Trade setup : After getting rejected 3x at $2,400 resistance, ETH finally had a bullish breakout from Sideways Channel ($2,150 - $2,400), which signals resumption of uptrend, with upside to $2,750 next. Price has now pulled back to retest that breakout level. Stop Loss (SL) at $2,270 (5% below breakout level). ETH is likely to benefit from upcoming launch (May...
Trade setup : After getting rejected 3x at $2,400 resistance, ETH finally had a bullish breakout from Sideways Channel ($2,150 - $2,400), which signals resumption of uptrend, with upside to $2,750 next. Stop Loss (SL) at $2,270 (5% below breakout level). ETH is likely to benefit from upcoming launch (May 2024) of Ethereum Spot ETF. Which related altcoins will...
Trade setup : Following a bullish breakout from Ascending Triangle pattern, above $2,150 key level, price has reached our target of $2,400 resistance. Now we wait for price to either 1) break above $2,400 to signal continuation of uptrend, with upside to $2,750 next, or 2) pull back near $2,150 support for a swing trade entry in Uptrend with upside potential back...
Ethereum (ETH) technical analysis: Trade setup : Bullish breakout from Falling Wedge pattern, above $1,600, which could signal that buyers have absorbed all the supply from sellers and price is ready to resume an uptrend. Upside potential to $1,800 horizontal resistance zone, which also lines up with 200-day moving average, making this a stiff resistance...
Ethereum (ETH) technical analysis: Trade setup : Bullish breakout from Falling Wedge pattern , above $1,600, which could signal that buyers have absorbed all the supply from sellers and price is ready to resume an uptrend. Upside potential to $1,800 horizontal resistance zone, which also lines up with 200-day moving average, making this a stiff resistance...
Ethereum (ETH) technical analysis: Trade setup : Trading in a Falling Wedge pattern. We wait for a breakout, ideally above $1,600, that would signal that buyers have absorbed all the supply from sellers and price is ready to resume an uptrend. Recently, following a bearish breakout from Rising Wedge pattern, price also broke below $1,800 key level and 200-day...
Ethereum (ETH) technical analysis: Trade setup : After a bearish breakout from Rising Wedge pattern, price also broke below $1,800 support area and 200-day Moving Average. Now, price is getting oversold (RSI < 30) and approaching support of $1,500, which could be a swing trade entry area, albeit a riskier trade setup since overall trend is down. Trend :...
Ethereum (ETH) technical analysis: Trade setup : After a bearish breakout from Rising Wedge pattern, price also broke below $1,800 support area and 200-day Moving Average. Now, price is again near support of $1,625, which could be a swing trade entry area, albeit a riskier trade setup since overall trend is down. Momentum turned bullish again (MACD crossover)...
Ethereum (ETH) technical analysis: Trade setup : After a bearish breakout from Rising Wedge pattern, price also broke below $1,800 support area and 200-day Moving Average. Then, price got very oversold (RSI ~ 22) near support of $1,625 and bounced up. Momentum turned bullish again (MACD crossover) and price could revisit $1,800 resistance area. If it breaks...
Ethereum (ETH) technical analysis: Trade setup : After a bearish breakout from Rising Wedge pattern, price could revisit $1,800 support area before resuming its uptrend. That level is at a cross section of a horizontal support ($1,800), Dynamic Support trendline (blue line in chart), and 200-day Moving Average. Trend : Neutral on Short-Term basis, Uptrend on...
Ethereum (ETH) technical analysis: Trade setup : Price remains in an Uptrend. Recently it had a bearish breakout from Descending Triangle pattern, dipped but rebounded from 200-day moving average (~$1,630) and a long-term up trendline (blue line in chart), which serves as a support area. Price reached $1,930 resistance where it has gotten rejected so far....
Ethereum (ETH) technical analysis: Trade setup : Price is still in an Uptrend on long-term basis. Recently it had a bearish breakout from Descending Triangle pattern, followed by a break below 1,700 support. It’s now reached 200-day moving average (~$1,630) and a long-term up trendline (blue line in chart), which could serve as support area. Price is also...
Ethereum (ETH) technical analysis: Trade setup : After reaching $2,150 on a sharp run up, price was overbought with RSI > 70 and traders began to take profits, triggering liquidations of leveraged long positions. Now it’s consolidating in a Bullish Flag pattern, which is a continuation pattern, meaning that it typically resolves in a bullish breakout in the...
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (1345). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . Ethereum/TetherUS is in a uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (1345). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . Ethereum/Tether is in a uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1059.2). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . Ethereum/TetherUS ETHUSDT is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a...
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (614). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ETHUSDT is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
Ethereum is clearly in up trend Ethereum might be 490