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Ethpriceanalysis

🌧️ 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
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!
BITSTAMP:ETHUSDLong
by bryandowningqln
ETH in a scary spot!The chart explains it self. Momentum is king, that's why my indicator is so good at seeing what channels that are being respected or not! Make sure to look at the volume weighted MA's when price breaks out or down! It's going to tell you if there is a continuation Quick TPI update for ETH ETH is still in the ranging-bearish territory... Stay safe! Since the 19th of april, the long-term TPI for ETH has fallen approx 75%! This is a bearish sign! Momentum Channel Indicator is linked below
INDEX:ETHUSD
by IkkeOmar
1
ETHUSDT - A lot of levels are waiting for correctionOn the trading chart, I believe that there should be a correction of this price in the range of the golden level Fibo. The correction will be accompanied by a zigzag form of Elliott waves (1-5) In order to open a position - wait for the LFT confirmation I am awaiting confirmation of my decision and plan to open a short position in the range I have shown If you want to know about more specific actions, then look in the description of my profile
Short
by JaegerB
Ethereum ETH price under the threat of falling. Hardfork soon🔥In 10 hours, the Shapella hardfork will include two major updates, Shanghai and Capella, lower commissions, and add the ability to withdraw ETH from staking. And it is precisely the possibility of withdrawing Ethereum from staking that can create a good additional supply of ETH on the market. We have seen various assumptions about the amount of ETH that will be released to the market, from a positive figure of only 1 billion$ to the most pessimistic 34 billion$. It all depends on the temperament of the person who made the calculations and put forward their assumption. However, the eternal law of supply and demand cannot be changed: More supply means a lower price. Now let's get to the facts, and we are only interested in one: According to the project documentation, with the input data that is known now, full unlocking of funds is available for eight validators per epoch (1,800 per day). This means that 57,600 ETH (~110 million$ at the exchange rate at the time of writing the idea) can be withdrawn from the staking every day under this procedure. Taking into account that the daily turnover of ETH is 9-10bn$, the unlocking should not critically affect the price of ETHUSDT But who knows what it will be like in reality) So, we have identified a wide range of $1350-1550 for ourselves, where we are ready to buy ETH again in our medium and long-term investment portfolios. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
36
Ethereum to 2k usdEthereum finally broke its resistance of 1830 usd. This is a welcome break after a 17 days sideways period. Right now we're at day 25 out of the on average 65 days cycle of Bitcoin. I'm using Bitcoin as a reference as Ethereum is highly correlated to that asset. Meaning we still have a max of 2-3 weeks of upside potential, as I expect us to have peak at the right side of the halfway point of the daily cycle. I believe this move will bring Ethereum at least to 2k usd as that is where the next resistance resides.
COINBASE:ETHUSDLong
by FetchTeam