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ETH Correction Phase after Bear Rally: Is it Sustainable? I want to discuss Ethereum (ETH) and the possibility of a correction phase following its recent bear rally, with a new target of $2000. However, it is crucial to approach this potential development cautiously and consider the sustainability of any price changes. As many of you know, ETH has experienced a remarkable surge in value over the past few months, reaching unprecedented heights. This impressive rally has undoubtedly captured traders' attention seeking lucrative opportunities within the cryptocurrency space. However, it is essential to remember that markets are inherently volatile, and what goes up must eventually come down. While a correction phase may be imminent for ETH, assessing the sustainability of any potential price changes is essential. Market dynamics, investor sentiment, and external factors can all influence the direction of cryptocurrencies, making it difficult to predict their long-term behavior accurately. Therefore, it is crucial to exercise caution and approach the situation with a measured perspective. Considering the potential for a correction phase, evaluating your current positions in ETH may be prudent. Diversification is vital in any investment strategy, and adding a few positions in ETH could be careful. However, it is equally important to carefully manage risk and only allocate what you are comfortable with, as the market's unpredictability remains a significant factor. As always, I encourage you to conduct thorough research, stay updated with market news, and consult with trusted advisors before making any investment decisions. The cryptocurrency market is known for its volatility, and it is essential to remain vigilant and informed. In summary, while the possibility of a correction phase looms over ETH after its recent bear rally, it is crucial to approach the situation with caution. The sustainability of any price changes is uncertain, and it is essential to evaluate your current positions and consider diversification. Remember to manage risk prudently and make informed decisions based on reliable information.
BITSTAMP:ETHUSD
by bryandowningqln
important Trading Insight: Exercise Caution as Momentum FallsRecently, we have observed a notable trend in Ether's Relative Strength Index (RSI), which has consistently exceeded 60. This indicates an overbought condition, suggesting that the asset may be due for a correction or a period of consolidation. Coupled with this, the Moving Average Convergence Divergence (MACD) indicator has shown signs of profitability decline. Furthermore, it is crucial to pay attention to the presence of bullish wicks, which act as support and resistance levels on price charts. These wicks indicate potential reversals or temporary pauses in the prevailing trend. As traders, it is imperative to recognize and respect these levels when making trading decisions. Given these indicators, I encourage you to exercise caution and remain vigilant in your trading activities. It is crucial to reassess your risk management strategies and consider adjusting your positions accordingly. As momentum falls, it becomes increasingly important to focus on preserving capital and minimizing potential losses. While the cryptocurrency market can be highly dynamic and unpredictable, the risk of sudden price swings and market volatility increases during these moments of declining momentum. Therefore, I urge you to approach your trades cautiously and avoid making impulsive decisions based solely on short-term market movements. Remember, successful trading requires discipline, patience, and a well-thought-out strategy. Take the time to thoroughly analyze the market conditions, monitor key indicators, and consider the potential risks before executing any trades. In conclusion, as Ether's RSI surpasses 60, MACD profitability falls, and bullish wicks emerge on the charts, you must be cautious and exercise prudence in your trading decisions. By doing so, you can better protect your capital and navigate the market's uncertainties more effectively.
BITSTAMP:ETHUSD
by bryandowningqln
ETH Struggles at $1900 - A Cautious Approach is AdvisedToday, I wanted to bring your attention to the recent struggles faced by Ethereum (ETH), which currently stands at a price of $1900. While the crypto market remains highly volatile, it is crucial to approach such situations with caution and prudence. ETH has been facing significant challenges in maintaining its price at the $1900 level. This recent turbulence raises concerns about the short-term stability and potential downward pressure on Ethereum's value. As responsible traders, it is essential to evaluate the current market conditions and make informed decisions regarding our investment strategies. In light of these developments, I would like to encourage you to consider holding off on any immediate ETH investments or further purchases until we witness a clearer trend. By exercising patience and closely monitoring the market, we can mitigate potential risks and make more informed decisions about our crypto portfolios. As crypto traders, we understand the importance of staying updated and navigating the market wisely. Here are a few factors to consider before making any decisions regarding ETH: 1. Market Sentiment: Observe the sentiment of the crypto community, paying attention to expert opinions and market analysis. This will provide valuable insights into the overall market sentiment towards ETH. 2. Technical Analysis: Conduct thorough technical analysis, including examining key support and resistance levels, chart patterns, and indicators. This will help identify potential price movements and trends. 3. Fundamental Factors: Stay informed about any significant developments or news related to Ethereum, such as protocol upgrades, partnerships, or regulatory changes. These factors can significantly impact the price and future prospects of ETH. Remember, in times of uncertainty, it is crucial to prioritize risk management and protect our investments. By taking a cautious approach and carefully evaluating the market conditions, we can position ourselves for potential opportunities while minimizing potential losses. Collaboration and knowledge sharing can help us make more informed decisions and navigate the crypto market effectively. Hold off on ETH investments for now and closely monitor the market conditions before making any further decisions. Let's exercise patience, evaluate the market sentiment, conduct technical analysis, and stay informed about fundamental factors. By doing so, we can make more informed choices and protect our investments in the volatile crypto market.
