We previously wrote about the reasons for the positive sentiment in the ETH/USD market.
Optimism was added by a post on X (Twitter) by Vitalik Buterin about the so-called Werkle trees. This technology, which should (according to the information in the roadmap) be introduced in the future, it includes the advantages of:
→ reduced requirements for validators;
→...
After reaching a peak above $2700 and experiencing a typical correction, BITSTAMP:ETHUSD performed well technically. It remained above the support levels between $2150-2200 and yesterday, it finally broke through the $2400 resistance.
The current outlook for EthUsd is strongly bullish. As long as the price stays above the $2400 zone, we can anticipate a...
as we can see ETH been trading within a 45degree slope up trend.
$2900 need to hold for this Super Bull.
next hard resistance at $3400.
if price closed below $2900, market may just go sideways within 2800-3000..... sideways n boring.
if price go below $2800, then it might revisit $2500 level.....
MACD : very bullish.
A solid push brings ETH back to 3k with 50EMA now above consolidation average.
An early breakout is possible given recent bullish consolidation but that also means we should avoid dropping back into wedge due to the possibility of a higher-volatility sellout.
Focus on D1 close (~6hrs) to determine future momentum.
www.tradingview.com
ETH is showing some significant signs for a short term selling opportunity. As it has printed back to back to back 2 good quality divergences. That is why I will prefer a sell stop order with a hope of bears to put some energy to the idea towards my short orders. Lets hope for good. Thanks.
My Positions
Sell Stop : 2887
Stop Loss : 3007
TP1 : 2866
TP2 ...
ETH/USD registers a fresh yearly high ($3002) as the Relative Strength Index (RSI) holds in overbought territory, but a move below 70 in the oscillator may accompany a near-term correction in Ethereum like the price action from last year.
ETH/USD Outlook
ETH/USD stages a four-week rally as it extends the advance from the start of the month, with a break/close...
ETH is banging off a Fibonacci Level.
And here's what we need to remember about the 1.618 level that ETh just rejected.
1.618, also known as the Golden Ratio, holds special significance.
Here's why:
Mathematical Relationship: The Golden Ratio is an irrational number roughly equal to 1.6180339887. It is found by dividing a number in the Fibonacci sequence by...
In this analysis I want to discuss a way to time the market. Or more precise: to time the next ETH market bottom.
We don't have a lot of trading data to look at, but we have 2 instances where this strategy has worked. The strategy is simple: buy Ethereum once the weekly RSI is below 30 and enjoy the ride.
Every single time that ETH has reached oversold, this was...
BINANCE:ETHUSD ETDUSD (W) is poised to approach the $30K in the near future
ETDUSD (W) is poised to approach the $30K price threshold in the near future. The distinct bullish response within Fibonacci extension zone 1 ( GETTEX:29K -$32K) is evident. However, the sudden surge in price has activated a cautionary signal from the RSI indicator, suggesting a...
Hello traders. As a long term holder of Ethereum, I just wanted to post a chart / update. 1910 held as support. 1610 before that. Ethereum is on it's way up. Dencun upgrade will be a game changer if all goes as planned. You need to look ahead. With the potential market cap to be had in the near future, I can see Ethereum at $75k a coin or better by 2030. ...
ETH has recently been very strong. The trend is set to continue as long as we hold 2'880. A correction to 2'720 would be a huge buy opportunity. I personally don't think it will happen. Short-term target is 3'200.
The market started a new round of rise after digesting the reduction of GBTC holdings. Even after the release of less-than-expected U.S. CPI data for January, the market only called back slightly and continued to maintain a strong upward trend.
Although the max drawdown of BTC in this bull market has always remained at 25%, which is much lower than the level of...
Price pushes to the upper boundary to signal what appears to be the first breakout attempt of the newly indicated wedge.
I'm still not expecting a successful flip at this time but given this is a 'high volatility' zone it could be possible.
The focus now should be on maintaining 50EMA above 2750 until the next breakout attempt.
www.tradingview.com
Under 42.5k = REKT
But for now it's looks good for bulls
We dropped on Monday and didnt take liquidity, which made me suspicious.
ETH is performing better, which it does when price goes up.
I still believe we will drop but currently short term I think we can go up for a bit, not sure where to but probably 44k+
#ETH
The price moves in bullish waves on a 1-day frame
We now have an upward trend in blue that we rely on, and it has been touched
We have a strong support area in green at the 2150 level
We have buying momentum on the MACD indicator
With stability above the moving average of 100
Entry price 2265
First target 2486
Second goal 2767
The third goal is 2993
