ETH "MERJ"Clear breakout sends $ETH to at least $1400 after the merge, sorry merj.
What's up Ethereum classic community?
ShortEth-merge
Short
Analysis update ETH/USDT in 4Hour🤭Hello, we are back🖐
As we said in the previous Ethereum analysis, with the breaking of the support trend line and the loss of the $1,500 support area, the price will hit the $1,425 & $1,360 level and the volume support area, as you can see, this has happened. Further, by stabilizing the high price of the last pivot formed at the level of 1408 dollars, it is possible to reach the targets of 1500 dollars and 1650 dollars. Otherwise, it is expected to advance to $1,125 and $1,070 as the volume zone is lost.
Arztoday Team🌟
Analyzer✍: AR.Rashidi
Ethereum Ethereum not looking too good. It has found itself in a downtrend since September 11th and has yet to break out.
Price is most likely to see support at $1275 and $1193 levels
However, if both levels are lost, it is likely price will drop to the 78% Fibonacci line, at $1050
ETH/USDT: Turn neutral => 1465 and 1800 (Downside risk active)---- Mid-term Analysis for the next coming 4 weeks to 3 months - Based on Daily Chart -------
ETH/USDT: Turn neutral between 1465 and 1800 (Downside risk active - caution)
Context
- The Global Crypto market leads by BTC and ETH reversed a new bullish trend this summer - however the market is now challenging the capacity to go higher with the test of 1465.
- The global macro remains bearish (Crypto + Stocks market) leads by hawkish ton from central bank and a further inflation risk context
- The Merge was a success but will not allow the network to perform till the sharding update is completed
Previous analysis 09/09/2022 :
Market configuration
- Graphical Elements :
Graphical support = 1465 / 1240 /880
Graphical Resistance = 2170 & 1800
- Mathematical Indicators:
EMA ( Exp Moving averages) are resistance = bearish
RSI indicator (below) is now below 50% with new bearish signal = Bearish (No divergence)
- Elliot & Harmonic Wave (Fibonacci):
A last drop to draw the wave (v) (c) (4) is now completed - the market is now bouncing off in recovery
Fibonacci resistance of the wave = 1800
Fibonacci bullish wave target at 2170 before 2690
Fibonacci bullish wave support at 1465
Fibonacci bearish wave target at 1240 and 1070
Conclusion
Combining the fondamental situation (Global macro fighting against inflation with hawkish ton from FED) + Technical Element , it now hard to find element to call for a further recovery, it is better to protect the gains from the summer and wait for clearer situation
Neutral = We turn neutral between 1465 and 1800, breaking 1465 the market will go directly to 1240 before any possibility of new recovery, we will update the chart once the elements are more precise.
[09/16] Beast Trading _ Today's Bitcoin Analysis Beast Trading _ Today's Bitcoin Analysis
After the Ethereum Merge event yesterday, there was a strong shaking movement up and down, hitting a high point after 16:00, creeping down, and a strong drop occurred after the opening of the Nasdaq.
Bitcoin also fell due to a sharp drop in Ethereum, renewing its low point.
Overall, the stock market situation is judged to be bad.
As the U.S. Cpi index is higher than expected, inflation is not as well set as the Fed's expectations, and the probability of further promoting interest rate hikes is increasing.
After the unexpected increase of 100bp at once appeared, the probability is gradually increasing.
As a result, NASDAQ has entered a downward trend again, breaking 12,000 points, and Bitcoin is also weakening.
Let's take an approach in terms of technical analysis.
First of all, Bitcoin began to plunge with a cpi announcement at 22.8k, and as I said before, that position was in contact with the downward trend from 69k.
Because it was resisted without breaking through that position, it can be seen as a negative situation, and the current movement is considered to be in the trend of declining expansion.
So far, there has been no sign of a rebound, and 19.8k was a support for sale, but it is now acting as a resistance.
If 19.8k falls without penetration, the downward trend is likely to continue.
The support line below will be 19,000, which is 0.886 digits of the previous increase, and 18500 lines, which is the double bottom.
If the downward trend continues and leaves to 18.5k, the probability of renewing the 17.6k low point is very high.
Let's buy and sell with a low point renewal in mind!
Short
SSV Technical Analysis 4 hour timeframe (Merge update)A small update after the merge earlier today:
- SSV broke to the downside before the merge and right after the merge it pumped right back up, with nice volume, above the trendline and got rejected by the .382
- In my opinion we will go into a small accumulation phase where we just go sideways for some time. It would make sense if this accumulation will be between the two blue lines 14.40$ & 16.30$
I'm very bullish on this project on the mid to long term. Wathcing the developments closely.
S
ETHUSD test support before road to 2400The influence of merge activity has already won back its significance, and many people think so. In the short term, we can stay in this triangle, but soon the market will begin to actively close the correction zones.
Long
Ethereum Merge time!Hello Traders
LETS fly!
Ethereum is probably going up on the release.
Everyone talking about a sell the news event, but the sell off happened before the news was release. So its probably fly time.
