Ethereum Analyze (Timeframe 4H,10/30/2022)🌊!!!Ethereum seems to have completed its five-wave impulsive in the PRZ(Price Reversal Zone) after breaking the trend line.
🔆To confirm the end of wave 5, I can point to two divergences.
1- We can see the divergence between Price and Volume.
2- Regular Divergence(RD-) is also seen in the RSI indicator (it seems Ethereum is making a descending channel at 4h timeframe, Also, it reacts to the upper line of descending channel well).👇
Also, Ethereum will likely experience a sharper fall if Bitcoin falls, as ETHBTC will look bearish.👇
Ethereum Analyze ( ETHUSDT ) Timeframe 4H⏰.
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ETHBTC
#ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this ETH/USDT 1DAY chart update by CRYPTOSANDERS.
I have tried my best to bring the best possible outcome to this chart.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis.
CHART ANALYSIS: the price of ETH officially surpassed $1,500 towards the end of October. Since then, the cryptocurrency has slowed down after hitting the resistance zone of $1650-$1700 (in red).
With the test of this resistance and the approaching FOMC meeting, it appears that some traders have opted to close their long positions. As a result, the bullish momentum has weakened slightly.
If Ethereum can establish $1,500 as support and does not close below this crucial mark, it could retest $1,700, which overlaps the 200-day moving average.
Alternatively, if the Federal Reserve does not signify any willingness to slow rate hikes later in the year, selling pressure on high-risk assets is likely to increase. In this case, the return of the upward trend would be out of the question.
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.
ETHBTC - Crash of BTC dominance / Alts SeasonClear Cup and Handle pattern. Ethereum currently has much better tokenomics compare to BTC due to ecosstem of dapps, NFTs, offering lending, borrowing and other services, as well as burning mechanism making ethereum deflationary. And that is just a tiny drop in the ocean, there are many other strong alts with huge ecosystems that will contribute to upcoming rally. All major OG (XRP, LTC, BCH, EOS) alts have already made ultra lows against BTC and ready for a new cycle growth. So, just like in 2017 Ethereum will lead alts into a massive RALLY, crushing BTC dominance down to 5-10%.
Ethereum - Short term relief drags onEthereum is approaching the sloping resistance after the period of sideways-moving price action. The breakout above the resistance will be bullish for the short term. However, we do remain bearish beyond that and maintain our price targets of 1 000 USD and 900 USD.
Our reasoning is based on the fact that the FED will continue to pursue economic tightening, predestining the current rally to fall. In addition to that, our view is also supported by the ongoing global recession and geopolitical turmoil leading to problems on all economic fronts.
Therefore, we voice a word of caution to market participants as we do not believe the market has bottomed out and the primary trend has reversed. With that being said, we will pay close attention to the FED meeting next week.
Illustration 1.01
Illustration 1.01 shows the daily chart of ETHUSD and the downward-sloping channel. The price is approaching the upper bound of the channel, the sloping resistance. If the breakout above it occurs, we will pay close attention to the volume and if it will be sufficient to propel the price higher.
Technical analysis - daily time frame
RSI and Stochastic are bullish. MACD is also bullish; if it breaks above 0 points, it will further bolster the bullish case in the short term. DM+ and DM- are bearish. Overall, the daily time frame is slightly bullish, while the breakout below the short-term support will be bearish.
Illustration 1.02
The picture above shows the daily chart of ETHUSD and simple support/resistance levels. The breakout above the short-term resistance will be bullish.
Technical analysis - weekly time frame
RSI is neutral. Stochastic is bearish. MACD points to the upside but stays in the bearish zone. DM+ and DM- are bearish. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
ETH/USDT - LONG SCALPING-- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. --
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⚡️⚡️ ETH/USDT ⚡️⚡️
Exchange: ByBit USDT
Trade Type: Breakout (Long)
Leverage: Isolated (5.0X)
Entry Orders:
1) 1609.65 - 100.0% (344.7864 USDT)
Take-Profit Orders:
1) 1633.5 - 65.0%
2) 1649.7 - 25.0%
3) 1723.75 - 9.998%
Stop-loss Orders:
1) 1574.55 - 100.0%
Trailing Configuration:
Stop: Breakeven -
Trigger: Target (1)
Etherium is a successful exit from accumulation.At the moment sales are not visible, we move to the local targets. Correction is possible.
If you liked the idea, please like it. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
In this idea this movement was predicted.
eth update Hi, I'm sorry, I'm late to post analysis, it's because of the conditions in Iran, I'm not feeling well to work
I think the situation of Ethereum is interesting
If it completes the pullback to this line in the weekly time frame, there will be very good bullish conditions for Ethereum and altcoins.
If the pullback is 1324, it will be great, but in the worst case, it can be 1100, and below that, this analysis will be canceled.
