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Ethereumanalysis

Ethereum Potential Double Top, BEWARE if price break this level!Ethereum has had a nice rally since it formed a double bottom, congratulations to all my followers who took the long trade setup. It is now forming a potential double top, with the neckline at 1930. The double top will only be confirmed if price breaks below 1930, and it will be invalidated if price rallies above the second top at 2025. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market
Short
by cryptotraderog
11
MUST HOLD LEVEL FOR ETHEREUM!Eth has been getting dragged down with the market just like everything else and we are now at a pretty crucial level of support for ETH and if we dont hold this for our daily close there is a good chance we see a fall. We have broken out to the downside of this descending triangle and i have outlined the key pivot points that are in play, green being support, yellow as the pivot point and red as the resistances. We are holding up right on this first green support and we need to hold this level for daily close or the next support we have is the 0.7 FIB level. Now this is a very interesting situation because we are seeing some bearish indicators but to me the RSI is looking like we are due for a reversal, we are just about in the oversold area like a hair away and we could potentially see a fakeout with ETH, a fakeout to the downside of the descending triangle but then could see a recovery back up if this support is held and if our RSI starts to come back up, so this is definitely a hard one to judge on where we are headed, keep in mind if BTC keeps falling our indicators for the time being don't really mean anything. Now the bollinger bands we got to be very careful with as we are starting to ride the bottom band and you guys know what that means... a more than likely fall in price unless we see a recovery and some bull momentum. For sure an important chart to watch for daily close tonight! Not financial advice just my opinion!
BITSTAMP:ETHUSD
by JacobR905
2
Ethereum Long Entry Trade Setup!Ethereum has broken above the 200MAs on the 15Min timeframe. Should price retest the 200MAs at roughly 1910-1920 and successfully hold and bounce with strong volume, I will be looking to take a long position. The most recent swing high of $1994 would be a good place for take profit, though I will be taking partial profits before then. Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Long
by cryptotraderog
2
ETH potential 9% drop looming!Ethereum against BTC has been pretty strong wee are trending slightly down but more of sideways movement within this descending wedge. i think that we could see a little more downside here until we start heading back up, for a few different reasons the first being if you look at my last BTC TA i think we are on the verge of a pullback in price and that will definitely shake up the market a little bit. looking at the coppock curve which isnt talked about very often is pretty accurate for finding market bottoms and reversals, so we see our wave is currently halfway to the bottom point, this indicator doesn't really ever ake any jagged turns or reversals and it smoothly transitions from bearish to bullish over time, we have a little trend line going for the wave bottoms and i think we are going to catch this support again before then transitioning back upwards. We recently got a bearish cross on the MACD and we notice some further separation in the MA's right off the bat and this shows we are getting further and further away from getting that bullish cross in the next phase, our histogram aswell has just started printing a few red bars and they are slightly getting bigger each time, we want to see these bars start to level off and ultimately start to reduce in size. Looking at the bollinger bands we are in an okay spot nothing to worry about here for now, the only thing is that price action is below the midline and we usually see our candles getting held down and below this level. Not financial advice just my opinion!
Short
by JacobR905
ETH and ALTS about to fall??!Ethereum's still struggling to find a way out of this descending wedge now around the middle again, we are currently getting held up by the midline of the bollinger bands and close below we got the 0.6 FIB level. I'm thinking that we are probably going to see a bit of a fall before we head up, even i would say a fakeout to the downside before taking off! We got lots of support but a lot of resistance aswell here, looking at the MACD we are almost to the point of a bearish cross and a histogram flip to bearish, i see us going down probably out of our wedge to the nearest pivot point before heading back up as shown in my pathway. In this situation i think it is very likely we see a fakeout to the downside to shake more people out before then heading up and ultimately rising through the upside of the wedge. This wedge is very prolonged and i believe traders are getting itchy for taking positions and would be looking to open shorts if we see a break of this very long wedge, this is where i think a very possible fakeout would come to play as it would liquidate many traders. theres lots of resistance when looking at the upside aswell but thatll be for a later update TA! Not financial advice just my opinion!
