TRENDING:
US midterms
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
|

ETH/USD still bullish above the order block

ETH/USD still bullish above the order block
Nenad KerkezNenad KerkezTop-XE

ETH/USD technical analysis

  • ETH/USD is still in uptrend.

  • Continuation expected above the point 3.

  • Q H4 is the target.

  • Buyers are strong.

Daily Chart ETH/USD

ETHUSD

  1. Swing point.

  2. Swing low.

  3. Order block.

  4. Target.

If Fed delivers only a few rate hikes, cryptos will rise. At this point we can see that the price is rejecting the order block. The rejection comes around the support level 3667. Bounce should be targeting higher levels around M H3. If the price breaks 4014 then we will see Q H3 4206 and eventually 4728 retest. Wait for the market to gain momentum  and trade accordingly. The price is still in uptrend. There is no downtrend unless 3660 breaks lower. The order block support bulls.

Author

Nenad Kerkez

 

More from Nenad Kerkez
Share:

Editor's Picks

Cardano Price Forecast: ADA defends key support level amid mounting bearish pressure

Cardano Price Forecast: ADA defends key support level amid mounting bearish pressure

Cardano continues to consolidate above its $0.1894 support level on Monday, stabilizing after roughly an 8% loss on last Thursday. On-chain data shows reduced activity among large-wallet investors, commonly referred to as whales, despite a rise in Cardano’s social chatter.

Solana Price Forecast: SOL slides below key EMAs as ETF outflows peak

Solana Price Forecast: SOL slides below key EMAs as ETF outflows peak

Solana remains under pressure on Monday, hovering around $95.48 after extending its losing streak to five consecutive weeks. Bearish sentiment strengthens as SOL’s spot Exchange Traded Funds recorded weekly outflows of $71.47 million, marking the largest withdrawals since their launch.

Top 3 Price Predictions: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP rebound as November begins after a losing October

Top 3 Price Predictions: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP rebound as November begins after a losing October

Bitcoin, Ethereum, and Ripple recover slightly on Monday after closing October with four straight weeks of losses. BTC climbs above $78,462 after finding support around its key support zones, while ETH rebounds above $2,295 but remains below key Exponential Moving Averages, keeping its near-term outlook bearish.

Zcash Price Forecast: ZEC rebounds as ZODL founder now supports ending community grants

Zcash Price Forecast: ZEC rebounds as ZODL founder now supports ending community grants

Zcash (ZEC) shows signs of recovery on Monday, extending gains above $1,250 as the Zcash Open Development Lab (ZODL) founder, Josh Swihart, now supports the compromise proposal to end the 8% block reward share directed to Zcash Community Grants (ZCG).
Bitcoin: Binance security breach and hawkish Fed push BTC lower

Bitcoin: Binance security breach and hawkish Fed push BTC lower

Bitcoin (BTC) continues to weaken this week, down more than 3% and heading for its fourth straight weekly loss. The largest cryptocurrency by market capitalization is facing a bearish outlook, fueled by a hawkish Federal Reserve (Fed) outlook at the October meeting and a reported $6.3 billion hack at Binance, which is driving risk aversion and triggering heavy liquidations.