ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- ethereum (ETH) edged lower in today’s session, a day after prices neared a breakout above the 1,900 level.
Following a high of 1,896 on Wednesday, ETH/USD dropped to an intraday low of 1,822.30.
ethereum moved below a key support point of 1,830, before bulls moved to stabilize this level.
it appears that bulls decided to reenter the market as the RSI found its own floor at 47.00.
Currently, the index is at a reading of 48.52, which is marginally below a ceiling at 49.00.
I have tried to bring the best possible outcome to this chart.
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Ethlong
Ethereum – Bullish Continuation is Likely• Ethereum has shown a lot of strength during the latest market correction. Not only relative to altcoins but relative to BTC as well (let me know if you want an ETH/BTC chart analysis).
• Currently ETH consolidating in a triangle pattern. Volume was slowly dropping, and ETH kept banging on the trendline resistance and against the RSI resistance. Yesterday (June 6th), ETH broke above the trendline resistance, again, but hasn’t tested it as support. Be advised that ETH is above the 100D SMA, the 50D EMA and the 20D EMA so, maybe we will not get a trendline retest.
• My assessment based on the chart is that ETH is about to break to the upside. IF you are looking to take an ETH position, especially long-term, I suggest you look for an entry. IMHO, when (not if) it pops, next stop is 2750$ possibly higher.
Trade Idea No. 1:
• Entry: 1825-1830 (successful retest of trendline and/or EMAs).
• SL: 1770 (below previous daily low).
• TP: 2750 (TP along the way but leave some for higher).
• Watch out for the RSI line breakout, it will show if the move up has momentum.
Trade Idea No.2:
• If we don’t get a trendline retest, next resistance is 1930.
• Entry: 1930 (after retest as support).
• SL: 1820
• TP: 2750 (TP along the way but leave some for higher).
Please understand, it is not easy to call for higher when everyone is calling for lower. I also thought it will dip further, but I must react to the reality as it develops. This is my opinion, based on what I see in the chart. I have to be honest with myself and with you regardless of public opinion.
NFA
What do you think? Please share in the comments.
Best wishes to all.
XRP, ETH 🌴🌞; BNB, BTC, DOGE 🌥️🐻⬇️? The mood is tropical – very bullish with some upside potential – for Ether and XRP today. 🌴
On the other hand, clouds with a hint of sun lie ahead for the global crypto market, including Bitcoin, Binance, and Dogecoin, in the next 24 hours. This signals a slightly bearish market with downside risk following the latest regulatory crackdown.
Over a one-week horizon, a slightly bullish market with upside potential is expected for both Bitcoin and Ethereum. 🚀
Follow us and stay tuned for more crypto weather insights and reports! 🌩️⛅🌈
BNB, BTC, DOGE 🌥️🐻⬇️; XRP, ETH 🌴🌞? Clouds with a hint of sun lie ahead for the global crypto market, including Bitcoin, Binance, and Dogecoin, in the next 24 hours. This signals a slightly bearish market with downside risk following the latest regulatory crackdown.
🌴 The mood is, however, tropical – very bullish with some upside potential – for Ether and XRP today. Over a one-week horizon, a slightly bullish market with upside potential is expected for both Bitcoin and Ethereum. 🚀
Follow us and stay tuned for more crypto weather insights and reports! 🌩️⛅🌈
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- ethereum (ETH) was also a victim of the recent storm surrounding the market, with prices dropping below 1,800.
Following a high at 1,870.82 to start the week, ETH/USD slipped to an intraday low of 1,780.21 earlier today.
the decline in ETH was relatively muted, with prices hitting a ten-day low.
ethereum is now down by 6% in the last seven days, while Bitcoin has lost over 8% of its value within that same period.
Ethereum’s RSI reading currently sits close to a support point at 42.00.
bulls have moved to buy the earlier dip, with ETH now trading at 1,814.38.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) also suffered from the day’s volatility, with prices again moving below 1,900.
