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Ethbullish

ETH → Mad Dash to $2,500? Or Rejected to $1,800? Let's Answer.Ethereum is at a crucial moment in its journey to break the $2,100 resistance area. We're currently in an ascending triangle, a bullish pattern, knocking on the resistance zone door. Will it break through? How do we trade this? If you are not in a trade right now, do not enter one. We should not be longing resistance nor should we be shorting without a sell signal and confirmation. Wait for a break of resistance followed by a test of resistance as support to long. To short, we need a clear sell signal bar and confirmation candle closing on or near its low. Until then, let's see where the price action goes. FOMO (Fear of Missing Out) is your worst enemy. You're making more money by not falling for the seduction of market profit. Trade Idea Long Entry : $2,250 Stop Loss: $2,127.50 Take Profit: $2,495 Risk/Reward Ratio: 1:2 Key Takeaways 1. Ascending Triangle, Bullish Signal! 2. Strong Support on Daily 30EMA. 3. At Resistance Zone, Do Not Long Here! 4. RSI above Moving Average and around 60.00. Bias to Long. 5. Use caution, watch for a reversal signal! You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
INDEX:ETHUSDLong
by TraderEngineering
2
ETH Lifetime Analysis - One More Drop Then New All-Time Highs?Ethereum is comfortably above its bear run low of around $850, but are we going to new all-time highs in the short term? I doubt it . Reviewing the lifetime charts for Ethereum and Bitcoin, they both made contact with their lifetime support before hitting new all-time highs. As we can see on this chart, Lifetime Support is at $700, we're a good distance from that price. I believe Bitcoin will suffer the same fate and fall to $20,000 or so before it sees new all-time highs. Ethereum has another support zone around $850, where the last bear run ended. I expect the price to fall at least to $850, maybe $700 before we see the next bull run. ETH will likely follow Bitcoins lead into 2024 after the Bitcoin halving, and we will at least see the next bull run if not new all-time highs. Key Points 1. ETH has not touched Lifetime Support 2. Gap to close to Previous Support 3. Lifetime support around $700 4. RSI near Lifetime Support 5. Look for one more pullback before the bull run. You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
INDEX:ETHUSD
by TraderEngineering
ETHUSDT more dump or huge pump?Hi dear community members, my lovely and loyal followers, I hope you are fine and making good trades. I haven't published analyses for 2 months coz I expected both #ETH to dump 1650-1700$ as I mentioned in my tweets/ which you can check on my previous publications. BTW I warned about this dump back on June 24th when BTC price was 31500 and ETHER was 1940$ almost at the top/ but I didn't expect that ETH will go below 1650$ and hit my worst case scenario zone which I mentioned with RED-GREEN box. I'm looking at daily timeframe and as you see ETH cleared/swept all SSL and felt all imbalances below 1810$, even it took out previous major swing low/EQL/ below 1625$ and hit daily bullish OB/FVG/BPR. If we measure the recent move from 2031 to 1492 it is 100% projection of previous move from 2146 to 1625$. I'm sure ETH bottomed on August 18th at 1492$ and after some types of consolidation between 1500-1800$, which will last about 2-4 weeks, ETH will start its major impulse move towards 2500$ even higher. I marked upcoming move with pink line. I also mentioned the most critical level on the chart /white line-1367$/, which has to be respected by bulls in the worst case to provide upcoming bullish movement otherwise game is over for bulls. Also as soon as ETH reclaims 1878$ level, game is over for bears and it will pump towards 2500$ even higher. You can check my previous publication for BTC analaysis and upcoming movement If you like my ideas, don't forget to like, comment, share, retweet and follow please. I will appreciate a lot.
Long
by ergal91
#ETH/USDT 2HR CHART UPDATE !!Hello, traders welcome you all to another chart update on ETH/USDT. If you are reading my update for the first time hit the like button follows and comments in the comment section if you find this analysis helpful. After a quick meltdown, ETH reversed well and regained above by 12%. In the current scenario, ETH broke the falling expanding channel and currently moving down to retest the upper trend line. After a retest, it is highly likely to bounce above the price level of $1200 and more. ETH needs to hold the $1080 price level to regain above, a candle close below will lead ETH again to its lower green support. MACD is also about to print some red bars which is the indication of some consolidation here. NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update. If you have anything to ask relating to this analysis you can ask in the comment section. This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. DO YOUR RESEARCH BEFORE MAKING ANY TRADES. Thank you.
by Domino_Crypto
3
Ethereum double bottom & Ascending triangle breakout? I'm looking at Ethereum chart in multi- timeframe. Using trend based fib extension, I showed you that 100 % projection of A wave / from November top/ATH/ to January low has been completed. In daily timeframe there is a nice Adam & Eva double bottom pattern with ascending triangle/. Such kind of pattern there are on total market cap and BTC charts as well. At 4h timeframe there is ascending triangle too. Its resistance has been tested 4 times. To get confirmation of the breakout we need BTC 4h and daily candle close above the resistance. I expect it in coming days. All targets are pointed on the charts. You can also check my previous analysis about BTC, Total market cap, DXY, USDT dominance and understand why I'm bullish.
