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Ethereumanalysis

ETH Daily TA Neutral BearishETHUSD daily guidance is neutral with a bearish bias. Recommended ratio: 40% ETH, 60% Cash. * CRITICAL RESISTANCE/SUNDAY SCARIES WATCH . Cryptos are struggling to keep the bullish momentum going over the weekend as the post-FOMC rally (fueled by a robust October Jobs Report) tries to carry over into next week's big CPI report on Thursday (11/10). Chinese President Jinping stated the obvious Friday , that the world should do their best to avoid nuclear war; he did this without mention of Russia. Key Upcoming Dates: Third GDPNow US Q4 GDP Estimate 11/09; US October CPI at 830am EST 11/10; UofM November Consumer Sentiment Survey at 10am EST 11/11; Russia/Ukraine Grain Deal Expiration on 11/19; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14 .* Price is currently testing the upper trendline of the descending channel from November 2021 as resistance, which coincides with the 100MA, at ~$1650; both resistance levels are just below $1711 minor resistance, hence why this is a critical juncture. Volume was Moderate (moderate) in yesterday's session and ended a two day streak of buyer dominance by finishing in the red. Price has broken above the VP POC and is now trading in the third largest supply/demand zone on the chart. Parabolic SAR flips bearish at $1520, this margin is mildly bearish at the moment. RSI is currently forming a trough as it trends sideways at 65, just above 63 minor support. Stochastic remains bullish for a second consecutive session and is currently trending up at 73, the next resistance is at 81. MACD is currently forming a soft peak at ~73, if it falls below 57 it would be a bearish crossover. ADX is currently trending up slightly at 31 as Price is attempting to push higher, this is mildly bullish at the moment. If Price is able to breakout above the upper trendline of the descending channel from November 2021 + the 100MA at ~$1650 as resistance , it will have to get above $1711 minor resistance to confirm that it has broken out of the year-long descending channel. However, if Price is rejected here, it will likely retest the local low of ~$1500 as support before potentially retesting $1427 support . Mental Stop Loss: (two consecutive closes above) $1711.
COINBASE:ETHUSD
by dailytaguy
#Ethereum in a Bullish Breakout Formation, ETH Support at $1.5kPast Performance of Ethereum Ethereum prices might be up 27 percent from Q3 2022 lows. However, from the ETHUSDT daily chart, prices are cooling off, and buyers need to overcome immediate resistance levels for trend continuation. Of note, there is a liquidation line at around $1.7k that bulls must conclusively break above with expanding trading volumes for last week's buyers to flow back and thrust ETH prices toward $1.8k. #Ethereum Technical Analysis ETH is bullish in the short term. The immediate support levels are at $1.4k—the resistance line of the BB Squeeze—and $1.5k. On the upper end, the lid is at $1.7k. Besides, there are lower lows from the upper BB, an indicator of tapering upside momentum. However, buyers have the upper end since ETH prices are within a bullish breakout formation and in range inside the bull bars from October 24. Still, this forecast is only valid as long as prices are above $1.4k and $1.5k. Losses below $1.5k may force ETH back to $1.4k in a retest, potentially pouring cold water on the warming ETH prices and bulls. Based on the current formation, ETH buyers can load the dips with targets at $1.8k. Alternatively, they can wait for a close above $1.7k before ramping up, targeting $2k in a buy trend continuation formation. What to Expect from #ETH? Ethereum traders are confident. However, the upside momentum may fizzle, and buyers could begin liquidating if there is a drop below $1.5k. On the flip side, ETH may surge if buyers break above last week's high, as mentioned earlier. 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
ETH Daily TA Neutral BearishETHUSD daily guidance neutral with a bearish bias. Recommended ratio: 40% ETH, 60% Cash. * FOMC WATCH . Cryptos are mixed with some altcoins up but most large-caps down. Equities, Equity Futures, JPYUSD, CNYUSD, GBPUSD, EURUSD, Gold and Oil are also down. DXY, US Treasuries, Agriculture, Nat Gas and VIX are up. Both Apple and Microsoft's top and bottom beat didn't do much to quell the selling pressure leading up to the upcoming FOMC meeting. Speculators are still betting on a 75bps rate hike, but given the still high inflation numbers and retail data it wouldn't be all too surprising to see a 100bps hike. Russia's recent move to pause the grain deal with Ukraine and the upcoming European winter are likely to both keep pressuring inflation. Key Upcoming Dates: 2nd GDPNow US Q4 GDP estimate 11/ 01; FOMC Statement at 2pm EST 11/02; October Employment Situation at 830am (EST) 11/04; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30.