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Ethmerge

#Ethereum #ETH Weak Structure Crypto markets are now mostly futures market. Saw mode is on. Everybody expect big move by the #ethereummerge but I say: BEWARE. Why? #ETH shows weak structure. Twice shoulder head shoulder pattern is on the play.I highlighted them with orange circles. May be there will be a last fake pump to bait common investors but the structure is clearly bearish. ETH will likely test critical supports and resistance. The resistance zone is the purple box, if a fake pump occurs ETH will surely test this zone. I highlighted the most important supports on the chart. ETH made retests recent days and took support in Jan 2021 from the blue line. The black line is ETH' s long term trend support. If ETH looses both supports, then we may more likely to see new lows. This is the strategy to avoid losses. We' re not in bull season, Crypto and stocks are correcting, nearly everything is correcting against US #dollar .And I think Elliott' s 5th wave of correction is on the play. We are more likely to see new lows in 7 months. Technical, primary and astro analyses show this period of time. The corrective mode will be on. Techically Elliott' s corrective wave is on the play and not invalidated. World is swimming in recession,energy crisis,cold and hot wars, pandemic etc. Mars will be in Gemini till end of march 2023.The first invalidation is: If ETH crosses 2000 #USDT and have few weekly closings on it. Then we may speak bullish scenarios. But now it' s time watch.
BITSTAMP:ETHUSD
by naphyse
2
Ethereum Ahead of merge pt.2So the corrective move I illustrated last week is still fairly in play. Now I can imagine these 2 PA to happen next, and as I mentioned I'll be waiting for a considerably nice reaction from my AOV to get into a long setup while having in mind that as we get closer to the merge, the news outcoming from the event will exaggerate any move in the charts. In my opinion, depending on how the merge will take place, it will have a big impact on Ethereum's "perception of value". Thus we shall expect some serious volatility for sure. regardless of the fundamentals, here's what I see as technically possible for Ethereum in the coming days. I'll post an update next Sunday! Cheers.
FTX:ETHPERP
by gotwhatneeded
ETH 2.0 Merge, what should we do?Ethereum is still becoming the hottest topic right now as it will be in a merge for ETH 2.0 in the next one month as we know that this topic can be a nice confluence reason for ETH to potentially has one more push to the upside as the action to represent the people's FOMO. Based on this technical perspective, we see such a strong resistance is now being tested by the price around $2000 region. This area is the area of alignment between 3 factors those are : 1. The psychological number of $2000 and people will consider this area as a selling point, that's why we will see further consolidation. 2. .382 Fibonacci level on current structure (potentially become a correction structure of the higher cycle's bearish impulsive wave). 3. This area is also the area of previous broken support which is now acting as a resistance. Although the price is now trending right around the strong resistance level, still the key factor is the money inflow. If you see our previous analysis about market cap and the bitcoin, there is huge possibility we will see big amount of money inflow in the market and for sure, Ethereum will be the gem for the investors to take their money because of the recent topic of ETH 2.0 merge. Our mid term target is to test the area of golden pocket zone around $2500 which is in alignment with this yellow resistance trend line.
Long
by julio24albert
#ETH the Dominant network post 2I previously mentioned Eth was going to emerge as the Most dominant #Crypto network not just in use case, utility but also price performance and ultimately flip #Bitcoin. Unfortunately we didn't have an opportunity to buy at those super cheap rices of $500-700 And now it seems the market has recognised that too, pushing the prices over $1600 in not time at all Almost a double off it's low of around $880 I say keep on keeping on if you are long #ETH already and there is good chance in August we may well be over $2000 even at target 2 of $2500
COINBASE:ETHUSDLong
by BallaJi
2