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Ethusdshort

ETH Short-Term Scalp off Strong SupportHere's a short-term scalp opportunity I'm taking on ETH. This is a terrible looking chart, but ETH is down over 50% since its April high without a single bounce. It's hitting a pretty strong support area around $1800. I think we have at least a short-term rally before the Fed's announce in June which will likely be to raise rates again. This will probably lead to further selling off of all the markets, which is why this is a short-term scalp. However, if this occurs, I think it will be an unbelievable opportunity to scoop up so very cheap ETH before the Merge upgrade in August. Let's not forget that ETH is one of the only deflationary cryptos out there. It has burned 2.3mil ETH (or $4.2bil) since the EIP-1559 launch last August! Looking at the Fib retracement, it may be wishful thinking to hit $2400 but I'm aiming for the .382 level before the announcement. At least this is my game plan.
Long
by jpbrown1023
ETHEREUM: HITTING THE RESISTANCE.Hello traders, Ethereum has rallied 10% so far after getting close to the support level of $1700. It's good to see the market making some greens but we need to be vigilant especially when the market turns green all of a sudden and the RSI is making a similar move (overbought) in all the charts in lower TF. As we can clearly see that ETH is reaching the resistance of $1940 to $1950. With the RSI reaching the overbought zone, it is likely possible that ETH may get rejected soon. On the other hand, if BTC breaks out and sustains the daily close above the resistance then things may take a positive move. Trade safely.
COINBASE:ETHUSDShort
by Dexter_The_Trader
2
ETH/USDT - Short ScenarioHello Traders! Ethereum continues to undergo a downtrend. The price has tested the MA100 on the weekly timeframe, the RSI indicator is in the bearish zone. Given the current state of the market, we can expect the continuation of the devaluation of the asset in search of buyer liquidity. We may consider shorting the asset in case of price-fixing under the support level of $1960. It is better to start the new strategy after the price decreases in the area of $1050 - $1230 with the aim of fixing the profits in the range of $1740 - $1960 Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
COINBASE:ETHUSDShort
by UnknownUnicorn10064030
ETH - will go below $1,000This weekly chart shows that the Weekly 20 EMA is about to cross below the 50 EMA, probably in the next few days this week. So far we've hit all the targets on the weekly chart for ETH. One more target left which takes us below $1,000 and I am expecting this to hit in the coming weeks. At the time of writing this ETH is currently being rejected by the 1 Hour 20 EMA as well as being rejected by the 4 Hour 20 EMA. The 1 Hour RSI is showing over bought and MACD is running out of gas and I am expecting ETH to continue the decline.
COINBASE:ETHUSDShort
by priitzzy
6
CAN ETH SURVIVE THE WINTER!?In my last idea i said its time to do or die for eth. Eth did it. They survive. Along with many other altcoins. This doesnt mean we are back to the bull run! We just survive an important event. Lunacrash. Blue box below the chart, 1880-1800 price zone, is an important support area. Price breakdown below yesterday but buyers stepped in around another strong support of 1679. From there price increased %20 in 24 hours. But i think upside potential is pretty limited. Important resistance areas 2152 2342 Yesterday Powell said, they dont promise soft landing and they will fight inflation in every way. We should expect more money to flee from risky assets. I would not suprise if ETH surpass BTC in terms of market cap by the end of this decade but even most succesfull companies lose insane amount of value in the last couple of months! Therefore we should watch before buying in. This areas can be profitable if you invest for the longer term such as 1-2 years. But right now it is obvious risky markets didnt find their bottom. It could take months before bottom is formed. Important support areas 1996 1880 1800 1679 1576 If BTC break below 200 weekly ema which is around 27k, ETH price can broke below 1679 with high volume. This can cause investor panic and high amount of sellers. BElow 1679 there are not strong support zones. Price can test below 1k! It could take months or even years before we are back to bull market. Take care! Follow for more ideas and charts!
BITSTAMP:ETHUSDShort
by thegreatwall38
#ETHUSDT Printing a strong Hammer ! Target $4800+, Here's why..ETH broke out and retested perfectly. Looking at the daily chart, It seems the market is ready to pump from here. DOJI:- If the Doji forms in an uptrend or downtrend, this is normally seen as significant, as it is a signal that the buyers are losing conviction when formed in an uptrend and a signal that sellers are losing conviction if seen in a downtrend. All we need is daily to close with a beautiful hammer. The potential target for the pattern will be somewhere around $4k. Suggested the best buying range around this level in my last chart. SUGGESTED ACTION:- Although you should always DYOR, This is what I will do, Though I already spot longed on ETH, For leverage positions, I'll wait for a strong DOJI close above the trendline and open a long around $2800 to $2920.Aggressive entry in case ETH takes over both 21D and 50D MA daily. SL:- I will close my long in case we break and close below $2677. This is a good trade setup giving us 1:8+ RR which is amazing. INVALIDATION:- Close below the black support trendline will invalidate the chart. Let me know what you think. DO hit the like button and share your views in the comment section. Thank you #PEACE
Long
by Cryptorphic
4