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Ethereumforecast

Ethereum have to fall more than BitcoinHello, everyone! Bitcoin is staying at the same level because now it’s weekend, it’s no reason to make the update on it. The short is still actual. Today let’s take a look at Ethereum, I know you want to know my opinion about it. Let’s go. Of course ETH is fully depends on BTC movements. If we assume short for Bitcoin, Ethereum will also probably fall. ETH has it’s own wave structure. When I told you about insane short on BTC at $24500 ETH have also started it’s dump. We can clearly see the 12345 Elliott waves cycle which as usually confirmed with the divergence with Awesome oscillator. It is the wave 1 of the higher order. Now the price as I suppose have completed ABC correction – wave 2 of the higher order. It reached Fibonacci golden pocket and now it’s time to start bearish wave 3. Also I want you to notice the decreasing volume during the wave c. It means that the current pump does not have enough strength to maintain the uptrend. You also can check the last idea on Bitcoin to be sure that ETH analysis takes into account the potential BTC move.
Short
by Skyrexio
6
ETH Daily TA Cautiously BullishETH Daily cautiously bullish. Recommended ratio: 65% ETH, 35% Cash. * The Merge is set to launch on Ethereum's Mainnet at around 6pm on 09/14/22 . With the ECB raising central bank rates by 75bps and committing to more rate hikes in the near term, FFR futures traders are still betting on a 75bps rate hike by the Fed on 09/21. St. Louis Fed President James Bullard said today that he's leaning more strongly into a 75bps rate hike at the next FOMC meeting and that money markets are underestimating prolonged higher rates in 2023. Fed Governor Christopher Waller mentioned today that fears of a recession in Q1 and Q2 have faded and that the economy can support more significant rate hikes . Key Upcoming Dates: August CPI at 830am EST 09/13; The Merge (Ethereum) at ~6pm EST 09/14; FOMC meeting 09/20-09/21 (Statement Released at 2pm EST on 09/21).* Price is currently trending up at $1737 and is still technically testing $1711 minor resistance. Volume is on track to both be High and favor buyers for a fourth consecutive session if it can close today's session a bit higher and in the green. Parabolic SAR flips bearish at $1476, this margin is mildly bearish at the moment. RSI is currently trending up slightly at 58 and is still technically testing the descending trendline from February 2020 and 55.31 resistance. Stochastic remains bullish and is currently testing max top. MACD remains bullish and is currently trending up at 6 as it approaches 27.77 resistance. ADX is currently trending sideways at 14 as Price is pushing higher, this is neutral at the moment. If Price is able to turn $1711 minor resistance to support, the next likely target is a retest of $1941 resistance . However, if Price breaks back down below $1711 minor resistance, it will likely retest the 50 MA at ~$1667 as support . Mental Stop Loss: (one close below) $1660.
COINBASE:ETHUSD
by dailytaguy
Ethereum - Pump and dump on a horizonSeptember 2022 brings many exciting events for the stock and cryptocurrency markets alike. However, we will pay close attention mainly to two events in particular. The first event we will pay attention to is the “merge” with the soft deadline on the 19th of September 2022; the merge will see the current execution layer being combined with a new consensus layer. As a result, Ethereum will transit from proof-of-work to proof-of-stake. That, in turn, will eliminate the need for energy-intensive mining and give Ethereum a competitive edge against other cryptocurrencies. While the transition is significant from an environmental and technological point of view, it is less significant from a trading perspective. It does not change the fact that the FED will continue to increase interest rates to battle inflation (which will subsequently weigh on the economy and lead to