ETHBTC is bearishETHBTC is in a bearish market structure on HTF such as weekly and daily. at the area of golden pock fib retracement, we are looking for a lower high. price has perfectly backtested an untested daily and weekly order block which has confluence with golden pocket, value area high of the range, and Monthly Level. considering BTC dominance rising, I expect that Ethereum and altcoins underperform BTC in the coming months so I look for places to short altcoins.
ETHusdtETHUSDT
The range of 1655 Ethereum is a resistance range and a target range, and the fact that divergence can be seen in the RSI indicator, there is a high probability that the price of Ethereum will drop from the price range of 1655 Ethereum. Be careful in your transactions.
In no way is it a recommendation to buy or sell. It is just my personal analysis
$ETHUSD: Ethereum buy signal popped in the weekly...Interesting reward to risk here, I'm long $ETHUSD with a relatively tight stop. If the weekly pans out here, we may get a rally towards 2550 next, but I suspect price might need to base sideways after reaching the 1560 mark, before moving higher steadily. Definitely an interesting trade setup as it is he first bullish signal in weekly scale since a bearish signal popped in said timeframe back in late December 2021, which at the time seemed extremely risky and warned me to back away from crypto exposure since then. We had some intensive declines until now and a lot of people likely were blown up in pieces between the devastating losses caused by Celsius, Luna and other ponzi schemes collapsing, together with the big declines across the board in all crypto assets. I was skeptical overall, since I hadn't seen sentiment deteriorate enough, but I could be wrong. Since reward to risk is potentially very good, I am willing to get involved here.
Best of luck,
Ivan Labrie.
ETHBTC hints to mini Alts SeasonETHBTC has been in a range for one and a half year. Current price action is bullish and a retest of the range resistance is possible. Breakout of the range will double ETH performance over BTC.
Currently ETHBTC bounced of midrange support and retested the downward trendline it broke out of.
Similarly weekly RSI broke out of its descending trendline and retested it, creating a new upward trendline.
Ethereum (ETH) - October 27Hello?
Welcome, traders.
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Have a good day.
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(ETHUSDT 1W Chart)
The key is whether it can move up to 1741.38 and find support.
If it rises above 1879.61, it is expected that it will lead to a move towards the 2285.94-2558.23 section.
The 2285.94-2558.23 interval is the interval that determines the trend.
(1D chart)
The key is to find support in the 1542.32-1574.40 zone and move above 1622.46.
If it fails to move higher, it is likely to move towards the 0.786 (1398.88) area.
Movement near 1741.38-1777.05 is important to continue the further uptrend.
As with BTC, the 1978.61 point is a breakout point.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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✅Ethereum - No one is talking about this!
It's been 41 days since the merge. If Ethereum was still on PoW, there would be up to 488,000 ETH that miners would be able to dump into the market. Instead, net issuance is only 1,300 ETH since merge and stakers can't sell any of that yet! This is absolutely bullish.
Hit the like button if you didn't know that, because no one is talking about it!
As you can see on the chart, there is an ascending parallel channel, which is really great for a potential profit target or a sell short opportunity. This channel is on the LOG scale, but you can also draw it on the linear scale. Both are valid, unfortunately.
According to my Elliott Wave analysis, a previous extremely strong impulse wave gives us a great chance for a new swing high! Also, the correction has been clearly completed as a double ZigZag.
The price is above the blue trendline and do not be fooled. This trendline is much longer than you can see on the chart, but I am unable to show you on this daily timeframe.
It looks like November will be very bullish for the crypto market, which is really great, isn't it?
Look at my ideas about Bitcoin and 0% inflation in the related section down below!
For more analysis, hit "Like" and "Follow"!
ETH/USDT - LONG----- Welcome, dear followers! -----
- Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns.
- For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me.
- If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero.
- Today's deal is shown in the chart, and here are the entry and exit points below.
-- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. --
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⚡️⚡️ ETH/USDT ⚡️⚡️
Exchange: Binance Futures
Trade Type: Breakout (Long)
Leverage: Isolated (5.0X)
Entry Orders:
1) 1305.59 - 100.0% (249.0279 USDT)
Take-Profit Orders:
1) 1335.89 - 75.0%
2) 1372.85 - 20.0%
3) 1551.8 - 5.0%
Trailing Configuration:
Stop: Breakeven -
Trigger: Target (1)
ETH UPDATE (Can Pump More)Ethereum analysis from Behdark
With this complex market situation, the analysis must be constantly updated.
Ethereum seems to rise again after a temporary correction. If you have shorts, take them off for now. I think it will go up to the resistance range that I specified and then go back down.
If you have any questions, comment. Thank you
ETH (strong try from bulls)ETH / USDT
Market on fire and in very critical point today
Currently We see strong try from bulls .. ETH is still trading inside our major descending triangle pattern and on edge between bulls and bears territories !
-Bullish movement will confirm after breaking-out
-If rejected from here …we will cancel our all short term bullish view
Keep your eye on this ETH chart its a good indicator for the market
Dont forget to support my effort If you have any questions or thoughts ask me in comments section below ⬇️
ETHUSD short-term tradeThe price remains in the descending channel.
We see 3 scenarios:
1. The price will breakout without the pullback and will go straight towards the resistance.
2. We will see a small pullback to retest the support of the descending channel and after that the price will move back up and break out towards the target.
3. The price will break down and will retest the support at 1270 usdt
MACD doesn´t look bad therefore we think that 1 and 2 scenarios are more likely than 3.
Ethereum/Bitcoin: Overview correlationEthereum look that has a bearish evolving in weekly timeframe, what it's a moment to sell Ethereum as Ethereum can to make a deep impact in front of U.S. Dollar in front of this bear market what crypto living today.
Also, it's obviously that Bitcoin it's still bearish, one of the best strategy to accumulate Bitcoin using altcoin it's knowing the 3 key points:
1. U.S. Dollar value
2. Ethereum/Bitcoin or Altcoins/Bitcoin
3. Using Bitcoin dominance (to know when Bitcoin it's weak as strong in the trend)
That it's a smart strategy that I ever learned throughout of my crypto-experience since 2018.
So, there're a lot way to accumulate Bitcoin like making trading and find up consistent ROI, hold Bitcoin and using the old strategy that I know when we analyze altcoin in the strong dominance, that will be the case that they rise up in front of Bitcoin value. An also, you can to make trading in some crypto-broker that offer a lot instruments in the financial market like Forex, stocks, crypto or commodities and the benefit of them it's when we see a U.S. Dollar strong, a Bitcoin strong, an Ethereum strong, we could to change it for the convertibility to fiat to Bitcoin or Ethereum, or Bitcoin to Ethereum, and more.
A good broker called Prime XBT offer it to trade this thing.
But well, more later I will deepen this theme about Bitcoin and altcoins
Technically, we see that Ethereum/Bitcoin look in this bearish side, as Ethereum look more weak in front of Bitcoin value, I hope a drop in the Ethereum in front of Bitcoin value that could to reach down toward 0.038 BTC in the next month, it's a good chance to buy Ethereum later to accumulate a lot quantity of Bitcoin or an smart strategy it's making trading and starting to buy Bitcoin now and find up a goal like 20% monthly and each month re-buy more Bitcoin and then successively. Because as right now Bitcoin and Ethereum down, later of this bear market, I look that Bitcoin could to take more influence in front of Ethereum and altcoins giving us a clue of what the dominance could stand up after that Bitcoin repeat the same cycle in 2019 when Bitcoin dominance climb and altcoin weak in front of Bitcoin value. But for that, its essential to know every situation of each altcoin as I prefer that Bitcoin goes climb and Ethereum still more weak in the next month, and also a fix target could be 0.023 BTC for Ethereum/Bitcoin.
So guys, this it's a fundament and vital information if you want to know where to invest your own money later of this bear market. First starting to buy Bitcoin and accumulate Bitcoin and keep away of Altcoins for now and starting to accumulate Bitcoin for now and learn to make trading if you want to grow up your Bitcoin assets. Until the U.S. Dollar still more stronger, it's a way to apply it and change Bitcoin or Altcoins for Dollar when Bitcoin/Dollar may to weak and then, you must to re-buy Bitcoin in the deep and hold it. It's very hard to understand it, but if you have an ability, you can to get success in crypto-markets .
I hope that this information support for you. A lot content like this will be created very soon!!!
Keep update!!!
#ETHBTC Consolidates, ETH Could Jump 25% if Bulls Break 0.068BTCPast Performance of ETHBTC
Bitcoin bulls have the upper hand versus ETH, per the candlestick arrangement in the daily chart. BTC has gained roughly 21 percent against ETH from early September 2022. However, at the moment, prices are consolidating with clear limits at 0.068 BTC and 0.066 BTC. A high-volume break above the middle BB may see ETH buyers take charge in a reversal. If not, there could be more room for BTC bulls to press in a bear-trend continuation.
#ETHBTC Technical Analysis
The extended consolidation of the ETHBTC has led to a BB squeeze in the daily chart. Sellers remain in charge, and BTC bulls may double down if there are gains below 0.066 BTC and the 50 percent Fibonacci retracement level. In that case, BTC traders may load up on every attempt higher with sights at 0.063 BTC in a bear breakout formation. However, risk-on traders may ride the wave higher, favoring ETH bulls if there is a breakout above the middle BB and 0.068 BTC. This breakout would align ETH with the primary trend established in the better part of Q3 2022. If Ethereum buyers take charge, there will be a high possibility of a retest of September highs at 0.085 BTC.
What to Expect from #ETHBTC?
Prices are stuck in a sideways movement after weeks of lower lows. However, from a top-down preview, buyers have the upper hand, as the price action of Q3 2022 reveals. Therefore, if there is an ETH-favorable break out above the 20-day moving average, prices could explode higher.
Resistance level to watch out for: 0.068 BTC
Support level to watch out for: 0.066 BTC
Disclaimer: Opinions expressed are not investment advice. Do your research.