ETH/USD - Levels To Watch

What's up traders, I hope you are all having a good start to the trading week.

Here we are analyzing ETH/USD on the 4H chart.

Ethereum is currently in a downside correction move. Price recently has been trading within a descending structure, with the latest peak at 862, before a big breakdown. With this, there was also resistance found from the 200 and 50 moving average, which coincided very well with Ethereum , and even if Ethereum was strong itself, the technicals were no match when they are of this caliber. A resistance structure with an exact match with the major long term moving averages is a might resistance.

Ethereum is currently trading at 780, which directly coincides with a horizontal support zone . Price may well find support here at this level and find some upside, which I would expect to hit the high point of the side-wards resistance line at 830, before hitting the major resistance again and likely breaking down to the lower support level of 580. Price may well hit the resistance at 830 and then come back into current support and find bullish momentum, but there would have to be a significant amount of bullish participation for this to happen.

Price is likely to have a correction for the time being and remain weak. Price is at the mercy of very strong technicals, and this shall continue into the meantime.

After the corrective move has finished, I am expecting Ethereum to find some upside, probably to the current support, which would turn resistance, at the current price of 780.

Bare in mind, that a lower retest would actually be GOOD. Because resistance is so significant, any up moves are likely not real and will put people in costly bull traps.

I will update this analysis when I receive above 40 likes.
Join our VIP Signals group:

- Telegram: @Tomprotrader
- Email:

Public Telegram Channel:
looks like a good buy position now
Thank you !
I reached same conclusion as you few days ago. At the current rate we are more than likely to test the floor below, i see the immediate support breaking when next rejection happens after reaching the roof of the decending trendline.
Thumbs up!
+1 回复
@ethhunter, Agreed, thanks for sharing.
Good to see a high rep trader warning his viewers about bull traps, and a possible dangerous current situation.
+2 回复
TomProTrader Giorgioversace
@Giorgioversace, Thank you.
+2 回复
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出