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Ethusdanalysis

ETH - Up or Down Post Dencun Upgrade?The highly awaited implementation of Ethereum’s Dencun upgrade just happened. It will not only drastically cut the Ethereum blockchain’s transaction costs (gas fees), but also optimize data storage. Read more about the upgrade’s positive implications for users, developers and the Ethereum ecosystem as a whole here. The price of Ether rose 0.8 percent to $4,058 over the past 24 hours. The bullish sun continues to shine over large parts of the global crypto market, including Bitcoin and Ether, in the next 24 hours and week. This signals further upside potential, according to ATTMO. Avalanche bucks this positive trend and will face bearish clouds or downside risks in the 24 hours ahead. Follow us for more crypto news and weather reports!
BITSTAMP:ETHUSDLong
by ATTMO
3
ETH → What to expect?In Ethereum (ETH) trading, we have reached the global "OB" point on the monthly timeframe, marking it as our primary area of interest (POI) to begin analysis and strategy formation. In addition, there has been a noticeable accumulation of liquidity from lower levels, indicating a potential decline to the 1-hour FVG (fair value gap) followed by directional development. In such scenarios, it is extremely important to seek confirmation before making trading decisions. Bitcoin's current ATH (all-time high) could lead to a period of consolidation, possibly followed by a rally in altcoins. We continue to closely monitor the market, anticipating potential declines and aiming to achieve our initial targets.
BITSTAMP:ETHUSDShort
by truepersonal
2
One day Ethereum OutlookThe candle of Ethereum bottomed out on the lower ballinger band, making ways for the price to increase. The Relative Strength Index looks good as ETH RSI has bottomed out as well, which is a bullish momentum. The only confirmation we need is the MACD line to cross above the signal line. Looking at the volume of Ethereum, selling pressure is decreasing. Whales ETH are also accumulating, so this is also a good news. Here is the article for that: cryptofortress.app THIS IS NOT FINANCIAL ADVICE. ALWAYS DO YOUR OWN RESEARCH.
BITSTAMP:ETHUSDLong
by brandonreymejia
ETHUSDT.1DBased on the given market data for ETH (Ethereum), the current price is at $3909.0 which is slightly below the 4-hour Bollinger Band (Bb4h) of $3997.0 and the 7-day Bollinger Band (Bb7d) of $3910.0. This suggests that the price is not overextended and there could be potential for upward movement. The Relative Strength Index (RSI) values indicate that ETH is in neither overbought nor oversold territory. The 4-hour RSI is at 56.73, the daily RSI at 85.51, and the 7-day RSI at 83.92. Generally, a RSI above 70 is considered overbought, while a RSI below 30 is considered oversold. The daily and 7-day RSIs are quite high, suggesting bullish momentum, but also nearing overbought territory which could potentially lead to a pullback. The Moving Average Convergence Divergence (MACD) on the 4-hour, 1-day, and 7-day charts are all positive, indicating a bullish trend. However, the high values, especially on the 1-day and 7-day charts, might suggest that the market is over-extended and could see a correction. Looking at the support and resistance levels, the closest support level on the 4-hour chart is at $3737.0 and the nearest resistance is at $4029.0. If the price breaks above this resistance, the next targets would be $4150.0 and $4448.0. If it falls, it could find support at $3737.0, $3381.0, or $3120.0. On the daily chart, the closest support is at $3404.0 and resistance is at $4317.0. On the 7-day chart, the closest support is at $2482.0 and resistance is at $4040.0. These levels can be used to set stop-loss and take-profit points. In conclusion, the technical analysis suggests that ETH is currently in a bullish trend, but nearing overbought conditions. This could mean potential for more upward movement, but also risk of a pullback. As always, it's important to consider other factors and use risk management strategies when trading.
