Ethereum price has reached the peak of its uptrend again.Is it the sign for the growth to continue?ETH\USD Downward reversal didn’t happen Ethereum price has fortified at $40, the most profitable level for the bulls, for more than a week.This could negatively impact the price if a big seller appeared on the market.The level of $40 is definitely profitable for the majority of the buyers, otherwise, the price wouldn’t have fortified there.That’s why a large number of buy deals have concentrated in that area.But a reversal did not take place.Instead, Ethereum price has formed a new upward flat wave.Exit from flat and continuation of growth It’s too early to speak about the growth continuation.The advantage of the uptrend has surely been preserved and the formation of a $40 - $50 flat instead of a deeper downward correction only confirms that.But for a new upward dash, the market has to break through a large volume of sell orders near the top limit of the flat, at $50.

ETH price has to form an upward reversal wave at that mark.Under such conditions, an exit from that flat and continuation of growth are more likely.Continuation of flat For as long as fortification and reversal do not take place at one of the flat limits, that flat will continue.And if there is no upward reversal at the top limit of $50, the price will once again fall to $40 - $42.ETC/USD The market is getting tense Ethereum Classic price continues fluctuating within a flat.The volume is falling, and the sideway movement is getting progressively narrow.Usually, the longer the flat, the more powerful the exit movement from it.That is caused by the accumulation of larger trading volume.Basically, the movement scale grows with each one of the flat waves and the exit from that flat will be appropriately powerful.More powerful growth After such a protracted flat, ETC price has a chance to revisit its maximum of $3.5, formed last year.For this to happen, we need to see a confirmation in the form of an upward reversal wave, near the top limit of the flat at $2.7 to $2.8.

If the market turns upward at that mark and breaks through the $3 resistance line, Ethereum Classic will have a decent shot at going beyond the level of $3.5.Downward reversal The alternative scenario is a fall towards at least $2.It can happen in the case of a downward reversal wave at the bottom limit of the flat, near $2.6.The lack of reversal structures at the limits of the flat means the lack of advantage of both the bulls and the bears.Most likely scenarios If there’s no reversal at the $50 mark, Ethereum price is most likely to fall back towards $40 to $42.Downward reversal wave at $2.6 may provoke Ethereum Classic price into a more powerful fall at least to $2.Ethereum Vs Ethereum-Classic is producing an endless amount of news and more questions right now.Does ETH need to fork again?What's going on with this replay attack?Putting aside the technical blockchain considerations as well as the philosophical one's, today we take a day trader's perspective to see what the markets are telling us.

The technical setups posted below use simple trend detection, support and resistance, channels, pattern and candle analysis.litecoin discussionWe aim for high-probability trade setups on ETHBTC and ETCBTC and use very few indicators.bitcoin pool without registrationFollowing charts use Poloniex (bulk of ETC liquidity located there) for maximum accuracy.ethereum audThe timeframe for trades is 1 to 7 days.buy litecoin machineEthereum is best traded as a purely speculative commodity on 4h+ timeframes.how to start bitcoin mining nvidiaThis section is an overview of news headlines or events that may affect ETC or ETH.bitcoin pool germany

Since the recent DAO attack and Hardfork “bailout”, market sentiment has been bearish.The price action shows bearish signals as well, I believe that ETH has entered a bear market since the DAO attack.I have highlighted a zone which we feel offers good risk/reward entry zone.There is a potential bear pennant flag forming.The DAO attack selloff printed a recent low of 0.012.With investor confidence at all time lows after the hard fork “bailout”, we should see the ETH price follow soon.If the ETH where to sell off again, we should see a new low of 0.01 BTC.ETH price is currently at 0.0193.ETC looks to be holding the 23% Fibonacci level very well, the price has seemed to leveled out since the Poloniex launch.Its also worth noting that ETC had a huge 140,000BTC volume day, this is the most volume that Ethereum has ever seen (ETH’s largest volume day was 100,000 BTC).With limited price data, ETC has yet to establish solid support and resistance levels.By using the Fibonacci tool and the established high and low range (0.01 - 0.0001)  we can estimate where the support and resistance levels may be.

With the market sentiment being positive on ETC, and the recent record breaking volume day, I believe that ETC will soon test the previous highs of 0.01.ETC price is currently at 0.0025.Based on market sentiment and price activity, I believe ETH will see some more downside and ETC will see another rally.Ultimately I believe ETH and ETC will reach price parity at 0.01BTC.Please note any trade in both Ethereum chains is risky at the present time due to recent developments.Disclaimer: The information presented in this article is general information only.Information provided on, and available from, this website does not constitute any investment recommendation.Update: Changed error stating Stampery 'dropped ETC'.Changed to state 'dropped ETH' and added link.Ethereum price is still traded inside the $75 to $95 flat.Its recent increase could have been caused by the news from the ConsenSys developers.The powerful fall in the price from the top level of $95 has disrupted the structure of stable growth.

That’s why further growth from the $75 limit has been mostly flat-like.However, the recent publishing of p2p-exchange called Swap by the developers of ConsenSys could have been the cause for the new increase in price.As we can see on the sideway diagram, the volume of buy orders is much higher between $87 and $95.That is indicated by the green color, which basically overwhelms yellow, which is sell volumes.Also, if we take a look at the buy stop orders in the order book, their volume is significantly higher than that of the sell orders.Consequently, the advantage is currently held by the buyers.If this advantage stays there, the maximal peak of the correction will be around $87.If the Ethereum price goes down to that mark, the chances of the growth resuming will be high.A large seller can take advantage of the current situation and keep selling Ethereum right until the level of $75.In order for this scenario to work, we need to pass the $87 mark.After reaching that area, we may start making more confident predictions.

Growth will be less likely if the price forms a downward reversal at that level.That is because some traders who have bought between $87 and $95 will be more likely to start selling, in order to close their deals with minimal losses.Ethereum Classic price continues its rebound towards long-term growth.The limits of the ETC\USDT flat have been defined at $5 and $7.These levels will be decisive for the future development of the trend.That’s because they are essentially the levels of highest demand and supply for the current trend.The larger flat of $5 to $7 has a smaller flat formed inside itself, with the limits of $6 and $7.The bottom diagram is immediately indicative of the growth of the volume of buy orders from the level of $6.Similar growth can be seen several more times.If the situation doesn’t change, the new rebound will be followed by another period of growth.The peak of this rebound can be detected by looking at the buy stop orders.The volume of buy stop orders between $5.8 to $6.2 is much higher than that of sell orders.