The 4 Hour candle that have just closed signals that the bulls are in control, and we will probably go up from here
We hit the trend line for a second bounce, and everything looks good from here! Fingers crossed
Enjoy the Merge which happens in less than 10 hours! Lets do this :)
ELong
ETH Post Merge Short to 1100-950$ Area, with Meltdown areaAfter Awful CPI data and projected 100BPS Raise next week the trend continues to be the same
Short
$NVDA: Short it, the death of GPU mining is a nice catalystThe chart here looks perfect for a short in $NVDA, and as a bonus we have #Ethereum transitioning to Proof of Stake for transaction validation, which together with high electricity prices will make GPU mining go extinct overall. I'm short, as part of my long/short stocks portfolio. The other shorts are crypto currently, which are likely the riskiest of all risk on assets, and might act as a nice hedge for other stock longs.
The trend is clear from a technical stand point, and we have many macro headwinds, so I can see the stock plummeting even if index charts stay sideways or not go down as much.
Cheers,
Ivan Labrie.
Short
ETH | Merge was announced on September, 7Hi. Without doubt anybody is awaited when ETH announces it's trendchanging "Merge" announcement. But, if you look the 1D chart it has already happened, to be more accurate, on September 7. Narrow circle of people has decided to go up :).
The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
ETH chart for my buddyMy buddy is playing the MERGE. I think we have topped out. Time will tell. Any thoughts?
Etherum MergeHi there
Finally merge is here! 3 days to GO
what is merge? well, the merge represents the Ethereum network’s shift to proof-of-stake (PoS), its new system (also called a “consensus mechanism”) for authenticating crypto transactions. The new system will replace proof-of-work (PoW), the more power-hungry mechanism pioneered by Bitcoin, but can merge send us to the mewn?
*1K is one the biggest support levels for Eth and any number below that is an opportunity for buyin the dip
*If you check the volumes u will notice that after each huge vol we had jump in terms of price and still its happening too
eth goin to reclaim its 2k level plus don't go over leverage at 1900-2000 level cuz as u noticed many whales goin to stop hunt new traders
what do you think about these four zone volumes?
what coin/token you goin to mine after merge?
Long
SLong
ETH/USDT 1H NEW SETUP 😨Hello Guys💰
This is my new setup.
I should probably open a deal like this, what do you think?
🎲🤨
Short
Possible Dropping Dominance BTC.DThis fractal on the monthly BTC.D chart has the potential to play out--especially if we close the weekly candle below 39.95%.
If the merge ends up being successful and bringing more money back into the altcoin eco-system--mixed with some positive macroeconomic news--there is a big chance for altcoins to have relative gains against Bitcoin. Dominance targets include 33.7% and 27 %.
No guarantee this plays out, but I find it useful to have plans either way.
What do you think?
Not Financial Advice
ETHEREUM - ACCUMULATION IN CHANNELThere is a lot similarities to previous accuulation patterns mainly in huge channels.
ETH loves to double the price since bottom (like 1 - 2 k just in few months from the bottom).
It's possoble we will get quite quick move to the mdian of the channel around 2.7-8 k, big correction there and few months of accumulation when BTC should react much better and btc.d will go to the upside.
It''s just a pattern/scenario, we can still get huge hit to the downside.
Long
Ethereum Path without Merge
Ethereum followed this path before, in the period from January 2021 to November 2021. I believe this is his way back again from $900 in June 2022 to $4,880 in April 2023 or probably sooner, thanks to the #Merge.
Short
CUP AND HANDLE TO SHOOT US TO BEAR MARKET RESISTANCE LINEIf we can hold this level (which has strong support at the 200d MA, we should be able to form this cup and handle breakout back into the $2000's
Long
HOP back to it's all-time-high, as the merge approaches...Nothing overly thought-through, I just think HOP is a) a technically excellent team/protocol, and b) launched at an awful moment (simply bad market luck), and with the upcoming Ethereum merge is destined to... at the *very least*...re-test that initial all-time-high.
Macro economic environment allowing... I reckon the orange line is where we are heading.
Just my idiot, un-infomed opinion. Enjoy sensibly
HLong
ETH/USD Weekly TA Neutral BearishETH/USD Weekly neutral with a bearish bias. *Depending on the outcome of the launch of the Merge (transition from POW to POS) on Ropsten testnet 06/08/22, many in the Ethereum community ( including co-founder Vitalik Buterin ) believe that it could launch on Mainnet by August if the transition is successful... or by September-October if there are any hiccups.* Recommended ratio: 45% ETH, 55% cash. Price is currently formally testing $1944 major support (which coincides with the uptrend line from June 2020); this is a critical support, if broken it will likely lead to a significant drop (at least 25%) down to $1400 and perhaps below. Volume remains moderate and is currently on track to favor sellers for eight consecutive weeks (new Ethereum record). RSI is currently trending down at 34 and is quickly losing support at 37.35 as it aims to test the lower trendline of the descending channel from August 2020 at ~32. Stochastic remains bearish and is currently testing max bottom as it will look to form a trough and attempt to cross over bullish. MACD remains bearish and is currently forming a new ATL at -274.38 with no signs of trough formation. ADX is trending up slightly at 21 as Price continues to fall, this is mildly bearish. If Price is able to defend support here between the uptrend line from June 2020 ($1825) and $1944 major support, the next likely target would be a test of $2361 resistance. However, if Price breaks down below the uptrend line from June 2020 at ~$1825 then it will likely test the lower trendline of the descending channel from October 2021 at $1407 support before potentially heading lower to test the 200 MA at ~$1200 for the first time since July 2020. Mental Stop Loss: (two consecutive closes above) $2000.
