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Ethereumanalysis

ETH bulls and bears fight#ETH/USDT $ETH in daily chart is between to major ascending line that will show us the next move of #Ethereum. close a daily candle above daily ascending resistance will confirm the uptrend move and close a candle below daily ascending support will confirm down trend. in 4h chart price broke out a triangle pattern and now pullback to this pattern. if price stay above triangle and head up to break out daily resistance it will increase toward $4350 and $4580 and maybe going to make a new ATH. but if price drop below triangle and daily support zone we will see a long down trend to $3000.
by parissap
ETH Ethereum: 1D Chart UpdateHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Ethereum (ETHUSD), a cryptocurrency. The chart is self-explanatory. Ethereum price is currently trading in the Fibonacci Golden Pocket zone and in a high trading area of the VPVR (Volume Profile). The Ichimoku Cloud shows green clouds for upcoming support. RSI also shows support for a potential move up. Volume is low and Stoch RSI is oversold. If price moves up, keep an eye on the 0.786 Fibonacci level. If the price falls, keep an eye on the 0.382 Fibonacci Retracement level. Shown: Ichimoku Clouds , RSI (Relative Strength Index), Stochastic RSI (Stoch RSI), Fibonacci Extension , Volume Profile (VPVR), Support and Resistance Trendline, 200 EMA, and Volume. 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
Long $ETHUSD based on Elliott Wave TheoryHello, friends! I would like to briefly talk to you regarding Elliott Wave Theory and how we can use it to our advantage. Brief history and intro: Ralph Nelson Elliott concluded that the movement of the market could be predicted by observing and identifying a repetitive pattern of waves. Elliott first published his theory in the book titled The Wave Principle in 1938. Elliott was able to analyze markets in greater depth, identifying the specific characteristics of wave patterns and making detailed market predictions based on the patterns. Basic Principles Elliott Wave Theory: Movement in the direction of the trend is unfolding in 5 waves (called motive wave) while any correction against the trend is in three waves (called corrective wave). The movement in the direction of the trend is labeled as 1, 2, 3, 4, and 5. The three-wave correction is labeled as a, b, and c. These patterns can be seen in long-term as well as short-term charts. An example: Elliott Waves are like a piece of broccoli, where the smaller piece, if broken off from the bigger piece, does, in fact, look like the big piece. Market prices alternate between an impulsive, or motive phase, and a corrective phase on all time scales of trend. Impulses are always subdivided into a set of 5 lower-degree waves, alternating again between motive and corrective character, so that waves 1, 3, and 5 are impulses, and waves 2 and 4 are smaller retraces of waves 1 and 3. Corrective waves subdivide into 3 smaller-degree waves, denoted as ABC. Corrective waves start with a five-wave counter-trend impulse (wave A), a retrace (wave B), and another impulse (wave C). The 3 waves A, B, and C make up a larger degree corrective wave (2). An impulse-wave formation, followed by a corrective wave, forms an Elliott wave degree consisting of trends and countertrends. In a bear market, the dominant trend is downward, so the pattern is reversed—five waves down and three up. Elliott identified nine degrees of waves, which he labeled as follows, from largest to smallest: -Grand Super Cycle -Super Cycle -Cycle -Primary -Intermediate -Minor -Minute -Minuette -Sub-Minuette Since Elliott waves are fractal, wave degrees theoretically expand ever-larger and ever-smaller beyond those listed above. Simply because the market is a fractal does not make the market easily predictable. Scientists recognize a tree as a fractal, but that doesn’t mean anyone can predict the path of each of its branches. Now that being said we can conclude that ETH has completed supercycle and intermediate wave 2. The next wave will be wave 3. Wave 3 must be an impulse wave, cannot be the shortest of 1,3 & 5. Wave three is usually the largest and most powerful wave in a trend. Prices rise quickly, corrections are short-lived and shallow. Wave 3 rally picks up steam and takes the top of Wave 1. As soon as the Wave 1 high is exceeded, the stops are taken out. Keep top resistances in mind. This is not financial advice, always do your own research before investing in any stocks or cryptocurrencies.
