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Ethereumanalysis

Ethereum - my trading plan revealed!Hello, everyone! In my opinion Ethereum is showing much more interesting potential setups than BTC. Today I am going to show you my trading plan for $BINANCE:ETHUSDT. As you already know from my previous analysis I expect huge dump on Bitcoin and entire cryptomarket in the upcoming days. Looking at the price chart I can conclude that ETH has finished it's corrective wave represented as a zigzag ABC. Now it's printing the impulsive wave 3. Wave 1 inside this wave has been already finished. I assumed this because we can see the reversal bullish squat bar at the very bottom. Now I am waiting for this bullish bar confirmation to open long trade with the target at 0.61 Fibonacci retracement, approximately at $1940. This trade is risky because it's trading on corretive waves, but I will take it. From $1940 I expect the impulsive wave 3 which can reach even $1654. I am also going to catch this move. Best regards, Ivan __________________________________ Follow me and never miss an update👍
by Skyrexio
6
#Ethereum Uptrend Remains but Price Must Break Above $1,950Past Performance of Ethereum Ethereum prices, like BTC, are firm at spot rates. Notably, there is a sharp reversion from critical reaction levels, marking resistance levels of March 2023 and September 2022. For now, whether ETH buyers will build on yesterday's gains remains to be seen. However, any attempt to unwind losses will be massively bullish for ETH, that's overly in an uptrend formation. #Ethereum Technical Analysis ETH remains bullish, up 36% from March lows and 72% from December 2022 lows. Despite the contraction from April peaks, the uptrend remains and will be confirmed if ETH floats above $2.1k in the days ahead. Ideally, a break above the high of the anchor bear bar of April 21 at HKEX:1 ,950 is critical. This will cancel out bears that are currently in control from an effort-versus-result perspective. On the other hand, traders can wait for a deep below HKEX:1 ,800. In that case, ETH may drop to HKEX:1 ,700 in continuation of April 19 and 21 bear bars. What to Expect from #ETH? Technically, ETH buyers have the upper hand. All the same, the coin is trading at below critical reaction levels, especially $2k. The middle BB, or the 20-day moving average, is also an important resistance level. Losses below HKEX:1 ,800 in the near term may trigger more losses in the days ahead. Resistance level to watch out for: HKEX:1 ,950 Support level to watch out for: HKEX:1 ,800 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Ethereum Long Term AnalysisSince we are coming to the end of February in 4 days, I felt the need to do this analysis. I think the critical level for Ethereum in the monthly timeframe is $1828. This is because the moving average is at that level. I think that Ethereum, which has always followed this moving average in history, will follow this moving average again this time. The monthly close of Ethereum above this level may also mean the beginning of the bull market. For this reason, it seems that for those who have not bought Ethereum yet or for investors who want to lower their risks as much as they can, following this level and buying when a monthly closing is made will minimize the risks. A second scenario will occur if Ethereum is rejected at this level. If Ethereum is rejected from this level, the support levels of the Fibonacci retracement will be seen. The target for the bear scenario will be $771 if there is no return from $1177 first and then $771. I don't think there will be more of a bear scenario for cryptos in this situation. I would also like to say that when the moving average is broken, I will personally add to the Ethereums in my pocket.
by YavuzAkbay
#Ethereum - thoughts out loud #10Good evening , we are from Ukraine! For this period of time, the chart has a trading margin, the exit from which opens the door to 2 key levels: 1) A long scenario of breaking through the resistance level and going to 2300 and above. 2) Short, market weakness after a false breakout of 2200 and the price returning to the middle of the range with a further buyer's test at 1900 - 1850. Thank you all for your attention, I wish you success. Sometimes you win /sometimes you learn.
E
by WVitalievich
📈ETH analysis above 1900 level📉BINANCE:ETHUSDT COINBASE:ETHUSD Hey everyone, first take a look at my previous analysis and positions. As previously analyzed, Ethereum continued its upward trend and reached above the HKEX:1903 level. In order to continue the upward trend, Ethereum needs to stay above 1850. Don't forget to risk-free your position. Consider the impact of the Shanghai update. Please share ideas and leave a comment, let me know what's your idea. CrazyS✌
Long
by CrazyS
2
#Ethereum Firm, ETH Buyers Angling For $2,000Past Performance of Ethereum Ethereum buyers are confident, reading from the performance in the daily chart. There are encouraging higher highs as ETH claws higher, presently trading at the Q3 2022 trade range. Even though there was a cool-off, ETH will likely bounce higher ahead of the Shanghai upgrade. #Ethereum Technical Analysis The path of least resistance is northwards. Notice that prices are above February 2023 highs of HKEX:1 ,750, and the retest in March didn't force prices lower. The rebound in late March propelled prices to spot rates, a huge positive for optimistic buyers. Per the current ETH candlestick arrangement, every low above April 4 bull bar at HKEX:1 ,800 may offer entries with targets at HKEX:1 ,950 and later HKEX:2 ,000. This preview will only change should there be a sharp dump, with rising volumes, below the middle BB and HKEX:1 ,800 in the next few days. What to Expect from #ETH? As it is, traders are confident of what lies ahead. The psychological reaction point at HKEX:2 ,000 remains unchallenged, but that could change if the upcoming fundamental event draws buyers. Resistance level to watch out for: HKEX:1 ,950 Support level to watch out for: HKEX:1 ,800 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
1
Ethereum - Buy The Rumor, Sell The News? 😳What’s up traders. In today’s trading idea, we discuss our thoughts on Ethereum. Taking a look at the Daily chart, we’ve mapped out a few key levels & zones. The story for Ethereum will be similar to our previous post on Bitcoin, in terms of where we think the 2nd largest crypto is headed. If you haven’t heard, the Ethereum network is about to undergo the highly anticipated Shanghai upgrade on April 12th. Simply put, this upgrade will allow investors (validators of the network) to withdraw their ETH that has been staked since December of 2020 (massive unrealized gains sheesh). Right now, staked ETH accounts for 1/7th of the entire supply, 16 million tokens valued at over HKEX:26 billion. Will a massive price dump follow? Without diving too deep into the technicalities of the Shanghai fork, a subsequent dump could likely be in the cards. Scenario 1: Bull Case We see a continued push from Bitcoin, driving Ethereum up. We’re currently in an ascending triangle / bull flag, so a breakout to previous highs wouldn’t be surprising. HKEX:2 ,000 ETH definitely in the cards (Round number pseudoscience). If we can surpass the 2K barrier, consolidate above combined with a bullish Bitcoin. Taking longs right now don’t sound too shabby. Scenario 2: Bear Case The bearish scenario would entail a “Buy The Rumor, Sell The News” situation. Where this push we’ve witnessed in recent days/weeks is due to the hype surrounding the Shanghai Upgrade. A dip back down the 1400-1500 levels might be a solid spot if you want to look at getting long. If we see a severe dip from Bitcoin, and end up retouching the 1000-1200 levels. We’d be looking to buy & hold as those prices would be quite appetizing. As always, NONE of this is financial advice. Trade, and invest at your own risk. This is for educational and entertainment purposes only, and we are in no way shape or form financial advisors. Eyes peeled out there team. See ya in the next one.
