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Ethereum soars to new record highs, as technicals target $1,800 Ethereum breaks out from an ascending triangle aiming for new all-time highs at $1,800. ETH’s uptrend has been validated by the MACD and the daily close above $1,400. Ethereum has recently become a digital asset to watch with its holders preferring to stay for the long term. On the other hand, Bitcoin is relatively stable, suggesting that recovery above $40,000 will be an uphill battle. After retesting support at $1,200, Ether has been consistent in its recovery despite meeting critical barriers at $1,400 and $1,450. The pessimistic outlook on Tuesday was ignored with Ethereum embarking on a barrier-breaking exercise. The formation of an ascending triangle pattern allowed the bulls to take control over the price, following a break past the x-axis. Ethereum has risen above the old record high and is currently settled above $1,500. Ascending triangles are key technical patterns that identify consolidation periods that culminate in the continuation of the preceding trend. The patterns stand out for giving traders exact price targets following a breakout. This target is measured from the highest to the lowest points of the triangle. In this case, ETH has a long way before hitting the 22% upswing to $1,800. Meanwhile, Ether is doddering at $1,540 amid a building bullish momentum. The bullish narrative can be confirmed by the Moving Average Convergence Divergence (MACD). The MACD line (blue) recently crossed above the signal line, encouraging traders to buy more of Ethereum. When carefully applied, the MACD can be a strategic trading strategy. However, it is best to incorporate other indicators as well. It is worth mentioning that Ethereum may fail to rally to $1,800 if the uptrend fails to break above the near term key level of $1,600. On the other hand, support must be established above $1,500 to allow buyers to take charge and focus on lifting Ethereum to higher levels. Otherwise, Ethereum may correct to confirm support at $1,400 or $1,300. Ethereum intraday levels Spot rate: $1,540 Relative change: 28 Percentage change: 1.8% Trend: Bullish Volatility: Growing
BITSTAMP:ETHUSDLong
by CoinGape
2
Ethereum to $2000!As you may know I am pretty bullish on Ethereum, even more now that the price created new all time high at $1500! Since there is no push back, selling pressure I expect this $1500 top to be easily broken today and extended gains towards $1600 will not be a problem for ETH. Ethereum is currently located in a bullish channel where a break of $1500 will bring increased bullish momentum. MACD is about give a buy signal and RSI is in a clear trend of higher lows. My target is below $2000. Good luck with Ethereum!
Long
by TiborVrbovsky
3
ETH Literally to the stars!Underlying bull trend on ETHBTC that I have just noticed This will dominate as the bear trend has reversed (breakout from a falling wedge) ETHUSD can be seen forming a flag (bullflag) from a curved flagpole or (scallop) This is really bullish and I am heavily invested, imo you should hop on board aswell Everyday DeFi Pulse is pushing new highs, showing the power of projects built on top of Ethereum Some popular ones are Maker, AAVE, and UniSwap (gems can be found among the saturation) This is my reasoning behind a massive move for Ethereum, it seems ETHUSD price isn't reflecting currently the bullishness of projects built on the platform Hopefully this post allows some realization for whales We have recently been exposed to a lot of buyers through WallStreetBets, I assume a lot of these new believers will join the cryptocurrency movement. Generational wealth is in effect. Some of my older work on ETH Big things coming for ETH and Vitalik
Long
by Bixley
ETHEREUM - Been a good 'example' 🧮Patience is key in trading guys. Many of you get emotional, expect your trade or investment to rise on a straight line.... sorry, not gonna be happening Well, Ethereum has been such a GREAT example of how: 1. the direction is clear (has been a buy- look at our ideas) 2. every time it corrects it offered an opportunity to buy again 3. it did also offer opportunities for short positions (especially for us who hedge a lot) patience (check our various ideas) paid out and is paying out So what's next? For us is taking profit time (again) and we keep some for a rise further higher. We are also trying and compounding some small short positions (25% atm).
BITSTAMP:ETHUSD
by FX_Professor
Ethereum (ETH) Less Than $1600 Is Damn CheapHey friends, hope you are well, and welcome to the new update Ethereum coin. 14000% rally: From 2015 to 2016 the price action of Ethereum rallied from $0.15 to $21.49 that was more than 14000% gain. 22000% rally: After 14000% gains, the price action of Ethereum started the next rally from 2016 to 2018. This time it was more than 22000%, that was almost doubled move than the previous one. Bullish Cypher move: it can be also observed that before the second bullish rally the priceline also formed a big harmonic Cypher pattern on the monthly chart and started this big move from the potential reversal zone of this bullish pattern. Bullish Gartley move: Now recently back in March 2020, the price action completed another bullish harmonic Gartley move on the monthly time period chart. I also shared this move in march as below: Now from the potential reversal zone of this pattern the price action has rallied more than 1500% sofar and reached the highest resistance level in its history. Conclusion: As the priceline of Ethereum has been reached the highest resistance level in its history. This big harmonic Gartley move is a powerful signal that the priceline of Ethereum is again going to make a big move like 2016 to 2018, and it can be doubled than the previous rally.
