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Ethusdanalysis

ETHUSD 15M Short EntryI made this chart when it respected the resistance, forgot to post it so sorry about that! Chart is still good to play, treat TP1 like the new resistance line since it was broken through, and so far has been respected. Ride it to TP3, wait to cash the trade and see if TP3 is broken through, if its broken through you can stay in the trade until it hits major support. everytime a take profit line (support line) is broken through treat it as resistance to read the reversal. For example if a candle breaks through and completes UNDER TP3, but the next candle completes ABOVE TP3 that is a reversal and the support line is still good. I'll start posting more frequently so everyone can get in early like I did.
COINBASE:ETHUSD
by CoverchefsFX
ETHUSD 29/1/2022 4HRUpdate: we have seen continued downside momentum as discussed in my last analysis. I think we are beginning to get exhausted and possibly looking to reverse. firstly looking at this ascending triangle on the 4hr chart, we did see a bit of a fakeout to the upside before quickly breaking back down and hitting support. I am expecting to see another test of the support before finally pushing to the upside. might be a boring weekend filling out the range here or if we see a break to either direction it will be very volatile. keep in mind this pattern is on the 4hr chart so to stay in this range till Monday is very likely. my big target is breaking above the green price target or thick red line. you can see we perfectly tested it as resistance on the way down and was a perfect entry for a short position. so my alert is set for that I would probably look to get in a long position around the support area allowing a tight SL incase we see further downside. I think an analysis of the DXY is necessary to try and see where price is likely to go.
BYBIT:ETHUSD.P
by ryanc49
Ethereum to break supportAs in Bitcoin's case, bulls don't have reasons to be happy at all... After the recent drop under 3k, Eth started to correct, but this rally was short-lived and very well capped at 3.4k. A double top has formed here and now we are sitting exactly on the neckline's support. A break here looks imminent and the cryptocurrency can accelerate losses to 3k again Also, a continuation to the downside will confirm that a lower high is in place and EthUsd can drop to very important 2750 support Sell rallies can be a winning strategy for this crypto and only price above 3400 would negate this scenario.
BITSTAMP:ETHUSDShort
by Mihai_Iacob
6
ETHUSD: Trying to Build Base for Climb HigherEthereum markets dipped ever so slightly on Wednesday but continued to find buyers on dips. It looks like we are trying to form a little bit of a base in order to recapture some of the recent losses. In fact, if you look at the bigger picture, you could even make an argument that we are forming a “falling wedge”, which is technically a bullish sign. That being said, it is not one of my favorite patterns, but it is something that some people will be looking at. Just above, we have the 50 day EMA hanging about at $3995 and sloping lower, so that will have a certain amount of technical influence on what is going on, but the market has sliced through the 50 day EMA more than once, so I would not be overly concerned about this. If we can break above there, then it should suggest that the market is probably going to be testing the $4100 level, perhaps then opening up the possibility of a move towards the $4500 level given enough time. I do like Ethereum, and I do believe that we will eventually go higher, especially considering all of the new improvements to the network that will be coming over the next six months. Having said all of that, that does not necessarily mean that we are going to simply take off to the upside, but what we will more than likely see is a building of bullish pressure over the longer term, giving us an opportunity to build up a position and then perhaps take advantage of the “Ethereum 2.0” rollout a few months now. I do believe that the $3500 level should offer support, and most certainly the 200 day EMA underneath at the $3195 level will as well. I have no interest in shorting Ethereum, although I do certainly recognize that there is a lot of downward pressure on it currently. Regardless, I think the real momentum-building move would be Ethereum breaking back above the $4000 level, and of course you need to keep an eye on Bitcoin, because it does have a bit of a “knock on effect” in this crypto market, as well as pretty much anything else. At this point, we are simply building up a bit of a base so that we can continue the overall uptrend.
BITSTAMP:ETHUSD
by SmoothJB