Free Ethereum (ETH) Technical Analysis Signals | Free Crypto Technical Analysis Signals | 17 Jun

Overal Signals
Buy
Signals
Buy Hold Hold Neutral
Last Update / Period
17 Jun / Daily
Category/Currency
Crypto/USD
Exchange/Country
CCC/--

Ethereum (ETH) signal with technical analysis on 17 Jun

On May 5, 2023, we conducted a comprehensive technical analysis of Bitcoin, considering 256 signals with intricate details. Here are the key findings: 75 suggested buy signal strategies, while 99 indicated sell signal strategies. The remaining 82 strategies remained neutral without providing any specific signal.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's delve into the details of each strategy:

Strategy 1:
Buy Signals: 32
Sell Signals: 12
Neutral Signals: 20
Result: This strategy leads to a Buy position.

Strategy 2:
Buy Signals: 14
Sell Signals: 31
Neutral Signals: 19
Result: This strategy leads to a Hold position.

Strategy 3:
Buy Signals: 13
Sell Signals: 30
Neutral Signals: 21
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 16
Sell Signals: 26
Neutral Signals: 22
Result: This strategy leads to a Neutral position.

Overal Strategy :
Buy Signals: 75
Sell Signals: 99
Neutral Signals: 82
Result: This strategy leads to a Buy position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are solely based on daily price changes and do not take external factors such as news, market sentiment, or company developments into account. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your Ethereum (ETH) investments, we strongly recommend visiting the "Magic Analysis" technical analysis website. They also provide signals for free, and if a signal aligns with ours, it's likely to be a reliable and valid indicator, as we've seen over time.


BBResult: Looking at the technical analysis for Ethereum (ETH) on th, it appears that there is a tendency toward a buy signal based on historical data and analysis. However, it's essential to remember that these signals are not guarantees, and making investment decisions should be done carefully. It's important to consider the overall market conditions and how your choices align with your specific investment goals.


According to the above signals, we recommend the following methods:

Ethereum (ETH) trading strategy for those who are in buy positions (long positions): If you are currently in a buy position (long position), Holding your position may be the right strategy based on our signals. However, always be careful and monitor market developments closely.

Ethereum (ETH) trading strategy for those who are in sell positions (short positions): If you are currently in a sell position (short position), It is recommended to choose the optimal time to exit the current position based on the combination of our signals. If you have a high risk tolerance, wait for the market to move in the coming days.

For new positions: If you are not currently in the market or are considering switching to a buy position (long position), it is recommended that you consider the projected price range. This range represents a potential upside of 13.03%, determined by the highest predicted price. However, before deciding to initiate a buy position (long position), it is important to be careful and do thorough research to ensure that it fits your risk tolerance and investment goals.

In all your trading endeavors, the implementation of a well-defined stop loss strategy is paramount to manage potential downside risks effectively.

Useful Tips 2:, for those interested in long-term forecasting, we suggest utilizing the "predict-price" website, which offers both short-term and long-term predictions for free. This can help you make well-informed decisions for your Ethereum (ETH) holdings.

Ethereum (ETH) Price Analysis and resistance Levels:

Given our current long position in Ethereum (ETH), analyzing key resistance levels is crucial to better guide the cryptocurrency's price movement. These resistance levels serve as important benchmarks for our strategy and we will explore multiple scenarios to provide a comprehensive outlook.

First resistance level (3678.79):
The primary hurdle we face is the 3678.79 price tag. If the prevailing trend remains unchanged, it is quite possible that Ethereum (ETH) could break above this level. This will be a promising indicator of its strength and potential for further achievements.

Second resistance level (4092.284):
If the upward trend shows significant strength, we may see Ethereum (ETH) cross the second resistance level of 4092.284. This milestone represents a significant upside move and may indicate a promising direction for our position.

It's crucial to remember that these resistance levels should be looked at closely and understood in the context of overall market trends and indicators. To make well-informed decisions while trading Ethereum (ETH), it's essential to stay alert and keep analyzing the market consistently. This will be valuable as we navigate the ever-changing world of Ethereum (ETH) trading. By paying attention to these resistance levels and considering broader market dynamics, you can make smarter trading choices and adapt to the dynamic nature of this market.

Ethereum (ETH) technical analysis chart

Ethereum (ETH) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 3678.79 4092.284 -- -- --
Support 2137.445 2026.205 1624.138 1523.238 1081.138
Ethereum (ETH) price movement in the coming days

Ethereum (ETH) signals list for 17 Jun

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Ethereum (ETH) technical analysis over the past days

# Date Overal Signals ALL Signals
1 16 Jun Buy BuyHoldHoldNeutral
2 15 Jun Hold NeutralHoldHoldHold
3 14 Jun Hold HoldHoldHoldHold
4 13 Jun Hold HoldHoldHoldHold
5 12 Jun Hold HoldHoldHoldHold
6 11 Jun Hold HoldHoldHoldHold
7 10 Jun Sell HoldHoldHoldSell
8 09 Jun Hold HoldHoldHoldNeutral
9 08 Jun Hold HoldHoldNeutralNeutral
10 07 Jun Sell SellSellSellNeutral
11 06 Jun Hold NeutralNeutralNeutralHold
12 05 Jun Buy BuyBuyNeutralHold
13 04 Jun Buy NeutralNeutralHoldHold
14 03 Jun Hold NeutralNeutralHoldHold
15 02 Jun Hold NeutralNeutralHoldHold
16 01 Jun Hold NeutralNeutralHoldHold
17 31 May Hold NeutralNeutralHoldHold
18 30 May Sell SellHoldHoldHold
19 29 May Hold NeutralHoldHoldHold
20 28 May Hold HoldHoldHoldHold
21 27 May Hold HoldHoldHoldHold
22 26 May Buy BuyHoldHoldHold
23 25 May Hold NeutralHoldHoldHold
24 24 May Hold NeutralHoldHoldHold
25 23 May Hold HoldHoldHoldHold
26 22 May Hold HoldHoldHoldHold
27 21 May Hold HoldHoldHoldHold
28 20 May Buy HoldBuyBuyBuy
29 19 May Neutral HoldNeutralNeutralNeutral
30 18 May Hold HoldHoldNeutralNeutral

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