ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- ethereum (ETH) slipped in today’s session, falling below 1,950.
ETH/USD dropped to a bottom at 1,949.15 earlier in the day, less than 24 hours after peaking at 1,974.78.
The world’s second-largest cryptocurrency has since rebounded and is once again closing in on a multi-month high.
ETH bulls will need to take price strength above an upcoming ceiling at the 64.00 zone.
Currently, the RSI has a reading of 62.59, which is its highest level since April 19, when the price was above 2,100.
Some believe that ETH could head back toward this point in the coming weeks.
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Ethanalysis
Ready to take off: Ethereum Ethereum Will go the way of the Bitcoin!
It break the resistance and it may go up from the current point or it may have a quick rest and then will go up.
Notice: Always be careful and ready for unwanted events, so put stop loss.
Any comment? please write blow and see the last analysis of Bitcoin, enjoy!
BTC, BNB - Bearish Conditions🐻 Sunnier Outlook for ADA ☀️The global crypto market faces cloudy conditions over the coming 24 hours, signaling a slightly bearish market with downside risk for Bitcoin and Binance after the Fed hinted at further rate hikes and the ongoing lawsuits from the US regulator weigh on the crypto universe. Trading signals for Ether indicate rain ☔️, meaning that a market rebound is likely over the one-day horizon.
Over a one-week horizon, sunnier conditions ☀️ lie ahead for Bitcoin, Binance, and Cardano where a slightly bullish market with upside potential is seen. Ether and XRP face less favorable weather, with clouds ☁️ and rain ☔️ ahead, signaling a slightly bearish market with downside risk.
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Ethereum: On the green ⛳️Ethereum is on the green or rather in the green zone between $1754 and $1457, still hesitating to advance further. Technically, the requirements for completing the current movement are thus fulfilled. However, we expect the cryptocurrency to ideally hole wave 2 in green around the middle of the green zone. This done, Ethereum should turn upwards, aiming for the resistance at $2138, which should be conquered in due time.
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- ethereum (ETH) was also a victim of the recent storm surrounding the market, with prices dropping below 1,800.
Following a high at 1,870.82 to start the week, ETH/USD slipped to an intraday low of 1,780.21 earlier today.
the decline in ETH was relatively muted, with prices hitting a ten-day low.
ethereum is now down by 6% in the last seven days, while Bitcoin has lost over 8% of its value within that same period.
Ethereum’s RSI reading currently sits close to a support point at 42.00.
bulls have moved to buy the earlier dip, with ETH now trading at 1,814.38.
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ETHUSD 4June2023ETH is currently still in the correction period, it can be quite long if you look at the current trendline pull. the invalid area is only a marker if the price goes higher then the elliot notation may fail, but that does not mean the trend returns to bullish. most likely what happens is a complex correction that can last long enough.
ETHUSD - LONG TERMThis is my view on ETHUSD pair for the long term.
Bulls will probably try to push to 2.6k if that happens expect a big rejection. Either way u should expect bottom ~$855/$666/$555
- Weekly MACD (Neutral but Bears got this)
- Weekly Pekipek's Divergence BETA (No signal yet)
- Weekly RSI (Still under Bears control)
- Weekly Stochastic RSI (Neutral)
- Weekly Cipher (Turning Bearish Going for a deep dive?)
- Weekly OBV (Bearish control being rejected)
#Ethereum - thoughts out loud #2 Good afternoon, dear colleagues!
I am glad to welcome everyone and wish you to get acquainted with my vision of the current situation on this instrument.
The situation is similar to the stage of accumulation (local) asset that began on 09.11.2022, where we are in the final phase before entering the trend movement (bullish). But I have some doubts, because the formation that we observe is obvious, most market participants may prefer long positions because it is "accumulation from here to the moon". Therefore, there may be several scenarios for the continuation of the movement:
1) We confidently break through the level of 1441 and rapidly move up until we run out of fuel (before that, we remove the stop loss by a rapid downward movement of 1211-1311).
2) "False accumulation" and the return of the price to the trading range after which we will see the depreciation of the instrument from the range of 1441 - 1551 to 999 - 888.
That is, professional market operators give the opportunity to realize the potential of the movement and expect how the crowd will pick up their idea and vision of the market. After all, we all understand that the market is created to 80% of participants lose money, but now not about that, let's return to the analysis. It is today that a number of important economic indicators are released and the volatility is expected to increase and why not implement our plans using the news background, the prospect is excellent and the scheme is worked out.
Dear colleagues, I sincerely thank you all for your attention and wish success to everyone!
And remember one thing:
"sometimes you win/sometimes you learn"
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) also posted gains at the start of the week, as it surpassed the $1,800 mark in today's session.
ETH/USD reached a high of 1,834.94 on Monday, after falling down to 1,787.54 in less than 24 hours.
This is the second day that ETH has gained, and it comes after a recent eight-day losing streak.
This resulted in Ethereum falling to its weakest point since March, however, it now appears that momentum has now shifted.
Price strength has also increased on Ethereum, climbing above a key point of resistance at the 44.00 level.
The index is now tracking the 45.85 mark with the next range at the 50.00 level.
I have tried to bring the best possible outcome to this chart.
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ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum Analyzing the daily chart, the price previously formed a higher pattern before experiencing a significant decline. The 50-day moving average at $1.8K acted as a support level, casting a significant shadow on the daily charts and substantial volatility on the lower time frames.
Currently, ETH is confined within a narrow dynamic range between the 50-day EMA, which is currently at $1931, and the key resistance area at $2K.
