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ETH - Who Wins This Battle? 🗡️What's up traders! In today's breakdown, we're taking a look at our favorite #2 crypto in Ethereum. Let's dive right in... Ticker: ETHUSD Date: 04/19/23 Timeframe: 1H Supply: 2044-2068 (1st red zone), 2116-2148 (2nd red zone) Demand: 1924-1946 (1st green zone), 1826-1860 (2nd green zone) Commentary: Ethereum has created a big gap between these demand and supply levels. With Ethereum now pulled back down, this creates an opportunity for a healthier move upwards if we are to continue this rally. We have just held demand at ~1920 earlier this morning and are attempting to hold it again. This level is a previous double top from a couple weeks and a week ago so it is an important level to look out for. We should not be shorting Ethereum until this level is broken to the downside. With that being said, volume is currently accumulating on the downside so a break and retest of this level for further downside could well be a good play. ✅ Bullish Scenario 1: you want to see price hold this ~1920 demand, find strength to move upwards and possibly give us a retest of this demand zone for a possible move back into supply around 2050. This will be the safer upside play. ✅ Bullish Scenario 2: you want to see price hold this ~1920 demand, find strength, have volume build up to break the supply zone around ~2050, and then retest the ~2050 zone to possibly move into last week's high around ~2130. 🟥 Bearish Scenario 1: you want to see price break this ~1920 demand, retest, find weakness again and possibly move into last week's lows around ~1860. 🟥 Bearish Scenario 2: you want to see price find weakness again at ~2050 supply zone after holding this ~1920 demand for a move back into the ~1920 demand zone.
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by QuantVue
4
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Ethereum (ETH) was back above the 2,100 level in today’s session, as the token remains near an eleven-month high. Following a low of 2,057.65 to start the week, ETH/USD raced to an intraday high of 2,109.58 earlier in the day. Today’s peak is marginally lower than Sunday’s high of 2,142, which is the strongest point that ethereum has hit since last May. this rebound took place as the RSI jumped from its own support point at 68.00. As of writing, the index is now at the 70.24 mark, with a resistance point of 75.00 a possible destination. Should it hit the mark, there is a good chance that ethereum could move over 2,200. 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
BITSTAMP:ETHUSD
by CryptoSanders9563
4
Daily ETH 4HChart - resistance and supportHello everyone, let's look at the ETH to USDT chart on the 4-hour time frame. As you can see, the price is moving above the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $ 2065, if the support is broken then the next support is $ 2024, $ 1990 and $ 1958. Now let's move on to the resistance line, and here we first have a resistance zone from $ 2111 to $ 2129, if it breaks out the next resistance will be $ 2182 and $ 2269. Looking at the CHOP indicator, we see that the energy is gaining strength, the MACD indicates entering a local downtrend, while the RSI remains at the upper limit, which may also indicate the need for a price rebound.
by cryptodailyuk
Pain Points Ahead: Why Ethereum Investors Should Be Cautious Ethereum's recent price movements have been bullish, but I believe that a resistance mark is looming in the next week or so, which could cause the price to head downwards. Consequently, Icaution against buying into Ethereum at this time, as I believe that the downside risk outweighs the potential for upside in the near term. We must also consider the importance of other time frames when interpreting technical indicators like the Ichimoku Cloud, which currently suggests strong upwards momentum. If Ethereum can break through the resistance point, it may still have the potential for further upside. It is essential to note that market analysis is subjective and can vary based on different perspectives, and investing involves risk. Thus, it is crucial to conduct thorough research, analyze multiple indicators.
COINBASE:ETHUSDShort
by UnknownUnicorn910751
1
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Ethereum (ETH) continued to climb higher as the price climbed above 2100 following its recent Shepela update. After a low of 1,987.05 on Thursday, ETH/USD rose to a high of 2,126.32 in today's session. As a result of today's increase in price, the world's second-largest cryptocurrency has reached its highest level since last May. The latest rally came when the bulls broke the key resistance level of 2,030, with the RSI crossing its own hurdle at the 72.00 mark. Like BTC, ETH's RSI is also overbought, with the index reading 75.29 at the time of writing. A higher range at 80.00 now awaits the current uptrend in the market. 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
BITSTAMP:ETHUSD
by CryptoSanders9563
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Ethereum Buoyed by the Shanghai update, Ethereum outperformed BTC in today's session, gaining nearly 7% in the process. ETH traded at 1,882.37 in today's session, up from a peak of 2,007.05 a day earlier. As a result of today's increase in value, the world's second-largest cryptocurrency reached its highest level since last August. The 75.00 resistance level appears to be the next hurdle for the bulls, and should the momentum continue in the uptrend, ETH could move above 2100 this week. 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
BITSTAMP:ETHUSD
by CryptoSanders9563
2
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Ethereum fell below the 1900 level during today's session, losing almost 3% in the process. After hitting a high of $1923.81 on Tuesday, ETH/USD fell to a low of $1860.04 earlier in the day. Today's move came as ETH declined below the key 1915 resistance level, with the 1830 bottom a potential target for 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
BITSTAMP:ETHUSD
by CryptoSanders9563
3
ETH/USDT weekly Hi,we are on the weekly time frame for ETH/USDT as we see we are in a channel and the end of trend is going slowly but the biggest problem is hidden divergence or HD- on the RSI so can expect to have frome ETH to make a lower low to get a RD+ on the RSI and after that we can say the bullish market is starting, I have to say this HD- is clearly showing on BTC/USDT and many other big currencies chart so we can say the down trend is exist on weekly charts. this is just on of scenarios and can be failed so there is no advice to make decision on this analysis.
by hasantareh
Ethereum - Buy The Rumor, Sell The News? 😳What’s up traders. In today’s trading idea, we discuss our thoughts on Ethereum. Taking a look at the Daily chart, we’ve mapped out a few key levels & zones. The story for Ethereum will be similar to our previous post on Bitcoin, in terms of where we think the 2nd largest crypto is headed. If you haven’t heard, the Ethereum network is about to undergo the highly anticipated Shanghai upgrade on April 12th. Simply put, this upgrade will allow investors (validators of the network) to withdraw their ETH that has been staked since December of 2020 (massive unrealized gains sheesh). Right now, staked ETH accounts for 1/7th of the entire supply, 16 million tokens valued at over HKEX:26 billion. Will a massive price dump follow? Without diving too deep into the technicalities of the Shanghai fork, a subsequent dump could likely be in the cards. Scenario 1: Bull Case We see a continued push from Bitcoin, driving Ethereum up. We’re currently in an ascending triangle / bull flag, so a breakout to previous highs wouldn’t be surprising. HKEX:2 ,000 ETH definitely in the cards (Round number pseudoscience). If we can surpass the 2K barrier, consolidate above combined with a bullish Bitcoin. Taking longs right now don’t sound too shabby. Scenario 2: Bear Case The bearish scenario would entail a “Buy The Rumor, Sell The News” situation. Where this push we’ve witnessed in recent days/weeks is due to the hype surrounding the Shanghai Upgrade. A dip back down the 1400-1500 levels might be a solid spot if you want to look at getting long. If we see a severe dip from Bitcoin, and end up retouching the 1000-1200 levels. We’d be looking to buy & hold as those prices would be quite appetizing. As always, NONE of this is financial advice. Trade, and invest at your own risk. This is for educational and entertainment purposes only, and we are in no way shape or form financial advisors. Eyes peeled out there team. See ya in the next one.
by QuantVue
6
ETH/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Ethereum The price started today's session in the green as it attempted to move back toward the 1900 level. After a low of 1845.99 on Friday, ETH climbed to a peak of 1879.11 to start the weekend. The world's second-largest cryptocurrency broke a two-day losing streak after holding above a floor at 1830. Ethereum price strength remains below support at 61.00. The 14-day RSI is tracking at 60.42, and should there be a breakout, the price would be more likely to move above 1900. 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
BITSTAMP:ETHUSD
by CryptoSanders9563