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Ethereumanalysis

ETH Making Gains on BTC!!?Ethereum has been performing very well against BTC in the past months making huge gains in a shorter timeframe and i think we are setting up for another big run coming up soon. With the falling of BTC dominance and the rise of Ethereums dominance we are going to start noticing that Bitcoin is likely going to be making minor moves but more sideways price action while the altcoins start to really outperform against BTC. We are not very far off our previous high set set at .088, and its looking like ETH is gearing up to make some new highs and keep this bullish streak going. Looking at our bollinger bands we are just underneath the midline which is currently resistance, what we want to see happen either in 30 minutes from now or at tomorrows daily close is a strong push up and above this point opening the door for us to reach that top band where then we could trigger a big run upwards. The RSI is looking very good we brokethrough the SMA which is now support for us and aswell as the midline, we got up and above here just recently and that is a big key step that we needed. for us to remain in an uptrend we need to hold above this midline on the RSI, falling below and being unable to recover back up puts us in a confirmed downtrend scenario which is never ideal, unless we are talking for BTC.D. The MACD looks very very healthy, we just had a long drawn out 2 bearish period macd cycle and its finally looking like we are coming to an end. Time will tell on our daily close but what we need to see as a start is a open green bar on the histogram with the bars growing in size everyday after that, showing a strong rise in bullish momentum. Second we need to see is a strong bullish cross with our Blue MA pushing away from the orange showing that growth in bull momentum, creating space between the MA's is very important because in this scenario it allows us some breathing room, meaning we can afford to have a couple days of red price action without triggering a bearish cross! Not financial advice just my opinion!
Long
by JacobR905
BTC + ETH - How Low Can We GoHello friends, today I am showing you a multi-month trendline that has supported Bitcoin (BTCUSD) and Ethereum (ETHUSD). #CryptoPickk notes the following: 1) The trendline has supported both Bitcoin and Ethereum price since the beginning of the bull market and it has re-tested the trendline before making the next move upwards. 2) Since July 2021, the price has moved up significantly from the trendline and with the current economic conditions and markets crashing, it may be a chance for the price to touch the trendline again. 3) The price target on this 1W chart has been noted for both Bitcoin and Ethereum. Bitcoin would be around $38K and Ethereum would be around $2.5K. These are just estimated targets based on the trendline. Prices may consolidate and be higher by the time it touches the trendline. 4) If you are considering buying the dip, be a bit cautious. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:BTCUSD
by MillionaireEconomics
6
Ethereum Weekly Outlook! IMPORTANT LEVELS!!Taking a look at our Ethereum Weekly chart we are still moving to the downside but i feel this could be the final week of downside before rebounding to the upside, we have had a total of 7 weeks worth of downtrending candles and that could be coming to an end very soon. we are trading inside of a bullish pennant which historically has lead to upside breakouts, we are just about at the apex point but there is a chance we have 1 more weekly candle before breaking to the upside! We are approaching the 0.2 FIB which is an important level for us to hold going into our next weekly close next sunday. Another few key levels i am looking for us to hold is, the 20 EMA (red) (not as important) the bottom of the bullish pennant or risk falling out the bottom, the midline on the bollinger bands is a pretty big one we gotta hold onto here giving us the chance for a rally to that top band. Now if we did by chance fall to the downside there is one level that is mega important and that is the 50 day EMA (pink) looking at it now its looking like we will be pushing up and above the 0.3 FIB, so if we did fall to the downside these 2 levels would be a crucial hold, either the 50 day will be right overtop of the 0.3 FIB or we will be right below this FIB, this should give us that ultimate cushion for getting a bounce and reversal. Another nice reversal spot we have if we do decide to go down is the support at 3324$, we have had tons of price action on this level back in june-sept and i would say this level is pretty rock solid especially if we only came down to test it once or twice! Overall with the support levels we have a big drop is not really on the table i would say personally, around 3050$ would be my lowest target for a further correction, but i don't think we will even come close to there realistically, the amount of downside we have had over the past 7 weeks is definitely enough for a normal correction and i am looking for that upside breakout of this bull pennant. Last thing lets take a look at the Stoch RSI, we are coming down very fast and we are inside the oversold zone and almost bottomed out, i wouldn't be surprised to see the formation of a reversal coming into this weeks close on sunday, we want to see something similar to what i have drawn out here, a strong bull cross with the blue moving ontop of the orange, even if we don't see the cross happen next sunday i would like to see both lines start to flatten out and tick upwards! Not financial advice just my opinion!
