ETGH hit the long term swing target posted in January a while ago.
Since that time we've had the big 76 retest. Slight spike out of it and we currently hold the second test. In the instances where the 7 will hold, we'll not go back under it. This offers a good RR long op.
We may have actually made a break of the 76 in the first run down, but even in these...
The question imposed two weeks before still holds. Namely, it is currently unclear whether ETH price is driven by the market expectations over forthcoming Shanghai fork or general technical`s? During the previous week, ETH`s price was holding strongly and outperformed the increase in market capitalization of the BTC, which is a rare performance of ETH. The price...
ETHEREUM looks stronger on the daily chart than the same Bitcoin or SP500 index after the fundamental data release on Thursday and Friday. What happened and what should we expect?
Ethereum rises 1% while market falls
Bitcoin, the world's largest cryptocurrency, fell after U.S. jobs report
The SP500 index is down 1.09% since opening
The U.S. economy...
Price back below symmetrical support after being rejected around the intersection of prior resistance and 1650.
Lows have been established at 1610 which should serve as neckline for potential double-top continuation.
If we break this zone (likely from a close off D1) refer to long-term pattern average (blue) -> 200EMA -> 1500 as critical supports.
If you pull a FIB channel on the 2 week chart you will find that ETH has dropped below the .25 fib and "should" continue to drop all the way down to the 400-600 range (log charts have a higher variable)
The face is that the price has dropped below the previous all time high in 2017 which was 13k. This means the impulse is surely over and the massive 1 2 3 4 5...
These are levels that I'll be keeping an eye on when dealing with ETHUSD, and I'll revise as price action progresses.
I adapt to the change in money flow.
This is short-term movement I'm tracking, but soon I'll do an analysis from the higher timeframe perspective. Price had a bullish impulsive and now it's forming an ascending channel to two key levels which is...
A 1-week chart analysis of Ethereum can provide valuable insights for long-term holders of the cryptocurrency. By examining the price trends, volatility, and volume of Ethereum over the past week, it is possible to make predictions about the future performance of the asset.
For instance, a steady upward trend in the price of Ethereum over the past week,...
Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) rose marginally higher on Saturday, remaining close to a resistance level of $1,700 in the process.
ETH/USD hit a high of $1,670.70 to start the weekend, as the world’s second-largest cryptocurrency bounced away from Friday’s low at $1,634.49.
Following a surge to...
ETHEREUM long term bias is bullish due to many reason one of the crucial reason is price momentum have changed, already touched the lowest level as crypto crashed, price is currently in process of making big bullish impulses so let's not miss it out on it!!
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Strong support at 1650 to maintain above ascending pattern and trigger a breakout at symmetrical resistance (slightly adjusted).
A new line was added to indicate the extreme with holds remaining per yesterday's post; these have been highlighted for better clarification.
A double-top scenario is still possible if we fail to hold symmetrical support.
- yellow = consolidation for another week --> quick break up (2000-2300) --> quick flash down (1000-1500) --> $750 end of the year
- grey = same as yellow but slower
- red = melt up --> quick 5000$ --> quick down --> final deflationary bust in 2025 (300-500$)
% of probabilities
- yellow = 70%
- grey = 20%
- red = 10%
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2weekly chart of Ethereum
We can see that we're currently in wave 3, subwave 4. Subwave 4 is looking like a WXY correction. Currently in wave X and expecting one more drop for wave Y.
We're anticipating wave 4 to be finish above the blue structure, which is our wave 4 invalidation level.
- On lower timeframe, watch for an ABC completion for wave...
Ethereum — the world’s second-most famous blockchain network — is a platform for creating decentralized applications based on blockchain and smart contract technology (a command that automatically enforces the terms of the agreement based on a given algorithm). It's the chain that birthed DeFi (decentralized finance) and started the NFT craze which saw billions of dollars pour into cryptocurrency. Safe to say, it's one of the big dogs.