SHORT PLAN for Ethereum upcoming upgradeBYBIT:ETHUSDT.P
4h time frame
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Ethereum's Shanghai upgrade is imminent.
Also, we can notice there is a potential double top structure forming.
Try to short it if break down that uptrend line.
Ethereumforecast
ETH Ethereum Price Targets after the Shanghai upgradeEthereum’s Shanghai upgrade is scheduled to launch on April 12.
The upgrade will make more than 18 million ether, worth approximately $34Billion, withdrawable, possibly causing a sudden market supply dump.
ETH/USDT short
Entry Range: TSE:1850 - 1900
Take Profit 1: HKEX:1710
Take Profit 2: TSE:1620
Take Profit 3: TSE:1480
Stop Loss: FSE:1999
Ethereum to continue its ascentA few days ago I've written that Eth is bullish and I expect a new local high and a touch of 2k.
Indeed EthUsd broke above the last high and reached 1950, a correction followed and the price dropped to confirm the break as a genuine one.
At this moment there is a high probability for a resumption to the upside and, as I said, 2k could be next.
A break above 2k would expose 2.3k important resistance.
I will remain bullish as long as the price is above 1700
Ethereum - Buy The Rumor, Sell The News? 😳What’s up traders. In today’s trading idea, we discuss our thoughts on Ethereum.
Taking a look at the Daily chart, we’ve mapped out a few key levels & zones.
The story for Ethereum will be similar to our previous post on Bitcoin, in terms of where we think the 2nd largest crypto is headed.
If you haven’t heard, the Ethereum network is about to undergo the highly anticipated Shanghai upgrade on April 12th.
Simply put, this upgrade will allow investors (validators of the network) to withdraw their ETH that has been staked since December of 2020 (massive unrealized gains sheesh).
Right now, staked ETH accounts for 1/7th of the entire supply, 16 million tokens valued at over HKEX:26 billion.
Will a massive price dump follow?
Without diving too deep into the technicalities of the Shanghai fork, a subsequent dump could likely be in the cards.
Scenario 1: Bull Case
We see a continued push from Bitcoin, driving Ethereum up. We’re currently in an ascending triangle / bull flag, so a breakout to previous highs wouldn’t be surprising. HKEX:2 ,000 ETH definitely in the cards (Round number pseudoscience).
If we can surpass the 2K barrier, consolidate above combined with a bullish Bitcoin. Taking longs right now don’t sound too shabby.
Scenario 2: Bear Case
The bearish scenario would entail a “Buy The Rumor, Sell The News” situation. Where this push we’ve witnessed in recent days/weeks is due to the hype surrounding the Shanghai Upgrade.
A dip back down the 1400-1500 levels might be a solid spot if you want to look at getting long. If we see a severe dip from Bitcoin, and end up retouching the 1000-1200 levels. We’d be looking to buy & hold as those prices would be quite appetizing.
As always, NONE of this is financial advice. Trade, and invest at your own risk. This is for educational and entertainment purposes only, and we are in no way shape or form financial advisors.
Eyes peeled out there team. See ya in the next one.
Ethereum -> Finally The BreakHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Ethereum just recently perfectly retested and already rejected the previous all-time-high of the 2018 crypto cycle.
You can also see that we are approaching a massive HKEX:2000 area resistance, however I do expect Ethereum to break above the resistance and then just create more continuation towards the upside.
On the daily timeframe you can see that Ethereum already broke above a previous daily resistance area exactly at $1700 so I am now just waiting for a deep retest and some confirmation before I then do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Painting Ethereum- Sometimes the lines we see are unclear and difficult to understand.
- Trading is some kind of art where u are trying to paint the future.
- No one is born a great trader, one learns by trading.
Happy Tr4Ding !
SMA Crosses almost guaranteed profit happened with ETHSimple moving average crosses are the ultimate way to judge solid entries. As you can see here, the price of Ether against the U.S. dollar has risen above the latest cross. This is an almost guaranteed way to profit in any trading. No one knows how long the magnitude of this mini-rally will be, but the longer it is, the more your profit.
Current Move For ETH / updateHello traders, I am expecting a dump from ETH by staying below the red box... and you can enter at current price of 1910-1920, with stop loss: 1925-1930
last target: 1780
by staying in the red box it can hit 2020$ and then it will dump to 1450-1500
put stop loss to entry price when it drops to 1870-1880
enjoy trading <3
Ethereum engineering liquidity Ethereum has final move before we see correction lets get that jucy stops the market put the nice together as if we have nice resistance but the market will visit the high embracing early sellers just understanding the frame work is all you need comment what you think and follow for more have a greet trading week
Ethereum (ETH) gave us a hint that mini-altseason aheadIf Bitcoin has the unclear grow opportunities, ETH at the same time looks like it wants to pump a little bit more.
Ethereum price has almost reached the liquidity area and it has the high probability to collect this liquidity before the final bearish wave 5. Awesome Oscillator helps us to define wave 3 - minimum value. Now market is printing the complex correction in wave 4. Bitcoin has already finished wave 4 at the same Ethereum has the small potential to grow. It means that altseason (local) is incoming. Remember my article about BTC domination. It's approaching the key resistance and I expect small pullback, altcoins can pump at this time.
After that the dark time is waiting for altcoins with the new deep dive, ETH is not an exception.
Best regards, Ivan
Ethereum to 2k usdEthereum finally broke its resistance of 1830 usd. This is a welcome break after a 17 days sideways period.
