Ethereumlong
ETH plunges toward 1,400 as crypto market generally bleeds
Ethereum hit a wall slightly above $1,700, opening Pandora’s box for losses under $1,600.
The least resistance path is downwards based on the MACD.
Ethereum abandoned the mission to lift to $2,000, slightly above $1,700. Losses came into the picture with Ether falling below several key support levels, such as $1,650 and $1,600. At the time of writing, Ethereum is trading at $1,570 amid the bearish call to dip further.
The entire cryptocurrency market is in the red, led by Bitcoin’s dip to $52,000. If Ethereum does not find support at $1,500, we can anticipate another dip toward $1,400 or the descending channel’s lower boundary support as illustrated on the 4-hour chart.
Meanwhile, Ethereum’s downtrend has been validated by the Moving Average Convergence Divergence (MACD). The indicator is used in technical analysis to show positions to buy the dip and sell the top. When the MACD line (blue) crosses beneath the signal line, traders are advised to sell.
On the other hand, it is a call to buy when the MACD line crosses above the signal line. The indicator also shows the general trend in the market. At the time of writing, the least resistance path is downwards.
The same bearish outlook has been validated by a death cross pattern on the 4-hour chart. This pattern comes into the picture when a short term moving average crosses under a long term moving average. For instance, the 50 Simple Moving Average (SMA) recently crossed below the 100 SMA, implying that the trend had flipped bearish.
Ethereum will resume the uptrend if it holds above $1,600. A move such as this will show the investors that recovery is possible. Gains toward $1,700 will come into the picture as buyers join the market from the sidelines.
Ethereum intraday levels
Spot rate: $1,570
Relative change: -8
Percentage change: -4%
Trend: Bearish
Volatility: High
ETHUSDT - accumulation cyclePreconditions:
- accumulation
- key level
- buy after break out
- global uptrend
- local uptrend
You will learn the best place where we can trade this instrument at low risk.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
ETH loading up for a big move For the past week ETH has been in accumulation bouncing between the 0.6 and 0.7 FIB level. I believe we are going to see a big move in the next coming days/ week. we are going to need to see the bulls step in and hold the 0.6 FIB if we are going to see a big move up breaking the 0.7 FIB and then to go for that ATH! The EMA ribbons are slightly on the move upwards and the Stoch RSI is now pushing into the Oversold area indicating the chance of a wave of buys coming soon. Also if you check out the bollinger bands they are starting to squeeze together pointing at a chance of a big move. Lastly our Wave Trend Oscillator has been twisting back and forth due to the stagnant price action over the past week, we want to see our Blue stay and open up ontop of our orange. For the time being ETH and the market is going to follow bitcoin so depending on what BTC does is also a good indication of what the market and ETH will do. Not financial advice just my opinion.
What we need to see from ETHI would like to see Ethereum complete the double bottom against its Bitcoin pair. The green support zone has held about four times already and looks strong. It coincides with the .382 FIB level from back when price broke both MA's
I feel less confident about the rejection at the 21 MA and the fact that the 21 MA has dipped below the 100 MA.
Nonetheless this feels like a good place for a long position.
Ethereum where to buy Good afternoon ,
Would you like to know at what point to buy Ethereum?
I teach you easily with a graph, the only thing you have to memorize are the 4 areas drawn with Red / yellow / green and pink.
Best entry: Green Zone 1513
A good entry: Yellow Zone 1652
Risky entry: red zone 1897
Danger zone: pink zone 1294
Depending on the risk you want to take, you enter the desired level.
PS: Pink zone is dangerous if the price crossdown this level, it could go down much more.
If it's helpful, could you give me a like.
What do you think ? will it keep going up?
ETH takes off for 12% upswing eyeing $2,000
Ethereum spikes above a descending triangle pattern, hinting at a breakout to $2,000.
Ether must hold above the 50 SMA and $1,800 to secure the uptrend.
Ethereum held firmly to the support at $1,700, halting the correction from last week’s high of around $1,940. The buyer congestion at this zone called off the bearish leg, eyeing lower levels toward $1,400.
