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.
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Ethereumanalysis
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.
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.
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) $1427.
ETH major descending triangle ETH / USDT
ETH is forming a giant descending triangle and right now Price is testing important key zone of 1300-1250$
What Next ?
1- if bears break 1200$ it’s likely to continue the dump to 1000$-800$ levels and there we have a chance for a double bottom
2- if bulls save current key level .. we will have another minor pump to test 1600$ (major trendline resistance) Before dumping again
Important Note : there is no real bull rally below the major trendline (violet color in my chart ) any thing below it is a bear’s territory
ETH Daily TA BearishETHUSD Daily guidance is bearish. Recommended ratio: 5% ETH, 95% Cash.
*Cryptos are experiencing a Sunday Scaries sell-off to end the week as Equity Futures are down to start the week. This is all likely in anticipation for what is expected to be a volatile week with US Building Permits and Housing Starts data coming in before the Federal Reserve announces what is expected to either be a 75bp or 100bp FFR hike on 09/21 at 2pm. Key Upcoming Dates: US August Building Permits and Housing Starts at 830am EST 09/20; 13th GDPNow US Q3 GDP estimate 09/20; FOMC meeting 09/20-09/21 (Statement Released at 2pm EST on 09/21); S&P US September Manufacturing PMI at 945am EST 09/23.*
Price is currently trending down at ~$1300 after breaking below $1427 support in yesterday's session, the next support (psychological) is at ~$1k. Volume was High in yesterday's session and is on track to favor sellers for a second consecutive session if it closes today in the red. Parabolic SAR flips bullish at $1695. RSI is currently trending down at 33 after breaking below the uptrend line from November 2018 at 37 as support, the next support is the uptrend line from 01/22/22 at ~32. Stochastic remains bearish and is currently attempting to crossover bullish at 5 as it approaches a potential test of max bottom. MACD remains bearish and is currently trending down at -61 but is still technically testing -46 minor support; the next support is at -91. ADX is currently trending up at 20 as Price is breaking down, this is mildly bearish at the moment; should ADX climb above 25 AND Price continue lower, this would be very bearish.
If Price is able to bounce here then it will likely test $1427 as resistance . However, if Price continues to break down then it will likely retest $1k psychological support . Mental Stop Loss: (two consecutive closes above) $1427.
Ethereum Is Rejected | Now Watch out For Inverse H & SHi friends hope you are well and welcome to the new update on the Ethereum coin.
Big wedge formation:
On the weekly time frame Ethereum has entered a very big falling wedge pattern.
Priceline found the support of this pattern in the month of September 2021 then got 1st rejection by the resistance of this pattern in the month of November 2021, then again drop down at the support in the month of January 2022 and rejected by the resistance in the month of April 2022, finally, the priceline again dropped at the support of this wedge in the month of June 2022. Then Ethereum started another rally from June to August 2022 and after the rejection of August there was a price correction, and recently the price has again reached resistance but it is likely to be rejected once again. One thing is for sure, in order to start a big bull run Ethereum needs to breakout this huge wedge pattern.
Broke out a channel:
On a daily time frame, while moving inside the big falling wedge pattern Ethereum has also formed a down channel and already has broken out the resistance of this channel. The target for this break out is approximately at $3,500, however, so far the priceline is not able to reach the target for this break out from the channel because it has been stopped by the resistance of the bigger wedge pattern.
Inverse Head & Shoulder:
On the daily time frame, Ethereum has also formed an Inverse Head & Shoulder pattern. The right shoulder can work as strong support which is at $1400. If this support will be broken down then there can be a big drop expected up to the long-term support of $880 and there is also the support of wedge as well.
Conclusion:
In the short term, the priceline is testing very critical support of the right shoulder of the Inverse Head & Shoulder pattern. If this support will be broken down then price can drop to test the support of the falling wedge pattern and the long-term support of $880, however, in the long term, Ethereum has formed a very big bullish biased falling wedge pattern, and eventually, the priceline can break out the resistance of this wedge. Once Ethereum will be able to break out this big falling wedge pattern then the target can be the top of the wedge which will be approximately $4500.
Ethereum Options Idea for 23rd September 2022Since Ethereum has a immediate resistance level at 1580-1600 and immediate support level at 1300-1350, I thought of taking a trade in options by selling Call and Put at 1580 and 1350 levels respectively for an expiry on 23rd September.
I would keep a close eye on the FOMC meeting on the 21st, If i manage to get enough premium before the FOMC meeting, then I might as well cut my position.
Note: Options can be used when Ethereum is not moving in either direction.
Ethereum and The correction up to the MA 100 🧐After the drop in last week, we have the price correction up to the MA 100 range.
We also see in the pitchfork that an uptrend channel has been created.
⭐⭐ Keep in mind, that the downtrend in the main major channel is not over yet, and there is a possibility of falling again at any moment.
⭐⭐ for now, the buy trade should be done with caution.
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✅ ✅ 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.
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✅ 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
Ethereum Forecast & Idea✅ Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on trading-view, And only a few of these analyzes are my actual trades. I hope Traders consider I am not responsible for your trades and investment decision.
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✅ 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.
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Ethereum: Support and Resistance Lines and AreasHello friends, today you can review the technical analysis idea on a 1W linear scale chart for Ethereum (ETHUSD).
Ethereum Merge is complete and now the price seems to be falling. I have noted all the major support and resistance lines and areas to keep an eye on. If price falls below the Support Line 2 (look in the chart), Ethereum price may have a significant fall down.
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! #cryptopickk
#Ethereum Slips despite Successful Merge, ETH Bears Target $1.4kPast Performance of Ethereum
Ethereum slumped even after a successful merge, trackers currently show. Presently, the coin is down a disappointing seven percent against a resilient greenback, confirming losses of early this week. Based on the daily chart's formation, ETH appears weak and would likely post more losses in the days ahead. As such, unless there are sharp gains above $1.8k, sellers may look to unload, selling the news with targets at $1.4k.
#Ethereum Technical Analysis
Ethereum is trickling lower despite solid fundamentals. At press time, ETH is below the middle BB as buyers struggle to soak in the strong selling waves set in motion on September 13. Per the formation in the daily chart, traders may look to unload with sights at $1.4k. On the other hand, Conservative traders may wait until there is a clear sell signal below the August 29 lows. In that case, there could be more entries to liquidate in a bear trend continuation with targets at $1.1k, the 78.6 percent Fibonacci retracement level of the June to August 2022 trade range. This preview will only change once there is an encouraging rally above $1.8k at the back of high trading volumes reversing losses of the second week of September.
What to Expect from #ETH?
Fundamentally could likely prop ETH prices in the short to medium term. However, sellers are in charge at present, and ETH may slide in a bear trend continuation pattern back to critical Fibonacci retracement levels, especially if $1.4k fails.
Resistance level to watch out for: $1.8k
Support level to watch out for: $1.4k
Disclaimer: Opinions expressed are not investment advice. Do your research.
ETH Daily TA Cautiously BearishETHUSD Daily guidance is cautiously bearish. Recommended ratio: 25% ETH, 75% Cash.
*After a successful Merge, Ethereum is now a Proof of Stake network... and in classic Crypto fashion, it appears to be going through a "Buy the Rumor, Sell the News" cycle. Cryptos, Equities, Futures, Commodities and the VIX are down while the Euro, US Treasuries and DXY are up on the day. US August Retail Sales were up 0.3% compared to consensus estimates of 0.1% and July's -0.4% reading. This higher than expected reading on US Retail Sales paired with a higher CPI will likely influence the Fed to stick to their 'beyond-neutral' commitment to getting inflation down by raising FFR by 75bps or even 100bps on 09/21. The 12th GDPNow US Q3 GDP estimate is now 0.5% compared to 1.3% on 09/09/22 . Key Upcoming Dates: UofM Consumer Sentiment Index at 10am EST 09/16; US August Building Permits and Housing Starts at 830am EST 09/20; FOMC meeting 09/20-09/21 (Statement Released at 2pm EST on 09/21); S&P US September Manufacturing PMI at 945am EST 09/23.*
Price is currently trending down at ~$1500 as it breaks below the uptrend line from 06/18/22 at ~$1640, the next support is at $1427. Volume is currently High (low) and is on track to favor sellers in today's session, if it does it would make four of the past five session dominated by sellers. Parabolic SAR flips bullish at $1785, this margin is neutral at the moment. RSI is currently trending down at 42 after being rejected by the upper trendline of the Symmetrical Triangle from February 2020 at 55 resistance, the next support is the lower trendline of the Symmetrical Triangle at 37 support. Stochastic remains bearish and is currently trending down at 10 but is still technically testing 18 support. MACD is currently crossing over bearish at 3.5 after being rejected by 28 resistance, the next support is at -46. ADX is currently trending up slightly at 16 as Price falls, this is mildly bearish at the moment.
