Ethusdanalysis
ETHUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
ETH Buy TradeHere is My Study On Etherium. NExt Month Coming Shanghai Update. It Brings Abit Fomo an We can Touch 2000.
This analysis is for informational purposes only and should not be considered financial or investment advice. The information presented in this analysis is based on my own research and is subject to change without notice. The analysis is not a recommendation to buy or sell any specific cryptocurrency, Forex And Stocks. Please conduct your own research and consult with a financial advisor before making any investment decisions."
ETHRIUM has Enogh With DownTrendHere is My Study on ETH Against Btc.
This analysis is for informational purposes only and should not be considered financial or investment advice. The information presented in this analysis is based on my own research and is subject to change without notice. The analysis is not a recommendation to buy or sell any specific cryptocurrency, Forex or Stocks. Please conduct your own research and consult with a financial advisor before making any investment decisions."
ETHUSDT Daily: 25/02/2023: Is 2000 reachable?
As you can see, there are 2 scenarios in front of the price.
After touching the supply zone, the price had a bearish reaction, and we can expect a more bearish move.
Bullish scenario: Personally, I follow this scenario. We can define the demand zone on the chart that can push the price up. In this case, we can expect the price breaks the supply zone and reach higher levels that you can see on the chart.
Bearish scenario: Technically expectancy of the price action is follow this scenario. Since the price had a bearish reaction to the supply zone, we can expect more fall.
💡Wait for the update!
🗓️25/02/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
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!
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.
Represents A Significant Price LevelEthereum (ETH) price is struggling to consolidate above $1,700. This Monday, February 20, is the fifth consecutive day that Etherum has passed that level, but in the previous days it has not been able to close above said price.
As of this writing, ETH is trading at just $1,708, on TradingView records . The highest level in recent days was recorded on February 16, when it reached $1,742 per unit .
However, on that occasion the daily candle closed in the red, below $1,640 . The same has happened on the other days, with ETH being unable to stay above the $1,700 barrier at the end of the day.
At the moment, he is achieving it this Monday. That price mark is an important barrier, taking into account that that level was lost 5 months ago. On September 13, its price fell from there to not return, until a few days ago.
As it was reported by the end of January ETH had managed to consolidate a new price level above $1,500 . In addition, various bullish signs already supported the rise of the cryptocurrency from that moment.
So far this year, the entire cryptocurrency market has been bullish and very promising. In addition to ETH, bitcoin has risen almost 50% this 2023 and went to its best price in 6 months.
In addition, there are already at least 30 cryptocurrencies in the top 100 that have doubled in price today. A list that was barely 17 coins a few days ago. In that list there are even some outstanding trends, such as the case of cryptocurrencies related to artificial intelligence or Stacks case and its relationship with the NFT Ordinals in Bitcoin.
Ethereum -> More Upside PotentialHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe Ethereum just recently broke out of a very clear triangle formation and since then already had a pump of about 30% towards the upside.
We have the next clear resistance area coming in at $2000 so I do expect the market to have a bullish move into the zone before finding short term resistance there.
On the daily timeframe I am just waiting for the market to break above the previous resistance zone which we are currently testing once again, and after the break I definitely think the market will finally retest the $2000 area.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
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.
#ETHUSD- PROBABLY THE BEST TIME TO INVEST!!ETHEREUM long term bias is bullish due to many reason one of the crucial reason is price momentum have changed, already touched the lowest level as crypto crashed, price is currently in process of making big bullish impulses so let's not miss it out on it!!
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