Ethereumforecast
ETH Daily TA Cautiously BullishETHUSD daily guidance is cautiously bullish. Recommended ratio: 65% ETH, 35% Cash.
* CRITICAL RESISTANCE WATCH . China's refusal to adapt to the reality that the virus they helped introduce to the world likely cannot and will not ever be eradicated weighed on markets yet again in a short trading day for US Equity and Bond markets. TBH I hope there is more upheaval and that Chinese citizens are able to overcome this lockdown battle that is frivolous at best. This may have bled out into Crypto markets but it was rather temporary if it did.
Cryptos, Equity Futures, DXY, Long-Term US Treasurys, Gold, Agriculture, N100 and VIX are up. US Equities, Energy, EURUSD, GBPUSD, JPYUSD, CNYUSD, HSI, NI225 and Short-Term US Treasurys are down.
Key Upcoming Dates: US Consumer Confidence Index at 10am EST 11/29; 2nd BEA Estimate of US Q3 GDP at 830am EST 11/30; Fed Chair Jerome Powell speech at Brookings Institute at 130pm EST 11/30; Beige Book at 2pm EST 11/30; October PCE Index at 830am EST 12/01; November Employment Situation at 830am EST 12/02; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14. *
Price is currently trending up at $1220 as it approaches a retest of $1270 minor resistance. Volume finished yesterday's session favoring sellers and is on track to favor buyers if it can close today's session in the green; it has been shrinking for 5 consecutive sessions now which is indicative of an impending breakout/breakdown. RSI is trending up slightly at 45 as it approaches a test of the descending trendline from February 2020 at 50 as resistance. Stochastic remains bullish and is currently forming a soft peak at 98 as it approaches a test of max top for the first time since September 2022. MACD crossed over bullish in today's session and is currently trending up at -61, the next resistance (minor) is at -46. ADX is currently trending down slightly at 46 as Price is pushing higher, this is mildly bullish at the moment.
If Price is able to continue higher then it will likely retest $1270 minor resistance before potentially retesting the 50MA at ~$1343 as resistance which should coincide with the uptrend line from June 2022 (as resistance). However, if Price breaks down here, it will likely fall back to $1100 before potentially retesting $1000 minor support . Mental Stop Loss: (one close below) $1100 .
ETHEREUM HODL OR SELL FOREVER....-Looking at the Weekly chart we can obviously see it is in a major down trending channel and we will see more downside if we are to break the yellow trend line.
- The blue lines draw represent the overall macro bear market Ethereum has been trading in since Nov 21'.
- This is scary to see because this macro bear market could last for years.
ETHEREUM: NOT YET BULLISH.Hello traders, here's a quick update on ETH in a daily timeframe.
For the last 7 days, ETH is ranging between $1150 to $1300 not showing any sign of bullishness. On the 8th of November 2022, when ETH dumped -32% it quickly made a bounce back creating a support line below it. So far ETH has well maintained the support and it must continue to do so to stay above the $1100 range. If ETH breaks down the support line, it may possibly take another bearish turn and could be below the $1000 level.
On the other hand, a bounceback from the support is expected and this expectation could be a 35% pump on ETH.
Let us see how ETH reacts to the recent market situation. For now, I will wait and watch patiently.
I hope this update will be helpful for you all. Thank you for your continuous support.
Trade safely.
#ETH/USDT 36%+ Potential Pump. RR 1:8 !!I've already shared the reason I am opening this long in my last BTC update.
(The link is at the bottom of this update)
ETH/USDT
Entry:- $1085 TO $1167
(5.39% is the accumulation range from CMP so plan your entry accordingly)
Stop Loss:- $1052.94
Target:- Open (Possibly +30%)
RR 1:8 (Highly Lucrative)
This is not financial advice. Always DYOR.
These are my trades.
Do not cry in the comments if you can't afford the Stop Loss or go for 125x gambling.
If you like me to post more. Share this idea with your friends and communities and please hit the like button.
I have been with you in the bullish days and the bearish days.
We are going to have an amazing bull run for sure.
Cheers!
Thank you
#PEACE
3 TradingView indicators for trading EthereumTrading Ethereum can be a completely different experience to trading Bitcoin and other cryptocurrencies. While most cryptocurrency will typically move in unison, each Cryptocurrency does still have its own fundamental factors unique to its particular ecosystem, which means that they can move at different intensities and sometimes these unique aspects means they won't move in unison at all.
