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Ethereumanalysis

#Ethereum Bullish But Upside Momentum FadingPast Performance of Ethereum Ethereum, more like Bitcoin, is cooling off from last week’s resistance at around $1.75k. The rejection means ETH is down, sliding six percent from recent highs, though the uptrend remains valid. Support is at about $1.6k, and on the lower end, the low of the February 15 bar at $1.5k. #Ethereum Technical Analysis The support is clear at $1.6k and the middle BB. On the other end, resistance is at $1.75k. The divergence from the upper BB points to reducing upside momentum, which is bearish for ETH. Nonetheless, the primary trend is solid. Should ETH slip below $1.6k and the middle BB, traders can look to short, targeting $1.5k and February lows. Even so, the bear breakout must be with rising volumes for this to pan out. For this reason, considering that the uptrend is defined, traders may have to wait for trend definition in the short term. Should there be a relief and ETH soar above $1.75k, prices may likely float to $2k. What to Expect from #ETH? Prices are consolidating, but the trend could be established once there is a defined breakout above $1.75k or below the middle BB in the sessions ahead. Losses below support may trigger a sell-off that may see ETH slide to February lows. Resistance level to watch out for: $1.75k Support level to watch out for: $1.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Ethereum -> More Upside PotentialHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe Ethereum just recently broke out of a very clear triangle formation and since then already had a pump of about 30% towards the upside. We have the next clear resistance area coming in at $2000 so I do expect the market to have a bullish move into the zone before finding short term resistance there. On the daily timeframe I am just waiting for the market to break above the previous resistance zone which we are currently testing once again, and after the break I definitely think the market will finally retest the $2000 area. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Long
by basictradingtv
35
#Ethereum Expands; Will ETH Bulls Break Above $1.7k?Past Performance of Ethereum Ethereum is lower at spot rates, within a bear breakout formation. The ETH price is below the 20-day moving average and is down 10 percent from this month's highs. Even though buyers are confident, the short-term trend will only change should ETH break above $1.7k. #Ethereum Technical Analysis ETH is in range. The upside is limited at $1.7k, a critical resistance level. Meanwhile, support is at $1.5k. Though prices increased on February 14, the short-term trend is bearish. Prices are inside the bearish engulfing bar of February 9. Besides, yesterday's pump is with relatively low trading volumes. Therefore, unless ETH breaks above $1.7k, the odds of the coin dropping below $1.5k remain higher. Conservative traders can wait for a break in either direction before committing. Any break below $1.5k may see ETH drop to as low as $1.35k. What to Expect from #ETH? The immediate trend remains bearish despite yesterday's expansion. Resistance is at February highs at $1.7k. Because last week's bear formation still defines prices, the possibility of sharp dumps cannot be discounted. Resistance level to watch out for: $1.7k Support level to watch out for: $1.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Ethereum -> The Last Chance For BullsHello Traders, welcome to this free and educational multi-timeframe technical analysis . Ethereum just recently broke above a very clear weekly and daily downtrend line and immediately had an agressive pump of about 45% towards the upside, showing that there is definitely some buying pressure in the marekt. From a weekly timeframe the market then tested previous weekly resistance and already rejected the zone quite nicely towards the downside, so I am now just waiting for bullish price-action before I do expect the continuation towards the upside. From a daily timeframe we are still sitting at a previous support zone, which is the last support area before the market will make another 10% drop towards the downside so I am now just waiting to see if bulls can actually defend this support zone. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Long
by basictradingtv
31
Ethereum -> The Beginning Of The Next BullrunHello Traders, welcome to this free and educational multi-timeframe technical analysis. From a weekly perspective Ethereum and the whole crypto market is looking like it is potentially slowly starting the beginning of the next crypto-cycle. On Ethereum specifically it seems like the market just wants to head higher and create a very bullish long term double bottom, before then eventually starting a short term correction to the downside. On the daily timeframe I am now just waiting for an opportunity to enter a long postition, however the market is currently testing previous resistance which is turned resistance once again, so I am just waiting for a break above the zone, followed by a retest and then there is a high probability that we will actually see the continuation towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Long
by basictradingtv
41
Trend Ethereum Is Getting Weaker Ethereum's uptrend is weakening. This is not unexpected given that we are already at a key point in the cycles of both Ethereum and Bitcoin. The previous two tops were discovered after 58 and 43 days, respectively, while Ethereum's local top was discovered after 61 days. Not only do we notice a daily cycle pattern, but Ethereum has also found resistance at the first critical point of 1700 USD. As the trend weakens, we're seeing a lower high. Why is the trend weakening? This is represented not just in the rsi, but also in our indicator Fetch Trends, which utilizes the rsi to calculate its colors. On top of that, our other indicator "moving average sequential strat" is firing off a sell signal, giving me us plenty of reasons to think the local top for Ethereum is either close or in.
