1 week earlier also I have mentioned this idea and it fell 220+ points more than 7%,
again I am warning Ethereum could really be a falling comet, be cautious.
Huge rounding top is clearly visible in its weekly charts.
Hello traders, Ethereum in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
Based on the number of waves we had, the main waves 1 and 2 are certainly over, and in the case of wave 3, I must say that it is complete in our opinion.
Let's look at wave 4:
We see wave 4 starting, because...
Even after a considerable flush in Bitcoin prices, we see Ethereum holding the line very strongly. This was quite surprising and reassuring to ETH holders.
1. The long term trendline is still intact.
2. Nice wick at Bull market support band in weekly chart
3. Retest of the previous resistance of $3970 in weekly chart after breakout
4. Support at 200 day moving average
Ethereum Perfect fall after rising channel ...
Took Support at 50DMA...
If took Support then will see Up move to ATH
If fails to support then next support at 4100 & 3950 levels...
Still Bearish pattern
Ethereum price is hovering in a treacherous territory and could lead to a massive correction soon.
A breakdown of the $4,346 to $4,499 demand zone will confirm the start of a downtrend.
ETH could revisit $4,000 and in dire cases, retest the $3,300 levels.
There's a strong support from previous all time high, As Ethereum is on the road to print ATH's from now on, It has got a very strong support from the pitchfork trend line aswell.
Ethereum price is on a steep downtrend after the July 21 exponential run-up ended on September 3. However, this correction seems to have been a blessing in disguise as it foreshadows the start of a new bull rally.
Tommorow i've shared analysis and trade for ETH (Ethereum) and it worked awesome clearly mentioned the rejection of 3625 and target on point i hope you've benefited from this
If ethereum enters the range that i mentioned and if it moved below the line that due to formation of Head & Shoulder pattern it will give you an approximate dip of around 200 dollars. And you can either short sell or you can either buy at the dip.
ETH/USDT has been trading above 200 ma and formed a bullish pennant pattern.
Bullish pennant price pattern is uptrend continuation pattern & Ethereum broken the resistance level with good increase in volume. Those who are already in position or planning to enter can enter which half quantity and later see if ETH is retested this pattern. If it does, we can add...
Lower Highs and Higher Lows.
This means that the holders are already cashing out. Ethereum will fall back into 160-180 $ range (if not lower) very soon. A good strategy would be to short ETH now and buy back later.
Now Ethereum 4 Hour Bullish Trend Started ,Now I Enter On This Market
For Short Term . If the market resistance lines break out ,Then we
Will get a big benefit .I'll get out on the resistance line,
If the market goes down
