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Ethereumlong

ETH declines catch momentum eyeing $1,200 Ethereum engages strong reverse gears as declines remain unstoppable. Investors brace for a rollercoaster as overhead pressure intensifies on account of a double-top pattern. Ether must regain the ground above $1,500 and association the 50 SMA to come out of the woods. Ethereum's recovery from the dip under $1,300 at the beginning of the week suffered rejected at $1,650 amid intense selling pressure. The bearish double-top pattern highlighted on Thursday is impacting the price, leading to ongoing losses. Several areas have been ignored, although at first, they seemed formidable enough to halt the losses. For instance, the 50 Simple Moving Average (SMA) on the 4-hour chart, as highlighted at $1,520. In the meantime, Ether has extended the bearish leg beneath $1,500 and is exchanging hands at $1,480. If support at $1,440 fails to hold, investors should get ready for a roller coaster swing to areas under $1,300 and eyeing a robust, lower, and robust, perhaps at $1,400. The Moving Average Convergence Divergence (MACD) adds weight to the bearish outlook as it draws close to crossing under the midline line. Consequently, the MACD line (blue) recently crossed below the signal line, further cementing the bears' influence over the price. The MACD is vital technical indicator traders use to identify entry and exit positions in the market. For now, the technical seems extremely bearish for Ether, thus the expected downswing to $1,200. It is worth mentioning that a daily close above $1,500 will help prevent the losses targeting $1,200. However, Ether will be stuck in the woods and may need to recover the ground above the 50 SMA to secure formidable support. On the upside, the impact of the double-top pattern is apparent. To bypass the overhead pressure, Ethereum bulls must chart a new path toward $2,000 by first taking down the hurdle at $1,650 and later $1,700. Ethereum intraday levels Spot rate: $1,480 Relative change: -60 Percentage change: -4 Trend: Bearish Volatility: High
COINBASE:ETHUSDShort
by CoinGape
ETH faces another bull trap as massive breakdown looms Ethereum cuts short the uptrend to $2,000 on account of a double-top pattern. The 200 SMA significantly contributed to the ongoing overhead pressure. Ether will avoid losses to $1,440 if the 50 SMA support remains unbroken. Ethereum has not risen above $1,700 since the drop from all-time highs above $2,000. On the downside, the pioneer altcoin has tested support at $1,300. Recovery has taken place from the beginning of the week amid the increase in bull traps' frequency. On Wednesday, Ether spiked above $1,600, somehow convincing investors that it was ready for a breakout to $2,000. However, the smart contract token stalled at around $1,650, bowing to the formation of a double-top pattern. A correction is underway at writing, which could bring to an end the V-shaped recovery on the 4-hour chart. A double-top pattern is bearish and develops when the price of asset tests but fails to break above a previous hurdle with a trough in between. Usually, the area is known to contain substantial selling pressure. If the price slices through, the bearish narrative is ignored but failing to break through this zone suggests that Ethereum is likely to drop significantly. At the time of writing, Ether is dancing at $1,560 after losing support at $1,600. The 200 Simple Moving Average (SMA) appears to have contributed to the selling pressure above $1,600. Glancing lower, Ethereum is looking forward to securing support at $1,520, as highlighted by the 50 SMA. If the bearish leg stretches past this zone, Ether will continue to the next support target at $1,440. On the upside, the Moving Average Convergence Divergence (MACD) shows that buyers are relatively in control. The indicator is holding above the midline, hence the bullish signal. Support above the 50 SMA will also avert the potential losses to $1,440 and $1,300, respectively.
