Ethereum (ETH/EUR) UpdatesUpdate on Ethereum , on this Sunday at the end of September.
After the price hit the two targets I had predicted in the previous article, it kissed € 3,387 on September 3, and then suffered, following Bitcoin, the heavy sell-off of September 7, which reversed the trend of the largest share part of the cryptocurrencies.
At this time, although we are still clearly in a bearish trend, we can see that the price reacted three times to € 2350. We could find ourselves facing an upward reversal, with the probabilities that will increase if the daily candle today or in the next few days closes above € 2706.
The relative strength of Ethereum always proves to be on a par if not even greater than that of Bitcoin and it is no secret that many institutions consider it even more important, in a future key than the mother of cryptocurrencies.
If the scenario were to come true, my updated medium-long term targets are:
- € 2800 (accumulation lasted the entire month of August)
- € 3200
- € 3600 (all time high
If the price should break the € 2260 then we should start planning new fats (in the case of buy & hold) or a stop-loss if you trade. In any case, interesting entry levels in my opinion are:
- 2000 € (psychological threshold and resistance in July)
- 1500 € (very important level, double low which marked the restart of the positive trend in July)
Happy Sunday everyone and good trading.
DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
Ethereumlong
ETH defends its positionCurrently the market is very dynamic, but I can see that ETH despite the corrections is returning to its levels, this shows that it has a strong position and predisposition to a new ATH in the near future, but it is worth setting a stop loss and after a possible correction, buy more ETH at a lower price and hold on LONG (I think this is the safest way now)
ETH Needs This Crucial Level Ahead Of Approach To $4,000
Ethereum is doddering at $3,100 after failing to break the resistance at $3,200.
The MACD may call more buyers into the market if Ether confirms a break above $3,200, a move that could bolster ETH toward $4,000.
Ethereum moved with its peers on Thursday and managed to reclaim the ground above $3,000. As reported earlier this week, the prominent smart contracts token had plunged to $2,650 amid a highly volatile cryptocurrency market. Ether also extended the bullish leg above $3,100 but stopped before brushing shoulders with $3,200.
Bitcoin has also been lethargic in its recovery after testing support at $40,000 this week. The largest cryptocurrency closed the gap to $44,000 but is yet to confirm a breakout above $45,000.
Ethereum Must Close Above $3,200 To Validate Upswing To $4,000
The resistance at $3,200 has been a daunting task for the bulls, resulting in a correction toward $3,000. Meanwhile, Ether is teetering at $3,100 at writing as bulls fight to shake off the engulfing selling pressure.
Bulls must confirm a break above $3,200 to add credibility to the optimistic narrative eyeing $4,000. Realize that the 50-day Simple Moving Average (SMA) could make it difficult for buyers to achieve their goals quickly. Moreover, the supply zone in red will also hinder ETH from breaking through and lead to another round of losses.
The daily chart reveals that the Moving Average Convergence Divergence (MACD) has wallowed in bearish signals since September 7. This technical index afforms the general lethargic picture as it stays in the negative region under the mean line.
Traders should lookout for a buy signal in the coming session or days to ascertain the validity of the uptrend. All the sake, trading above $3,200 would hasten the occurrence of the bullish call.
On the downside, overhead pressure will soar if Ethereum losses support at $3,000. Investors are likely to sell in masses amid panic that the demand in green could give in to the pressure this time around. It is worth mentioning that the 100-day SMA has cemented the buyer congestion zone while the 200-day SMA currently holds at $2,612.
Ethereum Intraday Levels
Spot rate: 3,098
Trend: Bearish bias
Volatility: Low
Support: $3,000 and $2,650
Resistance: $3,200 and $3,600
ETHUSD Growth LocationWe can be seen to entering the best possible entry territory for ETHUSD (green circle)
This is second to the entry at the aqua circle
We sell when Ethereum enters the overbought zone in the red
This leaves the price at around ~8000USD
Similarities can also be seen on the MACD, with two peaks
ETH Slides To $2,650 For The First Time Since Early August
Ethereum shakes off weak hands from the market following the freefall to $2,650.
