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Ethusdlong

Ethereum Analysis, the way to 4kHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The September dip is now being bought by investors. Ether surged over 9% on Friday, the first day of October. The ETH market has been having a good couple of days after the trend turned Bearish back in the 6th of September where the price dropped from 3981.54 to 3004.99 in 1 day, That's almost a 25% decrease in value in a 24h period... In the last 5 days, we did notice a good increase in the price with a good amount of volume in the market. the price jumped from the 2789.23 range back to the 34411.59 today. The Bulls are trying to reverse the Bearish trend in hopes to hit the 4000 range again. Different Scenarios for the market : Scenario 1 : The market is trending near the first resistance level located at 3484.94 with a strong upper momentum movement that could push the price to the 3657.85 level where we will see a battle over control between the Bears and the Bulls, And the Bulls will try to breakout that level which would show how much power they have and people will buy in even more gaining more strengths that could lead the ETH price back to the 4000 zone. Scenario 2 : The bears are still holding some power over the trend and they might push back and drive the price back to the support level at 3274.92 or even the 2929.14 level. That's where the Bulls will gather most of their forces and bring the price back up to the range of 3420.70. Technical indicators show : 1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish Sign) 2) The ADX is at 32.37 showing that the market is trending with a positive crossover between DI+(23.48) and DI-(23.31) 3) The RSI is at 56.28 showing good strength in the market, with no divergence found between the market and the indicator Daily Support & Resistance points : support Resistance 1) 3274.92 1) 3484.94 2) 3161.59 2) 3581.63 3) 3064.90 3) 3694.96 Weekly Support & Resistance points : support Resistance 1) 2929.14 1) 3657.85 2) 2470.01 2) 3927.43 3) 2200.43 3) 4386.56 Fundamental point of view : Ethereum is certainly making strides towards the Ethereum 2.0 completion. Just a few days ago, the project announced the arrival of its Ethereum Altair upgrade. To specify, the upgrade will be taking place sometime this month. The purpose of Ethereum 2.0’s launch is to fully deploy a Proof-of-Stake consensus onto its platform. This model should eliminate the platform’s long-striving issues of high gas fees, congestion, and limited scalability. "It seems like Ethereum is losing Steam. As a result, companies are looking into platforms like Cardano, which is used to build dApps, and Solana, which has seen a nearly 4,800% growth since September 2020." According to FXempire This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
BITSTAMP:ETHUSDLong
by GabiDahduh
2
ETHUSD Where will the Bull go?/Bullish PerspectiveBYBIT:ETHUSD Notice in chart---Red: rise; Green: fall 1D trend chart - 1. Pattern is forming Since 2020 Dec., ETH takes around 10 months to build a beautiful Cup and Handle . We just confirm the handle formed while the orange downtrend line was broken out recently. From the period this pattern took, we presume that a surge will happen before 31 Dec '21 *Cup and handle is a strong bullish signal that extending an uptrend. - 2. What should we notice? Considering the pattern may not form directly, should presume that price might retest the downtrend(orange line) again. Also, all previous highs are resistance for price, so remember to be cautious when 4035.5 and 4383.5 coming, consolidation easily occur while approaching them. Furthermore, nothing ever get 100% chance, so we shall setup stop loss. - 3. How can we use it? For Aggressive traders, you could buy immediately while the handle downtrend(orange line) was broken, once this pattern completed, your risk is low as the price go high. For Conservative traders, you could wait the downtrend(shallow blue line) or previous high(4383.5) are taken out, this Cup and Handle pattern will be completed at that time. - 4. Bullish Target? With Fibonacci levels, there are some long-term targets we expect. a) 5422.30~5842.40----Fib(1.272~1.382) b) 8202.55----Fib(2) Anyway, never forget to control your risk Stop loss: 2642.2 - Let's see where ETH can bring us to! Trading is a reflection of yourself, sometimes you need to take a step back to see more. Learn more daily and Be ready for any opportunities daily. Have a nice trading!
BYBIT:ETHUSD.PLong
by EthanTW
ETHEREUM , Full Analysis (short-term to long-term)hey guys , the whole analysis is here in the description. make sure you read it all . so let's get it started ! we start with longer terms : this pic is for the ones who are looking for a LONG-TERM analysis , so it'll probably take 1 and half to 2 years for ETH to get there. as you see , Ethereum could be repeating the cycle . I marked two red zones for y'all . both have descending channel and ETH seems to be repeating that pattern again . alrighty , let's move on to the next pic ! so here's our elliott waves ,we had the first two waves . the second wave which is a correction wave is completed and the third wave is already started . so what is our TARGET here ? it's easy to find out the target , just by Fibonacci Extension . and well , 10774 $ is our target and that is when the third wave is probably gonna end . "so 1 question , Armin . when should we buy it ?!" -----> next pic ! as yall see Ethereum broke outta the descending channel and price has gone up a bit . so price is in a triangle . bearish or bullish ? I say bullish due to all of these analysis , but those who wanna buy for the long-term , it's better for the price to break the red line and that's when it's confirmed that it will rise the way I told in the previous pics. so WHEN TO BUY ? after the red line breakout. "Armin , no short-term analysis ?!" , dude wait , check the rest . alright , in this pic the price has met the MA50 , and I'm guessing it'll have a little correction and then go back up ! what are the targets for short-term ? the red zone and then the red line that we talked about earlier. and at the end , here we are with 1H timeframe. there are two waves that I drew , it's simple . either it will break the top of that little triangle and rise after it OR as I said in the previous pic , it will break the bottom and rest a bit and then go back up. So guys this was the full analysis of ETHEREUM , if you liked it , hit the like . and if you wanna see some more , follow ! GoOoOod LuUuUucK !
by ArminChiani
#ETHUSDT Looks ready for another rally after the retest!!Welcome to this quick Update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. ETHUSDT Looks promosing here, Broke out of the channel . I personally accumulated ETH around $2900 and holding on low leverage. I expect some retracement here $3045 to $3185 and then continuation. Upper resistance levels are:- $3333 $3325 $3615 $3900 IF ETH IS ABLE TO BREAK THE 4K AREA AGAIN, IT'S HIGHLY LIKELY WE WILL SEE A NEW ATH!! What's your thought on this? Do you think this correction is over? Do you think ETH could easily pump from here? Do hit the like button if you like this update and share your views in the comment section. Thank you #PEACE


Long
by Cryptorphic
11
Ethereum Price Remains Drab Under $3,000 Risking Major Dip Ethereum aggressively fights to step above $3,000 a cloud of doubt reigns at its ability to overcome congestion at $3,200. A dwindling on-chain activity is a bearish sign for Ethereum, implying that bulls may not have the power to sustain an uptrend. Ethereum bulls have been pushing for action above $3,000, but all attempts made toward $3,200 have resulted in futility. The flagship smart contracts cryptocurrency token had retreated to a September low of $2,650 more than a week, but collectively, little progress has been made since then. Meanwhile, some selected altcoins seem to be ignoring the mundane price action across the crypto market. Binance Coin leads the recovery in the top ten with an 11.6% gain over the last 24 hours, with Avalanche coming second with a 6.1% upswing. The market is mixed red and green across the board, whereby bulls will likely emerge intraday winners throughout the trading on Thursday. Ethereum Could Fallback Before Heading For A Significant Swing To $4,000 The gigantic smart contract token is experiencing a lot of trouble gaining traction above $3,000. Although the short-term technical outlook appears ripe for a breakout above this level, it is not guaranteed that Ether will make it past $3,200 and sustain an uptrend at least to the supply zone in red around $3,600. According to the 12-hour chart, Ethereum is locked within the confines of a descending parallel channel. Its key downside is supported by the 200 Simple Moving Average (SMA), which rests in the demand zone highlighted in green. The channels’ middle boundary also contributes to securing this anchor zone. A break above the upper boundary would boost Ether above the $3,000, but the token needs to push past $3,200 to affirm the uptrend to $3,600. However, the 50 SMA has recently crossed below the 100 SMA; an index considered bearish despite not being as strong as a death cross pattern. The last time this technical outlook occurred was on June 4, and Ether subsequently dropped by 41%. Hence the magnitude of its effect on the price cannot be overemphasized. Meanwhile, Ethereum’s on-chain activity has been dwindling over the last 30 days, and this is taking a toll on the price performance. Data by Santiment shows the network growth at roughly 80,000 new addresses per day, down from a 30-day high of nearly 110,000. Suppose this metric continues to drop in the coming days, investors should anticipate a difficult recovery phase and perhaps the possibility of Ether sinking to $2,400, where it is likely to be attractive to more bulls. Ethereum Key Intraday Levels Spot rate: Trend: Short-term bullish bias Volatility: Low Support: The 200 SMA and $2,650 Resistance: $3,200 and $3,600
COINBASE:ETHUSDShort
by CoinGape
1
ETH / Whole Market BreakoutETH is about to take off to the upside along with the rest of the market in order to complete this smaller inverse head & shoulders and an ugly cup and handle on the more macro scale. The overall target would put us somewhere around $7k. We will blast through current all-time highs and make our blow-off top for the cycle. I've been predicting this move & pattern for a long time now but now it's actually coming to life! Check out the monster bullish divergence on the 6 hour and 8 hour - on such high time frames it becomes extremely obvious that a large move is imminent
BYBIT:ETHUSD.PLong
by DigiLex_LLC
1
ETH Needs This Crucial Level Ahead Of Approach To $4,000 Ethereum is doddering at $3,100 after failing to break the resistance at $3,200. The MACD may call more buyers into the market if Ether confirms a break above $3,200, a move that could bolster ETH toward $4,000. Ethereum moved with its peers on Thursday and managed to reclaim the ground above $3,000. As reported earlier this week, the prominent smart contracts token had plunged to $2,650 amid a highly volatile cryptocurrency market. Ether also extended the bullish leg above $3,100 but stopped before brushing shoulders with $3,200. Bitcoin has also been lethargic in its recovery after testing support at $40,000 this week. The largest cryptocurrency closed the gap to $44,000 but is yet to confirm a breakout above $45,000. Ethereum Must Close Above $3,200 To Validate Upswing To $4,000 The resistance at $3,200 has been a daunting task for the bulls, resulting in a correction toward $3,000. Meanwhile, Ether is teetering at $3,100 at writing as bulls fight to shake off the engulfing selling pressure. Bulls must confirm a break above $3,200 to add credibility to the optimistic narrative eyeing $4,000. Realize that the 50-day Simple Moving Average (SMA) could make it difficult for buyers to achieve their goals quickly. Moreover, the supply zone in red will also hinder ETH from breaking through and lead to another round of losses. The daily chart reveals that the Moving Average Convergence Divergence (MACD) has wallowed in bearish signals since September 7. This technical index afforms the general lethargic picture as it stays in the negative region under the mean line. Traders should lookout for a buy signal in the coming session or days to ascertain the validity of the uptrend. All the sake, trading above $3,200 would hasten the occurrence of the bullish call. On the downside, overhead pressure will soar if Ethereum losses support at $3,000. Investors are likely to sell in masses amid panic that the demand in green could give in to the pressure this time around. It is worth mentioning that the 100-day SMA has cemented the buyer congestion zone while the 200-day SMA currently holds at $2,612. Ethereum Intraday Levels Spot rate: 3,098 Trend: Bearish bias Volatility: Low Support: $3,000 and $2,650 Resistance: $3,200 and $3,600
COINBASE:ETHUSDLong
by CoinGape