Eth going to 3k?Eth looks good after successfull breakout the 1700 resistance
🔸Now ETH consolidated a Adam & Eve pattern in daily chart
🔸Bulls need to breakout the neckline to confirm the bullish
🔸We can see ETH above 3000 incase of breakout
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Ethreum
ETH's canary in the coal mineThe ETH long to short ratio can tell us a lot about positions in the market and the corresponding impact on price. When this ratio is over .5 start to worry. When it moves into the high water mark, it is time to start closing longs and building shorts. This is a long term perspective and not for short term traders.
$ETH 💎💎💎I'm seeing a diamond pattern on $ETH. From my knowledge where diamonds enter they in most cases exit. I still think there is a small possible bounce to the highlighted circled area around the 1770 area then down. My thought is that the price target down is between the 2 green horizontal lines at 1650-1625 area with a possible extension down to the 1580 area. Why I say the possible extension is that is where the last real push to its current price came from and before the market moves to new destinations whether higher or lower it usually retest old break outs. I will go further into my future thoughts after this move is completed. If it plays out exactly I think we may have a nice move before things possibly get nasty again.
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 Update: Indicates the signs of reversalEthereum has been experiencing a prolonged bear market period, similar to other cryptocurrencies. Given the current instability of the markets and the Fed's decision to raise interest rates, we can expect further market declines, resulting in another leg down. Therefore, in my opinion, ETH will retest its support at around $996 before rebounding and initiating a bull run, potentially reaching a value of approximately $9500. DYOR
Ethereum to break higher?Ethereum - 16h expiry - We look to Buy a break of 1857 (stop at 1807)
Our short term bias remains positive.
1843 has been pivotal.
A break of the recent high at 1843 should result in a further move higher.
Our outlook is bullish.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 1977 and 1997
Resistance: 1761 / 1800 / 1843
Support: 1733 / 1712 / 1700
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ETHBTC Altcoin indicator recovery due for alts? ETHBTC is used against Bitcoin, meaning, when Bitcoin is bullish ETHBTC will be bearish and when ETHBTC looks bullish Bitcoin will be looking weak.
Ever since 2016-2017 crypto investors have been using this tool as an early indicator to get in alts and to find "alt seasons".
You can also use this as an indicator along with Bitcoin to find when alts are going to be bloody all along. Whenever this indicator is looking bearish you know alts are going to be bearish together.
If you did not this before, let me narrow down the importance of using ETHBTC as an indicator to find ALT pumps or ALT szns:
-Ethereum Dominance: Ethereum is the second-largest cryptocurrency by market capitalization after Bitcoin. It has a significant influence on the overall cryptocurrency market, and many altcoins are built on the Ethereum blockchain. As such, ETHBTC can be a good indicator of the health and performance of altcoins.
-Historical Performance: The historical performance of ETHBTC during previous altcoin seasons has shown a correlation between the price of ETH and the price of altcoins. When ETHBTC is rising, it may indicate that altcoins are also likely to rise in price.
-Trading Pair: ETHBTC is a commonly used trading pair on many cryptocurrency exchanges, which makes it easy to track and trade. Investors can use ETHBTC to monitor the performance of altcoins and make trading decisions accordingly.
-Technical Analysis: Technical analysis can be used to identify trends and patterns in the price movements of cryptocurrencies. By analyzing the charts of ETHBTC, investors can identify potential buying or selling opportunities for altcoins during alt seasons.
-Diversification: Investing in altcoins can provide diversification in a cryptocurrency portfolio. By using ETHBTC as an indicator, investors can identify potential opportunities to diversify their portfolio and potentially increase their returns.
-Market Sentiment: The market sentiment towards Ethereum and Bitcoin can impact the performance of altcoins. If investors are bullish on Ethereum, it may indicate a positive sentiment towards altcoins as well.
ETH (CONVERGENCE) + DOWN TRENDhi there ,
convergence simply its mean that the trend its not finished yet not matter its down of up trend but in this case we have a down trend with convergence supportation,
price convergence its support the continuation of downtrend , i,m afraid this up wave its a bull trap and later price will continue down ,
thanks
What to do if ETH dumped after FOMCOn daily TF, bearish divergence since 20 Jan.
If you think it's a good idea to long at resistance on the back of a bearish divergence, go ahead.
What if ETH dumped?
I only do spot trading, so the next levels to DCA enter market will be at 0.382,0.5 and 0.618 fib levels.
1662, 1606, 1551. 1430 being the last level barring any black swan events
Like, share and comment if you like my idea.
It's time to analyze ETHFrom today, we have to wait for ETH to move towards the price of $2150.
After that, we have to wait for ETH to enter the specified range, most likely, crossing the specified resistance range which is $2350 and $2850 is not an easy task.
Finally, after passing the price of $2,850 and the general conditions of the cryptocurrency market being favorable, we will see the significant growth of ETH.
Note that the image shows the weekly chart.
ETH/BTC possible bounce entryAs BTC is ripping , altcoins are getting destroyed.
This is mainly because people are switching their altcoins into bitcoins in order to preserve their bitcoins. Bitcoin just went 70%+ in 1 week and destroyed altcoins there leaving them behind .
Above, i have provided possible targets to where altcoins can start bouncing.