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Ethusdidea

ETHUSDSpeculative nervousness remains rather loud within the cryptocurrency landscape. ETH/USD has been fighting for higher value, but headwinds continue to incrementally lower resistance levels in the short term. Technically, ETH/USD appears to be within a slow moving bearish trend, but traders should not be fooled by charts into believing volatility has disappeared. ETH/USD traded at a high of nearly 3888.00 yesterday, this before declining again and falling to around 3755.00. Reversals remain a strong theme with ETH/USD. While brief movements upwards are being demonstrated, the cryptocurrency seemingly has found it difficult to break resistance levels which can change behavioral sentiment in a strong manner. Major counterparts of Ethereum are also finding it difficult to gain traction higher in recent trading. The inability of ETH/USD to sustain a solid move upwards continues to indicate additional bearish momentum will be experienced. On the 3rd of January, ETH/USD did fall to nearly 3675.00, but a bounce higher was certainly produced which resulted in yesterday’s apex. An intriguing sign within ETH/USD is that the cryptocurrency has struggled to maintain value over the 3900.00 juncture in the past week of trading. On the 27th of December ETH/USD was around the 4125.00 vicinity when a violent selloff took place. On the 28th of December, ETH/USD struggled around the 3900.00 range, but then suffered another selloff which saw its value fall to a low of nearly 3775.00 on that day. Since then ETH/USD has actually produced a price range which has been lower. Lows testing the 3610.00 level have been produced a couple of times since the 29th of December. While the low of ‘only’ 3685.00 was made on the 3rd of January, it is troubling that ETH/USD remains within sight of depths which were last sincerely traded in October of 2021. Current resistance should be watched around the 3840.00 level. If this nearby barrier higher remains durable it could cause further nervousness and spark aggressive selling positions. ETH/USD has the ability to be volatile. Spikes can certainly take place which serve as a strong counterpunch. Conservative speculators who want to sell ETH/USD should use stop loss orders to protect against the potential of sudden bursts higher. However, short-term traders may be making the correct wager by looking to sell ETH/USD and aiming for support levels as take profit targets. If ETH/USD falls below 3800.00 and sustains values below, the cryptocurrency could traverse lower and test depths seen only a couple of days ago. Ethereum Short-Term Outlook Current Resistance: 3856.00 Current Support: 3771.00 High Target: 3902.00 Low Target: 3645.00
BITSTAMP:ETHUSDShort
by SmoothJB
ETH/USD: Climb Higher Could Spark Risky Speculative WagersETH/USD is trading slightly above the 3800.00 mark as of this writing. In yesterday’s trading, ETH/USD stumbled to nearly the 3715.00 level, before it sparked a reversal higher. However, ETH/USD remains within the lower realms of its one-month range and is still below mid-December trading realms. As the New Year begins its markets trading, speculators will have a difficult technical question to answer regarding their perceptions. The broad cryptocurrency market remains under pressure when looking at the past week of results. Cryptocurrency is not affected by closures of markets like many financial assets. Speculative wagers continued, and weekend trading has certainly affected Ethereum along with its major counterparts. ETH/USD is in the midst of a rather intriguing value and, if support is challenged below, it could spark nervous sentiment. The 3800.00 may be thought of as a fake psychological barrier by some technical traders, but if ETH/USD once again falls below this depth it could be a bearish signal. From the 29th of December until yesterday, ETH/USD continued to trade below the 3800.00 in a sustained manner. If the current price shows weakness again, traders may perceive yesterday’s late reversal higher as a temporary move upwards, while suspecting additional selling may be demonstrated. The level of 3775.00 should be watched by traders. Some aggressive sellers may decide this ratio is take profit vicinity if they are shorting ETH/USD, but to do that they would need to be using a conservative amount of leverage to make sure that trading moves in the wrong direction short term does not knock them out of the game. Resistance levels above around the 3840.00 to 3850.00 levels could prove to be difficult for ETH/USD to penetrate. And until ETH/USD moves above the 3900.00 level and maintains value above this juncture, the cryptocurrency could be perceived as remaining within a bearish mode. Speculators should be careful with ETH/USD as the potential for additional volume creeps into the market, if institutional traders do decide to get involved. Stop loss and take profit ratios should be considered wisely, because volatility may grow near term. The broad cryptocurrency market continues to display signs of selling pressure and ETH/USD has not escaped this shadow. Traders should not be overly ambitious and if their wagers are profitable, cashing in winning positions would likely be a good decision if they are produced. Ethereum Short-Term Outlook Current Resistance: 3847.00 Current Support: 3774.00 High Target: 3910.00 Low Target: 3694.00
BITSTAMP:ETHUSDLong
by SmoothJB
ETHUSD: Don't Miss the Impulse 🚀If we can breach this main supply we could have a strong run-up towards the seller stops. Price has done what it needed to trap and create liquidity. Do you think this bull run has potential? 🐂 Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬 🚨 RISK DISCLAIMER: Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use a tight stop loss. -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others! ⬇️ --------------------------------------------------------------------------------------------------------
Long
by AlkalineFX
2
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
Eth- I don't think 4k will holdIf you've read my analyzes, you know that I have "a problem" with an asset staying at support or resistance as an invitation to buy or sell and make money, as if it were so simple. Is exactly Eth's case right now, with the price coming back to 4k for all of us to buy and make money, and if you remember, a week ago Btc stayed at 55k and... I can be wrong this time, of course, but in 90% of the cases, these support/resistance fall eventually. From a technical point of view, Ethereum is in a descending triangle pattern with this 4k base, and a daily close under could accelerate losses. The first target for bears can be 3.5k low from the last week's sell of followed by 3k zone, strong horizontal support and the measured target for the triangle. I will stay short as long as the price is trading under 4.3k
BITSTAMP:ETHUSDShort
by Mihai_Iacob
24
Ethereum is bearish like almost all crypto marketEthereum recovered very quickly after last week's dump and in the long term, in my opinion, is the most bullish from all Big 4. However, as a rising tide lifts all bouts, same a falling one sinks them, and I also expect Eth to fall if the selling pressure continues in the crypto market. Technically speaking, since 10th November ATH, we have had lower highs on our chart and clear and strong support in 4k zone. A fail from the bulls to hold this support could lead to further losses and a new dive to last week's low. Also, if we consider the pattern from 10th Nov by now a symmetrical triangle, the measured target is around 3k, which also is important horizontal support. Disclaimer: This is only my opinion and not financial advice. Do your own research before entering a trade based on my analyzes.
BITSTAMP:ETHUSDShort
by Mihai_Iacob
19