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ETH makes incredible strides toward $2,550 record highs Ethereum ignores crypto selloff to post considerable single-digit gains toward $2,550. The MACD and the RSI affirm the bullish outlook in the near term. Ethereum is among the best-performing digital assets in the cryptocurrency market following the retreat from record highs of $2,550. The pioneer smart contract token tested support at $2,000 twice before staging the ongoing recovery mission. Several resistance levels have been overcome, including the 100 Simple Moving Average (SMA) at $2,200, the 50 SMA and $2,400. At the time of writing, ETH dances at $2,415 while bulls fight for a breakout past $2,500. The immediate downside is supported by the 50 SMA, allowing bulls to focus on higher price levels. The bullish outlook has been reinforced by the Moving Average Convergence Divergence (MACD). The confirmation appeared after the MACD line crossed above the signal line, besides the indicator has reentered the positive region. Consequently, the Relative Strength Index (RSI) on the four-hour chart affirms that the trend is in the bulls’ hands. This indicator follows the movement of an asset and measures its strength. As it closes the gap toward the overbought region, Ethereum’s uptrend becomes apparent. A break above $2,500 would be a significant signal for more buyers to join the market. If enough buying pressure is created behind ETH, the price will begin the next chapter of the run to new all-time highs around $3,000. It is worth mentioning that closing the under $2,500 would lead to an increase in overhead pressure. Besides, the position above the 50 SMA must be sustained; otherwise, Ethereum may freefall to retest support at $2,200 and $2,000, respectively. Ethereum intraday levels Spot rate: $2,415 Trend: High Volatility: High Support: 50 SMA, $2,200 and $2,000 Resistance: $2,500 and $2,550
COINBASE:ETHUSDLong
by CoinGape
ETH tumbles to $2,000 as losses to $2,000 linger Ethereum rejected at the 50 SMA on the four-hour chart. Ether bulls battle to secure immediate support at $2,000, highlighted by the 100 SMA. The least resistance path is south, but support at $2,000 may bring back market stability. Ethereum bounced off support at $2,000 amid the weekend session declines. Bulls fought around the clock to reclaim most of the ground to $2,500, but the uptrend stalled under the 50 Simple Moving Average (SMA) on the four-hour chart. Recovery became a challenging task, allowing bears to swing into action. Ethereum technical levels worsen The four-hour chart suggests that the short-term technical levels have weakened in the last 24 hours. The Moving Average Convergence Divergence (MACD) indicator failed to secure the ground within the positive region. The slide into the negative territory is a massive bearish signal. The gravitational force is accentuated by the MACD line (blue) crossing under the signal line. As the signal line’s divergence widens, the bearish grip gets more vigorous. In the meantime, Ethereum trades around $2,100 amid increasing overhead pressure due to the 100 SMA at $2,200. Losses to $2,000 beckon amid the bearish picture. The 200 SMA is in line to offer support; however, if lost, declines may extend to the next anchor zone at $1,800. It is worth keeping in mind that if support at $2,000 holds, a rebound such as Sunday may occur. Reclaiming the ground above the 50 SMA could trigger massive buy orders as investors speculate the rise to $2,500. Ethereum intraday levels Spot rate: $2,095 Trend: Bearish Volatility: High Support: 200 SMA and $1,800 Resistance. The 100 SMA and 50 SMA on the four-hour chart
COINBASE:ETHUSDShort
by CoinGape
Ethereum $ETHUSD Long Term target PTs 2990-3740-4500-8000Ether and altcoins Ether (ETH) trading around $2,334.94 as of 20:00 UTC (4 p.m. ET). Climbing 1.49% over the previous 24 hours. Ether’s 24-hour range: $2,268.57-$2,399.61 (CoinDesk 20) Ether trades between its 10-hour and 50-hour averages on the hourly chart, a sideways signal for market technicians. Ether, along with many other alternative cryptocurrencies (“altcoins”), also logged more gains on Wednesday. Besides ether, which is the No. 2 cryptocurrency by market capitalization, one of the most staggering growth spurts was seen with dogecoin (DOGE), the beloved meme cryptocurrency that was created back in 2013. As a result, dogecoin now has a market capitalization of more than $16 billion, surpassing that of bitcoin cash (BCH) and chainlink (LINK), per Messari data. Dogecoin’s sudden price surge also came with escalating trading activity: data from Coingecko also shows that dogecoin is the No. 5 most traded token of the day, only behind tether (USDT), bitcoin (BTC), ether (ETH), and xrp (XRP).
BINANCE:ETHUSDLong
by UnknownUnicorn19246015
ETH-USDT Bullish Pennant on the 4 hr: Breakout ImminentEthereum is the future. If you are not in yet then hear me now... GET INTO ETHEREUM. Heavily. I firmly believe 40-60 percent of your cryptocurrency portfolio should be in ethereum alone. Now onward to the analaysis... I made this chart cleaner and easier to read than normal. It's a classic bull pennant, with massive upside potential. If we use the previous rise's trajectory, then we land on april 14th for our peak of $2500-2600. HOWEVER, I also acknowledge that Eth and cryptos as a whole have been consistently gaining and are very high up there on the other indicators (MACD, RSI, etc). With that being said... If you buy in now or buy in on the next dip.. set your stop loss just below the right tip of the pennant if you are on to play it super tight... or set your stop loss right below where the bottom line of the pennant connects to the pole if you want to play it more loose. In the long term, ETH will be worth 10-25x what it is right now. So if you are NOT on margin or leverage of any sort, then DO NOT SET A STOP LOSS for ETH. Only set SLs if you have someone else's money involved in your play. If you are a spot trader only, then this play WILL come to fruition, the only thing we do not know for sure is how long it will take and how severe any corrections along the way will be. Happy hunting!
COINBASE:ETHUSDLong
by cache_that_pass
1
ETH, Ethereum - I'll open a position only in this caseIf the price starts to squeeze, it will be a great breakout pattern. I see an entry point only after retesting of level. I am cautious because it is possible to fall to 1840. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
11
ETH reaching for new record highs above $3,000 Ethereum bulls' persistent push for new all-time highs yields after breaking $2,300. Ether's path with the least hurdles is north, as confirmed by the MACD on the four-hour chart. Closing the day above $2,300 could allow bulls to focus on $3,000. Ethereum has been keen on joining the ongoing bull cycle. Initially, it was an uphill task to reclaim the ground above $2,000, but bulls never lost focus. Support at $2,200 confirmed the market stability, allowing buyers to glance at higher price levels. Meanwhile, ETH dodders at $2,320 amid the roll to another new record high. Ethereum gains ground as $3,000 beckons At the time of writing, the least resistance path is upward, as reinforced by the Moving Average Convergence Divergence (MACD). This indicator is nether exclusively bullish or bearish biased. However, it identifies positions where traders can buy the dip or sell the top. Moreover, the MACD foresees the asset's general trend and measures the momentum. A MACD line (blue) crossing above the signal line implies that traders should be buying more or holding in anticipation of growth. On the other hand, crossing underneath the signal line hints at the trend flipping bearish. In the meantime, the MACD emphasizes that Ethereum is comfortably in the bulls' hands. As the divergence from the signal line expands, the bullish momentum strengthens. Note that crossing above the $2,500 would be a significant milestone for Ethereum and may trigger massive buy orders toward $3,000. Ethereum intraday levels Spot rate: $2,333 Trend: Bullish Volatility: Expanding Support: $2,200 and $2,100 and $1,900 Resistance: Undetermined
COINBASE:ETHUSDLong
by CoinGape
2
Ethereum $ETHUSD PT 2495 and higher Ethereum Hub ConsenSys Raises $65M From JPMorgan, Mastercard, UBS, Others Ethereum’s biggest supporter is back on track with the close of a carefully constructed funding round. ConsenSys, an Ethereum development operation headquartered in Brooklyn, N.Y., has raised $65 million from financial institutions JPMorgan, Mastercard and UBS, as well as leading firms in the decentralized finance (DeFi) space. Having toughed it out through the crypto winter of 2018-19, Tuesday’s bullish fundraising announcement is further evidence ConsenSys has found its footing. The firm has now been successfully restructured into two parts: a core software business (CSI) and an investment and incubation arm known as ConsenSys Mesh. In addition to the big banks, the $65 million round included Filecoin’s Protocol Labs, DeFi’s Maker Foundation, Fenbushi, The LAO, Sam Bankman-Fried’s Alameda Research, CMT Digital, China’s Greater Bay Area Homeland Development Fund, Quotidian Ventures and Liberty City Ventures. Several firms invested with Ethereum-based stablecoins, DAI and USDC, ConsenSys said in a