Ethereum is Going to $6800 Area Only if..If you are here only for the title , the answer is: ..only if the price action remains above 0.618 Fibbonaci retracement located at $3660 , then the price action is likely to move into to the 1.618 extension located at $6800 .
It's really incredible how Ethereum manages to hold such high value meanwhile Bitcoin is really struggling. Every time Ethereum has seen a much stronger dip, or an correction, than Bitcoin does.
As of right now, Ethereum is just -20% below the all time high at $4870 and Bitcoin is located -32% below the top at $69000!
Intraday dips continue to attract buyers and rallies doesn’t really attract sellers.
Let’s move to the technical. there has to be something hidden that will suggest that a correction that will overcome Bitcoin’s losses will follow, right?
Fibonacci retracements.
It’s very impressive how this Fibonacci has turned out. The key level of 0.618 has been successfully tested as valid and strong support as 4 days of price action are suggesting.
If Ethereum doesn’t fall below this golden ratio 0.618 retracement located at $3660, Ethereum could be very easily for extended gains to the $6800, where the golden 1.618 extension is located.
Price action.
Price action seems to have formed a falling wedge formation, which usually occurs in a correction and suggests a break to the upside from a correction.
Exponential moving averages.
Overall trend indicators are suggesting that currently Ethereum is in daily downtrend as the 20 EMA fell below the slow 50 one. The price action however doesn’t seem to be reacting.
Relative strength index.
Ethereum hasn’t seen a proper bearish momentum yet and RSI tells us the same story. As RSI is able to hold above 40, no bearish momentum is present. However it’s hovering at pretty thin ice and break below 40 will attract sellers.
No divergence can be found.
Moving average convergence divergence.
A selling wave is currently ongoing while the bearish volume continues to decrease. Same as for Bitcoin, both Moving averages need to go above neutral, 0, level in order to give a proper buy signal.
Ethereumusd
ETH Sell a break setup.Ethereum - Intraday - We look to Sell a break of 3668 (stop at 3744)
Short term bias is bearish.
Short term momentum is bearish.
Posted a bearish Flag formation.
A break of 3670 is needed to confirm the outlook.
3670 has been pivotal.
Previous support, now becomes resistance at 3900.
Our profit targets will be 3451 and 3401
Resistance: 3900 / 4000 / 4050
Support: 3800 / 3670 / 3600
Very Similar Formations A comparison between ETHUSD and YFIUSD
there are some simarilities mostly including structural price formations
The separation between the two includes the 200MA, which is rising in ETHUSD and could act as a support, while on YFIUSD it is descending
Lets see how it plays out
I am long ETH
Ethereum sell into a rally.Ethereum - Intraday - We look to Sell at 4203 (stop at 4282)
Rallies continue to attract sellers.
Preferred trade is to sell into rallies.
We look for a temporary move higher.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Our profit targets will be 3977 and 3917
Resistance: 4100 / 4200 / 4250
Support: 4050 / 4000 / 3950
Bitcoin-Ethereum BIG LONG | ALTCOIN SEASON - APPROVED.Crypto assets are very risky. It is not investment advice.
We are not little players. We are not afraid. We will turn on the light for Altcoins in turn.
This is an Ethereum signal. Ready.
Ethereum Prime Signal.
new corona cases and deaths, closures are predicted to lock people into homes, fund managers and miners in the market continue to collect bitcoins. In this age, short sales are not foreseen.
Btc Target 60300 -61300 -63300- 64500 - 65500- 67000- 70300-72000 - 73300(W done)
Deep time = 52400-52900
Bitcoin stop-loss 51300
All time High Altcoin Season.
As I said before, altcoins and ethereum are taking shape in a relative way.
Short is very dangerous in a bull market. (Short 15 minute - 30 minute )
Long (2h - 4h - 8h - 12h- 21h -1d-2d-3d- 1W-3W-1M-2M-3M)
I supported the Trend 4550$ 4650$ because I entered from the lower points, and I will support it.
Watch
Total2
Total3
Altperp
ETH/BTC
XRP/BTC
ADA/BTC
BNB/BTC
BNB/ETH
Ethereum 5036$ Unlocked.
Ethereum 5300$ Unlocked.
Ethereum 5800$ Unlocked.
Ethereum 7000$ Crash of Locked.
Ethereum 11200$ Locked.
Hedge Fund manager Signed.
ETH - Another Bull trend ahead? Hey guys, Julie here =D
Let's talk about Ethereum today:
ETH is kind of moving sideways since November 18, after a huge bull trend, which is perfectly normal, I think it might just be resting now.
But one thing I've noticed is that the red candles have been bigger than the white ones for a while, and I don't like that, to me it's not a good sign.
We have some support levels near today's price, and I think that before ETH can go up again, it will test one of these regions (pink or blue line). If that happens, it would be a great time to buy (with good confirmation, of course).
I don't think it will trigger a downtrend, because on the weekly chart we have a nice uptrend, and the price is very close to the 21 EMA, so it is quite unlikely to fall.
I wouldn't buy ETH yet, I would rather wait to see if these regions will really act as support, and I would also wait for more positive candles, with a good confirmation, before buying.
So, to summarize:
I think it will fall a little bit more to the support levels, and then it will keep going up, because on the weekly chart we have a bull trend.
So that's it! Thank you for reading my analysis! I would really appreciate it if you would support me with your like and your subscription.
Bye bye, have a nice day! 😊👍
ETH still above support#ETH/USD
$ETH is still above support zone.
holding this support can make some bullish patterns like harmonic pattern or broadening wedge that help price head up toward upper descending parallel trend line, and break above it will increase price more.
but break down from support zone and specially loosing support of $3900 will drop price to next support zone between $3400 and $3200.
Breaking Down ETHUSD - Another ScenarioThis is a comparison of 2016 ETHUSD to 2020 and current ETHUSD
The 2016 daily chart shows a rising wedge or bullish wedge, leading to a massive increase
The 2020 can be seen to show some similarities such as the 0.382 fib, which is a point of resistance in both cases
I am doing my best to break down ETHUSD it is one of the more interesting charts to view, this is why I have posted multiple charts in the past, linked below. I really just thought this comparison was interesting.
This one below is particularly interesting
ETH and BLX - Can it be compared? An idea comparing two points on ETH and BTC
From these two points I have plotted the future of ETHUSD based on BTCs price print
The question is can it be compared
BTC seems like it has more real world applications, while ETH has more internet based applications (possible real world)
This chart does excite me regardless
I am long Ethereum
Plotting How ETHUSD May EvolveTrying to find another parallel channel that conforms to a bear market
The current trend that has formed, (lighter grey with middle dotted) Is going to be major parallel channel in the future I suspect
However if we do see a fall it will fall into the darker grey channel, which is slightly more horizontal
There are multiple support lines along this trendline if it were to form
Ethereum Buy a break setup.Ethereum - Intraday - We look to Buy a break of 4441 (stop at 4354)
Daily signals are bullish. Posted a bullish Flag formation.
A break of 4440 is needed to confirm the outlook.
A break of yesterdays high would confirm bullish momentum.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 4694 and 4764
Resistance: 4400 / 4440 / 4500
Support: 4200 / 4150 / 4100
ETH long-term Uptrend, Dec 6ETH price is at the bottom of long-term uptrend channel (Ascending trend line)
21.6% of crypto market cap value belongs to Ethereum (ETH Dominance)
In best case scenario this is the bottom but if it breaks the trend line, it will be a bearish sign for whole market and also a sign of more correction
When it breaks the channel, ABC flat correction is my scenario.(In that case wave C will begin)
It's just a matter of time
Ethereum gonna flip bitcoin!!!?Hello cryptofolks
Ethereum is not following Bitcoin and it's not in bear market
We still looking for new ATH and who knows maybe gonna flip BTC in this cycle
It will be awesome by the way if it's not happens this cycle will be happen in next!
One time that Ether gas fees will be reduced , when ETH will be POS you will see how ETH will slam in the face of all bitcoin maxis
Technical indicators on daily/weekly/monthly all are still good
Monthly can get better based on the weekly action, so next weeks and this monthly close will be determining the future of Ethereum asset
I see a potential Adam$Eve double pattern reversal, Adam pattern create a cup and hand and the rest of details are in the chart all based on several Weekly fib lvls
-Goodluck
Common Structure VAXXART & ETHUSDSo interesting that even since 1973 a comparison like this can be drawn to the early days of ETHUSD
I have plotted a bars pattern to see if the commonalities will continue even further
Both start with a rising wedge, that is successful in breaking down.
One major difference however is that ETHUSD is on the daily chart, while VAXXART is on a Monthly chart. Still.
EthUsd- I'm pretty sure the correction is overEthereum "has held" very well in this correction, with a concrete floor at 4k.
Now the price is challenging the upper side of the recent range and a break above 4.4k would open the door for 5k and even higher
As long as the price is above 4150k bulls are in total control and only a drop under 4k would be bearish
ETHUSD Double Bullish Rising WedgeAn Idea for ETHUSD showing comparable structures in the current bull run
The rising wedge normally is considered a bearish one, however in this case, it is bullish . As shown by the first rising wedge
The second one will likely result in a larger rise as it is a bigger structural formation
It can also be seen that the previous peak is acting as a support for the current price
Points in white ovals are very similar.
Ethereum Pulls BackEthereum Pulls Back After Unsuccessful Attempt To Settle Above The 20 EMA
Crypto Markets Are Under Pressure At The Start Of The Week
Ethereum failed to settle above the 20 EMA at $4,300 and declined towards the support at $4,100 while Bitcoin moved back below the 50 EMA at $59,000.
Ethereum is currently trying to settle back below the support level at $4,200. If Ethereum manages to settle below this level, it will head towards the next support level at $4,100.
ETH Will see major recovery this coming period. Watch and Trade safe guys.