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Ethusdforecast

Ethereum to break supportAs in Bitcoin's case, bulls don't have reasons to be happy at all... After the recent drop under 3k, Eth started to correct, but this rally was short-lived and very well capped at 3.4k. A double top has formed here and now we are sitting exactly on the neckline's support. A break here looks imminent and the cryptocurrency can accelerate losses to 3k again Also, a continuation to the downside will confirm that a lower high is in place and EthUsd can drop to very important 2750 support Sell rallies can be a winning strategy for this crypto and only price above 3400 would negate this scenario.
BITSTAMP:ETHUSDShort
by Mihai_Iacob
6
ETHUSD: Trying to Build Base for Climb HigherEthereum markets dipped ever so slightly on Wednesday but continued to find buyers on dips. It looks like we are trying to form a little bit of a base in order to recapture some of the recent losses. In fact, if you look at the bigger picture, you could even make an argument that we are forming a “falling wedge”, which is technically a bullish sign. That being said, it is not one of my favorite patterns, but it is something that some people will be looking at. Just above, we have the 50 day EMA hanging about at $3995 and sloping lower, so that will have a certain amount of technical influence on what is going on, but the market has sliced through the 50 day EMA more than once, so I would not be overly concerned about this. If we can break above there, then it should suggest that the market is probably going to be testing the $4100 level, perhaps then opening up the possibility of a move towards the $4500 level given enough time. I do like Ethereum, and I do believe that we will eventually go higher, especially considering all of the new improvements to the network that will be coming over the next six months. Having said all of that, that does not necessarily mean that we are going to simply take off to the upside, but what we will more than likely see is a building of bullish pressure over the longer term, giving us an opportunity to build up a position and then perhaps take advantage of the “Ethereum 2.0” rollout a few months now. I do believe that the $3500 level should offer support, and most certainly the 200 day EMA underneath at the $3195 level will as well. I have no interest in shorting Ethereum, although I do certainly recognize that there is a lot of downward pressure on it currently. Regardless, I think the real momentum-building move would be Ethereum breaking back above the $4000 level, and of course you need to keep an eye on Bitcoin, because it does have a bit of a “knock on effect” in this crypto market, as well as pretty much anything else. At this point, we are simply building up a bit of a base so that we can continue the overall uptrend.
BITSTAMP:ETHUSD
by SmoothJB
Ethereum- I remain bearish in spite of recent growthIn my Monday's comment, I said that I expect 4k to fall for the simple reason that is too obvious, and it did, Eth dropping afterward to 3675. Now the coin is reversing and so far there are no reasons for optimism I expect 4k zone to be well defended by sellers and I expect continuation to the downside in the coming days. Only EthUsd back above 4.2k would change my bearish opinion and for the time being my target remains around 3.5k
COINBASE:ETHUSDShort
by Mihai_Iacob
14
ETHUSDETH/USD has seen a steady and rather incremental price recovery this week after last weekend’s decline, but trading this morning is showing signs of value erosion After almost hitting a price of 4500.00 in early trading this morning, ETH/USD has come off this high water mark not seen since the 3rd of December and slipped slightly.  As of this writing, ETH/USD is near the 4360.00 ratio and trading conditions appear rather fast. Important short-term lows are within sight technically. If ETH/USD begins to challenge the 4350.00 to 4340.00 marks this could send a shiver of nervousness within speculators. Yes, ETH/USD has done well since the bedlam demonstrated late last week took the cryptocurrency to lows that were not anticipated.  After recovering from the spike which saw a low value of nearly 34700.00 exhibited, ETH/USD has methodically proven many buyers remain active. However the price action in Ethereum does remain rather volatile and trading just a few days ago demonstrated nervousness remains abundant. On the 6th of December an early high was reached around 4200.00 only to see ETH/USD plunge to a low of nearly 3925.00. And then only a little while later, ETH/USD was making a high of 4350.00 approximately in the same day. This is where the value of ETH/USD is largely trading now three days later. Choppy trading conditions are certainly part of the everyday landscape of ETH/USD, but recent tests of the 4000.00 psychological juncture is likely causing an increased amount of speculative nervousness. If current price levels are sustained and support near the 4330.00 mark proves vulnerable, ETH/USD may see further bearish movement short term. The broad cryptocurrency market has demonstrated some price declines in the short term, as they have given back some of their winnings made the past few days of trading. Cautious speculators who are skeptical of ETH/USD upwards move made recently and believe another retest of lower support levels is going to be exhibited near term cannot be faulted. These conservative traders may want to wait for the 4330.00 to 4300.00 to be tested before igniting their selling positions. Traders who are looking for quick hitting trades, and want to sell after short term reversals higher have challenged resistance can also make a selling wager. If resistance actually doesn’t prove durable and the 4400.00 to 4420.00 marks are toppled, another test of 4450.00 to 4500.00 could develop in the blink of an eye. Traders need to use their risk management wisely as ETH/USD fights to create a better trend. Ethereum Short-Term Outlook Current Resistance: 4400.00 Current Support: 4330.00 High Target: 4500.00 Low Target: 4153.00
COINBASE:ETHUSD
by SmoothJB