Like all crypto market, Eth has reversed strongly from my pointed-out sell zone yesterday and what took 48h to gain was erased in only 8 hours, giving us a strong clue about the bearish momentum.
At this moment the cryptocurrency is trading exactly in 2400 support and a expect a clear break under soon.
Bears can target the next important support at the 1750-1800...
BINANCE:ETHBTC is one of my favorite charts. I made the prediction during 2021 that we would go from 0.030 BTC to 0.085 and we did (See related idea below). Now, we are at 0.066 BTC and nearing a significant support line. The line is not very well-defined, so I expect price to hover around it for a while. What I would like to see is dipping below the line while...
If Ethereum had a satnav, it would be like: “…at the lower edge of the orange-colored zone, make U-turn and follow the road northward.”
Ethereum has finished wave iii in orange at the lower end of the orange-colored zone between $2402 and $2195 and has already started wave iv in orange. This countermovement should lead the price into the second orange area between...
Yesterday I said that my target for the correction is 2600 and pointed out very clearly that this is a correction, not a resumption to the up trend.
The cryptocurrency reached 2550 and reversed very strongly, trading now at 2300.
This is a very clear sign for me that EthUsd has more to fall and the most obvious support on our daily chart is 1800 zone
ETH broke the trend line yesterday, but it was a bullish trap. After that, the price fell 14%. That's quite a big drop. During the fall there was volume at the bottom. This volume stopped the fall. An important key level is marked below. In case of a false breakout, there could be a good buying opportunity.
Write in the comments all your questions and...
Ethereum - Intraday - We look to Sell at 2446 (stop at 2535)
We are trading at oversold extremes. There is no clear indication that the downward move is coming to an end. We look for a temporary move higher. The trend of lower highs is located at 2530. 20 1hour EMA is at 2445. Preferred trade is to sell into rallies. A lower correction is expected.
My 'hardwood area" price range is where I approximate the bulk of the institutional support to be for my precious falling ETH....It is looking like if the trigger is to be pulled, we may be coming up on the time to get in the proper stance and take aim. I would hate to see Ethereum fall through that beautiful wooden floor, but I think if we get there then there...
Bitcoin (main chart):
After the false break of 42500 short-term resistance, Bitcoin dropped hard and at the moment of writing is trading at 36k, with a more than 15% drop in 48h.
Although the overall trend is grossly bearish, short-sellers should be very careful to an aggressive short-covering rebound.
I expect extreme volatility for the Crypto market and I will...
In my yesterday's comment I said that under 2.4k, Ethereum can be a good buy for traders that wants to speculate on a correction.
After 2 dips under this figure, EthUsd has recovered nicely and has made a series of higher lows and the low TF chart shows an ascending triangle pattern.
The crypto is trading now in the resistance of this pattern and a break up can...
All altcoins correlate to bitcoin, so it is worth analyzing bitcoin first and other coins afterward.
At the moment, bitcoin's local trend is downwards. In case of a breakdown of the trend line, the trend is likely to reverse. Until that happens, we cannot say with 100% probability that it is the bottom!
A key level can be identified on the ETH chart. In the...
H4 Time frame
Ethereum has been given us clean price action to the downside since the beginning of December 21 with impulse / correction / impulse.
On the H4 it looks like we could be making a ABC correction moving up towards the descending trend line & 61.8% Fibonacci level where i will be looking for a sell position targeting the -27% Fibonacci extension...
Ethereum - Intraday - We look to Sell at 3248 (stop at 3306)
Daily signals are bearish. Bespoke resistance is located at 3250. We look for a temporary move higher. 50 4-hour EMA is located at 3250. Preferred trade is to sell into rallies.
Our profit targets will be 3091 and 3031
Resistance: 3200 / 3250 / 3300
Support: 3100 / 3000 / 2900
Disclaimer – Saxo...
Ethereum Coin Price & Market Data
Ethereum price today is $2,460.16 with a 24-hour trading volume of $27,390,529,371. ETH price is down -5.7% in the last 24 hours. It has a circulating supply of 120 Million ETH coins and a total supply of ∞. If you are looking to buy or sell Ethereum, FTX.US is currently the most active exchange.
What is Ethereum?
Ethereum is a...
Although it has broken under 3200 support, losses for Ethereum are limited and I don't "see" much sell power.
The crypto may have found a new low above 3k and a new leg of correction to come.
I'm cautiously bullish at this moment with more confirmation above 3200.
A daily close above 3200 could expose 3600 important resistance and 3400 is now interim resistance.
As I wrote in my last analysis, I have flipped medium-term bearish on crypto. It took a lot of confirmations for me to get here, so it would be hilarious if the market decided to reverse here and make a new high. But regardless, until I see signs of strength, I will generally be posting some speculative projections about where I think the market could be headed...
1053H +8 SINGAPORE
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
This will be a good season for ENTRIES. Market has found strong support at a very bargain price for cryptos.
We will be focusing on BITCOIN and ETHEREUM as our TOP CRYPTOS. As...