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Weekly forecast Ethereum technical chart
Symbol ETHUSD
Trade Setup

#ETHUSD
Total Profit: 480712 point (371%)
Closed trade(s): 70924 point Profit
Open trade(s): 409788 point Profit

Trade Setup:
We opened 12 BUY trades @ 1285.42 based on 'Valley' entry method at 2022-11-30.

Closed Profit:
TP1 @ 1385.45 touched at 2023-01-11 with 10003 point Profit. (8%)
TP2 @ 1500.05 touched at 2023-01-14 with 21463 point Profit. (17%)
TP3 @ 1680.00 touched at 2023-02-02 with 39458 point Profit. (31%)
10003 (8%) + 21463 (17%) + 39458 (31%) = 70924 point (56%)

Open Profit:
Profit for one BUY trade is 1740.74(current price) - 1285.42(open price) = 45532 point (35%)
9 trade(s) still open, therefore total profit for open trade(s) is 45532 (35%) x 9 = 409788 point (315%)

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateMarch 25, 2023 - 12:36
Currentrange bound
Forecastcontinuation of uptrend

Midterm forecast:

  • While the price is above the support 881.55, continuation of uptrend is expected.
  • We make sure when the resistance at 2030.00 breaks.
  • If the support at 881.55 is broken, the short-term forecast -continuation of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 1368.40 on 03/10/2023, so more gains to resistance(s) 1742.95 and maximum to Major Resistance (2030.00) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 55.

Take Profits:

  1. 1385.45
  2. 1500.05
  3. 1680.00
  4. 2030.00
  5. 2488.19
  6. 2724.63
  7. 3146.52
  8. 3580.00
  9. 4140.98
  10. 4493.30
  11. 4868.00
Click on the level to view price action history.

Symbol Released Current Forecast
Ethereum (ETHUSD) new Mon, 17 Jun 2024
Ethereum (ETHUSD) Mon, 10 Jun 2024
Ethereum (ETHUSD) Sun, 2 Jun 2024
Ethereum (ETHUSD) free Sun, 26 May 2024
Ethereum (ETHUSD) Sat, 18 May 2024