Ethereumlong
ETHUSD Backwards Falling WedgeEthereum can be seen to be forming a large wedge structure, in which looked at in a reverse fashion a sharp breakout can be seen upon the ending of the 'falling wedge'
This breakout was a 134% increase from its bottom
This bottom is a crucial point in the evolution in price, providing the first bottom for the double bottom structure
I say price must be higher for this backwards falling wedge to exist because a falling wedge like this would only occur if price was in a descending fashion (when looked at backwards)
There is still room for ETHUSD to go way higher
Check out my God Candle idea above
Ethereum God Candle March An idea for ETHUSD , with the previous extension to 4K and then retrace, this creates a massive zone for price to rise
The current March candle is positioned perfectly above the support level (dotted line)
I have reason to believe we will see a big run, for both Bitcoin and Ethereum . This isn't the end of the run.
ETH Dominance Pivot Point0.618 can be seen as a pivot point, prior rejection at this level, even though a bounce was seen at the 50MA
Now price is at the 50MA and above this pivot point level, the dominance is likely going to bounce again (as seen previously) off the 50MA and push Ethereum's dominance higher.
This aligns with my current stance on ETHUSD
Using another indicator ETHUSD Using this indicator called "McDonalds" We can see how ETH has touched for the second time along this curved "parabolic" trend
It is a nice buy signal.
Points labelled 1,2 are comparable points to what we are seeing now except on a much larger scale
Last leg of bull for ETH imo
ETHEREUM BACK TO THE RESISTANCE.Welcome members to this ETH update.
If you had followed my previous ETH update then you have witnessed how perfectly ETH bounce back from the support level. ETH so far is doing great and it is back to the same resistance level. If ETH manages to break this level then we can expect some higher rally towards $3400 or even higher. RSI continues to show some good momentum which is good for ETH.
Now, all we need is a break out from this current resistance.
What do you feel about the current ETH price?
Let me know your ideas in the comments below.
If you are new or viewing my post for the first time then do follow up for more interesting updates.
Thank you.
ETH Ethereum Price TargetAfter ETH hit the support level and bounced from it:
Now I see the $3300 resistance as a possible price target for Ethereum in the war context right now.
People will also consider digital currencies to preserve capital especially in Russia, where the national currency is at all time low against the US dollar.
In case of a sell-off, the 1800-2200 area is a buy opportunity in my opinion.
ETHEREUM Long TermEthereum is moving in the upward channel in the long run and after hitting the bottom of the channel, this level was maintained with the support of buyers.
To continue the uptrend and end the downtrend, the downtrend line in the daily timeframe should be broken and buyers should be able to stabilize the price above the resistance of 3400$.
Short-term holders that have not been purchased before can enter the downtrend after breaking the downtrend line and hold up to the specified resistances or the channel ceiling.
This Analyzing Will be Updated.
👤 AmirHossein
📅 02.08.2022
⚠️ (DYOR)
ETHUSD 2/3/2022 OutlookCurrently I am still hodling ETH
My view on the left side of this chart shows a double bottom along the 50% line of a used indicator.
I have been watching the chart on the right (monthly) for a little bit now and see a preceding small pullback, which "soon" will be followed with a MASSIVE green candle, just completely disregarding this recent dip buy opportunity.
I see ETH going to at least 8 - 10K, perhaps even further.
ETHEREUM LONGS 📉📉📉📉 From a weekly perspective on a long term basis i am LONG on ETHEREUMS as price is in a bullish market strucutre coming back to fill the w1 imbalance and rejects the bullish orderblock on the same timeframe, if price is not closing bearish below 2000 i will look only for LONGS right into w1 imbalance 3600 or ATH's. We are in EXTREME FEAR right now in the crypto market.
What do you think ? Comment below..
ETH finds a long term support !After the last red days, ETH is now on the edge of its Weekly SSB, lost in its Weekly Cloud.
This support, located at $2300, is a solid one and Daily Lagging Span can support prices for a possible bounce.
First target : Daily Tenkan at $2720 .
Beware that Monthly Kijun is currently above prices, it would be nice for ETH to go back above it before the end of the month.
If SSB breaks, a solid lower support is located at $2,200 ; the Monthly Kijun.
Let's look at the evolution !