Ethereum Price Blasted Past $4,000; Closing In On $4,400
Ethereum is on the final approach to $4,400 after bringing down the barrier at $4,000.
The SuperTrend and the MACD indicators sustain buy signals as buyers flock to the market.
The cryptocurrency market is currently shining a light on the altcoins following weeks where Bitcoin has solely rallied to higher levels. Ethereum appears to be leading the pack after making a comeback above $4,000.
Ether is not the only altcoin on the upward roll because Solana trades at $183 at writing after rallying nearly 17% in 24 hours. Other double-digit gainers include Litecoin and OKB with 10 and 18.5%, respectively. Most altcoins are posting considerable double-digit gains.
Ethereum Price On The Home Stretch To $4,400
While Ether has kept the uptrend intact over the last couple of weeks, it has not made it to $4,000 until now. Altcoins mainly experienced the challenge because Bitcoin continued to shake the ground for new levels. At the moment, BTC is trading within an inch of the all-time highs.
Ethereum has come a long way in the last 24 hours, first defending support at $3,800 and later lifting beyond the critical supply zone marked in red. The second-largest cryptocurrency trades around $4,160 at writing, while bulls look toward the record high achieved at $4,400 in May.
Meanwhile, the technical picture is strongly bullish based on the Moving Average Convergence Divergence (MACD) indicator and the Relative Strength Index (RSI). The latter recently crossed above the mean line; simultaneously, it sustained a buy signal since late September.
The RSI affirms the growing bullish grip on ETH, and as it moves into the overbought region, more buy orders are anticipated. Another buy signal from the SuperTrend indicator emphasizes the bulls’ influence, thus propping Ethereum for the ultimate breakout to $4,400.
Ethereum Price Intraday Levels
Spot rate: $4,177
Trend: Strongly Bullish
Support: $4,000
Resistance: $4,400
Ethereumusd
Ethereum Climbing Back Up!!Since we were trading withing the bullish triangle a little while ago i talked about some very nice looking upside on the horizon and we have seen just that with a strong breakout and a steady climb back to the upside! PS. This drawing was not the Bullish triangle i am referring too i erased it to clean up the chart a bit, we have taken out the 0.2 FIB level and we have had multiple retests with us being successful everytime, another key level we have successfully regained is the 3667$ and again we have had multiple retests succeeding. The next big test we are facing is the 4k level or aprx 3990-4000K level we have had one touch so far and we're rejected but we are still looking strong and seem to be taking a little cooldown resting on our current support level until we make our next move upwards! We also have uptrend support coming from around 2800$ and we have respected it all the way up till now, i see us holding onto this level following it upwards and ultimately i am looking for a reentry of our ascending channel shown above and then eventually the 0 FIB of course coming from our ATH! Looking at our Bollinger bands we seem to be inna very nice spot with price action well above the midline and not far away from that top band, i think we could be in for a rollercoaster ride up the top BB since we have not seen one in quite some time and we keep on wicking too the very top, likely just a matter of time before we have a nice upside day then eventually grabbing onto that top band taking it for a ride likely up towards that 0 FIB level, if the momentum is there i don't see us having too many problems shredding through this level and creating a new ATH and aswell entering price discovery mode! Looking at the Reversal Momentum Indicator we are in a slight downside right now but we see the orange curling heavy to the upside and coming towards the blue, we don't want too see a bearish reversal with the blue going under the orange but we could definitely see a little fakeout where we get a nice bounce off of the orange to continue this upside climb! Checking out the ADX we are looking good and seem to have found some footing a decent bit below our previous high, we are starting to turn to the upside with the direction looking to start an overall reversal after having some significant downside. A must watch for Ethereum is price action grabbing onto that top bollinger band, the RMI getting a bounce and keeping the blue ontop, and aswell the RSI which isn't currently on the chart, we need to stay above the midline to continue the uptrend, we are significantly above the midline currently near the top of the zone so thats why i decided to leave it out of this TA but always keep an eye on that! Not financial advice just my opinion!
ETHUSD Comparable Points BULLSI just realised on the log chart for ETHUSD that the same structure we are experiencing now is poised between .786 and .618
using this information I can predict I possible top at 11K which is close to my previous target of 8K
Using both these targets ill come to a decision around that area when I will sell (if I will)
Linking important charts that are relevant and you should check out
ETHUSD Update Updated thoughts on ETH
Im not sure if the Top cap value for the ETHBTC pair is accurate, it may only correspond to ETHUSD
Using the ETHUSD chart where it is valid I have placed a target at 8K, i believe it will be fulfilled
You can see how the curved white line (Middle line) is descending upon the major trendline and is forming a rising wedge in the process
This formation 'rising wedge' is considered bearish in the books
See if it holds up or the bullish rising wedge is born
Ethereum poised for a parabolic run Target @ $5kEthereum poised for a parabolic run Target @ $5k. A strong Buy signal was triggered on the Daily Chart (10/10/21) with the 13 EMA crossing up above the 50 SMA. We have been very patient with this move as a fake-out looked likely to form, from the current price level ETH is showing a clear breakout above the 78.60% Fibs, currently Ethereum is only 15% away from the ATH price in May @ $4361. This move to the 161.80% looks like it will be a very impulsive wave and may play out in 2 push phases. From the current price ETH is 42% away from the ATH, since the buy signal triggered ETH has grown over 18%+.
ETH Sell the top.Ethereum - Intraday - We look to Sell at 3619 (stop at 3702)
Pivot resistance is at 3677.
Bearish divergence can be seen on the 4 hour chart, daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
Price action looks to be forming a top. W
e look for a temporary move higher.
Preferred trade is to sell into rallies.
50 4hour EMA is at 3350.
The trend of higher lows is located at 3350.
Our profit targets will be 3366 and 3306
Resistance: 3600 / 3680 / 3800
Support: 3500 / 3400 / 3350
ETHUSD Very strong bull caseEthereum has just landed above a massive major trendline
It has also recovered from a pullback to .786, as it did in its first bull run
If its anything similar to the first bullrun move, the bars pattern I have placed is what we should be looking for
I want 8k
Still not sure whether I should jump out or just hodl through another bear cycle
Ethereum Analysis, the way to 4kHello everyone, as we all know the market action discounts everything :)
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The September dip is now being bought by investors. Ether surged over 9% on Friday, the first day of October.
The ETH market has been having a good couple of days after the trend turned Bearish back in the 6th of September where the price dropped from 3981.54 to 3004.99 in 1 day, That's almost a 25% decrease in value in a 24h period...
In the last 5 days, we did notice a good increase in the price with a good amount of volume in the market. the price jumped from the 2789.23 range back to the 34411.59 today.
The Bulls are trying to reverse the Bearish trend in hopes to hit the 4000 range again.
Different Scenarios for the market :
Scenario 1 :
The market is trending near the first resistance level located at 3484.94 with a strong upper momentum movement that could push the price to the 3657.85 level where we will see a battle over control between the Bears and the Bulls, And the Bulls will try to breakout that level which would show how much power they have and people will buy in even more gaining more strengths that could lead the ETH price back to the 4000 zone.
Scenario 2 :
The bears are still holding some power over the trend and they might push back and drive the price back to the support level at 3274.92 or even the 2929.14 level.
That's where the Bulls will gather most of their forces and bring the price back up to the range of 3420.70.
Technical indicators show :
1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish Sign)
2) The ADX is at 32.37 showing that the market is trending with a positive crossover between DI+(23.48) and DI-(23.31)
3) The RSI is at 56.28 showing good strength in the market, with no divergence found between the market and the indicator
Daily Support & Resistance points :
support Resistance
1) 3274.92 1) 3484.94
2) 3161.59 2) 3581.63
3) 3064.90 3) 3694.96
Weekly Support & Resistance points :
support Resistance
1) 2929.14 1) 3657.85
2) 2470.01 2) 3927.43
3) 2200.43 3) 4386.56
Fundamental point of view :
Ethereum is certainly making strides towards the Ethereum 2.0 completion. Just a few days ago, the project announced the arrival of its Ethereum Altair upgrade. To specify, the upgrade will be taking place sometime this month.
The purpose of Ethereum 2.0’s launch is to fully deploy a Proof-of-Stake consensus onto its platform. This model should eliminate the platform’s long-striving issues of high gas fees, congestion, and limited scalability.
"It seems like Ethereum is losing Steam. As a result, companies are looking into platforms like Cardano, which is used to build dApps, and Solana, which has seen a nearly 4,800% growth since September 2020." According to FXempire
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
ETHEREUM , Full Analysis (short-term to long-term)hey guys , the whole analysis is here in the description. make sure you read it all . so let's get it started !
we start with longer terms :
this pic is for the ones who are looking for a LONG-TERM analysis , so it'll probably take 1 and half to 2 years for ETH to get there. as you see , Ethereum could be repeating the cycle . I marked two red zones for y'all . both have descending channel and ETH seems to be repeating that pattern again . alrighty , let's move on to the next pic !
so here's our elliott waves ,we had the first two waves . the second wave which is a correction wave is completed and the third wave is already started . so what is our TARGET here ? it's easy to find out the target , just by Fibonacci Extension . and well , 10774 $ is our target and that is when the third wave is probably gonna end . "so 1 question , Armin . when should we buy it ?!" -----> next pic !
as yall see Ethereum broke outta the descending channel and price has gone up a bit . so price is in a triangle . bearish or bullish ? I say bullish due to all of these analysis , but those who wanna buy for the long-term , it's better for the price to break the red line and that's when it's confirmed that it will rise the way I told in the previous pics. so WHEN TO BUY ? after the red line breakout. "Armin , no short-term analysis ?!" , dude wait , check the rest .
alright , in this pic the price has met the MA50 , and I'm guessing it'll have a little correction and then go back up ! what are the targets for short-term ? the red zone and then the red line that we talked about earlier.
and at the end , here we are with 1H timeframe. there are two waves that I drew , it's simple . either it will break the top of that little triangle and rise after it OR as I said in the previous pic , it will break the bottom and rest a bit and then go back up.
So guys this was the full analysis of ETHEREUM , if you liked it , hit the like . and if you wanna see some more , follow !
GoOoOod LuUuUucK !
ETH Buy a break setup.Ethereum - Intraday - We look to Buy a break of 3181 (stop at 3088)
Daily signals are bullish.
Pivot resistance is at 3175.
A break of 3180 is needed to confirm follow through bullish momentum.
The bias is to break to the upside.
Prices have reacted from 2650.
Our profit targets will be 3448 and 3498
Resistance: 3100 / 3180 / 3300
Support: 3050 / 3000 / 2950
ETH Needs This Crucial Level Ahead Of Approach To $4,000
Ethereum is doddering at $3,100 after failing to break the resistance at $3,200.
The MACD may call more buyers into the market if Ether confirms a break above $3,200, a move that could bolster ETH toward $4,000.
Ethereum moved with its peers on Thursday and managed to reclaim the ground above $3,000. As reported earlier this week, the prominent smart contracts token had plunged to $2,650 amid a highly volatile cryptocurrency market. Ether also extended the bullish leg above $3,100 but stopped before brushing shoulders with $3,200.
Bitcoin has also been lethargic in its recovery after testing support at $40,000 this week. The largest cryptocurrency closed the gap to $44,000 but is yet to confirm a breakout above $45,000.
Ethereum Must Close Above $3,200 To Validate Upswing To $4,000
The resistance at $3,200 has been a daunting task for the bulls, resulting in a correction toward $3,000. Meanwhile, Ether is teetering at $3,100 at writing as bulls fight to shake off the engulfing selling pressure.
Bulls must confirm a break above $3,200 to add credibility to the optimistic narrative eyeing $4,000. Realize that the 50-day Simple Moving Average (SMA) could make it difficult for buyers to achieve their goals quickly. Moreover, the supply zone in red will also hinder ETH from breaking through and lead to another round of losses.
The daily chart reveals that the Moving Average Convergence Divergence (MACD) has wallowed in bearish signals since September 7. This technical index afforms the general lethargic picture as it stays in the negative region under the mean line.
Traders should lookout for a buy signal in the coming session or days to ascertain the validity of the uptrend. All the sake, trading above $3,200 would hasten the occurrence of the bullish call.
On the downside, overhead pressure will soar if Ethereum losses support at $3,000. Investors are likely to sell in masses amid panic that the demand in green could give in to the pressure this time around. It is worth mentioning that the 100-day SMA has cemented the buyer congestion zone while the 200-day SMA currently holds at $2,612.
Ethereum Intraday Levels
Spot rate: 3,098
Trend: Bearish bias
Volatility: Low
Support: $3,000 and $2,650
Resistance: $3,200 and $3,600
ETHUSD Growth LocationWe can be seen to entering the best possible entry territory for ETHUSD (green circle)
This is second to the entry at the aqua circle
We sell when Ethereum enters the overbought zone in the red
This leaves the price at around ~8000USD
Similarities can also be seen on the MACD, with two peaks