Ethereum (ETH): Buyers Forming Market Structure Break

28 apr

Ethereum has made a decent foundation near $1,500, where buyers have formed a market structure break and secured the area.

This might be the turning point for the Ethereum and we might see a great start of a rally from here, as price has not yet reached anywhere near its potential price near ATHs, while Bitcoin has already formed its new high.

What we are expecting is the possible market volume to flow into ETH and coins that have been built on the Ethereum blockchain so we will be keeping an eye on them.

Swallow Academy

28 apr

Nota

Ethereum has established a strong supportive zone where buyers have formed a nice MSB on smaller timeframes and now are breaking breakingthe structure step by step.

This kind of movement seems like a pretty good start for a possible movement that we are looking for, which would fill the big FVGs that price has left on upper zones and the retest of EMAs, which are MUST-HAVE if we want to see any kind of proper movement in the future without choppy moves like we have been having lately.

So, we are aiming to see a good upward movement from now on....

29 apr

Nota

Nothing much has changed on Ethereum, where the price has been trading in our golden zone between the 200EMA and our resistance zone.

While price has been moving up and down in a sideways channel for the past week, we are expecting some volatile breakout or breakdown to happen this week, when the monthly candle of ETH will close and a new one will open.

So we wait; once one of our zones is reached, we will be looking for a long position or a short position (if 200EMA will be broken), depending on market structure development.

30 apr

Nota

Looking at candles on the 4-hour timeframe, we are noticing the strong momentums from sellers with big and strong red candles they form after some kind of upward movement (which comes with hard work from buyers).

This kind of dominance is giving us a possible sign of an upcoming bigger selloff so we need to monitor here the 200 EMA, which is acting currently as a support zone. Once we see a 4-hour candle close below that EMA, we will be looking for downside movement!

1 mag

Nota

Ethereum is still inside the golden zone, which we determined on a 4-hour timeframe, where we see pressure from sellers being bigger than buyers.

Usually this kind of structure development leads to MSB formation so that's what we are looking for. As long as sellers maintain the price below the upper resistance zone, we are good for a smaller correctional movement here.

2 mag

Nota

Buyers failed to have a proper breakout on ETH, where sellers took back the dominance and now are showing pressure, pushing the price back to the lower side of the sideways channel. Before reaching that zone, we are setting our first target at the 200EMA line, which has been acting as some sort of support area for the coin.