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Ethereumanalysis

ETHEREUM: IN A SITUATION WHERE NO ONE WANTS TO BE.Hello folks, the FED news did create a negative impact on the market. Here's a quick update on ETH in a higher timeframe. Timeframe: 3 Days. Update: Back on June 18, when ETH dropped to $881, it looked pretty messed up but then it created a support level and managed to bounce back 132% ($881 to $2030) in 57 days. Sadly, it couldn't reach the upper trendline line at $2500, and also there was a resistance level between $1700 to $2000. The current price is struggling to hold the 21 MA support level. If ETH goes beyond this level then it is possible that we will see ETH close to $1k once again. If at all ETH manages to hold the 21 MA then we can expect a bounce. Also, let's not forget that in shorter TF, ETH is under an H&S pattern which is a bearish pattern. Can we consider ETH close to or below $1k to be a good buying range? It depends on the fundamentals and how the market reacts. I would like to jump in and fill my bags with some ETH. What is your idea about ETH? Let me know in the comments. Thank you for reaching my updates. I hope this update was helpful. I'll see you again until then trade safely.
by Dexter_The_Trader
2
Ethereum: Bottom Price with TimelineHello friends, today you can review the technical analysis on the 1M (monthly) linear scale chart for Ethereum ( ETHUSD ). I placed vertical lines for the month of April from 2017-2025 to show up to now and in the future when price may start making major moves. The current structure looks very similar to 2018 and my prediction shows the same type of movement for Ethereum. The concerning factor is the price has a significant downturn to go based on this chart scenario. Other concerns include low volume, bearish MACD, and RSI is right at the support line. The long-term looks positive for Ethereum as I see upside over $8K but price may need to get to around $200 before it goes higher. Hold on tight! What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BITFINEX:ETHUSD
by MillionaireEconomics
22
ETH Daily TA Neutral BearishETHUSD Daily neutral with a bearish bias. Recommended ratio: 40% ETH, 60% Cash. * S&P US August Manufacturing PMI fell to 51.3 (from 52.2 in July) , its lowest level since July 2020. Cryptos are seeing a continued rally from Sunday to start the week while Equities were mixed but stayed relatively flat. DXY took a dip while Treasuries are up, and both the VIX and Gold are up in anticipation for Q2 GDP and Jackson Hole later this week. The Merge is still on schedule for a 09/15/22 launch on Ethereum's Mainnet . Key Upcoming Dates: 7th GDPNow US Q3 Estimate at 830am EST 08/24 ; US Q2 Final GDP Estimate at 830am EST 08/25; US July PCE at 830am EST 08/26; UofM Final August Sentiment Survey Index at 10am EST 08/26; Jackson Hole Economic Symposium on 08/25-08/27 (Fed Chair Jerome Powell scheduled to speak on 08/26).* Price is currently trending up at $1650 and briefly touched $1711 minor resistance as it continues to defend the 50 MA + the uptrend line from 06/18/22 as support at ~$1550. Volume is High and on track to favor buyers in three consecutive sessions while defending the 50 MA, this is bullish and hints that The Merge rally isn't over. Parabolic SAR flips bullish at $1969, this margin is mildly bullish. RSI is currently trending up at 47 after bouncing at 42, the next resistance is the descending trendline from February 2020 at 54 (which would likely coincide with 55.31 resistance). Stochastic remains bullish for a second consecutive session and is currently trending up at 14; the next resistance is at 18. MACD remains bearish and is currently trending down with no sign of trough formation; it is still technically testing 28 support. ADX is currently trending down at 26 with no sign of trough formation as Price is attempting to push higher, this is mildly bearish at the moment. If Price is able to break above $1711 minor resistance , the next likely target is a retest of $1941 resistance . However, if Price is rejected at $1711 minor resistance, it will likely retest the 50 MA + the uptrend line from 06/18/22 at ~$1550 as support before potentially retesting $1427 support . Mental Stop Loss: (two consecutive closes above) $1711.
