Etereum
Ehthereum classic📊 #ETCUSDT
⏱ TIME: 1D
📝Two suitable buying ranges have been specified (purple box) and the price is expected to move up from these two ranges.
⭕️risk:MID
📍The initial buying limit: 14.5$ AND 13$
📌TP1: 20%
📌TP2: 40%
Ethereum Monthly and Weekly Analysis: Key Support and Resistance
Ethereum has initiated a 146% bullish wave on the monthly timeframe but is currently undergoing a rest and correction phase.
🔍 Fibonacci Retracement Levels from 1516 to 4114:
0.38 Fib Level: 2864
0.5 Fib Level: 2548
0.618 Fib Level: 2268
🔗 Weekly Timeframe Insights:
A 624-day long ascending channel is observed.
The price is currently interacting with the midline of this ascending channel.
The channel's bottom serves as a strong support zone around 2232 to 2505, which aligns with our PRZ (Potential Reversal Zone).
🛡️ Key Points:
This PRZ lies between the 0.5 to 0.618 Fibonacci retracement levels.
The 200 MA (Moving Average) on the monthly timeframe also converges in this area.
The psychological level of $2500 is significant, with nearly $2 billion in long positions that could be liquidated around this zone.
The horizontal channel target on the daily timeframe is also situated here.
📉 Daily Timeframe Observations:
Currently, Ethereum is in a horizontal channel on the daily timeframe.
The channel's bottom coincides with the weekly support at 2865. A break below this level might present a shorting opportunity.
💡 Strategic Suggestions:
For long-term holds and buying, it’s advisable to wait until Ethereum reaches the PRZ and exhibits a bullish reaction and momentum.
Alternatively, consider entering after a break above the daily channel.
For DeFi or lending and borrowing, $2500 could be an interesting entry point, provided your liquidation level is below $1500.
🌟
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Hashtags:
#Ethereum #CryptoAnalysis #Trading #Fibonacci #SupportAndResistance #Tradecitypro #TCP
Categories:
Trend Analysis
Support and Resistance
Fibonacci Analysis
ETHUSDT.1DUpon analyzing the ETH/USDT daily chart, it's clear that Ethereum has experienced a mix of bullish and bearish phases, with key resistance and support levels playing a pivotal role in its price movements. Let’s break down the crucial elements:
Support and Resistance Levels:
Support Level 1 (S1) is set at $2,780.64. This level has previously served as a turning point for price corrections and may provide a floor should the price drop further.
Support Level 2 (S2) at $2,126.90, which marks a critical area if a more significant sell-off occurs.
Resistance Level 1 (R1) at $4,105.80, representing a ceiling from previous price peaks that Ethereum might test if a bullish trend resumes.
Technical Indicators:
The MACD (Moving Average Convergence Divergence) is well below the zero line and shows a substantial bearish divergence. This indicates strong selling pressure and could suggest further downward movements unless there's a positive crossover soon.
The RSI (Relative Strength Index) is nearing the oversold territory but has not yet entered it, signaling that while selling pressure is high, there might be some potential for stabilization or a corrective rally if the market perceives ETH as undervalued.
Conclusion:
The current market position for ETH/USDT suggests a cautious approach. The negative MACD and approaching oversold RSI indicate a bearish trend, but these also bring potential for reversal scenarios, particularly near strong support levels like S1 and S2. Traders should watch for any signs of bullish reversals or stabilization at these supports, which could offer buying opportunities. Conversely, a break below S2 could lead to accelerated declines, and thus risk management strategies should be prioritized. The market's reaction at these key junctures will be critical in determining Ethereum's path in the coming weeks. As always, it's essential to stay updated with broader market trends and news that could influence Ethereum's price.
ETHUSDT.1DThe Ethereum chart highlights a robust uptrend that started early this year, peaking in February before entering a consolidation phase. This pattern indicates strong buying interest followed by a phase where traders and investors are assessing their positions.
Key Technical Observations:
Resistance Levels (R1 and R2):
The first resistance (R1) is at $3,430.29, which previously acted as both support and resistance, indicating a pivotal price point.
