Ethereum ( ETHUSDT ) forecast and idea.Hi crypto traders!
My view for Ethereum is, With or Without correction, we have a bullish trend.
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✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
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✅ Please write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed, and ask any questions about chart analysis.
Thanks for your attention
Ethereumforecast
Ethereum - More pain ahead after the bounce Ethereum, similarly to Bitcoin, enjoys a temporary relief. However, we remain bearish as fundamental and technical factors do not force us to reassess our views. For the short-term, however, we would not be surprised to see a bit more upside as we expect many market participants to forecast the bottom and hunt for a bargain. Despite that, we think the bounce in price will be short-lived like on previous occasions. Accordingly, we stick to our 1 000 USD and 900 USD price targets.
Illustration 1.01
Illustration 1.01 shows the short-term setup for ETHUSD.
Technical analysis - daily time frame
RSI is bullish. MACD is slightly bullish but stays in bearish territory. DM+ and DM- are bullish. Overall, the daily time frame is slightly bullish; however, the trend is weak.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+, and DM- are all 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.
We expect growth in the coming days ETHEREUM ETH priceAlmost two weeks have passed since the transition of the Ethereum from POW to POS
What did we get? Movement along the red route from our previous idea, as well as:
- reduction of mining of new coins by -86-90%
- falling ETH price
A little illogically. The prospect of a decrease in the supply of Ether on the market should have provoked a strong increase in the ETHUSD price
It is possible that the trading strategy of large deposits is currently being restructured, taking into account the new minting data of new ETH. And in the future the ETHUSDT price will resume its growth.
However, the truth will be that the launch of the MERGE coincided with, how we hope, "final fall" of the crypto market in 2022.
And while the BTCUSDT price was close to updating the minimum of 2022, the ETH price stopped at 27% above the June minimum.
Ok, in the coming days, we expect the ETHUSDT price to rise to $1575 . There is a crossing of several critical levels, so a correction from there will be very likely.
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ETHEREUM: SYMMETRICAL TRIANGLE BREAKOUTHello traders, here's a quick update and trade setup on ETH in an hourly candle.
We can clearly see a nice symmetrical triangle breakout in ETH which looks good. Scalping ETH with a target close to $1400 will be a good call. Breaking down below $1290 will invalidate the trade setup.
Should you consider taking this trade? Well, that's up to you and your research. If you find it convincing and are willing to take risks then you can jump in with a tight SL.
Note: This is a scalping trade setup. Do not consider this financial advice or a long-term trade setup.
All the best.
Ethereum - Due to drift lower In August 2022, we stated a bullish narrative regarding Ethereum's “merge” is absolute nonsense that will be proved wrong as time progresses. Then over the coming weeks, we also expressed our worries about the FED meeting in September 2022. Indeed, just hours before the FOMC, we speculated that Ethereum could have experienced a short-lived bounce, followed by a sharp drop. Our assessment proved to be correct, and Ethereum bounced up after the FED decision and then fell with the rest of the market. Because of that, combined with fundamental and technical factors, we continue to be bearish on Ethereum. Accordingly, we stick to our price targets of 1000 USD and 900 USD.
Illustration 1.01
Illustration 1.01 shows simple support/resistance levels for ETHUSD.
Technical analysis - daily time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the daily time frame is bearish.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+, and DM- are all 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.
$ETH - Edges lower!$ETH - Edges lower!
$ETH - H&S - Taking us to 1.2k - Even when merge occurs that's in sept - Powell speech shifted the markets into gear dxy heads higher and higher rates 75 are here to continue further - data dependent. 21st sept FOMC.
Restrictive policy: July print - CPI lower however just 1 data. This will need to continue to set back the hikes.
Have a great weekend,
TJ
ETH/USDT-WEEK CHART FALL AND TOP OF BULLRUN PROJECTIONSIn this idea I cover what I see in the future for ETH according to the charts. Keep in mind that this is what the chart tells me, but when dealing with the fundamental side they may experience a lot of turmoil. The merge didn't necessarily help them with the FCC looking into a new classification now and the US claiming they have jurisdiction over ETH. Could get messy, but at least the chart is optimistic long term. If you agree throw me a like and follow me for more unique ideas, concepts, and projections that keep you in the gains. Much love to my supporters- ND
ETH major descending triangle ETH / USDT
ETH is forming a giant descending triangle and right now Price is testing important key zone of 1300-1250$
What Next ?
1- if bears break 1200$ it’s likely to continue the dump to 1000$-800$ levels and there we have a chance for a double bottom
2- if bulls save current key level .. we will have another minor pump to test 1600$ (major trendline resistance) Before dumping again
Important Note : there is no real bull rally below the major trendline (violet color in my chart ) any thing below it is a bear’s territory
ETH Daily TA BearishETHUSD Daily guidance is bearish. Recommended ratio: 5% ETH, 95% Cash.
*Cryptos are experiencing a Sunday Scaries sell-off to end the week as Equity Futures are down to start the week. This is all likely in anticipation for what is expected to be a volatile week with US Building Permits and Housing Starts data coming in before the Federal Reserve announces what is expected to either be a 75bp or 100bp FFR hike on 09/21 at 2pm. Key Upcoming Dates: US August Building Permits and Housing Starts at 830am EST 09/20; 13th GDPNow US Q3 GDP estimate 09/20; FOMC meeting 09/20-09/21 (Statement Released at 2pm EST on 09/21); S&P US September Manufacturing PMI at 945am EST 09/23.*
Price is currently trending down at ~$1300 after breaking below $1427 support in yesterday's session, the next support (psychological) is at ~$1k. Volume was High in yesterday's session and is on track to favor sellers for a second consecutive session if it closes today in the red. Parabolic SAR flips bullish at $1695. RSI is currently trending down at 33 after breaking below the uptrend line from November 2018 at 37 as support, the next support is the uptrend line from 01/22/22 at ~32. Stochastic remains bearish and is currently attempting to crossover bullish at 5 as it approaches a potential test of max bottom. MACD remains bearish and is currently trending down at -61 but is still technically testing -46 minor support; the next support is at -91. ADX is currently trending up at 20 as Price is breaking down, this is mildly bearish at the moment; should ADX climb above 25 AND Price continue lower, this would be very bearish.
If Price is able to bounce here then it will likely test $1427 as resistance . However, if Price continues to break down then it will likely retest $1k psychological support . Mental Stop Loss: (two consecutive closes above) $1427.
🟢 ETHUSDT - 1H (16.09.2022)ETHUSDT
TF: 1H
Side: Long
Pattern: Falling Wedge
Entry: Between $1,446.59 & $1,481.57 (Red area)
SL: $1,446.59
TP 1: $1,496.44
TP 2: $1,527.27
TP 3: $1,552.20
TP 4: $1,577.12
Falling wedge has developed after yesterday's downtrend which invalidated previous chart. It should pick up here now.
RSI is oversold so confirms potential upward momentum.
Ethereum Is Rejected | Now Watch out For Inverse H & SHi friends hope you are well and welcome to the new update on the Ethereum coin.
Big wedge formation:
On the weekly time frame Ethereum has entered a very big falling wedge pattern.
Priceline found the support of this pattern in the month of September 2021 then got 1st rejection by the resistance of this pattern in the month of November 2021, then again drop down at the support in the month of January 2022 and rejected by the resistance in the month of April 2022, finally, the priceline again dropped at the support of this wedge in the month of June 2022. Then Ethereum started another rally from June to August 2022 and after the rejection of August there was a price correction, and recently the price has again reached resistance but it is likely to be rejected once again. One thing is for sure, in order to start a big bull run Ethereum needs to breakout this huge wedge pattern.
Broke out a channel:
On a daily time frame, while moving inside the big falling wedge pattern Ethereum has also formed a down channel and already has broken out the resistance of this channel. The target for this break out is approximately at $3,500, however, so far the priceline is not able to reach the target for this break out from the channel because it has been stopped by the resistance of the bigger wedge pattern.
Inverse Head & Shoulder:
On the daily time frame, Ethereum has also formed an Inverse Head & Shoulder pattern. The right shoulder can work as strong support which is at $1400. If this support will be broken down then there can be a big drop expected up to the long-term support of $880 and there is also the support of wedge as well.
Conclusion:
In the short term, the priceline is testing very critical support of the right shoulder of the Inverse Head & Shoulder pattern. If this support will be broken down then price can drop to test the support of the falling wedge pattern and the long-term support of $880, however, in the long term, Ethereum has formed a very big bullish biased falling wedge pattern, and eventually, the priceline can break out the resistance of this wedge. Once Ethereum will be able to break out this big falling wedge pattern then the target can be the top of the wedge which will be approximately $4500.
Ethereum forecast and idea 🧐Hi traders,
⭐ This one without explanation! 🤓
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✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
------------------------------
✅ Please write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed, and ask any questions about chart analysis.
Thanks for your attention
ETHEREUM: INTERESTING PATTERN TO LOOK AT.Hey guys, welcome to this new update on ETH.
Timeframe: 12 hours.
Update: The merge has taken place and we see a major -9% drop in ETH. This drop may not look good in a shorter timeframe but in this 12 hours timeframe, ETH is bouncing right from the support level. If we backtest then we will notice that ETH made a similar pattern back in June 2022 and then it broke out around 64%.
No wonder ETH could make a similar move after the merge. All eyes are on the lower supporting trendline. If ETH manages to hold this support then we can expect a bounce back soon.
Let's see what happens next.
Trade safely.
Ethereum Options Idea for 23rd September 2022Since Ethereum has a immediate resistance level at 1580-1600 and immediate support level at 1300-1350, I thought of taking a trade in options by selling Call and Put at 1580 and 1350 levels respectively for an expiry on 23rd September.
I would keep a close eye on the FOMC meeting on the 21st, If i manage to get enough premium before the FOMC meeting, then I might as well cut my position.
Note: Options can be used when Ethereum is not moving in either direction.
ETH | An Elliot Wave PerspectiveETH | An Elliot Wave Perspective
During all this week the price looks like it is stopped near 1430
that corresponds to strong daily support.
The ETH Merge insecurity is holding the market under pressure.
One of the biggest events is resulting from being non-even at all.
Now I am looking at the price to develop in two ways.
The first scenario is that the ABC pattern correction can be finished where it is
now (Black scenarios). At this point, the price should increase soon.
The second scenario is that the ABC pattern correction can be completed near 1100 and
after that, the price can begin the bullish movement again. (Blue scenarios).
At this point, the price should increase soon.
Targets:
1900
2300
Thank you and Good Luck!
Ethereum and The correction up to the MA 100 🧐After the drop in last week, we have the price correction up to the MA 100 range.
We also see in the pitchfork that an uptrend channel has been created.
⭐⭐ Keep in mind, that the downtrend in the main major channel is not over yet, and there is a possibility of falling again at any moment.
⭐⭐ for now, the buy trade should be done with caution.
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✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
------------------------------
✅ Please write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed, and ask any questions about chart analysis.
Thanks for your attention
Ethereum Forecast & Idea✅ Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on trading-view, And only a few of these analyzes are my actual trades. I hope Traders consider I am not responsible for your trades and investment decision.
------------------------------
✅ Please write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions.
Thanks for your attention
SELL Ethereum!! Eth H&S Pattern Confirmation. Bears in Control!This chart is pretty self-explanatory.
Head and shoulders pattern has completed and with current Macro-Economic conditions worsening and tightening, I guess this truly was one of those, "Buy the rumors, sell the news" events with the Ethereum Merge.
Not only this, but we are consistently trending down, making a series of lower highs and lower lows. The trend remains intact and very strong.
I thoroughly expect us to double bottom or even make a new low on Ethereum. The time frame for when this happens remains to be seen.
My take profit Targets on my short are $1000 - $880 for 75% of my position. I will hold this position into a new low if that occurs.
This will be my position on the markets until we print a new higher high and a breakout on Ethereum above $2,050 will prove this theory wrong.