* Price is currently trending down at ~$1560 after forming a soft-peak just below the 100MA which coincides with $1711 minor resistance and the upper trendline of the descending channel from November 2021; the next support is at $1427. Volume is currently High (low) and on track to favor sellers for a second consecutive session if it can close today's session in the red. Parabolic SAR flips bearish at the 50MA (~$1365), this margin is mildly bearish at the moment. RSI is currently trending down and testing 63.17 minor support with no signs of trough formation. Stochastic remains bearish after defying a bullish crossover and is currently trending down at 87 as it approaches 81 support. MACD is currently trending up slightly at 63.76 as it's beginning to form a soft peak, it's still technically testing 28 resistance. ADX is currently trending up slightly at 31 as Price pushes higher, this is mildly bullish at the moment. If Price is able to bounce here then it will likely retest the 100MA + the upper trendline of the descending channel from November 2021 at ~$1711 minor resistance before potentially breaking out of the descending channel. However, if Price continues down here, it'll likely retest $1427 support before potentially retesting the 50MA + the uptrend line from 06/18/22 as support at ~$1375. Mental Stop Loss: (two consecutive closes above) $1711.
COINBASE:ETHUSD
by dailytaguy
ETHEREUM ETH price potential for growth near 40%The ETHUSDT price is behaving quite technically. During the last month of trading, Ethereum buyers did not allow the price to fall below $1250 while retesting the strong liquidity zone from above. This is a good signal of serious intentions and strength of buyers, and accordingly, a signal of possible future growth. Today, ETHUSD broke through the first local trend line and is trying to consolidate above it. A set of ETHUSDT longs from $1400-1450 is now justified and looks safer. The potential for growth is in the area of $2000-2100. In our opinion, it will be difficult for Ether price to break above $2000-2100 the first time. After all, $2000-2100 is a strong liquidity zone, which in 2021 has repeatedly acted as support, and in 2022 - as resistance from above. There is also a trend line in this range, which is the main resistance of sellers and indicates a downtrend for a year since November 2021. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
25
ETH Daily TA Neutral BullishETHUSD daily guidance is neutral with a bullish bias. Recommended ratio: 60% ETH, 40% Cash. *Cryptos are mixed with certain altcoins like ANKR ( hot off of APTOS integration news ), ATOM and MATIC up while the broader market is mostly flat. Equities, Equity Futures, Gold, EURUSD and 30yr US Treasury bonds are up while VIX, Energy, Agriculture, 10yr US Treasury bonds, DXY, GBPUSD, JPYUSD and CNYUSD are all down. Netflix beat Q3 expectations on both top and bottom lines . Russia continued its renewed attacks on Ukraine today and Ukraine reports that 30% of their power grid infrastructure has now been damaged . Key Upcoming Dates: US September Building Permits and Housing Starts at 830am EST 10/19; 19th GDPNow US Q3 GDP estimate 10/19; S&P US October Manufacturing PMI at 945am EST 10/24; US October Consumer Confidence Index at 10am EST 10/25; US September New Home Sales at 10am EST 10/26; US Q3 GDP First Estimate at 830am EST 10/27; US September PCE Price Index at 8am 10/28; FOMC Statement at 2pm EST 11/02.* Price is currently trending up at ~$1315 after bouncing off of $1270 minor support as it looks to retest the 50 MA as resistance at $1427 resistance. Volume is currently High (low) and on track to break a two day streak of buyers dominance if it can close today's session in the red. Parabolic SAR flips bullish at $1371, this margin is bullish. RSI is currently trending down at 46 after forming a peak just below the upper trendline of the Symmetrical Triangle from February 2020 at ~49. Stochastic remains bullish, is currently trending up at 86 and is still technically testing 81 resistance. MACD remains bullish and is currently trending up slightly at -31, the next resistance is at 27.77. ADX is currently trending down slightly at 31 as Price is slowly rising, this is neutral at the moment. If Price is able to continue up from here then it will likely retest the 50 MA as resistance at $1427 resistance . However, if Price breaks down here, it will likely retest $1270 minor support . Mental Stop Loss: (one close below) $1270.
COINBASE:ETHUSD
by dailytaguy
ETH Daily TA Neutral BearishETHUSD daily guidance is neutral with a bearish bias. Recommended ratio: 40% ETH, 60% Cash. * SHORT SQUEEZE WATCH . US September Retail Sales came in at $684b , virtually unchanged from August but still 8.2% above September of last year. This strong consumer data will surely influence the Federal Reserve to continue pondering raising FFR by more than 75bps on November 2nd. The 18th GDPNow US Q3 GDP estimate is 2.8% , down from 2.9% on 10/7. Preliminary results for the October UofM Consumer Sentiment Survey show an increase from 58.6 in September to 59.8 in October. Putin made more threats regarding a "global catastrophe" to NATO should they become directly involved in Russia's war against Ukraine. He also set the stage for reclosing the humanitarian corridors Russia agreed to allow Ukraine to use to transport grain and fleeing citizens; this could lead to more supply chain woes in the near future. Cryptos, Equities, Equity Futures, Commodities, GBPUSD, EURUSD, JPYUSD and CNYUSD are all down while DXY, US Treasuries and VIX are up. Key Upcoming Dates: US September Building Permits and Housing Starts at 830am EST 10/19; 19th GDPNow US Q3 GDP estimate 10/19.* Price is currently testing $1270 minor support for the fifth consecutive session as it continues to trade in the largest trading zone (POC) on the chart for twenty three consecutive sessions now. Volume is currently High (moderate) and on track to favor buyers in today's session after favoring sellers in yesterday's session. Parabolic SAR flips bullish at $1389, this margin is mildly bullish. RSI is currently trending up at 43 after bouncing off of the uptrend line (also the lower trendline of the massive Symmetrical Triangle) from November 2018 at 36.91 support, the next resistance is the descending trendline from February 2020 at ~51.25. Stochastic crossed over bullish in today's session and is currently testing 46.76 resistance. MACD remains bullish and is trending up slightly at ~-35 as it continues to test -46.46 minor resistance for the ninth consecutive session. ADX is currently trending sideways at 31 as Price attempts to defend $1270 minor support, this is neutral at the moment. If Price is able to defend $1270 minor support then it will likely aim to retest the 50 MA as resistance at $1427 resistance . However, if Price breaks down here, it will likely retest $1k minor support before potentially retesting $776 support for the first time since January 2021. Mental Stop Loss: (two consecutive closes above) $1270.
