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Ethpriceanalysis

ETHEREUM: WAITING FOR A POSITIVE MOVE.ETH has been under the bullish falling wedge for quite some time and till now it has failed to show any positive move. With the pattern ETH is forming, it will be important for ETH to break above the resistance trendline for a positive confirmation. A breakdown below the supporting trendline will ruin the chart and make things more complicated. I am expecting a breakout soon. What's your opinion? Let me know in the comments. Thank you for reading. Trade safely. Regards, Team Dexter.
BINANCE:ETHUSDLong
by Dexter_The_Trader
ETH on the Demand Zone!Since the last chart on 04 Oct, ETH went up to 1662 on 07 Oct Resistance Zone: 1657-1673 Short-term bearish since and a retest at the Demand Zone on 10th Oct Demand Zone 1531-1568 Demand Zone since 18 Aug 2023 Demand Zone tested again on 11 Sept and 10 Oct As long as this Zone holds, we may have another dash for the Bulls to the Resistance Zone A possible retest at the Demand zone Future Observation * A large volume on 10th Oct * RSI >50 = Bullish bias * Price close above Ma200
Long
by KajuFusion
ETH IS LIKELY TO DROP FURTHER LOW???Hello, Traders. I'd like to provide a quick update on Ethereum (ETH) in a 2-day timeframe. As we're well aware, the cryptocurrency market often takes cues from Bitcoin (BTC). Recently, when BTC experienced a sharp drop from FWB:29K to FWB:25K (a -13% decrease), Ethereum (ETH) and other major altcoins followed suit. ETH, for instance, went from $1808 to $1540 in a single day, marking a -14% decline. While ETH hasn't yet retraced to the $1800 range, it has found some stability around the $1600 mark. Now, if we take a step back and examine ETH on a longer 2-day chart, we can see that ETH is currently trading between support and resistance trendlines. According to this chart, for the pattern to be complete, ETH may need to reach the support zone. If this occurs, I anticipate ETH could potentially reach the $1300 range, which might be its bottom point. That's the latest update from us. Please feel free to share your thoughts in the comments. Wishing you favorable trading hours ahead. Best regards, Team Dexter
COINBASE:ETHUSDShort
by Dexter_The_Trader
4
#ETH - thoughts out loud №5Good evening from Ukraine! Dear colleagues, I am glad to welcome you! The current development of the situation indicates that in the absence of positive dynamics of movement from the current price, it may lead to a decrease in the price of the instrument (supply test). However, it is worth considering that professional operators who create the market have their own plans that differ from the way the masses see the situation. It will be great to take part in a rapid "unexpected" upward momentum in order not to let extra passengers into the market) Thank you all for your attention, I wish you success . Sometimes you win /sometimes you learn. - thoughts out loud - thoughts out loud - thoughts out loud P.S. ...Think positive)
Long
by WVitalievich
XRP Basks in the Sun ☀️ XRP, LTC, ADA Brace for Rain 🌧️? Cloudy weather with some sun lies ahead for the overall global crypto market in the next 24 hours. This translates into a slightly bearish market with downside risk. However, Ether trades in sunnier conditions, indicating potential upside. ☀️ Over a one-week horizon, the forecast is mixed with sunny trading conditions ☀️ for both major cryptocurrencies – Bitcoin and Ether, as well as Binance. Other altcoins such as XRP, Litecoin, and Cardano face 🌧️ rainy if not stormy trading conditions, signaling a bear market with a possible downward trend. Follow us for more crypto weather reports!
BITSTAMP:ETHUSD
by ATTMO
Ethereum Trading Plan, July 16th – 22nd, 2023Generally, ETH does not inspire me with confidence for the following reasons: 1. ETH is forming a Rising Wedge pattern. This pattern usually breaks to the downside. 2. On the daily TF, ETH is forming a bearish divergence on the MACD. However, the RSI doesn’t show a bearish divergence. 3. On July 14th, ETH deviated above resistance and was rejected. This makes me think that the move-up was just a liquidity grab. 4. Currently, ETH is at the 1930 resistance level. Since April 20th, ETH did not close more than one or two daily candles above this level. Strong resistance. 5. ETH is technically an altcoin, but it wasn’t damaged as much as the other layer ones were recently and I don’t think it will benefit as much either. That is my opinion, feel free to disregard it Weekly Bias: • My weekly bias is bearish. My bias is invalidation is if ETH closes a daily candle above 1946 and continues to the upside. Short Trade Idea: • Entry: 1931 (I am waiting for the weekly close before entering). • SL: 1944 (previous daily close). • Target: 1787 • TP: 1844, 1787. • If ETH breaks below the wedge and tests it as resistance, I will compound my short. • I will monitor ETH’s PA as it nears the upward-sloping trendline for a possible reversal. NFA. What do you think? Please share in the comments. Best Wishes.
