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 !
Ethereumforecast
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.
ETHUSD 💵💵💵😊💵💵💵ETHUSD seems to be moving in the same pattern as BTCUSD.
So far we are in a correction of wave (1) and we're expecting bears to be in control all the way down to wave 2. Then bulls will definitely get on board to ride the all the way up to wave 3..
Please, don't miss the next coming bulls move, as this will the longest bulls move after wave 2 correction is completed.
Remember this , Bulls need more gas to take control of wave 3.
Wishing you all the best...💵💵💵😊💵💵💵
ETH short term trade. Local shortOur global forecast for the cryptocurrency ETH is relevant. We expect a test of the $2600 range, from where the price has every chance to start a new powerful wave of growth. Links to our recent global ETHUSDT forecast below:
However, at the moment the sellers have not given the initiative. The price is slowing down, but sellers are preparing for another local downward momentum.
From how buyers will behave around the $2600 mark , it will be clear whether there will be a new wave of growth in the near future. So far no signs of buyer strength are visible.
Local ETH short
Admission 1: $2865
Admission 2: $2923
Stop: $3001
Such profit: $2675
The critical point where you need to closely monitor the price and be ready to fix the profit - $2726.
P.S. This local short is carried out near local minima. This should be taken into account when determining the size of the position.
DeGRAM | ETHUSDT shortEthereum has been channeling for quite some time.
ETH price is slowly gravitating down to major support levels.
The lower border of the channel is expected to be tested.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
Ethereum: Greens 🥬Ethereum has resolved to eat more healthy food. Thus, it has added a lot of greens to its diet, as is visible in our chart. First, it should take a bite of the middle green zone between $2169 and $1542 to finish wave 3 in green. Then, it should climb upwards to complete the countermovement in wave 4 in green. Afterwards, Ethereum should resume the descent below the support at $1711 and into the lower green zone between $1590 and $1349, where wave 5 in green should end. However, there is a 35% chance that Ethereum could decide to take a mouthful of the upper green zone between $3249 and $3481 before moving downwards again.
ETHEREUM - Has Worked as a HedgeEither now or 12,5% lower we do expect Ethereum to find some major support.
We have been Buying BTC on every technical support while going short on Ethereum on every technical resistance, as our way of hedging or exposure.
This is about to change though as we do see Ethereum on support now (good one) and with the BIG one just a bit lower (2000$).
This could be a good indication that this 'Bear market' could come to an ease.
Needless to say that we are looking for better charts to go short on... stick around and you will find out.
One Love,
the FXPROFESSOR
ETHEREUM LONGS ACTIVE 📉📉📉In this moment i don't see lower price action on ETH as stock market is very bullish into the FED Meeting, we have extreme fear both on crypto and stock market meaning the traders/investors are panic selling their asset and this could be a good buying opportunity, i think we will see the selloff movement on BTC after the Fed Meeting (2days) around 3200$ level, this chart is preety much the same as BTC.
Another target area for me is around buy side liquidity aka equal highs area where we could take some profits (weekly highs)
What do you think ? Comment below..
ETHEREUM LONGS 📉📉📉Expecting bullish price action on ETH as BTC should rise and move the market into bullish zones. We have a manipulaiton below the sell side liquidity on ETH + a rsi divergence on the H4 that signs a potential bullish reversal. Targets are into buy side liquidity area + bearish imbalance area 3253
FEAR/GREED Index on the CRYPTO MARKET says that we are in EXTREME FEAR meaning there is a good buying opportunity.
What do you think ? Comment below..
Ethereum to drop further? Ethereum
Intraday - We look to Sell a break of 2794 (stop at 2844)
Daily signals are bearish. A break of the recent low at 2798 should result in a further move lower. Prices are extending lower from the bearish flag/pennant formation. There is no clear indication that the downward move is coming to an end.
Our profit targets will be 2664 and 2614
Resistance: 2880 / 2950 / 3000
Support: 2800 / 2700 / 2600
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