ETHEREUM: BULLISH EXPANDING CHANNEL FORMATION.Hello, dear members. welcome to this Ethereum update.
Timeframe: 18 hours.
Update: ETH lately, showed some greens which were good for the market. The current scenario of ETH is under a bullish expanding triangle which technically is bullish. It is testing the resistance at $1240. This is quite a decisive moment for ETH. If it successfully breaks and closes above the resistance level then we can expect some good rally. But if it gets rejected from the resistance then the trend will get reversed and we may see some drops.
Fundamentals: ETH is having a conference meeting on the 19th of July 2022. The Ethereum Community Conference (EthCC) is the largest annual European Ethereum event focused on technology and community.
What is your opinion about ETH? Do you think it will rally higher or will it drop badly?
Let me know in the comments. Do show your support with your likes and if you don't wanna miss any updates then follow my channel.
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Ethusdcrypto
ETHEREUM: CAN THIS BE THE BOTTOM???Welcome traders to the ETH update in 3 days timeframe. This update is the continuation of my previous update.
ETH got rejected from support 1 and went straight to support 2 level, where the price is stuck. This will be crucial support for ETH cause if it fails to hold this, ETH can drop up to the $1k level where we have support 3. With the big news like ETH 2.0, the recent dump is quite disappointing. Many altcoins depend on the ETH ecosystem and overall its BTC which drives the market. If both the giant coins like BTC and ETH dip then we can expect the other altcoins to follow.
We can't be 100% sure that this is the bottom but we can look at the probability. If ETH is able to hold this support 2 level then we can expect something positive coming in. Until then we better wait for the close.
What is thought on ETH? Do you think there is still room for ETH to rally higher than this? Share your ideas with me.
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ETHEREUM UPDATE IN 3 DAYS TIMEFRAME.Welcome members to this ETH update in 3 days timeframe.
I posted this idea on the 12th of May 2022. It was a clear H&S pattern and then ETH dropped by 36%. As per the present scenario, ETH is still holding the Support 1 level which is at $1700. In order to see some positivity, ETH must hold this level. Moreover, after the breakdown, ETH has not bounced back, yet, and as we all know that whether it's a bull or bear market, the candles don't flow in one direction making only reds or greens. It always follows a zig-zag pattern.
I am expecting a bounce either from support 1 or support 2 levels. ETH, sustaining the support 1 level is ok but if ETH drops towards support 2 then we have to worry a bit.
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ETHEREUM IN DANGER???Hello members, welcome to this ETH update in 3 days timeframe.
This certainly doesn't look good. ETH made an H&S pattern and then doom. A -32% drop so far has liquidated many traders' hard-earned $$$$. We can see certain support levels at $1790, $1445, and $1050. Most likely ETH can bounce back from any of these support levels but will it be too late for the market to recover all these losses?
Things are quite skeptical here and we must stay extra cautious if you are holding any coins. As the ETH is dumping badly, the RSI is dumping too and it has reached the oversold area. The only direction the RSI goes from here is in the upward direction. So, if not support 1 then support 2 could be the bounce-back level for ETH.
Let's see what comes next.
Thank you.