Ethereum (ETH): Stronger Than Bitcoin, Will Take Over Dominance!

6 giorni fa

Let's get one thing straight: Ethereum will take over the dominance from Bitcoin.

Considering that we are still far away from ATHs, we have a lot of room to move and make new highs on the ETH in the future!

Meanwhile, our point of interest is the $4,000 zone which we might reach and get rejected from there, where then we want to see a price to correct one more time before heading for higher zones here. Now if we see that buyers will keep dominance near the $4,000 zone then we will see most probably the attempt to reach the new ATH zone so we keep an eye on this zone for now!

Swallow Team

6 giorni fa

Nota

Ethereum on daily is looking sweet for a potential re-test of local resistance zone.

We had a decent breakout and market structure break so now the next stop should be a decent resistance zone, which is at $4000.

Once we are near that zone, we will look for further market structure development to decide and get a better understanding of which way we will be heading from there!

5 giorni fa

Nota

Buyers seem to go for a $4,000 zone where recently they secured the EMAs and our bounce zone, which has been acting pretty well.

We are monitoring now for any possible re-tests that might happen to that bounce zone but overall we want to see a break of local highs here and a movement toward the major resistance zone (within the timeframe ofc).

4 giorni fa

Nota

Well, sellers took over again after forming a nice fakeout above our bounce zone and branch of EMAs where price has landed now on a support zone, one of the most important ones on current timeframes, as if buyers fail to regain control at the current zone price of Ethereum will fall as low as $3000, which is not a small move.

So as of now we are monitoring that support zone where if we see a breakdown we will short and if we see the regain of control by buyers we go with the flow 😉

3 giorni fa

Nota

Ethereum has dipped almost 5% since yesterday, when sellers were taking control near the local support zone (turning it into resistance).

We are looking for a full breakdown from there and a proper move that would secure this zone and lead price towards the 3000......we wait!

l’altro ieri

Nota

Ethereum had broken the smaller support, where currently we are re-testing it.

We are looking for a successful re-test here, which would send the price to even lower towards the $3000 zones so wait for confirmational rejection before going into the treda here!