ETHEREUM UPDATE: ALERT!!Hello traders,
Here's an update on ETH in 3 hours timeframe.
ETH has been rallying under the $1900 to $2000 range for the last couple of weeks. Could it be a high time for ETH to rally higher or will it drop down further low? Usually, after a big drop, a sideways pattern, a falling wedge pattern, or a rising wedge pattern is considered bullish or bearish depending on the favor of the market.
What I personally observed is whenever the market has made this move, it has fallen further down. The current ETH chart is close to the support line. If ETH breaks and closes below the support level then I am expecting a drop up to $1700. For a higher rally, ETH must bounce back and break above the resistance level.
As I said in my previous, it is better to wait for confirmation.
Trade safely.
Ethereumforecast
Ethereum: BlueI’m blue
Da ba dee da ba di
Da ba dee da ba di
Da ba dee da ba di
In case you won’t get this Eiffel 65 song out of your head today – sorry! However, blue is indeed Ethereum’s preferred color scheme in our chart. From its current position in the lower blue zone between $1295 and $2164, Ethereum should rise into the upper blue zone between $2305 and $2472 to finish wave (iv) in blue. Then, it should drop back into the lower blue zone, making it even as far as the overlapping yellow zone between $1743 and $589, in which wave (2) in yellow should end.
Ethereum could go below $1,000#Ethereum is hanging by a thread, a break of $1791 with candle closures, guarantees a price correction to $1.37k - 1k demand zone. A hold of the above region could lead price to rise to $2.4k - 2.2k supply zone and continue to $2.65k - 2.95k regions possibly. If we reach this key daily supply area, we could see a sharp drop down to $1k as its a major order block and liquidity level.
As of now #Eth is forming lower lows and is very bearish, a push above is just to form lower highs comparatively and in turn trapping retail trader to grab liquidity. DO NOT INVEST AT THESE CURRENT LEVELS, wait for better prices to come to you below $1k ,IMO.
ETH Update - Next Target @ $1,600The 4 Hour chart is over bought.
Momentum is dying and it looks like ETH will be on its way down soon.
Opening longs here might not be the best idea while inside this bear flag / pennant however you want to look at it.
Small bounce expected once it hits #5.
Entry Between:
$2,053 - 1934.36
Take Profit:
TP 1 - $1,792.41
TP 2 - $1,613.06
Stop Loss:
$2122.11
If you'd like me to analyse any other crypto send me a message or leave a comment 👍🏽
Happy trading!
Not Financial Advise. Do Your Own Research.
ETHEREUM TRADE SETUPHey guys, ETH in a lower timeframe is breaking out of the triangle pattern. If this is a real deal then we will see ETH reaching up to $2.4k to $2.5k.
The accumulation level will be $1950 to $2050.
Target $2400 to $2500 (20%).
Stop Loss: $1850.
I am buying ETH in spot also in leverage but with a minimal investment.
Bearish Ethereum Do you still remember this chart from 07/05/2022?
Do you still remember this comment?
"Yet another weekly timeframe analysis.
Where it says "head' was the Eth All Times High (Axis). Take notice of bullish and bearish trends in the chart, volume, MACD and everywhere.
Best sample to master bearish chart patterns, all in one place."
Well, there has been a lot that has happened since and exactly as predicted in this chart. This is the same chart as of 07/05 with new comments.
1) Ethereum has indeed followed the downtrend pattern.
2) We've lost the very important support 2680K which turned to resistance.
3) We've lost the 2300K support gained on 24/02/2022, and turned now to resistance.
4) We've lost the 2155K support gained on 24/01/2022, 1nd turned now to resistance during the last crash that started on 12/05. Ethereum retested this level on 16/05 and has been rejected.
No more comments!
This is not financial advice. Do your own research before trading.
Ethereum : Ready to for a breakout or breakdown weekAfter consolidating below $2000 , ethereum is getting close to another breaking point. In coming week we might see a breakout or break down . long term position entries are already taken in ethereum with last entry at 1800. The initial target I am targeting is $3000 for long term. In coming week my idea is that if the price goes down it may test the support of 1800 once again.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
ETH - will go below $1,000This weekly chart shows that the Weekly 20 EMA is about to cross below the 50 EMA, probably in the next few days this week.
So far we've hit all the targets on the weekly chart for ETH.
One more target left which takes us below $1,000 and I am expecting this to hit in the coming weeks.
At the time of writing this ETH is currently being rejected by the 1 Hour 20 EMA as well as being rejected by the 4 Hour 20 EMA.
The 1 Hour RSI is showing over bought and MACD is running out of gas and I am expecting ETH to continue the decline.
ITS TIME TO DO OR DIE FOR ETHEREUM!Crypto markets got decimated in the last couple of days!
Not only crypto but all risky markets!
It was obvious and check my related ideas in the links below!
Collapse of Terra also affected the market and caused panic when investors were looking for a reason to dump!
So here comes to dump! Insane amount of it!
Blue box on the bottom of the chart is an important support area which around 1800-1880.
For around 1.5 years price test this area as support and resitance number of times.
Today we brokeout below of 1800 but buyers stepped in around 1680 area!
IF 1800-1880 area cant hold the line, we have a really big problem!
Price can go down rapidly.
Important support zone
1880
1679
1576
1398
1260
Ethereum is approaching significnat support. There is a blood bath on the Crypto market and, of course, Ethereum is not making an exception. Although I'm strongly bearish on the medium term, at this point I expect a correction.
In Eth's case, the price is approaching a strong support zone and a speculative buy trade can have good chances of success.
Looking at the posted chart we can clearly see the level that I'm talking about and the Ethereum can have a relief rally towards 2k from this zone.
If you take this trade you should be very careful and trade low volume because you are grossly against the trend!
ETHEREUM IN DANGER???Hello members, welcome to this ETH update in 3 days timeframe.
This certainly doesn't look good. ETH made an H&S pattern and then doom. A -32% drop so far has liquidated many traders' hard-earned $$$$. We can see certain support levels at $1790, $1445, and $1050. Most likely ETH can bounce back from any of these support levels but will it be too late for the market to recover all these losses?
Things are quite skeptical here and we must stay extra cautious if you are holding any coins. As the ETH is dumping badly, the RSI is dumping too and it has reached the oversold area. The only direction the RSI goes from here is in the upward direction. So, if not support 1 then support 2 could be the bounce-back level for ETH.
Let's see what comes next.
Thank you.
ETH going to $30?
My analysis On ETH/USDT
- Elliott wave in 1H/15M
- Rising Wedge
- An Ascending Triangle
First going toward $26k after achive this Pullback $23k
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
Ethereum coming back strong? Ethereum
Intraday - We look to Buy a break of 2481 (stop at 2414)
Short term momentum is bullish. A break of the recent high at 2480 should result in a further move higher. We are trading at oversold extremes.
Our profit targets will be 2648 and 2698
Resistance: 2480 / 2580 / 2700
Support: 2400 / 2300 / 2200
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.
Jamie Gun2Head - Steve copied my crypto short Trade Idea: Sell ETHUSD
Reasoning: Shooting star on hourly chart - 50 EMA resistance
Entry Level: 2395
Take Profit Level: 2278
Stop Loss: 2242
Risk/Reward: 2.49R
Disclaimer – Signal Centre. 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 all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of 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.
ETHEthereum, will it serve as a leading indicator, that bitcoin could fall further? Look how interesting, Ethereum activates the SHS and now it's just coming back to make a pullback that can activate the bearish pivot when it loses 2,203k. Outside that ETH/BTC Shows that the asset is in a drift that shows previous loss of strength. Full Alert !
Ethereum - ETHUSDT to move lower in tandem with other tokensIn our previous post on Ethereum, we noted that the most prominent foes to ETH were the prospect of higher interest rates in the U.S. and capital rotation into gold from cryptocurrencies. We also noted that we were inclined towards the downside for ETHUSDT; nowadays, we continue to maintain this notion. Because of that, we would like to set a new price target for ETHUSDT to 2500 USD.
Illustration 1.01
Moving averages confirm a bearish consensus for Ethereum.
Technical analysis - daily time frame
RSI, Stochastic, and MACD are bearish. DM+ and DM- are bearish too. ADX increases, which suggests that the bearish trend is gaining momentum. Overall, the daily time frame is bearish.
Technical analysis - weekly time frame
RSI, MACD, and Stochastic are bearish. DM+ and DM- performed bearish crossover recently and continue to point towards more weakness. ADX contains a relatively low value. Overall, the weekly time frame is bearish.
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 serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.