The entire crypto market moves together so I think it is a bit foolish to single out single coins. Maybe in the future ethereum will start to breakaway from bitcoin's path but it remains to be seen. Eth is one of the best buys right now considering how low it is down from the all time high.
One of the most preferred way of making money in cryptocurrency is to invest in the good coins when they touch the all-time low price. This is a good way to claim profit in long term. Regardless of the bear market, there could be considerable profit in ETH in future if you invest in bulk right now and you can really do that because you have the opportunity to own many ETH for a very low price. 
Topic: ETH Technical Analysis (Read 334 times)
They dont notice it if it will just be a few dollars.
They want like 100 dollars of changes before they will say it was really a bull run.
I still some ETH in my stash and I am still looking forward for ETH to bounce back. Not much of a trader using major coins. Would rather hold them and add some more.
Thanks for the update though.
Ethereum will surely bounce back but basically what I do with most of my crypto currencies is to trade at least 50% of them day trading, so what I do it to use any profit I get from my day trading to invest by buy again when price is deep for a long term investment, so any of the effect all favor me, just that I have not started counting profit based on FIAT that I have since I still use most of my profit to buy more at deep. It is a new week, We still hope to see what the week has in store for us. They want like 100 dollars of changes before they will say it was really a bull run.
I still some ETH in my stash and I am still looking forward for ETH to bounce back. Not much of a trader using major coins. Would rather hold them and add some more.
Thanks for the update though.
Sometimes as a trader, I feel that I still don’t understand the logic behind the upward and downward trend of some of this crypto currencies even with the assistance of technical and fundamental analysis, though using indicators, I didn’t get any hope that ethereum will rise high anytime soon but base on the upgrade and speculation.
I had all hopes in ethereum expecting it to at least start appreciate more than the initial value it was after the upgrade but the way it is now, it seems the price really got wore that it was before the upgrade done recently. We still hope to see what the week has in store for us.
ETH and other altcoin still tied to bitcoin so whenever there is change on bitcoin it also affect ETH that is my opinion. I had all hopes in ethereum expecting it to at least start appreciate more than the initial value it was after the upgrade but the way it is now, it seems the price really got wore that it was before the upgrade done recently. We still hope to see what the week has in store for us.
💊 ETH Update
The current analysis does NOT bring substantial changes compared to the previous analysis. After the breakdown of the SMA 100 the trend has developed a negative trend, and this remains until we have clear signs, currently totally absent.
After testing the SMA 200 and the $123.94 weekly support, there was a physiological technical correction. Even a possible correction up to the monthly support $130.67 should not worry bears; instead, its eventual breakdown would change the scenarios in progress.
The SMA 200 $125 supports (last touched support) and the weekly closing at $123.94 remain at the bottom.
Upcoming important supports:
- $125.23 SMA 200
- the entire area, which ranges from $123.94 to $111.33, is a support area
- $111.90 and then again $ 105.81 are the last major resistances of the whole area affected by the analysis, before a ruinous fall.
Important resistors:
- $ 129.73 weak
- $ 130.67 strong resistance with hypothetical STOP GAIN for a short (increased to protect against spikes)
I keep my Short open and continue with my bearish idea.
The current analysis does NOT bring substantial changes compared to the previous analysis. After the breakdown of the SMA 100 the trend has developed a negative trend, and this remains until we have clear signs, currently totally absent.
After testing the SMA 200 and the $123.94 weekly support, there was a physiological technical correction. Even a possible correction up to the monthly support $130.67 should not worry bears; instead, its eventual breakdown would change the scenarios in progress.
The SMA 200 $125 supports (last touched support) and the weekly closing at $123.94 remain at the bottom.
Upcoming important supports:
- $125.23 SMA 200
- the entire area, which ranges from $123.94 to $111.33, is a support area
- $111.90 and then again $ 105.81 are the last major resistances of the whole area affected by the analysis, before a ruinous fall.
Important resistors:
- $ 129.73 weak
- $ 130.67 strong resistance with hypothetical STOP GAIN for a short (increased to protect against spikes)
I keep my Short open and continue with my bearish idea.
Sometimes as a trader, I feel that I still don’t understand the logic behind the upward and downward trend of some of this crypto currencies even with the assistance of technical and fundamental analysis, though using indicators, I didn’t get any hope that ethereum will rise high anytime soon but base on the upgrade and speculation.
