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.
Search in ideas for "ethereum"
Ethereum forming Head & shoulder pattern.Ethereum is forming a head and shoulder pattern on a daily time frame after retracing the fibonnaci level of 38.2% and 20 DMA.
The coin has given a nice movement and is retracing before another up move.
The coin is trading below the moving averages.
Two confirmation patterns are being formed in the coin on the daily time frame
1. Head and shoulder pattern
2. Bearish III continous pattern
A down side moment can give nice targets as there a 3 confirmation.
1. Trading below 20 ema(daily time frame).
2. Break of Head and shoulder neck line.
3. Volumes are high.
Support :- 1390, 1245.
Resistance :- 1715, 2000
US markets fell about 1000 points (3%).
The crypto markets can also fell the pain.
Wait for the coin to break the support and form some price action near it.
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 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.
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 (ETH) Is set for another 10% Decline ETHEREUM (ETH) is indicating another 7-10% fall towards 2297-2198 from around 2384-2405 Range.
Possibility will get negated if BTC closes a complete 5 minutes candle above 2405.
This Analysis and Trade Setup is based on 38% Retracement Breakout Trading Strategy.
Ethereum Bull Run Analysis & Commentary - Ethereum is currently trading at 3204$ and has breached all recent swing lows
- Structurally Ethereum looks all set to purge way higher in the upcoming weeks
- Ethereum is up 30% this week for all those faithful holders, ethereum has finally started moving impulsively and all the patience was worth it
- Technically, I see ETH reaching 3400-3600$ soon and post that I would like to see how ETH reacts from that zone.
1) Scenario 1 - Lock in partials around 3400-3600 and deploy the same partials when you see ETH dipping back to fill the FVGs around 2800-3000$
2) Scenario 2 - You let you position run and lock in partials around 4000$ and deploy your gains when you see ETH dipping back to 3500$ and second deploy around 3000$
- My bull run conservative target for Ethereum is 8000$ minimum anything above that is a gift
Ethereum Swing Long Update - Ethereum is currently trading at 2563$
- Ethereum can soon outperform BTC once it flips 2800$ on a weekly time frame
- As a trader, you should wait for Ethereum to fill the FVG that's sitting on 2490$
- Deeper retracement will lead to an impulsive move towards the upside
- Make sure to add more size in ETH once you see it below 2500$
- I am anticipating Ethereum to easily print 3600-4000$ by the end of October
- For leverage traders watch out 2450 and try to make your entries conservative if you are using 2-3x leverage anything above that can be very risky
- Look for longs more because the market has a lot to recover in the last quarter instead of falling from here
- I don't think we should be falling from here anymore like we did earlier, small retracements and sudden retracements are fine in a bull market but as long as ETH isn't above 5000$ we cant consider this an altcoin bull market
- Trade safe and use logic - VK
Ethereum Accumulation Zones Huge Dip Incoming- Ethereum is currently trading at 2262, down more than 22%
- Ethereum has two important areas to look at, and some important zones like 2110 & the OTEs 1694-1880$
- From an accumulation perspective, I would like to wait for ETH to purge either below the Inefficient gap or start going sideways at the buying zones
- To confirm this bias, we also need to make sure we consider taking a look at USDT D as well once it tops out, ETHs bottom will be near
- Manage risk properly and try to only trade in Spot
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 Swing Long Update- Ethereum is currently trading at 2697
- Ethereum is highly undervalued in this current market scenario
- If we compare Ethereum with other Crypto Majors Bitcoin Solana XRP all of them have recovered massively but Ethereum is still down by 30% from its recent swing high
- Ethereum needs to flip 2800$ and its going to be an important zone for ETH to flip for an impulsive leg towards 3600$ where we saw ETH last time tanking from post the ETF Approval
- If you are looking for Spot Buys then watch out 2550-2620$ I don't think we should fall below 2300$ but if we do you know what needs to be done
