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ETH-D

ETH/USDT Technical Analysis Overview:ETH/USDT is currently trading within a descending wedge pattern (marked by converging white trendlines). This pattern typically suggests a potential bullish reversal upon a breakout to the upside. The price is approaching the apex, indicating that a breakout could occur soon. There is a strong horizontal support zone around $2,100 to $2,200 (highlighted in brown). This level has been tested multiple times and continues to act as a solid base, preventing further downside. The immediate resistance lies along the upper trendline of the descending wedge, around $2,400. A breakout above this trendline could lead to a move towards higher resistance zones near $2,660 and beyond. ETH is trading at $2,358.66, up 1.53%. The price has bounced from the lower trendline and is making its way towards the upper boundary of the wedge. If ETH breaks out of the descending wedge, the first target would be around the $2,500-$2,600 zone. A sustained move above this level could trigger a larger rally towards the $2,780 level, aligning with prior highs. If ETH fails to break out and drops below the $2,100 support zone, further downside could be expected, potentially retesting levels closer to $2,000 or below. Including indicators like RSI or MACD could help gauge the strength of the potential breakout and provide additional confirmation of the trend ETH/USDT is currently in a descending wedge pattern, with a bullish bias if it manages to break above the upper trendline resistance around $2,400. The key support at $2,100-$2,200 remains crucial for bulls to maintain control. Monitoring the price action around these critical levels will be essential for confirming the next major move. Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
Long
by CryptoSanders9563
ETHBTC ForecastETHBTC looks like it is headed for 0.03094 - 0.032 level. Especially, if we confirm 0.043 as a resistance in the coming months and stay under it. This is a monthly chart so it will take many months to complete this move. In my view this could happen in one of two ways. The first scenario is that BTC will start the parabolic move and leave behind ETH which is my base scenario in the next 6 months. The second scenarios is that ETH will continue to bleed down and BTC will stay rangebound or slowly rise in the coming months. Here is my plan: I will be accumulating ETH if it quickly visits the 0.030-0.032 ETHBTC levels. That is when I will be looking for ETH bottoming and turning. If we bounce from the 0.043 level and confirm with volume as support, then I will be looking to buy any breakout patterns in this long timeframe. This is not a financial advice and DYOR
by CryptoBreakers
1
ETHUSD: It is now or never.Ethereum is marginally bearish on its 1D technical outlook (RSI = 40.248, MACD = -101.950, ADX = 33.304) as it pulled back to the 1W MA200 again, failing to capitalize on August's rebound attempt. If we compare it to its prior Cycle, this is Ethereum's final chance to hold the 1W MA200 and keep step <7> valid, which in September 2020 exactly 4 years ago, it started an outstanding rally to the 1.618 Fibonacci level and cap step <8>. If the market replicates this move, we can print 13,500 in mid 2025. Compared to the previous Cycle we are currently higher on step <7> than we were then, so unlikely as 13.5k may seem, it is technically plausible. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:ETHUSDLong
by InvestingScope
1
LINK Long-Term Entry OpportunityLINK has recently touched the bottom purple support again. After 4 touches, this support seems to be an important level for traders. To optimize our entry, we're going to wait for the price to touch the support again in the coming weeks. With a stop below the recent fear-low and a target around the current all-time high we can construct a very decently bullish trade. Keep in mind that it's a risky bet. BTC is slowly bleeding and alts overall look bad. However, a R/R over 20 when trading from an established long-term support is worth a bit of risk.
Long
by FieryTrading
1
9/11 CPI Surprises, but What’s Next for the Market?Overview: The latest CPI data is out, showing a slightly better-than-expected 2.6%, beating estimates by just 0.1%. It may not seem like much, but in a market where key metrics are constantly revised, even small improvements matter. It has been exactly a year since July 26, 2023, when the Federal Reserve finished raising rates to the current 5.25% to 5.50% range. Yet, over the past 12 months, prices have still risen by 2.5%, even with those high interest rates. However, the Federal Reserve favors another metric—Core CPI. This measure excludes volatile food and energy costs that can fluctuate in the short term. And what about Core CPI? Month-over-month, it increased by 0.3%, which was 0.1% higher than expected. Year-over-year, it sits at 3.5%, which is still well above the Fed’s target. So, wave goodbye to any hopes of a 25 basis point rate cut anytime soon. By the time the Fed substantially cuts rates, crypto could very well experience not just one, but two bull cycles. As we mentioned yesterday, lower CPI is good for the markets and has historically brought green candles. Initially, the VANTAGE:SP500 opened with a big red candle, trading below Monday and Tuesday's opening prices. But once the Fed's report was released, it began to rally. On the daily timeframe, the S&P 500 remains below the Bollinger Band's moving average (BB MA). Cryptocurrencies reacted positively as well, with Bitcoin bouncing off the weekly support level of $55.9K and now pushing toward the upper boundary of its trading range at $58.4K. Interestingly, ETF flows were net negative. A closer look reveals that Fidelity was buying both BTC and ETH, while ARK, Grayscale, and VanEck were selling. It’s important to remember that not all ETFs are created equal. Fidelity might represent everyday retail investors, while funds like Grayscale and Blackrock tend to cater to more sophisticated entities. W: Bitcoin is actively forming the top wick of this week's candle, currently touching the upper boundary of $58.4K but still far from the BB MA. D: Bitcoin is testing both weekly resistance levels and the BB MA. 4h: This is the third attempt to break $58.4K. Failure to break and remaining within the range would signal a bearish turn. 1h: No divergences detected. Alts Relative to BTC: No divergences across the board, except for BINANCE:SUIUSDT , which saw a massive 8.28% pump, breaking through the $1 resistance level. This marks its third peak in the last month, though the most recent valley was lower than the previous one. Bull Case: The Fed continues to deliver positive data, fueling a five-day pump. Selling pressure has eased, as most who could sell have already done so. Bear Case: This could be a temporary rally before the real turmoil begins. Fear and Greed Index: 37, indicating a return to Fear territory. Prediction: Bitcoin is likely to reject at the weekly resistance level and bounce downward.
COINBASE:BTCUSD
by EvgenCapital
ETH/USDT Daily Analysis: Ethereum is trading around $2,368, attempting to rebound from the lower boundary of a descending channel. The price has respected the support zone between $2,150 and $2,250, which is marked by the brown shaded area on the chart. The red-shaded area between $4,000 and $4,600 is the major resistance zone. A breakout above this zone would be a strong bullish signal, potentially leading to a continuation towards higher levels. Key support is currently at the brown zone between $2,150 and $2,250. A failure to hold this level could result in Ethereum testing lower support of around $2,000 or potentially the channel's lower trendline. A successful hold above the current support and a break above the descending resistance trendline could see Ethereum targeting $3,000 and beyond. Positive signals from momentum indicators would further confirm a bullish trend continuation. If Ethereum fails to maintain its position above the current support and falls back into the descending channel, it could retest the lower support zone around $2,150. A further breakdown below this level might open the path towards $2,000 or lower. Ethereum is showing a potential rebound from key support, but confirmation of a breakout above the descending trendline is needed for a bullish continuation. Keep an eye on momentum indicators and broader market conditions for further clues. Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
Long
by CryptoSanders9563
The key is whether it can rise above 2.28 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- Because the chart has not been created for long, the role of support and resistance points may be weak, so be careful when trading. (Grayscale Ethereum Mini Trust 1D chart) The HA-Low indicator on the 1D chart was created at the 2.28 point. Therefore, the key is whether it can receive support near the gap (2.09-2.18) section on the 1D chart and rise above the HA-Low indicator on the 1D chart. If it is supported near the HA-Low indicator on the 1D chart, we need to see if it can break through the gap (2.59-2.83) on the 1W chart. - Have a good time. Thank you. -------------------------------------------------- (ETHUSDT 1D Renko chart) - (ETHUSDT 1D chart) The key is whether it can support near 2.359.35 and maintain the price above the M-Signal indicator on the 1W chart. Based on the current price position, the most important thing is whether it can maintain the price by rising above the M-Signal indicator on the 1M chart. Because I think that is the most likely way to turn into an uptrend. -----------------
