HelenP. I Ethereum can break support level and continue fallHi folks today I'm prepared for you Ethereum analytics. A not long time ago price some time traded in the resistance zone, which coincided with the resistance level, and later tried to rise, but failed and in a short time declined the lower 3150 level. After this, ETH rebounded up to the trend line and then made a strong impulse down to the support zone, breaking 3150 with 2900 levels. Soon, the price turned around and rebounded up from the support zone, breaking the 2900 level again and in a short time rose to the resistance level and even higher, reaching the trend line again. But ETH at once rebounded and declined to support level back, breaking resistance level one more. Ethereum some time traded near the 2900 support level and even tried to rise more, but failed and now continues to trades very lose to the support level. For my mind, Ethereum will make a small move up and then break the support level, after which continue to decline, therefore I set my goal at 2775 points. If you like my analytics you may support me with your like/comment ❤️
D-ETH
Could ETH/USD potentially rise from here?Price has just bounced off the support level which is a pullback support and could potentially rise from this level to our take profit.
Entry: 2858.89
Why we like it:
There is a pullback support level.
Stop loss: 2728.02
Why we like it:
There is a pullback support level which lines up with the 78.6% Fibonacci projection.
Take profit: 2992.94
Why we like it:
There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement.
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Could price bounce from here?Ethereum (ETH/USD) is falling towards the pivot and could potentially bounce from this level to the 1st resistance.
Pivot: 2,863.34
1st Support: 2,744.38
1st Resistance: 3,048.22
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📉📈 ETH Trade Analysis 🔄💼Trade Overview:
ETH's current support area has remained strong over the past week, presenting an opportunity to enter a long spot trade.
Trade Setup:
Entry: Ladder into the trade between $2,850 - $3,050.
Take Profit: Set profit targets at $3,400 - $3,700 and the next resistance area at $4,100 - $4,350.
Stop Loss: Place the stop loss just below $2,800 to manage risk effectively.
📊🔍 Monitor ETH's price movement closely and adjust trade strategy as needed! #ETHTrading #CryptoAnalysis 🌐🔒
ETHEREUM - Price can start to grow from support level in flatHi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to rising channel, where it rose to resistance level, which coincided with resistance area.
Then price broke this level and rose to resistance line of channel, after which it bounced and started to decline.
In a short time, ETH declined to support line of channel, breaking $3105 level again, and soon exited from rising channel too.
After this, price started to trades inside flat, where it some time traded near top part but later declined to support level.
Ethereum some time traded close to this level and then bounced up, but a not long time ago it fell back.
So, I think ETH can decline to support level and then bounce up to $3025 inside flat.
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May.7-May.13(ETH)Weekly market recapU.S. CPI data for April will be released this week, and the market expects that CPI will fall. After weak employment data was released earlier this month, assets rose, and BTC also rebounded sharply at the time of the release. Therefore, if CPI data can further confirm the role of current monetary policy, then the market correction may end.
On the other hand, the first deadlines for ETH spot ETFs are approaching. The SEC is expected to give its final response on May 23. Unlike BTC, we expect that the approval of ETH ETF will be difficult to pass or be postponed to Q3 due to POS mechanism and other factors.
As we predicted in our last Recap, ETH performed weakly. It almost fell with fluctuation, barely standing above 2900. This may be related to the fact that the market is not optimistic that the ETH ETF will be approved this month. On the WTA indicator, the blue column disappears and the trading volume decreases. The ME indicator is almost switching into a bearish trend.
To sum up, we believe that unless the possibility of ETH ETF being approved increases, ETH may remain volatile or fluctuate this week. We maintain our original resistance level 3700 and support level 2800.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Rising into 50% Fibonacci resistance?ETH/USD is rising towards a resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 3,048.17
Why we like it:
There is an overlap resistance level which aligns with the 50% Fibonacci retracement.
Stop loss: 3,126.45
There is a pullback resistance level which is slightly below the 78.6% Fibonacci retracement.
Take profit: 2,846.67
Why we like it:
There is a pullback support level which line up with the 78.6% Fibonacci projection.
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.
Ethereum $Eth #EthKeep an eye on these down sloping trend lines as well as these horizontals before you get overly Bullish on this bounce and or watch them as areas your playing the bounce to.
Until proven wrong and or Big enough move on volume to really jump above these and then back test and turn the $3400 range into support we are still just going DOWN.
Playing these levels as marked IMO can be profitable for short term trades especially on leverage.
Once we cleanly break and hold above the $3400 range we will have a much different picture for the Bulls.
ETH Ethereum falling wedge pattern If you haven`t sold ETH at the top:
As the cryptocurrency market navigates through choppy waters, Ethereum, the second-largest cryptocurrency by market capitalization, finds itself ensnared within a bearish formation known as a falling wedge pattern. This technical setup, coupled with broader market uncertainties, casts a shadow over Ethereum’s short-term prospects, with a looming price target of $2400 becoming increasingly probable.
A falling wedge pattern typically signals a continuation of a prevailing downtrend, suggesting that Ethereum’s recent struggles may persist in the near term. Characterized by a series of lower highs and lower lows, this pattern reflects a gradual erosion of bullish momentum, often culminating in a breakdown below the wedge’s lower boundary.
Ethereum Dilemma: $2,819 Drop or $3K Breakthrout?Ethereum is bearish in the daily chart and can decline to $2,819, where price action will be very important.
The ETHUSD chart has to push up to above $3,006 into the daily range zone towards $3,354, a critical daily resistance.
A sustained price action that we see below $3,006 confirms the weakness, potentially triggering a bearish momentum targeting $2,597.
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ETHUSD Analysis (12th May 2024)
Crypto Analysis (12th May 2024)
ETHUSD Analysis
On 1 hour timeframe , Price has created a 1 hour bearish FVG, indicating bearishness.
Currently, price action is retracing towards the 1 hour FVG slowly, but hasnt tested it yet. There are 2 high probability scenarios that could play out.
1) Price taps into this bearish FVG and rejects created a 15 minute Change of Character. IF prices does this, I want to see a body candle closure to ensure that the Change of Character is a strong one. After that happens, i want a retest into the CHOCH level before looking to sell.
2) IF price just continues to push higher past the 1 hour FVG, the FVG will be invalidated and wee will be looking for buys above 3019 level with a body candle closure above that level. Break and retest will be valid here.
POOR PLEB can RECOVER. Set for a 5X rally#PP in #ETH terms is down massively
Either you believe this cute community memecoin is dead and should not be touched
Or you are quite interested at picking up this coin which stars on it's own #DEX for pennies on the ethereum dollar
You can also use Poorpleb to earn yield on 9inch . io Dex whilst you wait for it's recovery and the true altcoin bull market.
Mr Hexy Bastard also has just released a cute film on Youtube the "The Lowest of Stakes"
If you want to do your own research maybe check it out.