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Ethereum Daily ForecastEthereum, alongside Bitcoin and Dogecoin, is one of those cryptocurrencies that are well-known even outside of the crypto community. And it is for a good reason — Ethereum is one of the most feature-rich and interesting blockchains out there. Ethereum ETH/USD ends the trading week at 1623 and continues to move within the correction and bullish channel. Moving averages indicate a bullish trend for ETH/USD. Prices have broken through the area between the signal lines downwards, which indicates pressure from cryptocurrency sellers and a potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop a price fall and a test of the support level near the 1505 area. From where we can again expect a rebound upward and continued growth in the rate and value of Ethereum with a potential target above the level of 2235. Technically: Stabilzing above 1665 will support rising to get 1721 and above it 1865 But, now the price will move depending on the parallel channel, So as long as the price trades inside the channel it means has a abearish trend to reach 1543 adn under it 1447 timefrmae daily
BITSTAMP:ETHUSD
by ElenaMayi
Ethereum Bulls to Target $2,100 on Easing Recession Fears Cryptocurrencies have also been seen by some investors as a speculative hedge against inflation and the Fed's plans to curb inflation could weigh on the broader cryptocurrency sector. On Friday, ETH joined the broader crypto market in a bullish session, gaining 6.28% to end the day at $1,996. US economic indicators and staking statistics supported an ETH return to $2,000. However, the technical indicators remained bullish, signaling a return to $2,100. BIAS SHORT- and MIDTERM BULLISH Stong Supports 1594 D-POC AND 1034 NEXT WEEK IS IMPORTANT A PULLBACK TO 1034 WITH LOW VOLUME MEANS THE BULLS WILL DISTIBUTE THEIR POSITIONS AND MOBILIZE TO ATTACK THE BEARS VERY AGRESSIVELY A PULL BACK WITH HIGH FAT THICK LONG VOLUME MEANS BEARS GONNA TAKE FULL CONTROL OF THE MARKET AND SEND ETHEREUM TO THE DEEPEST LEVELS POSSIBLE LOSING OF 1034 MEANS CRYSTAL CLEAR ABSOLUTE BEAISH TREND ON THE SAME TIME THIS ZONE IS A LOW VOLUME AREA: IF VOLUME IS INCREASING IN THIS AREA AND THE BULLS DO NOT ANSWER AGGRESSIVELY AND QUICK, we will ceate a midtem sideways and consolidating area: WHAT DOES THAT MEAN? WELL THE BULLS TRY TO TAKE PARTIAL POFITS OR COMPENSATE THEI LOSSES WHILE SELLERS AND BEARS WILL ACCUMULTAE MORE CAPITAL AND LIQUIDITY TO PRESS DOWN THE COIN THEN 1034 WILL BECOME THE FIST BUT VERY STRONG RESISTANCE! MY 8Q STRATGY: 6Qs ae bullish 2Qs neutral: bUT THE MOST IMPORTANT AND LAT CONFIRMATION IS BEARISH I CALL THIS BULL/BEAR TRAP DESTROYER!!! AND SEE YOURSELF THE PAST RESULTS!!!! AMAZING HUH? WELL UNTIL THIS LAST CONFIRMATION IS RED I TRADE THE BEARISH SETUP: GOING SHOT NEAR OF THE HIGH AND PUTTING A VERY TIGHT STOP AT AROUND 2180USD! WHY? BECAUSE THE 2093 THE CONFLUENCE WEDGE LINE IS VERY IMPORTANT TRIGGER THAT ALMOST WORKS AS SUPPORT AND RESISTANCE! BREAKING ABOVE 2096+ pullback and holding above this area+ High volume means BULLISH SET UP. Better: Use divergence if pullback (SEEL PULLBACK SCENARIO in PINK) You must have highe