Ethereum (ETH): Reaching Important Zone

30 sept. 2024

Ethereum has reached the most important zone for the coin, which will determine the next major movement for it.

We are keeping all of our attentions here at $2,800, which upon breaking it will result in a good upward movement to upper trend line but if we see a rejection from there and a failed breakout, then we will test the lower trend line most likely (where sellers will try to break it)

Swallow Team

30 sept. 2024

Note

Daily timeframe is looking interesting where price is slowly approaching the zone of EMAs (from where we want to see a good rejection to happen).

If all plays out nice, then we should see a good 15% of downward movement from here!

1 oct. 2024

Note

Ethereum did nothing special so far where price is still below EMAs where buyers try to lead a price to 200EMA where buyers are most likely waiting to sell and give a resistance.

This is our plan so far; we might see some slight move to upper zones but overall we are looking for the price to fall back to zones of $2,250.

2 oct. 2024

Note

Ethereum made a nice 10% movement since our entry zone, where price is now heading toward that lower support zone (which is our current target zone).

We are waiting for the price to reach this zone and then we will be looking for a potential bounce or breakdown from there (depending on the market structure development)!

3 oct. 2024

Note

After a magnificent rejection near EMAs, we had a nice downward movement all the way toward the supportive zone.

As of now we have had a nice 14% of marker price movement to lower zones where we still have some room to fall so keep your attention at that support zone!

4 oct. 2024

Note

Ethereum is still seeing the pressure from sellers, where we still have room to fall both on the RSI and Bollinger Bands sides.

We are looking for price to have some kind of touch to support zone after what we expect some kind of recovery to happen so current attention is at that lower zone!