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Ethusdshort

#ETHUSDT Looks ready for another rally after the retest!!Welcome to this quick Update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. ETHUSDT Looks promosing here, Broke out of the channel . I personally accumulated ETH around $2900 and holding on low leverage. I expect some retracement here $3045 to $3185 and then continuation. Upper resistance levels are:- $3333 $3325 $3615 $3900 IF ETH IS ABLE TO BREAK THE 4K AREA AGAIN, IT'S HIGHLY LIKELY WE WILL SEE A NEW ATH!! What's your thought on this? Do you think this correction is over? Do you think ETH could easily pump from here? Do hit the like button if you like this update and share your views in the comment section. Thank you #PEACE


Long
by Cryptorphic
11
Ethereum Price Remains Drab Under $3,000 Risking Major Dip Ethereum aggressively fights to step above $3,000 a cloud of doubt reigns at its ability to overcome congestion at $3,200. A dwindling on-chain activity is a bearish sign for Ethereum, implying that bulls may not have the power to sustain an uptrend. Ethereum bulls have been pushing for action above $3,000, but all attempts made toward $3,200 have resulted in futility. The flagship smart contracts cryptocurrency token had retreated to a September low of $2,650 more than a week, but collectively, little progress has been made since then. Meanwhile, some selected altcoins seem to be ignoring the mundane price action across the crypto market. Binance Coin leads the recovery in the top ten with an 11.6% gain over the last 24 hours, with Avalanche coming second with a 6.1% upswing. The market is mixed red and green across the board, whereby bulls will likely emerge intraday winners throughout the trading on Thursday. Ethereum Could Fallback Before Heading For A Significant Swing To $4,000 The gigantic smart contract token is experiencing a lot of trouble gaining traction above $3,000. Although the short-term technical outlook appears ripe for a breakout above this level, it is not guaranteed that Ether will make it past $3,200 and sustain an uptrend at least to the supply zone in red around $3,600. According to the 12-hour chart, Ethereum is locked within the confines of a descending parallel channel. Its key downside is supported by the 200 Simple Moving Average (SMA), which rests in the demand zone highlighted in green. The channels’ middle boundary also contributes to securing this anchor zone. A break above the upper boundary would boost Ether above the $3,000, but the token needs to push past $3,200 to affirm the uptrend to $3,600. However, the 50 SMA has recently crossed below the 100 SMA; an index considered bearish despite not being as strong as a death cross pattern. The last time this technical outlook occurred was on June 4, and Ether subsequently dropped by 41%. Hence the magnitude of its effect on the price cannot be overemphasized. Meanwhile, Ethereum’s on-chain activity has been dwindling over the last 30 days, and this is taking a toll on the price performance. Data by Santiment shows the network growth at roughly 80,000 new addresses per day, down from a 30-day high of nearly 110,000. Suppose this metric continues to drop in the coming days, investors should anticipate a difficult recovery phase and perhaps the possibility of Ether sinking to $2,400, where it is likely to be attractive to more bulls. Ethereum Key Intraday Levels Spot rate: Trend: Short-term bullish bias Volatility: Low Support: The 200 SMA and $2,650 Resistance: $3,200 and $3,600
COINBASE:ETHUSDShort
by CoinGape
1
Ethereum is holding his trendline.. for now!Good Morning friends :) Today we take a look at ETHUSD. The current formation is verry critical. Bitcoin is in a verry dangerous position too right now and if we lose our trendlines, we could see some nasty dumbs in the market. I safe my profit for now, until we build a higher high. Fundamentally Ethereum is verry strong right now. the whole NFT thing is all around the internet right now. But if everybody is making money with something the bubble is about to pop. Remember the time BTC hits new ath and everybody is fomo in it. From time to time, the rich people take profit and buy low again. Always have the liquidty to do so. Have a nice day :) See you in the next one
COINBASE:ETHUSDShort
by wallet_trading
ETH. The bear planGreetings traders! After the big dump, unraveling the correction has been a challenge however I feel it has made a case for completion! If we are going to move in a full blown C wave as per the larger bearish count, then we can expect 5 waves down seeking the larger 3rd wave of the big C correction. The length of the next move is critical and could take us to some very uncomfortable levels. This usually means it's the best time to buy! Get yourself mentally prepared and hold on tight! Good luck!
COINBASE:ETHUSDShort
by east-west_trading
ETH/USD - For Elliott heads - great oppotunity !! PART IIIHello trader, Nice week and profitable deals 💲 We have 3 different Counts for wave 5: green Count - 60 % probability red Count - 30% probability blue Count - 10 % probability PART I ETH/USD longshortswitch - great opportunity !! PART II ETH/USD - The father of Alts - - great opportunity !! PART II I would like to mention that all I post are just options and my own opinion! Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade. If you have any questions, let me know ➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️ Thanks for reading my ideas, Trade save !!
BITSTAMP:ETHUSDShort
by TR7z
9
ETH/USD - The father of Alts - - great opportunity !! PART IIHello trader, Nice week and profitable deals 💲 NEW Waves and Fibos have been adjusted! Altcoins performance out, but it's only a matter of time before BTC dumps the entire market. I expect a tough correction . I would like to mention that all I post are just options and my own opinion! Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade. If you give me a few likes I will go into BTC.D and OTHERS.D later !! 🤑 I would be very happy about TV coins 🤑 if you always make good profits with me !! ➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️ Thanks for reading my ideas, Trade save !!
KRAKEN:ETHUSDShort
by TR7z
4
Another dump for ETHUSD or straight up from here? Crypto has been mega bullish lately and the king of altcoins holds its price as other L1 and L2 competitors find astronomical gains in this bull market. From a technical perspective ETHUSD may need another push down to wipe out overzealous longs before it is able to push up to test the all time highs. BULL CASE If the bulls find conviction, we think the 4500 levels will be tested and blown through before downward correction to retest it. BEAR CASE It might not be economically optimal for market makers to push price up from here. After all their job is not to make everyone rich. We think a correction down to 2920 may be in the plays to liquidate traders before price can find conviction to the upside.
BITSTAMP:ETHUSDLong
by IkanBilisCapital
7