BITSTAMP:ETHUSDLong
by moon333
ETHEREUM - We remain BullishOur updated Ethereum chart. Shake-offs were opportunities to Buy again and we remain bullish on the asset. Unlike the previous month that we were focused on Bitcoin I remain focused on Ethereum at this stage simply because the fundamentals are strong (new version and CME futures) as well as the fact that the price of Ethereum keeps flirting with new all time highs, thus more headlines and new investors. All this until February 8, where as I have stated before it will be time to short it.
BITSTAMP:ETHUSDLong
by FX_Professor
1
Ethereum 4~5k+ TargetEthereum 2017 ATH Scenario 1) Ethereum daily candle closed just 6 days above U$1.200 (major resistance); 2) Ethereum touched just one time U$1.400; 3) 4 days after touch U$1.200, dropped down to U$770; 4) 24 days after touch U$1.200, dropped down to U$550; Atual Scenario (2021 ATH) 1) Ethereum daily candle closed 17 days above U$1.200 (major resistance)!!! 2) Ethereum touched 4 times U$1.400!!! 3) 12 days after touch U$1.200, went up to U$1.400. 4) 21 days after touch U$1.200 (today), the price is U$1.300. Comparison of scenarios It is very obvious that the current scenario is totally different from 2017 ATH. The ATH range (U$1.200 ~ U$1.400) is maintaining itself and does not want to fall, there is a lot of buying power close to ATH. It's just a matter of time to break $ 1,400 and rush to 4~5k+ level. PS: I believe it will happen this year, in the coming weeks / months. PS2: When ethereum breaks ATH, with daily candle closing above U$1.500, alt season will start strong.
COINBASE:ETHUSDLong
by WgrCryptoGuy
3
ETHEREUM -Video UpdateHi guys, on this video I explain why Ethereum is the crypto i prefer to invest in and also trade, in this period. Fundamentals being the new version that is coming out and also the CME futures commencing on Feb 8th. The chart is ascending but extremely volatile so maybe use a small leverage if you are not comfortable with a higher one. Hope you like the video and i appreciate your likes and comments. ps. February 8 is much later, keep in touch for more about that
BITSTAMP:ETHUSDLong
by FX_Professor
2
EXACT projection in artwork + mathematically possible in ETHTechnical analysis regarding the price of ETHEREUM in relation of dollar Binance for the next scenarios, based on 4 hour movement. The price formed an inverted Shoulder-Head-Shoulder graphic pattern (bullish pattern) and, if we take Fibonacci and project from the beginning of that leg kick, the target perfectly matches the size of the projection from the beginning of the neck line to the head. It is a beautiful thing to observe, with mathematical principles that can be respected! Price above the Exponential Moving Average of 34 and 89 periods and both moving away from each other. disclaimer *** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
ELong
by luizhcruz
2
Ethereum price potential to $3,000 becomes apparent Ethereum holds firmly onto support at the 50 SMA on the 4-hour chart. ETH begins the uptrend afresh, targeting levels above $1,500. A possible double-top pattern could jeopardize the rally to $3,000 and perhaps lead to more losses. Ethereum has been adamant to follow in Bitcoin’s footsteps over the last couple of weeks. The flagship altcoin executed its own rally even after BTC ran out of steam. The rise to a new all-time high was particularly encouraging to the investors, whose confidence in recovery to levels around $3,000 has increased greatly. Ethereum seeks higher support before resuming the rally The recent spike from the support slightly above $1,100 elevated Ethereum to highs around $1,481 (on Coinbase). It was clear that buyers eyed an upswing past $1,500 but Ether lost momentum, leading to a reversal. The 50 Simple Moving Average on the 4-hour chart has provided support for Ethereum at $1,300. ETH is trading at $1,365 as bulls push for a return to price levels beyond $1,400. The Moving Average Convergence Divergence or MACD suggests that Ethereum is gradually falling back into the hands of the bulls, evidenced by the move into the positive territory. Trading above $1,400 will add credibility to the expected move past $1,500. Moreover, a move of this magnitude could trigger the fear of missing out (FOMO) as investors rush to take advantage of another rally targeting $3,000. According to the Chief Technology Officer at Bitfinex, Paolo Ardoino: "The Ethereum price has pierced another all-time high. The potential of ether is becoming more and more apparent as it demonstrates a formidable capacity to support many projects. Ethereum is a key platform for building blockchain projects and is an integral part of launching decentralized applications. With DeFi protocols exceeding $19B in TVL and showing no signs of decelerating, we may see the price of ether grow alongside its use." Looking at the other side of the fence It is worth noting that Ethereum may slow down the uptrend if the double-top pattern on the 4-hour chart confirms. This will likely increase the selling pressure in the market, hence delaying the breakout. Moreover, losses may come into play that may retest support at the 50 SMA, 100 SMA, and 200 SMA.
COINBASE:ETHUSDLong
by CoinGape
1