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Ethereumanalysis

ETH and Altcoin takeoff??!!Ethereum has been steadily rising and slightly going sideways after our big recent correction and has been consistently been creating higher lows and has formed a ascending triangle(bullish) and overall looks very very healthy and primed for a next big move upwards! We are approaching the top and apex of this ascending triangle and i think we will see a nice breakout in the coming days (BTC is a factor keep in mind). We are seeing similar low volume like BTC but we all know that can change in the blink of an eye. Looking at the MACD we did recently get a bullish cross but movement has been pretty stagnent with our histogram only slightly printing larger bars. This can change if we start seeing some separation with the blue and orange MA aswell as some upwards movement, and aslong as they don't cross bearish we are looking great short term! the RSI aswell is in a compressed ascending triangle pushing up towards the Apex and the 50. point midline, feels like we will see a strong push through the 50. and then continue up and get ourselves into a confirmed uptrend which we haven't seen in a months time, lots does factor on BTC but we are looking good as of right now. Also want to shed some light on EIP 1559 which is set to launch in 45 days! this upgrade imo will work wonders for Ethereum as with every single transaction some ETH will be burned, i highly suggest researching this as imo will be huge, just think, slowly decreasing supply with either the same demand or greater demand! NFA Just my opinion!
BITSTAMP:ETHUSDLong
by JacobR905
Bitcoin & Ethereum Breakout!Bitcoin (BTCUSDT) Bitcoin had some minor patterns the past few days, including a W-bottom and an ascending channel. But now that price is getting close to the apex of the symmetrical triangle on the higher timeframe, it is now the main focus. Two days ago price actually broke out to the upside, but then broke back down within the triangle, which is usually a bearish sign and suggests a higher likelihood of a following breakdown than another attempt at a break up. Price is now hugging the bottom of the symmetrical triangle, and it will be critical for bulls for price to bounce here. A break of triangle support, combined with the fact that price had a false breakout to the upside, would solidify the case for a continued breakdown in the direction of the overall bearish trend. The levels to watch are the 34-34.5K on the downside and 38-38.5K on the upside. A strong candle close below or above those levels with strong volume will likely dictate the direction of the breakout. Ethereum (ETHUSDT) Ethereum is coiling up for a large move as the 200MAs have flattened, and price keeps coming back to the 200MAs. If price were to break below the 200MAs, price could collapse quickly, so it is critical to watch the 2500-2600 support zone. That said, the bullish scenario of the W-bottom breakout pattern is still a potential setup, with the key level to watch being 2900. A break above 2900 with strong volume would confirm the larger W bottom breakout pattern and give a potential target of 4000+. Ethereum (ETHBTC) The ETHBTC pair has broken out above the golden pocket resistance of 0.072-0.073 and have actually retested it as support, confirming the breakout. The third and final confirmation would be a break above the initial breakout high at 0.075. This shows that in the recent dump (whether caused by Elon’s Bitcoin tweets or not), Ethereum held up better than Bitcoin. While we technically have a breakout entry signal on the ETHBTC pair, I have not currently opened up a position because ETHUSDT hasn’t confirmed the move, and moreover BTCUSDT hasn’t confirmed the move either. In short, I want to see ETHBTC breakout to the upside in a situation where BTC is rallying and ETH is rallying harder rather than the current situation of BTC dumping and ETH is dumping less. This is because BTC is still king, and will ultimately drag down ETH if it cannot rally as well, meaning that in the former situation, the ETHBTC breakout is more sustainable. As always, I’m not a financial advisor, do your own research, and stay safe!
by cryptotraderog
Bitcoin (BTC/XBT) & Ethereum (ETHUSDT/ETHBTC) Potential BreakoutBitcoin (BTCUSDT) After breaking out of the W bottom at 36.5K, Bitcoin rallied slightly before coming back to retest the neckline of the breakout. In fact, there was an hourly close below the neckline, suggesting a potential failure of the W bottom breakout, but price then quickly rallied above, bouncing off of the neckline and the 61.8 Fib. Price is now back at the 200MAs @ 37K on the hourly char. Bitcoin seems to also be in an ascending triangle, and on the upside we have the 38.5-39K zone, which is the confluence of the triangle top and the channel top as a potential area of resistance. On the downside, we have 35.5K, which is the confluence of the 61.8 Fib and the channel bottom Ethereum (ETHUSDT) After breaking out of the W bottom at 2450-2500, Ethereum had a nice rally before coming back to test the 200MAs. For the time being, the 200MAs have been flipped from resistance to support. If price can stay above the 200MAs and either move up or consolidate, there will be a good chance that Ethereum is gearing up for a major leg up. As mentioned in yesterday’s post, the key level to watch is 2900. A break above 2900 with strong volume would confirm the larger W bottom breakout pattern and give a potential target of 4000+. Of course, before reaching that target, we have the all-important golden pocket of 3350-3450 that needs to be cleared, but even a move to that zone would give a very profitable trade. On the downside, we have the 200MAs at 2550 as the first level of support. Ethereum (ETHBTC) After breaking out of the W bottom at 0.0685, ETHBTC had a nice run up to the golden pocket of 0.072-0.073. This zone has served as the main level of resistance since we bounced from the bottom of 0.055. Price has failed to break above that zone in 3 prior attempts, and is now in that zone once again. If price can finally break through this zone, ETHBTC will likely go on a massive run. Not only will price have cleared the golden pocket which has served as major resistance, it will also confirm the larger W bottom breakout pattern. This would give us a potential target of 0.09, which would be a new high for this bull market. Of course, we would want to make sure that the ETHUSDT chart is also confirming the move to give extra confidence. On the downside, we have support at the 200MAs at 0.07. As always, I’m not a financial advisor, do your own research, and stay safe!
by cryptotraderog
4
Ethereum, ETH - keep in mind 2 scenarios👆🏻Now price formed local zone 2600-2900. I think if the price will squeeze to the resistance line and make a breakout. It will be a good pattern to buy and fast impulse. The same situation to support line. If we squeeze to support line, we'll have a great entry point for short after breakout and retest. I would like to say to the newbie (the experienced already understand) that we're traders and must be ready for all variants. To think in one direction in such a market is suicide. 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
18
Ethereum ready for take off?!Ethereum is gaining some steam pushing towards that 0.3 FIB level and 50 SMA, the very key thing about the 50 day moving average is when we are in bull market our candles tend to ride ontop of the 50 day and use it as support, this can be seen looking to the very left up until recently. I think once ETH pushes up and breaks this 0.3 FIB and finds support again ontop of the 50 day we could see another huge pump for ethereum, especially with BTC dominance falling! Our RSI is getting very close to that 50. point line we're if we see a confirmed break above we will get a lot of momentum, lots of bullish indicators flashing guys. On the MACD we are seeing very bullish separation on our MA's with no sign of slowing down anytime soon, we are just about pointing straight up, the red macd lead is flying high pushing above that mid histogram line. Could see some crazy explosions in alt coins coming up soon! Not financial advice just my opinion!
BITSTAMP:ETHUSDLong
by JacobR905
Eth Scenarios! Hi Folks! We are still in uptrend channel on Eth if we look the logaritmic way. Possible price action will be a double bottom on daily graph. My current position is short in a short term. In a long term perspective our way will be ended on the moon.(This is too long so we should take profits till the days are come up!) I am waiting one of the uptrend pattern to open long position. Short is more profitable till uptrend pattern show up. Make your own strategy! Market is too risky in these days. take your profit! Rules: 1. Do not lose money 2. We can make money!
by cacashinakamoto
ETH DOMINANCE REACHING MAJOR RESISTANCE. FORMING CUP & HANDLEETH.D is the new BTC.D. Eth is becoming the network of future finance and there is nothing you can do about it. The recent ETH rally has been quite crazy reaching $4100 as I speak now. I believe it's time for a healthy retracement, which also means ALTS will have a huge pump especially DeFi tokens. If the cup & handle doesn't form and rally to upside continues then the next resistance should be looked for. The yellow box region will be a good opportunity to buy fundamentally strong ALTS as rally until ETH.D hits 15% mark. I strongly believe after that, ETH.D will never reach levels of 15%. Just wait till Big Financial Institutions starts building on ETH and layer2 networks such as POLYGON(previously MATIC). Overall, ETH at $10000 is programmed, only a matter of when.
CRYPTOCAP:ETH.DShort
by naseef36
Ethereum - quick updateEnglish This is Ethereum on the 1h candles. Ethereum broke out of a few patterns recently and each time in the bullish direction. Currently Ethereum is at $2913. Our first target is $3120. Critical short term levels to watch are around $2750. If ETH breaks out below $2750, it will be bad in the short term, but will not change the fact that Ethereum will rise to at least $10000. In the short term we are more bullish on Bitcoin and a bit less on Ethereum, but in the long term we are super bullish on both! Deutsch/German Dies ist Ethereum auf den 1h-Kerzen. Ethereum brach vor kurzem aus ein paar Muster aus und jedes Mal in die bullische Richtung. Derzeit liegt Ethereum bei $2913. Unser erstes Ziel ist $3120. Kritische kurzfristige Ebenen zu beobachten sind um $2750 herum. Wenn ETH unter $2750 ausbricht, ist das kurzfristig schlecht, ändert aber nichts daran, dass Ethereum auf mindestens $10000 steigen wird. Kurzfristig sind wir mehr bullisch auf Bitcoin und ein bisschen weniger auf Ethereum, aber langfristig sind wir super bullisch auf beide!
BITSTAMP:ETHUSD
by Sako_han
1
ETH, Ethereum - 2 scenarios and 2 entry pointsETH looks more positive than others coins. Price broke the trendline and started to squeeze. If we continue to do it, it will be a great pattern for buy. Entry point only after retest a key level. Second scenario: we'll do a retest to the trendline. It happens if BTC will drop. Entry point near to the trendline. Write in the comments all your questions and instruments 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
19
ETH/BTC CHART Double bottom 4 hour chart ETH/BTC CHART Double bottom 4 hour chart breakout with confirmation. Now ETH must get a strong volume support otherwise the chart will be invalidated as soon as we close below the neckline and confirm this as resistance we have a renewed sell-off into the support box. But since the BTC .D is also still sinking I think this month the Altcoin SESSION could begin. Am very interested to see what happens. I am since the support - box in ETH invested again. Registration link for PHEMEX EXCHANGE: phemex.com Registration link for IMBA EXCHANGE: imba-exchange.co Registration link for BINANCE EXCHANGE: www.binance.com YOUTUBE CHANNEL from EGALITE: www.youtube.com Homepage: egalitesignals.com EGALITE
Long
by IDDTrading