Bitcoin Forum

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.



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.



Without the movements analyzed, and without an important upward movement of BTC, the short- to medium-term trend of ETH is Bearish.

I decided to convert all my crypto in USDT while BTC is in $6000 .. Planning to rebuy BTC and ETH sooner. I believe there will be a series of up and downs for BTC between 3k to 6k, then back to 3k going back to 6k. The bull run will be on year 2020.

#myopinion ;)

Etheruem bear made me record some lose. I didn't see it coming and that slashed the fractions at least like 50% has been gone, I hope we have a bull as soon as possible.

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.

Of course, I agree.
As explained in bold, the trend of BTC affects ETH.

ETHUSD Update

The exceeding of the SMA 100 has triggered purchases; we are now between the SMA 50 and the SMA 100, just like BTC (This note as in the previous post was noted as BTC called the road).

I would like to point out to you how the SMA 50 is aimed at cross-breeding in the short term under the SMA 100; its crossing in the past has led to large movements (both upwards and downwards, depending on the intersection). This must obviously be confirmed with the closing of the H4 candle.

https://i.imgur.com/2IPJm6m.png


This is a brief example of the short past.
https://i.imgur.com/FZuKTmG.png


This is what I think we can expect in the short term:
https://i.imgur.com/VpJrB1O.png


I would add that an important resistance is placed on the SMA 50 (around $ 140).

In the short/medium term, the rest moderately bearish.

That is what I have been telling friends online!  It is very difficult for ethereum to move upwards because of its hardfork. Bitcoin dominant over the cryptocurrency market do affects Ethereum price and at such ethereum cannot really create bullish trend on it own.  Without serious issues that affect bitcoin I think the overall general conditions of the market will be in the bottom and that is why we should look for positive information about bitcoin in others to see growth in the general behavior of the market.

For those of you who think after the hard fork, there would be a huge change but it turns out that the impact is not that strong to make a new rally for a bullish market. It is just basically ETH is following the trend of Bitcoin and not by its hard fork, but if it is the hard fork of Bitcoin things will not be the same. It is just simply because people really do believe the potential of Bitcoin than any other coins.

quite interesting your way of thinking, how much optimism you feel about btc and eth, tell me how to analyze movement correctly, I am always stuck with a momentary increase

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.

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.

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.

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.

Not so fast, I think because ETH price still getting down and I am afraid we are still on the bearish trend today following with bitcoin price which is not moving higher. But if bitcoin can give a good sign to increase, I think it will push ethereum price to go up, and I guess that it will not happen with ETH only but for the other coin will get affect too.
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.

💊 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.

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.

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.

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.

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.

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

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.

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.

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.

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 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.

ETH and other altcoin still tied to bitcoin so whenever there is change on bitcoin it also affect ETH that is my opinion.

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.

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.