Ethereumforecast
Ethereum -> More Upside PotentialHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe Ethereum just recently broke out of a very clear triangle formation and since then already had a pump of about 30% towards the upside.
We have the next clear resistance area coming in at $2000 so I do expect the market to have a bullish move into the zone before finding short term resistance there.
On the daily timeframe I am just waiting for the market to break above the previous resistance zone which we are currently testing once again, and after the break I definitely think the market will finally retest the $2000 area.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Ethereum to breakdown?Ethereum - 24h expiry - We look to Sell a break of 1659 (stop at 1699)
We are trading at overbought extremes.
A Doji style candle has been posted from the high.
A higher correction is expected.
A break of the recent low at 1660 should result in a further move lower.
Bearish divergence is expected to cap gains.
Our profit targets will be 1559 and 1539
Resistance: 1693 / 1708 / 1720
Support: 1660 / 1640 / 1600
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ETHEREUM: Price EXPLODE in the last Hours - $2000 TargetThis year has started off well for crypto investors, with many cryptocurrencies rising in value in recent weeks.
After falling nearly 68% last year, Ethereum is now up more than 26% in 2023. This rise is encouraging for investors, implying that the worst-case scenario of this crypto-winter may be in the rearview mirror.
Ethereum was recently priced at slightly less than $1,500 per token. However, many investors are optimistic about its prospects, and it is possible that it will rise above $2,000. Does this imply that now is a good time to buy?
The cryptocurrency market remains largely speculative. Nobody knows what its future holds, or even if it will exist in a decade or two. So, when deciding where to invest, consider the cryptocurrency's long-term potential.
Ethereum is currently one of the most promising cryptocurrency investments. It has a distinct set of benefits, which include:
Ethereum was launched in 2015, years before competitors such as Solana, Cardano, and Avalanche. It contributed to it becoming one of the most widely used blockchains in the cryptocurrency industry.
Ethereum is also the most popular network for decentralized applications (dApps), such as DeFi projects, NFT markets, and the metaverse. It is also an open-source blockchain, which means that developers can build new projects on it. If any of these projects succeed, Ethereum will only benefit.
Ethereum can also host other cryptocurrencies on its network, and it is home to several well-known projects, including Shiba Inu, Polygon, The Sandbox, and Decentraland. If any cryptocurrency hosted on the Ethereum blockchain becomes successful, Ethereum will benefit.
Ethereum, like any other investment, has drawbacks. For example, the network continues to struggle with slow transaction speeds and high fees, causing users to be dissatisfied.
However, developers are working hard to improve the blockchain. The Merge, the long-awaited 2022 update, went off without a hitch, successfully transitioning Ethereum from a proof-of-work protocol to a proof-of-share protocol. In addition, an upcoming update, Shanghai, will aid in the mining process.
Future Ethereum updates are also expected to improve efficiency and reduce fees, with the most significant of these scheduled for 2023 or 2024.
The decision to invest in Ethereum now will be influenced by a number of factors, including your long-term prospects and risk tolerance.
Again, all cryptocurrencies are still purely speculative at the moment, so despite Ethereum's advantages, there is no guarantee that the sector as a whole will thrive in the long run. However, if you believe in Ethereum's potential and are willing to take the risk, now is an excellent time to invest.
However, before you invest, check your finances and your overall portfolio. Ethereum is no exception to the rule that cryptocurrencies are notoriously volatile. Don't invest anything you can't afford to lose, and make sure you're willing to keep your money invested for a long time. Also, expect more volatility in the short term.
Additionally, ensure that the rest of your portfolio is well-diversified. This will help protect your savings in the event that your cryptocurrency investments fail.
Ethereum can be an excellent long-term investment, but there are no guarantees in the world of cryptocurrencies. It will be easier to decide if this investment is right for you if you assess your risk tolerance.
#ETHUSD- PROBABLY THE BEST TIME TO INVEST!!ETHEREUM long term bias is bullish due to many reason one of the crucial reason is price momentum have changed, already touched the lowest level as crypto crashed, price is currently in process of making big bullish impulses so let's not miss it out on it!!
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Ethereum -> The Last Chance For BullsHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
Ethereum just recently broke above a very clear weekly and daily downtrend line and immediately had an agressive pump of about 45% towards the upside, showing that there is definitely some buying pressure in the marekt.
From a weekly timeframe the market then tested previous weekly resistance and already rejected the zone quite nicely towards the downside, so I am now just waiting for bullish price-action before I do expect the continuation towards the upside.
From a daily timeframe we are still sitting at a previous support zone, which is the last support area before the market will make another 10% drop towards the downside so I am now just waiting to see if bulls can actually defend this support zone.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Uptrend Ethereum Is OverEthereum was struggling to break the resistance of 1670USD. After the final rejection, the was finally rejected.
Based on Fetch Trends, which used the rsi and 2 moving averages to calculate the colors, the uptrend is weakening. In my opinion, the uptrend is over.
We're now expecting a drop back to the support zone of 1260 to 1360. Based on the performance of stocks, it seems unlikely the price will make a lower low (875 USD).
99% of Cryptocurrency is crapWhat would happen if Ethereum lost the entirety of its value and dropped to zero? How would this affect the industry and investors? Ethereum's price started climbing steadily and then shot up to over $300 in June of the same year.
Ethereum's price then remained in the low hundreds until early 2018, when it surpassed $1,000 for the first time. It wasn't until the crypto boom of early 2021 that Ethereum hit multiple thousands in price.
This sharp rise in price isn’t sustainable in a market environment like this, which is highly influenced by the stock market and Geo political factors, this is why I think most cryptos including Ethereum will fail and people who bought NFTs are the real losers not traders.
So therefore once ETH breaks below 300$ again it can just drop like a rock to its bottom around 11$. Bitcoin could be at 8000$ again as it get dragged down by the other coins.
Ethereum ETH price wondering where to go nextThe ETHUSDT price has begun its correction, along with the entire crypto market. But in fact, it has held up better than the BTCUSDT price, and has not yet updated the lows of late January.
By the way, at the beginning of the week, we published a fractal on the BTCUSDT chart, and it is working out quite well.
Now the whole world is waiting for February 14: couples in love to celebrate Valentine's Day, and traders in financial assets to wait for the US CPI to be released.
If the inflation rate is lower than expected, it is very likely that the growth trend will continue.
If the inflation rate is equal to or higher than forecast, financial markets and especially cryptocurrencies will continue to correct downward.
For the ETH price, the ideal correction for continued growth is in the range of $1400-1420
Critical correction to $1340, below that, there could be trouble.
What are your expectations for the further movement of the ETHUSD price? Write in the comments
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Ethereum ETH Price targets if SEC will ban Crypto StakingCoinbase CEO says he heard rumors the SEC wants to ban crypto staking.
Already crypto exchange Kraken shuts down crypto-staking.
This will have ripple effects in the entire industry!
My price targets for Ethereum ETH are:
ETH/USDT short
Entry Range: $1500 - 1600
Take Profit 1: $1450
Take Profit 2: $1330
Take Profit 3: $1220
Stop Loss: $1720
ETH/USD Daily Levels — February 1st, 2023Looking at the Daily TF of Ethereum, we can see a very similar structure to Bitcoin, but a little more manipulated in the price action. The manipulation zone is a bit bigger and the accumulation zone is a bit smaller, where as Bitcoin, the move was made as clear as day.
Usually, I use Bitcoin to chart out the flows for the market and trade on Ethereum to juice higher returns for my portfolio.
Anyways, moving onto the chart patterns, we played this move upwards from $1,161 to selling at our distrubtion level at ~$1640. From here, i’ve been out of the market and waiting patiently for a new entry. I genuinely thought we’d come back down and retest the top of the accumulation zone (even if it were a scam wick), however, the market makers have a different game plan.
We’re still chilling in the distribution zone after the FOMC today and they’re printing a buy side sweep to suck in retail liquidity before pushing the price down. I wouldn’t be surprised if the top of the distribution zone hit as many people still need to offload their positions and are greedy, however, this buy side sweep we just printed on the daily looks very convincing.
It’s also something to note that the Shanghai testnet is dropping and the Ethereum team usually drops the new network upgrade at local tops in the market.
I believe that we should close out this distribution zone herer soon and retest the accumulation zone. Unlike Bitcoin, I don’t believe we’ll see the start of the yearly candle retest unless it’s a quick wick down as it’ll get bought up relatively fast, similar to what we saw in the FTX meltdown in November of last year.
This move we made completely reversed the entire FTX meltdown and we’ve returned to the mean as of now. However, we do need to retest the start of the uptrend or at least somewhere near the start of the uptrend and that would send the price of Ethereum down to $1287 - $1347, forming a higher low, before continuing it’s move upwards.
It’s going to be a while before we see all time highs again, most likely around the Bitcoin halving event, the same as the previous two cycles. In the meantime, we can continue milking the market and stacking more trading profits into our long term Ethereum holdings before the next bull market cycle.
