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Ethereumlong

ETHEREUM - Intraday Update - 12/09/20 (Short-term)ETHEREUM - Intraday Update - 12/09/20 (Short-term) Outlook : Expecting ETHEREUM to recapture its $637.90 high and beyond. Breaking above $595.50 is the next upside objective for the bulls. (Fist a Bullish Evidence) Analysis : The break above $637.90 signals the second wave consolidation is complete, and the move puts ETHEREUM back on track to challenge the next upside hurdle. The bulls are in control while $480 - Wave ii - stays intact as support. Bottom Line : A third wave rally is in its early stages. Subdividing higher within wave iii of (iii) Note : Prices can vary between ETHEREUM exchanges. Consequently, there may be differences in our chart prices due to different data sets. Our analysis is for information only. We recommend that people avoid trading on unproven exchanges vulnerable to hacking and theft.
BITMEX:ETHUSD.PLong
by ferGOD
Ethereum seems to be going back to the drawing board Ethereum is on the verge of a breakdown to $500, mostly if the support at $540 fails to hold. The bearish outlook will be abandoned if Ether closed the day above $540 and perhaps reclaimed the ground past $560. Ethereum is in the middle of a retreat that could soon touch $500 following a failed attempt to recover to $600. The flagship altcoin is teetering at $545 amid fresh declines from the recent rejection at $580. Ether might complete the bearish leg to $500 if a crucial support area is depressed. Meanwhile, the descending channel’s middle boundary on the 4-hour chart seems to be holding the fort, allowing bulls to flex their muscles. This zone, in conjunction with the immediate support at $540, must hold to ensure that potential losses to $500 are averted. The downtrend momentum appears to have been validated by the Relative Strength Index, especially now that the indicator is dropping fast towards the oversold area. An increasing volume suggests that the bearish pressure would be felt more because massive sell orders are likely to come into the picture if ETH breaks below the above-mentioned support levels. The 200 SMA at $530 recently functioned as a key barrier and is likely to do the same. However, if declines stretch past the zone, the next tentative buyer congestion zone is at $500. For now, the least resistance path is downwards until Ether embraces robust support, strong enough to support a rebound. It is worth noting that, the bearish outlook will be invalidated if Ethereum defends the immediate support area. Upward price action might push ETH above the channel’s upper boundary. Trading beyond $560 is likely to encourage more buyers to join the market, thereby pulling the price to $600. Ethereum intraday level Spot rate: $544 Relative change: -14 Percentage change: -2.5% Trend: Bearish Volatility: Expanding
COINBASE:ETHUSDLong
by CoinGape
ETHUSD (ETHEREUM) Cup and Handle Pattern#ETHUSDT Technical Analysis Update Wait for the Cup and Handle Pattern Breakout ETH/USDT currently trading at $616 LONG ENTRY: ONLY ENTER LONG AFTER THE CUP AND HANDLE PATTERN BREAKOUT IN 4HOUR CHART STOP LOSS: I will update stop loss once I see the Break out in 4 h chart Resistance level 1( Target): $730 Resistance level 2 (Target): $830 Max Leverage: 4X ALWAYS KEEP STOP LOSS... Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and Comment your thoughts
Long
by GreenCryptoTrades
Ethereum on the cusp of a massive breakout to $640 Ethereum lifted to new yearly highs at $636 but corrected under $600 to seek formidable support. Ethereum's short-term analysis is bullish, where a daily close above $600 could see it resume the uptrend to $700. The smart contract giant is currently playing defense mechanism after correcting from the recent new yearly high at $636. The flash spike above $600 on Tuesday surged above the previous high at $625 but failed to sustain the uptrend toward $700. Ethereum is teetering at $592 at the time of writing amid calls for more declines eyeing $500. Ethereum could engage reverse gears For now, holding above the short term support at $575 is key to resuming the uptrend. The smart contract token must also hold the 50 Simple Moving Average to be able to avert the