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Ethereum Remains Higher Ahead of Fed Rate DecisionHello, welcome to this ETH /USDT 1DAY chart update by @CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Ethereum (ETH) was also trading near a multi-week high in today’s session, as traders geared up for the U.S. Federal Reserve policy meeting. Many expect the Fed to increase interest rates by 50 basis points, following the better-than-expected inflation report. ETH/USD hit a high of $1,341.44 on Wednesday, which comes less than 24 hours after trading at a bottom of $1,289.23. As can be seen from the chart, ethereum remains close to a five-week high, with prices in the green for a third consecutive session. Like with bitcoin earlier, the RSI is now hovering close to a key resistance level of 59.00, with a current reading of 58.06. Market pressure could intensify should bulls force a breakout of this hurdle, potentially leading ETH toward $1,400. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
1
Unique Update Of Ethereum Hello, welcome to this ETH /USDT 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Ethereum(ETH) also rose in today’s session, as bulls reentered the market, taking prices close to the $1,300 level. ETH/USD raced to a high of $1,294.10 in today’s session, which comes less than a day after hovering at a low of $1,248.36. As a result of today’s move, ETH/USD moved closer to a recent resistance level of $1,300, as prices were almost 4% higher than Monday’s peak. Like with bitcoin, bullish sentiment in ethereum returned following a breakout of a resistance level at the 53.00 mark. As of writing, the index is tracking at 53.75 and now seems to be moving toward a ceiling of 55.00. ETH will likely recapture the $1,300 level, however, what happens at that level is the key question for traders. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
Ethereum Bullish Technical Analysis Update#Ethereum Technical Analysis Update:- As per Chart ETHUSDT Broke out inverted H&S Pattern and Trading around $1270 H&S Pattern ( Head Height is 14% ) so Target will be $1400 ( 14% from Breakout Point ) - Breakout Resistance Level :- $1230 - Breakout H&S Pattern:- $1230 - Short Time frame Also looking Bullish. - Waiting for Another Resistance breakout which is around:- $1300 - Overall I am Bullish in Short Term above $1200 Targets:- $1400/$1480/$1570 Never Trade Blindly always placed Stop Loss below Support Level. The market is highly volatile because of Global Inflations.
Long
by CryptoPatel
5
Ethereum is bullish! | Bull flag is ready! This bullish flag is absolutely ready for a breakout! I am bullish on ETH, and I opened a quick long position. I will exit at the resistance, and after that, I am going to short ETH! As you can see, the price is in this rectangle range, and usually the market is ranging 75% of the time, so there is a huge chance that the bears will step in at the resistance! I recommend shorting ETH later. In my opinion, there is currently only a 25% chance that this rectangle pattern will be destroyed by the bulls on the first try. I expect a strong rejection and will go back to the POC that you can see on the right side of the chart. There are a lot of stop losses above this flag, so I believe the market wants the liquidity. From the Elliott Wave perspective, it looks like a corrective tripple zigzag pattern (WXYXZ), because we have an overlap between the major waves, which is not a good sign for the bulls. This overlap is a problem. It shows the weakness, and I don't like it. Let me know in the comment section what you think! We have a double bottom pattern on ETH. The neckline needs to be broken to confirm this pattern, but it's not going to be easy. I don't know what about you, but I am now temporarily bullish on ETH, and I have my orders set to close long and open short at the resistance. I wish you a lot of fun during your trades! I post trade setups privately. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. For more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
55
A new trend is yet to be seen. Rise above 1340!Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ETHBTC 1W Chart) We need to see if we can continue the uptrend along the uptrend line. -------------------------------------- (ETHUSDT 1W chart) The HA-Low line is still holding at 3962.19. So, you can see that it hasn't had a rebound or a sharp uptrend yet. In order to break this trend, it needs to show a rise above the downtrend line. (1D chart) On the BTC 1D chart, the -100 indicator is falling, creating a new trend, but ETH is still at the -100 indicator at 1777.05. Therefore, the key is whether you can show a movement to show a new flow. It is important to be able to come up with an upward trend crossing the uptrend line. The next period of volatility is around December 29th. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
ETH - The most bearish pattern is confirmed! This is a very bearish 3-wave corrective pattern (WXY) double ZigZag. This pattern is now confirmed, and ETH could drop significantly! It's not looking good for ETH at all. The bear market is strong, and ETH can potentially reach levels below 1000 USD. The most important yellow trendline has been destroyed by the bulls, and the bears are back in full force! I recommend longing ETH at the 0.618 FIB for quick gains. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. The ECB (European Central Bank) recently warned us about a massive crypto crash; this could be true. 1235 USD is a key level, and the bulls weren't able to sustain it! This level was important because it was the peak of the first wave (W). The possibility of an impulse wave has been invalidated for good. I hope you guys are doing great and take care! You must look at my ideas about Bitcoin, Gold, EURUSD, and Oil in the related section down below. For more ideas, hit "Like" and "Follow", right now!
