Big weekly close coming upJust moments before the weekly close ether is looking insanely bullish. I feel like we are witnessing the start of eth making a big move against bitcoin.
Ether
Ethereum out performs BitcoinEthereum price performance on Saturday has been nothing short of spectacular. Considering that most of the altcoin market is down fifteen to twenty percent, Ethereum’s daily close of down only 4% is a testament to its strength.
Ethereum price, like the broader cryptocurrency market, suffered a massive flash-crash during the early midnight trading on Saturday.
17% losses at one point were measured.
Throughout the remainder of Saturday, buying pressure wiped out nearly all of the overnight losses.
Ethereum gonna flip bitcoin!!!?Hello cryptofolks
Ethereum is not following Bitcoin and it's not in bear market
We still looking for new ATH and who knows maybe gonna flip BTC in this cycle
It will be awesome by the way if it's not happens this cycle will be happen in next!
One time that Ether gas fees will be reduced , when ETH will be POS you will see how ETH will slam in the face of all bitcoin maxis
Technical indicators on daily/weekly/monthly all are still good
Monthly can get better based on the weekly action, so next weeks and this monthly close will be determining the future of Ethereum asset
I see a potential Adam$Eve double pattern reversal, Adam pattern create a cup and hand and the rest of details are in the chart all based on several Weekly fib lvls
-Goodluck
Fibonacci Waves / Weak Market Hypotheses
On the above chart I investigated the relationship and continuation of 'waves' within the Fibonacci Circle. Due to its incredible success, I decided to look over it again.
On this chart I show very comparable formations (formation 1) (formation 2)
Formation 1 is contained within 0.786, while formation 2 extends through the 1 level
Applying the same Logic with the continuation through 2.618, the bars pattern placed is price inverted from previous move through 2.618
The Weak (form) Market Hypothesis suggests " that today’s stock prices reflect all the data of past prices and that no form of technical analysis can be effectively utilized to aid investors in making trading decisions."
I find this interestingly applicable to this scenario, with repeated formations, in repeating fib levels.
ETH retest previous resistanceETH / USDT
In high time frames ETH is retesting previous strong resistance which acting as support now
We also have uptrend line still valid and not broken since march 2020 !
Price can drop more to test uptrend line no problem with that ,As long as we hold above these support levels we are simply bullish
Note1: ETH usually follow BTC
Note2: market turned from greed to fear which is a good sign for bulls
Best of wishes 🙏
ETH is going to 6k by Christmasnobody is selling it clearly. very nice price action technical levels rejections
nobody sell so only place to go is UP UP UP
bears just cannot hold the price under 4k
ETHBTC - ETH strong!ETH/BTC Showing for while ETH has further scope than BTC allowing Alt-coins to prosper further.
ETHEthereum is stuck in a channel. bearish momentum might push price to $3,600 (our daily support) before we see a correction.
However, if price action reverses here at $4,000; we could potentially have one more push up.
ETH Held $3,900 Support Next Stop $6kETH held support around 3,900 and swung over that 50 & 150 day ma. Now we are coming back down to test this level. I believe we hold and move higher over the coming months as ETH 2.0 hopefully comes out. POS protocols (which is what ETH 2.0 will be) is 99% more efficient than BTC's protocol system proof of work.
ETH gold timeETH has very strong support, the chart shows that we are targeting $5,000 and despite the price fluctuations, the main direction of ETH is the same
ETHEREthereum price develops an entry condition before a test of $5,000.
The outperformance of Bitcoin is likely to be sustained.
Downside risks remain but are limited.
ETH W BreakoutEthereum printing a clear W breakout with double bottom
Price target 5475 based on FIB
Common Structure VAXXART & ETHUSDSo interesting that even since 1973 a comparison like this can be drawn to the early days of ETHUSD
I have plotted a bars pattern to see if the commonalities will continue even further
Both start with a rising wedge, that is successful in breaking down.
One major difference however is that ETHUSD is on the daily chart, while VAXXART is on a Monthly chart. Still.
ETHBTC Dang, I really did not expect an ETH break just yet.
