₿ ETHUSDT 1D ₿ : 06.Sep.2021 (Update)As we can see, the price has reached the important resistance of 0.618 Fibo projection, and if the price can close above the $ 3948 price, we can expect this rally to continue.
BINANCE:ETHUSDT
⚠️ This Analysis will be updated ...
👤 Arman Shaban
📅 06.Sep.2021
⚠️(DYOR)
Ethusdlong
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.
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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.
ETH Speculative Analysis & TargetSo what I'm thinking here is that ETH is going to head up to all time highs and that is going to become the neckline for some kind of cup & handle pattern. If this actually were to play out the price target would be right about $7k. It just so happens that when you pull the fib from 0 to all time high, the 1.618 perfectly aligns with the target that this pattern would have. Very interesting
Eth pass 4000$ETH weekly candle setup and ema, macds are so good. I think eth breaks all time high at this time
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
Rectangle pattern in Ethereum* Ethereum in 4H time frame forms a Rectangle pattern chart pattern.
* A rectangle pattern appears when the price bonds between two parallel trend-lines opposite to each other, where the lower trend-line works as support and the upper trend-line as resistance.
* Rectangle pattern is a trend continuation pattern.
* In order to continue the bull run Ethereum needs to break the resistance.
* Ethereum is bearish below the support.
🟢 ETHUSDT 1D : (Update) Read The Caption 🟢The price is still fluctuating in this sideway range and does not follow a specific trend, we must note that in this range where the price is currently, there are all kinds of resistances and it will not be easy to break all these .
Personally, I expect the price to rise by 60% and I only give a 40% chance of the price falling.
⚠️ ETHUSDT 1D (Update) ⚠️The price is still fluctuating in this sideway range and does not follow a specific trend, we must note that in this range where the price is currently, there are all kinds of resistances and it will not be easy to break all these . We have to see how the price reacts to the X-Point.
Another dump for ETHUSD or straight up from here? Crypto has been mega bullish lately and the king of altcoins holds its price as other L1 and L2 competitors find astronomical gains in this bull market. From a technical perspective ETHUSD may need another push down to wipe out overzealous longs before it is able to push up to test the all time highs.
BULL CASE
If the bulls find conviction, we think the 4500 levels will be tested and blown through before downward correction to retest it.
BEAR CASE
It might not be economically optimal for market makers to push price up from here. After all their job is not to make everyone rich. We think a correction down to 2920 may be in the plays to liquidate traders before price can find conviction to the upside.
ETH Buy a break setup.Ethereum - Intraday - We look to Buy a break of 3402 (stop at 3333)
Daily signals are bullish.
There is no indication that the rally is coming to an end.
A break of bespoke resistance at 3400, and the move higher is already underway.
We look for gains to be extended today.
Our profit targets will be 3588 and 3648
Resistance: 3400 / 3500 / 3600
Support: 3280 / 3200 / 3100