#eth #ethereum price moving in ascending channel and formed bearish divergences. The divergences played out with minor dumps but what's the next?
That we can expect new High's on this ratio But not to expect the kind of run that ETH experienced last cycle obviously . Going from $88 to near 5K was a barn stormer of a Bull run a 50X !!! If this continuation head and shoulder plays out The linear projection would give us a 7.5X Whilst the log target suggests 18x A match for what #BTC did last cycle ......
Hello TradingView Family / Fellow Traders, As per my last analysis, ETH rejected the $3000 support and traded higher. What's next? Scenarios: 1️⃣ Bullish - Continuation For the bulls to maintain control, a break above the $4,000 - $4,100 is needed. In this case, a movement towards the $4,500 resistance would be expected. 2️⃣ Bearish - Correction...
Last weeks high: $71,999.47 Last weeks low: $69,028.57 Midpoint: $66,057.66 After a historical week for the crypto space with the ETH ETF approval has meant that BTC has taken somewhat of a backseat. Currently battling with the '21 ATH at SWB:69K while ETH is beginning to pic up strength in the ETH/BTC pair and take volume away from Bitcoin. Ethereum has been...
Last week, the SEC unexpectedly approved the ETH ETF. Although it is still some time before the launch of the ETH ETF, the cryptocurrency market has entered a carnival. ETH started pumping, narrowing the gap with BTC in terms of gains. We believe that although the ETH ETF has been approved, the pledge utility of ETH will still make the SEC cautious about ETH. On...
Hi friend. There is situation when market show strong signal to purchase ETH. We have a big volume ~217K in the past and this volume is clear purchases. Difficult was to take this information from bears accumulation process. But now its clear to understand. We go upper to 4090. Follow me;) You can watch my previous idea (i thinking that bears accumulation was...
GM, this morning BTC started to drop again, and the candle close on the 27th was bullish but faced strong rejection. The fear and greed index is still in the greed status this morning, so overall there's still a chance for BTC to drop further. However, my personal opinion is that BTC might just move sideways between 69K - 70K until the end of May. Let's see where...
To date, the market has reached another turning point, let's look at further prospects. The goal of returning above 3500 on the air was successfully fulfilled against the background of the opening of the quarterly candle above the level, however, the second half of the quarter opened in a negative zone, which will support sellers as they approach the end of the...
Trade setup : Price is in an Uptrend. Following a bullish breakout from a Descending Triangle pattern, price spiked up 25%, broke above $3,700 resistance and is approaching our near-term target of $4K. It's a bit overbought (RSI ~ 70). Now we look for the right entry opportunity in Uptrend. We wait for price to either 1) break above $4K to signal continuation...
Hello, We have exciting news and insights to share with you! With the potential approval of the Ethereum Spot ETF, we foresee significant movements in Ethereum’s price over the long term. Our detailed analysis and forecast are illustrated in the attached chart, providing you with a clear vision of what might be ahead. Ethereum Long-Term Price Outlook Current...
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ETHUSD Major weekly charts You see the technical levels. We are above the trend midline and this zone is a strong support. In the back we have mayer multiple bands and gaussin channel in colour. Analysis plain and simple. now only patience. Significant volume increases in the bottom zone point to a trend reversal. Media Attention: Starts ✔ Ethereum ETF:...
Like BITSTAMP:BTCUSD and much of the crypto market, COINBASE:ETHUSD is also in a strong uptrend. A correction began in March and concluded at the beginning of May. After breaking out of the corrective falling wedge, the price rose again to the 4k zone, with a high likelihood of breaking above this important level at this moment If this occurs, I expect...
This is my long term Eth chart. Eth looks to be short term headed to next resistance at 6.6K and very likely near $20K area later this year. If it gets to $20K resistance, it's very possibly a good sell for a move back to to $4K.
Hi Traders, My thoughts on the current price action on the LTFs. All the best, S.SAri
Weekly shows we closed above the previous weeks resistance and it seems to be just getting started. Looking for previous highs around mid BER:20S , MACD has momentum and should plateau at the medium, imo of course.
#personaloutlook #marketupdate #cryptoweeklyupdate on 27/05/2024 #sekilascrypto #ETHBTC As I mentioned last week, we have successfully broken through the yellow area at 0.4883212 - 0.05036641, indicating that ETH is starting to strengthen against BTC. So, what's next for ETHBTC? Currently, it remains quite strong and bullish, but as we can see, the Stoch RSI is...