Daily Chart Ethereum is trading in the bearish territory in the daily chart. It is having a rangebound price action between the key resistance zone around $3,409 (marked in grey) and a minor support at $3,200. Below $3,409 resistance, there is a high probability for a dip towards the key daily support zone of $2,781-$2,956. The price action with this zone...
Pair : ETHUSD ( Ethereum / U.S Dollar ) Description : Completed " 1234 " Impulsive Waves and Rejecting from Daily Demand Zone or Fibonacci Level - 38.20%. Break of Structure and Completed the Retracement. Break out of Upper Trend Line of Consolidation Phase to make Fake Breakout. Strong Divergence in RSI
Ethereum has shown great signs of bull strength as Bitcoin and the crypto market burn hot into this bull run. The time for entering longs on the higher timeframes has likely come to an end. So is it time to short? How do we trade this? 🤔 ETH does not have any sell signals yet, but we did just break into a major resistance area at $2,500. With four pushes up,...
Ethereum has a string of reversal indications that give us a picture of bearish price action. Are these data points enough to enter a short? How do we trade this? 🤔 Three pushes up, an ascending wedge, and strong resistance alone is not enough justification to enter a reversal trade unless you fade your position (small entries until the reversal happens). It's...
ETHUSD is currently flipping back and forth with a 3-day stop hunt. Could see some pullbacks in the near term. I had mentioned looking for new 3-day dips for opportunities. Would want to watch 1H and 4H moving averages to hold up for continuation—mainly the 100 and 200 Moving averages. $2312 and $2275 Could be potential BUYS (Risky knife catch buys); want to...
Hello, Traders. I'd like to provide a quick update on Ethereum (ETH) in a 2-day timeframe. As we're well aware, the cryptocurrency market often takes cues from Bitcoin (BTC). Recently, when BTC experienced a sharp drop from FWB:29K to FWB:25K (a -13% decrease), Ethereum (ETH) and other major altcoins followed suit. ETH, for instance, went from $1808 to $1540...
Bitcoin (BTC) is looking positive today, thanks to the emergence of an inverse head and shoulders pattern. The successful rebound from the 29,500 USD resistance level indicates a robust pattern in full swing, setting the technical target at approximately 30,630 USD. Remarkably, Ethereum (ETH) is also displaying a similar pattern on its chart, signaling a...
ETH is lagging behind Bitcoin. However, there is some room for optimism, especially if ETH can push up above the 50D EMA and provide a ChoCh. ATM, ETH is oversold on the 1-4 Hour timeframes, but the HTF still have ample capacity for price appreciation. Also, there is no bearish divergence that I can see. Presently, ETH’s price is at 1812 USD close to the...
Past Performance of Ethereum Ethereum prices, like BTC, are firm at spot rates. Notably, there is a sharp reversion from critical reaction levels, marking resistance levels of March 2023 and September 2022. For now, whether ETH buyers will build on yesterday's gains remains to be seen. However, any attempt to unwind losses will be massively bullish for ETH,...
Good evening , we are from Ukraine! For this period of time, the chart has a trading margin, the exit from which opens the door to 2 key levels: 1) A long scenario of breaking through the resistance level and going to 2300 and above. 2) Short, market weakness after a false breakout of 2200 and the price returning to the middle of the range with a further...
Past Performance of Ethereum Ethereum buyers are confident, reading from the performance in the daily chart. There are encouraging higher highs as ETH claws higher, presently trading at the Q3 2022 trade range. Even though there was a cool-off, ETH will likely bounce higher ahead of the Shanghai upgrade. #Ethereum Technical Analysis The path of least...
Ethereum is reaching out to complete wave 1 in green and still has got some room to rise. As soon as the respective high is established, though, the cryptocurrency should turn downwards and head for the green zone between $1607 and $1424, where wave 2 in green should end. With this low secured, Ethereum should then resume the ascent by developing wave 3 in green....
Binance and its CEO, CZ, are being sued in the US by Commodity Market Regulators in a complaint that claims the defendants committed “wilful evasion of US law”. This comes after the SEC Charged Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations last week. Binance is responsible for 61.8% of the global crypto trading. Its...
Past Performance of ETHBTC Bitcoin bulls are in the driving seat, adding 12% versus ETH, looking at the candlestick arrangement in the daily chart. Notably, the coin is within a breakout formation, forcing ETH back below October 2022 lows. As it is, BTC bulls can continue looking for entries on every attempt higher towards resistance at 0.066 BTC, targeting 0.058...
Past Performance of Ethereum Like the rest of the crypto market, Ethereum is in a firm uptrend. As an illustration, the coin is up roughly 70% from November lows, breaking above February highs. Technically, buyers are in control, and the bullish formation remains as long as ETH trends above $1.75k. #Ethereum Technical Analysis Ethereum is solid at spot rates,...
As per 4hr. #TA at #USDT Ethereum moves completely on #BearishExpansion #TrianglePattern on complete pattern, while in present Downtrend cycle completely movements on #Descending Triangle Waves, it will be reaches lower cut-off on $1450-$1350 upto 7th March...
Past Performance of Ethereum Ethereum, more like Bitcoin, is cooling off from last week’s resistance at around $1.75k. The rejection means ETH is down, sliding six percent from recent highs, though the uptrend remains valid. Support is at about $1.6k, and on the lower end, the low of the February 15 bar at $1.5k. #Ethereum Technical Analysis The support is...
Past Performance of Ethereum Ethereum is lower at spot rates, within a bear breakout formation. The ETH price is below the 20-day moving average and is down 10 percent from this month's highs. Even though buyers are confident, the short-term trend will only change should ETH break above $1.7k. #Ethereum Technical Analysis ETH is in range. The upside is limited...