There's a strong trendline dating back to September 2021 that has acted as both support and resistance 5 times. It's currently acting as support as ETH has reached resistance on the upper trendline that dates back to December 2021 and has 3 touch points.
The FVG between $1450 - $1300 has yet to be filled and likely needs to do so before ramping back up to fill...
$ETH rejected at pattern resistance once again as we drop down to the first expanded support with a hold at the second expanded average.
Based on this position it's possible that we continue correction towards the second expanded support, or 200EMA, which would extend consolidation out to 3/08.
If we don't receive a bullish breakout by the original final marker...
🦋 #ETH/USDT 1H TF
The zone of $1630 - $1595 is good for trying some LONG.
Invalidation below $1556
The target for this Upward movement is $1680 - $1740
Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also erased Wednesday’s gains, with the world’s second-largest cryptocurrency failing to break a ceiling of its own.
Following a high of $1,672.05 on hump day, ETH/USD dropped to a bottom of $1,635.85 earlier in Thursday’s session.
The move occurred as ethereum buyers...
Ethereum seems to be ready for a new downtrend. Below the resistance, we see a negative divergence of the RSI, and the LRSI is overbought without any positive movement in the price. These are pre-bearish signals
Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also raced higher on hump-day, as prices once again moved above $1,650.
ETH/USD raced to a high of $1,658.69 earlier today, less than 24 hours after nearly falling below $1,600.
As a result of this surge, the world’s second-largest cryptocurrency climbed to its...
Similar to Bitcoin, but with less price volatility, Ethereum saw a steady climb to the upside from the support level of 1600 to the resistance level of 1670.
However, after testing and rejecting the resistance level, the price retraced down to the 50% fibonaccci retracement level at 1630.
Further upside is anticipated for Ethereum, especially if the price stays...
Ethereum (ETHUSD) is about to complete an Inverse Head and Shoulders (IH&S) pattern with the Support of the 1D MA50 (blue trend-line). With a 1D Golden Cross already formed since February 08 and the formerly Bear Cycle Resistance of the 1D MA200 (orange trend-line) now turned into Support, this IH&S targets the 2.0 Fibonacci extension, a little over $2000. That is...
Ethereum is preforming better, period! I think there are some obvious differences here. No doubt Ethereum is and will continue to preform better then Bitcoin.
Amen!
At the monthly chart of Ethereum everything look very healthy. Ethereum is still above the Leading Span A + B = Healthy market.
Unlike Bitcoin. Bitcoin Broke at the monthly under the Leading Span A + B = Not that much healthy at all... There for I have no doubt Ethereum will preform better then Bitcoin in maybe the next comming two years.
Bitcoin may have for...
A rejection at inner symmetrical support sends $ETH briefly below pattern before a strong recovery off 200EMA.
Price currently holds above 1640 (blue) with consolidation forming between 1650 (yellow) and resistance.
Right now we're in a good position to continue fill out within the inner pattern as 1640 will eventually crossover providing an added...
