ETHUSDT 1D The latest growth Ethereum priceMore than a month ago, we published the ETHUSDT trade with +84% return (our take profit $2024, maximum $2029)
We warned that in this liquid zone it is better to cover longs, because a correction may begin.
Given that the transition from PoW to PoS is planned to be completed between September 16-19, we take these dates as a basis.
We suggest that another wave of ETHUSD price growth is more than real.
The first target for growth is $2500 , although the next liquidity zone is wide $2500-3100.
Critical point - $1300 above this level, the growth scenario is relevant, below - not
In mid-September, you should either keep a short stop on a long position, or partially/completely cover it, because it is difficult to guess how the market will react to the shutdown of ETH mining.
This news can both create a deficit super Ethereum price growth, and the price can collapse due to the lack of speculative price component
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Ethereumforecast
ETHEREUM: IN DANGER OR A FALSE DROP?Hello traders, I hope you guys are doing great. Here's a quick analysis of ETH.
Timeframe: 8 hours.
Update: ETH broke down below the support trendline, re-tested the support, and now dropping down. We have a support range between $1700 to $1800, and ETH must hold this level if not then $1600 would be decent support for ETH.
Be watchful with your trades, guys.
Ethereum @$1,699? No worries. Healthy correctionIf you take a close look at the general trend of ethereum you should not falter.
The current correction is absolutely within the expected if you are to maintain a bullish Eliott Wave count.
Wave 4 is on its way and already in completion zone. It can go further, yes, and the channel shows that.
No worries, normal thing. Long
ETH Daily TA Neutral BullishETHUSD Daily neutral with a bullish bias. Recommended ratio: 55% ETH, 45% Cash.
*Cryptos and Equities both saw minor corrections at critical resistance levels after China's weak economic data, the Fed minutes and this week's barrage of recession-fear inducing US economic data (declining housing market, tightening credit market, shrinking GDP estimates, flattening retail sales), but both are now trending up in today's session. In what is now seemingly 2022 fashion, Precious Metals (aside from Copper and Palladium), VIX, Treasuries, Agriculture (aside from Oil and Soy) are all down while DXY, Cryptos and Equities are up. Yesterday's 6th GDPNow Q3 estimate came in at 1.6% compared to the one the day before (08/16) at 1.8%. The Merge is still estimated to launch on Ethereum' Mainnet 09/15/22 . It has also been disclosed that Coinbase has a 15% share of the current supply of ETH and stands to benefit from The Merge, however CEO Brian Armstrong also mentioned that they could shut down ETH staking if they came under regulatory threat from the SEC or US Treasury Department. Key Upcoming Dates: S&P US August PMI at 945am EST 08/23; US Q2 Final GDP Estimate at 830am EST 08/25; US July PCE at 830am EST 08/26; UofM Final August Sentiment Survey Index at 10am EST 08/26; Jackson Hole Economic Symposium on 08/25-08/27.*
Price is currently finding a bit of support at $1850 after it was rejected by $1941 resistance again in yesterday's session. Volume remains Moderate (high) and is on track to break a four day streak of seller dominance if it can close today's session in the green. Parabolic SAR flips bearish at $1819, this margin is mildly bearish in the very-short-term. RSI is currently trending up at 60 after bouncing off the uptrend line from 06/18/22 at ~58, the next resistance is at 77. Stochastic is currently testing 18 support and is currently beginning to form a soft trough. MACD is in its first day being bearish and is currently trending down at 103; because this is a lagging indicator there is a chance that the bearish crossover is relatively short-lived so it's important not to overreact. ADX is currently trending sideways at 34 as Price is attempting to find support to push higher, this is neutral at the moment.
If Price is able to bounce here then it will likely retest $1941 resistance before potentially breaking out higher to test a trio of resistances (the 200 MA + the 50/50 uptrend line from February 2017 + the upper trendline of the descending channel from November 2021) at ~$2200 as resistance . However, if Price continues to break down here, it will likely retest $1711 minor support . Mental Stop Loss: (two consecutive closes below) $1800.
Ethereum ready to shoot lower? Ethereum
Intraday
We look to Sell a break of 1847 (stop at 1896)
2026 has been pivotal. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Short term MACD is moving lower. A break of the recent low at 1848 should result in a further move lower. 50 4hour EMA is at 1872. Short term momentum is bearish. 20 1day EMA is at 1770.
Our profit targets will be 1723 and 1693
Resistance: 1930 / 2000 / 2100
Support: 1850 / 1800 / 1750
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Ethereum forecast and signalLearn and Earn!
after reaching the resistance line ( first target ), we have two scenarios,
first: directly growing and hitting the last target.
two: pullback and reach the stop loss.
So after hitting the first target (which is a resistance line in this position too), close half of your trade and move the stop loss to the entry price.
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Pay attention!
First: Trades have a time term , and in this case, it's from now until the next 12 hours. (You can also see it in the diagram)
Second: You can see the entry price in the chart.
Before the price crosses the mentioned place, the trade position is not Active.
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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
Ethereum forecast and signalPlease pay attention!
First: Trades have a time term , and in this case, it's from now until the next 11 hours. (You can also see it in the diagram)
Second: You can see the entry price in the chart.
So for this one, the trade is activated when the price reaches and crosses $1935 (USDT)
Before the price crosses the mentioned place, the trade position is not active
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Please write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions.
Thanks for your attention
Detailed analysis of price behavior of ETH during previous forksHello dear readers!
ETH 2.0 - hard fork of Ethereum that will improve scalability multiple times by switching from PoW (Proof of Work) to PoS (Proof of Stake)
Scheduled on september 19 . Only a month left.
