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Ethereumusd

Ethereum price potential to $3,000 becomes apparent Ethereum holds firmly onto support at the 50 SMA on the 4-hour chart. ETH begins the uptrend afresh, targeting levels above $1,500. A possible double-top pattern could jeopardize the rally to $3,000 and perhaps lead to more losses. Ethereum has been adamant to follow in Bitcoin’s footsteps over the last couple of weeks. The flagship altcoin executed its own rally even after BTC ran out of steam. The rise to a new all-time high was particularly encouraging to the investors, whose confidence in recovery to levels around $3,000 has increased greatly. Ethereum seeks higher support before resuming the rally The recent spike from the support slightly above $1,100 elevated Ethereum to highs around $1,481 (on Coinbase). It was clear that buyers eyed an upswing past $1,500 but Ether lost momentum, leading to a reversal. The 50 Simple Moving Average on the 4-hour chart has provided support for Ethereum at $1,300. ETH is trading at $1,365 as bulls push for a return to price levels beyond $1,400. The Moving Average Convergence Divergence or MACD suggests that Ethereum is gradually falling back into the hands of the bulls, evidenced by the move into the positive territory. Trading above $1,400 will add credibility to the expected move past $1,500. Moreover, a move of this magnitude could trigger the fear of missing out (FOMO) as investors rush to take advantage of another rally targeting $3,000. According to the Chief Technology Officer at Bitfinex, Paolo Ardoino: "The Ethereum price has pierced another all-time high. The potential of ether is becoming more and more apparent as it demonstrates a formidable capacity to support many projects. Ethereum is a key platform for building blockchain projects and is an integral part of launching decentralized applications. With DeFi protocols exceeding $19B in TVL and showing no signs of decelerating, we may see the price of ether grow alongside its use." Looking at the other side of the fence It is worth noting that Ethereum may slow down the uptrend if the double-top pattern on the 4-hour chart confirms. This will likely increase the selling pressure in the market, hence delaying the breakout. Moreover, losses may come into play that may retest support at the 50 SMA, 100 SMA, and 200 SMA.
COINBASE:ETHUSDLong
by CoinGape
1
ETH - 1hr Head and Shoulders Pattern Keep an eye on the developing Head and Shoulders pattern on the 1hr chart for Ethereum, a break below $1,215 USD would signal a potential move to around $1,150 USD, whilst this pattern has little to no bearing on the overall trend of ETH, i understand that there are those who wish to trade all available setups. Notice the lower readings on the MACD, hinting that momentum may be waning on this most recent move higher, only time will tell. -TradingEdge
KRAKEN:ETHUSDShort
by Profit_Link
6
LTCBTC can reach the ATH nowCritical resistance: In the US Dollar market, the price action of Ethereum is crossing a critical resistance zone. This area starts from $1200 and ends up to $1600. 25 SMA broken out: Now if we switch to the Ethereum with Bitcoin pair chart. Then on the weekly time frame, the price action has broken out the 25 simple moving average and moving to the upside to 200 simple moving average. Once the 200 SMA will be broken out then a very powerful bull run can be started. This move can be the same as in the US Dollar market when the price action broke out 25, 50, 100 and, 200 simple moving averages and the smallest time period moving average moved above all and the biggest time period MA moved below all. Then the priceline of Ethereum reached very close to all-time high price. Conclusion: The priceline of Ethereum has achieved another milestone by crossing up the 25 simple moving average with Bitcoin pair weekly chart. If the 200 SMA will be broken out then it can reach the all-time highest price in the Bitcoin market as well.
Long
by moon333
ETH completing another setup to turn more bullish in long termThe importance of SMA 7 and 25: The previous rally of 2017 ended when on the weekly chart, the simple moving average 7 crossed down the SMA 25. This time sofar the price action is retesting, again and again, the SMA 7 and did not break down it sofar. Critical resistance and Cup & Handle Formation: On the long-term weekly chart, the price action is in a critical resistance zone which starts from $1200 and ends at $1600. Here the price action has found the resistance of Cup and Handle pattern at $1200. And retraced almost up to 0.382 Fibonacci level to complete the handle of Cup. Attempting breakout resistance in the Bitcoin market: On the Ethereum with Bitcoin pair’s weekly chart, the price action of Ethereum has formed a strong uptrend line support. And now trying to break out the 25 simple moving average resistance. Conclusion: If the price action will break out the 25 simple moving average resistance in the Bitcoin market. Then it can turn more bullish against Bitcoin and a very strong bull run can be seen in the US Dollar market as well. For harmonic trading signals join: www.patreon.com
KRAKEN:ETHUSDLong
by moon333
Ethereum price meets imminent barrier above $1,200 Ethereum recovers tremendously following a recent breakdown to $900, prices rise above $1,200. ETH/USD is dancing in the confines of a rising wedge pattern; a correction seems imminent in the near-term. Ethereum has recovered considerably after falling to $900 earlier in the week. The price action was lock-step at first, mostly due to the resistance at $1,100. However, Ether managed to overcome the hurdle, leaving an open-air for exploration. On hitting levels above $1,200, ETH’s uptrend appears to be grinding to a halt and might give way to a pullback if a chart pattern is confirmed. Ethereum draws closer to a rising wedge pattern breakdown The largest altcoin is also trading at the apex of an ascending wedge pattern, suggesting that a reversal is in the offing. The bearish outlook forms when an asset's price ascends with pivot highs and lows while converging at a single point referred to as the apex. A breakdown usually occurs before the trendlines converge. The typical breakdown is mostly confirmed by decreasing volume (highlighting a divergence between volume and price). Breakdowns are generally fast and drastic, thus need to be spotted precisely for them to be profitable. Similarly, if Ethereum fails to hold above $1,200 losses might still come into the picture. Additionally, the 50 Simple Moving Average on the 4-hour chart must be defended at all costs to ensure that massive declines are kept at bay. Nonetheless, it is worth noting that Ethereum will sustain the ongoing momentum if support above $1,200 is kept intact. The wedge pattern also needs to be ignored mainly by bulls focusing on the next crucial hurdle at $1,300. Price action beyond this level could see ETH/USD rally to $1,400. Ethereum intraday levels Spot rate: $1,225 Relative change: -6 Percentage change: -0.5% Trend: Bullish Volatility: Low
COINBASE:ETHUSDShort
by CoinGape
4
ETH price TARGET revision + where to GET INEthereum is going down like crazy. Yeah, it was overbought, and yes, the previous rise was massive, but I understand that many buyers just wanted to be IN. So if you bought it higher, and now you need to dilute your position, I can show you some levels to enter into ETH. Despite this massive fall, we are still bullish, but... It does not mean that we can't go lower. If you are prepared to BUY, save some cash for lover levels. Here you have levels for LONG positions: $939 $905 $853 $831 $805
KRAKEN:ETHUSDLong
by TROPICAL_MAREK