Ethereum has kicked off 2023 with some good momentum. The price successfully managed to break the trendline on the daily time frame indicating that the 13 months downward trend may be coming to end. Should ETH retest the $1240 mark and close an hourly candle above it, the bullish sign will be confirmed.
Hello, welcome to this ETH /USD 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- Ethereum (ETH)
Another week has passed with little excitement for Ethereum investors as volatility was low – likely due to the Christmas holidays. However, ETH’s price did fall by 2% in the past seven days. This is a...
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Decided to update the chart a bit and share my thoughts on the ETH chart
From the technical side:
Previously, I expected to see the removal of shorts to the $1250 zone, but as we can see, the chart is still frozen in place, and here...
BYBIT:ETHUSDT.P
4H time frame
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Obvious resistance can be seen through fib retracement at 1225.8
There is also the pressure structure for ETH.
With this trend, we can conduct a strategy which has good risk to reward ratio.
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Entry: 1225.8
TP: 1172, 1149
SL: 1245
What's better to start the year other than seeing our favorite cryptocurrency pairs going green?
Just as we saw with bitcoin (see 'Related Ideas' below), we have higher lows since November 2022... Meaning, a long time of consolidation.
We saw a major drop in November yet the bear volume remained really low.
The volume is still super low now indicating that the...
I invite you to review the ETH/USDT chart on a one-day interval.
However, here we can use white lines to mark a long-lasting sideways trend channel, while locally it is worth marking a local uptrend line.
Now with the help of Fib Retracement we will check where the price has support, and here we see that we first have a support zone from $ 1213 to $ 1180, but...
Harmonic Pattern as system is known for finding possible reversal zones and hence assist in swing trading. But, most effective way of using harmonic patterns is in trend following. This can yield really amazing results when played with proper risk management.
Conditions
In trending market
Established trend followed by pattern
Trade Settings
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✅ ETH is moving in a downtrend.
The price is in the accumulation zone.
I expect an early breakdown.✅
🚀 SELL scenario : short to 1047.🚀
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Remember, there is no place for luck in trading - only strategy!
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Hello my friends, today I want to talk to you about ETHUSDT,
I made a few conclusions about Ethereum.
Recently the price tested resistance level and local high and failed.
Currently Ethereum bounced from local high to support zone $1169.42-$1181.69 (fib 0.618-0.66) and bounced up.
At the moment the price broke the 2-wave level (orange line) and pulled back,...
From Dec 28th and onwards we see intense consolidation... its in the earliest hours of the New Year we see Eth in trajectory for a breakout. It would be interesting to see if current levels held. I like the probability of it rallying on the day beyond $1280--$1330 in price, that is where i have my hopeful eyes steered. However I'm quite content to get there in...
Shoring at this level with moderate leverage allows us to bear further upside with relatively low liquidation risk; the trend remains bearish on longer TFs, so the direction should be correct
Idea: The price is trying to break through the 200 EMA of the 2 hour chart, the middle line of the channel and the daily 50 MA. A hidden bearish divergence is forming, which may indicate a continuation of the downtrend in the near future
☃️💥💐🌲Merry Christmas💥💐🌲☃️
I hope 💥2023💥 will be one of the best years of your life, and together we can achieve great success.
Ethereum was able to break the uptrend line with a long red candle.
I expect Ethereum will go down at least to the support zone.
Ethereum Analyze ( ETHUSDT ) Timeframe 1H⏰ .
Do not forget to put Stop loss for your positions (For every...
