CFcryptoTA
ETH Daily TA Cautiously BullishETHUSD Daily cautiously bullish. Recommended ratio: 70% ETH, 30% Cash. * CPI WATCH . The Merge is currently scheduled to launch on Ethereum's Mainnet on 09/14/22 at ~9:40pm . Cryptos, Equities, Futures, VIX, Commodities, US Treasuries and the Euro are all slightly up while DXY is down today. All eyes are on the BLS August CPI report due tomorrow at 830am; July CPI came in lower than expectations and markets rallied, it's reasonable to infer that the same may happen if CPI comes in on par or lower than the 8.1% consensus. The 11th GDPNow Q3 US GDP estimate was 1.3% on 09/09/22 compared to 1.4% on 09/07/22, the next estimate is on 09/15/22. Microstrategy recently (09/09) filed a report disclosing a plan to sell $500m in Class A shares to reinvest it into the purchase of more Bitcoin. Key Upcoming Dates: August CPI at 830am EST 09/13 ; The Merge (Ethereum) at ~10pm EST 09/14; US August Retail Sales at 830am EST 09/15; 12th GDPNow US Q3 US GDP estimate 09/15; UofM Consumer Sentiment Index at 10am EST 09/16; FOMC meeting 09/20-09/21 (Statement Released at 2pm EST on 09/21).* Price is currently testing $1711 minor support for the third consecutive session. Volume is currently Moderate (high) but has decreased in the past few sessions and is on track to favor sellers for a second consecutive session if it closes today in the red. Parabolic SAR flips bearish at $1528, this margin is neutral at the moment. RSI is currently trending down at 56 as it approaches a test of 55.31 support. Stochastic crossed over bearish in today's session and is currently trending down at 90 as it approaches a test of 81 support. MACD remains bullish and is currently forming a soft peak as it trends up slightly at 22 and approaches a test of 27.77 resistance. ADX is currently trending up slightly at 16 as Price continues to push higher, this is mildly bullish. If Price is able to bounce off of $1711 minor support then the next likely target is a retest of $1941 resistance . However, if Price breaks down below $1711 minor support, it will likely retest the 50 MA at ~$1675 as support before potentially retesting the uptrend line from 06/18/22 at ~$1650 as support . Mental Stop Loss: (two consecutive closes below) $1625.
COINBASE:ETHUSD
by dailytaguy
Scenario of changing the Ethereum trend !🧐After hitting the daily resistance, and also ending the trend in the daily time period, we see the price hitting the floor of the channel of the 1-hour time frame, more than 2 times. After breaking the lower support line of the channel, a drop with price targets up to $1,500 can be expected. In the 4-hour time frame, the bottom of the major ascending channel is in the price range of $1,550, which is the main and final target of the fall in the next 24 hours. Then, after breaking the support of the 4-hour channel, it hits at least $1,500. The completion of this scenario causes a downward trend and the formation of a continuation of the long-term downward trend in the daily charts. To enter a sell trade, the best area is below the lowest price in the 1-hour and 2-hour candles in the past 6 hours, around $1707 And keep in mind that Bitcoin price uses the same scenario to drop the price, which causes the coins to drop more. --------------------------------------------------------------- Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
Short
by Arash-RK
3
ETH Daily TA Cautiously BullishETH Daily cautiously bullish. Recommended ratio: 65% ETH, 35% Cash. * The Merge is set to launch on Ethereum's Mainnet at around 6pm on 09/14/22 . With the ECB raising central bank rates by 75bps and committing to more rate hikes in the near term, FFR futures traders are still betting on a 75bps rate hike by the Fed on 09/21. St. Louis Fed President James Bullard said today that he's leaning more strongly into a 75bps rate hike at the next FOMC meeting and that money markets are underestimating prolonged higher rates in 2023. Fed Governor Christopher Waller mentioned today that fears of a recession in Q1 and Q2 have faded and that the economy can support more significant rate hikes . Key Upcoming Dates: August CPI at 830am EST 09/13; The Merge (Ethereum) at ~6pm EST 09/14; FOMC meeting 09/20-09/21 (Statement Released at 2pm EST on 09/21).* Price is currently trending up at $1737 and is still technically testing $1711 minor resistance. Volume is on track to both be High and favor buyers for a fourth consecutive session if it can close today's session a bit higher and in the green. Parabolic SAR flips bearish at $1476, this margin is mildly bearish at the moment. RSI is currently trending up slightly at 58 and is still technically testing the descending trendline from February 2020 and 55.31 resistance. Stochastic remains bullish and is currently testing max top. MACD remains bullish and is currently trending up at 6 as it approaches 27.77 resistance. ADX is currently trending sideways at 14 as Price is pushing higher, this is neutral at the moment. If Price is able to turn $1711 minor resistance to support, the next likely target is a retest of $1941 resistance . However, if Price breaks back down below $1711 minor resistance, it will likely retest the 50 MA at ~$1667 as support . Mental Stop Loss: (one close below) $1660.