The 100-day SMA plays a crucial role, ensuring that ETH does not extend the bearish leg to $2,400.
The cryptocurrency market is experiencing a downtrend run amid heightened volatility. Investors have been cautiously bullish, especially with the stock market bleeding in the wake of Evergrade’s, a Chinese property behemoth saga.
Ethereum continues with its bearish stretch from the previous week, where it was rejected at $3,679 (data from Coinbase). Most enthusiasts and crypto analysts pointed to $3,000 as the ultimate support. However, over the last 24 hours, Ether made its way to $2,650, levels not seen since early August.
Where Is Ethereum Price Headed?
The gigantic smart contract token is trading at $2,875 on Wednesday and toward the end of the Asian session. Overhead pressure shot up significantly after Ether lost the support at the red zone on the daily chart.
Nonetheless, the 100-day Simple Moving Average (SMA) came in handy, preventing bears from doing more damage. With this support in place, Ethereum has started looking toward recovery above $3,000.
It is worth mentioning that if recovery to $3,000 fails, bears may attempt another takeover, this time targeting the green zone near $2,400. The 200-day SMA will also be in line to provide Ethereum with cushioning.
The second-largest cryptocurrency would likely dance between the red and the green zones in the coming sessions. Traders can watch out for action past the 50-day SMA to ascertain the validity of the uptrend to $3,600 and later to $4,000.
According to the Relative Strength Index (RSI), buyers are gradually regaining control. The uptrend’s strength will soar as the RSI lifts toward the midline and the overbought area.
On the downside, holding above the green zone is particularly crucial for Ethereum because immense sell orders could be triggered as panic selling grips investors. If it fails to hold, we can expect ETH to make a comeback at $2,000.
Ethereum Intraday Levels
Spot rate: $2,868
Trend: Minor bullish bias
Volatility: Low
Support: The 100-day SMA and $2,400
Resistance: $$3,200 and the 50-day SMA
Buy Lottery Ticket. History will repeat itself. ETC +1000$Nobody was looking at bitcoin yesterday bitcoin was $300 today price is $44000
Ethereum was $90 yesterday, $3000 today
Want an example, look at the past.
The rule of this business is mining.
A coin has either value. or not
It's all about 0 and 1.
How much will bitcoin rise if Crypto becomes legal?
How much will Ethereum rise?
What about Ethereum Classic, whose mining will rise to the heights?
We are in a time when no one is looking at your face. So we are in the most precious times. The more pieces you have, the bigger the lottery will be.
There is no stock or money falling forever. Or it shuts down. If it doesn't close, it always has a value.
I don't know how much news you watch.
How gold are the Y and Z and even X generations?
Or are they interested in crypto?
Are all survey companies lying?
Can states ban crypto?
Why is my claim
The countries that ban crypto the earliest will be the ones that buy the most crypto.
Nobody can see the Future. We interpret the market.
According to Artificial Intelligence, there will be a Bear season in 2022.
So there is a crisis expectation.
Unemployment will peak, especially in developing countries. Unemployment will explode in all stock markets.
You follow the quarterbacks. you are one step ahead.
ETHUSD idea and forecastWhere I see ETHUSD going on the four hour chart
I see great potential for a strong recovery from this recent fall
I expect a move up, being semi parallel to the (2-3) move
These are just my thoughts so take with a grain of salt
I am looking for the 8k range for a sell on ETHUSD
ETHUSDT 4HR TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS.
ENTRY PRICE BLACK COLOR
TARGETS GREEN COLOR
STOP LOSS RED COLOR
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
7K ETHERIUM BY NOVEMBER?This analysis strategy worked well prediction the BTC drop from 53K to 42K recently. Same strategy applied here and you can see the market is ready for BIG GAINS! I'll leave the link to the other IDEA here.
The chart is self explanatory. There are similarities in the chart patterns and RSI patterns from 2 different points in time which LAST TIME led to a "predictable drop" (BTC 53K to 42K)
If it follows the pattern precisely, we can IDENTIFY GOOD BUYING OPPORTUNITIES and SELLING OPPORTUNITIES!