ETH/USD dropped to a bottom at 1,864.17 to start the week, a day after trading at 1,912.21.
The decline is the third day the world’s second-largest cryptocurrency has fallen lower.
Should bears continue to control market sentiment, ETH will likely hit a floor at the 1,830 level.
Price strength is currently at a reading of 51.57, with a point of support close, at the 51.00 zone.
If this level is broken, there will likely be an influx of bearish activity.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Will you believe the upcoming short term strength of ETHGreetings fellow crypto traders! Are you ready for some good news? Well, hold on to your hats because we've got some exciting developments in the world of Ethereum's technical analysis outlook! After months of uncertainty, Ethereum's price is finally showing signs of a bullish trend. So, if you're looking to invest in a promising cryptocurrency, look no further than Ethereum.
💎 Ethereum (ETH) is on the rise! 💎 The price surged by an impressive move on May 28 surpassing a key resistance level and consolidating around $1,894 since then.
💎 This consolidation phase provides an excellent opportunity for Paradisers to consider accumulating ETH, especially if there is a pullback towards the stable support level at $1,853.
💎 The bullish thesis for Ethereum price would be invalidated if it breaks down below the $1,829 support level.
💎 As Ethereum continues its journey, it's essential to closely monitor these key levels and market dynamics Stay tuned and make your moves wisely! 💪💎
ETH Trading Strategy (LONG Only)This is an ETH Trading Strategy, using MarketCipher and RSI as the entry and exit conditions for the 4 hour chart.
This strategy is LONG only with stop loss set to 12% with 5 TPs set to 20% each.
There is one DCA safety order at -6% level to 3x the original order.
Based on the historical data, here is what this strategy accomplishes:
Total Closed Trades: 105+ as of June 3rd
Total Net Profit: 1110%
Percentage of winning trades: 65%
Profit Factor: 6.4
Order size: 10 contracts
Safety order size: 30 contracts
Here's How ETH goes to $3K: Elliot WaveHi Traders, Investors and Speculators of Charts📈📉
Ethereum has recently started a new bullish cycle along with the rest of the markets, predominantly led by BTC as always.
When we take a look at ETH from an Elliot Wave Theory analysis, we see the start of a new 12345 Wave cycle. ETHUSDT is currently trading in Wave 2-3, generally know as the longest/biggest wave of all the waves during the upward price action phase.
There are a couple of theoretical points to consider when using the Elliot Wave theory and we take a deep dive into the theory and conclude the possible end point of Wave 2-3 at $3k.
From a Technical Indicator analysis, we see a BUY signal flash on the weekly timeframe with CryptoCheck START V3.5:
The weekly TF together with this indicator is usually a great way to confirm the bias f bullish price action.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- ethereum (ETH) also moved higher in today’s session, climbing closer to the 1,900 level in the process.
ETH/USD jumped to an intraday high at 1,896.62 earlier in the day, less than 24 hours after hitting a low of 1,851.96.
Friday’s rally saw the world’s second-largest cryptocurrency end a two-day downturn, following a bounce from a floor of 1,830 on Thursday.
a bounce on the RSI also took place, with price strength jumping from support at 51.00.
The next visible point of resistance now appears to be at 59.00, and should ETH reach this point, the price will be closer to $1,930.
ethereum is trading at 1,903.49.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Ethereum -> Back To A Bullish MarketHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Ethereum just retest and already started the rejection away from a previous weekly resistance area which was turned support exactly at the $1750 level.
You can also see that weekly market structure is still quite bullish, the next resistance zone is at the $2125 level so I simply do expect more continuation towards the upside to then retest the next resistance area.
On the daily timeframe you can see that my previous analysis about Ethereum perfectly played out with a simple break and retest above the daily $1850 previous resistance - daily market structure and moving averages are also now back to bullish so I am now just waiting for break above the $1910 resistance and then I do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
ETH Continues to Soar so It is Time to Trade Short Term!
I hope you have been enjoying the positive momentum ETH has been experiencing lately. It's been an exciting time for all of us, and I'm thrilled to see our favorite cryptocurrency continuing to soar!
As you all know, ETH has steadily risen, breaking new records and reaching new heights. It indicates that the market is bullish on ETH, and we expect to see more growth in the coming days.
So, what does this mean for us traders? First, it means that there's a fantastic opportunity to capitalize on the current trend and make some profits in the short term. The market is showing strong support for ETH, and this is the perfect time to enter a short-term trade.
I encourage you to take advantage of this opportunity and start trading ETH in the short term. With the positive momentum, we can expect to see some quick gains, and it's an excellent chance to maximize our returns.
Let's not miss out on this chance to make some profits and continue to ride the wave of success with ETH. So, prepare to trade and make the most of this bullish market.
Thank you for being a part of this community, and I wish you all happy trading!
ETH: in the footsteps of the shorts!💡Prospects for the growth of the price of ETH
▫️During the month, the imbalance from below was completely blocked and the low of April was updated
▫️At the top there is a formed liquidity point at $2,140 and an imbalance zone of $2,140 - $2,700 (this is an area for a potential reversal in a downward direction)
▫️Weekly TF: the price is in a corrective movement
▫️There is an uncovered imbalance and a liquidity point at $1,740 below
☑️When forming a pattern, I will consider purchases from the current ones or if they drop to $1,800, with targets of $2,020, $2,140 and $2,300
All profitable trades!
❗️Not a financial recommendation, before entering into a particular transaction, conduct an analysis of the asset yourself.
BTC, ETH 🌞🚀 Can XRP Overcome the Storm? ☔️⚡️Get ready for sunny skies 🌞 and bullish vibes as Bitcoin and Ethereum lead the charge in the next 24 hours. 🚀 Investors are jumping back in after the US debt deal in the Senate. The forecast remains positive for the week ahead.
But watch out! XRP faces headwinds 🌬️💨, hinting at a possible market correction.
Stay tuned for more crypto weather insights and reports! Follow us to stay updated. 🌩️⛅🌈
ETH Broke the Range High – Now What?Current Status:
Yesterday, May 27th, ETH broke the range high. The range high of roughly 1885 has been holding ETH back since May 10. The Question is what to do now?
Basic Assumption:
My basic premise is that the correction is over, and that ETH will not get to the range low in the near future. Of course, anything can happen, and the next few days will show if this correction is behind us or not. Fortunately, ETH’s chart is relatively simple and if the following conditions are met, I think we can long ETH.
Long Conditions:
1. If ETH breaks through the diagonal resistance line and holds it as support.
2. If ETH clears the horizontal support of 1935 USD.
3. The move up has to be convincing, meaning with volume and range.
• You should note that yesterday’s move left an imbalance on the chart (red box) and if your system allows you the risk, it can be an entry as well, assuming we get there.
If this is the start of a mini bull market, I am expecting ETH to make it to at least 2700 USD, but we’ll cross that bridge when we get there. First, we need to break this local resistance.
My trade Ideas:
1. Conservative Scenario
Entry: 1930
SL: 1900
Target: 2700 USD (it is wise to take profit along the way)
2. For the Brave and Reckless
Entry: 1850 (at the imbalance below the range high, if we get there)
SL: 1795
Target: 2700 USD
NFA
Don’t be a Degen. Avoid high leverage. FA
Feedback will be appreciated.
ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) was marginally lower today, however, it managed to remain above the 1,800 level.
Following a high of 1,887.71 on Thursday, ETH/USD declined to an intraday bottom at 1,846.23 earlier in the day.
The move saw ethereum edge towards a key price floor at 1,830, however, bulls have so far resisted this collision.
ETH has now fallen for a fourth straight day, with the catalyst being a failed break out of a ceiling at 1,930.
the RSI is now at a reading of 51.54, after failing to move past its own resistance at 59.00.
ETH has rebounded from its previous low and is now trading at 1,862.93.
Hit the like button if you like it and share your charts in the comments section.
Thank you