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Ethpriceanalysis

ETH is going to 4700?Descending Triangle formation by ETH price action. There are instances when descending triangles form as reversal patterns at the end of an uptrend, but they are typically continuation patterns. Let us see if this triangle will be bearish or bullish. I believe its a bullish as it also is forming a W double bottom in shorter time frame, and we might see an uptrend continuation from here! Nothing is certain, so lets wait and watch! You can check my previous ideas and price actions predictions by referring to the link below. Most of them were correct and played out well.
COINBASE:ETHUSD
by fullofsoul3
ETH - 12h. Buyers are preparing for the test of $3000 Despite the uncertain movement of the BTC price over the past few days, the ETH market has grown significantly. In our previous idea , we showed two scenarios of the ETH price movement that are possible in the medium term: As you can see from the chart, buyers managed to break through the range of the previous all-time high and gain a foothold above $2051. On April 18, buyers proved to the entire crypto market that this mark is important enough for them. In addition, the sharp buy-back of the ETHUSDT price over the next few days showed buyers ambition and a desire to continue pushing the price up to the mark of $3000 . Considering the situation in the crypto market today, as BTCUSDT is trying to continue falling, ETH buyers are preparing to renew the all-time high. Therefore, the main scenario for us is continued growth to the range of $3000-3300. An alternative scenario will take effect after buyers lose control of the mark of $2050 ______________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
27
ETH NEW ATH THIS WEEK?!Ethereum was running last week and we saw as of right now for the last 10 days a 32% jump up! With BTC dominance still falling and not showing much upside I think this week we are going to see some very positive price action! ETH is getting very close to the top FIB level/ ATH it would be ideal if tomorrow we came out hot and closed our daily above the Top FIB putting us back into price discovery! The MACD looks very bullish we are seeing big separation in the bands. Aswell the EMA ribbons are starting to turn upwards and hopefully we can see them open up even more and carry us with some bull momentum. The RSI is cruising below the overbought zone but i think if we see a push past the ATH then we could see a little selloff to test supports and then start heading back up aswell to let our RSI come back down into the neutral zone! Not financial advice just my opinion
BITSTAMP:ETHUSDLong
by JacobR905
ETH - 12h. Continued consolidation or continued growth?Today, we closed the previous ETH idea because it achieved our target. It's time for a new idea. The sudden collapse of the ETH price on February 22-23 caught buyers by surprise. The main battle for the medium-term trend in the ETHUSDT market took place in the range of $1400-1430 . Interestingly, from where ETH prices began to rise in early February, it returned at the end of the month. This is clearly seen in the monthly timeframe: This fact increases the probability of a scenario of protracted consolidation until June 2021 . The main signal of this scenario will be a failed attempt by buyers to break the range of $1900-1950 . As you can see in the chart, it is from this range that the powerful momentum of the fall began. Re-testing this range at low volumes will give sellers a new chance to test $1350-1400. If we look at the chart of the ETHBTC pair, we see a similar situation: In early February, buyers gave sellers control over the range of 0.036-0.038. As long as ETHBTC prices are below this range, the probability of protracted consolidation is very high. An alternative scenario is to update the historical high and test the mark of $2690 . However, another factor in such a scenario should be the update of the historical high of BTC. _______________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
20
ETH-6h. How realistic is the optimistic scenario of growth 2200?Very slowly but surely, the ETH market is moving towards the goal of our previous idea : If we compare the nature of the ETH price movement with other coins, we see that ETH buyers are in no hurry to accelerate the growth trend and organize momentum growth. The price of ETH is slowly rising, testing the main support areas. After confidently keeping $1700-1750, buyers managed to update the historical high. However, since then the price has risen by only 8% . If we compare it with the growth of IOST or DASH , it becomes clear why we do not take into account ETH for trade. However, in this idea, we decided to consider an optimistic scenario of ETH price movements. Since the previous liquidity zone of $ 1850-1880 is under the control of buyers, there is a possibility that buyers will still come to life and be able to organize a sharp impulse to target $ 2200-2230 The main problem for this scenario is the ETHBTC chart As you can see from February 6, the price of ETHBTC is systematically reduced. Confident consolidation of the price above the green range will give a good signal for the formation of a new impetus for growth in the ETHUSDT market Therefore, we expect to achieve the goal of BTC e dslvsnws $56000. We hope this will stimulate ETH buyers to take decisive action) __________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
