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ETHUSDT.1DIn this technical analysis of the Ethereum (ETH)/USDT daily chart on Binance, we are reviewing the primary technical indicators and price structures that might influence Ethereum's price movements in the near future. Price Action and Support/Resistance Levels The current price of ETH is approximately $3,042.48, showing a recent decline of about 1.93%. The chart identifies critical resistance (R1, R2, R3) and support levels (S1, S2, S3). The highest recent resistance is at $4,371.66, and support levels are situated at $3,293.19, $2,874.64, and $2,112.62. These levels are instrumental in determining potential turning points or consolidation zones in the market. Technical Indicators MACD (Moving Average Convergence Divergence): The MACD line below the signal line and a negative histogram suggest a bearish momentum is currently prevailing. The decreasing histogram height also indicates that the bearish momentum may be losing strength, which could mean a potential stabilization or reversal of the price movement soon. RSI (Relative Strength Index): The RSI stands at approximately 55, indicating a neutral market condition. This level suggests that while the market is not in overbought or oversold territory, there is still room for either bullish or bearish developments depending on broader market cues. Chart Patterns The chart shows Ethereum in a descending channel pattern, indicating a potential continuation of the bearish trend if the upper boundary of the channel holds as resistance. The next key observation will be whether the price tests and respects the S1 support level, which could lead to a rebound towards R1. Conclusion Considering the present indicators and the price behavior within the descending channel, Ethereum appears to be navigating a bearish phase with the potential for testing further support levels, particularly if the current support at S1 fails to hold. The bearish MACD suggests caution, but the neutral RSI provides a slight buffer, indicating that not all bullish momentum is lost. Traders should watch for potential rebounds at major support levels or a break above the channel as signals for a trend reversal. As with any trading strategy in such volatile markets, setting stop losses and monitoring key resistance and support flips are advisable to manage risks effectively.
Short
by MarsSignals
How to Get into an Entry after the setup is passedIn the world of investing, it is not uncommon to come across a missed trade setup that tempts investors to make impulsive decisions. However, it is important to remain disciplined and avoid falling into the trap of #FOMO (Fear Of Missing Out). For instance, if an investor misses a trade setup on Ethereum ( CRYPTOCAP:ETH ), instead of rushing in with a full position, a more prudent approach would be to enter with half the intended position. This allows the investor to participate in the trade while minimizing the risk of committing too much capital at once. Once the initial entry is made, it is crucial to implement a strategy known as Dollar Cost Averaging (#DCA). This involves gradually increasing the position size by buying more ETH over time. By using DCA, investors can mitigate the impact of short-term market volatility and avoid making rash decisions based solely on emotions. To effectively implement DCA, it is important to maintain the original stop loss level. This means that even if the price of ETH decreases after the initial entry, the stop loss order should remain at the predetermined level. By sticking to this plan, investors can ensure that their risk management strategy remains intact and that they do not expose themselves to unnecessary losses. In summary, when faced with a missed trade setup on ETH, it is crucial to resist the urge to FOMO in with a full position. Instead, entering with half the intended position and utilizing Dollar Cost Averaging can provide a more measured and disciplined approach. By maintaining the original stop loss level throughout the process, investors can enhance their risk management and increase their chances of success in the long run.
Education
by XTradeSetup
Altcoins Still In A Bear Market? This Indicator Says YESIn this analysis I want to take a look at an indicator that is not often mentioned, but can say a lot of interesting things about the current state of the market. Note: we only have a population of 2 (N=2) to look at and deduce information from, so take it with a grain of salt. The indicator in question is the value of TOTAL3 (total crypto marketcap minus ETH and BTC) divided by the price of Bitcoin (BTCUSD). This indicator measures the strength of altcoins compared to BTC. In other terms: Indicator goes up = altcoins outperforming BTC, often during altseasons. Indicator goes down: BTC outperforming alts, often during bear markets. In the last 6 years there have been 2 strong alt seasons, which occured at a later stage during the Bitcoin bull-market. The indicator touched the bottom support and shot all the way up towards the top resistance. This caused a massive bull-run in alts, where many did a 10x or more in a matter of weeks. Looking at the past, it seems that there's still more value to be lost in alts relative to Bitcoin. Assuming we have to touch the bottom support, of course. Furthermore, nothing about this chart suggests that altcoins are a good investment at the moment. They're only losing more value against BTC, even during the latest move from 30k > 70k. For now, I'd put an alarm around the bottom support. Once the indicator touches that area it's historically an AMAZING time to switch your Bitcoin to alts. Happy to hear your thoughts!
CRYPTOCAP:TOTAL3Short
by FieryTrading
10
ETH. Weekly trading levels 10.06.2024 - 16.06.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post. ! Please note that brokers have a difference in quotes, take this into account when trading. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade. Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!
CRYPTO:ETHUSD
by Forex_Hoby
Potential bullish rise?ETH/USD is currently reacting off a support level which is a pullback support and could rise to our take profit. Entry: 3,441.08 Why we like it: There is a pullback support level. Stop loss: 3,331.30 Why we like it: There is a pullback support level which aligns with the 136.2% Fibonacci extension. Take profit: 3,661.18 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:ETHUSDLong
by VantageMarkets
Ethereum at the edge of dump Year VWAP VAH was at 3645 (same as March close) - ETH dipped below it and yesterday went up for bearish re-test, where it got rejected. That hugely increase chances for further retracement towards breakout level around 3260-3340 at least. Year VWAP is around 3123 and act as high timeframe magnet for the price. By the time ETH gets to it, most probably it will rise higher and meet the zone I've mentioned above. ETH ETF will be approved by the end of this summer, so long term I stay bullish. The only question, is where to buy. Zone of interest for me starts under 3400 and I will monitor price action there to catch that bottom (after lower timeframe confirmation of course).
Short
by WiseAnalyze
Falling towards a pullback support, could it bounce from here?Ethereum (ETH/USD) is falling towards the pivot which acts as a pullback support and could potentially bounce to the overlap resistance. Pivot: 3,442.46 1st Support: 3,323.12 1st Resistance: 3,657.27 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:ETHUSDLong
by ICmarkets
ETH - 4H more correctionIn the 4-hour timeframe, Ethereum's recent upward movement was a classic pullback after failing to hold its previous support level. This pullback reached the resistance zone around $3,600, which acted as a significant barrier. Now, ETH is showing signs of weakening and is likely to continue its downward trajectory. Expect Ethereum to target the next support levels around $3,310 and possibly $3,110, as indicated in the chart. These zones are crucial as they represent potential areas where buyers might step in.
Short
by Sober_Trading
2
ETH - Bow and Arrow Trade!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 ETH has been overall bullish, trading above the rising trendline marked in blue. After rejecting the $4,000 - $4,100 resistance zone, ETH is undergoing a correction phase and it is currently hovering around the $3,500 round number. If the $3,500 is broken downward, a deeper bearish correction towards the $3,100 demand zone would be expected. 🏹 The highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green demand zone and blue trendline acting as a non-horizontal support. 📚 As per my trading style: As ETH approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
5
Resumption of purchases against the background of the reversal oTo date, we have come to a new bifurcation point and opportunities for refills, consider the market position. On average, for the current month, the main scenario remains with an attempt to move and an attempt to exit the ether at 4250-4500 due to the opening of the month above 3750. Against the background of the interest rate cut by Europe, the market followed the most low-volatility scenario without hype and premature impulses immediately at the opening of a new monthly candle. But this week we are approaching the middle of the month, the period of sales and shadow rendering for the monthly candle is ending. Already today and tomorrow, as the middle of the week and month pass, we can expect an increase in buyer activity for a weekly candle reversal, turning into a monthly bullish reversal. Among the coins in the work, only vib has shown itself to be the most interesting so far, according to which goals are maintained at least at 0.15-25 and up to 10X in a long time, judging by the pair to btc. Starting this week, there is an opportunity for growth in other coins. Ooki pros cvp are still the most oversold, with a growth potential of up to 150-200% from current levels. EPX reached a similar potential, which brought a decent profit last year and, after a stormy start to this year, fell as part of a pullback on the annual candle. At the moment, the price has approached strong support at 0.000150-175, from where the probability of a return to 0.00035-50 prevails against the background of a month reversal. Similarly, vib remains the most oversold among coins with a btc pair, oax, with targets at least at a retest of 0.35 and up to 0.50-75 in the medium term. The presence of a btc pair increases volatility and the size of oax pulses.
BITSTAMP:ETHUSDLong
by Strateg_
Bitcoin has a strong bearish momentum, could it fall further?Price is rising towards a resistance level which is a pullback resistance and could potentially reverse from this level to our take profit. Entry: 3,560.84 Why we like it: There is a pullback resistance level. Stop loss: 3,722.13 Why we like it: There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement. Take profit: 3,350.20 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:ETHUSDShort
by VantageMarkets
1
Ethereum Returning to the EtherEthereum lost an uptrend it has been in for >6.5 years back in July of this last year. That uptrend also forms the bottom of a rising wedge that has taken shape when drawing a trend from peak to peak over the years. Upon losing its uptrend, it briefly saw a pullback during Feb - March of this year, but then lost it again and has since bounced down from a re-test it did in May. It's BINANCE:ETHBTC pair also lost a 7.2 year uptrend back in March and has also since failed to get back above it upon re-test: Possible scenarios for new ATHs before down: It could drag out through July or later and re-test again, which might even give it a new / slightly higher ATH before starting the long haul down. Or, it could break back into the rising wedge and move near the top, around 10k as some have expected, and that could delay and mitigate its downside. Another look at ETH/BTC 2-Weekly and daily charts with chances to become bullish or bearish: 2-Weekly: Daily Chart zoom in on re-test of 7.2 year uptrend, where it formed a rising wedge and hit downside targets, so far:
COINBASE:ETHUSDShort
by dudebruhwhoa
LOW CAP GEMS - DIMITRA (DMTR)In this series I will be breaking down and analysing projects that are <$100m in market capitalisation (at time of post). - PROJECT OVERVIEW Dimitra Incorporated is a global Agtech company with a mission to help smallholder farmers across the world. Operating on the Ethereum blockchain, the name derives from Demeter, the Greek Goddess of the harvest and agriculture. Dimitra works with governments, government agencies, NGOs, and for-profit organizations. The Dimitra platform is built on blockchain technology and incorporates mobile technology, machine learning, IoT devices, satellite and drone imagery, genomics, and advanced farming research. Through our data driven approach, Dimitra helps farmers increase yields, reduces expenses, and mitigates risk. Dimitra believes that every smallholder farmer, regardless of economic standing, should benefit from simple, beautiful, and useful technology. With 100K+ users currently and growing it's the largest cryptocurrency to deal with agriculture of it's kind. - ROADMAP Dimitra has ambitious and impactful goals. The goal is to grow our platform to 100 million smallholder farmer users within the next 4-years. They already have agreements in place with 8 countries but there is a long way to go to reach their goal. - TEAM Dimitra has 123 team members in total including CEO and Founder Jon Trask. He is the winner of the 2023 Government Blockchain Association Annual Achievement Award in the “Social Impact” Category! - PARTNERSHIPS Global projects operating in 14+ countries with partners in 68 countries. In terms of exhange listings they are partnered with one tier-1 exchange in Kucoin, as well as Gate.IO, BitMart, Bittrex, Uniswap and more. However, they are not listed on Binance or Coinbase, once this does happen it will open up the opportunity for a much larger population of potential buyers. - PRICE TARGETS It's easy for people to throw outlandish price targets out there in the world of crypto without much reference to how they got to that conclusion. I prefer to compare Market Caps in order to derive token prices. Looking back at the previous Bullrun, alts hit very high MarketCaps before falling back to 'fair value'. For this I'll use current MCap and Bullrun MCap for a guide, DMTR is currently #484' on MCap: - Oraichain (ORAI) #343 Price target: $0.35 (2.1x) - PAAL AI (PAAL) #226 Price target: $0.49 (x2.95) -Ocean protocol (OCEAN) #135 Price target: $1.05 (x6.24) - Fetch.ai (FET) #51 Price target: $4.43 (x26.33) - Cardano (ADA) #10 Price target: $33.74 (x197.65) I've used other AI projects and a top 10 crypto to show how DMTR could move up the leaderboard and what that would mean for token price. - SUMMARY Dimitra is an exciting project with genuine real world value, aiming to tackle a very important problem we have on this planet and that's providing Food to the increasing population of earth. The tokenomics could be better as there is only 41% circulating supply, however with a growing interest by large entities such as BlackRock for RWA's and AI projects we could see a considerable investment in a project like DMTR in the future. Having broken out of a multiyear accumulation phase recently I think DMTR will be a very strong performer - RATING 8/10 - SOURCES/b] dimitra.io coinmarketcap.com marketcapof.com
CRYPTO:DMTRUSD
by ProR35