Bitcoin Forum

your analysis seems to Ethereum can I make a guideline to buy it now ?,
Support for Ethereum also seems to hold strong, how? is it worth buying?

Good analyze,, people should learn how to make a good decision by technical analysis
Because fundamental analysis is not enough, because we don't know when to exit or enter the market

I am interested in your review, and try to understand what you say. that is not enough for me. say a sharper prediction about ethereum, I will listen carefully.
I keep the potential ethereum coin confidence and I hold it

I won't recommend this period to trade it daily . It is very dangerous as you can see there are small pumps and small dumps . You better buy and hold it for 2 more years . You will be more relaxed

I think BTC and ETH are having a high price at the end. Based on the current economic situation, I don't think that BTC or ETH can grow any further. many businesses are facing difficulties and facing the risk of bankruptcy and the politics between countries are still not stable. This will cause great damage to the world economy in the future and certainly crypto will also be affected. Therefore, we need to be careful when deciding to invest now, please continue to wait patiently and do not rush to invest now, the risk is very high.

Good to hear that you successfully made a profit from this graph and how i wish that i did follow you since i have read this thread earlier as you posted this.Pivot point  breaking out is really awaiting and i don't regret doing it now because i have trusted this currency for long time and i know it can be making another huge from the Halving effect and the 2.0 version of ETH.

You have also given a good Grapth here something that we can rely on,thanks for this and hope there will be a good reaction the sooner the better.

What's in the actual graph is only analytical representation, you can have it your own interpretation if you wanted to. Every ideas driven by each and everyone's opinion is always a potential conclusion. We're independent with our thoughts, that's why we go for what we think effective with so many strategies to apply with our trading on eth and btc.

Youre totally correct and some people dont understand that graph is just market examination but every individual independently have the right to it own conclusion.
I believe the OP reading will function but i dont use graph these days cause we are manipulation realms and what i use now is whales/arbitrage traders decision.

https://imgbb.online/images/2020/07/05/IMG_20200705_164439_334.jpg

$ETH Update

Will try a short scalp on ETH if we reach the Pivot Point and make a confirmed rejection of that point. Also considering short position if we lose 223.90$ Horizontal Support Zone.

The 0.025 price level in ethereum is the key resistance for now.
If you will check it, at that level, multiple times that got lot of rejections especially started last month.
For me for ETH/BTC pair, as long as the bitcoin dominance will soar up high, we still see more downsides for this pair.

https://imgbb.online/images/2020/07/06/IMG_20200706_201635_493.jpg

$ETHBTC Update

ETH crossed back above the Pivot Point and reached both targets as was expected.I made +10% of profit with x5 leverage on this movement.

Currently we are near the Horizontal Resistance of the Channel, so to continue going upward we need to fix above 25376 sats. Otherwise we will take a downward retracement of this Resistance and at least retest the Pivot Point.

You are definitely right about that every ETH lover is waiting for just something good news about ETH. But as you above mentioned it seems it will take a long time ETH to increase. There is something which can affect the price of ETH great, maybe most people are waiting for ETH2.0. They think this updating will affects the price of ETH. We will see.

I agree with you that every Ethereum (https://www.worldcoinindex.com/coin/ethereum) fan is waiting for good news about Ethereum. But realistically Ethereum is better for long term as the price is going up and down lately.

I think it is high time for Eth to make decisive moves especially if it is able to break 300 and then 360 level which was previous high mark i guess then i think eth will technically get the required stimulus to push up very hard and i do not see any serious resistance levels on the way up other than 800, 1k and 1.4k.

If we talk about eth/btc pair then i think the next possible resistance areas are 0.03, 0.04, 0.06. So if eth is able to break 0.06 i think it will easily head towards 0.1 price and considering what kind of momentum and volume it will have around those levels we may see a new all time high this time around for eth/btc where eth will gain value.

I think this is a fairly high increase in ETH gradually. the market today doesn't support high pumps. all went very slowly with small movements. maybe when it will happen but in planning long enough if the market is still in the current state.

I am still in a waiting for Ethereum.
I don't lose hope specially now that we are getting closer to 4th quarter and anytime now there will be changes in this price.

and also EH for me is one of the best currency to expect next to BTC so what can we expect from this one.

https://imgbb.online/images/2020/08/10/IMG_20200810_110724_093.jpg

$ETH (ETH/BTC Pair)

ETH bounced off the Support Cluster (Pivot Point + Lower Boundary of the Ascending Channel + Horizontal Support on 32290 sats). Looking for the retest of the 35010 sats Horizontal Resistance and more upside if the one gets broken.

📎 Cross above the 50 MA, would be a good confirmation for the growth continuation.

I believe ETH will head towards 0.04 BTC resistance in the next few days. This is an important moment for ETH holders to be patient
until the resistance price of 0.04 BTC is reached. Because the movement of Bitcoin continues to rise, it has a positive effect on the
movement of ETH. Even though the analysis results show the positive performance of ETH, we must be careful considering that volatile
ETH prices can occur dump suddenly. Always use stop-losses to save your capital if the ETH market is experiencing a downturn.

As long as it can keep near the resistance it should be good enough because BTC/USD itself has been rising steadily after every fall. I think the market has to look at both ways in this particular rally because it already used up a lot of energy in this one,,, and now with Phase 0 testnet here, a lot of focus on how well the results show. That will determine a new resistance or new support I believe.

I also still believe that Ethereum can reach more than 0.04 BTC, this is because HYPE always has something to do with Ethereum,
ICO hype and now DEFI Hype , we'll see