1h time frame
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ETH is creating a potential continuation structure. Also, got support at 0.618 Fibs, which projects target at 3100 in future. Considering the consolidation trend, better to enter while retest critical support in lower time frame.
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TP: 3100
SL: 2395
Here is an update to my previous post which has so far called the short term top.
ETH continues to get rejected around $2,570-2,580. This shows the 0.236 has currently flipped into new resistance. A potential $2,300 target is still in play.
🧠From a weekly perspective, the goal of our double-bottom long structure has not been fully realized. Combined with the expectation of supplementary growth + the existence of the Cancun upgrade expectation, the upper goal is still worth looking forward to, we just need to remain patient.☕️✔️
➡️Let us look forward to it together🙏🚀🌕
🤜If you like my analysis,...
Hello traders, I want share with you my opinion about Ethereum. By observing the chart, we can see that the price a few time ago started to trades in an upward channel, where it at once rebounded from the support line and rose higher than the 2030 support level, which coincided with the buyer zone, breaking this level. After this, ETH in a short time declined to...
After a rally and the price gets stuck in a channel, it is expected that the price can grow as much as the previous rally after exiting the channel.
R/R=3.5 and safe for long
"Ethereum is probably the most mature ecosystem, the deepest ecosystem. As a platform for decentralized applications, there's just so much infrastructure and activity around the world. Bitcoin is a narrower technology ecosystem, but it is a fairly mature technology, so they are both important candidates," Lubin said.
Taking a peek at the ETH coin on a weekly basis, we see a nice dominance of it where, while BTC is tanking, ETH is pushing!!
With more and more rumours about Ethereum ETF, prices seem to follow up the movement of BTC (before the ETF)
If we see this kind of move, we might see ETH near $3500 from where we are seeing a very high probability of downward movement or...
Eth is breaking out of a falling wedge and beginning to put in a few new motive waves. In my opinion the first target is the $2,620 region, Next $2,793 and the final region will be a brief over shot of the 1.618 in the $2,900 region.
Price is ranging slowly but steadily in a descending channel after it got rejected off the 12h supply at $2,640. MACD is showing bearish weakness, RSI is neutral and EMAs are neutral. Price is expected to retest the 6h breaker zone around $2,400 before potentially expecting some bullish movements.
BTC ETF NEWS REACTION WILL PROBABLY LEAD TO A LITTLE BIT MORE CORRECTION ON ETH.
Based on the ETH/BTC Pair we an expect bullishenss once the btc dip is over.
The crypto giant Ethereum has started a downtrend since November 2021 and after completing wave 5 of Elliott. An AB-CD target has been hit accurately on June 19, 22 which could be a reversal point target areas near 2378.
The speculations here have an unusual habit that need to be taken into consideration. After the completion of any patterns, there is another...
ETHUSD overall idea is bullish currently reaccumulating on the 4H chart meaning we expect higher prices to form in the coming week. In the next few days we are expecting a push down solely to form the Spring
Currently reaccumulating on the lower timeframe meaning we are looking for a long setup on the lower timeframes (i.e 2H,15M,3M)
Looking for spring...
ETHUSD overall idea is bullish currently accumulating on the weekly/daily chart meaning we expect higher prices to form in the coming weeks.
Currently reaccumulating on the lower timeframe meaning we are looking for a long setup on the lower timeframes (i.e 2H,15M,3M)
In terms of market structure on the daily and weekly we are currently forming a Elliot...
I invite you to review the chart of ETH in pair with USDT, also on a four-hour time frame. You can see here a similar movement behavior as in the BTC chart, it can also be defined with blue lines, a local channel of an upward trend, in which the price remains for now.
Going further, it is worth spreading the fib retracement grid to determine price supports. And...
