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Ethereumforecast

Is Crypto the Next Sub-Prime Crisis? ETHUSD (Ethereum) POVMore on this later... For now, if you consider the very real possibility that a recession can quickly become catastrophic with: a war in Europe, seemingly enhanced instability in Asia, Record Inflation, and among other things - the current unwinding of a crypto currency bubble. I'm not totally certain on this, but never in history has there ever been something with such little use, valued so highly (relatively speaking). Okay, tulips, calm down. Even the diehard crypto philosophers (aka #cryptosophers) will concede ideas like: "Meeehh... It's very volatile at times"... granted they only say stuff like that on positive price action; otherwise it's some defensive narrative about what is actually just overcooked libertarianism. The point I want to make is: things remain very volatile post-covid. Interest rates are one off-hand example. Commodities pulling back. Things can get weird real quick. And not only does crypto still looks dangerous, you have to really ask yourself: can this useless digital ledger token do anything? Like can it be spent anywhere other than an arcade? Lol - I bet "subprime" just drives them cray. Take care!
BITSTAMP:ETHUSDShort
by ChiefMacro
Technical Bounce Plausible?The market is ultra bearish, but perhaps we're about to establish a sideways trend? The market has been hinting it for weeks and has not set lower lows. Fundamentals are bearish, but conditions are reasonably oversold for now in the short term. It makes sense for a reflexive bounce as shorters cover their positions, but alas I do not think it will be enough to turn the market around, so I do not forsee a larger rally yet. If we break below 1000 there is a clear violation of structure and the idea is invalid. Maybe there will be another drop yet. I would prepare for that also incase some really really bad news breaks. Banks are putting cash aside to prepare for loan defaults. If that's not some sort of leading signal for more bearishness, I don't know what is. Be prepared either way. What do you think? Let me know! Cheers and don't forget to hedge your bets!
Long
by fringe_chartist
4
ETH (the most important key level)ETH / USDT Since 1 year and half , ETH is trading around 1700$ area Up and Down Why i call it the most important key level Look at chart, the violet color rectangle Every time price touch this area it either an indicator for shift of trend to real bullmarket (2 times 182% in AVG) or bear which happened once ETH brokedown 1700$ in last June . as a result price dumped by 50% Today we test this area again The price action will indicate the long run either this a real local bottom for altcoins or we still need more crashes ! My vote is for bulls, august is likely a green month Whats your vote ? Bulls or bears Don’t forget to like this idea for more analysis and signals best wishes
by Babenski
24
Ethereum dropping lower? Ethereum Intraday We look to Sell a break of 1599 (stop at 1651) Daily signals are mildly bearish. A break of bespoke support at 1600, and the move lower is already underway. A higher correction is expected. Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower. Our profit targets will be 1471 and 1421 Resistance: 1700 / 1780 / 1900 Support: 1600 / 1550 / 1500 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
SAXO:ETHUSDShort
by Saxo
ETHEREUM: AT THE RESISTANCE.Hello traders, welcome to the ETH update. Timeframe: 2 hours. Update: In my previous update, I mentioned two important support levels, $1500 and $1366. After the chart got posted, ETH did bounce back but quickly got rejected from the resistance level, it stayed for a while in the $1500 level but then got further rejected towards the second support level $1366. To be precise, ETH bounced back exactly from $1356, and then you know what happened, the FOMC news and a straight 31.5% pump. Current Scenario: With the recent bounce back and rejection, ETH has formed a new trendline on both sides. The new resistance level is at $1750 and the support is still at $1366 to $1385. At present, ETH is getting rejected from the above-mentioned resistance level. The closes support for ETH is the $1650 where we have the horizontal support and the 21 MA. If ETH has to bounce back then this is good support. A further rejection could be an issue for the bulls. Conclusion: The market is way too green, a short-term correction is needed to maintain the balance. I will update more on this until then trade safely. Thank you.
Short
by Dexter_The_Trader
2
ETH: Turning bullish?Ethereum Intraday - We look to Buy at 1505 (stop at 1459) Short term bias has turned positive. 50 4hour EMA is at 1500. We look to buy dips. 1486 has been pivotal. Support is located at 1500 and should stem dips to this area. Our profit targets will be 1619 and 1649 Resistance: 1660 / 1700 / 1800 Support: 1600 / 1550 / 1500 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:ETHUSDLong
by VantageMarkets
Ethereum ready to break lower? Ethereum Intraday We look to Sell a break of 1349 (stop at 1401) A break of yesterdays low would confirm bearish momentum. With our medium term bias looking to fade gains and the short term bias indicating buying interest we are faced with mixed signals. Daily signals are bearish. Expect trading to remain mixed and volatile. Our profit targets will be 1231 and 1181 Resistance: 1500 / 1600 / 1700 Support: 1400 / 1350 / 1300 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
SAXO:ETHUSDShort
by Saxo
Ethereum Analyze (Important Trend line)!!!🔔Ethereum was able to break the important Trend line by Bearish Marubozo Pattern (with high volume), and when I saw this pattern & volume, I was more sure about the break (Valid). Ethereum passed the pullback to the important Trend line by low volumes these days. I expect that Ethereum will go down to at least the support zone. 🟢Support zone🟢: 997$-880$ ❗️ Note ❗️: If Ethereum can go up more than 1700$, the Scenario will change (Low possible). Ethereum Analyze ( ETHUSDT ) Daily Timeframe⏰(Log Scale) Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BITSTAMP:ETHUSDShort
by pejman_zwin
9
Ethereum - "News rally" doomed to fail? After we abandoned our bearish bias on Ethereum last Friday, it rose by more than 30% just within three days. The media's narrative is that this move comes as “the merge” approaches Ethereum, which will drastically decrease its carbon footprint. That will be allowed due to Ethereum utilizing proof-of-stake instead of proof-of-work, which it currently uses to solve complicated mathematical problems in return for the cryptocurrency. Despite that, technical factors also strongly contributed to the recent price rise. However, we would like to voice a word of caution as bearish fundamental factors will persist throughout 2022; these elements include higher interest rates in the U.S. and around the globe, economic tightening, and an increasing prospect of a global recession. Because of that, we still believe that Ethereum has not bottomed out. Indeed, we think the current price bounce may turn into an ultimate bull trap as we continue to see mounting calls for the bottom and market participants trying to buy every possible dip. Such behavior does not reflect market capitulation. Additionally, the magnitude of moves does not reflect the bull market. Instead, it hints at classic bear market rallies, which are often fast and strong. Therefore, we think the current price is attractive for short re-entry, which should be accompanied by tight stop-loss (as we still see limited upside for ETHUSD). Illustration 1.01 The yellow arrow indicates the bullish breakout. We will pay close attention to the volume and if it is sufficient to sustain the rally for a little longer. Technical analysis - daily time frame RSI is bullish, and if it breaks above 70 points, then it could elevate ETHUSD higher. However, if it fails, then the trend reversal might be imminent. Stochastic is bullish. MACD is bullish. The same applies to DM+ and DM-. Overall, the daily time frame is bullish. Illustration 1.02 Long-term moving averages, 20-week SMA and 50-week SMA, remain bearish. Moving averages on the daily chart are less bearish; however, the bullish crossover did not occur yet. Technical analysis - weekly time frame RSI turned bullish recently. MACD and Stochastic are neutral. DM+ and DM- are bearish. Overall, the weekly time frame is turning neutral. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
COINBASE:ETHUSDShort
by Tradersweekly
49
ETH heading strong resistance and good support levelshello all i think we breakout from a range area and surpass the 1280 resistance. now we reach 1650 resistance and the market react to it. so i think we have a pullback to 1300 area and after that toward 1650 again and repeatedly react to 1650 resistance and after that will go for 2000 resistance. also maybe we have a 50% correction of this impulse wave that shows the 1300 level too. Etherum has good fundamentals according to merge upgrade.so this targets are reachable in coming months. share me your opinion in comments.
Short
by TraderAmin-KZ
2
ETHEREUM: HOLDING THE SUPPORT.Hello folks, here's a quick update on ETH. Timeframe: 2 hours. Update: ETH is at the edge of a bounce back or a drop-down. Things are pretty clear and I don't need to explain much. If ETH breaks and closes below $1500 then $1366 would be the next support level. and if it bounces back then ETH will face the 21 MA resistance and then the upper trendline. Conclusion: Be ready for both long and short opportunities. I'll update more on this, until then trade safely.
by Dexter_The_Trader
2
ETH/USDT - Potential Short ScenarioHello Traders! ETH price has been consolidating in a narrow range for a month. The trigger for the price to go up was the announcement of Ethereum's transition from Proof of Work to Proof of Stake, which is planned for September 19. A corrective movement is developing at the moment, the goal of such movement will be to collect liquidity near the mirror level of $1740, which acted as a strong support level between 2021 and 2022, now, this level acts as resistance. On the basis of the analysis of the older timeframes, it is possible to assume about the continuation of the main downward movement of the price after liquidity gathering near the level of $1740. Medium-term purchases are better to be gained in parts near the support levels of $1005 $800 and $615. Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
COINBASE:ETHUSDShort
by UnknownUnicorn10064030
ETHUSDT: Elliott Waves Intraday TradingHello everyone! The price of Ethereum rose within my expectations in wave 5 of wave C; and the big wave 4 is coming to its conclusion. Already now you can get ready to look for good entry points into a short position; for example, on the price breakdown of the local trend support. It is possible that in the next month Ethereum price will update the historical minimum and once again disappoint the cryptocurrency community, which is already fully confident in the price reversal. P.S. Vitalik Buterin will probably not sleep well very soon) The continuation of growth can be considered only with the formation of a corrective trend continuation pattern in the price range of $1600-$1300. Best Regards, CEO Tornado Capital
Short
by HurricaneCapital
2