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Ethereumusd

ETH plunges toward 1,400 as crypto market generally bleeds Ethereum hit a wall slightly above $1,700, opening Pandora’s box for losses under $1,600. The least resistance path is downwards based on the MACD. Ethereum abandoned the mission to lift to $2,000, slightly above $1,700. Losses came into the picture with Ether falling below several key support levels, such as $1,650 and $1,600. At the time of writing, Ethereum is trading at $1,570 amid the bearish call to dip further. The entire cryptocurrency market is in the red, led by Bitcoin’s dip to $52,000. If Ethereum does not find support at $1,500, we can anticipate another dip toward $1,400 or the descending channel’s lower boundary support as illustrated on the 4-hour chart. Meanwhile, Ethereum’s downtrend has been validated by the Moving Average Convergence Divergence (MACD). The indicator is used in technical analysis to show positions to buy the dip and sell the top. When the MACD line (blue) crosses beneath the signal line, traders are advised to sell. On the other hand, it is a call to buy when the MACD line crosses above the signal line. The indicator also shows the general trend in the market. At the time of writing, the least resistance path is downwards. The same bearish outlook has been validated by a death cross pattern on the 4-hour chart. This pattern comes into the picture when a short term moving average crosses under a long term moving average. For instance, the 50 Simple Moving Average (SMA) recently crossed below the 100 SMA, implying that the trend had flipped bearish. Ethereum will resume the uptrend if it holds above $1,600. A move such as this will show the investors that recovery is possible. Gains toward $1,700 will come into the picture as buyers join the market from the sidelines. Ethereum intraday levels Spot rate: $1,570 Relative change: -8 Percentage change: -4% Trend: Bearish Volatility: High
COINBASE:ETHUSDShort
by CoinGape
1
Ethereum Forecast - $1440 or $1000? Bearish momentum has tartedHello Guys, Scenario 1 I see two possibly scenario as bearish momentum is starting. The most possible and probable scenario is that ETH will retest the $1440-$1400 zone. This is a very strong support here, previously the price dumped back from this zone. It was the 2017-2018 ATH of the ethereum at the time. This year the price has struggles 4-5 times to brouk up this zone. After that when the price returnt down to this level this became a highly respected support zone. Additionally this zone overlap the the 1D 100 moving avarega which is not on the picture, but if you set it up, you will see. Conseqvently this is a very very powerful support. That's why my personal opinion is the price will go up from that area. I see arounf 70% possibility for it. This might be a good Buy Entry for everyone who missed it till now. Scenario 2 I think this scenario is less likely, but also possible. I think there is a 30% possibility for it, which is more than enough. In this case the prace my hesitate at the $1440-$1400 area, but will break it down towards $1100-$1000. This is also a very very powerful support. I can't see lower price this year for ether. The $1100 - $1000 area overlaps the 1D 200 moving avarega area which is also a very very strong support. Additionaly this zone was support twice in January for Ethereum. Furthermore there is forming a strong bullish XABCD pattern if we reach this level. This could mean a very good buying opportunity. This is my personal opionion, not a trading advice. Anyway if anyone missed the Ethereum, this bearish momentum could be perfect timing. Leave your tought in the comment section to see what is your opinion and the likely scenario Regards, CryptoMex
BITSTAMP:ETHUSDShort
by CryptoMexMCO
6
ETHUSDT may be about to show its hand... and it's bullish...ETH has been a test of patience lately and has been in this sideways price action since 08-MAR. We did see a test of key level (1,930) but nothing came out of it but more sideways. However, something tells me we may be about to see another test of 1,930 soon, especially if we see a break above current price levels. Note that many traders are probably looking at current price structure as bearish (resembling a H&S pattern) and sellers could be jumping in, anticipating a move lower. If you're a bull like I am, you'll see these as potential trapped bears... Place your bets, folks!
Long
by thedailychartist
ETH breakdown intensifies as cryptocurrencies bleed Ethereum tumbles below the ascending channel as losses to $1,400 linger. The downtrend is validated from a short-term technical perspective based on the MACD. Support above the 200 SMA and a move past the 50 SMA would lead to gains targeting $2,000. The cryptocurrency market is swimming in in red waters following the bearish wave on Monday. Ethereum dropped from highs above $1,900 to seek support at $1,700. The declines are believed to have come into the picture following the report regarding banning digital assets in India. Despite the massive drop, Ethereum has weathered down the losses much better than Bitcoin, which drop from highs above $60,000 to levels around $54,000. At the time of writing, Ether is trading at $1,740. The immediate downside is protected by the 200 Simple Moving Average (SMA) on the 4-hour chart. Further down, the 100 SMA is in line to provide support. If these two anchors fail to hold, investors can expect ETH to drop to $1,400. Meanwhile, the Moving Average Convergence Divergence (MACD) validates the downtrend with its negative gradient. The MACD line (blue) already crossed under the signal line, signifying the increase in selling pressure. More losses will come into play if the MACD dives into the negative region. The least resistance path is downwards amid a rise in volume. Therefore higher support is the only way to secure Ethereum for a recovery. Otherwise, the drop to $1,700 is quite conservative, keeping in mind the recent rising wedge pattern with a target at $1,300. It is worth noting that support at the 200 SMA will return market stability. A stable market will allow bulls to focus on recovery. Settling above the 50 SMA at $1,800 would give way to gains eyeing $2,000. Ethereum intraday levels Spot rate: $1,745 Trend: Bearish Relative change: -55 Percentage change: -3%
COINBASE:ETHUSDLong
by CoinGape
eth pushing above the 0.7 FIB levelIf we see a daily candle close above current levels which will be above the 0.7 FIB level i believe we will see a strong push to the ATH/ FIB level of 1. Our Macd is looking very bullish and is showing no signs of slowing down, aswell we are seeing good support from our ichimoku cloud continuing to print green support clouds. I think if we do see a push to the ATH we may encounter some heavy resistance and could reject us the first try, but ultimately i see us breaking this level in the coming week and then continue on the push higher creating more support and new ATHS! Not financial advice just my opinion.
BITSTAMP:ETHUSDLong
by JacobR905
ETH 2 more FIB Levels till ATHETH has been performing amazing and with a recent golden cross on the MACD i think we are bound to push for that ATH and eventually a new one! we have 2 more overhead FIB levels we need to break before we achieve a new ATH, the upcoming 0.7 FIB where we were recently rejected and the ATH FIB of 1. the ichimoku cloud has been bringing us big support and looks like we could start to see the form of another big green cloud. Overall long term very bullish on ETH, also EIP 1559 upgrade expected to go live in July or August could have us see even more upside . NFA just my opinion.
BITSTAMP:ETHUSDLong
by JacobR905
ETH-BTC Indicator Analysis - BullishA bullish case for ETH-BTC Similarities in price action can be seen within the boxes This is better shown on the log trend indicator The 200MA is extremely flat, suggesting that it may rise rather than fall Also the Ichimoku indicator shows that price has broken above the cloud, now the cloud will act as support for price rather than resistance, such as it did in the previous scenario (first box) Attaching some other ETH-BTC ideas I am long Ethereum..
Long
by Bixley
ETH looking for that move upETH looks good we have broken through the 0.3 FIB we will just need to close out the daily candle above this FIB level, then i think we will see some upside, also the Stoch RSI has came out of the oversold area and looks like its coming back up. We will want to see a MACD crossover to bring the Blue line ontop of the orange, which it looks like we could see that soon. Next target level to break if everything keeps going the way it is, is the 0.5 FIB level. Not financial advice just my personal opinion.
BITSTAMP:ETHUSDLong
by JacobR905