The second resistance (R2) at $4,134.34 represents the peak of the recent price rally and is crucial for confirming a continuation of the bullish trend.
Support Levels (S1 and S2):
The primary support (S1) at $2,837.73 is critical as it lines up with historical price reactions and the Fibonacci retracement level of 0.5, a common reversal zone.
The secondary support (S2) at $2,112.62 is near the 0.618 Fibonacci retracement, often considered the last line of defense in a bullish market.
Fibonacci Retracement:
The Fibonacci levels are drawn from the low of $1,521 to the high of $4,093.92, and they help identify potential reversal points. The 0.5 and 0.618 levels are particularly significant due to their common usage as decision points in price action trading.
MACD (Moving Average Convergence Divergence):
The MACD line is currently below the signal line, and the histogram is in the negative territory, which suggests bearish momentum in the short term. This requires close monitoring as a potential crossover above the signal line could indicate a shift back to bullish momentum.
RSI (Relative Strength Index):
The RSI at 53.85 is near the midpoint of 50, which generally indicates a balance between buying and selling pressure. However, the slight tilt towards the oversold territory suggests that there might be an upcoming opportunity for buyers.
Conclusion and Strategy:
Given the current market conditions and the technical setup, my approach would be cautiously optimistic. I would consider entering long positions near the S1 level with a clear stop-loss order just below this level to protect against unexpected downturns. Any approach towards R1 should be viewed with readiness to take profits, especially if accompanied by signs of fading bullish momentum, such as declining volume or bearish divergences on the RSI or MACD.
Trading around these key technical levels with a well-defined risk management strategy could potentially capitalize on the volatility and provide significant returns. However, it’s crucial to remain vigilant and adapt to any new market developments that could affect Ethereum's price trajectory.
ETHUSDT.1DIn my analysis of the ETH/USDT daily chart, I've identified several critical elements that define the current state and possible future direction of Ethereum’s price action.
Technical Analysis Observations:
Chart Patterns and Key Levels:
Triangle Pattern: The price has been consolidating within a symmetrical triangle pattern, which generally indicates a period of indecision among traders. The apex of this pattern is approaching, suggesting that a breakout is imminent.
Support (S1 and S2):
S1 at $2,112.62: This level is crucial as it represents the lower boundary of the triangle. A break below could signal a significant bearish movement.
S2 at $2,500.00: This round number has psychological importance and may act as a minor psychological support if S1 breaks.
Resistance (R1 and R2):
R1 at $2,837.73: This is the upper boundary of the triangle. A breakout above could indicate bullish momentum.
R2 at $4,134.34: This represents a historical high and a long-term target in a bullish breakout scenario.
Indicators:
RSI (Relative Strength Index): Currently at 25.93, the RSI is deep in the oversold territory, suggesting that the market could be underpricing ETH, which may lead to a potential rebound or at least a stabilization of prices.
MACD (Moving Average Convergence Divergence): The MACD is below the signal line and the histogram indicates increasing bearish momentum. This could signify that despite the oversold condition, the market might still see further declines.
Conclusion:
The ETH/USDT pair is at a critical juncture with its price consolidating within a triangle pattern. The proximity of the RSI to oversold levels hints at a possible upward correction, especially if it coincides with a breakout above the triangle's upper trend line (R1). However, the bearish bias indicated by the MACD suggests that any bullish moves could be short-lived unless there is a significant shift in market sentiment or external market drivers.
Given the current setup, my approach would be to watch for a clear breakout of the triangle pattern, accompanied by an increase in volume, which would provide a more reliable signal for either a long or short position. A break above R1 could target R2, while a breakdown below S1 might test the $2,500 psychological level before moving to deeper supports. As always, setting appropriate stop losses and taking profit levels is crucial to manage risk in such volatile conditions.
ETHUSDT.1DThe daily chart for Ethereum (ETH) against USDT provides a detailed view of the price movements and key levels that could indicate potential future actions:
Resistance Levels:
R1 ($4,126.11): This level has been a recent high and could act as the first significant resistance.
