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Ethusdanalysis

Shanghai upgrade: to the moon or not?Ethereum is an amazing project: the team's ability to stay on the road map and stick to the original plans has always been impressive. Even this one thing makes you stay bullish on $ETH in the long run. Earlier we posted idea about the Shanghai upgrade and we predicted local growth until March. Now let's check things out in a current situation First of all, we should understand that long-term theses are only good in a bull market, or when most participants are also thinking in the long term. That's why we shouldn't expect a crazy rise right after the Shanghai upgrade. The Shanghai Upgrade is scheduled to be implemented on the Sepolia test network on February 28, 2023 . Tentatively Shanghai should be released on mainnet a few months after Sepolia (July-August) Let’s remember that the main feature of the Shanghai Upgrade for the user will be the ability to output steak ETH. Here’s some statements why you shouldn’t wait for ‘to the moon’ right after the upgrade: Some of the users who have entered at the price of ETH below the current one may want to take profit Some of the users who have entered at the prices equal to the current one, may want to secure their positions and fix the token stack they have forged Some users who have entered at the prices higher than the current one may want to take their losses back Thanks for reading, share your point of view about ETH and stay with us!
by Samura0x
12
Represents A Significant Price LevelEthereum (ETH) price is struggling to consolidate above $1,700. This Monday, February 20, is the fifth consecutive day that Etherum has passed that level, but in the previous days it has not been able to close above said price. As of this writing, ETH is trading at just $1,708, on TradingView records . The highest level in recent days was recorded on February 16, when it reached $1,742 per unit . However, on that occasion the daily candle closed in the red, below $1,640 . The same has happened on the other days, with ETH being unable to stay above the $1,700 barrier at the end of the day. At the moment, he is achieving it this Monday. That price mark is an important barrier, taking into account that that level was lost 5 months ago. On September 13, its price fell from there to not return, until a few days ago. As it was reported by the end of January ETH had managed to consolidate a new price level above $1,500 . In addition, various bullish signs already supported the rise of the cryptocurrency from that moment. So far this year, the entire cryptocurrency market has been bullish and very promising. In addition to ETH, bitcoin has risen almost 50% this 2023 and went to its best price in 6 months. In addition, there are already at least 30 cryptocurrencies in the top 100 that have doubled in price today. A list that was barely 17 coins a few days ago. In that list there are even some outstanding trends, such as the case of cryptocurrencies related to artificial intelligence or Stacks case and its relationship with the NFT Ordinals in Bitcoin.
BITSTAMP:ETHUSD
by rubikkav
Ethereum -> More Upside PotentialHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe Ethereum just recently broke out of a very clear triangle formation and since then already had a pump of about 30% towards the upside. We have the next clear resistance area coming in at $2000 so I do expect the market to have a bullish move into the zone before finding short term resistance there. On the daily timeframe I am just waiting for the market to break above the previous resistance zone which we are currently testing once again, and after the break I definitely think the market will finally retest the $2000 area. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Long
by basictradingtv
35
ETHUSDT Wycokoff Accumulation with Elliott Wave dynamicsIf you look at the recent accumulation phase, you can see that we are now in Phase D. Today we had the “test”, where we seen a sudden dump followed by fast pump. This should signal that we are ready to move up. The Elliott Wave was followed almost perfectly. Towards point A there was 1,3,5 impulse and at the time of writing this we completed ABC correction. If all goes well we should be going up to the next C price point. Note: BTC and Eth are trading almost identical right now.
Long
by aialchemist
3
Ethereum to break back on positive track?Ethereum - 24h expiry - We look to Buy a break of 1553 (stop at 1513) We are trading at oversold extremes. A higher correction is expected. A break of the recent high at 1552 should result in a further move higher. Expect trading to remain mixed and volatile. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Our profit targets will be 1653 and 1673 Resistance: 1530 / 1552 / 1580 Support: 1505 / 1493 / 1440 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:ETHUSDLong
by VantageMarkets
ETH LOOKING UGLYETH looks ugly, no clear bms to the upside on the daily and really imo hangs in the balence as to what btc does next, as in video ive disscussed the low at 1481, if we see a break and candle close below well mostly likly see a retracment to the upside up to the imbalence and ob at 1615 as ive highlighted on the daily. If btc rallies and pushes towards 25 then the whole market will see a further run higher and what we are seeing on the weekly is a higher timeframe swing low and we can expect a push through 1700 towards 2500, what well see is a wick below our BMS and a candle close above giving us a bullish SFP Eth is more risky to long here BUT fortune favours the brave, postions yourselves as suits yourself.
KRAKEN:ETHUSD
by Marketperceptions00
1
Ethereum -> The Last Chance For BullsHello Traders, welcome to this free and educational multi-timeframe technical analysis . Ethereum just recently broke above a very clear weekly and daily downtrend line and immediately had an agressive pump of about 45% towards the upside, showing that there is definitely some buying pressure in the marekt. From a weekly timeframe the market then tested previous weekly resistance and already rejected the zone quite nicely towards the downside, so I am now just waiting for bullish price-action before I do expect the continuation towards the upside. From a daily timeframe we are still sitting at a previous support zone, which is the last support area before the market will make another 10% drop towards the downside so I am now just waiting to see if bulls can actually defend this support zone. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Long
by basictradingtv
31
Ethereum ETH price wondering where to go nextThe ETHUSDT price has begun its correction, along with the entire crypto market. But in fact, it has held up better than the BTCUSDT price, and has not yet updated the lows of late January. By the way, at the beginning of the week, we published a fractal on the BTCUSDT chart, and it is working out quite well. Now the whole world is waiting for February 14: couples in love to celebrate Valentine's Day, and traders in financial assets to wait for the US CPI to be released. If the inflation rate is lower than expected, it is very likely that the growth trend will continue. If the inflation rate is equal to or higher than forecast, financial markets and especially cryptocurrencies will continue to correct downward. For the ETH price, the ideal correction for continued growth is in the range of $1400-1420 Critical correction to $1340, below that, there could be trouble. What are your expectations for the further movement of the ETHUSD price? Write in the comments _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
34
March is the most important period for crypto in 2023!Despite recession forecasts and the FED's cautious stance, the markets have risen since the beginning of the year. Many analysts argue that the market is not rational, that all statistical indicators point to a bear market, and that a difficult series of declines and disappointments lies ahead The market participants are now divided into two teams: 1. The bull team argues that the bottom has already been reached and that growth will be gradual. 2. The bear team argues that the current rally is only temporary and that we are yet to reach the true bottom. So, there are two opposing positions, but the truth is probably in the middle. 1. We will undoubtedly experience steady growth, but not in an instant and most likely not now. The catalyst for growth will be mass adoption and products from the new paradigm; however, such products are still in the early to mid-development stages, and the market has not been completely cleansed of contamination: Luna, 3AC, FTX. The good news is that the market largely ignored Genesis' bankruptcy and the threat posed by its parent company, DCG. 2. We are unlikely to see a -50% drop in BTC/ETH in a single day, as we did in 2014-2017. However, in a very negative market, the price of BTC could reach $10-11 thousand and $700-800 for ETH. The only thing that matters is that we will essentially see such a scenario in two instances. 1) Binance/Coinbase bankruptcy and/or 2) regulators' prohibition of any type of crypto activity. Judging by the current state of affairs and the way the market in general ignores negative FED forecasts and the bankruptcy of one of the leading companies, it can only be shaken and have a panic sell if something falls where most of the remaining market users' deposits are located, and there are not many participants in this list. March can be considered as the projected key month in 2023 1. FED returns from pause – new key rate adjustments and macro data 2. Mt.Gox end of registration of refunds – the volume and timing of the execution are determined by market participants' potential estimates of the pressure on the price of BTC exerted by affected Mt.Gox users. Payouts will be made in the amount of lost BTC at the current rate. 3. Shanghai Upgrade on Ethereum – an opportunity to take ETH off the steak and risk that those who bought cheaper or more expensive will want to lock in profits or recoup some losses. 4. FTX hearing – final report on FTX debt to user Most likely, March will provide the general direction of the market in 2023, and while anything unexpected that occurs during the year will be a variance, the overall trend will remain the same. What do you think about the nearest crypto market future and what we likely to see with BTC and ETH? Share your thoughts in a comments section, check links in our bio and follow us for more relevant info! Thanks for reading
by Samura0x
2