Since the recent 4k top, EthUsd is in a downtrend
In the last 10 days, the cryptocurrency has traded in a range between 3200 and 2750, and, in my opinion, the break will be to the downside.
3200 acts like strong resistance at this point and only price above this figure would mean that the trend has changed
My targets for short selling are 2750 followed by 2300 zone
As I said before, 3200 should provide strong resistance for EthUsd.
At this moment the coin looks like is carving a small double top with the neck-line around 2900
A break here would expose 2600 important support
Finally Crypto good days are back.
ETH is also looking good on a 2H chart. It is moving in an upward channel and on the short term it is currently going through minor pull back.
I have highlighted the area of value which could be a good option to go LONG.
It will need to break current Resistance at 3189 before continuing its journey up.
Like all the crypto market, EthUsd also has had a good run in the past 2 weeks, gaining 1000usd.
However, the rise is not impulsive in nature, resembling an ABCD type correction and also is forming a rising wedge.
Confirmation for sellers comes with the break of the formation support with more confirmation once we have a break under horizontal one.
I'm looking to sell
EthUsd has dropped again to support zone, and a lot are asking if this support is strong and if Ethereum will turn from here?
In my opinion, as in other crypto coins cases, for support to hold it would be too damn simple, and, to be honest, I expect a steep drop under.
Rallies above 1800 should be considered good opportunities for sellers and the next 1400 support...
Like all the crypto market, Ethereum is not feeling well either
All rallies are clearly sold and EthUsd is pressing on 1800 zone support
A new wave of selling could clear this support and Eth could drop even to 1400 zone
2050 is strong resistance now and only the price back above this zone would take the pressure from the selling side
This pair has just been there, not doing the most. It trends one day and ranges the next.
A key point to note is that now, price sits on a strong daily support area.
We can clearly see rejections in this area, and we just need to see this current higher low to be firmly established on the lower time frames (H1, M30).
Once that happens, we could see more upside...
My previous 1800 target was reached and from this support, Ethereun has started to rise again.
This rise is not impulsive though and looks near to an end
A break under trend line support would accelerate losses and 2600 zone should provide strong resistance.
I'm looking to sell rallies
Ethereum is a powerful tool in exchanger as a medium point of altcoin and liquidations. Without it, perhaps it can support other coins and altcoin to get what it takes today.
We are in the situation of bearish trend as the trend signaled its continuation of bearishness has comes to the next stage.
Right now as this article was written, the price of ETH is around...
On the ETHUSD daily time frame, we can see it's now trying to break out the support level, but before that, ETHUSD must make some correction upside. We can see it already creates an ABC pattern where the C is still unfinished. So, we are going to open a Buy call here and expecting to fill the C level.
EthUsd has also broken the trend line support that kept the price elevated since 23 May recent low.
At this point, 3k should be a very strong ceiling and a retest of the broken trendline could provide bears a good entry point.
The recent low could be the target and only price above 3.1k would change my bearish outlook
Hello Dear Traders,
frm so many days eth is trading in this symmetrical tringle like btc. in less thn 48hrs we will see breakout or breakdown fmr the triangle chart pattern.
Most probably i m expecting ETH will breakdown and it will dump to 1900$.