Long
by ergal91
ETH/USDT We Can Expect a BIG MOVE SOON! (Ethereum Analysis by DeHappy Sunday Everyone! This is my first Ethereum Analysis that I'm posting here on @TradingView, I hope you guys enjoy it and/or find it helpful! I found that Ethereum was coming to a crytical point and here is my analysis on three different time frames: I'm personally more bullish in this scenario as we have a lot of very solid support to work with. Support: 1 Weekly: Here on the weekly chart below we can see that ETH is working on its s econd higher low, in the second strong support area since falling through the first one which also confirmed the downtrend that started in November last year. We also have to note that this higher low is developing on the 50% level which is a crucial level on the Fibonacci retracement in general, but here specifically we are retracing the uptrend that started back in march 2020. The 50% level, even tho it's not a traditional Fibonacci retracement level, it's important as marks the center of the "compression area" (38.2%-61.8%) on the Fib. retracement, which is decisive for trend reversals. This serves as strong support on its own and could give us another attempt at breaking the current downtrend, but we have at least one more element giving us support. ETH has also been forming an ascending channel since January 2021 and the previously mentioned Fib. level that we are currently on, also aligns with the support of that ascending channel . On the chart you can see that the support has been very reliable historically. 1D: Here on the daily ETHUSDT chart we can see that from a Fibonacci retracement perspective, things look a little less promising. On the retracement of the current downtrend since November last year, we need to regain the 23.6% level that is currently our first local resistance point. The most notable indicator is the triangle that is coming to it's apex and therefore we can expect some volatility in price action soon! I would like to use this opportunity once again to remind you that I mainly focus on horizontal lines when it comes to price and I use such chart patterns mainly as indicators of time or to spot potential trend reversals. 4h: And finally for the immediate short-term here on the 4h chart we take a closer look at the local Fib. Retracement of the uptrend since we found our current low in January. Here we can see that we are sitting right on top of the Golden pocket , in line with the s upport of the triangle which we have also seen on the previous chart. Here we can see that the wicks were formed by a couple bear traps and therefore we can potentilly expect another one in the coming week before we see a confirmed move into either direction. Confirmation to the upside: Weekly Confirmation: A close on the weekly above 3.060$ rougly would be above the previous local high and also above the 38.2% level of the Fibonacci Retracement from the uptrend since march 2020 . (see weekly chart above 👆) Daily Confirmation: On the daily we want to close above the same local high but here we are looking for a candle close of around 3.250$ to confirm a brake of that high and a potential continuation of the uptrend. Below we have a few more resistance levels that we need to close above on the Daily chart: - 23.6% Fib. Retracement of the downtrend since November (candle close above 2.800$) - EMA Ribbon (2.777$ to 2926) - Resistance of Triangle (see daily chart above 👆) 4H confirmation: - Here we have the Fibonacci retracement of the local uptrend since january, our first target will be to close and confirm above the 38.2% retracement level which is in line with the resistance of the triangle at around 2.860$ If we break that we are likely to test the 23.6% level again around 3.030$ which we failed to break on our very last rally attempt. - Lastly, just like on the daily chart, we are looking for a candle close above 3.250$ to confirm the continuation of the uptrend . (see 4h chart above 👆) I would like to add that this post is meant exclusively for educational purpose and that non of my posts are financial advise . As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏 Happy Trading ✌♥📈
by DeFeye
4
ETH possibilities. Falling wedge with a rising wedge.We broke down out of a bearish rising wedge and it looks like we are starting to create a bullish falling wedge. Inside we also are creating a bullish harmonic pattern. It is a bit rough so not a clean one but the reversal point is right on the golden 0.618 FIB level for the rising wedge. I think that we should most likely bounce on that level and if we don't break up out of the falling wedge, we could fall lower to the .786 fib level (which actually would hit the target of the rising wedge perfectly). Different possibilities Stay safe out there!
COINBASE:ETHUSDLong
by DavidJDM
Ethereum Bullish ForecastWe have a rising wedge inside of a massive falling wedge. The bullish scenario would be us coming up and touching the trendline finishing off the falling wedge but I think that we could still fall to lower levels that would hit the target of the rising wedge and then come back up. Usually for the price to break a trendline, it starts creating smaller shoulders. This would create a smaller right shoulder and with enough buyers I think that we could see 3k ethereum sometime soon. But again, falling wedges can break both ways but they have a higher chance of breaking up then down. If we break down, we could see a 1k Ethereum as well. A lot also depends on bitcoin, but I think that would be unlikely. Knowing crypto though, it is always a possibility lol.
COINBASE:ETHUSDLong
by DavidJDM
2
ETH Analysis (Still bullish)Okay, so it looks like we broke the bearish parabolic curve and ran into resistance above. It looks like ETH is making a turn around. I put some of the possibilities I think are possible and where it could bounce. It could retest lower levels but it should recover. Parabolic curves usually retrace 50% - 78% so we should see higher levels soon. On the way up, I think we will run into resistance but if we keep pushing upwards, we will be creating a lot of inverse head & shoulders and bullish patterns. Again, bullish patterns can become bearish very fast if we do not consistently touch the trendlines. Hard to explain over text but if an inverse head & shoulders has a right shoulder that is never completed, it starts creating a bearish parabola which usually creates the opposite pattern. A head & shoulders. So, at this point it looks good but it is something that always changes. P.S. we also have a bullish divergence on eth and btc. Linked the previous idea I posted below.
COINBASE:ETHUSDLong
by DavidJDM
3