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Ethereumforecast

Ethereum - Due to drift lower In August 2022, we stated a bullish narrative regarding Ethereum's “merge” is absolute nonsense that will be proved wrong as time progresses. Then over the coming weeks, we also expressed our worries about the FED meeting in September 2022. Indeed, just hours before the FOMC, we speculated that Ethereum could have experienced a short-lived bounce, followed by a sharp drop. Our assessment proved to be correct, and Ethereum bounced up after the FED decision and then fell with the rest of the market. Because of that, combined with fundamental and technical factors, we continue to be bearish on Ethereum. Accordingly, we stick to our price targets of 1000 USD and 900 USD. Illustration 1.01 Illustration 1.01 shows simple support/resistance levels for ETHUSD. Technical analysis - daily time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the daily time frame is bearish. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:ETHUSDShort
by Tradersweekly
20
ETH/USDT-WEEK CHART FALL AND TOP OF BULLRUN PROJECTIONSIn this idea I cover what I see in the future for ETH according to the charts. Keep in mind that this is what the chart tells me, but when dealing with the fundamental side they may experience a lot of turmoil. The merge didn't necessarily help them with the FCC looking into a new classification now and the US claiming they have jurisdiction over ETH. Could get messy, but at least the chart is optimistic long term. If you agree throw me a like and follow me for more unique ideas, concepts, and projections that keep you in the gains. Much love to my supporters- ND
by The_New_Disciple
15
ETH major descending triangle ETH / USDT ETH is forming a giant descending triangle and right now Price is testing important key zone of 1300-1250$ What Next ? 1- if bears break 1200$ it’s likely to continue the dump to 1000$-800$ levels and there we have a chance for a double bottom 2- if bulls save current key level .. we will have another minor pump to test 1600$ (major trendline resistance) Before dumping again Important Note : there is no real bull rally below the major trendline (violet color in my chart ) any thing below it is a bear’s territory
Short
by Babenski
25
ETH Daily TA BearishETHUSD Daily guidance is bearish. Recommended ratio: 5% ETH, 95% Cash. *Cryptos are experiencing a Sunday Scaries sell-off to end the week as Equity Futures are down to start the week. This is all likely in anticipation for what is expected to be a volatile week with US Building Permits and Housing Starts data coming in before the Federal Reserve announces what is expected to either be a 75bp or 100bp FFR hike on 09/21 at 2pm. Key Upcoming Dates: US August Building Permits and Housing Starts at 830am EST 09/20; 13th GDPNow US Q3 GDP estimate 09/20; FOMC meeting 09/20-09/21 (Statement Released at 2pm EST on 09/21); S&P US September Manufacturing PMI at 945am EST 09/23.* Price is currently trending down at ~$1300 after breaking below $1427 support in yesterday's session, the next support (psychological) is at ~$1k. Volume was High in yesterday's session and is on track to favor sellers for a second consecutive session if it closes today in the red. Parabolic SAR flips bullish at $1695. RSI is currently trending down at 33 after breaking below the uptrend line from November 2018 at 37 as support, the next support is the uptrend line from 01/22/22 at ~32. Stochastic remains bearish and is currently attempting to crossover bullish at 5 as it approaches a potential test of max bottom. MACD remains bearish and is currently trending down at -61 but is still technically testing -46 minor support; the next support is at -91. ADX is currently trending up at 20 as Price is breaking down, this is mildly bearish at the moment; should ADX climb above 25 AND Price continue lower, this would be very bearish. If Price is able to bounce here then it will likely test $1427 as resistance . However, if Price continues to break down then it will likely retest $1k psychological support . Mental Stop Loss: (two consecutive closes above) $1427.
COINBASE:ETHUSD
by dailytaguy
4
Ethereum Is Rejected | Now Watch out For Inverse H & SHi friends hope you are well and welcome to the new update on the Ethereum coin. Big wedge formation: On the weekly time frame Ethereum has entered a very big falling wedge pattern. Priceline found the support of this pattern in the month of September 2021 then got 1st rejection by the resistance of this pattern in the month of November 2021, then again drop down at the support in the month of January 2022 and rejected by the resistance in the month of April 2022, finally, the priceline again dropped at the support of this wedge in the month of June 2022. Then Ethereum started another rally from June to August 2022 and after the rejection of August there was a price correction, and recently the price has again reached resistance but it is likely to be rejected once again. One thing is for sure, in order to start a big bull run Ethereum needs to breakout this huge wedge pattern. Broke out a channel: On a daily time frame, while moving inside the big falling wedge pattern Ethereum has also formed a down channel and already has broken out the resistance of this channel. The target for this break out is approximately at $3,500, however, so far the priceline is not able to reach the target for this break out from the channel because it has been stopped by the resistance of the bigger wedge pattern. Inverse Head & Shoulder: On the daily time frame, Ethereum has also formed an Inverse Head & Shoulder pattern. The right shoulder can work as strong support which is at $1400. If this support will be broken down then there can be a big drop expected up to the long-term support of $880 and there is also the support of wedge as well. Conclusion: In the short term, the priceline is testing very critical support of the right shoulder of the Inverse Head & Shoulder pattern. If this support will be broken down then price can drop to test the support of the falling wedge pattern and the long-term support of $880, however, in the long term, Ethereum has formed a very big bullish biased falling wedge pattern, and eventually, the priceline can break out the resistance of this wedge. Once Ethereum will be able to break out this big falling wedge pattern then the target can be the top of the wedge which will be approximately $4500.
