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Ethereum pullback to 2K??!Ethereum looks like we are going to see a pullback to 2K before we start moving back up again. We saw a break of the 0.5 FIB level and our next major support is just over 2K. We see the MACD has been very jagged recently with multiple bullish and bearish crosses and now we are just seeing the start of another bearish cross. It seems like ETH wants to start moving up but is being held down by BTC just like most of the market. very rare to see a 2 green bar cycle on the macd histogram that's why i think we are being held down. Also something very crucial to watch is that bottom bollinger band we are creeping closer and closer to that bottom band and if we do start riding it we could be in for a significant pullback maybe even lower than 2K. But i personally will see this as a great buying opportunity and will look to grab some more. And we all know the strength of ETH we have already witnessed it earlier in this cycle! Now the RSI does seem to be getting stuck below that 50. point midline and we keep seeing bounces off of it and i wouldn't be surprised if we see another. Remember only when we see a full break above this level and a confirmed hold will ETH be considered in a uptrend. So as we continue like this just like 99.9% of the market we are in a confirmed downtrend and or a mini bear market. I dont think this bullrun is over at all i believe we are just seeing a cooldown with big institutional money flowing into these projects but thats just my opinion! Not financial advice!
BITSTAMP:ETHUSDShort
by JacobR905
1
ETH and Altcoin takeoff??!!Ethereum has been steadily rising and slightly going sideways after our big recent correction and has been consistently been creating higher lows and has formed a ascending triangle(bullish) and overall looks very very healthy and primed for a next big move upwards! We are approaching the top and apex of this ascending triangle and i think we will see a nice breakout in the coming days (BTC is a factor keep in mind). We are seeing similar low volume like BTC but we all know that can change in the blink of an eye. Looking at the MACD we did recently get a bullish cross but movement has been pretty stagnent with our histogram only slightly printing larger bars. This can change if we start seeing some separation with the blue and orange MA aswell as some upwards movement, and aslong as they don't cross bearish we are looking great short term! the RSI aswell is in a compressed ascending triangle pushing up towards the Apex and the 50. point midline, feels like we will see a strong push through the 50. and then continue up and get ourselves into a confirmed uptrend which we haven't seen in a months time, lots does factor on BTC but we are looking good as of right now. Also want to shed some light on EIP 1559 which is set to launch in 45 days! this upgrade imo will work wonders for Ethereum as with every single transaction some ETH will be burned, i highly suggest researching this as imo will be huge, just think, slowly decreasing supply with either the same demand or greater demand! NFA Just my opinion!
BITSTAMP:ETHUSDLong
by JacobR905
New ATH for ETH??!ETH has been performing very solid over the last few days, I'm looking for a close tonight above the 0.7 FIB level. If we do secure this level at daily close i think we will start to see a nice run upto our ATH and beyond! Even if we don't hold this level today my opinion stays the same just on a longer TF, also BTC is a factor. The MACD looks very good we flipped bullish recently and are begging to spread out! I think we are going to see a uptrend continuation on the RSI, we aren't quite in oversold areas yet and have room to push higher. Aswell the Stoch RSI is shooting up approaching the oversold zone but we could definitely see it hang around up there for a couple days. I expect April to be a strong month for crypto in general after a shaky march, we are about to enter historically one of the best months for BTC!
BITSTAMP:ETHUSDLong
by JacobR905
ETH short-midterm price targetAs we can see, currently ETH price is in a descending triangle and it has the potential to go lower, the next price target for ETH is $255. There are many confluence at this level. Firstly, it is the base area that will become a strong support for ETH. Moreover, it is the 1.618 Fibonacci extension level, and lastly, this target will also be the end of the harmonic impulse wave which ends at 0.886 fib retracement. However, in the short term, ideally, the will be another 3 swings before the descending pattern breaks.
BYBIT:ETHUSD.PShort
by Felgenhauer