Get started

Ethereumforecast

Ethereum - Are the bears fighting back?What's up, traders! In today's breakdown, we're taking a look at some possible scenarios for Ethereum in the coming days/weeks. Let's dive right in... Ticker: ETHUSDT Date: 04/23/23 Timeframe: 1H Supply: 1920-1950 (1st red zone), 2040-2065 (2nd red zone) Demand: 1820-1850 (1st green zone), 1685-1720 (2nd green zone) Other key levels: 1880-1890 (grey zone) Commentary: Ethereum has satisfied the Bearish Scenario 1 from our analysis on 04/19/23. We noted how volume was accumulating on the downside and mentioned that a break and retest for further downside would be a great short play which did end up playing out. We have now held demand at ~1820-1850 and continue to respect the key zone ~1880-1890 as supply at the moment. This is a channel that was respected a couple weeks ago for a few days after which we rallied into the highs of ~2150. There are a few trades we could target from here: ✅ Bullish Scenario 1: you want to see price hold this ~1820-1850 demand, find strength to move upwards and possibly give us a retest of this demand zone for a possible move back into supply around ~1920-1950. This is potentially a scalp setup. ✅ Bullish Scenario 2: you want to see price hold this ~1820-1850 demand, find strength to break the key level of ~1880-1890 and possibly give us a retest of this key zone for a possible move back into supply around ~1920-1950. This will also be a potential scalp setup. ✅ Bullish Scenario 3: you want to see price rally and break supply at ~1920-1950, pull back into it and hold to turn it into demand and possibly rallying back into ~2040-2065, our next supply zone. Day or swing trade setup. 🟥 Bearish Scenario 1: you want to see price approach supply at ~1920-1950, sellers starting to accumulate and possibly catch a break and retest of this supply zone into demand at ~1820-1850 again. This will be the safer downside play - potentially a scalp. 🟥 Bearish Scenario 2: you want to see price break this ~1820-1850 demand, pull back into it and resist to turn it into supply, and find weakness again to possibly move into late March lows around ~1770 or ~1720. Day or swing trade setup.
by QuantVue
6
Ethereum -> Just A Classic ShakeoutHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Ethereum already broke above a major previous weekly support/resistance area at the HKEX:1900 level. You can also see that as we are speaking, Ethereum is retesting this previous resistance which is now turned support, market structure is still bullish and we already created the bottom of the bear market in my opinion, so I simply do expect more continuation towards the upside from the current levels. On the daily timeframe you can see that Ethereum is also retesting previous daily support/resistance which could act as support so I am just waiting for some more bullish rejection inside of this area and then I do expect a next rally towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
BITSTAMP:ETHUSDLong
by basictradingtv
41
Ethereum Long Term AnalysisSince we are coming to the end of February in 4 days, I felt the need to do this analysis. I think the critical level for Ethereum in the monthly timeframe is $1828. This is because the moving average is at that level. I think that Ethereum, which has always followed this moving average in history, will follow this moving average again this time. The monthly close of Ethereum above this level may also mean the beginning of the bull market. For this reason, it seems that for those who have not bought Ethereum yet or for investors who want to lower their risks as much as they can, following this level and buying when a monthly closing is made will minimize the risks. A second scenario will occur if Ethereum is rejected at this level. If Ethereum is rejected from this level, the support levels of the Fibonacci retracement will be seen. The target for the bear scenario will be $771 if there is no return from $1177 first and then $771. I don't think there will be more of a bear scenario for cryptos in this situation. I would also like to say that when the moving average is broken, I will personally add to the Ethereums in my pocket.
by YavuzAkbay
📈ETH analysis above 1900 level📉BINANCE:ETHUSDT COINBASE:ETHUSD Hey everyone, first take a look at my previous analysis and positions. As previously analyzed, Ethereum continued its upward trend and reached above the HKEX:1903 level. In order to continue the upward trend, Ethereum needs to stay above 1850. Don't forget to risk-free your position. Consider the impact of the Shanghai update. Please share ideas and leave a comment, let me know what's your idea. CrazyS✌
Long
by CrazyS
2
Ethereum -> This Is ItHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Ethereum is actually breaking above a major previous weekly structure area exactly at the psychological HKEX:2000 area. You can also see that weekly market structure is massively bullish, in my opinion the bottom of the bear market was already created so I am now just waiting for a retest of the previous HKEX:2000 resistance and then I simply do expect more continuation towards the upside. On the daily timeframe you can see that Ethereum is up about 10% just the past two days, so I am also on the daily now just waiting for a retest of the previous HKEX:2000 resistance which is then turned support and then I also do expect more continuation towards the upside from a daily perspective. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
BITSTAMP:ETHUSDLong
by basictradingtv
34
Ethereum - Altseason 🚀 First Stop $2000Hi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Over the past few weeks, I've noticed that fractals from early bull markets during 2018 and 2021 are repeating across the charts. I've made a few updates on charts that have been following similar charts patterns. On Ethereum , I have observe similar price behavior around the current resistance zone a few weeks ago and so far, this fractal is playing out perfectly. If we consider a chart fractal from February 2021, we can expect ETHUSDT to head towards $2000 as soon as BTC takes a breather. Fractals can be very useful to determine how the price might react on certain price levels judging by historic events. The current immediate resistance zone will be defended by the bears / sellers / suppliers, but if we can see a weekly candle close ABOVE this supply zone , the next logical stop is $2000 and beyond. Make sure you have a solid trading plan in place to buy the support zone and sell on the resistance zone . And remember... Don't be a Bob-Trader: The continues market cycle between Bitcoin and altcoins can clearly be seen at the moment. It goes something like this: 🤩 Bitcoin goes UP ... Bob Fomo buys the rally 🤔 Bitcoin corrects ... Bob panics and sells 🤑 Altcoin rallies ... Bob thinks, screw BTC , I'm going all in on this altcoin 😨 Altcoins correct ... Bob panics. Altcoins are scams! Sells everything 🤩 Bitcoin goes up .... Bob Fomo buys the rally Moral of the story...Don't be like Bob. Don't try to FOMO in whilst the price is going up. Plan your trade, preset your TP and SL and keep in mind that there is a constant rotation between BTC and altcoins. While you're here 👀 Have you heard about the SVB saga? More info here: _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
55
Ethereum Breakout Consolidation. What's Next?!Hello @TradingView traders! This is @Vestinda ETHUSD price analysis. Last week in crypto was good in terms of inflows; the overall market cap surpassed 1.2T. Ethereum, meanwhile, had a little breakthrough from $1700 and now appears to have room to increase to $2000 after an Adam & Eve pattern developed. A brief Explanation of the Adam and Eve Pattern The Adam pattern is characterized by a sudden downward price movement, a gradual leveling out, and a little upward price movement. On the graph, this results in a "V" form, with the first drop resembling the letter "A." The Eve pattern forms a rounded bottom with a progressive upward movement that mimics the letter "U." The Adam & Eve pattern, which results from the combination of these two patterns, can indicate a possible shift in the direction of the asset's price trend. Before making a trading choice, traders may use other technical indicators to corroborate the pattern. It's crucial to keep in mind that technical analysis, which includes chart patterns like the Adam & Eve pattern, is just one instrument used in trading and ought to be used in conjunction with other types of analysis, like fundamental analysis and market news. 🚨🚨🚨So here is the fundamentals for Ethereum: The Ethereum Shanghai upgrade is almost complete and scheduled to roll out on April 12, 2023. This update will allow for the withdrawal of staked ETH on the Beacon chain. The core developers approved the deadline with epoch 620, 9536 in an Execution layer meeting, and the lead developer, Tim Beiko, confirmed the launch through his tweet. In addition to enabling withdrawals from the Beacon chain, the Shanghai upgrade includes five other improvements. In December 2020, validators were required to stake 32 ETH on the ETH 2.0 smart contract to activate the Beacon chain. Since then, validators have continued to stake, with the smart contract now holding over 17.6 million ETH, valued at nearly $30 billion. This has raised concerns of a massive sell-off. After the successful merge of the Beacon chain with the Mainnet, the network's roadmap includes Surge, Verge, Purge, and Splurge. Developers have conducted numerous tests to ensure the proper functioning of staked ETH withdrawals since the merge. All tests were deployed on Ethereum testnets to ensure a smooth run, with the last one, Goerli, experiencing a low participation rate. Have you read something about Bulls and Bears? What are your favorite topics? Your feedback will help us create more relevant and useful content! Thank you so much.