highs and higher lows and then take the move after the 2nd HH and HL Stop. I give more rooms to trae and try to myake it very difficult for the maket to hit me. You Stop. DEPENDS ON YOU RISK AVERSION ;CAPITAL SIZE;ACCOUNT SIZE;LOT SIZE But I recommand ALWAYS TO WORK WITH STOPS !!!ALWAYS!!! AS PROTECTION YOUR CAPITAL IS THE MOST IMPORTANT LAW AND RULE OF SUCCESSFULL TRADING!!!! EVER!NEVER! A mixed start to the day saw ETH slip to an early low of $1,876. Steering clear of the First Major Support Level (S1) at $1,858, ETH rallied to a late afternoon high of $2,000. ETH broke through the Major Resistance Levels to end the day at $1,996. US Jobs Report Eased Recession Jitters but Leave Fed Rate Hikes Subdued It was a busy Friday session for the global financial markets. The all-important US Jobs Report drew interest ahead of next week’s US CPI Report. Nonfarm payrolls jumped by 253k in April versus a forecasted 180k increase. In March, nonfarm payrolls rose by 165k. Significantly, average hourly earnings were up 4.4% year-over-year versus 4.3% in March. Economists forecast average hourly earnings to increase by 4.2%. As a result of the better-than-expected NFP number, the US unemployment rate fell from 3.5% to 3.4%. Economists forecast the unemployment rate to rise to 3.6%. The Jobs Report eased recessionary fears, supporting riskier assets. However, market bets on a 25-basis point Fed interest rate hike in June remained subdued. According to the CME FedWatch Tool, the probability of a 25-basis point June interest rate hike rose from 0.0% to 8.5%. The Jobs Report did wipe out bets of a June rate cut, with the chances of a rate cut falling from 9.2% to 0.0%. While the combination of easing recessionary fears and subdued bets of another Fed rate hike delivered support, sentiment could change on Wednesday. The US CPI Report has to show softer inflation to keep the Fed hawks silent.
CAPITALCOM:ETHUSDLong
by DaveBrascoFX
7
ETHEREUM long BUlls are very strong focus on 4200$2900 3500 4200 This are prices I am forecasting Ethereum going to.So I baought again this pair. Ethereum price prediction, the value of Ethereum is predicted to drop by -3.87% and reach $ 1,880.69 by July 8, 2023. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 62 (Greed). Ethereum recorded 15/30 (50%) green days with 4.17% price volatility over the last 30 days. Based on our Ethereum forecast, it's now a good time to buy Ethereum. The bullish sentiment is 83%. Comparing Ethereum against other important technological innovations and trends is one way of predicting where the Ethereum price could head over the long term. The table above shows what the Ethereum price would be by end of year 2024, 2025, and 2026 if its growth trajectory followed the growth of the internet, or large tech companies like Google and Facebook in their growth phase. In the best case scenario, ETH price prediction for year 2026 is $ 40,444 if it follows Facebook growth. In case Ethereum would follow Internet growth the prediction for 2026 would be $ 4,639.59. Ethereum is currently trading above the 200-day simple moving average (SMA). The 200-day SMA has been signaling BUY for the last 18 days, since Jun 15, 