Ethereum to move even higher.The gains were capped at $2151 so far. As the gains were rejected at this level, the price managed to find continuous support at psychological support of $2000 per Ethereum.
Ethereum is now being traded in a tight range from $2000 to $2150 and break of each of these levels will lead to increased momentum. We can consider this tight range as a flag.
As the overall trend is a strong uptrend and no bearish divergence or any other bearish signs aren’t present, a break of $2150 is more likely to happen instead of a breakdown below $2000, however it’s still possible.
Resistance levels are located at:
$2150
$2300
$2440
$2570
These levels are based on $1000 resistance levels as we don’t have any info about where is resistance above $2000.
Indicators.
RSI is talking about bullish momentum being present as it’s above 60 with no bearish divergences, correction signals to be found.
MACD is in an average buying wave and the bullish momentum seems to start falter.
The overall trend based on EMA’s is a strong uptrend as the price is located above 20 EMA. However the price is not ready yet to move higher as 20 EMA is bit far from the price. Surely the price can move higher, but Ethereum is rather conservative and waits for EMA support often.
Support levels
Trend of higher lows is located at $1650
Trend line support is located at $1650
EMA support is at $1900 and $1750.
The conclusion is that Ethereum will be moving sideways for a while until 20 EMA catches up and then move to $2300.
Ethereumlong
ETH, Ethereum - new entry point!As I said before, ETH made a new ATH! But in my opinion, it happened so fast. Right now I wait to retest a key level and false breakout. That's where I'll be buying.
Write in the comments all your questions and instruments 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
ETH/BTC ratio will determine what to be overweight/underweight ETH/BTC ratio is still consolidating after having a lower bound range breakout... previous price moves from these ratio levels have been significant and we should continue to keep an eye on the ETH/BTC chart to see if the ETH to BTC price continues the bullish breakout after a multi-year consolidation... I am personally bullish on both Bitcoin and Ethereum, but monitoring this ratio has helped me better allocate whether to be overweight/underweight BTC or ETH, especially during the bull cycle... I will update this idea as the price ratio decides the direction
ETH edges closer to $2,000 as crypto market uptrend renews
Ethereum restores the uptrend toward $2,000 after embracing support at $1,800.
ETH bulls look forward to price action past $2,000, which may trigger more buy orders.
A potential double-top pattern could sabotage the upswing, allowing a correction toward $1,550.
Ethereum managed to close the day above $1,800, confirming to investors that market stability was intact. A rebound was staged from this short-term support, with Ether stepping above $1,900. At the time of writing, the pioneer flagship cryptocurrency is doddering at $1,920 amid a bullish building momentum.
The four-hour chart shows that Ether is in the bulls' hands based on the Moving Average Convergence Divergence (MACD). This vital technical indicator follows the trend of an asset and measures its momentum.
A step into the positive region (above the mean line) is viewed as the asset flipping bullish. The bullish outlook is validated by the MACD line (blue) crossing above the signal line. At the time of writing, the MACD line increases the divergence, further cementing the bull's presence in the market.
Ethereum bulls must purposely close the day above $1,900 to avert any significant potential correction from the prevailing price levels. Moreover, higher support would allow bulls to focus on cracking the major hurdle at $2,000. Note that trading past this crucial could be yield tremendously for Ethereum due to the massive buy orders that are likely to be triggered.
Looking at the other side of the picture
The same four-hour chart shows that Ethereum is trading near a double-top pattern. This is a highly bearish pattern. If validated, ETH may breakdown massively, erasing most of the gains made since the beginning of the week. Note that, Ethereum may seek support at $1,800, $1,600 and the primary anchor at $1,550.
Ethereum intraday levels
Spot rate: $1,920
Trend: Bullish
Volatility: High
Support: $1,800 and $1,700
Resistance: $2,000
ETHEREUM in the increasingly ascending diaryTechnical 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. 🙏
ETH plunges toward 1,400 as crypto market generally bleeds
Ethereum hit a wall slightly above $1,700, opening Pandora’s box for losses under $1,600.
The least resistance path is downwards based on the MACD.
Ethereum abandoned the mission to lift to $2,000, slightly above $1,700. Losses came into the picture with Ether falling below several key support levels, such as $1,650 and $1,600. At the time of writing, Ethereum is trading at $1,570 amid the bearish call to dip further.
The entire cryptocurrency market is in the red, led by Bitcoin’s dip to $52,000. If Ethereum does not find support at $1,500, we can anticipate another dip toward $1,400 or the descending channel’s lower boundary support as illustrated on the 4-hour chart.
Meanwhile, Ethereum’s downtrend has been validated by the Moving Average Convergence Divergence (MACD). The indicator is used in technical analysis to show positions to buy the dip and sell the top. When the MACD line (blue) crosses beneath the signal line, traders are advised to sell.
On the other hand, it is a call to buy when the MACD line crosses above the signal line. The indicator also shows the general trend in the market. At the time of writing, the least resistance path is downwards.
The same bearish outlook has been validated by a death cross pattern on the 4-hour chart. This pattern comes into the picture when a short term moving average crosses under a long term moving average. For instance, the 50 Simple Moving Average (SMA) recently crossed below the 100 SMA, implying that the trend had flipped bearish.
Ethereum will resume the uptrend if it holds above $1,600. A move such as this will show the investors that recovery is possible. Gains toward $1,700 will come into the picture as buyers join the market from the sidelines.