statement. Last year, ConsenSys brokered a deal with JPMorgan to acquire Quorum, the enterprise-focused Ethereum client that now forms an in-house software stack of Codefi, Diligence, Infura, MetaMask and Truffle. The general tightening of the ship has seen ConsenSys appear to chart a course away from consulting and services, towards being more product- and revenue-focused. MetaMask – a key gateway to the world of DeFi – counts over 3 million monthly active users and ConsenSys earns a sliver of fees on the wallet’s $1.95 billion token swap feature. Founder and CEO Joe Lubin said ConsenSys was always a product company – only it was embedded in an ecosystem, and dependent on a technology that was extremely immature. Today things have moved on some. For example, with Mastercard as an investor, ConsenSys engineers are using the Quorum blockchain to build a permissioned network for commerce and finance. “The round was pretty carefully constructed,” Lubin said in an interview. “It’s almost all strategics, and we intended for them to be in different industries. Some in the traditional economy, some in the decentralized economy, and we also intended for it to be regionally distributed.” The ConsenSys chief could not go into detail at this time about what was being built with the large financial institutions that invested in the round, but said: “We have multi-year commercial arrangements with JPMorgan and Mastercard, and have commercial activity with UBS.” ConsenSys roadmap Looking ahead, Quorum’s enterprise-friendly connection to Ethereum mainnet will have managed services launched around it. Also driving the theme of convergence, MetaMask Institutional, which is in beta, will roll out soon. “MetaSwaps, launched first into the consumer platform, is providing swap trading capabilities for nearly the entire universe of active tokens,” said Lubin. “We can take that next, wrap it in APIs and make it available to developers in both Infura and in Truffle, so developers can build swapping directly into their software. You can also package it up into a module and enable trading on Quorum systems, say, on a cloud.” As such, ConsenSys is positioned to build the infrastructure needed to make institutional DeFi a reality. With this in mind, Lubin pointed to the Baseline Protocol, a way of enabling organizations to link their systems of record to one another using a global frame of reference: the Ethereum mainnet. “Tokenization is happening in the Baseline Protocol, so you can pay for inventory with tokens,” Lubin said. “Invoices on some projects right now are starting to get tokenized. So you can imagine factoring invoices and trading those and in markets. It’s happening relatively quickly.”
BITSTAMP:ETHUSDLong
by UnknownUnicorn19246015
2
ETH bound for $2,500 despite the struggle sustaining uptrend Ethereum holds at the key ascending parallel channel's middle boundary support. Holding above the 50 SMA on the four-hour chart could validate the gains to a new record high. Losing the immediate support at $2,000 could trigger losses toward $1,800. Ethereum led other altcoins to stage a recovery this week. For the first time in history, the gigantic smart contract token hit highs of $2,146. However, a correction occurred almost immediately, with Ether plunging to $1,930. Intriguingly, buyers wasted no time and took the bull by the horns. The hiccup to $1,930 was quickly erased as ETH reclaimed the ground above $2,000. At the time of writing, Ethereum is doddering at $2,075 amid the bulls' push to hit new record highs. The immediate downside is supported by the 50 Simple Moving Average (SMA) on the four-hour chart. Simultaneously, the downside is also protected by the ascending channel's middle boundary support. Ethereum's uptrend might be gradual but appears to have been reinforced by the Moving Average Convergence Divergence (MACD) indicator. This technical indicator reveals when to long or short an asset. As the MACD line (blue) crosses above the signal line, it implies it is time to buy-in. On the flip side, investors are advised to sell when the MACD line slides under the signal line. It is worth keeping in mind that failure to close the day above the 50 SMA may see overhead pressure rise. Moreover, a break below the channel's middle boundary and, by extension, the level at $2,000 would trigger massive sell orders, leaving Ethereum to tumble toward $1,800. Ethereum intraday levels Spot rate: $2,075 Trend: Bullish Volatility: Low Support: $50 SMA and $2,000 Resistance: $2,100 and $2,146
COINBASE:ETHUSDLong
by CoinGape
1