Ethereum (ETH): Important Bullish Trend Has Been Broken!

Feb 3

Ethereum fell back to a bullish trend where we had a decent liquidation movement as well!

Now we are monitoring that trend and 200EMA as if buyers will show dominance from here. We are expecting to see a proper bullish movement for Ethereum coin, but if we do not see it, then below we have a huge "free fall" zone.

What are your thoughts?

Swallow Team

Feb 3

Note

First of all, WOW, we were looking for a correctional movement toward the $2,700, which we thought at that time would be an amazing entry but markets once again surprised us all.

Price fell as low as $2,000, where it got bought back quickly.

So what is the plan now? Simple: most probably we will trade in between the zones of $2000-3000, now trying to form some proper support or resistance zones.

So we expect a smaller recovery here and then again another dump and so on. What are your thoughts on it?

7 days ago

Note

After that crazy liquidation movement, the price of Ethereum has had some sort of recovery but yet nothing special.

What is actually interesting is the current major zone where the price is sitting, which will determine the next big move for the coin!

Now we have 2 ways to go so we put 2 possible entries for the coin; now all we can do is just wait for more clarity!

6 days ago

Note

Another day and everything seems the same on Ethereum; nothing has changed much so we keep on waiting and monitoring the coin.

Not rushing into trades and it is 50/50 still so let's see which side will show more dominance. What are your thoughts?

6 days ago

Note

We thought to keep up with those daily updates on a daily timeframe, as we do not see any clarity on smaller ones.

So here we are, Ethereum has made an amazing recovery of 30% since the price reached $2000 and now we are trading back near $2700 and possibly moving towards $3000.

To be honest, we expect to see possibly another dump to come here but overall we would say that we do not think that we will see prices lower than $2000 anytime soon, if not never!

Bitcoin had it's time in this run; now it is time for Ethereum to overtake!

4 days ago

Note

On Ethereum, we decided to give a proper look at what we are expecting to see in the upcoming month.

Basically, we are looking for a bullish momentum that would send the price to the upper resistance zone, from where we are expecting to see another movement of liquidity to lower zones, which we would count as a last drop before the final bullish momentum for this coin. I doubt that we will see $2000 but somewhere in the mid 2000s we should see it one more time!