OANDA:XAGUSD
by bryandowningqln
4
Is RSI over 50 something to be concerned about ETH? I am writing to express my concern about the current state of Ethereum (ETH). As you may know, ETH's Relative Strength Index (RSI) has recently gone over 50, indicating that the asset is in trouble. This is a worrying sign for anyone who has invested in ETH, as it suggests that the asset is losing momentum and may be headed for a downturn. As traders, we must pay attention to these signals and take action to protect our investments. I urge you to take this warning seriously and consider your options carefully. Whether you hold on to your ETH or sell it off, you must stay informed and ahead of the market. In these uncertain times, being vigilant and proactive in our trading strategies is more critical than ever. I encourage you to closely monitor ETH and take any necessary steps to protect your investments.
BITSTAMP:ETHUSD
by bryandowningqln
Ether RSI shows short term pop up I wanted to update you on the recent price movements of ETH/USD. Yesterday, the cryptocurrency reached a high of $1,761.96, but today it slipped to an intraday low of $1,727.75. Currently, it moved below a floor at $1,730. However, bulls have stabilized this support zone, with the RSI finding its floor at 38.00. Currently, the price strength is at 38.81, which is within the oversold region. This could potentially be a positive sign for those looking to buy low. Please let me know if you have any further questions in the comments.
BITSTAMP:ETHUSDLong
by bryandowningqln
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!
BITSTAMP:ETHUSDLong
by bryandowningqln
ETHUSDT - A lot of levels are waiting for correctionOn the trading chart, I believe that there should be a correction of this price in the range of the golden level Fibo. The correction will be accompanied by a zigzag form of Elliott waves (1-5) In order to open a position - wait for the LFT confirmation I am awaiting confirmation of my decision and plan to open a short position in the range I have shown If you want to know about more specific actions, then look in the description of my profile
Short
by JaegerB
ETH/USDT weekly Hi,we are on the weekly time frame for ETH/USDT as we see we are in a channel and the end of trend is going slowly but the biggest problem is hidden divergence or HD- on the RSI so can expect to have frome ETH to make a lower low to get a RD+ on the RSI and after that we can say the bullish market is starting, I have to say this HD- is clearly showing on BTC/USDT and many other big currencies chart so we can say the down trend is exist on weekly charts. this is just on of scenarios and can be failed so there is no advice to make decision on this analysis.
by hasantareh
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.
BITSTAMP:ETHUSDLong
by Short-term-king
Successfully won the rebound of Bitcoin,how's the future market?The operating idea given by Bitcoin yesterday was to go long near 21800, very accurately grasping the vicinity of the lowest point in the short-term, and got a relatively good rebound profit. On the fundamental level, after Powell's speech, the sharp rise in the US dollar will pose challenges to global non-US currencies and risky assets, suppressing their prices. On the technical side, after Bitcoin fell yesterday, it broke the extension line of the low point of the daily K-line, breaking the short-term strong trend and returning to the weak range. The short-term pattern is bearish, and the high point of the recent rebound of the daily line forms new resistance. Together with the short-term moving average, it suppresses the rising Bitcoin market, while the technical indicator MACD diverges downward, and the downward momentum is strong, and the overall still shows that the Bitcoin market is running short. So in terms of operation, Bitcoin can be shorted at the position of 22600, near the target position of 21900. BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:ETHUSDT INDEX:BTCUSD BITSTAMP:ETHUSD
BITSTAMP:BTCUSDShort
by Blessed_V
#ETH/USDT 1HR UPDATE !!Hello everyone welcome to this quick update on ETH. Earlier ETH broke above the cup and handle pattern and moved upside by 4% and got reversed from the $1220 price level. In the current scenario, ETH again trading on a support zone level of $1170 which looks like a strong support zone at this time frame, here we can buy some at the current price level and add more if it drops downside. MACD also printed a bullish signal with a bullish crossover between the bands. As we all know current market is way uncertain so if you are getting in the long with low capital and always buy partially for being on the safer side always. If Candle close below the lower support zone then it will be the invalidation and ETH’s entry at bearish mode. If you like my ideas then do support them with like and follow. Also, share your views in the comment section. Thank You!
by Domino_Crypto
4
ETH/USDT Elliott Wave count 2H TFEthereum may go up with an impulse to end an expended flat correction . Wave A that may form flat pattern is a zigzag with wave B a triangle Wave B that may form flat pattern is a zigzag also but with wave B a complex correction WXY. Also wave B it pass below starting point ot wave A. Wave C We have 2 waves (2 ABC) and now I think we have a wave 1 from an impulse Wave C that will form flat correction. Wave 2 from it may not be ended at the time I am writting this. What is important here is that the price break above 1300 to can say that wave 2 is finished and to have more confidence in this count. Below 1189 this count is invalidated. I will update this count when I will see more price action. If you like my analysis subscribe for future ideeas and updates and hit the like button. Thank you and good luck!
COINBASE:ETHUSDLong
by Cross10XSignals
4
ETHUSDT SEEMS BEARISH!!!Hello guys, this is my short update for free signal. I saw a dead cross line at RSI Indicator it means ETHUSDT has the possibility to go for the next support area at 2700 - 2800. But we need to keep in mind this signal only works IF BTCUSDT doesn't close above 43,000 on the daily chart. I could say ETHUSDT seems have low possibility to claim its 3100 area but, after all, it's still bearish. So here is the signal: ETHUSDT/SHORT ENTRY: 3035 - 3080 - 3100 TARGET: 2950 - 2900 - 2850 - 2800 LEV: 10x (1-3% margin) SL: BTCUSDT close above 43,000 in the daily chart / ETHUSDT price at least +-3350 HAPPY TRADE #BEWARE WITH THE SPIKE
Short
by nurmilham_
8
ETH/USDT UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider it as financial ETH looks good But in the shorter time frame. Entry range:- $1110-$1060 Target:- 40% SL:- $990 Lev:- 20x to 10x This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
Long
by CRYPTOMOJO_TA
1
BTC/USDT 2HR CHART UPDATE!!Hello, community members welcome to another BTC/USDT chart update. If you find this update helpful, shoot the like button follow and share your views in the comment section. As we can see in the above mentioned chart that BTC broke the lower green support zone and moved downside by 7.5% and bounced right from the upper level of the trend line. BTC printed quick green candles of 11% but got rejected from the blue MA again. IMO, BTC will lose some more % and can move down towards the price level of $17k in the upcoming days. Let’s see how BTC performs in the upcoming hours. NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. DO YOUR RESEARCH BEFORE MAKING ANY TRADES. Thank you.
by Domino_Crypto
BTC/USDT 1HR CHART UPDATE!!Hello, community members welcome to another BTC/USDT chart update. If you find this update helpful, shoot the like button follow and share your views in the comment section. As we can see in the above-mentioned chart the relier BTC was following the lower trend line well and was moving upside. At the price level of $21324 BTC broke below the lower trend line and currently retesting below, here some % of consolidation is likely before the weekly close, and BTC can drop down to the green support zone again which is $19500 to $ 19800 and quick bounce towards the price level of $22k - $24k. Let’s see how BTC performs in upcoming hours and how weekly. Candle closes. NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. DO YOUR RESEARCH BEFORE MAKING ANY TRADES. Thank you.
BITSTAMP:BTCUSD
by Domino_Crypto
ETHUSDT|1D Current situation analysisHello everyone and welcome to my new idea on ETHUSDT on 1D chart. As always do your DD. Be sure to like if you agree and follow my profile for more ideas. Few numbers to begin with 1. ETH Major support. We bounced out of it in a big fashion last time. Expected to hold if things go south again. 2.Deciding point on whether we go up or down, I expect we will see in 2 days at max. 3. Previous bullish trend break, followed by sideways trading until now 4. First resistance on the way up RSI is at about 50% which does not tell us much, MACD looks the same. ETH could really use some catalyst to bring the volume in. My expectation is that next 2 candles will decide on our next move, so I would wait with buying just yet. I remain very bullish in ETH, I keep accumulating more during these times. My realistic PT before EoY is 4800-5200, and 20.000 Eo22. Happy trading!
Long
by JohnRckr
#ETHUSDT Looks ready!Welcome to this quick setup! Already accumulated around $2900-$3000, ETH looks ready here. Broke the resistance into the support. Likely we will see $3400 soonish. Entry :- $2950 to $3120 Target:- $3300 to $3500 Stop Loss:- $2844 It will also push all the altcoins with it. What's your thought on this? Do you think ETH will pump from here? Or some correctio is still due? Do hit the like button if you liked these short updates. I'll be posting more if you want. It takes less time and effort. #PEACE
ELong
by Cryptorphic
2