ETH MXN still in it's lowestWe are expecting an almost -10% drop with a little adjustment in for some 2-4 days in a 4h chart.
It's maximum drop will get eth to -20% in case it breaks all technical indicator's rules.
Recommendations: Since we are not even in half of the month (March) I suggest not
entering even in Spot, let's wait for Marubozu candlestick patters to check its volume with MCVR.
Ethshort
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) Friday's session was also much lower, with market volatility also high due to the non-farm payrolls report this afternoon.
It is expected that 205,000 jobs were added to the US economy last month, down from January's total of 517,000.
The decline could act as an overall positive, as the Federal Reserve could raise rates less aggressively depending on the outcome.
ETH/USD fell to a low of $1,378.53 earlier in the session, which comes a day after trading at a peak of $1,543.69.
Overall, ETH is now down about 10% over the past week, with today's drop taking the price to its weakest point since mid-January.
As a result of this selloff, the RSI is now tracking at 28.30, which is its weakest point since last June.
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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) also remained in the red in today’s session, registering a third consecutive drop in price.
ETH/USD moved to a low of $1,530.43 earlier in the day, which comes less than 24 hours after hitting a high of $1,563.41.
Similar to bitcoin, this drop resulted in the world’s second-largest cryptocurrency slipping to its weakest level since mid-February.
Overall, ethereum is down nearly 7% in the past seven days, and this comes as the 10-day (red) moving average extended a crossover of its 25-day (blue) counterpart.
the RSI is also tracking at a multi-month low at 40.57, which was last hit on December 19.
Should this trend continue, there is a strong possibility that ETH could fall to a floor of $1,500.
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ETH:The analysis of ETH's future market situation is as followsETH as a whole is still in a wide range of oscillations at the daily level. Technically, ETH failed to break through the 1590 position, and a new bearish reaction appeared after forming a high near 1583.It fell sharply below the levels of 1550 and 1540.The low formed near 1535.The daily chart is suppressed by the moving average of technical indicators, and the opening of the Bollinger band is downward, the overall market of Ethereum is still running short.
At the small level, the current small-level rebound market is under pressure near 1565. This position happens to be the intersection of the short-term moving average of the 20th and 30th moving average, which plays a role in the market. The market is under pressure, and with the current technology showing kinetic energy, it is difficult to support the rise of Ethereum and make a breakthrough, so the top is currently facing two suppression levels, one is near 1565, and the other is the high point 1590 that has not been effectively broken through recently. Therefore, from this point of view, Ethereum is still in a weak and volatile market. If it is delayed and cannot effectively break through the above two resistance levels, it will be difficult to support the rise of Ethereum and make a breakthrough. Therefore, the top is currently facing two suppression levels, one is near 1565, and the other is the high point 1590 that has not been effectively broken through recently. Therefore, From this point of view, Ethereum is still in a weak and volatile market. If it is delayed and cannot effectively break through the above two resistance levels, when If the kinetic energy is exhausted, a new round of falling markets may begin.
So in terms of operation, Ethereum can enter with empty orders near 1583-1590, below the target level of 1540.
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BINANCE:BTCUSDT BINANCE:ETHUSDT BITSTAMP:BTCUSD BITSTAMP:ETHUSD COINBASE:BTCUSD COINBASE:ETHUSD
ETHUSDTPEthereum Price Prediction Tomorrow, Weak And Month
Shark Pattern on Ethereum
Ethereum (ETH) has been making banner in the cryptocurrency world with its recent surge in price attracting the attention of all traders and investors. While the market for ETH remains volatile there are some indications of that a Bearish trend may be on the horizon. In particular a potentially bullish shark pattern is developing on Ethereum with almost 4 legs confirming the pattern but D leg is not confirmed yet but we can see the D leg is developing nicely and its on the way.
The shark pattern is a lesser g known chart pattern in technical analysis but one that can be quite powerful when it does occur. It is a variation of the more well known harmonic patterns such as the butterfly and the bat. Like these patterns the shark pattern is based on Fibonacci ratios and can signal a potential reversal in the price trend.
In the case of Ethereum, the shark pattern is developing with almost 4 legs. If we calculate X - A for B leg is at the 0.382 Fibonacci retracement level and the C leg is precisely at the 1.13 Fibonacci extension level. The potential reversal zone for the pattern could be at the 0.886 Fibonacci retracement so potential target for the pattern expected at $1148.
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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 mostly volatile during Monday’s session, as prices remained largely unchanged.
ETH/USD fell to a bottom at the $1,557.36 mark to start the week, a day after trading at a peak of $1,574.23.
This drop sees ethereum trade in the red for a fifth consecutive session, with its market cap down 5% within that period.
The 10-day (red) moving average has also moved below its 25-day (blue) counterpart, with support at $1,560 preventing further falls.
Additionally, the RSI has collided with a floor at 44.00, and as of writing, the index is slightly above this mark, with a reading of 44.28.
Should this area eventually give way, there is a good chance that ETH could fall below $1,500 this week.
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#ETHUSD - Swing Down to Recent Lows Before Moving Up Again?Looks like #ETHEREUM is about to to clear some smiles from the bulls as it descends around 30% to meet recent support levels.
There'll be a few swings in this descent where shorter term traders could bag multiple profits up and down, but our forecast for the next month or two most definitely red!
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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) also significantly fell in today’s session, dropping below the $1,600 mark.
Following a high of $1,652.43 on Thursday, ETH/USD moved to a bottom at $1,553.85 earlier in the day.
Today’s drop has pushed the world’s second-largest cryptocurrency to its weakest level since February 15.
As projected earlier in the week, a move towards $1,550 was already on the cards, as the 10-day (red) moving average neared a downward cross with the 25-day (blue) moving average.
The RSI has also contributed to the sell-off, with the index falling below a recent support point of 49.00.
Currently, the price strength on ETH is at 44.51, which is marginally above the next support at 44.00.
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ETHThinking ETH will keep grinding higher while BTC corrects. If you watch ETH longs on Bitfinex you can clearly see that longs are at very low levels. While watching BTC longs on Bitfinex we can see that the trend is parabolic and bitcoin longs are just full ape mode.
Would make sense as well since many alts are lagging the huge BTC move off the $15K lows. Unless you altcion bag has the words AI in their coin summary bio , well then you likely missed most of the Jan- Feb pump.
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also erased Wednesday’s gains, with the world’s second-largest cryptocurrency failing to break a ceiling of its own.
Following a high of $1,672.05 on hump day, ETH/USD dropped to a bottom of $1,635.85 earlier in Thursday’s session.
The move occurred as ethereum buyers were not able to push the price above resistance at $1,675 during yesterday’s rally.
As a result, bears reentered the market, further intensifying the downward momentum of the 10-day (red) moving average.
Currently, the trend line is fast approaching its 25-day (blue) counterpart, with a downward cross inevitable.
In addition to this, the RSI, which is tracking at 51.82, appears to be en route to a floor at 49.00, which could push ETH below $1,600.
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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) also raced higher on hump-day, as prices once again moved above $1,650.
ETH/USD raced to a high of $1,658.69 earlier today, less than 24 hours after nearly falling below $1,600.
As a result of this surge, the world’s second-largest cryptocurrency climbed to its strongest point since last Thursday.
Additionally, price strength has also risen past a ceiling at the 53.00 mark, with the index tracking at 54.68 as of writing.
Despite this, the 10-day (red) moving average still seems set to crossover its 25-day (blue) counterpart, which could prompt an upcoming sell-off.
Should this cross occur, there is a possibility that ETH could fall toward a floor at the $1,550 mark.
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ETH SHORT SCALP ASIAN RANGE HIGH TO PRICE ARRAYS BELOW AR50Day's Bias: Bullish
Plot:
Descending Channel formation pattern.
Price expands in the Asian Session, price is expected to return close around it's 50%.
Price Arrays below AR50 to enter longs.
If I am right that we reached the top of Asian Range, price is going to mitigate price arrays on or below its 50%.
Bounce off AR50 within London or NY Sessions will be explosive.
Taking this Short Scalp and setup a Long right below AR50.
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also stuttered in today’s session, with prices moving close to the $1,600 level.
Following a high of $1,662.58 to start the week, ETH/USD fell to a bottom of $1,615.39 earlier in the day.
This recent decline comes after a failed attempt to move past a long-term resistance level of $1,675.
Additionally, price strength has also hit a ceiling at the 53.00 mark, with the index tracking at 52.74.
Ultimately this consolidation, which is almost identical to bitcoin’s, comes as markets wait for this afternoon’s consumer confidence report, before deciding which direction to take.
However, should ETH bulls break the 53.00 ceiling on the RSI, there is a good chance that the price could be heading to or above $1,700.
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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) on the other hand, has been predominantly bullish to start the week, with prices rising back above $1,600.
ETH/USD, which dropped to a bottom of $1,597.21 on Sunday, surged to a peak of $1,645.91 earlier in the day.
Prices have primarily climbed in the past few days, after falling to a low of $1,557 to start the weekend.
earlier gains have eased, as the RSI collided with a wall at the 54.00 mark.
Since this collision, price strength has declined, with the RSI now tracking at 53.04, and ETH trading at $1,638.06.
Should ETH bulls intend to return the price toward the $1,700 mark, the first step in this journey would be to move past the 54.00 ceilings.
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