ETH/USD — Monthly Time Frame OutlookLooking at the monthly time frame and analyzing the 2017 cycle at large, it took 1096 days for Ethereum to reclaim its previous ATH at ~$1400. From here, we saw the historic cycle upwards almost claiming $5000, but falling a bit short.
The top of this cycle with the extension of 1096 days puts Ethereum at reclaiming the previous ATH in late 2024, alike to December 2017 and December 2021. History doesn't repeat itself, but if we were to follow this same structure then we'd see this cycle play out with the Bitcoin halving event in 2024. This year i'm expecting a similar short run-up like that of early 2019, before continued consolidation going into 2024.
There's going to be plenty of trading opportunities and more volume as opposed to 2022 where it was a constant free fall; markets have found themselves, not necessarily bottom on select assets, but ranging near bottom levels.
I mean sure we could go lower, like anything, you must take a look at your risk on your trade. What am I risking by taking the trade vs. what am I risking by not taking the trade? Well I entered at $975 for my long term Ethereum as i'm fairly confident $880 was the bottom on seen in June, and my risk by not taking that trade would be missing out on the double digit % gains from the bounce and the return to the mean in a few years. If I didn't take this trade I would be sitting on the sidelines and waiting, hoping, and shilling doomsday posts on the blue bird app in order for my thesis to play out so I can enter at a lower position. Nobody wants to be proven wrong.
Trading wise, this isn't a trading post, this is moreso a long term outlook, and throughout the year i'll update on some positions of mine. I will definitely keep you updated if we come down and wick lower, but for the most part, the markets are down 80%, this is prime position re-entry zones for the long term.
Daily reminder for your chip stacking: It doesn't matter whether you buy a commodity for $7, $100, or even $1216 when it's trading at $5000.
The markets have for the most part capitulated the 2021 hype cycle lads, and now all we're left with is the hardened crypto veterans who are in this for the long haul. It's going to be a long and slow year for the most part, but at least we'll have more volume to play with.
As always please do your own research, I am not a financial advisor.
Ether
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I hope 💥2023💥 will be one of the best years of your life, and together we can achieve great success.
Ethereum was able to break the uptrend line with a long red candle.
I expect Ethereum will go down at least to the support zone.
Ethereum Analyze ( ETHUSDT ) Timeframe 1H⏰ .
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
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ETH ANALYSIS#ETH is currently holding the double bottom support at the black box area after breaking below to the ascending triangle as well as the rising wedge pattern,if eth loses the current sup [port we might expect more dump in the price and eth can test the blue box support area .
ETH ANALYSIS#ETH UPDATE.
#ETH has already broken below to the rising wedge and currently testing the lower band as the resistance .There re 2 possible moves that could be possible in the upcoming hours but until eth closes above the purple box resistance area longs are risky however shorts are most preferred positions as the chances of eth rejection from current resistance are so high.
ETHEREUM: GOOD MOVE INCOMING!Hello traders, I hope your Christmas was great. I had a great time with my family and friends and it was blessed.
Well, it's time to get back to the market, and here we are with the ETH update. I am gonna use the 8 hours timeframe to analyze the chart.
Currently, ETH is dodging between the support and resistance lines. With the price trying to break above the resistance, I am expecting a 10% to 12% upward move on ETH. The indicators supporting this move are the RSI and the 21 MA. Technically, if ETH manages to hold on to the lower supporting trendline then it is fine but if ETH breaks down below it then we may see some bearish tension.
If you wanna trade on ETH then $1188 to CMP will be a good entry-level. Stop loss will be at $1145 and the target will be 8% to 15%.
Note: Trade at your own risk and if you are confident enough. Do not take it as financial advice.
Thank you for reading. Trade safely.
ETH ANALYSIS#ETH UPDATE.
#ETH is currently trading in rising wedge pattern which is generally a bearish pattern .On losing the lower band support we might see eth again testing the blue box support area once again,keep eyes.
ETH ANALYSIS#ETH UPDATE.
#ETH is currently trading at the resistance area on daily,since eth could not close above the resistance last day we must wait eth to close above the blue box resistance area.On closing above the resistance the next resistance for eth would be pink box area.
Ethereum ETH Price prediction for the end of the yearThis week we have the CPI report and the FED meeting. I expect the stock market to go down and cypto to follow it.
My price target for Ethereum ETH for the end of the year are the following:
ETH/USDT short
Entry Range: $1200 - 1300
Take Profit 1: $1140
Take Profit 2: $1090
Take Profit 3: $1000
Stop Loss: $1395
Etheurem to break to the upside?Ethereum - 14h expiry - We look to Buy a break of 1312 (stop at 1269)
Short term momentum is bullish.
There is no clear indication that the upward move is coming to an end.
A break of the recent high at 1302 should result in a further move higher.
Price action looks to be forming a bullish flag/pennant.
We look for gains to be extended today.
Our profit targets will be 1418 and 1438
Resistance: 1300 / 1330 / 1350
Support: 1280 / 1250 / 1220
Disclaimer – Saxo Bank Group.
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ETH ANALYSIS#ETH UPDATE.
#ETH is currently holding the double bottom support on 4 and 1 day TF and break below this could result in more dump in the price of eth.
ETH ANALYSIS#ETH UPDATE.
#ETH isd currently trading at the blue box daily support and if eth loses the current daily support it is lost likely that eth might test the green box support on daily soon.The next possible move would take 4-6 hours so keep eyes on that,however purple box is the current resistance and eth needs to close above this level for any upside move.
ETH ANALYSIS#ETH UDATE.
#ETH has broken below to the purple box area which was the support and is now acting as the resistance for ETH.ETH is currently holding the daily support at the yellow box area ,if eth loses the current yellow box support and closes below to the yellow box on daily then I do expect more dump in the price of the ETH.
ETH Daily TA BearishETHUSD daily guidance is cautiously bearish. Recommended ratio: 5% ETH, 95% Cash.
*SELL-OFF WATCH. Cryptos and Equities are getting hammered as the effects of tighter monetary policy are starting to materialize in markets and the realization that the Federal Reserve may raise the funds rate beyond their 5.1%-5.2% projected terminal rate is a very real possibility. San Francisco Fed President Daly said today that her inflation projection has gone up and that she thinks we're still far away from the Fed's price stability goal ; this matches Fed Chair Powell's statement, during Wednesday's FOMC press conference, about markets and the economy not having felt the full effects of tightening yet. New York Fed President Williams said today that the still tight labor market may warrant a higher terminal funds rate than the Federal Reserve has projected (>5.1%) . The latest GDPNow US Q4 GDP estimate is 2.8%, down from 3.2% on 12/09 .
All eyes are still on CZ and Binance as he appears to be saying the same things SBF was saying about FTX, about Binance . Srutiny over whether or not Binance is actually solvent is starting to heat up in the midst of a battle of words with Kevin O'Leary (who continues to solidify his appearance as a fraudulent celebrity by defending FTX and SBF) . A class-action lawsuit was filed against Silvergate (a Federal Reserve member bank that supports cryptocurrency firms) for their involvement in transferring funds from FTX to Alameda Research , Silvergate's potential insolvency is a bearish catalyst that has yet to fully materialize in markets so it's important to keep track of this one. Russia continues to shell Ukraine's power grid infrastructure in attempt to push Ukraine into submission as the coldest of the winter months approaches.
DXY, US Long-Term Treasurys, Metals, Agriculture, JPYUSD and HSI are up. Cryptos, US Equities, US Equity Futures, Short-Term US Treasurys, Energy, VIX, CNYUSD, GBPUSD, EURUSD, N100 and NI225 are down.
Key Upcoming Dates: US November New Residential Construction at 830am EST 12/20; US Final Q3 GDP Estimate at 830am EST 12/22; US November PCE Index at 830am EST 12/23; UofM Consumer Sentiment Index at 10am EST 12/23. *
Price is currently trending down at $1196 after being rejected by the upper trendline of the descending channel from November 2021 + the 50MA at ~$1310 as resistance. Volume remains Moderate (High) and is on track to favor sellers for a third consecutive session if it closes today's session in the red; Price is currently breaking down below the VP Point of Control at $1265. Parabolic SAR flips bearish at $1152, this margin is bearish at the moment. RSI is currently trending down at 42 as it approaches a retest of the lower trendline of the Symmetrical Triangle from November 2018 at 38 as support. Stochastic remains bearish and is currently testing 33 support. MACD remains bullish and is currently on the verge of crossing over bearish at -3, if it falls below -3 then it would be a bearish crossover; the next support (minor) is at -46. ADX is currently trending sideways at -21 and is beginning to form a soft trough as Price continue to see selling pressure, this is mildly bearish at the moment.
If Price is able to bounce here then it will likely retest $1270 minor resistance . However, if Price continues to fall here, it will likely retest $1k minor support for the first time since July 2022. Mental Stop Loss: (two consecutive closes above) $1270.
ETHUSD - It is what it is - Still more downside to comeETHUSD looks bearish.
It is what it is . Probably many people would prefer to see higher prices but BTC broke the key support and ETH is lagging behind. It will have to catch up .
Probably some FUD would be a trigger for a dump.
What could it be? Do you have any clue? Feel free to share your FUD ideas in the comment section !
Ethereum Remains Higher Ahead of Fed Rate DecisionHello, welcome to this ETH /USDT 1DAY chart update by @CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Ethereum (ETH) was also trading near a multi-week high in today’s session, as traders geared up for the U.S. Federal Reserve policy meeting.
Many expect the Fed to increase interest rates by 50 basis points, following the better-than-expected inflation report.
ETH/USD hit a high of $1,341.44 on Wednesday, which comes less than 24 hours after trading at a bottom of $1,289.23.
As can be seen from the chart, ethereum remains close to a five-week high, with prices in the green for a third consecutive session.
Like with bitcoin earlier, the RSI is now hovering close to a key resistance level of 59.00, with a current reading of 58.06.
Market pressure could intensify should bulls force a breakout of this hurdle, potentially leading ETH toward $1,400.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Ethereum - lack of volume - volatile FOMC meeting timeEven in case of bullish fakeouts
Assuming good news at FOMC announcement we might see a quick move up for ETH due to lack of volume above dear Crypto Nation
That's the power of volume - be prepared‼️
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Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion