ETH Dominance Pivot Point0.618 can be seen as a pivot point, prior rejection at this level, even though a bounce was seen at the 50MA
Now price is at the 50MA and above this pivot point level, the dominance is likely going to bounce again (as seen previously) off the 50MA and push Ethereum's dominance higher.
This aligns with my current stance on ETHUSD
Ethereumlong
Using another indicator ETHUSD Using this indicator called "McDonalds" We can see how ETH has touched for the second time along this curved "parabolic" trend
It is a nice buy signal.
Points labelled 1,2 are comparable points to what we are seeing now except on a much larger scale
Last leg of bull for ETH imo
ETHEREUM BACK TO THE RESISTANCE.Welcome members to this ETH update.
If you had followed my previous ETH update then you have witnessed how perfectly ETH bounce back from the support level. ETH so far is doing great and it is back to the same resistance level. If ETH manages to break this level then we can expect some higher rally towards $3400 or even higher. RSI continues to show some good momentum which is good for ETH.
Now, all we need is a break out from this current resistance.
What do you feel about the current ETH price?
Let me know your ideas in the comments below.
If you are new or viewing my post for the first time then do follow up for more interesting updates.
Thank you.
ETH Ethereum Price TargetAfter ETH hit the support level and bounced from it:
Now I see the $3300 resistance as a possible price target for Ethereum in the war context right now.
People will also consider digital currencies to preserve capital especially in Russia, where the national currency is at all time low against the US dollar.
In case of a sell-off, the 1800-2200 area is a buy opportunity in my opinion.
ETHEREUM Long TermEthereum is moving in the upward channel in the long run and after hitting the bottom of the channel, this level was maintained with the support of buyers.
To continue the uptrend and end the downtrend, the downtrend line in the daily timeframe should be broken and buyers should be able to stabilize the price above the resistance of 3400$.
Short-term holders that have not been purchased before can enter the downtrend after breaking the downtrend line and hold up to the specified resistances or the channel ceiling.
This Analyzing Will be Updated.
👤 AmirHossein
📅 02.08.2022
⚠️ (DYOR)
ETHUSD 2/3/2022 OutlookCurrently I am still hodling ETH
My view on the left side of this chart shows a double bottom along the 50% line of a used indicator.
I have been watching the chart on the right (monthly) for a little bit now and see a preceding small pullback, which "soon" will be followed with a MASSIVE green candle, just completely disregarding this recent dip buy opportunity.
I see ETH going to at least 8 - 10K, perhaps even further.
ETHEREUM LONGS 📉📉📉📉 From a weekly perspective on a long term basis i am LONG on ETHEREUMS as price is in a bullish market strucutre coming back to fill the w1 imbalance and rejects the bullish orderblock on the same timeframe, if price is not closing bearish below 2000 i will look only for LONGS right into w1 imbalance 3600 or ATH's. We are in EXTREME FEAR right now in the crypto market.
What do you think ? Comment below..
ETH finds a long term support !After the last red days, ETH is now on the edge of its Weekly SSB, lost in its Weekly Cloud.
This support, located at $2300, is a solid one and Daily Lagging Span can support prices for a possible bounce.
First target : Daily Tenkan at $2720 .
Beware that Monthly Kijun is currently above prices, it would be nice for ETH to go back above it before the end of the month.
If SSB breaks, a solid lower support is located at $2,200 ; the Monthly Kijun.
Let's look at the evolution !
Ethereum: Make U-Turn! 🛣 If Ethereum had a satnav, it would be like: “…at the lower edge of the orange-colored zone, make U-turn and follow the road northward.”
Ethereum has finished wave iii in orange at the lower end of the orange-colored zone between $2402 and $2195 and has already started wave iv in orange. This countermovement should lead the price into the second orange area between $2710 and $3325. As long as it does not develop any new interim lows, Ethereum should ideally reach $3050 before beginning wave v and turning around again to go back though and below the orange belt between $2402 and $2195.
*******Ethereum Weekly Cypher - Case for long entry***********ETH has showed rejection at a weekly cypher pattern and also tested a monthly support zone
Looking for initial targets at a re-test of the highs gives us a nice RR for position 1, and for the more aggressive you can aim for extended targets with a 2nd position
Stops ticked below the monthly support
Personally I have entered and bought more Ethereum and have used this as entry into a longer term investment (5-10 years) but have shown potential targets for a shorter duration exit
ETH/USD EVERYTHING MARKED DOWN, EVERYTHING MUST GO! Bag Time^My 'hardwood area" price range is where I approximate the bulk of the institutional support to be for my precious falling ETH....It is looking like if the trigger is to be pulled, we may be coming up on the time to get in the proper stance and take aim. I would hate to see Ethereum fall through that beautiful wooden floor, but I think if we get there then there may be one more support area just above $1200?!?! Am I really talking about $1200 in a thread analyzing Ethereum in January 2022?! Well my friends...let the test for the leader in stable blockchains begin. Will you pioneer this young but potentially groundbreaking change in the worlds financial system as one of the leading blockchains? Or am I looking at a smaller, much quicker AOL (to compare it to it's lucrative predecessor, the dot com bubble). Will other blockchains like Cardano, Solana or Fantom gain traction, combine low energy and the scalability that Polygon offers #BUYMATIC to surpass the original bloackchain king? I guess I just typed out the question that is on everyone's minds anyway huh? Well I hope there are some expert traders out there that want to take a young trader (been trading for about a year) under their wing, or just offer some feedback on my approx future price movement guess for the next 3 months or so....Thank you guys, and I appreciate all the help that anyone can give. I have never tried to absorb so much information in my life, so there is a very good chance I may be missing several things...best of luck trading guys, let's get some of all of this money, huh?!?!