Ethereum's situation is much better than Bitcoin that's for sure because ETH price is still moving in an ascending channel
Right now price is in the bottom of this channel and it has support, It's important to keep it.
Let's not forget, ETH is the mother of altcoins.
If Ethereum repeats the pattern that we saw after its peak in 2018, we might be in a bear market until August 2022, where the price might stabilize at around $850. In 2018-2019, during a period of almost 1.5 year, the price dropped by -88% until the bear market ended, which makes it not far fetched to believe that a drop by around -80% in the price can happen...
Recap : Congratulations to all the people who took my bitcoin short from 32k to 30k, as predicted in my last post(linked below).
ETH is currently in a descending channel and looks like it is going to have a breakout. If it does my price target would be 2k for it, that is, around the weekly resistance level. But also currently it is in good resitance zone so...
ETHUSDT has significantly dropped since the ATH of may the 15th.
with a 60% drop and $2650 down in only 8 days before hitting a local bottom and recovering until the current triangle was formed.
This powerful downtrend seems to be stopped right now, as we form this triangle, volume keeps steady.
This triangle may soon breakdown, I'm basing this bearish scenario...
Ethereum is testing the neckline of the inverse head and shoulders pattern at 2540-2550. Bitcoin has already broken out of the inverse head and shoulders, so lets see if ETH can follow. A break above 2540-2550 with good volume could be a good place for a long.
As always, I’m not a financial advisor, do your own research, and stay safe!
clean impulsive move to the upside recently, price has formed a symmetrical triangle,
price has been corrective after reaching all time highs and is currently testing a resistance level
neutral outlook on price action here as price can still continue to break above the highs and confirm support at the previous resistance before and impulsive continuation to...
Hi guys! 👋🏻
🔔 Ethereum is testing the previous ATH as support, bullish sign.
🔔 The scarcity of Ethereum taking into account the fact that the DeFi demand of ETH is high will push Ethereum higher. Breakout from this triangle is a good signal of that next Ethereum bullish run.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for...
As you can see, the green trendlines mark the forming slowly downtrend channel on 1D timeframe. I see as possible scenario that the price could fall till to the first major which is placed near $1600 ( 4h 50 MA and the 1D 50 MA). This should fit for a sideway movement too. Here the price could rise back to the $1700-$1800 resistance, but if it fails, it should go...
Hi guys..its the latest analyze chart of ETHUSDT in 4H time frame(folowers Requested analysis) .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
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hello traders ,
Welcome to my price forecast Ethereum/usd.
Ethereum is moving inside upward channel.
there are basically three types of channel directions,
one is upward slopping channel which 80 - 90 % of the time break downside
second is downward slopping channel which 80 - 90 % of the times break upside .
third one is side ways which means market unable to...
In the last few hours ETHEUR has been forming a flat top triangle, being its resistance its most recent ATH around 1394 - 1410 EUR. The height of this triangle coincides with the height of part of the larger one formed between January 19 and February 2. As shown, prices are expected to mark a new ATH around 1510 - 1531 EUR.
Hello dear friends - well, I congratulate everyone again. And again I have nothing to say - since everything works 94% for all my trading ideas.
Yes, do not forget - I also have losses, but they are much, much less frequent than profits. What should I scream from you. Every single recommendation I open here works, and each of you can check it out. Well - will all...
Ethereum is still bullish on all timeframes despite the Btc selloff, and has the chance to outperform Bitcoin this year!
Please leave me a message if you want to test the buy and sell indicators that i am using.
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Also check out my daily post on Bitcoin!
Price Action: After losing almost 1/3 of its value from a high of $1348 to a low of $915, ETH rallied 26% to $1150 where it got rejected by the 200MAs and has since showed continued weakness trading under the...
Ethereum is going down like crazy. Yeah, it was overbought, and yes, the previous rise was massive, but I understand that many buyers just wanted to be IN. So if you bought it higher, and now you need to dilute your position, I can show you some levels to enter into ETH.
Despite this massive fall, we are still bullish, but... It does not mean that we can't go...