COINBASE:ETHUSDShort
by FetchTeam
Ethereum Analysis 27.01.2023Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
by basictradingtv
15
ETH - Tighten your belts! Reversal incoming!Hello dear Investors, Traders and of course Beez! Quick TA update on ETHUSDT coming up right away. Make sure to take notes and comment below if you are having any question! So stay tuned! First things first, as we can clearly observe, today price rejected at the Ultimate Resistance - 4hr Bearish Orderblock area around 1670$ and as we forecasted on previous post on ETH, that could possibly be the peak of the relief rally, indicating us, reversal. Technicals that are being utilized in this chart analysis for us, to determine the next moves of ETH are the following: Volume RSI MACD So without more noise, lets cut to the chase: When it comes to Volume in correlation to price activity, we observe that, price is keep rising while volume steadily decreases, indicating us Bearish Divergence. Moreover, MACD waves seems weaker, compare that, to strongest price buying power Last but not least, RSI is in the overbought area and has formed Bearish Divergence, as it recedes while price keep rising! Consequently, we can clearly see that this relief rally is more likely a liquidity grab in order to create a lower low, rather than a healthy recovery! After all, what burst up, without consolidation, it has to go down eventually! IMPORTANT: This is strictly a Technical Analysis and Fundamentals CAN affect our Analysis! DISCLAIMER: This analysis is not intended to encourage any buying or selling activity of any particular securities. In addition, it should not be considered as ground for taking any trade action. Hence, your own diligence is highly recommended before entering any trade. If you liked the idea, make sure to support with a like, follow and a comment! Best Regards, CryptoQueens.
Short
by Crypto_Queens_Official
22
ETH Technical analysis & Next moves 1st Quarter!Greetings and Happy new Year fellow Investors Traders and ofcourse beez! In our today's post we will analyze ETH next moves in the upcoming months (Q1), taking into account all technical factors that may affect the price behavior and consequently price volatility . As we can observe on the chart, there are 3 possible scenarios that might play out based on our analysis. Since Mid-July, there is a HUGE Bullish Orderblock, around the area 1090$ - 1035$. As long as we stay above these levels, everything looks positive and we are safe and sound. IMPORTANT: Keep in mind though, Orderblocks tend to act as a magnet, therefore, sooner or later we WILL visit this area. In the case of breaching 1090$ support area, that holded well so far, we will test the lower threshold level of OB at 1030$, which is the least possible scenario (2) based on our plan. At the time of the writing, after price tested the upper OB, that was created on 20th of December, it acted as a resistance, and bulls took over. It is also important to mention that, price and volume has been forming a bullish divergence, indicating us a buy signal and that Scenario 1 and 3 are more likely to occur. At this point it is important to mention, that based on the price behavior the last months, there has been a huge liquidity area (FVG), that hasn't been explored since then, and MUST be, the one way or the another. Consequently, after today's leg up and after being rejected of the nearest support zone, we strongly believe, that the next moves involve, bullish action. SCENARIO 1: Indicates, retest of the lower level of the Fair Value Gap, having our TPs at the level of 1340$, that acted as resistance. and then sharply correct to the lowest Resistance area, at 1080$-1100$. SCENARIO 3(HOT): After retesting the lower level of the local FVG, break through, and close the Gap, leading us to the ultimate Resistance area indicating on the chart, at the area of 1660$. Make no mistake though, market sentiment is still bearish, and according to this plan, price eventually, WILL test the lower levels around 1080$. Consequently, after analyzing all 3 possible scenarios, and taking under consideration that the correlation between price and volume, we undoubtedly suggest that a good Long entry price is: Entry Price: 1230 - 1250 TP1: 1340$ (Liquidity Pool) TP2: 1425$ (Mid-range of FVG) TP3: 1660$ (Ultimate Resistance Area - Reversal point) SL: 1180$ IMPORTANT: This is strictly a Technical Analysis and Fundamentals CAN affect our Analysis! Not a Financial Advise! Trade with Caution! Best Regards, CryptoQueens
Long
by Crypto_Queens_Official
17
Ethereum ETH: 1D Chart UpdateToday you can review the technical analysis idea on a 1D linear scale chart for Ethereum (ETHUSD). Ethereum price has been pumping recently and there is potential for it to keep moving higher, but ETH price and the RSI just made a lower low. If price keeps heading lower, it may come back down to where the recent pump started which is about a 30-35% correction, similar to my recent BTC price chart. The area of support is in the $1K region. RSI may be cooling down as well. Volume doesn't look strong. 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! #millionaireeconomics
BITSTAMP:ETHUSD
by MillionaireEconomics
4
#Ethereum Bulls Firm, will ETH Breach $1.7k?Past Performance of Ethereum Ethereum is firm, swinging higher, and within a bullish breakout formation. After closing above the resistance trend line, ETH has been floating higher. However, prices are still below November highs at around $1.7k. This resistance line is critical and must be broken to validate the upside. #Ethereum Technical Analysis Bulls are confident, considering the series of higher highs in the past few days. Support lies at around $1.5k, with the bull bar of January 20 defining the short-term trend. As long as prices are within this bullish engulfing bar and $1.5k, every low might be an entry. Conservative traders, however, may have to wait for a high volume close above $1.7k before digging in, targeting $2k. The upside preview holds water because ETH bull bars are along the upper BB, indicating participation and relatively high volatility. What to Expect from #ETH? ETH prices are in tight ranges. Even after the gains of January 20, there must be confirmation. In that case, the coin may surge above $1.7k. This may provide the necessary momentum for the next leg-up to $2k or better in the sessions ahead. Resistance level to watch out for: $1.7k Support level to watch out for: $1.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
2