Ethshort
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) fell from Thursday’s high, with the cryptocurrency also impacted by today’s increased volatility.
Following a high of $1,666.13 during yesterday’s session, ETH/USD slipped to a low of $1,632.57 on Friday.
The drop saw ethereum move further away from its long-term ceiling at $1,675, and closer to a floor of $1,630.
Since hitting this earlier high, prices have gone on to rebound, with ethereum now trading at $1,648.37.
This comes as price strength seems to have found a floor at 54.00, and is currently hovering above this point.
At the time of writing, the index is tracking at 54.35, with the 10-day (red) moving average upward facing, which could be a sign of an upcoming rally.
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
Shanghai upgrade: to the moon or not?Ethereum is an amazing project: the team's ability to stay on the road map and stick to the original plans has always been impressive. Even this one thing makes you stay bullish on $ETH in the long run. Earlier we posted idea about the Shanghai upgrade and we predicted local growth until March. Now let's check things out in a current situation
First of all, we should understand that long-term theses are only good in a bull market, or when most participants are also thinking in the long term. That's why we shouldn't expect a crazy rise right after the Shanghai upgrade.
The Shanghai Upgrade is scheduled to be implemented on the Sepolia test network on February 28, 2023 . Tentatively Shanghai should be released on mainnet a few months after Sepolia (July-August)
Let’s remember that the main feature of the Shanghai Upgrade for the user will be the ability to output steak ETH.
Here’s some statements why you shouldn’t wait for ‘to the moon’ right after the upgrade:
Some of the users who have entered at the price of ETH below the current one may want to take profit
Some of the users who have entered at the prices equal to the current one, may want to secure their positions and fix the token stack they have forged
Some users who have entered at the prices higher than the current one may want to take their losses back
Thanks for reading, share your point of view about ETH and stay with us!
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was back in the green in today’s session, with prices nearing $1,700 following yesterday’s sell-off.
ETH/USD rose to a peak of $1,674.60 earlier in the day, which comes after bottoming out at $1,604.80 on Wednesday.
The move saw ethereum come within touching distance of its long-term ceiling at $1,675, however, bullish pressure was not sustained.
Since hitting this earlier high, prices have gone on to slip, with ethereum now trading at $1,665.75.
This coincides with the RSI indicator running into a hurdle, in the form of the 57.00 resistance point.
At the time of writing, the index is tracking at 56.10.
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 Key principles of trading in different market phasesAs is known, the market has two types of states:
When it is trending (distribution phase)
When it is in a range (accumulation phase)
The regularity is that the market will ALWAYS transition from one state to another. The trend will always give way to a range, and after exiting the range, a new trend will emerge.
Knowing this, a trader must learn to trade in both market states and build their trading system based on continuous practice.
In the distribution phase, when the market is dominated by a trend, a trader should look for opportunities to open positions in the direction of the trend. In this case, technical analysis should be used to determine entry and exit points from positions.
In the accumulation phase, when the market is dominated by a range, a trader should be cautious and wait for opportunities to open positions. In this case, a broader market analysis, including fundamental analysis, should be used to determine the most likely direction of price movement.
The key element of successful trading is continuous practice. A trader should constantly test their trading system and analyze their mistakes to improve their results. It is also important to keep an eye on current news and events that may affect the market and adapt their strategy accordingly.
Overall, a trader should be flexible and ready to adapt to changes in the market to achieve constant growth in their results.
eth potential swing channelsimilar channel to bitcoin. offered breakout from previous support, forming our channel bottom. respecting eq. slight deviation at channel top.
only measure that's a bit out of range is our wave 2 target. would have to be a deviation from the channel, which is still in line with our thesis.
eth swing short back to range low | $1300 min targetwas long this morning but closed out for pennies. flipped back short. something just felt off.
think that was finally the short trigger we've been looking for. wave 1 feels complete. wave 2 should take us all the way back towards range low.
$1300 min target.
$1215 TP2
technically this could go all the way back to the low ($1073) and remain a valid wave 2.
ETHEREUM: BEARISH IN LOWER TIMEFRAME.ETH looks bearish to me. I expect a retracement in the market and this could be it. I am opening my short position at $1670 to $1725. If ETH closes above $1750 in 6 hours or a daily timeframe, I will exit my short trade. My target will be close to $1500. RRR- 1:3.
Note: Do not trade without SL and use 8x to 10x leverage. DYOR before investment.
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) has mostly traded higher in the past 24 hours, with prices remaining above $1,700.
ETH/USD moved to a peak of $1,718.95 earlier in the day, which comes after falling to a low of $1,659.30 on Sunday.
Like with bitcoin, the gain took place as prices bounced from a recent floor — on this occasion the $1,675 mark.
An upwards crossover of moving averages has also occurred in today’s session, which is usually a sign of a change in market momentum.
Should this be the case, then there is a strong possibility that ethereum bulls could target $1,800, which hasn’t been hit since September.
In order to potentially move towards this level, an upcoming hurdle of 67.00 on the RSI indicator must first be overcome.
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/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) rose back above the $1,700 level to start the weekend, with bulls returning to the fold.
ETH/USD moved to a peak of $1,716.78 earlier in the day, which comes less than 24 hours after trading at a low of $1,656.28.
The world’s second-largest cryptocurrency climbed back above a price ceiling of $1,675 following the move.
At the time of writing, earlier gains have somewhat eased, resulting from the RSI colliding with a ceiling at 63.00.
Since this collision, price strength is now hovering at a reading of 60.44, with ethereum trading at $1,693.41.
If bulls fail to move beyond this hurdle, it is unlikely that ETH will re-capture the $1,700 this weekend.
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/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) decline was more on the subtle side, with prices remaining relatively close to the $1,700 mark.
Following a high of $1,732.80 on Thursday, ETH/USD is currently trading at $1,636.17 in today’s session.
Similar to BTC, ETH fell below a key resistance level of $1,675 on its way to its current price point.
The decline coincided with the RSI failing to break out of a ceiling at 60.00. It is currently tracking at 58.90.
A positive, however, is that the 10-day (red) moving average is no longer downward facing, with the potential for a swift upwards cross faintly on the cards.
Should this occur, there is a strong possibility that ethereum will not only move back above $1,700 but potentially closer to $1,800.
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 to breakdown?Ethereum - 24h expiry - We look to Sell a break of 1659 (stop at 1699)
We are trading at overbought extremes.
A Doji style candle has been posted from the high.
A higher correction is expected.
A break of the recent low at 1660 should result in a further move lower.
Bearish divergence is expected to cap gains.
Our profit targets will be 1559 and 1539
Resistance: 1693 / 1708 / 1720
Support: 1660 / 1640 / 1600
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
ETHEREUM: AT THE RESISTANCE.ETH update:
We saw a 16% rally on ETH in the last 2 days, a straight pump from $1464 to $1711. This rally helped the coins under the ETH ecosystem like LRC, RNDR, ENJ, MASK, etc. to gain some bullish momentum. Just like BTC, ETH is also testing the $1700 resistance level. A successful breakout above this resistance will continue to bring a positive move in the market but a rejection on the other hand may create a panic situation.
Keeping an eye on the current market scenario, I am expecting a correction to take place soon in the market.
That's it for now. Thank you for reading and trade safely.
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was also in the green in today’s session, as prices broke out of a recent point of resistance.
ETH/USD hit a high of $1,562.03 earlier in the day, which comes less than 24 hours after trading at a bottom of $1,501.80.
As a result of this move, ethereum briefly broke out of a price ceiling at $1,550, after bouncing off a floor of $1,505.
Earlier gains have somewhat eased, with ETH now trading at $1,557.25, which is marginally higher than the aforementioned ceiling.
At the time of writing, the RSI is hovering at 49.86, which is below a ceiling of its own at 50.00.
In order for ethereum bulls to head back toward the $1,600 mark, this ceiling will first need to be broken.
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/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) climbed back above $1,500 on Tuesday, as it also reentered a recent support point.
Following a low of $1,470.02 to start the week, ETH/USD rallied to a peak of $1,514.08 earlier in today’s session.
As a result of this move, the world’s second-largest cryptocurrency is once again trading above its long-term floor at $1,505.
Despite this, overall market momentum remains bearish, with the 10-day (red) moving average (MA) extending its death cross with its 25-day (blue) counterpart.
What has somewhat helped to ease the current market sentiment is the floor of 44.00 on the RSI indicator.
Should the floor break, there is a strong possibility that ethereum will be heading for the $1,450 mark.
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