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Ethereumanalysis

ETHEREUM IN DANGER???Hello members, welcome to this ETH update in 3 days timeframe. This certainly doesn't look good. ETH made an H&S pattern and then doom. A -32% drop so far has liquidated many traders' hard-earned $$$$. We can see certain support levels at $1790, $1445, and $1050. Most likely ETH can bounce back from any of these support levels but will it be too late for the market to recover all these losses? Things are quite skeptical here and we must stay extra cautious if you are holding any coins. As the ETH is dumping badly, the RSI is dumping too and it has reached the oversold area. The only direction the RSI goes from here is in the upward direction. So, if not support 1 then support 2 could be the bounce-back level for ETH. Let's see what comes next. Thank you.
COINBASE:ETHUSD
by Dexter_The_Trader
#Ethereum slides to Q1 2022 lows, Finds Resistance at $2.5kPast Performance of Ethereum Ethereum is deep in red like most crypto assets. When writing, ETH is up four percent in the past trading day but is down 16 percent week-to-date versus the USDT. There are encouraging recoveries at spot rates. However, this is not enough to dissuade holders who were pummeled on May 9 following the sharp dump that saw ETH plunge to as low as $2.1k. #Ethereum Technical Analysis ETH prices bounced off from Q1 2022 lows, coinciding with the 78.6 percent Fibonacci retracement level of the H2 2021 trade range. While the rejection of lower prices on May 10 could be a net positive, sellers are still in control in the immediate term. Therefore, since ETHUSDT is in a bear breakout formation and $2.5k is a strong resistance level, sellers can liquidate on any attempt to retest this line. Cautious, risk-averse traders can wait for confirmation below $2.2k—this week's lows—before unloading, targeting $1.8k in the medium term. On the flip side, any surge above $2.5k invalidates the bear run, confirming May 9 bear bar as climactic. What to Expect from #ETH? Sellers are in a commanding position. However, Ethereum's ecosystem is activity and dApp dense. ETH may recover, bouncing off from $2.2k once bulls satisfactorily rewind losses of May 9. Resistance level to watch out for: $2.5k Support level to watch out for: $2.2k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Ethereum: Greens 🥬Ethereum has resolved to eat more healthy food. Thus, it has added a lot of greens to its diet, as is visible in our chart. First, it should take a bite of the middle green zone between $2169 and $1542 to finish wave 3 in green. Then, it should climb upwards to complete the countermovement in wave 4 in green. Afterwards, Ethereum should resume the descent below the support at $1711 and into the lower green zone between $1590 and $1349, where wave 5 in green should end. However, there is a 35% chance that Ethereum could decide to take a mouthful of the upper green zone between $3249 and $3481 before moving downwards again.
BITFINEX:ETHUSD
by MarketIntel
Ethereum in Range, ETH Bulls Stand a Chance above $2.7kPast Performance of #Ethereum Ethereum is comparatively resilient against bears, soaking the selling pressure as per the developments in the daily chart. ETH prices are steadying above primary support, flashing with last week's lows at about $2.7k. Even so, sellers are in control from a top-down approach. ETHUSDT remains within a bear breakout formation, struggling to stay afloat and snap back to the primary trend established in March 2022. #Ethereum Technical Analysis ETH prices are under significant selling pressure. Overall, sellers are in control, unwinding gains posted in March. Buyers haven't reversed the steep losses of April at spot rates. Notably, ETHUSDT is within last week's trade range, with conspicuous bear bars of April 26 and 30 setting the trend. As ETH prices move horizontally, traders can trade with the primary trend, unloading every pullback provided prices are below $3k. A break below $2.7k and last week's lows may force another wave of dumping towards March 2022 lows of $2.3k. On the flip side, if ETH bulls break away from the current sideways movement above $3k, prices could soar to $3.5k—or better. This breakout would endorse the bulls of March, providing timely entries for aggressive traders to ride the wave. What to Expect from #ETH? Prices have support from around the 78.6 percent Fibonacci retracement level of the March 2022 trade range. A breakout above $3k would relieve optimistic buyers angling for resumption and a lift-off towards $3.5k. Resistance level to watch out for: $3k Support level to watch out for: $2.7k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
1
Ethereum: Future Price PredictionHello friends, today you can review the technical analysis on the 1W (weekly) linear scale chart for Ethereum (ETHUSD). The chart shows only the price and the similarities between the current market structure and price to the prior bull/bear cycle market structure and price. Each Support and Resistance Trend Line is color coordinated to match the prior cycle to current cycle. Though price may move slightly different, the overall structure looks very similar. It seems that the current price may be headed down to $1,000 - $1,500. To make it easier to follow, I made a pathway in the prior and current cycle. There is a possibility that price could come all the way down to $250 range due to a black swan event, however there are multiple support and resistance zones before that happens. I am NOT confident that Ethereum price will make an all time high until after the next Bitcoin halving in 2024. 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
6
ETH trend line and fib levels#ETH/USD $ETH trend lines and fibonacci levels show that price is at support between 0.5 and 0.618 fib levels. 🐮 holding this support will head up price toward descending resistance around $3300 and breaking this trend line will increase ETH to $3700 and $4200. 🐻 it is possible that price drop more to 0.786 fib level that is the same with ascending support. then increase. 🐻🐻 breaking down from support of 0.786 fib level will drop price to $2000 and lower.
INDEX:ETHUSD
by parissap
ETHUSD 1 hr - the same line. Across the crypto verse. I like to ask why, about everything. At least for a moment. Why are these prices riding such a fine line. This is why charting helps me. I like to see the pattern of the power keeping the price above the main buy zoe and below the main sell zone. I want to see that development. If thais creates a stability then i want to wonder if that is what the final stage will look like. If so this is closer to the gold pattern. When do the alt coins fall away from the BTC flow. Like copper to gold. Copper fluctuates more because its higher use.
COINBASE:ETHUSD
by mindfree
8
ETH Ethereum: 1H Chart UpdateHello friends, today you can review the technical analysis idea on a 1H linear scale chart for Ethereum (ETHUSD). Ethereum price looks like it may be headed back down from the current price. Keep an eye on my Support and Resistance Trend Lines. The Fibonacci Retracement shows price has possibility getting back to the 0.382 level. There is also Ichimoku Cloud resistance ahead. 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
COINBASE:ETHUSD
by MillionaireEconomics
3