Continuing with the incredible TA project for Uptrennd members that I have the honor to carry out in collaboration with @RomanaGrubesic, the votes were very clear when choosing the ETH/USDT pair in Binance with more than 15 votes for this coin that has so much popularity within the crypto space and that has given life to many others used in great projects as is the case of our beloved Uptrennd community :)





Voting results:

Here it is how community voted:









Others include tokens you have been voting for but are not ETH or 1 UP (those 2 are in top 2). These tokens are:



DAI



EThos



Cosmos



Rapids



BTC



BNB











ETH seen from the temporality of 1W we can observe how the price is forming a double floor reversal pattern in the zone of demand located in the 155.65 indicated in the graph by the lower horizontal black color, where the previous candle has marked a lower test wick on support, signal buying pressure, we see how the candle structure is kept above the support diagonally delimited by the diagonal dark blue diagonal of the major figure, it is very possible that the price manages to close above the current consolidation to go in search of the resistance indicated in the graph above by the red diagonal located between 200 - 212, In order to achieve the break the price should continue to rise until the reaction to reach the key resistance located within the price range of 259 - 269 and which coincides with the possible resistance test of the major figure, it is necessary for the price to claim the 260 to look for a close above $300.









ETH seen from the temporality of 1D we can observe more closely the current movement of candles, we see how the price has come to form a series of LL to form a double floor on the diagonal support indicated on the chart with the diagonal dark blue, this has caused the momentum in the price where the current series is forming a symmetrical triangle, this is a continuation pattern so we should see a next bullish leg as a result of this pattern, the move should look for the breaking of the resistance in red diagonal and then look for the area of supply located within the price range of 259 - 269, I have marked this point with a yellow circle because this will be an important point to determine the next move.





Basic info:



Total supply :108,382,582.59 Ether



2 top miners by block are Ethermine and Spark Pool with more than 50%



Interesting (and expected) news: Eth node tracker showed a rise of 355% in the last 7 days in China. In the last 24 h, that rise stabilized, keeping China at 2nd place.



ETH holds 2nd place on Coinmarketcap



ETH reached its peak price in the mid Jan 2018; it was between 1400$ and 1500$ (depending on exchange). Current price is moving around 180$







ETH is listed on many exchanges, and price can be different up to 10%. At the moment, the lowest price is $164.41 and highest 205$, but since those two exchanges do not have huge volume, you can forget about swing trading :)

In the mid of 2017. Crowdsales brought peak of 1.9M ETH spent, while one year later it was around 200k ETHs. MAjority of tokens on Ethereum are ERC-20 and there are more than 40k tokens.

First 26 exchanges with 52% of overall volume are all trading with volume between 1 and 3.9%.









Trading pairs for ETH are also one interesting thing to look at, also as expected-USDT leads:













In the image above taken from coinmarketcap we can see a strong accumulation within the range of price and time that we see indicated within the red box, the bulls have been very strong in that area to prevent a fall of the price below 160, where in spite of the strong fall and accumulation that BTC had before the current movement where it tested the 10347, ETH managed to keep above the 160 thus achieving a rapid movement towards the 197, this speaks very well of the intention of traders for the next movement, it is only a matter of time for the price to "explode" in an upward movement behind BTC.





In conclusion, ETH usually follows very well the movement of BTC, therefore, the probabilities of a close bullish movement are very high, currently the price still has to leave the lower figure in the 200 - 210 to continue with a next movement towards the price range of 259 - 269, where the price should find strong resistance that causes a retrocession before the possible break of the major figure and recovery of the support located in the 300 which is the monthly offer, if you get it, the price would have the free way to go in search of our profit objectives in the medium or long term, the first objective is located within the price range of 471 - 507, while the second objective is located within the price range of 671 - 712, both objectives are indicated in the first graph above where I have also pointed out the possible trajectory of the price before the possible break of the blue diagonal, therefore, I recommend to follow very closely the action of the price in 1D and always remember to place your stop loss to avoid possible invalidations during the movement.





To encourage everyone to participate in the comments, we want to give 50 1UP to the best comment ;)