#Ethereum Expands; Will ETH Bulls Break Above $1.7k?Past Performance of Ethereum
Ethereum is lower at spot rates, within a bear breakout formation. The ETH price is below the 20-day moving average and is down 10 percent from this month's highs. Even though buyers are confident, the short-term trend will only change should ETH break above $1.7k.
#Ethereum Technical Analysis
ETH is in range. The upside is limited at $1.7k, a critical resistance level. Meanwhile, support is at $1.5k. Though prices increased on February 14, the short-term trend is bearish. Prices are inside the bearish engulfing bar of February 9. Besides, yesterday's pump is with relatively low trading volumes. Therefore, unless ETH breaks above $1.7k, the odds of the coin dropping below $1.5k remain higher. Conservative traders can wait for a break in either direction before committing. Any break below $1.5k may see ETH drop to as low as $1.35k.
What to Expect from #ETH?
The immediate trend remains bearish despite yesterday's expansion. Resistance is at February highs at $1.7k. Because last week's bear formation still defines prices, the possibility of sharp dumps cannot be discounted.
Resistance level to watch out for: $1.7k
Support level to watch out for: $1.5k
Disclaimer: Opinions expressed are not investment advice. Do your research.
Ethereumprice
#Ethereum - Thoughts out loud #6Good afternoon, dear colleagues!
I am glad to welcome everyone who wants to familiarize themselves with my vision of the current situation on this instrument.
Is it worth continuing? Please leave a comment.
Dear colleagues, I sincerely thank you all for your attention and wish you all success!
And remember one thing:
"sometimes you win, sometimes you learn"
ETH Technical analysis & Next moves 1st Quarter!Greetings and Happy new Year fellow Investors Traders and ofcourse beez!
In our today's post we will analyze ETH next moves in the upcoming months (Q1), taking into account all technical factors that may affect the price behavior and consequently price volatility . As we can observe on the chart, there are 3 possible scenarios that might play out based on our analysis. Since Mid-July, there is a HUGE Bullish Orderblock, around the area 1090$ - 1035$. As long as we stay above these levels, everything looks positive and we are safe and sound.
IMPORTANT: Keep in mind though, Orderblocks tend to act as a magnet, therefore, sooner or later we WILL visit this area.
In the case of breaching 1090$ support area, that holded well so far, we will test the lower threshold level of OB at 1030$, which is the least possible scenario (2) based on our plan.
At the time of the writing, after price tested the upper OB, that was created on 20th of December, it acted as a resistance, and bulls took over. It is also important to mention that, price and volume has been forming a bullish divergence, indicating us a buy signal and that Scenario 1 and 3 are more likely to occur. At this point it is important to mention, that based on the price behavior the last months, there has been a huge liquidity area (FVG), that hasn't been explored since then, and MUST be, the one way or the another.
Consequently, after today's leg up and after being rejected of the nearest support zone, we strongly believe, that the next moves involve, bullish action.
SCENARIO 1: Indicates, retest of the lower level of the Fair Value Gap, having our TPs at the level of 1340$, that acted as resistance. and then sharply correct to the lowest Resistance area, at 1080$-1100$.
SCENARIO 3(HOT): After retesting the lower level of the local FVG, break through, and close the Gap, leading us to the ultimate Resistance area indicating on the chart, at the area of 1660$. Make no mistake though, market sentiment is still bearish, and according to this plan, price eventually, WILL test the lower levels around 1080$.
Consequently, after analyzing all 3 possible scenarios, and taking under consideration that the correlation between price and volume, we undoubtedly suggest that a good Long entry price is:
Entry Price: 1230 - 1250
TP1: 1340$ (Liquidity Pool)
TP2: 1425$ (Mid-range of FVG)
TP3: 1660$ (Ultimate Resistance Area - Reversal point)
SL: 1180$
IMPORTANT: This is strictly a Technical Analysis and Fundamentals CAN affect our Analysis!
Not a Financial Advise!
Trade with Caution!
Best Regards, CryptoQueens
#Ethereum Bulls Firm, will ETH Breach $1.7k?Past Performance of Ethereum
Ethereum is firm, swinging higher, and within a bullish breakout formation. After closing above the resistance trend line, ETH has been floating higher. However, prices are still below November highs at around $1.7k. This resistance line is critical and must be broken to validate the upside.
#Ethereum Technical Analysis
Bulls are confident, considering the series of higher highs in the past few days. Support lies at around $1.5k, with the bull bar of January 20 defining the short-term trend. As long as prices are within this bullish engulfing bar and $1.5k, every low might be an entry. Conservative traders, however, may have to wait for a high volume close above $1.7k before digging in, targeting $2k. The upside preview holds water because ETH bull bars are along the upper BB, indicating participation and relatively high volatility.
