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Ethereumforecast

Ethereum Analyze (Important Trend line)!!!🔔Ethereum was able to break the important Trend line by Bearish Marubozo Pattern (with high volume), and when I saw this pattern & volume, I was more sure about the break (Valid). Ethereum passed the pullback to the important Trend line by low volumes these days. I expect that Ethereum will go down to at least the support zone. 🟢Support zone🟢: 997$-880$ ❗️ Note ❗️: If Ethereum can go up more than 1700$, the Scenario will change (Low possible). Ethereum Analyze ( ETHUSDT ) Daily Timeframe⏰(Log Scale) Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BITSTAMP:ETHUSDShort
by pejman_zwin
9
Ethereum - "News rally" doomed to fail? After we abandoned our bearish bias on Ethereum last Friday, it rose by more than 30% just within three days. The media's narrative is that this move comes as “the merge” approaches Ethereum, which will drastically decrease its carbon footprint. That will be allowed due to Ethereum utilizing proof-of-stake instead of proof-of-work, which it currently uses to solve complicated mathematical problems in return for the cryptocurrency. Despite that, technical factors also strongly contributed to the recent price rise. However, we would like to voice a word of caution as bearish fundamental factors will persist throughout 2022; these elements include higher interest rates in the U.S. and around the globe, economic tightening, and an increasing prospect of a global recession. Because of that, we still believe that Ethereum has not bottomed out. Indeed, we think the current price bounce may turn into an ultimate bull trap as we continue to see mounting calls for the bottom and market participants trying to buy every possible dip. Such behavior does not reflect market capitulation. Additionally, the magnitude of moves does not reflect the bull market. Instead, it hints at classic bear market rallies, which are often fast and strong. Therefore, we think the current price is attractive for short re-entry, which should be accompanied by tight stop-loss (as we still see limited upside for ETHUSD). Illustration 1.01 The yellow arrow indicates the bullish breakout. We will pay close attention to the volume and if it is sufficient to sustain the rally for a little longer. Technical analysis - daily time frame RSI is bullish, and if it breaks above 70 points, then it could elevate ETHUSD higher. However, if it fails, then the trend reversal might be imminent. Stochastic is bullish. MACD is bullish. The same applies to DM+ and DM-. Overall, the daily time frame is bullish. Illustration 1.02 Long-term moving averages, 20-week SMA and 50-week SMA, remain bearish. Moving averages on the daily chart are less bearish; however, the bullish crossover did not occur yet. Technical analysis - weekly time frame RSI turned bullish recently. MACD and Stochastic are neutral. DM+ and DM- are bearish. Overall, the weekly time frame is turning neutral. 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.
COINBASE:ETHUSDShort
by Tradersweekly
49
ETH heading strong resistance and good support levelshello all i think we breakout from a range area and surpass the 1280 resistance. now we reach 1650 resistance and the market react to it. so i think we have a pullback to 1300 area and after that toward 1650 again and repeatedly react to 1650 resistance and after that will go for 2000 resistance. also maybe we have a 50% correction of this impulse wave that shows the 1300 level too. Etherum has good fundamentals according to merge upgrade.so this targets are reachable in coming months. share me your opinion in comments.
Short
by TraderAmin-KZ
2
ETHEREUM: HOLDING THE SUPPORT.Hello folks, here's a quick update on ETH. Timeframe: 2 hours. Update: ETH is at the edge of a bounce back or a drop-down. Things are pretty clear and I don't need to explain much. If ETH breaks and closes below $1500 then $1366 would be the next support level. and if it bounces back then ETH will face the 21 MA resistance and then the upper trendline. Conclusion: Be ready for both long and short opportunities. I'll update more on this, until then trade safely.
