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Ethereum SHORT introducing USD smart contracts blockchainEthereum failed to recover above the $3,120 pivot zone against the US Dollar. ETH price is declining and it could extend its losses below $2,950. Ethereum struggled to recover above the $3,120 and $3,125 resistance levels. The price is now trading below $3,080 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $3,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate lower if there is a close below the $2,950 low. Ethereum Price Remains At Risk Ethereum started an upside correction from the $2,950 low, similar to bitcoin. ETH price surpassed the $3,000 and $3,050 resistance levels. There was a break above the 23.6% Fib retracement level of the key drop from the $3,280 swing high to $2,950 low. Ether even spiked above the $3,100 level, but there was no upside continuation above the $3,120 resistance level (the last key breakdown zone).The price also remained well below $3,150 and the 100 hourly simple moving average. It seems like ether was rejected near the 50% Fib retracement level of the key drop from the $3,280 swing high to $2,950 low. There is also a major bearish trend line forming with resistance near $3,150 on the hourly chart of ETH/USD. It is now moving lower and trading below the $3,000 support. On the upside, an initial resistance is near the $3,025 level. The first key resistance is now forming near the $3,080 level. The main resistance is still near the $3,120 level. A clear break and close above the $3,120 zone might start a fresh increase. In the stated scenario, the price might recover towards the $3,200 resistance. If ethereum fails to continue higher above the $3,080 and $3,120 resistance levels, it could extend its decline. An immediate support on the downside is near the $2,950 level. A downside break below the $2,950 support zone could spark a sharp decline in the near term. The next major support could be $2,880, below which the bears might aim a test of the $2,600 support zone. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 40 level. Major Support Level – $2,950 Major Resistance Level – $3,120 My name is Jarrod Cronin. I have created the USD smart contract blockchain. Ethereum is a network that came out many years ago. It is a smart contract blockchain. My United States Dollar smart contract blockchain is the fastest blockchain in the world. This Block Chain has the lowest fees in the entire world of a few cents per transaction. My blockchain will never get congested. My company is called The Magnificent Eight and I am looking for investors. The valuation of my company is at the lowest 300 million right now. My affiliate company UnstoppableDomains has created NFT domain name receive addresses on 13 TLD extensions such as .Coin, .Crypto., .Bitcoin, .X, .888, .Blockchain, .Zil, and more. With the open-source Cake Wallet from UnstoppableDomains you can currently hold Monero Bitcoin Litecoin however you'll be able to hold 275 cryptocurrencies coming soon. Also with my USD blockchain The Exchange is currently called USD.Trade that works just like Pancake Swap or Uniswap.The Binance Smart Chain blockchain is a smart contracts blockchain that is fast reliable and only costs pennies. It will stay like that and so will USD. Now is the time to get into Binance BNB. Currently I am in talks with Coin-Flip ATM to hold USD cryptocurrency in every ATM. in America. ;) I am currently developing the USD NFT protocol to integrate with the Rarible protocol. The Rarible Shared order book. So your NFT will be sold on platform A even if it's listed on platform B.
BITSTAMP:ETHUSDShort
by Henrywaters
1
BTC money flowing into ETH!!Ethereum has been showing very high strength recently pumping even while BTC falls in price, and as BTC dominance gets lower and lower the altcoins and ETH will start to really explode! we have blew past many key areas recently like the pivot point, the first level of resistance and now the 0.2 FIB level, if we can manage to hold the 0.2 FIB for daily close tonight we are looking hella hella bullish! we have been scaling up the top of the bollinger band, we could see a continuation and keep shooting up more and more, i feel like we might see a little break around this 0.2 FIB maybe just a day to build support and cooloff before flying back up. Or theres the case where we keep on moving up, looking at the wave trend we are not really even close to the sell or the top zone we still have quite some room to run up still, also we have seen before it doesn't always come down right away there is times where it hangs up in the top zone for a little bit, either way i am super bullish on ethereum especially after todays london and eip 1559 upgrade! ETH is being burned now all day everyday anytime there is an eth transaction! think about that, supply is going to start shrinking and the demand is already high and will most likely get higher and higher! Not financial advice just my opinion!
Long
by JacobR905
2
ETH BIG RUN ON THE WAY??!ETH has been performing amazing against BTC recently with a beautiful breakout of the descending triangle, also we have well passed the bullish pivot point a few days ago and we continue to hold it for the overall trend reversal. We are just beginning to take a ride up the top bollinger band with the past couple candles hugging that top band, if we continue to do this i think flying right through the 0.2 FIB is very very likely! looking at the RSI we are just about into the top overbought zone but starting to curl downwards a little bit, the only key thing we have to watch here is if we are able to continue to hold the midline or 50. point if we can continue to hold here we will be back into a confirmed uptrend! Looking at the wave trend oscillator we are looking very bullish actually we have just passed the mid point and our wave is showing no signs of slowing down, we could see a wave top even at the top of the zone before coming back down. Lots of BTC money flowing into ethereum for in my opinion the highly anticipated London hard fork upgrade and EIP 1559! Overall very bullish on ETH and DEFI right now with arguably the biggest crypto event in the world starting tomorrow (smartcon) we are likely going to see lots of good hype around ETH and DEFI in the coming weeks! Not financial advice just my opinion!
Long
by JacobR905
Ethereum could take a hit against BTCEthereum has been trading perfectly in this descending triangle and we have failed to breakout the top many times and now we could indeed be in for a fall out of the bottom of the triangle, from what it looks like there isn't a lot to worry about and this could be a potential fakeout to the downside, as we have many many supports below us this could be a tactic to get weak hands out of ethereum. We notice on the bollinger bands we are tending to go downwards towards that bottom band which can definitely be a slippery slope as if we do continue to ride the bottom band there is a high chance we will see a drop of some sort, i figure the lowest we could see due to all of the surrounding supports is about 0.05 or the 0.6 FIB level. Taking a look at the pivot points we do have support above the 0.6 FIB level but what im interested in for the longer look is that bullish pivot point, if price action can make it upto this level we will be considered in a bullish reversal which is definitely key but that'll be talked about in a later TA as this levels a little out of reach for now, hope im wrong though lmao! Now something that goes hand and hand with the bearish looking bollinger bands is the bearish looking macd where we just recently had a bearish cross, we are only 2 red bars in to this macd cycle and i doubt we will see a green bar say tomorrow, so we could be looking at a maybe 5 day bearish trend on the MACD but there is always the chance of a reversal, there isn't much separation within the MA's so we are looking pretty okay there but we need to see some bull momentum to bring that blue MA back ontop of the orange or like i said we could see a little downside here. keep in mind there is the chance of a fakeout to the downside where we could exit the bottom of the descending triangle but then shoot back up liquidating short positions and getting weak hands out of the market. Not financial advice just my opinion!
Short
by JacobR905
ETH potential 9% drop looming!Ethereum against BTC has been pretty strong wee are trending slightly down but more of sideways movement within this descending wedge. i think that we could see a little more downside here until we start heading back up, for a few different reasons the first being if you look at my last BTC TA i think we are on the verge of a pullback in price and that will definitely shake up the market a little bit. looking at the coppock curve which isnt talked about very often is pretty accurate for finding market bottoms and reversals, so we see our wave is currently halfway to the bottom point, this indicator doesn't really ever ake any jagged turns or reversals and it smoothly transitions from bearish to bullish over time, we have a little trend line going for the wave bottoms and i think we are going to catch this support again before then transitioning back upwards. We recently got a bearish cross on the MACD and we notice some further separation in the MA's right off the bat and this shows we are getting further and further away from getting that bullish cross in the next phase, our histogram aswell has just started printing a few red bars and they are slightly getting bigger each time, we want to see these bars start to level off and ultimately start to reduce in size. Looking at the bollinger bands we are in an okay spot nothing to worry about here for now, the only thing is that price action is below the midline and we usually see our candles getting held down and below this level. Not financial advice just my opinion!
Short
by JacobR905
Ethereum may fall into this area, IMPORTANT update 😮😮After updating local highs, eth failed to hold higher and then corrected by more than 10%. Ethereum is now trading at $2060, and it is likely that the price will come back to test the level noted above. At this point, I am not sure that eth will have the strength to close higher and go for a renewal of its highs. If the price returns to the area marked on the chart above and tests it as resistance, in addition to that there will be increased volumes, it is more likely that Ethereum will go lower to the marked levels. In case the price reaches the first potential target, it is best to fix part of the position! 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
Short
by Yuriy_Bishko
11
Ethereum is the best opportunity to sell in this case! 🧨🧨Ethereum after a small accumulation and liquidity gathering below $1,730 level went up. Now ETH has renewed local highs at $2040, at each peak we see an increase in volumes - not a good signal for long positions. If the price reaches a new local high at $2278 and the volumes are also high at that time, it could mean that liquidity to sell is collected and there is a high probability that the price could go down! Write in the comments all your questions and instrument analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
11
[UPDATE ETH] IT'S NOT OVER (OF COURSE): ETH TO 15K$?THIS IS WHAT I FOUND: 1) ETH 60% CRASHED AND TOUCHED THE 21 EMA AFTER 9 MONTHS. THE BOUNCED BACK WAS GREAT! HISTORICALLY BULLISH (see the charts and see 2017) 2) WE CAN SEE THREE CYCLES THAT FIT THE TREND FIBONACCI EXTENSION. ON THE PREVIOUS TWO, ETH CRASHED EXACTLY AT THE 3.6 FIB EXTENSION (CRAZY!!!). I EXPECT SOMETHING SIMILAR WITH THE NEXT ONE! 3) MY FORECAST IS ETH AT APPROX 15K$ AT THE TOP OF THIS CYCLE (END OF OCT/BEGINNING OF NOV?). THIS WOULD BE IN LINE WITH THE LOG GROWTH CURVE, A 140-160K$ BTC AND A 10% ETH/BTC (SEE RELATED IDEAS)
KRAKEN:ETHUSDLong
by Homocryptus
ETH Dominance past 20%!!!Ethereum dominance has been red hot flying upwards and we have now crossed 20% Dominance for Ethereum! We still have lots of room to run with little to no resistance stopping us from reaching that 0.7 FIB level or 22% dominance. Ethereum also is very close to having the same market cap as JPmorgan's which is insane! People are really starting to see the opportunity and potential with Ethereum. We are looking super bullish across all of our Indicators, our 50 day SMA has just crossed the 100 day SMA aswell as the 200 day a little bit ago! The ichimoku cloud is continuing to print lots of bullish support with our clouds now almost vertical. The EMA ribbons are super bullish right now exploding up with momentum and spreading out very far with no signs of slowing down! As BTC dominance falls and ETH's rises Altseason is going to get more and more explosive! NFA just my opinion! Also to my followers i'm sorry for the lack of TA on here but I run the crypto section in my investing group and am putting out lots of charts on there. If anyone is ever interested let me know and i'll hook u up, we have a free general chat so you can ask our members what they think of the group and whatever else and then you can think about upgrading from there!
CRYPTOCAP:ETH.DLong
by JacobR905
1