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Ethereum London Fork Blasts ETH To $2,700 As $3,000 Beckons The clock is ticking for the much-awaited Ethereum London hard fork set to go live on August 5. Investors positioned themselves for the upgrade and expected rally pushing Ethereum above $2,700. A break above $2,800 could trigger massive buy orders amid investor anticipation for gains above $3,000. Ethereum price broke away from its peers and made an impressive run from $2,400 to levels above $2,700. The bullish leg came close to trading at $2,800, but a minor correction interfered with the bulls’ mission. At the time of writing, Ethereum trades around $2,700 while bulls put a fierce fight for gains heading to $3,000. Most short-term technical indicators have flipped bullish, implying that buyers have the upper hand. The latest upswing from $2,400 is believed to have resulted from investors positioning themselves ahead of the revolutionary London hard fork upgrade. Ethereum London Hard Fork Will Go Live On August 5 According to ethernodes, the much-anticipated London hard fork is just eight hours away. It is supposed to occur on block 12,965,000. Node operators on the Ethereum blockchain have been getting ready for the upgrade, and ethernodes confirms that 75% are ready. The Ethereum London Hard Fork is crucial mainly for implementing EIP-1559, one of the five proposals the upgrade would bring to the network. EIP-1559 aims at reducing gas fees that have been highly exorbitant to function on a base fee mechanism. Users will no longer need to pay more to prioritize their transactions. In addition to that, the fee collected would be sent to a non-recoverable wallet, where it is burned. Ethereum Price Rally Takes Breather Following the uptick to areas close to $2,800, Ethereum retreated to $2,700. Buyers are mainly focused on pulling Ethereum above $2,800. Perhaps at this level, massive buy orders would be triggered to support price action beyond $3,000. Realize that the Moving Average Convergence Divergence (MACD) indicator has a bullish impulse. Ether has sustained this call to buy since July 20, but the uptrend was confirmed with the MACD crossing above the mean line. As long as this indicator continues with the upward movement within the positive region, bulls will have the upper hand. Buyers should also establish higher support, preferably at $2,700, which will allow them to comfortably execute the mission toward $3,000. Ethereum Intraday Levels Spot rate: $2.711 Trend: Bullish Volatility: Growing Support: 2,700 and $2,400 Resistance: $2,800 and $3,000
COINBASE:ETHUSDLong
by CoinGape
3
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
COINBASE:ETHUSDLong
by Bixley
1
Ethereum Price Leaps To $2,600 Ahead Of The London Hard Fork Ethereum price gains traction during the weekend, trading above $2,600. The much-awaited Ethereum London hard fork upgrade is expected to kick off on August 4. Ethereum must settle above $2,600 to avert a potential retreat to $2,400. Ethereum price gained abandoned the bearish calls to $2,000 late last week and posted incredible gains over the weekend. The pioneer smart contract token had initially been capped under $2,400. However, its downside had also been protected by an ascending channel’s lower boundary. This line of support put Ethereum in the trajectory for gains above $2,400. The bullish leg extended above $2,600 and briefly touched $2,700 on some exchanges like Coinbase. A minor correction came into play with Ethereum slicing under the ascending channel’s middle boundary. At the time of writing, Ether is trading at $2,560 amid a renewed effort by the bulls to fight for another take on the seller congestion at $2,600 and $2,700. Ethereum Price Upswing to $3,000 Seems Imminent It is the bulls’ priority to establish higher support for Ethereum as soon as possible. Perhaps holding above $2,500 will keep the focus on $2,600 and $2,700, respectively. Note that another break past $2,600 may trigger more buy orders as Ethereum soars to $2,700 before making hast toward $3,000. From a fundamental perspective, Ethereum is at an optimum point to rally. Investor sentiment keeps improving ahead of the Ethereum London hard fork. This key upgrade encompasses the EIP-1559, a proposal that will see network gas fees significantly brought down. In a way, the prevailing exploitative gas fees have made Ether less competitive. However, with the barrier out of the way, Ethereum can rise to higher levels. On the flip side, holding above $2,500 is crucial for continuing the uptrend to $3,000. However, if broken, bears will gain momentum and push the price to $$2,400. Massive losses will be triggered if sellers surmount the bulls’ at this level. Other support areas to keep in mind include $2,200 and $2,000. Ethereum Intraday Price Levels Spot rate: $2,560 Trend: Bullish Volatility: High Support: $2,500, 2,400 Resistance: $2,600 and $2,800
COINBASE:ETHUSDLong
by CoinGape
1
Time to Convert BITCOIN to ETHEREUM?! ALTSEASON Starting?!Is now the right to rime convert Bitcoin to Ethereum to increase your Bitcoin stack? One of the best risk reward trades in cryptocurrency is knowing when to convert between Bitcoin and Ethereum. You can easily multiply your Bitcoin stack while taking on relatively small risk as Ethereum is the most stable of the altcoins. So the question before us is "Is now the right time to convert some Bitcoin into Ethereum?" so that as ETHBTC rises, we will be able to increase our Bitcoin holdings. On the bullish side, we do have a double bottom breakout which has been confirmed by the break of the neckline, indicating that the ETHBTC pair is likely to head higher. Moreover, ETHUSDT has had a huge double bottom breakout as well on the daily timeframe that has a technical target of $3000+ (though we would've liked to see more volume on the breakout). On the bearish side, ETHBTC is running into trendline resistance (this is the trendline from a descending triangle), so the pair might get a rejection here. That said, if we are able to break out of the triangle and close above this trendline resistance, then we would have a double bottom breakout combined with a trendline/triangle breakout, which would be super bullish. Let me know in the comments below of if you playing it safe and waiting for a daily close above the trendline or if you are being aggressive and converting Bitcoin into Ethereum Now.
Long
by cryptotraderog
2
New Trend Signal For Ethereum - Time to Jump in LONG ! COINBASE:ETHUSD This Trend Indicator system does not look complicated but it is one of the great systems used by one of the original billionaire trend traders from Richard Dennise Turtles. It works great on Crypto. I picked this up in 2012 when I worked on Wall St. It is not the Channel system some have seen but a lesser known system. Anyway the important thing is we have a start of a new trend it is official - get in now buy Ethereum !
BITSTAMP:ETHUSDLong
by sky777666
3011$ Ethereum is valid.Our calculations are a bit mixed. We compare the Sellers and Buyers and determine the price through artificial intelligence. Amount or not. We withdraw all our money at the specified point. We certainly do not enter the short position from these points. It's not that we can't lower the price. We want it to rise. Everybody win. You can check my old posts. We do what we say. Confidentiality is essential in our positions. There will definitely be those who enter reverse trades. We are waiting for him. For the hunt. While they hunt small fish. They do not realize that they are prey. When I talked to the fund managers, we saw this decrease in January 2021. We can see the trend return with a weekly close above $39200.
Long
by TraderEtc
1
Ethereum Consolidating for HUGE Breakout SOON! 2350 Incoming?!Ethereum is consolidating in a symmetrical triangle after the most recent bullish rally. From a purely technical analysis perspective, there is a higher likeliness that price breaks upwards since price rallied into the triangle. That said, we want to wait for a breakout and confirmation before jumping into any trades. If price breaks to the upside, the potential target is at 2340. If price breaks to the downside, then the 200MAs at 2115 could be an area of potential support and therefore a good place to take profits from a short. The 200MAs is a good place to place a potential long as well if price drops down to that level. Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin , Ethereum , and Altcoins. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Long
by cryptotraderog
4
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
KRAKEN:ETHUSDLong
by Bixley
3