$ETH 💎💎💎I'm seeing a diamond pattern on $ETH. From my knowledge where diamonds enter they in most cases exit. I still think there is a small possible bounce to the highlighted circled area around the 1770 area then down. My thought is that the price target down is between the 2 green horizontal lines at 1650-1625 area with a possible extension down to the 1580 area. Why I say the possible extension is that is where the last real push to its current price came from and before the market moves to new destinations whether higher or lower it usually retest old break outs. I will go further into my future thoughts after this move is completed. If it plays out exactly I think we may have a nice move before things possibly get nasty again.
Ethreum
Ethereum -> The Pump Is Not Over YetHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Ethereum is currently retesting a quite obvious previous weekly resistance area which is now turned support so I do expect at least some continuation towards the upside.
You can also see that we do have a next strong psychological structure area exactly at $2000, which I do expect Ethereum to retest before we then have the potential to create a minor rejection away from the $2000 resistance area.
On the daily timeframe you can see that we have been moving sideways for the past couple of days, following my weekly bullish outlook I am now just waiting for a break above the previous daily resistance and a retest to the capitalize on the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Ethereum Update: Indicates the signs of reversalEthereum has been experiencing a prolonged bear market period, similar to other cryptocurrencies. Given the current instability of the markets and the Fed's decision to raise interest rates, we can expect further market declines, resulting in another leg down. Therefore, in my opinion, ETH will retest its support at around $996 before rebounding and initiating a bull run, potentially reaching a value of approximately $9500. DYOR
Ethereum to break higher?Ethereum - 16h expiry - We look to Buy a break of 1857 (stop at 1807)
Our short term bias remains positive.
1843 has been pivotal.
A break of the recent high at 1843 should result in a further move higher.
Our outlook is bullish.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 1977 and 1997
Resistance: 1761 / 1800 / 1843
Support: 1733 / 1712 / 1700
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.
ETHBTC Altcoin indicator recovery due for alts? ETHBTC is used against Bitcoin, meaning, when Bitcoin is bullish ETHBTC will be bearish and when ETHBTC looks bullish Bitcoin will be looking weak.
Ever since 2016-2017 crypto investors have been using this tool as an early indicator to get in alts and to find "alt seasons".
You can also use this as an indicator along with Bitcoin to find when alts are going to be bloody all along. Whenever this indicator is looking bearish you know alts are going to be bearish together.
If you did not this before, let me narrow down the importance of using ETHBTC as an indicator to find ALT pumps or ALT szns:
-Ethereum Dominance: Ethereum is the second-largest cryptocurrency by market capitalization after Bitcoin. It has a significant influence on the overall cryptocurrency market, and many altcoins are built on the Ethereum blockchain. As such, ETHBTC can be a good indicator of the health and performance of altcoins.
-Historical Performance: The historical performance of ETHBTC during previous altcoin seasons has shown a correlation between the price of ETH and the price of altcoins. When ETHBTC is rising, it may indicate that altcoins are also likely to rise in price.
-Trading Pair: ETHBTC is a commonly used trading pair on many cryptocurrency exchanges, which makes it easy to track and trade. Investors can use ETHBTC to monitor the performance of altcoins and make trading decisions accordingly.
-Technical Analysis: Technical analysis can be used to identify trends and patterns in the price movements of cryptocurrencies. By analyzing the charts of ETHBTC, investors can identify potential buying or selling opportunities for altcoins during alt seasons.
-Diversification: Investing in altcoins can provide diversification in a cryptocurrency portfolio. By using ETHBTC as an indicator, investors can identify potential opportunities to diversify their portfolio and potentially increase their returns.
-Market Sentiment: The market sentiment towards Ethereum and Bitcoin can impact the performance of altcoins. If investors are bullish on Ethereum, it may indicate a positive sentiment towards altcoins as well.
ETH (CONVERGENCE) + DOWN TRENDhi there ,
convergence simply its mean that the trend its not finished yet not matter its down of up trend but in this case we have a down trend with convergence supportation,
price convergence its support the continuation of downtrend , i,m afraid this up wave its a bull trap and later price will continue down ,
thanks
What to do if ETH dumped after FOMCOn daily TF, bearish divergence since 20 Jan.
If you think it's a good idea to long at resistance on the back of a bearish divergence, go ahead.
What if ETH dumped?
I only do spot trading, so the next levels to DCA enter market will be at 0.382,0.5 and 0.618 fib levels.
1662, 1606, 1551. 1430 being the last level barring any black swan events
Like, share and comment if you like my idea.
It's time to analyze ETHFrom today, we have to wait for ETH to move towards the price of $2150.
After that, we have to wait for ETH to enter the specified range, most likely, crossing the specified resistance range which is $2350 and $2850 is not an easy task.
Finally, after passing the price of $2,850 and the general conditions of the cryptocurrency market being favorable, we will see the significant growth of ETH.
Note that the image shows the weekly chart.
ETH/BTC possible bounce entryAs BTC is ripping , altcoins are getting destroyed.
This is mainly because people are switching their altcoins into bitcoins in order to preserve their bitcoins. Bitcoin just went 70%+ in 1 week and destroyed altcoins there leaving them behind .
Above, i have provided possible targets to where altcoins can start bouncing.
Ethereum's bias remains positive.Ethereum - 24h expiry - We look to Buy at 1701 (stop at 1651)
Daily signals are mildly bullish.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
There is no clear indication that the upward move is coming to an end.
We look to buy dips.
50 4 hour EMA is at 1706.
Our profit targets will be 1821 and 1841
Resistance: 1800 / 1820 / 1843
Support: 1775 / 1750 / 1710
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.
Good Opportunity:ETH price hits a new high during the yearEthereum, from a technical point of view, the ETH short-term 4-hour market is under pressure below 1850. The market is currently falling below the MA20 moving average to stop the decline, and the low point of the decline is slowly rising. In the short-term, the market has not fallen below the 1740 first-line support. There are signs of successful top-bottom conversion. The daily market closed on March 18th with a long shadow line of negative K, the market is rising again today, currently showing a barefoot positive K, the current daily market has a slight adjustment signal, the daily line pays attention to the support of the 1740 range below, and the market If the entity falls below the high probability, it will drop down to the 1680 line. Overall, the current short-term market is supported by the strong pressure level of the 1740 line before stepping back, the market has formed a top-to-bottom conversion, and the daily line has a slight downward signal. At the same time, the market has already touched the 1800-1900 range. Strong selling pressure level, so the current operating idea is to wait for the market to adjust, mainly to go long at low levels.
In addition, if buyers can keep interest rates above US 1700, Ethereum (ETH) may continue to grow in the medium term.In this regard, the rise may continue to the key area of about US 2000.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
ETH SECURITY ISSUE ETH IN DANGER;!Eth is considered to be a strong project after Bitcoin recently Eth has been upgraded it was previously on Proof of Work now it has been upgraded to Proof of Stake. New York Attorney General Letitia accused Eth of having security issues, so the case will continue for now. The Shanghai update is going to happen in the month of March and people will have ETH stacks that have been stacked for years and there will be a selling pressure due to which Eth is expected to crash by 10-15%.