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Ethusdlong

ETH Slides To $2,650 For The First Time Since Early August Ethereum shakes off weak hands from the market following the freefall to $2,650. The 100-day SMA plays a crucial role, ensuring that ETH does not extend the bearish leg to $2,400. The cryptocurrency market is experiencing a downtrend run amid heightened volatility. Investors have been cautiously bullish, especially with the stock market bleeding in the wake of Evergrade’s, a Chinese property behemoth saga. Ethereum continues with its bearish stretch from the previous week, where it was rejected at $3,679 (data from Coinbase). Most enthusiasts and crypto analysts pointed to $3,000 as the ultimate support. However, over the last 24 hours, Ether made its way to $2,650, levels not seen since early August. Where Is Ethereum Price Headed? The gigantic smart contract token is trading at $2,875 on Wednesday and toward the end of the Asian session. Overhead pressure shot up significantly after Ether lost the support at the red zone on the daily chart. Nonetheless, the 100-day Simple Moving Average (SMA) came in handy, preventing bears from doing more damage. With this support in place, Ethereum has started looking toward recovery above $3,000. It is worth mentioning that if recovery to $3,000 fails, bears may attempt another takeover, this time targeting the green zone near $2,400. The 200-day SMA will also be in line to provide Ethereum with cushioning. The second-largest cryptocurrency would likely dance between the red and the green zones in the coming sessions. Traders can watch out for action past the 50-day SMA to ascertain the validity of the uptrend to $3,600 and later to $4,000. According to the Relative Strength Index (RSI), buyers are gradually regaining control. The uptrend’s strength will soar as the RSI lifts toward the midline and the overbought area. On the downside, holding above the green zone is particularly crucial for Ethereum because immense sell orders could be triggered as panic selling grips investors. If it fails to hold, we can expect ETH to make a comeback at $2,000. Ethereum Intraday Levels Spot rate: $2,868 Trend: Minor bullish bias Volatility: Low Support: The 100-day SMA and $2,400 Resistance: $$3,200 and the 50-day SMA
COINBASE:ETHUSD
by CoinGape
3
ETH/USD & Whole Crypto Market BlastoffHere are 4 or 5 good reasons why I believe we are about to blast off and this dip was to form the "handle" on an ugly looking cup and handle. We bottomed out perfectly at the neckline of the macro W, flawless re-test. That also happens to be the 0.382 golden pocket if you pull a fib from the ATH to the bottom of the W, as well as the 0.682 golden pocket if you pull the fib from the ATH to 0. On top of that we are seeing massive bullish divergences on large time frames, even the 6 hour is showing bullish divergence right now which is super powerful. Call me a moonboy but I'm expecting a huge pump from here
Long
by DigiLex_LLC
ETH/USD Golden Cross Daily Time FrameETH/USD Golden Cross Daily Time Frame. 50 MA Red 200 MA Yellow The golden cross on the daily time frame usually indicated a bullish run for weeks to months on end. Ethereum seems to have reached its Golden Cross a lot earlier than BTC/USD being that it has higher volatility than BTC. ETH in 4 years time can easily 3-4x your holdings though not financial advice. Price remains strong support above 50MA which is a good indicator to make my bets into ETH. If price breaks below 50MA and 200 MA we can expect a one year long bear market. Yellow candle is a bullish candle indicator where buy should occur. Everything is a probability play. You don't need to play every hand you get in Poker. Just pick the best spots/hands. I will be accumulating in the red and sideways movement. As long as supports hold.
COINBASE:ETHUSDLong
by WiThConFi
ETH Is One Crucial Bump Away From Exploding To $4,000 Ethereum rebounds from $3,000 to above $3,400 but faces intense resistance between $3,500 and $3,600. The IOMAP model reinforces the resistance between $3,500 and $3,600 from an on-chain perspective. Ethereum has, in the last one week, focused on securing higher support, especially one that is strong enough to prevent losses from stretching below $3,000. Prior, the pioneer smart contracts cryptocurrency had made tremendous progress from July lows of $1,700 to touching $4,000. As Bitcoin tumbled from $54,000 in the first week of September, Ethereum saw its boat start to sink. Various tentative support areas at $3,600 and $3,400 did little to halt the downswing, which resulted in declines near $3,300. Ethereum Bulls Not Ready To Give Up Mission To $4,000 The 50-day Simple Moving Average (SMA) put up a strong barrier, allowing buyers to feel the support. This increased investor confidence, and Ether recoiled above $3,400. However, another hurdle has become apparent at $3,500 and $3,600, delaying the expected recovery to $4,000. Ethereum must close the day above this barrier to validate action to $4,000. Moreover, more buyers will come into the market as Ether makes haste toward $4,000. Meanwhile, the Relative Strength Index (RSI) shows that ETH may settle for sideways trading as it levels at the midline. Nonetheless, nothing in the volatile cryptocurrency market is cast in stone. Hence it is essential to watch out for the direction of the RSI moving forward. IntoTheBlock’s IOMAP model brings to light a massive resistance, running from $3,512 to $3,614. This region is currently preventing bulls from achieving their goal to trade around $4,000. Nearly 316,000 addresses bought 8.21 million ETH in this range and will try to break even as Ethereum rises, a move likely to dampen the buying pressure. However, slicing through the same barrier would bolster Ethereum significantly upward as buyers take on $4,000. On the downside, Ethereum sits on top of relatively weak support areas, but the model brings our attention to the area running from $3,304 to $3,405. Here, 1.28 million addresses scooped up 4.5 million ETH. If they hold steady, Ethereum may have the chance to close the gap to $4,000, but losses will soar if broken and perhaps explore areas under $3,000. Ethereum Intraday Levels Spot rate: $3,400 Trend: Sideways Volatility: Low Resistance: $3,500 to $3,600 Support: $3,300 to $3,400
COINBASE:ETHUSDLong
by CoinGape
Ethereum is holding his trendline.. for now!Good Morning friends :) Today we take a look at ETHUSD. The current formation is verry critical. Bitcoin is in a verry dangerous position too right now and if we lose our trendlines, we could see some nasty dumbs in the market. I safe my profit for now, until we build a higher high. Fundamentally Ethereum is verry strong right now. the whole NFT thing is all around the internet right now. But if everybody is making money with something the bubble is about to pop. Remember the time BTC hits new ath and everybody is fomo in it. From time to time, the rich people take profit and buy low again. Always have the liquidty to do so. Have a nice day :) See you in the next one
COINBASE:ETHUSDShort
by wallet_trading