Ethereum is still inside the ascending channelOver the past week, Ethereum has registered a doji candle with a bearish body and a negative 0.95% decrease.
This candle shows that both the current support levels in the range of $1600 and $1500 and the resistance levels in the range of $1700 are strong ranges, which can cause Ethereum's price to range trend.
Ethereum is still inside the ascending channel in the lower timeframe, and the price has reacted positively to the support level of $1,600.
If Bitcoin maintains its reliable floor at the level of $22,500, it is possible for the price of Ethereum to grow and move again toward the ceiling of the channel. But if the support is broken, the decline in the price of Ethereum can continue to the $1,500 range.
ETHBTC
#ETH Bulls Firm, But Will ETHBTC Slow Down at 0.072BTC?Past Performance of ETHBTC
The uptrend remains valid, but ETH buyers have been flowing back. In a retest of the previous support line, buyers found resistance at 0.072BTC. There is a double bar formation signaling weakness. For ETH buyers to take over, there must be strong reversals of yesterday's losses with rising volumes. In that case, ETH will snap back to trend, qualifying the recent bear breakout below the wedge as a bear trap.
#ETHBTC Technical Analysis
The bear bar of January 24 defines the current formation, placing BTC buyers in the picture. After a 5% gain in the past two weeks, ETH found resistance at 0.072 BTC. If the uptrend is to continue, reversing losses of January 24 and canceling out sellers of late January, the breakout back to the rising wedge ought to be with expanding volumes. Buyers would, should this happen, set sights on 0.078BTC or January highs. Conversely, confirmation of yesterday's losses may trigger more sell-off, triggering BTC demand. In that likelihood, bears may ride the emerging trend, targeting 0.065BTC and confirming sellers of January 24.
What to Expect from #ETHBTC?
At the present formation, sellers are in control in the short term, syncing with the bear candlestick of January 24. Conservative traders can wait for losses below 0.065BTC before adding to their shorts. Any surge above 0.072BTC will invalidate the bear breakout and likely form the base for a leg up to the January high.
Resistance level to watch out for: 0.072BTC
Support level to watch out for: 0.065BTC
Disclaimer: Opinions expressed are not investment advice. Do your research.
Needs to rise above 1777.05 to break out of short term downtrendHello?
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(ETHBTC 1W Chart)
It looks very complicated, but the point is simple.
1. Whether it can rise above the 0.072484-0.079552 range and
2. Whether it can be supported in the range of 0.048765-0.053586.
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(ETHUSDT 1W chart)
The key is whether it can be supported around 1611.62 and rise above the M-Signal indicator on the 1M chart.
(1D chart)
It is important to be able to climb with support in the 1572.69-1879.61 section.
If not, you should check for support around 1340.12.
A move above 1777.05 is likely to break out of the near-term downtrend.
So, we need to see if it can rise above 1777.05.
If this uptrend is extended, it is expected to touch the 2531.05-2871.13 section.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at ().
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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[UPDATE ETH] Nothing changed. What if?As I mentioned before, we could be currently in stage 2 of this inflationary bear market. This means that inflation peaked in September and we can expect to see lower inflation for a few months, followed by a recession. This will likely lead to more bear market rallies until the Federal Reserve intervenes again and introduces more money into the market, leading to another market crash in mid-2023 (stage 3). This will cause inflation to skyrocket again, leading to a depression phase (stage 4). If I were to visualize these phases in a chart and use ETH as a reference, it would look like this.
THIS IS A STAGE 2 SCENARIO.
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) rose marginally higher on Saturday, remaining close to a resistance level of $1,700 in the process.
ETH/USD hit a high of $1,670.70 to start the weekend, as the world’s second-largest cryptocurrency bounced away from Friday’s low at $1,634.49.
Following a surge to $1,714 on Thursday, which was the strongest point for ETH since September, prices have moved into consolidation.
Looking at the chart, Saturday’s climb has pushed the RSI closer to a resistance of its own at 68.00, with the index currently tracking at 64.35.
ETH will likely reach the $1,700 mark should price strength recapture this ceiling.
The 10-day (red) moving average appears to be upwards facing, which could be a positive sign for bulls anticipating upcoming surges.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Ethereum - Ready for explosion! (Must see)
ETH is a ticking bomb at this moment, because my analysis suggests an explosive move is about to happen. I hope your bags are full!
As you can see, the price is breaking out of a bullish pennant on the 4h chart with a successful retest. What more do you need?
The price is moving in an ascending parallel channel, and it's very important for ETH to hold this channel; otherwise, we are going to lose the bullish momentum.
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
From the Elliott Wave perspective, we are currently still in the 3rd wave, so you don't need to worry about a potential crash; it's not going to happen. During wave 4, we will see a small pullback, but nothing dramatic. After we finish this whole impulse wave, then it's going to be awful, and the bears will step in.
