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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Ethereum (ETH) was in the green as prices snapped a three-day losing streak. After a low of 1,805.32 on Tuesday, ETH/USD rose to a peak of 1,919.72 at the start of the day. As a result of this move, Ethereum has reached a five-day high, with the price now hovering around the 1,915 resistance. The last time ETH bulls broke this ceiling was on April 13, and on this occasion, the price soared to an 11-month high above 2,100. For something similar to happen in this round, the RSI would need to clear a barrier at the 53.00 level. At the time of writing, the index is tracking at 51.64. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
6
Current trend changes in ETH and where it is expected to goRational analysis: overall, or bearish, this wave of the big pie is not ready to do, used to observe will be better. Before the big pie does not break through 30700, the real name bearish. From the ETH point of view, last night directly to the 1780 point to step back. This is a strong support band, analogous to BTC's 26500 support band a meaning. Then it was bullish. But now it's pulling up again to around 1900. It's up and down, and the long and short chips are rather chaotic. For the time being, ETH closed below 1920 today and will be bearish tomorrow. Go for an inverted hammer. If it is above and not more than 1950 points, then there is a probability that another wave of explosive short market out. This is quite a big risk these days, you pay attention to the risk of more and less. There are profits in time to stop profit. Do not greedy space. Patience waiting for the main rhythm of the night. The current situation of the retailer is basically, high short without profit, low more also without profit. The high chase after the short either be lost or set. This chip structure and can come out of the convergence pattern to wash chips. This is a deliberate attempt to confuse the technical players. In short, you do not lose this wave, wait for the market to come out, then make a decision will be a winner. Just win two days slow!
COINBASE:ETHUSD
by MieMie87
ETH - Key Levels To Watch 👀What's up traders! In today's market breakdown, we're mapping out our latest levels to watch for on the ETH hourly chart. No need to beat around the bush, let's dive right in... Ticker: ETHUSDT Date: 04/26/23 T imeframe: 1H Key Levels: Supply: 1935-1965 (1st red zone), 1990-2005 (2nd red zone) Demand: 1800-1825 (green zone) Other key levels: 1875-1890 (1st grey zone) Commentary: First Republic drama had cryptocurrency bulls gain back control of the market yesterday. However, Ethereum has come back to retest demand at 1800 today. Ethereum pretty much satisfied the Bearish Scenario 2 from our last analysis on 04/23/23, except it found demand at 1800 rather than ~1770 - a big psychological level. Currently, we are trading just under ~1875-1890 key zone and supply from the earlier this week that is being respected well. Here are a few trades we could target from here: ✅ Bullish Scenario 1: you want to see price pull back into the demand zone ~1800-1825 and buyers to emerge again for an upside move, possibly into ~1935-1965 supply or higher. Be cautious of the key zone around ~1875-1890 in this scenario. This is the safer upside play. ✅ Bullish Scenario 2: you want to see price trade above this ~1875-1890 zone, retest this zone and turn it into demand to catch a break and retest for an upside move, potentially into supply at ~1935-1965. ✅ Bullish Scenario 3: you want to see price rally and break supply at ~1935-1965, pull back into it to turn it into demand and find strength again for a move into next supply at ~1990-2005. ------ 🟥 Bearish Scenario 1: you want to see price approach supply at ~1935-1965, sellers to regain control and possibly catch a break and retest of this supply zone into the key zone ~1875-1890 or demand at ~1800-1825. This will be the safer downside play. 🟥 Bearish Scenario 2: you want to see price reject here at ~1875-1890 for a move into ~1800-1825 demand. 🟥 Bearish Scenario 3: you want to see price break demand at ~1800-1825, retest and turn this zone into supply for a further downside move into ~1770. That's all we got for you in this one. So what do you think? Are you bullish or bearish on ETH? Let us know in the comments below! We'll see you in the next one. -The AlgoBuddy Team
by QuantVue
4
Bitcoin's Declining Correlation with Ether May Affect InvestorsThe correlation between bitcoin and ethereum returns has been declining since mid-March. The decline in this relationship became more pronounced after the Shanghai upgrade of Ether, with a similar trend seen in September 2022 after the network's last Merge update. The weakening of the daily return 40-day correlation could continue for another two weeks, as the initial phase of Ether extraction remains in effect after the upgrade. Analysts David Duong and Brian Cubellis say the relevance of this correlation decline for institutional investors is that it could affect quantitative strategies that rely on one asset to cross-hedge against another (or use ETH as a hedge for less liquid cottage coins). From a fundamental perspective, it supports the diversification argument for holding both BTC and ETH
COINBASE:ETHUSD