This can be very much true for Ethereum and it can frequently diverge from general market sentiment and forge its own price action path. As such, Ethereum traders might like to pay attention to indicators that were designed to fit this asset class. In this article we explore three such indicators and their use with to trading Ethereum.
Performante's Average Ethereum Volume Indicator
The Performante's Average Ethereum Volume Indicator uses volume flow from the biggest cryptocurrency exchanges, to determine the average trading volume of the asset. The benefit of this indicator is that you now can see a more accurate and all-encompassing idea of the volume of the asset being traded, rather than a volume flowing through one exchange/ broker.
Ethereum Long-Short Ratio
This indicator is important for understanding market sentiment as derived from the number of long traders vs the number of short traders.
Effectively, the higher the ratio (the higher the orange bars) means that long traders out number short traders, the we might have more confidence in the bullish prospect of Ethereum. Conversely, a lower the ratio, or the lowering of the ratio, might indicate the declining bullish prospect of Ethereum.
Correlation Coefficient
After you select this indicator, you will be presented with a popup box for you to choose an asset that you can compare with Ethereum. Your selection here could be banking stocks, tech stocks, Bitcoin, another cryptocurrency, or any other asset that aligns with a theory you have about Ethereum moving in relation to the movement in another asset.
The Correlation Coefficient Indicator is range bound between 1 and –1. If the indicator is switching between the bounds of this range or hugging close to 0, it typically means that the relationship between the assets is not very strong or predictable (as 0 indicates no correlation). What you want to watch out for are assets where the indicator remains close to 1 (as this indicates a high positive correlation) or -1 (as this indicates a high inverse correlation). Either way, a positive or inverse relationship can be used to help determine the movement of Ethereum via this other asset.
Ethereum price target still heading to $754 which sucksWe did this analysis last month and the price is still coming down based on the Descending Triangle.
First target is $754. This actually is sad because I am a big supporter of Ethereum and what it stands for with future technology with smart contracts.
But right now, it can't beat the Crypto Season of snow and will continue down...
I will wait for Ethereum to hit about $2,000 before I buy a couple of them for long term investments.
Until then, this winter can last a few years before the aftereffects from FTX, BTC, Luna and Crypto.com (soon) resolve.
Ethereum Analysis 22.11.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
ETH Ethereum: $600 Range IncomingToday you can review the technical analysis idea on a 1D linear scale chart for Ethereum (ETHUSD).
Ethereum is inside a triangle looking to complete a formation of a potential Bear Flag Pattern. The measured move of the Bear Flag formation is under $600. The price currently has two paths by either staying inside the triangle until completion or headed down now. Interestingly MFI (Money Flow Index) shows an uptick in the short term and the RSI is at a support point.
I think the $600 range may be resting place before more downside based on my prior ETH charts.
I have been calling drops on crypto since November and December of 2021. I am more concerned than before that more drops are coming. Be careful.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
Why i think ETH will hit 600-800 area in the next 30-60 daysHonestly i dont feel for making a description (most will not read it anyway)
But target is 600-800 for obvious reasons.. I think BTC and crypto got much more to fall before recovering!
But as you can see i also do kinda expect a little pump before the next dump NFA,DYOR
We shall see.
FTX Hacker now 36th largest holder of ETH EthereumFTX "hacker" has converted 25,000 ETH worth $30 million into Bitcoin , on-chain data reveals. Total ETH stolen is valued $288 Million.
So 3% sell-off for 10% of the stolen value.
Imagine if the hacker sells more!
On the other hand, Grayscale won’t share proof of reserves, citing ‘security concerns’.
Grayscale theoretically owns 3.3% of the Bitcoin market cap. LUNA owned only 80k BTC, while Grayscale owns 640k BTC.
MSTR MicroStrategy gets a liquidation call at $13500K for BTC.
Cryptocurrency lender Genesis was seeking an emergency loan of $1 billion from investors before Monday, Nov 21.
My Price Targets for ETH Ethereum are $1055 and $875.
Looking forward to read your opinion about it.
What if ETH going minus? Like USOIL in 2020 🤔Ummm..i don't know, I'm not psychic. But, that is really possible if many people going short without taking profit point. I mean what if those red rallies are not correctional wave but rather an impulse wave of bear market.
