Further looking at ETHUSD and ETHBTCAnalysis for ETHUSD and ETHBTC
These are the daily charts
On the ETHUSD chart an expanding ascending wedge can be observed, this will likely continue, leading the price to mid 3,000's
This theory supported by the bullish state of ETHBTC with "open" moving averages (50 -> 100 -> 200) and a wide Gann range
Ethereum looks very strong, while Bitcoin looks rather weak at this current stage
I wonder how it will play out
This previous idea of mine shows ETHUSD breaking free of the two fib circles, allowing for a massive bullish range, further supporting the bullish theory of this post
I am long Ethereum
Ethereumusd
ETH.D To IncreaseEthereum dominance is looking to increase after hitting the bottom of the expanding wedge formation
We are looking for a right shoulder to form from this upward move, confirming the larger head and shoulders pattern within this wedge
Personally I think this will be the move to break this wedge formation, but if not the right shoulder will occur.
Included other chart patterns within this larger wedge, (falling wedge, symmetrical triangle)
I am long Ethereum
ETH tumbles to $2,000 as losses to $2,000 linger
Ethereum rejected at the 50 SMA on the four-hour chart.
Ether bulls battle to secure immediate support at $2,000, highlighted by the 100 SMA.
The least resistance path is south, but support at $2,000 may bring back market stability.
Ethereum bounced off support at $2,000 amid the weekend session declines. Bulls fought around the clock to reclaim most of the ground to $2,500, but the uptrend stalled under the 50 Simple Moving Average (SMA) on the four-hour chart. Recovery became a challenging task, allowing bears to swing into action.
Ethereum technical levels worsen
The four-hour chart suggests that the short-term technical levels have weakened in the last 24 hours. The Moving Average Convergence Divergence (MACD) indicator failed to secure the ground within the positive region. The slide into the negative territory is a massive bearish signal. The gravitational force is accentuated by the MACD line (blue) crossing under the signal line. As the signal line’s divergence widens, the bearish grip gets more vigorous.
In the meantime, Ethereum trades around $2,100 amid increasing overhead pressure due to the 100 SMA at $2,200. Losses to $2,000 beckon amid the bearish picture. The 200 SMA is in line to offer support; however, if lost, declines may extend to the next anchor zone at $1,800.
It is worth keeping in mind that if support at $2,000 holds, a rebound such as Sunday may occur. Reclaiming the ground above the 50 SMA could trigger massive buy orders as investors speculate the rise to $2,500.
Ethereum intraday levels
Spot rate: $2,095
Trend: Bearish
Volatility: High
Support: 200 SMA and $1,800
Resistance. The 100 SMA and 50 SMA on the four-hour chart
Ethereum Linear Regression DailyWith a strong R value of 0.85, this is a strong linear regression trend
I find 2200 a nice entry point, just above the middle of the regression trend (for traders)
Ethereum price looks very healthy, with a wick extending to the top of the Gaussian Channel
Weekly ETH looks just as good
Digital Diamonds !
ETH price cracks $2,500, shifts attention to $3,000
Ethereum is almost completing an ascending triangle target of $2,664.
The slightest resistance path remains north despite bearish advances.
Ethereum price is on a roll to new all-time highs following a recent break above an ascending triangle pattern. As discussed on Thursday, establishing support above $2,400 was key to securing the uptrend to $2,500. At the time of writing, Ethereum teeters at $2,505 after making a tremendous milestone.
The daily chart illustrates the formation of an ascending triangle. This pattern forms in an uptrend and tends to signify continuation. The triangle brings to light a consolidation period before a breakout comes to life.
Two trend lines create an ascending triangle, connecting a series of equal peaks and sequential higher lows. A breakout comes into the picture when the price slices through the x-axis. Note that triangles are known to have exact breakout targets measured from the lowest to highest points.
For instance, following Ethereum's break above the triangle, the uptrend has been moving toward the 34% target to $2,664. The primary goal at the moment is to secure higher support, preferably above $2,500. Support at this level would prove to the investors that the uptrend is intact and market stability has not been compromised. Besides, bulls will have the opportunity to focus not only on the triangle target but the rise to $3,000.
The Moving Average Convergence Divergence (MACD) indicator’s position affirms that the uptrend is intact. As the MACD moves higher within the positive region, the bullish grip strengthens.
On the flip side, closing the day under $2,500 may increase bearish pressure. Support at $2,400 might be tested, and if broken, Ether could spiral toward $2,000, marking the beginning of a significant correction.
Ethereum intraday levels
Spot rate: $2,500
Trend: Bullish
Volatility: Low
Support: $2,400 and $2,000
Resistance: $2,556
Ethereum $ETHUSD Long Term target PTs 2990-3740-4500-8000Ether and altcoins
Ether (ETH) trading around $2,334.94 as of 20:00 UTC (4 p.m. ET). Climbing 1.49% over the previous 24 hours.
Ether’s 24-hour range: $2,268.57-$2,399.61 (CoinDesk 20)
Ether trades between its 10-hour and 50-hour averages on the hourly chart, a sideways signal for market technicians.
Ether, along with many other alternative cryptocurrencies (“altcoins”), also logged more gains on Wednesday.
Besides ether, which is the No. 2 cryptocurrency by market capitalization, one of the most staggering growth spurts was seen with dogecoin (DOGE), the beloved meme cryptocurrency that was created back in 2013.
As a result, dogecoin now has a market capitalization of more than $16 billion, surpassing that of bitcoin cash (BCH) and chainlink (LINK), per Messari data.
Dogecoin’s sudden price surge also came with escalating trading activity: data from Coingecko also shows that dogecoin is the No. 5 most traded token of the day, only behind tether (USDT), bitcoin (BTC), ether (ETH), and xrp (XRP).
ETH reaching for new record highs above $3,000
Ethereum bulls' persistent push for new all-time highs yields after breaking $2,300.
Ether's path with the least hurdles is north, as confirmed by the MACD on the four-hour chart.
Closing the day above $2,300 could allow bulls to focus on $3,000.
Ethereum has been keen on joining the ongoing bull cycle. Initially, it was an uphill task to reclaim the ground above $2,000, but bulls never lost focus. Support at $2,200 confirmed the market stability, allowing buyers to glance at higher price levels. Meanwhile, ETH dodders at $2,320 amid the roll to another new record high.
Ethereum gains ground as $3,000 beckons
At the time of writing, the least resistance path is upward, as reinforced by the Moving Average Convergence Divergence (MACD). This indicator is nether exclusively bullish or bearish biased. However, it identifies positions where traders can buy the dip or sell the top. Moreover, the MACD foresees the asset's general trend and measures the momentum.
A MACD line (blue) crossing above the signal line implies that traders should be buying more or holding in anticipation of growth. On the other hand, crossing underneath the signal line hints at the trend flipping bearish.
In the meantime, the MACD emphasizes that Ethereum is comfortably in the bulls' hands. As the divergence from the signal line expands, the bullish momentum strengthens. Note that crossing above the $2,500 would be a significant milestone for Ethereum and may trigger massive buy orders toward $3,000.
Ethereum intraday levels
Spot rate: $2,333
Trend: Bullish
Volatility: Expanding
Support: $2,200 and $2,100 and $1,900
Resistance: Undetermined
ETHUSDT Resistance BreakoutETHUSDT (1H Chart) Technical Analysis Update
Resistance breakout
ETH/USDT currently trading at $2200
Buy-level: Above $$2205 (only buy if 1h candle closes above the resistance line)
Stop loss: Below $2140
Target 1: $2260
Target 2: $2300
Target 3: $2500
Max Leverage: 4X
ALWAYS KEEP STOP LOSS...
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ETH Buy a break setup.ETHUSDT - Intraday - We look to Buy a break of 2041.8 (stop at 1994.4)
The primary trend remains bullish.
Pivot resistance is at 2040.
A break of bespoke resistance at 2040, and the move higher is already underway.
20 4hour EMA is at 2032.
Expect trading to remain mixed and volatile.
Our profit targets will be 2178.4 and 2222.4
Resistance: 2040.0 / 2080.0 / 2150.0
Support: 1980.0 / 1930.0 / 1880.0
ETH bound for $2,500 despite the struggle sustaining uptrend
Ethereum holds at the key ascending parallel channel's middle boundary support.
Holding above the 50 SMA on the four-hour chart could validate the gains to a new record high.
Losing the immediate support at $2,000 could trigger losses toward $1,800.
Ethereum led other altcoins to stage a recovery this week. For the first time in history, the gigantic smart contract token hit highs of $2,146. However, a correction occurred almost immediately, with Ether plunging to $1,930. Intriguingly, buyers wasted no time and took the bull by the horns. The hiccup to $1,930 was quickly erased as ETH reclaimed the ground above $2,000.
At the time of writing, Ethereum is doddering at $2,075 amid the bulls' push to hit new record highs. The immediate downside is supported by the 50 Simple Moving Average (SMA) on the four-hour chart. Simultaneously, the downside is also protected by the ascending channel's middle boundary support.
Ethereum's uptrend might be gradual but appears to have been reinforced by the Moving Average Convergence Divergence (MACD) indicator. This technical indicator reveals when to long or short an asset. As the MACD line (blue) crosses above the signal line, it implies it is time to buy-in. On the flip side, investors are advised to sell when the MACD line slides under the signal line.
It is worth keeping in mind that failure to close the day above the 50 SMA may see overhead pressure rise. Moreover, a break below the channel's middle boundary and, by extension, the level at $2,000 would trigger massive sell orders, leaving Ethereum to tumble toward $1,800.
Ethereum intraday levels
Spot rate: $2,075
Trend: Bullish
Volatility: Low
Support: $50 SMA and $2,000
Resistance: $2,100 and $2,146
ETH confidently matches toward new record highs
Ethereum extends the journey above $2,000, eyeing another all-time high around $2,500.
The trend is in the bull's hands, especially with the MACD line crossing above the signal line.
Ethereum has been defying apparent gravitational force to post new all-time highs above $2,000. The flagship altcoin ignored a double-bottom pattern explored last week, paving the way for the majestic rise. Ether has brushed shoulders with $2,150 before retreating to test support at $2,000. At the time of writing, ETH has renewed the upswing and is moving forward in a bid to trade a new all-time high, preferably above $2,500.
In the meantime, Ether changes hands at $2,127 while bulls battle the resistance at the ascending parallel channel's middle boundary. A break above this level would bolster Ethereum significantly upward.
The bullish outlook has been validated by the Moving Average Convergence Divergence (MACD) indicator. This technical indicator follows the trend of an asset and measures its momentum. Traders utilize the MACD to spot prime positions to buy the dip and sell the top.
At the time of writing, the indicator has settled in the positive region. The MACD line (blue) is about to cross above the signal line. A move such as this would encourage bulls to come out the sidelines in anticipation of a breakout eyeing highs past $2,500.
Ethereum's uptrend seems strong enough to remain intact and hit a historical high. The gap made by the 50 Simple Moving Average (SMA) on the four-hour chart above the 100 SMA and the 200 SMA implies that the trend favors the bulls. Therefore, the least resistance path is upward.
Ethereum intraday levels
Spot rate: $2,130
Trend: Bullish
Volatility: High
Support: $2,000 and $1,800
Resistance: $2,200
💡Don't miss the great buy opportunity in ETHUSD Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (2000).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 53.
Take Profits:
TP1= @ 2080
TP2= @ 2145
TP3= @ 2199
TP4= @ 2270
TP5= @ 2340
SL= Break below S2
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💡Don't miss the great buy opportunity in ETHUSD Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (2000).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 2080
TP2= @ 2145
TP3= @ 2199
TP4= @ 2270
TP5= @ 2340
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️