Eth-usdt
🔥 Ethereum Going Up: Bullish Price ActionSince the major news from Ethereum released and EIP 1559 got implemented, ETH has not seen much bullish price action.
However, ETH is still seeing strong bullish price action during this time of relative low volatility. As seen on the chart, ETH is trading in a rising channel, making higher highs and higher lows in the process.
Moves like these are often a signal that something is brewing. Often the price keeps on rising for several weeks before a major push upward.
The major targets for the current bullish move is $3600 and $3800.
Happy trading!
ETHUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4-hour time frame. As you can see, the price continued to fall after the break of its support line. At the moment, we expect the forthcoming support to be able to support the price, and in case of a fall and stabilization below the support line, we consider a further fall. But if he can break the resistance line and stabilize above the line, he can move upwards.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
ETHUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4 hour time frame. As you can see, the price has started to move up after hitting its support line. We intend to hit the high targets as long as the price is above its support line. But if the price penetrates below the support line and stabilizes, we consider the fall to the next support.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
🔥 Ethereum Areas To Watch Next WeekOver the last few days we're seeing some horizontal trading in the crypto market. It could well be the case that the market will be seeing a period of lower volatility in the coming week since we've been trading straight up for over three weeks now.
My main area of immediate support is the yellow area from $2800-$3000, with $3000 being the strongest support.
I'm expecting the yellow area to hold over the week and function as a spring for a bounce at a later time. First resistance would be the $3450 level. The main target of the current bullish push is the $4000.
Happy trading!
ETHUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4-hour time frame. As you can see, at the moment, price has been able to touch our previous target and hunt our targets. At the moment, the price is above our support line and we will call the trend uptrend until the price penetrates below our support. But in case of breaking the support line and stabilizing the fall, we consider the next support.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
🔥 Ethereum Massive Break Out: UpdateA couple of days ago I made an analysis on the state of Ethereum. In this analysis I discussed the break out of the bearish triangle pattern and the expected moves in the near future.
Like I mentioned in my previous analysis, the fact that ETH did fall back to the top of the triangle's resistance was a very bullish sign. After the initial sell-off, ETH went straight up towards 2400. After a minor correction from there, we can now confidently say that ETH has broken through the massively important 2400 resistance level.
In the short term, 1-2 days, I'm expecting either a minor correction for the crypto market or some consolidation. Wouldn't be surprised if ETH will trade around 2400 for a couple of days.
However, I'm still very bullish on crypto in the longer term. Like I mentioned in other analyses, I think we're currently facing a mid-term correction and I'm betting on the bull-cycle to resume in the near future.
So, for the coming week or so, the main area of resistance will be the green area of resistance around 3000. I'm expecting ETH to reach this area within the next two weeks, unless something unexpected happens.
Things are looking quite good for crypto at the moment.
Happy trading!
🔥 Ethereum Massive Break OutCouple days ago I made an analysis on Ethereum and the potential break out at hand. I mentioned that a break out was to be expected and that the next major resistance lies at 2400.
The break out happened quickly and violently. The amount of bullishness came mostly from a short squeeze, check out my BTC analysis where I dig deeper into that.
Since we've seen a ~40% rally in a day or 6, I'm expecting a minor retracement in the coming 2-3 days or so. I'm eyeing the yellow support area from 2200-2100 to catch the reversal trade.
Happy trading!
🔥 Ethereum Short Term OutlookOver the course of 2 months, ETH is on its way to print a bearish triangle. As seen by the arcs drawn on the chart, the arcs are becoming thinner and lower, classical behaviour of a bearish triangle and a corresponding bearish outlook.
Of course, if BTC manages to retake lost ground, it's to be expected that ETH will follow suit. In the bullish BTC case, I'm expecting ETH to break through the blue resistance line over the weekend. For next week the major resistance lies at 2400.
In a more bearish outlook, it's to be expected that ETH will see some minor gains today, only to hit a wall at the blue resistance line and reverse back where it came from.
The red area of major support has held 4 times in the past two months. In case that ETH will follow a classical bearish pattern it's to be expected that ETH will break through this support at some point in the future. When the red area of support fails, I'm expecting a further drop to 1500 or even lower.
Happy trading!
ETHUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are up to 4 hours in the frame. The price is moving in an upward trend. We can buy floor and sell for high targets. If the price goes out of the floor, we consider the price correction. We are in an uptrend as long as the price is inside the trend line.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
🔥 EThereum Huge Break out: Bullish Week Ahead?Few days ago I made an analysis on the potential short-term price movements of ETH, what to expect and which areas to watch. This morning, helped by a very bullish alt-coin market, ETH has broken out of the multi-month blue resistance line.
Be aware that this also could be a fake-out like we've seen earlier, so keep a close eye on Bitcoin and its upcoming areas of resistance. Furthermore, a period of consolidation is more or less expected around the current price.
See my most recent Bitcoin analysis below:
So, assuming this is not a fake-out, this break out could signal the start of bullish price action in the near future. Like mentioned in my previous post, the current main areas to watch are $2630 and $2900, with the latter being a long-term target.
Although that the market is looking very good right now, a dip might still occur. I'm eyeing the $2000 support area to buy back in, in case the dip happens.
Happy trading!
🔥 Ethereum: Areas To WatchJust like Bitcoin, Ethereum has seen a nice increase in value since the dump 10 days ago. Recently, ETH has seen a strong bearish bounce off the top blue resistance line, falling back all the way to the channel support.
At this point in time, it's hard to say where the market will go. Bearish sentiment is still strong, especially with BTC failing to reach $36k. Same goes for ETH: the last couple of tops have been consequently lower and lower, bad news for bulls. In my view, there's a realistic chance that bears will take the overhand.
In case of a bullish move today, the blue resistance area is going to be the main point of interest. A bullish break out could launch ETH towards the $2630 area, whereas a bearish bounce is possible too. The bearish case for the coming 48 hours would be a move towards $2000, potentially lower towards the red area of support.
Happy trading!