Long
by P_S_trade
16
ETH - 4h. Buyers Need To Hold $1700Looking at how other altcoins are actively firing, while BTC is slowly but surely approaching the mark of $50,000 , the price of ETH is calmly standing still. What could be the reason? On February 5, the price of ETH began to slow at around $1750. After the first test of this mark, sellers sent the price of ETH up to $1491. However, at this point, the sellers' aggression is over . Since February 8, ETH market participants have been actively trading the mark of $1,750 . So far, it is clear that sellers do not have enough strength to gain a keep below this mark, and soon we will see a new upward price impulse. But the main liquidity , where buyers are actively buying ETH lately, is at the mark of $1,700 .An unsuccessful attempt by sellers to break through this mark will be a good signal to start a new wave of growth. The first target is $1900. If you pay attention to the ETHBTC chart, you can see that buyers have finally managed to gain a foothold above the global range of $0.0364-0.0382. This range has held the price of ETHBTC for over 2 years. Back in September 208, sellers took control of this range. Only after the retest in January and February 2019 of this range, the price continued to fall again. The fact that the price of ETHBTC is fixed significantly increases the chances of continued price growth in the long term. The critical poin t of this scenario is the range of $1560-1610 . Below this range, a strong and fast correction of ETH will begin with a target of $1360. This is the cryptocurrency market. Everything is possible here. Therefore, take care of your deposits and successful trading! ________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
Long
by P_S_trade
25
ETH - 6h. The next target is $2150Renewing the historic high in the ETH market has been a big event for investors. Buyers are trying to repeat the success of BTC and continue the rapid rise in prices. However, as of February 3, the price of ETHUSDT significantly slowed down the transfer with the mark of $1750. Trading volumes began to decline from the beginning of February and the dominance of ETH could not consolidate above 17% Despite these facts, the cryptocurrency market is growing and the likelihood of continued growth of ETH to $2150 is real. To do this, buyers need to confidently stick to the mark of $1750. From the mark of $2150 , there is a high probability of starting the correction . Sellers will try to lower the price below the previous historical high. What is the target of this correction? See our global ETH idea: _____________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
15
ETH - 4h. The price of Ethereum fell into a triangle.Today's fall in the price of ETH did not break the main scenario of buyers' continued growth. By lowering the price to $1270, sellers stopped the pressure. As a result, we see the local reversal of the ETHUSD price, which we wrote about in the previous scenario. Trading volumes in the ETH market are average. Considering the trajectory of the BTC price, we believe that a triangle has formed in the market. Given that before the formation of the triangle there was a momentum of growth, the probability of breaking the triangle up is higher. Proof of the strength of buyers will be the maintenance of the range of $1336-1353. The main goal of buyers is the range of $1600 . We will consider the alternative scenari o only after breaking the mark $1270. __________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
9
ETH - 4h. The critical point of the local growth trend is $1270.The local weakness of the BTC market and the systematic decline in its dominance played a positive role for ETH . If on January 22 the price of ETH submissively fell along with the price of BTC, then during yesterday's local attack of sellers in the BTC market, the ETH market showed growth. Today, trading volumes in the ETH market are higher than BTC. At the moment, buyers have taken the critical level of $1270, which we wrote about in the previous idea : Now buyers have managed to update the local high, but the price continues to trade within the yellow wedge. In order not to lose the initiative, buyers need to keep the mark of $1270 and after consolidation to continue to grow with the first local target of $1570 . From the nature of the ETH price increase, it will be clear whether there is a prospect for stronger growth with a target of $1800. The loss of the $1270 mark will continue to consolidate within the wedge and sellers will test the range of $1150-1200. This scenario also has a right to life. Given that the previous weekly candle of the ETHBTC pair closed to continue medium-term growth, a slight correction to the green range is still possible: ______________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
