Ethereum is squeezing in the triangle. What to do❓😲Ethereum is locally squeezed into a triangle. Triangles of this type statistically break both up and down equally. Therefore, it is worth opening trades after a clear signal. If the price breaks through the upper boundary of the triangle, it will be a good opportunity to buy. It is safer to buy after a breakout and retest of the triangle as support.
If the price breaks the lower boundary, ETH will probably go lower.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Ether
ETH the prince is awaken!Hello, Everyone.
The prince is finally waking up. A lot of people have been calling ETH dead, and bla bla bla . ETH is about to show them his middle finger. 2 months ago before this whole rally I predicted that eth would rally to 3400 and then retrace to 2600...well clearly that is what happened (exceeding the expectation touching 3800). The chart is now reviling the next move. ETH has now created a steady volume with spikes on each bear attempt to break the 2900 (failed miserably). The supply is clearly shrinking with the last upgrade which has burned so many ETH and as it can be appreciate in the chart by the bulls taking control with little effort. ETH has now formed a triple mountains pattern (triple bottom in western chart terms). Although higher timeframe looks prime for a run, the smaller need to steam off in my opinion. I believe there may be one last opportunity to catch eth in the 2700-2800 area before to break the resistance at 3100 and start the new bull run. You can see that the 50 and 200 hour MA is now starting to creating a support below the price, this is a great sign in reversal as it is signalling accumulation before high volatility upwards. Also every dip down ETH has been creating higher low with the volume dissipating signalling the bears are exhausted. My final target as I mentioned in June is 20800. That is a 800% increase. My first target is at 7750. Really short term targets are: 3166 and 3566 (they will get smashed).
Enjoy the ride guys.
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Ethereum Price Remains Drab Under $3,000 Risking Major Dip
Ethereum aggressively fights to step above $3,000 a cloud of doubt reigns at its ability to overcome congestion at $3,200.
A dwindling on-chain activity is a bearish sign for Ethereum, implying that bulls may not have the power to sustain an uptrend.
Ethereum bulls have been pushing for action above $3,000, but all attempts made toward $3,200 have resulted in futility. The flagship smart contracts cryptocurrency token had retreated to a September low of $2,650 more than a week, but collectively, little progress has been made since then.
Meanwhile, some selected altcoins seem to be ignoring the mundane price action across the crypto market. Binance Coin leads the recovery in the top ten with an 11.6% gain over the last 24 hours, with Avalanche coming second with a 6.1% upswing. The market is mixed red and green across the board, whereby bulls will likely emerge intraday winners throughout the trading on Thursday.
Ethereum Could Fallback Before Heading For A Significant Swing To $4,000
The gigantic smart contract token is experiencing a lot of trouble gaining traction above $3,000. Although the short-term technical outlook appears ripe for a breakout above this level, it is not guaranteed that Ether will make it past $3,200 and sustain an uptrend at least to the supply zone in red around $3,600.
According to the 12-hour chart, Ethereum is locked within the confines of a descending parallel channel. Its key downside is supported by the 200 Simple Moving Average (SMA), which rests in the demand zone highlighted in green. The channels’ middle boundary also contributes to securing this anchor zone.
A break above the upper boundary would boost Ether above the $3,000, but the token needs to push past $3,200 to affirm the uptrend to $3,600. However, the 50 SMA has recently crossed below the 100 SMA; an index considered bearish despite not being as strong as a death cross pattern. The last time this technical outlook occurred was on June 4, and Ether subsequently dropped by 41%. Hence the magnitude of its effect on the price cannot be overemphasized.
Meanwhile, Ethereum’s on-chain activity has been dwindling over the last 30 days, and this is taking a toll on the price performance. Data by Santiment shows the network growth at roughly 80,000 new addresses per day, down from a 30-day high of nearly 110,000.
Suppose this metric continues to drop in the coming days, investors should anticipate a difficult recovery phase and perhaps the possibility of Ether sinking to $2,400, where it is likely to be attractive to more bulls.
Ethereum Key Intraday Levels
Spot rate:
Trend: Short-term bullish bias
Volatility: Low
Support: The 200 SMA and $2,650
Resistance: $3,200 and $3,600
[SHORT] ETH / USDThe Chinese Central Bank has ruled on all transactions involving cryptocurrencies. This announcement triggered a drop in the price of virtual currencies.