COINBASE:ETHUSD
by dailytaguy
ETHUSDT 1D The latest growth Ethereum priceMore than a month ago, we published the ETHUSDT trade with +84% return (our take profit $2024, maximum $2029) We warned that in this liquid zone it is better to cover longs, because a correction may begin. Given that the transition from PoW to PoS is planned to be completed between September 16-19, we take these dates as a basis. We suggest that another wave of ETHUSD price growth is more than real. The first target for growth is $2500 , although the next liquidity zone is wide $2500-3100. Critical point - $1300 above this level, the growth scenario is relevant, below - not In mid-September, you should either keep a short stop on a long position, or partially/completely cover it, because it is difficult to guess how the market will react to the shutdown of ETH mining. This news can both create a deficit super Ethereum price growth, and the price can collapse due to the lack of speculative price component _______________________________ 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
20
ETH Daily TA Neutral BullishETHUSD Daily neutral with a bullish bias. Recommended ratio: 55% ETH, 45% Cash. *Cryptos and Equities both saw minor corrections at critical resistance levels after China's weak economic data, the Fed minutes and this week's barrage of recession-fear inducing US economic data (declining housing market, tightening credit market, shrinking GDP estimates, flattening retail sales), but both are now trending up in today's session. In what is now seemingly 2022 fashion, Precious Metals (aside from Copper and Palladium), VIX, Treasuries, Agriculture (aside from Oil and Soy) are all down while DXY, Cryptos and Equities are up. Yesterday's 6th GDPNow Q3 estimate came in at 1.6% compared to the one the day before (08/16) at 1.8%. The Merge is still estimated to launch on Ethereum' Mainnet 09/15/22 . It has also been disclosed that Coinbase has a 15% share of the current supply of ETH and stands to benefit from The Merge, however CEO Brian Armstrong also mentioned that they could shut down ETH staking if they came under regulatory threat from the SEC or US Treasury Department. Key Upcoming Dates: S&P US August PMI at 945am EST 08/23; US Q2 Final GDP Estimate at 830am EST 08/25; US July PCE at 830am EST 08/26; UofM Final August Sentiment Survey Index at 10am EST 08/26; Jackson Hole Economic Symposium on 08/25-08/27.* Price is currently finding a bit of support at $1850 after it was rejected by $1941 resistance again in yesterday's session. Volume remains Moderate (high) and is on track to break a four day streak of seller dominance if it can close today's session in the green. Parabolic SAR flips bearish at $1819, this margin is mildly bearish in the very-short-term. RSI is currently trending up at 60 after bouncing off the uptrend line from 06/18/22 at ~58, the next resistance is at 77. Stochastic is currently testing 18 support and is currently beginning to form a soft trough. MACD is in its first day being bearish and is currently trending down at 103; because this is a lagging indicator there is a chance that the bearish crossover is relatively short-lived so it's important not to overreact. ADX is currently trending sideways at 34 as Price is attempting to find support to push higher, this is neutral at the moment. If Price is able to bounce here then it will likely retest $1941 resistance before potentially breaking out higher to test a trio of resistances (the 200 MA + the 50/50 uptrend line from February 2017 + the upper trendline of the descending channel from November 2021) at ~$2200 as resistance . However, if Price continues to break down here, it will likely retest $1711 minor support . Mental Stop Loss: (two consecutive closes below) $1800.
COINBASE:ETHUSD
by dailytaguy
ETH Daily TA Cautiously BullishETHUSD Daily cautiously bullish. Recommended ratio: 65% ETH, 35% Cash . * SUNDAY/MONDAY SCARIES WATCH . Cryptos are enjoying a weekend rally as more Risk-On investors shake off inflation and rate hike concerns while continuing to jump back into markets. However, several major cryptos are currently testing critical resistances so we may see some volatility at these levels over the next couple of sessions. The merge is estimated to be launched on Ethereum's Mainnet ~09/15/22 . As always during weekend rallies, be wary of a potential Sunday/Monday sell off heading into a relatively tame week. Key dates next week: US Housing Starts and Building Permits at 830am EST 08/16; 5th GDPNow US Q3 GDP estimate at 915am EST 08/16; US Retail Sales at 830am EST 08/17.* Price is currently testing $2k psychological support and is still technically testing $1941 resistance; if it can close above $1941 in today and tomorrow's session it will confirm a flip to support. Volume is Moderate and currently on track to favor buyers for four consecutive sessions (seven of the past ten sessions have been buyer dominant). Parabolic SAR flips bearish at $1574, this margin is mildly bearish (20%+). RSI has reclaimed the uptrend line from 06/18 as support at ~67 and is currently testing the 50/50 uptrend line from November 2018 at ~72 as resistance; the next resistance is at 77. Stochastic remains bullish and is currently testing max top. MACD remains bullish and is currently trending up at 124 with no signs of peak formation as it approaches a retest of the descending trendline from November 2021 at ~137. ADX is currently trending up at 32 as Price continues to trend up, this is bullish. If Price is able to close above $1941 in both today and tomorrow's session, then the next likely target is a retest of the 50/50 uptrend line from February 2017 which should coincide with the 200 MA at ~$2200 . However, if Price breaks down below $1941, it will likely retest $1700-$1800 . Mental Stop Loss: (two consecutive closes below) $1941.