COINBASE:ETHUSDLong
by JacobR905
ETH weekly trend lines#ETH/USD $ETH weekly trend lines #Ethereum can drop more to support zone between $3584.79 and $3420.07 where 2 ascending and descending trend lines meet and make it strong support. staying above this support will increase price to make a new ATH. or if bulls can hold the price above $3853 that is around ascending trend line, it can move upward from here. also RSI candles are above long term ascending support that that holding this support will confirm this move. but if bears success to break support of $3420.07 price will drop more to next support around $3050.
COINBASE:ETHUSD
by parissap
Ethereum Update!!Checking out Ethereum on the daily timeframe we are looking a bit shaky i can't lie, todays been a rough day for the markets overall and we have came way down out of are accumulation zone and we are currently sitting below the 0.2 FIB level which of course is not very ideal and if we do close below here the door is open for a push down to the 3667$ level. After that if we don't hold that support we are looking at the 3464$ level which i think is a good spot to catch a rebound, its a strong support level with tons of price action from months back, if we don't hold here we are looking at the 0.3 FIB or 3214$ which i can't see us going any further for the time being. as for resistances if we close where we are for tonights close we are facing resistance from the 0.2 FIB, the midline on the bollinger bands and the 3990-4K level. Looking at the bollinger bands we notice that price action currently is sitting on that bottom band and if we see a close ontop we could be in for a sharp downside drop likely too the 3464$ level or the 0.3 FIB. The RSI is giving me some hope, even though we crosses below the SMA we are currently ontop of strong support coming from months back and ideally we want price action to push back up above that 0.2 FIB so we can hopefully see a bounce off of this support level on the RSI, ideally in the longer outlook of things we definitely want to climb back and get above that midline, being below keeps u in a confirmed downtrend and being above and holding puts us back in an uptrend! Now the Squeeze momentum indicator, this gives me some hope aswell, we are approaching the midline on the SMI and what we want to see here is a green bar after daily close, this would give us the momentum needed to start making a push back up, the only problem is that if price action closes bearish then we are looking at an increased red bar for our next one and that could kick off yet another bearish squeeze which we dont want to see. Definitely some big closes tonight especially for BTC aswell, our overall direction going forward is still up in the air and we will have to see what our daily close brings us! NFA Just my opinion!!
BITSTAMP:ETHUSD
by JacobR905
1
ETH bulls and bears fight#ETH/USDT $ETH in daily chart is between to major ascending line that will show us the next move of #Ethereum. close a daily candle above daily ascending resistance will confirm the uptrend move and close a candle below daily ascending support will confirm down trend. in 4h chart price broke out a triangle pattern and now pullback to this pattern. if price stay above triangle and head up to break out daily resistance it will increase toward $4350 and $4580 and maybe going to make a new ATH. but if price drop below triangle and daily support zone we will see a long down trend to $3000.
