ETHEREUM SHORT TERM OUTLOOK

[Chinocshyp]

The way ethereum have moved for the past 2+ weeks is classical. Expect a 22% positive move up in 1-3 days.
from the chart above, there is a clear impulsive move down, followed by a consolidation and then a smaller impulse. If you look at the purple llines, you will discover that a divergence has formed. The MACD, together with the way prices are lingering around the 3 moving averages, proves that this is a corrective move and a 22% boost in prices is inevitable.

SHOULD YOU BUY?
If you are experienced and can place tight TP, you might. but if you aren't an experienced trader, I wouldn't suggest you take this trade. Even though we will see a 22% to 25% move up, the price could come down fast after that.

WHAT WILL HAPPEN AFTER THIS MOVE?

Well, get ready for another very sluggish fall after this move up.

[JeromeTash]

Your image link is not working. Can you post a right image link so that we can see what you are talking about
I would really love to see how to explain this because am still learning bits about trading through analysis

Edit:
Got it
This should be your image in the OP



Code should be like this

Code:

[img]https://talkimg.com/images/2023/05/14/blob78ebc6281817de93.png[/img]

[elda34b]

The chart seems ok, but tbh fundamentals for ETH aren't that great imo. ICO frenzy is over, and there are a lot of others alternative platform for start up team like EOS, TRX and so on. It's pure speculation for long term, I wouldn't touch ETH right now.

[dark08]

Good charting its possible to happen since I dont see any pump up happen to ethereum I will check and wait for a good time to entry.
Hoping your prediction will come sooner (finger crossed) I love ethereum but most of the time more project can beat it in terms of project fundamental.

[JeromeTash]

The chart seems ok, but tbh fundamentals for ETH aren't that great imo. ICO frenzy is over, and there are a lot of others alternative platform for start up team like EOS, TRX and so on. It's pure speculation for long term, I wouldn't touch ETH right now.

Without trying to speculate the price, I don't think ETH is done yet. Infact what I think happened is that the emergence of many shitcoins and ICOs hindered the growth of ETH. With fake ICOs out of the picture, people will start to focus on real projects.

I have checked out EOS and TRX and one thing I noticed is that people who develop dapps on those two platforms are majorly focusing on games and gambling. Other different projects are getting launched on Ethereum network. Not sure why but this shows that EOS and TRX won't be competing with Ethereum to a greater extent.

If you remember, some people thought that NEO would definitely dethrone Ethereum but up to today, it's not even close.

[Kiweikoo]

Ethereum is a very good project and everyone knows about this, so I don't know why it is surprising to some persons when they see a growth in the price of the coin since it's a coin that provides a real life value to its users. I know that there might be some flaws in the technology but we can see that the ethereum team are working tirelessly to make sure that this issues are being addressed, so that a better community can be provided.

[lablab03]

Its only a small increase for sure and will never surge like what always happened because of some causes that alway manipulate the price back to the bottom stage. But still a good news by the way especially for those who want to obtain profits with ETH in just short term .

[Bitcoin_Arena]

Pretty obvious given that Ethereum had dumped so hard in the bear market. I think very soon it should be able to reach at least $200. But i expect a few ups and downs before reaching that target.

[herfie.chen]

For me at the moment i will buy ETH, yesterday i see the price arround $142 and today fall to $139. I think ETH price will increase again and this is the best time to buy and make short time profit.

[Reid]

Well where else could it go but just down.
I dont think it is the right time yet for another big pump.
Although I am still not selling it. I will be waiting until it goes 1k USD again.
Maybe if we could make bitcoin be pumped then a larger possibility for Ethereum to be pulled up is higher.

146 is not bad but I am still expecting more from this great coin.

[sheenshane]

snip-
146 is not bad but I am still expecting more from this great coin.

Yeah, that's right, not bad for the chart but honestly, ETH is an altcoin we are not sure to give us the best today. I used to admire ETH because of its growth and I came at the point that I thought ETH could win over Bitcoin( but it won't). ETH today is I can tell as an Altcoin I would not touch as of the moment. I will just keep my ETH on my wallet and wait.

[spadormie]

SHOULD YOU BUY?
If you are experienced and can place tight TP, you might. but if you aren't an experienced trader, I wouldn't suggest you take this trade. Even though we will see a 22% to 25% move up, the price could come down fast after that.

I'll certainly buy eth. Eth is a very good coin that made me a lot of money last time it was above 1000 dollars. I managed to buy 5 eth at 300 dollar price of it. Eth is a good choice of investment.

WHAT WILL HAPPEN AFTER THIS MOVE?

Well, get ready for another very sluggish fall after this move up.

Most of the time this thing is common. It will go down after a big pump. Just like what everyone seeing bitcoin. They say that bitcoin is a bubble. Once it goes big, it pops.

[Ucy]

Does technical analysis still work in this current market? It doesn't work much for me like before. I think traders should simply buy when the market is down and sell when it is up. This method is simple to use and does make some profits.

[Bitcoin_Arena]

Yeah, that's right, not bad for the chart but honestly, ETH is an altcoin we are not sure to give us the best today. I used to admire ETH because of its growth and I came at the point that I thought ETH could win over Bitcoin( but it won't). ETH today is I can tell as an Altcoin I would not touch as of the moment. I will just keep my ETH on my wallet and wait.

Win bitcoin in terms of what? Adoption? Price? marketcap?
If it's the last two then you must have been crazy 

Ether does not have a fix total supply as yet and I think this is one of the things affecting its price. The co-founder predicted that Ethers mined (circulating Ether) would not cross the 100M Ethers mark until at least after a century  and guess what? The mark was crossed in 2018 If i remember well.

This nonetheless, shows that Ether over achieved whereby even the co-founder didn't expect it to be a major force for start-ups  on the blockchain too soon, which led to a record all time price last year

[creeps]

Does technical analysis still work in this current market? It doesn't work much for me like before. I think traders should simply buy when the market is down and sell when it is up. This method is simple to use and does make some profits.

Sometimes yes, but most of the time no especially now that manipulators are moving the market up and down. It will work to those who are a good trader and for sure they know it already. Eth price on short term will be more volatile, they want to take profit, its a pump and dump again.

[peter0425]

Well where else could it go but just down.
I dont think it is the right time yet for another big pump.
Although I am still not selling it. I will be waiting until it goes 1k USD again.
Maybe if we could make bitcoin be pumped then a larger possibility for Ethereum to be pulled up is higher.

146 is not bad but I am still expecting more from this great coin.

Definitely, if bitcoin goes on the next level again, Ethereum will follow suit, yeah the current price is not that bad but I still it is still down by 80% so it has a long way to go before we can reach $1k, It is possible? Of course, but bitcoin' price could be one catalyst as well to see the price of Ethereum reaches another all-time-high.

[JeffBrad12]

The chart seems ok, but tbh fundamentals for ETH aren't that great imo. ICO frenzy is over, and there are a lot of others alternative platform for start up team like EOS, TRX and so on. It's pure speculation for long term, I wouldn't touch ETH right now.

It's not over yet, EOS already lost a lot of demand and even major ico that runs on binance is still using ethereum. Any other plagiarized platform will get short term hype and no more. So many people were saying NEO will take down ethereum and stole all of its demand but NEO dead right now.

[Ultimist]

I do not consider Ethereum as a short-term investment. He doesn't show himself well enough to pay attention. I bought it for a long time and its term still has not come.

[IVEXO]

Etherum on the short term requires close monitoring of your portfolio
Because signs are signify a possible dip

But it’s just a prediction
Why not dyor and get the right information

[cryptocyprus]

I think that in the short term, the cryptocurrency market will continue to fall. The price of Ethereum may again be at the level of $ 80.