Ethereum Next Target 3055 USD, Triangle Pattern BreakoutEthereum has formed a Triangle Pattern and breakout above it. It is also expected to Breakout of the Falling Channel, with the Next Target being the 0.5 Fibonacci Retracement level at 3,055 USD.
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Ethereumlong
Ethereum 1D Technical Analysis & Commentary- Ethereum is currently trading at 2448$
- Ethereum has been moving in a range since August 2024
- Ethereum has also underperformed Bitcoin after its ETF approval that's another thing to notice
- Ethereum/BTC has been slaughtered like anything and that's another way to track when ETH will outperform BTC
- ETH/BTC is currently in a free fall and I see 2 Major areas where I expect a reversal from
: 1st - 0.029
: 2nd - 0.021
- Ethereum's ecosystem and Altcoins will only pump hard the ones related to the ETH ecosystem when we see Ethereum flipping 2800$ and making a weekly close above it post that we might see a strong recovery in Alts like OP, ARB, Matic, and so on.
- Meme coins based on the ETH ecosystem are already performing nicely, but if ETH takes over then they will also turn parabolic so watch out PEPE it's a narrative play
- Ethereum has started building a base now, the bigger the consolidation the larger the expansion is going to be, mind that
- Spot Ethereum accumulation at this price is best from a conservative approach you can easily expect 100% in a quarter if your average price is 2500$
Ethereum 1D Update- The real bottom for Ethereum is in and I do not think Ethereum is going to fall any further
- After BTC ETF Approval too we saw BTC Crashing 20-30% and the same is happening with Ethereum as well
- Ethereum point of interest should be 2700-2850$
- Any underneath that things can get very scary IMO
- As long as your horizon is long term you shouldn't get bothered much at all
- For short term traders you can look for swing around 2800$
Ethereum Swing Long Setup - Ethereum has not yet outperformed BTC fully.
- Ethereum can now print a huge impulsive wave which can lead to an extended rally
- I think the next target for Ethereum would be around 2800-3000$
- If you are looking for longs in ETH then you can keep an SL of 2150$ and 2260$
- Kindly don't over-leverage and do not buy impulsively too.
- Spot is King and markets are always very volatile try not to mess or leak your money getting greedy.
Ethereum bullish trade Ethereum stands at a make or break level of resistance on daily time frame . It will either give a massive breakout and break the resistance or it will make a double top and start to collapse . This crucial level is to be tracked as we can get good targets on either side .
Hope this analysis will help you :)
Ethereum gives a nice breakout of "W" Pattern.Ethereum looks bullish on a higher time frame and has crossed the resistance of 3100 levels.
It has closed above the level on daily time frame and is taking resistance form is 20 ema.
A nice morning star pattern is there on a daily time frame and trading between the moving averages.
On a 4 hour time frame the coin has given a "W" pattern break out with good volumes and has crossed it 20 and 200 ema .
Support :- 3100, 3040, 2960
Resistance :- 3198,3320
There is a crucial resistance near 3130-50 i.e. 20 ema on daily and weekly time frame.
Wait for the price action and candlestick pattern near the levels.
Ethereum trading view for next week 11/04/22Ethereum has streched for contunues week
and changing the trend near the support
level.
Its taking support from the 20 ema on a
weekly time frame.
The price has tested the
support and has given a upmove.
On daily time frame too there is a bullish
momentum in the price as its taking support
from 20 ema and has given a cross over in
the moving averages.
Ethereum can run either side as its trading
between 20 and 200 ema on 4 hour time
frame.
Support :- 3100, 3020, 2950
Resistance :- 3434. 3675
It has support near its trading price and can
reverse form the support.
On a short time frame there can be a
resistance at 3320.
So wait for the price action near the levels
before trading the coin.
Ethereum gives a nice breakout of "W" Pattern.Ethereum has streched for contunues week and changing the trend near the support level.
Its taking support from the 20 ema on a weekly time frame.The price has tested the support and has given a upmove.
On daily time frame too there is a bullish momentum in the price as its taking support from 20 ema and has given a cross over in the moving averages.
Ethereum can run either side as its trading between 20 and 200 ema on 4 hour time frame.
Support :- 3100, 3020, 2950
Resistance :- 3434, 3675
It has support near its trading price and can reverse form the support.
On a short time frame there can be a resistance at 3320.
So wait for the price action near the levels before trading the coin.
Ethereum Trading Plan for 6-7 FebMy view on Ethereum today is extremely bullish. But overall I am expecting it to give a good move on either side which I am sure would be caught by my system. Here's what it looks like:
In this chart of Ethereum I have marked 4 price levels which have been determined based on a proprietary calculation that I have developed. The zone between the top-most and bottom-most price levels is a strict "No Trade Zone".
If Ethereum's price crosses the top-most price level, we will be looking for long opportunities and if Ethereum's price crosses the bottom-most price level, we will be looking for short opportunities.
Entry criteria:
Bullish case: Enter as soon as a 5-minute candle CLOSES above the top-most price level.
Bearish case: Enter as soon as a 5-minute candle CLOSES below the bottom-most price level.
Stop Loss criteria:
Risk: 2% of capital of per trade.
Bullish case: Just below the second price level from the top.
Bearish case: Just above the second price level from the bottom.
Take profit criteria:
I personally follow a system wherein I do nothing until 1:1 RR is achieved. But post 1:1 RR is achieved, I adjust stop loss to cost. I then exit 1/3rd of entered quantity based on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . I exit 1/3rd of entered quantity at fixed take-profit level of 1:3 RR. And I exit the final 1/3rd of entered quantity based on a system of setting stop losses that are dynamically adjusted to the nearest retracement after a Day High Breakout (in bullish case) or Day Low Breakout (in bearish case).
I have also experimented with systems wherein you can set take-profit at a fixed level of 1:3 RR or alternatively after 1:1 is achieved book full quantity vased on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . Both of these alternative systems have also been profitable.
Please note the given zones are valid only until the end of the day. Any open positions must be closed by 05:25 AM IST which is around when the day is about to end in the cryptocurrency markets.
Also please note: according to the rules of my system, I don't take more than 3 trades per day on any asset.
ETH/USDETH/USD(Bitfinex)
Ethereum has seen a price jump due to the hard fork fever but couldn't manage to sustain momentum and dipped 25%+ recently after the hard fork got over.
Bullish Case:
After the recent drop it tested the support level of $116-$117 and jumped(15%+) to $131 price level recently.
If it manages to hold this level $116+ and breaks $151+ price level then we might test $200 level in the coming days/weeks.
Bearish Case:
It manages to break the long term downtrend-line(dotted line) but couldn't sustain above it long enough due to recent sell off.
If it doesn't hold the $107-$111 level then it might see price level below $80 in the coming days/weeks.
Overall the recent case of price movements for ethereum has been "Buy the rumour , Sell the news" example which happen quite often in cryptocurrency.
Etherem Latest Daily Chart Analysis - Crypto Bhaiethereum has recently hit the bottom around 84 usd. and bounced back frrom 84 to 160 usd. now
resistance of ETH/USD is at 160 USD Approax.
and 2nd resistance of ethereum is almost at 180$
ethereum can easily go upto 180 USD in 10-15 days as the news of ethereum is huge regarding hardfork
DYOR before taking any posiiions as always