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.
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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.
Search in ideas for "Ethereum"
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 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 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 - $5000 loading! - Super Bullish? Price Overview:
ETH showing signs of a major bull rally! Here’s what’s happening:
1️⃣ Trendline Breakout: ETH has successfully broken out of a major trendline, signaling bullish momentum.
2️⃣ Next Stop: ATH! The next resistance level aligns with its all-time high, making this a crucial milestone.
3️⃣ Altcoin Rally Dependency: For the broader altcoin market to rally, Ethereum must break its ATH first.
✨ The Bitcoin Connection:
Bitcoin dominance plays a pivotal role in the altcoin market? When Bitcoin dominance weakens, it creates room for altcoins—to shine. If ETH breaks its ATH, it could kickstart an exciting altcoin season.
💡My Expectations:
ETH looks poised to reclaim its ATH soon. A breakout here could be the trigger for the next big rally.🚀
Stay tuned for further insights, updates, and trade safely!
If you enjoyed this analysis, leave a comment and help boost the post. Let’s grow together!
⚠️ Disclaimer: This is NOT a buy/sell recommendation. All views are personal and shared for educational purposes only. Do your research before investing.
Thanks & Regards,
Anubrata Ray ⚡
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.
Etherem ready for Big Pump ?#Ethereum Chart Analysis
#ETHUSDT is currently trading within a bull flag/parallel channel. We're waiting for a breakout before entering any trades.
- Bearish Scenario:
If CRYPTOCAP:ETH breaks down below the support level at $3650, we might see a decline toward $3152, which is the last Fair Value Gap (FVG).
- Bullish Scenario:
If #ETH holds the $3152 level, we could see an upside move toward $4000.
A break above $4000 resistance could trigger a strong bullish move toward the $6000-$7000 range.
Let's watch closely and stay updated on the price action.
#Ethereum Eyes Retest: #ETH/USDT Key Levels to Monitor#ETH/USDT situation, focusing on the potential retest levels due to decreasing volume and the formation of a bearish shark pattern:
#ETH/USDT Analysis: Decreasing Volume and Bearish Shark Pattern Indicate Potential Retest Levels
### Decreasing Volume
Volume is a crucial indicator of market strength. When the price of an asset rises while the trading volume decreases, it often suggests that the upward momentum is losing steam. In the case of ETH/USDT, the decreasing volume indicates that the buying pressure is weakening, which may limit the potential for reaching higher price targets.
### Bearish Shark Pattern
The bearish shark pattern is a harmonic pattern that signals a potential reversal or correction in the price of an asset. This pattern typically consists of five points labeled as O, X, A, B, and C, and follows specific Fibonacci retracement and extension levels.
For ETH/USDT, the formation of a bearish shark pattern suggests that the price is likely to face resistance and could be due for a retest at lower support levels. The bearish shark pattern, combined with the decreasing volume, strengthens the case for a potential pullback.
### Potential Retest Levels
Given these technical indicators, ETH/USDT might retest certain key support levels:
1. **Retest Around $3,030**
- This level has acted as a significant support in recent trading sessions. If Ethereum's price retraces, it is likely to find initial support around $3,030. If the price manages to hold at this level, we might see a temporary bounce or consolidation.
2. **Retest Around $3,025**
- If the $3,030 support level fails to hold, the next critical support level to watch is around $3,025. This level has historical significance and could act as a stronger support. A retest at this level would be crucial in determining whether ETH/USDT will stabilize or continue its downward trend.
#Conclusion
#ETH/USDT is currently showing signs of potential weakness with decreasing volume and the formation of a bearish shark pattern. Traders should be prepared for possible retests at $3,030 and $3,025. Monitoring key technical indicators and market sentiment will be crucial for making informed trading decisions during this period.