Daily ETH UpdateWith both ETH and BTC sitting close to all-time highs we are seeing a "quiet before the storm" scenario. Trading volume is low and few are willing to commit to new positions. Both buyers and sellers are poised, waiting for a clear signal that the market is going up or down. ETH is sitting comfortably above all lines of support and resistance except for the all-time high, and it's just a bees dick below that. We could see more sideways price action, however, I believe it's just a matter of time now before we see a break to the upside that takes us up into the $75K area. On-chain metrics and fundamentals are strong, and we are seeing a continual fall in the supply of available BTC and ETH on exchanged. I believe that this fundamental pressure is what will be what's needed to push prices through this last resistance and onto new higher levels.
Ethusdlong
ETH pretty much GOOD, LONG & SHORT!I am just a beginner so please any pros, if you have any advice can you please give me whatever you would like to part with knowledge wise, I am all-ears, please. I believe in ETH, and I believe they will at least capture 2% of the total market share which I believe puts the stock price at $20,000 or more. If the video I watched done by world renowned economist blank, blank....can't remember his name but that is how he explained it. This was also a man who first came out as a champion for BIT and downed ETH, since he has changed his tune with all of the things that have transpired since...that video sold me but I was almost all the way there anyway. I am just gonna need some help and that is scary in the world today because I don't feel like I have a lot of faith in a good portion of my own population, let alone a country I know nothing about. Not to say trust can't be earned and anything can be worked out over time.
If anyone is wondering why I put this up again, it was because I tried to delete my other post on this and it accidentally deleted this one, this chart explains better what I feel about the future of ETH.
ETHUSD Analysis An analysis of the channel that has formed on the 4Hr chart for the ETHUSD pair
Price has moved cleanly through a point of resistance with ease, suggesting further bullish momentum and potentially breaking of the channel
ETH is a great pick for a long
The bars pattern is very speculative
Heres a longer timeframe / more detailed chart
ETH - My view, going to be parabolic?Hello Friends,
Was analyzing ETHUSDT, Very Interesting. Thought to share it with you.
ETH on a nice uptrend channel, forming new ATH.
I see couple of scenarios 1) Cup and Handle, breakout : Target : 6300
2) Channel top scenario : Could be around 18000$
I will explore with channel top scenario in future and keep you posted.
Have fund and enjoy the ride.
Daily ETH UpdateETh, somebody stop it! No wait don't. ETH has been so strong in the last week during this period where BTC has been in a short term correction. ETH literally only stepped out of it's uptrend for a day before being launched straight back into it. When it broke down it fell on three converging lines of support.
1. The top of the consolidation triangle (thick yellow lines).
2. Previous zone of demand (green box, better visible on the four-hour chart).
3. Purple trend line coming through from previous price action (sorry hard to show you on this zoomed in chart).
With all three of these now under the price action and the only thing above it being the previous all-time high I am very bullish on what ETH will do next. I'm loaded up on ETH and some other layer ones now and eagerly watching what happens next.
Ethereum (Long)A Long from here using the daily timeframe has a good Risk : Reward Ratio.
Don't go all in... Build position with time.
Daily ETH UpdateETH has been trading in a range between $3900 and $4240 for five days now. All attempts by the bears to push it down below $3900 have been quickly dealt with by the bulls. I exited my positions in ETH on the 22nd after a sharp rejection from the all-time high. Normally I would have held the course and waited for further confirmation of the downtrend, however, BTC was looking like it was preparing for a bigger move down and I wanted to de-risk. In retrospect, it would have been better to hold. Risk management is like insurance....it costs you money and you only buy it hoping that you'll never need it. As I type this ETH on the 1hr chart is moving back into the upper supply zone. These a good chance of a breakout to the upside is near...
Ethereum Update 25/10/21: 44% from the 161.80% fibs @ $5,974Ethereum is currently only 22% away from the price target at the 127.20% fibs @ $5,068 and 44% from the 161.80% fibs @ $5,974...$6k ETH very soon 🎯🔥🚀, Since the buy signal triggered, Ethereum has grown over 30% retesting the ATH on the 21st October @ $4356. From this move ETH has retraced 5% and looks like it is ready for another retest and soon $5,068🎯
Our current ETH price targets from the current price:
127.20% fibs @ $5,068 (22% Gain)
161.80% fibs @ $5,974 (44% Gain)
261.80% fibs @ $8,592 (108% Gain)
423.60% fibs @ $12,828 (210% Gain)
Please see previous analysis below. Happy Trading :)
Update 14/10/21:Ethereum poised for a parabolic run Target @ $5k. A strong Buy signal was triggered on the Daily Chart (10/10/21) with the 13 EMA crossing up above the 50 SMA . We have been very patient with this move as a fake-out looked likely to form, from the current price level ETH is showing a clear breakout above the 78.60% Fibs, currently Ethereum is only 15% away from the ATH price in May @ $4361. This move to the 161.80% looks like it will be a very impulsive wave and may play out in 2 push phases. From the current price ETH is 42% away from the ATH , since the buy signal triggered ETH has grown over 18%+.
ETH Buy the dip.Ethereum - Intraday - We look to Buy at 3916 (stop at 3828)
Our short term bias remains positive.
There is no clear indication that the upward move is coming to an end.
50 4hour EMA is at 3904.
A lower correction is expected.
Our profit targets will be 4168 and 4228
Resistance: 4170 / 4270 / 4375
Support: 4050 / 3980 / 3920
ETHUSDT , We are in buy zone ...Hello guys
According to our previous analysis , the market moved exactly to our way
At this time from the past we are in upward channel and we are near the base trendline and we need to take signal and watch carefully to take signal and take position and buy
Maybe it can break the base of trendline like BTCUSDT chart that we published but its not have high chance for it
Previous analysis :
Dont forget use stop loss and attention to money management
Be with us and sleep comfortably
Good Luck
Abtin
Ethusdt 3940.00$ up or down ?hello freinds
After hitting the resistance area and forming a load and confirmation signal
We may have a correction to $ 3685
And even up to the price of 3400
This correction occurs when the support of the 3850 price area is broken
If bitcoin at the time of correction
Good luck
Ethereum in a Falling wedge.Ethereum - Intraday - We look to Buy at 3731 (stop at 3648)
Price action has formed a bullish ending wedge formation.
Daily signals are bullish.
50 4hour EMA is at 3730.
We look for a temporary move lower.
The bias is to break to the upside.
Our profit targets will be 3963 and 4022
Resistance: 3900 / 3980 / 4025
Support: 3780 / 3720 / 3640