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Ethereumlong

Ethereum price takes a pit stop at $2,400Ethereum scaled some key levels from last week’s support of around $2,500. The largest altcoin hit levels above $2,800 following sluggish trading over the weekend. Moreover, bears forced their way, ending the seemingly eternal dilemma in the market. A correction followed Bitcoin’s dive from $36,000 to $32,000. Bearish calls have soared in the market, with analysts believing that cryptocurrencies are in for a massive dip. At the time of writing, Ethereum trades around $2,500 after bouncing off support at $2,400. The immediate upside is limited by the 100 Simple Moving Average (SMA). This means that recovery emanating from the support at $2,400 could face delays at this level. Ethereum sends mixed signals As mentioned, support at $2,400 has stopped losses from stretching further. Nonetheless, the Moving Average Convergence Divergence (MACD) indicator has a bearish signal. The MACD line cross under the mean line (0.00) cannot be overlooked. Besides, the trend momentum indicator has slipped into the negative region; thus, adding credence to the bearish outlook. The Relative Strength Index (RSI) dropped toward the negative region but seemed to have found anchorage at 35. As it points upward, bulls are bound to increase their entries, perhaps supported by investors coming in due to the lower prices. Note that a daily close is required above the 100 SMA to validate the recovery. Realize that another delay should be expected at the 50 SMA, marginally under $2,700. Ethereum will only come out of the woods if the price takes down the hurdle at $3,000. Ethereum intraday levels Spot rate: $2,502 Trend: Bearish biased Volatility: Growing Support: $2,400 and $2,100 Resistance: The 100 SMA, $2,700 and $3,000
COINBASE:ETHUSD
by CoinGape
Ethereum price draws closer to the ultimate to $4,000Ethereum dipped twice under $2,000 in May amid the bears’ showdown. The declines extended from an all-time high of $4,400 while bulls failed to secure higher support, culminating in the downswing to $1,750. In the wake of the bearish price action, Ethereum lifted above $2,000 and closed the gap toward $3,000. However, seller congestion at $2,900 coupled with a generally down-trending crypto market forced ETH to revisit levels slightly above $2,100 toward the end of last week. Trading in the new week has already yielded considerably for Ether, allowing bulls to pull the price north. The hurdle at $2,700 has been tested but not broken. Also contributing to the seller congestion is the 100 Simple Moving Average (SMA) on the four-hour chart. Ethereum bullish technical pattern breakout lingers Despite the frequent rejections, disallowing the liftoff to levels above $3,000, ETH appears to be forming a higher low pattern. The relatively equal peaks have created a highly bullish ascending triangle on the upside. A breakout is anticipated as soon as the price cracks the x-axis resistance. Note that triangles tend to have precise targets measured from the highest to lowest points. For instance, Ethereum might swing 36% higher from the hurdle at $2,900 and touch highs of $4,000. At the time of writing, Ether trades at $2,640 and is held between the 100 SMA and the 50 SMA. The immediate support at the 50 SMA must maintain to ensure that bulls focus on gains above $2,700. Moreover, a break above $2,900 (x-axis) is required to form the foundation of the uptrend to $4,000. Ethereum intraday levels Spot rate: $2,640 Trend: Short-term bullish biased Volatility: Low Support: the 50 SMA, $2,300 and $2,000 Resistance: The 100 SMA and $2,900
COINBASE:ETHUSDLong
by CoinGape
1
ETH breakdown to $2,000 looms in the wake of rejection at $2,900Ethereum is back in red after a consistent rise toward $3,000. The breakout from last week's key support at $1,750 failed to overcome seller congestion at $2,900. Note that the ongoing retreat is not unique to Ether but appears to be pulling the whole market down. Bitcoin has been rejected at $40,000 and currently seeks support toward $36,000. The cross-border money transfer token has also lost the battle above $1 and moves toward $0.9. Ethereum technicals could flip massively bearish The gigantic altcoin trades at $2,660 at the time of writing. The correction from the failed attempt to clock $3,000 looks unstoppable at $2,600. However, the 50 Simple Moving Average (SMA) is in line to halt the potential losses eying $2,400 and $2,000, respectively. It is worth keeping in mind the short-term technical outlook, which continues to weaken. For example, the Moving Average Convergence Divergence (MACD) has stalled at 90 and could soon assume a downward trajectory. Losses are likely to intensify if the MACD line (blue) flips below the signal line. The trend momentum indicator diving will accentuate the bearish outlook toward the mean line (0.00). The Relative Strength Index (RSI) on the four-hour chart has a vivid bearish impulse coming after an abandoned movement to the overbought region. As the RSI retraces to the midline, the bears' grip tightens, making it difficult for bulls to fight for recovery. Hence, the least resistance path remains downward. Looking at the other side of the fence Support at $2,600 and the 50 SMA has the potential to hold Ether from stretching to lower levels. In other words, buyers can start focusing on recovery if these levels hold as strong anchors. On the upside, trading above $2,900 and $3,000 could be instrumental in pulling Ethereum toward $4,000. Ethereum intraday levels Spot rate: $2,660 Trend: Bearish Volatility: High Support: The 50 SMA and $2,400 Resistance: $2,900and $3,000
COINBASE:ETHUSDLong
by CoinGape
Ethereum ready for take off?!Ethereum is gaining some steam pushing towards that 0.3 FIB level and 50 SMA, the very key thing about the 50 day moving average is when we are in bull market our candles tend to ride ontop of the 50 day and use it as support, this can be seen looking to the very left up until recently. I think once ETH pushes up and breaks this 0.3 FIB and finds support again ontop of the 50 day we could see another huge pump for ethereum, especially with BTC dominance falling! Our RSI is getting very close to that 50. point line we're if we see a confirmed break above we will get a lot of momentum, lots of bullish indicators flashing guys. On the MACD we are seeing very bullish separation on our MA's with no sign of slowing down anytime soon, we are just about pointing straight up, the red macd lead is flying high pushing above that mid histogram line. Could see some crazy explosions in alt coins coming up soon! Not financial advice just my opinion!
