Ethereum (ETH) is a decentralized blockchain network that hosts the cryptocurrency Ether, which acts as a 'fuel' for decentralized apps on the network. Since it launched in 2015, Ether has quickly rivalled Bitcoin as one of the world's most valuable cryptocurrencies in terms of market capitalization. The chart gives a full picture of the ETH/USD live price. You...
Taking a look at the #Ethereum daily timeframe, we are still potentially forming this massive falling wedge pattern because as of right now, the price has not yet confirmed the break either below the line or above its resistance line. The line of support is sitting at around 2890, so also right around that 2.9K level, which is an important level on the chart, and...
Dear Traders, Price have rejected earlier than we analysed in our last idea on ETHUSDT, however, the bias remain the same. We are still looking at the area of $2600 and if is possible then we can also target the lowest which will be $2400. The price have shown us a strong bearish momentum, and due to that reason only, we believe price is continue to drop in...
Today's wave analysis based on #ETHUSDT The only open question, at least for us, is whether the A-B-C correction within the 4th wave has already been completed or not. ↗️ If it has, then buyers should not allow the price of CRYPTOCAP:ETH to fall below $2925 and, accordingly, continue to grow according to the blue scenario. ↘️ If it hasn't ended yet, then...
The recent surge in the cryptocurrency market has resulted in a record high for Crypto, leaving a liquidity gap in its wake. Current price behavior indicates a strong possibility of a significant correction in the near future. Therefore, we have identified two potential entry points for a short position on ETHUSDT. Please monitor the price closely and consider...
Introduction: In this technical analysis report, we will delve into the current market conditions of Ethereum (ETH/USD) and provide insights based on the formation of an Anti-Gartley Harmonic Pattern (XABCD). Our analysis aims to guide traders in making informed decisions regarding entry points, stop-loss levels, and potential profit targets. Pattern...
#ETH UPDATE #Ethererum breaks this symmetrical triangle pattern and is currently retesting, if it retests the pattern successfully, then technically we can expect a 40% bounce from here as per the pattern. Stay tuned, I will keep updating as always.
BINANCE:ETHUSDT breaks out of the H4 resistance @3643.71 area. A rejection of same zone upon retest will signify a good entry for a long position. Immediate targets will be at 4071 and the all time high @4857.68. This does not mean there may not be some deeper pull back, I will however be looking to buy the dips. A rejection of the previous resistance forming a...
Ethereum’s (ETH) temporary and cost-effective memory segments, or blobs, are being plagued by inscriptions. Nearly 40% of blobs are being utilized by text or image storage inscriptions, popular as Blobscriptions. The arrival of blobscriptions on the Ethereum sees rise in Ordinal-like inscriptions Data from crypto intelligence platform Dune Analytics shows that...
BINANCE:ETHUSDT COINBASE:ETHUSD Hello traders. Ethereum has a bullish guard above the current support. Volume management and a risk-free strategy are very important in this setup. Bollinger band midline movement can help you manage your risk. The divergence of the indicators is shown in the chart.
BINANCE:ETHUSDT Price had left strong wick rejection and has show some strong bullish behaviour since last two days. We expecting ETH to hit a new record high which would be between $4500-$5000 which will be our final target before ETH make any major correction, use accurate risk management. There are two scenarios that can happen with ETH, if price decide to...
Here is our global vision of possible the Ethereum price movement in the coming years. On the chart, assumptions according to the Elliot wave analysis The current wave of growth is probably not over yet. But whether it will reach $3000 or $4800, we will be able to adjust it based on the move dynamics of the ETH price in the future. Then will be the correction,...
Price has been extreme bullish since last month, suggesting price to keep strong bullish momentum in upcoming days and month. March is known to be bullish month where many speculated ETH going to hit $5000 mark by end of the march. We think price will do minor correction towards $3100 to $2800 marked area region where price can bounce sharply towards $5000 target...
At the moment we see a pattern forming on the 4H chart of $INDEX:ETHUSD. If the price consolidates below $2 873, the potential targets for the price movement will be $2 787 and $2 724. If the price consolidates above $3 037, the potential price targets will be $3 395 and $3 589.
📈Regarding Ethereum's historical data: - In the first cycle, after the all-time low (ATL), CRYPTOCAP:ETH BITSTAMP:ETHUSD BINANCE:ETHUSDT took 777 days to surpass its previous all-time high (ATH). - If history repeats itself, a new ATH could potentially be reached around 700 days from today, possibly by July 2024. - The last bull run lasted around 1071...
Ethereum is currently encountering a crucial price range between $2370 and $2400, with the lower trendline of this range serving as a formidable resistance. Presently, Ethereum is experiencing rejection at this level, indicating a significant challenge for bullish momentum. For the bulls to gain control and initiate an upward trend, it is essential for...
1h time frame - ETH is creating a potential continuation structure. Also, got support at 0.618 Fibs, which projects target at 3100 in future. Considering the consolidation trend, better to enter while retest critical support in lower time frame. - TP: 3100 SL: 2395
Ethereum Analysis: In terms of the overall outlook, there are indications that suggest a potential cause for concern regarding short-term performance in altcoins. To assess the current situation, it's crucial to keep an eye on the 50-day Moving Average (MA) on the daily chart. Despite the need for caution, Ethereum is presently trading above this MA. This...