by parissap
ETH Ethereum: 1D Chart UpdateHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Ethereum (ETHUSD), a cryptocurrency. The chart is self-explanatory. Ethereum price is currently trading in the Fibonacci Golden Pocket zone and in a high trading area of the VPVR (Volume Profile). The Ichimoku Cloud shows green clouds for upcoming support. RSI also shows support for a potential move up. Volume is low and Stoch RSI is oversold. If price moves up, keep an eye on the 0.786 Fibonacci level. If the price falls, keep an eye on the 0.382 Fibonacci Retracement level. Shown: Ichimoku Clouds , RSI (Relative Strength Index), Stochastic RSI (Stoch RSI), Fibonacci Extension , Volume Profile (VPVR), Support and Resistance Trendline, 200 EMA, and Volume. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
BITSTAMP:ETHUSD
by MillionaireEconomics
2
Long $ETHUSD based on Elliott Wave TheoryHello, friends! I would like to briefly talk to you regarding Elliott Wave Theory and how we can use it to our advantage. Brief history and intro: Ralph Nelson Elliott concluded that the movement of the market could be predicted by observing and identifying a repetitive pattern of waves. Elliott first published his theory in the book titled The Wave Principle in 1938. Elliott was able to analyze markets in greater depth, identifying the specific characteristics of wave patterns and making detailed market predictions based on the patterns. Basic Principles Elliott Wave Theory: Movement in the direction of the trend is unfolding in 5 waves (called motive wave) while any correction against the trend is in three waves (called corrective wave). The movement in the direction of the trend is labeled as 1, 2, 3, 4, and 5. The three-wave correction is labeled as a, b, and c. These patterns can be seen in long-term as well as short-term charts. An example: Elliott Waves are like a piece of broccoli, where the smaller piece, if broken off from the bigger piece, does, in fact, look like the big piece. Market prices alternate between an impulsive, or motive phase, and a corrective phase on all time scales of trend. Impulses are always subdivided into a set of 5 lower-degree waves, alternating again between motive and corrective character, so that waves 1, 3, and 5 are impulses, and waves 2 and 4 are smaller retraces of waves 1 and 3. Corrective waves subdivide into 3 smaller-degree waves, denoted as ABC. Corrective waves start with a five-wave counter-trend impulse (wave A), a retrace (wave B), and another impulse (wave C). The 3 waves A, B, and C make up a larger degree corrective wave (2). An impulse-wave formation, followed by a corrective wave, forms an Elliott wave degree consisting of trends and countertrends. In a bear market, the dominant trend is downward, so the pattern is reversed—five waves down and three up. Elliott identified nine degrees of waves, which he labeled as follows, from largest to smallest: -Grand Super Cycle -Super Cycle -Cycle -Primary -Intermediate -Minor -Minute -Minuette -Sub-Minuette Since Elliott waves are fractal, wave degrees theoretically expand ever-larger and ever-smaller beyond those listed above. Simply because the market is a fractal does not make the market easily predictable. Scientists recognize a tree as a fractal, but that doesn’t mean anyone can predict the path of each of its branches. Now that being said we can conclude that ETH has completed supercycle and intermediate wave 2. The next wave will be wave 3. Wave 3 must be an impulse wave, cannot be the shortest of 1,3 & 5. Wave three is usually the largest and most powerful wave in a trend. Prices rise quickly, corrections are short-lived and shallow. Wave 3 rally picks up steam and takes the top of Wave 1. As soon as the Wave 1 high is exceeded, the stops are taken out. Keep top resistances in mind. This is not financial advice, always do your own research before investing in any stocks or cryptocurrencies.
BITSTAMP:ETHUSDLong
by smitpatel1
ETH Ethereum: 4H Chart UpdateHello friends, today you can review the technical analysis on a 4H linear scale chart for Ethereum (ETHUSD), a cryptocurrency. 1) The Ethereum price currently broke down from the Symmetrical Triangle Pattern it was forming. 2) If price does not get back into the triangle, it may be supported by a Multi-Month Support Trendline. 3) If that support trendline doesn't hold, it may fall down to the Support and Resistance Area (Box) which is around a 25%-30% price drop. 4) The measured move from the Symmetrical Triangle has the potential to bring the price down to the 1.618 Fibonacci Retracement level. This is also in the Support and Resistance Area. 5) Also note the RSI (relative strength index) also broke down from the bottom support line. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:ETHUSD
by MillionaireEconomics
4
ETH Bear Trap!!?As talked about previously i mentioned the possibility of an upcoming bear trap on the Ethereum bears, where we would breakout and close below our key level at 3990-4K faking out traders into thinking a bigger drop is coming, before then rebounding to the upside and hopefully this plays out as a bear trap because that will mean we will be seeing some nice upside soon to come. We are currently breaking back into our accumulation zone at 4K and its looking like we are going to see a bullish daily close above here which will be big! on the BJ key levels we are looking at the 4k-4100 zone as our first crucial level, a break above here will be a bullish sign and likely give us some momentum to keep pushing to the upside. We do have multiple levels of resistance from 4k-4600 which is our accumulation zone i have been talking about, ultimately we need to break and close above 4600 and hold above here before we can really say we are looking bullish. simply due to the fact that for the past 3 weeks we have been stuck in this range where we are seeing strong hands buy but for the most part moving sideways. A really great sign that i noticed is that we have regained the 100 day MA, this is one of the stronger MA's as it is calculation the moving average over a 100 day period, not any recent movement as far as the 200 day MA goes but it is definitely a positive that we have held this level aswell. We had a bit of a scare when we closed below the 0.2 FIB level and thats why i believe this bear trap is happening, that was a very bearish close but soon after we rebounded to the upside, i think this is just the start. Now lets look at the RMI, we are falling to the downside still but things are starting to look up, we seem to be bottoming out with our pink starting to move sideways and our orange coming down towards the pink, looking for this bullish reversal, we are at the lowest point since the start of October and i think with some good momentum we are due for a big big run to the upside and a big time reversal! Not financial advice just my opinion!
