Ethereum Breakout Soon??Ethereum has formed a very narrow range just under $2556. We have support from below at $2454. This consolidation of volatility will almost certainly precede a breakout. If we break to the upside, we must still contend with $2651. If weakness persists and we break down, then $2400 will provide support, but there is a vacuum zone to lower levels after that to $2324. The Kovach OBV has dipped sharply with the selloff and is looking a bit weak at this point, so we expect weakness in Ethereum to persist a bit longer.
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Ethereum Descending Triangle looks to be happening. Ethereum and tons of s-coins are posting bullish divergences on significant timescales right now. We're coming up short term. The dump resumes in a week or so.
Look for ethereum to come up to 2140$ over the next week or so. Watch the daily 200 EMA very closely. I'm very sure that the 200 EMA will reject us from 2140$ down to 500$.
It's about to get BRUTAL. But it's bullish for the next week or so first.
Are YOU ready?
Ethereum HS Formation - Targets 1700 - 1600 - 1300Ethereum HS Formation - Targets 1700 - 1600 - 1300
Dear friends
Ethereum has completed a head shoulder formation and we see as first targets 1700 - 1600 and 1300.
The neckline of this HS formation has already been broken and Ethereum moves downwards in the trendchannel. Traders have become extremely cautious after all the liquidations of accounts during violent declines and that make the chance for a rise smaller and smaller.
Normally the price returns to the neckline after a first decline. The question is now, does it stop after the first target is reached. If ETH goes lower than that an important key level is broken and we will probably see lower targets soon.
Please share your thoughts and idea's below dear friends. What do you think and why do you think it with or without a chart.
I wish you all good luck with trading guys!
Disclaimer: this is my view, no advice to buy or sell. Also always do your own research!
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Ethereum (ETH) • Hitting support again but macro trends weak Ethereum still looking terrible. Didn't break major resistance levels and now retesting lower lows once again.
No reason to be bullish on ethereum while we don't see significant bounce on strong volumes but also breaking the dynamic trendlines and quarterly opens outlines in the video.
Ethereum price prediction!
Ethereum price gained pace above the $2,100 and $2,200 resistance levels against the US Dollar.
ETH price is now trading well above $2,100 and the 55 simple moving average (4-hours).
There is a major bullish trend line forming with support near $2,200 on the 4-hours chart .
The pair could either decline heavily or it might start a new increase above $2,300 in the near term.
Ethereum price is struggling to hold gains above $2,200 against the US Dollar.
A technical setup in ETH looks ready to push it further up beyond $2,325.07.
looking at Ethereum price action since it broke the trend line on June 28, it has made a new intermediate high around $2,360.
ETH dipped lower only to test another trend line and I think that it looks ready for the jump higher.
ETH now should pop above $2,360, only to retest it later on this week before then trading higher toward a more significant profit level.
we had two confirmed tests: that each time pushed the price back toward that $2,360-level. If that trend line would break, ETH is still waiting for a retest and would be the next point of entry for buyers to enter.
The 55 SMA is also near $2,150. Any more losses might lead the price towards the $2,000 support zone. And any more losses could lead the price for a drop towards the $1,850 support zone in the near term.
An immediate resistance is near the $2,250 level. The next major resistance is near the $2,275 level . Any more gains could set the price for a move towards the $2,400 level. The next major resistance is near the $2,500 level.
Ethereum Testing Upper LevelsEthereum is drifting up toward highs as we mentioned in the last report. We said explicitly that $2965 was going to be our upper bound and if bull momentum continued, we were likely to test it. Watch for resistance here, and potentially a retracement. However, it does appear that Ethereum is likely to form a bull wedge with $2965 as the upper bound. The consolidation suggests it is gearing up to break out to higher levels. There is a vacuum zone above to $3473. From below $2400 should continue to provide support.
ETHEREUM ANALYSISETHEREUM is in uptrend
Price broke corrective downtrendline
Price rejected from 61.8 % Fibonacci level at 2182.50
Price is based above key level at 2470
Price is based above HVN at level 2430 which indicates that Ethereum is in accumulation phase
Above SMA 100
It's expected to target resistance level at 2893
Ethereum is resuming its downtrendEthereum started a decent-sized rally from its low of 2182 yesterday May 29th that carried the price as high as 2478. However, the price quickly corrected below the resistance of 2450. It attempted for a second time to reach that resistance and without success. Ethereum appears to be resuming it's downtrend. The upward rally we have seen yesterday seems to be nothing more than a 5-3-5 zig-zag correction. As I'm writing this, the price is trying to breach 2300, let's see what happens.