- Watch out for spot bids and don't try to short the market in every rise you see, you will get liquidated very bad
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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Ethereum Spot Bidding Zones - Ethereum is currently trading at 1462$ down 64% from its ATH
- Ethereum has underperformed BTC throughout the whole Crypto cycle and currently its continuing to do the same
- Ethereum has deviated below its important Market Structure Shifts and currently trying to pierce below its origin of the move
- Ethereum has a very good buying interest around 882$-1280$ this is a broader range where you should be keeping your eyes on in order to bid for Ethereum
- Another catalyst that I can see on the board is ETH/BTC pair vs BTC/DOM one is ready to bottom out near its point of interest on the other hand other is ready to top out
- BTC/D bearish and ETH/BTC bullish will print a lot of money in alts watch out both
Ethereum 1D/1W Technical Price Commentary - Ethereum is currently trading at 1949$
- Ethereum has erased 53% from its recent swing high so far (4097$-1947$)
- Ethereum has been correcting and underperforming for more than a quarter now whereas in Q1 2025 Ethereum has lost half of its value
- ETH/BTC still has not bottomed out and we are still left with more downside technically. The path from 0.23-0.016 looks easy and can easily mitigate this level post that I will re-evaluate new levels.
- Ethereum is below the Point of interest deviating many important levels, unless you see a consolidation making higher high on a 4H Timeframe there's actually no point in longing Ethereum or adding it in SPOT.
- Next observation, the path that I have drawn clearly shows the next path for ETH, where I anticipate ETH to easily revisit 1521$. If that place has buyers interest it will be a quick liquidity grab and a strong bounceback for ETH or else we might start consolidating.
Ethereum Accumulation Setup Ethereum is currently trading at 2522$
- Ethereum can easily mitigate its weekly order block to grab more liquidity
- Ethereum post its ETF launch has only crashed and not at all moved higher
- From 3600-2500$ ETH has got badly slaughtered
- ETH over twitter has also become the most hated coin in the crypto industry
- ETH/BTC and ETH works hand in hand so keep tracking that as well before you plan to take any entries in SPOT
- 2000-2200$ can be a solid purchase and Spot Accumulation Zone for ETH so watch out
- I have drawn 2 paths and both them shows ETH will grab more liquidity from beneath
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 1D Update - Ethereum ETF has been approved and started trading now post the approval ETH is down 10% in 2 days already
- Ethereums retracement is going to be repurchased in bulk because Institutions will be looking for cheap prices
- Ethereum can add great value to your Portfolio if your allocation size is good
- Ethereum can soon print new highs quickly
Ethereum 1D Technical Analysis & Commentary - Ethereum is currently trading at 2614$
- Ethereum got exactly rejected from the same point of interest where it showed us a bearish rally from
- Ethereum has the last FVG left around 2500-2550$ and once that is filled, I anticipate the huge demand side Imbalance to get filled.
- We have a huge imbalance from 3600$ where we saw Ethereum flat falling from, that will soon be covered once we see a weekly close above 2800$
- Study Price Behaviour and Price Action as of now, for spot buyers ethereum under 2700$ is a gift and you shouldn't miss that
- Spot Accumulation Zones: 2400-2580$
- Once ETH/BTC turns bullish you will see ETH and its whole ecosystem flying
- Till then hold it and you will soon see this moving impulsively, always manage risk.
Ethereum 1D Technical Analysis (Bullish Bias X Bull Market)- Ethereum is currently trading at 3166$
- Ethereum has been underperforming Bitcoin for 2 quarters
- Ethereum marks the short term bottom in my opinion and now we can soon see ETH purging above 4000$
- Ethereum is a long waited rally crypto and everybody is waiting for ETH TO OUTPERFORM it will only outperform once it flips the weekly candle above 3700$
- Ethereum is witnessing a huge backlash due to its underperformance one weekly close above 4500$ will help ETH print a new all time high
- Ethereum should make a new all time high by the end of Q1