Ethereum (#Ethereum) tests its long-term trendline support When Ethereum (#Ethereum) tests its long-term trendline support, it often sparks a significant upward market movement, known as a bull rally.
#Pattern_Recognition: Ethereum (#Ethereum) has shown a recurring pattern where testing its long-term trendline support has resulted in substantial bull rallies.
#Historical_Timing: Notably, each of these support tests has historically occurred in the month of January.
#Projection_for_2024: If the historical trend continues, there's a possibility of witnessing a similar upward market movement or bull rally in January 2024, following the long-term trendline support test.
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Ethereum "Broadening Top" PatternEthereum "Broadening Top" Pattern
Hourly (4H)Time Frame Analysis
A bullish reversal pattern is a broadening bottom. Two divergent lines that are horizontally symmetric form the pattern. As a result, it is a reverse symmetrical triangle. As a result, the oscillations between the two triangle terminals are becoming increasingly large.
Currently, Ethereum is in the range of $1175. If the pattern continues, the price of Ethereum might reach the resistance levels of $1350 .If the trend reverses, then the price of Ethereum may fall to $1150.
Entry Point Above 1215
Target 1350
Stop Loss 1150
Happy Trading
✅ Ethereum Classic Price Analysis "FW"The above chart of Ethereum Classic (ETC) laid out the falling wedge pattern. In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal.
This pattern indicates a breakout in the price trend towards an upswing. From the above chart, we can interpret that the momentum of the downtrend is slowing down.
Currently, Ethereum Classic (ETC) is in the range of $35.80. If the pattern continues, the price of Ethereum Classic (ETC)might reach the resistance levels of $45.60 If the trend reverses, then the price of Ethereum Classic (ETC) may fall to $33.70
✅Trade Level
Entry Point : $36.70
Target : $45.60
Stop Loss : $33.70
Happy Trading
Ethereum Update With Same $6K Target On Strong Bullish Breakout We have the same chart here we looked at on August 4, Ethereum aims at $6000 (see it here) .
We have really strong technicals in favor of the bulls/green side.
The consolidation has been really strong with the price staying above the blue space on the chart (our "last barrier").
The price not dipping lower is a good/positive signal.
The longer we have this type of bullish/sideways consolidation at the top, the better the outlook becomes for the bulls.
Breaking below EMA21 ($3165) would be a bearish signal yet we remain strongly bullish above the EMA50 line at $2680.
Overall the outlook continues to be pretty good.
Ethereum (ETHUSD) continues strong.
Namaste.
Ethereum "Last barrier" | Aims At $6,000We've been looking at Bitcoin lately and neglecting Ethereum and other Altcoins... What a surprise to see the ETHUSD chart.
Join me for some cryptocurrency chart related entertainment.
Ethereum (ETHUSD) Daily TF Chart Analysis by Alan Santana
ETHUSD is now facing resistance while slowly but steadily moving higher...
We can see a strong resistance level between $2700 - $3000, which I am calling the "last barrier".
If this level can be taken out, which seems very likely to happen, we can see Ethereum hit $3800 to move and challenge next its All Time High.
Depending on how the ATH is handled we can aim at $5000+ to hit $6,000... This is all strongly possible in a flash.
The chart we are looking now fully support the scenario I describe above.
We have low volume yet prices are cripping up.
We are in the summer yet crypto remains strong.
We have a very strong RSI and MACD.
If the whales/bots/market makers push the bottoms, we will see massive/sudden bullish action form.
As the last barrier is taken out, we can see ETHUSD hit $6,000+.
This is how Crypto works...
One day it is completely as sleep.
The next day it is worth more than Gold.
Namaste.
Ethereum Moving Below Support, Incoming Drop! (Altcoins Update) Another one of the big buys, Ethereum (ETHUSD), is also aiming lower...
What do you think will happen when big money flows out of Bitcoin, Ripple, and Ethereum?
Where is this money going?
The smaller altcoins of course... We are talking about thousands and thousands of altcoins.
---
Back to Ethereum...
We can see prices moving below EMA10 and the exact same signals we saw on the Bitcoin (BTCUSD) chart.
We have the indicators, MACD and RSI, trending lower as well as bearish divergence with both.
We also have a bearish cross on the MACD and the bear volume being clearly stronger than bull volume since the beginning of the month.
This is no big deal...
This is not a problem...
Prices go down, just as they go up.
You always get a retrace after a strong bullish move.
Conditions for change
We would need to see Ethereum (ETHUSD) move above the last high and staying there for the bearish bias that is developing now to be canceled out.
For now, we are aiming for lower prices.
Thanks a lot for reading.
Namaste.
Ethereum ETH price analysis: ETH price stuck below $185The queen of cryptocurrency Ethereum (ETH) is volatile Ethereum ETH price analysis charts are a telltale of the thrashing it received for one reason or another. In the past five days, the Ethereum price went up as high st $192. but unable to break through to the previous high of $192.86 on the 29th of October, but unable to break through to the $200 psychological barrier. Read More
Ethereum is ready for a Positional Trade on Weekly tfHello Traders,
Get ready to play a positional trade in ethereum on weekly tf.
The correction was started from the levels of 4868 in Nov2021 and after 18 months of correction the ethereum is getting ready for an uptrend.
Let's understand the technical data
ema(20,50,200) - Buy
ema(100) will act as a Resistance1
Level 2023 will act as a Resistance2
Breakout of the channel line.
MACD - Bullish Crossover
- Histogram is building momentum
Bollinger Band - Squeezed
The price confirms the uptrend on the breakout of 2023 level (Resistance2)
The overall chart structure also shows the signals of an bull run.
Thanks and keep trading
Er. Simranjit Singh Virdi
Ethereum Crypto Currency : Low Risk and high reward ratio
Hello All, I am back again, with another profitable trade ... Ethereum Crypto Currency..
As you can see Ethereum is at crucial stage, One can expect a bounce back from this stage, if it does, you can expect a rally of 50% -60% upside…
Pls Note: these are for education purpose, trade as per your understanding and knowledge ....
Risk is to reward ratio is mentioned .... Risk of 5% -6% and reward of 50-6% 🙂
ETH bounced beautifulEthereum against BTC got a beautiful bounce of the support of the rising wedge. Since we're still inside the wedge I'm still incredibly bullish on Ethereum (even more then on Bitcoin). We just flipped the resistance of 0.071139 into support.
The next level that I'm watching is the red line at 0.731. I think we're going to see some action of ETH very soon.
Let's freaking go!
Ethereum Bullish Weekly Close | Will It Hit $4,9K or $5,3K Next?We have another very good close for Ethereum (ETHUSD) on the weekly timeframe.
Last week closed above $3,600, this can lead to even higher prices.
Now, $3,900 might sound like a lot but only if you are comparing to earlier prices... Remember when Bitcoin was $3,000?
Bitcoin is now worth over $58,000 for one single coin... Ethereum can go through something similar... Remember that this bull market will last for years to come.
There is a lot of room at this point for a correction to take place... But we are reading charts here, just as we have room for lower prices we also have room for more gains.
Trading or not, buying or not, will depend if you are buying for the short or long-term.
Based on my Fib. projections, ETHUSD can hit over $4900 next.
We are supported by the TD sequential, the RSI and the MACD as well.
This is a tricky one... Make sure to plan before you trade.
Will you hold if you buy and it drops?
If it rises, will you sell, how much, and when?
Let us know in the comments...
Thanks a lot for your support.
Namaste.
ETHUSD $170.00 breakout neededEthereum is struggling to recover above the $150.00 resistance level, following last weeks sudden drop towards the $135.00 support zone. ETHUSD bulls need to rally the cryptocurrency above the $170.00 level to change the short-term bearish outlook. Ethereum continues to have a high correlation to Bitcoin and could trade sideways until BTCUSD bulls return.
• If the ETHUSD pair trades above the $150.00 level, key resistance is found at the $158.00 and $170.00 levels.
• If the ETHUSD pair trades below the $150.00 level, key support is found at the $143.00 and $135.00 levels.
Ethereum Price Likely to surge Amid Ethereum future' AnnouncemenHeath Tarbert, head of the United States Commodity Futures Trading Commission (CFTC) talked about the future of cryptocurrency and the government regulations on cryptocurrency as well in the recently held Yahoo Finance’s All Markets Summit in New York City on October 10.
The native derivative cryptocurrency of the Ethereum ecosphere, ETHER was seen as a commodity that is selected in the US to be regulated by CFTC, Ether is supported on a public, open-sourced blockchain-based platform that attributes smart contracts.
Source: TheCoinRepublic
Ethereum’s New Innovation & Pillar named “Athereum”The mysterious group named The Rocket Team uncovered Avalanche which is a ground-breaking understanding component between the new Snow-Avalanche group of conventions, which is presently expedited the main savvy contract stages “Ethereum”. A rising mix of these two is seen in the crypto economy.
Emin Gun Sirer who is Cornell educator and AVA labs organizer unveiled about Athereum in the ongoing held DEVCON 5, Athereum viewed as the Avalanche — put together matrix with respect to AVA, which is bolstered on “Blockchain 3.0” systems. AVA labs detailed with Medium Post that the Athereum task is an “Inviting Fork” which is utilized for the welfare of the Ethereum environment utilizing new advancement and research conceivable outcomes.
