ETH Bottom probably not in yetHi everyone,
Looking at the previous bear market I don't believe the bottom is in yet for Ethereum. We are short of a full correction and we need one more deep push down. I am rather surprised because of the bullish sentiment recently on tradingview calling possible bottoms. If you are long enough in crypto you will know that it will go higher than expected in bullmarkets and it will go lower than expected in bear markets. As a matter of fact I think that 1k USD per ETH is a realistic probability while prices are around 1,8k USD per Ethereum. That being said, I don't think we will face a full blown correction lower than that. Overall I think we all will get a fantastic buying oppurtunity when we reach these prices.
In the larger timeframe we will go one more wave higher to complete the structure and eventualy break the previous top of around 4.7k USD per Ethereum. My target is around 10k per Ethereum on the larger timeframe. If we reach these prices it will probably be a gigantic 12 1 elliot wave count. The correction after that will be sudden, horrible and fast. Possible targets are around 0,3k USD per Ethereum.... Stay safe and trade carefully.
The chart speaks for itself, I base my idea on the previous trend lines combined with fibonacci and elliot wave count.
As always this is no financial advise.
Ethusdshort
ETH Short-Term Scalp off Strong SupportHere's a short-term scalp opportunity I'm taking on ETH. This is a terrible looking chart, but ETH is down over 50% since its April high without a single bounce. It's hitting a pretty strong support area around $1800. I think we have at least a short-term rally before the Fed's announce in June which will likely be to raise rates again. This will probably lead to further selling off of all the markets, which is why this is a short-term scalp.
However, if this occurs, I think it will be an unbelievable opportunity to scoop up so very cheap ETH before the Merge upgrade in August. Let's not forget that ETH is one of the only deflationary cryptos out there. It has burned 2.3mil ETH (or $4.2bil) since the EIP-1559 launch last August! Looking at the Fib retracement, it may be wishful thinking to hit $2400 but I'm aiming for the .382 level before the announcement. At least this is my game plan.
ETHEREUM: HITTING THE RESISTANCE.Hello traders, Ethereum has rallied 10% so far after getting close to the support level of $1700. It's good to see the market making some greens but we need to be vigilant especially when the market turns green all of a sudden and the RSI is making a similar move (overbought) in all the charts in lower TF. As we can clearly see that ETH is reaching the resistance of $1940 to $1950. With the RSI reaching the overbought zone, it is likely possible that ETH may get rejected soon.
On the other hand, if BTC breaks out and sustains the daily close above the resistance then things may take a positive move.
Trade safely.
ETH Sell a break of $1900.Ethereum - Intraday - We look to Sell a break of 1898 (stop at 1944)
1901 has been pivotal.
Bespoke support is located at 1900.
A break of bespoke support at 1900, and the move lower is already underway.
Daily signals are bearish.
Our profit targets will be 1782 and 1752
Resistance: 2000 / 2060 / 2100
Support: 1950 / 1900 / 1800
Ethereum Sell a Break Setup.Ethereum - Intraday - We look to Sell a break of 1974 (stop at 2023)
Daily signals are bearish.
There is no clear indication that the downward move is coming to an end.
Broken out of the channel formation to the downside.
1976 has been pivotal.
Our profit targets will be 1851 and 1801
Resistance: 2050 / 2100 / 2150
Support: 1980 / 1950 / 1850
ETH/USDT - Short ScenarioHello Traders!
Ethereum continues to undergo a downtrend. The price has tested the MA100 on the weekly timeframe, the RSI indicator is in the bearish zone.
Given the current state of the market, we can expect the continuation of the devaluation of the asset in search of buyer liquidity.
We may consider shorting the asset in case of price-fixing under the support level of $1960.
It is better to start the new strategy after the price decreases in the area of $1050 - $1230 with the aim of fixing the profits in the range of $1740 - $1960
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
ETH - will go below $1,000This weekly chart shows that the Weekly 20 EMA is about to cross below the 50 EMA, probably in the next few days this week.
So far we've hit all the targets on the weekly chart for ETH.
One more target left which takes us below $1,000 and I am expecting this to hit in the coming weeks.
At the time of writing this ETH is currently being rejected by the 1 Hour 20 EMA as well as being rejected by the 4 Hour 20 EMA.
The 1 Hour RSI is showing over bought and MACD is running out of gas and I am expecting ETH to continue the decline.
CAN ETH SURVIVE THE WINTER!?In my last idea i said its time to do or die for eth.
Eth did it. They survive. Along with many other altcoins.
This doesnt mean we are back to the bull run!
We just survive an important event. Lunacrash.
Blue box below the chart, 1880-1800 price zone, is an important support area.
Price breakdown below yesterday but buyers stepped in around another strong support of 1679.
From there price increased %20 in 24 hours.
But i think upside potential is pretty limited.
Important resistance areas
2152
2342
Yesterday Powell said, they dont promise soft landing and they will fight inflation in every way.
We should expect more money to flee from risky assets.
I would not suprise if ETH surpass BTC in terms of market cap by the end of this decade but even most succesfull companies lose insane amount of value in the last couple of months!
Therefore we should watch before buying in. This areas can be profitable if you invest for the longer term such as 1-2 years.
But right now it is obvious risky markets didnt find their bottom.
It could take months before bottom is formed.
Important support areas
1996
1880
1800
1679
1576
If BTC break below 200 weekly ema which is around 27k, ETH price can broke below 1679 with high volume.
This can cause investor panic and high amount of sellers.
BElow 1679 there are not strong support zones.
Price can test below 1k!
It could take months or even years before we are back to bull market.
Take care!
Follow for more ideas and charts!