【Top 10 Crypto Traders’ Highlights Today | ETH August 5】
No beating around the bush—the conclusion is: ETH will first consolidate and pull back in the short term, then move higher. As long as 1850 hasn’t been broken down effectively, don’t chase a short. The first target above is 1950; after it holds, look toward 2000.
ETH is currently around 1871. Why make this call?
1) Michaël van de Poppe (@CryptoMichNL) believes ETH has held the key support at 1800. Next, it will attempt to break above 2000, and only after that would it have the qualification to talk about 2300—2500.
2) Daan Crypto Trades (@DaanCrypto) points out that since June, ETH has still been in a bullish structure, but recently it has been stuck in the 1850—1950 range. 1950 is the threshold that opens up upside room, while 1850 is the level bulls must hold.
3) Cheds Trading (@BigCheds) reminds that ETH/BTC is cooling down. ETH/BTC is around 0.02911 right now, indicating ETH is not yet strong enough to rise independently all the way. During the rally, price will most likely bounce back and forth repeatedly.
Based on real-time data (editorial scenario): ETH is about 1871, the 4H EMA20 is about 1868, and the EMA50 is about 1876. Price is above the short moving averages, but it hasn’t truly gotten rid of the pressure around 1876 yet—so for now, we only watch one route:
Around 1870, it will likely keep ranging first. Then pull back to complete confirmation at 1860—1850, before testing 1900 and 1950 upward. After 1950 holds, then look to 2000.
Invalidation conditions for this route: a valid 4H breakdown below 1850, and the rebound can’t reclaim 1860. If this signal appears, don’t rush to bottom-fish first; next, be cautious around 1820 and 1800.
Grid trading can be built around 1850—1950, but reduce position sizes near the range edges—don’t use overly high leverage. This is a scenario/path forecast for the market, not a guaranteed-sure signal.
Do you think ETH will hit 1950 first this time, or will it fall back to 1850 first?
#BTC #ETH #BNB
No beating around the bush—the conclusion is: ETH will first consolidate and pull back in the short term, then move higher. As long as 1850 hasn’t been broken down effectively, don’t chase a short. The first target above is 1950; after it holds, look toward 2000.
ETH is currently around 1871. Why make this call?
1) Michaël van de Poppe (@CryptoMichNL) believes ETH has held the key support at 1800. Next, it will attempt to break above 2000, and only after that would it have the qualification to talk about 2300—2500.
2) Daan Crypto Trades (@DaanCrypto) points out that since June, ETH has still been in a bullish structure, but recently it has been stuck in the 1850—1950 range. 1950 is the threshold that opens up upside room, while 1850 is the level bulls must hold.
3) Cheds Trading (@BigCheds) reminds that ETH/BTC is cooling down. ETH/BTC is around 0.02911 right now, indicating ETH is not yet strong enough to rise independently all the way. During the rally, price will most likely bounce back and forth repeatedly.
Based on real-time data (editorial scenario): ETH is about 1871, the 4H EMA20 is about 1868, and the EMA50 is about 1876. Price is above the short moving averages, but it hasn’t truly gotten rid of the pressure around 1876 yet—so for now, we only watch one route:
Around 1870, it will likely keep ranging first. Then pull back to complete confirmation at 1860—1850, before testing 1900 and 1950 upward. After 1950 holds, then look to 2000.
Invalidation conditions for this route: a valid 4H breakdown below 1850, and the rebound can’t reclaim 1860. If this signal appears, don’t rush to bottom-fish first; next, be cautious around 1820 and 1800.
Grid trading can be built around 1850—1950, but reduce position sizes near the range edges—don’t use overly high leverage. This is a scenario/path forecast for the market, not a guaranteed-sure signal.
Do you think ETH will hit 1950 first this time, or will it fall back to 1850 first?
#BTC #ETH #BNB