After an initial drop to 1700 important support, Eth has risen quickly above 2k figure and has spent the following 2 weeks in consolidation.
In the past 2 days ETH has lost 15% of its value giving us a clear indication that the previous range was in fact distribution.
At this moment 1900 should provide strong ceiling and rallies towards this zone should be...
Short on Ethereum again for very valid reasons.
Our last post was 'Do or Dive' and what happened is the second..Dive:
The key rebound never happened, after we had been short for 6 monthsL
Finally one of our greatest posts, at the right time:
4 main reasons:
Too many competitors.. ( unlike Bitcoin )
Too expensive gas fees
Too many expectations
Another bearish breakout for $ETH to send us down towards prior low (~1700).
Note that since we've received a rejection at long-term trendline there's a good chance we could drop back to 1700 before a proper recovery attempt.
This recovery could send us to ~2150 (or corresponding LT trendline) but would likely be short-lived, going off the idea of a larger...
Ethereum is currently approaching weekly support.
On 1H time frame, the price formed a double bottom formation and broke its neckline.
It looks like soon we will see a pullback.
Initial target - 1845
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ETHEREUM is retesting a monthly horizontal support
So despite a very bearish price action
I think we can count on one more rebound
Before the breakout but we careful
And manage your risk well
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See other ideas below too!
Welcome members to this ETH update in 3 days timeframe.
I posted this idea on the 12th of May 2022. It was a clear H&S pattern and then ETH dropped by 36%. As per the present scenario, ETH is still holding the Support 1 level which is at $1700. In order to see some positivity, ETH must hold this level. Moreover, after the breakdown, ETH has not bounced back,...
ETHUSD current trading paterns are clearly pointing
In the direction of a long trade
That is why I am bullish on the ETHUSD pair
And I think it will go up!
Like and subscribe and comment my ideas if you enjoy them!
ETHUSD may reverse soon.
Approaching a major weekly structure support, the market formed a classic reversal pattern.
Our team expects a pullback to 1877
Please, like this post and ask your questions in a comment section!
Hello and happy Friday to all. Most of my ethereum charts are a continuation of the same analysis/message I am trying to convey. People are freaking out that ethereum is dropping, but I, for one, welcome it. When all the billions of dollars that are staked in ethereum come to fruition, it will be a lot harder to get in (when ethereum is trading at 4k, 5k, 6k). ...
On the H4, with price expected to bounce off the stochastics indicator support, we have a bullish bias that price will rise to our 1st resistance at 1885 in line with the 50% Fibonacci retracement and horizontal swing high resistance level from our 1st support of 1737 in line with the horizontal swing low support. Alternatively, price may break 1st support and...
Each bounce off the bottom trendline has produced a rally of diminishing returns. I am expecting a short lived rally to the 50 DMA (orange on chart). we will likely retest some low and get some real doubt in the markets, I am excited for an opportunity to correct some of the mistakes from the last crypto bear market. I will be buying the lows even if ETH dips...
#Crack #Ethereum #ETHUSD #Binance #Daily
- Ethereum is testing the support of the section $1,651.51-$1,786.12, which provided strong support from May to July of 2021.
- The Fibonacci expansion of the bear trend was supported by the 0.618 level, and VP was made, but the 0.618 level support failed in the bear trend that appeared the previous day.
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). Its cryptocurrency is listed under the symbol ETH and is also used for various transaction costs on the Ethereum network, such as gas fees (which can be infamously high at times).