ETHUSDAs of this writing, ETH/USD has fallen to lows not seen since the 1st of November. However, the drop from nearly 4755.00 via yesterday’s high to this morning’s value of about 4305.00 as of this writing was quick. The price velocity of the plunge will get the attention of speculators, even if they are accustomed to extremely fast conditions and typically do not get nervous.
Reasons behind the sudden selloff in the broad cryptocurrency market may have something to do with the massive ‘infrastructure bill’ being signed into law in the States. The legislative bill includes a mandate that would allow the U.S. government to supervise digital assets with greater tax efforts, but this may prove to be noise. The actually reason for the sudden decline in values in ETH/USD and other major cryptos may effectively prove to be a profit-taking mode undertaken by speculators.
ETH/USD is currently near the 4300.00 mark and if this vicinity starts to prove is has adequate support below, the notice that the selloff may turn out to be a buying opportunity may entice speculators. Cautious traders should keep their eyes on lower values, if support levels with a deeper reach are tested near the 4200.00 level in the short term, this could set off alarm bells that the decline has further room to explore.
While ETH/USD has certainly been within the whirlwind of a substantial bullish run higher, the value of 4235.00 was a fairly solid resting ground when ETH/USD made its high water values in May of 2021. A sustained test of this value downward could spark more speculative sellers who decide to cash out winning positions if they seek to register their profits before they potentially vanish.
Speculators need to use their risk-taking tactics astutely today because it appears Ethereum will see a solid amount of volatility in the short term. Bullish speculators who remain optimistic may see the sell off as a technical reaction to recent record highs, and a signal ETH/USD needs to consolidate within a lower value tier near term. However, cautious traders who want to be buyers and wager on upside action to develop are encouraged to keep their eyes on the 4250.00 level, if this fails to hold back a selling tide more bearish activity could ensue.
Ethereum Short-Term Outlook
Current Resistance: 4421.00
Current Support: 4250.00
High Target: 4574.00
Low Target: 3920.00
Ethusdidea
ETHUSDT Bullrun Not Over Yet!!ETHUSDT (1D Chart) Technical analysis
ETHUSDT (1D Chart) Currently trading at $4310
Buy level : $3900 - 4300
Stop loss: Below $3300
TP1: $4880
TP2: $5500
TP3: $6400
TP4: $7500
Max Leverage 2x / Spot Market
Always keep Stop loss
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ETHUSD🔵 CYCLE 🔵 *#RoyalQ*
Buy *ETH/USDT* at Current Price: $4,745
Potential Profit Target (PPT) =>
*Trade settings*
First buy: 20
Margin call limit: 7
*NO Dip Calls Multiplier Buy in*
1st call: 2.50% 0.5 times
2nd call: 3.00% 0.5 times
3rd call: 2.70% 1 times
4th call: 3.50% 0.5 times
5th call: 2.50% 1 times
6th Call: 3.70% 1 times
7th Call 2.5% 1 times
Total 20.4% $130
Change Mode from Cycle to One-Shot after 5th Call/Profit or when price is near $5,300 or Set profit target at 10% (One-Shot)
ETHUSDEthereum fell by 1.14% on Friday. Partially reversing a 1.94% gain from Thursday, Ethereum ended the day at $4,667.34.
A mixed start to the day saw Ethereum rise to an early morning intraday high $4,809.27 before hitting reverse.
Coming within range of the first major resistance level at $4,811, Ethereum slid to a late afternoon intraday low $4,508.42.
Ethereum fell through the first major support level at $4,606 before a partial recovery to end the day at $4,660 levels.
At the time of writing, Ethereum was up by 0.70% to $4,700.17. A bullish start to the day saw Ethereum rise from an early morning low $4,667.19 to a high $4,708.60.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid the $4,662 pivot to bring the first major resistance level at $4,815 into play.
Support from the broader market would be needed, however, for Ethereum to break back through to $4,800 levels.
Barring an extended crypto rally, the first major resistance level and Wednesday’s ATH $4,867.81 would likely cap the upside.
In the event of a broad-based crypto rally, Ethereum could test resistance at $5,000 levels before any pullback. The second major resistance level sits at $4,963.
A fall through the $4,662 pivot would bring the first major support level at $4,514 into play.
Barring another extended sell-off, however, Ethereum should steer clear of sub-$4,400 levels. The second major support level sits at $4,361.
Looking at the Technical Indicators
First Major Support Level: $4,514
Pivot Level: $4,662
First Major Resistance Level: $4,815
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
ETHUSDT Explanations what happend past couple weeksTechnical Analysis Summary
ETH /USDT
Today I will be explaining what has happened in the past couple of weeks simply buy using 2 tools (TRENDS,SUPPORT AND RESISTANSE LEVELS).
Green levels are levels of support
Red levels are levels of resistanse
yellow old trend (no longer active)
Green trends (active trends)
Most of my explanation can be found on the chart
If you need any aditional explanation or help don't hesitate to send me a message or comment
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
ETH/USD RALLIES TO NEW ALL TIME HIGH At $4867Ethereum (ETH/USD) extended its very bullish performance early in the Asian session as the pair appreciated to the 4867.81 area after trading as low as the 4655 area during yesterday’s Asian session, with the intraday high representing a new lifetime high. The interday low represented a test of the 100-hour simple moving average, and also represented a test of the 38.2% retracement of the recent appreciating range from 4329.21 to 4824.54. Stops were recently elected above the 4633.03 area during the upward range expansion, a previous upside price objective related to buying pressure around the 3643 area.
Stops were recently elected above the 4633.03 area during the upward range expansion, a previous upside price objective related to buying pressure around the 3643 area in October. Additional upside price objectives include the 4895.12, 5035.94, 5060.87, and 5268.46 areas. Following the recent appreciation, downside price retracement levels and areas of potential technical support include the 4617, 4478, 4365, 4253, 4114, and 4093 levels. Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly).
Price activity is nearest the 50-bar MA (4-hourly) at 4606.48 and the 50-bar MA (Hourly) at 4772.48.
Technical Support is expected around 3515.25/ 3375.24/ 3235.23 with Stops expected below.
Technical Resistance is expected around 4895.12/ 5035.94/ 5060.87 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
Will ETHUSDT confirms its bull run?If ETHUSDT is trying to make a new high, It has to cross above wave (X).
I had published ETHUSDT's chart on 1st Oct 2022.
Click here :
It has touched the 3rd target. Will it go for the 4th TP?
I will update further.
Quote of the day:
"Let the market commit to you first before you commit the market''.
ETHEREUM:UPTREND|PRICE IS GROWING FAST| $5000 NEXT TARGET 🔔First Target Reached , price continue to growing fast!
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DOUBLE BOTTOM POSSIBLY FOR ETH? GREAT, LONGHey guys, you seeing what I am seeing here? Just would like to know if I am identifying these things properly because practicing my strategies is worthless if I am practicing the mistakes or bad habits. Obviously the buy in after the price crossed the confirmation line would have been pretty lucrative, another W for Technical Analysis. Any feedback guys, did I read it wrong? Was it something else I was missing perhaps? Thanks guys! We all need to OWN MORE ETH!!
ETH/USD LONG SETUP(INVERSE H&S PATTERN)
Ethereum (ETH/USD) remained on the defensive early in the Asian session as the pair continued to orbit the 4250 level after establishing a series of lower highs following its recent new all-time high around the 4461.96 area. Stops were recently elected below the 4175.51 area during the pullback, representing the 50% retracement of the recent appreciating range from 3889.05 to 4461.96. ETH/USD finished October with monthly gains exceeding 40%, and year-to-date gains exceeding 475%. If ETH/USD regains a bid, some upside retracement levels include the 4408.87 and 4413.82 areas.
Additional upside price objectives include the 4491.60, 4504.01, 4523.05, 4633.03, 4793.70, 4895.12, 5035.94, 5060.87, and 5268.46 areas. Following the recent appreciation, downside price retracement levels and areas of potential technical support include the 4025, 3818, 3762, 3550, 3428, 3338, 3113, 3075, and 3035 levels. Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly).
Price activity is nearest the 50-bar MA (4-hourly) at 4201.38 and the 200-bar MA (Hourly) at 4202.50.
Technical Support is expected around 3515.25/ 3375.24/ 3235.23 with Stops expected below.
