Ethereumlong
ETHEREUM is Now the KEY Chart for the Crypto Market 🗝️🎬ETHEREUM is approaching it's Key level *previous major level (resistance/support/resistance).
Unlike most of the times that we look at BTC to make analysis and prognosis for the market, at this stage ETHEREUM is the one chart that decides if we will have a Bullish or Bearish next couple of days.
If the price can breach over this level the chances of a second-leg Bull run are ON for good!
If the price fails at this resistance it might drop harsh to re-visit the unchecked level at 2871$
Get your pop-corn today and stick on Ethereum price
One Love,
the FXPROFESSOR
ETH Teases Launch To $4,000 As Discussions Balloon
Ethereum lifts above stubborn resistance at $3,400, opening a path to $4,000.
Social media mentions surrounding ETH spike to levels seen in early August.
Ethereum jumped to a 14-week high of $3,484 on Tuesday following a confirmed break above $3,200 on Monday. The gigantic smart contract token swung above the prevalent resistance provided by the 61.8% Fibonacci resistance level, paving the way to a new August high.
Ether is trading at $3.415 following a correction from the highs mentioned at the time of writing. The breakout above $3,400 is believed to be the gate pass for Ethereum to rise to $4,000. However, bulls seem to have run out of momentum. All the same, higher support, preferably at the same zone, will keep the upward trajectory intact.
Ethereum Sees Spike In Social Volume
Ethereum was the best performing major asset in the previous week, according to data analysis platform Skew. Ether beat Bitcoin performs due to the mitigated retreat toward $3,000 as the market trimmed gains.
Meanwhile, the rise above $3,400 sparked increased discussions surrounding the largest altcoin. The spike in social volume across platforms like Twitter, Telegram, and crypto subreddits comes after a week of calmness.
Data by Santiment shows that the volume hit 4,144, dwarfing the previous high of 3,892, recorded on a 90-day trailing average. Social media mentions give an insight into the interest investors are having toward a crypto asset. The price tends to rally in tandem with increasing social volume.
Ethereum is trading above a previously stubborn resistance; thus, with a slight push, it could quickly close the gap to $3,400. The Moving Average Convergence Divergence (MACD) indicator adds credence to the bullish outlook. An incoming buy signal will call more investors into the market, propping Ether for extended action to $4,000.
The Relative Strength Index (RSI) shows that Ether is not overbought yet. The neutral position suggests that bulls have plenty of room to explore. As RSI closes the gap to 70, the bullish grip will tighten, bolstering ETH further.
Ethereum Intraday Levels
Spot rate: $3,435
Trend: Bullish
Volatility: Low
Resistance: $3,600
Support: $3,400 and $3,200
Eth/usdt : Very important levelHello traders ,
Today i'll share with you my analysis , as we see in the chart The Golden Ratio of the Fibonacci ( 0.618 level) Presses Ethereum and blocked it from moving up .
the yellow line is a very strong resistance and eth rejected from this level , eth need to break the 3500$ And from here we expect it to rise to 4300$.
Hope you enjoyed my analysis ,you can support us with like .
ETH ready for $34KWe just broke above the Bearish trendline with a slight retest, next we may see a push towards $34K as we go through the weekend. Also taking a look at the RSI it indicates we've touched a nice trend line here which could send us on an Uptrend.
If we do hit the above resistance at $3,315 we could hit a reversal & fall back too $3,110 which would fall to the top of the previous Bearish trendline which we just broke above.
Ethereum SHORT introducing USD smart contracts blockchainEthereum failed to recover above the $3,120 pivot zone against the US Dollar. ETH price is declining and it could extend its losses below $2,950.
Ethereum struggled to recover above the $3,120 and $3,125 resistance levels.
The price is now trading below $3,080 and the 100 hourly simple moving average.
There is a major bearish trend line forming with resistance near $3,150 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could accelerate lower if there is a close below the $2,950 low.
Ethereum Price Remains At Risk
Ethereum started an upside correction from the $2,950 low, similar to bitcoin. ETH price surpassed the $3,000 and $3,050 resistance levels.
There was a break above the 23.6% Fib retracement level of the key drop from the $3,280 swing high to $2,950 low. Ether even spiked above the $3,100 level, but there was no upside continuation above the $3,120 resistance level (the last key breakdown zone).The price also remained well below $3,150 and the 100 hourly simple moving average. It seems like ether was rejected near the 50% Fib retracement level of the key drop from the $3,280 swing high to $2,950 low. There is also a major bearish trend line forming with resistance near $3,150 on the hourly chart of ETH/USD. It is now moving lower and trading below the $3,000 support. On the upside, an initial resistance is near the $3,025 level.