BITSTAMP:ETHUSDLong
by JacobR905
Ethereum in a Falling wedge.The price of Ethereum has been spotted in a falling wedge pattern which has bias to break to the upside. This pattern breaks to the upside even in downtrend as such. If this pattern breaks to the upside, it will be considered as a trend changing pattern. The 4h trend is now a clear downtrend as the price continues to find resistance at 20 EMA. RSI trend of lower highs, trend line resistance is active, however a bullish divergence is forming. MACD is in what I call "unsustainable territory" and a move to neutral levels is expected. (0) The most pessimistic scenario would be gains capped at $2500, which would prolonged the downtrend furthermore. The daily time frame is very oversold and is calling for an oversold correction to the upside. 4h price action may print a nice Doji candle! A quick word about the whole market, I believe a move to the upside will occur which will try to leave as many people as possible behind. Bitcoin is regaining it's dominance to don't fiddle with altcoins. Good luck!
BITSTAMP:ETHUSDLong
by TiborVrbovsky
ETH bids goodbye to $3,000 as bullish momentum fadesEthereum gracefully rose from the support formed at $1,750 to trade near $2,800. The recovery was not unique to the pioneer altcoin but cut across the market, with Bitcoin rising from $30,500 to $38,000. However, the 50 Simple Moving Average (SMA) on the four-hour chart curtailed the bullish development, adding credence to the bearish pressure. An ongoing correction has pushed ETH to trade slightly above $2,500 at writing. Ethereum’s short-term technical outlook waning The gigantic smart contract token currently seeks higher support to resume the uptrend eyeing $3,000. Nonetheless, the Relative Strength Index (RSI) shows that the bullish momentum is fading, and bulls may not have the ability to rally beyond $3,000 right away. It is essential to keep in mind the formation of a death cross pattern on the four-hour chart. The highly bearish pattern came into the picture after the 50 SMA crossed below the 100 SMA. This formation implies that overhead pressure intensifies, and bears have the upper hand. Failing to make a four-hour close above $2,500 may lead to more losses. The next tentative anchor zones include, $2,000 and $1,750. Looking at the side of the fence The Moving Average Convergence Divergence (MACD) still has a bullish impulse despite the retreat from the highs traded on Monday. The wide divergence made by the MACD line (blue) above the signal line is a formidable bullish signal, likely to call more buyers into the market. Besides, trading above the 50 SMA may trigger immense buy orders as bulls gaze at levels beyond $3,000. Ethereum intraday levels Spot rate: $2,586 Trend: Bearish Volatility: High Support: $2,500, $2,300 and $2,000 Resistance: The 50 SMA on the four-hour chart and $3,000
COINBASE:ETHUSDLong
by CoinGape
4
Ethereum (ETHUSDT/ETHBTC) Breakout!Ethereum is breaking out with confirmation. Lets take a look at both the ETHUSDT and the ETHBTC charts, as ethereum is breaking out on both charts. Looking at the ETHBTC chart, we see that ETHBTC has been trading in a tight descending channel. As I previously mentioned, if we break above the channel resistance, we are likely to see a big pump. Price has broke above the resistance. At the point of the break, there was a lack of volume, but after price consolidated, volume is now coming in as price is breaking higher, critically past the high of the initial break. If the close of this hourly candle can engulf the bodies of the previous candles, we are likely to see continuation upwards. We see a similar pattern on the ETHUSDT chart. Here we have more of a trendline resistance than a channel, but in a similar way to ETHBTC, price broke above the resistance, consolidated, and is now breaking upwards with volume confirmation. When both ETHUSDT and ETHBTC pairs are telling the same story, the probability of the move is higher. And all this happening as BTCUSDT is also breaking its resistance at 35.5K adds more confirmation to the move. As always, everything is just my opinion and not financial advice, DYOR, and stay safe!
Long
by cryptotraderog