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Ethreum

ETH IS LIKELY TO DROP FURTHER LOW???Hello, Traders. I'd like to provide a quick update on Ethereum (ETH) in a 2-day timeframe. As we're well aware, the cryptocurrency market often takes cues from Bitcoin (BTC). Recently, when BTC experienced a sharp drop from FWB:29K to FWB:25K (a -13% decrease), Ethereum (ETH) and other major altcoins followed suit. ETH, for instance, went from $1808 to $1540 in a single day, marking a -14% decline. While ETH hasn't yet retraced to the $1800 range, it has found some stability around the $1600 mark. Now, if we take a step back and examine ETH on a longer 2-day chart, we can see that ETH is currently trading between support and resistance trendlines. According to this chart, for the pattern to be complete, ETH may need to reach the support zone. If this occurs, I anticipate ETH could potentially reach the $1300 range, which might be its bottom point. That's the latest update from us. Please feel free to share your thoughts in the comments. Wishing you favorable trading hours ahead. Best regards, Team Dexter
COINBASE:ETHUSDShort
by Dexter_The_Trader
4
Ethereum - in 3rd quarter - SHORTI use the wave structure and SMC method to make a judgment of ETH in the third quarter of 2023 as follows: Currently, I see that ETH price has moved from an Rally Phase to a Drop Phase and has retested the target price area with GAP at 20xx. In the 3rd quarter of 2023, the market does not have much good support news for Crypto, I am taking a short-term view for ETH possibly towards the target price area 172x-174x . the next price area is 165x . And the extreme value area is 1400 (in this case, BTC price can drop below 25k and on way to fill the GAP of CME's BTC1 Chart). To sum up, I am giving a view of ETH as going down sharply in the third quarter of 2023. This is my personal opinion and is based on my experience in trading with Smart Money Concepts trading strategy and wave structure. I look forward to receiving your comments with this idea of mine
Short
by khahan18
8
ETHBTC ❗Caution❗One more for today will be ETHBTC chart. The wedge is forming for a year now. Chances are, the next BTC move down, ETH and ALTS will go up and even make the breakout from this formation! ...However, I'm not too sure about this. Previous Trend support zone has been crushed fast enough and wasn't going to retest it back. Chances are still here, But... We have another, Bigger Trend line all the way from the Bottom (I hope it was one, cause if not, the blood will be all over the place) And I am guessing we will have another big fall is Sep/Oct and there may be the prices we're not gonna see in a while most probably. So, I suggest you to look closely, with caution, cause we're gonna see volatility in the next weeks. Be aware. Envision. 👁️ A.I.Vision
by A_I_Vision
1
#ETH - thoughts out loud №1Good evening from Ukraine! Dear colleagues, I am sincerely pleased to welcome you, thank you for reading my vision of the current situation. To put it briefly, we need to shake things up in order to continue moving upward. And no one is interested in this, because professional market operators do not even know about your existence. Thank you all for your attention, I wish you success. Sometimes you win /sometimes you learn . - thoughts out loud - thoughts out loud - thoughts out loud BINANCE:ETHUSDT
by WVitalievich
ETH/USDT multi time frame: up or down?In the weekly time frame, after falling to the sensitive level of $1000 , it has made its corrective move in a rising wedge pattern. As shown in the picture, this corrective movement was accompanied by a decrease in volume In the daily view, an uptrend has started and the important areas of support and resistance are clear on the chart All the current upward movement can be displayed in the form of a channel In the next image, as you can see, after an upward impulse wave, the price inside a downward channel has made its corrective movement and after hitting the main trendline, it has managed to exit the channel. The channel breaking target is specified 4H: Finally, I imagine two scenarios for ETH that I have specified in the picture. If the support level and the upward trend are maintained , I expect it to touch the $2060 level in the next step If the current support and the short-term trend line fail , the target will be the long-term trend line range and order block at the level of $1720-1730 Reading your comments makes me happy and motivates me to continue Thank you so much
by Dealerify_HUNTER
4
ETHUSDT → bermuda trianglehello guys... as you can see Ethereum breakout the descending channel as well, beside this in the upper time frame this coin shows us the bearish trend! the ascending trendline and the next level of the channel have made a triangle that I show it as a blue triangle and I believe this coin wanna touch it! ______________________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
Short
by melikatrader94
26
ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:-Ethereum (ETH) was also in the red during today’s session, as the price fell lower for a second consecutive day. Following a high of 1,869.74 on Wednesday, ETH/USD slipped to a bottom of 1,845.49 earlier in the day. Price slightly rebounded following the latest U.S. consumer price index, which marginally rose in July. The recent volatility in ethereum comes as the RSI was unable to break out of a ceiling at the 51.00 mark. Ethereum’s price strength is sitting at 49.12, with a price of 1,856.44. I have tried to bring the best possible outcome to this chart. 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 SANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) rose marginally after the Paypal news, with the price moving away from a recent support point. Following a low of 1,804.72 to start the week, ETH/USD jumped to an intraday high of 1,836.06 on Tuesday. Despite the slight rise in price, ethereum continues to trade below a recent resistance level of 1,850. A positive for bulls, however, comes as the 14-day relative strength index (RSI) broke out of its ceiling at the 43.00 mark. Currently, the index is tracking at a reading of 43.88, with the next resistance zone near the 50.00 point. In the event this target is reached, ETH will likely be back above 1,900. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) was once again trading below a key support level during today’s session, as the price fell for a third straight day. Following a high of 1,856.41 on Thursday, ETH/USD slipped to a bottom at the 1,828.88 mark earlier in the day. The decline saw ethereum drop below a support point at $1,850, with sellers once again attempting to take the price under $1,800. the RSI has also dipped, and fallen below a floor at the 45.00 level for the first time in over a month. Currently, the index is at a reading of 42.16, with overall sentiment mostly bearish. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563