COINBASE:ETHUSD
by dailytaguy
#Ethereum Consolidates as a BB Squeeze Forms above $1.25kPast Performance of Ethereum Ethereum prices are, based on the formation in the daily chart, stable. In the previous 24 hours, the coin has been relatively firm but bound within a bear formation pattern. The rejection of prices from spot levels and ETH bulls holding above $1.25k is a net positive. Still, the failure of Ethereum prices to soar above immediate resistance levels at $1.4k means sellers are in control, and there are higher odds of ETH slipping to new 2022 lows. #Ethereum Technical Analysis At spot rates, aggressive traders can continue unloading ETH on every attempt higher. The primary support is at $1.25k, flashing with the 78.6 percent Fibonacci retracement level of the June to August 2022 trade range. This is also the September 2022 low. Considering the significance of $1.25k, ETH must hold above this level, ideally with increasing volumes, if buyers are to build any upside momentum. Presently, a BB squeeze is clear in the daily chart translating to tapering momentum and anticipation of a breakout in any direction in subsequent sessions. Accordingly, risk-on traders can wait, aware that sharp losses below September 2022 lows may see ETH dump to $1.1k or even 2022 lows in a bear continuation formation. What to Expect from #ETH? The downtrend is clear, and sellers are in the driving seat, based on the candlestick arrangement in the daily chart. If buyers are to take control, there must be a strong, high volume and engulfing bar above $1.4k, pointing to a shift in the trend and, possibly, prices bottoming up. Presently, any drop below September 2022 would break bulls' resilience. Resistance level to watch out for: $1.4k Support level to watch out for: $1.25k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
ETH Daily TA Neutral BearishETHUSD daily guidance is neutral bearish. Recommended ratio: 48% ETH, 52% Cash. * BOUNCE WATCH . Cryptos have remained flat through the weekend and Equity Futures are down to start the week. Russia blames the Crimea bridge blast on Ukrainian terrorists and mentioned that the only response is to kill Ukrainian terrorists , so more shelling is to be expected it's more of a matter of whether not the shelling includes tactical nukes or chemical warfare. Key Upcoming Dates: FOMC Minutes at 2pm EST 10/12; September US CPI at 830am EST 10/13; September US Retails Sales at 830am EST 10/14; 18th GDPNow US Q3 GDP Estimate 10/14; UofM October Consumer Sentiment Index at 10am EST 10/15.* Price is currently continuing to trend sideways at ~$1325 for the third consecutive session as it hovers between $1270 minor support and $1427 resistance. Volume is currently on track to remain Low (low) for three consecutive sessions and broke the 4 days streak of sellers dominance by closing in the green in today's session. Parabolic SAR flips bearish at $1254, this margin is bearish at the moment. RSI is currently continuing to trend sideways at 42.5 for a third consecutive session. Stochastic remains bearish and is currently forming a trough at 62, the next support is at 47. MACD remains bullish and is currently breaking above -46.46 minor resistance as it attempts to defy forming a soft peak. ADX is currently trending down slightly at 29 as Price continues to trend sideways, this is neutral at the moment. If Price is able to bounce here it will likely retest $1427 resistance . However, if Price breaks down here it will likely retest $1270 minor support before potentially falling lower to $1k minor support . Mental Stop Loss: (one close above) $1477.
COINBASE:ETHUSD
by dailytaguy
ETH Daily TA Neutral BullishETHUSD daily guidance is neutral with a bullish bias. Recommended ratio: 60% ETH, 40% Cash. * Cleveland Fed President Mester said today that she expects to see an uptick in Unemployment but that the Fed remains "singularly focused on fighting inflation" . In the same regard, she mentioned that she doesn't see any rate cuts in 2023. Key Upcoming Dates: September US Employment Situation at 830am EST 10/07; FOMC Members Kashkari, Waller and Williams speak on 10/07; FOMC Minutes at 2pm EST 10/12; September US CPI at 830am EST 10/13; September US Retails Sales at 830am EST 10/14; UofM October Consumer Sentiment Index at 10am EST 10/15.* Price is continuing to trend sideways at ~$1350 for a fourth consecutive session. Volume has been High (moderate) and favored sellers for the past two sessions, if it closes today's session in the green it will likely imply that more choppy trading is to be expected in the near term. Parabolic SAR flips bearish at $1229, this margin is neutral at the moment. RSI is currently trending up slightly at 46, the next resistance is the descending trendline from February 2020 at ~52. Stochastic remains bullish as it defies a bearish crossover at 96, the next resistance is at max top. MACD remains bullish and is currently continuing to form a soft peak as it tests -46.46 resistance. ADX is currently trending down at 30 as Price continues to trend sideways and attempts to move higher, this is neutral at the moment. If Price is able to break out to the upside then it will likely retest $1427 resistance . However, if Price breaks down here, it will likely retest $1270 minor support . Mental Stop Loss: (two consecutive closes below) $1270.
