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Ethshort

Is ETH About to Breakout?The short and long of it is: Probably not. Current Situation: • Admittedly, ETH looks somewhat better than Bitcoin. However, if you are not long from the range lows, now is definitely not the time to long. • ETH has been in a range since May 8th. During the month of May ETH tried to break out of the range three times (including today) without success. • Common sense trading dictates that you short resistance and long support. • Do not let FOMO rule your decision-making process. Let PA show you if this breakout attempt is real. • If ETH breaks the range high (1886) and tests it as support, we can look for a long entry, for now ETH is a short opportunity. • Please read my linked idea about BTC, because a lot what I wrote there is also relevant for ETH. • Be carful with your SL placement. Not too tight, because ETH’s MM’s send nasty wicks up and down to stop traders before making a move. • It may be best to wait for the volatility of the weekly close before entering the trade. Depends on your confidence and trading style. • Look for a rejection candle and/or bearish Divergences before taking the trade. Trade Idea: • Entry: 1867. • SL: 1886. • Targets: TP1: 1757 (Previous low). TP2: 1735 (Range low). TP3: 1712 (0.5 fib). NFA. Feedback will be appreciated. Best wishes to all.
Short
by NewThoughtCrypto
ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) was marginally lower today, however, it managed to remain above the 1,800 level. Following a high of 1,887.71 on Thursday, ETH/USD declined to an intraday bottom at 1,846.23 earlier in the day. The move saw ethereum edge towards a key price floor at 1,830, however, bulls have so far resisted this collision. ETH has now fallen for a fourth straight day, with the catalyst being a failed break out of a ceiling at 1,930. the RSI is now at a reading of 51.54, after failing to move past its own resistance at 59.00. ETH has rebounded from its previous low and is now trading at 1,862.93. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) dropped below 1,900 in today’s session, as bulls retreated from a recent multi-week high. ETH/USD sunk to a bottom at 1,860.37 earlier in today’s session, which comes after a peak of 1,914.85 the day prior. the shift in momentum has led to ethereum moving away from a recent high of 1,928, which was the strongest point price had hit since May 8. Failure to move past a resistance level of 1,930 can be partially blamed for the change in direction. bears now seem to be set on taking the price to a support point at 1,830, with the RSI hunting for a floor of its own. The index is now tracking at 52.60, with the next visible floor potentially at 49.00. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
3
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) was relatively more stable during today's session, remaining above 1,900 for the majority of the day. Following a low of 1,879.08 on Tuesday, ETH/USD raced to an intraday high of 1,916.57, as the session matured. this move saw ethereum continue to track close to its strongest point since May 8. An upward crossover of the 10-day (red) and 25-day (blue) moving averages has already occurred, which could likely entice further bulls to reenter the market. In the event this happens, a ceiling at 1,930 will be one of the last points of resistance preventing a move above 2,000 Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
2
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- ethereum (ETH) also increased on Monday, climbing above the 1,900 level. ETH/USD jumped to an intraday high of $1,926.42 earlier in the day, following a low of $1,839.13 the day prior. This surge led to the world’s second-largest cryptocurrency hitting a three-week high. today’s surge came as the 10-day (red) moving average crossed over its 25-day (blue) counterpart. If this trend continues, there is a strong chance that ethereum could move closer to $2,000 in the upcoming week. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- ethereum (ETH) also moved higher on Saturday, remaining above the 1,800 level. Following a low of 1,810.37 on Friday, ETH/USD managed to hit an intraday high of 1,837.87 earlier in the day. This surge led to the world’s second-largest cryptocurrency breaking out of its recent ceiling of 1,830. as the day has progressed, earlier gains have somewhat fallen, with ETH now trading at 1,828.18. It appears that market uncertainty has also risen, as the RSI neared a ceiling of its own at the 49.00 mark. Price strength is now tracking at 48.75, and should it break out of this point, then there could be further highs from ETH this weekend. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
Can ETH skyrocket by breaching this level for an astounding 50% Guys, we're looking at a big move up ahead. Here's why it's likely to break this level: >Notice the Green boxed candle. It often signals a change of character (here in the upward trend), suggesting this level will be surpassed soon. >When a 10-day green candle closes above the level (R1), expect a 50% price increase. Set your stop loss at the light blue box. >Even if the price temporarily drops, lower time frames confirm a potential move to the DARK blue level. Keep a tight stop loss (above the R1) and aim for a 31% decline. Remember, your input is valuable in the comments. Let's discuss and share our thoughts. Good luck!
by UnknownUnicorn14930146
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) also declined for the second session in a row, falling below the 1,800 level in the process. After hitting a high of 1,817.97 ETH/USD reached a low of 1,763.37 today. The move dropped Ethereum from its own support point at 1,790, hitting a two-week low in the process. the earlier decline has eased somewhat, as the floor at 43.00 on the RSI has helped stop the bleeding. Despite the decline, the 10-day (red), and 25-day (blue) moving averages are now nearing a crossover, which could signal a price reversal. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
5
BTC ⛈️ ETH ⛈️ Will ADA Soar Despite the Storm? 🌩️🚀🤔Stormy weather ahead on the global crypto market. ⛈️ This translates into a very bearish market with some downside risk for cryptocurrencies like Bitcoin, Ethereum, Binance Coin, and Polkadot. The weather is, however, 🌴 tropical – very bullish with some upside potential – for Cardano today. Over a one-week horizon, ☁️ cloudy weather with some ☀️ sun is likely for Bitcoin, signaling a slightly bearish market with downside risk. The outlook is a bit brighter for Ethereum, Ripple, Cardano, and Dogecoin, where ATTMO signals a slightly bullish mood with 🚀 upside potential. Follow us to stay updated with more crypto weather insights and reports!🌩️⛅🌈
BITSTAMP:BTCUSDShort
by ATTMO
ETH SETUP"Support levels are indicated in green, from weakest to strongest at the bottom, and resistance levels are also indicated from weakest to strongest. You can enter buy and sell trades based on them." Please note that support and resistance levels are commonly used in technical analysis to identify potential levels at which the price of a financial instrument may reverse or encounter obstacles. Traders and analysts use these levels to make informed decisions about entering or exiting trades.
by smssms081
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- ethereum (ETH) Ethereum (ETH) climbed slightly higher on Monday as it bounced off key support points once again. After a low of 1,793.22 on Sunday, ETH/USD climbed to a peak of 1,820.25 at the start of the day. The drop saw Ethereum near its recent price bottom at the the1,790 though bulls used this as a signal to re-enter the market. Nevertheless, the earlier gains have been pared down to some extent, with the index currently trading near the all-time high of 46.00. For the momentum to accelerate fully, this resistance would need to be broken, which is unlikely to happen until a debt ceiling agreement is reached. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563