Ethereumanalysis
#Ethereum Firm, ETH Buyers Angling For $2,000Past Performance of Ethereum
Ethereum buyers are confident, reading from the performance in the daily chart. There are encouraging higher highs as ETH claws higher, presently trading at the Q3 2022 trade range. Even though there was a cool-off, ETH will likely bounce higher ahead of the Shanghai upgrade.
#Ethereum Technical Analysis
The path of least resistance is northwards. Notice that prices are above February 2023 highs of HKEX:1 ,750, and the retest in March didn't force prices lower. The rebound in late March propelled prices to spot rates, a huge positive for optimistic buyers. Per the current ETH candlestick arrangement, every low above April 4 bull bar at HKEX:1 ,800 may offer entries with targets at HKEX:1 ,950 and later HKEX:2 ,000. This preview will only change should there be a sharp dump, with rising volumes, below the middle BB and HKEX:1 ,800 in the next few days.
What to Expect from #ETH?
As it is, traders are confident of what lies ahead. The psychological reaction point at HKEX:2 ,000 remains unchallenged, but that could change if the upcoming fundamental event draws buyers.
Resistance level to watch out for: HKEX:1 ,950
Support level to watch out for: HKEX:1 ,800
Disclaimer: Opinions expressed are not investment advice. Do your research.
Ethereum - Buy The Rumor, Sell The News? 😳What’s up traders. In today’s trading idea, we discuss our thoughts on Ethereum.
Taking a look at the Daily chart, we’ve mapped out a few key levels & zones.
The story for Ethereum will be similar to our previous post on Bitcoin, in terms of where we think the 2nd largest crypto is headed.
If you haven’t heard, the Ethereum network is about to undergo the highly anticipated Shanghai upgrade on April 12th.
Simply put, this upgrade will allow investors (validators of the network) to withdraw their ETH that has been staked since December of 2020 (massive unrealized gains sheesh).
Right now, staked ETH accounts for 1/7th of the entire supply, 16 million tokens valued at over HKEX:26 billion.
Will a massive price dump follow?
Without diving too deep into the technicalities of the Shanghai fork, a subsequent dump could likely be in the cards.
Scenario 1: Bull Case
We see a continued push from Bitcoin, driving Ethereum up. We’re currently in an ascending triangle / bull flag, so a breakout to previous highs wouldn’t be surprising. HKEX:2 ,000 ETH definitely in the cards (Round number pseudoscience).
If we can surpass the 2K barrier, consolidate above combined with a bullish Bitcoin. Taking longs right now don’t sound too shabby.
Scenario 2: Bear Case
The bearish scenario would entail a “Buy The Rumor, Sell The News” situation. Where this push we’ve witnessed in recent days/weeks is due to the hype surrounding the Shanghai Upgrade.
A dip back down the 1400-1500 levels might be a solid spot if you want to look at getting long. If we see a severe dip from Bitcoin, and end up retouching the 1000-1200 levels. We’d be looking to buy & hold as those prices would be quite appetizing.
As always, NONE of this is financial advice. Trade, and invest at your own risk. This is for educational and entertainment purposes only, and we are in no way shape or form financial advisors.
Eyes peeled out there team. See ya in the next one.
Ethereum to 2k usdEthereum finally broke its resistance of 1830 usd. This is a welcome break after a 17 days sideways period.
Right now we're at day 25 out of the on average 65 days cycle of Bitcoin. I'm using Bitcoin as a reference as Ethereum is highly correlated to that asset. Meaning we still have a max of 2-3 weeks of upside potential, as I expect us to have peak at the right side of the halfway point of the daily cycle.
I believe this move will bring Ethereum at least to 2k usd as that is where the next resistance resides.
Ethereum's Potential for Correction in AprilHello friends!
I hope you had a profitable trading week so far.
This time, I will analyze a potential correction for Ethereum. Same for Bitcoin, I think ETH is due for a correction.
I see a potential reversal cooking. In bigger time frame (daily or weekly) it will only look like a correction. But in intraday timeframe, it might be a reversal signs and/or good short setup potential.
We can see that there was a bearish divergence in RSI formed. See the dashed white arrow. This indicates that bulls are weakening. These indicates that bears are ready to take action.
However, we need a second confirmation.
My analysis will be proven if the yellow bold line is broken. This will indicate that the price has formed a lower-low structure, which marks the start of a downtrend (at least in intraday timeframe)
Next Question: HOW LOW CAN ETH GO?
If you see at the daily timeframe , Ethereum forming a potential bullish megaphone.
If ETH is to go down, I think it might go to the lower part of the pattern (see white trendline)
But a possible reaction at the support in around 1511 USD is also possible
Should we see a bullish signal in those area, we can start buying/long up to 2000 or maybe 2100 USD.
Hope you like my analysis and don't forget to share your thoughts as well
Ethereum Idea | The Bulls attack!Hi traders..
In the next 48 hours, we will see an increase or jump in the price of Ethereum (as well as Bitcoin),
which will reach weekly highs in the short term.
I think Ethereum has 2 high price zones to reach, those prices are probably $1890 and $1990.
I will publish the Bitcoin chart in the next post.
Good Luck
⚠️🚨 Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
✅ Please write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed.
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ETH, just in a holding pattern or could resistance be warning usHi traders, today’s update, we are looking at ETH on the daily chart. Recently cryptos have been doing well, and Bitcoin, in particular, has been leading the run. While not exactly up with Bitcoins gains, ETH has been holding its own, and just last week, we saw another test of 1800 by buyers.
Sadly, that was a short-term move, and we saw sellers regain control until this week. So far, we have seen 4% added by buyers, and price continues to pepper a decent-looking resistance area marked on our chart below in red. While yes, this is holding back buyer momentum, we also can see an ascending triangle pattern which could suggest buyers are building up to a possible new breakout attempt.
We like the look of this pattern as it sits higher after a strong leg upwards. Normally you want to see these patterns form in an uptrend to classify them as a possible bullish continuation pattern.
From here, if we see a new retracement form, we want it to hold in the current pattern. A break through the bottom of the pattern would start telling us a different story. A leg higher is also ok as long as buyers can clear and close above resistance.
Momentum, for now, remains with the bulls, but we do have this short-term resistance hurdle to clear.
Good trading.
Ethereum: Reaching Out… 🙌Ethereum is reaching out to complete wave 1 in green and still has got some room to rise. As soon as the respective high is established, though, the cryptocurrency should turn downwards and head for the green zone between $1607 and $1424, where wave 2 in green should end. With this low secured, Ethereum should then resume the ascent by developing wave 3 in green. However, a 30% chance remains for Ethereum to scoot below the support at $1370, which marks the last significant low of wave ii in orange. In that case, we would reckon with a new low in the form of wave alt.ii in orange in the orange zone between $1330 and $1150 before ETH can continue the upwards movement.
Ethereum ETH Price Target after the U.S. CFTC sued BinanceBinance and its CEO, CZ, are being sued in the US by Commodity Market Regulators in a complaint that claims the defendants committed “wilful evasion of US law”.
This comes after the SEC Charged Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations last week.
Binance is responsible for 61.8% of the global crypto trading. Its Market Share is Huge!
I assume we are about to witness a major selloff in the crypto industry.
My Ethereum ETH Price Targets:
ETH/USDT short
Entry Range: $1700 - 1800
Take Profit 1: $1630
Take Profit 2: $1510
Take Profit 3: $1380
Stop Loss: $1900
#Ethereum - thoughts out loud #8]Good evening, we are from Ukraine!
Continuation of the movement.
Thank you all for your attention, I wish you success.
Sometimes you win /sometimes you learn.
ETHEREUM ETH price moves clearly, a good asset to tradeThe global idea for ETHUSDT that we published more than a month ago is still relevant and is being developed well.
