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Ethusdshort

ETH gains to $4,200 in jeopardy as sellers aim for $1,400Ethereum explored levels under $2,200 toward the end of last week. The price drop was in tandem with Bitcoin’s pullback to $33,000. Other crypto assets also suffered, with Ripple revisiting support at $0.8. A recovery ensued with Ethereum gaining ground above several vital levels, including $2,400, the 50 Simple Moving Average (SMA), and the 100 SMA on the four-hour chart. This bullish showdown was gradual but consistent. However, several attempts to break the hurdle at $2,900 killed the hopes of lifting ETH above $3,000. Ethereum bulls battle to secure higher support Ethereum trades at $2,740 at the time of writing and after the rejection from $2,900. All attention is directed to finding higher support to prevent losses from gaining traction. The immediate anchor at $2,700 might try to defend the ongoing correction from revisiting lower levels at the 50 SMA and the 100 SMA. A symmetrical triangle pattern has been formed on the chart, bringing both bullish and bearish signals into the picture. Note that if the price cracks the upper trend line’s resistance, it will birth a significant uptrend eyeing $4,200. On the other hand, closing the day under the lower trendline might trigger massive sell orders, placing Ethereum on a downhill journey to $1,400. The dilemma Ethereum faces is reminiscent of the consolidation within the symmetrical triangle. The least resistance path is downward based on the direction of the Relative Strength Index (RSI). The trend strength indicator moves toward the midline, accentuating the bullish grip. Similarly, the MACD is about to flash a sell signal, further calling more sellers into the market. Hence, failure to hold at the 100 SMA or the 50 SMA could mean a potentially massive drop in the price. Ethereum intraday levels Spot rate: $2,740 Trend: Bearish Volatility: Low Support: $2,700, the 50SMA and $2,300 Resistance: $2,900 and $3,400
COINBASE:ETHUSD
by CoinGape
2
ETH/USDT - Bullish or Bearish? I had posted this last night but deleted it because ETH started pumping and I didn't want anyone to miss out on the gains because of my post. Unfortunately a couple hours ago confirmed my worst fears on the charts - just as we start getting up towards the top of the range and everyone is feeling bullish, we take a turn down to create the would-be right shoulder of what could end up being a gigantic 2 week bearish pattern if it plays out. ETH prices will crash all the way back down around ~$1,500 if this happens and the entire crypto market will do the same. This is right about where we started this bull run and seems like a very likely price target to potentially end it on. Get out while you can. Elon Musk just made some very suspect tweets. You should all know I'm extremely bullish overall but right now I have to put my bias aside and read what the charts are telling me
Short
by DigiLex_LLC
ETH to dip along with BTC in coming daysDue to BTC fall even Altcoins are facing hard time moving up. Going by the chart, looks like we heading for another fall soon (hopefully last major DIP) On the chart, ETH have already touched point A & B and it heading for point C which is falling between 1600-1700 zone. This would be a perfect buying opportunity for the long term traders. If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends. Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks. Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
Short
by Manjyot
1
ETH ETH Analysis ETH is bouncing from the local support of $2400-$2480. If ETH breaks this level the next support zone is $2200-$2230 area. The last major support zone is $1850-$1920. The major resistance for ETH is $2880-$2910 area and ETH needs to break and hold above this level to turn bullish again. If you are looking for a new position then place your orders in the $2440-$2480 range (don't go all in). Also, place some orders at the lower support zone levels for a sudden market crash.
by Bitcoinik
1
ETH/USDT : Being rejected from monthly levelBINANCE:ETHUSDT Hello everyone 😃 As I'm writing this update; BTC has been rejected from daily MA200 and ETH is stuck below monthly resistance ! So there could be a retracement to lower levels... Now, bearish order block has been formed and ETH is currently moving into a descending channel. It's most likely that recent bounces was over scaled on technical view, So we might see ~15% correction. However I won't get fully bearish till 45K; But I think it could be good for us to have taste of SHORTs from here. Also on BTC's chart : BTC has retested the daily MA200 and there any sign of attempts to breakout ! So it seems that bulls are easily ignored the uptrend movement... 🔴 Above descending channel or order block will invalidate the setup. Hope you enjoyed our analysis about Sentiment view on ETH's possible correction🙌 You can support us with your likes. Also you can share your opinion with us in comments 😉🙋🏼‍♂️ Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Short
by Helical_Trades
38
ETHUSD IdeaG'day Guy.. How's going? Today we analyzing another cryptocurrency ETHUSD. What i see here, this pair was following the leader creating deep correction. Currently, this pair was Supply Zone before pushing further down to complete the market cycle. In my personal understanding, everyone creating market liquidity to generate buyer & sell trader. As the cryptocurrency structure based on technology, we might see good upward movement after market liquidity enough to push the price go high. For now, this key level you guys should keep in mind: 2783.27 2539.73 1958.70 1371.19 Let's see what happen next.. Cheers
BITSTAMP:ETHUSDShort
by EYFMarkets
1
Ethereum/US Dollar Bearish BiasEthereum/US Dollar. Our bias is still bearish for this pair. we want the price should come down to retest the 1500 Level, This was a previous high, So once the price retest this level and this level get respected then we look for the buy option for another bullish leg. So let see how the price reacts to this level and we look for the buy option accordingly. This is not financial advice. It is just an idea, the Market can go in the opposite direction. So we have to follow proper risk management parameters.
BINANCE:ETHUSDShort
by fintiate
ETH breakdown to $2,500 seems imminentEthereum has lost more than 30% of its value from the all-time high traded at $4,387. Initially, the correction was more like lock-step trading whereby short-term support levels prevented sharp losses. However, during the previous weekend session, the market instability saw Ethereum dive under $4,000 and tested support at $3,100. A trend reversal occurred on Monday with Ether trading above $3,500, but the recovery was short-lived following another bearish jab in Wednesday's Asian session. Ethereum dived back to $3,100 but this time extended the bearish leg under $3,000. Ethereum hunts for formidable support Ether is trading slightly above $2,900 at the time of writing. Losing the 200 Simple Moving Average Support (SMA) has drastically changed the short-term technical perspective. Therefore, all eyes are focused on Ether's ability to hold $2,800. The various technical indicators like the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) have vivid bearish signals, as highlighted on the four-hour chart. For instance, the MACD has expanded the gap beneath the mean line (0.00). Moreover, the MACD line (blue) increasing divergence below the signal line is a massive bearish signal. At the same time, the RSI is in a sharp downward movement toward the overbought region. This means that the path with the minor hurdles is south. Ethereum's breakdown under $3,000 would trigger massive sell orders. The increase in overhead pressure will leave tentative support levels at $2,800 and $2,500 vulnerable to losses. Ethereum intraday levels Spot rate: $2,950 Volatility: Expanding Trend: Bearish Support: $2,800 and $2,500 Resistance: $3,200 and $3,600
COINBASE:ETHUSDLong
by CoinGape
1