Ethereum (ETH): Still Cheap Don't You Think? | $2800 Next

5 hari lalu

Ethereum is still cheap compared to what is about to happen. Now saying "about to happen" is a little broad, saying as it might be weeks or months until we see the full potential of ETH but we are bullish for sure.

Bitcoin had its moment of money inflow and now money has to flow somewhere else, which should be ETH. This is the next stage for the bull market and that's what we are looking for.

Targeting currently $2800, but overall we want to see at least $4000.

Swallow Academy

5 hari lalu

Nota

Ethereum is still strong;on the 1D timeframe, we are seeing the EMAs being controlled by buyers and secured, which is opening for us the gap to move towards the $2800 area.

What we want to see now is a proper BOS on the current timeframe at $2600, which would then be an ideal entry for a smaller long position!

4 hari lalu

Nota

Buyers are doing a great job currently, keeping the price above the EMAs (which also have been marked by us as a retest area after we did that break of structure on the 2nd of July).

Now as long as we are above our buy zone, we are bullish on ETH. As many know, we are far away from the potential of ETH and the first target is at $2800-$3000.

3 hari lalu

Nota

Ethereum buyers are dominating currently, with the price climbing closer and closer to our major target of $2800.

What to pay attention to are the 100 and 200 EMAs, where usually once we have shifted apart from them, we have seen some kind of correctional movement if buy-side momentum is lost so that's what we are keeping an eye on.

If we see currently further buy-side pressure, then we might reach our target within this week, but if sellers take even slight control, we most probably will retest the EMAs before another attempt to upper zones.

kelmarin

Nota

Ethereum did a really good bounce from the local support area, where buyers still keep the momentum as of now.

As our target got reached, we also noticed that buyers are not reducing the pressure to the resistance zone, which means most probably we are about to break out from that smaller sideways channel.

If we see a break from here, our target is set to $3200-$3300.

semalam

Nota

Ethereum had a strong breakout, and we are getting closer and closer to our major target of $3200-3300.

A smaller target of $3000 has been reached and we see that after smaller rejections, buyers still keep the pressure, so our major target remains the same