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Ethereumusd

ETH price cracks $2,500, shifts attention to $3,000 Ethereum is almost completing an ascending triangle target of $2,664. The slightest resistance path remains north despite bearish advances. Ethereum price is on a roll to new all-time highs following a recent break above an ascending triangle pattern. As discussed on Thursday, establishing support above $2,400 was key to securing the uptrend to $2,500. At the time of writing, Ethereum teeters at $2,505 after making a tremendous milestone. The daily chart illustrates the formation of an ascending triangle. This pattern forms in an uptrend and tends to signify continuation. The triangle brings to light a consolidation period before a breakout comes to life. Two trend lines create an ascending triangle, connecting a series of equal peaks and sequential higher lows. A breakout comes into the picture when the price slices through the x-axis. Note that triangles are known to have exact breakout targets measured from the lowest to highest points. For instance, following Ethereum's break above the triangle, the uptrend has been moving toward the 34% target to $2,664. The primary goal at the moment is to secure higher support, preferably above $2,500. Support at this level would prove to the investors that the uptrend is intact and market stability has not been compromised. Besides, bulls will have the opportunity to focus not only on the triangle target but the rise to $3,000. The Moving Average Convergence Divergence (MACD) indicator’s position affirms that the uptrend is intact. As the MACD moves higher within the positive region, the bullish grip strengthens. On the flip side, closing the day under $2,500 may increase bearish pressure. Support at $2,400 might be tested, and if broken, Ether could spiral toward $2,000, marking the beginning of a significant correction. Ethereum intraday levels Spot rate: $2,500 Trend: Bullish Volatility: Low Support: $2,400 and $2,000 Resistance: $2,556
COINBASE:ETHUSDLong
by CoinGape
1
Ethereum $ETHUSD Long Term target PTs 2990-3740-4500-8000Ether and altcoins Ether (ETH) trading around $2,334.94 as of 20:00 UTC (4 p.m. ET). Climbing 1.49% over the previous 24 hours. Ether’s 24-hour range: $2,268.57-$2,399.61 (CoinDesk 20) Ether trades between its 10-hour and 50-hour averages on the hourly chart, a sideways signal for market technicians. Ether, along with many other alternative cryptocurrencies (“altcoins”), also logged more gains on Wednesday. Besides ether, which is the No. 2 cryptocurrency by market capitalization, one of the most staggering growth spurts was seen with dogecoin (DOGE), the beloved meme cryptocurrency that was created back in 2013. As a result, dogecoin now has a market capitalization of more than $16 billion, surpassing that of bitcoin cash (BCH) and chainlink (LINK), per Messari data. Dogecoin’s sudden price surge also came with escalating trading activity: data from Coingecko also shows that dogecoin is the No. 5 most traded token of the day, only behind tether (USDT), bitcoin (BTC), ether (ETH), and xrp (XRP).
BINANCE:ETHUSDLong
by UnknownUnicorn19246015
ETH reaching for new record highs above $3,000 Ethereum bulls' persistent push for new all-time highs yields after breaking $2,300. Ether's path with the least hurdles is north, as confirmed by the MACD on the four-hour chart. Closing the day above $2,300 could allow bulls to focus on $3,000. Ethereum has been keen on joining the ongoing bull cycle. Initially, it was an uphill task to reclaim the ground above $2,000, but bulls never lost focus. Support at $2,200 confirmed the market stability, allowing buyers to glance at higher price levels. Meanwhile, ETH dodders at $2,320 amid the roll to another new record high. Ethereum gains ground as $3,000 beckons At the time of writing, the least resistance path is upward, as reinforced by the Moving Average Convergence Divergence (MACD). This indicator is nether exclusively bullish or bearish biased. However, it identifies positions where traders can buy the dip or sell the top. Moreover, the MACD foresees the asset's general trend and measures the momentum. A MACD line (blue) crossing above the signal line implies that traders should be buying more or holding in anticipation of growth. On the other hand, crossing underneath the signal line hints at the trend flipping bearish. In the meantime, the MACD emphasizes that Ethereum is comfortably in the bulls' hands. As the divergence from the signal line expands, the bullish momentum strengthens. Note that crossing above the $2,500 would be a significant milestone for Ethereum and may trigger massive buy orders toward $3,000. Ethereum intraday levels Spot rate: $2,333 Trend: Bullish Volatility: Expanding Support: $2,200 and $2,100 and $1,900 Resistance: Undetermined
COINBASE:ETHUSDLong
by CoinGape
2
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
ETH confidently matches toward new record highs Ethereum extends the journey above $2,000, eyeing another all-time high around $2,500. The trend is in the bull's hands, especially with the MACD line crossing above the signal line. Ethereum has been defying apparent gravitational force to post new all-time highs above $2,000. The flagship altcoin ignored a double-bottom pattern explored last week, paving the way for the majestic rise. Ether has brushed shoulders with $2,150 before retreating to test support at $2,000. At the time of writing, ETH has renewed the upswing and is moving forward in a bid to trade a new all-time high, preferably above $2,500. In the meantime, Ether changes hands at $2,127 while bulls battle the resistance at the ascending parallel channel's middle boundary. A break above this level would bolster Ethereum significantly upward. The bullish outlook has been validated by the Moving Average Convergence Divergence (MACD) indicator. This technical indicator follows the trend of an asset and measures its momentum. Traders utilize the MACD to spot prime positions to buy the dip and sell the top. At the time of writing, the indicator has settled in the positive region. The MACD line (blue) is about to cross above the signal line. A move such as this would encourage bulls to come out the sidelines in anticipation of a breakout eyeing highs past $2,500. Ethereum's uptrend seems strong enough to remain intact and hit a historical high. The gap made by the 50 Simple Moving Average (SMA) on the four-hour chart above the 100 SMA and the 200 SMA implies that the trend favors the bulls. Therefore, the least resistance path is upward. Ethereum intraday levels Spot rate: $2,130 Trend: Bullish Volatility: High Support: $2,000 and $1,800 Resistance: $2,200
COINBASE:ETHUSDLong
by CoinGape
💡Don't miss the great buy opportunity in ETHUSD Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (2000). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ETHUSD is in a uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 53. Take Profits: TP1= @ 2080 TP2= @ 2145 TP3= @ 2199 TP4= @ 2270 TP5= @ 2340 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
2
💡Don't miss the great buy opportunity in ETHUSD Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (2000). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ETHUSD is in a uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 51. Take Profits: TP1= @ 2080 TP2= @ 2145 TP3= @ 2199 TP4= @ 2270 TP5= @ 2340 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
6
ETH About To Steal The Show Once Again? ETH Macro Cycle - A very interesting chart I made in 2020 last year., so far it's held up well. I personally believe this diagonal trend line is fairly important for the ETH market. I also believe we're in the 5th wave of this macro move that has been in the making since 2015. If you look really closely, you'll see that the diagonal line has served as major support or resistance since ETH's inception, very similar to Bitcoin. If we close above in the next few weeks/months, we could see explosive movement. I still believe the 5th wave we're on now, could go to $5K - $10k o a low end, and as high as $20K on a high end. Long story short, that line is potentially very important 😅 As always, stay unbiased, level-headed, and don't forget to look at the macro picture.
KRAKEN:ETHUSDLong
by CryptoSyphn
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