What to Expect from #ETH?
ETH prices are in tight ranges. Even after the gains of January 20, there must be confirmation. In that case, the coin may surge above $1.7k. This may provide the necessary momentum for the next leg-up to $2k or better in the sessions ahead.
Resistance level to watch out for: $1.7k
Support level to watch out for: $1.5k
Disclaimer: Opinions expressed are not investment advice. Do your research.
Ethereum Analysis 20.01.2023Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Ethereum Analysis 13.01.2023Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Ethereum vs "Ethereum killer" who will rise in 2023The past 2022 was difficult and painful for all cryptocurrencies. But there were cryptocurrencies that depreciated by -60% per year, and there were those whose value decreased by -99.9999%
In 2022, the Ethereum team and community held The Merge (we think everyone who is interested in ETH knows about the main changes that have taken place)
Despite the statements of skeptics, Ether confidently took second place in the crypto world. From the volatility trading pair ETHUSDT, whose price grew rapidly in 2020-2021, ETHUSD is increasingly turning into an "index" that other cryptocurrencies are guided by.
Ethereum's buyers are confidently buying back Eth in t he important liquidity zone of $1000-1250 and have not allowed the price to fall below for more than six months.
This is a good sign that ETHUSDT price may grow maybe not very sharply, but steadily in the future.
On the chart, we have schematically depicted the possible route of ETHUSD price growth until the beginning of spring 2023 to the $1800 region
We described the possible general route of the crypto market price movement in 2023 in more detail in this idea:
Separately, We would also like to touch on the topic of "Ethereum killers". For some reason, marketers of various crypto projects that have been launched on the market in recent years have fallen in love with this narrative.
Someone said that Ethereum transactions were slow, someone said that the transaction cost was expensive, and someone said that the blockchain had a low capacity... etc. And every new project had to "bury Ethereum" in its problems.
But as the table below shows, each potential "Ethereum killer" for 2022 lost in value and capitalization proportionally much more than ETH itself
By the way, for each coin on the list, we wrote an analysis and our vision of the possible price movement. You can easily find what you are interested in using the search.
Write in the comments what you expect from Ethereum in 2023, and maybe we forgot to add some "Ethereum killer" to such an important list)
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
#Ethereum Bulls Preparing For a Leg Up to $1.7k?Past Performance of Ethereum
Ethereum is up 30 percent from November highs, reading from the performance in the daily chart. Technically, sellers have the upper hand. However, from the current setup, there are impressive upsides following the close above $1.35k with rising trading volumes. As it is, the odds of ETH rallying to $1.7k is amplified.
#Ethereum Technical Analysis
Ethereum buyers appear to be in control since bull bars are riding the upper BB. The upside has been firm, and trading volumes have been decent. Notably, the rejection of lower prices in the early days of January 2023 is a positive development. Conservative traders may load the dips following the conclusive reversal of November 9 losses since bulls are in control from an effort versus result perspective. The breakout is with rising volumes, ETH can therefore rally towards November 8 highs at $1.6k before buyers target $1.7k, hinting at reversals after deep losses in 2022.
What to Expect from #ETH?
There are glimpses of strength. ETH is above the liquidation line at $1.35k and a rising wedge, with expanding volumes. The first target could be $1.6k and $1.7k, as mentioned above.
Resistance level to watch out for: $1.7k
Support level to watch out for: $1.35k
Disclaimer: Opinions expressed are not investment advice. Do your research.
Ethereum Analysis 23.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis:
#Ethereum in a Bear Flag, Critical Support at $1.15kPast Performance for Ethereum
Ethereum prices are firm. From the daily chart, there are higher highs relative to November 2022 lows and lower BB. Even though prices are under pressure, ETH bulls can build on gains of December 20, especially if prices reject attempts for lower lows. As it is, the primary resistance lies at $1.35k, while support is at $1.15k.
#Ethereum Technical Analysis
Overly, sellers are in control, analyzing the coin from a top-down, longer time frame preview. Of note, ETH remains inside a bear flag though prices are floating higher inside a rising wedge. For trend continuation, ETH bulls must confirm the gains of December 20. That means driving prices above $1.2k, with attempts to reverse the sharp losses of December 16. If the follow-through is with rising volumes, ETH may fly higher, allowing aggressive traders to fade the primary trend, targeting $1.35k. It is after ETH crosses $1.35k and the limit of the bear flag is when the coin can rally back toward $1.5k or better. However, losses below $1.15k may force the coin towards $1.1k and then $1k in the medium term.
What to Expect from #ETH?
Buyers are confident, but ETH remains in a bear formation with clear limits. Aggressive traders can double down on liquidation if prices dip below $1.15k. On the flip side, refreshing expansions above $1.2k and December 16 highs may be the foundation for even more gains in the near term.
