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.
Ethereumlong
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.
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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.
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
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!
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ETH's Next Stop Could Be $2,300+Warning: our thoughts are ours; not financial advice.
We don't like to predict prices but from the look of things, ETH could hit $2,300 before cooling off again. That should take it to the top of the channel. And if there's a breakout of the channel to the upside, keep HODLING guys.
Wish you all the best.
A little bit still goes up #Ethereum #ETHUSD #tradingviewI like that:
Forward forever,
backwards never!
That's how it can go on for the next time.
The big BUT I probably get out only in the summer
but then Ethereum is also still higher.
Greetings and have a nice weekend to the Liker.
For the rest, may the heating fail for a day or the Internet access, depending on what is more important to this reader 😂
Stefan Bode
ETHEREUM Gameplan - Long videoHi guys, this is the long video I had promised about Ethereum.
It is 15 mins ong so I am making a shorter on in a few minutes. Watch whichever one you like.
Summary: 15% chance it drops now
85% chance it will rise and drop hard before the 2,000$ mark
ps. I am not a Financial advisor guys, I am just sharing my ideas with you here. This is how I will be trading Ethereum.
Good luck people,
FXPROFESSOR
LONG ETH... After it's crazy move!ETH makes a crazy move to the downside early this morning on Super Bowl Sunday, retesting its breakout from an ascending triangle, and shaking out leveraged longs all the way to the $1,490 area. But, bulls bought it back up and now look at this wedge formation! Target is the $1700 area! Happy trading!
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
ETHEUR flat top triangle for reaching next targetHello traders,
In the last few hours ETHEUR has been forming a flat top triangle, being its resistance its most recent ATH around 1394 - 1410 EUR. The height of this triangle coincides with the height of part of the larger one formed between January 19 and February 2. As shown, prices are expected to mark a new ATH around 1510 - 1531 EUR.
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.
Late 2017 scenario x 2021 scenarioEthereum late 2017 ATH Scenario
1) Ethereum daily candle closed just 6 days above U$1.200 (major resistance);
2) Ethereum touched just one time U$1.400;
3) 4 days after touch U$1.200, dropped down to U$770;
4) 24 days after touch U$1.200, dropped down to U$550;
Shorten: Ethereum don't holded above U$1.100.
Atual Scenario (2021 ATH )
1) Ethereum daily candle closed 23 days above U$1.200 (major resistance)!!!
2) Ethereum daily candle touched 4 times U$1.400!
3) 12 days after touch U$1.200, went up to U$1.400.
4) 27 days after touch U$1.200 (today), the price is U$1.470.
5) 100 days daily RSI holding at 50+.
Shorten: Ethereum holded strong above U$1.100 + 50 RSI.
Comparison of scenarios
It is very obvious that the current scenario is totally different from 2017 ATH .
The ATH range (U$1.200 ~ U$1.400) is maintaining itself and does not want to fall, there is a lot of buying power close to ATH .
It's just a matter of time to break ATH and rush to 4~5k+ level.
PS: I believe it will happen this year, in the coming weeks / months.
PS2: When ethereum breaks ATH , with daily candle closing above U$1.500, alt season will start strong.
ETHUSD: New Structure High & Important Breakout, What is Next?
hey traders,
After a nice bullish accumulation within an ascending triangle formation,
ethereum finally managed to break and close above 1445 structure resistance.
With that breakout, the price set a new all times higher high higher close.
If you missed a long entry, consider the narrowing area between a broken horizontal structure and rising trend line.
that is our local demand zone and safe point to buy from.
Concerning the next goal for buyers, I have projected the range of the ascending triangle.
I took the strongest impulse leg within that and projected it from a broken structure.
It perfectly points to the 2000 level. It is a nice psychological round number as well.
Also, please consider 1712 level. It is just the middle of the projected impulse leg,
based on my experience I noticed that it matters as well.
Good luck!
ETH breaks out from Bitcoin, goes ballistic to $1,700
Ethereum upsurge remains unique and has the potential to continue beyond $2,000 in the short-term.
Ether whales are still on a buying spree, suggesting that investor sentiment is still positive.
Ethereum is at the helm of cryptocurrency price action for rising to a new all-time high. The largest altcoin’s least resistance path has been upward since it broke above $1,400. Our analysis on Wednesday predicted that Ether is heading to $1,800, however, the smart contract token is exchanging hands at $1,666 after retreating from $1,700 (new all-time).
The 4-hour chart suggests that the price discovery is far from over and that Ethereum is just getting started with its unique rally. For instance, the Moving Average Convergence seems to have reinforced the bulls’ dominating influence over the price. The MACD line (blue) large divergence above the signal line is a clear indication of ETH.s ability to continue with the uptrend.
Simultaneously, Ethereum has been able to sustain the uptrend every time it has traded above moving averages such as the 200 Simple Moving Average, the 100 SMA, and 50 SMA on the 4-hour chart. The 50 SMA seems to be extending the gap above the other two moving averages, adding credence to the bullish outlook.
Ethereum whales are on a buying spree according to Santiment’s holder distribution. The need to hold came after Ethereum displayed signs of growth and perhaps breaking away from Bitcoin. Intriguingly, Peter Brandt said that he was ready to convert half of his BTC holding to Ethereum.
Addresses holding between 10,000 and 100,000 ETH have risen from 1,015 recorded 30 days ago to 1,515 at the time of writing. This is a significant increase that can be extrapolated to explain the growth in the price of Ethereum.
It is probable that Ethereum’s rally will; continue in the near term and perhaps hit new record highs above $2,000.
Ethereum intraday levels
Spot rate: $1,638
Relative change: -30
Percentage change: -2%
Trend: Bullish
Volatility: High
Ethereum Buy a break setup.Ethereum - Intraday - We look to Buy a break of 1587 (stop at 1532)
Daily signals are bullish.
Price action resulted in a new all-time high at 1574.
We look for gains to be extended today.
Posted a bullish Flag formation.
A break of 1580 is needed to confirm the outlook.
Our outlook is bullish.
This over-extended move shows no sign of slowing.
Our profit targets will be 1748 and 1848
Resistance: 1600 / 1700 / 1800
Support: 1610 / 1480 / 1440