ETHUSD: Insights for Ethereum for the next few days
Good day, traders! I hope this chart will help you with your profits :)
Looking at ETHUSD chart, we have the main things to look at:
There are News of Ethereum/USD you should know(from NewsNow.com)
*Just Recently, Eth/USD entered the top 100 assets of the world in market cap
*Crypto market cap breached $1 TRILLION
*Ethereum tokens flood exchanges suggesting imminent correction on the horizon
ETHUSD is still loaded with positive news.
But indicators and technical analysis say otherwise for the short-term.
Bears flock to take profits at the $1200 area, the residence for the Fibonacci Line and Upper Channel Line, a hard resistance the bulls have to overcome.
And the first pullback is yet to happen since the "Great Crypto Craze". We can expect a dip to 900-1000 dollar levels in the next week, then, after that, the next up-thrust will most likely happen.
Even with bearish technical analysis, there are still no signs the trend will reverse to the downside. In fact, Ethereum is talked about almost as much as Bitcoin in the media. Ethereum is in fact, beating Bitcoin in terms of percent!
Overall, Ethereum is an interesting coin to watch. In future ideas, I will compare its performance with Bitcoin, fundamentally and technically.
Thank you for reading my insights! Anything you disagree with/want to tell something? Tell it in the comments below! I would really appreciate it.
Make sure to follow Trader_ph, and like this idea for more stuff like this.
Thank you again!
Looking at ETHUSD chart, we have the main things to look at:
- The pullback is yet to happen, so expect a retracement
- The price is at the trend channel resistance, as well as the 4.764 Fibonacci Line
- The price is at parabolic levels
- RSI is very strong and on bullish levels
- ETHUSD as a whole is in a bull trend
There are News of Ethereum/USD you should know(from NewsNow.com)
*Just Recently, Eth/USD entered the top 100 assets of the world in market cap
*Crypto market cap breached $1 TRILLION
*Ethereum tokens flood exchanges suggesting imminent correction on the horizon
ETHUSD is still loaded with positive news.
But indicators and technical analysis say otherwise for the short-term.
Bears flock to take profits at the $1200 area, the residence for the Fibonacci Line and Upper Channel Line, a hard resistance the bulls have to overcome.
And the first pullback is yet to happen since the "Great Crypto Craze". We can expect a dip to 900-1000 dollar levels in the next week, then, after that, the next up-thrust will most likely happen.
Even with bearish technical analysis, there are still no signs the trend will reverse to the downside. In fact, Ethereum is talked about almost as much as Bitcoin in the media. Ethereum is in fact, beating Bitcoin in terms of percent!
Overall, Ethereum is an interesting coin to watch. In future ideas, I will compare its performance with Bitcoin, fundamentally and technically.
Thank you for reading my insights! Anything you disagree with/want to tell something? Tell it in the comments below! I would really appreciate it.
Make sure to follow Trader_ph, and like this idea for more stuff like this.
Thank you again!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.