looming danger of a retreat to $500. If Ethereum closed the day above $600, it might encourage more buyers to join the market. A break above the double-top pattern could lift Ether in the direction of $700. Meanwhile, the short term bullish momentum is given credence by the Relative Strength Index, as it rebounds heating to the overbought region. The double-top pattern could give credibility to a bearish narrative, leading to a massive correction below $500. This pattern is used in technical analysis to signal a possible correction after an asset hits the same peak twice without sustaining an uptrend beyond it. A double-top pattern highlights the presence of immense selling pressure. On the downside, traders should keep in mind other key levels including the 100 SMA and $500. A drop under $500 is doubtful based on the bullish nature of the cryptocurrency market as the year comes to an end. However, if push comes to shove the 200 SMA will come in handy slightly above $475. Ethereum intraday levels Spot rate: $595 Percentage change: 1.8% Relative change: 10 Trend: Short term bullish bias Volatility: High
COINBASE:ETHUSDLong
by CoinGape
3
ETHUSDT (Wait for the Resistance Zone Breakout)#ETHUSDT Technical Analysis Update Wait for the Resistance Zone Breakout ETH/USDT currently trading at $590 LONG ENTRY: ONLY ENTER LONG AFTER RESISTANCE ZONE BREAKOUT IN 4HOUR CHART STOP LOSS: I will update once Break out happened in 4 h chart Resistance level 1( Target): $730 Resistance level 2 (Targe ): $830 Max Leverage: 4X ALWAYS KEEP STOP LOSS... Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and Comment your thoughts
Long
by GreenCryptoTrades
Anoher Potential Scenario As Bitcoin has been rejected from ATH, and exposed to a harsh sell off while dragging the the altcoins downward as well. Although the 850usd of 2. price target is on the way on the longer time frame , a mid target might form while whole crypto market waits at BTC ATH treshold. A potential scenario might reveal itself in the coming days That a reverse flat bottom triangle might also point to a 756 usd target which also coincide with my previous target of 771 usd. Remember that these targets are all mid way targets. For now, for ETH for the seeable future, the pattern points to 1.450-1470 Levels
Long
by Baris_Sozen
Ethereum soars 25% from the recent dip, eyes on $625 Ethereum rebounds from last week’s support at $480 to almost testing the resistance at $600. A break above $600 is expected to elevate Ethereum above $625, and perhaps send it on a pathway to $700. Ethereum has recovered significantly since last week’s dive to the support at $480. The weekend session was kind to other major cryptocurrencies too, with Bitcoin surging above $18,000. Meanwhile, Ether is trading at $580 amid a building bullish momentum. Ethereum on the verge of a breakout to $62' All technical indexes point towards Ethereum soaring to highs above $600 in the coming sessions. The Relative Strength Index has reinforced the bullish grip, as it grinds closer to the overbought region. The consistent rise from levels around 30 has called for an increase in buy orders. ETH is also trading above the 50 Simple Moving Averaged. Note that the last time Ethereum exchanged hands under it, losses amounted to 11%. As long as the smart contract giant is above this key moving average, the path with the least resistance will remain upwards. On the other hand, the gap made by the 50 SMA in the 4-hour time above the 100 SMA and 200 SMA, suggests that buyers have the upper hand. Trading above $600 is likely to encourage more buyers to join the market. If enough bullish pressure is created, Ethereum is will likely break above the target at $625 and focus on gains above $700. On the flip side, it is worth mentioning that some delays may be encountered at $600. Perhaps enough selling pressure will build to stop the planned breakout to $625. A correction from the critical level might see Ethereum fall back to seek refuge at the 50 SMA. Other key support levels to keep in mind include 100 SMA at $515, $480, and 200 SMA at $465. Ethereum intraday level Spot rate: $587 Percentage change: 2% Relative change: 10 Trend: Bullish Volatility: Expanding
COINBASE:ETHUSDLong
by CoinGape