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Ethusdidea

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 $1k level where we have support 3. With the big news like ETH 2.0, the recent dump is quite disappointing. Many altcoins depend on the ETH ecosystem and overall its BTC which drives the market. If both the giant coins like BTC and ETH dip then we can expect the other altcoins to follow. We can't be 100% sure that this is the bottom but we can look at the probability. If ETH is able to hold this support 2 level then we can expect something positive coming in. Until then we better wait for the close. What is thought on ETH? Do you think there is still room for ETH to rally higher than this? Share your ideas with me. If you like this idea then do like and follow for more. Thank you.
COINBASE:ETHUSD
by Dexter_The_Trader
6
ETH/BTC breakdown !ETH / BTC ETH brokedown the important support level against USD today (1700$) which open the way to test 2018 ATH 1 month ago , I sent an alert about the weakness in market you can check here : Today ETH just reached bears target against USD of my previous idea But here in ETH/BTC its looks like there are more room for bears up to 0.04 BTC ! (The confirmation is breakdown of 1400$ and close daily below it ) What do you think about ETH in next few weeks ,Share with us in comments below
Short
by Babenski
18
Still waiting on you New York !!!Decent bullish technicals also here on Ethusdt everything looking good ,but can mean nothing if the dollar skys today. A lot of noise recently about the num 2 crypto ,the world and a few other places expect it to find new moons and maybe a new galaxy. We will see im sure ...Im in here to run a 1:3 long ,have similar on btcusdt.. Please feel free to like coment etc it helps with this thing called learning and earning.. Im not a fanatical finance wiz kid make your own minds up .. My trade just got triggered as i write ....well im in now ..
Long
by investamacker
ETHEREUM: HITTING THE RESISTANCE.Hello traders, Ethereum has rallied 10% so far after getting close to the support level of $1700. It's good to see the market making some greens but we need to be vigilant especially when the market turns green all of a sudden and the RSI is making a similar move (overbought) in all the charts in lower TF. As we can clearly see that ETH is reaching the resistance of $1940 to $1950. With the RSI reaching the overbought zone, it is likely possible that ETH may get rejected soon. On the other hand, if BTC breaks out and sustains the daily close above the resistance then things may take a positive move. Trade safely.
COINBASE:ETHUSDShort
by Dexter_The_Trader
2
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. If you agree with this idea then do hit the like icon and follow for more interesting updates.
COINBASE:ETHUSDLong
by Dexter_The_Trader
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.
COINBASE:ETHUSD
by Dexter_The_Trader
ETHUSDETH/USD is near the 2850.00 price as of this writing. On the 3rd of April Ethereum was trading near the 3580.00 price level, a juncture ETH/USD had not touched since the first week of January. However, after hitting this mid-term high ETH/USD then produced a rather steep downward slope. In fact ETH/USD is now testing values it has not traversed since the middle of March. Ethereum remains a major cryptocurrency in the broad digital market, and its price action certainly causes reactions among its counterparts. While some traders who remain bullish may believe the recent downturn in ETH/USD is fine and a mere overreaction, there are other speculators who are likely looking at Ethereum and wondering if mid-March support levels will falter. ETH/USD is the second biggest cryptocurrency after Bitcoin, and it remains highly speculative. The ability of Ethereum to climb within sight of 3600.00 in early April, only to fall to nearly 2760.00 on the 26th of April is a rather incredible price difference. Traders need to consider not only their risk management tactics, but their emotional fortitude to withstand price volatility. However, most day traders of ETH/USD are not concerned with next week, they are concerned about tomorrow. In many respects the trend must be respected, because while it is easy to look for reversals, actually following the momentum of ETH/USD may be the more logical method of speculating for short term wagers. Technical traders may be looking at current support near the 2800.00 mark and believe if it falters that 2700.00 is a solid target. If April rain does in fact bring May flowers, traders may have reasons to be optimistic and look for upside in ETH/USD, but this is not the weather we are discussing, this is the cryptocurrency landscape. While the move of Ethereum to early April highs was met by a firestorm of selling, the broad digital market also suffered a downturn too. And the long term bearish trend which has dominated the cryptocurrency landscape since November of 2021 has reemerged with a dangerous thrust. If current support levels do not hold and ETH/USD falls through mid-March support, more nervous sentiment can certainly develop. An ominous sign for some technical traders may be the knowledge that February prices of ETH/USD were worse than March lows. A depth of nearly 2300.00 was seen on the 23rd of February. This value is far below mid-March support which is closer to 2550.00 on an averaged basis. However, if these mid-March prices are challenged, February’s lows will come plainly into view and even perhaps price targets for some traders. ETH/USD Outlook for May: Speculative price range for ETH/USD is 2150.00 to 3675.00. Current support levels are dangerous and should be monitored in ETH/USD. If Ethereum fails to sustain upwards momentum and keep its price above the 3000.00 mark for a solid duration, this could cause bearish traders to believe another leg down is going to occur. The next week of trading in ETH/USD is likely going to be volatile because of the nervous sentiment being generated with risk assets globally, such as the NASDAQ 100 stock index. While it may seem farfetched to mention this potential correlation, a look at long term charts of Ethereum and the NASDAQ 100 are worth a glance to gain a perspective regarding behavioral sentiment. If ETH/USD should fall below the 2700.00 mark this could spark more selling. Short term traders should not be overly ambitious and use take profit orders, so they do not suffer from the potential of wicked reversals creating havoc with profits that are not cashed in and are simply made to vanish. If negative sentiment continues in the broad crypto market, ETH/USD could certainly test lower depths. Bullish traders are still within the cryptocurrency sphere for a good reason, they understand reversals higher often occur after wild selloffs to the downside. However, short term buyers should be extremely cautious. The trend lower is not a joke. Momentum upwards should be waited on by more conservative traders before attempting wagers. Perhaps a move above the 3100.00 mark could signal a solid change in direction. Some traders may believe only a move above 3400.00 can be viewed as positive idea for future trend.
COINBASE:ETHUSD
by SmoothJB
1
#ETHUSDT Printing a strong Hammer ! Target $4800+, Here's why..ETH broke out and retested perfectly. Looking at the daily chart, It seems the market is ready to pump from here. DOJI:- If the Doji forms in an uptrend or downtrend, this is normally seen as significant, as it is a signal that the buyers are losing conviction when formed in an uptrend and a signal that sellers are losing conviction if seen in a downtrend. All we need is daily to close with a beautiful hammer. The potential target for the pattern will be somewhere around $4k. Suggested the best buying range around this level in my last chart. SUGGESTED ACTION:- Although you should always DYOR, This is what I will do, Though I already spot longed on ETH, For leverage positions, I'll wait for a strong DOJI close above the trendline and open a long around $2800 to $2920.Aggressive entry in case ETH takes over both 21D and 50D MA daily. SL:- I will close my long in case we break and close below $2677. This is a good trade setup giving us 1:8+ RR which is amazing. INVALIDATION:- Close below the black support trendline will invalidate the chart. Let me know what you think. DO hit the like button and share your views in the comment section. Thank you #PEACE
Long
by Cryptorphic
4