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Ethereumanalysis

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
Ethereum Breaking Out, ETH Price on the Path to $1.7kPast Performance of Ethereum Ethereum prices are up roughly 75 percent from 2022 lows, and bulls have the edge when writing. From the daily chart, ETH surged 12 percent in the last trading week, adding three percent in the past 24 hours. Technically, the coin is within a bullish breakout formation, expanding with rising trading levels, an indicator of trader confidence and possibly, a shift in trend after sharp double-digit losses from 2021 peaks. #Ethereum Technical Analysis Currently, ETH buyers are in control. From the candlestick arrangement in the daily chart, buyers have the upper hand from an effort versus result perspective. As such, aggressive traders may find opportunities to load on every attempt lower towards the $1.41k and, if pronounced, the $1.25k mark. ETH bulls are also riding the upper BB signaling strong upside momentum. This combination means the odds of ETH gaining ground and recouping losses are high as traders target $1.7k in the short term. What to Expect from #ETH? Ethereum prices are posting higher highs, an indicator of strength. In a bullish breakout formation, traders may find opportunities to ramp up on every attempt lower in the daily chart. As long as bulls soak in bear pressure and sustain prices above the $1.4k mark, there would be more upside for the coin. 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
#Ethereum Free-Falling, ETH Bulls Strongly Rejected from $1.25kPast Performance of Ethereum Ethereum bears are unyielding and have reversed gains of early July, pushing back prices to last week's lows. Currently, ETH prices are near the $1k psychological round number as a series of lower lows with decent participation levels register. Even though bulls stand a slim chance, buyers must reject any attempt lower and ideally bounce from around last week's lows. ETH is down three percent versus the USDT on the previous trading day. #Ethereum Technical Analysis Sellers are firmly in control, dashing ETH bulls' hope when writing. Notably, prices are trickling lower with rising trading volumes suggesting that the uptrend's momentum is fizzling. The spike in trading volumes behind this week's reversal could hint at low upside pressure and exhausted buyers. Therefore, in light of this development, traders should closely watch the reaction between the $980 and $1k support zone. A close below this mark—and last week's lows—may force ETH back to 2022 lows at $880 in a bear breakout formation, confirming sellers of the first half of June. In such a case, traders may load on every attempt higher towards $1k, targeting $880. What to Expect from #ETH? Ethereum bulls may be confident from a fundamental perspective, but their views don't spill to the daily chart. Prices are pinned lower, and sellers are in command at spot rates. Thus far, how prices at $1k would likely shape the short to medium-term price trajectory. Resistance level to watch out for: $1.25 Support level to watch out for: $1k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
ETHEREUM: BULLISH EXPANDING CHANNEL FORMATION.Hello, dear members. welcome to this Ethereum update. Timeframe: 18 hours. Update: ETH lately, showed some greens which were good for the market. The current scenario of ETH is under a bullish expanding triangle which technically is bullish. It is testing the resistance at $1240. This is quite a decisive moment for ETH. If it successfully breaks and closes above the resistance level then we can expect some good rally. But if it gets rejected from the resistance then the trend will get reversed and we may see some drops. Fundamentals: ETH is having a conference meeting on the 19th of July 2022. The Ethereum Community Conference (EthCC) is the largest annual European Ethereum event focused on technology and community. What is your opinion about ETH? Do you think it will rally higher or will it drop badly? Let me know in the comments. Do show your support with your likes and if you don't wanna miss any updates then follow my channel. Thank you.
COINBASE:ETHUSDLong
by Dexter_The_Trader
2
#Ethereum Gains 14%, ETH May Rally to $1.7kPast Performance of Ethereum Ethereum is printing higher highs relative to the lower BB. At spot rates, prices are steady in the last trading day and up double digits week-to-date. Technically, ETH prices could rise in subsequent trading sessions, especially if there is a solid close above the middle BB and $1.25k liquidation level. #Ethereum Technical Analysis From the daily chart, buyers are in control, edging higher in a possible retest. As ETH bottoms up, there must be a solid close above $1.25k and the middle BB with rising trading volumes. Based on the formation in the daily chart, aggressive traders may find loading opportunities on every dip above $1.1k. Any close below $1.1k may pour cold water on the upsides, slowing down buyers. Conversely, any close above $1.25k with an uptick in trading volumes may pump ETH towards $1.7k in the medium term. What to Expect from #ETH? Although prices are inching higher, ETH is technically in a bear breakout formation, provided prices are below $1.25k and the middle BB. A correction below last week's key reaction points will slow down bullish advances. Resistance level to watch out for: $1.25k Support level to watch out for: $1.1k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
$7000 or $15000 per ETH this year! What does it take?We continue to do reviews of the trading pairs you voted for in our BTCUSD price forecast As it turned out, we haven't made an idea about ETHUSDT for more than half a year, but why? Because the previous idea ETHUSD working out exactly, until recently, having passed 3/4 of the planned way up, see for yourself: Today's Ethereum price forecast turned out to be very optimistic, with a spoonful of tar at the end. Since this is a global view of the ETHUSDT price chart, today we will highlight the main and critical levels to start a strong up or down trend. In order to start a strong up trend, ETH buyers need to firmly anchor the price above $3200 in the coming days or weeks. At the same time, it is desirable not to release the price below $2550. If these conditions are met, it may open the way for the so far exorbitant targets of $6900 and $14800 for ETH. Optimism and belief in the bright future will completely disappear from ETHUSD market participants if the ETH price goes under $1750, which is the last critical level for buyers. And below that there is nothing and the possibility of ETH price going down to $600-800 Maybe, our chart is not easy to read, but if you look carefully, you will find some tips that can help you in a critical moment. And we are always open to reasoned discussion, so Go to comments!) _______________________________ 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
51