Ethereum (ETH) is a decentralized blockchain network that hosts the cryptocurrency Ether, which acts as a 'fuel' for decentralized apps on the network. Since it launched in 2015, Ether has quickly rivalled Bitcoin as one of the world's most valuable cryptocurrencies in terms of market capitalization. The chart gives a full picture of the ETH/USD live price. You...
Our last Bitcoin analysis caused quite the stir... Understandably those that are holding Bitcoin would want to see it moon BUT we would rather be cautious and mark out any other possible scenarios that may happen and would allow us to buy into Bitcoin more before it moons. Now that we've completed wave B, we can see that we made a new high = can't be a 535 flat...
Ethereum (ETH/USD) Fundamentals and Technicals Look Promising The outlook for Ethereum, both technically and fundamentally, is starting to look rosy and this should feed through into its price over the coming quarter. Between late November 2021 and late January this year, Ethereum fell by around 50% to a low of just $2,200 as the whole crypto market mood turned...
On the daily chart below, we can see that ETHUSD has been basically ranging for a month. The cryptocurrency is struggling to take off as hawkish Fed bets are placing a lid on it given that liquidity and looser monetary conditions are the main drivers of Ethereum. The rally since the Silicon Valley Bank collapse was diverging with the MACD which is generally a sign...
Ethereum with ticker ETHUSD is coming higher after three waves down from 2023 highs, which can be wave 4 within a higher degree leading diagonal. Notice that price is trying to break out of a downward channel as well, so it seems that bulls can be in play and ready to gain much further, especially now when risk-on is back after FED and NFP data last week showed...
Ethereum’s (ETH) price continued consolidating for a third consecutive day on Friday after the hefty losses seen at the beginning of the week. Traders continue exercising caution despite news of German asset manager DWS Group launching an Ethereum exchange-traded commodity (ETC) and JP Morgan analysts providing positive updates on Ethereum's potential security...
Hello Traders, here is the full analysis. Watch strong action at the current levels for Buy. GOOD LUCK! Great buy opportunity ETH I believe that the asset will return to growth after fixing above the resistance level. Bullish Retest Reversal: Ethereum's price shows a V-shaped reversal, indicating a bullish retest.
Etherrem looking to complete the 5th wave i am seeing a long upside of Ethusd but now my target will be the nearest resistence to make a new HH. Be careful about the the resistence we will be witness a retest of the the current price again.
Hi Friends 😚 As we mentioned in the Bitcoin analysis on February 2, 1401; After breaking its downward trend line, the price continued its upward movement up to the resistance level of $24,200 (Bearish ob), when the price reached this level, sellers took over the market and caused selling pressure in the market. which finally led the price to the support zone of...
Similarly to Bitcoin, Ethereum is approaching a critical zone where we'll be looking to buy. We require the current wave to move lower than the 3rd wave completion (900) for it to be a valid wave 5. However, in the rare (very rare) cases, it may be a truncated wave 5 where wave 5 doesn't create a lower low. Trade Idea: - Watch for price to move below 900 - Once...
My system tells me to go LONG on ETHUSD Its probably a new long term uptrend begins Lets see what will happen next
Ethereum is in a massive ABC correction. We are now in C wave which is broken down into 5 waves, which follow the impulse schematic of Elliott Waves Principles. We are currently on the 5th wave, which is also broken down into 5 subwaves (red numbered brackets). We are currently on the 3rd SUBwave and expecting a 3rd minor wave lower. Trade idea: - Watch for the...
In our last post we identified that we're in the final 5th wave. This wave has 5 subwaves. We've seen wave 1 and now we're in wave 2, which is a correction. Expecting wave 3 lower. Trade Idea: - Watch for wave 3 to break the red trendline for confirmation - For a risk entry, watch for a rejection of lower timeframe fib levels or lower timeframe trendline break...
Ethereum is in a bigger ABC correction and we are now on wave C, which is made up of 5 waves. We are finally in the 5th wave and this is where the madness begins. Where is the bottom? Do I buy now? Should I short once more? There will be crypto sceptics shorting Eth believing this is the end of Ethereum and on the opposite side, loads of bargain hunters...
In Elliott Wave, the C wave usually has 5 waves which follow the impulse schematic, which is: Wave 1 = 5 waves Wave 2 = 3 waves Wave 3 = 5 waves Wave 4 = 5 waves Wave 5 = 5 waves We can see that we're on the 5th wave now. The 5th wave is also subdivided into 5 subwaves and we are currently seeing subwave 4. Expecting one final move down (subwave 5) to complete...
What is Divergence? Divergence indicates to us that a trend is losing momentum and could be ready for a reversal or a deeper correction soon. When we see divergence, we should be cautious when trading in the direction of the trend and look for countertrend/reversal trades. How to identify Divergence? When price is making lower lows, MACD (or RSI ) will show...
#Ethereum Technical Analysis:- #ETH Rejected form Resistance TL. And Also Forming Inverse H&S Pattern At Bottom. $1850-$1900 Will be good Catch with $2400 Target. TP only Activated after Breakout. Stop Loss $1798
Our last Ethereum setup resulted in running raw gains of over 10%. We now have another chance to get in with shorts back down to the 1700 level. On the lower timeframe Eth is giving us a really nice bearish correction, which we can monitor for a breakdown. Trade Idea: - Watch for correction to breakdown and enter - Stops above the correction - Targets: 2200,...