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Ethusdlong

Ethereum is Going to $6800 Area Only if..If you are here only for the title , the answer is: ..only if the price action remains above 0.618 Fibbonaci retracement located at $3660 , then the price action is likely to move into to the 1.618 extension located at $6800 . It's really incredible how Ethereum manages to hold such high value meanwhile Bitcoin is really struggling. Every time Ethereum has seen a much stronger dip, or an correction, than Bitcoin does. As of right now, Ethereum is just -20% below the all time high at $4870 and Bitcoin is located -32% below the top at $69000! Intraday dips continue to attract buyers and rallies doesn’t really attract sellers. Let’s move to the technical. there has to be something hidden that will suggest that a correction that will overcome Bitcoin’s losses will follow, right? Fibonacci retracements. It’s very impressive how this Fibonacci has turned out. The key level of 0.618 has been successfully tested as valid and strong support as 4 days of price action are suggesting. If Ethereum doesn’t fall below this golden ratio 0.618 retracement located at $3660, Ethereum could be very easily for extended gains to the $6800, where the golden 1.618 extension is located. Price action. Price action seems to have formed a falling wedge formation, which usually occurs in a correction and suggests a break to the upside from a correction. Exponential moving averages. Overall trend indicators are suggesting that currently Ethereum is in daily downtrend as the 20 EMA fell below the slow 50 one. The price action however doesn’t seem to be reacting. Relative strength index. Ethereum hasn’t seen a proper bearish momentum yet and RSI tells us the same story. As RSI is able to hold above 40, no bearish momentum is present. However it’s hovering at pretty thin ice and break below 40 will attract sellers. No divergence can be found. Moving average convergence divergence. A selling wave is currently ongoing while the bearish volume continues to decrease. Same as for Bitcoin, both Moving averages need to go above neutral, 0, level in order to give a proper buy signal.
Long
by TiborVrbovsky
2
ETHUSDT | Best Entry & Target PointIf you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of ETHUSDT , I think we are going to see an upward movement. If you are going to go long now, make sure to place the stop below the previous support area . What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Long
by MaxProfHacker
ETHEREUM NEAR FUTURE ANALYSIS (1HChart)Technical Analysis Summary ETH /USDT TREND ANALYSIS We have 3 Downtrend in red color (1 Long term 2 internal) We have 1 Uptrend in green color Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). The Yellow Daily Support Level is a level already tested and is not an entry level I added it only for explanation purposes but it could be a reversal level. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
BINANCE:ETHUSD.P
by husseindergham
ETH - two scenarios for Dec./Jan. price actionSince it became a deflationary currency ETH holders are holding much better in bearish market condition. Recent flash dump was driven by liquidations which you can see even on volume, you don't need onchain or any other tool. Since ETH broke through previous ATH resistance, the volume has been steadily declining expect for the May crash. I don't expect new low for ETH in coming weeks. Pullback to daily support and very long trendline (orange scenario) or bullish one (green scenario) are 2 possibilities here in my opinion. Also, notice my two "Untouched trendline since ATH breakout" trendlines which I didn't adjust since ATH breakout. Each time ETH dumped price dropped under it and recover. Because of that I place some buy order in "D support" area for wicks chasing. In some crazy dump continuation I will wait for consolidation and bottom confirmation before any big buys. I always leave some % of FIAT in wallets. Green boxes are my targets in dump continuation case. I don't expect ETH to drop under "W + M support" box, but who knows, this is crypto and it can always surprise us all.
Long
by Philippe_0x
4
Breaking Down ETHUSD - Another ScenarioThis is a comparison of 2016 ETHUSD to 2020 and current ETHUSD The 2016 daily chart shows a rising wedge or bullish wedge, leading to a massive increase The 2020 can be seen to show some similarities such as the 0.382 fib, which is a point of resistance in both cases I am doing my best to break down ETHUSD it is one of the more interesting charts to view, this is why I have posted multiple charts in the past, linked below. I really just thought this comparison was interesting. This one below is particularly interesting
BITSTAMP:ETHUSDLong
by Bixley
4
Etherem is stronger than Bitcoin ...*** As we have seen these days and in recent months, Ethereum has emerged stronger than Bitcoin. Ethereum ascents and corrections are reasonable, and in this recent decline, Bitcoin has shown more resistance than bitcoin, and according to the patterns on the chart, there are signs of ascent in it. I think, unlike Bitcoin, which continues to improve, we will see the growth of Ethereum in the coming days. I hope this time Queen Ethereum will take the Bitcoin emperor by the hand and pull him up. Of course, all these scenarios were available for Bitcoin before the fall, but Bitcoin fell. What mattered was the resistance of the Ethereum to this fall. In the Ethereum to Bitcoin chart, we also see Atrium to Bitcoin rising. Finally, my advice in these days of uncertainty is to enter the market with caution ... #ETH/BTC ***
Long
by Farid-110
1
ETHUSDT|1D Current situation analysisHello everyone and welcome to my new idea on ETHUSDT on 1D chart. As always do your DD. Be sure to like if you agree and follow my profile for more ideas. Few numbers to begin with 1. ETH Major support. We bounced out of it in a big fashion last time. Expected to hold if things go south again. 2.Deciding point on whether we go up or down, I expect we will see in 2 days at max. 3. Previous bullish trend break, followed by sideways trading until now 4. First resistance on the way up RSI is at about 50% which does not tell us much, MACD looks the same. ETH could really use some catalyst to bring the volume in. My expectation is that next 2 candles will decide on our next move, so I would wait with buying just yet. I remain very bullish in ETH, I keep accumulating more during these times. My realistic PT before EoY is 4800-5200, and 20.000 Eo22. Happy trading!
Long
by JohnRckr