Short
by NewThoughtCrypto
2
ETH Correction Phase after Bear Rally: Is it Sustainable? I want to discuss Ethereum (ETH) and the possibility of a correction phase following its recent bear rally, with a new target of $2000. However, it is crucial to approach this potential development cautiously and consider the sustainability of any price changes. As many of you know, ETH has experienced a remarkable surge in value over the past few months, reaching unprecedented heights. This impressive rally has undoubtedly captured traders' attention seeking lucrative opportunities within the cryptocurrency space. However, it is essential to remember that markets are inherently volatile, and what goes up must eventually come down. While a correction phase may be imminent for ETH, assessing the sustainability of any potential price changes is essential. Market dynamics, investor sentiment, and external factors can all influence the direction of cryptocurrencies, making it difficult to predict their long-term behavior accurately. Therefore, it is crucial to exercise caution and approach the situation with a measured perspective. Considering the potential for a correction phase, evaluating your current positions in ETH may be prudent. Diversification is vital in any investment strategy, and adding a few positions in ETH could be careful. However, it is equally important to carefully manage risk and only allocate what you are comfortable with, as the market's unpredictability remains a significant factor. As always, I encourage you to conduct thorough research, stay updated with market news, and consult with trusted advisors before making any investment decisions. The cryptocurrency market is known for its volatility, and it is essential to remain vigilant and informed. In summary, while the possibility of a correction phase looms over ETH after its recent bear rally, it is crucial to approach the situation with caution. The sustainability of any price changes is uncertain, and it is essential to evaluate your current positions and consider diversification. Remember to manage risk prudently and make informed decisions based on reliable information.
BITSTAMP:ETHUSD
by bryandowningqln
ETHEREUM PRESENT SCENARIO.Dear members, I would like to provide a brief update on Ethereum (ETH) in the 12-hour timeframe. Currently, ETH has shown limited progress, with its price fluctuating within the range of $1800 to $1900 over the past few weeks. Market activity appears subdued, resembling a period of relative calm. While ETH made an unsuccessful attempt to break above resistance 1 at $1965, there are ongoing efforts to overcome this level. Notably, the 21-hourly moving average is providing some support, potentially signaling a potential rebound. In the event of further rejection, a favorable buying opportunity may arise around the $1700 range, offering a suitable entry point for leveraging or initiating a buyback strategy. This concludes my update for now. Stay tuned for the next update, and in the meantime, trade with caution and ensure your safety. Wishing you profitable hours ahead. Best regards, Team Dexter
BINANCE:ETHUSD
by Dexter_The_Trader
2
important Trading Insight: Exercise Caution as Momentum FallsRecently, we have observed a notable trend in Ether's Relative Strength Index (RSI), which has consistently exceeded 60. This indicates an overbought condition, suggesting that the asset may be due for a correction or a period of consolidation. Coupled with this, the Moving Average Convergence Divergence (MACD) indicator has shown signs of profitability decline. Furthermore, it is crucial to pay attention to the presence of bullish wicks, which act as support and resistance levels on price charts. These wicks indicate potential reversals or temporary pauses in the prevailing trend. As traders, it is imperative to recognize and respect these levels when making trading decisions. Given these indicators, I encourage you to exercise caution and remain vigilant in your trading activities. It is crucial to reassess your risk management strategies and consider adjusting your positions accordingly. As momentum falls, it becomes increasingly important to focus on preserving capital and minimizing potential losses. While the cryptocurrency market can be highly dynamic and unpredictable, the risk of sudden price swings and market volatility increases during these moments of declining momentum. Therefore, I urge you to approach your trades cautiously and avoid making impulsive decisions based solely on short-term market movements. Remember, successful trading requires discipline, patience, and a well-thought-out strategy. Take the time to thoroughly analyze the market conditions, monitor key indicators, and consider the potential risks before executing any trades. In conclusion, as Ether's RSI surpasses 60, MACD profitability falls, and bullish wicks emerge on the charts, you must be cautious and exercise prudence in your trading decisions. By doing so, you can better protect your capital and navigate the market's uncertainties more effectively.
BITSTAMP:ETHUSD
by bryandowningqln
🌧️ Outlook for Ethereum & Altcoins; ☀️ for BTC & BNBEther and many other altcoins face cloudy ☁ or even rainy conditions 🌧️, signaling a bearish trend with downside risks according to ATTMO. However, sunny weather with a few scattered clouds lies ahead for Bitcoin and Binance in the next 24 hours ☀️, painting a slightly bullish market outlook as investor interest in the crypto sphere remains strong. Over a one-week horizon, ATTMO predicts prevailing sunny trading conditions across most of the crypto market. 📈 Follow us for more crypto weather reports!
