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ETHEREUM UPDATE !!Hello friends, welcome to this Ethereum update from Crypto Sanders. Chart Analysis:- Ethereum (ETH) continued to trend higher on Friday, breaking out of a key resistance level in the process. ETH/USD peaked at 1,687.28 earlier in today’s session, which comes a day after trading at a low of 1,620.68. This surge has resulted in ethereum climbing over a long-held ceiling at $1,670, hitting a one-month high in the process. The latest uptrend coincided with the relative strength index moving beyond a ceiling of its own at 57.00. It is now tracking at 58.61. Bulls will likely remain unsatisfied until they take ethereum back above 1,700, which hasn’t happened since the end of August. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
Can ETH Bounce From Here? Note the update !!Hello friends, welcome to this ETHEREUM update from Crypto Sanders. Chart Analysis:- Ethereum (ETH) peaked at a one-week high earlier in the day, as the price remained above a key level of resistance. After trading at a low of 1,585.37 on Wednesday, ETH/USD raced to an intraday peak at 1,635.46 during today’s session. ethereum hit its highest point since September 20, when the price reached a high of 1,649. This surge comes as the RSI continued to track above a ceiling at the 48.00 mark. The 10-day (red) moving average also now appears to be nearing its 25-day (blue) counterpart, which is another sign of pending bullish sentiment. An upward crossover will likely result in ethereum moving above 1,700. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Consider following me for the latest updates and long/short calls on almost every exchange. I also post short mid and long-term trade setups. Thank you.
Long
by CryptoSanders9563
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) also rose higher on Tuesday, after dropping to a key support point to start the week. Following a low of 1,565.03 on Monday, ethereum rallied to an intraday high of 1,598.10 less than 24 hours later ETH bulls rejected a breakout below a floor at 1,565, but they also used this as a point of reentry, buying the dip in price. the surge came as the floor of the RSI also held firm, acting as a springboard for traders. ETH continues to hover below the 1,600 level, however, this could change following this afternoon’s consumer confidence report. 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
Ethereum / US Dollars (ETHUSDT) Short Selling with DCA 19/09/23Technical Analysis: In this analysis, I adopt an all-encompassing approach that melds Fibonacci retracement and extension levels with Fibonacci Projection, confluence analysis, and the MACD indicator, with a distinct short sell bias for the 4 Hour Time frame as requested on the assignment, dated on 15/09/2023, 12:55 pm on LinkedIn message section. Additionally, I'll introduce a strategic Dollar-Cost Averaging (DCA) strategy with two scale-in levels. Please refer to the chart for a comprehensive visual analysis: please zoom out the chart for better comprehension. Key Technical Observations: Fibonacci Levels: My analysis meticulously places Fibonacci retracement and extension and projection levels on the chart, highlighting potential resistance zones and solidifying the short sell bias. MACD Divergence: Vigilance for MACD divergence patterns remains paramount. (Bearish Divergence) accompanied with (Hidden Bearish Divergence) bolsters the short sell bias. Strategic Entry Points: I identify key entry points for initiating short positions, at $1642 Spot Price at the time of publication capitalizing on price movements in harmony with the overall bias. DXY is very much bullish which is an other sign that the Total Crypto Market cap may fall and ultimately BTC will dip to the lower prices the above analysis can show the possibilities of DXY rally Technical Conditions: Take-Profit Levels (TPs): To maximize potential gains from the short sell bias, consider the following TP levels: 1st TP: $1570 2nd TP: $1440 3rd TP: $1260 Dollar-Cost Averaging (DCA): I advocate a DCA strategy for scaling into short positions. Start with a partial position at the initial entry point and progressively adding to the short position at the following DCA scale-in levels: Scale-In Level 1: DCA Price Level 1: $1735 Scale-In Level 2: DCA Price Level 2: $1830 Stop Loss: Prudent risk management includes placing a stop loss at $1945 which is above the 78.6% level of the minor reverse Fibonacci Retracement level, to safeguard against unexpected price reversals. Trading Scenario: Short Sell Bias: Given the confluence of Fibonacci resistance, a bearish and a hidden MACD divergence, and strategic entry points, my analysis strongly favors a short sell bias. Adaptability: Stay adaptable to market conditions, prepared to adjust your strategy in response to any unexpected developments. This analysis is grounded in historical data, technical indicators, and a clear bearish bias, complemented by a DCA strategy with two scale-in levels. As with any trading strategy, it's essential to conduct thorough research, adhere to your trading plan, and continuously refine your approach as we navigate the dynamic cryptocurrency markets. I eagerly await your insights and engaging discussions about this analysis, as we explore opportunities in bullish market scenarios!