COINBASE:ETHUSD
by dailytaguy
Ethereum: Aqua AerobicEthereum has been doing aqua aerobic in the blue zone between $1456 and $1013 for a while now, moving up and down along the 61.80%-retracement. Although it could have gained enough drive already to start the ascent, we expect the cryptocurrency to dive a bit deeper still before rising out of the blue zone. As soon as wave (ii) in blue is finished, though, Ethereum should rise out of the blue zone, cross the resistance at $2029 and head for the upper blue zone between $2982 and $3420. However, there is a 40% chance that Ethereum could break through the bottom of the blue zone and drop below the support at $883, thus triggering further descent.
BINANCE:ETHUSD
by MarketIntel
ETHEREUM: LOOKING GOOD.Hello traders, here's a quick scalping long trade set up on ETH. I went long on ETH at $1319 and will surely accumulate the bottom. Entry level between $1294 to 1332. Stop Loss at 1271. Target around $1376 to $1400. Note: This is a short-term trade set-up. Invest only if you have done your research on it cause this is not a financial advice. I am just a T.A guy to help you with my analysis. So, do not rely on one source only, research, compare, analyze and then invest. Trade safely.
Long
by Dexter_The_Trader
4
ETH Daily TA Neutral BullishETHUSD daily guidance is neutral with a bullish bias. Recommended ratio: 52% ETH, 48% Cash. *Cryptos have been choppy over the weekend and are now seeing some buying pressure to finish the week. Equity Futures are currently down to start the week. Key Upcoming Dates: S&P US September Manufacturing PMI at 945am EST 10/03; September Employment Situation at 830am EST 10/07.* Price is currently testing $1270 minor support for the second consecutive session, if Price breaks below this level then it will likely retest $1k psychological support and potentially lower to $776 minor support. Volume has favored sellers in the past four sessions and was Low for the past two consecutive sessions, indicative of weak support at these levels; however, it's currently on track to favor buyers if it can close today's session in the green. Parabolic SAR flips bullish at $1358, this margin is bullish. RSI is currently trending up at 39 after bouncing off of the uptrend line from November 2018 at 36.91 support. Stochastic remains bearish and is currently beginning to form a trough at 66 as it's still technically testing 80.69 support. MACD remains bullish and is currently trending sideways at -69 for the fourth consecutive session, the next resistance (minor) is at -46.46 and the next support is at -90.80. ADX is currently trending up slightly at 34 as Price continues to trend down slightly, this is bearish at the moment. If Price is able to defend $1270 minor support then it will likely retest $1427 resistance . However, if Price breaks down below $1270 minor support, it will likely retest $1k psychological support . Mental Stop Loss: (two consecutive closes below) $1269.54.