by QuantVue
6
Ethereum to 2k usdEthereum finally broke its resistance of 1830 usd. This is a welcome break after a 17 days sideways period. Right now we're at day 25 out of the on average 65 days cycle of Bitcoin. I'm using Bitcoin as a reference as Ethereum is highly correlated to that asset. Meaning we still have a max of 2-3 weeks of upside potential, as I expect us to have peak at the right side of the halfway point of the daily cycle. I believe this move will bring Ethereum at least to 2k usd as that is where the next resistance resides.
COINBASE:ETHUSDLong
by FetchTeam
Ethereum's Potential for Correction in AprilHello friends! I hope you had a profitable trading week so far. This time, I will analyze a potential correction for Ethereum. Same for Bitcoin, I think ETH is due for a correction. I see a potential reversal cooking. In bigger time frame (daily or weekly) it will only look like a correction. But in intraday timeframe, it might be a reversal signs and/or good short setup potential. We can see that there was a bearish divergence in RSI formed. See the dashed white arrow. This indicates that bulls are weakening. These indicates that bears are ready to take action. However, we need a second confirmation. My analysis will be proven if the yellow bold line is broken. This will indicate that the price has formed a lower-low structure, which marks the start of a downtrend (at least in intraday timeframe) Next Question: HOW LOW CAN ETH GO? If you see at the daily timeframe , Ethereum forming a potential bullish megaphone. If ETH is to go down, I think it might go to the lower part of the pattern (see white trendline) But a possible reaction at the support in around 1511 USD is also possible Should we see a bullish signal in those area, we can start buying/long up to 2000 or maybe 2100 USD. Hope you like my analysis and don't forget to share your thoughts as well
Short
by Evolutiontrading-Indonesia
Ethereum Idea | The Bulls attack!Hi traders.. In the next 48 hours, we will see an increase or jump in the price of Ethereum (as well as Bitcoin), which will reach weekly highs in the short term. I think Ethereum has 2 high price zones to reach, those prices are probably $1890 and $1990. I will publish the Bitcoin chart in the next post. Good Luck ⚠️🚨 Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view, And only some of these analyzes are my actual real trades. I hope Traders consider I am Not responsible for your trades and investment decision. ✅ Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed. *************************** This TITLE is BETTER ************************
Long
by Arash-RK
ETH, just in a holding pattern or could resistance be warning usHi traders, today’s update, we are looking at ETH on the daily chart. Recently cryptos have been doing well, and Bitcoin, in particular, has been leading the run. While not exactly up with Bitcoins gains, ETH has been holding its own, and just last week, we saw another test of 1800 by buyers. Sadly, that was a short-term move, and we saw sellers regain control until this week. So far, we have seen 4% added by buyers, and price continues to pepper a decent-looking resistance area marked on our chart below in red. While yes, this is holding back buyer momentum, we also can see an ascending triangle pattern which could suggest buyers are building up to a possible new breakout attempt. We like the look of this pattern as it sits higher after a strong leg upwards. Normally you want to see these patterns form in an uptrend to classify them as a possible bullish continuation pattern. From here, if we see a new retracement form, we want it to hold in the current pattern. A break through the bottom of the pattern would start telling us a different story. A leg higher is also ok as long as buyers can clear and close above resistance. Momentum, for now, remains with the bulls, but we do have this short-term resistance hurdle to clear. Good trading.
EIGHTCAP:ETHUSD
by Eightcap
1
Ethereum: Reaching Out… 🙌Ethereum is reaching out to complete wave 1 in green and still has got some room to rise. As soon as the respective high is established, though, the cryptocurrency should turn downwards and head for the green zone between $1607 and $1424, where wave 2 in green should end. With this low secured, Ethereum should then resume the ascent by developing wave 3 in green. However, a 30% chance remains for Ethereum to scoot below the support at $1370, which marks the last significant low of wave ii in orange. In that case, we would reckon with a new low in the form of wave alt.ii in orange in the orange zone between $1330 and $1150 before ETH can continue the upwards movement.
BINANCE:ETHUSD
by MarketIntel