BITSTAMP:ETHUSDShort
by JacobR905
Ethereum Price Drop Imminent, Limited UpsideCrypto markets have been looking bearish since May and without any clear reversal of the trend, I expect the bear market to continue for at least the next month or two. Looming regulation concerns have also dampened expectations of an end to the bear market. Ethereum has failed to break out of the descending triangle pattern it has been in since the end of May. A break of the descending triangle to the upside is therefore unlikely. Considering a break of the triangle is unlikely and the negative news surrounding cryptocurrency, within the next month or two we can expect the price of Ethereum to drop below $1700. Within the past few days, Ethereum has been trading between the approximate price range of $2059 and $2170 and failed to break the $2059 support level. A low trading volume and price change means investors are uncertain about direction. Assuming the support level is to fail, expect the price to drop to the next support level of approximately $1922. It is likely that the price will then drop to the low of $1700. Regardless of whether or not the current support level holds or if current support level breaks, the price upside is about $2280 in the next 7 days, which is the Fibonacci retracement level and the peak of the descending triangle trendline. With very limited upside and almost certain risk of downside, I advise traders to exert caution.
BITSTAMP:ETHUSD
by MaryJ_1
2
Ethereum going to breakout!!?Eth is looking like we have reversed after a bounce off of the bottom of this descending wedge, now we just rejected off the top for the 9th time but i think we are gaining some steam and we could get a beautiful bounce off the bollinger band midline to then try and breakout again to the upside. The only worry that we might face if we breakout upwards is we will have to have enough momentum to smash through the 0.5 FIB and close above it or we face falling back into the wedge with a sort of "fakeout" scenario. The RSI is just touching down of the 50. point and im hoping we can see a nice bounce off here to try and get us back into an uptrend, this is very key for this whole analysis as if we don't get that confirmed uptrend on the RSI we could still breakout of the wedge upwards but we most likely wouldn't go that far. The MACD looks great aswell we are seeing nice separation in the MA's slowly pushing upwards, the one thing about the MACD is that we are starting to see a slight curl in the blue MA and we don't want to see it start to come down towards the orange, or atleast hope we get a bounce off the orange. If we don't and we get a bearish cross we would probably take a couple day hit to the downside or even just some sideways movement. Not financial advice just my opinion!
BITSTAMP:ETHUSDLong
by JacobR905
Ethereum Long Upon Volume Confirmation!Ethereum is testing the 200MAs on the 1H timeframe and holding, showing signs that price might bounce up from here. The only concern I have right now is that volume isnt very strong, so Im waiting for more volume to come in before putting in a long potential. Those who are more risk seeking could consider starting to scale in a small position here. The risk is higher as we currently dont have strong volume confirming the move, but the potential reward is higher as this might be a better entry price compared to when we do get volume confirmation. higher risk, higher reward, up to you. Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Long
by cryptotraderog
4
Ethereum - The triangle is broken!🤑🤑Ethereum broke the global trend line, which has been building since May 12, additionally, a triangle was formed, which was also broken by the price! If there will be a successful retest of the broken triangle as support, locally it could be a good entry point into a long position, with the target indicated above! Write in the comments all your questions and instrument analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
8
ETHEREUM DOUBLE BOTTOM BREAKOUT @ 2170! TIME SENSITIVE!Ethereum is forming a W-pattern double bottom pattern with the neckline at 2170. If price breaks and closes above 2170 with strong volume, then I will put in a long scalp trade. As we are testing this neckline right now, this buy signal could come at any minute. Of course, if we dont get the breakout, then this pattern is invalidated. Im waiting for confirmation before opening a position. Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Long
by cryptotraderog
4
ETH: Still bearishETHUSDT right now is still in a downtrend, and with a strong resistance above it. ETHUSDT is at the 2K resistance and to further reinforce the bearish bias: Below the Ichimoku cloud Below the 180 EMA Still in a downtrend I believe we are in a new range for ETHUSDT with the upper resistance at 2K and the lower support at 1.4K, other s/r can exist within the range. Considering the last time we were in this range it took 67 days to breakout, we need further consolidation before anything can happen on the upside. Most probably we will be hitting the 1.4K support a few times in the next coming days.
Short
by CryptoEstratega