ETH - Ranging, wen longBounced off the bottom of the channel and currently retested $1700 resistance.
BTC doesn't look too strong rn, so I'm not going to long resistance and left some bids at $1550.
Information is just for educational purposes, never financial advice. Always do your own research.
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Eth2
$ETH/BTC 4h (Coinbase) Broadening wedge on supportEthereum is looking bullish, even more after that descending channel breakout.
Current Price= 0.03824
Buy Entry= 0.03827 - 0.03727
Take Profit= 0.04110 | 0.04393 | 0.04924
Stop Loss= 0.03473
Risk/Reward= 1:1.1 | 1:2.03 | 1:3.77
Expected Profit= +8.82% | +16.31% | +30.37%
Possible Loss= -8.05%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 240h
ETH - 4h. Buyers return the mark of $1270.After setting a new local high on January 25, the ETH market began to correct. In the previous two days, sellers attacked the mark of $1270 . In the previous idea, we wrote about the importance of this mark for the continuation of the upward trend in the price of ETH
Yesterday, during the fall in the price of BTC , buyers of ETH for some time gave out under their control the level of $1270. However, if you look at the 12-hour candle , the sellers did not have the strength to fix the price below this mark:
To continue the growth trend , buyers need to determine how many sellers remain in the ETH market. Therefore, before testing our $1580 target , we will expect to repeat the test of $1270 . Only then will we be sure of continued growth.
An alternative scenario will take effect if buyers do not withhold $1270. In this case, sellers will continue to adjust the price in the ETH market to $1,200 (Black scenario)
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ETH - 4h. The critical point of the local growth trend is $1270.The local weakness of the BTC market and the systematic decline in its dominance played a positive role for ETH .
If on January 22 the price of ETH submissively fell along with the price of BTC, then during yesterday's local attack of sellers in the BTC market, the ETH market showed growth.
Today, trading volumes in the ETH market are higher than BTC.
At the moment, buyers have taken the critical level of $1270, which we wrote about in the previous idea :
Now buyers have managed to update the local high, but the price continues to trade within the yellow wedge. In order not to lose the initiative, buyers need to keep the mark of $1270 and after consolidation to continue to grow with the first local target of $1570 .
From the nature of the ETH price increase, it will be clear whether there is a prospect for stronger growth with a target of $1800.
The loss of the $1270 mark will continue to consolidate within the wedge and sellers will test the range of $1150-1200. This scenario also has a right to life. Given that the previous weekly candle of the ETHBTC pair closed to continue medium-term growth, a slight correction to the green range is still possible:
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ETH-4h. Below $ 1270, the correction will begin.The buyers initiative, which began on January 11, is beginning to weaken. The price of ETH slowed down before updating the historical high. This is strange, because BTC is in consolidation and does not take attention.
On January 19, buyers managed to update the local high . however, relative to the previous high is only 7% higher. The price stopped for 2 dollars to the historical high of 2018.
The new wave of growth looks rather weak and the breakdown of the mark of $1270 will begin to correct the price of ETH. Having settled below this mark, we expect the price to continue falling to the range of $980-1000.
Interestingly, ETH trading volumes are currently larger than BTC volumes . By reducing BTC's dominance by at least 10%, ETH could feel like the king of the crypto market.
It is possible to buy a coin with confidence only after fixing over the range of $1340-1390. It is the loss of this range in 2018 and was the beginning of a global correction of the ETH market.
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ETH-4h. Break the critical range of $1260-1350 and test $2660.Pretty soon the price of ETH reached the target. We wrote about in the previous idea .
Buyers did not give any chance for correction. Investors' expectations of the $900 mark proved futile. At the moment, the price of ETH is preparing to storm the main range of $1260-1350.
After the first test on January 7, trading volumes fell sharply . However, this is natural, because the price has fallen into a consolidation triangle, from which the price is more likely to shoot up . The sellers' attempt to impose a fight on January 8 was unsuccessful. Of course, 12 hours of pressure on the price by average volumes is not enough to reverse such a powerful trend .
As a result, the price is now preparing for a shot that should break the critical range of $1260-1350 and set a new all-time high.
The first medium-term target where buyers will feel serious resistance is the $2660 mark. However, to begin with, you need to hold on to the critical range of $1260-1350.
b]The critical point of this scenario is the $ 1160 mark. Having secured above it sellers will select the local initiative and will be aimed at the test of the range $980-1000.
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ETH will explode $550K in June 2022Based on my cyclic harmonic calculations, ETH can explode $550 K in June 2022...
This is not only because June is the month of my birth and I'm bullish on ETH, also, because ETH has this potential to gain this value...
Beside this Technical Analysis, Fundamental analysis confirms this potential...
At that time, also, ETH 2.0 will have a major progress...