I had all hopes in ethereum expecting it to at least start appreciate more than the initial value it was after the upgrade but the way it is now, it seems the price really got wore that it was before the upgrade done recently. We still hope to see what the week has in store for us.
I had all hopes in ethereum expecting it to at least start appreciate more than the initial value it was after the upgrade but the way it is now, it seems the price really got wore that it was before the upgrade done recently. We still hope to see what the week has in store for us.
ETH Update
Ethereum, after the HardFork occurred regularly a few hours ago, is under an interesting resistance.
The SMA100 has been repeatedly, together with the SMA 50, a directional catalyst.
It is possible to notice how from 10 January 2019 the exchange under the SMA50 first, and the SMA100 shortly thereafter, have negatively affected the trend;
diametrically opposed, from 8 February their overcoming (supports) have generated trust and bearish push up to today's situation.
The term dell'Hype generated dall'HardFork and the technical situation make imagine a continuation of the negative trend, which can be interrupted only by overcoming the two current resistances on moving averages SMA 50 and SMA 100.
https://www.tradingview.com/x/MgFqnkb6/
It is possible to notice how the first spike downwards occurred exactly at the break of the SMA 100 support, immediately recovered but which triggered the bearish movement completed immediately after the execution of the Hard Fork.
https://www.tradingview.com/x/fh624gKm/
Without the movements analyzed, and without an important upward movement of BTC, the short- to medium-term trend of ETH is Bearish.
Ethereum, after the HardFork occurred regularly a few hours ago, is under an interesting resistance.
The SMA100 has been repeatedly, together with the SMA 50, a directional catalyst.
It is possible to notice how from 10 January 2019 the exchange under the SMA50 first, and the SMA100 shortly thereafter, have negatively affected the trend;
diametrically opposed, from 8 February their overcoming (supports) have generated trust and bearish push up to today's situation.
The term dell'Hype generated dall'HardFork and the technical situation make imagine a continuation of the negative trend, which can be interrupted only by overcoming the two current resistances on moving averages SMA 50 and SMA 100.
https://www.tradingview.com/x/MgFqnkb6/
It is possible to notice how the first spike downwards occurred exactly at the break of the SMA 100 support, immediately recovered but which triggered the bearish movement completed immediately after the execution of the Hard Fork.
https://www.tradingview.com/x/fh624gKm/
Without the movements analyzed, and without an important upward movement of BTC, the short- to medium-term trend of ETH is Bearish.
technically we can observe the movement of cryptocurrencies with various indicators, but at present the regulation severely limits the movement of cryptocurrencies because of the very large trading volume.
Bitcoin closed the daily slightly above the support at $ 3693, a slightly positive sign in the short term, and consequently also eth could benefit you.
For BTC the monthly support remains vital to avoid further losses. $3693 In the short-term is a fundamental support, look at him carefully.
For BTC the monthly support remains vital to avoid further losses. $3693 In the short-term is a fundamental support, look at him carefully.
ETH Update
Premise
As highlighted and reiterated in the previous posts, ETH carried out a bearish movement anticipating BTC.
My fears for a possible break of the $130.7 support before, and $129.73 later, were well founded, this triggered that expected bearish movement.
Everything comes out and arises from the breakdown of the SMA 100 on 27 February, and as soon as the fundamental analysis assumptions (fork occurred = finished hype) have ceased, the movement has continued on its way without impediment.
Current situation
At the moment ETH has found support over the SMA 200, we important moving average that has slowed down and stopped the fall.
The 4H RSI is in oversold territory, even if in recovery and not at very low values; while the RSI on the daily indicates the bears still have a large margin of operation. All this could suggest that the downward pressure is not yet over, and that a slight lateralization would bring additional strength to bears.
For people like me it is SHORT there is no urgent need to close, and even a slight recovery could be physiological of the moment. The important thing is to protect yourself with a STOP GAIN to protect the capital (with positive closing) and wait for the situation to evolve in the next few hours.
Upcoming important supports:
- $ 124.95 SMA 200
- the entire area, which ranges from $ 123.94 to $ 111.33, is a support area
- $ 111.90 and then again $ 105.81 are the last major resistances of the whole area affected by the analysis, before a ruinous fall.
Important resistors:
- $ 129.73 weak
- $ 130.67 strong resistance with hypothetical STOP GAIN for a short (increased to protect against spikes)
Keep my Short open, move lower down my STOP GAIN to protect the gain obtained and I am waiting for further confirmation or denial from the next few hours.