AMEX:ETH
by readCrypto
ETH/USD Bearish Outlook as Price Struggles Below Key Pivot LevelETH/USD Technical Analysis Current Outlook: The price of Ethereum (ETH/USD) is trading just below the pivot line at $2,374, showing bearish momentum. The current setup suggests that a downtrend is more likely, with the price failing to break above key resistance levels. Best Scenario: The downtrend scenario appears to be the best, as the price is trending below the pivot level. If ETH fails to reclaim $2,374, it is likely to continue its downward movement toward a support level of around $2,000 and potentially lower. A significant recovery would require stabilization above $2,374, which is currently less likely given the bearish volume. Key Levels: Pivot Point: 2374 Resistance Levels: 2505, 2755, 3018 Support Levels: 2001, 2155, 1787 Expected Range Today: The price is expected to fluctuate between $2,374 and $2,001, with a bias toward further downside. Overall Trend: The overall trend remains bearish, as long as the price stays below the pivot point at $2,374. If the price manages to break above this level, the trend could shift, but for now, downside pressure dominates. Previous idea:
BITSTAMP:ETHUSDShort
by SroshMayi
1
Sep.3-Sep.9(ETH)Weekly market recapLast Friday, employment data was released, showing that the unemployment rate dropped from 4.3% to 4.2%. Although non-farm payrolls (NFP) increased, they still fell short of expectations. BTC initially rose upon the release of the data but quickly reversed course and turned negative. The U.S. stock market also opened lower, signaling that as the labor market weakens, funds in risk assets are starting to avoid risk. Over the past week, BTC ETF daily fund flows were mostly net outflows, while ETH ETFs saw little significant movement. This reflects the current tight financial environment and increasing risk aversion. This situation may persist until looser monetary policies are implemented and more liquidity is available. ETH experienced further declines last week, giving back all of its 2024 gains and returning to the consolidation range seen at the end of 2023. Trading volume was below the historical average. According to the WTA indicator, whale activity was minimal following Friday's drop, and participation levels across all categories have been decreasing. The ME indicator continues to show a bearish trend, with short positions strengthening. In conclusion, we expect ETH to maintain a bearish trend this week. We are lowering the resistance level 2400 and the support level 2100. ETH experienced further declines last week, giving back all of its 2024 gains and returning to the consolidation range seen at the end of 2023. Trading volume was below the historical average. According to the WTA indicator, whale activity was minimal following Friday's drop, and participation levels across all categories have been decreasing. The ME indicator continues to show a bearish trend, with short positions strengthening. In conclusion, we expect ETH to maintain a bearish trend this week. We are lowering the resistance level to 2400 and the support level to 2100.
COINBASE:ETHUSD
by Sypool
Alikze »» BTC | Ascending diamond pattern🔍 Technical analysis: Ascending diamond pattern - According to the latest analysis presented , Bitcoin made a correction based on the predicted path to the second green box area of ​​the $50,000 correction range. - In the recent modification, a double zigzag has been formed. The second zigzag is a flat correction. According to the formation of an ascending diamond pattern in the green box area, after the failure of the dynamic trigger, the diamond pattern will be confirmed and it can expect to climb up to the specified areas according to the previous analysis. 💎 Note: Also, if a failure occurs from the bottom of the template, this template is invalid and must be checked and updated again. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:BTCUSDT
Long
by alikze
2
ATOM: Signaling Further Market Decline?In this analysis I want to take a closer look at the state of the market. ATOM Was a decent performing token in the previous cycle, but it sadly failed to impress investors this cycle. Most striking is that ATOM is one of the few alts which has actually made a new bear-market low. This token has never entered a bullish phase like most tokens did and has basically made lower-lows throughout. This token had a 5B marketcap just a few months ago, so we're seeing some serious money leaving this token. Naturally, there's something going on in the background which amplifies the sell-off, but I'm looking at it as a potential signal that the alt market is currently in a bad spot. There's a lot of alts that are currently not far away from their bear-market lows. If we see more and more making fresh lows it could be an indication that more selling is yet to come.
