ETH Continues to Soar so It is Time to Trade Short Term!
I hope you have been enjoying the positive momentum ETH has been experiencing lately. It's been an exciting time for all of us, and I'm thrilled to see our favorite cryptocurrency continuing to soar!
As you all know, ETH has steadily risen, breaking new records and reaching new heights. It indicates that the market is bullish on ETH, and we expect to see more growth in the coming days.
So, what does this mean for us traders? First, it means that there's a fantastic opportunity to capitalize on the current trend and make some profits in the short term. The market is showing strong support for ETH, and this is the perfect time to enter a short-term trade.
I encourage you to take advantage of this opportunity and start trading ETH in the short term. With the positive momentum, we can expect to see some quick gains, and it's an excellent chance to maximize our returns.
Let's not miss out on this chance to make some profits and continue to ride the wave of success with ETH. So, prepare to trade and make the most of this bullish market.
Thank you for being a part of this community, and I wish you all happy trading!
Ethsignals
Ethereum- New test of 2100?Similar to Bitcoin, also in Eth case we have a double tap under 1800 and reversal but, unlike BtcUsd, here we have a break above the falling trend line that started back in the middle of April.
That being said, I'm bullish EthUsd and I expect gains in the future.
A drop and daily close under 1830 would negate this scenario.
Ethereum to extend its gains?Ethereum - 24h expiry - We look to Buy a break of 1926 (stop at 1876)
Short term momentum is bullish.
There is no clear indication that the upward move is coming to an end.
Short term indicators have turned positive.
We look for gains to be extended today.
A break of the recent high at 1925 should result in a further move higher.
Our profit targets will be 2046 and 2066
Resistance: 1925 / 1950 / 1975
Support: 1892 / 1860 / 1835
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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!
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.
Ethereum -> Wait For The Clean BreakHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Ethereum is once again retesting previous weekly structure exactly at the $1800 level which is now turned strong weekly support.
You can also see that the overall market structure and moving averages are still bullish, in my opinion the whole crypto market and especially Ethereum is ready for a bullrun, so I simply do expect more continuation towards the upside.
On the daily timeframe however you can see that daily market structure turned bearish with yesterday's break below support so I am now just waiting for a simple break back above the structure which is then turned support and then I do expect more 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 short setup Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
ETH in a scary spot!The chart explains it self.
Momentum is king, that's why my indicator is so good at seeing what channels that are being respected or not!
Make sure to look at the volume weighted MA's when price breaks out or down! It's going to tell you if there is a continuation
Quick TPI update for ETH
ETH is still in the ranging-bearish territory... Stay safe!
Since the 19th of april, the long-term TPI for ETH has fallen approx 75%! This is a bearish sign!
Momentum Channel Indicator is linked below
Bullish bias in ETHUSD as inverse head shoulder is evidentETHUSD in H4 will go bullish if it breaks neckline i.e 1940 of inverse Head and shoulder pattern . However, if it breaks the last LL i.e. 1790 it would go bearish though bullish bias is dominant as there is bullish divergence and bullish reversal pattern (inverse head and shoulder) on the chart. Plan your both buy/sell entry the break of above mentioned key levels.
ETH Upward Break Update ( 2 Scenarios )This is an update to my last Ethereum Post.
I was off a little on exactly when this was going to pop slightly but eventually did have an upward break!
Now we are faced with 2 scenarios that could happen.
Currently Ethereum is in an Upward Trending Channel on the 4hr chart and has recently tested the bottom of this channel.
Scenario 1:
Since price has already broken upward testing and failing at that key level I am looking for a strong retest and bounce back on the trend line.
This will determine whether it is going to break down or continue up and hopefully have enough power to go straight through this key level if the bulls really step in.
Looking back at Ethereum this key level seems to be a huge resistance level... If we can break this I am confident we will go to the Supply level or even the top of this channel!
Scenario 2:
Since we have already tested and failed this key level, price can go back down into this trend line failing a retest and is a clear bearish sign.
Once it does this it is possible for this to break below its support line and break down into the demand zone testing the bottom of this channel once again.
I will look for a retest on the support line once it has broken below then enter my trade.
As always trade safe and don't risk too much! Wait for confirmation!!!
ETH about to make a move: Get this sniper entry!It is very likely we go to the value area in the mid-term. ETH is trading a bit too high relative to where most liquidity is
Go down to the lower timeframe to get your good entries:
I linked my previous idea that explains the method
The three fib levels are the take profit targets.
Ethereum could test 2100 againAfter the recent high above 2.1k, EthUsd corrected and drop stopped exactly in 1800 horizontal support.
Yesterday's flash drop stopped again in this zone, suggesting the bullish are very strong here.
Now Eth is trading under 1930-1950 resistance zone and, as things are looking, we can expect a break up.
In such an instance, the next level to watch for is the resistance high above 2100.
I'm bullish as long as 1800 is intact