Ethereum could rise above 2kIn my previous analysis, I said that Eth is trading in a range, and for clarification, we need a break of support or resistance.
Initially, EthUsd had an attempt to break under support, but bulls quickly took control around 1700 support.
At the time of writing Ethereum is trading above 1800 and it seems like the break will be to the upside.
At this moment I'm bullish and looking to buy dips under 1800.
A break above 1850 should lead to acceleration and 2k could be the first target, but, considering the chart structure since the beginning of the year, 2300 is very probable in the medium term.
Only a daily close under 1700 would negate this scenario
Ethereumforecast
Ethereum: Reaching Out… 🙌Ethereum is reaching out to complete wave 1 in green and still has got some room to rise. As soon as the respective high is established, though, the cryptocurrency should turn downwards and head for the green zone between $1607 and $1424, where wave 2 in green should end. With this low secured, Ethereum should then resume the ascent by developing wave 3 in green. However, a 30% chance remains for Ethereum to scoot below the support at $1370, which marks the last significant low of wave ii in orange. In that case, we would reckon with a new low in the form of wave alt.ii in orange in the orange zone between $1330 and $1150 before ETH can continue the upwards movement.
Ethereum ETH Price Target after the U.S. CFTC sued BinanceBinance and its CEO, CZ, are being sued in the US by Commodity Market Regulators in a complaint that claims the defendants committed “wilful evasion of US law”.
This comes after the SEC Charged Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations last week.
Binance is responsible for 61.8% of the global crypto trading. Its Market Share is Huge!
I assume we are about to witness a major selloff in the crypto industry.
My Ethereum ETH Price Targets:
ETH/USDT short
Entry Range: $1700 - 1800
Take Profit 1: $1630
Take Profit 2: $1510
Take Profit 3: $1380
Stop Loss: $1900
Ethereum- Break of rectangle for directionFor almost two weeks now, Ethereum is consolidating its gains in a rectangle.
Rectangles are usually continuous patterns and, considering the medium-term trend is up, we can expect the price to rise above 2k after the break.
However, Bitcoin seems to prepare for a correction, and in such an instance Eth could drop also. In this bearish scenario, with a break under 1700 zone support, traders should look for selling opportunities with a target at 1500 zone support
Ethereum -> The Pump Is Not Over YetHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Ethereum is currently retesting a quite obvious previous weekly resistance area which is now turned support so I do expect at least some continuation towards the upside.
You can also see that we do have a next strong psychological structure area exactly at $2000, which I do expect Ethereum to retest before we then have the potential to create a minor rejection away from the $2000 resistance area.
On the daily timeframe you can see that we have been moving sideways for the past couple of days, following my weekly bullish outlook I am now just waiting for a break above the previous daily resistance and a retest to the capitalize on the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
ETHEREUM ETH price moves clearly, a good asset to tradeThe global idea for ETHUSDT that we published more than a month ago is still relevant and is being developed well.
The ETHUSD price has entered the $1750-2000 liquidity zone and the process of "braking" growth has begun. It seems that it is still not strong enough to break above $2000, and a correction is needed.
If during the correction, ETH buyers manage to keep the price above $1600, it will mean that they have the strength, motivation, and goal to drive the price much higher.
We also expect a correction on the BTCUSDT chart. The idea that we published at the beginning of the week is relevant, we just have to wait a little bit)
Have a great weekend
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Ethereum -> More Bullish MovesHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Ethereum is currently breaking above a quite obvious previous weekly resistance area which is exactly at $1700.
You can also see that we are approaching the next resistance at $1900, so I do expect a short term rejection towards the downside to retest the previous $1700 resistance, now turned support, and then from there I think we will see the next impulse towards the upside.
On the daily timeframe you can also see that everything looks extremely bullish, I am now just waiting for a retest of the $1700 support and some bullish confirmation before I think we will see the 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:
Eth is in a range long termI believe that eth is going to follow bitcoin into its previously mapped halving cycle. Eth is currently in a range marked between the two blue solid lines, with a middle resistance marked with dotted line. This is looking like a long term formation, accumulation below bottom blue line would be nice. Also, can buy the retest on a breakout. I'm sitting out until accumulation zone. My bet is range before range lows sub 1000 into next bull market.
