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Ethusdshort

ETH Retreats After Rising To $3,200 For The First Time Since May Ethereum price sustained the hard fork momentum last week to trade at $3,200. A correction is underway, with Ether looking forward to the next support at $2,800. Ethereum has been on the investors' favorite list since last week. The Ethereum London hard fork put Ethereum back on the global map as it hit the headlines, with an upgrade that will see gas fees reduced and the protocol making way for the implementation of ETH 2.0. The gigantic smart contract token made haste above $2,800, a resistance level that had initially barred bulls from gaining ground. As investor appetite for Ether grew over the weekend, the price lifted above $3,000. Ethereum later brushed shoulders with $3,200 for the first time since May. Ethereum Price Hits The Reverse Button Ethereum is in the middle of a retreat after suffering rejection at $3,200. As the price shot up last week, holders anticipated a breakout to $4,000 and perhaps a retest of the all-time high. Meanwhile, Ether has slipped beneath $3,000 amid a seemingly strong correction. It is worth mentioning that if bears increase their positions, overhead pressure will intensify, thus pushing Ethereum toward the following tentative support at $2,800. Note that the Relative Strength Index (RSI) on the daily chart emphasizes sellers' likelihood of staying in control. According to the Moving Average Convergence Divergence (MACD) indicator, buyers are relatively in control. However, if they do not resume complete control in the near term, a sell signal will likely emerge. Therefore, the support at $2,800 remains crucial for the resumption of the uptrend and preventing more losses toward $2.400. On the upside, higher support, preferably above $2,900, could allow bulls to assume control as soon as possible. Moreover, reclaiming the ground above $3,000 will most likely trigger massive gains as investors shift attention to $3,600 and $4,000, respectively. Ethereum Intraday Levels Spot rate: $2,952 Trend: Bearish Volatility: Low Resistance: $3,200 Support: $2,800
COINBASE:ETHUSDShort
by CoinGape
4
Ethereum Head and Shoulders Potential Short!Ethereum is potentially forming a head and shoulders pattern. The neckline is at 2660, so if price breaks below this level with strong volume, I will consider taking a short. The technical price target is at 2555. If price doesn't break below 2660, then I wont be taking a short. Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Short
by cryptotraderog
4
3011$ Ethereum is valid.Our calculations are a bit mixed. We compare the Sellers and Buyers and determine the price through artificial intelligence. Amount or not. We withdraw all our money at the specified point. We certainly do not enter the short position from these points. It's not that we can't lower the price. We want it to rise. Everybody win. You can check my old posts. We do what we say. Confidentiality is essential in our positions. There will definitely be those who enter reverse trades. We are waiting for him. For the hunt. While they hunt small fish. They do not realize that they are prey. When I talked to the fund managers, we saw this decrease in January 2021. We can see the trend return with a weekly close above $39200.
Long
by TraderEtc
1
ETHUSD pushed to Supply ZoneJust a quick update on ETHUSD. You can see from the previous analysis that associated price action pushed all the way to the supply zone and is at a critical decision stage. If price can push through this area (red arrow) and then breakthrough and retest we can see further price levels at previous highs. If the price can't break through the demand zone below is the area that we can expect the price to fall to and even beyond that if bearish overall momentum picks back up steam. *Note - I suggest we wait until we see what PRICE will do and not just hit the hot button. Capital preservation is key. I am not a financial advisor and I can't tell you what to do with your money, but if it were me risking my capital, I would want to be like the Remora that swim under the SHARKS and eat when they eat in the direction that they eat in. Just my two cents.
BITSTAMP:ETHUSDShort
by alldyn_pip_king
ETH Poised For 11% Correction Following Rejection At $2,400 Ethereum price is back to hunting for higher support, preferably above $2,000 following a recent rejection. A rising wedge pattern shows that Ether has started an 11% percent retreat to $2,000. Ethereum is back in the red barely a day after rising to around $2,400. The pioneer smart contract token had led other altcoins into a considerable recovery, gaining ground from $1,730 to nearly $2,400. Perhaps the failure to close the previous day above $2,400 triggered another bearish dominance move as sellers rushed to take profits. At the time of writing, Ethereum teeters at $2,176 in the wake of a 7% loss over the last 24 hours. Ethereum Price Poised For Retreat To $2,000 The massive upswing toward the end of last week and on Monday was remarkable but unsustainable. It seems that fundamentals failed to catch up with the colossal price action, or investors were quick enough to sell the news. Either way, the correction is not unique to Ethereum. Especially with Bitcoin balancing around $36,000 after rising to $40,000 at the beginning of the week. Meanwhile, short-term technical indicators suggest that the correction will continue in the near term. Realize that the Moving Average Convergence Divergence (MACD) has a sell signal on the four-hour chart. The call to sell recently came into the picture as the 12-day exponential moving average (EMA) crossed below the 26-day EMA. The odds for an extended correction could sparkle as the MACD closed the gap to the mean line. A rising wedge pattern formation on the four-hour chart paints a bearish picture; hence the 11% predicted declines. It is worth mentioning that this pattern forms amid an ongoing uptrend and can be short-term or long-term, depending on the time it took to develop. The upper trendline (resistance) and the lower trendline (support) converge as the pattern matures. A surge in volume at the support break functions as validation for the bearish bias, explaining the progressing retreat from $2,400 toward $2,000. The correction target of 11% or $2,000 may fail to occur if Ethereum holds above $2,100. Here, bulls will focus on gaining ground back to $2,400 and later to $3,000. Ethereum Intraday Levels Spot rate: $2,180 Trend: Bearish Volatility: High Support: $2,100 and $2,000 Resistance: $2,400
COINBASE:ETHUSDLong
by CoinGape
1
#ETHUSD looks prime here! $2500 Incoming ?Welcome to this quick update on ETHUSD 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. Etherium looks really bullish as of now. Just like the BTC chart, I posted a few hours back. A healthy retracement would really be good for a sustainable rally towards $2800 breaking the 25k level first. I've plotted the two scenarios I expect from here in the chart. Scenario 2 seems likely. What's your thought on this? Do you think it will keep umping or retrace back for the 2k levels? Do share your views in the comment section and do not forget to hit the like button. #PEACE
by Cryptorphic
ETH, XRP, BTC ---> USD based pairings.You can see that we are back to that previous 4H zone and the price is having a hard time breaching that level (200 MA) is right above. If there isn't sufficient to change the momentum, my previous bearish bias still stands. The green path is what is least expected, the red path is what is (overall) expected. The bottom Zone edge or Baseline of that zone are expected TP ranges. What we have seen is just corrections against the prevailing trend. Remember, impulse waves are narrow and thin (go somewhere, make progress) and corrective movements are wide and fat.
BITSTAMP:ETHUSDShort
by alldyn_pip_king
1