Ethereum intraday levels
Spot rate: $1,570
Relative change: -8
Percentage change: -4%
Trend: Bearish
Volatility: High
ETHUSDT - accumulation cyclePreconditions:
- accumulation
- key level
- buy after break out
- global uptrend
- local uptrend
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments 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
ETH loading up for a big move For the past week ETH has been in accumulation bouncing between the 0.6 and 0.7 FIB level. I believe we are going to see a big move in the next coming days/ week. we are going to need to see the bulls step in and hold the 0.6 FIB if we are going to see a big move up breaking the 0.7 FIB and then to go for that ATH! The EMA ribbons are slightly on the move upwards and the Stoch RSI is now pushing into the Oversold area indicating the chance of a wave of buys coming soon. Also if you check out the bollinger bands they are starting to squeeze together pointing at a chance of a big move. Lastly our Wave Trend Oscillator has been twisting back and forth due to the stagnant price action over the past week, we want to see our Blue stay and open up ontop of our orange. For the time being ETH and the market is going to follow bitcoin so depending on what BTC does is also a good indication of what the market and ETH will do. Not financial advice just my opinion.
What we need to see from ETHI would like to see Ethereum complete the double bottom against its Bitcoin pair. The green support zone has held about four times already and looks strong. It coincides with the .382 FIB level from back when price broke both MA's
I feel less confident about the rejection at the 21 MA and the fact that the 21 MA has dipped below the 100 MA.
Nonetheless this feels like a good place for a long position.
Ethereum where to buy Good afternoon ,
Would you like to know at what point to buy Ethereum?
I teach you easily with a graph, the only thing you have to memorize are the 4 areas drawn with Red / yellow / green and pink.
Best entry: Green Zone 1513
A good entry: Yellow Zone 1652
Risky entry: red zone 1897
Danger zone: pink zone 1294
Depending on the risk you want to take, you enter the desired level.
PS: Pink zone is dangerous if the price crossdown this level, it could go down much more.
If it's helpful, could you give me a like.
What do you think ? will it keep going up?
ETH takes off for 12% upswing eyeing $2,000
Ethereum spikes above a descending triangle pattern, hinting at a breakout to $2,000.
Ether must hold above the 50 SMA and $1,800 to secure the uptrend.
Ethereum held firmly to the support at $1,700, halting the correction from last week’s high of around $1,940. The buyer congestion at this zone called off the bearish leg, eyeing lower levels toward $1,400.
A rebound occurred with Ether bulls focusing on gains above $2,000. The formation of a descending triangle has accentuated the bullish reversal. The pattern is mainly bearish, but there are instances where a bullish impulse comes into the picture.
A breakout above the upper trendline has bolstered Ethereum above $1,800. All eyes are glued on $2,000; the triangle has a 12% precise target, measured from the highest to the lowest point.
In the meantime, Ethereum is trading at $1,830 while bulls struggle to focus on gains toward $2,000. The immediate support provides by the 50 Simple Moving Average (SMA) must hold to secure the uptrend and ensure market stability.
The Moving Average Convergence Divergence (MACD) reinforces the bullish outlook on the 4-hour chart. This indicator follows the price of an asset and measures its momentum. It flips bulls when the MACD line (blue) crosses above the midline. The trend is generally bullish when the MACD breaks above the mean line from the negative region.
It is worth mentioning that Ethereum will fail to achieve the target at $2,000 if the 50 SMA fails to hold in the short-term. Massive losses will come into the picture as soon as the price slice under $1,800. On the downside, support is envisioned at $1,700 and the 100 Simple Moving Average.
ETH/USD LONG Set Up after testing $1706Ethereum (ETH/USD) weakened early in today’s Asian session as the pair depreciated to the 1750.63 area after trading as high as the 1893.75 area during the European session, with the interday high representing a test of the 78.6% retracement of the depreciating range from 2041.42 to 1356. Stops were elected below a series of downside technical support levels, and technical support finally emerged just above the 61.8% retracement of the appreciating range from 1493.28 to 2041.42. Chartists note this area was also just below the 50-bar 4-hour simple moving average. Stops were also recently elected above the 1930.40, 1957.36, and 2017.05 levels during the appreciation, areas related to historical buying pressure around the 215.16, 370.50, and 176.43 areas. If ETH/USD extends its upward strength, additional upside price objectives include the 2080.48, 2134.98, 2150.66, and 2210.42 levels.
Some areas of potential technical support during pullbacks include 1403.13, 1205.96, and 1008.79, with stronger technical support likely in place around 1296.30 and 1066.14. If ETH/USD extends its recent depreciation, potential technical support includes 1285.87 and 1205.96. Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly).
Price activity is nearest the 200-bar MA (4-hourly) at 1719.53 and the 200-bar MA (Hourly) at 1809.35.
Technical Support is expected around 1285.87/ 1205.96/ 1128.29 with Stops expected below.
Technical Resistance is expected around 2080.48/ 2134.98/ 2150.66 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
Title/(Date): ETH/USD Long Set Up
Asset:CRYPTO
Order Type:Market buy/ Buy limit
Time Frame:1D
Entry Price 1: $1,718.00 (Active)
Entry Price 2: $1,704.00 (Pending)
Stop Loss: $1,688.00 (300 Pips)
Take Profit 1: $1,748.00 (300 Pips)
Take Profit 2: $1,818.00 (1,000 Pips)
Take Profit 3: $1,868.00(1,500 Pips)
Take Profit 4: $1,918.00 (2,000 Pips)
Take Profit 5: $2,018.00(3,000 Pips)
Status: 🚨Pending🚨