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Ethereum Long Term Analysis!Ethereum Long Term Analysis! Ethereum Monthly Analysis! Bearish Pennant PAttern formation in Ethereum on Monthy Timeframe! If price breaks and closes below trendline support we can see further downmove in Ethereum Ethereum is forming Bearish Pennant pattern. We can see a sharp downmove in Ethereum from 1 dec 2021 after that price is moving in that way like it is forming a Triangle. So the pattern is established. Many of us won't believe for a Ethereum to move this much downward upto 456.75USD. But it's all about Technical Analysis and Pattern identification. I have identified this pattern on Monthly Timeframe. This is how we identify pattern on various timeframe. Greater the timeframe more reliable it would be, So i have done my analysis on Monthly timeframe to predict long term move of an Ethereum. Crypto is very uncertain instrument so we can't imagine how it will move, right? But this is how we perform technical analysis! That's all i have to say! The downward possible target for an Ethereum is 456.75 USD!
CRYPTO:ETHUSD
by Avinash9087
2
Ethereum Ready for Another Dump till $1700 ?Ethereum Chart Technical Analysis CRYPTOCAP:ETH Currently #ETHUSDT Trading at 4H Support Level. 1️⃣ If $2160 level breaks, ETH could drop to $1,750 (Scenario 1) 2️⃣ But if price bounces off $2,160, we could see a 5-10% relief rally. ( Scenario 2 ) My view: - Bearish below $2,240 - SUPER bearish if $2,160 breaks! Overall, #ETH is standing on thin ice at a very crucial support zone. One break could lead to a cascade of selling. Trade safe!
GEMINI:ETHUSDShort
by CryptoPatel
2
ETH/USD Forecast: Buyers Step in to Lift Ethereum AgainFor Ethereum to thrive, there must be a willingness among investors to engage with the crypto markets and their associated ecosystems, a trend that seems poised to gain momentum in 2024. Ethereum experienced a downturn in the early hours of Tuesday, further underscoring the prevailing volatility in this market. In the grander scheme of things, Ethereum appears poised to gain more momentum. However, the current situation can be attributed to the rapid ascent it recently enjoyed, combined with the fact that we are navigating the period between Christmas and New Year's Day, a time when market liquidity tends to dwindle. Major Support Level Below A crucial level to watch is the $2100 mark, which should serve as a significant support zone. This level has not only provided support in the past but has also demonstrated resistance to buying pressure. Market participants are likely to bear in mind this historical significance, potentially presenting an attractive opportunity for value-oriented investors. On the upside, the $2500 level looms large, and a successful breach of this level could pave the way for a move toward the $3000 mark. Over the longer term, there is potential for Ethereum to reach the $3500 level. However, the immediate future is likely to be marked by choppy, back-and-forth price movements. In terms of strategy, a prudent approach would involve buying the dips, but doing so incrementally rather than diving headfirst into the market. The next few sessions could be characterized by unusual price movements, making it essential to exercise caution. Nevertheless, Ethereum appears to have a bullish outlook in the long run, especially as interest rates in the United States continue to decline. This decline in interest rates has historically been favorable for the broader cryptocurrency market. As traders become more willing to embrace risk, Ethereum stands to benefit. Ethereum holds a unique position within the market as the foundation for numerous tokens and ecosystems built upon its platform. For Ethereum to thrive, there must be a willingness among investors to engage with the crypto markets and their associated ecosystems, a trend that seems poised to gain momentum in 2024. As Ethereum charts its course into 2024, investors and traders should remain vigilant, closely monitoring key support and resistance levels underneath, and adopting a measured approach to capitalize on potential opportunities in this market, as the buyers will be under current levels to continue to lift ETH to higher levels, as the “cheap money” coming from the Federal Reserve will continue to be a major influence on not only the Ethereum market but also other cryptocurrencies.
BITSTAMP:ETHUSD
by Claramellorforex