Ethereum Idea | ETHUSDEthereum Idea |ETHUSDT Analysis | ETHUSD
Three Targets : 1st $ 1700.00 and 2nd $ 1750.00 and the last one $ 1800.00
✅ ✅ 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.
ETH USDT BINANCEHeading toward large resistance in uptrend (white line).
Sell orders around 2k and could bleed down imo.
RSI near support.
But will need a push because 50 MA crossed below 100 MA.
Might bounce before continuing the uptrend tho.
This isn't financial advice and you should always DYOR.
Thanks for following.
Like, comment, share any ideas you have as well.
Ethereum -> The Beginning Of The Next BullrunHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
From a weekly perspective Ethereum and the whole crypto market is looking like it is potentially slowly starting the beginning of the next crypto-cycle.
On Ethereum specifically it seems like the market just wants to head higher and create a very bullish long term double bottom, before then eventually starting a short term correction to the downside.
On the daily timeframe I am now just waiting for an opportunity to enter a long postition, however the market is currently testing previous resistance which is turned resistance once again, so I am just waiting for a break above the zone, followed by a retest and then there is a high probability that we will actually see 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's game changer moment 1.1.2023March 2020 to Jan 2023 support trend-line confirmed recently with another bounce of higher lows.
Highlighted on chart previous times we've had the support tested since March 2020, rally which followed was aggressive and substantial.
1) August 2020 to April 2021 - $4,054 gain per coin, 1012% increase.
2) June to August 2022 - $1,100 gain per coin, 120% increase.
3) October to November 2022 - $588 gain per coin, 53% increase.
Most recently support was tested December 20th and since gained about $50 per coin from the low, confirming the big picture support to be relevant.
Connecting highs since the ATH November 2021 at $4,800 per coin show resistance to be around $1,426.
Connecting lows since the low of $93 per coin back March 2020 show support to be around $1,050.
The pattern which is formed is a big triangle consolidation of 3 years - Price currently trades very close to the apex and there could be a breakout above or below mentioned levels within the next quarter.
In my opinion, there's higher potential is for a break up considering higher lows were kept for the entire 3 year period, even through the panic selling caused by FTX and other industry shacking events.
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I encourage you to do your own research, make your own judgement and take cautious decisions keeping in mind trading is speculative and can be unpredictable.
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Trend Ethereum Is Getting Weaker Ethereum's uptrend is weakening. This is not unexpected given that we are already at a key point in the cycles of both Ethereum and Bitcoin. The previous two tops were discovered after 58 and 43 days, respectively, while Ethereum's local top was discovered after 61 days.
Not only do we notice a daily cycle pattern, but Ethereum has also found resistance at the first critical point of 1700 USD. As the trend weakens, we're seeing a lower high.
Why is the trend weakening? This is represented not just in the rsi, but also in our indicator Fetch Trends, which utilizes the rsi to calculate its colors.
On top of that, our other indicator "moving average sequential strat" is firing off a sell signal, giving me us plenty of reasons to think the local top for Ethereum is either close or in.
ethusdt - a triangle before the last wave of growth.- The wave triangle is drawn before the final rise.
- We're down to 1680.
And more info on the video
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Ethereum ETH is crashing right now!Hello, my dear friends!
Today I am crazy man because there is a third analysis today. I know that a lot of traders suppose that Ethereum is the strong asset, but I want to tell you that current crash is still not over and we can see today the massive triggering of the short signals. First of all I want to warn you that I am not going to open short on ETH using the setup above because I have the short trade on Bitcoin.
4h time frame of the BINANCE:ETHUSDT chart is showing us that the key down fractal has been broken below the Williams Alligator indicator’s red line. The price was $1554 . If you have already executed the short trade your stop loss should be placed at $1663 .
I consider the potential target inside the Fibonacci golden pocket zone at $1380 . When the price will reach this price I am going to watch out the market carefully to execute the long trade on the potential reversal setup.
Best regards, Ivan
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Ethereum Mercury Line ResistanceAs we can see Ethereum is facing major resistance upon the Mercury planetary speed line, and therefor having made lower highest and reversing, there is a high change that the reversal area is upon us.
If for some reason Ethereum manages to break through the Mercury resistance lines, then it will make its way to the higher planetary line eventually. As for now, the odds are for a reversal happening soon unless we see some crazy reversal price action.
We also observe the point in the rectangle upon which it touched resistance, as it happening late into the rectangle, that shows us the speed or velocity of price is weak, giving us a greater idea of what is likely to happen.
"Planetary Lines" Indicator by @NasserHumood
Ethereum Analysis 27.01.2023Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset: