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Ethereumlong

ETH breakdown lingers despite the network overtaking Bitcoin in Ethereum retraces from the new record high aiming to secure support above $1,700. The formation of a rising wedge pattern hints that the correction could be extensive. Ethereum network is moving more value in Ether compared to Bitcoin blockchain with BTC. Ethereum is struggling to sustain the uptrend after rising to a new all-time high. The largest smart contract token was recently elevated above $1,800 but could not continue on the trajectory eyeing $2,000. Meanwhile, a retreat has come into the picture, whereby Ether is seeking higher support. The bulls in the market are prioritizing support above $1,700 to keep their focus on $2,000. However, short term analysis shows that bears are gaining control and fast, thus the likelihood of Ethereum diving to lower levels. The 4-hour chart brings to light the formation of a rising wedge pattern. Usually, this pattern is regarded bearish and leads to a trend reversal. Therefore, if validated, ETH may drop toward $1,600. Notably, the 50 Simple Moving Average (SMA) on the 4-hour chart is in line to provide the much-needed support and help avert the potential losses. Nonetheless, if the bearish outlook remains persistent, Ether will be forced to look for support near the 100 SMA and the 200 SMA. Similarly, the Moving Average Convergence Divergence emphasizes the growing pessimistic outlook. In other words, the least resistance path is downward until robust support is secured. It is essential to note that Ethereum has recently grown to become the most significant protocol for trustless money settlement, overtaking Bitcoin. An on-chain metric by Glassnode shows that the Ethereum network is moving more value with Ether than Bitcoin blockchain, which uses BTC. Simultaneously, Ethereum 2.0 will review the high gas fees on the network; hence the value transferred might continue to hit higher highs. Ethereum intraday levels Spot rate: $1,735 Relative change: -7 Percentage change: -0.4% Trend: Bearish Volatility: Low
COINBASE:ETHUSDShort
by CoinGape
1
ETHEUR flat top triangle aiming towards 1500 EURHello traders, After a brief correction, ETHEUR is back on its ascending rally. Right now chart is forming a flat top triangle (blue outline triangle). As can be noticed, its height signals the price range, which is around 1500 EUR (thus, it will test again that price). Momentum, MACD histogram and KDJ in the 2h timeframe are below underbought levels, so even if the resistence is located at 1422 EUR, right now it's also a good opportunity to buy.
Long
by lbrina
1
ETH Break to the Upside Soon???ETH has been in an ascending triangle for about a day now which is bullish. And, also finding support on VWAP. It had a small fake out which quickly went back to under the 1.618 fib level which is the blue line. This is because there was too much rooms still in the triangle at the time so it was too early to break out. More Probable Scenario: To the triangle there was a 12% increase and at the beginning of the triangle just under 5%. This means that when it finally breaks out of the triangle we can expect it to go up about 5% or 12% which puts up about $1850 or $2000. Less Probable: We could also see a drop of about 5% which would put us back to the bottom of the parabolic channel I drew in a previous idea. Then from there bounce to the upside hopefully not breaking under the channel.
BYBIT:ETHUSD.PLong
by Sicklezi
7
ETH settles above $1,800 ahead of the upswing toward $3,000 Ethereum leads the altcoin season after jumping above $1,800 to trade a new record high. Investors speculate that Ethereum will rally to $2,000 in the near term before completing the leg up to $3,000. ETH will correct if the support at $1,800 fails to hold. Ethereum is currently holding above $1,800 after extending the bullish leg from the short term support at $1,700. The flagship altcoin has been consistent in its recovery since January despite the frequent minor retracements. It is essential to realize that bull markets also come with their fair share of corrections. Nonetheless, the general trend has remained upwards, with Ether eying $2,000 in the short-term and $3,000 in the medium term. A comprehensive glance at the 4-hour chart hints at the cryptoasset holding onto the bullish impulse a while longer. For instance, Ethereum is trading above all the applied moving averages, including the 50 Simple Moving Average, the 100 SMA, and the 200 SMA. The gap made by the 50 SMA above the other two moving averages suggests that ETH is generally in the hands of the bulls. Simultaneously, the Moving Average Convergence Divergence (MACD) reinforces the bullish outlook. Note that the MACD line (blue) recently crossed above the signal line. If the divergence between the two lines expands, we can expect Ether to rally toward $2,000 in the short term. Similarly, closing the day above $1,800 would keep the investor interest high. The remaining journey to $2,000 and later to $3,000 will ride on increased uptake of the pioneer smart contract token. On the other hand, declines will come into play if the immediate support at $1,800 is lost. Ethereum will start a hunt for higher support, preferably at $1,700. However, if the bearish leg becomes more robust, the 50 SMA currently at $1,635 and the 100 SMA holding at $1,500 will come to the bulls’ rescue. Intraday levels Spot rate: $1,787 Relative change: 15 Percentage change: 0.9% Trend: Short term bearish Volatility: Low
COINBASE:ETHUSDLong
by CoinGape
2
Ethereum/USD price reaching new highsThis is on a 1month data range. Ethereum starting the week with two new record highs. The horizontal red line represents the new price ceiling that was set today, around 1825 ETHER/USD. During the last 3 hours, the price of Ethereum has spiked and is testing the new ceiling again. The MACD shows signs of a potential uptrend. We can also observe brief price support that has been set for now (the purple dotted line). The graph shows that if the purple trend prevails we could see another test of the ceiling within a couple of hours. If my claims are correct, and the price of Ethereum follows the current uptrend, we could see Ethereum breaking out in 10 to 12 hours at the latest. All of this is, of course, if the price trend prevails and does not change. I hope y'alls trades have been going great and good luck! (THIS IS NOT A FINANCIAL ADVISE NOR TRADE ADVISE, I AM NOT A FINANCIAL ADVISOR NOR HOLD ANY TITLES AND LICENSES THAT WOULD SAY OTHERWISE; THAT WOULD CERTIFY MY EXPERTISE. I AM JUST A GUY LOOKING AT PRICE CHARTS, I AM NOT GUARANTEEING THE PRICE WILL FOLLOW MY PREDICTION OR ANYTHING, DO NOT TRADE BASED ON MY POST. YOU NEED TO DO DUE DILIGENCE WHEN INVESTING. THIS IS NOT A BUY, SELL OR HOLD RECOMMENDATION.) As always: "Past performances do not guarantee future returns"
BITSTAMP:ETHUSDLong
by luisco98
ETH go to 2060$ ? 🔥🚀#ETH/USDT Analysis is an art. ETH, exactly as I said in the Bitex Group analysis and entry point in 25 Jan , went from the bottom of the Rising Wave to the strong wave to $ 1600 as beautifully as possible. (When BTC was in heavy correction to 29K) Just see how the entry point is touched :) ETH Analysis January 25: As I am publishing the analysis, the trend above the rising wedge has broken Now for the second wave, I expect to have three ABC waves with a correction and pullback to the wedge ceiling and then move to 1800 to 2060.
Long
by imanpajand
ETHEUR towards 1600 EUR, part 01Hello traders, The bullish trend isn't over yet, so unless you're an intraday trader, don't panic. The latest ATH at 1510 EUR signals the exhaustion of the flat top triangle (B, orange) formed between January 19th and February 2nd. However, one must consider that some traders would picture a larger flat top triangle (A, blue) formed between January 10th to February 2nd, which would send prices up to 1610 EUR. Notice, that there's a chance that an ascending wedge might be forming, but we'd speculate with that if prices go down up to 1382 EUR (full red polyline), which is 0,5 Fib considering the latest bullish trend. Whatever happens there will definitely condition what would happen next, whether it be a new ATH reference, or another flat top triangle. Please like, share, comment, or donate if you find this analysis useful!
Long
by lbrina
ETHEREUM - Sticking to the planSecret to successful trading is to stick to the plan! We have been buying for the last 3 weeks , taking profits at all time highs and buying in again at the dips . Let's not ignore 'Market games', manipulation and fundamentals. I said I would be buying until Feb 8th and then sell. The CME factor, yes. In 2017 when the CME started trading Bitcoin the price dropped. Ethereum will suffer too, I am confident it will happen BUT it is NOT the time to go short yet... You see, the game is played differently every time but the outcome is always the same.. so, buy mode still on, sell button can wait a bit more. That's me and how I see things.
