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Ethereum (ETH) Moves Ahead, Back Above EMA10 +Altcoins UpdateEthereum (ETH) Moves Ahead, Back Above EMA10 +Altcoins Update Ethereum (ETHUSD) peaked 16-April reaching a new All-Time High, what followed was a sudden but fast correction that took prices all the way down to EMA50 on a wick... Let's see what happens next. Ethereum Bullish Chart Signals @alanmasters Yesterday we saw ETHUSD bounce off the EMA21 line to close daily above EMA10 ($2294), this is a bullish signal. The short-term potential of any altcoin trading pair can be determined depending on where the current active candle is trading compared to the EMA10 indicator. Above EMA10 we are bullish. Below EMA10 we are bearish, but this is only short-term. We also have a very strong RSI above 62 and the MACD on the bullish side as well. We have an ascending channel/higher highs and higher lows. The altcoins market, in general, continues to do great, we've seen some short corrections, small retraces, just like Bitcoin did in 2020. After these small corrections and retraces, we continue growing more and more. This is expected to continue for the entire year of 2021 and beyond. What's your take? Both Bitcoin & The Altcoins Market will continue blessing us with tons of opportunities. It is a great time to be trading altcoins now. Remember that patience is key. Thanks a lot for your continued support. Namaste.
BITSTAMP:ETHUSDLong
by MasterAnanda
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 (ETH/USD) Price Action Analysis (1-Hour Timeframe)📊 Ethereum (ETH/USD) Price Action Analysis (1-Hour Timeframe) 📈 🔍 Chart Context: Timeframe: 1-hour (intraday outlook) Asset: ETH/USD (Binance) 🟠 Key Levels & Observations: ✅ Support Zone: Around $2,470 - $2,500 (highlighted with orange boxes). Price consistently tests and respects this area multiple times, indicating strong demand. ✅ Resistance Levels: First significant resistance: $2,710 - $2,720 (highlighted with blue lines). Extended target: around $2,760. ✅ Recent Price Action: Clear higher low formation at the support zone, suggesting potential reversal. Previous swing highs are well marked (orange circles), hinting at potential resistance retests. ✅ Chart Patterns: Double bottom / accumulation pattern forming at the highlighted support zone. Strong bullish reaction expected on successful retest. 🎯 Trade Setup Idea: Entry: Near $2,500 support zone. Target: Initial take-profit zone around $2,720. Extended Target: If momentum continues, $2,760 level. Stop-Loss: Below $2,470, ideally near $2,450 for risk management. 📈 Technical Bias: Bullish bias in the short term, driven by repeated support tests and signs of reversal. Chart hints at breakout potential if price overcomes $2,720. ⚠️ Risk Management & Cautions: Key risk: False breakouts below $2,470 could trigger bearish continuation. Maintain a favorable risk-reward ratio (e.g., 1:2 or better). Market volatility can increase rapidly; keep trade sizes appropriate. 🚀 Summary & Conclusion: 🔵 Bias: Bullish 🔵 Entry Zone: $2,470 - $2,500 🔵 Target Zones: TP1: $2,720 TP2: $2,760 🔵 Stop-Loss: Below $2,450 🔵 Key Indicators: Structure break, price respecting support, bullish engulfing candle potential.
BINANCE:ETHUSDLong
by VikingFx-Community