Ethereum- Sell for a break of supportSince the recent 4k top, EthUsd is in a downtrend
In the last 10 days, the cryptocurrency has traded in a range between 3200 and 2750, and, in my opinion, the break will be to the downside.
3200 acts like strong resistance at this point and only price above this figure would mean that the trend has changed
My targets for short selling are 2750 followed by 2300 zone
Ethusdforecast
ETHUSD IdeaG'day, The Next Crypto Millionaire
Today I am gonna analyse ETHUSD (Ethereum).
Based on current market conditions, its clearly showing that an uptrend rally formed after completing the correction market structure. The yellow box I personally, considered as a Critical zone for market direction confirmations, either price actions direction will be fulfilled.
For now, I am expecting price heading for swap zone/supply zone before big traders conducting profit-taking. This is normally happening for day traders taking profit on every position, pushing the price for consolidations structure before continuing rally by targeting previous high.
From a fundamental perspective, I am expecting ETHUSD to reach the $5000/ETH price tag. This prediction is based on upcoming ETH 2.0 blockchains implementations to reduce the transaction fee which is also known as Gas Fee / Network Fee. Which is currently, too expensive for traders specially Staker Investor.
Let's see what gonna happens next. Stay Tune...
ETHUSD IdeaG'day Guys
Today we gonna analyse No 2 Crypto that currently receive a huge market transaction every day.
Based on an analysis of technical and fundamental current market conditions, I am seeing this pair entering the consolidation phase. I predicted ETH retracing entering on 50% Fibo levels around 2600 / ETH. From here we clearly gonna see the market structure completed before continuing the uptrend rally.
This movement might be happening within Sept & October depending on the new release from ETH founder that possible pushing this pair as high as 5000 / ETH. What we gonna do here is, shorting this pair with minimum Stop Loss with 1:5 risk and reward.
Always trade with risk management, I believe everyone knows Crypto world market movement has huge different with others instrument. High volatility market is High risk with Huge Return. Low Risk Low Return.
Let's see what happens next.. Cheers
ETHUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
ETH looking at minor pullback before shooting back upFinally Crypto good days are back.
ETH is also looking good on a 2H chart. It is moving in an upward channel and on the short term it is currently going through minor pull back.
I have highlighted the area of value which could be a good option to go LONG.
It will need to break current Resistance at 3189 before continuing its journey up.
Another ETHEREUM AnalysisAll signs point to 20k
I know it sounds ridiculous, but consider it.
Pull a 2017 Bitcoin.
ETHUSD's first bull run pushed it up 23000%
Assume this occurs again
This places the price at just above 20k
With structural similarities, volume rising, and beautiful fundamentals. I wouldn't doubt it.
ETHBTC is displaying dangerously bullish signs with the current bullflag formed
It wants to form a channel from this recently acquired bull trend, which I have shown (parallel channel)
For this channel to form a large upward move would be needed, which I have plotted (bars pattern)
Putting ETHBTC at .25 briefly
With BTC also rallying to possibly (80 - 100k)
The price of one Ether would be 20k
Attached are my other popular analyses that also point to this
Ethereum- Is 1720-1750 zone strong support? Dream on!EthUsd has dropped again to support zone, and a lot are asking if this support is strong and if Ethereum will turn from here?
In my opinion, as in other crypto coins cases, for support to hold it would be too damn simple, and, to be honest, I expect a steep drop under.
Rallies above 1800 should be considered good opportunities for sellers and the next 1400 support could be the target
Ethereum- 2050 is strong resistance at this momentLike all the crypto market, Ethereum is not feeling well either
All rallies are clearly sold and EthUsd is pressing on 1800 zone support
A new wave of selling could clear this support and Eth could drop even to 1400 zone
2050 is strong resistance now and only the price back above this zone would take the pressure from the selling side
ETHUSD. A POSSIBLE SWING TO $2600This pair has just been there, not doing the most. It trends one day and ranges the next.
A key point to note is that now, price sits on a strong daily support area.
We can clearly see rejections in this area, and we just need to see this current higher low to be firmly established on the lower time frames (H1, M30).
Once that happens, we could see more upside swings to the area of $2600.
💡Don't miss the great buy opportunity in ETHUSD @ethereum
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1900).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 58.
Take Profits:
TP1= @ 2136
TP2= @ 2283
TP3= @ 2460
TP4= @ 2637
TP5= @ 2894
SL= Break below S2
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ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in ETHUSD @ethereum
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1900).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 58.
Take Profits:
TP1= @ 2136
TP2= @ 2283
TP3= @ 2460
TP4= @ 2637
TP5= @ 2894
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️