COINBASE:ETHUSD
by dailytaguy
ETH Daily TA Cautiously BullishETHUSD Daily cautiously bullish. Recommended ratio: 75% ETH, 25% Cash . * All US CPI numbers beat estimates this morning and Overall CPI stayed flat at 8.5%, causing Cryptos, Equities, Commodities and the 30yr Treasury Bond to go up. Meanwhile the VIX, DXY and all other Treasuries are falling. Markets are continuing to push the narrative of 'Peak Inflation' and 'Incoming Fed Pivot' as we near US midterm elections, this is driving investors to become more Risk-On. Overall CPI staying flat can be largely attributed to the White House finally deciding to tap in to the Strategic Oil Reserve (in addition to OPEC+ increasing output) last month, bringing gas prices down 19% from their ATH in July. Core CPI (which excludes energy and food) was still up 0.3% (compared to 0.5% estimated). The fourth GDPNow US Q3 GDP estimate released this morning is +2.5%, up from the previous estimate (08/04/22) of +1.4%; this likely added bullishness to today's session. Coinbase missed on earnings and revenue in Q2 and posted a $1b loss due to the ongoing 'Crypto Winter'. Chicago Fed President Charles Evans said that he supports a 4% FFR in 2023 and EOY FFR of 3.25%-3.5% for 2022, and that today's CPI reading was encouraging but that the next Employment Situation and PCE numbers will help determine whether or not inflation is really slowing. The Merge is currently scheduled for launch on Ethereum's Mainnet on 09/13/22 . Key dates this week: Disney Q3 earnings today at 430pm EST; PPI at 830am EST 08/11.* Price is currently breaking out above $1711 minor resistance and will look to retest $1941 resistance in the coming sessions if it can flip $1711 minor resistance to support. Volume is Moderate (high) and favoring buyers which indicates that this breakout has some momentum. Parabolic SAR flips bearish at $1477, this margin is mildly bearish. RSI is currently testing the uptrend line from 06/18/22 as resistance at ~66, if it can reclaim support here this would be bullish. Stochastic is currently crossing over bullish at 61 after bouncing abruptly at 53, the next resistance is at 81. MACD is currently crossing over bullish at 96 after trading sideways for 6 consecutive sessions, if it holds then the next resistance is the upper trendline of the descending channel from August 2021 at ~137 (just below 155 resistance). ADX is currently trending up slightly at 29 as Price is pushing higher, this is bullish. If Price is able to establish support at $1711 minor resistance then the next likely target is a retest of $1941 resistance . However, if Price breaks back below $1711 minor resistance , it will likely retest ~$1600 before potentially retesting $1427 support . Mental Stop Loss: (one close below) $1692 .
COINBASE:ETHUSD
by dailytaguy
Ethereum ETH: 1D Chart UpdateHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Ethereum (ETHUSD). Ethereum price has been rising since the July lows. The chart shows a variety of signals with potential for upward movement around the resistance areas at the top of the Keltner Channel (KC) near the 0.382 Fibonacci level. A major concern is Volume dropping off. Also Included: Fibonacci Retracement, RSI, MACD, Stochastic RSI, Ichimoku Cloud, and VPVR. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
BITSTAMP:ETHUSD
by MillionaireEconomics
2
ETH cup and handle #ETH/USDT $ETH shaped cup and handle pattern in short term and broke out from resistance. 🐮 so price can have another leg up to touch 2 fib level of cup, which is the same with 0.382 fib level of daily swing down. 🐮🐮 breaking out from this resistance will increase price toward resistance zone between 0.5 and 0.618 fib levels that is the samw with descending trend line. 🐻 rejection from $1900 and break down ascending support will lead price toward support zone around $1600.
Long
by parissap
2
Ethereum- correction could be nextLast week, my 1700 zone target for Eth was hit and for more than 4 days now, the crypto is in consolidation in a 100usd range. Considering the 70% rise in this very short 2 weeks, this consolidation could be very well profit taking. Although a very important bottom can be now in place, a drop at this moment looks very probable. Levels to keep an eye on for this correction are the 1500-1550 zone and the very important 1250-1300 zone support, which also can be a good place to buy in expectation of a new rise.
BITSTAMP:ETHUSDShort
by Mihai_Iacob
11