Short
by BitonGroup
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) neared a drop below a key price level in today’s session, hitting a one-week low in the process. ETH/USD slipped to an intraday low of 1,606.18 earlier in the day, following Wednesday’s peak at 1,639.35. Thursday’s decline pushed ethereum to its weakest point since September 13, which was the last time price was below 1,600. Since failing to break out of a ceiling at 49.00, the RSI has moved closer into oversold territory and now tracks at 41.52. Bears seem to be looking to land at a point of support at 35.00, which could lead ETH to hit the 1,575 floor. Bulls are possibly still waiting in the wings, as the 10-day (red) and 25-day (blue) moving averages have still not crossed. 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 8HOUR UPDATE BY CRYPTOSANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) also slipped lower during today’s session, which can also be attributed to traders opting to secure gains. Following a high of 1,669.02 on Tuesday, ETH/USD dropped to a low of 1,621.36 earlier in the day. the world’s second-largest cryptocurrency fell close to a support point of 1,620. Price has since rebounded, with ethereum trading at 1,631 at the time of writing, owing to bulls choosing to reject a breakout. An earlier failed breakout attempt seems to be the reason for the decline, with the RSI unable to rise above a ceiling of 49.00. Price strength now sits at 45.72, with a floor of 40.00 as a possible target for short sellers. 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 4HOUR UPDATE BY CRYPTOSANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- ETH successfully retested above the descending triangle with a decent volume and it also breakout the Ichimoku cloud. Currently, it is retesting above the Ichimoku cloud and an effective retest would confirm the continuation of the bullish move. 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
2
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) also moved higher to start the week, as traders rejected a breakout below the 1,600 point. Following a low of 1,609.96 on Sunday, ETH/USD rose to an intraday high of 1,653.07 earlier in the day. This has resulted in ethereum surging to its highest point in the past ten days, closing in on a recent resistance of 1,660 in the process. Although price strength in ETH has also surpassed an obstacle of its own, it is on the cusp of colliding with another at the 50.00 mark. The index currently sits at a reading of 49.61. It is likely that a breakout above this mark could lead ETH back above 1,700. 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
by CryptoSanders9563
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) rose for the fourth consecutive session as the cryptocurrency remained above the 1,620 support level. ETH/USD reached a peak of 1,640.52 on Friday, just 24 hours after the price hit a low of 1,618.73. The above highs took the world's second-largest cryptocurrency to its strongest level in seven days. Earlier gains have faded somewhat, as traders failed to break the key resistance level of 47.00 on the RSI indicator. The index is now at a reading of 44.41, with a support point of 40.00 as a potential target. Sentiment looks bullish, as the upside potential between the 10-day (red) moving average and its 25-day (blue) counterpart remains high. 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 CRYPTOSANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Additionally, ethereum (ETH) was also in the green on Thursday, as price rose above a recent support point. ETH/USD reached a high of 1,635.82 earlier in today’s session, less than 24 hours after trading at a low of 1,593.11. The move resulted in the world’s second-largest cryptocurrency climbing above a key price floor at 1,620. today’s rally coincided with the RSI moving past a ceiling of its own at the 40.00 mark, and it now sits at 44.00. This latest rebound has increased the possibility of an upward cross, and should this happen, ETH will be trending closer to 1,700. 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 CRYPTOSANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) moved away from Tuesday’s six-month low, climbing back above 1,600 in the process. ETH/USD peaked at 1,616.54 in today’s session, following a bottom at 1,582.22 less than 24 hours before. As a result of the rebound in price, the RSI has now moved out of oversold territory and is hovering below a key ceiling. Currently, the aforementioned resistance sits at 40.00, with price strength currently residing at 39.40. Should this zone be broken, then there will likely be a push above the 1,620 support point. 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
Ethereum to continue in the selloff?Ethereum - 24h expiry - We look to Sell a break of 1578 (stop at 1610) The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. There is no clear indication that the downward move is coming to an end. A break of the recent low at 1579 should result in a further move lower. Daily signals are bearish. Our short term bias remains negative. Our profit targets will be 1498 and 1478 Resistance: 1617 / 1630 / 1657 Support: 1579 / 1555 / 1530 Please be advised that the in formation presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
VANTAGE:ETHUSDShort
by VantageMarkets
1
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) has also experienced a high level of volatility in the past 24 hours, falling to a multi-month low in the process. ETH/USD dived to a low of 1,533.43 during yesterday’s session, before rebounding, and is currently trading at 1,619.11. As a result of Monday’s drop, ethereum fell to its lowest level since March 12, when price was under 1,500. today’s rally saw the RSI move away from the oversold zone, and it is now at a reading of 41.52. This is marginally above a ceiling of 41.00, with a level of 50.00 the apparent target for short-term bulls. 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 CRYPTOSANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) edged lower to start the week, with price falling below the $1,600 level on Monday. After peaking at 1,627.67 on Sunday, ETH/USD raced to an intraday low of 1,581.79 during today’s session. This resulted in the world’s second-largest cryptocurrency falling to its lowest level since August 22. The decline arrives as a breakout occurred on a price floor of 1,620, with bears rushing into the market as a result. Price strength is now oversold, and is tracking at 31.27, with the next support point at the 28.00 zone. 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
4
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum’s price has been in a low volatility period, booking a modest loss of 1.7% this week. With the price under the key resistance at $1,660, the bulls appear unable to take ETH higher at this time. The current support levels are found at $1,550 and $1,440, with the latter having the most confidence to stop sellers should they increase their pressure at these levels. Ethereum remains in a downtrend with momentum favoring the sell side. A test of the key support at $1,440 appears likely in the next few weeks if nothing changes especially if Bitcoin breaks below $25k. 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) also edged higher during Friday’s session, with bulls pushing the price closer to the 1,700 level. After trading at a low of 1,617.80 on Thursday, ETH/USD rallied to an intraday high of 1,657.30 earlier in the day. gains have since faded, with the world’s second-largest cryptocurrency now trading at 1,626.05. A failed move beyond a resistance zone of 40.00 seems to be one reason for the reversal, with the RSI now tracking at 37.41. Should momentum continue to slip, a floor of 35.00 could provide a stable base, and if this fails, ETH could slip under 1,600. 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
5
ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) tracked close to a support point of 1,630 for a fourth straight session, as traders continued to fight to secure market momentum. Following a low of 1,611.15 on Wednesday, ETH/USD spiked to a peak of 1,656.93 earlier in the day. Price has since slipped, with the world’s second-largest cryptocurrency now trading around the 1,626.20 level. The decline came as the 14-day relative strength index (RSI) hovered near a floor of its own at 36.00. the index is now tracking at 36.30, with a move lower likely to trigger an increase in bearish pressure. A move below 1,600 remains a real possibility for the coming days. 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 CRYPTOSANDERS !hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) remained close to the 1,630 level during today’s session, despite attempts by bears to force a breakout below 1,600. ETH/USD has climbed away from an earlier low of 1,610.14 on Wednesday, with the price going on to peak at 1,635.29. the 10-day (red) and 25-day (blue) moving averages seem set for an imminent upwards cross, however price has yet to react to the prospect. Ethereum’s price strength now sits at a reading of 36.80, marginally above a floor of 36.00, however, a ceiling of 44.00 is likely the real target for traders. Should a reversal happen in the coming days, a move to this point of resistance will be enough to send ETH past 1,700. 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
1
ETH/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- 4-hour timeframe, it becomes evident that the downward trajectory was momentarily halted when Ethereum reached the substantial 1.6K support region. This indecision led to a brief consolidation phase marked by low volatility. However, the price experienced a sudden surge (the Grayscale pump), marked by the emergence of a substantial green candle. However, buying pressure weakened as the price ascended and approached the critical 61.8% Fibonacci retracement level, prompting a reversal. Consequently, the price embarked on another impulsive retracement, driving it back towards the 1.6K range. Furthermore, Ethereum has formed a bearish continuation flag pattern, and it is currently attempting to breach the lower boundary of this pattern. Because the 1.6K threshold holds significant psychological importance, if sellers successfully push the price below this critical level, the market could potentially witness another quick and steep plummet toward lower price thresholds. 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