Short
by UnknownUnicorn2537518
58
Can the selling pressure break the supports one after another?Ethereum reversed yesterday and attempted a pullback to the $1,270-$1,300 resistance, which was accompanied by a negative reaction. If Ethereum fails to start another increase above the $1,275 resistance, it could continue to move down. Initial support on the downside is near the $1,220 level. If there is a break and a close below $1,220, the price could drop toward the $1,165 support area. If the selling pressure can cause a complete break of this range, the further decrease in the price of Ethereum can continue to the number of $1,100.
by MonoCoinSignal
19
Unique Update Of EthereumHello, welcome to this ETH /USDT 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Ethereum In addition to bitcoin, ethereum (ETH) was also in the green to start the week, as prices edged closer to $1,300. ETH/USD rose to a high of $1,302.24 earlier in today’s session, less than 24 hours after falling to a low of $1,253.16. As a result of this, the world’s second-largest cryptocurrency has now marginally broken out of a long-term resistance point of $1,300. Similar to the trend on bitcoin’s chart, Ethereum's moving average (MA) of 10 days (red) continues its upwards ascent versus the 25-day MA. The 14-day RSI has also climbed, with the index tracking at 52.87, which is above a ceiling of 52.00. Once bulls are finally able to break this current wall, the next target for traders will likely be the $1,350 point. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
1
Whether it can rise above 1340.12 is the keyHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ETHBTC 1W Chart) The question is whether it can rise to around 0.080311. ------------------------------------- (ETHUSDT 1W chart) It will be a question of whether the price can sustain the rise above 1340.12. Therefore, you should check if you can break out of the downtrend line. (1D chart) By rising above 1274.63, we need to see if we can show an uptrend above the uptrend line. As we are currently in a period of volatility (Dec 5-7), we need to be cautious in our trades as we may see some swinging movements up and down. Since the price is maintained above the HA-Low line and above the MS-Signal indicator, which is a condition for turning into an uptrend, it is expected that the possibility of showing an uptrend will increase if the volatility period passes as it is. If it declines, it is important to find support above 1198.26. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
ETHBTC: Bitcoin will outperform Ethereum unless this line breaksThe ETHBTC pair on a 1W basis has been trading sideways this past month. The 1W MA50 (blue) is supporting. With also have another two rising Support levels, the Higher Lows trend-line A (started on Dec 26th 2016) and the Higher Lows trend-line B (started on December 23rd 2019). The Resistance Zone since May 10th 2021 is holding and only if this level breaks, can we see an immediate rally on ETHBTC. Until we do, it is more likely to see Bitcoin outperform Ethereum as the candle action since March 2022 is similar to the one from September 2018 - May 2019. The 1W RSI is a testament to the repetitive nature since March 2016. If we get a repeat, that would make a bottom on Higher Lows trend-line A and then steadily rise on Higher Highs and Higher Lows. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ## ## Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. ##
by InvestingScope
2