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ETHEREUM RALLIED AS EXPECTED. IS $3.8K POSSIBLE? Welcome members to this update on ETH update. If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest at my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on them or use them to understand the market. ETH rallied as expected and till now we have made a great profit on this. So far we are 23% up on ETH and this holding was purely on spot. Now, as ETH has already rallied this high, what could be the upcoming scenario on ETH? Well, I am expecting some retracement soon. The market can't just keep making greens, it needs a balanced act between the red and green candles. We have strong resistance at $3.6k which is the level I am expecting ETH to reach and then retrace back to $3.4k making support level. If ETH gets rejected now then $3.2k to $3k could be the possible drop levels. What's your idea on ETH? Do let me know. Like and follow for more updates. Thank you.
COINBASE:ETHUSDShort
by Dexter_The_Trader
ETHEREUM: A PERFECT RETEST OR A DUMP???Welcome members to this update on ETH. If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market. Let's get back to the chart. Ethereum made a bold move by breaking out above the trendline but it wasn't enough to trigger the $3k resistance level. If we consider the horizontal resistance level then it is rejection but if we consider the trendlines then it is a retest before the big jump. To get a clear picture of this, we will have to monitor some key areas. 1. ETH is holding strong support at 21 MA which is exactly above the upper trendline. If you followed my previous update (link in the description) then you will know that so far ETH is exactly following the path I analyzed. 2. The only confirmation of whether ETH is bearish or not lies on the current support level. If ETH breaks down below $2.8k then we can expect ETH to reach the bottom trendline. 3. Looking into the positive side, even if ETH bounces back from the current support level, it still needs to break through the $3k resistance level which will be a real challenge for ETH. And once we are through it then $3.2k, $3.4k, and $3.6k will be the levels for ETH. So, $2.8k is an important level to keep an eye on along with the $3k resistance level. Note: This is not financial advice. This update is for educational purposes only. Let me know what you think about this idea and if you like it then do share the link wherever you can. Let this idea reach as many traders as possible. I will cover more on this until then stay safe and trade well. Thank you.
COINBASE:ETHUSD
by Dexter_The_Trader
6
ETHEREUM BREAKING OUT.Welcome members to this important update on ETH. If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market. ETH broke out of the trendline and currently showing some sign of retest. The chart looks good but somehow I am not convinced with this pattern. Things don’t fit into the picture. The chart looks bullish but the RSI is already in the overbought range. Also, we have resistance at $3.04k which will be important for ETH to break. For a moment, if we skip the RSI and focus on the chart then I am expecting a retest here and then an attempt to break above the $3.04k resistance. If this is just a fake-out to trap the noobs then the dump is going to be worse. So, let's keep an eye on the $2.8k to $3k level for now and if you have any leverage trades open then book your profits. If you are facing losses then keep your SL close. Let me know what you think about this idea and if you like it then do share the link wherever you can. Let this idea reach as many traders as possible. I will cover more on this until then stay safe and trade well. Thank you.
COINBASE:ETHUSD
by Dexter_The_Trader
#ETHUSDT Reasons WHY ETH could reach $5k by the May 2022!!Gained 2k new followers in the last 6 weeks. Thank you so much to all of you for your consistent support. Now, let's get to the chart. ETHUSDT is trying to break out of the channel. A daily close above the channel would confirm the breakout. It has been almost 128 days since the price is trading inside this falling wedge channel. Technically a successful retest with green candle confirmation would result in a positive rally towards $3k $3.5k and even $4k. Few conditions need to be fulfilled here:- 1. It maintains the channel resistance turned support. 2. Previous breakouts above the blue MA have resulted in a multiweek green market. 3. The blue MA needs to get above the Red MA which will be a positive sign. 4. As per fractals it could roughly reach the $5k target if the above conditions are done. 5. From possible bottom to higher target takes 114 days which gives us 3rd week of May 2022. Do observe the chart there is more information given, do observe. My thoughts:- I am bullish on ETH looking at the current PA but one more shakeout to trap the bears and liquidate the late longs would be the best time to enter if you don't have it yet. $2422 to $2600 is the best area to buy with an invalidation point of a daily close below $2177. Hope it helps, if it does do hit the like button and share your views in the comment section. Thank you #PEACE
Long
by Cryptorphic
3
ETHEREUM IS CLOSE TO THE RESISTANCE.Welcome members to this update on ETH. If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market. Let's get back to the chart. ETH rallied as expected and the current price is close to the resistance level. This is the same trendline that ETH failed to breakthrough thrice. Will it be different this time? Well, before jumping to a conclusion let us analyze this chart. In this 6 hours chart, ETH is in the symmetrical triangle pattern, and usually, in this type of pattern, the breakout direction is not fixed. It could break in either direction. If you pay close attention to this chart then you will observe that both the trendline are getting closer which means we are reaching the edge of this triangle pattern. According to my analysis, I believe that ETH should show a retest from this level, pull back towards the $2.4k range, and then bounce back. The reason why I am considering this move is that ETH is already at the upper trendline, and RSI is in the overbought zone. Let me know what you think about this idea and if you like it then do share the link wherever you can. Let this idea reach as many traders as possible. I will cover more on this in the coming days until then stay safe and trade well. Thank you.
COINBASE:ETHUSDShort
by Dexter_The_Trader
2
ETHUSD-Ethereum Forms Descending TriangleThe Ethereum market rallied initially on Friday but gave back the gains to show somewhat weak price action. The $2500 level underneath continues to be important, and I think it will offer a significant amount of support. I fully anticipate that the market may test that region in order to see whether or not it can break down below it. That is a region of support that I think extends down to the $2400 level, so it is going to take a significant amount of work to break down through there. With that being said, it does not necessarily mean that we cannot do it, just that it may take some effort. The market has been a bit of a mess for a while, and we recently had that “death cross”, when the 50-day EMA crosses below the 200-day EMA. The indicator tends to be a little bit late, but it is something that will attract a certain amount of attention anyway. On the upside, if we were to break above the $2750 level, it could open up a move towards the $3000 level. Breaking above the $3000 level then could be up significant signal to start going long. In general, this is a market that I think is going to continue to struggle and I am starting to believe that we are going to go into a “crypto winter”, which is when markets do very little and simply grind sideways for what seems like a lifetime. This is generally after a massive selloff, and that is most certainly something that we have seen around the crypto markets. Ethereum is plagued at the moment by a delay in the so-called “Ethereum 2.0” release. People are starting to get a little bit impatient, but the fact that we have a tight monetary policy in the United States does no favors either. After all, the crypto markets are far out on the risk appetite spectrum, so it is going to take a very loose monetary policy to make that attract as much trading capital as it would from institutions over the last couple of years. In general, you can also make an argument that we are forming a descending triangle still, and if we break down below the support level, we could very well slice through the $2000 level eventually.
BITSTAMP:ETHUSDShort
by SmoothJB
ETHEREUM UPDATE.Welcome folks to this ETH update. If you are viewing my post for the first time then do hit the like button and graciously follow as well. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market. ETH has not shown any drastic change in the price. For the last two days, ETH is trending between $2554 to $2653 which could possibly be an accumulation zone. It is also important to see that ETH is trending below the 21 MA which makes it a little uneasy to take a long entry. Now, to enter long on ETH, it is important for ETH to break through the 21 MA and the support level drawn in the chart. I am already holding ETH on spot and I will enter leverage trade on ETH if it breaks out or if it dips back to our previous entry-level ($2380 to $2470). In this kind of scenario, the market either takes a quick jump or a quick drop. So, be extra cautious with your trades. I hope this idea was valuable to you. Do like, follow and share this update with as many traders as possible. Thank you.
COINBASE:ETHUSD
by Dexter_The_Trader
ETH chart on 1W Time FrameLooking ETH here bouncing on support for a second time . If ETH does not manage to hold this level I will be expecting a retracement back to $1,710 - $1,800 . And if it gets worst I will be expecting a bounce around the first blue box of support around the $1,000 - $1,300 . If we fail to support that area my guess its that we will be going more down very hard and fast . Now lets see a more bullish scenario on ETH . Lets consider that we will hold this level and bounce , In this case I would expect a pump to retest $3,200 and then $3,500 - $3,600 . Moreover, in the case we get even more bullish , we could visit $4,000 and more levels as we go up . NOTE : I would NOT enter very big longs or shorts positions , as taking into consideration the current geopolitical factors affecting the markets there is uncertainty and too much volatility when it comes to moving . So be careful and consider using stop loss. DONT TRADE WHAT YOU CANT AFFORD TO LOSE !
COINBASE:ETHUSD
by Trader_Sentinel
ETHEREUM UPDATE.Welcome folks to my new update on ETH. If you are viewing my post for the first time then do hit the like button and graciously follow as well. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market. ETH showed some rejection from $2770 which was 12% up from our entry-level (previous post). The rejection could drop back to our entry-level but before we jump into that lets us observe the current price level. We have slight support here at $2.6k along with the 21 MA holding the price. If ETH manages to hold this level and show some bullish momentum then we can enter this trade. So far, there's no bullish confirmation so we will wait. Another possibility is, ETH could drop further up to $2.4k which will be our old entry-level. I already have ETH in my spot holdings and I will accumulate more if it dips. Anyways, do not trade blindly. Analyze the market carefully and if you need help then feel free to check out my ideas and updates. I'll see you around. Good hours ahead.
COINBASE:ETHUSD
by Dexter_The_Trader
2