ETHEREUM long BUlls are very strong focus on 4200$2900
3500
4200
This are prices I am forecasting Ethereum going to.So I baought again this pair.
Ethereum price prediction, the value of Ethereum is predicted to drop by -3.87% and reach $ 1,880.69 by July 8, 2023. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 62 (Greed). Ethereum recorded 15/30 (50%) green days with 4.17% price volatility over the last 30 days. Based on our Ethereum forecast, it's now a good time to buy Ethereum.
The bullish sentiment is 83%.
Comparing Ethereum against other important technological innovations and trends is one way of predicting where the Ethereum price could head over the long term. The table above shows what the Ethereum price would be by end of year 2024, 2025, and 2026 if its growth trajectory followed the growth of the internet, or large tech companies like Google and Facebook in their growth phase.
In the best case scenario, ETH price prediction for year 2026 is $ 40,444 if it follows Facebook growth. In case Ethereum would follow Internet growth the prediction for 2026 would be $ 4,639.59.
Ethereum is currently trading above the 200-day simple moving average (SMA). The 200-day SMA has been signaling BUY for the last 18 days, since Jun 15, 2023.
The price of Ethereum is currently above the 50-day SMA and this indicator has been signaling BUY for the last 12 days, since Jun 21, 2023.
The most recent Death Cross in the Bitcoin market happened 524 days ago, on Jan 25, 2022. Meanwhile, a Golden Cross last occurred on Feb 09, 2023, which was 144 days ago.
Based on our technical indicators, Ethereum's 200-day SMA will rise in the next month and will hit $ 1,755.37 by Aug 02, 2023. Ethereum's short-term 50-Day SMA is estimated to hit $ 1,819.72 by Aug 02, 2023.
The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 61.22, which indicates that the ETH market is in a neutral position.
Based on today's classical pivot point (P1) with the value of $ 1,925.80, Ethereum has support levels of $ 1,899.83, $ 1,867.43, and the strongest at $ 1,841.46. Similarly, Ethereum resistance levels are at $ 1,958.21, $ 1,984.17, and $ 2,016.58..
Over the past 7 days, Ethereum price was most positively correlated with the price of Maker (MKR), Binance Coin (BNB), EOS (EOS), Litecoin (LTC) and Cardano (ADA) and most negatively correlated with the price of Bitcoin (BTC), Bitcoin (BTC), XRP (XRP), Stellar (XLM) and Bitcoin (BTC).
Ethereum Price Forecast
Date Price Change
Jul 4, 2023 $ 1,948.76 -0.39%
Jul 5, 2023 $ 1,928.34 -1.44%
Jul 6, 2023 $ 1,865.91 -4.63%
Jul 7, 2023 $ 1,935.40 -1.08%
Jul 8, 2023 $ 1,880.69 -3.87%
Jul 9, 2023 $ 1,879.69 -3.92%
Jul 10, 2023 $ 1,793.13 -8.35%
Jul 11, 2023 $ 1,794.39 -8.28%
Jul 12, 2023 $ 1,777.81 -9.13%
Jul 13, 2023 $ 1,789.45 -8.54%
Jul 14, 2023 $ 1,776.89 -9.18%
Jul 15, 2023 $ 1,684.64 -13.89%
Jul 16, 2023 $ 1,693.23 -13.45%
Jul 17, 2023 $ 1,769.47 -9.56%
Jul 18, 2023 $ 1,745.67 -10.77%
Jul 19, 2023 $ 1,742.69 -10.92%
Jul 20, 2023 $ 1,744.43 -10.84%
Jul 21, 2023 $ 1,819.37 -7.01%
Jul 22, 2023 $ 1,906.42 -2.56%
Jul 23, 2023 $ 1,889.61 -3.42%
Jul 24, 2023 $ 1,901.97 -2.78%
Jul 25, 2023 $ 1,911.03 -2.32%
Jul 26, 2023 $ 1,872.39 -4.30%
Jul 27, 2023 $ 1,864.44 -4.70%
Jul 28, 2023 $ 1,870.72 -4.38%
Jul 29, 2023 $ 1,846.92 -5.60%
Jul 30, 2023 $ 1,885.36 -3.63%
Jul 31, 2023 $ 1,930.49 -1.33%
Aug 1, 2023 $ 1,923.82 -1.67%
Aug 2, 2023 $ 1,960.07 0.19%
Month Open Low-High Close Mo,% Total,%
2023
Jul 1933 1836-2478 2198 13.7% 13.7%
Aug 2198 1933-2643 2470 12.4% 27.8%
Sep 2470 2370-2726 2548 3.2% 31.8%
Oct 2548 2374-2732 2553 0.2% 32.1%
Nov 2553 2438-2804 2621 2.7% 35.6%
Dec 2621 2621-3191 2982 13.8% 54.3%
2024
Jan 2982 2805-3227 3016 1.1% 56.0%
Feb 3016 3016-3744 3499 16.0% 81.0%
Mar 3499 3011-3499 3238 -7.5% 67.5%
Apr 3238 2530-3238 2720 -16.0% 40.7%
May 2720 2720-3376 3155 16.0% 63.2%
Jun 3155 2508-3155 2697 -14.5% 39.5%
Jul 2697 2320-2697 2495 -7.5% 29.1%
Aug 2495 2495-3097 2894 16.0% 49.7%
Sep 2894 2261-2894 2431 -16.0% 25.8%
Oct 2431 1899-2431 2042 -16.0% 5.6%
Nov 2042 1595-2042 1715 -16.0% -11.3%
Dec 1715 1715-2046 1912 11.5% -1.1%
2025
Jan 1912 1912-2240 2093 9.5% 8.3%
Feb 2093 1635-2093 1758 -16.0% -9.1%
Mar 1758 1374-1758 1477 -16.0% -23.6%
Apr 1477 1477-1742 1628 10.2% -15.8%
May 1628 1628-2020 1888 16.0% -2.3%
Jun 1888 1534-1888 1649 -12.7% -14.7%
Jul 1649 1649-2047 1913 16.0% -1.0%
Ethereumlong
Ethereum -> Will The Cluster Actually Hold?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Ethereum 💪
If we are looking at the macro view on the monthly timeframe you can see that Ethereum perfectly retested the 0.768 fibonacci level in confluence with the previous cycle high so everything looks like we are starting the next major bullish crypto cycle.
The weekly structure level at the $2000 area is still pressing Ethereum but eventually I also do expect a break above this level and then simply more weekly bullish continuation.
Looking at the daily parallel rising channel on Ethereum you can see that Ethereum is currently retesting the lower support, market structure is still bullish but we could certainly see a break below the level and then I am using every dip to buy more Ethereum.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Bullish Surge: BTC and ETH Soar with Inverse Head and Shoulders!Bitcoin (BTC) is looking positive today, thanks to the emergence of an inverse head and shoulders pattern. The successful rebound from the 29,500 USD resistance level indicates a robust pattern in full swing, setting the technical target at approximately 30,630 USD.
Remarkably, Ethereum (ETH) is also displaying a similar pattern on its chart, signaling a potential boost for ETH in the short term. This bullish setup suggests favorable price movements for both BTC and ETH, creating enticing opportunities for traders and investors. The target for the inverse head and shoulders pattern in ETH is expected to be around the 1954 mark.
Ethereum Weekly Key LevelsEthereum started forming a symmetrical triangle on the weekly timeframe. The breakout of this pattern will occur with the weekly candle closing above the $2025 level.
At the same time, Ethereum, which fully adapts to the moving averages, especially in the weekly time frame, will make a weekly candle closing above $2025, which will mean that it will break the moving average. The first target after this breakout will be the $2531 resistance. If this resistance is exceeded, the next target will be the $3417 resistance. In this scenario, we will watch the moving averages specifically for pullbacks. (WMA40, WMA120)
In a possible breakout, the negative scenario will target the RMA200 level of $1176. This target will only be active at the close of the weekly candle below $1700.
ETHUSD Analysis 16July2023for a moment there is a bullish trend that is more dominant, but if you look at the shape of the swing that has been formed, it could be soon entering a correction period. if you want to go long for the long term, it is better to hold back or maybe buy with the adjusted dollar cost averaging method.
Ethereum -> Better Than Bitcoin?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Ethereum 💪
If we are looking at the macro view on the monthly timeframe you can see that Ethereum perfectly retested the 0.768 fibonacci level in confluence with the previous cycle high so there is a chance that from here we will start the next crypto bullrun.
The weekly timeframe on Ethereum is clearly bullish with Ethereum trading in a decent rising channel and now sitting at the support trendline so I simply do expect a weekly push higher.
But as you can currently see, the daily timeframe on Ethereum is not looking that strong at all - therefore I am waiting for Ethereum to break above the daily $1950 resistance level and then we are also back to a daily bullish market.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Buying Ethereum at previous key resistance.Ethereum - 24h expiry - We look to Buy at 1912 (stop at 1872)
Daily signals are bullish.