COINBASE:ETHUSD
by dailytaguy
ETH Daily TA Neutral BullishETHUSD daily guidance is neutral with a bullish bias. Recommended ratio: 51% ETH, 49% Cash. * BOUNCE WATCH. Cryptos, Equities, Futures, DXY, US Treasuries, Gold and Natural Gas are down while VIX, GBPUSD, EURUSD, Oil, and Agriculture are up. The final US Q2 GDP revision came in at -0.6% compared to -1.6% in Q1 , this is largely due to to a boost in exports and returning consumer spending in the service industry (travel being the leader). Key Upcoming Dates: August US PCE price index at 830am EST 09/30; S&P US September Manufacturing PMI at 945am EST 10/03; September Employment Situation at 830am EST 10/07.* Price is currently continuing to trade sideways at ~$1300 as it aims to defend $1270 minor support for the fifth consecutive session, the next resistance is at ~$1427. Volume is currently Moderate (high) and on track to favor sellers in today's session; it has been alternating between buyer and seller dominance for the past five sessions which is indicative of a critical supply/demand zone (VP) and/or consolidation. Parabolic SAR flips bullish at $1403, this margin is mildly bullish at the moment. RSI is currently trending down at 40 as it approaches a test of the uptrend line from November 2018 at 38 as support and 36.91 support below that. Stochastic is currently bullish and trending up at 77 as it approaches 80.69 resistance. MACD remains bearish and is currently on the verge of crossing over bullish at -73, if it can push to -72 then it would confirm a bullish crossover. ADX is currently slightly trending up at 33 and is beginning to form a soft peak as Price attempts to hold $1270 minor support. If Price is able to keep pushing higher then it will likely retest $1427 resistance . However, if Price breaks down here, it will likely retest $1270 minor support before potentially retesting $1k psychological support. Mental Stop Loss: (one close below) $1270.
COINBASE:ETHUSD
by dailytaguy
#Ethereum Drops, will ETH Prices hold above $1.23k?Past Performance of Ethereum Ethereum gains of September 27 were quickly wiped by the close of yesterday’s bar. Thus far, price action tilts to favor bears from mid this month. The odds of ETH prices caving in further and registering new monthly lows are elevated reading from candlestick arrangement in the daily chart. #Ethereum Technical Analysis Sellers have the upper hand at spot rates, building on gains early last week. From a top-down analysis, bears are stronger and continue to reign. Therefore, for buyers to succeed and ETH to turn the corner, traders should reject attempts to push prices lower, sustaining prices above last week's lows at around $1.23k. Accordingly, in light of this current development, conservative traders can wait for a clean break above $1.5k or $1.23k before initiating traders. If sellers emerge on top, losses below $1.23k would see ETH meltdown towards $1.1k and even $1k in the short term. What to Expect from #ETH? The downward momentum is strong and sellers are firm. The Reversal of September 27 is enough evidence of their grip on price action. With selling pressure of yesterday spilling over to early Asian session, it is highly likely that ETH may slip to print new September lows in a bear trend continuation formation. Resistance level to watch out for: $1.5k Support level to watch out for: $1.23k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
1
Ethereum ( ETHUSDT ) forecast and idea.Hi crypto traders! My view for Ethereum is, With or Without correction, we have a bullish trend. ------------------------------ ✅ ✅ 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, and ask any questions about chart analysis. Thanks for your attention
Long
by Arash-RK
We expect growth in the coming days ETHEREUM ETH priceAlmost two weeks have passed since the transition of the Ethereum from POW to POS What did we get? Movement along the red route from our previous idea, as well as: - reduction of mining of new coins by -86-90% - falling ETH price A little illogically. The prospect of a decrease in the supply of Ether on the market should have provoked a strong increase in the ETHUSD price It is possible that the trading strategy of large deposits is currently being restructured, taking into account the new minting data of new ETH. And in the future the ETHUSDT price will resume its growth. However, the truth will be that the launch of the MERGE coincided with, how we hope, "final fall" of the crypto market in 2022. And while the BTCUSDT price was close to updating the minimum of 2022, the ETH price stopped at 27% above the June minimum. Ok, in the coming days, we expect the ETHUSDT price to rise to $1575 . There is a crossing of several critical levels, so a correction from there will be very likely. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
14
ETHEREUM: SYMMETRICAL TRIANGLE BREAKOUTHello traders, here's a quick update and trade setup on ETH in an hourly candle. We can clearly see a nice symmetrical triangle breakout in ETH which looks good. Scalping ETH with a target close to $1400 will be a good call. Breaking down below $1290 will invalidate the trade setup. Should you consider taking this trade? Well, that's up to you and your research. If you find it convincing and are willing to take risks then you can jump in with a tight SL. Note: This is a scalping trade setup. Do not consider this financial advice or a long-term trade setup. All the best.
