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Ethereumidea

ETHEREUM: AT THE RESISTANCE.Hello traders, welcome to the ETH update. Timeframe: 2 hours. Update: In my previous update, I mentioned two important support levels, $1500 and $1366. After the chart got posted, ETH did bounce back but quickly got rejected from the resistance level, it stayed for a while in the $1500 level but then got further rejected towards the second support level $1366. To be precise, ETH bounced back exactly from $1356, and then you know what happened, the FOMC news and a straight 31.5% pump. Current Scenario: With the recent bounce back and rejection, ETH has formed a new trendline on both sides. The new resistance level is at $1750 and the support is still at $1366 to $1385. At present, ETH is getting rejected from the above-mentioned resistance level. The closes support for ETH is the $1650 where we have the horizontal support and the 21 MA. If ETH has to bounce back then this is good support. A further rejection could be an issue for the bulls. Conclusion: The market is way too green, a short-term correction is needed to maintain the balance. I will update more on this until then trade safely. Thank you.
Short
by Dexter_The_Trader
2
ETHEREUM: BULLISH EXPANDING CHANNEL FORMATION.Hello, dear members. welcome to this Ethereum update. Timeframe: 18 hours. Update: ETH lately, showed some greens which were good for the market. The current scenario of ETH is under a bullish expanding triangle which technically is bullish. It is testing the resistance at $1240. This is quite a decisive moment for ETH. If it successfully breaks and closes above the resistance level then we can expect some good rally. But if it gets rejected from the resistance then the trend will get reversed and we may see some drops. Fundamentals: ETH is having a conference meeting on the 19th of July 2022. The Ethereum Community Conference (EthCC) is the largest annual European Ethereum event focused on technology and community. What is your opinion about ETH? Do you think it will rally higher or will it drop badly? Let me know in the comments. Do show your support with your likes and if you don't wanna miss any updates then follow my channel. Thank you.
COINBASE:ETHUSDLong
by Dexter_The_Trader
2
Ethereum: BlueI’m blue Da ba dee da ba di Da ba dee da ba di Da ba dee da ba di In case you won’t get this Eiffel 65 song out of your head today – sorry! However, blue is indeed Ethereum’s preferred color scheme in our chart. From its current position in the lower blue zone between $1295 and $2164, Ethereum should rise into the upper blue zone between $2305 and $2472 to finish wave (iv) in blue. Then, it should drop back into the lower blue zone, making it even as far as the overlapping yellow zone between $1743 and $589, in which wave (2) in yellow should end.
BITFINEX:ETHUSD
by MarketIntel
ETHEREUM IN DANGER???Hello members, welcome to this ETH update in 3 days timeframe. This certainly doesn't look good. ETH made an H&S pattern and then doom. A -32% drop so far has liquidated many traders' hard-earned $$$$. We can see certain support levels at $1790, $1445, and $1050. Most likely ETH can bounce back from any of these support levels but will it be too late for the market to recover all these losses? Things are quite skeptical here and we must stay extra cautious if you are holding any coins. As the ETH is dumping badly, the RSI is dumping too and it has reached the oversold area. The only direction the RSI goes from here is in the upward direction. So, if not support 1 then support 2 could be the bounce-back level for ETH. Let's see what comes next. Thank you.
COINBASE:ETHUSD
by Dexter_The_Trader
Ethereum: Greens 🥬Ethereum has resolved to eat more healthy food. Thus, it has added a lot of greens to its diet, as is visible in our chart. First, it should take a bite of the middle green zone between $2169 and $1542 to finish wave 3 in green. Then, it should climb upwards to complete the countermovement in wave 4 in green. Afterwards, Ethereum should resume the descent below the support at $1711 and into the lower green zone between $1590 and $1349, where wave 5 in green should end. However, there is a 35% chance that Ethereum could decide to take a mouthful of the upper green zone between $3249 and $3481 before moving downwards again.
BITFINEX:ETHUSD
by MarketIntel
ETHEREUM: A PERFECT RETEST OR A DUMP???Welcome members to this update on ETH. If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market. Let's get back to the chart. Ethereum made a bold move by breaking out above the trendline but it wasn't enough to trigger the $3k resistance level. If we consider the horizontal resistance level then it is rejection but if we consider the trendlines then it is a retest before the big jump. To get a clear picture of this, we will have to monitor some key areas. 1. ETH is holding strong support at 21 MA which is exactly above the upper trendline. If you followed my previous update (link in the description) then you will know that so far ETH is exactly following the path I analyzed. 2. The only confirmation of whether ETH is bearish or not lies on the current support level. If ETH breaks down below $2.8k then we can expect ETH to reach the bottom trendline. 3. Looking into the positive side, even if ETH bounces back from the current support level, it still needs to break through the $3k resistance level which will be a real challenge for ETH. And once we are through it then $3.2k, $3.4k, and $3.6k will be the levels for ETH. So, $2.8k is an important level to keep an eye on along with the $3k resistance level. Note: This is not financial advice. This update is for educational purposes only. Let me know what you think about this idea and if you like it then do share the link wherever you can. Let this idea reach as many traders as possible. I will cover more on this until then stay safe and trade well. Thank you.
