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Ethlonhg

Unveiling the Market Cycle of Ethereum (ETH) Pattern Structure: ETH is currently displaying three distinct phases of the market cycle: contraction, expansion, and the ongoing mark-up phase. This indicates a bullish area in the market. Understanding these phases can help traders anticipate potential price movements and position themselves accordingly. Probability of Move: Considering the completion of the contraction and expansion phases, the current mark-up phase suggests a higher probability of a bullish continuation. Traders should carefully analyze price action and other supporting indicators to validate this probability and make informed trading decisions. Trade Setup: Entry Level: The recommended entry level for ETH is $1830. Target: The target for this trade is set at $1932. Stop Loss: To manage risk, a stop loss level of $1820 is suggested.
Long
by TheNewsCrypto
39
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Ethereum (ETH) on the other hand was mostly in the red, with prices falling back below the $1,700 mark. ETH/USD hit a low of $1,616.63 earlier in today’s session, which comes following a high at the $1,701.43 mark the day prior. As a result of today’s drop, the world’s second-largest cryptocurrency moved below a key ceiling at the $1,675 point. Looking at the chart, the decline came as the RSI failed to break out of a resistance level of 60.00. At the time of writing, price strength is now tracking at 56.90, with the next visible point of support at 55.00 In the event bears land in this zone, there is a strong chance that ETH will be trading below $1,600. 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
2