ETH/USD Golden Cross Daily Time FrameETH/USD Golden Cross Daily Time Frame.
50 MA Red
200 MA Yellow
The golden cross on the daily time frame usually indicated a bullish run for weeks to months on end. Ethereum seems to have reached its Golden Cross a lot earlier than BTC/USD being that it has higher volatility than BTC. ETH in 4 years time can easily 3-4x your holdings though not financial advice. Price remains strong support above 50MA which is a good indicator to make my bets into ETH. If price breaks below 50MA and 200 MA we can expect a one year long bear market. Yellow candle is a bullish candle indicator where buy should occur. Everything is a probability play. You don't need to play every hand you get in Poker. Just pick the best spots/hands. I will be accumulating in the red and sideways movement. As long as supports hold.
ETH Is One Crucial Bump Away From Exploding To $4,000
Ethereum rebounds from $3,000 to above $3,400 but faces intense resistance between $3,500 and $3,600.
The IOMAP model reinforces the resistance between $3,500 and $3,600 from an on-chain perspective.
Ethereum has, in the last one week, focused on securing higher support, especially one that is strong enough to prevent losses from stretching below $3,000. Prior, the pioneer smart contracts cryptocurrency had made tremendous progress from July lows of $1,700 to touching $4,000.
As Bitcoin tumbled from $54,000 in the first week of September, Ethereum saw its boat start to sink. Various tentative support areas at $3,600 and $3,400 did little to halt the downswing, which resulted in declines near $3,300.
Ethereum Bulls Not Ready To Give Up Mission To $4,000
The 50-day Simple Moving Average (SMA) put up a strong barrier, allowing buyers to feel the support. This increased investor confidence, and Ether recoiled above $3,400. However, another hurdle has become apparent at $3,500 and $3,600, delaying the expected recovery to $4,000.
Ethereum must close the day above this barrier to validate action to $4,000. Moreover, more buyers will come into the market as Ether makes haste toward $4,000.
Meanwhile, the Relative Strength Index (RSI) shows that ETH may settle for sideways trading as it levels at the midline. Nonetheless, nothing in the volatile cryptocurrency market is cast in stone. Hence it is essential to watch out for the direction of the RSI moving forward.
IntoTheBlock’s IOMAP model brings to light a massive resistance, running from $3,512 to $3,614. This region is currently preventing bulls from achieving their goal to trade around $4,000.
Nearly 316,000 addresses bought 8.21 million ETH in this range and will try to break even as Ethereum rises, a move likely to dampen the buying pressure. However, slicing through the same barrier would bolster Ethereum significantly upward as buyers take on $4,000.
On the downside, Ethereum sits on top of relatively weak support areas, but the model brings our attention to the area running from $3,304 to $3,405. Here, 1.28 million addresses scooped up 4.5 million ETH. If they hold steady, Ethereum may have the chance to close the gap to $4,000, but losses will soar if broken and perhaps explore areas under $3,000.
Ethereum Intraday Levels
Spot rate: $3,400
Trend: Sideways
Volatility: Low
Resistance: $3,500 to $3,600
Support: $3,300 to $3,400
ETHUSD Demand !Ethereum can be seen undergoing huge demand
This is demonstrated on the Weekly chart by these long wick ends
Price has consistently been pushed up before candle close
This shows demand throughout this price area
Coupled with a large support area, I expect bullish continuation on the Weekly timeframe based on this observation
The fractal everyone is talking about ETHUSDClear similarities both in price action and in MACD setups
Ethereum right now has a strong bottom setup and will likely hodl this bottom, leading to the bull part of this scenario with the ~200% increase
I have seen versions of this across twitter and Facebook and thought I would address it for my followers
I aim to exit mid next year at by then 8k or higher
$ETH Crushing all its resistance and don't just care#ETH breaking all its resistance after a couple of tries.
Price is only a couple of percent away from ATH, which is its major resistance level too
the major reason for the pump is coinbase announced staking rewards on #ETH for the U.K and German users.