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Ethereumusd

Ethereum Price Drop Imminent, Limited UpsideCrypto markets have been looking bearish since May and without any clear reversal of the trend, I expect the bear market to continue for at least the next month or two. Looming regulation concerns have also dampened expectations of an end to the bear market. Ethereum has failed to break out of the descending triangle pattern it has been in since the end of May. A break of the descending triangle to the upside is therefore unlikely. Considering a break of the triangle is unlikely and the negative news surrounding cryptocurrency, within the next month or two we can expect the price of Ethereum to drop below $1700. Within the past few days, Ethereum has been trading between the approximate price range of $2059 and $2170 and failed to break the $2059 support level. A low trading volume and price change means investors are uncertain about direction. Assuming the support level is to fail, expect the price to drop to the next support level of approximately $1922. It is likely that the price will then drop to the low of $1700. Regardless of whether or not the current support level holds or if current support level breaks, the price upside is about $2280 in the next 7 days, which is the Fibonacci retracement level and the peak of the descending triangle trendline. With very limited upside and almost certain risk of downside, I advise traders to exert caution.
BITSTAMP:ETHUSD
by MaryJ_1
2
ETH - PAY ATTENTION, this could be the best opportunity to sell❗Yesterday bitcoin broke its local trend line and then corrected it by 5%, followed by Ethereum and other altcoins. There is a lot of uncertainty in the market right now, you have to be very careful and understand that the market is in consolidation and this is not the best time to trade. If Ethereum comes back and tests the trend line as resistance, it could be a good point to sell, the target for this move could be the area marked below! 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
Short
by Yuriy_Bishko
14
Ethereum - this could be the best area to buy!!! 🤑🤑New update on ETH. On the Ethereum chart, we see that the price broke the important $2.177 level, closed above, tested it as support, and went up. Locally, we also see a trend line, which prevents prices from declining and is strong support. If the price corrects to the area marked below, it could be a good time to buy with the targets marked above! 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
9
The ETH might break this channel, so pay close attention 😲😲There is some uncertainty on the Ethereum chart, locally you can see that the ETH is trading in a channel along the lower boundary, as the price rises we can also see the volume decrease, which is not a good signal, if the price breaks this channel and tests it as a resistance, it might be a good opportunity to go short with the targets noted below. Write in the comments all your questions and instrument 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
16
ETH: Still bearishETHUSDT right now is still in a downtrend, and with a strong resistance above it. ETHUSDT is at the 2K resistance and to further reinforce the bearish bias: Below the Ichimoku cloud Below the 180 EMA Still in a downtrend I believe we are in a new range for ETHUSDT with the upper resistance at 2K and the lower support at 1.4K, other s/r can exist within the range. Considering the last time we were in this range it took 67 days to breakout, we need further consolidation before anything can happen on the upside. Most probably we will be hitting the 1.4K support a few times in the next coming days.
Short
by CryptoEstratega
Ethereum - Is going to reach value area??? 😯🧨Hello friends. Ethereum rebounded from $1,730 support level, the volume increased, it means that stop losses were collected and the price got liquidity to buy. There is a value area on the chart above, as well as a key resistance level of $2250, below is the support level of $1730, now price is moving near the local trend line to the resistance level. I expect that price may go up to the value area and already there I will look for entry points into the position. Be careful and set stop losses! Write in the comments all your questions and instrument 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
8
ETH - I'm waiting for correction and building new trendline 🤨Right now I don't see a clear situation for traders. At the moment ATR is over 100%, the correction has already started and we are going to go to the first and second area, after that, I will wait for the trend line creation, the break-up, and the retest of this line, and this moment can be a good point to enter the position. Write in the comments all your questions and instrument 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
15