Row 7794

Row ID: 7794 | Dataset Entry | Axioma AXP Content Repository

Content Data

This page contains data entry 7794 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

https://preview.redd.it/i4do5r31o01d1.png?width=1613&format=png&auto=webp&s=f1358907e007d0ac3067f75bc9f73af2c0ce36d6

***Disclaimer: The analysis provided here is for informational purposes only and should not be construed as financial advice. Trading crypto involves significant risk, and past performance is not always indicative of future results. It's important to do your own research and consult with a qualified financial advisor before making any investment decisions. I do not guarantee the accuracy or completeness of the information provided, and shall not be held liable for any losses which result from the use of this analysis.***

---

It seems that ETH continues the uptrend that started earlier this month, showing resilience. Bullish momentum returns.

From May 13 to May 15, ETH could not break past the strong resistance level at $2,995. The selling pressure was too high, with short sellers betting against it in mass. This prevented it from reaching the key level of $3,000.

During the same period, the support level was $2,865. The range between the support of $2,865 and the resistance of $2,995, gave a great margin of profit for swing traders, proving once again that ETH is a highly profitable tradeable asset.

On May 15, the resistance ($2,995) was finally broken, starting an uptrend that peaked at $3,041, on May 16. After this peak, a short-term downtrend started. ETH dropped to a low of $2,925, which was yesterday's support level. The fact that May 16's support level of $2,925 was higher than the previous support of $2,865, indicates a bullish momentum, possibly hinting at a full recovery.

Today, May 17, ETH not only managed to break past yesterday's peak of $3,041, but also got a squeeze going all the way up to a daily high of $3,118.

Current data shows us that the new support level is at $3,015. So far, the daily resistance seems to be at $3,120.

Expect a lot of volatility in the next few days, especially near the ETF decision announcement. But overall, ETH's current (general) uptrend and positive market sentiment indicate a potential for more gains.

At the time of writing, ETH is trading at $3,100, up +5.0% in 24 hours, +5.6% in a week and +3.0% in a month. This implies that a full recovery is being established. 24-hour trading volume corresponds to approximately $14.7 billion.

Note: This data is based on the charts from ETH/USDT on Uniswap, so slight differences in value may exist, when compared to other exchanges.

FieldValue
text https://preview.redd.it/i4do5r31o01d1.png?width=1613&format=png&auto=webp&s=f1358907e007d0ac3067f75bc9f73af2c0ce36d6 ***Disclaimer: The analysis provided here is for informational purposes only and should not be construed as financial advice. Trading crypto involves significant risk, and past performance is not always indicative of future results. It's important to do your own research and consult with a qualified financial advisor before making any investment decisions. I do not guarantee the …
label r/ethtrader
dataType post
communityName r/ethtrader
datetime 2024-05-17
username_encoded Z0FBQUFBQm5LakwzTVVXUG02YmlnbEY1Umg0UWZwNUE3SjhUNG1ZVHVNMjFwdWZQbWNUZkh2ZDNQQzhjeWJiUUtGZ09qQlVhZ2xfay1oYWFyLU5mRDhKNDNsbzJmTGNteW1TMy1qbFBCcXBUb3luWWZaSnJqaDg9
url_encoded Z0FBQUFBQm5Lak9IWGxXNms3c0RyRVgydm9BM2V5MlhlQ0dNa1BKaXlsWE5RUDlsMlR3cXpXNkFpYWVvVkpWU3Vhamg3M1JHdFFqM2ItSzJhWmRQeG4tSmhUWXNPYjZlZUVYcEY1Q09HZ2pQZHhzc1JlNGF1QjZ3LWU4VFhQcElGQW9fTGhqYWQyc2d2UXVDdEZpaDNWcXFhWU5OdzRSX2NHTEpVclpBWThfNlBRNVdJQnJfOGEzNHAxOFd1Z1Q4X19uWFF3Mkg5YWpRX3ROWFE4VUxhWE5jelNVS3ZsRF92dz09

Raw Record

{
  "text": "https://preview.redd.it/i4do5r31o01d1.png?width=1613&format=png&auto=webp&s=f1358907e007d0ac3067f75bc9f73af2c0ce36d6\n\n***Disclaimer: The analysis provided here is for informational purposes only and should not be construed as financial advice. Trading crypto involves significant risk, and past performance is not always indicative of future results. It's important to do your own research and consult with a qualified financial advisor before making any investment decisions. I do not guarantee the accuracy or completeness of the information provided, and shall not be held liable for any losses which result from the use of this analysis.***\n\n---\n\nIt seems that ETH continues the uptrend that started earlier this month, showing resilience. Bullish momentum returns.\n\nFrom May 13 to May 15, ETH could not break past the strong resistance level at $2,995. The selling pressure was too high, with short sellers betting against it in mass. This prevented it from reaching the key level of $3,000.\n\nDuring the same period, the support level was $2,865. The range between the support of $2,865 and the resistance of $2,995, gave a great margin of profit for swing traders, proving once again that ETH is a highly profitable tradeable asset.\n\nOn May 15, the resistance ($2,995) was finally broken, starting an uptrend that peaked at $3,041, on May 16. After this peak, a short-term downtrend started. ETH dropped to a low of $2,925, which was yesterday's support level. The fact that May 16's support level of $2,925 was higher than the previous support of $2,865, indicates a bullish momentum, possibly hinting at a full recovery.\n\nToday, May 17, ETH not only managed to break past yesterday's peak of $3,041, but also got a squeeze going all the way up to a daily high of $3,118.\n\nCurrent data shows us that the new support level is at $3,015. So far, the daily resistance seems to be at $3,120.\n\nExpect a lot of volatility in the next few days, especially near the ETF decision announcement. But overall, ETH's current (general) uptrend and positive market sentiment indicate a potential for more gains.\n\nAt the time of writing, ETH is trading at $3,100, up +5.0% in 24 hours, +5.6% in a week and +3.0% in a month. This implies that a full recovery is being established. 24-hour trading volume corresponds to approximately $14.7 billion.\n\nNote: This data is based on the charts from ETH/USDT on Uniswap, so slight differences in value may exist, when compared to other exchanges.",
  "label": "r/ethtrader",
  "dataType": "post",
  "communityName": "r/ethtrader",
  "datetime": "2024-05-17",
  "username_encoded": "Z0FBQUFBQm5LakwzTVVXUG02YmlnbEY1Umg0UWZwNUE3SjhUNG1ZVHVNMjFwdWZQbWNUZkh2ZDNQQzhjeWJiUUtGZ09qQlVhZ2xfay1oYWFyLU5mRDhKNDNsbzJmTGNteW1TMy1qbFBCcXBUb3luWWZaSnJqaDg9",
  "url_encoded": "Z0FBQUFBQm5Lak9IWGxXNms3c0RyRVgydm9BM2V5MlhlQ0dNa1BKaXlsWE5RUDlsMlR3cXpXNkFpYWVvVkpWU3Vhamg3M1JHdFFqM2ItSzJhWmRQeG4tSmhUWXNPYjZlZUVYcEY1Q09HZ2pQZHhzc1JlNGF1QjZ3LWU4VFhQcElGQW9fTGhqYWQyc2d2UXVDdEZpaDNWcXFhWU5OdzRSX2NHTEpVclpBWThfNlBRNVdJQnJfOGEzNHAxOFd1Z1Q4X19uWFF3Mkg5YWpRX3ROWFE4VUxhWE5jelNVS3ZsRF92dz09"
}
Explore Dataset Explore Row

Entry Information