Resistance level to watch out for: $1.2k
Support level to watch out for: $1.15k
Disclaimer: Opinions expressed are not investment advice. Do your research.
Ethereum Analysis 17.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis:
Ethereum Analysis 08.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis:
Ethereum technical analysis with USDT pair on BinanceHello,
Today I will take a look at ETH / USDT pair on Binance in the 4h timeframe. Ethereum is right now trading at $1250. The demand zone is sitting around $1100, and the strong supply zone is around $1250. Even if we had a few days of slightly upward movement, I believe a pullback will occur and the bearish cycle will continue to be strong. I can spot the formatting of a rising wedge bearish continuation pattern, and this is the reason why I am expecting the price to move in the direction of a downtrend. I am expecting that Ethereum will be around $1100 until the end of the year, maybe sooner. My signal for trading ETH / USDT is to go short.
Enjoy and have an amazing day!
BF
Ethereum Analysis 03.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
#Ethereum bear momentum strong, ETH Resistance at $1.35kPast Performance of Ethereum
There was a welcomed pullback on November 10, offering Ethereum bull relief. However, Ethereum bears remain in control, and the coin is down roughly 25 percent in the past trading week. As it is, every high remains an opportunity to unload ETH with targets at Q3 2022 lows at around $900 in the coming few weeks.
#Ethereum Technical Analysis
Ethereum bears are in control, and the coin within a bear breakout formation reading from the formation in the daily chart. Notably, ETHUSDT is within the November 9 bear candlestick range, and trading volumes are lower than those of early last week. Therefore, from a volume analysis, bears have the upper hand, especially if prices are below $1.35k or November 9 highs. Since sellers are dominant, prices are in range mode, and the market is apprehensive, every high below $1.35k may be an opportunity for traders to hitch the ride, targeting $1.1k in the short term. Further losses may force ETH towards June 2022 lows at $900 in a bear continuation formation.
What to Expect from #ETH?
Sellers are in charge, and Ethereum prices are on weak ground, reading from ETHUSDT alignment in the daily chart. In the sessions ahead, traders should watch how prices react at $1.35k. Any breach could lift ETH towards $1.4k—or better, while deep losses below last week's lows could spook the markets.
Resistance level to watch out for: $1.35k
Support level to watch out for: $1.1k
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Ethereum in a Bullish Breakout Formation, ETH Support at $1.5kPast Performance of Ethereum
Ethereum prices might be up 27 percent from Q3 2022 lows. However, from the ETHUSDT daily chart, prices are cooling off, and buyers need to overcome immediate resistance levels for trend continuation. Of note, there is a liquidation line at around $1.7k that bulls must conclusively break above with expanding trading volumes for last week's buyers to flow back and thrust ETH prices toward $1.8k.
#Ethereum Technical Analysis
ETH is bullish in the short term. The immediate support levels are at $1.4k—the resistance line of the BB Squeeze—and $1.5k. On the upper end, the lid is at $1.7k. Besides, there are lower lows from the upper BB, an indicator of tapering upside momentum. However, buyers have the upper end since ETH prices are within a bullish breakout formation and in range inside the bull bars from October 24. Still, this forecast is only valid as long as prices are above $1.4k and $1.5k. Losses below $1.5k may force ETH back to $1.4k in a retest, potentially pouring cold water on the warming ETH prices and bulls. Based on the current formation, ETH buyers can load the dips with targets at $1.8k. Alternatively, they can wait for a close above $1.7k before ramping up, targeting $2k in a buy trend continuation formation.
What to Expect from #ETH?
Ethereum traders are confident. However, the upside momentum may fizzle, and buyers could begin liquidating if there is a drop below $1.5k. On the flip side, ETH may surge if buyers break above last week's high, as mentioned earlier.
Resistance level to watch out for: $1.7k
Support level to watch out for: $1.5k
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Ethereum Consolidates as a BB Squeeze Forms above $1.25kPast Performance of Ethereum
Ethereum prices are, based on the formation in the daily chart, stable. In the previous 24 hours, the coin has been relatively firm but bound within a bear formation pattern. The rejection of prices from spot levels and ETH bulls holding above $1.25k is a net positive. Still, the failure of Ethereum prices to soar above immediate resistance levels at $1.4k means sellers are in control, and there are higher odds of ETH slipping to new 2022 lows.
#Ethereum Technical Analysis
At spot rates, aggressive traders can continue unloading ETH on every attempt higher. The primary support is at $1.25k, flashing with the 78.6 percent Fibonacci retracement level of the June to August 2022 trade range. This is also the September 2022 low. Considering the significance of $1.25k, ETH must hold above this level, ideally with increasing volumes, if buyers are to build any upside momentum. Presently, a BB squeeze is clear in the daily chart translating to tapering momentum and anticipation of a breakout in any direction in subsequent sessions. Accordingly, risk-on traders can wait, aware that sharp losses below September 2022 lows may see ETH dump to $1.1k or even 2022 lows in a bear continuation formation.
What to Expect from #ETH?
The downtrend is clear, and sellers are in the driving seat, based on the candlestick arrangement in the daily chart. If buyers are to take control, there must be a strong, high volume and engulfing bar above $1.4k, pointing to a shift in the trend and, possibly, prices bottoming up. Presently, any drop below September 2022 would break bulls' resilience.
Resistance level to watch out for: $1.4k
Support level to watch out for: $1.25k
Disclaimer: Opinions expressed are not investment advice. Do your research.
ETH ANALYSIS#ETH UPDATE.
#ETH has broken above the symmetrical triangle and blue box resistance as well,now the blue box area is the new resistance for ETH.
Can take some long positions with blue box area s the new support and the stop-loss.
#Ethereum Drops, will ETH Prices hold above $1.23k?Past Performance of Ethereum
Ethereum gains of September 27 were quickly wiped by the close of yesterday’s bar. Thus far, price action tilts to favor bears from mid this month. The odds of ETH prices caving in further and registering new monthly lows are elevated reading from candlestick arrangement in the daily chart.
#Ethereum Technical Analysis
Sellers have the upper hand at spot rates, building on gains early last week. From a top-down analysis, bears are stronger and continue to reign. Therefore, for buyers to succeed and ETH to turn the corner, traders should reject attempts to push prices lower, sustaining prices above last week's lows at around $1.23k. Accordingly, in light of this current development, conservative traders can wait for a clean break above $1.5k or $1.23k before initiating traders. If sellers emerge on top, losses below $1.23k would see ETH meltdown towards $1.1k and even $1k in the short term.
What to Expect from #ETH?
The downward momentum is strong and sellers are firm. The Reversal of September 27 is enough evidence of their grip on price action. With selling pressure of yesterday spilling over to early Asian session, it is highly likely that ETH may slip to print new September lows in a bear trend continuation formation.
Resistance level to watch out for: $1.5k
Support level to watch out for: $1.23k
Disclaimer: Opinions expressed are not investment advice. Do your research.
Ethereum Options Idea for 23rd September 2022Since Ethereum has a immediate resistance level at 1580-1600 and immediate support level at 1300-1350, I thought of taking a trade in options by selling Call and Put at 1580 and 1350 levels respectively for an expiry on 23rd September.
I would keep a close eye on the FOMC meeting on the 21st, If i manage to get enough premium before the FOMC meeting, then I might as well cut my position.
Note: Options can be used when Ethereum is not moving in either direction.
ETH Ethereum heavy coin inflow into exchangesNext week we have the FOMC meeting.
Most likely the Federal Reserve will raise rates by 75 basis points. In case of 100 basis points increase, i expect a sell-off in the markets.
Major cryptocurrencies have seen heavy coin inflow into exchanges recently.
I expect a strong sell pressure next week.
ETH/USDT short
Entry Range: $1400 - 1500
Take Profit 1: $1365
Take Profit 2: $1220
Take Profit 3: $1065
Stop Loss: $1715
#Ethereum Slips despite Successful Merge, ETH Bears Target $1.4kPast Performance of Ethereum
Ethereum slumped even after a successful merge, trackers currently show. Presently, the coin is down a disappointing seven percent against a resilient greenback, confirming losses of early this week. Based on the daily chart's formation, ETH appears weak and would likely post more losses in the days ahead. As such, unless there are sharp gains above $1.8k, sellers may look to unload, selling the news with targets at $1.4k.
#Ethereum Technical Analysis
Ethereum is trickling lower despite solid fundamentals. At press time, ETH is below the middle BB as buyers struggle to soak in the strong selling waves set in motion on September 13. Per the formation in the daily chart, traders may look to unload with sights at $1.4k. On the other hand, Conservative traders may wait until there is a clear sell signal below the August 29 lows. In that case, there could be more entries to liquidate in a bear trend continuation with targets at $1.1k, the 78.6 percent Fibonacci retracement level of the June to August 2022 trade range. This preview will only change once there is an encouraging rally above $1.8k at the back of high trading volumes reversing losses of the second week of September.
What to Expect from #ETH?
Fundamentally could likely prop ETH prices in the short to medium term. However, sellers are in charge at present, and ETH may slide in a bear trend continuation pattern back to critical Fibonacci retracement levels, especially if $1.4k fails.
Resistance level to watch out for: $1.8k
Support level to watch out for: $1.4k
Disclaimer: Opinions expressed are not investment advice. Do your research.