ETHI think ETH should start heading back to $3400 soon. But still kinda risky. I took a long here during the blood bath. Daily must close strong and I will really feel more confident.
Ethlongsetup
ETH/USDT - market update 24.05Hello traders,
ETH corrected the whole upward movement, which started from the $2140 - $2488 zone.
Under sellers' pressure and a cascade of liquidations of margin positions, the price fell to the level of $1740, and then returned to the buyers' control zone of $2140 - $2488.
In the apparent trades profile, we see that the area of the highest interest is between $2488 - $3200, so we can assume that the upcoming trading activity will be concentrated in this area.
The buyers will meet the sellers on the downside correction: the first sellers' control zone is between $2800-3000, the second one is between $3200-$3590, where we can expect the sellers' reaction in each zone.
The closest Fibonacci Retracement levels are:
0,382 ($2742);
0,50 ($3056) ;
0.618 (3369)
The news background also disposes of the growth. For instance, Bloomberg said today that ETH is approaching a long-awaited fix that will reduce electricity consumption by more than 99%.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered a financial advice
ETH - Slowly turning BULLISHI think we are starting to form a strong support around 2100. I think ETH will be rangebound between 2100-2900 for a month or two before breaking out.
If ETH fails to hold 2100 then I will be super bearish.
ETH/USDT - optimistic 30% setupHello, Traders!
At the moment, ETH has corrected 50% of the upward movement and continues to be under selling pressure.
For some traders, the current correctional movement is accompanied by financial losses, while for others it opens new financial opportunities.
We may look for entry into purchases in the range of $2980 - $3020.
Stop-loss shall be set under the price value of $2740
Correction targets of the local downward movement will be the levels of
$3200
$3590
$3868
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
ETH next target according to an Ascending TriangleAs can be seen in the image below, the rising wedge target was achieved as I predicted before in the related idea (link provided below):
After meeting the target it is forming an ascending triangle with a target closer to 4230, let us see if this plays out or no!
Ascending Triangle are continuation patterns in the direction of the trend and the trend is upward, so the price is gonna go upward hopefully!
Disclaimer: Take actions at your own risk and with proper research! This is my way of observing price actions, not trade signals!
Thank You!
ETH/USDTETHUSDT
The roof over the atrium consists of
It is Fibonacci that if this is broken, the ETH will grow again
He continues to support himself for the fall after the defeat
You can get a pair of small shorts, but there is a risk
Ethereum Hits Record High and there's 3 reasons why Ethereum Hits New All Time High
Yesterday, Ethereum breached all time high at $3,400, pushing the second largest cryptocurrency's market cap to more than $320 billion with more than 300% rally this year. Leading crypto-commentator Mark Cuban compares today’s blockchain to “the early days of the Internet.”
In Singular’s view, ether’s price has broken out for a number of reasons, among them the following:
Strong and Rising Institutional Interest
This week, Canadian digital asset manager 3iQ Corp and investment firm CoinShares has launched four new Ether ETFs, now trading on the Toronto Stock Exchange (TSX). This allows institutions to easily trade and invest as demand for crypto exposure increases beyond bitcoin. Also, companies like European Investment Bank and Visa, which is backing Singular have validated Ethereum blockchain by announcing issuance and settlement use cases, respectively.
During the last two weeks Four Ether ETFs launched on the Toronto Stock Exchange, making it easy for institutions to gain access as demand for crypto exposure broadens beyond bitcoin. In addition, institutions and companies like the European Investment Bank and Visa have validated the Ethereum blockchain by announcing issuance and settlement use cases, respectively.
Strong On-Chain Signals:
Usage of the Ethereum network is increasing and, by some measures, outpacing that of Bitcoin, as shown below by the number of active wallets and total transaction fees. In our view, Decentralized Finance (DeFi) and Non-fungible tokens (NFTs), both of which are burgeoning, explain Ethereum’s recent breakout.
Imminent Protocol Upgrades:
Ethereum historically priced transaction fees using a simple auction mechanism, where users send transactions with bids ("gasprices") and miners choose transactions with the highest bids, and transactions that get included pay the bid that they specify. This leads to several large sources of inefficiency:
Slated to go live in July, Ethereum Improvement Proposal (EIP) 1559 will change Ethereum's transaction fee model significantly. Aiming to lower the volatility of Ethereum’s fees, EIP-1559 introduces a mechanism to burn some transaction fees, detracting from circulating supply and introducing deflation to the Ethereum ecosystem. The impact on ether’s price could be like that associated with a Bitcoin halving event.
Notable are the risks associated with these positive developments. DeFi applications frequently involve significant leverage which, given interoperability within the Ethereum blockchain, might compound the leverage associated with other products. In the event of a downward spiral in ether’s price, the losses associated with deleveraging could be significant.
Additionally, EIP-1559 could become a contentious upgrade, as miners will bear the brunt of fees burned. A miner revolt could impede the progress of the EIP-1559 upgrade.
ETH LongETHUSDT
The advance that ETH has made has been able to roof the canal that is analyzed
Break the previous ones and now is the time to pull the price and the price
The range I specified to hit can go to defeat Fibonacci
And after pullback on the level of 1.618 you can enter
ETH/USD - potential 21% setupHello, Traders!
After the correction of the current growth from $1545 the buyers took the initiative and are trying to pass the sellers' area of interest of $2020 - $2140
A similar situation was at the beginning of February before ETH entered a new price range and the growth cycle continued
We may search for an entrance in purchases in the range of $2085 - $2145.
Stop-loss can be placed under $1,950
Targets will be Fibonacci extension levels based on the trend
$2335
$2455
$2525
Good luck and watch out for the market
P.S. This analysis is created for educational purposes only and should not be considered as a financial advice
ETH/USD - market update - 51% movement can be expectedHello, Traders!
ETH corrected its upward movement by 61.8% (to 0.618 Fibonacci level).
At the moment, trades are restrained by the liquidity buffer of buyers in the range of $1540 - $1590.
Entry in the position can be sought in the range of $1540 - $1625
Stop Loss can be placed under the level of $1440
Berlin hard fork is announced on April 14.
This should have a positive effect on ETH price and market condition in general.
Target levels for buying are: $1740
$1850
$2020
$2346
Good luck and watch out for the market.
P.S. This is an educational chart that shouldn't be considered a financial advice
ETHUSD long signal support and resistanceNow we are in support zone 1768 - 1659$ we can here make some rotation
More stronger support zone are 1465 - 1300
Check my other ideas, and my profile Graf_Tom
Eth Long Setup With confirmationsEth long, Good Risk Reward and high chance of playing out when indicators setup in combination with this reversal pattern is looking good even for a possible long term position until XMas of 2022 when BTC Tops IMO
ETH/USDT - new targets after the correction cycleHello, Traders!
Having entered an uptrend, ETH has gone into a correction.
At the moment, trades are held in between $1,440 and $1,868, between the buyers' zone of interest at $1,302 to $1,440 and the sellers' zone of interest at $1,868 to $2020.
The situation on the world markets looks shaky, which provokes more and more traders to work from sales.
This situation was repeatedly played out by market makers during the bull rally. Thus, they pushed the price up and provoked the players to close the short positions at a loss, which in turn gave a new impetus for the price growth.
Based on this we can try to connect to the buy positions in the range of 1488-1578$.
The Stop Loss can be placed under the lower border of the buyers' area of interest - the level of 1302$.
The targets would be price levels of
$ 1670
$ 1868
$ 2018
Good luck and watch out for the market!
P.S. This analysis is created for educational purposes only - measure your risks, while trading crypto currencies
Buy/Sell Zones ETH/BTCI am targeting the highlighted zones (1/2) to buy more ETH in BTC pair. TPs are also given in the graph. Expected profit at least > %60
Ethereum channel entry levels LONGWe are going lower to the channel trend line. ETH has a healthy UPTREND, so I expect we should not step out of the channel.
ENTRY LEVELS LONG
$1820
$1750
$1689
$1520 STRONG BUY
$1475 STRONG BUY
ETH about to break out ! I spy, with my eye, an inverted head & shoulders pattern forming after a long consolidation which was punishing on leveraged longs! That being said, it looks like ETH is about to break out and head towards $2K. Be careful out there but I am going long and strong! :-)
ETH/USDT momentum hasn't dried up yet Hello, Traders!
ETH continues to move in an uptrend.
At the moment the price is locked between two zones of interest:
Buyers interest zone $1670-1710
&
Sellers interest zone $1800-1840
The buyers need to go to the market with purchases in order to continue the upward movement, otherwise, the price won't be able to hold its high.
We can join the buyers, opening a position in the range of $1715-1760.
Stop Loss shall be placed: at $1615.
The targets would be:
$2062
$2232
$2338
Good luck and watch out for the market!
P.S. This is not a piece of financial advice, but only a trade, I would be following myself
2 formations, target 1740Following 2 formations.
The first one is a reversal head and shoulders formation in 1h chart ( you can check in 1h chart, it's more clear). Shoulder target has reached and now target is 1504 which is head target.
After that It'll be a new high. Then we can continue cup and handle formation.
I think first we'll hit 1609 which is handle target, then a pull back, and finally we'll see cup target, which is 1740.
See you there!
ETHAUD: Buy Zones (MA/EMA)Buy zones for ETHAUD, Looking for Corrective wave into our ema21/ma50 , not shorting.
Ethereum on the Road to 2KOnce COINBASE:ETHUSDC breaks the first dotted line of resistance it's ETH 2K time.