Since fib 61.8 was considered golden ratio, and 38.6 was 61.8 inversion. And based on the test, only 17% of the price that did not rebound on 61.8. And based on the record, USOIL had achieved that super weird nightmare record in 2020 that never happened before.
I think it is much easier for ETH to reach minus price. Since USOIL is much more useful in real-life than fintech software such as ETH or BTC. I mean those crypto things are fundamentally worse than USOIL, USOIL has function as a daily consumption rather than just traded assets with no function like cryptos.
Ethereum Intraday TechnicalsThe intraday chart of ETHUSD was choppy and slow yesterday and continues to be slow today.
I monitor the below scenarios today.
Scenario 1. A strong closure above $1,300 will bring more strength towards $1,427, however it will remain choppy.
Scenario 2. A closure below $1,097 will push Ethereum down towards $880-$971 region.
Scenario 3. A strong rejection of $1,300 will push Ethereum down towards $880-$971 region.
Ethereum #ETH Long?Alright here is the thing, there are plenty items suggesting that ETH #ETH can potential break to the upside.
We are looking at the 1 HR chart here:
- Falling Wedge 1 worked great along with Falling Wedge 2.
- Do you see a Falling Wedge 3 forming with a potential upside?
The only contradicting item is that currently BTC #BTC as posted previously is shown signs of a break to the down side. When BTC breaks either directions others tend to follow as well.
What are your thoughts of ETH potential upside and BTC potential slide to the downside?
Also take a look at the Bullish Divergence shown.
TL:DR:
- Previous Falling Wedges worked out.
- 3rd Falling Wedge in the works?
- Bulling Divergence shown as well.
- If Long, take a look at the current BTC possibility for short posted before this.
ETHPERP - Weak resume shopping.After the test of the buyer at the price of 1168 there is no progress and volume, the price failed to break through the local maximum, which tells us about the possible further decline in the price or we can expect a retest of the buyer in the range of 1111-1133. On the chart there is a buy zone, from where we can see a resumption of buying, if the buyer does not show strength, the price will go even lower.
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
your friends.
ETH Daily TA Neutral BullishETHUSD daily guidance is neutral with a bullish bias. Recommended ratio: 52% ETH, 48% Cash.
* BOUNCE WATCH . BlockFi admitted to having significant exposure to FTX (and associated companies) and are considering filing for bankruptcy after the Founder/COO Flori Marquez announced that they had enough liquidity to remain fully operational on November 8th . Liquid Global, a Japanese exchange owned by FTX has paused withdrawals. SALT, a crypto lending firm, has also paused deposits/withdrawals in the wake of the FTX collapse. It's very hard to say how much of the meltdown has been priced in after such a drastic and impulsive drawdown, but it seems premature to think that the spillover from the FTX/Alameda collapse is over. US October PPI increased less than expected, fueling more theories that inflation is subsiding enough for the Fed to slow its pace of rate hikes. Donald Trump just announced he intends to run for US President again in 2024.
Cryptos, Long-Term US Treasuries, GBPUSD, EURUSD, Metals, Natural Gas and Equities are up. DXY, VIX, Equity Futures, CNYUSD, JPYUSD, HSI, NI225, Oil and Agriculture are down.
Key Upcoming Dates: Fourth GDPNow Q4 GDP estimate 11/16; US October Retail Sales at 830am EST 11/16; US October Building Permits and Housing Starts at 830am EST 11/17; Russia/Ukraine Grain Deal Expiration on 11/19; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30; October PCE Index at 830am EST 12/01; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14 . *
Price is currently testing $1270 minor resistance for the sixth consecutive session. Volume remained High (moderate) in yesterday's session and is currently on track to favor buyers for a third consecutive session if it can close today's session in the green; Price is currently testing the second largest VP supply/demand zone on the chart. Parabolic SAR flips bullish at $1522, this margin is bullish at the moment. RSI is currently trending up slightly at 43 after bouncing off of the uptrend line from October 2018 (as support) just above 37 support. Stochastic remains bullish and is currently trending up at 33 after denying a bearish crossover at 31, the next resistance is at 47. MACD remains bearish and is currently forming a soft trough at -46 minor support. ADX is currently trending up slightly at 37 as Price attempts to push higher, this is mildly bullish at the moment.