Right now we're at day 25 out of the on average 65 days cycle of Bitcoin. I'm using Bitcoin as a reference as Ethereum is highly correlated to that asset. Meaning we still have a max of 2-3 weeks of upside potential, as I expect us to have peak at the right side of the halfway point of the daily cycle.
I believe this move will bring Ethereum at least to 2k usd as that is where the next resistance resides.
Ethereum -> Breakout TimeHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Ethereum is about to retest a massive previous weekly structure area exactly at the psychological $2000 area which was quite strong resistance in the past.
You can also see that Ethereum recently broke out of a symmetrical triangle and weekly market structure is overall bullish, so I actually do expect a break above the $2000 area and then just more continuation towards the upside.
On the daily timeframe you can see that Ethereum has been ranging for the past couple of days, I am now just waiting for a break above the daily resistance area, followed by a retest and then I do expect more continuation towards the upside from a daily perspective.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Ethereum could rise above 2kIn my previous analysis, I said that Eth is trading in a range, and for clarification, we need a break of support or resistance.
Initially, EthUsd had an attempt to break under support, but bulls quickly took control around 1700 support.
At the time of writing Ethereum is trading above 1800 and it seems like the break will be to the upside.
At this moment I'm bullish and looking to buy dips under 1800.
A break above 1850 should lead to acceleration and 2k could be the first target, but, considering the chart structure since the beginning of the year, 2300 is very probable in the medium term.
Only a daily close under 1700 would negate this scenario
Ethereum: Reaching Out… 🙌Ethereum is reaching out to complete wave 1 in green and still has got some room to rise. As soon as the respective high is established, though, the cryptocurrency should turn downwards and head for the green zone between $1607 and $1424, where wave 2 in green should end. With this low secured, Ethereum should then resume the ascent by developing wave 3 in green. However, a 30% chance remains for Ethereum to scoot below the support at $1370, which marks the last significant low of wave ii in orange. In that case, we would reckon with a new low in the form of wave alt.ii in orange in the orange zone between $1330 and $1150 before ETH can continue the upwards movement.
Ethereum Bull FlagOkay I'm taking this Ethereum bull flag with a pinch of salt, id be more convinced if it breaks 1850 on more volume! Target is a nice 34% trade to 2250.
Ethereum ETH Price Target after the U.S. CFTC sued BinanceBinance and its CEO, CZ, are being sued in the US by Commodity Market Regulators in a complaint that claims the defendants committed “wilful evasion of US law”.
This comes after the SEC Charged Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations last week.
Binance is responsible for 61.8% of the global crypto trading. Its Market Share is Huge!
I assume we are about to witness a major selloff in the crypto industry.
My Ethereum ETH Price Targets:
ETH/USDT short
Entry Range: $1700 - 1800
Take Profit 1: $1630
Take Profit 2: $1510
Take Profit 3: $1380
Stop Loss: $1900
💥 ETHUSD 4H-TIMEFRAME ANALYSIS💥 ETHUSD 4H-TIMEFRAME ANALYSIS
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Ethereum- Break of rectangle for directionFor almost two weeks now, Ethereum is consolidating its gains in a rectangle.
Rectangles are usually continuous patterns and, considering the medium-term trend is up, we can expect the price to rise above 2k after the break.
However, Bitcoin seems to prepare for a correction, and in such an instance Eth could drop also. In this bearish scenario, with a break under 1700 zone support, traders should look for selling opportunities with a target at 1500 zone support
Ethereum -> The Pump Is Not Over YetHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Ethereum is currently retesting a quite obvious previous weekly resistance area which is now turned support so I do expect at least some continuation towards the upside.
You can also see that we do have a next strong psychological structure area exactly at $2000, which I do expect Ethereum to retest before we then have the potential to create a minor rejection away from the $2000 resistance area.
On the daily timeframe you can see that we have been moving sideways for the past couple of days, following my weekly bullish outlook I am now just waiting for a break above the previous daily resistance and a retest to the capitalize on the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
ETHEREUM ETH price moves clearly, a good asset to tradeThe global idea for ETHUSDT that we published more than a month ago is still relevant and is being developed well.
The ETHUSD price has entered the $1750-2000 liquidity zone and the process of "braking" growth has begun. It seems that it is still not strong enough to break above $2000, and a correction is needed.
If during the correction, ETH buyers manage to keep the price above $1600, it will mean that they have the strength, motivation, and goal to drive the price much higher.
We also expect a correction on the BTCUSDT chart. The idea that we published at the beginning of the week is relevant, we just have to wait a little bit)
Have a great weekend
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ETH will hit 2000 with this breakout!BYBIT:ETHUSDT.P
1h time frame
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Ethereum is breaking above the bullish flag.
Once confirmation to this breakout, we will hit 2000~2100 soon!
Ethereum -> More Bullish MovesHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Ethereum is currently breaking above a quite obvious previous weekly resistance area which is exactly at $1700.
You can also see that we are approaching the next resistance at $1900, so I do expect a short term rejection towards the downside to retest the previous $1700 resistance, now turned support, and then from there I think we will see the next impulse towards the upside.
On the daily timeframe you can also see that everything looks extremely bullish, I am now just waiting for a retest of the $1700 support and some bullish confirmation before I think we will see the next rally towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Eth is in a range long termI believe that eth is going to follow bitcoin into its previously mapped halving cycle. Eth is currently in a range marked between the two blue solid lines, with a middle resistance marked with dotted line. This is looking like a long term formation, accumulation below bottom blue line would be nice. Also, can buy the retest on a breakout. I'm sitting out until accumulation zone. My bet is range before range lows sub 1000 into next bull market.