BITSTAMP:ETHUSD
by moon333
Ethereum forecast and idea 🧐Hi traders, ⭐ This one without explanation! 🤓 ------------------------------ ✅ ✅ 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. ------------------------------ ✅ Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed, and ask any questions about chart analysis. Thanks for your attention
Short
by Arash-RK
ETHEREUM: INTERESTING PATTERN TO LOOK AT.Hey guys, welcome to this new update on ETH. Timeframe: 12 hours. Update: The merge has taken place and we see a major -9% drop in ETH. This drop may not look good in a shorter timeframe but in this 12 hours timeframe, ETH is bouncing right from the support level. If we backtest then we will notice that ETH made a similar pattern back in June 2022 and then it broke out around 64%. No wonder ETH could make a similar move after the merge. All eyes are on the lower supporting trendline. If ETH manages to hold this support then we can expect a bounce back soon. Let's see what happens next. Trade safely.
COINBASE:ETHUSDLong
by Dexter_The_Trader
6
Ethereum Options Idea for 23rd September 2022Since Ethereum has a immediate resistance level at 1580-1600 and immediate support level at 1300-1350, I thought of taking a trade in options by selling Call and Put at 1580 and 1350 levels respectively for an expiry on 23rd September. I would keep a close eye on the FOMC meeting on the 21st, If i manage to get enough premium before the FOMC meeting, then I might as well cut my position. Note: Options can be used when Ethereum is not moving in either direction.
BITSTAMP:ETHUSD
by GenkeiFutura
ETH | An Elliot Wave PerspectiveETH | An Elliot Wave Perspective During all this week the price looks like it is stopped near 1430 that corresponds to strong daily support. The ETH Merge insecurity is holding the market under pressure. One of the biggest events is resulting from being non-even at all. Now I am looking at the price to develop in two ways. The first scenario is that the ABC pattern correction can be finished where it is now (Black scenarios). At this point, the price should increase soon. The second scenario is that the ABC pattern correction can be completed near 1100 and after that, the price can begin the bullish movement again. (Blue scenarios). At this point, the price should increase soon. Targets: 1900 2300 Thank you and Good Luck!
Long
by KlejdiCuni
10
Ethereum and The correction up to the MA 100 🧐After the drop in last week, we have the price correction up to the MA 100 range. We also see in the pitchfork that an uptrend channel has been created. ⭐⭐ Keep in mind, that the downtrend in the main major channel is not over yet, and there is a possibility of falling again at any moment. ⭐⭐ for now, the buy trade should be done with caution. ------------------------------ ✅ ✅ 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. ------------------------------ ✅ Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed, and ask any questions about chart analysis. Thanks for your attention
Long
by Arash-RK
Ethereum Forecast & Idea✅ Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on trading-view, And only a few of these analyzes are my actual trades. I hope Traders consider I am not responsible for your trades and investment decision. ------------------------------ ✅ Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
Short
by Arash-RK
SELL Ethereum!! Eth H&S Pattern Confirmation. Bears in Control!This chart is pretty self-explanatory. Head and shoulders pattern has completed and with current Macro-Economic conditions worsening and tightening, I guess this truly was one of those, "Buy the rumors, sell the news" events with the Ethereum Merge. Not only this, but we are consistently trending down, making a series of lower highs and lower lows. The trend remains intact and very strong. I thoroughly expect us to double bottom or even make a new low on Ethereum. The time frame for when this happens remains to be seen. My take profit Targets on my short are $1000 - $880 for 75% of my position. I will hold this position into a new low if that occurs. This will be my position on the markets until we print a new higher high and a breakout on Ethereum above $2,050 will prove this theory wrong.
COINBASE:ETHUSDShort
by RookInvesting
2
Ethereum: Support and Resistance Lines and AreasHello friends, today you can review the technical analysis idea on a 1W linear scale chart for Ethereum (ETHUSD). Ethereum Merge is complete and now the price seems to be falling. I have noted all the major support and resistance lines and areas to keep an eye on. If price falls below the Support Line 2 (look in the chart), Ethereum price may have a significant fall down. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BITSTAMP:ETHUSD
by MillionaireEconomics
4
ETH Daily TA Cautiously BearishETHUSD Daily guidance is cautiously bearish. Recommended ratio: 25% ETH, 75% Cash. *After a successful Merge, Ethereum is now a Proof of Stake network... and in classic Crypto fashion, it appears to be going through a "Buy the Rumor, Sell the News" cycle. Cryptos, Equities, Futures, Commodities and the VIX are down while the Euro, US Treasuries and DXY are up on the day. US August Retail Sales were up 0.3% compared to consensus estimates of 0.1% and July's -0.4% reading. This higher than expected reading on US Retail Sales paired with a higher CPI will likely influence the Fed to stick to their 'beyond-neutral' commitment to getting inflation down by raising FFR by 75bps or even 100bps on 09/21. The 12th GDPNow US Q3 GDP estimate is now 0.5% compared to 1.3% on 09/09/22 . Key Upcoming Dates: UofM Consumer Sentiment Index at 10am EST 09/16; US August Building Permits and Housing Starts at 830am EST 09/20; FOMC meeting 09/20-09/21 (Statement Released at 2pm EST on 09/21); S&P US September Manufacturing PMI at 945am EST 09/23.* Price is currently trending down at ~$1500 as it breaks below the uptrend line from 06/18/22 at ~$1640, the next support is at $1427. Volume is currently High (low) and is on track to favor sellers in today's session, if it does it would make four of the past five session dominated by sellers. Parabolic SAR flips bullish at $1785, this margin is neutral at the moment. RSI is currently trending down at 42 after being rejected by the upper trendline of the Symmetrical Triangle from February 2020 at 55 resistance, the next support is the lower trendline of the Symmetrical Triangle at 37 support. Stochastic remains bearish and is currently trending down at 10 but is still technically testing 18 support. MACD is currently crossing over bearish at 3.5 after being rejected by 28 resistance, the next support is at -46. ADX is currently trending up slightly at 16 as Price falls, this is mildly bearish at the moment. If Price is able to bounce here then it will likely retest the uptrend line from 06/18/22 as resistance between ~$1600 and $1711 minor resistance . However, if Price continues to fall, it will likely formally retest $1427 support . Mental Stop Loss: (two consecutive closes above) $1600.
COINBASE:ETHUSD
by dailytaguy
My Biggest Buy Ethereum 14 September 2022MY BIGGEST INVESTMENT - ETHEREUM! The technical reason is that there is a Cup and Handle that's formed over the last few months and is showing higher lows... Once the price breaks up and out, will I buy and hold... I'll be trading Crypto Ethereum CFDs... As with my Crypto portfolio I'll be buying the actual coin and holding for the long term. 4 Reasons why I'm buying (Only first target is shown in the chart)... There are many reasons (technically and fundamentally) why I’m buying Ethereum. The technical point of view on Monday, was the main reason why I got an actual buy signal on my platform. But I do have a few other fundamental reasons to buy it, including: REASON #1: Major recovery already Ethereum has already made a massive recovery of over 50% in price. This has definitely attracted more buying in the market from new investors and traders. REASON #2: The major upgrade Then, I’ve been reading that they are talking about the merge of the most sophisticated upgrade for the digital asset. Basically, they will soon update and upgrade the software for the blockchain network. This is the first time, the upgrade will take place in the industry’s 14 year history. REASON #3: New influx of buying With the upgrade in place – investors are excited and optimistic that Ethereum is going to move into a less environmentally taxing system. This will not only improve the distribution channels of the buy and sell transactions with Ethereum but also it will improve the functionality of the blockchain. REASON #4: Evolution With the evolution of Ethereum and blockchain – this might shift investors away from Bitcoin, altcoins, penny-cryptos and other crypto currencies that are slow evolving. And it will attract more people into Ethereum as they believe the crypto currency has a bigger footprint for the future of blockchain. Are you buying YES or NO?
Long
by Timonrosso
Ethereum | Expanding Pattern Ahead The MergeEthereum | Expanding Pattern Ahead The Merge Ethereum is creating an expanding pattern ahead the merge. The merge is really a big event that will create a clear revolution on the crypto world as it is happening for the first time. if the merge will be smooth and without problems we can see a high and good impact on the Ethereum blockchain. However, our pattern looks like it is expanding and the target is related only to the pattern and it is a normal target. Thank you and Good Luck!
Long
by KlejdiCuni
27