Ethereum to break higher?Ethereum - 24h expiry - We look to Buy a break of 1743 (stop at 1703)
Our short term bias remains positive.
1738 has been pivotal.
A break of the recent high at 1738 should result in a further move higher.
We look for gains to be extended today.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 1843 and 1863
Resistance: 1700 / 1738 / 1750
Support: 1680 / 1665 / 1645
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Ethusdlong
ETHEREUM: Price EXPLODE in the last Hours - $2000 TargetThis year has started off well for crypto investors, with many cryptocurrencies rising in value in recent weeks.
After falling nearly 68% last year, Ethereum is now up more than 26% in 2023. This rise is encouraging for investors, implying that the worst-case scenario of this crypto-winter may be in the rearview mirror.
Ethereum was recently priced at slightly less than $1,500 per token. However, many investors are optimistic about its prospects, and it is possible that it will rise above $2,000. Does this imply that now is a good time to buy?
The cryptocurrency market remains largely speculative. Nobody knows what its future holds, or even if it will exist in a decade or two. So, when deciding where to invest, consider the cryptocurrency's long-term potential.
Ethereum is currently one of the most promising cryptocurrency investments. It has a distinct set of benefits, which include:
Ethereum was launched in 2015, years before competitors such as Solana, Cardano, and Avalanche. It contributed to it becoming one of the most widely used blockchains in the cryptocurrency industry.
Ethereum is also the most popular network for decentralized applications (dApps), such as DeFi projects, NFT markets, and the metaverse. It is also an open-source blockchain, which means that developers can build new projects on it. If any of these projects succeed, Ethereum will only benefit.
Ethereum can also host other cryptocurrencies on its network, and it is home to several well-known projects, including Shiba Inu, Polygon, The Sandbox, and Decentraland. If any cryptocurrency hosted on the Ethereum blockchain becomes successful, Ethereum will benefit.
Ethereum, like any other investment, has drawbacks. For example, the network continues to struggle with slow transaction speeds and high fees, causing users to be dissatisfied.
However, developers are working hard to improve the blockchain. The Merge, the long-awaited 2022 update, went off without a hitch, successfully transitioning Ethereum from a proof-of-work protocol to a proof-of-share protocol. In addition, an upcoming update, Shanghai, will aid in the mining process.
Future Ethereum updates are also expected to improve efficiency and reduce fees, with the most significant of these scheduled for 2023 or 2024.
The decision to invest in Ethereum now will be influenced by a number of factors, including your long-term prospects and risk tolerance.
Again, all cryptocurrencies are still purely speculative at the moment, so despite Ethereum's advantages, there is no guarantee that the sector as a whole will thrive in the long run. However, if you believe in Ethereum's potential and are willing to take the risk, now is an excellent time to invest.
However, before you invest, check your finances and your overall portfolio. Ethereum is no exception to the rule that cryptocurrencies are notoriously volatile. Don't invest anything you can't afford to lose, and make sure you're willing to keep your money invested for a long time. Also, expect more volatility in the short term.
Additionally, ensure that the rest of your portfolio is well-diversified. This will help protect your savings in the event that your cryptocurrency investments fail.
Ethereum can be an excellent long-term investment, but there are no guarantees in the world of cryptocurrencies. It will be easier to decide if this investment is right for you if you assess your risk tolerance.
#ETHUSD- PROBABLY THE BEST TIME TO INVEST!!ETHEREUM long term bias is bullish due to many reason one of the crucial reason is price momentum have changed, already touched the lowest level as crypto crashed, price is currently in process of making big bullish impulses so let's not miss it out on it!!
Good Luck and Show support by Following and Liking our Ideas!!
Ethereum -> The Beginning Of The Next BullrunHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
From a weekly perspective Ethereum and the whole crypto market is looking like it is potentially slowly starting the beginning of the next crypto-cycle.
On Ethereum specifically it seems like the market just wants to head higher and create a very bullish long term double bottom, before then eventually starting a short term correction to the downside.
On the daily timeframe I am now just waiting for an opportunity to enter a long postition, however the market is currently testing previous resistance which is turned resistance once again, so I am just waiting for a break above the zone, followed by a retest and then there is a high probability that we will actually see the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Ethereum's game changer moment 1.1.2023March 2020 to Jan 2023 support trend-line confirmed recently with another bounce of higher lows.
Highlighted on chart previous times we've had the support tested since March 2020, rally which followed was aggressive and substantial.
1) August 2020 to April 2021 - $4,054 gain per coin, 1012% increase.
2) June to August 2022 - $1,100 gain per coin, 120% increase.
3) October to November 2022 - $588 gain per coin, 53% increase.
Most recently support was tested December 20th and since gained about $50 per coin from the low, confirming the big picture support to be relevant.
Connecting highs since the ATH November 2021 at $4,800 per coin show resistance to be around $1,426.
Connecting lows since the low of $93 per coin back March 2020 show support to be around $1,050.
The pattern which is formed is a big triangle consolidation of 3 years - Price currently trades very close to the apex and there could be a breakout above or below mentioned levels within the next quarter.
In my opinion, there's higher potential is for a break up considering higher lows were kept for the entire 3 year period, even through the panic selling caused by FTX and other industry shacking events.
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I encourage you to do your own research, make your own judgement and take cautious decisions keeping in mind trading is speculative and can be unpredictable.
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ETHUSDT probably heading to next weekly resistance at 2500ETHUSDT closed above weekly resistance turned support (1570-1590) last week. This is bullish for the price action.
The next resistance is around 1950 but this wont be able to hold back the price if there is some momentum in the price as this level will not act as a strong resistance this time.
A major resistance at weekly level is at 2500. This will act as a major resistance probably. There is a fair chance that the price in this run will test this resistance at around 2500.
#Ethereum - Thoughts out loud #7Good afternoon, dear colleagues!
I am glad to welcome everyone who wants to familiarize themselves with my vision of the current situation on this instrument.
Is such a deal possible, what do you think? Leave your opinion in the comments.
Dear colleagues, I sincerely thank you all for your attention and wish you all success!
And remember one thing:
"sometimes you win, sometimes you learn".
ETH ETHEREUM 4 HOUR CHART Price Analysis Hello! Here's my eye on Ethereum on the 4-hour chart.
ETH MUST hold the support zone #1 if It wants to go up
IF ETH loses Support ZONE #1 and the current trendline, It will most likely go DOWN and test SUPPORT ZONE #2 1374-1437.
IF ETH can hold this SUPPORT ZONE It will go back up and test the top end of RESISTANCE ZONE#1 1607.
From here the next Resistance zone target would be around the 1669 LVL Then 1713 LVL from here.
I'm Neither Bullish nor Bearish on this COIN. Just showing some possibilities on the outcome of ETH in my opinion in the next coming days!
Please Comment or Like if you enjoyed this guys :)
Have an amazing day!
ETHUSDT LONG Setup!!ETHUSDT (1h Chart) Technical analysis
ETHUSDT (1h Chart) Currently trading at $1638
Buy level: Above $1640
Stop loss: Below $1582
TP1: $1662
TP2: $1681
TP3: $1780
TP4: $1850
Max Leverage 3x
Always keep Stop loss
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ETH/USDT :: Everything is ready for a purchase !?ETH/USDT :::
The resistance line (orange line) has been broken and there is a possibility of returning to stabilize itself (price).
The middle line of the channel plays the role of the current resistance, so the possibility of corrective movements increases.
The price has had appropriate collisions in the channel, and the last collision occurred at the bottom of the channel, which determines the next destination in the upper range of the middle line .
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ETHERIUM 1HOURLY NEAR FUTURE ANALYSISTechnical Analysis Summary
ETH/USDT
TREND ANALYSIS
We have 1 Downtrend in red color (Short Term).
We have 1 Uptrend in green color Internal Trend (Long Term)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White levels Levels are very tight stop losses that could be used in high leverage future trading.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
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ETH/USDT :: Update the previous idea .ETH/USDT :::
As it was said, the price reached the ceiling of the channel and turned the resistances in front of it into support. Now it is time for it to return to the ceiling of the channel once again to stabilize {this is possible}, but in general, the position is for the price to rise. It has been created properly .
#Ethereum - thoughts out loud #4 Good afternoon, dear colleagues!
I am glad to welcome everyone and wish you to get acquainted with my vision of the current situation on this instrument.
I expect purchases to resume in the price range of 1455-1475.
If the instrument shows weakness, I expect further depreciation of the instrument to the price of 1414.
The price has come to a strong resistance level. We are watching the continuation and making successful decisions
Dear colleagues, I sincerely thank you all for your attention and wish success to everyone!
And remember one thing:
"sometimes you win/sometimes you learn"