24
ETH-4h. Below $ 1270, the correction will begin.The buyers initiative, which began on January 11, is beginning to weaken. The price of ETH slowed down before updating the historical high. This is strange, because BTC is in consolidation and does not take attention. On January 19, buyers managed to update the local high . however, relative to the previous high is only 7% higher. The price stopped for 2 dollars to the historical high of 2018. The new wave of growth looks rather weak and the breakdown of the mark of $1270 will begin to correct the price of ETH. Having settled below this mark, we expect the price to continue falling to the range of $980-1000. Interestingly, ETH trading volumes are currently larger than BTC volumes . By reducing BTC's dominance by at least 10%, ETH could feel like the king of the crypto market. It is possible to buy a coin with confidence only after fixing over the range of $1340-1390. It is the loss of this range in 2018 and was the beginning of a global correction of the ETH market. ________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
18
ETH-4h. Break the critical range of $1260-1350 and test $2660.Pretty soon the price of ETH reached the target. We wrote about in the previous idea . Buyers did not give any chance for correction. Investors' expectations of the $900 mark proved futile. At the moment, the price of ETH is preparing to storm the main range of $1260-1350. After the first test on January 7, trading volumes fell sharply . However, this is natural, because the price has fallen into a consolidation triangle, from which the price is more likely to shoot up . The sellers' attempt to impose a fight on January 8 was unsuccessful. Of course, 12 hours of pressure on the price by average volumes is not enough to reverse such a powerful trend . As a result, the price is now preparing for a shot that should break the critical range of $1260-1350 and set a new all-time high. The first medium-term target where buyers will feel serious resistance is the $2660 mark. However, to begin with, you need to hold on to the critical range of $1260-1350. b]The critical point of this scenario is the $ 1160 mark. Having secured above it sellers will select the local initiative and will be aimed at the test of the range $980-1000. __________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
Long
by P_S_trade
16
ETH-4h. Buyers are preparing for a new wave of growth!The new year offers new prospects for investors. One of them can be found on the ETHBTC chart. A strong wave of fall, starting from December 13, lowered the price of ETH by 25% . In one of our ideas, we showed that sellers have broken the global trend line and the situation looks quite critical. However, meeting the range 0.0247-0.0252 sellers met with serious resistance. It is in this range that the price of ETHBTC began to slow down on December 23 . Due to a strong trend, sellers managed to break through this range for a while. However, December 27 showed its strength by taking control of the range 0.0247-0.0252. This range is currently being tested. Sellers look weak. Therefore, the probability of starting a new wave of growth with a target of 0.03 is quite high. Given that the price of the pair ETHUSDT is now in consolidation - rising to $ 800-840 in the near future - this is a very likely scenario. ___________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
Long
by P_S_trade
6
ETH-6h. Buyers are ready to test $ 800-840.BTC's local weakness, after setting a new historical high, gave ETH buyers a chance to come out of the shadows. On December 27, during the two hours of active sales of BTC at highs showed that many people want to keep the price of BTC. During the stoppage of growth in the BTC market, ETH buyers raised the price by 10% in 3 hours. The initiative of buyers continues to remain with buyers. This is how our global idea ends . Buyers managed to go beyond the wedge. The local critical point for continued growth to the $800-840 range is the $700 mark . Below it, sellers will return ETH to the consolidation wedge and try to test the $620-630 range . Therefore, we expect the result of the fight for the $700 mark to enter the risk-free entry into the position. ________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
1
ETH-4h. First $600 and then $800.For the second day in a row the price is trading above the previous local high. The focus of the cryptoworld on BTC does not allow the ETH market to reach its full potential yet. On the ETHBTC chart the price continues to fall, giving new resources for BTC growth. BTC volatility is now higher than ETHBTC pairs. Local correction of BTC will entail the price of the pair ETHUSDT. The critical zone for the continued rapid growth of ETH is $ 600-620. The first serious target is $800. Breaking the $600-620 range will form a rather negative scenario, which is too early to talk about. _______________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics! Breaking the $ 600-620 range will form a rather negative scenario, which is too early to talk about.
Long
by P_S_trade
9