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Ethforecast

Trend Ethereum Is Getting Weaker Ethereum's uptrend is weakening. This is not unexpected given that we are already at a key point in the cycles of both Ethereum and Bitcoin. The previous two tops were discovered after 58 and 43 days, respectively, while Ethereum's local top was discovered after 61 days. Not only do we notice a daily cycle pattern, but Ethereum has also found resistance at the first critical point of 1700 USD. As the trend weakens, we're seeing a lower high. Why is the trend weakening? This is represented not just in the rsi, but also in our indicator Fetch Trends, which utilizes the rsi to calculate its colors. On top of that, our other indicator "moving average sequential strat" is firing off a sell signal, giving me us plenty of reasons to think the local top for Ethereum is either close or in.
COINBASE:ETHUSDShort
by FetchTeam
ETH - Tighten your belts! Reversal incoming!Hello dear Investors, Traders and of course Beez! Quick TA update on ETHUSDT coming up right away. Make sure to take notes and comment below if you are having any question! So stay tuned! First things first, as we can clearly observe, today price rejected at the Ultimate Resistance - 4hr Bearish Orderblock area around 1670$ and as we forecasted on previous post on ETH, that could possibly be the peak of the relief rally, indicating us, reversal. Technicals that are being utilized in this chart analysis for us, to determine the next moves of ETH are the following: Volume RSI MACD So without more noise, lets cut to the chase: When it comes to Volume in correlation to price activity, we observe that, price is keep rising while volume steadily decreases, indicating us Bearish Divergence. Moreover, MACD waves seems weaker, compare that, to strongest price buying power Last but not least, RSI is in the overbought area and has formed Bearish Divergence, as it recedes while price keep rising! Consequently, we can clearly see that this relief rally is more likely a liquidity grab in order to create a lower low, rather than a healthy recovery! After all, what burst up, without consolidation, it has to go down eventually! IMPORTANT: This is strictly a Technical Analysis and Fundamentals CAN affect our Analysis! DISCLAIMER: This analysis is not intended to encourage any buying or selling activity of any particular securities. In addition, it should not be considered as ground for taking any trade action. Hence, your own diligence is highly recommended before entering any trade. If you liked the idea, make sure to support with a like, follow and a comment! Best Regards, CryptoQueens.
Short
by Crypto_Queens_Official
22
ETH Technical analysis & Next moves 1st Quarter!Greetings and Happy new Year fellow Investors Traders and ofcourse beez! In our today's post we will analyze ETH next moves in the upcoming months (Q1), taking into account all technical factors that may affect the price behavior and consequently price volatility . As we can observe on the chart, there are 3 possible scenarios that might play out based on our analysis. Since Mid-July, there is a HUGE Bullish Orderblock, around the area 1090$ - 1035$. As long as we stay above these levels, everything looks positive and we are safe and sound. IMPORTANT: Keep in mind though, Orderblocks tend to act as a magnet, therefore, sooner or later we WILL visit this area. In the case of breaching 1090$ support area, that holded well so far, we will test the lower threshold level of OB at 1030$, which is the least possible scenario (2) based on our plan. At the time of the writing, after price tested the upper OB, that was created on 20th of December, it acted as a resistance, and bulls took over. It is also important to mention that, price and volume has been forming a bullish divergence, indicating us a buy signal and that Scenario 1 and 3 are more likely to occur. At this point it is important to mention, that based on the price behavior the last months, there has been a huge liquidity area (FVG), that hasn't been explored since then, and MUST be, the one way or the another. Consequently, after today's leg up and after being rejected of the nearest support zone, we strongly believe, that the next moves involve, bullish action. SCENARIO 1: Indicates, retest of the lower level of the Fair Value Gap, having our TPs at the level of 1340$, that acted as resistance. and then sharply correct to the lowest Resistance area, at 1080$-1100$. SCENARIO 3(HOT): After retesting the lower level of the local FVG, break through, and close the Gap, leading us to the ultimate Resistance area indicating on the chart, at the area of 1660$. Make no mistake though, market sentiment is still bearish, and according to this plan, price eventually, WILL test the lower levels around 1080$. Consequently, after analyzing all 3 possible scenarios, and taking under consideration that the correlation between price and volume, we undoubtedly suggest that a good Long entry price is: Entry Price: 1230 - 1250 TP1: 1340$ (Liquidity Pool) TP2: 1425$ (Mid-range of FVG) TP3: 1660$ (Ultimate Resistance Area - Reversal point) SL: 1180$ IMPORTANT: This is strictly a Technical Analysis and Fundamentals CAN affect our Analysis! Not a Financial Advise! Trade with Caution! Best Regards, CryptoQueens
Long
by Crypto_Queens_Official
17
Ethereum breakout soonEthereum is creating a textbook wedge pattern, indicating a breakout soon. The only question remains, to which side? In my experience, these types of patterns are bad in prediction the direction of the next move. The way I use them is to guess on when the next move may occur. And as far as i'm conserned, we're nearing the end of this pattern, indicating we can expect something to happen this month. Now to give an indication for a direction: my bias is actually to the upside. We'll get a confirmation when the price is able to break the resistance zone. If we see a rejection, then the price is more likely to break bearish. Fetch Trends indicator may also flip to an uptrend by tomorrow, giving a higher probabilty the price will breakout to the upside. If you turn on the Fetch Trends indicator, and turn on the moving averages in the settings, then you're able to see that we may flip bullish tomorrow. You're able to find the indicator here .
COINBASE:ETHUSDLong
by FetchTeam
1
ETH/USD Critical Breakout Level of 3 Year Structure!Hello Traders, Haven't made a post in a year since I called the top of the last bull-run (you can see it in the linked ideas). This post is an alert to anyone watching the macro of crypto. A confluence area of .786 Fibonacci retrace, 2018/2019 all-time high, a year old supply line breakout, and 3 year old support line is where the asset is currently priced. As of yesterday, we have broken the supply line to the upside. Now, to me, this does not mean buy immediately, but it does mean we need to monitor the price action for the next month or so. Any confirmation of a breakout whether that be a backtest or a pump may indicate that the bottom is in. Price target for next ETH bull-run is $7,000 - $12,000+. Don't believe me? That's okay, who buys crypto going into a telegraphed recession anyways? This post is for clout so I can flex on my friends two years down the line at the top of the bull cycle 😁 All the best, dysonring2050
KRAKEN:ETHUSDLong
by dysonring2050
ETH/USDT 4 HOUR UPDATEHello, welcome to this ETH/USDT chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-ETH continues the sideways movement. The market is loading for a big impulsive move. The trading range major support is the $1160-$1170 area and major resistance is the $1230-$1240 area. Plan your trades accordingly. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
ETH/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ETH /USD 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- Ethereum (ETH) Another week has passed with little excitement for Ethereum investors as volatility was low – likely due to the Christmas holidays. However, ETH’s price did fall by 2% in the past seven days. This is a negligible move in the price, which still remains in a flat trend. This cryptocurrency remains stuck between the key support at $1,160 and the resistance at $1,240. This channel is intact for the second half of December, and it is unlikely to be broken with the New Year celebrations around the corner. Looking ahead, the volatility is more likely to return in January 2023. So long as the support levels above $1,000 hold, Ethereum has a chance to break away and attempt to make a higher high. The alternative would see it fall to a three-digit price. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
2
ETH/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ETH /USD 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Ethereum (ETH)also consolidated in today’s session, with bulls managing to keep prices above the $1,200 level. Following a low of $1,208.03 in Tuesday’s session, ETH/USD was marginally higher on Thursday, as it rose to a peak of $1,219.61. The move sees the world’s second-largest cryptocurrency continue to be a stone’s throw away from a ceiling at $1,230. Despite the prospect of higher highs, overall momentum seems relatively bearish, with the 10-day (red) moving average extending a crossover with its 25-day (blue) counterpart. As can be deduced from the chart, the RSI also looks set for a downtrend, as it failed to break out of its current ceiling at 47.00 In order for bullish sentiment to return, it is likely that a move beyond this resistance will need to take place. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
2