COINBASE:ETHUSD
by dailytaguy
ETH Daily TA Neutral BullishETHUSD Daily neutral with a bullish bias. Recommended ratio: 55% ETH, 45% Cash. * The Merge is scheduled for launch on Ethereum's Mainnet at ~1pm EST 09/14/22 . The Sixth Beige Book (of 2022) confirmed what has already been the theme for Fed speakers this quarter ; that we are likely to see slower economic growth in the near to medium term, the labor market is getting tighter, and that even though inflation is showing signs of moderating, it still has a long way to go before we are to see any rate cuts. The 10th GDPNow Q3 US GDP came in today at 1.4% , down from 2.6% on 09/01/22. Key Upcoming Dates: August CPI at 830am EST 09/13; The Merge (Ethereum) at 8am EST 09/14; FOMC meeting 09/20-09/21 (Statement Released at 2pm EST on 09/21).* Price is currently attempting to form a Morning Doji Star Pattern as it defends $1500 in preparation for The Merge next week; if tomorrow's session PA results in a Bullish Engulfing Candle this would be bullish. I have also revised the uptrend line from 06/18/22 and it now reflects support at ~$1550. Volume is Moderate and is on track to favor buyers if it closes today's session in the green; this would also make three of the past four sessions buyer dominant. Parabolic SAR flips bearish at $1427 support, this margin is mildly bearish at the moment. Stochastic remains bullish and is currently trending sideways at 81 resistance. MACD remains barely bullish for the second consecutive sesision and is currently trending sideways at -26. ADX is currently trending down at 14 as Price is attempting to defend $1500, this is neutral at the moment. If Price is able to close today's session above ~$1520 and then follow that with a Bullish Engulfing Candle in tomorrow's session, this would be indicative of a bullish continuation that would likely have it retest the 50 MA at ~$1655 as resistance leading up to The Merge. However, if Price breaks down out of the uptrend line from 06/18/22 (~$1550) then it will likely retest $1427 support . Mental Stop Loss: (two consecutive closes below) $1500.
COINBASE:ETHUSD
by dailytaguy
2
#Ethereum Adds 6%, ETH Bulls Target $1.7kPast Performance of Ethereum Ethereum is relatively firm when writing, adding six percent in the last 24 hours and successfully soaking in selling pressure and outperforming BTC. Currently, the coin is printing higher high relative to the lower BB and is solid above $1.5k. Still, buyers are yet to breach $1.7k and commandingly reverse losses of August 26. Despite gains, ETH sellers remain in charge from a top down analysis. #Ethereum Technical Analysis There are fundamental drivers behind Ethereum's resilience. As per the formation in the daily chart, ETH prices have been edging higher, gradually reversing losses posted in late August. Because of fundamental accelerators, ETH might gain in the next ten days. Still, traders must wait until there is a high volume break above $1.7k with rising trading volumes before loading the dips, targeting $2k. The turnaround for ETH may revive demand across the crypto market. Conversely, sharp, unexpected dips below $1.4k will invalidate the uptrend, paving the way for sellers to redouble their effort, targeting $1.1k, the 78.6 percent Fibonacci retracement level of the June to August 2022 trade range. What to Expect from #ETH? Traders are upbeat. Nonetheless, their confidence will only show if there are sharp gains above $1.7k, setting the base for a rejuvenating reversal of August 26 and 19 losses. Resistance level to watch out for: $1.7k Support level to watch out for: $1.4k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
1
Ethereum is trying to change the trend!There are some strong resistances on the way to changing the trend from down to up trend, But at the same time, volume of buying Ethereum is also increasing, which has a strong possibility to change the trend from downward to upward or forming a neutral market for the next 24 hours. ------------------------------------- Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
by Arash-RK
ETH Daily TA Neutral BullishETHUSD Daily TA neutral with a bullish bias. Recommended ratio: 55% ETH, 45% Cash. *Cryptos remained relatively flat but to the upside this weekend as US Equity Futures are currently up heading into the market open this week. Gold is down and DXY is up. Economic data is showing a slowdown in inflation and demand leading up to the August CPI print on 09/13 but the commitment by the Fed to getting FFR up to at least 4% by early 2023 presents an interesting dilemma going forward. This is because a stronger DXY and US Treasuries naturally puts a cap on potential near-term/medium-term alpha in Equities by attracting liquidity from investors whom are hedging against a global recession. Yes, USD is still king and it's being proven with DXY hitting highs last seen in 2000; Russian Ruble is also thriving but this is largely due to effects of sanctions. The Merge is set for launch on Ethereum's Mainnet on 09/14 . Key Upcoming Dates: 10th GDPNow US Q3 GDP Estimate at 830am EST 09/07; 6th Beige Book at 2pm EST 09/07; August CPI at 830am EST 09/13; The Merge (Ethereum) at 8am EST 09/14; FOMC meeting 09/20-09/21 (Statement Released at 2pm EST on 09/21).* Price is currently trending sideways at ~$1575 for a fourth consecutive session as it attempts to retest the 50 MA at ~$1660 as resistance. Volume remains Low and fairly balanced between buyer and seller dominance over the last few sessions, it has also been shrinking for seven consecutive sessions which is indicative of an impending breakout or breakdown. Parabolic SAR flips bullish at $1621, this is bullish. RSI continues to trend sideways at ~47 for four consecutive sessions now, the next resistance is at 55.31 and support at 37. Stochastic remains bullish and is currently trending up at 75 as it defies a bearish crossover right below 81 resistance, if it can break above 81 then it will likely be bullish until max top. MACD remains bearish but is currently on the verge of crossing over bullish at -28 support. ADX is currently trending down at 16 as Price continues to consolidate in attempt to move higher, this is mildly bearish at the moment. If Price is able to continue higher then it will likely retest the 50 MA at ~$1660 as resistance before potentially retesting $1711 minor resistance . However, if Price breaks down here, it will likely retest $1500 as support before potentially retesting $1427 support . Mental Stop Loss: (one close below) $1534.
COINBASE:ETHUSD
by dailytaguy
Learn Trading Setup in Ethereum chart!Hey all traders, One of the good positions and setup for trading (in futures) is to enter after the channel lines (support and resistance lines ) have broken. Here is an example of an Ethereum mini-channel on a 4-H timeframe. A small uptrend channel in a very large downtrend channel, which we call a mini channel ( or Just I'm Call it ! ) anyway :-D As long as the main channel (big downtrend channel) doesn't change its direction or the price chart does not cross the support and resistance lines of this channel (breaking the trend lines), this trade and this setup are valid and active. Below is a brief explanation of the entry and exit prices... From up to Down The Stop Loss is higher than the last week's highest price | $1728.00 Entry price is slightly below the minimum price of the chart, after breaking the trend line in the uptrend mini-channel | $1335.00 The last Target is $1150, which is equal to the Fibonacci 2 ratio in the daily time frame. Good Luck --------------------------------------------------------- Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
Short
by Arash-RK
2
Ethereum: Go for it! 💪Ethereum is still acting coyly regarding the lower blue zone between $1456 and 1013. So far, the cryptocurrency has only dipped into it shallowly and drawn back, as if its surface was too cold to the touch. We expect Ethereum to overcome its reluctance, though, and to dive into the lower blue zone properly to finish wave (ii) in blue. Afterwards, it should move upwards, crossing the resistance at $2029 and heading for the upper blue zone between $2982 and $3420. However, there is a 42% chance that Ethereum could rush through the lower blue zone and drop below the support at $883, thus triggering further descent.