Source: TheCoinRepublic
ETHUSD temporary setbackEthereum has pulled back towards its opening weekly price after bulls failed to build bullish traction above the $180.00 level. Weakness in the altcoin space is also weighing on Ethereum from a technical standpoint, as investors increasingly favor Bitcoin. Overall, the ETHUSD pair has strong support from the $160.00 level and is still likely to move back towards the $200.00 level in the medium-term.
If the ETHUSD pair trades below the $170.00 level, key support is found at the $160.00 and $150.00 levels.
If the ETHUSD pair trades above the $170.00 level, key resistance is found at the $180.00 and $190.00 levels.
ETHUSD $220.00 key level to watchEthereum is attempting to recover earlier losses after the second-largest cryptocurrency found strong technical support from just above the $200.00 level. Further technical weakness in the ETHUSD pair should be expected if sellers keep the price below the $220.00 support level. Overall, a major test of the Ethereum’s 200-day moving average, just above the $170.00 level, appears likely at some point.
If the ETHUSD pair trades below the $220.00 level, key support is found at the $200.00 and $170.00 levels.
If the ETHUSD pair trades above the $220.00 level, key resistance is found at the $235.00 and $255.00 levels.
ETHUSD further losses expectedEthereum is under heavy technical selling pressure on Friday after breaking under the important $270.00 support level. The ETHUSD pair is tracking Bitcoin lower and is now trading below the neckline of a head and shoulders pattern with a downside target of around $85.00. The $220.00 support level is the next bearish target if Ethereum sellers continue to hold price under the $270.00 level.
If the ETHUSD pair trades below the $270.00 level, key support is found at the $250.00 and $220.00 levels.
If the ETHUSD pair trades above the $270.00 level, key resistance is found at the $280.00 and $300.00 levels.
ETHUSD still in the danger zoneEthereum has returned towards the $260.00 resistance level as the second largest cryptocurrency tracks the broader market higher on Thursday. Ethereum is still in the danger zone while trading below the $280.00 as the bearish head and shoulders pattern still remaining valid. Overall, the ETHUSD pair is still tracking BTCUSD fairly closely this week and has yet to break the strong correlation.
If the ETHUSD pair trades above the $260.00 level, key resistance is found at the $280.00 and $320.00 levels.
If the ETHUSD pair fails from the $260.00 level, key support is found at the $230.00 and $205.00 levels.
ethereum rsi and macd look bearish. DO NOT SHORT.CONSIDERING BITCOIN WILL GO SIDEWAYS.. ETHEREUM LOOKS BEARISH ON BOTH RSI AND MACD. ITS AT THE GOLDEN POCKET ZONE, WHICH WE NEED TO LOOK AT.. ETHEREUM MAY EVEN GO TO 600 DOLLARS. WE MIGHT SEE A PUMP AS ITS AT THE GOLDEN POCKET ZONE.SO.. ID SAY NOT TRADING IS THE BEST THING TO DO NOW.
Ethereum Classic (ETC) Price Structure On Daily And Weekly Overv
Over the weekly chart, most of the price structure was in a major range of $12-$46. Except in 2021, where the price structure peaked out of this range, and an ATH was registered at $175. Overall, 70% of the price formation was below this range, and 30% was out of the range.
As per trading view, (ETC/USD-COINBASE), the price as of writing, has traded nearly 85% down. Based on the recent surrounding spot Ether ETFs to trade soon. The Ethereum branded assets, like ETC, could skyrocket. Thus, the probability appears higher that it could breakout of the range.
over the daily chart, the price has resonated with BTC's bullish effect on the broader market. After the deterioration ended, the ETC formed sustenance on the same day as BTC, that's on July 5th. In the last 18 days, the price has shown more than 30% growth.
The price of ETC has breached the 50-day EMA band and has been approaching the 200-day EMA. Meanwhile, the MACD has formed a bullish cross with a histogram at 0.39, and RSI flashed at 58.33.
Therefore, the resistance on daily TF is $28.52 and $34.28. However, failure to ascend, will give the seat to bears, and they could eye for $$21.90, and $18.45 support levels.
Ethereum Name Service Primed For Long-Term Gains!In intraday, the Ethereum Name Service (ENS) showed growth of 10.15%, where the price traded at $27.56. By market cap, it ranks 77th in the top 100 with a market cap of $871.311 million and a volume of $171.33 Million, showing a 52.20% surge.
The ENS has reflected growth since Mid-May 2024 and has been riding a bullish trendline; despite bears' attempts, the trendline posed sturdy. Furthermore, backed by 50-day, and 200-day dynamic support EMA bands, it looks riped for future growth to come.
The continum bullish ascend could assist ENS to surpass the hurdle of $29.73. The MACD appears bullish, where the histogram is at 0.18, and the RSI flashes above a median line at 61.14. Thus, indicator tools highlight more glory to add to its price.