Ethereum failed to recover above the $3,120 pivot zone against the US Dollar. ETH price is declining and it could extend its losses below $2,950.
Ethereum struggled to recover above the $3,120 and $3,125 resistance levels.
The price is now trading below $3,080 and the 100 hourly simple moving average.
There is a major bearish trend line forming with resistance...
Ethereum has been chillaxing in a sidewards movement for a while now. However, it should start to take some action soon! We expect it to climb into the orange zone between $1902 and $2207, where it should finish wave (i) in blue. Afterwards, Ethereum should drop into the blue zone between $1475 and $1017 to complete wave (ii) in blue. There is a 40% chance,...
Ethereum has been consolidating in a ascending parallel channel in a 4-hr time frame.
There is a negative rsi divergence there.
We may short Ethereum once the parallel channel breakdown.
Support/target levels or there on the chart.
Can wait for a entry, Once it retest the parallel channel support we can enter the trade and hold it till our target price.
Ethereum doesn't look nice with this double top formation
However the present of the 2.618 fib circle ring may allow for a bounce to occur
ETH/BTC also looks ready to push higher after just moving below a major trendline, signaling the upward move
Ethereum has been doing aqua aerobic in the blue zone between $1456 and $1013 for a while now, moving up and down along the 61.80%-retracement. Although it could have gained enough drive already to start the ascent, we expect the cryptocurrency to dive a bit deeper still before rising out of the blue zone. As soon as wave (ii) in blue is finished, though, Ethereum...
Ethereum is still acting coyly regarding the lower blue zone between $1456 and 1013. So far, the cryptocurrency has only dipped into it shallowly and drawn back, as if its surface was too cold to the touch. We expect Ethereum to overcome its reluctance, though, and to dive into the lower blue zone properly to finish wave (ii) in blue. Afterwards, it should move...
Ethereum has been following my second scenario yellow path pretty perfectly against Bitcoin, we are currently sitting just under resistance at 0.0769 which we have wicked off of multiple times already, weakening the level everytime. We are sort of moving sideways but i think the momentum is building up for ethereum and its only a matter of time before we smash...
Ethereum has had a nice rally since it formed a double bottom, congratulations to all my followers who took the long trade setup. It is now forming a potential double top, with the neckline at 1930. The double top will only be confirmed if price breaks below 1930, and it will be invalidated if price rallies above the second top at 2025.
Why follow?
1....
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!
Ethereum Break Out / Break down is very near if break this triangle than 429, 419 and if break out than 484. Lets wait and watch in both conditions volume should be High. :point_up_2:
Ethereum bounced from the demand zone twice forming a tweezer bottom BUT was unable to close above the EMAs, which does not bode well for bulls. The support level near the channel bottom and FIB seems to be holding so far but signs of resistance are creeping in.
MACD signal line is trying to crossover bullish and histo has just now turned gree, however, RSI...
ETHEREUM is approaching it's Key level *previous major level (resistance/support/resistance).
Unlike most of the times that we look at BTC to make analysis and prognosis for the market, at this stage ETHEREUM is the one chart that decides if we will have a Bullish or Bearish next couple of days.
If the price can breach over this level the chances of a second-leg...