BINANCE:ETHUSD
by MarketIntel
ETH Daily TA Neutral BearishETHUSD Daily neutral with a bearish bias. Recommended ratio: 48% ETH, 52% Cash. *JOBS REPORT WATCH. DXY and US Treasuries are dominating headlines again and pulling liquidity from markets as DXY hit $110 in today's session for the first time since September 2002. The 9th GDPNow US Q3 GDP estimate came in at 2.6% today compared to 1.6% on 08/26/22 ; this adds to the basket of recent bullish economic data leading up to tomorrow's Employment Situation. Cryptos are currently attempting to lead a corrective bounce in Risk-On markets after a Jackson Hole inspired sell off. Equities, Futures and Commodities are all down while DXY, US Treasuries, VIX and Cryptos are up. Something to keep an eye on regarding Cryptos next week is the due date for responses to the Biden Admin's Executive order on cryptocurrencies from market regulators and the US Treasury, Commerce and Justice Departments. Though mainly focused on the viability of a CBDC and its implementation, it will also help clarify which regulatory agencies are responsible for what in the cryptocurrency industry. Interestingly it will also discuss Proof of Work mining and its burden on ESG policies just days before Ethereum is set to transition to Proof of Stake. The Merge is still scheduled for launch on Ethereum's Mainnet 09/15/22 . Bitcoin Maximalist Michael Saylor is being sued by the Washington D.C. Attorney General for alleged tax evasion . Key Upcoming Dates: August Employment Situation 830am EST 09/02 ; 6th Beige Book at 2pm EST 09/07; August CPI at 830am EST 09/13.* Price is currently trending up at ~$1566 and deciding between an Ascending Triangle breakout or a Bear Flag breakdown, the next resistance is the 50 MA (~$1640) which it has tested in the previous two sessions. Volume is Moderate and on track to favor buyers for a second consecutive session if it can close today's session in the green. Parabolic SAR flips bullish at $1683, this margin is mildly bullish at the moment. RSI is currently trending up slightly at 45 after successfully defending the descending trendline from 07/17/22 as support at 37 support. Stochastic remains bullish and is currently testing 47 resistance with no signs of peak formation. MACD remains bearish and continues forming a trough at -46 minor support, if it can break above -22 it would be a bullish crossover. ADX is currently trending down slightly at 22 as Price is trending up, this is mildly bearish. If Price is able to continue higher then it will likely retest the 50 MA at ~$1640 as resistance for a third consecutive session. However, if Price breaks down here, it will confirm a Bear Flag formation which would likely have Price retest $1427 support . Mental Stop Loss: (two consecutive closes above) $1711.
COINBASE:ETHUSD
by dailytaguy
ETHEREUM SHORT / ETH SHORTI am in love with the Cryptocurrencies, Blockchain, De-Fi and Web 3.0 and I will continue to search about this revolution. The Ethereum is one of the best in blockchain and I really like the purpose and vision of the founder and community. I love this kind of projects: Ethereum, Cardano... Although I do not see the security of the code as very effective, I like this proyect on the long-term. I think it's unfortunate that the world looks rigid to prices, to some numbers. Many of us here are investors and we are looking for returns. When things get ugly, even if we don't want it to, they get ugly and no one can change it. I have given details about this crash on other ideas, specially a cryptocurrency edition: "THE BITCOIN CRASH" (where I explain the crash of cryptocurrencies and bitcoin), I recommend you to take a lot at it for a further investigation. On Ethereum , we can see the highest peak: 4872.56 on 10 Nov, 2021 . And on the 18 Jun, 2022 the price was 993.94 : representing a fall of -78.65% If we take a look at the S&P 500 , we can see the highest peak: 4818.04 on 04 Jan, 2022 . And on the 22 Jun, 2022 the price was 3666.32 : representing a fall of 23.71% Where is the problem here? well if we take a look of all the crisis we have had, the drop was always between -45% and -60%. As far as we can "estimate", another fall is coming. Apart from the percentage of fall, the crisis in which we are still not over... then the market unfortunately need another drop... If we look at the S&P 500 it needs another fall of -23.71% since 993.94 (but we can see a more abrupt and longer fall). If we look at Ethereum it needs another fall of -78.65% since 3666.32 (but we can see a more abrupt and longer fall). Leaving us the price of Ether (ETH) at 221 I know that Ethereum will soon release its Ethereum 2.0 update and if all goes well the programs and applications on Ethereum will be more agile, and it can serve as a small support to the price of Ether. But inflation is inflation, falls are falls, crisis are crisis... Unfortunately this will be a long recovery since all the bubbles in the world have come together and created a huge one (check my linked ideas to know more). I wish long life and development of cryptocurrencies. Remember that not everything is the price, human development and progress is worth more than that. THIS IS NOT FINANCIAL ADVICE. YOU AND YOU ONLY ARE RESPONSIBLE FOR THE DECISIONS YOU MAKE. Any idea or point of view that you want to contribute in the comments, you are welcome, thanks for reading a like would be appreciated <3 Thanks you very much, Have a nice day!
Short
by TheWaterBottle