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Ethereumlong

Ethereum struggles with recovery to $600 following flash drop to Ethereum rebounds above $500 but struggles with the uptrend to the 50 SMA and $600, respectively. ETH/USD has to close the day above the 100 SMA and perhaps rise above the 50 SMA to sustain the uptrend. The cryptocurrency market plummeted massively on Thursday. Bitcoin’s fall to $16,350 was attributed to investors cashing out from OKEx cryptocurrency exchange after withdrawal services resumed. Over $50 million in BTC is reported to have left the exchange, adding pressure to the selloff. Ethereum flashed dropped after losing the support at the ascending parallel channel’s lower boundary. The bearish leg extended under the 50 Simple Moving Average on the 4-hour chart. The declines stretched under $500 as well as the 50 SMA. Intriguingly, support at $480 remained intact, helping the bulls to find balance ahead of reversal. At the time of writing, the smart contract giant has recovered above $500 while eyeing the 50 SMA at $540. On the downside, the 100 SMA provides ETH with immediate support. The Relative Strength Index seems to have validated the uptrend after bouncing the oversold area. Closing the day above the 50 SMA would hint at a progressing uptrend towards $600. On the downside, it worth noting that the bullish outlook will be invalidated if Ethereum slides under the 100 SMA. If sell orders increase mainly due to panic from investors rushing to take profits, ETH could dive under $500. The support at $480 is expected to come in handy. However, in the event, the headwinds intensify, ETH/USD is likely to fall to the 200 SMA in the 4-hour timeframe. Ethereum intraday levels Spot rate: $521 Relative change: -47 Percentage change: -8.4% Trend: Bullish Volatility: Low
COINBASE:ETHUSDLong
by CoinGape
3
ETHUSD Reaching Higher LOWS - Verge of BREAKOUTIn the last two days, ETHUSD has made significant higher lows to reach over 600$ which is a very refreshing time for ETH HODLers and Traders. While comparing to the BITBAY:BTCUSD reaching it's All time high, ETH still has a long way to go to break it's ATH from 2-3 yearsa ago. We had a similar breakout on Nov 18th-19th after a good consolidation. Currently the charts indicate a converging candle stick chart as the range reduces into a squeeze.
KRAKEN:ETHUSDLong
by jashjacob
ETH on HUOBI dumps - but Ethereum 2.0 on the way! Ethereum would need to avoid a fall through the pivot level at $590.23 to support a run at the first major resistance level at $630.46. Support from the broader market would be needed, however, for Ethereum to break out from Monday’s high of $611.43. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of another breakout, Ethereum could test resistance at $650 before any pullback. The second major resistance level sits at $651.66. Failure to avoid a fall through the $590.23 pivot would bring the first major support level at $569.03 into play. Barring an extended sell-off, however, Ethereum should steer clear of sub-$550 levels. The second major support level sits at $528.80. Looking at the Technical Indicators First Major Support Level: $569.03 Pivot Level: $590.23 First Major Resistance Level: $630.46 23.6% FIB Retracement Level: $486 38.2% FIB Retracement Level: $409 62% FIB Retracement Level: $283
by BitGuy2
ETH Retest of ResistanceThe last month ETH and other alt coins have been lacking BTC, It seems that ETH is now trying to catch up. On November 6th ETH broke through the trend line that has acted as both support and resistance since the beginning of August (white 1.0 line in the fib. channel). There has been some accumulation above the trend line for the last 10 days which shows strength of the breakout. Yesterday ETH has retested the trend line and has since shown a decent bounce. If ETH find support here, it could continue to the upside, possible taking out the local highs. Profit Taking Levels: 488,95 -> Local Highs (Sep 1) Around 585 -> Fib 2.618 Stoploss: 425 -> Break of Trend Line
COINBASE:ETHUSDLong
by bjimmyd
Ethereum long target at $600 after establishing support above ke Ethereum eyes $600 but stalled at $584 to seek higher support before resuming the uptrend. ETH/USD least resistance path seems upwards ahead of the immense support expected from the launch of ETH 2.0. Ethereum price is doddering at $554 following a minor retreat from new yearly highs at $584. The largest altcoin was catapulted extensively above $500 over the last weekend. Ether had not traded at this price level since 2018. The bull’s aim was $600 but the rally was cut short to allow buyers to find formidable and higher support. ETH/USD uptrend has taken a breather as highlighted by the Relative Strength Index. Stability appears to have returned to the market mainly due to the low trading volume. Holding above $550 remains the bulls’ key priority. From here, they have a better standing to plan on how to get to the next rendezvous at $600. It is essential to realize that buying pressure behind Ethereum may increase as the network draws closer to ETH 2.0 launch. Vitalik Buterin, the co-founder of Ethereum assured the community that the thresholds set for staking and number of nodes will be achieved before the deadline. Most analysts believe this launch is critical for Ether both as a digital currency and as a smart contract platform. For now, the path with the least resistance is upwards especially with support at $550. Trading above the recent high at $584 would boost the price above $600. Moreover, this feels like a conservative prediction based on the immense support ahead of the smart contract giant. The bullish narrative will be invalidated if Ethereum closed the day under $550. On the downside, the next short-term support lies at $520. Extended downside price action would seek support between $480, $490, the 50 SMA and 100 SMA, Moreover, the oversold levels of the RSI suggest that a reversal is likely. Ethereum Intraday Chart Spot rate: $561 Percentage change: 0.2% Relative change: 1 Trend: Bullish Volatility: Low
COINBASE:ETHUSDLong
by CoinGape
Once upon a time in the Ethereum era!In 2015, after 10 years of activity in the Forex financial markets, I became acquainted with the crypto market. At that time, Ethereum was around $ 40 and Bitcoin was near $ 500. Since 2013, I have concluded that Elliott waves make the best predictions and have the least risk. At a conference in the Forbidden City of Financial Markets and between a crowd of over 100 people, I did my best to introduce them the hidden power of cryptocurrencies, if anyone thinks about the future, and if anyone is looking for the beauties of life under the momentums of this market and its direction. Many shames, as the Gold and Silver of cryptos (Btc & Eth) hit all the targets and I received only sarcasm from that group of 100 people. The chart is evident enough. Hoping everyone a sweet dream and endless happiness on this blue planet Weekly Chart
KRAKEN:ETHUSD
by NirmataFX
1