BITSTAMP:ETHUSDLong
by JacobR905
ETH - Another Bull trend ahead? Hey guys, Julie here =D Let's talk about Ethereum today: ETH is kind of moving sideways since November 18, after a huge bull trend, which is perfectly normal, I think it might just be resting now. But one thing I've noticed is that the red candles have been bigger than the white ones for a while, and I don't like that, to me it's not a good sign. We have some support levels near today's price, and I think that before ETH can go up again, it will test one of these regions (pink or blue line). If that happens, it would be a great time to buy (with good confirmation, of course). I don't think it will trigger a downtrend, because on the weekly chart we have a nice uptrend, and the price is very close to the 21 EMA, so it is quite unlikely to fall. I wouldn't buy ETH yet, I would rather wait to see if these regions will really act as support, and I would also wait for more positive candles, with a good confirmation, before buying. So, to summarize: I think it will fall a little bit more to the support levels, and then it will keep going up, because on the weekly chart we have a bull trend. So that's it! Thank you for reading my analysis! I would really appreciate it if you would support me with your like and your subscription. Bye bye, have a nice day! 😊👍
by Juliehodler
2
Eth- I don't think 4k will holdIf you've read my analyzes, you know that I have "a problem" with an asset staying at support or resistance as an invitation to buy or sell and make money, as if it were so simple. Is exactly Eth's case right now, with the price coming back to 4k for all of us to buy and make money, and if you remember, a week ago Btc stayed at 55k and... I can be wrong this time, of course, but in 90% of the cases, these support/resistance fall eventually. From a technical point of view, Ethereum is in a descending triangle pattern with this 4k base, and a daily close under could accelerate losses. The first target for bears can be 3.5k low from the last week's sell of followed by 3k zone, strong horizontal support and the measured target for the triangle. I will stay short as long as the price is trading under 4.3k
BITSTAMP:ETHUSDShort
by Mihai_Iacob
24
Ethereum Breakout Coming soon!!?Looking at Ethereum it is pretty clear we have no sense of real direction and one thing that stood out to me very clearly is that we are in a wider ranged accumulation phase in the market. Shown by the blue shaded area we have respected this zone very well and are struggling to find a breakout point, what i believe is happening is a big 3 week accumulation period where we are seeing strong hands and big money scooping up Ethereum/ all of crypto before the next leg up. This phase can definitely mess with the emotions and can lead you to believe we are entering a bear market or just a downtrend period, i don't think this is the case though, smart money and big institutions are playing the waiting game striking fear into retail investors and overall giving uncertainty. The past couple days including today have been looking good we are seeing strong bull candles and a push back up into this zone after briefly falling underneath. First off lets take a look at some key levels, the support levels we need to hold onto are the S1, 4000$ (USD), and the very important 0.2 FIB level. Now the resistances that are very key goes as follows, the midline on the bollinger bands is a must regain level and will be a big test once we reach it, the 4400$ level, the crucial pivot point (P) this level if we can close above should give us some much needed bull momentum, then the 4600$ level, a break and close above here is important because it has been the respected top of this accumulation zone and for us to leave this phase this level is key. Then of course we have the 0 FIB level (ATH) which will give us mass amounts of momentum if we can regain it and enter price discovery mode. Now the bollinger bands, another reason why this 4600$ level is so important is because a break above here will land us right on that top bollinger band, and this as we all know can spark an explosive move to the upside and go on a significant run and likely easily breakthrough that ATH! Now the MACD we see that the histogram is decreasing showing us a decline in bearish momentum, want we want to see here is a push back into the green zone and see increasing green bars day after day, aswell as an explosive bull cross with the blue MA taking off from the orange. Not financial advice just my opinion!
BITSTAMP:ETHUSDLong
by JacobR905