ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was also back in the green in today’s session, with prices rising back above the $1,800 level.
ETH/USD rose to a high of $1,825.60 on Wednesday, which comes less than 24 hours after the price was below $1,700.
As a result of today’s rally, ethereum was able to briefly rise above a recent resistance point at the $1,820 level.
Price has since retreated from this point, which comes after the RSI collided with a ceiling at the 58.00 mark.
Although price strength is now tracking at 58.52, overall market momentum seems to be preparing for consolidation.
The 10-day (red) moving average (MA) is now trending sideways, and should the RSI fall back below 58.00, the chances of a downward cross with the 25-day (blue) MA will greatly increase.
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Ethshort
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also moved lower on Tuesday, after nearly climbing back above $1,800 to start the week.
Following a high of $1,797.88 on Monday, ETH/USD dropped to a bottom at $1,690.52 earlier in today’s session.
Similar to bitcoin, this decline sent ethereum to its weakest point since March 17, when prices fell to a floor at $1,666.
The drop comes following a drop in price strength, which saw the RSI move to its lowest level in two weeks.
As of writing, the index has now bounced back from this floor at 51.00 and is currently tracking at 54.50.
Overall, ETH is down 1.52% over the last seven days.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) largely consolidated on Monday, as prices moved away from a key price floor in today’s session.
ETH/USD jumped to a peak of $1,797.88 earlier in the day, which comes less than 24 hours after falling to a low of $1,748.44.
Since hitting a seven-month high of $1,861 last Thursday, the world’s second-largest cryptocurrency has mostly traded below $1,800.
Overall, ethereum is down 1.19% from the same point last week, with prices mostly moving between a floor of $1,730, and a ceiling of $1,820.
The 10-day (red) moving average has now begun to shift direction, with upwards momentum now fading.
Prices may continue to trend sideways heading into April unless some unexpected news moves markets.
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ETH weekly update We clearly can notice equal lows, it means liquidity below it. For the next week I expect sweep PDH or Monday's range high and fill imbalance (grey box), to find short set up with equal lows objectives.
Not a financial recommendation!
Thank you for like this idea, have a good profit!
Ethereum- Break of rectangle for directionFor almost two weeks now, Ethereum is consolidating its gains in a rectangle.
Rectangles are usually continuous patterns and, considering the medium-term trend is up, we can expect the price to rise above 2k after the break.
However, Bitcoin seems to prepare for a correction, and in such an instance Eth could drop also. In this bearish scenario, with a break under 1700 zone support, traders should look for selling opportunities with a target at 1500 zone support
$ETH 💎💎💎I'm seeing a diamond pattern on $ETH. From my knowledge where diamonds enter they in most cases exit. I still think there is a small possible bounce to the highlighted circled area around the 1770 area then down. My thought is that the price target down is between the 2 green horizontal lines at 1650-1625 area with a possible extension down to the 1580 area. Why I say the possible extension is that is where the last real push to its current price came from and before the market moves to new destinations whether higher or lower it usually retest old break outs. I will go further into my future thoughts after this move is completed. If it plays out exactly I think we may have a nice move before things possibly get nasty again.
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also edged lower to start the weekend, as prices continued to fall from a recent seven-month high.
ETH/USD dropped to a bottom at $1,730.35 in today’s session, which comes a day after hitting a high of $1,791.14.
The move pushed ethereum to its long-term floor at $1,730, with buys opting to buy the dip at that point.
This recent drop in price has pushed Ethereum’s RSI to its lowest point in two-week, with a current reading of 55.39.
Momentum still remains marginally bullish, as seen by the 10-day (red) moving average, however, should prices move below $1,730, that could change.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) briefly traded above the $1,800 level in today’s session, prior to colliding with a key resistance level.
ETH/USD rose to a peak of $1,853.89 late on Friday, which came following a prior low of $1,745.02.
This surge sent ETH to its strongest point since last August, pushing prices marginally above a ceiling of $1,850 in the process.
ETH bulls were unable to sustain this breakout, which has since given way to bears looking to short the market.
At the time of writing, ethereum is trading at $1,761.72, with the momentum of the moving averages still upwards facing.
This sentiment may soon shift, should the RSI break out of a floor at 56.00. The index is currently tracking at 56.62.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was also back in the red on Thursday, with prices moving below $1,800.
Following a high of $1,821.46 on Wednesday, ETH/USD declined to a low of $1,717.77 earlier in today’s session.
As a result of the slippage, ethereum neared a recent point of support at the $1,715 mark, however, bulls have so far rejected a breakout.
Looking at the chart, the 10-day (red) moving average remained in an upward trend, which could be a sign of future bullish momentum.
Price strength is currently tracking at 58.02, which is marginally above a floor at 57.00, resulting in ETH jumping from earlier lows.
At the time of writing, ethereum is tracking at $1,756.34.
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ETH Bearish Divergence leading into shanghai fork. Get short.ETH Bearish Divergence leading into shanghai fork.
Eth is setting new highs on lower RSI. This is creating the bearish divergences. The stochastic is high so ready for a fall in price. Volume is low on the new highs as well demonstrating more weakness.
Fundamentals. When the shanghai fork goes live on 12 April ETH 2.0 stakers will be able to sell for the first time in years. Its gonna be a blood bath.
STO - Very high and due for a fall.
Volume - Low on the new highs.
RSI - Weaker with each new high.
Target 1 = 1400
Stop Loss = 1850
Price = 1760.
$ETH short next 4hThis is my analysis and idea only. Do not take this as financial advice, and please do not base any trades based on this chart, or any content I post. These are my thoughts only. Operating in crypto is dangerous and can quickly stack up big losses. Always study, and do your due diligence.
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was also back in the green on Wednesday, following a brief stint of consolidation the day prior.
ETH/USD moved to a high of $1,836.29 on hump-day, which comes less than 24 hours after trading at a low of $1,761.67.
Similar to bitcoin, Wednesday’s rally in price saw ETH near a recent high of $1,846, which is its strongest point since last August.
The 10-day (red) moving average (MA) has continued to trend upwards, extending its crossover with the 25-day (blue) MA.
However, price strength seems to be a barrier to further gains, with the index now tracking below a ceiling at 64.00
In order for bulls to extend gains, there will likely need to be a breakout of the aforementioned resistance level.
I have tried to bring the best possible outcome to this chart.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) remained below $1,800 for the second straight session, following a recent climb into overbought territory.
ETH/USD fell to an intraday low of $1,725.01 on Tuesday, a day after trading at a peak of $1,788.13.
Despite a recent upward crossover of the 10-day (red) and 25-day (blue) moving averages, it appears that momentum has shifted.
From the chart, it appears that this coincides with the RSI falling back below a point of support at 61.00
At the time of writing, the index is tracking at 60.74, with ethereum slightly higher, and the asset is currently trading at $1,762.33.
In order for bulls to recapture the $1,800 mark, this ceiling on the RSI must first be broken.
I have tried to bring the best possible outcome to this chart.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) consolidated recent gains during Monday’s session, as prices fell below $1,800.
Following a high of $1,843.84 on Sunday, ETH/USD dropped to a bottom at $1,744.86 to start the week.
This drop comes as ethereum bulls appeared to be securing recent gains, days after ETH rose to its highest point since last August.
Overall, some are attributing the decline to the RSI, which fell below a long-term ceiling at the 66.00 mark.
At the time of writing, the index is tracking at 63.74, with a floor at 62.00 a possible target for bears.
I have tried to bring the best possible outcome to this chart.
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