Our bespoke resistance of 1930 has been clearly broken.
Bespoke support is located at 1900.
20 4hour EMA is at 1920.
We look to buy dips.
Our profit targets will be 2012 and 2032
Resistance: 1972 / 2000 / 2050
Support: 1930 / 1900 / 1880
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
ETH Price Soaring with Bullish Flag - Time to ConsiderToday, I bring you exciting news: Ethereum (ETH) has shown a remarkable surge, accompanied by a bullish flag pattern that signals a potential upward trend. This is the perfect opportunity to consider adding ETH positions to your portfolio!
Over the past few weeks, ETH has been on an impressive upward trajectory, outperforming numerous other cryptocurrencies. However, what truly sets it apart is the recent formation of a bullish flag pattern. For those unfamiliar, a bullish flag is a technical analysis pattern that indicates a brief consolidation period before a potential continuation of the previous upward trend. This pattern often precedes a significant price surge, making it an exciting time for traders like us.
The recent surge in ETH price, coupled with the bullish flag pattern, suggests that we may be on the cusp of witnessing a substantial rally. As traders, we thrive on identifying such opportunities and capitalizing on them. Therefore, I encourage you to consider adding ETH positions to your trading strategy, taking advantage of this potentially lucrative period.
Here are a few reasons why ETH presents a compelling investment opportunity:
1. Ethereum 2.0 Upgrade: The much-anticipated Ethereum 2.0 upgrade is set to revolutionize the network, enhancing scalability, security, and efficiency. This upgrade has been a long time coming and is expected to attract increased adoption and investment in the Ethereum ecosystem.
2. DeFi Boom: The explosive growth of decentralized finance (DeFi) has driven ETH's recent surge. As the backbone of the DeFi ecosystem, Ethereum has become the go-to platform for innovative financial applications, attracting significant investor interest.
3. Institutional Adoption: The interest and involvement of institutional investors in the crypto space have been steadily increasing. With prominent institutions recognizing the potential of cryptocurrencies, including ETH, we can expect a surge in demand and subsequent price appreciation.
Now is the time to seize the moment and consider adding ETH positions to your trading portfolio. However, as with any investment, conducting thorough research, analyzing market trends, and managing risk is crucial. Stay informed, closely monitor market indicators, and make informed decisions to maximize your potential gains.
Remember, opportunities like these only come knocking sometimes. By staying ahead of the curve and embracing the bullish flag pattern, we position ourselves for potential profits in the ever-evolving world of cryptocurrencies.
So, what are you waiting for? Take action now and consider adding ETH positions to your trading strategy. Take advantage of this exciting opportunity to ride the wave of Ethereum's upward momentum!
Ethereum Gann Fan SupportsFor Ethereum, which returned from the $ 2100 resistance in the short term, a Gann Fan fit appears in the long term. If Ethereum, which is in the descending channel, holds at $ 1640, which is the Gann Fan support, it can walk to the descending channel resistance, and from there to the Gann Fan resistance. If it cannot hold the $1640 level, the target will be 1365.
Ethereum -> Why Is It LaggingHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Ethereum perfectly retested and rejected, as mentioned in my last analysis, a quite nice previous weekly support zone towards the upside.
You can also see that weekly market structure is now definitely back to bullish, considering that Ethereum will also most likely close with a bullish engulfing candle which looks super constructive I simply do expect the continuation of the rally.
On the daily timeframe however you can see that Ethereum is still stuck at the $1900 level which is turned support again; overall Bitcoin is also heavily outperforming Ethereum so I am now just waiting for a break above the resistance and then also Ethereum is ready for more bullish price action.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
The Resurgence. A Fake-Breakout on Ethereum The Weekly candle suggests that it may be closing as a Hammer candle in 29 hours. In anticipation of this, we are anticpating more bullish volume as we move into the next week of trading. Bulls have carried price back inside our 4Hr Range on Ethereum. Price returned to the top of the 4hr range around 1765. We have since returned to the bottom of the range where I can observe a good reward/risk idea. This is known as a Fakeout or Fake-Breakout with regard to price action analysis. It occurs frequently in the market in which price will "Breakout" and candles close outside a range. Soon enough though, price closes back within the range after capturing enough liquidity from the other side. As a consequence we may see a burst of momentum going the other way.
A useful belief that has served me well in the markets has been " Anything can happen"
Therefore, have reasonable expectations and cut losses short and manage risk if the market doesn't go our way.
1708$ is our SL ( a 20$ Loss or -1R )
Take Profit 1 is 1765$ ( a 36$ gain or a 1.8: 1 Reward/Risk )
Take Profit 2 is 1805$ ( a 77$ gain or a 3.5 : 1 Reward/Risk )
Take Profit 3 is 1842$ ( a 114$ gain or a 5.7: 1 Reward/Risk )
Ethereum -> Weekly Timeframe Is ClearHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Ethereum is currently retesting and starting to reject a major previous weekly resistance area which is now turned support at the $1700 level.
You can also see that Ethereum is overall still creating bullish market structure and about to close with a strong weekly rejection wick so considering the overall bullish crypto trend, I do expect Ethereum to reject this support zone towards the upside.
On the daily timeframe Ethereum is currently creating obvious bearish market structure with resistance at the $1770 level so I am now just waiting for Ethereum to break back above the resistance and then I do expect the next major rally to start from there.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Ethereum -> Hunting The BuyersHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that at the moment, Ethereum is retesting a quite strong previous resistance area which is now turned support at the psychological $1700 level.
You can also see that overall market structure and moving averages are still bullish, furthermore there is also a support trendline coming in at the current $1700 level which is acting as even more support, so from a weekly perspective I simply do expect more continuation towards the upside from here.
On the daily timeframe however you can see that with today's candle, Ethereum is breaking the previous support at the $1800 area towards the downside, hunting all the stops which were below this key area, so I am now just waiting for a break back above the support and then I do expect a daily rally from there.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
ETH not dead yetLooking for a bullish count here on ethereum as we seem to be looking to continue higher.
The down move off the 2140$ high seems to be a corrective move as it is a three wave move, therefore not trend establishing.
Looking for further upside as we could moving sideways in a triangle in wave (iv).
Questions are more than welcome, trade safe!
Feel free to check out my other post here on Tradingview!
SOLETH OpportunitySolana (SOLETH) pair weekly chart is presenting us with a great opportunity to grow our ETH holdings with a SOLETH trade over the next several months.
This is based on the weekly chart so it will take 2-3 months to play out. Solana is getting ready to gain against ETH. This could happen in several ways. One way simply is that SOL gains in price in a significantly faster pace against the ETH .
Another way it could happen is that ETH falls while SOL stays pretty stable range bound.
The right side of the chart is showing possible USD valuation of the move while the chart on the left side is the SOLETH pair. Either way I'm expecting an exponential move in SOL price on the way to .618 fib retracement levels.
I'm exchanging some of my ETH to take this trade. Again regardless of the USD price, the goal is to accumulate more ETH in the long run. And if it doesn't work I have a great allocation of SOL that I don't mind holding for the long term.
My initial price target for SOL is $30. If we break that on a weekly close, my next target is $46. I will be taking profits back to ETH, if we hit those levels.
Not a financial advice so DYOR.
Ethereum -> Back To A Bullish MarketHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Ethereum just retest and already started the rejection away from a previous weekly resistance area which was turned support exactly at the $1750 level.
You can also see that weekly market structure is still quite bullish, the next resistance zone is at the $2125 level so I simply do expect more continuation towards the upside to then retest the next resistance area.
On the daily timeframe you can see that my previous analysis about Ethereum perfectly played out with a simple break and retest above the daily $1850 previous resistance - daily market structure and moving averages are also now back to bullish so I am now just waiting for break above the $1910 resistance and then I do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Ethereum -> Consolidation Before BreakoutHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Ethereum is approaching a quite nice previous weekly resistance area which is currently turned support exactly at the $1700 level.
You can also see that weekly moving averages and market structure is overall bullish, I am now just waiting for a retest of this level before I then do expect more continuation towards the upside.
On the daily timeframe you can also see that over the past couple of days Ethereum has been trading between support at the $1780 level and resistance at the $1855 level so I am now just waiting for a break above the resistance and then also the daily timeframe looks promising for a next rally towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Ethereum to break the resistance?Ethereum - 24h expiry - We look to Buy a break of 1846 (stop at 1796)
Daily signals are mildly bullish.
A break of the recent high at 1844 should result in a further move higher.
1844 has been pivotal.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
The primary trend remains bullish.
Our profit targets will be 1966 and 1986
Resistance: 1830 / 1845 / 1860
Support: 1790 / 1780 / 1760
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.