BITSTAMP:ETHUSDLong
by smitpatel1
ETH Ethereum: 4H Chart UpdateHello friends, today you can review the technical analysis on a 4H linear scale chart for Ethereum (ETHUSD), a cryptocurrency. 1) The Ethereum price currently broke down from the Symmetrical Triangle Pattern it was forming. 2) If price does not get back into the triangle, it may be supported by a Multi-Month Support Trendline. 3) If that support trendline doesn't hold, it may fall down to the Support and Resistance Area (Box) which is around a 25%-30% price drop. 4) The measured move from the Symmetrical Triangle has the potential to bring the price down to the 1.618 Fibonacci Retracement level. This is also in the Support and Resistance Area. 5) Also note the RSI (relative strength index) also broke down from the bottom support line. 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. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? 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
4
ETH Bear Trap!!?As talked about previously i mentioned the possibility of an upcoming bear trap on the Ethereum bears, where we would breakout and close below our key level at 3990-4K faking out traders into thinking a bigger drop is coming, before then rebounding to the upside and hopefully this plays out as a bear trap because that will mean we will be seeing some nice upside soon to come. We are currently breaking back into our accumulation zone at 4K and its looking like we are going to see a bullish daily close above here which will be big! on the BJ key levels we are looking at the 4k-4100 zone as our first crucial level, a break above here will be a bullish sign and likely give us some momentum to keep pushing to the upside. We do have multiple levels of resistance from 4k-4600 which is our accumulation zone i have been talking about, ultimately we need to break and close above 4600 and hold above here before we can really say we are looking bullish. simply due to the fact that for the past 3 weeks we have been stuck in this range where we are seeing strong hands buy but for the most part moving sideways. A really great sign that i noticed is that we have regained the 100 day MA, this is one of the stronger MA's as it is calculation the moving average over a 100 day period, not any recent movement as far as the 200 day MA goes but it is definitely a positive that we have held this level aswell. We had a bit of a scare when we closed below the 0.2 FIB level and thats why i believe this bear trap is happening, that was a very bearish close but soon after we rebounded to the upside, i think this is just the start. Now lets look at the RMI, we are falling to the downside still but things are starting to look up, we seem to be bottoming out with our pink starting to move sideways and our orange coming down towards the pink, looking for this bullish reversal, we are at the lowest point since the start of October and i think with some good momentum we are due for a big big run to the upside and a big time reversal! Not financial advice just my opinion!
BITSTAMP:ETHUSDLong
by JacobR905
ETH - Another Bull trend ahead? Hey guys, Julie here =D Let's talk about Ethereum today: ETH is kind of moving sideways since November 18, after a huge bull trend, which is perfectly normal, I think it might just be resting now. But one thing I've noticed is that the red candles have been bigger than the white ones for a while, and I don't like that, to me it's not a good sign. We have some support levels near today's price, and I think that before ETH can go up again, it will test one of these regions (pink or blue line). If that happens, it would be a great time to buy (with good confirmation, of course). I don't think it will trigger a downtrend, because on the weekly chart we have a nice uptrend, and the price is very close to the 21 EMA, so it is quite unlikely to fall. I wouldn't buy ETH yet, I would rather wait to see if these regions will really act as support, and I would also wait for more positive candles, with a good confirmation, before buying. So, to summarize: I think it will fall a little bit more to the support levels, and then it will keep going up, because on the weekly chart we have a bull trend. So that's it! Thank you for reading my analysis! I would really appreciate it if you would support me with your like and your subscription. Bye bye, have a nice day! 😊👍
by Juliehodler
2
Eth- I don't think 4k will holdIf you've read my analyzes, you know that I have "a problem" with an asset staying at support or resistance as an invitation to buy or sell and make money, as if it were so simple. Is exactly Eth's case right now, with the price coming back to 4k for all of us to buy and make money, and if you remember, a week ago Btc stayed at 55k and... I can be wrong this time, of course, but in 90% of the cases, these support/resistance fall eventually. From a technical point of view, Ethereum is in a descending triangle pattern with this 4k base, and a daily close under could accelerate losses. The first target for bears can be 3.5k low from the last week's sell of followed by 3k zone, strong horizontal support and the measured target for the triangle. I will stay short as long as the price is trading under 4.3k
