Buy Bitcoin here
  • Crypto
    • Bitcoin News
    • Ethereum
    • Altcoin
    • Blockchain
    • Blockchain Companies
    • Cryptocurrency Exchanges
    • DeFi
    • Regulation
    • Press Release
    • ICO News
      • ICOs Review
      • Upcoming ICOs
      • Scam
  • Education
    • CryptoTicker Starter Kit
    • Blockchain For Dummies
    • Crypto entrepreneurs
    • Free Resources
    • Events
    • Events Review
  • Prices
  • Exchange Comparison
  • Newsletter subscribe

  • News

    • Bitcoin News
    • Altcoin
    • Regulation
    • Blockchain Companies
    • Blockchain
    • Cryptocurrency Exchanges
  • News

    • Ethereum
    • Events Review
    • ICO News
    • Press Release
  • Education

    • CryptoTicker Starter Kit
    • Education
    • Blockchain For Dummies
    • Crypto entrepreneurs
    • Free Resources
    • Events
  • Cryptoticker

    • About us
    • Advertise
    • Media Kit
    • Submit your Press Release
    • Contact
    • Membership Login
  • Social Media

    Facebook
    Twitter
    Telegram
    Youtube
    • Newsletter
  • Crypto
    • Bitcoin News
    • Ethereum
    • Altcoin
    • Blockchain
    • Blockchain Companies
    • Cryptocurrency Exchanges
    • DeFi
    • Regulation
    • Press Release
    • ICO News
      • ICOs Review
      • Upcoming ICOs
      • Scam
  • Education
    • CryptoTicker Starter Kit
    • Blockchain For Dummies
    • Crypto entrepreneurs
    • Free Resources
    • Events
    • Events Review
  • Prices
  • Exchange Comparison
Starter Kit Membership Search
English
English Deutsch
Menu
Search


Ethereum Ethereum TradingView

Ethereum crash tops 13% – is this the END of the UPTREND?

Posted On February 23, 2021 Rudy Fares 0

  • share 
  • share 
  • share 
  • tweet 
  • share 
  • share 

The recent cryptocurrency market crash had a big impact on the overall market cap, which lost around 150 billion within 24 hours. This comes after an anticipated Tweet from Elon Musk disowning Bitcoin. In turn, Ethereum crashes more than 13%. What drove this specific crash and what will happen to Ethereum prices?

Ethereum Crash – A Heavy Retracement

Prior to that current crash, Ether was going up on a steady and solid uptrend, coupled with good technicals and fundamentals. In figure 1, we can clearly see a that black uptrend line. It all started when prices went lower than that uptrend line and failed to gain the momentum upwards.

ETH/USD 2-Hour chart showing a clear break in the uptrend
Fig.1 ETH/USD 2-Hour chart showing a clear break in the uptrend – TradingView

Prices in fact fell all the way from a high of USD 1,800 al the way to the USD 1,440 price level, which in fact represent a VERY IMPORTANT area. In figure 2, we can see how this importance is apparent, and how it previously represented a strong support and resistance areas for more than 5 times already, in a span of 1 month.

ETH/USD 2-Hour chart showing the important area of USD 1,440
Fig.2 ETH/USD 2-Hour chart showing the important area of USD 1,440 – TradingView

The Importance of ZOOMING OUT

Looking back at figures 1 and 2, one cannot but enter a FUD state of mind and start selling everything. In fact, this is the main reason why most traders and investors lose money, and they get so emotional, that they fail to look at the bigger picture, and zoom out. Take a look at figure 3…Does this look like a downtrend? Does this portray Chaos? Not really. In fact, when prices have a similar behavior upwards, we deem it normal, but when the same thing happens downwards, it’s out-of-the-ordinary.

ETH/USD 1-Day chart showing the Bigger picture of the "crash"
Fig.3 ETH/USD 1-Day chart showing the Bigger picture of the “crash” – TradingView

Stay Ahead, Stay Updated
Rudy Fares

Correction Day is HERE! Should you Sell or start Buying Cryptos?

  • share 
  • share 
  • share 
  • tweet 
  • share 
  • share 

It is super easy to buy Ethereum. Just take a look at our exchange comparison!

 

 

Follow us on Social Media and subscribe to our free crypto newsletter!

@Telegram
@Instagram
@Twitter 
@TikTok
@Facebook

Diskutiere mit uns!

About Trading @CT Trader
About Crypto in general @CT Inside

This post may contain promotional links that help us fund the site. When you click on the links, we receive a commission - but the prices do not change for you! :)

Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.

Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future. 

#crypto crash#Ether#Ethereum#ethereum price#market correction#market crash



You might also like

Bitcoin Bitcoin News Crypto CRYPTOCAP TradingView

Correction Day is HERE! Should you Sell or start Buying Cryptos?
February 23, 2021
Crypto Ethereum Ethereum TradingView

Will Ethereum price hit USD 2,000 before MARCH 2021?
February 19, 2021
Bitcoin Crypto Ethereum TradingView XRP

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Market briefly corrects, but bulls buy the dip
February 11, 2021

More from Ethereum

CME Ethereum Futures To Launch Monday 8, Will it Help ETH Price?
Posted On February 7, 2021 Robert Weiss 0

Ethereum price hit a new all-time high at $1,760 ahead of its Futures launch this Monday. The CME Group that …

Ethereum Price Prediction: Does ETH insanely high gas fees kill its chances to reach $2,000?
Posted On February 6, 2021 Robert Weiss 0

One of the biggest issues with Ethereum, perhaps the most significant is the high gas fees whenever there is a …

Bitcoin vs. Ethereum: Should You Buy Ethereum or Bitcoin?
Posted On February 4, 2021 Prasanna 0

The question is should you buy ETH or BTC? Let's take a look at it in more detail.

In order to support and motivate the CryptoTicker team, especially in times of Corona, to continue to deliver good content, we would like to ask you to donate a small amount. Independent journalism can only survive if we stick together as a society. Thank you


  • Top Broker

    Bybit
    bybit
    Review · Visit
    Plus500
    Plus500
    Review · Visit

    Top Exchanges

    Kraken
    Kraken
    Review
    Coinbase
    Coinbase
    Review · Visit
  • Newsletter subscription




  • News

    • Bitcoin News
    • Altcoin
    • Regulation
    • Blockchain Companies
    • Blockchain
    • Cryptocurrency Exchanges
  • News

    • Ethereum
    • Events Review
    • ICO News
    • Press Release
  • Education

    • CryptoTicker Starter Kit
    • Education
    • Blockchain For Dummies
    • Crypto entrepreneurs
    • Free Resources
    • Events
  • Cryptoticker

    • About us
    • Advertise
    • Media Kit
    • Submit your Press Release
    • Contact
    • Membership Login
  • Social Media















    Newsletter


  • Imprint
  • Privacy Policy
  • Non-liability Disclaimer
©2021 CryptoTicker

Share

Share stories you like to your friends