Ethereum has gotten a lift from a strong support level at $4450, as we anticipated yesterday. We are currently in the range between $4450 and $4670, also predicted yesterday. Kelly Strategic Management has filed for an ETF on Ethereum futures. Watch how the SEC responds to this, as ETH should rally on positive news regarding this ETF. But for now, We...
Ethereum very strong- 6 of 7 tasks completed Ethereum´s 7 tasks on the 4h chart... 1. recapture the first red trendline channel - done 2. flip the MA Ribbon bullish again (green) - done 3. break the red horizontal resistance - done 4. break the red trendline channel on price chart - done 5. break the FIB golden pocket - done 6. break the red trendline channel on...
Ethereum broke $4K over the weekend, but just barely, before recovering support at our level at $4020. From there, the it rallied with the rest of the crypto market back to $4341, where we are seeing resistance as confirmed by a red triangle on the KRI. The Kovach OBV has picked up, but not to the extent where we are in full pump mode just yet. Ethereum is...
Ethereum struggles with its first 4 hourly task. Detail view on 1 hourly chart shows a rising wedge with MA Ribbon as resistance. Come on Lady Ethereum - if Bitcoin is a Mr. ;-) Drop me a nice comment if you'd like me to analyze any other cryptocurrency. *no financial advice do your own research before investing
Ethereum made a run for $4450, an extremely auspicious level. However it did not seem to have the strength to break through, and two red triangles on the KRI suggested resistance there. We swiftly sold off to the low $4K handle, and are currently in the vacuum zone between $4020 and $4258. The Kovach OBV made a flaccid attempt at looking bullish, but has since...
Ethereum whales held at the Last Line of Defense @ $4,000. We will likely NEVER see Ethereum below $4k again. This looks like the turnaround point. Could be MOON time soon!
Ethereum is increasingly hitting the 100MA in a short period of time, which is a signal of weakness. In addition, there is a declining volume, so the chance of a bounce from this level is very small. I expect that Ethereum will break this rising channel to the downside, which will result in a lot of buying opportunities at $4300, $4200 or $4000.
Ethereum price looks ready for a run-up to contest its previous highs at $4,172 as it is consolidating between the $3,900 and $4,200 barriers. Like Bitcoin price, ETH has corrected 11% from its swing high at $4,380. As long as the $3,900 support floor holds, Ethereum price will probably make a run up to new all-time highs. If the said support barrier gives way,...
Ethereum appears to have topped off at highs at $4858. We have punched through support at $4670, but a series of green triangles on the KRI suggest we are finding support at or around this level. The Kovach OBV has dipped sharply, so this may suggest support won't hold. The price action has largely 'rounded off' and the chart is looking a bit weak. If we test...
Ethereum appears to be leaving Bitcoin behind in its dust as it is making new all-time highs following the long consolidation period between May and October 2021. During that time period, many crypto traders would have lost interest and felt the trend was coming to an end, but staying on top of the charts is essential as anything can happen at any time. The 200...
Ethereum is trading in a no trade zone, meaning it is not making higher highs or lower lows. It must break either side and sustain for atleast one candle to clear the direction. Simple Plan to follow Plan 1: IF IT BREAKS ABOVE & CLOSE 4240 Long entries must be taken with stoploss. 3900 TP: 4500 and above Plan 2: IF IT BREAKS BELOW & CLOSE 3900 Short entries...
Ethereum is posting hidden bullish divergence on the RSI very near all time highs. It looks like it will surge upwards in the next few days/week(s). The two targets I have are 5,500 and 6,000$ as they're the 1.414 and 1.618 fib extensions. I'll close a chunk of my long at 5,500$ and close the remaining at 6,000$. I expect a brutal rejection and crash at 6,000$...
Ethereum found good support in the upper $3K handle. We loaded up here thinking this was a bargain price for ETH. In particular, we found great support at $3861, the level we called out yesterday. Since then, Ethereum has rallied, regaining the $4K handle with ease. It is currently in the vacuum zone between $4020 and $4258. We anticipate some ranging in this...
* Ethereum is in a healthy uptrend creating Higher-highs and Higher-lows following a pattern called Rally-Base-Rally. * Ethereum also appears with Bullish Flag a trend continuation pattern. * In order to continue the Bull run ETH needs break the $4220 resistance.
Ethereum price action was almost comical during the Thursday trade session, with sellers preventing Ethereum from making new all-time highs by just $2.70 (depending on the exchange data). Even though Ethereum closed 7% below the Thursday high and 2.5% below the open, buyers at first appeared undeterred. Some weakness and selling pressure have been observed during...
Ethereum is notably way more bullish when compared to Bitcoin. This same yellow trendline from the bottom of March 12 2020 crash on Bitcoin is broken to the downside however on Ethereum it is not. This seems to play into the fact that throughout 2018 all the altcoins pumped to extreme levels while Bitcoin died. If Ethereum breaks to the upside of its ATH and...
Ethereum has blasted off, gaining from exuberance in the crypto market over the Bitcoin ETF. We have blasted through the $4K handle, and are currently at the precipice of the $4300's. Our next target is $4450, which would make new highs for ETH. If we retrace, we should find support at $4020. Ethereum appears to have enough momentum to hold the $4K handle, but...
Ethereum forming a cup and handle pattern in weekly timeframe. This it's a bullish pattern. Ethereum could to reach 133% approximately only measure the base of this cup from bottom to top, and measure the future forecast where Ethereum it's leading for. My next prediction will be $9,000 USD in few weeks. So, Ethereum it's becoming more expensive every time as...