COINBASE:ETHUSDShort
by CoinGape
1
ETH battles immediate resistance, and bulls look toward $2,000 Ethereum is on the verge of a breakout, but first, it must break the 50-day resistance. A step beyond the ascending channel’s middle boundary will open the door for gains aiming for $2,000. Ethereum managed to sustain the uptrend above $1,400, avoiding the drop to $1,200. Recovery, although gradual, seems to be coming into the picture toward the end of the Asian session on Wednesday. Ether is exchanging hands at $1,520 while bulls fight to break above an immediate but crucial resistance level. The daily chart highlights the resistance brought about by the 50 Simple Moving Average (SMA). If bulls overcome this hurdle, the journey toward $1,600 will become apparent. On the other hand, bulls must focus on stepping above the seller congestion zone at $1,600 to pave the way for gains eying $2,000. The bullish outlook has been validated by the Relative Strength Index (RSI) as the indicator slowly approached the midline. A further movement toward the overbought area will cement the bulls’ influence over the price. Simultaneously, Ether is trading within the confines of an ascending parallel channel. The pattern’s support played a key role in stopping the potential losses to $1,200 earlier this week. Moreover, buyers are using the lower edge of the channel as a springboard to higher levels. Note that trading above the channel’s middle’s boundary resistance might trigger massive buy orders as Ethereum is catapulted toward the coveted $2,000. On the other hand, the remarkable breakout may fail to occur if the immediate 50-day resistance remains intact. Simultaneously, if overhead pressure increases, Ethereum will retest the support at the channel’s lower edge. If this buyer congestion zone is shattered, ETH will spiral toward $1,200 in search of formidable support. Ethereum intraday levels Spot rate: $1,520 Relative change: 30 Percentage change: 2% Volatility: Low Trend: Bullish
COINBASE:ETHUSDLong
by CoinGape
3
ETH / USD - Resistance Flipped Support, Re-test then BreakoutEthereum recently broke it's all-time high, held well above it, and is now showing us that this old weekly resistance has now become support. It has also formed a new psychological resistance at $2000, but if you look at the BTC pairing, we should achieve a significantly higher high than this. BTC pair wants to head back towards 0.062 area, which is nearly double where we currently sit (that said, BTC itself can move changing the dollar value of eth upon reaching that - if we move up, it'll be a higher high for eth usd, if BTC moves down, it will be a lower high for eth usd). We've tested breaking upwards far more than we've tested the opposite. During our re-test, it looks like we're beginning to form a W pattern. If we break $1680-1700, we confirm our W. I believe we're gearing up to head into price discovery and a new all-time high. I like a mid-term target of around 2800-3k, which could go as high as 4-6k, or as low as 2350 depending on what BTC does, but that's if we break 2040 and complete the W pattern. This chart is predicting we complete that pattern and revisit 2k. This is the 4H heiken ashi chart. Related longer-term ideas area linked below.
COINBASE:ETHUSDLong
by dudebruhwhoa
ETH eyes massive recovery to $1,800 if this key pattern Ethereum rejection at $1,700 leads to losses under $1,500. A double-bottom pattern brings hints at a potential recovery toward $1,800. If support at $1,400 fails to hold, Ether could drop to $1,200. Ethereum could not continue with the upswing following the breakdown to $1,400 due to the selling pressure at $1,700. The bulls abandoned the mission to hit $2,000 again, instead, retreating to the sidelines. The correction from $1,700 has been unstoppable to the extent of revisiting areas below $1,500. However, a possible technical pattern suggests that recovery is on the cards. At the time of writing, Ethereum is doddering at $1,490 after losing the support at $1,500. The 4-hour chart highlights the possibility of a double-bottom pattern forming in the near-term. This is a bullish reversal pattern suggesting that the downtrend is weakening, and bulls are getting ready to control the price. If the pattern confirms, Ethereum will start the recovery journey afresh. This time bulls must focus on breaking the critical hurdle at $1,640, as highlighted by the 200 Simple Moving Average on the 4-hour hour chart. Further up, a confluence formed by the 50 SMA and the 100 SMA will delay the recovery, but once broken, Ether may rally to $2,000. The Relative Strength Index (RSI) on the 4-hour chart highlights a bullish picture after making a shallow bounce above the oversold region. A movement toward the average line will indicate a growing bullish grip, adding credence to the uptrend. It is worth noting that if the double-bottom pattern fails to confirm, Ethereum is likely to continue with the downtrend toward $1,200. Here, a higher concentration of buyers will boost it upwards. More investors are likely to enter the market because of the lower price. Ethereum intraday levels Spot rate: $1,493 Relative change: 10 Percentage change: 0.6% Trend: Bearish Volatility: Growing
COINBASE:ETHUSDLong
by CoinGape
3
ETH / USD - Priming for an ExplosionUnless the entire market crashes here, Ethereum should repeat old behavior. Last time it broke its all-time high, it re-tested that area immediately after and then exploded into new territory. Also back in 2017-18 bull market, ethereum was the last to reach its all-time high before bitcoin finally fell, and similarly litecoin was one of the first major alts to rise. In my opinion, this is happening yet again. As the upper chart shows, at this moment it is doing the exact same thing yet again. To support this idea, take a look at the ETH/BTC pairing in the 2nd chart below, it has been held down all this time, despite the DeFi boom the preceded the Bitcoin market boom. Ethereum has yet to capitalize on this vs. BTC, and I believe its because people are accumulating in preparation for an incredible move. A conservative target is double where we are now. See related ethereum ideas supporting this one in the related ideas linked below.
Long
by dudebruhwhoa
Optimistic analysis of the daily ETHUSDT! What's your vision!?Technical analysis regarding the price of ETHEREUM in relation of dollar Tether for the next scenarios, based on daily movement. disclaimer *** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. *** Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
Long
by luizhcruz
2
ETH fights for breakout back above $2,000, but technicals remain Ethereum recovery hits a barrier at $1,700, forcing bulls to seek refuge at the 200 SMA. Ether bulls are not relenting in the fight for gains towards $2,000. The correction toward $1,400 will continue if it loses support at the 200 SMA. Ethereum has made a considerable recovery from the drop in price earlier in the week. The losses followed a rejection from highs above $2,000. It became difficult to stop the bearish leg because the declines were widespread in the market, led by Bitcoin's slump to $45,000. Meanwhile, Ethereum is trading marginally above $1,600. Price action on Tuesday saw Ethereum recover from $1,400 to $1,700. However, bulls lost steam, paving the way for the ongoing correction. The 4-hour chart shows that the 200 Simple Moving Average (SMA) support has just been lost. In other words, if it flips into a resistance area, Ether's recovery will be an uphill battle. Bulls need to close the day above $1,600, if not the moving average, to avoid losses and sustain the uptrend towards $2,000. It is essential to keep in mind that the Relative Strength Index (RSI) hints at consolidation taking precedence in the coming sessions. The trend strength indicator is leveling around 40 following a recovery from the oversold area. Note that movement above the midline may renew the uptrend by encouraging more buyers to join the market. On the other hand, ETH will continue with the downtrend if the 200 SMA flips into a resistance. Selling pressure is likely to mount under this level because of the bulls getting exhausted. On the downside, formidable support will be found at $1,480 and $1,400, respectively. Ethereum intraday levels Spot rate: $1,602 Relative change: -26 Percentage change: -1.6% Trend: Bearish Volatility: Low
COINBASE:ETHUSDShort
by CoinGape
2
ETHUSD: The price BOUNCED on its DYNAMIC TRENDLINEHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : ETHEREUM/USD ⚪ Technical Analysis : Since the beginning of February 2021, the price has been moving with a nice uptrend, following and bouncing on its dynamic trendline, closing also its last two h4 candle's sessions above the same level. It is currently moving above the S/R zone at about 1740 and there is a possibility to see a new bullish impulse. 🔴 Conclusion : Considering an overall bullish market, closing and starting its last candle above its EMA 100, I'd be confident to see the price growing more and I'll definitely entry long if I'll get a proper confirmation during the next sessions. I'll plan to entry long if the price will close around the level 1830 and my last target would be the level 2100. Be very carefully on the resistance zone at about 2000, because it's a strong resistance and the last high formed. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
BITSTAMP:ETHUSDLong
by FXtrades-gp
28