eth failed to break the resistanceETH failed to break the resistance, so it has two ways to go which I have shown on the chart with (1) and (2)
Ethshort
Do Engulfing Candles Work? 🤨Yes Engulfing Candles work but it depnds on the context. If are at either a Weekly, Daily or 4Hr level then I will have more confidence in my entry. If not then we may just be selling into momentum and getted rekt while price goes the other way and we weep as our ego suffers. We have a minor zone at 1880 but nothing more than that, at least considering what is relevant personally. However, we have had sustained bearish pressure on the higher TF's such as the Daily/Weekly and appear to be printing solid engulfing candles on those timeframes. 1 More day for the weekly candle to close. I can observe price potentially returning to the lows for more liquidity around 1840
and going into a range. If not then candlestick patterns dnt wrk and that's why we always stick to combining confluences, and considering context before entering after a candlestick pattern. Thinking more range before we see 1942 again.
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also started the week in the red, with prices hovering close to a key point of support.
Following a high of 1,888.19 on Sunday, ETH/USD slipped to an intraday low of 1,831.16 earlier in today’s session.
As a result of this move, ethereum fell close to its long-term price floor at 1,830, however, bulls have so far rejected a breakout.
One of the reasons that a break has yet to occur seems to be due to the RSI, which continues to trend above support at 44.00
Price strength is now tracking at 45.58, with a ceiling at 52.00 a potential target for bulls hopeful of recapturing the 1,900 mark.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Gemini to open derivatives platform Gemini Foundation in the USCryptocurrency exchange Gemini will open its derivatives platform Gemini Foundation outside of the United States, and its first product will be a BTC perpetual contract denominated in Gemini dollars (GUSD), followed by a GUSD-linked ETH perpetual contract. Unlike traditional derivatives, perpetual contracts have no expiration date.
Gemini Foundation will allow eligible clients to leverage their crypto assets for long or short crypto exposures to manage risk, generate returns and gain targeted exposure.
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) continued to trend lower on Saturday, as the world’s second-largest cryptocurrency dropped below 1,900.
Following a high of 1,926.30 on Friday, ETH/USD fell to an intraday low at 1,827.79 earlier in the day.
As a result of this move, ethereum started the weekend by declining to its weakest level since April 9.
Today’s price slippage also resulted in ETH briefly breaking out of an interim support point at 1,830.
Bulls swiftly reentered the market seemingly buying the dip, and this has resulted in ethereum now trading at 1,848.66.
Although there is likely to be further declines in the coming days, once this current red wave passes, there may be a significant reversal.
Hit the like button if you like it and share your charts in the comments section.
Thank you
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also edged lower, with price nearing a breakout below the 1,900 mark.
Two days after hitting a peak at 2,105, ETH/USD dropped to a low of 1,904.42 earlier in today’s session.
This decline has resulted in the world’s second-largest cryptocurrency now trading at its lowest level in eight days.
Overall, ethereum is trading nearly 10% lower than at the same time last week, when it rose above 2,000 for the first time since last May.
The RSI has also significantly dropped, with the index breaking out of a floor at the 53.00 level, and it is now at a reading of 49.46.
Should momentum continue to fall, bears will likely be targeting a point of support at 44.50.
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
Ether wipes out all gains from Shanghai upgradeEther ( (www.coindesk.com)ETH (www.coindesk.com)) (www.coindesk.com) dropped to as low as HKEX:1 ,833 Friday afternoon, its lowest price since April 9, CoinDesk data shows.
The second-largest cryptocurrency by market capitalization has now erased all price gains of its recent rally following the seamless implementation of the highly anticipated Shanghai (www.coindesk.com) (www.coindesk.com)upgrade (www.coindesk.com). (www.coindesk.com)
ETH has declined more than 13% from a Tuesday high of HKEX:2 ,118. It has fallen 5.3% over the past 24 hours as investors continue to weigh macroeconomic and crypto-industry focused uncertainties that have afflicted the wider digital asset market.
The April 12 hard fork, the last major step in the transformation of the Ethereum blockchain from a proof-of-work to more energy-efficient proof-of-stake protocol, enabled withdrawals (www.coindesk.com) of some HKEX:35 billion worth of tokens locked in staking contracts. ETH began spiking a day after the event and surged to its highest level in 11 months. It had been lingering below HKEX:2 ,000 for most of the past year.
ETH’s steady decline since Tuesday has come amid a wider price slump. Bitcoin was recently trading as low as about HKEX:27 ,200, down more than 3% over the past 24 hours and has tumbled more than 10% from a high Tuesday comfortably above HKEX:30 ,000.
Crypto markets have been showing weakness in the past few days as concerns around sticky inflation, stock market earnings and looming recession have dragged prices lower, Edward Moya, senior market analyst of foreign exchange market maker Oanda, said Thursday on CoinDesk TV.
ETH Short Called By The DVO Indicator! Looking at ETH on the 4h, we can see our DVO indicator called the short perfectly! The top short was called at 2120 which remains strong resistance followed by 1925 (support turned resistance).
Now it's currently bouncing off the next support of 1850. I'm closely watching the DVO indicator to see if it flashes a buy near support. If it does, that will be a strong buy signal. If we fail to bounce here, I'm looking at 1710 as the next strong support level.
If you have any questions about my indicators or want to purchase them, please send me a DM :)
I would also appreciate a boost if you'd like to see more content like this!
Website coming soon...
📈ETHUSDT Price correction scenario📉BINANCE:ETHUSDT
COINBASE:ETHUSD
Hey everyone, first take a look at my previous analysis and positions.
According to the recent growth of Ethereum and other altcoins, as well as the fall of Dominance below the level specified in the last idea, there is a possibility of price correction at the same time as the fall of Bitcoin.
Price divergences are marked on the chart
Don't forget to risk-free your position.
Consider the impact of the jobless claims on Thursday.
Please share ideas and leave a comment,
let me know what's your idea.
CrazyS✌
random eth setup planMy fibb "sharkfin" pattern.
1600$ ETH looks possible for sure, expecting bounce there.
Beacon Chain ETH Pledge APR (Annual Percentage Return) has reachThe current beacon chain ETH pledge APR (Annual Percentage Return) has reached 6.44%, a record high. The current number of ETH pledges is about 17,915,419, which is close to HKEX:35 billion at the current price, with 561,655 verifiers. Historical data shows that the APR of Ether ETH pledges generally stays around 4%, having previously broken 5% at the end of March.
short everything | $eth editionprepare for ze giga nuke.
btc pairs look particularly topped.
not to mention, when crypto twitter calls for alt season.. short everything under the sun.
TP1 1800
TP2 1600
it's over.
ETH(based on NEo wave)uptdaeNow its clear for me that what is the pattern, after this correction I think a strong impulse wave will happen.
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) slipped to a one-week low in today’s session, as traders attempted to find a point of support.
Following a high of 2,005.44 on Wednesday, ETH/USD dropped to a bottom at 1,928.58 earlier in the day.
As a result of this drop, ethereum fell to its weakest point since April 13, a day which saw ETH hover marginally above 1,900.
At the time of writing, ETH has rebounded, which appears to be due to its RSI bouncing from a floor at 52.00.
Ethereum is currently trading at 1,945.58, with the index at the 54.54 level, below an upcoming ceiling of 58.00.
If bulls were to take price strength to, or above, 58.00, there is a good chance that ETH will be back over the 2,000 level.
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
ETH - Who Wins This Battle? 🗡️What's up traders! In today's breakdown, we're taking a look at our favorite #2 crypto in Ethereum.
Let's dive right in...
Ticker: ETHUSD
Date: 04/19/23
Timeframe: 1H
Supply: 2044-2068 (1st red zone), 2116-2148 (2nd red zone)
Demand: 1924-1946 (1st green zone), 1826-1860 (2nd green zone)
Commentary:
Ethereum has created a big gap between these demand and supply levels. With Ethereum now pulled back down, this creates an opportunity for a healthier move upwards if we are to continue this rally.
We have just held demand at ~1920 earlier this morning and are attempting to hold it again. This level is a previous double top from a couple weeks and a week ago so it is an important level to look out for. We should not be shorting Ethereum until this level is broken to the downside.
With that being said, volume is currently accumulating on the downside so a break and retest of this level for further downside could well be a good play.
✅ Bullish Scenario 1: you want to see price hold this ~1920 demand, find strength to move upwards and possibly give us a retest of this demand zone for a possible move back into supply around 2050. This will be the safer upside play.
✅ Bullish Scenario 2: you want to see price hold this ~1920 demand, find strength, have volume build up to break the supply zone around ~2050, and then retest the ~2050 zone to possibly move into last week's high around ~2130.
🟥 Bearish Scenario 1: you want to see price break this ~1920 demand, retest, find weakness again and possibly move into last week's lows around ~1860.
🟥 Bearish Scenario 2: you want to see price find weakness again at ~2050 supply zone after holding this ~1920 demand for a move back into the ~1920 demand zone.
OKLink Shanghai upgrade special page displayOver 1.2 million ETHs have been unstaked in one week of the Ethereum Shanghai upgrade, and the amount unstaked in the past 24 hours has reached 142,900. The current number of validators is 542,366. The current pledge amount of ETH is 17.36 million, and the pledge rate is 14.41%
BinanceAccording to Lookonchain monitoring, 13 hours ago F2Pool co-founder Chun Wang (satofishi. ETH) withdrew 15,886 ETH (worth HKEX:33 million) and transferred 1,420 ETH (worth HKEX:3 million) to Coinan.
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was back above the 2,100 level in today’s session, as the token remains near an eleven-month high.
Following a low of 2,057.65 to start the week, ETH/USD raced to an intraday high of 2,109.58 earlier in the day.
Today’s peak is marginally lower than Sunday’s high of 2,142, which is the strongest point that ethereum has hit since last May.
this rebound took place as the RSI jumped from its own support point at 68.00.
As of writing, the index is now at the 70.24 mark, with a resistance point of 75.00 a possible destination.
Should it hit the mark, there is a good chance that ethereum could move over 2,200.
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
ETH ShortTargeting this short on ETH to sub 1400's
Current looks to be failing current highs and pushed into major resistance.
ETH Short OpportunityCrazy run up for ETH.
It might be a matter of time before we start a nasty selloff in my opinion.
A catalyst would be welcome for this BEARISH Scenario.
In terms of EW I'm counting this entire 5 waves up as a diagonal where wave 5> wave 3 > wave 1 (AKA expanding diagonal)