The first stop is the next strong resistance. Quarterly / monthly highs and 0.5 FIB are definitely strong resistance, there is no doubt about it. This could be your profit target for this trade if you want to trade in the short term.
Since the start of the new year, I haven't opened any short positions on futures. I only trade longs at this moment, and this strategy is indeed extremely powerful, because the trend is your friend.
Thank you, and for more ideas, hit "Like" and "Follow"!
ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS!!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also made significant gains in the last 24 hours, as traders pushed prices close to the $1,700 mark.
Following a low of $1,566.86 on Wednesday, ETH/USD raced to a peak of $1,689.07 earlier in today’s session.
This rally in price saw ethereum move to its highest mark since September 12, when ETH reached a top at $1,761.
Looking at the chart, today’s five-month high came as ETH broke out of its long-term price ceiling at $1,670.
Although one point of resistance has been broken, ethereum bulls are fast approaching another, with the relative strength index (RSI) nearing a ceiling at 68.00.
Currently, the index is tracking at 65.19, with earlier bulls likely to consider taking profits before a full collision occurs.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
ETHBTC - A Quick FakeOut Followed by 5-15% DeclineHey guys - Just taking a quick look at ETHBTC and it would seem we've experienced a little fakeout above trend levels only to experience quite a sharp decline to the point of breaking below recent support.
There is still strong support located around 5% below current price so this may act as a natural level to reject the downward momentum - or ETH may well break below this level too on it's descent to an overall 15% loss.
Either way we've got a Short signal from Crypto Tipster v2 and if the last 2 years of signals are anything to go by, we trust this to provide some good results!
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
Ethereum ETH is crashing right now!Hello, my dear friends!
Today I am crazy man because there is a third analysis today. I know that a lot of traders suppose that Ethereum is the strong asset, but I want to tell you that current crash is still not over and we can see today the massive triggering of the short signals. First of all I want to warn you that I am not going to open short on ETH using the setup above because I have the short trade on Bitcoin.
4h time frame of the BINANCE:ETHUSDT chart is showing us that the key down fractal has been broken below the Williams Alligator indicator’s red line. The price was $1554 . If you have already executed the short trade your stop loss should be placed at $1663 .
I consider the potential target inside the Fibonacci golden pocket zone at $1380 . When the price will reach this price I am going to watch out the market carefully to execute the long trade on the potential reversal setup.
Best regards, Ivan
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#Ethereum - Thoughts out loud #7Good afternoon, dear colleagues!
I am glad to welcome everyone who wants to familiarize themselves with my vision of the current situation on this instrument.
Is such a deal possible, what do you think? Leave your opinion in the comments.
Dear colleagues, I sincerely thank you all for your attention and wish you all success!
And remember one thing:
"sometimes you win, sometimes you learn".
ETH CAN DROP VERY SOONHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the ETH symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ETHBTC - Decision Area ComingDecision must be made soon before strong trend line is hit for ETHBTC
The top is extremely flat, it will either act bearishly or extremely bullish , I favor the bearish take for ETHBTC however.
A bullrun with BTC being the main catalyst would be my assumption of what will happen, with ETH following strongly.
Ethereum - New all-time high soon!
Ethereum is currently breaking out of the bearish descending channel after 418 days! The profits are already massive, but the good news is that we are just starting the new bull market, not ending it!
A new all-time high on ETH is closer than everyone is expecting, so I hope your bags are full of crypto. The bull market is always the most profitable session, because the risk-to-reward ratio of trades is much higher than in the bear market.
From the Elliott Wave perspective, the downtrend has been completed with a classic ABC zigzag corrective pattern. We have already begun a new impulse wave in June 2022!
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
The trend is your friend until the end, but the trend has changed from bearish to bullish, so for swing and intraday trades, you should look mostly for longs, not shorts!
I expect this bull market to end in September 2025, so we have plenty of time! Be greedy until the whales dump again for the next bearish cycle.
This is a long-term technical analysis on the weekly / 3D chart. Pullbacks on lower timeframes are possible, so follow me for more updates!
Every bullish cycle looks different, but I look forward to this bullish price action!
Thank you, and for more ideas, hit "Like" and "Follow"!
The dynamic resistance of the midline of the channelEthereum had a range trend yesterday. Now, it is still upward in the 4-hour timeframe. Suppose the resistance of $1,679 is broken together with the dynamic resistance of the midline of the short-term ascending channel simultaneously and a strong continuation candle closes above it. In that case, we can expect another attempt by buyers to push the price up to Ethereum's major resistances should take place (before a deep correction). Resistances in the price channels of $1700 and $1800 can be associated with strong negative reactions.