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Ethusdlong

ETHUSD pushed to Supply ZoneJust a quick update on ETHUSD. You can see from the previous analysis that associated price action pushed all the way to the supply zone and is at a critical decision stage. If price can push through this area (red arrow) and then breakthrough and retest we can see further price levels at previous highs. If the price can't break through the demand zone below is the area that we can expect the price to fall to and even beyond that if bearish overall momentum picks back up steam. *Note - I suggest we wait until we see what PRICE will do and not just hit the hot button. Capital preservation is key. I am not a financial advisor and I can't tell you what to do with your money, but if it were me risking my capital, I would want to be like the Remora that swim under the SHARKS and eat when they eat in the direction that they eat in. Just my two cents.
BITSTAMP:ETHUSDShort
by alldyn_pip_king
ETH Poised For 11% Correction Following Rejection At $2,400 Ethereum price is back to hunting for higher support, preferably above $2,000 following a recent rejection. A rising wedge pattern shows that Ether has started an 11% percent retreat to $2,000. Ethereum is back in the red barely a day after rising to around $2,400. The pioneer smart contract token had led other altcoins into a considerable recovery, gaining ground from $1,730 to nearly $2,400. Perhaps the failure to close the previous day above $2,400 triggered another bearish dominance move as sellers rushed to take profits. At the time of writing, Ethereum teeters at $2,176 in the wake of a 7% loss over the last 24 hours. Ethereum Price Poised For Retreat To $2,000 The massive upswing toward the end of last week and on Monday was remarkable but unsustainable. It seems that fundamentals failed to catch up with the colossal price action, or investors were quick enough to sell the news. Either way, the correction is not unique to Ethereum. Especially with Bitcoin balancing around $36,000 after rising to $40,000 at the beginning of the week. Meanwhile, short-term technical indicators suggest that the correction will continue in the near term. Realize that the Moving Average Convergence Divergence (MACD) has a sell signal on the four-hour chart. The call to sell recently came into the picture as the 12-day exponential moving average (EMA) crossed below the 26-day EMA. The odds for an extended correction could sparkle as the MACD closed the gap to the mean line. A rising wedge pattern formation on the four-hour chart paints a bearish picture; hence the 11% predicted declines. It is worth mentioning that this pattern forms amid an ongoing uptrend and can be short-term or long-term, depending on the time it took to develop. The upper trendline (resistance) and the lower trendline (support) converge as the pattern matures. A surge in volume at the support break functions as validation for the bearish bias, explaining the progressing retreat from $2,400 toward $2,000. The correction target of 11% or $2,000 may fail to occur if Ethereum holds above $2,100. Here, bulls will focus on gaining ground back to $2,400 and later to $3,000. Ethereum Intraday Levels Spot rate: $2,180 Trend: Bearish Volatility: High Support: $2,100 and $2,000 Resistance: $2,400
COINBASE:ETHUSDLong
by CoinGape
1
ETH Triangle Breakout Re-TestRight now ETH is deciding it's fate in the coming months. If we bounce off this re-test and go back up to break 2400 we have a lot of room to the upside. If we break through this downward sloping triangle line and fail the re-test, I'm expecting bearish continuation to the downside. I have a long in at this bottom trendline - keep an eye on this. The third possibility is that we go back up to the 2400 level and get another rejection, therefore forming an M pattern just like last time we were up at these levels. Beware of this possibility and make sure you manage your risk effectively on any trade you take right now
Long
by DigiLex_LLC
ETH ExcitementETH looks ready to move and start the 5th and final leg of the bull market. In my opinion, we have ahead a fun year extending till q2 of 2022. As you can see I layout the different waves from the start of this cycle. The 3rd wave was overextended and the corrective wave, the one we are in now and I suspect it just ended it the perfect EW target of 0.236 retracement of the 3rd wave. Here it comes the real excitement...my final target for ethereum for the last leg up is 20k ish. This is in line with the EW rules for market cycles. Now why I believe we have probably concluded the corrective wave? Because on the daily and 4h timeframe ethereum just formed a classical reversal pattern...DOUBLE BOTTOM. The short term for ethereum is set at 3100...Unfortunately for many of you, as I lay out in my past analysis, you will never see again 2000 USD for eth. Now we need a confirmation of the break of the neckline at 2366. When this will be break then 3100 will be the target (29% profit). I suggest for those of you late to the party wait for a clean break of the neckline and retest before entering, this should be happening in the next day or two. When eth will touch the 3100 I believe it will extend to 3400 before retrace to 2500 (this will be your last opportunity to enter eth). It is gonna be fun...if you have followed me you may now sit on 20% profit already, and now looking at a cool 50% when 3100 will be touched, I will lock some profit at that level and looking to renter at 2500-2600. the first target for the next leg up is 9k for eth and Just remember the final target is 21k, so you are still early! Remember no financial advice, educational purposes only. If you'd like me to check any asset drop a comment
BITSTAMP:ETHUSDLong
by CFcryptoTA