Ethereum Price at Trend line SupportEthereum price at trend line support need clear breakout or the break down here.
For bullish move Ethereum price must close above the 2000 $. bitcoin price also has to made good close above the 55000 $ and must hold this zone for next big move. bitcoin price today made good dump at the 54000 $ zone and here another buying also done so from here bitcoin price can settled above the 55000 than we can see really good move in ethereum price too.
daily close below the trend line support will send price of the ethereum lower
Ethereumusd
ETHUSDT: Break 1,840 and we're off to 2,000...We may be at the beginning of the bull leg that takes us to 2,000. Just needs to break that 1,840.
Watch how the market reacts to that price intra-day. Should give you clues on what it wants to do next (e.g. Breakout or pullback).
Measured moves from preceding price action gives us near-term target of a little above 2,000. Good way to start the next leg of our journey to 10k? 20k? 25k? :)
Is ETH still coupled to BTC? Maybe not..Over time ETH has exhibited its own unique price movement
Compared to BLX where price continually moves down when transitioning from one fib ring to another, can be viewed on my chart below
In my view this decoupling was sparked by a small parabolic move that occurred last year
Price is currently sitting right at the exit of one fib ring and entering another (red square)
This could end up very bullish if it acts as a bullflag, which it likely will, based on the structure on a lower timeframe.
The Ethereum ecosystem is adapting so fast, its difficult to keep up, price should reflect this.
ETH rocks towards the gigantic $2,000 milestone
Ethereum holds above $1,900 while bulls keep their eyes on $2,000.
The least resistance path is upwards, as reinforced by the MACD on the 4-hour chart.
Ethereum’s uptrend to $2,000 will be invalidated if losses extend under $1,900.
Ethereum is gradually nurturing an uptrend towards $2,000 despite the frequent rejections from new all-time highs. At the time of writing, ETH is teetering at $1,910 after losing steam at $1,954. The ongoing correction risks dropping into the $1,800 range; thus, there is a need for higher support.
The 4-hour chart confirms that the pioneer altcoin still has a bullish impulse and is likely to resume the uptrend toward $2,000. Meanwhile, the Moving Average Convergence Divergence (MACD) adds credibility to the uptrend.
It is essential to note that the MACD is a momentum oscillator applied in trading trends but rarely used to identify overbought and oversold conditions. The indicator presents itself on a chart with a couple of trendlines oscillating with no boundaries. Note that the crossover of these two lines is a trading signal resembling that of the average moving system.
It is essential to keep in mind that crossing above the midline (zero line) is regarded as bullish while crossing below the same line is bearish. Moreover, when the MACD line (blue) crosses above the signal line, it is bullish. On the other hand, the trend tends to flip bearish when the MACD line crosses under the signal line.
Therefore, the Ethereum uptrend is still intact and could get aggressive as soon as buyers flip the $2,000 level to support. For now, holding above $1,900 is key to the continuity of the bullish outlook.
It is worth keeping in mind that Ethereum will abandon the upswing to $2,000 if losses extend below $1,900. The 50 Simple Moving Average is in line to halt declines from developing under $1,800.
Ethereum intraday levels
Spot rate: $1,910
Relative change: -30
Percentage change: -1.5
Trend: Short bearish bias
Volatility: Low
ETHEREUM - Can it break the 2,000$ To cut a long story short: Probably not.
Unlike Bitcoin that may rise (potentially) exponentially, Ethereum has SERIOUS competitors..
Technology is shared, especially in the blockchain sphere, new players enter dynamically with big budgets, new ideas and more inovation.
Given that Cardano and Polkadot/Kusama (amongst many others) are not just catching up but also add value and innovation building on some of Ethereum's problems in a beautiful way.
There is no guarantee that Ethereum will be the 'Number 2'.
There are no guarantees that the new version 2.0 will be a good, successful one.
Thus I am already out of Ethereum for now and probably looking for a short, now at the 2,000 celing.... or will it be breached and fly higher?
I don't know, we need to take it one step at a time
ETH-BTC Gann - Areas of importanceCircle is the main area of importance, would be great to hodl and continue the up trend.
The main bull breakout can be observed above the curve of resistance plotted (arrow)
If this trend hodls a very large breakout may result against bitcoin
Ethereum hodls utility, Bitcoin is a store of value.
Ethereum may complete Cypher move for upto 61% rallyHi dear patrons, hope you are well and welcome to the new update on the Ethereum coin.
On the long-term weekly chart, the price action of the price action of Ethereum with Bitcoin pair,1st formed BAT pattern then Gartley and now completing the final leg of another bullish Cyhper pattern and soon it will be entered in potential reversal zone. On breaking down 25 SMA the move will be confirmed. There is 100 SMA in the potential reversal zone to provide good support.
this trade has a profit possibility of 61%, and the loss possibility is 14.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Fighting hard against Parallel Channel*CHART UPDATE
ETH is still fighting hard against the upward of parallel channel .
Daily candle closing above it will skyrocket the price.
ETF + institutionals is pushing price hard.
No selling pressure.