BITSTAMP:ETHUSDShort
by Mihai_Iacob
24
Ethereum Breakout Coming soon!!?Looking at Ethereum it is pretty clear we have no sense of real direction and one thing that stood out to me very clearly is that we are in a wider ranged accumulation phase in the market. Shown by the blue shaded area we have respected this zone very well and are struggling to find a breakout point, what i believe is happening is a big 3 week accumulation period where we are seeing strong hands and big money scooping up Ethereum/ all of crypto before the next leg up. This phase can definitely mess with the emotions and can lead you to believe we are entering a bear market or just a downtrend period, i don't think this is the case though, smart money and big institutions are playing the waiting game striking fear into retail investors and overall giving uncertainty. The past couple days including today have been looking good we are seeing strong bull candles and a push back up into this zone after briefly falling underneath. First off lets take a look at some key levels, the support levels we need to hold onto are the S1, 4000$ (USD), and the very important 0.2 FIB level. Now the resistances that are very key goes as follows, the midline on the bollinger bands is a must regain level and will be a big test once we reach it, the 4400$ level, the crucial pivot point (P) this level if we can close above should give us some much needed bull momentum, then the 4600$ level, a break and close above here is important because it has been the respected top of this accumulation zone and for us to leave this phase this level is key. Then of course we have the 0 FIB level (ATH) which will give us mass amounts of momentum if we can regain it and enter price discovery mode. Now the bollinger bands, another reason why this 4600$ level is so important is because a break above here will land us right on that top bollinger band, and this as we all know can spark an explosive move to the upside and go on a significant run and likely easily breakthrough that ATH! Now the MACD we see that the histogram is decreasing showing us a decline in bearish momentum, want we want to see here is a push back into the green zone and see increasing green bars day after day, aswell as an explosive bull cross with the blue MA taking off from the orange. Not financial advice just my opinion!
BITSTAMP:ETHUSDLong
by JacobR905
ETH Ethereum: 100% growth from hereHello friends, today you can review the technical analysis on linear scale charts for Ethereum ( ETHUSD ), a cryptocurrency. Quick Analysis: 1) The left two charts are showing a 2017-2018 and 2021 Ethereum chart with similar timeframes. The 2017-2018 chart shows a dip in the price followed up by consolidation before a blow off top. The same fractal seems to be in play with the current (2021) price. The analysis in the 2021 chart on the left shows the assumption that the fractal playing out within the timeframe and price increase similar to 2017. This would mean around December 25, 2021 - December 27, 2021, Ethereum could have a blow off top of $8,500-$8,600. 2) On the right chart shows the Ethereum price on a weekly timeframe showing the price going back to 2017. A Fibonacci Extension analysis was completed showing the 1.618 (Golden Ratio) at $7,908. This may be an area where traders could take profits. It may be possible to still reach the $8,500-$8,600 range with a wick. 3) Though this is just an idea, it may be worth keeping an eye on this if price continues to move in line with the 2017 fractal. 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
COINBASE:ETHUSD
by MillionaireEconomics
4
ETH Ethereum: Key Support LineHello friends, today you can review the technical analysis on the 4H (hourly) linear scale chart for Ethereum ( ETHUSD ), a cryptocurrency. #CryptoPickk noted in the chart: 1) There is a multi-month trendline which the Ethereum price has come close to touching or has bounced off. 2) When the trendline was formed, the price was below it and it was serving as resistance, however since January 2021, the line has been serving it as support (except for the summer 2021 crypto crash). 3) This trendline is extremely important to hold and during the most recent crypto crash, it almost touched this line. 4) Also shown in the chart is the VPVR (Visible Range) where the highest amounts of trades are sitting. Currently the price is stilling above a volatile area shown in the rectangular white color box. 5) One key observation is the Volume is not strong since summer 2021. In order to get the Ethereum price to meet new highs, the Volume needs to come in. 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
