ETH Price Analysis: Bullish Momentum on the Risehello traders
Over the last 7 days, the price of ETH has been fluctuating between 1916 to $2141. The overall trend of the cryptocurrency was bullish as the price kept moving upward, but there were moments when ETH experienced dips.
Looking at The Moving Averages:
The moving averages help to smooth out the price action of ETH on the chart. Over a couple of days, the market remained supported above the moving averages, and the price has not gone below it. This indicates strong bullish sentiment in the market. also, the 200-day moving average has caught up with the price action of ETH, indicating that the short-term trend is upward.
higher highs
ETH formed a couple of higher highs and higher lows which line up with trend line support indicating the market will likely continue upside
Based on the technical analysis, the overall sentiment of the cryptocurrency is bullish. The moving averages are acting as support, we have higher highs, and trend line support.
Given the current technical analysis, it would be a buyer of ETH for short-term gains. However, It is also advisable to keep an eye on the RSI indicator to monitor any changes in market sentiment.
Ethreum
ETHUSDT Symmetrical TriangleETHUSDT: Symmetrical Triangle
At the moment, a symmetrical triangle pattern has formed on the chart. In total, there are 3 types of triangles:
1. Downward - starts from the support level and moves down with a gradual update of the lows.
2. Rising - starts from the resistance level and moves up with a gradual update of the highs.
3. Symmetric - the price fluctuates between local highs and lows with a gradually "fading" amplitude.
Exits from a symmetrical triangle can be either up or down, depending on which level breaks first. If the price of an asset breaks through the resistance level, then this indicates that an uptrend is starting in the market. If the price of an asset breaks through the support level, then this indicates the beginning of a downtrend.
It should also be noted that the symmetrical triangle can only be applied in certain market conditions, when the price of an asset is in a sideways trend and does not have a clear direction, as it is now.
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ETH/USDT currently looking weak Hey traders 👋
Let's start this day with ETH analysis here on daily chart. We witnessed a nice rejections which we have been talking about for some time now. Price broke our "supertrend" here and RSI had a nice turnover but we see a last push to happen here after what we might see a nice drop to lower trend line (Greenish zone).
What we will do here is to wait for that Yellow zone to be broken and secured from where we will be more certain that price will go for those EMAs!
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Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Near Foundation Completes Strategic Investment in CosmoseCosmose AI announced that it is working with Near, one of the blockchain protocols competing with Ether. The two are building a payment system that allows users to make purchases with cryptocurrencies at low transaction fees, saving money for both buyers and sellers. As part of the partnership, Near Foundation, a Near nonprofit supporting the development of the protocol's ecosystem, has made a strategic investment in Cosmose. The round, for an undisclosed amount, raises the company's valuation to EURONEXT:500 million from $100 million in a Series A round in 2020
There will be a large number of currency groups in the futureArthur Hayes, co-founder of crypto trading platform BitMEX, released his latest blog analysis of the global reserve currency system, saying that various currency blocs will emerge in the future, but there will be no global reserve currency hegemony. Trade with the West will continue to be conducted in dollars, and trade with other countries will be conducted in yuan, gold, rupees, etc. When there are imbalances between the blocs, they will be settled in a neutral reserve currency. Historically, this has always been gold, and this will not change.
Arthur Hayes believes that as the global financial system falls apart, there will be less demand for U.S. financial assets. The West cannot allow general capital flight from its markets to places like cryptocurrencies, foreign stock and bond markets, and they need investors as exit liquidity. So the West is making it more difficult to buy cryptocurrencies and store them in private wallets. It is not advisable to listen to any official statements, they are all misleading investors that in the coming years the world will trade in multiple currencies and then hoard gold when needed, and perhaps sometime in the near future, choose to hoard bitcoin.
BTCUSDTHello traders ,what do you think about BITCOIN ? After reaching the resistance zone of 32000, Bitcoin fell as expected with the formation of a negative divergence. Next, we expect to fall to the specified support zone and then start its upward rally to the zone of 38000.
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ETHEREUM needs more correction ❌🧨Hello 🐋
the price has started the new trend to the downside before any other huge pump and this trend should be completed ❌🧨
if
the price doesn't break the resistance zone to the upside and just complete the retest, we will see more correction ❌🧨
if
breakout of the lower support zone be completed, we can see more correction to the downside ❌🧨
brief amount of green candlesticks to the upside before any other movement is logical 📖💡
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
📈ETHUSDT Price correction scenario📉BINANCE:ETHUSDT
COINBASE:ETHUSD
Hey everyone, first take a look at my previous analysis and positions.
According to the recent growth of Ethereum and other altcoins, as well as the fall of Dominance below the level specified in the last idea, there is a possibility of price correction at the same time as the fall of Bitcoin.
Price divergences are marked on the chart
Don't forget to risk-free your position.
Consider the impact of the jobless claims on Thursday.
Please share ideas and leave a comment,
let me know what's your idea.
CrazyS✌
Cryptocurrency options exchange Deribit announces it will launchCryptocurrency options exchange Deribit announced it will launch zero-fee spot trading on April 24. At launch, Deribit will offer three pairs of spot trades: BTC/USDC, ETH/USDC and ETH/BTC.
Luuk Strijers, Deribit's chief commercial officer, said that more tokens may be shelved in the future, but that zero-fee will not last long and that Deribit plans to attract more retail users by launching spot trading. In addition, he said that Deribit also plans to obtain a crypto license in Dubai and move its headquarters from Panama to the city.
Deribit's spot trading, like its derivatives platform, will reportedly not be available to users in the U.S. and some other restricted countries/regions.
ETHUSD Fills Center Stage: A Look at the Latest Trends and PriceThe Trend Probability Indicator (TPI) for the mid-term trend on the ETHUSD pair has recently undergone a sharp downwards shift. As of today, the TPI value stands at 0.357. For context, two days ago, the TPI value was at 1.
We did however see a big wick to the upside, which could indicate that we go lower, probably to fill out another fair value gap at 1875 on the 4H timeframe:
The Trend Probability Indicator (TPI) for the long-term trend on the ETHUSD pair has remained relatively stable, with a current value of 0.928. The long-term TPI is calculated on the 3D timeframe, which indicates that this trend has been established for a longer period of time and is therefore more significant.
However, it is worth noting that there is still one day left before the 3D candle closes, which means that there is a possibility of a shift in the TPI value. As an economist, it is important to keep track of any changes in market trends and adjust investment strategies accordingly.
Currently, the 3D candle is slightly below a fair value gap at 1938, which may indicate a potential opportunity for investors to enter the market. However, it is important to conduct a thorough analysis of other technical indicators and market fundamentals before making any investment decisions.
Overall, the long-term TPI value of 0.928 suggests a bullish sentiment for the ETHUSD pair, but it is important to remain vigilant and adapt to any changes in market trends.
I have linked a previous TPI update for BTC and gold, please give that a quick read!
ETHEREUM more correction needed ❌🧨Hello 🐋
if
the price doesn't break the resistance zone to the upside and just complete the retest, we will see more correction ❌🧨
if
breakout of the lower support zone be completed, we can see more correction to the downside ❌🧨
brief amount of green candlesticks to the upside before any other movement is logical 📖💡
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
About Donating $1 Million to the Ethereum Community PassedThe ApeCoin community's AIP-230 proposal on "donating HKEX:1 million to the Ethereum community" has been voted through. The proposal intends to donate $300,000 to ETHGlobal, sponsor HKEX:700 ,000 to 11 ApeCoin hackathons and at least 5 public welfare activities, and aims to respond to V God’s call for Ape to fund public goods in 2022.
Binance Labs announced the official Binance Labs announced the official launch of the Season 6 MVB Accelerator program on April 17, with 12 selected teams undergoing an 11-week program. The 12 projects selected are: Kinza, a DeFi lending protocol; Hinkal Protocol, a decentralized privacy protocol; KiloEx, a perpetual contract DEX; Cashmere Labs, a cross-chain aggregator resistant to MEV; EthosX, a DeFi derivatives platform; AltL ayer, a blockchain execution and elastic scaling layer; ZKCross, a multi-chain ZK- Rollup execution layer ZKCross, AI conversation game HIM, divination-themed NFT social game Sparkle.xyz, Soulbound token SDKMasa Finance, Web3 native programmatic advertising platform Slise, and NFT consumer credit protocol xBank.
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ETHUSDT - A lot of levels are waiting for correction
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ETHUSDT - First TP DONE, but something is not goin (+52% ROE) We reach the first target from my review, which I wrote about below
At this time, the position is closed at partial profit and stop loss without loss on the position
I expected more. But alas, this is a crypto market, and there are manipulations.
The price moves in a range.
By creating only one deviation, creating a lot of liquidity at the bottom.
If you want to know more about my activities, watch in the description of my account
ETHUSDT SIGNAL
ETHUSDT - A lot of levels are waiting for correction