We're testing significant 0.5 fib support level, since there is a lot of bullish fundamentals about ETH, I think that ETH will going to pump in mid-short term.
Eth has recently weakened in its bullish trend, and been consolidating in a symmetrical triangle pattern. After a big correction yesterday, it has followed bitcoin back to the top of its triangle pattern. Will it break out? Emas say it’s definitely possible, however Btc rsi is shot on all time frames, and if it dumps it will take all alts with it. I believe Eth is...
monitoring the ETHUSD long term price channel... I think the yellow box is the first real resistance area as we attempt to enter the main bullish channel again... I expect to see a very fast move once we break the bottom channel resistance and enter the main price channel... which could take ETH price to the green box upper bound range. I will update this idea as...
Double tops on the ETH BTC chart. Strong BTC pricing has impacted the ETH - BTC market. On the smaller timeframes we are seeing a movement upwards countering this trend.
Ethereum rejected our previous ATH once. WHAT NEXT? Will ETH give us another opportunity to ride the next impulse? ETH is overall bullish trading inside the orange channel so we will be looking for Trend-Following Buy setups as it approaches our lower orange trendlines. Knowing that Ethereum can still trade higher aggressively from here, without us on...
Ethereum leads the altcoin season after jumping above $1,800 to trade a new record high. Investors speculate that Ethereum will rally to $2,000 in the near term before completing the leg up to $3,000. ETH will correct if the support at $1,800 fails to hold. Ethereum is currently holding above $1,800 after extending the bullish leg from the short term support...
With the exception of one All time high, we are seeing an average of 3-5 days in between each high, with a correction/dip usually happening within 1-2 days We saw a similar situation we are currently in where the all time high is tested but rejected in Jan 19, 24, 29. The big question will be, will the new all time high be broken next time around, or the time...
Ethereum's bullish momentum seems to be weakened on the daily chart, and I think it is aimed for a correction. The two major support areas are: 1. Yellow zone: $1318-$1400. If the price is still strong enough, I would expect it to test this zone and quickly rebound. 2. Green zone: $1450-$1222. If the price drop here, I think it will fluctuate and consolidate for a...
Hello traders long time no see as you know, all of the crypto markets are bullish now, but the key factor is that we need to see the fundamentals. ETH listing in CME is a big move that no one can deny grayscale buying ETH too so I definitely will put some in the basket and hold till the end of 2021 or, who knows, maybe 2022 technicals are smooth and reliable to...
I thought this may help. Parallel Ethereum up channel shown, while price remains above the "control line" dotted blue centre line, bulls are in charge, as per classical technical analysis. If price moves below control line, bears have more control. Bulls firmly in control here. Trade positioning is dip buying and holding. Green lines and zones are support. Stop...
ETH/EUR on the 1H timeframe shows the formation of yet another ascending triangle suggesting that a push towards the upside is likely. However, for this push to take place we will need more volume, as it now seems lower than previous days but i am confident that it will increase when the green candle will be closer to the resistance of the triangle ( trend line...
1. Ethereum did a triangle correction , the pole is measured 1 to 1, so the take profit is exactly 1700. 2. Short ETH at 1700 due to triangle breakout, the take profit for is 1 to 1 measured from the breakout point using the pole as a guidance. SHORT ETH
Look at the chart, ETH is near a resistance and a compression range, on the upper bound. The lower bound is not so strong so be carful with your position, but if its breakout, ETH will continue the ascension.
The $1700 resistance seems strong for the first time. I think ETH/USD will retrace at least to the $1400-1450 zone. Than should possibly be a an upward correction till $1500-1550 as the arrows show. Finally ETH should see a deeper zone around $1200-1300 (the bottom of the 1h uptrend channel.The possible downtrend is likely due the overbought state of the ethereum...
The price of ETH has set a new all-time high on Wednesday by breaking the round level of 1500 USD. However, the market still seems to be moving within a key pattern that looks like a potential rising wedge. Its upper limit is being tested and we may wait for a potential breakout or correction if it is not broken. What is more, we could spot a falling volume with...
based on this chart we can see there is a correlation between ethereum and bullish alt-season. we have received other signals such as doge, a coin who's price acts in a very cyclical manner, but it often precedes alt season. that is particularly a good sign considering ETH broke ATH and is looking quite strong vs BTC. Both btc and eth kept on exchanges is at an...
So what do we have? For the umpteenth time, we are testing the level of 1450 USD, forming a triangle with a vertical horizontal edge. In fact, on the one hand, it is a formed pennant, which works out for a breakout upward to the height of the previous growth before the correction is 200-300 USD, on the other hand it is an ascending triangle. If we add the growth...
WooHoo! ETH at 1450 point! But wait... What did just happened? Why the stale market turned bullish all of the sudden? 🤔 Every daily trader understands that volatility is key to profit and they are celebrating it today! Maybe that is why no one is asking WHY did this happen? Why ETH did not go to 1200 as it was forecasted? Why Monday demand and volumes were so low?...