Long
by Dexter_The_Trader
7
ETH Daily TA Cautiously BearishETHUSD Daily guidance is cautiously bearish. Recommended ratio: 10% ETH, 90% Cash. * SUNDAY SCARIES WATCH . This is one of those rare occasions where FA alone can essentially tell you that Equities and Cryptos are both going to continue seeing selling pressure as long as DXY keeps raging higher. As long as the Fed keeps raising rates and Russia keeps raising reinforcements, this shouldn't be too difficult. DXY looks poised to retest $120 for the first time since 2000-2002 (Dot-Com bubble peaked in 2000). Key Upcoming Dates: September US Consumer Confidence Index at 10am EST 09/27; August US New-Home Sales at 10am EST 09/27; Final US Q2 GDP revision at 830am EST 09/29; August US PCE price index at 830am EST 09/30.* Price is currently attempting to continue trending up after bouncing off of $1270 minor support, the next resistance is at $1427. Volume is currently Moderate (low) and on track to favor buyers for a third consecutive session. Parabolic SAR flips bullish at $1485, this margin is neutral at the moment. RSI is currently trending up slightly at 39 as it attempts to reclaim support of the uptrend line from November 2018 at 38 after bouncing from the uptrend line from January 2022 at ~32 as support; if it can stay above 38 it would imply that Price may have found a near-term bottom. Stochastic remains bullish and is currently testing 17.81 resistance with no signs of peak formation. MACD remains bearish and is currently testing -46.46 support as it continues to form a trough. ADX is currently trending up at 29 as Price continues to fall, this is bearish. If Price is able to continue going up here then it will likely retest $1427 resistance . However, if Price breaks down here it will likely retest $1270 minor support before potentially falling to retest $1k psychological support . Mental Stop Loss: (two consecutive closes above) $1427.
COINBASE:ETHUSD
by dailytaguy
ETH Daily TA Cautiously BearishETHUSD Daily guidance is cautiously bearish. Recommended ratio: 20% ETH, 80% Cash. * The Fed announced a 75bps FFR hike today, and so starting tomorrow the FFR target range will be 3%-3.25% . Cryptos initially rallied on the announcement and are now down while Stocks continued to plummet. Equity Futures and EURUSD are down while VIX and DXY are up; Commodities and US Treasuries remain mixed. Interestingly, looking at the Fed dot plot, twelve of nineteen Fed Presidents and Governors think that FFR should be between 4.5% and 5% at some point in 2023 . Meanwhile, today Putin announced a 'partial mobilization' of 300k Russian military reservists in an escalation of Russia's attack on Ukraine . Key Upcoming Dates: S&P US September Manufacturing PMI at 945am EST 09/23; September Consumer Confidence Index at 10am EST 09/27; August US New-Home Sales at 10am EST 09/27; Final US Q2 GDP revision at 830am EST 09/29; August PCE price index at 830am EST 09/30.* Price is currently trending down at ~$1250 as it breaks away from any hope of hanging on to $1427 support. Volume is High (moderate) and on track to favor sellers for a second consecutive session. Parabolic SAR flips bullish at $1620, this margin is bullish at the moment. RSI is currently trending down at 33 as it quickly approaches a retest of the uptrend line from 01/22/22 at ~31 as support. Stochastic is currently neutral trending sideways at 5 for the fourth consecutive session, the next support is max bottom. MACD remains bearish at -79 as it approaches a test of -46 support for the first time since May 2022. ADX is currently trending up at 24 with no signs of peak formation as Price continues to fall, this is bearish. If Price is able to bounce here then it will likely retest $1427 resistance . However, if Price continues to fall here then it will likely retest $1k psychological support before potentially testing $776 support for the first time since January 2021. Mental Stop Loss: (two consecutive closes above) $1427.
COINBASE:ETHUSD
by dailytaguy
2