ETH is currently very difficult to analyze, the market shows a lot of volatility and the trend can change very quickly, but there is nothing to worry about because for LONG, ETH is still a great investment
Ethereum is currently trading within the range seen in the bottom and top white lines, which are the support and resistance.
We also have an uptrend as seen per the blue line indicating a sort of ascending triangle.
In most cases ascending triangles are bullish, however for us we still need to come down to the support to confirm it as a proper support.
Ethereum - Intraday - We look to Buy a break of 3181 (stop at 3088)
Daily signals are bullish.
Pivot resistance is at 3175.
A break of 3180 is needed to confirm follow through bullish momentum.
The bias is to break to the upside.
Prices have reacted from 2650.
Our profit targets will be 3448 and 3498
Resistance: 3100 / 3180 / 3300
Support: 3050 / 3000 / 2950
We can be seen to entering the best possible entry territory for ETHUSD (green circle)
This is second to the entry at the aqua circle
We sell when Ethereum enters the overbought zone in the red
This leaves the price at around ~8000USD
Similarities can also be seen on the MACD, with two peaks
We had a nice break from this falling wedge and we are forming a pretty large W / potential inverse head and shoulders. Indicators are looking pumpy and we already got a pump from the macro golden pocket down around $2750 (exactly as I had predicted, by the way). Short term target is $3,680ish
Ethereum is doddering at $3,100 after failing to break the resistance at $3,200.
The MACD may call more buyers into the market if Ether confirms a break above $3,200, a move that could bolster ETH toward $4,000.
Ethereum moved with its peers on Thursday and managed to reclaim the ground above $3,000. As reported earlier this week, the prominent smart...
I have sketched out how I think the moving averages will develop in the coming days/weeks
I believe this drop is just a fake and a sharp recovery is in order
Having the MA's layered 50,100,200 allows for easy upward movement
BTC dropped toward 40k, as i was expecting in my previous analysis, and now it is ranging between 42-43k.
Now ETHERUM traced a small Bullish divergence on the 4 HR time frame, my expectations are not too high, but i will try to long it ONLY &ONLY IF 4 HR candle closes above 3086. my targets are highlighted in BLUE on chart.
This is a high risk trade, so to...
Twice previously the 50MA has been a point of bullish rejection for price
Will we see a third rejection? and continuation upward?
It seems ETHUSD has built up a large support area that id like to assume will hodl
I want this to go to 8K
I also think Visa's recent purchase of a Cryptopunk NFT is very big news for NFT's and Ethereum and may contribute to a move...
Hello^ Ethereum traders^ and those, who wanna start trading it 😊
Good news I guess!🧐 We expect either the recovery of the bullish trend or a good rollback upward!
The MA's hopefully crossed, hinting at a buying opportunity😃
Let's waiting the price at 3400 -3500 - 3600 $ but first we can see the retest of previous support👇
- Despite i don't like ETH for my own reasons ( cheap creation of scams coins, unlimited supplies, fees outrageous, lack of scalability, etc.. )
- i have to admit ETH stayed strong, it was the first real token and his popularity never stopped to grow.
- ETH 2.0 is coming and the standart now is to make more scalables "Green" Coins.
- That said Ethereum is not the...