If Price is able to bounce here then it will likely retest the uptrend line from 06/18/22 as resistance between ~$1600 and $1711 minor resistance . However, if Price continues to fall, it will likely formally retest $1427 support . Mental Stop Loss: (two consecutive closes above) $1600.
Ethereum forecast Update 🧐🌸 Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on trading-view, And only a few of these analyzes are my actual trades. I hope Traders consider I am not responsible for your trades and investment decision.
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🌸 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.
Thanks for your attention
ETHUSDT 4h ETH Merge countdown, where price will go ?Taking into account the information hype surrounding the Ethereum Merges transition from PoW to PoS in 16 hours it is difficult to predict where the ETHUSDT price will start to move after the transition.
It is predicted that the annual emission of ETH will amount to only 0.3%, and a significant decrease in the market supply affects the growth of the price according to the laws of economics.
On the other hand, we have the original, historically 1st created Ethereum Classic, to which miners are increasingly switching. Investors' attention may switch from ETH to ETC, because the hashrate has grown by more than 500% since the beginning of the year, and the ETCUSDT price has increased 3 times in just 3 months, and this is in the current sluggish market.
For us, two options are likely, which we have shown on the chart, we can only wait and watch.
And to make this time pass more productively, we are announcing a contest:
In the comments under the idea, share your graphs with an analysis of where the ETHUSDT price will go in the near future.
The contest will end in an hour before The Merge (we marked it on the chart)
In addition to gratitude and likes from Tradingview users, you will from us:
1st place - 300 coins
2nd place - 200 coins
3rd place - 100 coins
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
ETHEREUM: REJECTION FROM THE RESISTANCE!!!Hello traders, I hope your weekend was good. We are back again after the weekly close and things are still not taking a positive turn. Here's a quick update on Ethereum in a lower timeframe.
Timeframe: 4 hours.
Update: ETH gradually started pushing up after the sudden drop (from $1687 to 1487) on the 6th & 7th of September 2022. This pullback went from $1487 to $1789 almost a 20% rally. Currently, ETH is getting rejected from the resistance level of $1780. So far, the 21 MA is trying to hold the price at $1725.
Things are pretty easy and simple to understand here.
Point 1: If the 21 MA manages to hold the price, ETH will still need to break through the $1780 resistance.
Point 2: Breaking down below the 21 MA will drop the price back to the lower support level which is at the $1560 area.
Conclusion: I am not going long on ETH right now rather shorting (scalping) will be a good option. This is my personal opinion and not financial advice. Make sure you invest after doing your own research.
I hope this idea is helpful for you. Thank you for supporting me.
God bless and trade safely.
ETH getting readyHello everyone, I mainly updated you on BTC lately.
So here is a quick update on ETH the prince.
With the merge coming eth has now painted a very well-known pattern. We can see we have now almost fully formed a Cup and Handle pattern. Although this pattern is more often than not a continuation pattern it can also be found at the tops and bottoms. We can see the volume has dried throughout the formation and we now have formed the handle. 52 ma is confirming the pattern sustaining this last push with price breaking above.
The target would be 4k+.
I will wait for the breakout before entering and will use strict stop losses rules.
We are close to a possible bottom for Crypto...get ready either way.
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ETH Daily TA Cautiously BullishETHUSD Daily cautiously bullish. Recommended ratio: 70% ETH, 30% Cash.