BINANCE:ETHUSD
by ATTMO
ETH Struggles at $1900 - A Cautious Approach is AdvisedToday, I wanted to bring your attention to the recent struggles faced by Ethereum (ETH), which currently stands at a price of $1900. While the crypto market remains highly volatile, it is crucial to approach such situations with caution and prudence. ETH has been facing significant challenges in maintaining its price at the $1900 level. This recent turbulence raises concerns about the short-term stability and potential downward pressure on Ethereum's value. As responsible traders, it is essential to evaluate the current market conditions and make informed decisions regarding our investment strategies. In light of these developments, I would like to encourage you to consider holding off on any immediate ETH investments or further purchases until we witness a clearer trend. By exercising patience and closely monitoring the market, we can mitigate potential risks and make more informed decisions about our crypto portfolios. As crypto traders, we understand the importance of staying updated and navigating the market wisely. Here are a few factors to consider before making any decisions regarding ETH: 1. Market Sentiment: Observe the sentiment of the crypto community, paying attention to expert opinions and market analysis. This will provide valuable insights into the overall market sentiment towards ETH. 2. Technical Analysis: Conduct thorough technical analysis, including examining key support and resistance levels, chart patterns, and indicators. This will help identify potential price movements and trends. 3. Fundamental Factors: Stay informed about any significant developments or news related to Ethereum, such as protocol upgrades, partnerships, or regulatory changes. These factors can significantly impact the price and future prospects of ETH. Remember, in times of uncertainty, it is crucial to prioritize risk management and protect our investments. By taking a cautious approach and carefully evaluating the market conditions, we can position ourselves for potential opportunities while minimizing potential losses. Collaboration and knowledge sharing can help us make more informed decisions and navigate the crypto market effectively. Hold off on ETH investments for now and closely monitor the market conditions before making any further decisions. Let's exercise patience, evaluate the market sentiment, conduct technical analysis, and stay informed about fundamental factors. By doing so, we can make more informed choices and protect our investments in the volatile crypto market.
OANDA:XAGUSD
by bryandowningqln
4
ETH Update: Support at $1650, Resistance at $1900-$2200. Dear fellow traders, I would like to extend my heartfelt gratitude to all the members for their unwavering support. Our journey thus far would not have been possible without each and every one of you. Thank you sincerely, on behalf of Dexter and the entire team. Now, let us delve into the update on Ethereum (ETH) within the two-day timeframe. Presently, the state of ETH leaves us uncertain as to whether it will surge higher or retreat below. Observing the price action, we can identify a modest level of support around $1650, while a formidable resistance zone is established between $1900 and $2200. Reflecting on previous analyses, it becomes apparent that when ETH faced rejection at this resistance, it experienced two minor rebounds ranging from 30% to 40%. Similar price movements may occur again to maintain favorable Relative Strength Index (RSI) levels. To facilitate comprehension, I present the following validation and invalidation points: Bullish: A decisive breakout above $2200 would serve as a robust bullish indication, not only for ETH but also for supporting altcoins. Bearish: A breakdown and subsequent rejection below $1650 would invalidate the bullish scenario, potentially leading to a decline towards $1300. These are the essential points pertaining to the current state of ETH. I welcome and encourage you to share your ideas and perspectives in the comment section. It would be a pleasure to learn from your insights regarding the market. Wishing you all the best and safe trading.
COINBASE:ETHUSD
by Dexter_The_Trader
3
Is RSI over 50 something to be concerned about ETH? I am writing to express my concern about the current state of Ethereum (ETH). As you may know, ETH's Relative Strength Index (RSI) has recently gone over 50, indicating that the asset is in trouble. This is a worrying sign for anyone who has invested in ETH, as it suggests that the asset is losing momentum and may be headed for a downturn. As traders, we must pay attention to these signals and take action to protect our investments. I urge you to take this warning seriously and consider your options carefully. Whether you hold on to your ETH or sell it off, you must stay informed and ahead of the market. In these uncertain times, being vigilant and proactive in our trading strategies is more critical than ever. I encourage you to closely monitor ETH and take any necessary steps to protect your investments.
BITSTAMP:ETHUSD
by bryandowningqln
50d 200d moving cross for ETH as new support level I wanted to share some exciting news: ETHER has just had a popular 50d 200d moving average cross, establishing a new support level. This is great news for us as traders, as it clearly indicates a bullish trend. What's more, the RSI (Relative Strength Index) is currently at an optimal time for entry. This means that now is the perfect time to consider opening a position in ETHER. I know some of you may be hesitant to jump in, but I encourage you to consider taking a position in ETHER. With the recent upward trend and establishing a new support level, there's never been a better time to invest. So, what are you waiting for? Don't miss out on this opportunity to profit from the current market conditions. Take a look at ETHER and consider opening a position today.
BITSTAMP:ETHUSDLong
by bryandowningqln
Ether RSI shows short term pop up I wanted to update you on the recent price movements of ETH/USD. Yesterday, the cryptocurrency reached a high of $1,761.96, but today it slipped to an intraday low of $1,727.75. Currently, it moved below a floor at $1,730. However, bulls have stabilized this support zone, with the RSI finding its floor at 38.00. Currently, the price strength is at 38.81, which is within the oversold region. This could potentially be a positive sign for those looking to buy low. Please let me know if you have any further questions in the comments.
BITSTAMP:ETHUSDLong
by bryandowningqln