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Ethusdlong

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
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.
BITSTAMP:ETHUSDLong
by IkanBilisCapital
7
Ethereum pennant to 6k? Ethereum could be forming a large pennant with an upside target of $6.2k . Path may not be exact, accumulating and staying the course makes sense. Know when the structure is broken and where you could be wrong. We could see a short term pullback to form a cleaner structure of the pennant, with a pennant break out around october november. This is on the assumption that bitcoin maintains integrity with the 30k floor and doesnt form the notorious descending triangle. It could lead to a downside pennant break should bitcoin dictate that, however we would need a bearish catalyst, maybe stock market break down. However since fed have been pushing for rate hikes around 2023 you can assume the bull trend will continue onwards. Historically buying ether around the nov/dec period and selling around may/june has proven to be a rewarding period. Amplify that with some credible alts to potentially outperfom. However, considering how low bitcoin dominance is, it wouldnt surprise me if bitcoin took the lead first and take back some liquidity before the knock offs have their rips again. Good luck.
Long
by TheCheartBreaker
ETH Bulls Run Out Of Options, Breakout To $4,000 In Jeopardy Ethereum price stalls after brushing shoulders with the 61.8% Fibonacci level. Overhead pressure begins to increase amid a looming correction to $3,000. The MACD has a vivid bearish impulse following a sell signal. Ethereum is trading slightly above $3,300 on Tuesday during the Asian session. On Monday, its price action was mainly drab, with bulls unable to crack the resistance at $3,400 to make way to $4,000. Intriguingly, Bitcoin gained some key ground to trade above $50,000. Nonetheless, a correction also looms, with BTC trading marginally below the same key level. Ethereum Price On The Verge Of A Pulldown To $3,000 Following the recovery above $3,300, resistance at $3,600 and $4,000 came in sight. However, these levels are still on the horizon due to a massive barrier at the 61.8% Fibonacci level of the last swing high at $4,400 to a swing low of $1,721. If this hurdle remains intact, bulls will have a big challenge working their way toward $3,600 and $4,000, respectively. Besides, the Moving Average Convergence Divergence (MACD) has a massive bearish outlook. This technical index follows the trend of an asset and calculates its momentum. A retreat to the mean line implies that sellers are gaining traction. The bearish narrative has been accentuated by a recent sell signal presented when the 12-day Exponential Moving Average (EMA) crossed below the 26-day EMA. Meanwhile, support is anticipated at $3,200, enhancing the bulls’ position in the market, thereby resuming Ethereum’s uptrend. Realize that the Relative Strength Index (RSI) gradually moves toward the overbought area, hinting at the bullish grip becoming firmer. A daily close above the 61.8% Fibonacci level would restore the bulls’ power against the bears as they work on the mission to bring down the hurdles at $3,400, $3,600, and $4,000. Realize that the 50 Simple Moving Average (SMA) has crossed above the 100 SMA in the same time frame, validating the potential upward price action. Ethereum Intraday Levels Spot rate: $3,315 Trend: Bearish Volatility: Low Support: $3,200 and $3,000 Resistance: $3,400 and $3,600
COINBASE:ETHUSDShort
by CoinGape
3
ETH/BTC Pair Set to Make New ATH?Ethereum is steadily gaining on BTC. As shown in the chart, we have a lengthy bull flag breakout targeting a move to approximately 0.177 for ETH on the BTC pair. With the EIP-1559 Ethereum burn activated, there have already been over 70,000 Ethereum burned. Couple the deflationary component with Ethereum 2.0 staking, and the ETH circulating supply is going to drastically decrease. I expect an ATH for Ethereum against BTC by end of year. Thanks! - CA$HLESS
Long
by CASHLESSSOCYS
Eth breakout and retestSince few days eth was consolidating and had 3280-3300 as a resistance This lvl has been broken and retested today ! Eth has setup to another move forward If there is no uncertain event Our long target of 3900 is still intact There is no specific stop loss but I'm following daily market structure based on it will look forward to accumulate rather than profit booking The upcoming lvl will be choppy as many trapped retailers will try to get out from higher lvl and getting the cash in hand so it better to be flexible rather than tight stop loss
Long
by Jimmy_Rebello