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Ethusdlong

ETH Needs This Crucial Level Ahead Of Approach To $4,000 Ethereum is doddering at $3,100 after failing to break the resistance at $3,200. The MACD may call more buyers into the market if Ether confirms a break above $3,200, a move that could bolster ETH toward $4,000. Ethereum moved with its peers on Thursday and managed to reclaim the ground above $3,000. As reported earlier this week, the prominent smart contracts token had plunged to $2,650 amid a highly volatile cryptocurrency market. Ether also extended the bullish leg above $3,100 but stopped before brushing shoulders with $3,200. Bitcoin has also been lethargic in its recovery after testing support at $40,000 this week. The largest cryptocurrency closed the gap to $44,000 but is yet to confirm a breakout above $45,000. Ethereum Must Close Above $3,200 To Validate Upswing To $4,000 The resistance at $3,200 has been a daunting task for the bulls, resulting in a correction toward $3,000. Meanwhile, Ether is teetering at $3,100 at writing as bulls fight to shake off the engulfing selling pressure. Bulls must confirm a break above $3,200 to add credibility to the optimistic narrative eyeing $4,000. Realize that the 50-day Simple Moving Average (SMA) could make it difficult for buyers to achieve their goals quickly. Moreover, the supply zone in red will also hinder ETH from breaking through and lead to another round of losses. The daily chart reveals that the Moving Average Convergence Divergence (MACD) has wallowed in bearish signals since September 7. This technical index afforms the general lethargic picture as it stays in the negative region under the mean line. Traders should lookout for a buy signal in the coming session or days to ascertain the validity of the uptrend. All the sake, trading above $3,200 would hasten the occurrence of the bullish call. On the downside, overhead pressure will soar if Ethereum losses support at $3,000. Investors are likely to sell in masses amid panic that the demand in green could give in to the pressure this time around. It is worth mentioning that the 100-day SMA has cemented the buyer congestion zone while the 200-day SMA currently holds at $2,612. Ethereum Intraday Levels Spot rate: 3,098 Trend: Bearish bias Volatility: Low Support: $3,000 and $2,650 Resistance: $3,200 and $3,600
COINBASE:ETHUSDLong
by CoinGape
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...
BITSTAMP:ETHUSDLong
by EYFMarkets
ETH Slides To $2,650 For The First Time Since Early August Ethereum shakes off weak hands from the market following the freefall to $2,650. The 100-day SMA plays a crucial role, ensuring that ETH does not extend the bearish leg to $2,400. The cryptocurrency market is experiencing a downtrend run amid heightened volatility. Investors have been cautiously bullish, especially with the stock market bleeding in the wake of Evergrade’s, a Chinese property behemoth saga. Ethereum continues with its bearish stretch from the previous week, where it was rejected at $3,679 (data from Coinbase). Most enthusiasts and crypto analysts pointed to $3,000 as the ultimate support. However, over the last 24 hours, Ether made its way to $2,650, levels not seen since early August. Where Is Ethereum Price Headed? The gigantic smart contract token is trading at $2,875 on Wednesday and toward the end of the Asian session. Overhead pressure shot up significantly after Ether lost the support at the red zone on the daily chart. Nonetheless, the 100-day Simple Moving Average (SMA) came in handy, preventing bears from doing more damage. With this support in place, Ethereum has started looking toward recovery above $3,000. It is worth mentioning that if recovery to $3,000 fails, bears may attempt another takeover, this time targeting the green zone near $2,400. The 200-day SMA will also be in line to provide Ethereum with cushioning. The second-largest cryptocurrency would likely dance between the red and the green zones in the coming sessions. Traders can watch out for action past the 50-day SMA to ascertain the validity of the uptrend to $3,600 and later to $4,000. According to the Relative Strength Index (RSI), buyers are gradually regaining control. The uptrend’s strength will soar as the RSI lifts toward the midline and the overbought area. On the downside, holding above the green zone is particularly crucial for Ethereum because immense sell orders could be triggered as panic selling grips investors. If it fails to hold, we can expect ETH to make a comeback at $2,000. Ethereum Intraday Levels Spot rate: $2,868 Trend: Minor bullish bias Volatility: Low Support: The 100-day SMA and $2,400 Resistance: $$3,200 and the 50-day SMA
COINBASE:ETHUSD
by CoinGape
3
ETH/USD & Whole Crypto Market BlastoffHere are 4 or 5 good reasons why I believe we are about to blast off and this dip was to form the "handle" on an ugly looking cup and handle. We bottomed out perfectly at the neckline of the macro W, flawless re-test. That also happens to be the 0.382 golden pocket if you pull a fib from the ATH to the bottom of the W, as well as the 0.682 golden pocket if you pull the fib from the ATH to 0. On top of that we are seeing massive bullish divergences on large time frames, even the 6 hour is showing bullish divergence right now which is super powerful. Call me a moonboy but I'm expecting a huge pump from here
Long
by DigiLex_LLC