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Ethlong

Ethereum - Buy The Rumor, Sell The News? 😳What’s up traders. In today’s trading idea, we discuss our thoughts on Ethereum. Taking a look at the Daily chart, we’ve mapped out a few key levels & zones. The story for Ethereum will be similar to our previous post on Bitcoin, in terms of where we think the 2nd largest crypto is headed. If you haven’t heard, the Ethereum network is about to undergo the highly anticipated Shanghai upgrade on April 12th. Simply put, this upgrade will allow investors (validators of the network) to withdraw their ETH that has been staked since December of 2020 (massive unrealized gains sheesh). Right now, staked ETH accounts for 1/7th of the entire supply, 16 million tokens valued at over HKEX:26 billion. Will a massive price dump follow? Without diving too deep into the technicalities of the Shanghai fork, a subsequent dump could likely be in the cards. Scenario 1: Bull Case We see a continued push from Bitcoin, driving Ethereum up. We’re currently in an ascending triangle / bull flag, so a breakout to previous highs wouldn’t be surprising. HKEX:2 ,000 ETH definitely in the cards (Round number pseudoscience). If we can surpass the 2K barrier, consolidate above combined with a bullish Bitcoin. Taking longs right now don’t sound too shabby. Scenario 2: Bear Case The bearish scenario would entail a “Buy The Rumor, Sell The News” situation. Where this push we’ve witnessed in recent days/weeks is due to the hype surrounding the Shanghai Upgrade. A dip back down the 1400-1500 levels might be a solid spot if you want to look at getting long. If we see a severe dip from Bitcoin, and end up retouching the 1000-1200 levels. We’d be looking to buy & hold as those prices would be quite appetizing. As always, NONE of this is financial advice. Trade, and invest at your own risk. This is for educational and entertainment purposes only, and we are in no way shape or form financial advisors. Eyes peeled out there team. See ya in the next one.
by QuantVue
6
Bear season is over! Take your place for the #Bitcoin big goal.After a long break: We can say that the bear season is over and preparations are made for the bull. Details are shown on the chart. Investment strategy: #BTCUSDT Evaluation according to weekly data analysis #Bitcoin continues to have a horizontal squeeze between 26K and 29K. After the price closures that will occur outside of this support and resistance, transactions can be started in line with the trend. You can buy the expectation by making a good strategy while starting the journey towards the big goal. If you like my ideas or have your own ideas to share on this market, leave a comment below so we can discuss. The content of this analysis is subject to change at any time without notice and is for educational purposes only. This is not financial advice or a sign. Please make your own independent investment decisions.
Long
by Merchant_Captain_Jack
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Ethereum (ETH) was also lower today, as prices slipped from an eight-month high the day prior. Following a high of $1,924.47 on Wednesday, ETH/USD dropped to an intraday low of $1,859.00 earlier in the day. As a result of this decline, ethereum has fallen from its strongest point since Aug. 17, when the price peaked at $1,957. today’s drop resulted from the RSI hovering below a recent support point of 61.00. Overall, it appears that earlier bulls have moved to take profits, ahead of the upcoming uncertainty in the market. At the time of writing, ethereum is trading at $1,871.63. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
1
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Ethereum (ETH) was also in the green, with prices climbing to a fresh eight-month high. ETH/USD moved to a high of $1,921.27 earlier in the day, which comes a day after trading at a low of $1,855.37. As a result of this rally, ethereum went back to its strongest point since August 17, when the price hit a peak of $1,957. This latest surge has pushed price strength to a current reading of 65.87, which is marginally below a ceiling of 66.00. Due to this, some earlier bulls have moved to take profits, which has led to ETH falling from the day’s high. At the time of writing, ethereum is trading at $1,915.88. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
3