As ETH 2.0 approaches and everyone is buying Ethereum, question is opened - How much will we grow and for how long should we Hodl?
The goal of this post is to provide you with answers to this question by analyzing price action during previous hard forks. Lets go!
DAO
The DAO fork was in response to the 2016 DAO attack where an insecure DAO contract was drained of over 3.6 million ETH in a hack.
Price grew 30% in 3 days, afterwards dropping -50%.
Nevertheless, if you would be a crypto believer at that time and wouldn't sell your tokens, in a year from a 10000$ you could have made up to 335000$
Byzanthium
This forked allowed layer 2 scaling and reduced block mining rewards from 5 ETH to 3 ETH
Price dropped 20% in the first week but overall rose by 430% in just 4 months. Holders were happy.
Constantinople
This fork:
• Ensured the blockchain didn't freeze before proof-of-stake was implemented.
• Optimised the gas
cost of certain actions in the EVM.
• Added the ability to interact with addresses that haven't been created yet
Price dropped almost by 10% in 5 days after launch, but if you wouldn't get scared you would earn 180% profit in 5 months as a holder.
Istanbul
Basically, a lot of scaling and security improvements.
Price dropped by 20% in 10 days, weak hands sold. Afterwards price rallied 95% in 2 months. In 9 months it rose 220% 🔥
Do you see a pattern?
Beacon Chain genesis
• Introduced staking on ETH chain
• Successfully started producing new blocks on Beacon chain. One step closer to ETH vision and PoS.
Price dropped 15% in first 10 days, afterwards it rallied 650% in 6 months.
Conclusion
By looking at all those examples we can see a pattern:
1. Price dropps 7-10 days after Fork
2. Then it rises minimum 2 months and sometimes longer giving us profit of at least 100%.
Hope this information was useful to you. If it was, drop a like and a comment so I will write such time-consuming educational posts in the future. 📄🖌
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself 😊
Both Scenario of ETHUSD is Bullish now This is my Forecast based on Harmonic Elliot wave counting for ETH in long term.
But in apposite scenario even if we are in Bearish Impulsive cycle, we should be in wave – ii – of that scenario.
So it doesn’t matter we are in the end of wave ((IV)) of Bullish cycle or , we are in the end of wave – I – on Bearish scenario .
in Both of this scenario we expect Rally on this level .
Don’t forget we are exactly in Monthly Resistance that can reject the price very strongly
to even Break the ETHUSD High in 4800 USD .
Good luck .
Ethereum forecast / Signal updateAs you can see, the price entered a neutral channel since last night.
Now we see two paths for the price, ascending and descending depending on the conditions (it is 50-50).
If the resistance breaks at the top of the channel and the break is confirmed, it will continue to move bullish.
In case of failure of support at the bottom of the channel, the direction will be changed and bearish.
The probability is 50-50 in terms of technical analysis, but in terms of fundamentals and of course the volume of buyers, I think it is 60% bullish.
$ETH - BULLS ARE IN CONTROL BUT FOR HOW LONG?!$ETH - BULLS ARE IN CONTROL BUT FOR HOW LONG?!
$ETH Great pair it has been with strong fundamentals as we get closer to Merge and various other factors such as the use case of ETH is far strong than BTC. It's like comparing Gold with Silver, Silver you can use that in various other components where as Gold, it's more of storage value not much use case. It's same view I have (IMO) on BTC vs ETH. BTC use case very minimum compared to ETH there are various investment institutions building exchanges and various other mind blowing projects out there which makes sense to me on ETH, now technically we can even go step further and compare the chart of ETH/BTC as you can see through Trading view previous posts. We could even now take in fundamentals this week US retail sales etc the market has been moving regarding cryptos with data that comes out as well.
However, as far as I am bullish brought at lows of 1.2k Longer term positioning for me is key. I don't trade cryptos for shorter term movement but I also know traders that do and you can make capital out of shorter term trades when it comes to cryptos! For now we are at 2k technically within channel resistance is near 2.3-2.5k I think we will reach there but I'd love a pull back towards 1.5/1.7 areas to get in further. However, even if we don't get pull back at this moment of time I am not going to chase it I am happy with areas I have brought and have no worries and yes there will be FOMO a lot of it at these levels. I'd advise to be careful don't get into the FOMO. There are always trade opportunities even if we go above resistance of 2.5k could be good opportunities to see where it pull backs and then get in long at suitable level OR you could even short it. Whatever suits your OWN trade plan is key and ignore the outside noise you will always hear.
Have a great week ahead,
TJ
ETHUSDT 3D Where to buy a long position for the medium term?To see the general picture from the ETHUSDT chart, we consider it on a 3-day time frame.
The good news is that during the strong fall in the crypto market in June 2022, ETH buyers managed to keep the price in the liquidity zone of $1000-1250
At this moment there is consolidation and, most likely, a set of long positions in the price range of $1000-1250
Confident long on the ETHUSD trading pair after fixing the price above $1250. Since currently the Ether price cannot be fixed above $1250, there is a possibility of another price correction down to the level of $1100 for Ethereum.
However, the probability of a sharp drop ETHUSDT price below to the $600 area has also greatly decreased.
As it can be seen that in the liquidity zone of $1000-1250 there is a decent fight between buyers and sellers on increased volumes, and currently it looks like the buyers are winning.
The situation on the ETHUSDT chart will start to look bad again if the sellers manage to fix the price below $1,000.
Based on the above, you can try a medium-term trade under the following conditions:
Entrance $1100
Stop $880 (-20%)
Take profit $2024 (+84%)
The profit/loss ratio is 4/1
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)