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Ethereumanalysis

ETH and ALTS about to fall??!Ethereum's still struggling to find a way out of this descending wedge now around the middle again, we are currently getting held up by the midline of the bollinger bands and close below we got the 0.6 FIB level. I'm thinking that we are probably going to see a bit of a fall before we head up, even i would say a fakeout to the downside before taking off! We got lots of support but a lot of resistance aswell here, looking at the MACD we are almost to the point of a bearish cross and a histogram flip to bearish, i see us going down probably out of our wedge to the nearest pivot point before heading back up as shown in my pathway. In this situation i think it is very likely we see a fakeout to the downside to shake more people out before then heading up and ultimately rising through the upside of the wedge. This wedge is very prolonged and i believe traders are getting itchy for taking positions and would be looking to open shorts if we see a break of this very long wedge, this is where i think a very possible fakeout would come to play as it would liquidate many traders. theres lots of resistance when looking at the upside aswell but thatll be for a later update TA! Not financial advice just my opinion!
BITSTAMP:ETHUSDShort
by JacobR905
Ethereum Price Drop Imminent, Limited UpsideCrypto markets have been looking bearish since May and without any clear reversal of the trend, I expect the bear market to continue for at least the next month or two. Looming regulation concerns have also dampened expectations of an end to the bear market. Ethereum has failed to break out of the descending triangle pattern it has been in since the end of May. A break of the descending triangle to the upside is therefore unlikely. Considering a break of the triangle is unlikely and the negative news surrounding cryptocurrency, within the next month or two we can expect the price of Ethereum to drop below $1700. Within the past few days, Ethereum has been trading between the approximate price range of $2059 and $2170 and failed to break the $2059 support level. A low trading volume and price change means investors are uncertain about direction. Assuming the support level is to fail, expect the price to drop to the next support level of approximately $1922. It is likely that the price will then drop to the low of $1700. Regardless of whether or not the current support level holds or if current support level breaks, the price upside is about $2280 in the next 7 days, which is the Fibonacci retracement level and the peak of the descending triangle trendline. With very limited upside and almost certain risk of downside, I advise traders to exert caution.
BITSTAMP:ETHUSD
by MaryJ_1
2
Ethereum going to breakout!!?Eth is looking like we have reversed after a bounce off of the bottom of this descending wedge, now we just rejected off the top for the 9th time but i think we are gaining some steam and we could get a beautiful bounce off the bollinger band midline to then try and breakout again to the upside. The only worry that we might face if we breakout upwards is we will have to have enough momentum to smash through the 0.5 FIB and close above it or we face falling back into the wedge with a sort of "fakeout" scenario. The RSI is just touching down of the 50. point and im hoping we can see a nice bounce off here to try and get us back into an uptrend, this is very key for this whole analysis as if we don't get that confirmed uptrend on the RSI we could still breakout of the wedge upwards but we most likely wouldn't go that far. The MACD looks great aswell we are seeing nice separation in the MA's slowly pushing upwards, the one thing about the MACD is that we are starting to see a slight curl in the blue MA and we don't want to see it start to come down towards the orange, or atleast hope we get a bounce off the orange. If we don't and we get a bearish cross we would probably take a couple day hit to the downside or even just some sideways movement. Not financial advice just my opinion!
BITSTAMP:ETHUSDLong
by JacobR905
Ethereum Long Upon Volume Confirmation!Ethereum is testing the 200MAs on the 1H timeframe and holding, showing signs that price might bounce up from here. The only concern I have right now is that volume isnt very strong, so Im waiting for more volume to come in before putting in a long potential. Those who are more risk seeking could consider starting to scale in a small position here. The risk is higher as we currently dont have strong volume confirming the move, but the potential reward is higher as this might be a better entry price compared to when we do get volume confirmation. higher risk, higher reward, up to you. Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Long
by cryptotraderog
4
Ethereum - The triangle is broken!🤑🤑Ethereum broke the global trend line, which has been building since May 12, additionally, a triangle was formed, which was also broken by the price! If there will be a successful retest of the broken triangle as support, locally it could be a good entry point into a long position, with the target indicated above! Write in the comments all your questions and instrument 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
by Yuriy_Bishko
8
ETHEREUM DOUBLE BOTTOM BREAKOUT @ 2170! TIME SENSITIVE!Ethereum is forming a W-pattern double bottom pattern with the neckline at 2170. If price breaks and closes above 2170 with strong volume, then I will put in a long scalp trade. As we are testing this neckline right now, this buy signal could come at any minute. Of course, if we dont get the breakout, then this pattern is invalidated. Im waiting for confirmation before opening a position. Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Long
by cryptotraderog
4
ETH: Still bearishETHUSDT right now is still in a downtrend, and with a strong resistance above it. ETHUSDT is at the 2K resistance and to further reinforce the bearish bias: Below the Ichimoku cloud Below the 180 EMA Still in a downtrend I believe we are in a new range for ETHUSDT with the upper resistance at 2K and the lower support at 1.4K, other s/r can exist within the range. Considering the last time we were in this range it took 67 days to breakout, we need further consolidation before anything can happen on the upside. Most probably we will be hitting the 1.4K support a few times in the next coming days.
