Ethereum you are diehard. Folks,
ETH.. is doing it's thing..
I have so much confidence in Ethereum for the future that I am going to re write my strategy for the long run..
I am going to look more in to trades with the ETH pairs.. Because my believe in the ETH I want to gain more ETH..
You will see me more posting in the future on ETH and the ETH pairs... Also with the Bitcoin pairs..
As many of the USDT pairs are running most of the BTC + ETH pairs are accumulating strength to start running in the near future..
What is your strategy???
Ethereumusd
Ethereum SHORT introducing USD smart contracts blockchainEthereum failed to recover above the $3,120 pivot zone against the US Dollar. ETH price is declining and it could extend its losses below $2,950.
Ethereum struggled to recover above the $3,120 and $3,125 resistance levels.
The price is now trading below $3,080 and the 100 hourly simple moving average.
There is a major bearish trend line forming with resistance near $3,150 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could accelerate lower if there is a close below the $2,950 low.
Ethereum Price Remains At Risk
Ethereum started an upside correction from the $2,950 low, similar to bitcoin. ETH price surpassed the $3,000 and $3,050 resistance levels.
There was a break above the 23.6% Fib retracement level of the key drop from the $3,280 swing high to $2,950 low. Ether even spiked above the $3,100 level, but there was no upside continuation above the $3,120 resistance level (the last key breakdown zone).The price also remained well below $3,150 and the 100 hourly simple moving average. It seems like ether was rejected near the 50% Fib retracement level of the key drop from the $3,280 swing high to $2,950 low. There is also a major bearish trend line forming with resistance near $3,150 on the hourly chart of ETH/USD. It is now moving lower and trading below the $3,000 support. On the upside, an initial resistance is near the $3,025 level.
The first key resistance is now forming near the $3,080 level. The main resistance is still near the $3,120 level. A clear break and close above the $3,120 zone might start a fresh increase. In the stated scenario, the price might recover towards the $3,200 resistance. If ethereum fails to continue higher above the $3,080 and $3,120 resistance levels, it could extend its decline. An immediate support on the downside is near the $2,950 level. A downside break below the $2,950 support zone could spark a sharp decline in the near term. The next major support could be $2,880, below which the bears might aim a test of the $2,600 support zone.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is now gaining pace in the bearish zone.
Hourly RSI – The RSI for ETH/USD is now below the 40 level.
Major Support Level – $2,950
Major Resistance Level – $3,120
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ETH Falls Back On The Drawing Board, Can $3,000 Hold?
Ethereum price gradually loses ground to $3,000 as the MACD flashes a sell signal.
The SuperTrend indicator spots a bearish signal, adding credence to the pessimistic outlook.
Firm support at $3,000 will avert the potential losses to $2,800, thus allowing another recovery attempt to $4,000.
Ethereum price continues to lose more ground mid through the week’s trading. Earlier, the gigantic smart contract token had made haste above $3,300, but a barrier at $3,350 curtailed bullish efforts. Realize that Ether must bring down the stubborn seller congestion at $3,400 to have a fighting chance for gains heading to $4,000.
Meanwhile, ETH is trading at $3,025 after resting support at $3,000. Holding this support could eventually nullify the calls for declines to $2,800 and perhaps resume the uptrend.
Ethereum Price Deals With Rising Overhead Pressure
According to the daily chart, the Moving Average Convergence Divergence (MACD) has a bearish outlook, adding weight to the anticipated losses below $3,000. On Tuesday, the sell signal occurred as the 12-day Exponential Moving Average (SMA) crossed below the 26-EMA.
Ethereum will keep dropping as long as the MACD closes the gap back to the mean line. Traders can also watch out for increasing divergence between the EMAs, which will signify rising overhead pressure.
The Relative Strength Index (RSI) shows that bears are in the cockpit, and its movement under the midline would accentuate their grip on Ethereum.
Simultaneously, the SuperTrend indicator recently added credence to the bearish narrative, calling to sell ETH. This technical tool tracks Ethereum’s price like a moving average. However, it incorporates the average true range (ATR) in its calculations, thus gauging volatility. In turn, either a buy or sell signal is sent to help traders decide on entry and exit positions.
A sell signal occurs when the indicator the SuperTrend closes the day below the price and manifests with the color changing from green to red. If the technical picture stays unchanged, investors can expect another drop in Ethereum price, perhaps $2,800. Note that the 100 SMA provides Ether with immediate support on the four-hour chart.