If the price manages to overcome the $2K resistance and surpass its previous high at $2.1K, it could potentially trigger an extended rally. Conversely, if there is a break below the 50-day EMA, the 100-day moving average at $1.7K will become a primary support level.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also made a comeback on Hump Day as the bulls started re-entering the market.
ETH/USD reached a peak of 1,879.76 on Wednesday, having dropped below nearly 1,800 the day before.
This move allowed Ethereum bulls to briefly propel the price above the 1,875 ceiling before retreating as the session matured.
Earlier gains were pared down as price strength was unable to overcome a key point of resistance at 48.00, with the index now tracking at 46.99.
Despite this, there is still some optimism that Ethereum could move above 2000 later today,
ETH is trading at 1,900.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) After hitting a high of 1,851.19 to start the week, ETH/USD fell to a low of 1,809.19 at the start of the day. Yesterday's decline saw the world's second-largest cryptocurrency down from its long-term price bottom at 1,830.
ETH has rebounded from this floor, as the sentiment remained relatively stable despite the earlier decline.
This happened despite the RSI trading under its own support point at 45.00 with a current reading of 44.30.
More moves could follow after the Fed's decision, with a possible move above 1,900 still on the cards.
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ETH is preparing for a BIG BOUNCE!!!Technical Analysis:
- In weekly, ETH is doing wave ((1)) in black
- In short term, ETH is doing wave 2 in red
- H1 right side is turning down
- H4 right side is up
Technical Information:
- If you're a Swing Trader, you can buy wave 2 in red around 1,670
- If you're a Position Trader, you must wait for wave ((2)) in black around 2,000
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was also in the red, as prices plunged for a second consecutive session.
ETH/USD dropped to a bottom at 1,829.41 earlier in the day, less than 24 hours after trading at a peak of 1,938.42.
Similar to BTC, today’s slippage sent ethereum below its own point of support at the 1,830 level.
ETH has since rebounded from this floor, as bulls opted to buy the dip, rather than continuing to flee positions.
This was helped by the fact that the RSI here also collided with a support zone at 45.00, and it continues to track beyond this point.
Bulls will likely be targeting re-entry above 1,900 in the upcoming days.
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BTC/USDT 3DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) Ethereum is determined to not give up and has found good support at 1,800. Despite this show of force from buyers, ETH still lost 1.8% of its valuation this past week.
The current target and key resistance are at 2,000, which is a psychological level where the price was rejected in the past. Therefore, if buyers are successful in pushing this cryptocurrency higher, then they will likely face stiff resistance at that level
Looking ahead, Ethereum has managed to maintain its uptrend by making a higher high and a higher low. Market participants should only get concerned if the key support at 1,800 is lost. Unless that happens, ETH has a good chance to test the key resistance at 2,000.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was in the green as prices snapped a three-day losing streak.
After a low of 1,805.32 on Tuesday, ETH/USD rose to a peak of 1,919.72 at the start of the day.
As a result of this move, Ethereum has reached a five-day high, with the price now hovering around the 1,915 resistance.
The last time ETH bulls broke this ceiling was on April 13, and on this occasion, the price soared to an 11-month high above 2,100.
For something similar to happen in this round, the RSI would need to clear a barrier at the 53.00 level.
At the time of writing, the index is tracking at 51.64.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also started the week in the red, with prices hovering close to a key point of support.
Following a high of 1,888.19 on Sunday, ETH/USD slipped to an intraday low of 1,831.16 earlier in today’s session.
As a result of this move, ethereum fell close to its long-term price floor at 1,830, however, bulls have so far rejected a breakout.
One of the reasons that a break has yet to occur seems to be due to the RSI, which continues to trend above support at 44.00
Price strength is now tracking at 45.58, with a ceiling at 52.00 a potential target for bulls hopeful of recapturing the 1,900 mark.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) continued to trend lower on Saturday, as the world’s second-largest cryptocurrency dropped below 1,900.
Following a high of 1,926.30 on Friday, ETH/USD fell to an intraday low at 1,827.79 earlier in the day.
As a result of this move, ethereum started the weekend by declining to its weakest level since April 9.
Today’s price slippage also resulted in ETH briefly breaking out of an interim support point at 1,830.
Bulls swiftly reentered the market seemingly buying the dip, and this has resulted in ethereum now trading at 1,848.66.
Although there is likely to be further declines in the coming days, once this current red wave passes, there may be a significant reversal.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also edged lower, with price nearing a breakout below the 1,900 mark.
Two days after hitting a peak at 2,105, ETH/USD dropped to a low of 1,904.42 earlier in today’s session.
This decline has resulted in the world’s second-largest cryptocurrency now trading at its lowest level in eight days.
Overall, ethereum is trading nearly 10% lower than at the same time last week, when it rose above 2,000 for the first time since last May.
The RSI has also significantly dropped, with the index breaking out of a floor at the 53.00 level, and it is now at a reading of 49.46.
Should momentum continue to fall, bears will likely be targeting a point of support at 44.50.
I have tried to bring the best possible outcome to this chart.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) slipped to a one-week low in today’s session, as traders attempted to find a point of support.
Following a high of 2,005.44 on Wednesday, ETH/USD dropped to a bottom at 1,928.58 earlier in the day.
As a result of this drop, ethereum fell to its weakest point since April 13, a day which saw ETH hover marginally above 1,900.
At the time of writing, ETH has rebounded, which appears to be due to its RSI bouncing from a floor at 52.00.
Ethereum is currently trading at 1,945.58, with the index at the 54.54 level, below an upcoming ceiling of 58.00.
If bulls were to take price strength to, or above, 58.00, there is a good chance that ETH will be back over the 2,000 level.
I have tried to bring the best possible outcome to this chart.
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