Hello TradingView Family,
I found ETHBTC chart interesting. Here is why.
First, we had an inverse head and shoulders formed around 0.01-0.02 demand zone, then the bulls took over by breaking above the gray neckline.
We had our first impulse movement, and we are currently in a correction phase in the shape of an ascending triangle.
For the next/second...
This is how I believe the estimates for an ETH $13,000 were conceived...
Similar to $BTCs 'repeating fractal Wyckoff pattern', there is a thesis that ETH is also following a repeating fractal pattern of its own.
The tops of the pattern form the base for the extension into the next larger fractal.
( I've highlighted these fractal pattern tops in blue rectangles...
LONGTERM TRENDLINE shows ETH has hit the STRONG RESISTANT AT 4800.
ANYTHING ABOVE This level is PERFECT SELL
ETH risk:reward ratio at 4800
Risk 80 to reward 20
there is no strong support yet, so ETH will likely re test the bottom at 3600
Stochastic, RSI is overbought
DON'T GAMBLE YOUR LIFE on something that's not realistic.
Ethereum is a decentralized, open-source blockchain with smart contract functionality.
Ether (ETH) is the native cryptocurrency of the platform.
Amongst cryptocurrencies, ETH is second only to Bitcoin in market capitalization.
ETH has bounced up from support @ 4619.85 using Aspen Trading Support & Resistance Levels.
It has moved closer to the resistance...
While BTC has outshined ETH over the last day, I think it may be transient. While BTC is busy bumping up and down in a consolidation zone, ETH is out there continuing to make new all-time highs. Volume is still fairly low on both, but we are moving in the right direction and ETH is proving to be the unstoppable Juggernaut. For now, it's steady as she goes....
With both ETH and BTC sitting close to all-time highs we are seeing a "quiet before the storm" scenario. Trading volume is low and few are willing to commit to new positions. Both buyers and sellers are poised, waiting for a clear signal that the market is going up or down. ETH is sitting comfortably above all lines of support and resistance except for the...
TA wise there is a lot going on with ETH at the moment. My apologies that the chart is starting to look messy, but I feel like I need everything to remain there as all notations are relevant. Most significantly, since yesterday ETH has broken down out of the uptrend it's been trading in. It immediately found support on the top trend line of the longer-term...
ETH needs to hold here or at least $4K. My expectation is that it will start to move lateral and with caution. ETH primary usage now has been the huge demand for NFTs. The space of NFTs however seems like the Wild Wild West, where investors and buyers (collectors) are having a hard time identifying the good projects from the rotten apples, which now I can say are...
Like I sad in other posts, most Alts are waiting on ETH to break ATH to start breaking ATH`s as well.
We are depending on the timing now, if ETH start overtaking BTC, we could have a big move in the Dominance even though BTC is slowly going up.
We are still in BTC`s time, but be ready to move your capital accordingly and take full advantage of the...
ETH to BTC at 0.06 seems to be finding support with BTC at 60k. I think ETH has the potential to go up to 0.08 per BTC or around $4.8K-$5.0K in the coming weeks-months through 2022.
The demand for ETH has been increasing to use it to purchase NFTs and other electronic memorabilia with utility or without, like virtual art, and other stuff.
Demand for ETH will...
CRYPTO KING ETH - Possible upside down head and shoulders. If ETH breaks that 3600 barrier the pattern will be confirmed.
RSI is stronger on the right shoulder.
Volume decreasing slightly.
STO is at the top though but ETH can hang in the high STO band and fly.
Stop 3350
Target 1 3750.
ETH and SPX have kept similar rhythms through 2021. The main two exceptions are a run higher in the spring for ETH and an ensuing lull in the summer. The stock market and cryptocurrencies simultaneously entered a deleveraging phase on September 7th. With the Fed ready to reduce support and government shenanigans becoming the norm, big investors as shown in dark...
ETH price action gives no reasons to doubt that we are about to break $4k and PUMP hard towards $10k. At least the price action looks ready for that.
This is also supported by the larger trend and indicators, all being bullish . I really fail to see how ETH can stop here... as soon as we pass the old ATH , we're going to be back into price discovery ... when that...
The upward trend of the ETH probably continues up to 4200, considering that the previous 4200 is the ceiling of the ETH major, we may have a negative reaction in that area.
I recommend ETH Holders not to sell at least 4,200 Atriums.
