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ETHUSDT - 10/10/20 METHOD 📉Hi Traders, Investors and Speculators of Charts📈 The scope of corrections (in other words the percentage) is different from one chart to another. On ETH, we see an interesting trend in terms of pullbacks - two smaller corrections before a bigger pullback. This leads me to the conclusion that the next pullback on ETH may only be around 10%. From a technical indicator perspective, we can clearly confirm that ETH is trading bullish from a macro perspective, along with the rest of the market: Incase you missed it; here's yesterday's update on DOGECOIN: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BITSTAMP:ETHUSD BINANCE:ETHUSD BINANCE:ETHUSDT
Short
by CryptoCheck-
3
ETH/USDT 4H ChartI invite you to review the chart of ETH in pair with USDT, on a four-hour interval. Let's start by defining, using the yellow lines, the upward trend channel from which we can observe how the price begins to break down. Moreover, it is worth saying that such a bottom exit from the channel often results in a price movement by the height of the channel. In this situation, let's now move on to marking the support places. To mark supports, we will use the trend based fib extension tool, and here you can see how the price is struggling at the support zone from $2,907 to $2,872, but if the zone is broken, you can see how another strong support at $2,771 is in the previously designated place. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here the first resistance is visible at the price of $2,971, and before further increases, the price will again have to face the resistance zone from $3,040 to $3,075. When we look at the RSI indicator, we will see a rebound movement, but here there is room for further correction, similarly on the STOCH indicator we are in the lower part, with room for further recovery.
by cryptodailyuk
1
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders. Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the ETH 1-day update. the price has been rallying after rebounding from the 2,200 support level a month ago. Both the 2,400 and 2,700 resistance levels have been broken with ease, and the price has also pushed above the large ascending channel. The 3,000 resistance level is currently being tested, and the market is failing to climb higher. ETH’s price might decline toward the 2,700 level in case a correction occurs before breaking higher. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
1
Ethereum- Important bullish breaks, but...My recent target of 3k for BITSTAMP:ETHUSD was not only reached but surpassed. However, more importantly, Ethereum managed to break above important levels in achieving this feat. The previous recent high at 2700 was breached, as well as the resistance of the ascending channel initiated back in June 2022. All of these are strong bullish signs. However, as in the case of BITSTAMP:BTCUSD , the recent upward move is overextended, and a correction seems highly probable at this moment. This normal correction could lead to a price drop to the 2700-2750 support level. However, if bulls are unable to maintain this zone intact, the situation becomes gloomy. These two false upward breaks could potentially reverse the price even down to 2200. In conclusion, a correction to 2700 is something normal and should not come as a surprise. However, a break below this level poses problems for bulls.
BITSTAMP:ETHUSD
by Mihai_Iacob
9
ETH- Gann Angle ConvergenceETH is above the convergence of two Gann angles. The first angle (in red) is pulled from the bull market high to the bear market low. This angle is resistance. The second angle is from the previous bear market low to the previous bull market high. This angle is support or resistance, depending on whether the price is above or below the angle. A convergence of two angles is a strong S/R level. ETH is above the angle convergence, but it needs to solidify its hold. Currently, it looks like it could lose this level, the same as Bitcoin. However, if it does manage to flip this level to support, the next target is at around 4.5K. Not immediately, but it will become a tangible target. What do you think? Best Wishes
INDEX:ETHUSD
by NewThoughtCrypto