The ETHUSD price has entered the $1750-2000 liquidity zone and the process of "braking" growth has begun. It seems that it is still not strong enough to break above $2000, and a correction is needed.
If during the correction, ETH buyers manage to keep the price above $1600, it will mean that they have the strength, motivation, and goal to drive the price much higher.
We also expect a correction on the BTCUSDT chart. The idea that we published at the beginning of the week is relevant, we just have to wait a little bit)
Have a great weekend
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will eth will cross 1840 or hit the low 1500 1300hi everyone ,
in this idea 💡 i am going to share some trading idea with trend analysis and volume anaysis. so lets begin.
as i start earlier btc dominence market cap at resistance leve and possibly market cap of btc is going to down so we have to stay bearish in this market for some week.
eth is also at their resistance level and if eth will make any billish sihnal above 1825 we will enter for a long reade , but ther is high possiblity eth will bouce back to 1500 from 1850 .
take short entry afer beatrish confiramtion and our first target is 1500 and the 1300 will be our last target .
i hope you like this analysis and please comment what you think abour eth for the week.
#Ethereum Rallies 70% from November Lows, ETH Bulls Target $2kPast Performance of Ethereum
Like the rest of the crypto market, Ethereum is in a firm uptrend. As an illustration, the coin is up roughly 70% from November lows, breaking above February highs. Technically, buyers are in control, and the bullish formation remains as long as ETH trends above $1.75k.
#Ethereum Technical Analysis
Ethereum is solid at spot rates, and traders are confident. Since ETH bars are bullish, riding along the upper BB indicates that buyers are in control and the upside momentum is high. Therefore, if prices are above the February highs, every low above $1.75k, ideally with low volumes, may offer entries. In a bullish continuation formation, the next target could be August 2022 highs at $2k. Further gains may see ETH retest Q1 2022 lows at $2.5k.
What to Expect from #ETH?
The uptrend is defined, pumped by fundamental factors, helping Ethereum bottom up after the losses of last year. As such, bulls will remain in control, and $1.75k, marking February high, will be a critical support line going forward.
Resistance level to watch out for: $2k
Support level to watch out for: $1.75k
Disclaimer: Opinions expressed are not investment advice. Do your research.
Ethereum -> The Support Will HoldHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe Ethereum retested once again a very strong previous weekly resistance area and is currently again rejecting this zone towards the downside.
However also just recently we had a bullish ema crossover and are now starting to create weekly bullish market structure, so I am now just waiting for a retest of the previous weekly support zone and then the next impulse towards the upside.
On the daily timeframe market structure is currently bearish, so everything is pointing towards another retest of the $1500 area from which I then also do expect the next daily rally towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Ethereum can exit of triangle and continue to fallHello traders, I want share with you my opinion about Ethereum. Looking at the chart, we can see how the price formed an upward impulse from the buyer zone 1460-1490. Later, Ethereum created a symmetrical triangle and trades inside of it. You can also see how the price tested the resistance area of triangle from which it bounced back and to decline. The price is currently below the resistance area and may continue to fall and break through the support line of triangle. After a possible breakdown of the support line, Ethereum may continue to decline and I expect that the price may reach the support area. Based on this analysis, I set targets at level1610, which coincide with the triangle support line and in the support area 1570-1545. We can also observe that the targets for Ethereum coincide with the Fibonacci levels of 0.5 and 0.382. Please share this idea with your friends and click Boost 🚀
Ethereum -> Don't Trust The BearsHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe Ethereum just retested and rejected a quite obvious previous weekly resistance area and is now approaching a previous weekly support zone.
However we are also having a bullish weekly ema crossover and just recently created another higher high, so I am now just waiting for the market to retest the next support zone before then starting the next push towards the upside.
On the daily timeframe you can also see that we are about to retest a previous daily support area, so I am now just waiting for the retest and some bullish confirmation before I then do expect the next push towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset: