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
Ethusdforecast
ETH READY TO PUMP HIGHER?1/4 Hour ETHUSD trend analysis
- ETH might be going through its correction (whale want dip at lower price)
- Minor drop to 1 Hour Demand Zone, may short if LPSY formed
- Or wait for price hits 1 Hour Demand Zone and Long
- Take profit when it hits 1Hour Supply Zone ( could wait for signs showing Supply Zone mitigation played out, or else, partial it and see if it will push up higher) It might pump to new high if Supply Zone mitigation failed
OR
- If Supply Zone has been mitigated, signs shows price drop (based on structure, wyckoff and more price action confluences), Short it
- Take profit at Long Wick, whale might want to push it to the previous long wick and close their previous short order
- If price action shows long confluences, long it and take profit at new supply zone
- If it mitigates the supply zone and drop, short it and take profit at 4 Hour Demand Zone or it might pump to new high
- Once the price hits the 4 Hour Major Demand Zone, wait for price action confluences shows whale is ready to pump up after psuhing price up and down to clear liquidity, collect orders, dip at lower price
-the 4 Hour Major Demand Zone is crucial point for the pump up
ETH/USD RALLIES TO NEW ALL TIME HIGH At $4867Ethereum (ETH/USD) extended its very bullish performance early in the Asian session as the pair appreciated to the 4867.81 area after trading as low as the 4655 area during yesterday’s Asian session, with the intraday high representing a new lifetime high. The interday low represented a test of the 100-hour simple moving average, and also represented a test of the 38.2% retracement of the recent appreciating range from 4329.21 to 4824.54. Stops were recently elected above the 4633.03 area during the upward range expansion, a previous upside price objective related to buying pressure around the 3643 area.
Stops were recently elected above the 4633.03 area during the upward range expansion, a previous upside price objective related to buying pressure around the 3643 area in October. Additional upside price objectives include the 4895.12, 5035.94, 5060.87, and 5268.46 areas. Following the recent appreciation, downside price retracement levels and areas of potential technical support include the 4617, 4478, 4365, 4253, 4114, and 4093 levels. Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly).
Price activity is nearest the 50-bar MA (4-hourly) at 4606.48 and the 50-bar MA (Hourly) at 4772.48.
Technical Support is expected around 3515.25/ 3375.24/ 3235.23 with Stops expected below.
Technical Resistance is expected around 4895.12/ 5035.94/ 5060.87 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
ETH/USD LONG SETUP(INVERSE H&S PATTERN)
Ethereum (ETH/USD) remained on the defensive early in the Asian session as the pair continued to orbit the 4250 level after establishing a series of lower highs following its recent new all-time high around the 4461.96 area. Stops were recently elected below the 4175.51 area during the pullback, representing the 50% retracement of the recent appreciating range from 3889.05 to 4461.96. ETH/USD finished October with monthly gains exceeding 40%, and year-to-date gains exceeding 475%. If ETH/USD regains a bid, some upside retracement levels include the 4408.87 and 4413.82 areas.
Additional upside price objectives include the 4491.60, 4504.01, 4523.05, 4633.03, 4793.70, 4895.12, 5035.94, 5060.87, and 5268.46 areas. Following the recent appreciation, downside price retracement levels and areas of potential technical support include the 4025, 3818, 3762, 3550, 3428, 3338, 3113, 3075, and 3035 levels. Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly).
Price activity is nearest the 50-bar MA (4-hourly) at 4201.38 and the 200-bar MA (Hourly) at 4202.50.
Technical Support is expected around 3515.25/ 3375.24/ 3235.23 with Stops expected below.
Technical Resistance is expected around 4518.94/ 4633.03/ 4793.70 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
ETH - My view, going to be parabolic?Hello Friends,
Was analyzing ETHUSDT, Very Interesting. Thought to share it with you.
ETH on a nice uptrend channel, forming new ATH.
I see couple of scenarios 1) Cup and Handle, breakout : Target : 6300
2) Channel top scenario : Could be around 18000$
I will explore with channel top scenario in future and keep you posted.
Have fund and enjoy the ride.
ETH/USD LONG SET UP TO NEW ALL TIME HIGHEthereum (ETH/USD) expanded its recent upside range early in the Asian session as the pair exhibited improving technical sentiment following the break of a recent relative high around the 4030.35 level. Stops were elected above some upside price objectives during the climb higher including the 4003.24 and 4151.87 areas, levels related to buying pressure that recently emerged around the 3373.45 level. Additional upside price objectives include the 4318, 4335, 4490, 4504, 4523, 4793, and 4893 levels.
Following the recent appreciation, downside price retracement levels and areas of potential technical support include the 3688, 3515, 3375, 3235, 3082, and 3035 levels. Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly).
Price activity is nearest the 50-bar MA (4-hourly) at 3794.86 and the 50-bar MA (Hourly) at 3908.54.
Technical Support is expected around 4000/ 3800/ 3700/ 3515.25/ 3375.24/ 3235.23 with Stops expected below.
Technical Resistance is expected around 4384.43/ 4518.94/ 4633.03/ 4840/ 5000 with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
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
ETHUSD IdeaG'day, The Next Crypto Millionaire
Today I am gonna analyse ETHUSD (Ethereum).
Based on current market conditions, its clearly showing that an uptrend rally formed after completing the correction market structure. The yellow box I personally, considered as a Critical zone for market direction confirmations, either price actions direction will be fulfilled.
For now, I am expecting price heading for swap zone/supply zone before big traders conducting profit-taking. This is normally happening for day traders taking profit on every position, pushing the price for consolidations structure before continuing rally by targeting previous high.
From a fundamental perspective, I am expecting ETHUSD to reach the $5000/ETH price tag. This prediction is based on upcoming ETH 2.0 blockchains implementations to reduce the transaction fee which is also known as Gas Fee / Network Fee. Which is currently, too expensive for traders specially Staker Investor.
Let's see what gonna happens next. Stay Tune...
ETHUSD IdeaG'day Guys
Today we gonna analyse No 2 Crypto that currently receive a huge market transaction every day.
Based on an analysis of technical and fundamental current market conditions, I am seeing this pair entering the consolidation phase. I predicted ETH retracing entering on 50% Fibo levels around 2600 / ETH. From here we clearly gonna see the market structure completed before continuing the uptrend rally.
This movement might be happening within Sept & October depending on the new release from ETH founder that possible pushing this pair as high as 5000 / ETH. What we gonna do here is, shorting this pair with minimum Stop Loss with 1:5 risk and reward.
Always trade with risk management, I believe everyone knows Crypto world market movement has huge different with others instrument. High volatility market is High risk with Huge Return. Low Risk Low Return.
Let's see what happens next.. Cheers
ETHUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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 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.
Another ETHEREUM AnalysisAll signs point to 20k
I know it sounds ridiculous, but consider it.
Pull a 2017 Bitcoin.
ETHUSD's first bull run pushed it up 23000%
Assume this occurs again
This places the price at just above 20k
With structural similarities, volume rising, and beautiful fundamentals. I wouldn't doubt it.
ETHBTC is displaying dangerously bullish signs with the current bullflag formed
It wants to form a channel from this recently acquired bull trend, which I have shown (parallel channel)
For this channel to form a large upward move would be needed, which I have plotted (bars pattern)
Putting ETHBTC at .25 briefly
With BTC also rallying to possibly (80 - 100k)
The price of one Ether would be 20k
Attached are my other popular analyses that also point to this