7
ETH Ethereum - Target For UpsideHello friends, today you can review the technical analysis on the 1D (daily) log scale chart for Ethereum ( ETHUSD ), an altcoin cryptocurrency. When reviewing this chart, keep in mind it is on a macro perspective and not looking at the day to day activity. #CryptoPickk noted in the chart: 1) The Ethereum price has been in a Parallel Channel since the end of 2019 with the price being supported on the bottom and top trendlines. On a macro perspective, the Ethereum price has been moving up a Rising Wedge Pattern (in yellow color) since inception. The price is at the breakout point of the Rising Wedge and at the bottom trendline of the Parallel Channel, so there may be a potential for a break out of the Rising Wedge Pattern in the near term. This would only be considered if Volume comes through. 2) Assuming the Volume comes in and price moves up, the target price is estimated around $16K. This was determined using Fibonacci Extension levels showing the previous Bull Market where the price met the 3.618 Fib level before retracing back down. Assuming that happens again at the 3.618 Fib level, the price would reach a target of around $16,000. 3) Interestingly at $16K range, the price would be above the Parallel Channel Median Line and it may go even higher if it consolidates above the Median Line for a period of time to reach the top of the Parallel Channel. 4) From the BTC upside analysis completed (shown in the idea section below), the estimated timeframe of BTC to hit the All Time High is in March 2022, so assuming Ethereum follows the same trend of 2017-2018, Ethereum would reach an all time high in April 2022. This is shown on the chart. 5) The chart and analysis is based on historical data trends and the price of Ethereum does not need to follow that. It is extremely important to keep a close eye on Bitcoin, economic markets and the financial markets. 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
COINBASE:ETHUSD
by MillionaireEconomics
3
ETH/USD: Market Consolidation with a Bullish Perspective!What’s up guys and welcome to my profile, my name is Gianni and today I’m going to analyse the ETH/USD, trying to translate the market information with a full technical analysis on different time frames perspectives. For a better understanding of my bullish bias, let’s have a quick look on the monthly timeframe: During the last 3 months the market has performed a strong bullish impulse, breaking a previous resistance area (now turned into support) in October. A smaller green candle in November was definitely a first clue that the market was losing momentum and as the chart is currently showing, a bearish candle is now approaching to retest the support area, before to continue, eventually, the current uptrend. Let’s switch now to the weekly timeframe: The market is moving uptrend and it’s created a clear evening star candlestick pattern in November, followed by two weeks of equilibrium, clearly retesting now the previous monthly support area. Switching to the daily timeframe, I can analyse better this specific situation: As you can see in the chart, the market is following an uptrend, bouncing on a dynamic trendline. The last bullish impulse is getting now a retracement and tested the level 0.38 of Fibonacci, that currently is a strong support/resistance area, as previously said. Finally back to the 4h timeframe: The market is definitely consolidating inside a price range between 3800 and 4800. Before to start looking for a buy position I would wait for a retest of the support zone and a bullish price action with a RRR 1:2 or greater and only if every condition will be respected, then I will get my position according with my trading range strategy. If you enjoy this trade idea, support my work with a thumb up and don’t forget to follow my profile for more detailed technical analyses! Trade safe and responsibly, Gianni DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose
COINBASE:ETHUSDLong
by UnknownUnicorn18552923
2
ETH - speculation to go Long on 2D!Provided that today's candle on 2D closes as a pin bar + RSI & RVI bounce off their support lines, then it it plausible to expect the price to follow its path as presented on my chart. This is an potential price action for local correction that may take up to couple of days to complete. The green rectangle represents a good entry point to go SHORT. If price action begins to follow the path then two TP may be available for grabs: 1) TP1 at 4390 USD - first level of correction. 2) TP2 at 4570 USD - this is where we have a 61.8% correction on Fib, descending resistance line in purple colour, as well as resistence level based on horizontal volume.
Long
by WallStreetFox
ETH to continue outperforming BTCBitcoin has been slumping pretty hard against ethereum which is a big positive for the altcoin market and the fall might just be starting, everything on BTC/ETH is looking very bearish. We have broken down below 2 pretty heavy downtrend support lines and looking at our current price action it is looking like we will see a daily close below both of these levels which would be a bearish sign for bitcoin but a great sign for ETH and the alts. we have support slightly below our current spot, the S1 & S2 support levels are holding up as of right now but a little more of push to the downside will definitely break these levels. Looking at the bollinger bands we are on our second daily candle where we are riding that bottom band and this plays into the reason i think this drop could just be starting, it is not uncommon when riding the bottom band for the dip to go on for multiple days. For our daily close its looking like we will close once again on that bottom band which is likely to continue dragging BTC down. The MACD recently had a flat period where our histogram bars weren't moving a whole lot, but the past couple days have been looking good, 2 increased red bars which is what we want to see and want too continue. The MA's are just starting to see some big separation increasing the bearish momentum and making it more and more difficult to get a bullish cross in the near term. Not financial advice just my opinion!
BShort
by JacobR905
2
ETH Ethereum: Is A Big Move Brewing?Hello friends, today I am completing a technical analysis on the 1D linear scale chart for Ethereum ( ETHUSD ), an altcoin cryptocurrency and the second largest by Cryptocurrency Market Capitalization. #CryptoPickk notes the following: 1) Ethereum price formed a multi-month Cup and Handle Pattern which broke out at the end of October 2021. The re-test of the trendline happened a few days ago. It also coincided with a multi-month rising trendline (in green) where the price touched as well. 2) Ethereum price is currently headed to push through the all time high around $4,870 before going further up to $6,500. This would be a 39% price increase from the current price level. 3) The $6,500 range is the 1.618 Fibonacci Extension level, which is also the Cup and Handle Pattern target price range. 4) The RSI (relative strength index) recently bounced off the bottom trendline and is moving upwards. Breaking this trendline will have an effect on the price. 5) The Stochastic RSI (Stoch RSI), Money Flow Index (MFI) and MACD are all looking healthy. 6) The Volume is low but there is buying pressure picking up. If there is a large Volume candle that comes it, we can see prices moving up (or down) faster. 7) If the Ethereum price falls below the green colored bottom trendline, which has been significant support for multiple months, we could see much lower prices. 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
BITSTAMP:ETHUSDLong
by MillionaireEconomics
7
Ethereum Next Leg Up!!?Ethereum has been following my second scenario yellow path pretty perfectly against Bitcoin, we are currently sitting just under resistance at 0.0769 which we have wicked off of multiple times already, weakening the level everytime. We are sort of moving sideways but i think the momentum is building up for ethereum and its only a matter of time before we smash through here! Then we are looking at resistance at the 0.0788 level, i do think we might face a little trouble here aswell but there are definitely some factors that could send us flying right through but we will have to wait and see when the time actually comes. The bollinger bands are providing us some nice support just underneath the 0.0733 level and then we also have support at 0.0716, so i think its comfortable enough to say we aren't going to go far we see further downside, what i am way more interested in is that top band on the bb's and this is one of the factors that could send us flying through both of these overhead resistance levels. If we continue to push up a little bit more we will be sitting right on this top band and if we can secure a daily close on here the chances of us having an explosive upwards breakout are pretty high, historically grabbing onto that top band majority of the time sends PA flying, same thing but opposite for the bottom band. Now the SMI, we are slowly moving our way up in a bullish squeeze, shown by the black crosses and aswell as the increasing green bars everyday, this shows a stronger bull squeeze and the more we increase the more explosive our squeeze release is going to be (shown by black crosses turning white). Now the Chaiken Money flow, we had a nice bounce off of the midline and strong turnaround to the upside, this shows that investors bought up the dip on ethereum and we have money flowing into ETH and since we are going against BTC on this chart its signaling money flowing into ETH rather than Bitcoin, with BTC.D settling and slowly dropping i think altseason is on the horizon and im expecting it to be an absolutely massive one! NFA just my opinion!
Long
by JacobR905