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Ethereumusd

Ethereum under triangle's supportEthereum also recovered some losses since late January, but, unlike Bitcoin, the last leg up just touched 3k, around 8% lower than the first, giving us an indication that the coin is weak. Looking at the chart we can see that a symmetrical triangle has formed and now the price is under rising trend line support. Triangles are continuation patterns and the target for Ethereum is 1700 which is in line with a very important horizontal support. EthUsd back above 2800 would put a pause in this scenario.
COINBASE:ETHUSDShort
by Mihai_Iacob
3
ETHEREUM: MOST LIKELY SCENARIO.Welcome folks to my new update on ETH. To analyze Ethereum, I am gonna use a higher time frame (8hours). If you are viewing my post for the first time then do hit the like button and graciously follow as well. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market. Anyways, let's get back to the chart. The current scenario of the entire market is bearish for the short term. You can clearly see in the chart that ETH failed to even touch the upper trendline (resistance) and for the last 48 hours +, ETH was falling from the edge. I am expecting ETH to drop towards the lower trendline which is at $2.4k or close to it and then bounce back heavily. I would love to enter on ETH between $2.4k to $2.5k only if we see a bounce coming in. Note: A drop below the $2.4k support level will be a disaster for ETH cause if it breaks then we may possibly see ETH at $2k. What do you guys think about ETH? Do you think ETH will bounce back soon or it will keep on rejecting? Let me know your ideas in the comment box. I will be more than happy to know your opinion. Trade safely, guys. I will see you in my next update. Thank you.
COINBASE:ETHUSDLong
by Dexter_The_Trader
ETHUSD Backwards Falling WedgeEthereum can be seen to be forming a large wedge structure, in which looked at in a reverse fashion a sharp breakout can be seen upon the ending of the 'falling wedge' This breakout was a 134% increase from its bottom This bottom is a crucial point in the evolution in price, providing the first bottom for the double bottom structure I say price must be higher for this backwards falling wedge to exist because a falling wedge like this would only occur if price was in a descending fashion (when looked at backwards) There is still room for ETHUSD to go way higher Check out my God Candle idea above
BITFINEX:ETHUSDLong
by Bixley
5
Ethereum Breakout Coming Soon!!?Ethereum is on the verge of a potential breakout of this triangle, we have wicked up and above for the first time but have since came back down to just below the top. The very good news is that we are looking like we may see a daily close above the 0.6 FIB level and yesterday we had a daily close above the daily pivot point (teal) both of these are very bullish signs, now keep in mind it doesn't necessarily confirm a bullish move but we are heading in the right direction! Not even too mention the bullish breakout of the descending channel, we briefly broke out a couple times before and have fallen back in but this time could be the real deal, we will have to wait and see. Looking at our RSI we are seeing yet another very good sign, we have taken back the midline, by being and remaining above this midline it confirms an uptrend if we can hold it, falling back below will keep us in a confirmed downtrend, ideally we do want to see more upside for price action and the RSI so we can get that yellow SMA above the midline aswell for additional support! Now the Stoch RSI has rebounded very fast and is coming up shortly on the overbought zone, now this could be a sign for a little cooloff once we do reach this level but the most important thing is for the RSI to remain above that midline! Not financial advice just my opinion!
KRAKEN:ETHUSD
by JacobR905
ETHEREUM BREAKING THE RESISTANCE ENTERING THE $3K LEVEL.Welcome folks to the new update on ETH in 4 hours TF. The month of March has begun and it's a good kick-off for the entire market. This is also the last month of the 1st quarter and so far things look good. Ethereum is almost 19% up from the last bounce at $2558 and the current price is breaking the upper trendline which is also a resistance level. We cannot completely claim this to be a breakout until and unless the candle closes. A breakout will be a positive move for ETh and it could possibly rally up to $3.2k to $3.6k. A break down on the other hand will drop the price back to $2.8k to $2.5k. The entire is green right now so we need to slow down a bit and be careful. The F&D index is neutral and now the indicator can fall in any direction. The RSI on the other hand is at the overbought zone. I believe that the market needs to calm down a bit and then make a higher rally gradually. What do you guys think? Do like, share, and comment for more updates. Thank you.
COINBASE:ETHUSD
by Dexter_The_Trader
ETH Weekly AnalysisEthereum did get below significant zone a couple of weeks back, which turned from support to resistance. Although we saw a second strong rejection to the downside, we're still below the zone, which needs strong power from bulls to get through. Although bulls would be right by saying there is some positive development (rejection of move to the downside, outflow of crypto from exchanges, bids from whales), I think we will see ETH moving towards the 2k area, which will act as the significant support and we may see trend reversal.
Short
by alphascala
Ethereum: Not Yet…🍵 It’s a bit like sipping tea. You take the cup to your lips to check the temperature only to decide “No, not yet”, because the brew is still too hot and you must let it cool down a bit longer. (And then, you promptly forget that you have even made tea in the first place.) Similarly, Ethereum has taken a sip of the orange zone between $2402 and $1861 but decided to not explore it further yet. Instead, it has come back to about $2700 again to finish wave 4 in green. As long as Ethereum stays below the resistance at $2837, we expect it to move back into the orange zone and complete wave 5 in green as well as wave v in orange, wave c in blue and wave ii in magenta at its bottom. After this accomplishment, Ethereum should rush upwards until the resistance at $3412, breaking the one at $2837 in the process. From there, it should have enough drive to head for the next aim at $4865 and further still.
BITFINEX:ETHUSD
by MarketIntel
6