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Ethusdidea

Ethereum- 2600 is my target for this correctionIn my yesterday's comment I said that under 2.4k, Ethereum can be a good buy for traders that wants to speculate on a correction. After 2 dips under this figure, EthUsd has recovered nicely and has made a series of higher lows and the low TF chart shows an ascending triangle pattern. The crypto is trading now in the resistance of this pattern and a break up can occur. My target for this correction (Yes, so far is just correction) is 2.6k with negation under 2.3 Best of luck! Mihai Iacob
BITSTAMP:ETHUSDLong
by Mihai_Iacob
9
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
ETHEREUM NEAR FUTURE PREDICTION(1HChart)Technical Analysis Summary ETH/USDT TREND ANALYSIS We have 2 Downtrend in red color (Long Term and internal) We have 2 Uptrend in green color (Internal Uptrend and long term uptrend) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). The Yellow SUPPORT and RESISTANCE Levels are levels already tested and are not an entry level I added it only for explanation purposes to show my strategy. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
BINANCE:ETHUSD.P
by husseindergham