Who knows? Let's wait and see the result of this idea at that time... ;)
I'll be happy and thank you if you share your thoughts and comment it below...
BITCOIN: You have to be nuts to short this limited resourceBitcoin is revolutionary. The mass still own zero of it but everyone's heard about it. Accumulating at the dip. MMT: Modern Monetary Theory. This is what created Bitcoin and what is driving it at insane levels. We've seen nothing yet.
Now we have whales entering via fund and stocks for companies in this space. Miners on Bitcoin and Validators on ETH.
Exciting time to be in crypto.
Etherem 2.0 + Altseason can push Ethereum like Bitcoin didThe required Ethereum staking amount has been hit a couple of days ago which was around 554.000 ETH.
This target was hit way faster than Vitalik thought at first and so ETH2.0 can launch sooner than most thought.
IMO PoS is a better consensus than PoW in general and surely for price increase.
Although the process will take somewhere between 1-2 years to fully implement on the whole mainnet, the price may increase already fast.
This is because BTC dominance reached a resistance area and altcoins have A LOT of room to grow still despite having a recent pullback.
Altseason already began and imo most broke out of longterm technical patterns.
For ex: $XRP broke out fantastically out of Head & Shoulders pattern with 142% increase even causing down time at Coinbase.
ETH2.0
ETH2.0 staking will allow people to earn interest on their holdings causing people to hold their assets rather than selling.
ETH2.0 itself will bring a lot of improvements to its smart contracts and will change existing projects that are already running on the network.
IMO it is a good time to jump in on Ethereum with some alternatives like VeChain and NEO in your portfolio which are good alternatives to Ethereum.
Remember that implementing this new version will take about 1-2 years.
Technical
Once Ethereum reached my second target there is alot of room to quickly gain volatility to my third target.
A retest to $440-450 is very realistic and would be a very good zone to jump in on Ethereum IF it touches this zone.
The first target is a little bit harder to break through because of the possible amount of supply available at this zone.
$ETH/USDT 8h (Binance Futures) Ascending wedge on supportEthereum is still up trending in Higher Time Frame and people are buying the dips to accumulate for ETH2.0 Staking!
So far 100EMA seems to be holding too, I believe this is a good opportunity to join them for a small swing inside the rising wedge.
Current Price= 545.02
Buy Entry= 541.05 - 529.01
Take Profit= 569.70 | 594.9 | 594.97
Stop Loss= 511.90
Risk/Reward= 1:1.5 | 1:2.59 | 1:3.4
Expected Profit= +12.96% | +22.40% | +29.38%
Possible Loss= -8.64%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 2x
Estimated Gain-time= 360h
ETH-3h. Sellers still have a chance for revenge.The weakness of the local trend of falling ETH prices from December 1 forced sellers to retreat to $ 530. The price did not reach the goal of our previous idea .
However, has the price correction been completed?
The local level noted in the previous idea was not broken.
The $600-620 price range stood.
Even the local range of $ 585-582 remained under the control of sellers. (from this range on December 8 began to fall to $ 530).
The current growth has taken place without any accumulation of buyers. We are generally silent against the trend line.
Local continuation of ETH growth is possible after fixing over $585. Otherwise, buyers will expect a better price.
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ETH-4h. The first target has been achieved. Next - $510-520.The sellers exceeded our first target, which we wrote about in the previous idea .
Fear of losing the sweet growth trend forced buyers to launch a counterattack. However, we expected to see high volumes near the trend line. Now sellers have clearly outlined the channel of the fal. The prospect of falling prices to the range of $510-520 remains high.
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ETH-4h. Be careful in the $550-560 range!The hype around Ethereum 2.0. was able to significantly raise the price of ETH. However, buyers failed to break the $600-620 range.
The last attack of buyers was on low volumes .
The critical point for continued growth is $550-560. Above $620, buyers will once again be able to dream of a $840.
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ETH 12h The target is $780-800 or 320-325 and everything is realSince the publication of the previous ETH idea , the price fell by 20% , to the first liquidity level of $480.
However, buyers did not want to give up so easily and bought the price back to the sales zone of $600-620 within a week.
The launch of ETH 2.0 was also a positive news factor.
These inputs force the calculations and ETH targets to be corrected.
The critical level that buyers and sellers will most likely fight for now will be $535.
If buyers win, they will be able to drive the price up to the range $780-800 before the end of the year.
If sellers manage to lower the price below $535 and, ideally, fix below $480 , then the Double Top reversal pattern will activate. The final target of such a figure is in the zone $320-335.
Etereum (ETHUSDT) - platform launch took place[b ]Global trend up
Local trend up
Break out mirror level
to the moon!
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P.S. I personally will open entry if the price will show it according to my strategy.
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