The first key resistance is now forming near the $3,080 level. The main resistance is still near the $3,120 level. A clear break and close above the $3,120 zone might start a fresh increase. In the stated scenario, the price might recover towards the $3,200 resistance. If ethereum fails to continue higher above the $3,080 and $3,120 resistance levels, it could extend its decline. An immediate support on the downside is near the $2,950 level. A downside break below the $2,950 support zone could spark a sharp decline in the near term. The next major support could be $2,880, below which the bears might aim a test of the $2,600 support zone.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is now gaining pace in the bearish zone.
Hourly RSI – The RSI for ETH/USD is now below the 40 level.
Major Support Level – $2,950
Major Resistance Level – $3,120
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Chainlink Long!Chainlink has had a weekly Change of trend to bullish. We can likely expect price action to gravitate to the above imbalance around the $37 region. It would be healthy if price action had a pullback to fill the Imb and mitigate $17 to $22 of region. I personally accumulated more around the $15 price mark as I think long term with the chainlink ecosystem growing this project will be massive. Trades safe and consistent! Do not buy on FOMO!
Update: ETHUSD Swing Currently 53%, 9% Gain to Target 🎯 Update: ETHUSD Swing Opportunity Currently 53%, 9% Gain to Target 🎯 @ $3,617. See previous analysis below. Happy Trading :)
Update 10/08/2021: ETHUSD Currently 6% In Profit 12% Target 🎯 Now 44% in profit from the 13 EMA 50 SMA crossover. Next target @ $3617 and new ATH @ 4804 before October.
ETH/USDT looking bullish now! 26th July
• 4h time frame
At time of analysis, on 26th July, ETH price is $ 2.236, with all indicators on 4h time chart pointing out to an immediate pullback to previous support level.
This could be a good opportunity for daily or swing traders to short!
RSI is strongly overbought on 4h as price broke the upper side of the Keltner channel, being now close to previous resistance levels. For this reason it is very probable the level won't hold and the price will target next lower support at 2190-2150 area.
Historically whenever the upper boundary of the channel was broken an immediate pullback to the EMA occurred, this corresponding to the range previously mentioned.
IMMEDIATE SHORT
ENTRY PRICE: > $ 2.300
TARGET I: $ 2.180 (if the downtrend continues)
TARGET II: $ 2.110
TARGET III: $ 2.040
STOP LOSS: $ 2.400
After the first short target, price could continue the move to the upside, so it would be better to wait for confirmations before setting up the selling orders at the other two identified targets. In fact, historically, whenever the price broke the upper level of Keltner channel after a long series of testing the lower side, price started a period of consolidation between the upper and the EMA levels of the channel. For this reason, I expect with very high probability at least three waves of higher highs and higher lows.
27th July
Today, as nicely predicted yesterday price hit first short target which acted as support as it is now continuing the move to the upside. Personally, based on 4h time frame analysis, I think that after the immediate pullback up to first target, this corresponding to the trendline identified by the EMA of the channel, it will continue with its bullish move to the upside, as daily time frame is still looking very bullish.
In fact, looking at price chart on the daily time frame we can see how RSI index is still far away from being overbought (59.5 at time of analysis), currently headed to test resistance identified at 62 level, while price looks will test the upper level of Keltner channel, with the MACD just crossed and the recent confirmation in volume.
POSITION: LONG
ENTRY PRICE: $ 2.185
TARGET I: $ 2.340
TARGET II: $ 2.535
TARGET III: $ 2.720
Swing traders could therefore alternate short and long positions to better capture all price movements between the boundaries settled by the Keltner channel, keeping in mind markets in general are strongly influenced by the recent bullish Bitcoin outbreak.
ETH Daily Analysis 7th Ausgust 2021As the chart tell us that ETH already break out 1767-2300 range zone
Eth also break out strong resistance 2860 which formed on May -June 2021
Clearly, Eth is heading to strong resistance around 3200-3300 which would confirm strong uptrend to 4100 zone.
Senario 1: Eth fail resistance 3200-3300 retest 2860 support
Senario 2: Break 3200-3300 , confirm strong uptrend, heading to 4100 zone
ETH Double bottom setup 🔥Hello Traders. Today I want to share my thoughts on ETH.
There is a double bottom pattern or W pattern on Daily chart as you can see. 2400 seems like a good place to long in my opinion.
🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades.
🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders.
Thank you guys for reading my idea on ETH and don`t forget to comment what you think. ✌