Ethusdtidea
Ethereum -> More Upside PotentialHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe Ethereum just recently broke out of a very clear triangle formation and since then already had a pump of about 30% towards the upside.
We have the next clear resistance area coming in at $2000 so I do expect the market to have a bullish move into the zone before finding short term resistance there.
On the daily timeframe I am just waiting for the market to break above the previous resistance zone which we are currently testing once again, and after the break I definitely think the market will finally retest the $2000 area.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
ETHEREUM: AT THE RESISTANCE.ETH update:
We saw a 16% rally on ETH in the last 2 days, a straight pump from $1464 to $1711. This rally helped the coins under the ETH ecosystem like LRC, RNDR, ENJ, MASK, etc. to gain some bullish momentum. Just like BTC, ETH is also testing the $1700 resistance level. A successful breakout above this resistance will continue to bring a positive move in the market but a rejection on the other hand may create a panic situation.
Keeping an eye on the current market scenario, I am expecting a correction to take place soon in the market.
That's it for now. Thank you for reading and trade safely.
ETHUSDT Wycokoff Accumulation with Elliott Wave dynamicsIf you look at the recent accumulation phase, you can see that we are now in Phase D. Today we had the “test”, where we seen a sudden dump followed by fast pump. This should signal that we are ready to move up. The Elliott Wave was followed almost perfectly. Towards point A there was 1,3,5 impulse and at the time of writing this we completed ABC correction. If all goes well we should be going up to the next C price point.
Note: BTC and Eth are trading almost identical right now.
Ethereum -> The Last Chance For BullsHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
Ethereum just recently broke above a very clear weekly and daily downtrend line and immediately had an agressive pump of about 45% towards the upside, showing that there is definitely some buying pressure in the marekt.
From a weekly timeframe the market then tested previous weekly resistance and already rejected the zone quite nicely towards the downside, so I am now just waiting for bullish price-action before I do expect the continuation towards the upside.
From a daily timeframe we are still sitting at a previous support zone, which is the last support area before the market will make another 10% drop towards the downside so I am now just waiting to see if bulls can actually defend this support zone.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
ETH - Same trend as beforeCOINBASE:ETHUSD
4h time frame
-
ETH did break out the ascending channel we mentioned before.
We can notice a similar trend in Nov 2022, which reached ~1070.
I think we shouldn't go back to the box if this is a healthy correction, the ceiling of box is 1355, which has strong support.
Ethereum ETH price wondering where to go nextThe ETHUSDT price has begun its correction, along with the entire crypto market. But in fact, it has held up better than the BTCUSDT price, and has not yet updated the lows of late January.
By the way, at the beginning of the week, we published a fractal on the BTCUSDT chart, and it is working out quite well.
Now the whole world is waiting for February 14: couples in love to celebrate Valentine's Day, and traders in financial assets to wait for the US CPI to be released.
If the inflation rate is lower than expected, it is very likely that the growth trend will continue.
If the inflation rate is equal to or higher than forecast, financial markets and especially cryptocurrencies will continue to correct downward.
For the ETH price, the ideal correction for continued growth is in the range of $1400-1420
Critical correction to $1340, below that, there could be trouble.
What are your expectations for the further movement of the ETHUSD price? Write in the comments
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
ETH|USD Weekly Trading Insights: Chart Analysis for Long-Term A 1-week chart analysis of Ethereum can provide valuable insights for long-term holders of the cryptocurrency. By examining the price trends, volatility, and volume of Ethereum over the past week, it is possible to make predictions about the future performance of the asset.
For instance, a steady upward trend in the price of Ethereum over the past week, accompanied by high volume, indicates strong investor confidence and market demand, which are positive indicators for long-term price growth. On the other hand, if the chart shows a lot of volatility and price swings, it could signal a lack of market stability, which may cause concern for long-term holders.
Additionally, a 1-week chart analysis can also provide insights into the impact of any major events or news on the price of Ethereum. For example, if there was a significant spike in price following the announcement of a new development project or partnership, this may indicate that the market is excited about the potential of the project, and that long-term holders may benefit from its success.
Furthermore, Ethereum is often considered a leading indicator of the overall crypto market, so analyzing its 1-week chart can also provide insights into the broader market trends. For example, if Ethereum is experiencing a period of growth, this may be an indicator of positive sentiment for the entire cryptocurrency market.
Overall, a 1-week chart analysis can provide valuable information for long-term Ethereum holders to make informed decisions about their investments. By monitoring trends and staying informed about market conditions, they can make more informed decisions about buying, selling, and holding Ethereum.
ETH/USDT :: Update the previous idea .ETH/USDT :::
As it was said, the price reached the ceiling of the channel and turned the resistances in front of it into support. Now it is time for it to return to the ceiling of the channel once again to stabilize {this is possible}, but in general, the position is for the price to rise. It has been created properly .
ETHUSDT 4h ANALYSISHi, friends. Nice to meet you.
Ethereum broke through the important downward trend line on a four-hour basis.
I think we can expect a further rise once the retest begins.
At this time, you need to check tether domination, but please note that tether domination can go down to 7.2 points.
ETHUSDT Elliott Waves Analysis (Local Setup)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and higher
Target: 1130 - 1070 - 1020
after first target reached move ur stop in breakeven
Stop: ~1360 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 3
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.