Technical Resistance is expected around 4518.94/ 4633.03/ 4793.70 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
ETH pretty much GOOD, LONG & SHORT!I am just a beginner so please any pros, if you have any advice can you please give me whatever you would like to part with knowledge wise, I am all-ears, please. I believe in ETH, and I believe they will at least capture 2% of the total market share which I believe puts the stock price at $20,000 or more. If the video I watched done by world renowned economist blank, blank....can't remember his name but that is how he explained it. This was also a man who first came out as a champion for BIT and downed ETH, since he has changed his tune with all of the things that have transpired since...that video sold me but I was almost all the way there anyway. I am just gonna need some help and that is scary in the world today because I don't feel like I have a lot of faith in a good portion of my own population, let alone a country I know nothing about. Not to say trust can't be earned and anything can be worked out over time.
If anyone is wondering why I put this up again, it was because I tried to delete my other post on this and it accidentally deleted this one, this chart explains better what I feel about the future of ETH.
ETH/USDTB 4HOUR UPDATEWelcome to this quick ETH/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
ETH/USDT analysis is head and shoulder and after Trend and break and inverse head and shoulder 100MA bounce and bullish signal and 100MA break after ETH/USDT is bearish
Sorry for my English it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
THANK YOU...
ETHUSDT , We are in buy zone ...Hello guys
According to our previous analysis , the market moved exactly to our way
At this time from the past we are in upward channel and we are near the base trendline and we need to take signal and watch carefully to take signal and take position and buy
Maybe it can break the base of trendline like BTCUSDT chart that we published but its not have high chance for it
Previous analysis :
Dont forget use stop loss and attention to money management
Be with us and sleep comfortably
Good Luck
Abtin
ETH/USD LONG SET UP TO NEW ALL TIME HIGHEthereum (ETH/USD) expanded its recent upside range early in the Asian session as the pair exhibited improving technical sentiment following the break of a recent relative high around the 4030.35 level. Stops were elected above some upside price objectives during the climb higher including the 4003.24 and 4151.87 areas, levels related to buying pressure that recently emerged around the 3373.45 level. Additional upside price objectives include the 4318, 4335, 4490, 4504, 4523, 4793, and 4893 levels.
Following the recent appreciation, downside price retracement levels and areas of potential technical support include the 3688, 3515, 3375, 3235, 3082, and 3035 levels. Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly).
Price activity is nearest the 50-bar MA (4-hourly) at 3794.86 and the 50-bar MA (Hourly) at 3908.54.
Technical Support is expected around 4000/ 3800/ 3700/ 3515.25/ 3375.24/ 3235.23 with Stops expected below.
Technical Resistance is expected around 4384.43/ 4518.94/ 4633.03/ 4840/ 5000 with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
What is the next station for ETHEREUM?
The given illustration shows data about a potential climb. If bitcoin breaks the MA200 strongly and keep rising, I expect that Ethereum will reach to 4200 level. So, first of all we need to pay attention BTC movement. If it happens and you are a mid-term trader, I suggest you take profits at the 4200 Ethereum level.If you are waiting to enter the best position, please do not panic and wait for TP1:2113.72 & TP2:1945.03 to enter.
NOT FINANCIAL ADVISE
GOOD LUCK.
ETHUSDT , Its moving as same as ...Hello everybody
I hope everyone is in profit
In here we have a upward channel like BTC that we published it and exactly happend and we expect that ETH is moving like BTC movement
Until the price is in this channel we expect the market is rising the price and moving toward the TP
You can buy in here or you can check again the area for taking signal then take in position
Bitcoin analysis :
Dont forget stop loss
Be with us and sleep comfortably
Good Luck
Abtin
Ethereum rally for ATH again?In this chart, there is a bearish pattern that breaks out soon. But there is a strong resistance zone which is a 4K resistance wall. Also during this bearish trend, there is a clear bullish pattern, most of the time that pattern breaks out the support line (That means the price will go down for beginners). If the price falls from 4k there is a very strong 3k support line. Let's wait for what happens.
Just an idea, not financial advice.
My ETH/USD Plan - Short Now, Long LaterWe are currently rolling over after hitting the neckline of this inverse head and shoulders. We will create the right shoulder and reverse to the upside when price hits the macro 0.618 which is perfectly confluent with the 0.5 level of the inverse head & shoulders. Any proper inverse head and shoulders should never pass the 0.5 line with the shoulders and the macro 0.618 reinforces the heavy support in that area along with the lower trendline. I'm currently short from the 0.786 line (marked in red) and I will take profits and enter a long at the yellow line. I'm expecting a mirror image from the other side, so the right shoulder should look something like a W/double bottom.