Ethusdforecast
ETH/USD. LONGEthereum rallies to $2,800 high
ETH/USD consolidates above the $2,600 support.
ETH/USD has broken out of the range-bound movement as bulls resume upside momentum. The biggest altcoin was previously fluctuating between $2,205 and $2,600 but it is out of the range-bound move. Ether is expected to rise to the upside. After the recent retracement, Ether is consolidating above the $2,600 support for a possible upward move.
EthUsd approaching sell zoneAs it was normal, after reaching 2200, EthUsd has started to correct higher.
At the moment of writing, Ethereum is at 2700, exactly at last week's high, and is entering my sell zone
This resistance extends to 2950-3000 and a new dive is probable in the next days.
I still expect a visit to 1800 and only if I see sustained buying above 3k I will change my bearish opinion.
ETHUSDT - Diamond Pattern!!ETHUSDT (4h Chart) Technical analysis
ETHUSDT (4h Chart) Currently trading at $2543
Buy level: Above $2560
Stop loss: Below $2289
Target 1: $2720
Target 2: $2925
Target 3: $3180
Target 4: $3400
Max Leverage 3x
Always keep Stop loss
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Ethereum to break supportAs in Bitcoin's case, bulls don't have reasons to be happy at all...
After the recent drop under 3k, Eth started to correct, but this rally was short-lived and very well capped at 3.4k. A double top has formed here and now we are sitting exactly on the neckline's support. A break here looks imminent and the cryptocurrency can accelerate losses to 3k again
Also, a continuation to the downside will confirm that a lower high is in place and EthUsd can drop to very important 2750 support
Sell rallies can be a winning strategy for this crypto and only price above 3400 would negate this scenario.
Ethereum can rise to 3650After a short-lived dip under 3k figure, EthUsd has started to rise and has regained pretty quickly 10% of its value.
This correction could continue for Ethereum and we can see it challenge 3650 important resistance.
I'm bullish as long as 3k is intact and I will look to buy dips in search of a good R: R ratio.