Ethereum forum
ETHUSD abnormal movement, price surge without any correction, careful
SOLUSDT SOL is currently testing a previously broken downtrend boundary as part of a corrective phase. Bulls are demonstrating aggressive efforts to maintain price levels above key support, reflecting optimism amidst market anticipation tied to significant upcoming events.
Weekly Timeframe Analysis:
The market remains supported by the SMA50, signaling a continuation of the broader uptrend. Key levels to monitor are 204 and 175, which define the current trading range. A decisive breakout or breakdown from these boundaries will likely dictate the next significant price movement. However, a retest of resistance appears more probable in the current setup.
Daily Timeframe Insights:
Yesterday’s session saw a false break below strong support, aligning with the previously broken downtrend resistance. This suggests the bullish sentiment remains intact. Coupled with potential market-moving developments, this setup could favor further upside momentum.
Key Levels to Watch:
Resistance: 204–206
Support: 182, 174
If the price retests the 174 support level and consolidates with a gradual downward compression, it could heighten the risk of a bearish breakout. However, given the underlying fundamentals and technical structure, a consolidation above 182 is more likely, supporting the case for continued growth.
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ETHUSD this is ETH's last cycle. BTC from here on. Bearish af price action... never came close to prior cycle highs while BTC almost 2x'd from last cycle. Dumps harder than someone after fast food binge. RIP.
ETHUSD so that’s it? We only have to test 3k once and to the moon? But BTC Had to test 92k 7 times and then broke down to 89k, but no worries we’re good now to risk our money at 94-95k same day. K… make it make sense
ETHUSD looks to be the final flush before the push up.
ETHUSD I'm Short nowSL: 3227
TP: 2955
ETHBTC ETHUSD ETHUSDT The trendline between the lowest previous prices (I've called it the Golden Line of Escape here) has been broken on the ETH/BTC pair - or maybe not yet, depending on how you draw your lines, but I think it's at a crossroad where it could break. Additionally the 20/50/100 EMA crossed the 200 EMA on the weekly chart already in the past weeks. What can be said for sure is that ETH is continuing along the downward channel that started in Sep 2022 for now. A strong USD is currently holding everything but BTC in a chokehold, allowing only occasional impulses of relief. Now it will be interesting where ETH will bottom out.
ETHUSD failed to bounce off the drop like other alts. ETH is done