Short
by CryptoEstratega
Ethereum - Is going to reach value area??? 😯🧨Hello friends. Ethereum rebounded from $1,730 support level, the volume increased, it means that stop losses were collected and the price got liquidity to buy. There is a value area on the chart above, as well as a key resistance level of $2250, below is the support level of $1730, now price is moving near the local trend line to the resistance level. I expect that price may go up to the value area and already there I will look for entry points into the position. Be careful and set stop losses! Write in the comments all your questions and instrument 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
by Yuriy_Bishko
8
ETH: Ready for a breakdown?ETHUSDT looks ready for a breakdown: We are above the 180 EMA, resistance-turned-support, and the Ichimoku cloud. But, we have formed a triangle, that looks ready for a break, considering the current trend is still a downtrend. The triangle will probably break down pushing us below the Ichimoku cloud, turning it into resistance. Volume has been following quite closely the moves in price, so no divergence here. I believe this last few hits against this area of support have eroded the buyer's capacity for keeping prices this high, confidence is not great and bearish sentiment might soon go into overdrive at any sign of FUD. Based on this, I'm really looking for lower ETHUSDT prices and going back into the 2K to 1.5K range for a while. ALWAYS PRACTICE RISK MANAGEMENT, RISK MANAGEMENT IS THE MOST IMPORTANT SKILL IN TRADING.
Short
by CryptoEstratega
5
Ethereum pullback to 2K??!Ethereum looks like we are going to see a pullback to 2K before we start moving back up again. We saw a break of the 0.5 FIB level and our next major support is just over 2K. We see the MACD has been very jagged recently with multiple bullish and bearish crosses and now we are just seeing the start of another bearish cross. It seems like ETH wants to start moving up but is being held down by BTC just like most of the market. very rare to see a 2 green bar cycle on the macd histogram that's why i think we are being held down. Also something very crucial to watch is that bottom bollinger band we are creeping closer and closer to that bottom band and if we do start riding it we could be in for a significant pullback maybe even lower than 2K. But i personally will see this as a great buying opportunity and will look to grab some more. And we all know the strength of ETH we have already witnessed it earlier in this cycle! Now the RSI does seem to be getting stuck below that 50. point midline and we keep seeing bounces off of it and i wouldn't be surprised if we see another. Remember only when we see a full break above this level and a confirmed hold will ETH be considered in a uptrend. So as we continue like this just like 99.9% of the market we are in a confirmed downtrend and or a mini bear market. I dont think this bullrun is over at all i believe we are just seeing a cooldown with big institutional money flowing into these projects but thats just my opinion! Not financial advice!
BITSTAMP:ETHUSDShort
by JacobR905
1
Ethereum (ETHUSDT) Potential Short Scalp Entry Soon!Hi guys, this is OG back with another Bitcoin update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. There is a potential short trade coming up on ETHUSDT, key word is potential. We need to wait for confirmations before jumping into the trade. I'm waiting for price to test the 2470-2490 zone, get rejected on large volume and large candlestick formation, before taking a scalp short. Of course, price can break through the 200MAs and continue to go up, in which case I would pass up on the short and look for a potential long. That is how I trade, being flexible and adapting as market conditions change instead of being stuck in a certain view. Check out my technical analysis videos for more in-depth analysis and trade setups for Bitcoin, Ethereum, and Altcoins. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Short
by cryptotraderog
5
ETH going to hold the 0.5 FIB!ETH has ran up with 3 green candles pushing through the top resistance of the pennant and aswell as the 0.5 FIB Level, i talked about this in my last TA for eth. We seem to be solidly holding the 0.5 FIB now and we will have to get that confirmation soon, this is a pretty solid support, resistance level imo. Our RSI bounced off the 50. point and we are slightly coming down. we are due for a nice breakthrough into bullish territory after not since later May. The MACD saw a bullish cross recently and we are starting to see nice separation on the MA's bit is still to early to really know. Last the EMA ribbons are very important as they show momentum bullish and bearish and while ETH being in the minority of coins that didnt start to flip bearish with the ribbons we are showing very good resistance from the bulls. We do have to watch these though because if we we're to see a full flip bearish we could be seeing some heavy downside, i feel when the EMA ribbons squeeze hard like this there is momentum building and we are likely to see a pop soon whether that be staying bullish or flipping bearish. NFA just my opinion!!
BITSTAMP:ETHUSDLong
by JacobR905