ETH dropped a bit further than expected, taking us briefly below 200EMA before recovering. The stepping pattern has been adjusted and now indicates a weekly close closer to 4k. Continuation of pattern assumes eventual correction of this bullish advance. To hold momentum we should maintain 4k support in hopes of triggering a breakout. www.tradingview.com
What you think? We may be moving into a correction for a bullish move or get down as it’s likely to correct at the indicated levels?
Looking for possible rebound around the $3500 price for some sure pullbacks before buying aggressive for the ATH
ETH perform channel up and try to break channel up support right now. We have buy zone around 3758 to 3891 to follow bullish movement, and if this support broken, we still have fibonacci support at 3402 Bullish from this point at 4083 resistance, with maximum target at channel up resistance, around 4360 I will update this analysis if I found a new key level.
Consolidation closes in on 4k after another rejection at ~4050. A stepping pattern has been outlined which assumes an eventual push to 4150. However W1 close is expected closer to 4000-4050. Closing within this range should be the focus but continued recovery seems low. www.tradingview.com
The highly awaited implementation of Ethereum’s Dencun upgrade just happened. It will not only drastically cut the Ethereum blockchain’s transaction costs (gas fees), but also optimize data storage. Read more about the upgrade’s positive implications for users, developers and the Ethereum ecosystem as a whole here. The price of Ether rose 0.8 percent to $4,058...
GM Bitstampers! In our previous post , we described the basic concept of support and resistance . Now, we'll explore the significance of round numbers in acting as support and resistance. Importance of Round Numbers as Support and Resistance John J. Murphy highlights the relevance of round numbers as support and resistance in his book "Technical Analysis of...
Here’s the midterm game on ETH’s meteoric rise prior to it’s minsky moment some time down the road
In the chart you can see two patterns, the bullish triangle (black) and the bullish flag (orange), which give the next minimum objectives for the price of Ethereum 3257 and 3122 respectively.
Today Is an Ethereum Update. ETH/USD Is Above $4,000 An update is scheduled for the Ethereum network today, approximately at 16:55 GMT+3. The update is called Dencun and is the biggest code change since April 2023, when the Shapella update was implemented. Dencun aims to reduce fees on the growing array of ancillary networks running on top of Ethereum, called...
We observe a potential 5% consolidation on the Ethereum H4 chart, with support at 3800 and resistance at 4000 levels. Currently, we await a retest of the support zone. Additionally, considering placing limit orders at these levels.
Price back above 4k after recovering from a drop to 200EMA. A slight double-bottom has now formed and may be the needed push for continuation. As a reminder there are roughly 5 days remaining on this weekly candle. Look to keep above 3685 critical to avoid further correction. www.tradingview.com
We have bearish signal on ETHUSD chart. Bears are getting power to retest 3800 support zone. Risk reward 1/4
The last time the crypto reached current levels, interest rates were near zero. Now a supply-demand imbalance is eclipsing the outlook of higher-for-longer interest rates.
A sharp up trend is evident on the 4Hr chart for ETHUSD This trend line potentially may provide support for next move up.
We observe a Change of character of the Ethereum H1 chart. Currently, bears appear poised to initiate a correction and retest the 2260 demand zone.
Suggesting using a cup and handle structure with the current move being in the handle phase of this structure. Price stays between the two white indicators which are potential lows and potential highs. I am bullish. The dotted lines are a channel that I think may still be relevant for this progression.