This chart is a simple Elliot wave analysis of the cryptocurrency Ethereum. This chart is on the monthly timeframe using a line chart for a clearer picture. The starting point is an impulse leg with a small pullback with indicates impulse instead of correction. Price after completing 5 legs with an extended 3rd leg finally topped and retraced perfectly to the...
Overall, Ethereum's market dynamics reflect the situation with BTC. Ethereum recently underwent a minor correction and is currently trading near the support zone of $2,465–$2,514, where a buyer response can be expected soon. For the continuation of the upward movement, CRYPTOCAP:ETH needs to break through the seller's zone of $2,581–$2,646 and test the high at...
It seems to be moving towards a flag pattern....It seems to be heading towards a flag pattern...albeit for short time frames
With the approval of the Bitcoin ETF already in place, the market is now eagerly awaiting the approval of an Ethereum ETF. In the spot market, attention has shifted towards Ethereum, with traders actively speculating on its price. We can observe Ethereum (ETH) forming a double bottom on the H4 chart last week and initiating an upward movement. Subsequently, it...
Ethereum reached a resistance area, and to continue the pump it need to flip it into support. A rejection here could probably lead to price to new lows. I will wait a moves before entering a trade
Hello Everyone, The current ETH/USD situation places it in proximity to a significant monthly resistance level at 2502.313 and close to the weekly Pivot Point at 2487.897. There is a strong possibility of a retest of the monthly Pivot Point at 2258.437. A decisive establishment below 2487.897 could signal a higher likelihood of testing the 1M Pivot Point at...
Price remains below 2585 critical causing another touch off 2500/wedge resistance. A double-bottom may be in play if we can flip short-term EMAs and keep above 200EMA. Closing below the daily piercing (dashed red) should be avoided in order to continue recovery. www.tradingview.com
Smart to buy 2530 -2535 area iinto the 2540.. Stop loss 2520 Take profit 2770 Watch any reversals ; this is a good reversals buy position
Probably from a little higher we have a correction to the broken level and preparation for the next growth
In my opinion, this resistance has been broken and Ethereum will grow in the coming months. To use this chart to trade, switch to the daily time frame.
Ethereum Classic (ETC) and Ethereum (ETH), two prominent cryptocurrencies, often find themselves compared due to their shared history. An intriguing aspect of their comparison is the formation of a similar liquidity pool from below, providing valuable insights into their respective price actions. 📉 Common Liquidity Pool Formation: Both ETC and ETH experienced the...
As you've already understood, history is the most crucial indicator in my technical analysis. I was hesitant to conduct an in-depth analysis of Ethereum(ETH) for a long time because the geopolitical situation worldwide doesn't provide the same information as technical analysis. The current structure intricately mirrors the cycle of 2020. I anticipate a local...
🔍 Analyzing ETH on the LOG chart: It's shaping a triangle formation, with a crucial level to monitor at $2,500. Without a sustained close above this mark, a potential downward move to below $900 might unfold. Keeping a close watch. 👀 📈 Follow for more chart insights!
ETH clearly has 3 higher highs on the chart and respected the connected resistance line. GANN wise we are seeing the end of this run, and I feel $ 2,700 seems a tough nut to track for now. Medium-term we should be seeing move back towards $ 2,150 and even it feels unlikely due to the hype out there, the chances are there to see lower levels again. The key is how...
ETH in the Trend Channel: I see Ethereum cruising within this upward channel until we blast past the top boundary (marked in blue). No worries about breaking the bottom, that's just a bounce pad for further climbs. NFA DYOR CRYPTOCAP:ETH CRYPTOCAP:BTC
#ETH is now trading around 2600$. Ethereum Pumps Up After Retest Like We Predicted. Those who would have opened long positions would have booked good profits. Enjoy the profits Guys🥂. So the Possible scenario is now according to the pattern we can expect more pump in #ETH. Stay tuned with us for further updates.
Ideally, would like to see ETH stay above 600s from here on out. Monthly chart, will update on lower weekly time frames as time progresses.