Ethereumanalysis
ETH Dominance Pushing 20%Ethereums dominance is looking fantastic pushing upto the 20% level! igniting alt season as BTC dominance continues to fall! The MACD looks very good we are seeing a healthy green bar for our first on of this cycle after very recently getting that bullish cross! We are already seeing some good separation in the MA's and we will need to continue to see this if we want to have a big run up, lessening the chance of a near sighted bear cross. Now checking out the bollinger bands as you guys know i always talk about grabbing onto that top band, if we continue our push up there is a very good chance we will see this play out in the coming days, this will likely shoot up the dominance level to 20.74 aprx which is our recent high from back in early May. We are seeing good momentum coming from the wavetrend, we are almost pushing out of the bottom zone as we approach the midline soon, i personally think we have tons of room to run up here and it doesn't seem like anything is in our way! Not financial advice just my opinion!
ETHBTC Explosive Breakout!ALTseason could be upon us, ethereum just had a beautiful breakout against BTC out of this descending wedge! We are currently facing some resistance at the 0.2 FIB but we did have a nice wick pretty well above here! We notice on the MACD we are in and out of a bullish cross and we gotta look for separation in the MA's once the bull cross happens, we need to see that momentum pick up, also the histogram looks great we are coming to an end with the red cycle and we are very close to breaking into that bullish territory, we want to see increasing green bars each day! Now checking out the bollinger bands, we are looking very good our current candle has touched the top band which is always very bullish and if we see this continue im sure we are going to melt up pretty hard, we do have some light resistance halfway through the 0.2 FIB and im sure if we take a ride up the bollinger bands it'll take us right there! Not financial advice just my opinion! ps. very important that we get a daily close above the 0.2 FIB, then we will be looking mega bullish!
ETH analysisBINANCE:ETHUSDT
The triangle for the Ethereum was broken upwards and even
He did his internal pullback and every time he intended to advance
Upwards have collided with the resistance line if the trend
If it does not break the resistance, the price will fall to the midline range and even more
ETH DOMINANCE READY FOR A RUN UP!!Checking out ETH's dominance we notice that it looks like we have found some decent support here at 18.20% and we are seeing a couple transition candles, one a couple days ago and another one in the making today, now if we can hold this support and have another green transition candle i think we are set to make another run up! First off id like to compare the ETHUSD chart shown in the first pane (orange) vs the eth dominance chart, as we can see i've marked the start of run ups with vertical lines and as u notice when dominance starts to rise up so does the ETH price, as shown in the first pane, we have been in a nice uptrend recently on ETHUSD and now that we have seemed to have found a bottom here i think we are going to continue this, now keep in mind if BTC falls off a cliff this TA probably wont be valid anymore! Checking out the MACD we are looking good and it seems like we are starting to see a pushback and eventually a bullish cross, histogram is getting real flat and not moving a whole lot anymore. The Stoch RSI looks very good we are starting to see what looks like a huge upswing and an upcoming bullish crossover, even better we are currently in the oversold zone and it doesn't look like we have really anywhere else to go but upwards! Same thing kind of for the RSI we aren't in oversold but we have dipped into the confirmed downtrend area but i don't like its going to last, i think we are gonna see a blast right through that midline back into uptrend territory, we aren't very far off the midline and we are moving upwards now pointing in the right direction! Not financial advice just my opinion!
Ethereum you are diehard. Folks,
ETH.. is doing it's thing..
I have so much confidence in Ethereum for the future that I am going to re write my strategy for the long run..
I am going to look more in to trades with the ETH pairs.. Because my believe in the ETH I want to gain more ETH..
You will see me more posting in the future on ETH and the ETH pairs... Also with the Bitcoin pairs..
As many of the USDT pairs are running most of the BTC + ETH pairs are accumulating strength to start running in the near future..
What is your strategy???
ETH too $3,200 heading into FridayWe are currently in a strong resistance line & what we see unfold tonight will be a strong indicator of how our Friday morning will go.