R2 ($4,371.66) and R3 ($4,752.50): These are the subsequent resistance levels that the price may encounter if it breaks past R1. R2 and R3 could serve as targets for taking profits if Ethereum enters a bullish phase.
Support Levels:
S1 ($3,301.24): This is the nearest support level where the price might find a floor if there's a pullback.
S2 ($2,874.64) and S3 ($2,112.62): These lower supports may come into play if there is a significant downward trend or market correction.
Current Market Position:
The price of ETH is currently hovering near $3,771.07, positioning it above S1 but below R1. This suggests some consolidation between these levels.
Technical Indicators:
MACD (Moving Average Convergence Divergence): The MACD is close to zero with a slight bullish histogram, suggesting that there might be a buildup in bullish momentum, although the signal isn’t strong yet.
RSI (Relative Strength Index) is at 66, which is moderately high but still below the overbought threshold of 70. This indicates that there might still be room for upward movement without immediate overbought concerns.
Market Sentiment:
The descending trendline from the peak in April to the present suggests that ETH has been under a bearish control but is now potentially trying to break this trend. A confirmed breakout above this trendline could signal a change in momentum to bullish.
Trading Strategy:
Bullish Scenario: Should ETH break above the descending trendline and R1, traders might consider long positions with targets at R2 and R3, setting stop losses just below R1.
Bearish Scenario: If ETH fails to break the descending trendline and drops below S1, this could indicate a continuation of the bearish trend, with potential targets at S2 and S3. Traders might look to short ETH or exit long positions to minimize losses.
Conclusion: Traders should monitor Ethereum’s reaction to the descending trendline closely. A breakout above this line and R1 could herald a new bullish phase targeting higher resistances. However, a failure to surpass these levels and a subsequent drop below S1 could extend the bearish sentiment. As always, market conditions, global economic factors, and news specific to Ethereum should be considered when making trading decisions.
ETHUSDT.4HLet's dive into the technical analysis of this Ethereum (ETH) chart against Tether (USDT) on the Binance exchange, speaking as if I'm the trader analyzing this chart.
We're looking at a 4-hour time frame which provides a good balance between detail and broader trend analysis. The chart is quite colorful with several technical indicators applied, including the Ichimoku Cloud, pivot points, and classic technical analysis patterns.
Immediately, I see that Ethereum's price has been in a downtrend, marked by lower highs and lower lows, which suggests a bearish bias. The chart also presents a descending triangle pattern, typically considered a bearish continuation pattern, indicating that the price may continue to fall if it breaks below the triangle's base.
The Ichimoku Cloud here is quite spread out, and the price is below the cloud, which in Ichimoku analysis, suggests a bearish market. The Base Line (Kijun-sen) is above the Conversion Line (Tenkan-sen), reinforcing this bearish sentiment. However, the price seems to be attempting to break through the cloud from below, which could signal a potential trend reversal if successful.
Looking at the pivot point indicator, it provides key levels of support (S1, S2) and resistance (R1, R2). The current price is below R1, indicating that R1 is acting as a resistance level. If the price were to reverse and go upwards, R1 and R2 would be the levels to watch for potential sell-offs.
The Relative Strength Index (RSI) is around 38.52, which is near the oversold territory but not quite there yet. This could suggest that there might still be some room for downward movement before buyers step in.
The Moving Average Convergence Divergence (MACD) is below the signal line and the histogram is negative, which is another indicator supporting the bearish momentum.
In summary, the overall sentiment from this chart is bearish. The descending triangle pattern, price position relative to the Ichimoku Cloud, and the RSI all suggest that Ethereum could see more downside. If I were considering a position, I'd look for the potential breakout direction from the triangle pattern, keeping a close eye on the Ichimoku Cloud for any signs of a reversal. A downward breakout would have me watching the S1 and S2 levels for potential entries, while an upward breakout above the cloud could shift the bias to bullish, and I'd look towards R1 and R2 as targets. As with any trade, confirming these signals with high volume and waiting for a confirmed breakout would be key to avoid false signals.
