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Ethusdidea

#ETHUSDT Reasons WHY ETH could reach $5k by the May 2022!!Gained 2k new followers in the last 6 weeks. Thank you so much to all of you for your consistent support. Now, let's get to the chart. ETHUSDT is trying to break out of the channel. A daily close above the channel would confirm the breakout. It has been almost 128 days since the price is trading inside this falling wedge channel. Technically a successful retest with green candle confirmation would result in a positive rally towards $3k $3.5k and even $4k. Few conditions need to be fulfilled here:- 1. It maintains the channel resistance turned support. 2. Previous breakouts above the blue MA have resulted in a multiweek green market. 3. The blue MA needs to get above the Red MA which will be a positive sign. 4. As per fractals it could roughly reach the $5k target if the above conditions are done. 5. From possible bottom to higher target takes 114 days which gives us 3rd week of May 2022. Do observe the chart there is more information given, do observe. My thoughts:- I am bullish on ETH looking at the current PA but one more shakeout to trap the bears and liquidate the late longs would be the best time to enter if you don't have it yet. $2422 to $2600 is the best area to buy with an invalidation point of a daily close below $2177. Hope it helps, if it does do hit the like button and share your views in the comment section. Thank you #PEACE
Long
by Cryptorphic
3
ETHUSD-Ethereum Forms Descending TriangleThe Ethereum market rallied initially on Friday but gave back the gains to show somewhat weak price action. The $2500 level underneath continues to be important, and I think it will offer a significant amount of support. I fully anticipate that the market may test that region in order to see whether or not it can break down below it. That is a region of support that I think extends down to the $2400 level, so it is going to take a significant amount of work to break down through there. With that being said, it does not necessarily mean that we cannot do it, just that it may take some effort. The market has been a bit of a mess for a while, and we recently had that “death cross”, when the 50-day EMA crosses below the 200-day EMA. The indicator tends to be a little bit late, but it is something that will attract a certain amount of attention anyway. On the upside, if we were to break above the $2750 level, it could open up a move towards the $3000 level. Breaking above the $3000 level then could be up significant signal to start going long. In general, this is a market that I think is going to continue to struggle and I am starting to believe that we are going to go into a “crypto winter”, which is when markets do very little and simply grind sideways for what seems like a lifetime. This is generally after a massive selloff, and that is most certainly something that we have seen around the crypto markets. Ethereum is plagued at the moment by a delay in the so-called “Ethereum 2.0” release. People are starting to get a little bit impatient, but the fact that we have a tight monetary policy in the United States does no favors either. After all, the crypto markets are far out on the risk appetite spectrum, so it is going to take a very loose monetary policy to make that attract as much trading capital as it would from institutions over the last couple of years. In general, you can also make an argument that we are forming a descending triangle still, and if we break down below the support level, we could very well slice through the $2000 level eventually.
BITSTAMP:ETHUSDShort
by SmoothJB
ETH chart on 1W Time FrameLooking ETH here bouncing on support for a second time . If ETH does not manage to hold this level I will be expecting a retracement back to $1,710 - $1,800 . And if it gets worst I will be expecting a bounce around the first blue box of support around the $1,000 - $1,300 . If we fail to support that area my guess its that we will be going more down very hard and fast . Now lets see a more bullish scenario on ETH . Lets consider that we will hold this level and bounce , In this case I would expect a pump to retest $3,200 and then $3,500 - $3,600 . Moreover, in the case we get even more bullish , we could visit $4,000 and more levels as we go up . NOTE : I would NOT enter very big longs or shorts positions , as taking into consideration the current geopolitical factors affecting the markets there is uncertainty and too much volatility when it comes to moving . So be careful and consider using stop loss. DONT TRADE WHAT YOU CANT AFFORD TO LOSE !
COINBASE:ETHUSD
by Trader_Sentinel
Ethereum under triangle's supportEthereum also recovered some losses since late January, but, unlike Bitcoin, the last leg up just touched 3k, around 8% lower than the first, giving us an indication that the coin is weak. Looking at the chart we can see that a symmetrical triangle has formed and now the price is under rising trend line support. Triangles are continuation patterns and the target for Ethereum is 1700 which is in line with a very important horizontal support. EthUsd back above 2800 would put a pause in this scenario.
COINBASE:ETHUSDShort
by Mihai_Iacob
3
Sell Limit ETHUSDWhat I see: - Price is looking to complete the 2nd half of the head & shoulders - 5 rejections from zone - 3 rejections from support zone - 3 rejections from resistance trend line - 2 rejections from support trend line - Stochastic is oversold and crosses in the 4hr chart - Price is currently around a previous major structure level (2558.48) - Stochastics in the daily chart is heading towards oversold. Price will most likely long towards 2799.75 "SAFE SELL ENTRY" for a zone retest as price is currently around a pivot point, stochastic is oversold in 4hr and there's a hammer candlestick confirmation. After, I'll be expecting price to short towards the ascending trend line. More specifically, 2418.30.
COINBASE:ETHUSDShort
by PassionPipsTrading
3