Long
by MarsSignals
1
Do you believe that Ethereum - 1 ETH can cost $28k ?Here is our global vision of possible the Ethereum price movement in the coming years. On the chart, assumptions according to the Elliot wave analysis The current wave of growth is probably not over yet. But whether it will reach $3000 or $4800, we will be able to adjust it based on the move dynamics of the ETH price in the future. Then will be the correction, which will need to be calculated more accurately based on the maximum of the current growth wave, will be made. But roughly speaking, in 2024, the ETHUSD price should no longer fall below $2000-2500. Years have passed, and now we can say with certainty that Ethereum has the status of a stable "silver" in the crypto market. (all direct competitors from 2015-2017, such as LTC, DASH, BCH, etc. who were predicted to have this status in certain periods, have clearly deflated and failed to meet the expectations of crypto users) Therefore, it is no longer correct to dream of super growth for the price of ETHUSDT, but modest x10-x15 for a possible future 2-year growth cycle, why not?) What do you think about this wave analysis and are you ready to hold and sell your ETH in the range of $27000-28000 ?) Write in the comments _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
18
ETHUSD BUYING FOR A NEW ATH HIGHER!!!HELLO FRIENDS As I can see ETHUSD just tested a strong resistance level near 4K$ and now we expected more upside moves in coming days we are buying more Ethereum from buying zone till that level now we enter for sell from last HIGH Friends as all of knows it's just the begging of BULL run many new billionaires are joining the crypto not only peoples governments are involve in it now and as we all had saw a big move to ATH on BTC is indicating that more greed is coming after this halving friends it's just a trade idea on the base of technical and fundamental view kindly share Ur thoughts with us it helps many other traders. Stay Tuned!!! for more updates
Long
by APEX_TRADING_ACADMEY
ETH to $4,000 Before Dencun Upgrade? ☀️☀️☀️The price of Ether rose 1.2 percent to $3,854 over the past 24 hours ahead of the implementation of its Dencun upgrade next week. This upgrade will slash Ether’s transaction fees (also known as gas fees) which currently are at the highest level since May last year.  Separately, the SEC is seeking comments on BlackRock and Fidelity’s spot ETH ETF applications, notably asking whether Ether’s proof of stake mechanism and concentration of control raise concerns about potential fraud and price manipulation. Interested third parties have 35 days to file their comments. “I think it is inevitable Ether is next,” the co-founder and co-CEO of HANetf Hector McNeil told cryptonews. “If Bitcoin can be approved and meets all the liquidity and asset class thresholds then Ether qualifies.” A bullish sun continues to shine over Bitcoin and Ether in the next 24 hours and week, signaling additional upside potential. Litecoin, Binance Coin, Polygon and Uniswap should also benefit from this positive trading trend, ATTMO shows. Dogecoin, Avalanche and Polkadot face bearish clouds and downside risks over the next 24 hours but should profit from the bullish sun over the longer one-week horizon. The opposite is expected for Ripple’s XRP and Cardano, where there is upside potential in the short term and downside risks in a week’s time. Follow us for more crypto news and weather reports!
BITSTAMP:ETHUSDLong
by ATTMO
1
ETHUSDT.1DBased on the given market data, ETH (Ethereum) is currently priced at $3469 against USDT (Tether). The 4-hour chart shows an RSI (Relative Strength Index) of 3564, which is significantly above the overbought threshold of 70, suggesting a potential price correction in the near term. The MACD (Moving Average Convergence Divergence) value is positive, indicating bullish momentum. The price is also above the Bollinger Band's middle line, further confirming the bullish trend. The immediate support levels on the 4-hour chart are $3076, $2860, and $2757, while the resistance levels are $3555, $3723, and $4170. If the price breaks past the immediate resistance, we could see a rally towards the higher resistance levels. However, if the price falls below the immediate support, it could trigger a sell-off towards the lower support levels. The daily and weekly charts also show bullish trends with high RSI values of 89.84 and 81.91 respectively, and positive MACD values. The immediate support and resistance levels on these charts are also higher than the current price, indicating a potential upward price movement. However, it's worth noting that the extremely high RSI values on all charts suggest that the asset is overbought and could be due for a correction. Investors should be cautious and consider taking profits or setting stop-loss orders to protect against a potential price drop. In conclusion, the technical analysis suggests a bullish trend for ETH in the short term, but with potential for a correction due to overbought conditions. As always, it's important to combine technical analysis with other market indicators and news events, and to consider your personal risk tolerance and investment goals before making investment decisions.
by MarsSignals
1