If we are able to break through this resistance we may be around $3,200 heading into Friday morning, but if we do test this resistance then fall below it we would see a retest followed by more consolidation on Friday.
Ethereum SHORT introducing USD smart contracts blockchainEthereum failed to recover above the $3,120 pivot zone against the US Dollar. ETH price is declining and it could extend its losses below $2,950.
Ethereum struggled to recover above the $3,120 and $3,125 resistance levels.
The price is now trading below $3,080 and the 100 hourly simple moving average.
There is a major bearish trend line forming with resistance near $3,150 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could accelerate lower if there is a close below the $2,950 low.
Ethereum Price Remains At Risk
Ethereum started an upside correction from the $2,950 low, similar to bitcoin. ETH price surpassed the $3,000 and $3,050 resistance levels.
There was a break above the 23.6% Fib retracement level of the key drop from the $3,280 swing high to $2,950 low. Ether even spiked above the $3,100 level, but there was no upside continuation above the $3,120 resistance level (the last key breakdown zone).The price also remained well below $3,150 and the 100 hourly simple moving average. It seems like ether was rejected near the 50% Fib retracement level of the key drop from the $3,280 swing high to $2,950 low. There is also a major bearish trend line forming with resistance near $3,150 on the hourly chart of ETH/USD. It is now moving lower and trading below the $3,000 support. On the upside, an initial resistance is near the $3,025 level.
The first key resistance is now forming near the $3,080 level. The main resistance is still near the $3,120 level. A clear break and close above the $3,120 zone might start a fresh increase. In the stated scenario, the price might recover towards the $3,200 resistance. If ethereum fails to continue higher above the $3,080 and $3,120 resistance levels, it could extend its decline. An immediate support on the downside is near the $2,950 level. A downside break below the $2,950 support zone could spark a sharp decline in the near term. The next major support could be $2,880, below which the bears might aim a test of the $2,600 support zone.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is now gaining pace in the bearish zone.
Hourly RSI – The RSI for ETH/USD is now below the 40 level.
Major Support Level – $2,950
Major Resistance Level – $3,120
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ETH Falls Back On The Drawing Board, Can $3,000 Hold?
Ethereum price gradually loses ground to $3,000 as the MACD flashes a sell signal.
The SuperTrend indicator spots a bearish signal, adding credence to the pessimistic outlook.
Firm support at $3,000 will avert the potential losses to $2,800, thus allowing another recovery attempt to $4,000.
Ethereum price continues to lose more ground mid through the week’s trading. Earlier, the gigantic smart contract token had made haste above $3,300, but a barrier at $3,350 curtailed bullish efforts. Realize that Ether must bring down the stubborn seller congestion at $3,400 to have a fighting chance for gains heading to $4,000.
Meanwhile, ETH is trading at $3,025 after resting support at $3,000. Holding this support could eventually nullify the calls for declines to $2,800 and perhaps resume the uptrend.
Ethereum Price Deals With Rising Overhead Pressure
According to the daily chart, the Moving Average Convergence Divergence (MACD) has a bearish outlook, adding weight to the anticipated losses below $3,000. On Tuesday, the sell signal occurred as the 12-day Exponential Moving Average (SMA) crossed below the 26-EMA.
Ethereum will keep dropping as long as the MACD closes the gap back to the mean line. Traders can also watch out for increasing divergence between the EMAs, which will signify rising overhead pressure.
The Relative Strength Index (RSI) shows that bears are in the cockpit, and its movement under the midline would accentuate their grip on Ethereum.
Simultaneously, the SuperTrend indicator recently added credence to the bearish narrative, calling to sell ETH. This technical tool tracks Ethereum’s price like a moving average. However, it incorporates the average true range (ATR) in its calculations, thus gauging volatility. In turn, either a buy or sell signal is sent to help traders decide on entry and exit positions.