COINBASE:ETHUSD
by Dexter_The_Trader
6
Ethereum: Do-it-yourselfer 🪛🔨🔧If you decide to become active in craftsmanship and plan to put up a picture all by yourself, you might want to check the relevant wall for current lines first before hammering or drilling straight on. Quite similarly, Ethereum is currently scrutinizing the orange wall between $2402 and $1861 to find just the right spot to enter it. For we expect Ethereum to bore into the orange zone to complete wave v in orange, wave c in blue and wave ii in magenta. Afterwards, it should take off above both the resistance at $3412 and the one at $4865 to appraise its handiwork from a distance.
BITFINEX:ETHUSD
by MarketIntel
1
ETH Ethereum: 1D Chart Review Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Ethereum ( ETHUSD ). The chart is self-explanatory. There are many bearish signs so be careful when considering to trade Ethereum. Included in the chart: Support and Resistance Lines, Ichimoku Cloud, VPVR (Volume Profile Visible Range), 50 Simple Moving Average, 200 Simple Moving Average, Volume, Bear Pennant, Ascending Wedge, Descending Wedge, RSI. 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
COINBASE:ETHUSD
by MillionaireEconomics
2
The ETH might break this channel, so pay close attention 😲😲There is some uncertainty on the Ethereum chart, locally you can see that the ETH is trading in a channel along the lower boundary, as the price rises we can also see the volume decrease, which is not a good signal, if the price breaks this channel and tests it as a resistance, it might be a good opportunity to go short with the targets noted below. Write in the comments all your questions and instrument analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
16
Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/02/25Hi guys! I will be sharing the trades that I take in real time, follow to see how my trades work out! If you like this post, please support me by clicking the like and follow buttons. Also feel free to share your thoughts and analysis in the comments below! And don’t forget to check out my daily analysis on Bitcoin, Ethereum, and Altcoins! Market Overview Price Action: After crashing more than 33% from a high of $2042 to a low of $1355, Ethereum rallied 26% to a high of $1712. It has however so far failed to strongly close and trade above the 200MAs, indicating that buying pressure is so far not big enough to confirm a definitive end of the correction. While it is likely that the correction is over and the bottom of this correction has been put in, until we retest the 200MAs as support instead of resistance, there is a non-trivial probability that the current rally is a dead cat bounce before another leg down. What happens today and tomorrow will be very important in determining the short to medium term trend. Chart Patterns: N/A Areas of Interest: The area(s) of interest for me are the 61.8Fib @ $1780. Once price reaches one of these areas, I will monitor for entry confirmations. If the entry confirmations are aligned, I will take a trade and share the my trade in real time. Trade Setups Below are the potential trade setups that I would be interested in trading: Short Trade Setup #1: Retest and Continuation (61.8Fib) 1. Price Action: Price needs to move back up to the 61.8Fib @ $1780 and bounce back down. 2. Trade Entry Confirmations: Bearish candlestick pattern, above average volume, MACD topping out My Recent Trades 2021/02/21: I had a losing trade. I entered a long @ $1,970.0, with Stop Loss @ $1,868.6, and stop loss hit. 2021/02/20: I had two winning trades! I entered a ETHBTC long @ 0.035325, with Stop Loss @ 0.034577, and price reached a high of 0.036682, giving a risk reward ratio of 1.8:1. I entered another trade ETHUSDT trade long @ $2,003.1, with Stop Loss @ $1,965.6, and price reached a high of 2,022.0, giving a risk reward ratio of 0.5. 2021/02/07: I had a winning trade! I entered a short @ $1,605.00, with Stop Loss @ $1,628.14, and price reached a low of $1,563.9, giving a risk reward ratio of 1.8:1. About Me I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016. I have worked on Wall Street trading bonds, stocks, and options. I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward. Why Follow Me Daily analysis on the latest market movements and price zones for high probability trade setups. Sharing of live trades that I take. A great place to help each other, learn from each other, and grow together. Trading education including a comprehensive cryptocurrency trading eBook, personal advice, and other educational materials Constantly testing and adding new trading strategies and refining battle-tested ones. DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk! Please support me by liking and following, and sharing your ideas and analysis in the comments! Thanks!
by cryptotraderog
3
CountOnCrypto - Ethereum Forecast - 01/02/2021COINBASE:ETHUSD has been performing well in the past week, it has seen a lot of battles due to the extreme volatility of COINBASE:BTCUSD . As shown on the xRSI_KDJ_SMA indicator, Ethereum appears to be bottoming out, I believe this is a good opportunity to long a retest of the upper resistance. I will be taking profits between now and the upper resistance line adjacent to the .786 Fibonacci retracement level. If you trade this please use risk management, I always manage risk with a stop loss or low margin, study the market before you enter any trades or risk your money. I never claim to be 100% accurate, the market can often change direction unexpectedly! My trading strategy accounts for unforeseen circumstances due to my experience and knowledge.
BYBIT:ETHUSD.PLong
by CountOnCrypto
19