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Ethusdidea

ETHEREUM: AT THE RESISTANCE.Hello traders, welcome to the ETH update. Timeframe: 2 hours. Update: In my previous update, I mentioned two important support levels, $1500 and $1366. After the chart got posted, ETH did bounce back but quickly got rejected from the resistance level, it stayed for a while in the $1500 level but then got further rejected towards the second support level $1366. To be precise, ETH bounced back exactly from $1356, and then you know what happened, the FOMC news and a straight 31.5% pump. Current Scenario: With the recent bounce back and rejection, ETH has formed a new trendline on both sides. The new resistance level is at $1750 and the support is still at $1366 to $1385. At present, ETH is getting rejected from the above-mentioned resistance level. The closes support for ETH is the $1650 where we have the horizontal support and the 21 MA. If ETH has to bounce back then this is good support. A further rejection could be an issue for the bulls. Conclusion: The market is way too green, a short-term correction is needed to maintain the balance. I will update more on this until then trade safely. Thank you.
Short
by Dexter_The_Trader
2
ETHUSDT: Full Medium-term Waves CountI updated plan of the wave levels for ETH. In general, as before, I expect the price decrease within the wave 5 of wave C(of ABC pattern in medium-term wave 4). Locally, the price is probably still in a correction, after which we can expect a renewal of the high, which can be broken by the market-maker on stop-losses for shorts. I also plan to open a short position at the end of the upward move. I had to close the previous short position at breakeven level, because the price did not confirm the downside dynamics. Best Regards, CEO Tornado Capital
Short
by HurricaneCapital
ETHEREUM: HOLDING THE SUPPORT.Hello folks, here's a quick update on ETH. Timeframe: 2 hours. Update: ETH is at the edge of a bounce back or a drop-down. Things are pretty clear and I don't need to explain much. If ETH breaks and closes below $1500 then $1366 would be the next support level. and if it bounces back then ETH will face the 21 MA resistance and then the upper trendline. Conclusion: Be ready for both long and short opportunities. I'll update more on this, until then trade safely.
by Dexter_The_Trader
2
Ethereum Closed below EMA 34In 2 days TF Ethereum closes below EMA 34 is a sign of weakness. Also, This is crypto's first recession. How come we can compare it with the last cycles. We need to keep an open mind and keep looking and the market and see how the chart is making in the process and then only we can play in the market. Save your hard-earned money folks. Most of us are struggling here to make a good living out of it. If you can afford then DCA is the best option. We don't need to catch the bottom or sell the top. We can stay in between, take our fair share and watch the market players to manipulate.
Short
by The3eyedFrog
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. Thank you.
COINBASE:ETHUSDLong
by Dexter_The_Trader
2
ETH Tp Sl AnalysisWhen we look at all cryptocurrencies in general, almost all of them draw the same graph. Because the analysis of other cryptocurrencies independent of Btc will not give a very accurate result. Considering that other cryptocurrencies move synchronously with btc, it is natural for the charts to resemble each other. In fact, analyzing eth vs is nothing but analyzing btc. If we talk about eth now, we can think that the fib 1.13 level will be a strong resistance on the chart. If this zone is exceeded, it is likely to face a selling reaction from nearby levels. When we try to detect this with fibonacci, we encounter a price like 1430 dollars. He will most likely a pull back from here. I think this price is available to day traders. I believe that the actual pull back will be at $1700 and above. Based on my measurement, I expect fibonacci to accumulation between 2,618 and 3,618. To me, the real sales response will come from these levels. For $1700 and above, you can make a quick measurement and decision using simple indicators like rsi. For example, after the price exceeds $ 1600> rsi >75 cmf> 0.20 adx> 50 will be enough for me to decide on the sale. Note: This is not investment advice.
Long
by CryptoBrainn
ETHEREUM: A BOUNCE CAN BE EXPECTED.Hello traders, I hope you guys are all doing good. Here's a quick update on ETH. Please have a look and trade safely. Timeframe: 4 hours. Update: ETH is forming a rising wedge pattern which technically is a bearish pattern but as it is under the formation, we can expect a rally between $1200 to $1300 followed by the rejection. Breaking down below the lower support trendline will invalidate this chart. Trade setup: Entry between $1033 to $1060. Targets: $1115, $1168, $1221, $1281. Stop Loss: $986. Note: If you are entering this trade then do not forget to use SL. Trade with 5x or 10x leverage and accumulate the dip. Like and follow for more updates. Thank you.
BITSTAMP:ETHUSDLong
by Dexter_The_Trader
ETH Bottom probably not in yetHi everyone, Looking at the previous bear market I don't believe the bottom is in yet for Ethereum. We are short of a full correction and we need one more deep push down. I am rather surprised because of the bullish sentiment recently on tradingview calling possible bottoms. If you are long enough in crypto you will know that it will go higher than expected in bullmarkets and it will go lower than expected in bear markets. As a matter of fact I think that 1k USD per ETH is a realistic probability while prices are around 1,8k USD per Ethereum. That being said, I don't think we will face a full blown correction lower than that. Overall I think we all will get a fantastic buying oppurtunity when we reach these prices. In the larger timeframe we will go one more wave higher to complete the structure and eventualy break the previous top of around 4.7k USD per Ethereum. My target is around 10k per Ethereum on the larger timeframe. If we reach these prices it will probably be a gigantic 12 1 elliot wave count. The correction after that will be sudden, horrible and fast. Possible targets are around 0,3k USD per Ethereum.... Stay safe and trade carefully. The chart speaks for itself, I base my idea on the previous trend lines combined with fibonacci and elliot wave count. As always this is no financial advise.
BITSTAMP:ETHUSDShort
by HodlCrypot