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ETH decision point*log scale* ETHEREUM ran into major downtrendline resistance (red, see the picture below)... ...and then dropped to the support confluence (cyan area created by lime and white uptrendlines). We are approaching the apex of triangle📐 created by lime uptrendline and red major downtrendline so the decision point is coming. If the cyan area support doesn't hold, we could see price spilling to the yellow channel upper edge near 1300. On the other hand if there is break of the red major downtrenline to the upside, bulls are in charge. Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
BITSTAMP:ETHUSD
by bizmark
2
Ethereum step-by-step analysisHello everyone. In this analysis, I'd like to review several essential charts regarding Ethereum and discuss its potential future price action. The first chart is the one above, showing how ETHUSD formed a triple top that has now been broken. We don't know whether this is a proper SFP and will lead to lower prices; however, we need to be aware that it could. The market currently looks pretty strong, but the double bottom at 1000$ will most likely be broken at some point. Based on the main chart and the gaps above, there are several targets for ETH to test eventually. The area from 1300$ to 1500$ is considered resistance, with the most apparent target being 1425$. Personally prefer key breakdown levels that haven't been retested, as they usually end up being retested at some point and tend to act either as support or resistance. Gaps are also fascinating and can be seen as little magnets that tend to pull the price towards them, as they also tend to get filled at some point. On this occasion, I can see the first colossal gap being partially filled and then the price falling, with the gap at 2670 being the ultimate target in case the bottom is in or in case we get a massive bear market rally. Ethereum put in a very interesting bottom, as it swept the Jan 2021 lows and bounced at the 300 Weekly Moving average. The combination of the two is more than enough for the market to rally significantly. This was the first time it hit the 300 WMA, while Bitcoin has only touched it once during the March 2020 crash bottom. The market is currently chopping around the 200 WMA and somewhat looks like it is in accumulation mode. However, I don't believe the final bottom is in, and this is just a dead cat bounce. Now the question is how big the bounce will be, and the truth is that I have no idea. Something else worth noting is that ETH swept the Jan 2021 low when CME was closed, and the price tends to trade again at levels that it traded at when CME was closed. On CME, a triple bottom / pure double bottom has formed, something that is relatively bearish as the price could eventually break it. It looks like the market has no real support down to 430$, and the solid support starts from 250$ and goes up to 430$. As you can see on the chart above, 1420$ also happens to be the Jan 2017 ATH and the weekly close before the parabolic rally in Q1-Q2 2021. Based on this last chart, believing that the bottom is in, given how oversold the market got, makes a lot of sense. Essentially we got as oversold as we did back at the bottom of the 2018 bear market, after 11 straight red candles, with the Tom Demark indicator bottoming on a TD 9, an A13, and S13. Therefore it is no surprise that the market is bouncing here. Usually, after such a perfect combination of oversold signals, the price tends to go up or sideways for 1-4 candles; this time, it could do that for longer. For a very long time, I expected ETHBTC to retest 0.052, and it finally did so. Initially, it dipped slightly lower but quickly closed above it and has now even reclaimed the May-July 2021 lows. I can easily see this ratio going up to 0.066 to retest the critical breakdown zone and the Yearly Pivot. Afterward, I expect it to trade lower and head towards 0.04 and the original long-term trend. 0.04 could be seen as the neckline of a massive inverse head and shoulders pattern that broke to the upside in 2021, and the 200 WMA is right into that critical zone; therefore, a retest would make a lot of sense. At the moment, ETHBTC's trend is relatively neutral, and someone could claim that the range that started forming in May 2021 is bullish; however, I believe that it was more like distribution rather than re-accumulation. Ethereum's fundamentals are solid, yet this doesn't change the fact that it could head lower vs. BTC either because the market dumps hard or there is a catalyst that takes BTC higher.
COINBASE:ETHUSD
by BitcoinMacro
ETH at the crossroads❌Ethereum just dropped to strong support level 2780-2650. It's confluence of trendlines and market structure. Let's see if it holds. If not another support is 2050-1950. ETHBTC also at long-term uptrendline support. I rather expect bounce than breakdown. Check my other stuff in related ideas. Please like👍, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
BITSTAMP:ETHUSDLong
by bizmark
6
ETHUSDT, We should buy in these zoneHello everybody According to the chart and previous analysis, the trend of the movement price is upward and we are in correction but the market do the trader bored and this is exactly the market maker want to happen that the trader sell the portfolio of the coin and get out of the market. Be consicious guys dont sell your asset in these price and hold it the market can change this bored trend to attractive. The all of the market it depends to the Federal Reserve decision for the rate and after that they tell us what gonna do we can decision and market will do the exactly right way. In here we shown 2 buy zone area that the price can come and reach to them and after that it can be ready to move upwards from these zone. You can buy step by step in these zone and be careful guys dont panic sell and the important point is if the price break the key point level powerfully and can close candle below this level we should be worry that time because the trend can change to the downward and this one its not good for the market until there time everything is okey and there is no need to worry. Good Luck Abtin Previous analysis :
Long
by Abtin00
ETHUSD dancing on support.Will ETHER spring off support or fall off the cliff. This is a great question and I don't have a crystal ball, but I am watching for any weekly closes below the red support channel. If we close below it we could have some more red days ahead. I hope we spring off into October to new all time highs. Keep an on this chart and don't be afraid to take profits and stop losses. I will say the last 3 times we touched this line ETHER has had significant bounces of this trendline. Do you think it will do the same thing this time? Please follow if you like the conent and comment on what you think will happen. This is not financial advise and is for the sole purpose of education as I am not a financial advisor.
BITFINEX:ETHUSD
by bdfulker2
1
$ETH vs $BTCPublished this way back around 1400$ on twitter, but ETH is still following the BTC 2017 fractal. Off course the moves won't be the exact same, especially with black swan events like COVID, but I tried to illustrate this as simple as possible. What I'm expecting next: - 6k in September - 4k retest in October - 10k in November - 20k+ in February at the end of the bull market The numbers are a very vague estimate, but I believe ETH will continue to surprise everyone and simply follow 2017 BTC's path. FA checks out as well, but ETH staking/burning rising on a daily basis, NFT market booming, Metaverse on the up and coming. When ETH 2.0 is released fully, and everyone will get to dump their staked ETH, is when I expect ETH to crash hard. (this should be in Q1/Q2 2022 ethereum.org).
Long
by GACXBT
Does this Ethereum Fractal Suggest A Bullish Move Soon?I took a look at the Bitstamp ETHBTC chart and noticed that this current price action is almost identical to the one that played out in January of this year. As a matter of fact, we are at the very end of the fractal which suggests that next moves will be bullish. These are not always crystal balls, but patterns like to repeat themselves. Perhaps it's a glimpse of the future. Something to think about until we see how it plays out.
Long
by jpbrown1023
ETH switched a channel! Overall ETH and BTC are less bullish atm. we might see more downside. if you want to play it safe - open the 1W chart and wait for the next week to flip green (still 4.5 days to go). I think it is wiser, from risk management perspective to pick up ETH for the long term, after BTC flips 0.5 fib from resistance to support! This can be a failed rally and ppl will keep BTFDing all the way back to 30K. Unless you're 100% sure we are going to new ATH - be careful! It is always better to miss out of some future gains than losing capital! (for educational purposes, not financial advise)
by ROI_Crypto
ETHUSD ~ Overcooked, oversold, good chance to buy the dip.ETH is overcooked and oversold. RSI is over 80. ETH has overshot daily EMAs and almost looks parabolic. So? Buy the dip. If we're LUCKY we could see a 2021-capitulation-fib-0.382 retracement bounce. I doubt it will go there, but the 0.5 is more possible and a convergence of the daily 21EMA over the coming week is even more likely than that. I put bids on all these 3 levels. I dont have much more dry powder left but its all going in this last dip before we actually do go really parabolic. Look for a $6k to $12k ETH by end of year and I believe it will continue well into Q1/Q2-2022. There are too many things pumping ETH right now to even doubt its parabolic future: - NFTs (even though 99% of that is a bubble market that will pop and explode.....when people stop being insane and realize that JPGs and GIFs arent worth $millions even if they are "unique"....that is not what NFTs are meant for) - The actual implementation of EIP-1559 has not been priced in yet, we are seeing it priced in as we go, day by day. - DeFi boom 2.0 with institutional banks hopping over to DeFi to save themselves from being blockbustered. - Eventual development of REAL NFTs in utility cases like a complete disruption of energy, legal, education, gaming, healthcare, even national identity and other sectors - that is what NFTs were meant for (not stupid "artwork"). - ETH2.0 always on the horizon, and I am hopeful that it will finally come by Q1-2022, which would be a perfect storm to drive ETH parabolic into a blow off top by Q2 for this cycle to come to a close. - The fibonacci band-8 is the next band up, where all previous bull runs came to a close, and the current top of band-8 is RIGHT NOW around $17k....by 2022 we're looking at a possible $20k ETH if the cycle extends. Of course I am biased. I'm an ETH whale. This is still 100% what I see - both in TA and FA. I am more of a long-term investor, I do not day trade and only rarely trade for "fun" a few times a year. My bias is much more heavily into FA than TA. I will take some profits after 6k, 8k, 10k, and beyond. I will never sell more than 25% of my total ETH in each cycle. This is not financial advice.
