ETH Lifetime Analysis - One More Drop Then New All-Time Highs?Ethereum is comfortably above its bear run low of around $850, but are we going to new all-time highs in the short term?
I doubt it .
Reviewing the lifetime charts for Ethereum and Bitcoin, they both made contact with their lifetime support before hitting new all-time highs. As we can see on this chart, Lifetime Support is at $700, we're a good distance from that price. I believe Bitcoin will suffer the same fate and fall to $20,000 or so before it sees new all-time highs.
Ethereum has another support zone around $850, where the last bear run ended. I expect the price to fall at least to $850, maybe $700 before we see the next bull run. ETH will likely follow Bitcoins lead into 2024 after the Bitcoin halving, and we will at least see the next bull run if not new all-time highs.
Key Points
1. ETH has not touched Lifetime Support
2. Gap to close to Previous Support
3. Lifetime support around $700
4. RSI near Lifetime Support
5. Look for one more pullback before the bull run.
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Why ETH offer double return over BTC in the last year? I hope you're doing great! I wanted to share some exciting news with you about the performance of Ethereum (ETH) over the last year.
As you may know, Bitcoin (BTC) has been the talk of the town for quite some time now. However, ETH has been silently outperforming BTC over the last year. ETH has grown over 5.7% in value in the previous 12 months, while BTC has last only 6.06%. That's right, and ETH has nearly doubled the growth of BTC!
This clearly indicates that ETH is becoming a more valuable and reliable investment option. And with the recent upgrades to the Ethereum network and the growing popularity of decentralized finance (DeFi), the future looks even brighter for ETH.
So, if you're looking to invest in a cryptocurrency with a higher potential for growth and stability, I highly recommend investing more in ETH over BTC. Don't miss out on this opportunity to join the ETH revolution!
Thank you for your time and consideration. Happy trading!
ETH Long 888->3888 MONTHLY ANALYSIS Adv. PA BackedWe had the exact down move shown to us months earlier (DONE MOVE : ORANGE) and gave us the exact low to the dollar (888), now we have an awaited up move which is also available on monthly charts since months ago, this is also backed by advanced price action, go gear up guys, we will see 3888 (MaxUp 4020), For ETH by FEB 2023 (Max May2023).
Study this one
Orange are clones
All Move lines are clones : Colour Coded
ETH Bullish Triple Bottom o I'm just dreaming? Opinions, please!I sincerely wish for a bullish future for ETH, so this makes me wonder if my brain is playing tricks o I see a Bullish triple bottom forming up.
*Strong support level at 38% FIB
BLUE ARROW = BULLISH TRIPLE BOTTOM = Happiness for those with long positions.
RED ARROW MEANS = I have no clue what will happen so, be alert.
Happy trading for everyone.
Ps. I would much appreciate opinions on this idea to grow together, Thanks.
Ethereum Update 25/10/21: 44% from the 161.80% fibs @ $5,974Ethereum is currently only 22% away from the price target at the 127.20% fibs @ $5,068 and 44% from the 161.80% fibs @ $5,974...$6k ETH very soon 🎯🔥🚀, Since the buy signal triggered, Ethereum has grown over 30% retesting the ATH on the 21st October @ $4356. From this move ETH has retraced 5% and looks like it is ready for another retest and soon $5,068🎯
Our current ETH price targets from the current price:
127.20% fibs @ $5,068 (22% Gain)
161.80% fibs @ $5,974 (44% Gain)
261.80% fibs @ $8,592 (108% Gain)
423.60% fibs @ $12,828 (210% Gain)
Please see previous analysis below. Happy Trading :)
Update 14/10/21:Ethereum poised for a parabolic run Target @ $5k. A strong Buy signal was triggered on the Daily Chart (10/10/21) with the 13 EMA crossing up above the 50 SMA . We have been very patient with this move as a fake-out looked likely to form, from the current price level ETH is showing a clear breakout above the 78.60% Fibs, currently Ethereum is only 15% away from the ATH price in May @ $4361. This move to the 161.80% looks like it will be a very impulsive wave and may play out in 2 push phases. From the current price ETH is 42% away from the ATH , since the buy signal triggered ETH has grown over 18%+.
ETH/USDT parallel channelBINANCE:ETHUSDT
ETH must move above 1.272 to continue its trend
Hit and hit the roof of the canal and make a pullback on it
The previous ceiling is a good option for entry and if from
Breaking the midline can be a correction to the bottom of the channel
And then it continues to climb again