empty
01.11.2023 10:00 AM
Technical Analysis of ETH/USD for November 1, 2023

Crypto Industry News:

Robert Kiyosaki advises his followers on X to prepare for the biggest crash in the history of the world. Noting that some financial experts encourage investing in stocks and bonds (in a 60-40 ratio), he stressed that people who follow this advice will suffer "the biggest losses."

A famous author of books on financial intelligence wrote on the social media platform X that a big crash awaits us:

"SHIP of FOOLS. Forever and ever financial experts have promoted the idea "Smart Investors invest in 60/40 60% bonds 40% stocks. In 2024 60/40 investor will be biggest losers. Before going down with the ship consider a shift to 75% Gold, Silver, Bitcoin 25% real estate/oil stocks," he began his post.

He pointed out that we were sailing on a "ship of fools." This one will start to sink, but you can still buy a lifebuoy. In his opinion, an investment portfolio today should consist of 75% of gold, silver and bitcoins. 25% is worth investing in real estate and/or oil.

"This mixture may allow you to survive the greatest disaster in the history of the world. Good luck!" - added.

Kiyosaki has been recommending investing in gold, silver and bitcoin for a long time. For the first time, however, he shared very specific advice and indicated what percentage of the portfolio to invest in these assets.

Technical Market Outlook:

The ETH/USD pair has bounced back up from a new local low made at the level of $1,787 and keeps trading inside the tight trading range around the level of $1,800. The next target for bears is seen at the level of $1,779, but currently, the bears are again testing the local trend line support. The intraday technical resistance is seen at $1,804. Any violation of the level of $1,755 will open the road towards the key technical support seen at $1,520.

This image is no longer relevant

Weekly Pivot Points:

WR3 - $1,825

WR2 - $1,805

WR1 - $1,794

Weekly Pivot - $1,784

WS1 - $1,773

WS2 - $1,764

WS3 - $1,746

Trading Outlook:

The Ethereum market has been seen making lower highs and lower low since the swing high was made in the middle of the August 2022 at the level of $2,029. This is the key level for bulls, so it needs to be broken in order to continue the up trend. The key technical support is seen at $1,368, so as long as the market trades above this level, the outlook remains bullish.

Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Trading Recommendations for the Cryptocurrency Market on May 28

Bitcoin failed to hold above the $110,000 level, while Ethereum again showed decent growth, fueled by news of a possible significant increase in the gas limit per block

Miroslaw Bawulski 10:04 2025-05-28 UTC+2

Bitcoin Remains Within a Range Conducive to Growth

Yesterday, Bitcoin and Ethereum continued to attract demand from traders and investors, maintaining strong prospects for the continuation of the bullish market. Meanwhile, the International Monetary Fund (IMF) stated that

Jakub Novak 09:36 2025-05-28 UTC+2

Technical Analysis of Intraday Price Movement of Bitcoin Cryptocurrency Pairs, Wednesday May 21, 2025.

On the 4-hour chart of the Bitcoin cryptocurrency, there appears to be a Divergence between the Bitcoin price movement and the Stochastic Oscillator indicator, which indicates that in the near

Arief Makmur 08:39 2025-05-28 UTC+2

Bitcoin: A Bet on $300,000 or a Painful Correction? What's Next for the Market

Bitcoin reached $110,000 but failed to sustain the rally throughout the day, continuing its consolidation. Yet this lull is by no means a sign of exhaustion. Behind the scenes, activity

Ekaterina Kiseleva 00:44 2025-05-28 UTC+2

Bitcoin and Ethereum maintain bullish momentum

Despite a short pause, Bitcoin and Ethereum don't appear to be finished with their upward moves. While Bitcoin slightly pulled back during today's Asian trading session, Ethereum has already broken

Jakub Novak 11:03 2025-05-27 UTC+2

BTC/USD Analysis on May 27, 2025

The wave pattern on the 4-hour BTC/USD chart has become more complex. A corrective downward structure completed its formation around the $75,000 level. After that, a fairly strong upward move

Chin Zhao 10:53 2025-05-27 UTC+2

Trading Recommendations for the Cryptocurrency Market on May 27

Demand for bitcoin and ether has continued early this week. Bitcoin remains above the $109,000 mark, while Ethereum is trying to consolidate above $2,600. Yesterday's news that Strategy once again

Miroslaw Bawulski 08:53 2025-05-27 UTC+2

Bitcoin Holds Above $107,000

Bitcoin has resumed its upward movement and already surpassed the $109,900 level after a solid correction to the $106,000 level over the past weekend. The fact that price held above

Jakub Novak 11:35 2025-05-26 UTC+2

Trading Recommendations for the Cryptocurrency Market on May 26

Demand for Bitcoin and Ethereum returned at the beginning of this week. Bitcoin has broken above the $109,000 level, while Ethereum is attempting to consolidate above the $2,550 mark. Yesterday

Miroslaw Bawulski 09:39 2025-05-26 UTC+2

Bitcoin. May 23rd. Smart Money System Analysis

Bitcoin continues to form a bullish trend structure. One could argue whether there are real reasons for a new bullish trend at the moment, but the chart suggests only that—unambiguously

Samir Klishi 20:04 2025-05-23 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.