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Ethereumlong

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🚨
COINBASE:ETHUSDLong
by MavRich_Trading
2
ETH breakdown intensifies as cryptocurrencies bleed Ethereum tumbles below the ascending channel as losses to $1,400 linger. The downtrend is validated from a short-term technical perspective based on the MACD. Support above the 200 SMA and a move past the 50 SMA would lead to gains targeting $2,000. The cryptocurrency market is swimming in in red waters following the bearish wave on Monday. Ethereum dropped from highs above $1,900 to seek support at $1,700. The declines are believed to have come into the picture following the report regarding banning digital assets in India. Despite the massive drop, Ethereum has weathered down the losses much better than Bitcoin, which drop from highs above $60,000 to levels around $54,000. At the time of writing, Ether is trading at $1,740. The immediate downside is protected by the 200 Simple Moving Average (SMA) on the 4-hour chart. Further down, the 100 SMA is in line to provide support. If these two anchors fail to hold, investors can expect ETH to drop to $1,400. Meanwhile, the Moving Average Convergence Divergence (MACD) validates the downtrend with its negative gradient. The MACD line (blue) already crossed under the signal line, signifying the increase in selling pressure. More losses will come into play if the MACD dives into the negative region. The least resistance path is downwards amid a rise in volume. Therefore higher support is the only way to secure Ethereum for a recovery. Otherwise, the drop to $1,700 is quite conservative, keeping in mind the recent rising wedge pattern with a target at $1,300. It is worth noting that support at the 200 SMA will return market stability. A stable market will allow bulls to focus on recovery. Settling above the 50 SMA at $1,800 would give way to gains eyeing $2,000. Ethereum intraday levels Spot rate: $1,745 Trend: Bearish Relative change: -55 Percentage change: -3%
COINBASE:ETHUSDLong
by CoinGape
BULLISH on Eth teleportation device to $2593Based on trend lines and fib retracement, eth breakout from angular trend triangle which I compared to the last big move. $2593 is considering that we will be breaking ATH within the week (personally I see it happening quite pronto). MY logic is if and only if this move is a fake out, which will be recognisable if we dip beneath $1,579.50 level, else if, it's happy days. lol ether to the moon!! I see this move pulling the alt market to All time highs.
BINANCE:ETHUSDLong
by isaactf3349
3
ETH 2 more FIB Levels till ATHETH has been performing amazing and with a recent golden cross on the MACD i think we are bound to push for that ATH and eventually a new one! we have 2 more overhead FIB levels we need to break before we achieve a new ATH, the upcoming 0.7 FIB where we were recently rejected and the ATH FIB of 1. the ichimoku cloud has been bringing us big support and looks like we could start to see the form of another big green cloud. Overall long term very bullish on ETH, also EIP 1559 upgrade expected to go live in July or August could have us see even more upside . NFA just my opinion.
BITSTAMP:ETHUSDLong
by JacobR905
ETH-BTC Indicator Analysis - BullishA bullish case for ETH-BTC Similarities in price action can be seen within the boxes This is better shown on the log trend indicator The 200MA is extremely flat, suggesting that it may rise rather than fall Also the Ichimoku indicator shows that price has broken above the cloud, now the cloud will act as support for price rather than resistance, such as it did in the previous scenario (first box) Attaching some other ETH-BTC ideas I am long Ethereum..
Long
by Bixley
Will ETH hit 2000 again?On the 4 hour we can see that all candles are moving higher, which means that there is still strong bullish trend. The price was squeezed in an ascending triangle, after which price broke through the resistence level. I now believe that there will be a retest of the new support level, which will be rejected, and the price will continue to rise to the next target key level. If you like such ideas, please leave a like and follow this channel so you don't miss another analysis. This is NOT a FINANCIAL ADVICE. This is just my point of view on the current situation.
KRAKEN:ETHUSDLong
by GetSet
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