Get started

Ethusdlong

Ethereum pennant to 6k? Ethereum could be forming a large pennant with an upside target of $6.2k . Path may not be exact, accumulating and staying the course makes sense. Know when the structure is broken and where you could be wrong. We could see a short term pullback to form a cleaner structure of the pennant, with a pennant break out around october november. This is on the assumption that bitcoin maintains integrity with the 30k floor and doesnt form the notorious descending triangle. It could lead to a downside pennant break should bitcoin dictate that, however we would need a bearish catalyst, maybe stock market break down. However since fed have been pushing for rate hikes around 2023 you can assume the bull trend will continue onwards. Historically buying ether around the nov/dec period and selling around may/june has proven to be a rewarding period. Amplify that with some credible alts to potentially outperfom. However, considering how low bitcoin dominance is, it wouldnt surprise me if bitcoin took the lead first and take back some liquidity before the knock offs have their rips again. Good luck.
Long
by TheCheartBreaker
ETH Bulls Run Out Of Options, Breakout To $4,000 In Jeopardy Ethereum price stalls after brushing shoulders with the 61.8% Fibonacci level. Overhead pressure begins to increase amid a looming correction to $3,000. The MACD has a vivid bearish impulse following a sell signal. Ethereum is trading slightly above $3,300 on Tuesday during the Asian session. On Monday, its price action was mainly drab, with bulls unable to crack the resistance at $3,400 to make way to $4,000. Intriguingly, Bitcoin gained some key ground to trade above $50,000. Nonetheless, a correction also looms, with BTC trading marginally below the same key level. Ethereum Price On The Verge Of A Pulldown To $3,000 Following the recovery above $3,300, resistance at $3,600 and $4,000 came in sight. However, these levels are still on the horizon due to a massive barrier at the 61.8% Fibonacci level of the last swing high at $4,400 to a swing low of $1,721. If this hurdle remains intact, bulls will have a big challenge working their way toward $3,600 and $4,000, respectively. Besides, the Moving Average Convergence Divergence (MACD) has a massive bearish outlook. This technical index follows the trend of an asset and calculates its momentum. A retreat to the mean line implies that sellers are gaining traction. The bearish narrative has been accentuated by a recent sell signal presented when the 12-day Exponential Moving Average (EMA) crossed below the 26-day EMA. Meanwhile, support is anticipated at $3,200, enhancing the bulls’ position in the market, thereby resuming Ethereum’s uptrend. Realize that the Relative Strength Index (RSI) gradually moves toward the overbought area, hinting at the bullish grip becoming firmer. A daily close above the 61.8% Fibonacci level would restore the bulls’ power against the bears as they work on the mission to bring down the hurdles at $3,400, $3,600, and $4,000. Realize that the 50 Simple Moving Average (SMA) has crossed above the 100 SMA in the same time frame, validating the potential upward price action. Ethereum Intraday Levels Spot rate: $3,315 Trend: Bearish Volatility: Low Support: $3,200 and $3,000 Resistance: $3,400 and $3,600
COINBASE:ETHUSDShort
by CoinGape
3
ETH/BTC Pair Set to Make New ATH?Ethereum is steadily gaining on BTC. As shown in the chart, we have a lengthy bull flag breakout targeting a move to approximately 0.177 for ETH on the BTC pair. With the EIP-1559 Ethereum burn activated, there have already been over 70,000 Ethereum burned. Couple the deflationary component with Ethereum 2.0 staking, and the ETH circulating supply is going to drastically decrease. I expect an ATH for Ethereum against BTC by end of year. Thanks! - CA$HLESS
Long
by CASHLESSSOCYS
Eth breakout and retestSince few days eth was consolidating and had 3280-3300 as a resistance This lvl has been broken and retested today ! Eth has setup to another move forward If there is no uncertain event Our long target of 3900 is still intact There is no specific stop loss but I'm following daily market structure based on it will look forward to accumulate rather than profit booking The upcoming lvl will be choppy as many trapped retailers will try to get out from higher lvl and getting the cash in hand so it better to be flexible rather than tight stop loss
Long
by Jimmy_Rebello
Ethereum Follow The Bulling PATH!Hello IWealth Here, I have been Trading and Teaching for 7 years. and im happy to share my idea that could help you in the crypto space. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Ethereum is riding up this yellow trend line nicely, If we do have a pullback the next support is around 2400-2600 ! If we can hold I expect 3500 level to break through and going for 4000+
BITSTAMP:ETHUSDLong
by IWealthCommunity
1