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#ETH/USDT DAILY UPDATE BY CRYPTOSANDERS Hello, members and welcome to this ETH /USDT quick chart analysis. In the current scenario, ETH is heading towards the lower support area of ​​$2075 As per the current scenario, if ETH holds the $2100 level, we could see a rally from that level. Now, IMO we should sit aside from the market until there is a bullish divergence. This is not a piece of financial advice. Do hit the like button if you like it and share your charts in the comments section. thank you.
by CryptoSanders9563
1
#Ethereum slides to Q1 2022 lows, Finds Resistance at $2.5kPast Performance of Ethereum Ethereum is deep in red like most crypto assets. When writing, ETH is up four percent in the past trading day but is down 16 percent week-to-date versus the USDT. There are encouraging recoveries at spot rates. However, this is not enough to dissuade holders who were pummeled on May 9 following the sharp dump that saw ETH plunge to as low as $2.1k. #Ethereum Technical Analysis ETH prices bounced off from Q1 2022 lows, coinciding with the 78.6 percent Fibonacci retracement level of the H2 2021 trade range. While the rejection of lower prices on May 10 could be a net positive, sellers are still in control in the immediate term. Therefore, since ETHUSDT is in a bear breakout formation and $2.5k is a strong resistance level, sellers can liquidate on any attempt to retest this line. Cautious, risk-averse traders can wait for confirmation below $2.2k—this week's lows—before unloading, targeting $1.8k in the medium term. On the flip side, any surge above $2.5k invalidates the bear run, confirming May 9 bear bar as climactic. What to Expect from #ETH? Sellers are in a commanding position. However, Ethereum's ecosystem is activity and dApp dense. ETH may recover, bouncing off from $2.2k once bulls satisfactorily rewind losses of May 9. Resistance level to watch out for: $2.5k Support level to watch out for: $2.2k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
ETH short term trade. Local shortOur global forecast for the cryptocurrency ETH is relevant. We expect a test of the $2600 range, from where the price has every chance to start a new powerful wave of growth. Links to our recent global ETHUSDT forecast below: However, at the moment the sellers have not given the initiative. The price is slowing down, but sellers are preparing for another local downward momentum. From how buyers will behave around the $2600 mark , it will be clear whether there will be a new wave of growth in the near future. So far no signs of buyer strength are visible. Local ETH short Admission 1: $2865 Admission 2: $2923 Stop: $3001 Such profit: $2675 The critical point where you need to closely monitor the price and be ready to fix the profit - $2726. P.S. This local short is carried out near local minima. This should be taken into account when determining the size of the position.
Short
by P_S_trade
33
Ethereum in Range, ETH Bulls Stand a Chance above $2.7kPast Performance of #Ethereum Ethereum is comparatively resilient against bears, soaking the selling pressure as per the developments in the daily chart. ETH prices are steadying above primary support, flashing with last week's lows at about $2.7k. Even so, sellers are in control from a top-down approach. ETHUSDT remains within a bear breakout formation, struggling to stay afloat and snap back to the primary trend established in March 2022. #Ethereum Technical Analysis ETH prices are under significant selling pressure. Overall, sellers are in control, unwinding gains posted in March. Buyers haven't reversed the steep losses of April at spot rates. Notably, ETHUSDT is within last week's trade range, with conspicuous bear bars of April 26 and 30 setting the trend. As ETH prices move horizontally, traders can trade with the primary trend, unloading every pullback provided prices are below $3k. A break below $2.7k and last week's lows may force another wave of dumping towards March 2022 lows of $2.3k. On the flip side, if ETH bulls break away from the current sideways movement above $3k, prices could soar to $3.5k—or better. This breakout would endorse the bulls of March, providing timely entries for aggressive traders to ride the wave. What to Expect from #ETH? Prices have support from around the 78.6 percent Fibonacci retracement level of the March 2022 trade range. A breakout above $3k would relieve optimistic buyers angling for resumption and a lift-off towards $3.5k. Resistance level to watch out for: $3k Support level to watch out for: $2.7k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
1
#ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this #ETH/USDT 1DAY chart update by CRYPTOSANDERS. Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis. CHART ANALYSIS: - ETH/USDT currently trading inside the triangle pattern and on the support zone. There is a high chance to bounce from this strong support zone all the way to 175%. You can take entry here on the support zone with a SPOT and LOW leverage of 2x to 5x. If it breaks down the support zone then close your position or use stop loss for safe trading. long term hold and good profit 😉🙂😊✈️✈️ Q:-What do you think about this? Do you think we will see a new ATH of ETH/USDT in the next quarter? Share your views in the comment section. Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. Thank you.
by CryptoSanders9563
Economic Bubbles and EMA 100/200Here is an ETH analysis of the current price drop, and based on the Theory of Financial Bubbles can we spot three bubble ish formations in the past years. The three points in time this analysis sees are the bubbles in 2018 when the price drop followed by a pump to the upside, not as high as the previous high but this was followed by a drastic drop The market followed the economic bubble theory with a peak which followed by a price drop, by the time the price started to stabilize itself did investors take profit and the price crashed into a panic sell off. The second point in time this happened was the start of the Covid pandemic which caused the price to follow this same movement to its low. Now in 2022 can we see this similar movement where the price has started to drop which will continue downwards and after this initial downtrend will the price pump slightly upwards where investors take profit and after this pump will the price crash. Following the Financial Bubble Theory. Something we trader also need to take into account which may confirm this analysis is the movement in in EMA 100 which during these three points in time crossed down below the EMA 200. Entry Price: 3200 USD Target Price 1: 2500 USD Target Price 2: 2100 USD Target Price 3: 1700 USD When taking this position do we need to focus on the initial drop and when the price pumps upwards do need to take into account for the downwards sloping resistance line, if the price breaks the trend line to the upside is the trend likely to reverse and do a final longer push. This assumption is less likely to happen, as the general price trend is a take profit zone before the price hits the panic zone and its final drop off. This is not financial advice.
COINBASE:ETHUSDShort
by vf_investment
3