ETHUSD Market Analysis: Technical Indicators and Bearish SentimeAs of now, ETHUSD has dropped to $1,961, registering a daily decline of $94.9. Earlier, it exhibited robust upward momentum, surging past the $2,000 threshold. However, it has since experienced a pronounced downturn.
In terms of technical analysis, although the MACD doesn't clearly indicate a trend, its histogram has transitioned from positive to negative and is shrinking, suggesting that bullish strength is waning. The KDJ indicator, with a reading of 90, is in overbought territory. The 4 - hour candlestick chart reveals a substantial price drop relative to earlier levels. Even though the last candlestick is bullish, the overall market sentiment remains bearish.
Recently, trading volume has dwindled. The phenomenon of prices rising while volume falls indicates a significant weakening of upward momentum.
The market may be influenced by profit - taking from the previous rally, which has triggered a selling frenzy. Moreover, external factors like macroeconomic conditions and regulatory policies could also be at play. If key support levels, such as $1,874, fail to be reclaimed, bears are likely to retain their dominance. Investors should vigilantly monitor these support levels and prudently adjust their investment strategies.
ETHUSD
sell@1980-2000
tp:1900
buy@1850-1870
1930-1950
I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
Ethusdbuy
The Forecast of ETHUSD TrendETH is currently hovering around $1,900. There is obvious resistance at $1,920 above, and $1,870 below is a key support level. If it breaks through the resistance, it is expected to reach for $2,000; if it falls below the support, it may drop to $1,850.
ETHUSD
sell@1920-1940
buy@1850-1870
I have been engaged in the trading field for nine years.
Up to now, the profit I have made has exceeded one million US dollars.
If you want to obtain professional guidance on trading trend analysis, trading strategy formulation, and risk management, please click on my profile.
ETHUSD Investment Plan - 05/May/2024Hello Traders,
Hope you all are doing good!!
I expect ETHUSD to go Up after completing this correction.
Look for your BUY setups around the marked zone.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
ETHUSD / Long Trade Active ✅💡Hello Traders!
This is my idea for ETHUSD. I expect a bullish breakout as the price liquidates the old lows.
My expectation is to see the price to close the FVG and also to set a new PWH as we are in a bullish trend.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍ if you enjoy this idea! Also, share your ideas and charts in the comments section below! This is the best way to keep it relevant, support us, keep the content here free, and allow the idea to reach as many people as possible.
____________________________________
www.tradingview.com
ETH/USDT :: Everything is ready for a purchase !?ETH/USDT :::
The resistance line (orange line) has been broken and there is a possibility of returning to stabilize itself (price).
The middle line of the channel plays the role of the current resistance, so the possibility of corrective movements increases.
The price has had appropriate collisions in the channel, and the last collision occurred at the bottom of the channel, which determines the next destination in the upper range of the middle line .
<<<< Analyze simply with The_Best_Trader_1991 >>>>
$ETH BullMarket has BEGUN!Just like 2019 Ethereum started the Bullmarket ahead of bitcoin.
Today for the 1st time in over 1 year Ethereum passes all rules in the 2 day candle bull system.
Price above 20 MA and 10 EMA has crossed 20 EMA (so thats both)
StochRSI and MACD bullish momentum and much to grow.
Lets hope these are not fake outs!
The next week is telling
happy new year!
ETHUSD-BUY+Right now I feel we are oversold enough to venture to BUY ETHUSD, but noting I do not trade it for good reasons.
However, I look at different asset classes and will provide my feedback or opinion. I wish you best on this one.
The current state is over sold and I suspect it is BUY level currently $ 1,225-1,250 for correction back to $ 1,575 maximum before we will attempt the $ 1,000 mark.
Many longs out there. Just consider MSTR OMG a bubble to come...
ETHUSD Full Analysis , 2 Long Setups After 4h Closure Valid !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions