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Ethusdtshort

Eth weekly divergence MACDThe previous swing on weekly from may till Latest swing of November the price has shown upside while the MACD showing loose momentum . The white dotted line will be acting as supports Based on shorter time frame trades can be executed on price action basis . As this analysis is done only on weekly chart the following trade plan might take time to activate . Conclusions : eth looks sightly bearish for me no fresh longs will be avoided Shorts position will be based on lower time frame Happy trading
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by Jimmy_Rebello
4
ETH/USDT 4HOURS UPDATE Welcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. I have tried my best to bring the best possible outcome in this chart. ETH broke and bounce from this green line support we are expecting a bounce from this level but we have to wait for a letter bet retest the support level I am bullish on it. let's see how the daily candle closes. What's your thought on this? Do hit the like button if you like this update and share your views in the comment section.
by CRYPTOMOJO_TA
1
Ethereum to break supportAs in Bitcoin's case, bulls don't have reasons to be happy at all... After the recent drop under 3k, Eth started to correct, but this rally was short-lived and very well capped at 3.4k. A double top has formed here and now we are sitting exactly on the neckline's support. A break here looks imminent and the cryptocurrency can accelerate losses to 3k again Also, a continuation to the downside will confirm that a lower high is in place and EthUsd can drop to very important 2750 support Sell rallies can be a winning strategy for this crypto and only price above 3400 would negate this scenario.
BITSTAMP:ETHUSDShort
by Mihai_Iacob
6
ETHUSDT ANALYSIS SHORT Theres a few things I like about the technicals main one being that we are in a nice correction channel. I understand the longer the corrrection the more mometum is built to push price to new highs. (think of it like a sling shot) 2. massive wick created in early december was filled yesterday and price violated today 3. Fib ext correlates with the bottom of the channel I am interest to see whether this will hold. If it does not hold then it will for sure reach the order block and create a double bottom aka W formation.
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by MrLegacyShift
ETHUSDSpeculative nervousness remains rather loud within the cryptocurrency landscape. ETH/USD has been fighting for higher value, but headwinds continue to incrementally lower resistance levels in the short term. Technically, ETH/USD appears to be within a slow moving bearish trend, but traders should not be fooled by charts into believing volatility has disappeared. ETH/USD traded at a high of nearly 3888.00 yesterday, this before declining again and falling to around 3755.00. Reversals remain a strong theme with ETH/USD. While brief movements upwards are being demonstrated, the cryptocurrency seemingly has found it difficult to break resistance levels which can change behavioral sentiment in a strong manner. Major counterparts of Ethereum are also finding it difficult to gain traction higher in recent trading. The inability of ETH/USD to sustain a solid move upwards continues to indicate additional bearish momentum will be experienced. On the 3rd of January, ETH/USD did fall to nearly 3675.00, but a bounce higher was certainly produced which resulted in yesterday’s apex. An intriguing sign within ETH/USD is that the cryptocurrency has struggled to maintain value over the 3900.00 juncture in the past week of trading. On the 27th of December ETH/USD was around the 4125.00 vicinity when a violent selloff took place. On the 28th of December, ETH/USD struggled around the 3900.00 range, but then suffered another selloff which saw its value fall to a low of nearly 3775.00 on that day. Since then ETH/USD has actually produced a price range which has been lower. Lows testing the 3610.00 level have been produced a couple of times since the 29th of December. While the low of ‘only’ 3685.00 was made on the 3rd of January, it is troubling that ETH/USD remains within sight of depths which were last sincerely traded in October of 2021. Current resistance should be watched around the 3840.00 level. If this nearby barrier higher remains durable it could cause further nervousness and spark aggressive selling positions. ETH/USD has the ability to be volatile. Spikes can certainly take place which serve as a strong counterpunch. Conservative speculators who want to sell ETH/USD should use stop loss orders to protect against the potential of sudden bursts higher. However, short-term traders may be making the correct wager by looking to sell ETH/USD and aiming for support levels as take profit targets. If ETH/USD falls below 3800.00 and sustains values below, the cryptocurrency could traverse lower and test depths seen only a couple of days ago. Ethereum Short-Term Outlook Current Resistance: 3856.00 Current Support: 3771.00 High Target: 3902.00 Low Target: 3645.00
BITSTAMP:ETHUSDShort
by SmoothJB
ETH Will go down to $3800?1- According to 3D timeframe chart, it shows sellers are strong and price could go down even more to first support which is $3800. If price can hold this strong support we can hope the uptrend is still powerful. 2- In addition to Fibonacci support and resistance another proof for this idea would be MA20. As you see price can hit the MA20 on the $3800 area. 3- There is no hidden divergence to proof this is the end of correction. 4- No big volume shows it's not a liquidation for another uptrend yet. -------------------------------------------------------------------------------------- P.S. This is not an advice to buy or sell, that's just an analysis that needs to considered too. Always make your analysis before a trade.
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by farzinfaddy
5
ETHUSDT : Bearish ScenarioPeople been talking about how ETH is one of the best, if not the best performing coin in the month of December . Well lets take a look😄 Clearly, the trend is moving downward/bearish as seen on the Lower High structure formed inside the bearish descending triangle and downtrend channel. We can see that ETH is closely related to BTC in terms of price action and pattern. I don't see any reason to be bullish for now, that is until it breaks out the triangle.
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by TheCryptorexx
3