Well, here we go again! Another long on ETH, riding the trend because, hey, trend is your friend, right? Plus, we've got a beautiful divergence between price action and the VOLD indicator. Happy Trading, folks! 🚀
Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
Greetings Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have...
ETH price found support at the important 3'670 level and is now trading back above the 100 SMA. This could be an excellent point to buy the dip for a rally back to 4k (and finally break it). ...4.5k could come soon!
Ethereum continued to rise to a new high yesterday, and the bullish sentiment has not yet dissipated. It can be seen as the end of the upward trend, but there will still be some space above, so it will continue to rise. The main reasons for looking at the rise are: the daily line has hit a new high again, indicating that the upward trend will continue, and...
Strategy: ⛈️ Trapping Lighting This strategy focuses on assets that are overall bullish either because of fundamentals or sentiment. They should be relatively simple chart behaviours with volatility dips that could be due to profit taking after hitting key levels or events. As long as the event or news does not change the bullish sentiment or fundamentals. I...
No change in view, and we have started corrective action. I feel we may see lower $ 3,100 but intermediate stops may happen of course. Strategy SELL @ $ 3,800 - 4,000 and take profit @ $ 3,105 and place SL above $ 4,150.
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.