Ethereum Price AnalysisCurrently, price is near its support level of $1650. If $1650 support breaks next support level is at $1580. The resistance level is at $1715.
On a daily timeframe, the price is above 21-EMA and 50-EMA.
MACD > MACD line and MACD > 0 : Bullish momentum
RSI>50: Bullish momentum
Note: Studies are for educational purposes only.
We will not be responsible for any of your Profits & Losses.
Please trade with a proper risk management strategy to avoid huge capital loss.
ETH ETHUSD Ethereum Technical Analysis & Trade IdeaIn this video, we take a look the ETH Ethereum paired with the USD and observe that it has currently traded up to a significant resistance level. Below that, there is a price gap and sell-side liquidity in the form of stop losses, which could potentially target for bigger players. During the video, we delve into trend analysis, price action, market structure, price gaps, and touch on a potential trade opportunity. Please note that everything discussed in the video is purely for educational purposes and should not be construed as financial advice.
Ethereum- I'm selling above 1500Although I was bullish since the beginning of the year, I also said that I don't think it will last and, as a lot were calling, this is the "start of a new bull run".
Indeed, after a high of around 1700, Ethereum consolidated with a base at 1500 and, last week dropped under this important figure.
At the time of writing is trading at 1475 and I'm preparing to sell rallies and possible spikes above 1500.
My target is 1250 and negation comes with sustained buying power above 1600.
Ethereum -> Wait For The CloseHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe Ethereum just recently perfectly retested and also rejected a quite obvious previous weekly resistance area which was turned resistance once again.
You can also see that we are currently retesting weekly support and it seems like the market will close this week's candle with a quite bullish rejection wick, so from a weekly perspective we can still see more continuation towards the upside.
On the daily timeframe however you can see that market structure is bearish, so I am now just waiting for a break above the $1500 resistance area and if we then get a retest and bullish confirmation, the daily timeframe also looks quite promising for a next impulse towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
$1500 IS IMMINENT FOR ETHEREUMLooking at y chat and technical analysis, I believe that following the double-top pattern, Ethereum is going to lose some USD to hit $1500.
Also, $1460 is also one of my targets.. it may even go lower, but for now.. lets target $1500
anything is possible in trading, but this is what I think will happen.
please, follow, like and comment
ETH will catch up soon. When to buy? (NEW)ETH has been holding much better than bitcoin. It has also bounced much more than BTC.
We expect that ETH will ´catch up´ and it will drop more if the sentiment overall remains bearish.
It wouldn´t be surprising if we see a strong FUD regarding ETH which would cause a stronger price drop.
ETH real capitulation most likely would cause a huge dump in the whole altcoin market.
In the chart you can see (green horizontal trendlines) where are good levels for a dollar cost averaging (for a long term investment or playing a bounce) .
Many altcoins will die and will never come back, but we believe that despite a huge drop , ETH will survive and will perform very well in the next bull market.
Good luck.
Ethereum ETH Price Targets after the FSB meetingThe Finance Stability Board said today that many stablecoins won`t meet the requirements stipulated in its recommendations for cryptocurrency asset regulation.
This could have have ripple effects in the entire crypto industry!
My price targets for Ethereum ETH are:
ETH/USDT short
Entry Range: $1650 - 1750
Take Profit 1: $1550
Take Profit 2: $1490
Take Profit 3: $1350
Stop Loss: $1890
Ethereum (ETH): Elliott Waves Technical AnalysisFrom a technical point of view, this count predicts a Top formed by an irregular B wave, and this swing should call an impulsive structure (i-ii-iii-iv-v), before a new rally. With that in mind, I have shown the main support (1.065 area) on the chart. The first resistance is wave A, if we manage to break it, this pattern could fail and confirmation will be given by the daily close above wave I. If this scenario appears, we will wait for a deep pullback and look for a long position.
As long as the price action remains above the support the trend is bullish.
My last analysis about Ethereum is very similar:
(Click & Play on Chart below)