ETCUSDT Waves AnalysisHello Traders, Base on technical and wave analysis we see this scenario for #ETCUSDT for next move. let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
ETH 16% after big sell off at low ETH 16% after big sell off at low
Time for pullback or local range
other thing would be hard to trade
ETH is bearishConsidering the bearish CH and pullback to the order block, it seems that the price is trying to drop more
The target is the bottom box.
Closing a daily candle above the invalidation level will violate this analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
ETHUSDT.1DBased on the given market data, Ethereum (ETH) is currently trading at $2626.0 against USDT. The Relative Strength Index (RSI) on the 4-hour, daily, and weekly chart is 65.63, 69.17, and 69.87 respectively, suggesting that ETH is currently in the overbought territory. This often indicates a potential price correction in the future.
The Moving Average Convergence Divergence (MACD) on the 4-hour, daily, and weekly chart is 52.47, 58.32, and 180.75, respectively. MACD being above zero suggests that the short-term momentum is greater than the long-term momentum, which indicates a bullish trend.
As for the Bollinger Bands (BB), ETH is trading below the upper BB on the 4-hour, daily, and weekly charts, indicating less volatility. The price is closer to the upper band which could suggest that the price is high relative to recent price action and might pull back.
The immediate support and resistance levels on the 4-hour chart are $2553.2 and $2688.0 respectively. On the daily chart, the support level is $2368.0 and resistance is at $2733.0. For the weekly chart, the support is at $1970.0 and resistance is at $2806.0.
In my opinion, though ETH is currently in a bullish phase, the overbought RSI levels across all three time frames might indicate a potential price correction. Therefore, investors should proceed with caution and consider setting stop losses to protect their investments. As always, it's important to consider other factors and market news as well when making investment decisions.
BTCUSDT, Possible scenarios (Details on caption)Hello traders.
As you can see, the price shifted the market structure to bearish by breaking the low at 44300.
The price grabbed the liquidity above 43578 and had a bearish reaction, now the price is in the supply zone that may push the price down. The target of this scenario can be the FVG created on 40280_ 40915.
on the other hand, there are two supply zones above the current price. So we can expect the price rise to fill the FVG, in this case, we can define the first target at 44300 and then the supply zone that formed at the 0.705 level of Fibonacci.
💡Wait for the update!
🗓️03/02/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
🌟🔍 Ethereum's Current Correction Phase 📉💠
🔻 Ethereum in a Daily Correction: Ethereum (ETH) is currently undergoing a correction in the daily timeframe, approaching the Fibonacci levels of 0.382 and 0.5.
📈 PRZ (Potential Reversal Zone): This zone is significant, as it includes various Fibonacci retracements of different waves and also serves as a strong support area.
🛒 Ethereum Buying Scenarios:
Entry in PRZ: Enter the PRZ box and look for a candlestick pattern or formation that indicates a bullish reversal. After receiving confirmation, you can consider buying with a stop loss below $1914.
Wait for Upward Movement: Wait for Ethereum to show support in this area and move upwards. Consider entering after a breakout above $2454.
💡 Personal Ethereum Strategy: Currently, I'm holding my Ethereum, utilizing it in DeFi to generate returns. I plan to continue holding as long as Ethereum stays within its ascending channel.
⚠️ Caution in No Trade Zone: Be aware of potential high volatility in the no trade zone.
📉 Short Position Strategy: For short positions, consider entering below $2024.
🔜 Future Updates on Targets: I will update the analysis with potential upward targets if Ethereum moves upwards.
🔑 Related Categories:
Ethereum Correction Analysis
Fibonacci and PRZ Analysis
Entry and Exit Strategies
📣 What’s your current approach towards Ethereum? Are you planning to buy, hold, or wait for further confirmation? Share your strategies! 💬🌐 #EthereumCorrection #CryptoTrading #TradeCityPro
📚 Remember: Cryptocurrency markets are highly volatile. Stay updated with market trends and manage your investments cautiously! 🧠💼
🌟🔍Ethereum's 4-Hour Timeframe Dynamics 📈🔍
🔺 Ethereum's Current Position: In the 4-hour timeframe, Ethereum (ETH) is facing rejection from the top of its ascending channel, but a downward trend hasn't been confirmed yet. It's advisable to hold off on opening short positions for now.
📈 Parabolic Line and Potential Jump: Ethereum is still on its upward parabolic trajectory, suggesting a potential upward bounce.
🛑 Key Support and Rejection Levels: If Ethereum breaks below the parabolic line, watch for the important support in the blue box range of $2100 to $2150. For those who have taken loans against Ethereum, be mindful of liquidation points above this zone.
🔻 Primary Support at $1914: This level stands as the main support for Ethereum.
📉 Short Position Strategy: While the trend hasn’t officially changed, consider looking into short positions if ETH drops below $2199.
📈 Long Position Strategy: For long positions, a reaction to the parabolic line or a breakout above $2298 could be a good entry signal.
📈 Total Value Locked (TVL) in Ethereum: The increasing TVL in Ethereum is a positive sign, indicating less concern about decreasing volume.
🔍 Overlap with Fibonacci Levels: The range of $2100 to $2150 coincides with the Fibonacci levels between $1915 and $2310, specifically the 0.382 and 0.5 levels.
💼 Personal Ethereum Strategy: I hold a significant amount of Ethereum, which I am staking and using to create liquidity.
🔜 Upcoming Analysis on DeFi Coins: I'll provide more information on DeFi coins soon.
🔑 Related Categories:
Ethereum Trend Analysis
Support and Resistance
DeFi and Staking
📣 Engagement CTA: How are you approaching Ethereum's current market situation? Share your thoughts and strategies! 💬🌐 #EthereumAnalysis #CryptoTactics #TradeCityPro
📚 Remember: Cryptocurrency markets are volatile and complex. Stay informed and approach with caution! 🧠💼
🌟🔍 Ethereum's Upward Channel Movement 📈
🔺 Ethereum in Weekly Ascending Channel: Ethereum (ETH) is currently moving within an ascending channel in the weekly timeframe and has reached the channel's upper boundary.
🎯 Significant Weekly Resistance: A key static resistance lies ahead at $2454, closely aligned with the psychological level of $2500. Ethereum could potentially reach this if Bitcoin continues its upward trend.
💡 Strategy for Current Ethereum Holders: If you've bought Ethereum at lower prices, like around $1500 or $1000, the best course of action could be to create liquidity and stake your holdings.
📊 Re-entry or New Entry Strategy: Personally, I'm waiting for a breakout above the $2500 static resistance before considering a new entry. Another approach could be to find an entry point at the channel's midpoint or its bottom, but only after witnessing a bullish reaction from these levels.
🔍 Volume Trend: The weekly volume is decreasing, but this isn't necessarily negative. I will check the Total Value Locked (TVL) in the next analysis for further insights.
📈 Futures Trading and Profit Booking: I'll provide a more detailed analysis for lower timeframes, futures trading, and profit booking tomorrow.
🚦 My Personal ETH Strategy: I'm holding my Ethereum with a stop loss set below $1500.
🔑 Related Categories:
Channel Patterns
Resistance and Support
Volume and Staking Analysis
📣 What’s your take on Ethereum's trajectory? Are you holding or planning new entries? Share your strategies! 💬🌐 #EthereumTrend #CryptoStrategies #TradeCityPro
📚 Remember: Cryptocurrency investments carry risks. Make sure to do your own research and consider your investment goals and risk tolerance! 🧠💼
ETHUSDT.1DBased on the market data provided, the current price of ETH is $1795.0. The Relative Strength Index (RSI) for 4 hours, 1 day and 7 days are 50.90, 69.98, and 54.71 respectively. RSI values above 70 are typically considered overbought, and values below 30 are considered oversold. In this case, the 1d RSI is nearing the overbought threshold, which could indicate a potential downward correction in the near term.
The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are 6.56, 52.33, and -11.68 respectively. MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period Exponential Moving Average (EMA) from the 12-period EMA. Here, the MACD for 1d is positive suggesting the market is on an upward trend.
The Bollinger Bands (Bb) for 4 hours, 1 day, and 7 days are 1829.0, 1892.0, and 1985.0 respectively. The current price is below the Bollinger Band for all three periods, which may suggest that the price is relatively low, although it is not a guarantee of a price increase.
The support levels for 4 hours, 1 day, and 7 days are 1748.0, 1697.0, and 1752.0 for Support1; 1629.0, 1532.0, and 1507.0 for Support2; and 1532.0, 1480.0, and 1337.0 for Support3 respectively. These are the levels at which the price is expected to start increasing again after a fall.
The resistance levels for 4 hours, 1 day, and 7 days are 1900.0, 19.5, and 2100.0 for Resistance1; 2082.0, 1963.0, and 2500.0 for Resistance2; and 2130.0, 2116.0, and 3200.0 for Resistance3 respectively. These are the levels at which the price is expected to start decreasing again after a rise.
Overall, the data suggests that ETH is currently on an upward trend with the potential for a slight downward correction in the near term. As always, it's important to consider other factors and conduct thorough research before making any investment decisions.
ETHUSDTThis is a 1D frame analysis for ETHUSDT Analysis of the crypto market: Due to the excessive selling pressure, we saw a significant drop in prices. With the closure of the previous day's candle and the stabilization of prices above the support line, we can review the scenarios for Ethereum. Scenario one: We expect the price to stabilize above the support line in the next few days and give us signs of an increase or decrease so that we can make the right decision, so stay tuned for our new analysis. However, as we have outlined with the flash guides, we can expect a price drop if it cannot be stabilized above the support line. Scenario two: If it can stabilize above the resistance line, we should expect more signs of price increase, which can start to move like flash guides. Suggestion: Taking into account the previous day's candle, if we want to take more risk, we can place buy orders on the support levels. Alternatively, we can wait until it stabilizes above the line and we see more signs of an increase before entering into a trade for higher numbers.
ETHUSDTThis is a 1D frame analysis for ETHUSDT In the weekly time frame, we have a first resistance line and with the pressure of the weekly downtrend pattern that has been formed, we can have an indication of a possible bearish trend. The conditions in the weekly time frame are not too bad for Ethereum and if it can push itself above its resistance line, we can identify a strong resistance zone. In the daily time frame, the support zone of 4 hours has done its job well so far and has prevented further price drops. The price has tried to break the previous resistance line but was unsuccessful and has moved close to our first support line. Currently, the price in the daily time frame is showing us an upward move of the indicator Ichimoku, but other patterns cannot show us an uptrend or downtrend. The market is currently indecisive and we should wait for a breakout. If the price breaks below the support line, we will see further drops and if the price stabilizes above the resistance line, we can expect to see a price increase to the second resistance zone.
ETHUSDTHello traders ,what do you think about ETEREUM? We expect it to fall to the specified level after a correction movement upwards and hitting the trend line and resistance zone
If this post was useful to you, do not forget to like and comment.❤️
ETHEREUM more correction to the downside ❌🧨Hello 🐋
the price has started the new trend to the downside before any other huge pump and this trend should be completed ❌🧨
if
the price doesn't break the resistance zone to the upside and just complete the retest, we will see more correction ❌🧨
if
breakout of the lower support zone be completed, we can see more correction to the downside ❌🧨
brief amount of green candlesticks to the upside before any other movement is logical 📖💡
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
ETHUSDT SELL POSITIONThe area between 1920 and 2000 looks very attractive for Ethereum to sell, and there is a good R/W , and weakness in the trend is also seen. In the low times, it looks for reversal signs to enter.
MAX LEV: 5X
long positionAccording to the ascending triangle pattern you see. If the resistance in the area of 1460 is broken, Ethereum will rise to the area of 1540.
