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Ethusdlong

ETH next move (short term)I know it is early, and I just gave an update yesterday. But bullish markets in crypto moves really fast. ETH is gonna have another last push up before retrace. The 4 hours is entering the oversold zone again, and the price has held beautifully. Please have a look at the res and supp drawn in the chart. I will buy either on the resistance break or on the 2880 supp (position entry 2900 - 2800). This is a quick trade that I will do with my spot money (active wallet) with a stop loss of around 2740. Check if that suits your strategy. 35000 is my target. Everything will be readjusted as we get along. This is a short term move. I just thought to share it to show you how things change quickly and how you need to act fast if you are an active trader. this is educational material, I am laying out my play here for you to understand. always do your own research and stick to your strategies. trading is risky. follow me if you like my content and comment if you like.
COINBASE:ETHUSDLong
by CFcryptoTA
2
ETH updateSo, so so. If you were following me I call 3100 when we were at 1800...watch my old charts. that is nearly 100% profit in 2 weeks. Now as I said before, I believe we are due for a retracement. ETH like BTC is getting extremely overbought. I have unlocked some of the profit 30-40% and I am letting the rest of the bags running (long term holdings). What do I see for eth... I see it retrace to at least 2600 - 2500 with a possibility of a climax to 2350 - 2400 (if these levels kick in, I will buy aggressively). ETH may have some steam left, maybe a bit but I am not willing to risk it as it is too overheated, we may touch 3200- 3300 before retrace, but the odds in my eyes are more in favour of 2500 right now. I am eyeing as a target 10 k and ultimately 20k, this one was just the first wave of a new primary bull market. The reversal came with a perfect double bottom reversal, the target for the pattern is 3100 which we just hit. However, indicators are overbought and we are starting to draw some bearish divergences on smaller time frames. I am waiting for a bearish candle formation for a confirmation of the pullback. I believe this pullback will come as a shock as people are overconfident right now. Also just remember to not blindly follow the idea of different people as you should have your own strategy. Each of us has strategies in play. (e.g. I took off some profit from the table but I still have the majority of my position running 70% as I am bullish long term). Also always do a distinction between your portfolio: Long term holdings and spot wallet (play money wallet, active). I will update when I see the confirmation. Please feel free to comment, follow me and have some nice discussion. We are here all to learn, TA deals with probability so let's make the best out of it.
BITSTAMP:ETHUSD
by CFcryptoTA
1
#ETH is still heading for 5k USD - Retesting Golden Pocket#Eth as we have previously discussed in other posted has reclaimed the golden pocket fibs and currently retesting 0.38 FIB. Entry - current price range Exit - $5k USD Stop - $1980 Let's see if eth can continue to push and hold this range on the 0.38 FIB Eth is enjoying a strong breakout from the falling wedge it formed. Adding confluence to be bullish is the reclaim of the golden pocket fibs. Eth is showing good signs of momentum and trading above the middle band of the Daily RSI All the info you need for your trade is on the chart! #ETH #CRYPTO #420Investments
Long
by Moonseekers
2
Ethereum London Fork Blasts ETH To $2,700 As $3,000 Beckons The clock is ticking for the much-awaited Ethereum London hard fork set to go live on August 5. Investors positioned themselves for the upgrade and expected rally pushing Ethereum above $2,700. A break above $2,800 could trigger massive buy orders amid investor anticipation for gains above $3,000. Ethereum price broke away from its peers and made an impressive run from $2,400 to levels above $2,700. The bullish leg came close to trading at $2,800, but a minor correction interfered with the bulls’ mission. At the time of writing, Ethereum trades around $2,700 while bulls put a fierce fight for gains heading to $3,000. Most short-term technical indicators have flipped bullish, implying that buyers have the upper hand. The latest upswing from $2,400 is believed to have resulted from investors positioning themselves ahead of the revolutionary London hard fork upgrade. Ethereum London Hard Fork Will Go Live On August 5 According to ethernodes, the much-anticipated London hard fork is just eight hours away. It is supposed to occur on block 12,965,000. Node operators on the Ethereum blockchain have been getting ready for the upgrade, and ethernodes confirms that 75% are ready. The Ethereum London Hard Fork is crucial mainly for implementing EIP-1559, one of the five proposals the upgrade would bring to the network. EIP-1559 aims at reducing gas fees that have been highly exorbitant to function on a base fee mechanism. Users will no longer need to pay more to prioritize their transactions. In addition to that, the fee collected would be sent to a non-recoverable wallet, where it is burned. Ethereum Price Rally Takes Breather Following the uptick to areas close to $2,800, Ethereum retreated to $2,700. Buyers are mainly focused on pulling Ethereum above $2,800. Perhaps at this level, massive buy orders would be triggered to support price action beyond $3,000. Realize that the Moving Average Convergence Divergence (MACD) indicator has a bullish impulse. Ether has sustained this call to buy since July 20, but the uptrend was confirmed with the MACD crossing above the mean line. As long as this indicator continues with the upward movement within the positive region, bulls will have the upper hand. Buyers should also establish higher support, preferably at $2,700, which will allow them to comfortably execute the mission toward $3,000. Ethereum Intraday Levels Spot rate: $2.711 Trend: Bullish Volatility: Growing Support: 2,700 and $2,400 Resistance: $2,800 and $3,000
COINBASE:ETHUSDLong
by CoinGape
3
Ethereum Price Leaps To $2,600 Ahead Of The London Hard Fork Ethereum price gains traction during the weekend, trading above $2,600. The much-awaited Ethereum London hard fork upgrade is expected to kick off on August 4. Ethereum must settle above $2,600 to avert a potential retreat to $2,400. Ethereum price gained abandoned the bearish calls to $2,000 late last week and posted incredible gains over the weekend. The pioneer smart contract token had initially been capped under $2,400. However, its downside had also been protected by an ascending channel’s lower boundary. This line of support put Ethereum in the trajectory for gains above $2,400. The bullish leg extended above $2,600 and briefly touched $2,700 on some exchanges like Coinbase. A minor correction came into play with Ethereum slicing under the ascending channel’s middle boundary. At the time of writing, Ether is trading at $2,560 amid a renewed effort by the bulls to fight for another take on the seller congestion at $2,600 and $2,700. Ethereum Price Upswing to $3,000 Seems Imminent It is the bulls’ priority to establish higher support for Ethereum as soon as possible. Perhaps holding above $2,500 will keep the focus on $2,600 and $2,700, respectively. Note that another break past $2,600 may trigger more buy orders as Ethereum soars to $2,700 before making hast toward $3,000. From a fundamental perspective, Ethereum is at an optimum point to rally. Investor sentiment keeps improving ahead of the Ethereum London hard fork. This key upgrade encompasses the EIP-1559, a proposal that will see network gas fees significantly brought down. In a way, the prevailing exploitative gas fees have made Ether less competitive. However, with the barrier out of the way, Ethereum can rise to higher levels. On the flip side, holding above $2,500 is crucial for continuing the uptrend to $3,000. However, if broken, bears will gain momentum and push the price to $$2,400. Massive losses will be triggered if sellers surmount the bulls’ at this level. Other support areas to keep in mind include $2,200 and $2,000. Ethereum Intraday Price Levels Spot rate: $2,560 Trend: Bullish Volatility: High Support: $2,500, 2,400 Resistance: $2,600 and $2,800
COINBASE:ETHUSDLong
by CoinGape
1