by MieMie87
Decline associated with ethereum could affect investors' hedgingThe correlation between bitcoin and ethereum returns has been declining since mid-March. The decline in this relationship became more pronounced after the Shanghai upgrade of Ether, with a similar trend seen in September 2022 after the network's last Merge update. The weakening of the daily return 40-day correlation could continue for another two weeks, as the initial phase of Ether extraction remains in effect after the upgrade. Analysts David Duong and Brian Cubellis say the relevance of this correlation decline for institutional investors is that it could affect quantitative strategies that rely on one asset to cross-hedge against another (or use ETH as a hedge for less liquid cottage coins). From a fundamental perspective, it supports the diversification argument for holding both BTC and ETH
KRAKEN:ETHUSD
by sooyeon520
Ethereum to turnaround?Ethereum - 24h expiry - We look to Buy a break of 1891 (stop at 1841) We are trading at oversold extremes. Daily signals are mildly bullish. Bullish divergence is expected to support prices. Posted a Double Bottom formation. The bias is to break to the upside. Our profit targets will be 2011 and 2031 Resistance: 1860 / 1880 / 1900 Support: 1825 / 1800 / 1775 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:ETHUSDLong
by VantageMarkets
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Ethereum (ETH) also started the week in the red, with prices hovering close to a key point of support. Following a high of 1,888.19 on Sunday, ETH/USD slipped to an intraday low of 1,831.16 earlier in today’s session. As a result of this move, ethereum fell close to its long-term price floor at 1,830, however, bulls have so far rejected a breakout. One of the reasons that a break has yet to occur seems to be due to the RSI, which continues to trend above support at 44.00 Price strength is now tracking at 45.58, with a ceiling at 52.00 a potential target for bulls hopeful of recapturing the 1,900 mark. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
3
Ether wipes out all gains from Shanghai upgradeEther (ETH) (www.coindesk.com) dropped to as low as HKEX:1 ,833 Friday afternoon, its lowest price since April 9, CoinDesk data shows. The second-largest cryptocurrency by market capitalization has now erased all price gains of its recent rally following the seamless implementation of the highly anticipated Shanghai upgrade. (www.coindesk.com)ETH has declined more than 13% from a Tuesday high of HKEX:2 ,118. It has fallen 5.3% over the past 24 hours as investors continue to weigh macroeconomic and crypto-industry focused uncertainties that have afflicted the wider digital asset market. The April 12 hard fork, the last major step in the transformation of the Ethereum blockchain from a proof-of-work to more energy-efficient proof-of-stake protocol, enabled withdrawals (www.coindesk.com) of some HKEX:35 billion worth of tokens locked in staking contracts. ETH began spiking a day after the event and surged to its highest level in 11 months. It had been lingering below HKEX:2 ,000 for most of the past year. ETH’s steady decline since Tuesday has come amid a wider price slump. Bitcoin was recently trading as low as about HKEX:27 ,200, down more than 3% over the past 24 hours and has tumbled more than 10% from a high Tuesday comfortably above HKEX:30 ,000. Crypto markets have been showing weakness in the past few days as concerns around sticky inflation, stock market earnings and looming recession have dragged prices lower, Edward Moya, senior market analyst of foreign exchange market maker Oanda, said Thursday on CoinDesk TV.
COINBASE:ETHUSD
by MieMie87
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Ethereum (ETH) continued to trend lower on Saturday, as the world’s second-largest cryptocurrency dropped below 1,900. Following a high of 1,926.30 on Friday, ETH/USD fell to an intraday low at 1,827.79 earlier in the day. As a result of this move, ethereum started the weekend by declining to its weakest level since April 9. Today’s price slippage also resulted in ETH briefly breaking out of an interim support point at 1,830. Bulls swiftly reentered the market seemingly buying the dip, and this has resulted in ethereum now trading at 1,848.66. Although there is likely to be further declines in the coming days, once this current red wave passes, there may be a significant reversal. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
3
Ethereum -> Just A Classic ShakeoutHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Ethereum already broke above a major previous weekly support/resistance area at the HKEX:1900 level. You can also see that as we are speaking, Ethereum is retesting this previous resistance which is now turned support, market structure is still bullish and we already created the bottom of the bear market in my opinion, so I simply do expect more continuation towards the upside from the current levels. On the daily timeframe you can see that Ethereum is also retesting previous daily support/resistance which could act as support so I am just waiting for some more bullish rejection inside of this area and then I do expect a next rally towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
BITSTAMP:ETHUSDLong
by basictradingtv
41