A rebound occurred with Ether bulls focusing on gains above $2,000. The formation of a descending triangle has accentuated the bullish reversal. The pattern is mainly bearish, but there are instances where a bullish impulse comes into the picture.
A breakout above the upper trendline has bolstered Ethereum above $1,800. All eyes are glued on $2,000; the triangle has a 12% precise target, measured from the highest to the lowest point.
In the meantime, Ethereum is trading at $1,830 while bulls struggle to focus on gains toward $2,000. The immediate support provides by the 50 Simple Moving Average (SMA) must hold to secure the uptrend and ensure market stability.
The Moving Average Convergence Divergence (MACD) reinforces the bullish outlook on the 4-hour chart. This indicator follows the price of an asset and measures its momentum. It flips bulls when the MACD line (blue) crosses above the midline. The trend is generally bullish when the MACD breaks above the mean line from the negative region.
It is worth mentioning that Ethereum will fail to achieve the target at $2,000 if the 50 SMA fails to hold in the short-term. Massive losses will come into the picture as soon as the price slice under $1,800. On the downside, support is envisioned at $1,700 and the 100 Simple Moving Average.
ETH/USD LONG Set Up after testing $1706Ethereum (ETH/USD) weakened early in today’s Asian session as the pair depreciated to the 1750.63 area after trading as high as the 1893.75 area during the European session, with the interday high representing a test of the 78.6% retracement of the depreciating range from 2041.42 to 1356. Stops were elected below a series of downside technical support levels, and technical support finally emerged just above the 61.8% retracement of the appreciating range from 1493.28 to 2041.42. Chartists note this area was also just below the 50-bar 4-hour simple moving average. Stops were also recently elected above the 1930.40, 1957.36, and 2017.05 levels during the appreciation, areas related to historical buying pressure around the 215.16, 370.50, and 176.43 areas. If ETH/USD extends its upward strength, additional upside price objectives include the 2080.48, 2134.98, 2150.66, and 2210.42 levels.
Some areas of potential technical support during pullbacks include 1403.13, 1205.96, and 1008.79, with stronger technical support likely in place around 1296.30 and 1066.14. If ETH/USD extends its recent depreciation, potential technical support includes 1285.87 and 1205.96. Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly).
Price activity is nearest the 200-bar MA (4-hourly) at 1719.53 and the 200-bar MA (Hourly) at 1809.35.
Technical Support is expected around 1285.87/ 1205.96/ 1128.29 with Stops expected below.
Technical Resistance is expected around 2080.48/ 2134.98/ 2150.66 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
Title/(Date): ETH/USD Long Set Up
Asset:CRYPTO
Order Type:Market buy/ Buy limit
Time Frame:1D
Entry Price 1: $1,718.00 (Active)
Entry Price 2: $1,704.00 (Pending)
Stop Loss: $1,688.00 (300 Pips)
Take Profit 1: $1,748.00 (300 Pips)
Take Profit 2: $1,818.00 (1,000 Pips)
Take Profit 3: $1,868.00(1,500 Pips)
Take Profit 4: $1,918.00 (2,000 Pips)
Take Profit 5: $2,018.00(3,000 Pips)
Status: 🚨Pending🚨
ETH breakdown intensifies as cryptocurrencies bleed
Ethereum tumbles below the ascending channel as losses to $1,400 linger.
The downtrend is validated from a short-term technical perspective based on the MACD.
Support above the 200 SMA and a move past the 50 SMA would lead to gains targeting $2,000.
The cryptocurrency market is swimming in in red waters following the bearish wave on Monday. Ethereum dropped from highs above $1,900 to seek support at $1,700. The declines are believed to have come into the picture following the report regarding banning digital assets in India.
Despite the massive drop, Ethereum has weathered down the losses much better than Bitcoin, which drop from highs above $60,000 to levels around $54,000. At the time of writing, Ether is trading at $1,740.
The immediate downside is protected by the 200 Simple Moving Average (SMA) on the 4-hour chart. Further down, the 100 SMA is in line to provide support. If these two anchors fail to hold, investors can expect ETH to drop to $1,400.
Meanwhile, the Moving Average Convergence Divergence (MACD) validates the downtrend with its negative gradient. The MACD line (blue) already crossed under the signal line, signifying the increase in selling pressure. More losses will come into play if the MACD dives into the negative region.
The least resistance path is downwards amid a rise in volume. Therefore higher support is the only way to secure Ethereum for a recovery. Otherwise, the drop to $1,700 is quite conservative, keeping in mind the recent rising wedge pattern with a target at $1,300.
It is worth noting that support at the 200 SMA will return market stability. A stable market will allow bulls to focus on recovery. Settling above the 50 SMA at $1,800 would give way to gains eyeing $2,000.
Ethereum intraday levels
Spot rate: $1,745
Trend: Bearish
Relative change: -55
Percentage change: -3%
Ethereum Market Cap IdeaIdea for ETHMCAP
I expect the bull run to continue while the channel on the RSI is intact
Sitting above (1) level on the fib retracement
This is a bullish sign
The only bearish sign is the price action above (1) which is similar to the price action when the top occurred in the previous bull run
However I think the bulls will prevail, take my bias into account though
ETH Buy the support.ETHUSDT - Intraday - We look to Buy at 1732 (stop at 1689)
Daily signals are bullish.
We look to buy dips.
Bespoke support is located at 1730.
20 4 hour EMA is at 1726.
We look for a temporary move lower.
Our profit targets will be 1849 and 1919
Resistance: 1860 / 1920 / 1980
Support: 1800 / 1730 / 1700
ETH Buy a break setup.ETHUSDT - Intraday - We look to Buy a break of 1880.2 (stop at 1836.9)
Intraday signals are bullish.
A break of bespoke resistance at 1880.0, and the move higher is already underway.
We look for gains to be extended today.
Our outlook is bullish.
Our profit targets will be 1996.6 and 2038.6
Resistance: 1780.0 / 1880.0 / 1950.0
Support: 1750.0 / 1700.0 / 1660.0
BULLISH on Eth teleportation device to $2593Based on trend lines and fib retracement, eth breakout from angular trend triangle which I compared to the last big move. $2593 is considering that we will be breaking ATH within the week (personally I see it happening quite pronto). MY logic is if and only if this move is a fake out, which will be recognisable if we dip beneath $1,579.50 level, else if, it's happy days. lol ether to the moon!!
I see this move pulling the alt market to All time highs.
ETH 2 more FIB Levels till ATHETH has been performing amazing and with a recent golden cross on the MACD i think we are bound to push for that ATH and eventually a new one! we have 2 more overhead FIB levels we need to break before we achieve a new ATH, the upcoming 0.7 FIB where we were recently rejected and the ATH FIB of 1. the ichimoku cloud has been bringing us big support and looks like we could start to see the form of another big green cloud. Overall long term very bullish on ETH, also EIP 1559 upgrade expected to go live in July or August could have us see even more upside . NFA just my opinion.
Ethereum Short Term Bearish ScenarioUsing the channel tool we can plot a channel for the recent bull move
Similarities can be seen in the beginning of the channel to now (fat arrow)
Suggesting a bear move
Black dotted line is a possible support line and the best area to enter
I have faith that Ethereum's bull run will continue long term however
I am long Ethereum, hence my stance on this idea.
ETH-BTC Indicator Analysis - BullishA bullish case for ETH-BTC
Similarities in price action can be seen within the boxes
This is better shown on the log trend indicator
The 200MA is extremely flat, suggesting that it may rise rather than fall
Also the Ichimoku indicator shows that price has broken above the cloud, now the cloud will act as support for price rather than resistance, such as it did in the previous scenario (first box)
Attaching some other ETH-BTC ideas
I am long Ethereum..
Will ETH hit 2000 again?On the 4 hour we can see that all candles are moving higher, which means that there is still strong bullish trend.
The price was squeezed in an ascending triangle, after which price broke through the resistence level.
I now believe that there will be a retest of the new support level, which will be rejected, and the price will continue to rise to the next target key level.
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This is NOT a FINANCIAL ADVICE. This is just my point of view on the current situation.