Ethusdidea
ETHUSDT ETH support levels: 1483 & 1428
ETH resistance levels: 1528 & 1563
Trade according to our update. Do risk management
Analysis:
ETH trade on 1507$ . The global crypto market cap is $982.09B, a 2.11% decrease over the last day.Read Less
The total crypto market volume over the last 24 hours is $87.84B, which makes a 15.01% decrease. The total volume in DeFi is currently $3.98B, 4.53% of the total crypto market 24-hour volume. The volume of all stable coins is now $80.16B, which is 91.26% of the total crypto market 24-hour volume.
Bitcoin’s dominance is currently 39.64%, a decrease of 0.06% over the day.
ETH dominance 18.8%
ETHUSD: Is Ethereum Reaching $1,700 Soon? 27th October 2022This week, we will stick to the 4-hour time frame to analyze the price action in detail!
Bitcoin has finally broken out of the stringent resistance at $20,000. The price of ETH had been ranging between $1,400 and $1,280. This zone was broken with a push that came when Bitcoin broke its resistance. This resulted in Ethereum trading over 5% higher on Wednesday and making way for higher targets for the coming weeks!
If the breakout is sustained, traders can expect the price to test the supply zone at $1,700 soon. Conservative traders can wait for the price to retest the support at $1,420 before taking any long positions.
It is important for the price to sustain over $1,420 as a fall back into the zone can be viewed as a bearish false breakout.
At the time of writing, the RSI can be seen in the overbought zone which is pointing towards a small pullback to the breakout zone.
Traders can expect the rally to continue as long as Bitcoin is trading above the support at $20,000. For now, they can set a target at $1,700 with a strict stop-loss below $1,400.
The important price levels for this week are $1,420 and $1,700!
For more expert analyses, check out our trading analysis section! (link in bio)
EthUsd- Etremely important breakAfter more than a month of consolidation in a tight range between 1400 and 1250, Ethereum managed yesterday to break out and accelerated its gains to 1500.
This break is very important technically for 3 reasons:
1. The break is to the upside suggesting accumulation
2. The break of horizontal resistance coincides with the break above the falling trend line from the recent high at 2k
3. This break confirms 1200 as a higher low and very strong support from now on.
In conclusion, bulls are favored and I expect continuation to the upside.
From now on, buy dips can be a good strategy and an ideal zone for this is between 1400 and 1430 with a stop loss under 1200.
Targets are as follows:
1. 1750 the high from the recent leg down and an old support
2. 2000 the recent high and psychological level
3. 2500 important technical and psychological resistance and also 100% rise from the recent low, equal with the initial leg of correction from under 1k.
IS ETH GETTING READY FOR SOMETHING BIG?Hello trader, today I gonna share with you an important chart on ETH. This may sound crazy but it seems like ETH is planning something big, maybe a new all time high by next year April.
Timeframe: 1 week.
Update: ETH has been under the radar to start its bullish rally ever since we saw the drop toward $880. It stayed strong at the support trendline and managed to bounce back after the drop but it wasn't convincing enough. This time ETH is making another attempt to give a kick-start. What makes this chart more convincing is the RSI and the breakout above the 21 MA. If this move is for real then this could be the last time we will see ETH at this price range before it makes a big jump. On the other hand, if ETH breaks down and closes below the support line then we will enter the bearish mode once again.
I know this seems so convincing but I would suggest not relying on one aspect of the market. I am just a TA guy sharing my thoughts and ideas. The best option is to do some research on it and then spend your money wisely. I hope this idea was helpful.
I will see you guys in my next update.
ETHEREUM: STILL HOLDING THE SUPPORT.ETH is doing good so far. Although it is holding the $1260 support level, ETH is still under a bearish pattern. You may call it a bearish pennant or a descending triangle, in both cases, it is bearish. We may see a bounce back to continue with the pattern which will be good for scalping. But unless we see a breakout above $1347, a bullish move will still remain pending. Also, be careful with the breakdown, if ETH makes a move downward then this may change the market scenario.
I hope this update was helpful. Thank you for your support.
Trade safely, guys.
ETH USDT will retest the lows soonI will try to make it as simple as possible.
i will create 3 different SHORT/SELL trades for ETHUSDT.
SHORT 1349 take profit 1285.5
SHORT 1369 take profit 1274
SHORT 1398 take profit 1307
If everything gets filled that will be a 6.4% win and i am using 2x leverage.
STOP LOSS will be activated if 4hour candle closes above 1400 at 2.1%
for an overnight stop loss i will set it at 1427 but only for the night time because i will have no control.
it is expected to last maybe 3 days to be completed.
The idea is that ETH will reach those targets,then come back at today's levels before crashing to maybe 3 digits.
that will be the next idea and i will post it here if everything goes according to plan.
for everything else,i will update this idea.
FOLLOW FOR MORE
ETHEREUM: LOOKING GOOD.Hello traders, here's a quick scalping long trade set up on ETH.
I went long on ETH at $1319 and will surely accumulate the bottom.
Entry level between $1294 to 1332.
Stop Loss at 1271.
Target around $1376 to $1400.
Note: This is a short-term trade set-up. Invest only if you have done your research on it cause this is not a financial advice. I am just a T.A guy to help you with my analysis. So, do not rely on one source only, research, compare, analyze and then invest.
Trade safely.
Etherium - how the flat movement will end.The instrument continues to trade in the range min1218 - max1410. At the lower border of the trading range we don't see a pronounced buyer, as well as the lack of supply, this situation makes us wait for the logical completion and exit the flat movement into the trend. Trading inside the channel is possible.
If you like the idea, please like it. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy
ETH ANALYSIS#ETH UPDATE.
#ETH is currently trading in symmetrical triangle and ascending triangle with blue-yellow lone as the support.In oredr to move upwards ETH needs to close above the blue resistance zone however a close below the blue-yellow support will result in another dump for eth holders.
