Ethlong
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) slipped to a one-week low in today’s session, as traders attempted to find a point of support.
Following a high of 2,005.44 on Wednesday, ETH/USD dropped to a bottom at 1,928.58 earlier in the day.
As a result of this drop, ethereum fell to its weakest point since April 13, a day which saw ETH hover marginally above 1,900.
At the time of writing, ETH has rebounded, which appears to be due to its RSI bouncing from a floor at 52.00.
Ethereum is currently trading at 1,945.58, with the index at the 54.54 level, below an upcoming ceiling of 58.00.
If bulls were to take price strength to, or above, 58.00, there is a good chance that ETH will be back over the 2,000 level.
I have tried to bring the best possible outcome to this chart.
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ETH - Who Wins This Battle? 🗡️What's up traders! In today's breakdown, we're taking a look at our favorite #2 crypto in Ethereum.
Let's dive right in...
Ticker: ETHUSD
Date: 04/19/23
Timeframe: 1H
Supply: 2044-2068 (1st red zone), 2116-2148 (2nd red zone)
Demand: 1924-1946 (1st green zone), 1826-1860 (2nd green zone)
Commentary:
Ethereum has created a big gap between these demand and supply levels. With Ethereum now pulled back down, this creates an opportunity for a healthier move upwards if we are to continue this rally.
We have just held demand at ~1920 earlier this morning and are attempting to hold it again. This level is a previous double top from a couple weeks and a week ago so it is an important level to look out for. We should not be shorting Ethereum until this level is broken to the downside.
With that being said, volume is currently accumulating on the downside so a break and retest of this level for further downside could well be a good play.
✅ Bullish Scenario 1: you want to see price hold this ~1920 demand, find strength to move upwards and possibly give us a retest of this demand zone for a possible move back into supply around 2050. This will be the safer upside play.
✅ Bullish Scenario 2: you want to see price hold this ~1920 demand, find strength, have volume build up to break the supply zone around ~2050, and then retest the ~2050 zone to possibly move into last week's high around ~2130.
🟥 Bearish Scenario 1: you want to see price break this ~1920 demand, retest, find weakness again and possibly move into last week's lows around ~1860.
🟥 Bearish Scenario 2: you want to see price find weakness again at ~2050 supply zone after holding this ~1920 demand for a move back into the ~1920 demand zone.
Beacon chain ETH pledge APR (annual return rate) has reached 6.4The current Beacon Chain ETH pledge APR (annual return rate) has reached 6.44%, a record high. The current number of ETH pledges is about 17,915,419, which is close to 35 billion US dollars based on the current price, and the number of validators is 561,655.
MetaMask Institutional Solutions MMI MetaMask Institutional Solutions MMI (MetaMask Institutional) released its Q1 2023 review with new features including a portfolio dashboard, account bundling for NFT view, authentication and login, Institutional Staking marketplace, and more.
In terms of data, the MMI extension has an eight-week user retention rate of over 65%, a metric the team is closely monitoring. Assets deployed on the chain using MMI (AUD) increased by 89.17%. At the same time, the MMI team expects annual revenue to grow by 25.87%.
Looking ahead to the next quarter, officials say they will continue to iterate and improve all aspects of MMI, and plan to make a major announcement in Q2
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was back above the 2,100 level in today’s session, as the token remains near an eleven-month high.
Following a low of 2,057.65 to start the week, ETH/USD raced to an intraday high of 2,109.58 earlier in the day.
Today’s peak is marginally lower than Sunday’s high of 2,142, which is the strongest point that ethereum has hit since last May.
this rebound took place as the RSI jumped from its own support point at 68.00.
As of writing, the index is now at the 70.24 mark, with a resistance point of 75.00 a possible destination.
Should it hit the mark, there is a good chance that ethereum could move over 2,200.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Ethereum 2 Day TFWhile Ethereum has shown some bullish momentum in the past, my technical analysis suggests that a downward swing may be in the cards. However, once the price of Ethereum reaches my selling zone, I will be on the lookout for any signs of a potential reversal, as this could indicate a prime buying opportunity.
In short, I am closely monitoring the price of Ethereum and will be waiting for the market to reach my area of interest before making any trading decisions.
Ethereum to break from a flag?Ethereum - 24h expiry - We look to Buy a break of 2151 (stop at 2096)
There is no clear indication that the upward move is coming to an end.
Our short term bias remains positive.
A break of the recent high at 2146 should result in a further move higher.
We look for gains to be extended today.
Our outlook is bullish.
Our profit targets will be 2281 and 2301
Resistance: 2100 / 2146 / 2150
Support: 2080 / 2043 / 2000
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ETH beginning to show potentialCurrently we are seing BTC dominance fall to a neutral trend territory:
What does this mean for alts?
When the market goes up and BTC dominance begins to weaken, that is often a sign that alts will begin to outperform for a period.
We could see alt dominance bounce up to 11% before we see a recession and everything goes down again (maybe)
Outlook on ETH
I see ETH hitting the target (2492) if we don't see a major weakness in the market caused by external factors
ETH soon below 3kAgain, if we skip any thoughts of summer and a big drop to 800 USD per ETH, then we can look forward to a price around 2800 USD soon, then summer may come and the price of mine will drop, or we will skip it towards 9500 USD per ETH, let us be surprised , don't take any of my predictions seriously without your own TA and most of all enjoy your head with SL. I wish you safe trading.
I can always be 99% wrong, the wave is there for fun, we will have a massacre of manipulation, artificial volume, etc... it will be fun as always
Eth buying setup its might be a risky one i am not that much shore the price will come to our entry point but i am worried due Eth upgrade. the investors are getting there EThs it might create some fear in those investors heart when the see Eth price down by 3 percent so may be in FOMO they start selling and we may see a massive dump and we will hit our stop loss. that's why stop loss should be used at such kind of trades
etherum time zone The live Ethereum price today is HKEX:2 102,32 USD with a 24-hour trading volume of HKEX:10 668 026 808 USD. We update our ETH to USD price in real-time. Ethereum is down ,14% in the last 24 hours. The current CoinMarketCap ranking is #2, with a live market cap of HKEX:252 509 096 548 USD. It has a circulating supply of 120 109 686 ETH coins and the max. supply is not available.
If you would like to know where to buy Ethereum at the current rate, the top cryptocurrency exchanges for trading in Ethereum stock are currently Binance, OKX, Deepcoin, Bybit, and CoinW. You can find others listed on our crypto exchanges page.
Ethereum -> This Is ItHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Ethereum is actually breaking above a major previous weekly structure area exactly at the psychological HKEX:2000 area.
You can also see that weekly market structure is massively bullish, in my opinion the bottom of the bear market was already created so I am now just waiting for a retest of the previous HKEX:2000 resistance and then I simply do expect more continuation towards the upside.
On the daily timeframe you can see that Ethereum is up about 10% just the past two days, so I am also on the daily now just waiting for a retest of the previous HKEX:2000 resistance which is then turned support and then I also do expect more continuation towards the upside from a daily perspective.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) continued to climb higher as the price climbed above 2100 following its recent Shepela update.
After a low of 1,987.05 on Thursday, ETH/USD rose to a high of 2,126.32 in today's session.
As a result of today's increase in price, the world's second-largest cryptocurrency has reached its highest level since last May.
The latest rally came when the bulls broke the key resistance level of 2,030, with the RSI crossing its own hurdle at the 72.00 mark.
Like BTC, ETH's RSI is also overbought, with the index reading 75.29 at the time of writing.
A higher range at 80.00 now awaits the current uptrend in the market.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
4h/1d/1w ETHUSD - Room to run? (less TA, more narrative)TL;DR? Skip to the conclusion
Intro: I’m brand new to TA, so bear with me everyone. In this article, I’m trying to flesh out where ETH moves from here, as it is in the process of breaking out of major resistance zone(s). General consensus seems to be ~2300 for the next “major” resistance. History often tends to repeat itself (or at least rhyme) — 2 years ago, ETH (and BTC) experienced comparable January - April breakouts before ETH went ballistic in the second half of the month. A similar move seems possible now. Things have changed a lot over the past few years, following the implementation of EIP 1559 (which implemented the current “Burn” mechanism that manages the ETH supply, which was approved by the core devs in Q1 of 2021 and successfully implemented in the London hard fork on August 5, 2021). For those who care deeply about tokenomics (as you should), it’s worth noting that ETH has been deflationary for some time now. Vitalik identified 121Million as the likely peak of ETH supply some time back, and that has held true. I’m writing this post within a few days of the final major technical challenge the Ethereum network faced, enabling POS withdrawals with the Shapella hard fork (which was correctly identified as a 'buy the news' event, given the predominance of liquid staking derivatives and that the average cost of staked ETH is around 1940-2000).
(4H: green dashed lines) : ETH had been trading inside an ascending channel on the 4 hour chart since November 9 — however, it broke through that channel with a decisive break above 1940-2000 yesterday, April 13. For the past 12+ hours, it has been consolidating above 2100. So, time for a new channel with a longer time frame, right?
(1D - yellow dotted lines) : Zooming out, ETH broke above the upper Bollinger Band ($1350+) around July 15-17, then retraced to ~1430 around August 28, had a dead-cat bounce over the first half of September. The trend that formed over the second half of September and throughout October formed the resistance line of the upper channel on the 4H chart, which seems like a natural place to draw the lower support of a new channel on the daily chart. The upper channel can be drawn from the initial breakout above the upper Bollinger Band (around July 15-17), which places resistance at the current price levels. I used the same trend lines, starting at other local tops from Q3 of 2022, as possible higher bounds of a channel we would enter if we do maintain support above 2100 USD.
In the short term: If the price maintains support at its current levels, we can confirm the breakout from the 4 hour ascending channel, which would suggest a continued push to 2300-2350 (or even as high as ~2750 as the next significant resistance level(s). However, if the price drops below 2100, then a further fall to support in the 1900-2000 range seems likely.
(1W - intermediate- to long-term “megaphone” projection) :
This is where things get … weird. However, for all of the reasons above, I do not expect a significant retrace below $1940. How high can ETH go over the next few weeks to months? For this, I simply drew a megaphone projection line from the first week of January in 2021 up through the peak in May 2021. which captured the local bottom in July 2021, and copy/pasted it to 2023. ETH’s price is very close to where it was at this time in April of 2021, and the ETH/BTC ratio is starting to climb, much as it did when BTC hit its local top around April 15 of 2021, while ETH went bonkers for the next few weeks.
Could something similar happen now? If ETH blows through the resistance levels I’ve identified, as well as the psychological resistance level of $3000, over the next few weeks, a further climb up to ~$4000 seems possible. However, given that POS deposits were just enabled back in Q4 2020, and liquid staking derivatives had not yet been developed, the liquid supply of ETH was far lower in April-May of 2021 than it is now.
Conclusion:
At the time of publishing, ETH is flirting with the 2100 support, having just dropped below it and is trading in the $2090s. If it loses this support and drops below 2090, a drop to approximately 1940-2000 seems likely. However, if it holds through the weekend, then a further run up to approximately 2300-2700 seems imminent, and breaking through $3000 over the next month or so seems well within the realm of possibility. This would all closely mirror ETH’s price movements from 2 years ago. Due to increased liquidity in the ETH supply, I do not expect the price to move as dramatically as as it did in 2021 — but, if the unlocking of staked ETH continues to go off without a hitch, it is also possible that “the institutions are coming” and demand for ultrasound.money (reference for ETH burn since EIP-1559 went live) will outpace any profit-taking that might happen during a continued bull market.
SasanSeifi 💁♂️ETH USDT 1W 1937? 2037? let's see..! HI Everyone✌As you can see, by examining #ETH The price faced buying pressure from the 1200 range and was able to grow up to the 1740 range, and after the price fluctuation, it corrected to the FVG range and by filling the FVG range, it grew again from the $1370 range.
It is currently trading in the range of 1759.
Scenarios that we can expect in the weekly long-term time frame. The possibility of price growth after VOLUME collection from the range of 1700. Otherwise, according to the created FVG, the price may grow again by filling the FVG from the range of $1675 and $1600.
WE have to see how the price will react to the specified support ranges.
Targets are in the range of $1937 and $2030.
Keep in mind that if the weekly time frame candle closes below the $1500 range, we may see further corrections.
❎ (DYOR)...⚠⚜
WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌
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