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.
Ethshort
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.
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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) 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.
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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) 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.
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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
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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.
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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) 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.
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ETH LOOKING UGLYETH looks ugly, no clear bms to the upside on the daily and really imo hangs in the balence as to what btc does next, as in video ive disscussed the low at 1481, if we see a break and candle close below well mostly likly see a retracment to the upside up to the imbalence and ob at 1615 as ive highlighted on the daily.
If btc rallies and pushes towards 25 then the whole market will see a further run higher and what we are seeing on the weekly is a higher timeframe swing low and we can expect a push through 1700 towards 2500, what well see is a wick below our BMS and a candle close above giving us a bullish SFP
Eth is more risky to long here BUT fortune favours the brave, postions yourselves as suits yourself.
Uptrend Ethereum Is OverEthereum was struggling to break the resistance of 1670USD. After the final rejection, the was finally rejected.
Based on Fetch Trends, which used the rsi and 2 moving averages to calculate the colors, the uptrend is weakening. In my opinion, the uptrend is over.
We're now expecting a drop back to the support zone of 1260 to 1360. Based on the performance of stocks, it seems unlikely the price will make a lower low (875 USD).
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 red in today’s session, as it fell below the $1,600 level.
Following a high of $1,643.64 on Thursday, ETH/USD slipped to a bottom at $1,536.59 earlier in the day.
Like with BTC, this move pushed the world’s second-largest cryptocurrency to its lowest point since late January.
Overall, ETH has now fallen for a third consecutive day, with the latest drop resulting in prices breaking out of a floor at $1,600.
Traders now seem to be targeting a lower point of support at $1,515, which has not occurred so far, thanks to some resistance in price strength.
The RSI has collided with a floor at 46.75, which is its lowest point since January 3 and has helped calm earlier declines.
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ETH/USDT 12Hr UPDATE BY CRYPTO SANDERS !!Hello and welcome to this ETH/USDT chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:- Please comment on what you think according to the Ethereum 12-hour chart. I think ETH/USDT can go up to $1615
This is not a piece of financial advice.
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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 saw a slight resurgence snapped, with market sentiment shifting in a bearish direction.
ETH/USD has bottomed at $1,615.06 so far on Thursday, which comes less than 24 hours after reaching a high of $1,678.09.
Yesterday’s move saw the world’s second-largest cryptocurrency break out of a ceiling at $1,675, however, it was unable to sustain this momentum.
Looking at the chart, bears seem to be targeting a floor at $1,600 for ETH, however, all advances to this point have so far been rejected.
This comes as the RSI appears to have found a relatively stable floor at the 57.00 mark, which has given confidence to nervous bulls.
At the time of writing, ethereum has rebounded from earlier lows and is currently trading at $1,626.90.
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