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Ether

Double Bottom: Bullish Move in EtheriumAs per my last analysis, etherium has broken the 2400 resistance. The price pumped almost to the 2700 mark before falling down for a sharp correction. Meanwhile, you can see a double bottom pattern forming on the daily chart as well as the one hour chart. This signifies a major upward movement with a potential of breaking out the 2900 level which has been the ATH for some time. The ema at 2400 level which can be seen on 4 hour time frame is confirming that price won't fall below 2400, hinting the upcoming trend. Now, it is difficult to time the market, but next few weeks seems to be promising, if no major manipulations occur.
Long
by Ash002
1
Etherium Breakout: A Matter Of Time 🚀Etherium has hovered from 1700-2400 range for a while, touching 1700 support thrice. However, it is the very first time that the price has crossed 55 EMA on the daily chart. With this EMA acting as a support line and positive news about Etherium's utility, it's only a matter of time that the 2400 resistance will break, setting a new target at 2900. The price range is currently getting narrowed with EMA giving support at 2200, and a resistance at 2400. A major breakout is inevitable. The trendline has also been broken, further hinting the upcoming bullish move. Disclaimer : Trade at your own risk. Happy Trading!
Long
by Ash002
1
EthereumTriangle pattern had been observed on 4 hour ethereum charts. Entery point - anywhere below $2,800 Target - $3,700 Ethereum had been consolidating inside a fixed range for a while now, this is a potential breakout. If the target hits, there is more potential since it will be above many important moving averages, and EIP1559 will start burning token from 15july, these all signs indicate that Ethereum is currently undervalued mainly because of media FUD, but charts and data shows that long term investors and big players had been accumulating more and more ethereum during this dip.
BITSTAMP:ETHUSDLong
by AniketK07567339
2
Ethereum (Triangle pattern)Elon Musk's tweet on bitcoin had hitted crypto market badly, Ether(Crypto currency of Ethereum) had been falling from past few days, and currently ether is at one of its strong support. But we know that Ethereum is much better than bitcoin because it is not only used for transactions but it is a complete platform for development of decentralised applications, and for maintaince and using those dapps(decentralised applications) we require ether. So there is actual real life demand for ether, Elon Musk tweeted about high energy consumption by bitcoin, ether uses much less energy than bitcoin and we know ether is in the process of shifting to proof of stake system. Proof of stake will further reduce energy demand, making it more eco friendly, it will also increase number of transactions per second from 14 to above 1500. Further more according to EIP 1559, from July 15, few amount of ether will be burner(destroyed forever) with every transaction. This will make it more valuable than bitcoin because it will constantly reduce supply of ether, since some amount of ether will be destroyed with every transaction. Supply reduced = Price Increase. People don't understand blockchain technology like once they didn't understood computers, but if anyone would invested at that time, he would had seen huge profits, similar thing happened with internet, and this is web 3.0(blockchain). Because of all these upgrades, I see great demand increase of ether in upcoming months So it will be wise to understand that this fall in price is only for short term, ether will rise in long term. And a triangle pattern on a strong support indicates a reversal. It is advised to buy ether at any price below $3500, profit will be seen in short term, but if you are able to hold it till end of August(long term), it will be above $10,000(because of all the reasons given above)
BITSTAMP:ETHUSDLong
by AniketK07567339
Ethereum Long-Term ViewEthereum Overview Ethereum(ETH) has suffered about 94+% correction(drop) since the all the time high-level point($1425) reached in January’18. One key point to note that its following similar trend/pattern to Bitcoin of upward and downward movement in the market. Let's analyze price action for Ethereum (ETH/USD) over the long term and proceed to highlight any potential areas of support and resistance moving forward. Long-Term Analysis (Monthly Timeframe) Scenario 1: Bullish (Uptrend) If the Monthly candle (December) closes above $102 price level with strong buy volume then we might see the price the testing the "Resistance(Sell) Zone 1" ranging from $199-$278 within few weeks/months. If it manages to close above "Resistance(Sell) Zone 1" then it will retest "Resistance(Sell) Zone 2" ranging from $407-$521 within few months. Few other factors in confluence with the bullish scenario: 1) Stochastic RSI is in the Oversold Region (its a region where asset price is likely to rebound or bounce). 2) Selling Volume (red bars at the bottom of the chart) is declining i.e. sellers are getting exhausted. Scenario 2: Bearish (Downtrend) If the Monthly candle (December) closes below $102 price level with strong sell volume then we might see the price testing the "Support (Buy) Zone 1" ranging from $47-$60 within few weeks/months. If that support zone(1) doesn't hold up (no buying pressure) then we might see "Support (Buy) Zone 2" ranging from $11-$15 which is not a healthy sign. Factors in confluence with Bearish Scenario Support Zone 2 ranging from $11-$15 is the High of the previous resistance zone of September 2016. Scenario 3: Ranging Scenario Ethereum did range between price levels $173-$248 for 3 months (September-November'18) before making a major move downtrend to $80's price level. There are permutations and combinations you can apply between different zones (Resistance and Support) on the chart to form Ranging Zones. These are areas where major market participants (Institutional Investors) accumulate before a big change in direction of the price. Note: Monthly time frame charts illustrates the movement of price over a long-term horizon and are most often used by long-term investors. Short-Term Analysis (Daily and Weekly) Scenario 1: Bullish (Uptrend) If Ethereum closes above $115 in weekly time frame then we might restest "Resistance Zone 1" ranging from $156-$184.This zone will be difficult to break or surpass since it could have acted strong support but couldn't. Hence, it will require greater buying pressure(interest) to go through this zone. If it manages to break with large buy volume then chances of next bull cycle happening is likely. We get the confirmation of next bull cycle happening only when it breaks the "Resistance Zone 2" ranging from $360-$400. Scenario 2: Bearish (Downtrend) If Ethereum weekly candle closes below $83 price level then there are two Bounce(rebound) zones namely Support Buy Zone 1 ranging from $40-56 and Support Buy Zone 2 ranging from $11-15 in coming weeks and months for potential Bullish reversal. News and event analysis: There are few development news(catalyst) coming in the month of January,19 like Constantinople mainnet hard fork is scheduled for block #7080000, estimated around the 16th of January, 2019. Constantinople features changes designed to increase the platform’s efficiency, alter its economic policy and delay the so-called “difficulty bomb,” a piece of code meant to encourage the network to alter its core consensus algorithm(Proof of work) to Proof of Stake algorithm. Secondly, There is an Ethereum Nowa(ETN) fork. What is ETN? ETN is the abbreviation of Ethereum Nowa, and also the blockchain assets and currency code of Ethereum. What is the fork time? January 12, 2019 Each ETH holder receives ETN in the ratio of 1:1 for free. Conclusion: Ethereum remains in 3rd position, in terms of overall market cap rankings along with Bitcoin and Ripple. The 40-month-old coin is now experiencing its first bear market and has already corrected enough(94% down) to commence its new bull cycle in coming weeks/months. Overall cryptocurrencies are seeing a lot more green(price surge) over the past couple of days and there are speculations that the crypto winter might be over as buyers are returning. Utility(real use cases) of any crypto asset will eventually become a key point for the growth in the cryptocurrency industry.
BITFINEX:ETHUSD
by coinswitch-trading