This makes me have different thoughts about the extension of this bull run (see my BTC.D graph for that quick wrap up).
So anyway, I have my resistance levels as seen on the graph.
I expect BTC maybe to have a chill out time, for the moment, whilst ETH takes the show away for a bit here.
That's all for now fam. :)
BTC.D (Bitcoin Dominance)Hello folks,
So, having a look at Bitcoin Dominance today.
With Ethereum looking super strong against its BTC value I think we may actually find another Alt Season to come.
Maybe we will see a bit of resistance, bouncing off the two support lines on BTC.D (as seen on graph). However, with Eth holding strength over Bitcoin, as well as ADA looking like it has bounced from it's Log graph lows, I think we should find ourselves with another couple of weeks noticing strong moves on ALT coins...
I am hoping here Bitcoin consolidates for the time being around this 55k-65k range. These next couple of weeks will give us a greater indication as to whether the bull run is extending its timeframe till mid 2022 Quarter 1, or whether BTC and thus the Crypto markets will breakdown.
Nothing to confirm just yet however, so I am not selling 'bear' news.
Two points to take away (or really just one main point).
- Major Alts looking stronger against BTC.
- BTC Dominance retesting lows.
Hot day here at Le Clec.
ETHBTC is Bearish trust meETHBTC is Bearish trust me. Shorting here with ratio 2:1, everything's on charts :)
ETH Ethereum: Is A Big Move Brewing?Hello friends, today I am completing a technical analysis on the 1D linear scale chart for Ethereum ( ETHUSD ), an altcoin cryptocurrency and the second largest by Cryptocurrency Market Capitalization.
#CryptoPickk notes the following:
1) Ethereum price formed a multi-month Cup and Handle Pattern which broke out at the end of October 2021. The re-test of the trendline happened a few days ago. It also coincided with a multi-month rising trendline (in green) where the price touched as well.
2) Ethereum price is currently headed to push through the all time high around $4,870 before going further up to $6,500. This would be a 39% price increase from the current price level.
3) The $6,500 range is the 1.618 Fibonacci Extension level, which is also the Cup and Handle Pattern target price range.
4) The RSI (relative strength index) recently bounced off the bottom trendline and is moving upwards. Breaking this trendline will have an effect on the price.
5) The Stochastic RSI (Stoch RSI), Money Flow Index (MFI) and MACD are all looking healthy.
6) The Volume is low but there is buying pressure picking up. If there is a large Volume candle that comes it, we can see prices moving up (or down) faster.
7) If the Ethereum price falls below the green colored bottom trendline, which has been significant support for multiple months, we could see much lower prices.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
ETH - breaking out from 6 months long consolidationETH showing some strength and breaking out from long consolidation.
If/when 0.618 Fib. level is turned into support 0.105 level (weekly close) is next region to watch for.
RSI also breakout trendline to the upside, overall Ethereum sentiment is good.
This graph appears to follow the view that Ethereum will replace Bitcoin as No.1. Let’s wait a few more months to see how it goes.
[crypto] Ethereum - ETH - Expecting Pullback to DCA zone?Ethereum - ETH - Expecting Pullback to DCA zone? ETH stair-stepping it's way upwards? We will see? Edutainment Purposes only!
ETHUSDT-LONGThere is a long position in ETHUSDT
Attention: The potential for descending is strong, if we reach the first target we will risk free (break-even) the trade.
Futures ETHUSDT Ethereum
🔵Long Now or set on Key Level 3902.00
🟢Target 1 4209.00
🟢Target 2 4415.00
❌Stop loss 3821.50
#K_Level
Ethereum 4h tfHello cryptofolks
This is my projection for Ethereum price action based on past impulse fractal
Personally expect more correction but who knows maybe not
Let me know about your idea in the comments
Thanks
-Goodluck
ETH Ethereum Black Friday DiscountPlease look at the 2020 Black Friday discount!
That was the moment to buy the dip!
Afterwards it went up 732% by mid May 2021.
Do you think Ethereum will have the same pattern by the end of 2021??