China has declared war on cryptocurrencies and has just dealt a fatal blow to their use on its territory. All financial transactions involving virtual currencies have been declared illegal. As for the offenders, they will be "the subject of an investigation for criminal liability in accordance with the law".
ETH STEERS INTO SUPPORTToday's ETHEREUM Update.
Ethereum Steers Into Support, Time For More Slump Or Return to Previous Highs?
Ethereum follows the general sentiment in the market and trends downwards in the daily and weekly charts. After news about a confirmed FUD on China banning crypto-related operations, a portion of the market reacted negatively and created selling pressure.
This sent Bitcoin and Ethereum back to their critical support zones. At the time of writing, ETH trades at $2,842 with an 8.2% and 20.4% loss in the daily and weekly charts, respectively.
Ethereum technical indicators turned red as the price retraced south of the $3,000 territory with momentum in favor of the bears. However, the Relative Strength Index (RSI) remains neutral at a 39.51 value.
This could suggest a reversal in the current trend if combined with the fact that the FUD coming from China was already price-in by another portion of the market. Trader Rekt Capital commented the following on the price action and those affected by “FUD from China”:
What Could Trigger A Rebound On Ethereum?
Ethereum’s recent low stands at $2,652, the price is reached at the beginning of the weak on the back on the potential default of Chinese real state company Evergrande. Thus, why ETH’s price must hold that level in case of further downside.
For the bulls to have a fresh shot at reclaiming the $3,000 area, Ethereum must close the daily above $2,900. The Exponential Moving Average (EMA – 10) could be the next objective from there standing at $3,136.
In the short term, strength in Bitcoin or Ethereum could push the market back to the green. The first cryptocurrency by market cap has bullish fundamentals that could benefit the entire crypto market.
In addition, as pseudonym trader LilMoonLambo said, banking giant JP Morgan seems more bullish on Ethereum than Bitcoin. The bank has been dabbing into crypto for a while and their estimates for ETH and BTC mini futures are optimistic for the bulls.
Ethereum - Is going to reach this level??? 😯🧨Global markets await the impact of China's real estate crisis and cryptocurrency investors await the exercise of bitcoin options worth $3.4bn. Bitcoin options expiry takes place today. That's why we saw bitcoin and all altcoins fall sharply today. On the technical analysis side, the price broke the wedge pattern and now has corrected to the $2,830 level. Locally, the movement continues to be in a bearish trend. Therefore, there could be a local consolidation, a breakdown and a drop to the low of $2653.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
ETH Needs This Crucial Level Ahead Of Approach To $4,000
Ethereum is doddering at $3,100 after failing to break the resistance at $3,200.
The MACD may call more buyers into the market if Ether confirms a break above $3,200, a move that could bolster ETH toward $4,000.
Ethereum moved with its peers on Thursday and managed to reclaim the ground above $3,000. As reported earlier this week, the prominent smart contracts token had plunged to $2,650 amid a highly volatile cryptocurrency market. Ether also extended the bullish leg above $3,100 but stopped before brushing shoulders with $3,200.
Bitcoin has also been lethargic in its recovery after testing support at $40,000 this week. The largest cryptocurrency closed the gap to $44,000 but is yet to confirm a breakout above $45,000.
Ethereum Must Close Above $3,200 To Validate Upswing To $4,000
The resistance at $3,200 has been a daunting task for the bulls, resulting in a correction toward $3,000. Meanwhile, Ether is teetering at $3,100 at writing as bulls fight to shake off the engulfing selling pressure.
Bulls must confirm a break above $3,200 to add credibility to the optimistic narrative eyeing $4,000. Realize that the 50-day Simple Moving Average (SMA) could make it difficult for buyers to achieve their goals quickly. Moreover, the supply zone in red will also hinder ETH from breaking through and lead to another round of losses.
The daily chart reveals that the Moving Average Convergence Divergence (MACD) has wallowed in bearish signals since September 7. This technical index afforms the general lethargic picture as it stays in the negative region under the mean line.
Traders should lookout for a buy signal in the coming session or days to ascertain the validity of the uptrend. All the sake, trading above $3,200 would hasten the occurrence of the bullish call.
On the downside, overhead pressure will soar if Ethereum losses support at $3,000. Investors are likely to sell in masses amid panic that the demand in green could give in to the pressure this time around. It is worth mentioning that the 100-day SMA has cemented the buyer congestion zone while the 200-day SMA currently holds at $2,612.
Ethereum Intraday Levels
Spot rate: 3,098
Trend: Bearish bias
Volatility: Low
Support: $3,000 and $2,650
Resistance: $3,200 and $3,600
ETHUSD Growth LocationWe can be seen to entering the best possible entry territory for ETHUSD (green circle)
This is second to the entry at the aqua circle
We sell when Ethereum enters the overbought zone in the red
This leaves the price at around ~8000USD
Similarities can also be seen on the MACD, with two peaks
ETH - possible scenario 🤔🤔At the moment bitcoin is in a local correction, globally we continue to be in a bullish cycle, it is hard to say if there will be another big drop. But if it happens, the best place to buy ETH would be after the liquidity collection below the $3010 level. Most traders' stop losses are set there.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
ETH Slides To $2,650 For The First Time Since Early August
Ethereum shakes off weak hands from the market following the freefall to $2,650.
The 100-day SMA plays a crucial role, ensuring that ETH does not extend the bearish leg to $2,400.
The cryptocurrency market is experiencing a downtrend run amid heightened volatility. Investors have been cautiously bullish, especially with the stock market bleeding in the wake of Evergrade’s, a Chinese property behemoth saga.
Ethereum continues with its bearish stretch from the previous week, where it was rejected at $3,679 (data from Coinbase). Most enthusiasts and crypto analysts pointed to $3,000 as the ultimate support. However, over the last 24 hours, Ether made its way to $2,650, levels not seen since early August.
Where Is Ethereum Price Headed?
The gigantic smart contract token is trading at $2,875 on Wednesday and toward the end of the Asian session. Overhead pressure shot up significantly after Ether lost the support at the red zone on the daily chart.
Nonetheless, the 100-day Simple Moving Average (SMA) came in handy, preventing bears from doing more damage. With this support in place, Ethereum has started looking toward recovery above $3,000.
It is worth mentioning that if recovery to $3,000 fails, bears may attempt another takeover, this time targeting the green zone near $2,400. The 200-day SMA will also be in line to provide Ethereum with cushioning.
The second-largest cryptocurrency would likely dance between the red and the green zones in the coming sessions. Traders can watch out for action past the 50-day SMA to ascertain the validity of the uptrend to $3,600 and later to $4,000.
According to the Relative Strength Index (RSI), buyers are gradually regaining control. The uptrend’s strength will soar as the RSI lifts toward the midline and the overbought area.
On the downside, holding above the green zone is particularly crucial for Ethereum because immense sell orders could be triggered as panic selling grips investors. If it fails to hold, we can expect ETH to make a comeback at $2,000.
Ethereum Intraday Levels
Spot rate: $2,868
Trend: Minor bullish bias
Volatility: Low
Support: The 100-day SMA and $2,400
Resistance: $$3,200 and the 50-day SMA
Ethereum OPPORTUNITY!!!Hello IWealth Here, I have been Trading and Teaching for 7 years. and im happy to share my idea that could help you in the crypto space.
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Ethereum had that strong rejection from the $4000 resistance level, however if you look back in history this is not surprising because Ethereum typically hits resistance 2/3 times before breaking out. I expect that we spend some time inside the triangle, even fullbacking back more to around 2200-2600 before finally breaking out of the 4000 resistance level! Be patient everyone hope this helps!
ETHUSD idea and forecastWhere I see ETHUSD going on the four hour chart
I see great potential for a strong recovery from this recent fall
I expect a move up, being semi parallel to the (2-3) move
These are just my thoughts so take with a grain of salt
I am looking for the 8k range for a sell on ETHUSD
₿ BTCUSD 1D ₿ : 20.Sep.2021 (Update)Well, as we mentioned in the previous analysis, the price was not strong enough to climb, and this caused the bears to enter the market and the price fell to our first support target ( 42,500$ ), while the price loses this important support. The next downside target is 37,300$ ... BITSTAMP:BTCUSD
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 20.Sep.2021
⚠️(DYOR)
Ethereum Daily Idea ETHUSDTwice previously the 50MA has been a point of bullish rejection for price
Will we see a third rejection? and continuation upward?
It seems ETHUSD has built up a large support area that id like to assume will hodl
I want this to go to 8K
I also think Visa's recent purchase of a Cryptopunk NFT is very big news for NFT's and Ethereum and may contribute to a move upwards