risk aversion). Additionally, the distribution of ETHW tokens (Ethereum on the old proof-of-work protocol) raises our concerns. Because of these “out of the thin air” tokens, we think there might be an initial increase in the price of Ethereum (especially before the merge). However, we expect a potential bounce to be temporary and newly created tokens to be dumped on the market together with Ethereum (after the merge). Our bearish view is also supported by technical factors, which show very low liquidity in the market. Simultaneously, several technical indicators point to the downside for ETHUSD. Because of that, we stick to our price target at 1 000 USD and 900 USD Illustration 1.01 Illustration 1.01 shows the daily chart of ETHUSD. The green arrow indicates a price increase. The red arrow indicates a volume decrease. These developments, occurring simultaneously, often foreshadow a trend reversal (in this case, a trend of a lesser degree). Technical analysis - daily time frame RSI and Stochastic are bullish. MACD is neutral; however, if it breaks above 0 points, it will bolster the bullish case in the short term. DM+ and DM- perform whipsaws, while ADX contains a relatively low value. Overall, the daily time frame is mixed. Illustration 1.02 The image above displays the daily chart of ETHUSD and simple support/resistance levels. Ideally, we would like to see a breakout below the short-term support; that will bolster the bearish case for Ethereum. Technical analysis - weekly time frame RSI and Stochastic are slightly bullish. MACD is neutral. DM+ and DM- stay bearish. Overall, the weekly time frame is less bearish than a week ago. Illustration 1.03 Illustration 1.03 shows the weekly chart of ETHUSD and two moving averages. The yellow arrow indicates the natural retracement toward the 20-week SMA. Ideally, we would like to see the price stay below this average. 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
21
ETH Daily TA Neutral BullishETHUSD Daily neutral with a bullish bias. Recommended ratio: 55% ETH, 45% Cash. * The Merge is scheduled for launch on Ethereum's Mainnet at ~1pm EST 09/14/22 . The Sixth Beige Book (of 2022) confirmed what has already been the theme for Fed speakers this quarter ; that we are likely to see slower economic growth in the near to medium term, the labor market is getting tighter, and that even though inflation is showing signs of moderating, it still has a long way to go before we are to see any rate cuts. The 10th GDPNow Q3 US GDP came in today at 1.4% , down from 2.6% on 09/01/22. Key Upcoming Dates: August CPI at 830am EST 09/13; The Merge (Ethereum) at 8am EST 09/14; FOMC meeting 09/20-09/21 (Statement Released at 2pm EST on 09/21).* Price is currently attempting to form a Morning Doji Star Pattern as it defends $1500 in preparation for The Merge next week; if tomorrow's session PA results in a Bullish Engulfing Candle this would be bullish. I have also revised the uptrend line from 06/18/22 and it now reflects support at ~$1550. Volume is Moderate and is on track to favor buyers if it closes today's session in the green; this would also make three of the past four sessions buyer dominant. Parabolic SAR flips bearish at $1427 support, this margin is mildly bearish at the moment. Stochastic remains bullish and is currently trending sideways at 81 resistance. MACD remains barely bullish for the second consecutive sesision and is currently trending sideways at -26. ADX is currently trending down at 14 as Price is attempting to defend $1500, this is neutral at the moment. If Price is able to close today's session above ~$1520 and then follow that with a Bullish Engulfing Candle in tomorrow's session, this would be indicative of a bullish continuation that would likely have it retest the 50 MA at ~$1655 as resistance leading up to The Merge. However, if Price breaks down out of the uptrend line from 06/18/22 (~$1550) then it will likely retest $1427 support . Mental Stop Loss: (two consecutive closes below) $1500.
COINBASE:ETHUSD
by dailytaguy
2
Why Ethereum Merge Is A Big Deal for Cryptos‍Ethereum has long been known as the second-largest cryptocurrency by market cap. That will soon change, as Ethereum is poised to overtake Bitcoin in that regard. There are many reasons for this shift, including the explosive growth of investable digital tokens built on top of the Ethereum blockchain. There are now so many of these ERC-20 tokens that even Google cannot track them all. As a result, this Tradingview Idea will explain what Ethereum merge is and why it’s important for investors interested in the world of cryptos. What Is Ethereum Merge? The Ethereum merge is a significant change in the structure of the Ethereum blockchain. The merge will combine two separate chains into a single blockchain. This means that Ethereum tokens that are currently traded on two separate chains will be accessible on a single chain in the future. This means that any Ethereum-based tokens that have been trading on two separate chains will be available on a single chain in the future. The wallet functionality will also allow the tracking of both types of tokens in a single interface. This will reduce confusion for investors and make things more convenient for users. It will also make it easier for centralized exchanges to add more tokens. The Ethereum merge can lead to a significant shift in investor interest away from Bitcoin and towards Ether. This will have a major impact on the market capitalization of these two coins. What Does The Future Hold for Ether? The Ether coin is the native asset of the Ethereum blockchain. This coin has seen significant volatility in recent months and is often compared to Bitcoin. Some investors are looking to Ether as an alternative to Bitcoin due to its cheaper price. Ether has seen steady growth over the past year and has been on par with Bitcoin in terms of market capitalization. This shift in investor sentiment could result in Ether overtaking Bitcoin as the number one cryptocurrency by market cap. The Ethereum merge will make Ether more accessible to investors. It will also make it easier for centralized exchanges to add Ether to their listings. This means that interested parties will have an easier time buying and selling Ether. This is a positive sign for the future of the Ethereum blockchain and the Ether token. Coin Based on Ethereum Merge: Etherum Dark Investors who are looking to capitalize on the Ethereum merge can do so by purchasing Etherum Dark. Etherum Dark is a token that has been trading on the Ethereum blockchain since 2017. This coin is a great choice for those who want exposure to the Ethereum blockchain without buying Ether. Etherum Dark is based on the Ethereum blockchain. This coin is not currently available on Coinbase or other major centralized exchanges. Investors who want to purchase Etherum Dark will have to use a decentralized exchange. How to Trade Ethereum Mergers Ethereum mergers can be traded in the same way as other ERC-20 tokens. Investors who want to buy Ethereum mergers simply need to find a wallet that supports these mergers. They then need to send the required amount of Ether to the wallet address and wait for the transaction to be completed. Ethereum mergers can be traded in the same way as other ERC-20 tokens. How to Benefit from the Ethereum Merge Investors who want to benefit from the Ethereum merge should keep an eye on the price movement of Ether. If this coin sees a significant price increase, it may lead to a surge in investor interest in Ether. This would cause the price of Ether to rise even higher. Ethereum mergers will also increase in price during this time. This will provide an excellent opportunity for investors to profit from the Ethereum merge. Which Coin Will Be Top Dog After the Merge? There has been a lot of speculation about which coin will be top dog after the Ethereum merge. Some people say that Bitcoin Cash will win, while others believe that Ether will be the dominant coin. Ethereum mergers are very new, which means that there is still plenty of time for investors to decide which coin will be top dog after the merge. The strength of each coin is determined by various factors that are unique to each token. These include the volume traded on each chain as well as the number of wallets that hold each asset. These factors change on a daily basis and can be very volatile. This means that it is too early to determine which coin will be top dog after the merge. A Transition from PoW to PoS It’s also the go-to platform for developers looking to create blockchain applications — from games to smart contracts — that run on decentralized networks. The Merge, though, will change the way Ethereum works to make it a much more efficient network. The new system is called Casper, and it’s designed to make Ethereum faster and more scalable than ever before. It will also make the network significantly less energy-intensive. "The Merge will reduce Ethereum's energy consumption by ~99.95%." Official quote from Ethereum project website. Source: Twitter Handel: trent_vanepps ETHUSD DAILY CHART ETHUSD Volume Metrics ETHUSD H4 Chart The Event is scheduled and will take place between 13-15 September conclusion The Ethereum merge will result in a significant shift in investor sentiment towards Ether. This will likely lead to Ether overtaking Bitcoin as the most valuable cryptocurrency by market cap. The Ethereum merge is a significant change in the structure of the Ethereum blockchain. The merge will combine two separate chains into a single blockchain. This means that Ethereum tokens that are currently traded on two separate chains will be accessible on a single chain in the future. Ethereum mergers can be traded in the same way as other ERC-20 tokens. Investors who want to benefit from the Ethereum merge should keep an eye on the price movement of Ether. If this coin sees a significant price increase, it may lead to a surge in investor interest in Ether. This would cause the price of Ether to rise even higher.
BITSTAMP:ETHUSDLong
by EQTSHARES
2
Ethereum - "Uber-bullish merge" narrative is nonsense In our previous article, we dismissed nonsense about the “uber” bullish effect of the Merge on Ethereum. However, we also stated that we would not rule out a temporary bounce in the price while expecting it to have little to no effect on the overall trend direction. Today, we again stick to this narrative and remain bearish on ETHUSD. We have no reason to change our bias as fundamental factors will continue to weigh on risk assets in the coming months. Additionally, technical indicators are worsening, which suggests more trouble ahead. Finally, as if it was not enough, a slowing global economy will lead to more risk aversion among assets like cryptocurrencies. Due to that, we maintain our price targets for ETHUSD at 1 000 USD and 900 USD. Though, we have to note that we are growing increasingly bearish on the pair and expect it to drift below our price targets over time. Illustration 1.01 Illustration 1.01 shows the most recent developments on the daily chart of ETHUSD. Yellow arrows indicate three bearish breakouts and one bullish retracement. Technical analysis - daily time frame RSI, Stochastic, DM+, and DM- are all bearish. MACD is neutral. Overall, the daily time frame is bearish. Illustration 1.02 Illustration 1.02 shows the daily chart of ETHUSD and two simple moving averages. Yellow arrows indicate bullish and bearish crossovers. The current constellation of moving averages is bearish. Technical analysis - weekly time frame RSI, Stochastic, MACD, 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
47
ETHERUEM for a 1 way TICKET DOWN SOUTH!The Narrative for Ethereum goes like this: The ADR for Etheruem flucuates between 100-180pioints. Crypto is volatile and really doesn't abide by any rules thus the fluctuation with the ADR. Nevertheless with some detective work going back about a good 7 to 10 days you can get a lock in on the ADR. Ethereum likes to throw a 30-50 point MZ then break to for minimum 50 points before a major pullback. Catch her on the right day and she will give you 90-100 points. Weekends she's a little lazy but still should give you 50 points after she breaks north or south of the MZ border. This Saturday Sept 3, 2022 she has broken south looking like a 1 one way ticket to Miami ; with a strong possibility of leaving the country for the southern islands.:) A big clue was that gap made at 5PM EST yesterday evening which was filled completely with the 2AM EST 15 min Candle indicating the trip south was eminent. After that gap was filled a slight retrace to liquidate the shorts out of their fortunes then another order block. Then the last move to liquidate the rest of the shorts out of their fortune before the main move to Miami with all of us who are prepared to hold for the adventure south. ( #SniperMarketMechanics ) As always never over leverage. Trust your set up-give the script a chance to manifest; and crypto likes to improvise so the right leverage will allow you to comfortably watch the show. It's the weekend- HAVE FUN! I AM Pro Trading made Simple. Master Jedi & Sensi of #SniperGang EVERYBODY EAT$
BINANCE:ETHUSDShort
by Master-Jedi-Trader
1
A short term movement prediction for ethereumMarkets are in choppy mode. Future contracts dominated, very little volume for the spot. Elliot's fifth corrective wave not yet on the play but i expect very soon. Now it's the play time. #ETH may enter in the box and if rejected from 1700 - 1750 area, then a double top will be confirmed. First retrace will the trend support but if #btc plays 5th corrective wave, the correction will be deeper for both #ethereum and #bitcoin .This is not a financial advice. Always do your decisions by yourself.
BITSTAMP:ETHUSD
by naphyse
1
ETH to $1.3K - Bearish flags pattern (Daily)Hi everyone, So after we've broken the rising wedge on the daily, we saw ETH creating a series of bearish flags. Bearish Flag 1: "Pole" was created from $1847 to $1520, then ETH entered in a correction uptrend (rising flag) ranging between 1520 to highest point of 1722. Bearish Flag 2: Immediately after the high of 1722 Eth began to create the second flag pole which too it from 1720 to $1443. Then we saw ETH creating a rising flag again and this time it was trading between $1423 to $1620. Bearish Flag 2 continuation (yet to happen): The distance of flag pole 2 is likely to be the same distance to create flag pole 3 which will take us to 1280 which also happens to be a golden pocket support (0.65 point on fib). This fib was drawn from the lowest point ETH reached which was $878.02 back on 18th June to the highest point of $2030. Now, we can look at smaller timeframes to spot when will flag pole 3 is likely to happen. P.s. This is Not Financial Advice.
Short
by NedRawahi
Ethereum: Go for it! 💪Ethereum is still acting coyly regarding the lower blue zone between $1456 and 1013. So far, the cryptocurrency has only dipped into it shallowly and drawn back, as if its surface was too cold to the touch. We expect Ethereum to overcome its reluctance, though, and to dive into the lower blue zone properly to finish wave (ii) in blue. Afterwards, it should move upwards, crossing the resistance at $2029 and heading for the upper blue zone between $2982 and $3420. However, there is a 42% chance that Ethereum could rush through the lower blue zone and drop below the support at $883, thus triggering further descent.
BINANCE:ETHUSD
by MarketIntel
ETH Daily TA Neutral BearishETHUSD Daily neutral with a bearish bias. Recommended ratio: 48% ETH, 52% Cash. *JOBS REPORT WATCH. DXY and US Treasuries are dominating headlines again and pulling liquidity from markets as DXY hit $110 in today's session for the first time since September 2002. The 9th GDPNow US Q3 GDP estimate came in at 2.6% today compared to 1.6% on 08/26/22 ; this adds to the basket of recent bullish economic data leading up to tomorrow's Employment Situation. Cryptos are currently attempting to lead a corrective bounce in Risk-On markets after a Jackson Hole inspired sell off. Equities, Futures and Commodities are all down while DXY, US Treasuries, VIX and Cryptos are up. Something to keep an eye on regarding Cryptos next week is the due date for responses to the Biden Admin's Executive order on cryptocurrencies from market regulators and the US Treasury, Commerce and Justice Departments. Though mainly focused on the viability of a CBDC and its implementation, it will also help clarify which regulatory agencies are responsible for what in the cryptocurrency industry. Interestingly it will also discuss Proof of Work mining and its burden on ESG policies just days before Ethereum is set to transition to Proof of Stake. The Merge is still scheduled for launch on Ethereum's Mainnet 09/15/22 . Bitcoin Maximalist Michael Saylor is being sued by the Washington D.C. Attorney General for alleged tax evasion . Key Upcoming Dates: August Employment Situation 830am EST 09/02 ; 6th Beige Book at 2pm EST 09/07; August CPI at 830am EST 09/13.* Price is currently trending up at ~$1566 and deciding between an Ascending Triangle breakout or a Bear Flag breakdown, the next resistance is the 50 MA (~$1640) which it has tested in the previous two sessions. Volume is Moderate and on track to favor buyers for a second consecutive session if it can close today's session in the green. Parabolic SAR flips bullish at $1683, this margin is mildly bullish at the moment. RSI is currently trending up slightly at 45 after successfully defending the descending trendline from 07/17/22 as support at 37 support. Stochastic remains bullish and is currently testing 47 resistance with no signs of peak formation. MACD remains bearish and continues forming a trough at -46 minor support, if it can break above -22 it would be a bullish crossover. ADX is currently trending down slightly at 22 as Price is trending up, this is mildly bearish. If Price is able to continue higher then it will likely retest the 50 MA at ~$1640 as resistance for a third consecutive session. However, if Price breaks down here, it will confirm a Bear Flag formation which would likely have Price retest $1427 support . Mental Stop Loss: (two consecutive closes above) $1711.
COINBASE:ETHUSD
by dailytaguy
Ethereum at 61.8% fib?Ethereum Intraday We look to Sell at 1608 (stop at 1631) Our short term bias remains negative. Selling continued from the 61.8% pullback level of 1607.04. There is scope for mild buying at the open but gains should be limited. We look for a temporary move higher. Preferred trade is to sell into rallies. Bearish divergence is expected to cap gains. Our profit targets will be 1529 and 1501 Resistance: 1610 / 1700 / 1800 Support: 1529 / 1500 / 1450 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
SAXO:ETHUSDShort
by Saxo
1