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.
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Ethshort
#ETH - thoughts out loud №5Good evening from Ukraine!
Dear colleagues, I am glad to welcome you!
The current development of the situation indicates that in the absence of positive dynamics of movement from the current price, it may lead to a decrease in the price of the instrument (supply test).
However, it is worth considering that professional operators who create the market have their own plans that differ from the way the masses see the situation.
It will be great to take part in a rapid "unexpected" upward momentum in order not to let extra passengers into the market)
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
P.S.
...Think positive)
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- ethereum (ETH) also moved lower earlier in the day, dropping below a support point of 1,850 in the process.
ETH/USD bottomed out at 1,822.35 during today’s session, following Wednesday’s high at 1,860.19.
As a result of today’s decline, ethereum moved back towards a four-week low at 1,812.
The slippage took place after the RSI fell below a floor at the 45.00 level, and it is now at a reading of 41.93.
Should momentum continue to drop, the next price target will likely be the 1,795 level.
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
Ethereum presents a shorting opportunity- should you take it?ETH fell below the lows of a month-long range. The bullish breakout and the move to $2000 appeared to signal bullish intent but saw a wild bout of selling that dragged Ethereum back into the range. Could the same thing happen if ETH falls to $1800?
It was possible. However, based on the evidence at hand the more likely scenario was that ETH would continue to fall lower. It has bearish momentum and market structure. If the OBV can fall below the local support, it would be an early sign of buyer exhaustion.
Meanwhile, a move above $1880 would invalidate the short setup.
Entry: $1837 (retest of range low)
Stop-loss: $1880 (lower timeframe lower high during the recent drop)
Take-profit: $1770- $1750 (fair value gap and lower high from mid-June)
R:R- 1.56
Selling Ethereum at reverse trend line.Ethereum - 24h expiry - We look to Sell at 1888 (stop at 1928)
Reverse trend line resistance comes in at 1895.
Short term bias has turned negative.
The trend of higher intraday lows has also been broken.
Preferred trade is to sell into rallies.
Daily momentum has stalled and our bias is now neutral.
Our profit targets will be 1788 and 1768
Resistance: 1860 / 1880 / 1900
Support: 1834 / 1820 / 1800
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📈Ethereum prediction, 2K or 1.6K? 📉BINANCE:ETHUSDT
COINBASE:ETHUSD
Hello dear traders
Three drives pattern is either bullish or bearish. Since it is a reversal pattern when it fails, the three drives pattern indicates a strong continuation of the current trend.
Divergences are marked on the chart!
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1850: Buyers Struggle to Lift Price Amidst Intense Selling PressThe price has approached the support level at 1850 for the third time, which has been holding it from declining for the past month. Each rebound occurred with a significant increase in buyer activity in the order book (I would say aggressive growth) and a relative absence of sellers.
This price action indicates the presence of a strong selling pressure.
Likely, the buyer may attempt to lift the price from this level once again, but this time, they are unlikely to succeed.
ETH - Opened a scalp trade to exit the channel!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅
Opened ETH scalp for 10% of the deposit with a short stop-loss.
One of the on-chain indicators shows that the market maker has set strong resistance in the form of walls of orders in the current range. BUT! Bitcoin is still being held as it looks like we're on the verge of a $30,400 bounce again, so I suggest using as short a stop loss as possible and a small leverage of 2-3X on this trade.
Deal plan:
▪️Entrance - $1895
▪️Stop - $1950
▪️Take - $1825
It is very interesting how the market maker will act. ETH seems to be preparing a DUMP, and the bitcoin chart looks again at a rebound upwards. Maybe they just want to confuse and confuse us?
P.S: guys, I opened this deal with minimal risks, if you doubt whether you should enter or not, then it’s better to watch from the outside. It’s not entirely clear what will happen at the opening of next week, but my main plan is SHORT BTC 31250
Crypto Weather Report: ⛈️&☁️ - Will the ☀️ Return In One Week? Rain and clouds loom over the global crypto market in the next 24 hours ⛈️, with a downside risk on the horizon. But fret not! 🌟 After a rally fueled by a landmark US ruling, a trend reversal is expected.
The crypto summer will return in three days shining brighter than ever! 🌞 ATTMO's forecast predicts sun for Bitcoin, Ether, XRP, and Binance over the one-week horizon. 🚀 This signals a slightly bullish market with potential for upside gains.
Follow us for more crypto weather reports!
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) was another big mover, surging above 2,000 in today’s session, which came as a result of the Ripple news.
Following a low of 1,878.81 on Thursday, ETH/USD jumped to an intraday high of 2,026.20 earlier in the day.
the world’s second-largest cryptocurrency recorded its strongest level since April 19.
A downward crossover of moving averages also failed to materialize, with momentum now back in the hands of bulls. Ethereum’s RSI failed to break out of a ceiling at 65.00, with the index now at a reading of 63.02.
ethereum is trading at $1,933.
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
#ETH - thoughts out loud №3Good evening from Ukraine!
Dear colleagues, I am glad to welcome you!
I expect the price to rise to 2000, and then we'll see.
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
Ethereum: Daily AnalysisAt Time Daily Ethereum we are seeing a nice head and shoulders pattern forming. According to what we see now, we expect the price to move up to the resistance of 1923 and after hitting this level, it will return to the neck line (1825 support).
Resistances: 1923-2000
Support: 1790-1825
ETHUSD about to breakoutETHUSD looks pretty strong. However it's inside the formation.
If we get the breakout , we may see much higher prices soon
RSI shows that the trend is strong and it's far away of being overbought.
Enter the long position once the breakout occurs.
Moreover, to avoid trading the fakeout, look for the volume increase.
3 targets for longs are shown on the chart
Good luck
ETH/BUSD Short Trade - Potential Breakdown | Target $1680ETH/BUSD is currently experiencing a significant breakdown from its support trendline. A short trade opportunity can be considered at the current market price of $1798. The ascending chart pattern suggests a potential target around $1680. It is advisable to set a stop loss at $1882 to manage potential risks. #ETHBUSD #Cryptotrading
keep an eye on DXY as it sharply rises, surpassing a key resistance level at 104.
Negative Money Flow Index for ETH - Explore AlternativesI write to you with caution regarding Ethereum (ETH) and its current negative dropping Money Flow Index (MFI).
As many of you know, the MFI is a popular technical indicator used to measure the strength and direction of money flowing in and out of an asset. It provides insights into market sentiment and can help identify potential buying or selling opportunities. Unfortunately, the recent MFI trend for ETH has raised concerns and warrants our attention.
Over the past few weeks, ETH's MFI has shown a consistent negative drop, indicating a significant outflow of money from the asset. While market fluctuations are common in cryptocurrencies, it is crucial to acknowledge this downward trend and consider its implications for your investment strategy.
Therefore, I urge you to step back and reevaluate your portfolio allocation, especially regarding ETH. While Ethereum has undoubtedly been a pioneer in the blockchain space and has witnessed remarkable growth, it is essential to remember that diversification is the key to long-term success in any investment venture.
Given ETH's negative dropping of MFI, I strongly encourage you to explore alternative asset classes within the cryptocurrency market. By diversifying your holdings, you can mitigate risks associated with a single asset's performance and potentially capitalize on emerging opportunities elsewhere.
Consider allocating a portion of your portfolio to other promising cryptocurrencies demonstrating positive signs and growth potential. Conduct thorough research and analysis, considering factors such as market demand, technological innovation, and the team behind each project. This approach will help you make informed decisions and reduce the impact of any adverse trends affecting a particular asset.
Remember, the cryptocurrency market is highly dynamic and ever-evolving. As traders, we are responsible for adapting and staying ahead of the curve. By considering alternatives to ETH and diversifying your investments, you can better position yourself to navigate the market's ups and downs while potentially maximizing your returns.