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Ethereumbulls

#ETH Bulls up 40% from June Lows, ETHBTC in a Bull FlagPast Performance of ETHBTC Ethereum is technically bullish versus BTC, especially if the price action of H2 2022 leads. Presently, Bitcoin prices appear firm but inside a descending wedge, that is, a bull flag. The primary support is at 0.070 BTC, while the resistance is 0.075 BTC. #ETHBTC Technical Analysis ETH buyers are in control, per the formation in the daily chart. Despite the series of lower lows, especially in the late Q3 and mainly Q4 2022, the uptrend is firm. To illustrate, ETH is up 40 percent from June 2022 lows. Furthermore, ETH bulls have support at around the 38.2 percent Fibonacci retracement levels meaning the upside momentum is still strong. However, from the current formation, traders can wait for a clean breakout before committing. Gains above 0.073 BTC, reversing losses of December 16, above the bull flag, may see ETH float higher, towards 0.075 BTC and 0.078 BTC, respectively. What to Expect from #ETHBTC? Prices are in range, trading inside a bull flag. Overall, buyers are in charge, but there must be a breakout for trend confirmation. Any surge above 0.075 BTC may drive more demand for ETH, pumping it to Q3 2022 highs. Resistance level to watch out for: 0.075 BTC Support level to watch out for: 0.070 BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Ethereum Buyers Expect a Retest of 0.080 BTC, Uptrend ValidPast Performance of ETHBTC ETHBTC remains wavy in a broad, multi-week trade range as Ethereum bulls dominate. Per the performance in the daily chart, there could be more for buyers to gain in the days ahead, considering the general resilience of ETH bulls. Therefore, guided by this, every low above 0.065 BTC, or October lows, may offer support to optimistic buyers angling for a retest of September 2022 highs. #ETHBTC Technical Analysis ETH is up roughly 10 percent from October 2022 lows versus Bitcoin, per the formation in the daily chart. Coincidentally, the 0.065 BTC support line also flashes with the 61.8 percent Fibonacci retracement level of the June to September 2022 highs. While ETH buyers stand a chance and optimistic buyers can load on dips, targeting November highs at around 0.080 BTC, there must be sharp gains reversing November 8 and 9 losses. Ideally, conservative ETH bulls can wait for a clean break above 0.080 BTC to hitch the ride to 0.085 BTC. Losses below this week's lows may easily see BTC buyers take charge; forcing prices back to 0.065 BTC. What to Expect with #ETHBTC? Ethereum traders are confident, expecting trend continuation, especially if bulls continue soaking in selling pressure and reversing losses of the second week of November. As long as prices hold above 0.068 BTC and this week's low, ETH prices may bounce higher toward November highs. Resistance level to watch out for: 0.080 BTC Support level to watch out for: 0.068 BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
1
#Ethereum Drops 22% from August peaks, Support at 0.066 BTC Past Performance of ETHBTC From the daily chart, ETH buyers have the upper hand and posting gains versus BTC at critical support levels. The bounce of Ethereum prices follows weeks of sharp losses, especially in September when the coin dropped roughly 22 percent, recoiling from September 2022 highs. At spot rates, there are hints of trend resumption. Nonetheless, the leg up will be only after confirmation of this week's gains. #ETHBTC Technical Analysis Traders are confident of what lies ahead for ETH. With fundamentals providing tailwinds, the rejection of lower prices from around the 50 percent Fibonacci retracement level of the June to August trade range is a welcomed development. If prices are trading above 0.066 BTC, traders can accumulate ETH, targeting a retest of September 18 at 0.074 BTC. This is nonetheless subject to whether bulls come through and lift the coin higher. Technically, prices are bound within the bear bar of September 18 through 21. As such, bears are in control in the short term. This preview will hold valid if there are sharp turns below this week's lows, unwinding gains. In that case, ETH may post more losses versus BTC, even contracting to the 61.8 percent Fibonacci line of the June to August trade range at 0.063 BTC. What to Expect from #ETH? Buyers anticipate more gains in the medium term, aligning with the June to August primary trend. However, this is subject to bulls' participation and prices trending above 0.066 BTC with increasing volumes, shaking off bears defined by the September 18 to 21 bear bars. Resistance level to watch out for: 0.074 BTC Support level to watch out for: 0.066BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#ETH Uptrend is Defined, Bulls May Reclaim 0.082 BTCPast Performance of ETHBTC ETH bulls are in the driving seat when writing, reading from the formation in the daily chart. For context, ETH has outperformed BTC in the last two months, adding an impressive 65 percent. Although ETH is currently down, prices are above the dynamic support line, which is the middle BB, and if they press on, they would likely reclaim August 2022 highs. #ETHBTC Technical Analysis Following gains of August 25, ETH bulls have unwound losses it posted versus BTC on August 19. However, those gains have been reversed at spot rates. The positive news is that ETH prices are back above the 20-day moving average, aligning with the primary trend established in July. As of now, aggressive ETH traders may load the dips in smaller time frames, targeting 0.082 BTC or August 2022 highs. However, this forecast will hold as long as prices are above 0.074 BTC or last week's lows. Meanwhile, conservative trend traders can wait for a clean close above 0.082 BTC before riding the emerging formation, aiming for 0.089 BTC or December 2021 highs. What to Expect from ETHBTC? Losses of late last week have been reversed, and ETH prices are back in an uptrend despite earlier losses today. In all, the primary trend has been defined and ETH bulls may edge above August 2022 highs in a continuation pattern if ETH bulls reject lower prices by today’s close. Resistance level to watch out for: 0.082 BTC Support level to watch out for: 0.074 BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer