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Ethereumlong

ETH Market Commentary 23.09.2021After an impressive breakout, the next leg now follows (there was also the simpler ETHBTC play where buyers have succeeded and are ready to play the next deflection). On the ETHUSD side, buyers have created a chance for Q4 to attack the highs. Sellers did not want to hold past the C leg which is screaming in advance that sellers are really only masked buyers and the direction decisively favours the topside. So now with this deflection from the C lows, the previous highs have been taken unlocking tempo for buyers. The next leg is impulsive on account of the trap and unwinding. The position should reach $3,600 in the coming sessions comfortably with $4,000 the next target in scope.
BITMEX:ETHUSD.PLong
by ridethepig
Ethereum Price Holds Bullish Case Aiming For $4,400 Ethereum price is still on track for all-time highs despite the resistance at $4,000. The SuperTrend indicator and the MACD send buy signals, encouraging buyers to join the market. Ethereum bulls are adamant about letting go of their grip on the price, perhaps because they are very close to the all-time high. In the days leading to last weekend, Ether sustained an uptrend whereby a real break was made above $3,600 and extended to $3,800. On Sunday, buyers nearly brought down the barrier at $4,000 but an unexpected obstacle at $3,980 cut short the upward action. Ethereum Bulls Embrace Multiple Buy Signals The most prominent smart contracts token is trading at $3,812 at the time of writing after recoiling from support near $3,600. Bulls believe that it is a matter of time before they make their way above $4,000. The short-term goal is to close the gap at the all-time highs around $4,400, a move that will blast Ether into the subsequent price discovery phase. According to the daily chart, the technical picture mainly favors the bulls. For example, the SuperTrend indicator has recently flipped bullish. This indicator sends a buy signal when it closes the day below Ethereum’s price. If the technical picture stays the same, we expect Ethereum to remain in the bullish camp. Similarly, the Moving Average Convergence Divergence (MACD) indicator moved above the mean line, thus adding credence to the bullish outlook. Realize that the MACD is a trend tracking tool that calculates the momentum. As the 12-day EMA crossed below the 26-day EMA, the odds increased in favor of the uptrend. As long as the technical picture on the chart is unchanged, Ethereum has the potential to rally to $4,400. On the other hand, bulls must focus on lifting above the supply zone marked red on the chart. A real break past this level will encourage more buyers to come to the market as investor risk appetite rises. In turn, giving ETH the momentum to hit a new all-time high. Ethereum Price Intraday Levels Spot rate: $3,822 Trend: Bullish bias Volatility: Low Support: $3,600 Resistance: $4,000
COINBASE:ETHUSDLong
by CoinGape
ETHUSD Update Updated thoughts on ETH Im not sure if the Top cap value for the ETHBTC pair is accurate, it may only correspond to ETHUSD Using the ETHUSD chart where it is valid I have placed a target at 8K, i believe it will be fulfilled You can see how the curved white line (Middle line) is descending upon the major trendline and is forming a rising wedge in the process This formation 'rising wedge' is considered bearish in the books See if it holds up or the bullish rising wedge is born
COINBASE:ETHUSDLong
by Bixley
ETH Risks Pullback To $3,400 Before Final Approach To $4,000 Ethereum price rejected from $3,600, forcing bulls to seek refuge above $3,500 or risk declines to $3,400. Short-term technical indicators gradually flip bearish, implying that the path with the least resistance is downward. Ethereum rally to $3,600 has not been without struggle and delays. Bulls have been putting up an aggressive fight since the gigantic smart contracts token tumbled under $3,000 in September and tested support at $2,650. For several times, Ethereum failed to clear the resistance at $3,200, resulting in pullbacks below $3,000. Nonetheless, bulls took complete control of the market in October and subsequently triggered gains that have recently brushed shoulders with $3,600. The uptrend to $4,000 is still a pipedream, especially with Ethereum facing intense selling pressure in the supply area around $3,600. If Ether fails to close the day above this zone, investors can expect a rundown to $3,400 or $3,200 in the coming sessions and on the weekend, where ETH will become more attractive to the bulls. Ethereum Fights To Keep Uptrend To $4,000 Intact But Is Immediate Recovery Viable? Ethereum has been rejected from the supply zone in the red, delaying the move to $4,000. The pioneer smart contracts token trades at $3,565 at writing amidst an intense tug of war between bulls and bears. A daily close below $3,600 could see overhead pressure rise, while a break under the ascending trend line support will add weight to the potential breakdown targeting $3,400 and $3,200, respectively. It is worth remembering that the Moving Average Convergence Divergence (MACD) could soon send a sell signal, compelling more traders to dispose of Ether. As long as the MACD keeps dropping toward the mean line, the pulldown on Ethereum will carry on. At the same time, the Relative Strength Index (RSI) shows that sellers are gradually gaining strength. The odds favor the bears as the MACD nears the midline, while a continued drop to the oversold could trigger a selloff. Ethereum Price Intraday Levels Spot rate: $3,573 Trend: Bearish Volatility: Expanding Support: $3,500 and $3,400 Resistance: $3,600 and $3,800
COINBASE:ETHUSDLong
by CoinGape
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