This chart shows the Ethereum logarithmic regression bands on the 1-week chart, all the way back to 2015 when it was launched.
Ethereum Logarithmic Regression Bands Chart Info
The logarithmic regression bands chart is used to estimate long-term price trends.
Chart Explained
The chart above helps with finding the bottom of the market.
- The middle line (blue) is the logarithmic regression line.
- Upper and lower lines (purple and green) provide a range around the main trend.
Bonus Chart
Here’s another version of the Ethereum logarithmic regression bands chart. This chart better shows both the upper and lower bands.
Bonus Chart Explained
- The upper band (red) shows the resistance.
- The lower band (green) shows the support.
Analysis
I like the bottom chart better because it shows 2 bands. This is a good chart to use for Ethereum long-term buying and selling opportunities. Keep this indicator in your toolbox.
If you’re looking for these indicators on Tradingview. Search for “Ethereum logarithmic regression bands.” Here’s the link to this exact chart I use on Tradingview.
Hunting the Bottom for Ethereum?
Ethereum price levels to watch for:
- $1600
- $1250
- $950
*Listed by highest probability 1st. Anything below $1600 is a fabulous buying opportunity in my book.
With Ethereum, I’m a bear for the rest of the year. At least until the 4th quarter. Stay patient, the deals will come.
