The rise for EthUsd has stoled above 3k exactly in 61% Fib retracement of the big May drop.
At this moment EthUsd is trading in a range and if bulls can't manage to keep 3k intact I expect a new aggressive wave of sells.
In such an instance 2250 is my first target
Ethereum above 3.3k would change my bearish opinion
Clear similarities both in price action and in MACD setups
Ethereum right now has a strong bottom setup and will likely hodl this bottom, leading to the bull part of this scenario with the ~200% increase
I have seen versions of this across twitter and Facebook and thought I would address it for my followers
Breakout setup on both ETHBTC and ETHUSD
The USD pair can be seen being rejected from a good support line
While the BTC pair is continuing to look for new highs with the ascending curved structure
Aim for 8k
Ethereum can be seen undergoing huge demand
This is demonstrated on the Weekly chart by these long wick ends
Price has consistently been pushed up before candle close
This shows demand throughout this price area
Coupled with a large support area, I expect bullish continuation on the Weekly timeframe based on this observation
Ethereum failed to recover above the $3,120 pivot zone against the US Dollar. ETH price is declining and it could extend its losses below $2,950.
Ethereum struggled to recover above the $3,120 and $3,125 resistance levels.
The price is now trading below $3,080 and the 100 hourly simple moving average.
There is a major bearish trend line forming with resistance...
Also Ethereum looks tired and a correction could be just around the corner
A Doji candle 2 days ago is followed by a Pin Bar yesterday and this give me reasons to expect a drop soon.
Above 3200 sellers seem strong and short term sellers could have at least 2800 as a target
A daily close above 3250 would negate this scenario
Etherium seems to be climbing strong this time reaching all time may levels again. We might see a small pull back before we see a breakout or will it break straight through ? :D
If any pull backs, we might see it around levels 3300 and if support, then a break above the 4200 zone is likely.
ETHEREUM IS ON IT'S WAY TO $4500 BECAUSE OF THE CREATION OF THE CREATION OF THE NFT MARKET AND CHARGING FOR THE ERC 721 PROTOCOL. Also because they are moving to Proof of Stake. Proof of stake means liquidity on the blockchain. ETH is growing because of the growth of HEX COIN blockchain that is paying 40% to lock a stake which is on the ethereum platform. We are...
Very Bullish signs from ETHEREUM.
Further to our post earlier today, the price has broken over resistance and is now breaking over a bullish flag.
Expect anything but this is more Bullish now and most likely to rise.
This is where we are going
Using the indicators True Strength Indicator and MACD
I think the TSI will repeat a pattern in nature to that of the 2017 BTC bull run
While the MACD will do something that has not been seen before
A big bullish correction on the weekly
In this comparison we have GOOGL and ETHUSD
I like to call MA's open when the three (50,100,200) are spread and free to move upwards
We can see GOOGL has been 'open' (in its most bullish state) for 10.5 years
Correlating this with price, it is obvious that this is the most bullish progression of price
We can also see ETHUSD has only been open for 154 days .