If Price is able to break above $1270 minor resistance then it will likely retest the uptrend line from June 2022 at ~$1340 as resistance . However, if Price is rejected here, it will likely retest ~$1225 as support before potentially retesting $1k minor support . Mental Stop Loss: (one close below) $1225.
📈✌ETH 1H Long Position✌📉BINANCE:ETHUSDT
COINBASE:ETHUSD
Hi traders, first take a look at my previous analysis and positions.
between now and the yellow area, you can open long position in one or two steps. 🐱🏍
If the price rises and reaches the TP1 level, you can risk-free the position.
TP1-2-3-4-5-6 are on the chart.
The optimum stop-loss is below the determined level.
Please share ideas and leave a comment,
let me know what's your idea.
CrazyS✌
Ethereum merge is a ☢ Nuclear bomb ☢ and the timer is set█ Ethereum Merge has the potential to be the biggest disaster Crypto has ever seen
What we know?
⚪ The Ethereum community (Devs) are currently realizing the censorship about to go down on Ethereum via OFAC (Office of Foreign Assets Control) This is why the government has no issue with Ethereum going PoS its actually a setup.
⚪ The majority of Ethereum users are extremely bullish even though their entire ecosystem model is built on top of "DeFi" unregistered securities and fraud, this would cause any major Eth 2.0 staking contributors who want to operate legally to dump all their holdings ,
· 31.2% Are CEX (centralized Exchanges who will follow OFAC to remain able to do business)
· 21.3% Are Whales (Already calculating in what I'm saying they will not alert you to this risk/problem)
· 32.6% are Liquid staking (I'm calling this weak bullish hands who are probably waiting to dump the moment the unlock happens thinking Eth would be at $50,000 now)
For those who don't follow that is 85.1% that fall into the group of Weak hands / Will be sold due to OFAC legal requirements.
· 11,353,354.392 Ethereum to be exact ready to be unlocked in Eth 2.0 that is an 85.1% Attack vector on Ethereum the governments have. (yes this is bad)
⚪ Besides Ethereum's price going up there is no back end funding to DEVs there is no business model here once you go PoS . Ethereum's community is already splitting wanting to stay PoW now and the rest wants to get PoS over with to finally end Bitcoin . . .
⚪ If Ethereum / Vitalik / Devs don't have a hidden trick up their sleeves that I don't see, Ethereum merge is a ☢ Nuclear bomb ☢ and the timer is set for Sept. 19, 2022.
⚪ What happens what do i do?
· Do your research on top of mine here, Ethereum will likely go back to single digits as the community wide spread panic occurs, whales dump, whales will also open the big short.
· Figure out what's going to replace Ethereum?
· Do I want to buy Bitcoin if it gets collateral damage and falls near $10,000 briefly?
⚪ What's the deal with the Facebook / MySpace - ETH / BNB chart?
· Why am I comparing Ethereum to Binance smart chain? I have been in meetings with CZ many years ago and he has always had one vision, his vision was to become the Facebook or Google of the crypto mainstream take over becoming bigger than Facebook and Google combined.
· Binance currently has a proven unbeatable model that dances with the regulators through an IP rights setup that allows Binance to function globally on different jurisdictions. (If Binance BNB got banned in the US it would not effect any other country) so OFAC won't even try
· CZ will mainstream the KYC / AML requirements and work with governments and regulators dealing with fraud / tax evasion in return the governments and especially OFAC , SEC will allow Binance to run their BNB chain, this is why CZ always spoke about a CeFi / Defi mix he knows this day would come.
⚪ I have included some stats from the Cayman Islands that show's a portion of how well Binance's model works
⚪ Oh and why this is all going on don't forget CZ acquiring Money Transmitter License's in Texas and all over the globe, Ethereum can't and has none of this.
Rihanna - Rehab (Official Music Video) ft . Justin Timberlake is property of The Island Def Jam Music Group
I DO NOT OWN THE RIGHTS
Binance Changpeng Zhao (CEO, founder)
Launch date 3 September 2017
Binance revenue
Year Revenue
2020 $5.5 billion
2021 $20 billion
Binance profit
Year Net income
2017 $7.5 million
2018 $850 million
2019 $570 million
2020 $900 million
Binance users
Year Users
2017 1.5 million
2018 13.3 million
2019 16.5 million
2020 21.5 million
2021 28.6 million
Binance annual crypto exchange volume
Year Annual exchange volume
2017 $59 billion
2018 $516 billion
2019 $401 billion
2020 $1.07 trillion
2021 $7.7 trillion
ETH $ Breakout Zone we've got one level to break at 1300$+ in order to see a bulish momentum towards the 1400$+ ,and the 1784$+, onl;y if we held our current asending line , howvere if we got rehected before the 1300$ level, we going to make double support first above the 1100$+, then if we didn't see buying presusre , is means the short will drive the price till the 917$+.
ETHUSDTPERP - The test looks successful.The buyer was tested at a price of 1168. From where we can see the sales absorption on the increasing volumes and the spread widening, this formation tells us that the strong hands at the moment are interested in the growth of the asset's price. Thus, for 21 days we can see the price of the second cryptocurrency at 2000 for one coin.
If you liked the idea, give it a like. 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 please yourself and your
your loved ones.
ETH Daily TA BearishETHUSD daily guidance is cautiously bearish. Recommended ratio: 5% ETH, 95% CASH.
Happy Veterans Day to those who served.
* MASS CRYPTO DELEVERAGING WATCH. The FTX/Alameda meltdown isn't over yet, and keeps getting crazier with speculation that the troubles at Alameda Research started to amplify after the LUNA death spiral caused SBF to funnel funds from FTX to Alameda and to "altruistically" acquire the insolvent exchanges and lending firms that were overly exposed in order to protect Alameda's own FTT-collateralized loans. The fact that Alameda was essentially comprised of 9 drug-fueled lovers living in the Bahamas is astonishing enough, but even weirder is that both of SBF's parents are "regulatory compliance experts". One thing about this that perhaps changed how it all could've gone down was CZ's (Binance) involvement. I'm under the impression that the crypto crash wouldn't have been so sudden and widespread if CZ wouldn't have tweeted about FTX's struggles, how he was looking to rescue them and then labeling them beyond rescue all within the span of two days. I totally get that CZ likely did it for brand posturing and marketing but he may have also benefited from the massive price increase to BNB after the initial tweet offering to acquire FTX. Fair game though. It's a bit too early to try to predict the end of this mass deleveraging that is currently taking place throughout the Crypto industry and more industry players may go down from this in the coming days, so it's suggested to stay in cash until there's some kind of light at the end of the tunnel. The UofM November Consumer Sentiment Index is 54.7, down from 59.9 in October and likely reflective of the political shift from the Midterm elections.
Key Upcoming Dates: Fourth GDPNow Q4 GDP estimate 11/16; Russia/Ukraine Grain Deal Expiration on 11/19; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30; October PCE Index at 830am EST 12/01 ; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14 . *
Price is currently testing $1270 minor resistance for the third consecutive session after breaking below the 50MA and the uptrend line from June 2022. Volume finished yesterday's session High (moderate) and is currently on track to favor sellers for a second consecutive session if it closes today's session in the red; Price is currently testing the second largest VP supply/demand zone on the chart. Parabolic SAR flips bullish at $1600, this margin is bullish at the moment. RSI is currently trending down at 40 after forming a peak at 43 and will likely aim to test the uptrend line from November 2018 at 37 support in the coming sessions. Stochastic remains bullish and is currently trending up at 33 with no signs of peak formation, it's still technically testing 23 resistance. MACD remains bearish and is currently trending down at -25 as it approaches -46 minor support with no signs of trough formation. ADX is currently trending up slightly at 32 as Price continues to see selling pressure, this is bearish at the moment.
If Price is able to breakout above $1270 minor resistance then it will likely aim to formally retest the 50MA at ~$1395 as resistance . However, if Price is rejected here, it will likely formally retest $1k minor support before potentially falling lower to $776 minor support. Mental Stop Loss: (two consecutive closes above) $1300.
Ethereum- False break of support and reversal?After a rise towards 1700 resistance at the beginning of the month, Ethereum has also dropped hard like all the crypto market and took a dive under the 1200-1250 important zone.
However, this drop was quickly reversed yesterday to put the coin back above support.
At this moment there is a high chance that the drop was a false break and a reversal to the upside could follow.
Clarification for a sustained up trend comes once Eth breaks back above 1400 and a break under 1k zone would negate this scenario.
2k can be the target for medium-term bulls.