Ethereumdollar
Ethereum- New leg down on medium term?The rise for EthUsd has stoled above 3k exactly in 61% Fib retracement of the big May drop.
At this moment EthUsd is trading in a range and if bulls can't manage to keep 3k intact I expect a new aggressive wave of sells.
In such an instance 2250 is my first target
Ethereum above 3.3k would change my bearish opinion
Ethereum SHORT introducing USD smart contracts blockchainEthereum failed to recover above the $3,120 pivot zone against the US Dollar. ETH price is declining and it could extend its losses below $2,950.
Ethereum struggled to recover above the $3,120 and $3,125 resistance levels.
The price is now trading below $3,080 and the 100 hourly simple moving average.
There is a major bearish trend line forming with resistance near $3,150 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could accelerate lower if there is a close below the $2,950 low.
Ethereum Price Remains At Risk
Ethereum started an upside correction from the $2,950 low, similar to bitcoin. ETH price surpassed the $3,000 and $3,050 resistance levels.
There was a break above the 23.6% Fib retracement level of the key drop from the $3,280 swing high to $2,950 low. Ether even spiked above the $3,100 level, but there was no upside continuation above the $3,120 resistance level (the last key breakdown zone).The price also remained well below $3,150 and the 100 hourly simple moving average. It seems like ether was rejected near the 50% Fib retracement level of the key drop from the $3,280 swing high to $2,950 low. There is also a major bearish trend line forming with resistance near $3,150 on the hourly chart of ETH/USD. It is now moving lower and trading below the $3,000 support. On the upside, an initial resistance is near the $3,025 level.
The first key resistance is now forming near the $3,080 level. The main resistance is still near the $3,120 level. A clear break and close above the $3,120 zone might start a fresh increase. In the stated scenario, the price might recover towards the $3,200 resistance. If ethereum fails to continue higher above the $3,080 and $3,120 resistance levels, it could extend its decline. An immediate support on the downside is near the $2,950 level. A downside break below the $2,950 support zone could spark a sharp decline in the near term. The next major support could be $2,880, below which the bears might aim a test of the $2,600 support zone.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is now gaining pace in the bearish zone.
Hourly RSI – The RSI for ETH/USD is now below the 40 level.
Major Support Level – $2,950
Major Resistance Level – $3,120
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Ethereum- Pin Bars before correctionAlso Ethereum looks tired and a correction could be just around the corner
A Doji candle 2 days ago is followed by a Pin Bar yesterday and this give me reasons to expect a drop soon.
Above 3200 sellers seem strong and short term sellers could have at least 2800 as a target
A daily close above 3250 would negate this scenario
MA"s Time Spent 'Open"In this comparison we have GOOGL and ETHUSD
I like to call MA's open when the three (50,100,200) are spread and free to move upwards
We can see GOOGL has been 'open' (in its most bullish state) for 10.5 years
Correlating this with price, it is obvious that this is the most bullish progression of price
We can also see ETHUSD has only been open for 154 days .
This is the first time in ETH's history that the MA's have been in this state
I expect bullish results, very bullish results
ETH Pump Potential - TopCapUsing the TopCap indicator for ETH we can see potential tops and previous tops
As you can see there is a massive discrepency between the ETHBTC chart and the USD chart
Suggesting there will be a second (2) up move for the USD pair to compensate
With ETHBTC's recent forming of a nice bullflag we could see some new highs for both pairs
I am long Ethereum
Another ETHEREUM AnalysisAll signs point to 20k
I know it sounds ridiculous, but consider it.
Pull a 2017 Bitcoin.
ETHUSD's first bull run pushed it up 23000%
Assume this occurs again
This places the price at just above 20k
With structural similarities, volume rising, and beautiful fundamentals. I wouldn't doubt it.
ETHBTC is displaying dangerously bullish signs with the current bullflag formed
It wants to form a channel from this recently acquired bull trend, which I have shown (parallel channel)
For this channel to form a large upward move would be needed, which I have plotted (bars pattern)
Putting ETHBTC at .25 briefly
With BTC also rallying to possibly (80 - 100k)
The price of one Ether would be 20k
Attached are my other popular analyses that also point to this
ETHUSD thoughts Ethereum is still within this wedge structure
Still above the major trendline that has formed (in yellow)
Red dotted line is where price will flirt with below the major trendline before bull momentum returns
I do believe this is just a very long pullback and bull action will resume
If it is, its the biggest shake ive witnessed so far
ETHUSD/BTC Falling WedgesETHBTC has formed a nice flag/falling wedge pattern that will very likely break out to the upside
While ETHUSD is trying to find a bottom 0.786 is a good candidate, with it being a previous point of resistance, now could prove itself as a point of support (green)
I have drawn also how I think the MA's (50,100,200) will play out on the USD pair, 4Hr chart
Continuation up for ETHUSD after two touches on the 200MA
Alligator Fakeout's, 58% Time will tell I guess
I am hodling my bullish stance
Yes it does look like a top formation, however time does not warrant a top this early
With everything going on around the Ethereum space (NFT's, DeFi) A run greater than that of BTC's 2017 run is expected by me.
I am long Ethereum
Ethereum - this could be the best area to buy!!! 🤑🤑New update on ETH. On the Ethereum chart, we see that the price broke the important $2.177 level, closed above, tested it as support, and went up. Locally, we also see a trend line, which prevents prices from declining and is strong support. If the price corrects to the area marked below, it could be a good time to buy with the targets marked above!
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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
Ethereum Hourly Idea ETHUSDA symmetrical triangle followed by a descending broadening wedge
now we are presented with a rising wedge which usually results in a downward outcome (red bars pattern)
The red bars pattern hits the downtrend and 1.618 at the same time, providing a huge support
This is the optimal entry point
Yellow zones are just areas of importance (rejection areas, fib level touches)
Idea for people trading lower timeframes
I am long Ethereum