Get started

Ethereumlong

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
Ethereum price holds key technical pattern support Ethereum bulls defend ascending channel's middle boundary support on the daily chart. Price action past $2,000 may trigger massive buy orders as $2,500 beckons. The MACD shows that the uptrend is not secured and declines will likely come into the picture. Ethereum has been on an upward role since the beginning of March, as observed on the daily chart. The pioneer altcoin rose from the lows traded at $1,292 toward the end of February and reclaimed the position above $2,000 in April's first week. A new record high was also achieved at $2,146 (on Coinbase) before the correction on Wednesday came into the picture. Attempts to defend the support at $2,000 were thwarted by increased overhead pressure, which affected most digital assets, including Bitcoin. The flagship cryptocurrency extended the bearish leg to $56,000 before finding stability. At the time of writing, Ether teeters at $1,987 while holding onto the immediate support provided by the ascending channel's middle boundary on the daily chart. If this support remains intact, Ether will likely gain market stability, allowing bulls to focus on stepping above $2,000. The least resistance path appears upward based on the applied moving averages. The 50-day Simple Moving Average (SMA) maintains a gap above the longer-term 100 SMA and the 200 SMA to show that the trend still favors the bulls. On the downside, it is worth mentioning that the Moving Average Convergence Divergence (MACD) has a bearish impulse. This shows that the expected uptrend is in jeopardy and ETH may resume the downtrend, especially if the MACD line crosses under the signal line. Other support levels have been highlighted at $1,800 and $1,600 if declines extend. Ethereum intraday levels Spot rate: $1,995 Trend: Bullish Volatility: Low Support: $1,800 and $1,600 Resistance: $2,000 and $2,146
COINBASE:ETHUSDLong
by CoinGape
1
Will ETHEREUM on the daily chart progress in that region?Technical analysis regarding the price of ETHEREUM in relation of dollar Tether for the next scenarios, based on daily movement. Very strong region ~observe the POC (red line) and the price tag marked on the chart~, where there is a huge financial volume concentrated in the daily ETH/USDT. The price can go to test this region, and if it does, it is a good entry point. However, the price is gaining buying mass, if you look at the MACD histogram. disclaimer *** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. *** Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
Long
by luizhcruz
1
Ethereum to move even higher.The gains were capped at $2151 so far. As the gains were rejected at this level, the price managed to find continuous support at psychological support of $2000 per Ethereum. Ethereum is now being traded in a tight range from $2000 to $2150 and break of each of these levels will lead to increased momentum. We can consider this tight range as a flag. As the overall trend is a strong uptrend and no bearish divergence or any other bearish signs aren’t present, a break of $2150 is more likely to happen instead of a breakdown below $2000, however it’s still possible. Resistance levels are located at: $2150 $2300 $2440 $2570 These levels are based on $1000 resistance levels as we don’t have any info about where is resistance above $2000. Indicators. RSI is talking about bullish momentum being present as it’s above 60 with no bearish divergences, correction signals to be found. MACD is in an average buying wave and the bullish momentum seems to start falter. The overall trend based on EMA’s is a strong uptrend as the price is located above 20 EMA. However the price is not ready yet to move higher as 20 EMA is bit far from the price. Surely the price can move higher, but Ethereum is rather conservative and waits for EMA support often. Support levels Trend of higher lows is located at $1650 Trend line support is located at $1650 EMA support is at $1900 and $1750. The conclusion is that Ethereum will be moving sideways for a while until 20 EMA catches up and then move to $2300.
Long
by TiborVrbovsky
1
ETH, Ethereum - new entry point!As I said before, ETH made a new ATH! But in my opinion, it happened so fast. Right now I wait to retest a key level and false breakout. That's where I'll be buying. 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
Long
by Yuriy_Bishko
19
ETH/BTC ratio will determine what to be overweight/underweight ETH/BTC ratio is still consolidating after having a lower bound range breakout... previous price moves from these ratio levels have been significant and we should continue to keep an eye on the ETH/BTC chart to see if the ETH to BTC price continues the bullish breakout after a multi-year consolidation... I am personally bullish on both Bitcoin and Ethereum, but monitoring this ratio has helped me better allocate whether to be overweight/underweight BTC or ETH, especially during the bull cycle... I will update this idea as the price ratio decides the direction
Long
by youknowram
2
ETH edges closer to $2,000 as crypto market uptrend renews Ethereum restores the uptrend toward $2,000 after embracing support at $1,800. ETH bulls look forward to price action past $2,000, which may trigger more buy orders. A potential double-top pattern could sabotage the upswing, allowing a correction toward $1,550. Ethereum managed to close the day above $1,800, confirming to investors that market stability was intact. A rebound was staged from this short-term support, with Ether stepping above $1,900. At the time of writing, the pioneer flagship cryptocurrency is doddering at $1,920 amid a bullish building momentum. The four-hour chart shows that Ether is in the bulls' hands based on the Moving Average Convergence Divergence (MACD). This vital technical indicator follows the trend of an asset and measures its momentum. A step into the positive region (above the mean line) is viewed as the asset flipping bullish. The bullish outlook is validated by the MACD line (blue) crossing above the signal line. At the time of writing, the MACD line increases the divergence, further cementing the bull's presence in the market. Ethereum bulls must purposely close the day above $1,900 to avert any significant potential correction from the prevailing price levels. Moreover, higher support would allow bulls to focus on cracking the major hurdle at $2,000. Note that trading past this crucial could be yield tremendously for Ethereum due to the massive buy orders that are likely to be triggered. Looking at the other side of the picture The same four-hour chart shows that Ethereum is trading near a double-top pattern. This is a highly bearish pattern. If validated, ETH may breakdown massively, erasing most of the gains made since the beginning of the week. Note that, Ethereum may seek support at $1,800, $1,600 and the primary anchor at $1,550. Ethereum intraday levels Spot rate: $1,920 Trend: Bullish Volatility: High Support: $1,800 and $1,700 Resistance: $2,000
COINBASE:ETHUSDLong
by CoinGape
ETHEREUM in the increasingly ascending diaryTechnical analysis regarding the price of ETHEREUM in relation of dollar Tether for the next scenarios, based on daily movement. disclaimer *** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. *** Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
Long
by luizhcruz