Premise
As highlighted and reiterated in the previous posts, ETH carried out a bearish movement anticipating BTC.
My fears for a possible break of the $130.7 support before, and $129.73 later, were well founded, this triggered that expected bearish movement.
Everything comes out and arises from the breakdown of the SMA 100 on 27 February, and as soon as the fundamental analysis assumptions (fork occurred = finished hype) have ceased, the movement has continued on its way without impediment.
Current situation
At the moment ETH has found support over the SMA 200, we important moving average that has slowed down and stopped the fall.
The 4H RSI is in oversold territory, even if in recovery and not at very low values; while the RSI on the daily indicates the bears still have a large margin of operation. All this could suggest that the downward pressure is not yet over, and that a slight lateralization would bring additional strength to bears.
For people like me it is SHORT there is no urgent need to close, and even a slight recovery could be physiological of the moment. The important thing is to protect yourself with a STOP GAIN to protect the capital (with positive closing) and wait for the situation to evolve in the next few hours.
Upcoming important supports:
- $ 124.95 SMA 200
- the entire area, which ranges from $ 123.94 to $ 111.33, is a support area
- $ 111.90 and then again $ 105.81 are the last major resistances of the whole area affected by the analysis, before a ruinous fall.
Important resistors:
- $ 129.73 weak
- $ 130.67 strong resistance with hypothetical STOP GAIN for a short (increased to protect against spikes)
Keep my Short open, move lower down my STOP GAIN to protect the gain obtained and I am waiting for further confirmation or denial from the next few hours.
According to my technical analysis we will see a recovery in a short term. Up to 3%.
publish a chart, otherwise what we talk about
According to my technical analysis we will see a recovery in a short term. Up to 3%.
As the adage says, what goes up must come down, let ethereum keep declining in price, we are here still waiting patiently for the bull run, I think this is the best time I should prepare to buy more. The resistance might be a bit strong now but I know that very soon, we will experience the bullish break and not only Ethereum.
Waiting for the bull run of bitcoin even though it looks like it might go on bearish trend too for a short time.
Waiting for the bull run of bitcoin even though it looks like it might go on bearish trend too for a short time.
I don't think the hardfork may not have much effect on the price of eth since it was a hardfork that would just bring an upgrade to the platform and not create a new coin and currently ETH is trading with down fall of 2.6% in bittrex.
What really affect the price of coins that was involved in past hardfork was the fact that a new coin would be created after the fork has occurred thereby, every holders of the coin at the time of fork will get same equivalent of coin for the newly forked coin.
What really affect the price of coins that was involved in past hardfork was the fact that a new coin would be created after the fork has occurred thereby, every holders of the coin at the time of fork will get same equivalent of coin for the newly forked coin.
They dont notice it if it will just be a few dollars.
They want like 100 dollars of changes before they will say it was really a bull run.
I still some ETH in my stash and I am still looking forward for ETH to bounce back. Not much of a trader using major coins. Would rather hold them and add some more.
Thanks for the update though.
They want like 100 dollars of changes before they will say it was really a bull run.
I still some ETH in my stash and I am still looking forward for ETH to bounce back. Not much of a trader using major coins. Would rather hold them and add some more.
Thanks for the update though.
I will limit myself to the analysis, I do not care what will happen in 1 year (my idea will keep it for me), but I will analyze only the short/medium term.
They dont notice it if it will just be a few dollars.
They want like 100 dollars of changes before they will say it was really a bull run.
I still some ETH in my stash and I am still looking forward for ETH to bounce back. Not much of a trader using major coins. Would rather hold them and add some more.
Thanks for the update though.
They want like 100 dollars of changes before they will say it was really a bull run.
I still some ETH in my stash and I am still looking forward for ETH to bounce back. Not much of a trader using major coins. Would rather hold them and add some more.
Thanks for the update though.
💊 ETH Update
Ethereum is following a bearish movement anticipating it compared to BTC.
The breakdown of media, first SMA 100 of February 28, then of $ 134 on March 2, clearly indicated a current bearish movement.
Important support remains $ 130.67 where a break with an important close would trigger further downward movements.
Upcoming important supports:
- $ 130.67 highly important
- $ 129.73 last weak support before major moves
Important resistance:
- $ 132.28 weak
- $ 134.34 strong resistance (where I indicated a short opening)
- SMA 100
- SMA 50
I keep my Short open and continue with my bearish idea.
Ethereum is following a bearish movement anticipating it compared to BTC.
The breakdown of media, first SMA 100 of February 28, then of $ 134 on March 2, clearly indicated a current bearish movement.
Important support remains $ 130.67 where a break with an important close would trigger further downward movements.
Upcoming important supports:
- $ 130.67 highly important
- $ 129.73 last weak support before major moves
Important resistance:
- $ 132.28 weak
- $ 134.34 strong resistance (where I indicated a short opening)
- SMA 100
- SMA 50
I keep my Short open and continue with my bearish idea.
I don't see any signal for ethereum that there is Bear market coming as you can see the price movement of ETH is depends on the price of bitcoin.
So I'd say that ETH still in the stable market as it depends on the price of bitcoin.
The market price of ETH is already affected by the HardFork including the other coins and bitcoin as we reached the $4k+ past days ago.
I'm sure that the price of ETH and bitcoin drop due to miners sold their coins before the price drop.
So I'd say that ETH still in the stable market as it depends on the price of bitcoin.
The market price of ETH is already affected by the HardFork including the other coins and bitcoin as we reached the $4k+ past days ago.
I'm sure that the price of ETH and bitcoin drop due to miners sold their coins before the price drop.
That's also my views, there's hardly any changes still Eth's price depends on Bitcoin, I thought Ethereum's price will go to the $200 level but because of Bitcoin's bear trend it was somewhat affected, the questions that still hound me is will the bull occur this year.
I hope that tomorrow will give something good for us so we could take a profit again, but with the situations now, I think we need to be patient again, so we don't buy ETH at the high price.
I don't see any signal for ethereum that there is Bear market coming as you can see the price movement of ETH is depends on the price of bitcoin.
So I'd say that ETH still in the stable market as it depends on the price of bitcoin.
The market price of ETH is already affected by the HardFork including the other coins and bitcoin as we reached the $4k+ past days ago.
I'm sure that the price of ETH and bitcoin drop due to miners sold their coins before the price drop.
So I'd say that ETH still in the stable market as it depends on the price of bitcoin.
The market price of ETH is already affected by the HardFork including the other coins and bitcoin as we reached the $4k+ past days ago.
I'm sure that the price of ETH and bitcoin drop due to miners sold their coins before the price drop.
That's also my views, there's hardly any changes still Eth's price depends on Bitcoin, I thought Ethereum's price will go to the $200 level but because of Bitcoin's bear trend it was somewhat affected, the questions that still hound me is will the bull occur this year.
I still like ETH and ethereum tech, as oppose to some friends. Although the upgrade or hard fork did not really do much to help the price go back up I feel ok with it and would still continue to hodl what I can I think. Regardless of the chart doing interesting thing I want to give ethereum a fair chance to show how it has improved.
ETH Update
After the breakdown of the SMA 100 and the monthly support of $ 134.34 on February 1, 2019, Ethereum closed the 4H candle at 8 UTC under the weekly support $ 132.28 on February 11, 2019.
As could be expected, at the end of the candle a first attempt (not successful) started of breaking the supports $ 130.67 and $ 129.73.
At this time he recovered the first resistance $ 132.28 (become support).
In my opinion, we remain in a situation of Bearish trend, both for the confluence zone already formed between $ 136 / $ 140, but which could further strengthen with a break of $ 129, going to further extend the resistance zone.
A break in the monthly support of $ 130.67 would pave the way for targets below $ 125
The closing of the next candle H4/H12 is fundamental; if closed under the resistance $134.34 it would increase the bearish strength in the short-term.
After the breakdown of the SMA 100 and the monthly support of $ 134.34 on February 1, 2019, Ethereum closed the 4H candle at 8 UTC under the weekly support $ 132.28 on February 11, 2019.
As could be expected, at the end of the candle a first attempt (not successful) started of breaking the supports $ 130.67 and $ 129.73.
At this time he recovered the first resistance $ 132.28 (become support).
In my opinion, we remain in a situation of Bearish trend, both for the confluence zone already formed between $ 136 / $ 140, but which could further strengthen with a break of $ 129, going to further extend the resistance zone.
A break in the monthly support of $ 130.67 would pave the way for targets below $ 125
The closing of the next candle H4/H12 is fundamental; if closed under the resistance $134.34 it would increase the bearish strength in the short-term.
The entire crypto market moves together so I think it is a bit foolish to single out single coins. Maybe in the future ethereum will start to breakaway from bitcoin's path but it remains to be seen. Eth is one of the best buys right now considering how low it is down from the all time high.
Jump to: