ETH has fixed above 200EMA (4H TF)
Price broke up 50EMA (4H TF)
RSI chart is in the bullish zone (4H, 1H and 30m TFs)
I believe that Ethereum will start to rise after fixing above the upper boundary of the liquidity zone.
After a 40% run to start off the new year, Ethereum continues to consolidate in an orderly low volume fashion near its highs.
The big question will be, can this ignore major macro forces if the US Dollar, Yields, and tradfi volatility start to spike? That's unclear, so there certainly remain risks, but as it stands in isolation, this consolidation looks great...
Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also stuttered in today’s session, with prices moving close to the $1,600 level.
Following a high of $1,662.58 to start the week, ETH/USD fell to a bottom of $1,615.39 earlier in the day.
This recent decline comes after a failed attempt to move past a long-term...
Looks like we may have a bullish bounce for a couple days before dropping out of this rising wedge. Targets up are 1700 & 1800 respectively. Downward are Bear Harm at 1450 & Rising wedge about 1370.
We are in a bullish trend and just need to cool down and think how far ahead we are.
After gold and forex have fallen for a while, the cryptocurrency market entered into correction last week. Financial markets reacted to the strong employment and a slight drop in CPI. However, the next FOMC will be held on Mar.22, and there will be a new employment data and a new...
Price is currently taking support at 1600 level which is also 0.786 Fib.
If price breaks above 1740 level, with heavy volume , next resistance can be seen at 2000 level.
If price breaks below 1470 support, next support can be seen at 1360 level.
On a daily timeframe, the price is still above 50 and 200 EMA and RSI above 50.
Important events in the coming week...
Looking at the H4 chart, my overall bias for ETHUSD is bearish due to the current price crossing below the Ichimoku cloud , indicating a possible shift to bearish market structure. Looking for a sell entry at 1658.36 where the 50% Fibonacci line and overlap resistance is. Stop loss will be at 1742.50, where the recent high is. Take profit will be at 1525.12 where...
Possible inverse head and shoulders forming on the H4 for $ETH
If this right shoulder can hold above the 200ema and we press the neckline, it's an easy push to the prior high at 1730 area imo.
Cheers
Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) on the other hand, has been predominantly bullish to start the week, with prices rising back above $1,600.
ETH/USD, which dropped to a bottom of $1,597.21 on Sunday, surged to a peak of $1,645.91 earlier in the day.
Prices have primarily climbed in the past few days,...
Looking at the H4 chart, my overall bias for ETHUSD is bearish due to the current price crossing below the Ichimoku cloud, indicating a possible shift to bearish market structure. Looking for a sell entry at 1658.36 where the 50% Fibonacci line and overlap resistance is. Stop loss will be at 1742.50, where the recent high is. Take profit will be at 1525.12 where...
#ETH /USDT Update:-
$ETH currently trading at $1633
Our CTT (Coinlion Trend Trader) told us to exite ETH at $1595.
If ETH breaks the resistance of the falling wedge (resistance since November 8th of 2021), it could reach our target around $4072.
Our entry point (02/17/2023) : $1638
Exit point : $1595 (3% loss).
This is to show that our Indicator does not not...
The Ethereum Foundation, a Swiss non-profit organization created in 2014, aims to promote and support research, development, and education on the Ethereum platform. With a treasury of around 336,000 ETH, the foundation regularly awards grants to projects that make a significant contribution to the development of the Ethereum ecosystem. In 2021 alone, they...
A strong hold off 200EMA provides enough momentum to help us recover back into pattern.
Support remains as shown however a second line was added to indicate a possible expansion (+ final breakout point).
Keep in mind that price is still below 1650 which means that we have that hurdle in order to continue fill out.
D1 does show a hammer reversal so it's likely...
With price action following the November '22 fractal step-by-step, we should stay vigilant of a sharp ETH correction.
On the technical level, we find plenty of evidence for bulls running out of steam with ETH, BTC, and TOTAL2 all running into major resistance.
Combined with a lot of fresh longs entering the scene, all we need is a catalyst to create a mass...
ETHUSD broke out of a corrective pattern with impulse and is currently creating a lower degree corrective pattern. looking forward to trading the breakout to the upside
