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Ethereumusd

ETHUSD Reaching Higher LOWS - Verge of BREAKOUTIn the last two days, ETHUSD has made significant higher lows to reach over 600$ which is a very refreshing time for ETH HODLers and Traders. While comparing to the BITBAY:BTCUSD reaching it's All time high, ETH still has a long way to go to break it's ATH from 2-3 yearsa ago. We had a similar breakout on Nov 18th-19th after a good consolidation. Currently the charts indicate a converging candle stick chart as the range reduces into a squeeze.
KRAKEN:ETHUSDLong
by jashjacob
Ethereum is breaking out the midterm resistanceHey friends hope you are well and welcome the new update on Ethereum (ETH) coin. The priceline is being consolidated at $350 support level. The next supports are at $325, $280 and the next resistance levels are at $400 and then $800. On long term there is no significant resistance between $400 and $800. Therefore incase of breaking out $400 resistance the priceline can move at $800 very soon. On daily chart priceline has broken down 25 and 50 simple moving averages and now retesting the 100 SMA support 1st time after May 2020, and likely to have nice bounce from here. On daily chart from 13 Aug the price action of Ethereum is moving in a down channel. At the moment the candlesticks are trying to breakout the resistance of the channel in the meanwhile the priceline of second largest cryptocurrency is also breaking out the exponential moving averages with the time period of 10 and 21. After September 2020 the price action has found a very strong resistance on small time period 4 hour chart. The Ethereum’s price action has been rejected several times by this rejection line. Now finally the priceline is breaking out this strong resistance line. After this break out the price action can easily breakout the resistance of the down channel on daily chart. The priceline of ETH is still moving above the ichimoku cloud and the ichimoku cloud is still bullish. Conclusion: On 4-hour chart the priceline is breaking out the midterm resistance line. If this resistance will be broken out then we can expect the breakout from the down channel on the daily chart as well. However as stop loss we can use the support of the channel to minimize the risk factor.
COINBASE:ETHUSDLong
by moon333
1
ETH/USD: Long Term Bullish Setup for EthereumIf you like this analysis, please make sure to like the post! I would also appreciate it if you could leave a comment below with some original insight. Analysis - In my previous Bitcoin analysis, I've mentioned the importance of securing the 10.5k support - As we play by levels, today's break and close above the regional resistance provides a bullish signal for altcoins as well - In the case of Ethereum, we can see that prices are currently testing the long term support - Below current support levels marked by green, Ethereum has been consolidating for almost two years, leading up to the recent breakout - However, as Bitcoin corrected severely from 12k levels to 9k levels, Ethereum has formed a pullback as well, retesting support - The Relative Strength Index (RSI) continues to create higher lows as a sign of strength in the bullish trend - While the Moving Average Convergence Divergence (MACD) is about to form a death cross, confirmation is required, as the moving average could bounce. - Within the smaller Fibonacci retracment, prices are currently trading between the 0.236 resistance and 0.382 support - After a breakout of $400 levels, we could play by levels once again on the long term, based on the Fibonacci retracment price targets. Conclusion While Ethereum is at a nebulous zone between support and resistance, Bitcoin's breakout today has confirmed a bullish case for the cryptocurrency market, providing more confidence in a long term position for Ethereum. While risk still exists, the upside potential for Ethereum on the long term remains extremely huge.
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COINBASE:ETHUSDLong
by Michael_Wang_Official
10
Will Ethereum Hold These Supports???Expected up channel has been invalidated: In my previous article I were expecting that the second-largest cryptocurrency will hold the support above the trendline that was started on 19th July 2020 on the daily chart. The price action also found resistance above this support, therefore I was expecting that a perfect up channel will be formed from this point. But unfortunately Ethereum followed the bearish move of the Bitcoin and broke down the support of this expected up-channel. I have also play the volume indicator on this chart that is showing a lot of sell volume has entered in the market. The price action rejected by next resistance level: Now if we switch to the 4 day chart then different support and resistance levels can be seen. As in my previous article I told you if the price action will breakout the $500 resistance level then there is no significant resistance between the $500 to $800.Therefore after breaking out this resistance level we can expect a very rapid move up to $800 resistance. But unfortunately the price action went very close to the $500 resistance and moved down. Now it has even broken down the $400 support. At this time it is re-testing the previous supports of $350 and $325 at the same time. The priceline may re-test the SMAs as support before the next rally: Now I would like to show you the different simple moving averages with the time period of 25, 50, 100 and 200 on the daily chart. At the moment priceline of Ethereum coin has broken down the 25 simple moving average and the 50 SMA and it is above the supports of 100 and 200 simple moving averages. Now we can expect if the price action won’t bounce from the 100 simple moving average then it can move down to the next support of 200 simple moving average that is at $244 at the time of writing. And if we switch to the long term weekly chart then there is another possibility that the price action will retest the 200 simple moving average before the next rally to the upside. We can also see that the 25 simple moving average is continuously moving up to form a bull cross with 200 simple moving average. And for the people who don't know I would like to tell them that whenever the smaller time period moving average crosses up the bigger time period moving average that is considered as a strong buying signal and a rally to the upside can be started. After 25 SMA, the 50 simple moving average is also moving towards 200 SMA and when the 50 simple moving average will cross up the 200 simple moving average that will be a real golden cross and a strong bullish signal on the long term. The priceline may not re-test the bearish cloud: Now if we place the Ichimoku on the same long-term weekly chart then we have already seen that the price action has broken out the bearish cloud and the Ichimoku cloud has given strong bullish signals. Now the price line is moving down towards the bearish cloud. But I am not expecting as that much powerful bearish rally that it will re-test the cloud as support, because we have the strong supports of the simple moving averages on the daily and the weekly chart as discussed above. Therefore there is a strong possibility that priceline will start the next rally to the upside without touching this cloud. Conclusion: We have witnessed several correction rallies on the daily chart while the bullish move of Ethereum. But correction on the long-term chart was still due that is happening at the moment. Therefore this correction was required for the next move to the upside once this correction will be ended then we can expect a powerful bullish rally.
COINBASE:ETHUSD
by moon333
1
ETH Market Dominance at 2020 HighEther’s market cap’s share of the broader digital asset market hit a 2020 high over 14% Wednesday. Although dipping a bit Thursday, the last time ether’s share was at these levels was back in August 2018. “A large number of useful projects on the Ethereum blockchain contribute to ether dominance growth,” said Azamat Malaev, co-founder of HodlTree, a decentralized lending protocol. However, scaling is an issue that could cause ether’s share to wane, Malaev added. “To maintain this trend, Ethereum urgently need to scale the network - for ordinary users, transactions are already very expensive”
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CRYPTOCAP:ETH.DLong
by danielcawrey
12