Ethereum - No significant changesEthereum continues to trade sideways like the rest of the cryptocurrency market. Because of no significant changes in fundamental and technical factors, we stay committed to our bearish view. Accordingly, we stick to the price target of 1 000 USD and 900 USD. We expect these price targets to be reached by the end of 2022. Indeed, we think it is possible the price will drift much lower below our price targets; however, we will update our thoughts on that as the downtrend progresses further.
Illustration 1.01
Illustration 1.01 displays the daily chart of ETHUSD and simple support and resistance levels. At the moment, we will pay close attention to the immediate support/resistance and price. The breakout to the upside will be bullish, while the failure of price to break above the resistance will be bearish.
Technical analysis - daily time frame
RSI is neutral. MACD is neutral and Stochastic points to the upside. DM+ and DM- are bearish. Overall, the daily time frame is neutral.
Illustration 1.02
Illustration 1.02 portrays the weekly chart of ETHUSD and two simple moving averages. The constellation of these moving averages support our bearish thesis. Indeed, retracements toward them acted as corrections of the downtred - just how we outlined prior to the these developments.
Technical analysis - weekly time frame
RSI is neutral. MACD is neutral and Stochastic is bearish. DM+ and DM- are bearish. Overall, the daily time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
ETHUSDT - Inverse Head and Shoulders Pattern!!ETHUSDT (4h Chart) Technical analysis
ETHUSDT (4h Chart) Currently trading at $1349
Buy level: Above $1340
Stop loss: Below $1260
Target 1: $1380
Target 2: $1475
Target 3: $1550
Target 4: $1660
Max Leverage 3x
Always keep Stop loss
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ETHEREUM: INTERESTING PATTERN TO LOOK AT.Hey guys, welcome to this new update on ETH.
Timeframe: 12 hours.
Update: The merge has taken place and we see a major -9% drop in ETH. This drop may not look good in a shorter timeframe but in this 12 hours timeframe, ETH is bouncing right from the support level. If we backtest then we will notice that ETH made a similar pattern back in June 2022 and then it broke out around 64%.
No wonder ETH could make a similar move after the merge. All eyes are on the lower supporting trendline. If ETH manages to hold this support then we can expect a bounce back soon.
Let's see what happens next.
Trade safely.
ETHEREUM: REJECTION FROM THE RESISTANCE!!!Hello traders, I hope your weekend was good. We are back again after the weekly close and things are still not taking a positive turn. Here's a quick update on Ethereum in a lower timeframe.
Timeframe: 4 hours.
Update: ETH gradually started pushing up after the sudden drop (from $1687 to 1487) on the 6th & 7th of September 2022. This pullback went from $1487 to $1789 almost a 20% rally. Currently, ETH is getting rejected from the resistance level of $1780. So far, the 21 MA is trying to hold the price at $1725.
Things are pretty easy and simple to understand here.
Point 1: If the 21 MA manages to hold the price, ETH will still need to break through the $1780 resistance.
Point 2: Breaking down below the 21 MA will drop the price back to the lower support level which is at the $1560 area.
Conclusion: I am not going long on ETH right now rather shorting (scalping) will be a good option. This is my personal opinion and not financial advice. Make sure you invest after doing your own research.
I hope this idea is helpful for you. Thank you for supporting me.
God bless and trade safely.
ETH: Dip Buying!Ethereum
Intraday - We look to Buy at 1581 (stop at 1541)
Short term bias has turned positive. We look for a temporary move lower. We look to buy dips. 50 4hour EMA is at 1580.
Our profit targets will be 1678 and 1708
Resistance: 1700 / 1750 / 1800
Support: 1650 / 1600 / 1550
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Ethereum - ETHUSD updateSince 14th August 2022, Ethereum has declined more than 20%, while at some point reaching almost 30% decline. That is an abrupt loss of ⅓ of Ethereum's value within merely two weeks. However, it comes to us as no surprise because on 15th August 2022, we warned about a 50% decline in the price of Ethereum. So far, half of the move has materialized, yet, we are still waiting for the remaining part of the decline.
Our view is supported by fundamental factors concerning high-interest rates, economic tightening, and a slowing global economy. Due to that, we will pay close attention to the upcoming FED meeting, which in our opinion, will further weaken the economy. As a result, we think risk aversion will rise and lead to a sell-off in the cryptocurrency market.
Meanwhile, technical factors also support our bearish outlook, with many indicators flashing warning signs. For example, moving averages confirm the presence of the downtrend across daily, weekly, and monthly time frames. Simultaneously, RSI, MACD, and Stochastic are bearish across those same time frames. These developments are very bearish, forecasting trouble for ETHUSD over the rest of 2022.
We dismiss any speculation about the “uber-bullish” effect of Ethereum's upcoming merge as nonsense. Although, we do not rule out temporary price bounce. Despite that, we stick to our bearish predictions with price targets at 1 000 USD and 900 USD.
Illustration 1.01
Illustration 1.01 shows the daily chart of ETHUSD and the bearish crossover between 20-day SMA and 50-day SMA; the crossover confirms our bearish thesis.
Technical analysis - daily time frame
RSI, Stochastic, DM+, and DM- are all bearish. MACD is neutral. Overall, the daily time frame is bearish.
Illustration 1.02
Illustration 1.02 shows the weekly chart of ETHUSD. It also portrays 20-week and 50-week SMA, which remained intact (in a bearish constellation) during the recent bear market rally. Indeed, the natural retracement toward the 20-week SMA represented a strong downtrend correction.
Technical analysis - weekly time frame
RSI, Stochastic, MACD, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish.
Illustration 1.03
The picture above shows simple support and resistance levels for ETHUSD.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.