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Ethusdidea

ETH Tp Sl AnalysisWhen we look at all cryptocurrencies in general, almost all of them draw the same graph. Because the analysis of other cryptocurrencies independent of Btc will not give a very accurate result. Considering that other cryptocurrencies move synchronously with btc, it is natural for the charts to resemble each other. In fact, analyzing eth vs is nothing but analyzing btc. If we talk about eth now, we can think that the fib 1.13 level will be a strong resistance on the chart. If this zone is exceeded, it is likely to face a selling reaction from nearby levels. When we try to detect this with fibonacci, we encounter a price like 1430 dollars. He will most likely a pull back from here. I think this price is available to day traders. I believe that the actual pull back will be at $1700 and above. Based on my measurement, I expect fibonacci to accumulation between 2,618 and 3,618. To me, the real sales response will come from these levels. For $1700 and above, you can make a quick measurement and decision using simple indicators like rsi. For example, after the price exceeds $ 1600> rsi >75 cmf> 0.20 adx> 50 will be enough for me to decide on the sale. Note: This is not investment advice.
Long
by CryptoBrainn
ETH Bottom probably not in yetHi everyone, Looking at the previous bear market I don't believe the bottom is in yet for Ethereum. We are short of a full correction and we need one more deep push down. I am rather surprised because of the bullish sentiment recently on tradingview calling possible bottoms. If you are long enough in crypto you will know that it will go higher than expected in bullmarkets and it will go lower than expected in bear markets. As a matter of fact I think that 1k USD per ETH is a realistic probability while prices are around 1,8k USD per Ethereum. That being said, I don't think we will face a full blown correction lower than that. Overall I think we all will get a fantastic buying oppurtunity when we reach these prices. In the larger timeframe we will go one more wave higher to complete the structure and eventualy break the previous top of around 4.7k USD per Ethereum. My target is around 10k per Ethereum on the larger timeframe. If we reach these prices it will probably be a gigantic 12 1 elliot wave count. The correction after that will be sudden, horrible and fast. Possible targets are around 0,3k USD per Ethereum.... Stay safe and trade carefully. The chart speaks for itself, I base my idea on the previous trend lines combined with fibonacci and elliot wave count. As always this is no financial advise.
BITSTAMP:ETHUSDShort
by HodlCrypot
Ethereum- Relief rally probable nextNot even a month ago (in fact 3 weeks) I said that 2k should provide strong resistance for EthUsd and traders should sell rallies in that zone. Since then Eth has dropped hard, losing almost 50% of its value, which is a lot even for the crypto market. On Tuesday EthUsd dropped towards 1k and reversed and, again, yesterday it had a new attempt to drop under 1k and failed, leaving a long-tailed bullish Pin Bar on our chart. This sequence of reversals from around 1k gives me the idea that bulls are strong here and a reversal could follow soon. My strategy is to buy dips against 1k and as for target, around 1.5 can be a good idea.
COINBASE:ETHUSDLong
by Mihai_Iacob
16
ETH/BTC breakdown !ETH / BTC ETH brokedown the important support level against USD today (1700$) which open the way to test 2018 ATH 1 month ago , I sent an alert about the weakness in market you can check here : Today ETH just reached bears target against USD of my previous idea But here in ETH/BTC its looks like there are more room for bears up to 0.04 BTC ! (The confirmation is breakdown of 1400$ and close daily below it ) What do you think about ETH in next few weeks ,Share with us in comments below
Short
by Babenski
18
Still waiting on you New York !!!Decent bullish technicals also here on Ethusdt everything looking good ,but can mean nothing if the dollar skys today. A lot of noise recently about the num 2 crypto ,the world and a few other places expect it to find new moons and maybe a new galaxy. We will see im sure ...Im in here to run a 1:3 long ,have similar on btcusdt.. Please feel free to like coment etc it helps with this thing called learning and earning.. Im not a fanatical finance wiz kid make your own minds up .. My trade just got triggered as i write ....well im in now ..
Long
by investamacker
ETHUSDETH/USD is near the 2850.00 price as of this writing. On the 3rd of April Ethereum was trading near the 3580.00 price level, a juncture ETH/USD had not touched since the first week of January. However, after hitting this mid-term high ETH/USD then produced a rather steep downward slope. In fact ETH/USD is now testing values it has not traversed since the middle of March. Ethereum remains a major cryptocurrency in the broad digital market, and its price action certainly causes reactions among its counterparts. While some traders who remain bullish may believe the recent downturn in ETH/USD is fine and a mere overreaction, there are other speculators who are likely looking at Ethereum and wondering if mid-March support levels will falter. ETH/USD is the second biggest cryptocurrency after Bitcoin, and it remains highly speculative. The ability of Ethereum to climb within sight of 3600.00 in early April, only to fall to nearly 2760.00 on the 26th of April is a rather incredible price difference. Traders need to consider not only their risk management tactics, but their emotional fortitude to withstand price volatility. However, most day traders of ETH/USD are not concerned with next week, they are concerned about tomorrow. In many respects the trend must be respected, because while it is easy to look for reversals, actually following the momentum of ETH/USD may be the more logical method of speculating for short term wagers. Technical traders may be looking at current support near the 2800.00 mark and believe if it falters that 2700.00 is a solid target. If April rain does in fact bring May flowers, traders may have reasons to be optimistic and look for upside in ETH/USD, but this is not the weather we are discussing, this is the cryptocurrency landscape. While the move of Ethereum to early April highs was met by a firestorm of selling, the broad digital market also suffered a downturn too. And the long term bearish trend which has dominated the cryptocurrency landscape since November of 2021 has reemerged with a dangerous thrust. If current support levels do not hold and ETH/USD falls through mid-March support, more nervous sentiment can certainly develop. An ominous sign for some technical traders may be the knowledge that February prices of ETH/USD were worse than March lows. A depth of nearly 2300.00 was seen on the 23rd of February. This value is far below mid-March support which is closer to 2550.00 on an averaged basis. However, if these mid-March prices are challenged, February’s lows will come plainly into view and even perhaps price targets for some traders. ETH/USD Outlook for May: Speculative price range for ETH/USD is 2150.00 to 3675.00. Current support levels are dangerous and should be monitored in ETH/USD. If Ethereum fails to sustain upwards momentum and keep its price above the 3000.00 mark for a solid duration, this could cause bearish traders to believe another leg down is going to occur. The next week of trading in ETH/USD is likely going to be volatile because of the nervous sentiment being generated with risk assets globally, such as the NASDAQ 100 stock index. While it may seem farfetched to mention this potential correlation, a look at long term charts of Ethereum and the NASDAQ 100 are worth a glance to gain a perspective regarding behavioral sentiment. If ETH/USD should fall below the 2700.00 mark this could spark more selling. Short term traders should not be overly ambitious and use take profit orders, so they do not suffer from the potential of wicked reversals creating havoc with profits that are not cashed in and are simply made to vanish. If negative sentiment continues in the broad crypto market, ETH/USD could certainly test lower depths. Bullish traders are still within the cryptocurrency sphere for a good reason, they understand reversals higher often occur after wild selloffs to the downside. However, short term buyers should be extremely cautious. The trend lower is not a joke. Momentum upwards should be waited on by more conservative traders before attempting wagers. Perhaps a move above the 3100.00 mark could signal a solid change in direction. Some traders may believe only a move above 3400.00 can be viewed as positive idea for future trend.
COINBASE:ETHUSD
by SmoothJB
1
#ETHUSDT Printing a strong Hammer ! Target $4800+, Here's why..ETH broke out and retested perfectly. Looking at the daily chart, It seems the market is ready to pump from here. DOJI:- If the Doji forms in an uptrend or downtrend, this is normally seen as significant, as it is a signal that the buyers are losing conviction when formed in an uptrend and a signal that sellers are losing conviction if seen in a downtrend. All we need is daily to close with a beautiful hammer. The potential target for the pattern will be somewhere around $4k. Suggested the best buying range around this level in my last chart. SUGGESTED ACTION:- Although you should always DYOR, This is what I will do, Though I already spot longed on ETH, For leverage positions, I'll wait for a strong DOJI close above the trendline and open a long around $2800 to $2920.Aggressive entry in case ETH takes over both 21D and 50D MA daily. SL:- I will close my long in case we break and close below $2677. This is a good trade setup giving us 1:8+ RR which is amazing. INVALIDATION:- Close below the black support trendline will invalidate the chart. Let me know what you think. DO hit the like button and share your views in the comment section. Thank you #PEACE
Long
by Cryptorphic
4