Ethereum Intraday Levels
Spot rate: $3,025
Trend: Bearish
Volatility: Low
Support: $3,000 and $2,800
Resistance: $3,200 and $3,400
Update: ETHUSD Swing Currently 53%, 9% Gain to Target 🎯 Update: ETHUSD Swing Opportunity Currently 53%, 9% Gain to Target 🎯 @ $3,617. See previous analysis below. Happy Trading :)
Update 10/08/2021: ETHUSD Currently 6% In Profit 12% Target 🎯 Now 44% in profit from the 13 EMA 50 SMA crossover. Next target @ $3617 and new ATH @ 4804 before October.
ETH LONG TERM PATIENCE SETUP This ETHEREUM setup will be long term with a lot of patience because of the lots of liquidity zones before it continues it's move.
As the dollar starts to gain more momentum, ETHEREUM crypto market will have more of sellers/smart money move.
At this point we may also not hold ETHUSD for so long not until the trend is broken and retested, we won't hold ETH until price breaks the trend.
not until price breaks the uptrend, buyers are still very much in the market
Fingers crossed 🤞, let's see how this analysis Goes!
Ethereum sell a break setup.Ethereum - Intraday - We look to Sell a break of 3038 (stop at 3131)
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
Further downside is expected, however, due to the strong support below we prefer to sell a break of 3050, which will confirm the bearish sentiment.
Short term bullish momentum has stalled.
A lower correction is expected.
The medium term bias remains bullish.
Our profit targets will be 2777 and 2717
Resistance: 3200 / 3300 / 3400
Support: 3050 / 2950 / 2900
Why Log charts can be helpful in the crypto marketAs you can see, previous peaks almost disappear and become irrelevant as each new bull move occurs
Log charts provide a more detailed perspective of price action
Its crazy to think ENJIN could be $140, if that $140 price was hit, would tower over the current peak which is already massive
$ETH - Complacency Shoulder or 10K?$ETH - argueably the strongest asset on the crypto market rn, just look at the amount of up candles on the daily with virtually no pullbacks
But, now we are coming into the OTE of the huge downmove
The downmove which never actually broke weekly structure to the downside, only the daily
Thus we can look for shorts within these Daily Bearish Order Blocks, which is overlapped by a 3D OB
I will not be blindly shorting though as the asset is so bullish into the sell area
Any triggers though and I think we could swing down to the MO and D OB that overlaps it depending on how BTC plays out
If we get though the first D OB, I wouldn't be too surprised and a long of the retest into new ATH's could really be the play
ETH 2.0 coming on smoke
Ethereum buy a break setup.Ethereum - Intraday - We look to Buy a break of 3202 (stop at 3118)
The previous swing high is located at 3190.
We are trading at overbought extremes.
There is no indication that the rally is coming to an end.
A break of bespoke resistance at 3200, and the move higher is already underway.
Our profit targets will be 3448 and 3498
Resistance: 3200 / 3400 / 3500
Support: 3050 / 2950 / 2800
Ethereum Head and Shoulders Potential Short!Ethereum is potentially forming a head and shoulders pattern. The neckline is at 2660, so if price breaks below this level with strong volume, I will consider taking a short. The technical price target is at 2555. If price doesn't break below 2660, then I wont be taking a short.
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Ethereum is very close to a resistance level, don't miss it ❗❗❗Ethereum has been rising for about 2 weeks now, rising almost 60% from its low. But there was no correction or consolidation during the rise, the market cannot grow forever, it needs to gain strength to grow higher.
Ethereum is now moving along the trend line. The market situation is uncertain.
Let's look at two possible scenarios:
a) The price breaks its trend line and goes to the area marked below.
b) The second scenario is that the price rises to resistance squeezes near resistance, breaks through, and goes up.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
ETHEREUM: bulls forwardTechnical analysis of Etherum
As part of the steep rally from the central support zone at USD 1,700 / USD 1,730, Ethereum (ETHUSD) was able to overcome the several-week downtrend line and then the horizontal resistance zone at USD 2,410. This means that the price targets we had set in the event that the USD 2,050 mark was exceeded have not only been achieved, but have already been exceeded. The sustained overcoming of USD 2,410 led to a further brightening of the technical starting position. The price is currently in a relevant resistance zone in consolidation mode below the last marked 8-week high at USD 2,699.
In consolidation mode
In view of the overbought technical market indicators, the breather could extend in terms of time and price. Below the previous consolidation lows of $ 2,507, we would consider at least a test of the $ 2,410-2,464 zone likely. Below that, there would be short-term downside risks towards USD 2,317 and USD 2,108-2,151. Only below the latter support region would our preferred scenario of further rising prices be called into question. It would ultimately be negated with a slide below USD 1,997.
Where is the journey going?
The central resistance zone at USD 2,847-3,000 is currently acting as a possible target price on the upside. Pricing confirmations for an advance on this hurdle would be in a rise over the next barriers at USD 2,641, USD 2,666 and USD 2,699. From an opportunity-risk perspective, however, we prefer new investments into price weaknesses.
Note:
Despite careful analysis, Global Investa accepts no liability for the content, topicality, correctness or completeness of the information provided. The information provided does not constitute investment advice, purchase recommendations or investment brokerage.
MA"s Time Spent 'Open"In this comparison we have GOOGL and ETHUSD
I like to call MA's open when the three (50,100,200) are spread and free to move upwards
We can see GOOGL has been 'open' (in its most bullish state) for 10.5 years
Correlating this with price, it is obvious that this is the most bullish progression of price
We can also see ETHUSD has only been open for 154 days .
This is the first time in ETH's history that the MA's have been in this state
I expect bullish results, very bullish results
Ethereum Price Leaps To $2,600 Ahead Of The London Hard Fork
Ethereum price gains traction during the weekend, trading above $2,600.
The much-awaited Ethereum London hard fork upgrade is expected to kick off on August 4.
Ethereum must settle above $2,600 to avert a potential retreat to $2,400.
Ethereum price gained abandoned the bearish calls to $2,000 late last week and posted incredible gains over the weekend. The pioneer smart contract token had initially been capped under $2,400. However, its downside had also been protected by an ascending channel’s lower boundary. This line of support put Ethereum in the trajectory for gains above $2,400.
The bullish leg extended above $2,600 and briefly touched $2,700 on some exchanges like Coinbase. A minor correction came into play with Ethereum slicing under the ascending channel’s middle boundary.
At the time of writing, Ether is trading at $2,560 amid a renewed effort by the bulls to fight for another take on the seller congestion at $2,600 and $2,700.
Ethereum Price Upswing to $3,000 Seems Imminent
It is the bulls’ priority to establish higher support for Ethereum as soon as possible. Perhaps holding above $2,500 will keep the focus on $2,600 and $2,700, respectively. Note that another break past $2,600 may trigger more buy orders as Ethereum soars to $2,700 before making hast toward $3,000.
From a fundamental perspective, Ethereum is at an optimum point to rally. Investor sentiment keeps improving ahead of the Ethereum London hard fork. This key upgrade encompasses the EIP-1559, a proposal that will see network gas fees significantly brought down. In a way, the prevailing exploitative gas fees have made Ether less competitive. However, with the barrier out of the way, Ethereum can rise to higher levels.
On the flip side, holding above $2,500 is crucial for continuing the uptrend to $3,000. However, if broken, bears will gain momentum and push the price to $$2,400. Massive losses will be triggered if sellers surmount the bulls’ at this level. Other support areas to keep in mind include $2,200 and $2,000.
Ethereum Intraday Price Levels
Spot rate: $2,560
Trend: Bullish
Volatility: High
Support: $2,500, 2,400
Resistance: $2,600 and $2,800
Ethereum - BIG players make traps, but we know what to do. 🤯Ethereum rose 40% from its bottom in just one week.
The price broke the local top at $2,400, but it was a false break, after which the price corrected by 11%. The trendline formation is now clearly visible on the chart, Ethereum is approaching the local top again, at the same time we see traps, we can assume that the big players are trying to take out the sellers before going down.
If Ethereum makes a quick jump up, renews the local high, an additional good signal would be increased volume and then a false breakout, this would be a good selling opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Ethereum buy the break of $2400Ethereum - Intraday - We look to Buy a break of 2412 (stop at 2346)
Pivot resistance is at 2410.
A break of bespoke resistance at 2400, and the move higher is already underway.
Prices have reacted from 1717.
Posted a Double Bottom formation.
Short term momentum is bullish.
Our profit targets will be 2596 and 2686
Resistance: 2400 / 2500 / 2600
Support: 2300 / 2250 / 2200