Ethereum Holding Strong!!Ethereum has seen nice support from our level at $3646, and will likely form a consolidation pattern as it gears up for another breakout. It appears to be in the consolidation phase of a dragon head pattern. The dip in crypto and meltdown in BTC did not seem to faze ethereum, and this demonstrates the strength this coin has at the moment. The Kovach OBV is broadly strong but has dipped a little with the selloff. A breakout would take us back to highs at $4293, but it is also reasonable to expect it to test lows again at $3646.
ETHEREUM - Short at 8KEthereum - one of the major headliners in this "alt season' appears to have just passed the moon and perhaps now en-route to Mars. However ETH is surely the fat-lady-singing and the end of the party as Bitcoin is now looking very weak fumbling on cliff tops. It is not a long I'm interested in.
But, if Ethereum can hit the same 1.618 fib as Bitcoin did and reach $8.3K I think it is a good short from there. The 2.272 looks far too far away, and I think price will hit a significant fib to find its top. Its risky but could be with excellent reward. This is also in tandem with Bitcoin collapsing (see my Bitcoin threads for details) and I think ETH can lose 90%+. Of course very good chance ETH does not even get close to my target, but that's ok.
I will have a short sell order waiting just shy of the mark.
Not advice.
Ethereum New Highs!! Next Profit Target??Ethereum has made fresh highs, and does not seem to be letting up. We are due for a retracement. The Kovach OBV is still strong, but tapering. The Kovach Chande has already dipped. We are seeing a few red triangles on the KRI, and the price action appears to be rounding off. This would just be a healthy retracement and would give us more time to accumulate a position at $2651 or $2556. Our next target for Ethereum is $2965, which is a bit generous at this point, but we should be closing in on this within two weeks or so.
ETHEREUM- Confused and IndicisiveEthereum seems to be going sideways, unable to either break resistance or flirt with a dip.
If Ethereum could have a voice it would probably be asking: 'Where do I go from here? Where do I belong?'
YOU BELONG HIGHER , said the crowd...
But my competition only keeps growing, they even fixed my imperfections , said an inner voice.
At the end of the day it's thye buyers or the seller who decide.
So, what do you guys think?
Ethereum New Highs!! What's Next??Ethereum blasted up to new highs, but has since retreated a bit. We found resistance from $2556, a technical level about which we have alerted you many times here. The Kovach OBV is still strong, but it will take some serious momentum to punch through and solidify those new highs. It is more likely that Ethereum will consolidate and prepare for another breakout. We could see a dip back to $2400, as it forms a bull wedge pattern, but the maximum it is likely to retrace is $2232. Either should be considered possibilities to accumulate a position. Our next target is $2962.
Ethereum broken previous high!!Ethereum is becoming more and more popular recently as bitcoin isn't very interesting to retail traders and new traders coming into the market as they would rather have higher returns and own a full coin rather than a fraction of a coin on bitcoin. but technically we are also bullish on this coin as it has just broken previous high and now we are seeing minor exhaustion, what i will be looking for is entry confirmation that buy pressure is coning back into the market and we could see an impulse move and Ethereum make its next move to the upside
Ethereum short to mid term analysisEthereum is just so bullish! If Ethereum breaks to the downside out of this triangle then I will change my set up and my Eth maximalism but also just short term to mid term (not long term).
However, Ethereum is currently leading the crypto market and even on the BTC/ETH chart you can see that ethereum broke out of a 3.5 years old chart pattern. Eth is on the rise. Do not underestimate Eth. It will cost you a lot.
Even the whole month of may looks just great for eht. Especially with all the upgrades coming on uniswap, eth and projects from the defi sector. short term targets are inside the chart. end of bullrun top for ethereum is for sure above $10,000. Hopefully I am not to low with $10,000.
Ethereum 22% LongEthereum has just repeated a previous pattern, opening up the path to a rise of about 22%.
From the above analysis, we can clearly see that over the past three to four months, ethereum has mainly moved between two channels; an inner/secondary channel and a main one.
The first time around, a double bottom on the main channel led to a break above the inner channel, a small correction, and then eventually to a top on the main channel. This pattern has now been reiterated, and with a break above the 0 fib retracement level acting as further consolidation of the pattern, ethereum resumes its pursuit of the $3000 level.
A break below the all-time high of the 15th of April ($2488.07) invalidates the pattern, which is why I recommend placing a stop loss around that level.
Trade safe people!
Ethereum marks new ATH heading to price target#Ethereum marks a new #ATH while #Bitcoin is trading sideways. We are close to my price target () for $ETH based on the double bottom - Love Technical Analysis a key to understand #crypto price behavior Stay tuned if you want learn more about TA in #cryptocurrencies.