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Ethreumusd

Panic Sell Is Over! Ethereum ETH Will Reach $6000!Hello, Skyrexians! Last couple of days were difficult for all crypto bulls. While Bitcoin suddenly dropped to GETTEX:92K altcoins bleed much more because of BTC Dominance pump. The main altcoin BINANCE:ETHUSDT lost more than 20% and caused a huge panic. Yesterday's candle closed promising, but if this nightmare is over or our portfolios continue melting in the upcoming days? Let's take a look at the daily time frame. Here we can see the clear Elliott wave structure. Large wave 1 has been finished with the red dot at the top and after that we have seen this dump in the wave 2. You can tell me that wave 2 is the very ugly, but this is the specific shape of irregular ABC. This drop has been stopped exactly at 0.5 Fibonacci. Moreover we have seen the green dot on Bullish/Bearish Reversal Bar Indicator . As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView . For me it's very strong confirmation that correction is over and wave 3 is about to happen. Wave 3 has the target at 1.61 Fibonacci level equals $6200. See you there! Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Long
by Skyrexio
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ETH settles above $1,800 ahead of the upswing toward $3,000 Ethereum leads the altcoin season after jumping above $1,800 to trade a new record high. Investors speculate that Ethereum will rally to $2,000 in the near term before completing the leg up to $3,000. ETH will correct if the support at $1,800 fails to hold. Ethereum is currently holding above $1,800 after extending the bullish leg from the short term support at $1,700. The flagship altcoin has been consistent in its recovery since January despite the frequent minor retracements. It is essential to realize that bull markets also come with their fair share of corrections. Nonetheless, the general trend has remained upwards, with Ether eying $2,000 in the short-term and $3,000 in the medium term. A comprehensive glance at the 4-hour chart hints at the cryptoasset holding onto the bullish impulse a while longer. For instance, Ethereum is trading above all the applied moving averages, including the 50 Simple Moving Average, the 100 SMA, and the 200 SMA. The gap made by the 50 SMA above the other two moving averages suggests that ETH is generally in the hands of the bulls. Simultaneously, the Moving Average Convergence Divergence (MACD) reinforces the bullish outlook. Note that the MACD line (blue) recently crossed above the signal line. If the divergence between the two lines expands, we can expect Ether to rally toward $2,000 in the short term. Similarly, closing the day above $1,800 would keep the investor interest high. The remaining journey to $2,000 and later to $3,000 will ride on increased uptake of the pioneer smart contract token. On the other hand, declines will come into play if the immediate support at $1,800 is lost. Ethereum will start a hunt for higher support, preferably at $1,700. However, if the bearish leg becomes more robust, the 50 SMA currently at $1,635 and the 100 SMA holding at $1,500 will come to the bulls’ rescue. Intraday levels Spot rate: $1,787 Relative change: 15 Percentage change: 0.9% Trend: Short term bearish Volatility: Low
COINBASE:ETHUSDLong
by CoinGape
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