2023. The price of Ethereum is currently above the 50-day SMA and this indicator has been signaling BUY for the last 12 days, since Jun 21, 2023. The most recent Death Cross in the Bitcoin market happened 524 days ago, on Jan 25, 2022. Meanwhile, a Golden Cross last occurred on Feb 09, 2023, which was 144 days ago. Based on our technical indicators, Ethereum's 200-day SMA will rise in the next month and will hit $ 1,755.37 by Aug 02, 2023. Ethereum's short-term 50-Day SMA is estimated to hit $ 1,819.72 by Aug 02, 2023. The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 61.22, which indicates that the ETH market is in a neutral position. Based on today's classical pivot point (P1) with the value of $ 1,925.80, Ethereum has support levels of $ 1,899.83, $ 1,867.43, and the strongest at $ 1,841.46. Similarly, Ethereum resistance levels are at $ 1,958.21, $ 1,984.17, and $ 2,016.58.. Over the past 7 days, Ethereum price was most positively correlated with the price of Maker (MKR), Binance Coin (BNB), EOS (EOS), Litecoin (LTC) and Cardano (ADA) and most negatively correlated with the price of Bitcoin (BTC), Bitcoin (BTC), XRP (XRP), Stellar (XLM) and Bitcoin (BTC). Ethereum Price Forecast Date Price Change Jul 4, 2023 $ 1,948.76 -0.39% Jul 5, 2023 $ 1,928.34 -1.44% Jul 6, 2023 $ 1,865.91 -4.63% Jul 7, 2023 $ 1,935.40 -1.08% Jul 8, 2023 $ 1,880.69 -3.87% Jul 9, 2023 $ 1,879.69 -3.92% Jul 10, 2023 $ 1,793.13 -8.35% Jul 11, 2023 $ 1,794.39 -8.28% Jul 12, 2023 $ 1,777.81 -9.13% Jul 13, 2023 $ 1,789.45 -8.54% Jul 14, 2023 $ 1,776.89 -9.18% Jul 15, 2023 $ 1,684.64 -13.89% Jul 16, 2023 $ 1,693.23 -13.45% Jul 17, 2023 $ 1,769.47 -9.56% Jul 18, 2023 $ 1,745.67 -10.77% Jul 19, 2023 $ 1,742.69 -10.92% Jul 20, 2023 $ 1,744.43 -10.84% Jul 21, 2023 $ 1,819.37 -7.01% Jul 22, 2023 $ 1,906.42 -2.56% Jul 23, 2023 $ 1,889.61 -3.42% Jul 24, 2023 $ 1,901.97 -2.78% Jul 25, 2023 $ 1,911.03 -2.32% Jul 26, 2023 $ 1,872.39 -4.30% Jul 27, 2023 $ 1,864.44 -4.70% Jul 28, 2023 $ 1,870.72 -4.38% Jul 29, 2023 $ 1,846.92 -5.60% Jul 30, 2023 $ 1,885.36 -3.63% Jul 31, 2023 $ 1,930.49 -1.33% Aug 1, 2023 $ 1,923.82 -1.67% Aug 2, 2023 $ 1,960.07 0.19% Month Open Low-High Close Mo,% Total,% 2023 Jul 1933 1836-2478 2198 13.7% 13.7% Aug 2198 1933-2643 2470 12.4% 27.8% Sep 2470 2370-2726 2548 3.2% 31.8% Oct 2548 2374-2732 2553 0.2% 32.1% Nov 2553 2438-2804 2621 2.7% 35.6% Dec 2621 2621-3191 2982 13.8% 54.3% 2024 Jan 2982 2805-3227 3016 1.1% 56.0% Feb 3016 3016-3744 3499 16.0% 81.0% Mar 3499 3011-3499 3238 -7.5% 67.5% Apr 3238 2530-3238 2720 -16.0% 40.7% May 2720 2720-3376 3155 16.0% 63.2% Jun 3155 2508-3155 2697 -14.5% 39.5% Jul 2697 2320-2697 2495 -7.5% 29.1% Aug 2495 2495-3097 2894 16.0% 49.7% Sep 2894 2261-2894 2431 -16.0% 25.8% Oct 2431 1899-2431 2042 -16.0% 5.6% Nov 2042 1595-2042 1715 -16.0% -11.3% Dec 1715 1715-2046 1912 11.5% -1.1% 2025 Jan 1912 1912-2240 2093 9.5% 8.3% Feb 2093 1635-2093 1758 -16.0% -9.1% Mar 1758 1374-1758 1477 -16.0% -23.6% Apr 1477 1477-1742 1628 10.2% -15.8% May 1628 1628-2020 1888 16.0% -2.3% Jun 1888 1534-1888 1649 -12.7% -14.7% Jul 1649 1649-2047 1913 16.0% -1.0%
CAPITALCOM:ETHUSDLong
by DaveBrascoFX
#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