BITSTAMP:ETHUSDLong
by FX_Professor
13
ETH relentless in the fight for new record highs beyond $2,000 Ethereum renewed the uptrend in tandem with Bitcoin but failed to break above $1,800. The least resistance path is upward according to the MACD and the moving averages. Trading above $1,800 could trigger massive buy orders as Ethereum rallied toward $2,000. Ethereum has traded a new high after a new high in the recent weeks, allowing investors to speculate that the price will hit $3,000 in the near term. As Bitcoin went ballistic toward $50,000 on Monday, Ethereum remained relatively quiet, only rising above the recent all-time high at $1,765 to form a new record high at $1,781. Meanwhile, Ether has retreated under to $1,735 (prevailing market value). However, bulls have their eyes glued on $1,800. Trading above this level would call for more buyers into the market for gains above $2,000. Despite the stalling, short-term analysis shows that Ethereum’s least resistance path is upwards. This bullish outlook can be explained using the Moving Average Convergence Divergence (MACD). When approached correctly, this pattern can be used to identify sell the top and buy the bottom positions. Note that when the MACD line (blue) crossed above the signal line as shown on the chart, it is a good time to buy or increase your position in the asset. However, you are advised not to buy or perhaps sell when the MACD line crosses under the signal line. Similarly, Ethereum is seen trading above all the applied moving averages, including the 50 SMA, 100 SMA, and 200 SMA on the 4-hour chart. Notably, the 50 SMA seems to be expanding the gap above the 100 SMA and 200 SMA. In other words, generally, the crypto is in the hands of the bulls. It is essential to realize that, ETH is trading above the middle boundary of an ascending parallel channel. Closing the day above this level will ensure that buyers focus on breaking the hurdle at $1,800 and $2,000 beckons. Ethereum intraday levels Spot rate: $1,735 Relative change: -18 Percentage change: -1.2% Trend: Bearish Volatility: High
COINBASE:ETHUSDLong
by CoinGape
3
ETHEUR aiming towards previous ATH and beyond (1500 EUR)Hello traders, After an agressive correction, ETHEUR is back on its (bullish) track. Right now it is forming a little flat top triangle noticeable on the 5 minutes timeframe. As the price range taken from the base to the top of the triangle shows, we can expect prices to reach at least 1462 EUR, and a new ATH between the previous 1470 EUR and 1500 EUR. Don't forget setting up tight stop-loss limits! If you find this analysis useful, don't forget liking, commenting, or donating Tradingview coins. It would be very appreciated!
Long
by lbrina
ETHUSD: the price will move soon up to 1900! Hi 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 : ETH/USD ⚪ Technical Analysis : Since the beginning of January 2021, the price has been creating an interesting ascending channel, getting many rejections on the resistance zone at about 1400. Every time, the price made a higher low and that confirmed our chart pattern. On the 2nd of February 2021, the price finally broke through the main resistance zone, pushing up until the level at about 1750. The market is currently overbought and there is a good chance to see a trend correction until a re-test on the level 1400/1430. 🔴 Conclusion : The price is currently moving in an interesting situation, I usually like trading this pattern and I'll be waiting for the price to re-test the main S/R zone before planning my long position on this trade. My possible target would be the reflection of its first wave of its triangle pattern, that means I'm confident to see the price reaching soon the level at about 1900! I'll update soon this idea. 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
38
Ethereum SCALING in fragmentsWith Bitcoin ranging and taking a break a bit, Ethereum is slowly gaining pace. I think we will see Ethereum rise by about 100% by April to $3000-$3800 area. I think then, we might see some significant pullback ($1800-$2300 area) before continuing upwards. Reasons why I think this will happen: Largest weekly close with breaking ATH. Hard fork - moving from Proof of work to proof of stake, replacing miners with validators. Massive outflow from exchanges to private wallets causing supply crunch. Institutional interest in Ethereum and DeFi. Prediction - ETHBTC ratio at least 0.1 in 2021. Not a trading advice.
BITSTAMP:ETHUSDLong
by Pill_z