Ethereum ETH/USD Analysis - Page 2

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Thread: Ethereum ETH/USD Analysis

  1. #16
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    Ethereum price trades negatively since morning affected by the previously completed double top pattern, thus, we will keep our bearish overview for today, which depends on holding below 637.00, reminding you that our next main target is located at 475.00.



    Expected trading range for today is between 500.00 support and 609.65 resistance

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    Ethereum price shows more decline to start testing 500.00$ barrier, thus, the negative effect of the double top pattern continues to push the price downwards, waiting to test 475.00 level that represents our next main station.



    Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless breaching 637.00 level and holding above it.



    Expected trading range for today is between 475.00 support and 570.00 resistance

  3. #18
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    Ethereum price begins to provide bearish rebound signals in attempt to move away from the EMA50, supported by stochastic negativity that appears on the four hours’ time frame, waiting to target 475.00 level as a next main station, reminding you that it is important to hold below 637.00 to continue the expected decline.



    Expected trading range for today is between 475.00 support and 610.00 resistance



    Expected trend for today: Bearish

  4. #19
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    Ethereum price continues to fluctuate within calm negative track supported by the negative overlapping signal provided by stochastic, to keep the bearish trend scenario active in the upcoming period, which its next target located at 475.00, noting that holding below 637.00 represents key condition to continue the expected decline.



    Expected trading range for today is between 475.00 support and 610.00 resistance



    Expected trend for today: Bearish

  5. #20
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    Ethereum price resumed its negative trading clearly after testing the bearish channel’s resistance that appears on the chart, to approach our first waited target at 475.00, to keep the bearish trend active in the upcoming sessions, noting that breaking the mentioned level will push the price towards 358.00 as a next station.



    Note that the continuation of the expected decline depends on holding below 609.65.



    Expected trading range for today is between 475.00 support and 560.00 resistance

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  7. #21
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    Ethereum price hovers around 475.00 level, and the price still within the bearish channel that appears on the chart, as the price falls under continuous negative pressure provided by the EMA50, reinforcing the chances of extending the bearish wave on the short term basis, as our next target is located at 358.00.



    Therefore, we will continue to suggest the bearish trend unless breaching 609.65 level.



    Expected trading range for today is between 420.00 support and 500.00 resistance

  8. #22
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    Ethereum price fluctuates near the bearish channel’s resistance and keeps its stability within this channel, while the EMA50 forms continuous negative pressure against the price, to keep the bearish trend scenario active in the upcoming period, waiting to target 358.00 level as a next target.



    We should note that breaching 520.00 will push the price to test the most important resistance to the short term trades at 609.65 before any new attempt to decline.



    Expected trading range for today is between 450.00 support and 520.00 resistance

  9. #23
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    Ethereum price fluctuates at the bearish channel’s resistance, getting negative signals by stochastic and the EMA50, to keep the bearish trend suggested for today, conditioned by the price stability below 490.00, reminding you that we are waiting to target 358.00 level that represents our next main station.



    Expected trading range for today is between 380.00 support and 490.00 resistance

  10. #24
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    Ethereum price continues to fluctuate around the bearish channel’s resistance, while the EMA50 keeps protecting trading inside this channel, to keep the bearish trend scenario active in the upcoming period, supported by stochastic negativity, reminding you that our main waited target is located at 358.00, while holding below 490.00 represents key condition to continue the expected decline.



    Expected trading range for today is between 380.00 support and 490.00 resistance

  11. #25
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    Ethereum price tests the bearish channel’s resistance line that appears on the chart, accompanied by stochastic return to move within the overbought areas, to form negative factor that supports the continuation of moving inside the mentioned channel, waiting to resume the bearish trend that targets visiting 358.00 level mainly.



    We remind you that the continuation of the suggested bearish trend depends on holding below 485.00.



    Expected trading range for today is between 400.00 support and 500.00 resistance

  12. #26
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    Ethereum price shows sideways and tight trading, and the price still stable below the bearish channel’s resistance, thus, we will keep our bearish overview that depends on holding below 485.00, noting that our main waited target is located at 358.00.



    Expected trading range for today is between 400.00 support and 485.00 resistance

  13. #27
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    Etherum has briefly touched the top of a LT key support zone which so far only has lead to a minor bullish reaction.

    Unless more bulls step in at this point, I think it’s very likely we’ll see another attack on this support zone.

    If the zone holds and more bullish order flow emerges, another move up towards the LT resistance at 800, similar to the one in April is not unlikely IMO.

    On the other hand, if the support fails, we’ll likely be looking at a bearish continuation towards 205 and 140 in extension.


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  15. #28
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    Ethereum price shows sideways and tight trading since yesterday, to fluctuate around the bearish channel’s resistance that appears on the chart, while stochastic begins to lose the positive momentum clearly.



    Therefore, we believe that the chances are valid to continue the overall bearish trend, which depends on the price stability below 485.00, reminding you that our main waited target is located at 358.00.



    Expected trading range for today is between 400.00 support and 460.00 resistance

  16. #29
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    Ethereum price retests 496.00 level now and still above it, to keep the bullish trend scenario active for today, supported by the EMA50 that carries the price from below, waiting to target 609.65 level as a next station, noting that the continuation of the expected rise depends on holding above 496.00 and 465.00 levels.



    Expected trading range for today is between 465.00 support and 570.00 resistance



    Expected trend for today: Bullish

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