I still believe in my $4~5k+ target in long term, but ETH need break this channel first.
ETHEREUM FALLING SOON hello traders ,
Welcome to my price forecast Ethereum/usd.
Ethereum is moving inside upward channel.
there are basically three types of channel directions,
one is upward slopping channel which 80 - 90 % of the time break downside
second is downward slopping channel which 80 - 90 % of the times break upside .
third one is side ways which means market unable to decide the direction and
we can trade inside channel with the help of price action.
now what is price action ?
price action is vast topic but it include candlesticks, support resistance, moving average etc
so here we see in Ethereum price is in upward channel and hopefully it will break downside .
our target is at support level for now .
and we also see bearish divergence which confirms its upcoming fall.
safe entry is after blue line break.
Thanks for watching my idea , have a green day ..
ETHUSD: Before Entry LONG, be carefully on this RETRACEMENT!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
ETHEREUM/USD
⚪ Technical Analysis :
Since the 5th of February the price has been following an uptrend creating an interesting rising wedge pattern, few bounces and rejections on its dynamic trendlines confirm the validity of that pattern.
On the 10th of February the price reached the main resistance zone at about 1834.50, failing few attemps to break it.
After a quick and strong rejection, the price reached one more time the same level, creating a lower high.
It is currently moving close to its dynamic support line and the next price action around that level will be essential to define the next market movement.
🔴 Conclusion :
In my previous analysis, I explained my long scenario about this market, defining a target on the level at about 1900/2000.
You can have a look clicking the link below:
I'm still confident to see the price going up more, but right now is showing us few sign of weakness and there is a nice possibility to see a retracement.
The price is ready to explode, but creating a lower high on every attempt to break through the main resistance zone and the RSI with 20 period is showing a clear divergence.
If the price will break down its wedge pattern, I'd wait a bounce on the dynamic trendline before planning a long position or eventually the price will break through the main resistance find your best entry point!
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
Ethereum ForcastMy personal forecasted scenario for Ethereum
Reason for forecast logic
1) Affinity for triangles
2) Pull back from last weeks breakout and consolidation price of 1700 - 1800
3) Bitcoin still drawing focus from ETH at this time due to cool off and cycle back to ETH soon
4) Double Top at 1800
ETH breakdown lingers despite the network overtaking Bitcoin in
Ethereum retraces from the new record high aiming to secure support above $1,700.
The formation of a rising wedge pattern hints that the correction could be extensive.
Ethereum network is moving more value in Ether compared to Bitcoin blockchain with BTC.
Ethereum is struggling to sustain the uptrend after rising to a new all-time high. The largest smart contract token was recently elevated above $1,800 but could not continue on the trajectory eyeing $2,000.
Meanwhile, a retreat has come into the picture, whereby Ether is seeking higher support. The bulls in the market are prioritizing support above $1,700 to keep their focus on $2,000. However, short term analysis shows that bears are gaining control and fast, thus the likelihood of Ethereum diving to lower levels.
The 4-hour chart brings to light the formation of a rising wedge pattern. Usually, this pattern is regarded bearish and leads to a trend reversal. Therefore, if validated, ETH may drop toward $1,600.
Notably, the 50 Simple Moving Average (SMA) on the 4-hour chart is in line to provide the much-needed support and help avert the potential losses. Nonetheless, if the bearish outlook remains persistent, Ether will be forced to look for support near the 100 SMA and the 200 SMA.
Similarly, the Moving Average Convergence Divergence emphasizes the growing pessimistic outlook. In other words, the least resistance path is downward until robust support is secured.
It is essential to note that Ethereum has recently grown to become the most significant protocol for trustless money settlement, overtaking Bitcoin. An on-chain metric by Glassnode shows that the Ethereum network is moving more value with Ether than Bitcoin blockchain, which uses BTC. Simultaneously, Ethereum 2.0 will review the high gas fees on the network; hence the value transferred might continue to hit higher highs.
Ethereum intraday levels
Spot rate: $1,735
Relative change: -7
Percentage change: -0.4%
Trend: Bearish
Volatility: Low
ETHEREUM - Sticking to the planSecret to successful trading is to stick to the plan!
We have been buying for the last 3 weeks , taking profits at all time highs and buying in again at the dips .
Let's not ignore 'Market games', manipulation and fundamentals.
I said I would be buying until Feb 8th and then sell. The CME factor, yes. In 2017 when the CME started trading Bitcoin the price dropped.
Ethereum will suffer too, I am confident it will happen BUT it is NOT the time to go short yet...
You see, the game is played differently every time but the outcome is always the same..
so, buy mode still on, sell button can wait a bit more.
That's me and how I see things.
A little bit still goes up #Ethereum #ETHUSD #tradingviewI like that:
Forward forever,
backwards never!
That's how it can go on for the next time.
The big BUT I probably get out only in the summer
but then Ethereum is also still higher.
Greetings and have a nice weekend to the Liker.
For the rest, may the heating fail for a day or the Internet access, depending on what is more important to this reader 😂
Stefan Bode