A sell signal occurs when the indicator the SuperTrend closes the day below the price and manifests with the color changing from green to red. If the technical picture stays unchanged, investors can expect another drop in Ethereum price, perhaps $2,800. Note that the 100 SMA provides Ether with immediate support on the four-hour chart.
Ethereum Intraday Levels
Spot rate: $3,025
Trend: Bearish
Volatility: Low
Support: $3,000 and $2,800
Resistance: $3,200 and $3,400
Ethereum- Pin Bars before correctionAlso Ethereum looks tired and a correction could be just around the corner
A Doji candle 2 days ago is followed by a Pin Bar yesterday and this give me reasons to expect a drop soon.
Above 3200 sellers seem strong and short term sellers could have at least 2800 as a target
A daily close above 3250 would negate this scenario
CountOnCrypto - Ethereum : Bitcoin Bull Flag - 11/08/2021Good morning TradingView, there is currently a large bull flag on the ETH:BTC pair, I have had this charted for a while now but only just realised it broke out. I'm expecting another breakout very shortly; I will be looking for confirmation of a volume spike this daily close on the money flow index. It appears that we're already breaking out slightly but it's too early to confirm, the spike in volume would be best met with a decrease in Bitcoin Dominance, you can view that on the BTC.D chart! The recent higher high that began to break above the
.5 Fibonacci retracement level but Bitcoin out-performed Ethereum then. You can view evidence of that by backdating both charts in confluence with the dates.
You should also research the Bitcoin dominance cycle, there is a great guide on this found here on TradingView.
Finally, the breakout based on the flagpole(s) would coincidentally bring us to the same level at 0.082400; this would coincidentally be a double top.
Please do your own research before entering money in the market, trading is very hard and requires lots of practice.
Ethereum to 5K!?Eth has undoubtedly been out performing the market recently after the mega bullish london and eip1559 upgrade went live, we are currently on our 19th green candle inna row! Now something pretty important for strictly ETH is the EMA ribbons, no one else in the market has managed to reflip the EMA ribbons back to bullish, and keep in mind this indicator is more long term rather than short, we have been able to get the green ribbons back ontop of the red which is very important, it shows the momentum is flipping back to the bulls and we have been seeing that for the last 20 days, if we can see the EMA ribbons fully spread out we will be in for a huge rally even bigger than we are seeing, as you can see to the left when the EMA ribbons started to open up bullish that is when we saw ETH shoot up to create that new ATH. We are also smashing through resistances like the R2 as the most recent and now we are on the push for that R3 or the 0.2 FIB level which is the last FIB before our ATH, we probably will see a rejection at the 0.2 FIB because it is a pretty strong level but if we keep up the momentum we will no doubt fly through at some point. Looking at the MACD we look very good we are seeing continued separation which is always key and we are showing no signs of slowing down, we are starting to point to the upside aswell, the histogram is looking okay we are sort of flattened out but our green bars are for the most part staying level with our previous ones so aslong as the MA's continue to shoot up and separate we are looking fantastic! Not financial advice just my opinion!
Ethereum ready for a Massive PumpLooking at the RSI it indicates were fixing to see another Massive pump towards $3400+ as we move into the weekend.
It largely depends on the Senate Infrastructure Bill which is still being decided. Once it's passed we will really get an idea of what's to come for the rest of Q3 & what we have in store for Q4!
ETH set up for a PullbackWe may begin to see a nice Pullback as we move through the night into Friday morning.
What we need to watch for is if we are going to do a Touch & Go off of the 200 EMA, we have been creating Higher Highs & Higher Lows which is a great indication for another Uptrend.
We may cross the EMA with a Retest then a large pullback too the $2,400 range.
Ethereum Head and Shoulders Potential Short!Ethereum is potentially forming a head and shoulders pattern. The neckline is at 2660, so if price breaks below this level with strong volume, I will consider taking a short. The technical price target is at 2555. If price doesn't break below 2660, then I wont be taking a short.
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