If we consider this canal that ETH broke it downward, it kept going under the bottom line and then broke it upward to top of the canal. Going slowly on the bottom line of the canal, kind of consolidated ETH and now it is flying to the top line of the canal in mid-term to long-term periods. I believe there's a big chance of a correction before breaking the ATH.
A huge breakthrough for ETH as we reach 4k+ for this first time in over 2 years!
The next critical resistances have been marked at 4150 and 4300 but non-criticals will be established along the way due to limited PA.
Critical supports (long-term) have been left in at 3685 (W1 bearish piercing) and 3520-3580 (W1 neckline) in the case of correction.
As a...
ETHUSD trading strategy:
Currently ETHUSD is fully supported by EMA 34, with the ability to create DOW from the chart, using Fibonacci I expect ETH/USD to retest around 0.618 which is 3967 USD and 0.5 which is 3942 USD before markup.
We are in the 3rd global wave.
In 5 local, which began in 1100
On an even bigger TF, we are in 3 waves...
We don't have much left before ATX.
Nearest targets for ETH:
5,400
7,900
11,000
Then a drop to 4300 by February 2026.
The cryptocurrency market is hot - as hot as it has been in many years. However, FOMO is not a good guide for trading decisions. It is better to wait for the market to cool down first, and then reorient oneself towards going long. In Ethereum, we have identified sell-side liquidity around $3,200. We expect the market to tap into this liquidity before ETH reaches...
Currently ETH testing previous ATHs which is strong monthly support.
In hindsight this will result in a clear retest of previous resistance, now flipped into support.
Even more bottoming indicators:
ETH testing Monthly MA50.
Monthly RSI is now testing bottom floor.
Hello Traders !
The Ethereum Broke a Strong Resistance Level (3581.60 - 3373.43).
This Resistance Level Becomes a New Support Level.
So, I Predict a Bullish Move 📈
------------
TARGET: 4295.00🎯
ETH price like any other asset goes up and down and sideways.
If an asset goes up very fast and it's more volatile than usual..
May indicate either it will reach a new local top.. or keep pumping to the next top!
However after reaching each top... a pullback is very very likely !
When the greed index goes thro the roof with BTC and ETH is time to consider ALT COINS
I have been confused about ETH's chart for a while. It looks a lot weaker than BTC and it has been consolidating in this range for a very long time without a break out. I am going to make the argument for a cup and handle pattern. Current price action in the handle is flagging underneath the upper regression line. A break out would move toward the cup top. Price...
In Ethereum (ETH) trading, we have reached the global "OB" point on the monthly timeframe, marking it as our primary area of interest (POI) to begin analysis and strategy formation.
In addition, there has been a noticeable accumulation of liquidity from lower levels, indicating a potential decline to the 1-hour FVG (fair value gap) followed by directional...
Just a short update. We had minor move down to $ 3,825 area and then a sudden move above $ 4,000 handle. It shows that the bears wishes to control the scene, but sorry to say, I feel it will be painful when we see a decline back towards $ 3,087 38.2% FIB correction, which I feel is very possible.
Looking for a possible bullish continuation on the current bullish trend on ETH
This ter thee market broke above the 28/03/2022 high. This is the same high that I have been tracking on the BTC.
Looking for ETH to rally towards its ATH at 4951.83 .
A break of this high I will track the Fib extension high and looking for possibility of the market touching the...
ETH just broke above 2022 March-April resistance. which currently turned into support.
bull intact as long as price above to stay above $3400.
next resistance 4200 , 4800
MACD momentum = bullish
A nice close on yesterday's D1 to allow for some additional consolidation in the 3900s.
However a sudden dip ended weekly below zone likely indicating upcoming correction.
The goal line has been adjusted to 3685 which should be the lowest support point for bullish continuation.
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