Ethereum Price Analysis — April 18Ethereum has buckled under the prevailing bearish, as the second-largest cryptocurrency finally loses the $3,000 psychological mark on Monday. ETH tapped the $2,900 low, a new monthly low, in the Asian session on Monday, opening the door to a $2,750 potential slump.
Unless we see a return above the $3,000 mark in the near term, ETH could record a bearish continuation in the coming days. Following its current trajectory, we could see the price plummet as far as $2,700, where the base of the short-term channel resides.
Meanwhile, my resistance levels are $3,000, $3,100, and $3,200, and my support levels are $2,900, $2,800, and $2,750.
Total Market Capitalization: $1.82 trillion
Ethereum Market Capitalization: $351.4 billion
Ethereum Dominance: 19.2%
Market Rank: #2
Etherreum
BTCUSD Bybit Chart Analysis March 8
Hello,
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It’s BitcoinGuide.
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Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for March 8th .
Final closing on March 5 analysis,
It's a move afterwards.
Enter a long position from the bottom left.
*Liquidation of the sky blue target.
That's $2600 in revenue.
*Check the pink weekend gap difference.
*Afterwards,
At the sky blue support line,
You have reached the final target red resistance line.
Congratulations to all the profitable people.
Day candle chart.
At the bottom, MACD Golden Cross is waiting.
Red resistance line / light blue support line
Pay attention to the convergence section.
Weekend gap difference. Up to the section
I have been creating today's trading strategies.
It is a 30-minute chart, a long position strategy.
When viewed as a pattern or flow,
We believe it is difficult to see a downtrend.
Focused on the arrow path.
Centering on the green support line,
Refer to the purple over shuting section.
At your current location,
*Red arrow, when moving path,
long position strategy.
In the final high target, depending on the situation
It can rise to 56571-> 58416 dollars.
Using the trailing stop function.
Keep going on the trend,
or The extra long position re-entry seems to be advantageous.
Stop loss, until the break away from the green support line.
* When the sky blue finger moves,
Short -> Long switching strategy.
Difficulty is high, and it can shake a lot,
Because , For beginners, it is recommended to operate only the long position.
Stop loss , when the red support line is break away.
It is a spot exchange.
Red arrow on the path of movement,
Same in long position entry timing
Major altcoins.
It looks good in the order of Ethereum -> Bitcoin -> Ripple.
When the sky blue finger moves,
Other altcoins -> Major altcoins switching.
In the long position entry timing, see the game.
That’s it for today’s strategy.
I'll see you in the Nasdaq analysis in the afternoon.
Thank you.
Ethereum Price Forecast: Why ETH/USD Is Unstoppable Towards $200
Ethereum price faces rejection at $228, tumbles to seek support at $220.
ETH/USD is in grave danger of losses to $200 as long as it stays under the ascending channel support.
Ethereum price corrected below critical ascending channel support last week. This poked massive holes in the mission of pulling the price above $250. Instead, Ether continues with the exploration of lower levels under $220. Over the weekend, support was embraced at the 61.8% Fibonacci retracement level taken between the last drop from $290 to a swing low at $90.75.
The recovery that ensued following the drop made it above $225 but could clear the seller congestion at $228. Besides, the prevailing trend across the market has a bearish inclination that is favoring the sellers. ETH/USD has reverted back to $220 support. If this zone gives in to the selling pressure, the next rendezvous would be $215 (61.8% Fibo).
Read more: After Ethereum Fees, Stablecoins Shadows Bitcoin Transactions for the First Time
Unfortunately, sellers are unlikely to be satisfied with $215 as their main intent is to breakdown Ethereum to $200. They are supported by various indicators including the Moving Average Divergence Convergence (MACD) and the Relative Strength Index (RSI).
The MACD has crossed into the negative region in addition to a visible bearish divergence. If a recovery above the midline fails to occur in the near term, losses for the second-largest crypto are likely to surge. The RSI confirms the bearish picture with its downward slopping motion. Consolidation is possible if it holds above 40.
For now, buyers should continue playing defense tactics and ensure that the price does not drop under $220. If push comes to shove $215 should be the stopper for the sellers. Focus also needs to shift to $230 as it would help encourage more buyers to join the market.
Ethereum Key Intraday Levels
Spot rate: $221.64
Relative change: -2.74
Percentage change: -1.3%
Trend: Strongly bearish
Volatility: Expanding
There is a trading opportunity to buy in LSKETHTechnical analysis:
. LISK/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 49.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.010260 to 0.009400). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.010260)
Ending of entry zone (0.009400)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.011770
TP2= @ 0.012310
TP3= @ 0.013300
TP4= @ 0.014450
TP5= @ 0.015700
TP6= @ 0.018790
TP7= @ 0.025810
TP8= @ 0.030800
TP9= @ 0.037180
TP10= Free