Vera Thornpike

Ethereum Price Short-Term Outlook: $164 Is The New ETH Target. Bullish or Bearish Trend Expected?

🔧📈👀What will kickstart ETH price growth? Ethereum short-term price predictions from TradingView experts: technical analysis and most popular suggestions
Ethereum Price Short-Term Outlook: $164 Is The New ETH Target. Bullish or Bearish Trend Expected?
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We’re holding our breath looking at Ethereum price fluctuations: the cryptocurrency seems to be on the verge of a breakout, but we aren’t sure. Should we wait for the bearish or bullish trend? What’s more likely to happen? Let’s focus on technical analysis from tradingview users to get the answers.

$164 is the higher high to be broken

Ethereum has two ways to go – top or bottom

Ethereum price chart from TradingShot

The user called TradingShot has come up with a very interesting suggestion. According to his one-day analysis, Ethereum is on a bullish run: it’s slowly rising inside the channel. However, signals and trends are pretty controversial. We should expect a strong bullish jump if Ethereum reaches $164 – its recent highest high achieved in February. However, if Ethereum hits the bottom (122.65 support line), it’s more likely to be bearish.

ETH is through the big resistance

There’s still a chance for ETH to repeat its recent jump

Ethereum price chart from botje11

Another proof comes from user botje11. He also says that the past weeks have been true torture for Ethereum. It dragged its feet through 140 level with sideways movement. There’s been a lot of fuss around Ethereum, but it’s slowly moving along the same path. Anyway, there’s still a chance for a good bullish period. There have been a few bullish attempts, but bears kept selling to stop the rally.

Here’s what botje11 thinks about the situation:

“I am not that confident about short term bullish movement, ETH' looks very weak at the moment. Moving below that blue curved line for days now. If we see that line break, we could see something happen again, maybe another attack of the 140ish level. Now since this 140 level has been such a big resistance level (neckline), we should see a big jump up when it breaks. If we don't see a big jump, I would be very careful with long positions.”

There’s room for the rally if Ethereum rises to $160 again – that will be an 80% chance of breaking out. The third touch usually signals that bulls are ruling the market. Oppositely, if Ethereum goes to the bottom and drops to $120, it might be dangerous.

However, from a short-term perspective, it’s possible for Ethereum to slightly touch the bottom and drop to $115/125 – it will be a short break before attacking the $140 area.

We’ll see where Ethereum goes in a week

Ethereum should decide upon its path soon

Ethereum price chart from Pro_indicators

According to this chart, there’s speculation and preparation for the upcoming positive trend. Technical analysis point to upside movement. In about a week, it will be clear whether Ethereum is strong enough to fight for its place under the sun.

5th Elliot Wave is over

5th Elliot wave is about to finish

Ethereum price chart from ElliottWaveForecast

Many crypto predictions are confirmed with Elliott Wave analysis. We can see that Ethereum is finishing the 5th wave. What does it mean? We should expect a major breakout. In 2018, the 5th Elliot Wave made ETH grow by $200. This March, the profit might be lower, but it’s a great opportunity to break $165 resistance and even reach $200-250 level.

Although Ethereum price predictions are based on different things, many of them boil down to one simple fact – ETH is to rise soon. Probably, the jump will be preceded by minor bottoming – that’s the right time for making an investment.

ETH/USD chart on TradingView

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Vera Thornpike

Bitcoin Short-Term Price Analysis: $4,000 BTC Price Is to Be Hit Again. What to Expect from BTC This Week?

🤑📈Bitcoin short-term price prediction from TradingView users. Is BTC to overcome $4,000 this week? When to buy Bitcoin? Patterns and factors contributing to BTC growth.
Bitcoin Short-Term Price Analysis: $4,000 BTC Price Is to Be Hit Again. What to Expect from BTC This Week?
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Bitcoin has managed to make it to $4,000 but didn’t hold long. What will be its next steps? Will BTC reach new heights, or is its short-term success to be eclipsed by another bearish trend? tradingview users share their outlook on Bitcoin’s nearest future.

BTC is going through ABC correction

Bitcoin is through ABC correction

Bitcoin price chart from botje11

According to user botje11, Bitcoin seems to be going through ABC correction. So far, it has been moving towards the $4,200 neckline again. Volume is moderate, but not bad. It looks to be developing normally within what looks like a right shoulder. Since December 2018, it has been attempting to form an inverse H&S pattern.

Here’s what botje11 writes:

“In a short term, we want to see something like the chart on the left. Making a bigger bull flag here. So touching 4000/4020 again and then retest the support one more time around 3950/40. If we see this happen without any strange moves, chances will be very high to see an attack of the 4200. As you know from my previous analysis, that if we see a touch of 4200ish, even when seeing a rejection there at first, i am quite sure it will break eventually. In this scenario, 4000 should be the low after touching the 4200ish.”

If we manage to move up above 4000/4050, the volume should increase. To witness positive changes, the rally should be bigger than before. The real volume jump can be postponed until a break of the $4,200 level. But then it has to be enormous. Seems like traders aren’t willing to wait anymore.

Short-Sale Structure pattern is here

We are likely to see Bitcoin falling to a support line

Bitcoin price chart from CryptoManiac101

According to CryptoManiac101, up to date, we are witnessing a clear follow through with our Short-Sale Structure pattern. It means there’s a 90% chance of a flash dump or drop towards supports. However, crypto is a very volatile matter, and we might see an upward movement into the next week. At the moment, there’s no clear BTC/USD trade set up.

There’s the third successive buy signal

Prepare to buy BTC at $4,100

Bitcoin price chart from TradingShot

Bitcoin gives another buy signal for traders. Look at the pattern: 4H Channel Up within a 1D Ascending Triangle. The signal seems to be bullish in the Higher Low zone. Prepare to buy BTC at $4,100 higher high and sell on $4,190 when Ascending Triangle Resistance forms.

BTC is to fall to $3,300

BTC might fall to $3,300 and lower soon

Bitcoin price chart from MrRenev

Some users don’t share the optimism around Bitcoin’s future. For example, the user nicknamed MrRenev believes that BTC is to fall to around $3,300 in 7-10 days.

Here’s what he writes:

“After a dead cat bounce and the usual victims that regulators try so hard to protect - no matter how much that hurts the legit traders like me - and that lose no matter how many rules aka wheelchair training wheels are set in place to help them out, will ONCE AGAIN call the bottom, buy the dip etc - which should last let's say 3-5 days, the price will then fall more than 1/3 in a matter of days. We will then bottom at 1500-2000 we might get there fast or after a bounce a little higher and momentum slowdown follower the 33% loss in 2-3 days.”

Why should it be so? MrRenev bases his prediction on the fact that the Chinese government doesn’t like Bitcoin and might do everything to suppress it. BTC will be under risk after rejecting resistance twice and run into the next resistance which is $4,200-4,300. The user is sure that the chances of a bull run is minimal.

After breaking resistance, Bitcoin is through the uptrend. Judging by predictions from TradingView, it's more likely to rise than return to the $3,500 level or lower. Keep tabs on the new resistance level. $4,050 will be a new BTC price threshold and an entry point for traders.

BTC/USD price chart on TradingView

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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