by Dexter_The_Trader
2
ETH/USDT - Potential Short ScenarioHello Traders! ETH price has been consolidating in a narrow range for a month. The trigger for the price to go up was the announcement of Ethereum's transition from Proof of Work to Proof of Stake, which is planned for September 19. A corrective movement is developing at the moment, the goal of such movement will be to collect liquidity near the mirror level of $1740, which acted as a strong support level between 2021 and 2022, now, this level acts as resistance. On the basis of the analysis of the older timeframes, it is possible to assume about the continuation of the main downward movement of the price after liquidity gathering near the level of $1740. Medium-term purchases are better to be gained in parts near the support levels of $1005 $800 and $615. Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
COINBASE:ETHUSDShort
by UnknownUnicorn10064030
ETHUSDT: Elliott Waves Intraday TradingHello everyone! The price of Ethereum rose within my expectations in wave 5 of wave C; and the big wave 4 is coming to its conclusion. Already now you can get ready to look for good entry points into a short position; for example, on the price breakdown of the local trend support. It is possible that in the next month Ethereum price will update the historical minimum and once again disappoint the cryptocurrency community, which is already fully confident in the price reversal. P.S. Vitalik Buterin will probably not sleep well very soon) The continuation of growth can be considered only with the formation of a corrective trend continuation pattern in the price range of $1600-$1300. Best Regards, CEO Tornado Capital
Short
by HurricaneCapital
2
ETHBTC - LT View!ETHBTC - LT View! Crypto isn't always everyone's cup of tea, but I be honest it is part of my portfolio of investments and also will be... Cup & Handle longer term, bullish momentum could continue further in ETH with the merge to continue and stated that there will be a various upgrades implemented one being - “Ethereum today can process about 15-20 transactions a second. This Ethereum including the rollups, including the sharding it’s going to be able to process 100,000 transactions a second,” Buterin said. Now this pattern could fail if we go below the EMA's. Now the more I personally research into the fundamentals behind ETH and the various institutions out there, building various projects on top of ETH for me in my personal opinion which isn't investment advice I have am further bullish on ETH longer term 6-12months perspective and this will then I will be looking at various alt coins that again, research taken into in depth, It's early days the pull back brings out further great opportunities within this market. Have a great weekend. TJ
by Trade_Journal
Ethereum Closed below EMA 34In 2 days TF Ethereum closes below EMA 34 is a sign of weakness. Also, This is crypto's first recession. How come we can compare it with the last cycles. We need to keep an open mind and keep looking and the market and see how the chart is making in the process and then only we can play in the market. Save your hard-earned money folks. Most of us are struggling here to make a good living out of it. If you can afford then DCA is the best option. We don't need to catch the bottom or sell the top. We can stay in between, take our fair share and watch the market players to manipulate.
Short
by The3eyedFrog
🔃✅💲Short term reversal for $ETH confirmed! #Ethereum 🚀🔜✅This chart is meant to show the confirmation of the reversal in the $ETH price. This is shown on the BYBIT:ETHUSDT chart, because of the higher (more speculation based) trading volume. It is currently showing strong confidence in traders for #Ethereum. As shown, during the downtrend that $ETH has been in, there were multiple closes below the lower Bollinger band. These each signaled further $ETH price suppression at the time. After finding a possible bottom, then ranging sideways in what is now the current range of support, $ETH price finally broke out above the top of the range. This is very likely due to a short squeeze, however I believe that it being in conjunction with the recent bounce in $BTC and other cryptos, has allowed for confidence to be restored in $ETH price growth(at least for the short-term). Breaking above the range, with very tightened Bollinger bands, $ETH price managed to close above the upper Bollinger band multiple times. This is the first time this has happened on the daily chart since we had one (very brief) close above it, in October last year. To me this signals a (possibly very strong) reversal for #Etherem. Going forward, I would personally expect a move up to the current strong resistance level around $2,100-$2,200, then a retest of the previous range-high/resistance, flipped to support. After that would be when I would assess everything to see if this confirmation truly has the merit that I personally believe it has. Any strong close above $2,500 would be a very strong confirmation of this theory, and a close below $1,100 would possibly invalidate this whole theory. **This is all my opinion, based on chart data. This is not financial advice.**
Long
by DoozerInvest
Ethereum Analyze (Road Map)!!!🗺️Today, I want to talk about Ethereum Roam 🗺️Map🗺️. Ethereum is moving in a Symmetrical triangle that made microwave 4 of Main wave C. The end of Main wave C is close to us, and I showed you the target of the end of Main wave C in my Chart. Where is the end of Main wave C ❗️❓ 🎯Target🎯: 780$ until 705$ Ethereum Analyze ( ETHUSDT ) Daily Timeframe⏰(Log Scale) Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BITSTAMP:ETHUSD
by pejman_zwin
11