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Ethereummoon

Is it time to Celebrate Ethereum’s New All-Time High?On February 2nd, Ethereum finally made a new all-time high. Let's find out if the price will skyrocket or pull back! Volume and Volatility In recent newsletters, we have showcased the importance of volume. If a breakout is backed by substantial volume, then it will probably succeed and make a big move; if not, then there is a bigger chance that it will flop. Right now, Ethereum's breakout isn't backed by substantial volume, as the volume has stayed the same over the last few days. Breakouts most often come with increased volatility because they tend to be very aggressive. However, as displayed by the Cryptohopper ATR, this breakout did not bring any additional volatility to the market. On the contrary, volatility actually decreased. The Cryptohopper Average True Range (ATR) is made up of the ATR line displayed in green and an EMA of the ATR shown in blue. When volatility is increasing, the ATR line crosses over its EMA. However, this hasn't happened yet. Looking Ahead: The volume and volatility can come in after a breakout occurred, and if it does, then we will probably see Ethereum trending higher; however, that doesn't happen often. If volume and volatility do not increase, we will likely see Ethereum retest the breakout.
by cryptohopper
Ethereum - Ascending triangle will bring much higher pricesAfter the glorious rally from 8 USD up to 420 USD within less than six months Ethereum has been in a consolidation over the last four months. It looks as though this consolidation is taking the shape of a bullish ascending triangle meaning a breakout above 400 - 420 USD will likely start the next leg up. If you take the height of the triangle and add it to the potential breakout around 420 USD the next price target for Ethereum sits around 1.300 USD !!! On the downside Ethereum has to hold above 220 - 240 USD to keep the triangle valid. Another support comes from the 200 EMA in pink. Note how Ethereum bounced off this exponential moving average two times this summer…. So even at todays “elevated“ price levels one could create a promising trade setup for Ethereum with a rational risk/reward-ratio of 1/6.8. For example "long" at current prices (340 USD) with a stopp at 200 USD and a price target at 1.300 USD. That means a potential gain of 960 USD meets a risk of 140 USD... I think down the road Ethereum will break out above 400 - 420 USD as the whole cryptocurrency sector will experience a panic buying wave into 2018…. -> Too many people following this exciting sector but are not yet invested.. -> They see their money/investments losing purchasing power against cryptos..
BITFINEX:ETHUSDLong
by MidasTouchConsulting
5
Another buying OppurtunityEther has pulled back heavily along with COINBASE:BTCUSD and other Crypto currencies. So far sellers have barely pulled us down to the 160s area where there is prior market structure. Lots of buyers and sellers in this price area which should lead to price stability / support here. In addition this is a 50% retrace on a highs-to-highs basis which has traded and supported before. If buyers can hold on to this area and exhaust sellers then we can head back up to target areas in the mid-250s. I suspect there are lots of buyers on the sidelines who missed out on recent rallies and will 'fear' missing out on the next leg up. If sellers can take us below the 140 area that might indicate a larger, longer time frame pullback. In such a case a rally would be something to sell into rather than buy into. I suspect prices will hold above the 160s though. We will have to wait and see.
COINBASE:ETHUSDLong
by MeasuredMove
3