* CPI WATCH . The Merge is currently scheduled to launch on Ethereum's Mainnet on 09/14/22 at ~9:40pm . Cryptos, Equities, Futures, VIX, Commodities, US Treasuries and the Euro are all slightly up while DXY is down today. All eyes are on the BLS August CPI report due tomorrow at 830am; July CPI came in lower than expectations and markets rallied, it's reasonable to infer that the same may happen if CPI comes in on par or lower than the 8.1% consensus. The 11th GDPNow Q3 US GDP estimate was 1.3% on 09/09/22 compared to 1.4% on 09/07/22, the next estimate is on 09/15/22. Microstrategy recently (09/09) filed a report disclosing a plan to sell $500m in Class A shares to reinvest it into the purchase of more Bitcoin. Key Upcoming Dates: August CPI at 830am EST 09/13 ; The Merge (Ethereum) at ~10pm EST 09/14; US August Retail Sales at 830am EST 09/15; 12th GDPNow US Q3 US GDP estimate 09/15; UofM Consumer Sentiment Index at 10am EST 09/16; FOMC meeting 09/20-09/21 (Statement Released at 2pm EST on 09/21).*
Price is currently testing $1711 minor support for the third consecutive session. Volume is currently Moderate (high) but has decreased in the past few sessions and is on track to favor sellers for a second consecutive session if it closes today in the red. Parabolic SAR flips bearish at $1528, this margin is neutral at the moment. RSI is currently trending down at 56 as it approaches a test of 55.31 support. Stochastic crossed over bearish in today's session and is currently trending down at 90 as it approaches a test of 81 support. MACD remains bullish and is currently forming a soft peak as it trends up slightly at 22 and approaches a test of 27.77 resistance. ADX is currently trending up slightly at 16 as Price continues to push higher, this is mildly bullish.
If Price is able to bounce off of $1711 minor support then the next likely target is a retest of $1941 resistance . However, if Price breaks down below $1711 minor support, it will likely retest the 50 MA at ~$1675 as support before potentially retesting the uptrend line from 06/18/22 at ~$1650 as support . Mental Stop Loss: (two consecutive closes below) $1625.
Scenario of changing the Ethereum trend !🧐After hitting the daily resistance, and also ending the trend in the daily time period, we see the price hitting the floor of the channel of the 1-hour time frame, more than 2 times.
After breaking the lower support line of the channel, a drop with price targets up to $1,500 can be expected.
In the 4-hour time frame, the bottom of the major ascending channel is in the price range of $1,550, which is the main and final target of the fall in the next 24 hours.
Then, after breaking the support of the 4-hour channel, it hits at least $1,500.
The completion of this scenario causes a downward trend and the formation of a continuation of the long-term downward trend in the daily charts.
To enter a sell trade, the best area is below the lowest price in the 1-hour and 2-hour candles in the past 6 hours, around $1707
And keep in mind that Bitcoin price uses the same scenario to drop the price, which causes the coins to drop more.
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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.
Thanks for your attention
ETH Daily TA Cautiously BullishETH Daily cautiously bullish. Recommended ratio: 65% ETH, 35% Cash.
* The Merge is set to launch on Ethereum's Mainnet at around 6pm on 09/14/22 . With the ECB raising central bank rates by 75bps and committing to more rate hikes in the near term, FFR futures traders are still betting on a 75bps rate hike by the Fed on 09/21. St. Louis Fed President James Bullard said today that he's leaning more strongly into a 75bps rate hike at the next FOMC meeting and that money markets are underestimating prolonged higher rates in 2023. Fed Governor Christopher Waller mentioned today that fears of a recession in Q1 and Q2 have faded and that the economy can support more significant rate hikes . Key Upcoming Dates: August CPI at 830am EST 09/13; The Merge (Ethereum) at ~6pm EST 09/14; FOMC meeting 09/20-09/21 (Statement Released at 2pm EST on 09/21).*
Price is currently trending up at $1737 and is still technically testing $1711 minor resistance. Volume is on track to both be High and favor buyers for a fourth consecutive session if it can close today's session a bit higher and in the green. Parabolic SAR flips bearish at $1476, this margin is mildly bearish at the moment. RSI is currently trending up slightly at 58 and is still technically testing the descending trendline from February 2020 and 55.31 resistance. Stochastic remains bullish and is currently testing max top. MACD remains bullish and is currently trending up at 6 as it approaches 27.77 resistance. ADX is currently trending sideways at 14 as Price is pushing higher, this is neutral at the moment.
If Price is able to turn $1711 minor resistance to support, the next likely target is a retest of $1941 resistance . However, if Price breaks back down below $1711 minor resistance, it will likely retest the 50 MA at ~$1667 as support . Mental Stop Loss: (one close below) $1660.