Ethusdcrypto
ETHUSD: Don't Miss the Impulse 🚀If we can breach this main supply we could have a strong run-up towards the seller stops.
Price has done what it needed to trap and create liquidity.
Do you think this bull run has potential? 🐂
Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬
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Ethereum- I remain bearish in spite of recent growthIn my Monday's comment, I said that I expect 4k to fall for the simple reason that is too obvious, and it did, Eth dropping afterward to 3675.
Now the coin is reversing and so far there are no reasons for optimism
I expect 4k zone to be well defended by sellers and I expect continuation to the downside in the coming days.
Only EthUsd back above 4.2k would change my bearish opinion and for the time being my target remains around 3.5k
Ethereum is bearish like almost all crypto marketEthereum recovered very quickly after last week's dump and in the long term, in my opinion, is the most bullish from all Big 4.
However, as a rising tide lifts all bouts, same a falling one sinks them, and I also expect Eth to fall if the selling pressure continues in the crypto market.
Technically speaking, since 10th November ATH, we have had lower highs on our chart and clear and strong support in 4k zone.
A fail from the bulls to hold this support could lead to further losses and a new dive to last week's low.
Also, if we consider the pattern from 10th Nov by now a symmetrical triangle, the measured target is around 3k, which also is important horizontal support.
Disclaimer: This is only my opinion and not financial advice. Do your own research before entering a trade based on my analyzes.
ETHUSDETH/USD has seen a steady and rather incremental price recovery this week after last weekend’s decline, but trading this morning is showing signs of value erosion
After almost hitting a price of 4500.00 in early trading this morning, ETH/USD has come off this high water mark not seen since the 3rd of December and slipped slightly. As of this writing, ETH/USD is near the 4360.00 ratio and trading conditions appear rather fast. Important short-term lows are within sight technically. If ETH/USD begins to challenge the 4350.00 to 4340.00 marks this could send a shiver of nervousness within speculators.
Yes, ETH/USD has done well since the bedlam demonstrated late last week took the cryptocurrency to lows that were not anticipated. After recovering from the spike which saw a low value of nearly 34700.00 exhibited, ETH/USD has methodically proven many buyers remain active. However the price action in Ethereum does remain rather volatile and trading just a few days ago demonstrated nervousness remains abundant.
On the 6th of December an early high was reached around 4200.00 only to see ETH/USD plunge to a low of nearly 3925.00. And then only a little while later, ETH/USD was making a high of 4350.00 approximately in the same day. This is where the value of ETH/USD is largely trading now three days later.
Choppy trading conditions are certainly part of the everyday landscape of ETH/USD, but recent tests of the 4000.00 psychological juncture is likely causing an increased amount of speculative nervousness. If current price levels are sustained and support near the 4330.00 mark proves vulnerable, ETH/USD may see further bearish movement short term. The broad cryptocurrency market has demonstrated some price declines in the short term, as they have given back some of their winnings made the past few days of trading.
Cautious speculators who are skeptical of ETH/USD upwards move made recently and believe another retest of lower support levels is going to be exhibited near term cannot be faulted. These conservative traders may want to wait for the 4330.00 to 4300.00 to be tested before igniting their selling positions. Traders who are looking for quick hitting trades, and want to sell after short term reversals higher have challenged resistance can also make a selling wager.
If resistance actually doesn’t prove durable and the 4400.00 to 4420.00 marks are toppled, another test of 4450.00 to 4500.00 could develop in the blink of an eye. Traders need to use their risk management wisely as ETH/USD fights to create a better trend.
Ethereum Short-Term Outlook
Current Resistance: 4400.00
Current Support: 4330.00
High Target: 4500.00
Low Target: 4153.00
Ethereum- New leg down on medium term?After reaching a new ATH around 4.9k, Ethereum got tired and started to consolidate in around 5% range.
A break of this consolidation and the rising trend line came on Monday, and the price tumbled under 4k important figure
Now EthUsd is correcting this drop and a new leg down can follow after this correction.
I'm a seller also in Eth case and I will look for opportunities to enter short above 4300
Eth back above 4.5k would change my bearish opinion
Ethereum- Sell for a break of supportSince the recent 4k top, EthUsd is in a downtrend
In the last 10 days, the cryptocurrency has traded in a range between 3200 and 2750, and, in my opinion, the break will be to the downside.
3200 acts like strong resistance at this point and only price above this figure would mean that the trend has changed
My targets for short selling are 2750 followed by 2300 zone
ETH looking at minor pullback before shooting back upFinally Crypto good days are back.
ETH is also looking good on a 2H chart. It is moving in an upward channel and on the short term it is currently going through minor pull back.
I have highlighted the area of value which could be a good option to go LONG.
It will need to break current Resistance at 3189 before continuing its journey up.