At the FOMC last week, interest rates remained unchanged, in line with market expectations. The labor market showed strong performance in U.S. employment report released on Friday. In an interview over the weekend, Powell said a rate cut was possible this year, but based on current economic data, it was unlikely that an interest rate cut will be imminent. CME...
Mixed trading conditions lie ahead in the next 24 hours, with Ethereum and Binance Coin profiting from a bullish sun, indicating upside potential. The price of Ether already added 1 percent to 2,330 dollars. Yet, bearish clouds are lingering over Bitcoin, Litecoin, XRP and Avalanche in the next 24 hours. Over a one-week horizon, the trading conditions will...
A hold at pattern support sends price back to 200EMA with consolidation closing in on breakout. Final breakout point is assumed mid-February (14th-15th) but we can expect a push/fall by 2/9. Note that continued rejections at 200EMA, along with entry direction, may result in breakdown. Look to trigger H4 EMA crossover + D1 MACD divergence for the best chance at...
ETH.X in downward trend: 10-day moving average broke below 50-day moving average on January 28, 2024 The 10-day moving average for ETH.X crossed bearishly below the 50-day moving average on January 28, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 11 of 22 past instances when the 10-day crossed below the 50-day,...
In the Ethereum community, traders are keeping a close eye on recent crypto market happenings, especially how Ethereum compares to Solana. They're discussing technical stuff like patterns and support levels for ETH/USD. One hot topic is Solana's decentralized exchanges outdoing Ethereum in daily trading volume. People are feeling positive about Solana's success...
The situation is 1:1 similar as with BTC, there is no difference at all on the chart. This is a big problem because many continue to believe in the ETH and LSDfi, L2 narrative which will further strengthen the largest crypto ecosystem of this market. Honestly, I have given up hope on altsummer and for the future when everyone is talking about it, I will start...
Hello Everyone, The long-term bullish trend will be determined by the price's response around the 1M/1D PP, indicating potential for either further upside or downside movement. TradeWithTheTrend3344
ETHUSD Up. Wants to touch 2500. 61.8 Fib move. Divergence. Confluence Area. Similar move up in XRP. 4-5x move possible.
Here on the 2H timeframe we can see ETH has started to form a valid pattern. We have a trendline of resistance and one of support with multiple touchpoints thus validating this pattern. Therefore, we should see a breakdown or breakout within the next 24 hours.
After a long hold at short-term EMAs ETH finally takes direction dropping to pattern support. Assume consolidation between here and 200EMA indicating a smaller ascending layout. Keep in mind that it's still possible to drop below pattern as long as we refrain from closing. Slight adjustments may need to be made given upcoming PA. www.tradingview.com
any attempts at recovery will first encounter resistance at around $2,328, a level that now marks the lower boundary of what was a consolidation range before the drop. A close above this level on significant volume could signal a temporary respite from selling pressure. However, the real test lies at higher resistance levels, previously established around $2,510,...
Price continues to hold between EMAs as we progress within the ascending pattern. Both cup-and-handle and double-bottom scenarios are now considered invalid and we should assume current pattern as a somewhat last resort. Expect consolidation to carry out until mid-month; doing so would prevent the 2750 crossover. www.tradingview.com
BINANCE:ETHUSDT Ethereum pumps up to the sky for several hours...
Ethusd has stalled on the 30 min tf. 1hr shows resistance with a shooting star candle. 2230 will make a lower low pattern.
Still no budge as consolidation continues between short and long-term EMAs. Previous patterns remain valid however an ascending scenario may prove more accurate. Keep in mind the entry direction and eventual breakout point between support and 200EMA. www.tradingview.com
Hello, dear friends! How are you?♥️ Today, I wanna draw your attention to the hourly chart of Ethereum! The short-term situation looks very interesting. Today, the upward trendline was broken down, but the price returned to it, trying to recover and consolidate! If you're interested in my opinion, there is potential for a slight rise to the levels of 2300...
Yay! The moment has arrived, today ETH is overtaking BTC in terms of growth dynamics. Bullish on ETH fam And seriously, the picture with ETH continues to be depressing. I haven't seen ETH so weak against BTC and other core alts for a long time. Just think about it, this may be the first cycle when the alt season will pass without ETH. Some may say that this is...