KRAKEN:ETHUSDLong
by ezpi
2
ETH Testing Long-Term Sine Curve - Critical Resistance and TrendOver the long-term, ETH swings in a sine curve around a linear trend line on its log chart (the green line splitting through the middle of the wave). This line represents consistent, parabolic growth with substantial volatility. Today, ETH is testing this critical long-term trend line. If ETH breaks past the trend line upward, we're in for a swing up in a sine curve as impressive as the last bull market of 2017-2018. But if ETH cannot break through this resistance, the bull market may well fizzle out. I am trading cautiously under the assumption that ETH will break well past this trend line. But that assumption still needs to prove itself. Please do your own research and proceed cautiously. This analysis is educational only.
COINBASE:ETHUSDLong
by cy4rtrading
ETHUSD ~ Post capitulation movement & S/R zonesOverall review/thoughts on capitulation event: see linked ideas below ETH is right now in a very strong position. All charts (1h, 2h, 3h, 4h, 12h, D) are showing ETH regaining above EMA's quite well. As of RIGHT NOW, ETH is sitting on the FIB retracement AND a whole bunch of EMAs on all time-frames. I think ETH will be able to hold above this level, but if we do see it lose these supports, we will at least see ETH drop down to the next FIB level of this current zone. So if we are SUPER LUCKY we could fill some buy orders at the $2150 area. If you were lucky to buy a few days ago when it dumped down to $1700 zone, congrats! I dont think we will see ETH below this price again, possibly ever. ETH price floor set in @ $1732 which also coincides almost exactly on the dollar with the 0.236 FIB retracement for the full bullrun cycle since the last capitulation in march 2020. This is the longest term fib you can draw on the chart right now, and we literally hit the 0.236 retracement by -$9.55 and bounced back up above $2k. Sometimes the TA really does work to a T. Scroll to the left on my chart above to see that FIB level from the previous FIB retracement I drew on it. So - what do I expect to happen now? See my other posts below, but basically: we are in an accumulation phase where big money is buying BTC, ETH, ADA, LTC (surprisingly?), and even some BCH via OTC trades at about 500% normal volume. OTC is where big money buys crypto. It means we are making big orders (minimum order size $100k to $250k depending which OTC you are using) - and these orders are made directly to miners and suppliers. These orders do NOT hit the orderbooks on exchanges/swaps. Therefor these orders are NOT on the orderbook and do NOT directly affect the price. Yes this is how big money buys crypto. We dont want the price to go up, while we accumulate. That is what is happening right now. I have multiple OTC orders submitted right now, so I know how this works because this is how I buy my majors. (I buy altcoins normally like you do on exchanges, because I dont usually make $250k+ orders on alts). ETH should be ranging between 2150 low up to maximum 3k for at least a week or two, possibly a month. I think we will see resumption of the bullrun around end of june, early july. My TPs for end of bullrun are still above $10k for ETH, where I'll sell 10% of my ETH for this bullrun, convert that to stablecoins and get 12%APY yeild on it until I spend it to buy more in the next bear market. Ez as pi, my friends. HODL on, BUY if you can, and see you in a few....
KRAKEN:ETHUSDLong
by ezpi
2
ETHEREUM BULLS EYES ON 31 July EIP1159 UPDATEHello, I don't trade Ethereum but I hold some Ethereum in my portfolio. I don't post Ethereum analysis as it's not my fav coin due to fees issues and network congestion hard to trade a lot of swings. but today you gonna see me with Ethereum onwards, it is the time for what I was waiting for for years. ETH is heading towards where bitcoin is currently soon! Technicals : 1. Ascending Broadening Channel ETH Is going to break it in case of parabolic movement in June most probably. 2. PRICE is above the Daily moving average 20 Since Months which is a bullish sign 3. Ethereum Vol is kept on rising, big whales are not selling but accumulating. 4. The levels I share in the analysis for potential upward movements are based on pivots and Fibonacci levels. 5. RSI is currently sitting at the overbought zone which will cool down in the upcoming days and weeks BEST ENTRY 3000 AND 2800 for Ethereum for those who left out, just in case hold and ride it. Fundamentals : 31 JULY LONDON HARD FORK EIP159 Protocol Update. Cheers,
BITSTAMP:ETHUSDLong
by TheJohnSmith123