Short
by FieryTrading
6
Ethereum (ETH) Struggles Below Key Resistance LevelsCurrent Market Activity: Ethereum has been consolidating below the $2,600-$2,900 range after the August 5th capitulation, signaling potential for further downside. Key Resistance Levels: $2,600-$2,900: Until Ethereum reclaims this range, bearish pressure remains dominant. Bearish Scenario: If Ethereum fails to break above this resistance, a drop into the $2,100-$2,300 zone is possible. Long-Term Outlook: Despite short-term challenges, there is optimism for a stronger crypto market in 2025, driven by a weak Dollar and low interest rates. Bullish Scenario: Ethereum needs to reclaim the $2,600-$2,900 range to shift momentum back in favor of the bulls. #Ethereum #ETH #Crypto #MarketAnalysis #TechnicalAnalysis #Cryptocurrency #Bearish #SupportAndResistance #PriceAction #LongTermOutlook
COINBASE:ETHUSD
by Richtv_official
ETH/USDT Weekly Update:The weekly chart of ETH/USDT shows a strong ascending trendline support that has been respected over the past several months. The price is currently testing this trendline support near the $2,300 level, suggesting a potential bounce from this key support area. The primary support level is the ascending trendline around $2,000 to $2,300. Holding this level is crucial for maintaining the bullish structure. A major resistance zone is highlighted between $4,200 and $5,000. This area has acted as a significant supply zone in the past and is likely to be a major obstacle to further upward movement. If ETH can hold above the trendline support and gain momentum, a potential rally toward the $4,200 to $5,000 resistance zone could occur. This would align with the chart's upward arrow, indicating optimism for a continued upward move. If the price fails to hold the support and breaks below the trendline, we might see a deeper correction, potentially testing lower supports around $1,700 to $2,000. A weekly close above $2,400 with increased volume would provide a strong bullish confirmation, suggesting a higher probability of testing the $4,200-$5,000 resistance zone. Monitoring RSI, MACD, or other momentum indicators on the weekly timeframe could provide additional confirmation of a potential trend reversal or continuation. The presence of a large upward arrow on the chart indicates a bullish sentiment, expecting a rebound from the current levels. Broader market conditions, Bitcoin's price action, and macroeconomic factors will also play significant roles in ETH's price trajectory. Traders should consider setting stop-loss orders below the ascending trendline or the $2,000 level to manage downside risk effectively. Regularly review and adjust positions based on evolving market conditions and price actions near key levels. This weekly update outlines the critical levels and scenarios for ETH/USDT, highlighting the importance of the ascending trendline support for the continuation of the bullish outlook. Watch for confirmation signals and stay aware of market influences that could affect ETH's performance. Disclaimer: This is not financial advice. Stay updated with market movements and adjust your trading strategy accordingly. Keep an eye out for further updates and analysis. Thank you!
Long
by CryptoSanders9563
TON: The Perfect Entry For Those Who Missed The Pump!TON has seen some serious volatility as of late. The founder, the CEO of Telegram, recently got arrested in France, which send the token down. For investors who missed the boat before, this is a great chance to step in. TON has arguably the biggest app for communication behind it, so there's still room for growth once Telegram incorporates TON into it's application on a deeper level. Looking at the chart, the most logical place to buy would be from the bottom diagonal support. I put the entry at 4$ as a guide, but feel free to move it up or down depending on where the price touches the support level.
Long
by FieryTrading
1
ETH/USDT Long Update:The chart depicts a descending channel, with ETH/USDT currently trading near the lower boundary of the channel, which has historically acted as a support level. ETH is approaching a key horizontal support zone around $2,100-$2,200, where buyers may look for entry opportunities. The major support zone lies between $2,100 and $2,200, as highlighted on the chart. This level aligns with the lower trendline of the broader ascending trend from the past year, suggesting a confluence of support. Immediate resistance is located between $2,800 and $3,000. A further resistance zone is identified around the $4,000-$4,600 range, which corresponds to a previous major supply area. The chart suggests a bullish scenario where ETH could initially rebound from the current support area, targeting the $2,800-$3,000 resistance zone. A breakout above the descending channel and subsequent resistance zone would indicate a stronger bullish continuation, potentially targeting the higher resistance at $4,000-$4,600. The presence of the large upward arrow on the chart reflects optimism for a bullish bounce within the identified zones. Continuation of the broader uptrend depends on maintaining support levels and breaking through key resistance zones with momentum. This update suggests a cautiously optimistic outlook for ETH/USDT with clear levels to watch for bullish confirmation and risk management considerations. Keeping an eye on volume and price action around these critical zones will be crucial for confirming the next major move. Disclaimer: This is not financial advice. Stay updated with market movements and adjust your trading strategy accordingly. Keep an eye out for further updates and analysis. Thank you!
by CryptoSanders9563
Sept 6. Start DCA'ing these altsOverview: The FRED:SP500 is down, NASDAQ:QQQ is down even more, and COINBASE:BTCUSD has dropped. Everything is red! Or wait… BINANCE:SUIUSDT is up! Could this still be the effects of the Grayscale Trust, and how much longer can SUI defy the overall market? Previous Grayscale picks like BINANCE:NEARUSDT and BINANCE:TAOUSDT aren’t performing as well on red days like yesterday. The Fed reported fewer new jobs added in August—lower than expected, even after multiple revisions. This was also fewer than the job additions in August of the past few years. Quantitative tightening is in full swing! These metrics signal a potential path to a rate cut, but large economies like the U.S. don’t pivot easily, especially not with just a move from 5.50% to 5.25%. Higher unemployment and fewer job openings will likely persist for months, possibly even quarters. Yet, no federal bailouts? No major bankruptcies? Meanwhile, commercial real estate is still struggling, with San Francisco’s office vacancy rate rising to 37%, up from 36.7% in Q1 2024. BTC ETFs are seeing 9 consecutive days of outflows. BINANCE:ETHUSD has seen consistent selling throughout August, except for a slight uptick on August 28th when Blackrock bought slightly above the original Grayscale Trust level. Believe it or not, this is when whales start dollar-cost averaging (DCA) back into the market. So why is the market falling if big players are buying? These deep pockets unloaded their portfolios and secured profits early in the year when green candles were stacking up. The current selling pressure is from retail traders, as reflected in ETF trends. If you still have cash (or those precious paychecks), this could be a good time to spread it out into 10-15 weekly buy orders. Don't try to catch the exact bottom—just remember the old adage: "Be fearful when others are greedy, and greedy when others are fearful." W: It’s only the first week of a bloody September, and BTC is already nearing the $52.15k weekly level. Sunday might be calm, with a potential bounce back to $55.9k. But watch out for Sunday evening (U.S. Eastern time) when the Asian bears wake up. D: Friday closed lower than August 5th. This is the third time we’re testing the $52-54k range—July 5, August 5, and now September 6. History doesn’t repeat, but it often rhymes. The worrying sign: yesterday’s volume was much lower than the previous two occurrences. No need to look far; volume has been rising over the last 7 days, confirming bearish sentiment. 4h: RSI dipped below 30 at 4 PM Eastern, but since then it’s bounced back 1.5%. Looking back at July 5 and August 5, we can see a key level around $54.4k (though this doesn’t hold on the daily chart). This is the point where decisions must be made. 1h: Price action is moving sideways. Alts relative to BTC: ETH has dropped more than BTC and other altcoins, falling to levels not seen since January 11th when the BTC ETF was approved. The argument that Layer 2 solutions diminish ETH’s "sound money" status isn’t helping. Bearish. On the bright side, APT has been trading below BTC ETF demand for 91 days and could be a good option for DCA. SUI shrugged off the recent sell-off and posted a 5.13% green candle, making it another solid contender alongside APT, as both are already below BTC ETF price levels. Bull case: Everyone who could sell has already sold. Now, only the diamond hands remain. Bear case: The capital allocators have finished realizing gains, and retail traders are finally waking up to the fact that the bull run has been canceled. Fear and Greed Index: 25.97 – an all-time low for 2024 and 2023. Prediction: A short-term rebound over the weekend, followed by further declines next week. Opportunities: Check out weekly and 4-hour divergences in major altcoins. Are you shorting TON yet? Mistakes: The bullish MACD divergence didn’t play out for BINANCE:SOLUSD , BINANCE:ARUSD , and BINANCE:AVAXUSDT . When big brother (BTC) makes a move, it doesn’t matter what the technical analysis says for altcoins.
COINBASE:BTCUSD
by EvgenCapital
This Bitcoin Dump Is Normal - But For How Long?In this analysis I want to take a look at the BTC_ATHDRAWDOWN indicator, which tells us how much percent BTC is trading under the current all-time high. Every time that BTC makes a new all-time high this indicator reaches a value of 1. As seen on the chart, BTC has seen a lot of big drops during bull-markets. Most of these drops have reached the yellow area (which reaches from -20% to -27%). This is "normal" and not something we have to worry about. What we have to worry about is when BTC goes from 1 to something below 0.27. Historically, this as signaled that either the cycle is over or that we're in for a prolonged period of bearish price action. Like I mentioned in my previous analyses, bulls have to start buying again in the very near future. If BTC continues bleeding like it does now there's a high probability of dropping even more.
BShort
by FieryTrading
2
ETH/USDT Daily Chart Analysis:!!ETH/USDT has been in a downtrend since peaking at around $4,600, with lower highs and lower lows forming a descending pattern. The current price is near the significant support zone around $2,100, which is crucial for maintaining the bullish structure. The key support is at $2,100, a historically significant zone that has acted as support during prior market corrections. The immediate resistance to watch is around $3,000, a previous support zone that has turned into resistance. A move above this level could lead to further bullish momentum towards the next resistance near $3,800. A strong bounce from the $2,100 support, potentially leading to a test of the $3,000 resistance. A break above this resistance could target higher levels around $3,800. Failure to hold the $2,100 support may trigger a deeper decline towards the next support zone around $1,800, or possibly lower if selling pressure intensifies. Pattern Observation: The chart suggests a potential double-bottom formation around the $2,100 level, which could indicate a bullish reversal if confirmed by a breakout above the neckline resistance at $3,000. The presence of a descending triangle pattern also hints at a bearish continuation if the price fails to break above the key resistance. Volume and Indicators: Volume analysis will be crucial; an increase in buying volume at the support level would strengthen the case for a reversal. Oscillators like RSI near oversold conditions would support a potential bounce, while MACD bullish crossovers could confirm a trend change. For a bullish outlook, setting stop-loss levels just below the $2,100 support is advisable to mitigate downside risk. A bearish strategy would involve short positions on a confirmed breakdown of the $2,100 level, targeting lower support zones. This analysis suggests that ETH is at a pivotal support level, where a potential reversal could occur if buying interest increases. Monitoring key levels and volume will provide further insights into the next likely move. Disclaimer: This is not financial advice. Stay updated with market movements and adjust your trading strategy accordingly. Keep an eye out for further updates and analysis. Thank you!
by CryptoSanders9563
Important support and resistance zones touched Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- ETH has touched an important support zone. Therefore, the key is whether it can receive support near 2159.0. If it falls below 2159.0, you should check whether there is support near 1605.23-1783.0. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture The real uptrend is expected to start when it rises above 29K. The next expected range to touch is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points that are likely to receive resistance in the future. We need to check if these points can be broken upward. We need to check the movement when this range is touched because it is thought that a new trend can be created in the overshooting range. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto