📊 Ethereum Market Update (on request)
Right now, there’s nothing major happening for Ethereum. It continues to consolidate in a range between the ATH at $4800 and the $3800 level, because of this massive bearish divergeance.
On the daily chart, the MACD is bullish and the Stochastic RSI is supportive, but momentum looks exhausted. There isn’t much conviction in this move. Bitcoin is the real superstar, while Ethereum is fading in its shadow.
From my analysis, we might still have about one more week of growth, potentially pushing to a new ATH — but don’t expect a parabolic rally. This looks more like a technical follow of BTC rather than genuine investor interest.
⚠️ That means the probability is high that we see a dump back below $4000, likely testing $3800 as support.
If bulls regain control and Bitcoin rotation restarts, ETH could resume its rally. Otherwise, we may see deeper consolidation, possibly down to $3400, before finding the energy to push again toward a new ATH.
#Ethereum #ETH #EthereumPrice #Crypto #CryptoNews #CryptoMarket #Bitcoin #BTC #Altcoins #Trading #TechnicalAnalysis #CryptoUpdate #MACD #StochasticRSI #ATH #CryptoTrading #Investing
Right now, there’s nothing major happening for Ethereum. It continues to consolidate in a range between the ATH at $4800 and the $3800 level, because of this massive bearish divergeance.
On the daily chart, the MACD is bullish and the Stochastic RSI is supportive, but momentum looks exhausted. There isn’t much conviction in this move. Bitcoin is the real superstar, while Ethereum is fading in its shadow.
From my analysis, we might still have about one more week of growth, potentially pushing to a new ATH — but don’t expect a parabolic rally. This looks more like a technical follow of BTC rather than genuine investor interest.
⚠️ That means the probability is high that we see a dump back below $4000, likely testing $3800 as support.
If bulls regain control and Bitcoin rotation restarts, ETH could resume its rally. Otherwise, we may see deeper consolidation, possibly down to $3400, before finding the energy to push again toward a new ATH.
#Ethereum #ETH #EthereumPrice #Crypto #CryptoNews #CryptoMarket #Bitcoin #BTC #Altcoins #Trading #TechnicalAnalysis #CryptoUpdate #MACD #StochasticRSI #ATH #CryptoTrading #Investing
Trade closed: target reached
The dip happened to reach exactly my target. Follow me if you think that this idea was useful.
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Update here: 
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Twitter X: x.com/cryptonikkoid
Web: nikkoid.com
I do not answer to private messages. Use the comment section of the idea or script, or use Telegram.
Web: nikkoid.com
I do not answer to private messages. Use the comment section of the idea or script, or use Telegram.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.