INDEX:ETHUSDLong
by Vestinda
24
Ethereum ETH price under the threat of falling. Hardfork soon🔥In 10 hours, the Shapella hardfork will include two major updates, Shanghai and Capella, lower commissions, and add the ability to withdraw ETH from staking. And it is precisely the possibility of withdrawing Ethereum from staking that can create a good additional supply of ETH on the market. We have seen various assumptions about the amount of ETH that will be released to the market, from a positive figure of only 1 billion$ to the most pessimistic 34 billion$. It all depends on the temperament of the person who made the calculations and put forward their assumption. However, the eternal law of supply and demand cannot be changed: More supply means a lower price. Now let's get to the facts, and we are only interested in one: According to the project documentation, with the input data that is known now, full unlocking of funds is available for eight validators per epoch (1,800 per day). This means that 57,600 ETH (~110 million$ at the exchange rate at the time of writing the idea) can be withdrawn from the staking every day under this procedure. Taking into account that the daily turnover of ETH is 9-10bn$, the unlocking should not critically affect the price of ETHUSDT But who knows what it will be like in reality) So, we have identified a wide range of $1350-1550 for ourselves, where we are ready to buy ETH again in our medium and long-term investment portfolios. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
36
Ethereum to continue its ascentA few days ago I've written that Eth is bullish and I expect a new local high and a touch of 2k. Indeed EthUsd broke above the last high and reached 1950, a correction followed and the price dropped to confirm the break as a genuine one. At this moment there is a high probability for a resumption to the upside and, as I said, 2k could be next. A break above 2k would expose 2.3k important resistance. I will remain bullish as long as the price is above 1700
BITSTAMP:ETHUSDLong
by Mihai_Iacob
13
Ethereum - Buy The Rumor, Sell The News? 😳What’s up traders. In today’s trading idea, we discuss our thoughts on Ethereum. Taking a look at the Daily chart, we’ve mapped out a few key levels & zones. The story for Ethereum will be similar to our previous post on Bitcoin, in terms of where we think the 2nd largest crypto is headed. If you haven’t heard, the Ethereum network is about to undergo the highly anticipated Shanghai upgrade on April 12th. Simply put, this upgrade will allow investors (validators of the network) to withdraw their ETH that has been staked since December of 2020 (massive unrealized gains sheesh). Right now, staked ETH accounts for 1/7th of the entire supply, 16 million tokens valued at over HKEX:26 billion. Will a massive price dump follow? Without diving too deep into the technicalities of the Shanghai fork, a subsequent dump could likely be in the cards. Scenario 1: Bull Case We see a continued push from Bitcoin, driving Ethereum up. We’re currently in an ascending triangle / bull flag, so a breakout to previous highs wouldn’t be surprising. HKEX:2 ,000 ETH definitely in the cards (Round number pseudoscience). If we can surpass the 2K barrier, consolidate above combined with a bullish Bitcoin. Taking longs right now don’t sound too shabby. Scenario 2: Bear Case The bearish scenario would entail a “Buy The Rumor, Sell The News” situation. Where this push we’ve witnessed in recent days/weeks is due to the hype surrounding the Shanghai Upgrade. A dip back down the 1400-1500 levels might be a solid spot if you want to look at getting long. If we see a severe dip from Bitcoin, and end up retouching the 1000-1200 levels. We’d be looking to buy & hold as those prices would be quite appetizing. As always, NONE of this is financial advice. Trade, and invest at your own risk. This is for educational and entertainment purposes only, and we are in no way shape or form financial advisors. Eyes peeled out there team. See ya in the next one.
by QuantVue
6