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
Ethusdlong
Eth update (2) after breakoutAfter breakout scenario
It has created a triple top
+
Rsi falling, kinda of divergence (following at as of 1 h tf)
50 ema could be bounce back
3250 probably next support after 50 ema
If it stay within 3250-3360 it's neutral if it breaks and start going down it can set major laggard
As it can turn into bull trap situation
Fresh opening if it indicates bullish pressure on 3250 lvl
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
Eth consolidation Eth breakout from flag pattern
Consolidation at resistance
Expecting breakout or further move
From start of next week
Resistance lvl of 3290 is tested thrice already
Bears seems to be fading
Incase of uncertainty down side support 1 cannbe 3200 thereafter 3160-3120 zone
Trend rider only, not opening fresh position
As risk to reward won't be favorable
Happy weekend, happy trading
Ethereum Follow The Bulling PATH!Hello IWealth Here, I have been Trading and Teaching for 7 years. and im happy to share my idea that could help you in the crypto space.
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Ethereum is riding up this yellow trend line nicely, If we do have a pullback the next support is around 2400-2600 ! If we can hold I expect 3500 level to break through and going for 4000+
Update: ETHUSD Swing Currently 53%, 9% Gain to Target 🎯 Update: ETHUSD Swing Opportunity Currently 53%, 9% Gain to Target 🎯 @ $3,617. See previous analysis below. Happy Trading :)
Update 10/08/2021: ETHUSD Currently 6% In Profit 12% Target 🎯 Now 44% in profit from the 13 EMA 50 SMA crossover. Next target @ $3617 and new ATH @ 4804 before October.
ETH/USD Will eth hit a new price ceiling by the end of the year?Are we still in the middle of the road, can we see more price? I have to say yes, my forecast is $ 6,000 to $ 8,000 by the end of the year. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
ETH updateI decided to update you also on ETH the king of the alts. Eth seems a little more prime then BTC to start moving up. As you can see is now trading in an ascending channel, this is also a bearish formation, however bullish till the lower support is broken. I believe eth will move its way up to 3500, there it will be interesting to see if it will form a whipsaw and push to the 3800 level before to retrace back down to 2800 and possibly 2400. To appreciate the flag ETH formed in the RSI, if the momentum will break upward then we should have a nice acceleration up, the opposite is also true.
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