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Ethusdlong

Is Ethereum aiming for a new ATH?Ethereum has seen a good recovery over the past 6 to 7 weeks. After creating an ATH, it dipped hard retracing more than 50%. But, then we've seen adoption, institutional interest, and the latest developments which helped ETH price to again bounce back to the current levels. It's trading at around $3940, at the time of writing and is holding the support level at $3826 very well. If it's unable to hold this support level, it might retest the $3000 area before making an upward move. It looks like an easy path for it to see a new ATH if it manages to break the immediate resistance level at about $4000. RSI has again visited the overbought zone, which shows strength and is a good sign to see an upward move. A good place to open a long position would be during the retest of the support level or the breakout of the immediate resistance level. Please do your own research before opening any trade, and use a proper risk management strategy to minimize the chances of any losses. Do let us know in the comment section about your thoughts on this analysis. Follow us for more ideas, scripts, and educational analysis. Happy Trading!
Long
by Tuned_Official
ETH explosionAre you ready for ETH? 3,2,1... Not much to explain here. Volume expanding close to the resistance. 3800 next stop. It has been ranging in a rectangle for a month-ish, I was waiting for this. Watch the altcoins guys as we are going to have some good movers. Remember to look at BTC, as it can drag things down so be careful, use stop losses. FOLLOW ME, SHARE, LIKE IT and COMMENT. I am trying to build a community and I want everyone to have a voice so we can grow together and share ideas for a better future.
BINANCE:ETHUSDLong
by CFcryptoTA
1
ETH will reach ATH's! only if...Hello All, Much to cover for $ETH here is looking like a boss after its double bottom followed by its nice run up and break out of the ascending triangle. ETH will face its next challenge at the black line. Once it closes above that black line (on 2w)... we will see new ATH's!!! The reason: On the 2 week timeframe, that is the most important resistance level to close above to see new highs. Let's not forget about the tools above, we see room for growth on RSI & Stoch RSI is showing bullish momentum but we must hold the 80 level & stay above it for stained momentum. Let me know what you all think.
COINBASE:ETHUSDLong
by Christianv23
ETH Teases Launch To $4,000 As Discussions Balloon Ethereum lifts above stubborn resistance at $3,400, opening a path to $4,000. Social media mentions surrounding ETH spike to levels seen in early August. Ethereum jumped to a 14-week high of $3,484 on Tuesday following a confirmed break above $3,200 on Monday. The gigantic smart contract token swung above the prevalent resistance provided by the 61.8% Fibonacci resistance level, paving the way to a new August high. Ether is trading at $3.415 following a correction from the highs mentioned at the time of writing. The breakout above $3,400 is believed to be the gate pass for Ethereum to rise to $4,000. However, bulls seem to have run out of momentum. All the same, higher support, preferably at the same zone, will keep the upward trajectory intact. Ethereum Sees Spike In Social Volume Ethereum was the best performing major asset in the previous week, according to data analysis platform Skew. Ether beat Bitcoin performs due to the mitigated retreat toward $3,000 as the market trimmed gains. Meanwhile, the rise above $3,400 sparked increased discussions surrounding the largest altcoin. The spike in social volume across platforms like Twitter, Telegram, and crypto subreddits comes after a week of calmness. Data by Santiment shows that the volume hit 4,144, dwarfing the previous high of 3,892, recorded on a 90-day trailing average. Social media mentions give an insight into the interest investors are having toward a crypto asset. The price tends to rally in tandem with increasing social volume. Ethereum is trading above a previously stubborn resistance; thus, with a slight push, it could quickly close the gap to $3,400. The Moving Average Convergence Divergence (MACD) indicator adds credence to the bullish outlook. An incoming buy signal will call more investors into the market, propping Ether for extended action to $4,000. The Relative Strength Index (RSI) shows that Ether is not overbought yet. The neutral position suggests that bulls have plenty of room to explore. As RSI closes the gap to 70, the bullish grip will tighten, bolstering ETH further. Ethereum Intraday Levels Spot rate: $3,435 Trend: Bullish Volatility: Low Resistance: $3,600 Support: $3,400 and $3,200
COINBASE:ETHUSDLong
by CoinGape