ETH Breakout: Altcoin Surge Ahead?When Ethereum (ETH) breaks through the blue resistance zone between $2,763.95 and $2,821.66, it’s expected to trigger a strong rally. This breakout could fuel significant momentum for ETH and spark a ripple effect across the crypto market, leading to a surge in altcoin prices.
ETH-D
ETHUSDT Bullish Move Expected from Major Support LevelsETHUSDT Technical analysis update
ETH is trading at a key support trendline, where it has been consolidating for the past 90 days. The 100-day and 200-day EMAs are acting as strong support levels on the weekly chart, further reinforcing this area as a significant foundation for price stability. Additionally, a previous resistance level has now turned into a strong support, strengthening the likelihood of an upward move. Given these indicators, a bullish move could be anticipated from the current levels if buying pressure increases.
ETH - Make or Break Zone!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
ETH is currently hovering around the lower bound of its range in the shape of an ascending triangle.
📈As long as the lower red trendline holds, a continuation towards the upper bound of the triangle is expected.
In parallel, if the last major low in red at $2,300 is broken downward, a dip towards the $2,000 - $2,100 weekly support would be anticipated.
Which scenario do you think is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ETH/USDT points highlighted. Ethereum is trading within a descending channel, shown in yellow. Currently, it is near the lower boundary, which has provided support in the past.
The green highlighted area around $2,300 acts as a strong support area. Ethereum is approaching this level, which could potentially trigger a bounce if buyers step in.
The green projected line suggests a potential rebound from the support area, aiming for a potential upside move toward $2,800 and beyond if momentum builds.
The chart includes moving averages that could act as additional resistance points in case of a bounce.
Ethereum fails to hold the $2,300 support, there could be further declines towards lower levels in the channel.
This chart suggests monitoring the $2,300 support area closely, as it could determine whether ETH begins a recovery or continues its downward trend.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
The point of interest is whether it can escape the box section
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(USDT.D 1M chart)
I think that in order for the coin market to start a bull market, it must fall below 4.97 and be maintained or show a downward trend.
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(BTC.D 1M chart)
At this time, in order for the altcoin bull market to start, I think that BTC dominance must fall below 55.01 and be maintained or show a downward trend.
If BTC dominance rises, it means that funds are concentrated towards BTC, so most altcoins are likely to gradually move sideways or show a downward trend.
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(ETHUSDT 1D chart)
For that reason alone, the rise of ETH is significant.
Since all coins (tokens) other than BTC can be classified as altcoins, the rise of ETH, which ranks second in market cap after BTC, can be considered the prelude to the altcoin bull market.
Therefore, if it rises from the current box range (2273.58-2706.15), I think it is highly likely that the altcoin bull market will begin.
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Have a good time.
Thank you.
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- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points.
We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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BTC weekly data is shifting. MASSIVE UPSIDE is waiting now! BUY!BTC has corrected healthily to -20% from its peak after reaching its parabolic ATH highs of 73k.
Now the mother of all of coins is showing some strength again. Weekly data metrics is shifting now and buyers are back again, positioning aggressively for the next RUN-UP to ATH and beyond.
From our weekly chart diagram above, you can observe that the black bear cells has faded and the white dot (longs) has literally escaped the shorts prison cell (black cell). This signal has never missed since the 15k BTC season. The batting average of this one playing out again is very very high.
This week is the best time to SEED. Get them all planted now. BTC is already up by 10% after that quick bounce from the strong major order support at 57k area. Signs of what's coming next after this week.
Spotted at 60k area.
TAYOR.
#ALTCOINS Season is commingwe are in a strong resistance for #BTC_DOMINANCE so we have to expect reversal from here
& If this happened means.......
1. we are in #altcoins bottoms
2. #altcoins season is coming so soon
3.it is the right time to invest in #altcoins not #BTC
*********** This is my expectation for next weeks **********
******( MAY BE I AM COMLETELY WRONG, PLEASE DO YOUR OWN PLANS ) *******
CRYPTOCAP:BTC.D
CRYPTOCAP:BTC
CRYPTOCAP:ETH
#BTCUSDT
#bitcoin
#BTC
#BTCUSDT
#BTCUSD
#BTCETH
#ETH
#ETHUSDT
#ETHBTC
#ETHUSD
#trade
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#Crypto_investing
#Cryptoinvesting
Oct.29-Nov.04(ETH)Weekly market recapLast Friday, the non-farm payroll data fell significantly short of expectations, leading to a substantial increase in interest rate cut anticipations. The price of ETH surged before retreating, with the majority of traders attributing the disappointing data to the impact of the hurricane, as the market response was less than favorable.
Currently, the differing expectations regarding monetary policy and future inflation between the two candidates in the U.S. election make the election outcome pivotal for the mid-term trajectory of BTC, while also impacting the price of ETH. Should Trump be elected, the promised favorable policies may come to fruition, increasing the likelihood of institutional investments in BTC, thereby enhancing its fundamentals as digital gold. Conversely, if Harris takes office, the SEC is expected to maintain its stringent stance on cryptocurrency regulations.
Last week, ETH experienced an initial rise followed by a decline, but the overall fluctuations were minimal, remaining within a consolidation range without any significant trend. The WTA indicator showed blue bars representing whales, which disappeared after Saturday, indicating a withdrawal of substantial capital. The ME indicator continues to reflect a bearish trend.
In summary, we anticipate that ETH may continue to oscillate this week. We maintain our previous resistance level at 2800 and support level at 2200.
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.
ETH Price Holds Steady at Key Support LevelETHUSDT Technical analysis update
ETH price has been trading within a triangle pattern for the past 85 days, with multiple touches on both the resistance and support lines. A breakout is likely soon. If the price breaks above the resistance line, a strong bullish move could follow. However, if it breaks below the support, the price may drop to the $1,800 - $2,000 range.
ETH price has formed a triangle pattern at a strong 2-year support line.
In weekly charts 100 and 200 EMA acts as a strong support for ETH.
Currently, the ETH price is trading at a strong support level, indicated by multiple technical indicators. We can expect a bounce from this level after a few days of consolidation
Regards
Hexa
ETH Bouncing Off Key Support – Rally on the Horizon?Hey everyone!
If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates!
Welcome to this quick ETH update.
ETH is forming a descending triangle like structure in the daily time frame and currently holding the lower trend line of the triangle. It is holding the trend line and bouncing very well so far.
As long as, ETH is holding the trend line we can expect a good rally from here.
What’s your take on ETH’s current price action? Are you spotting this bullish setup too? Share your analysis in the comments, and let’s ride this wave together!
ETH/USD Potential Rebound from Bullish Trendline, Target $6,000This analysis focuses on COINBASE:ETHUSD price movement in the daily chart, highlighting a strong bullish trendline pattern. Currently, Ethereum's price is forming higher lows, indicating strength in the ongoing upward trend. The price is approaching the trendline, signaling a potential rebound that opens up bullish opportunities.
If the price successfully bounces off the trendline, the profit target is set at the psychological level in the range of $3,500 to $6,000. However, if the price breaks below the trendline, this bullish signal will be considered invalid. The stop loss is placed at the psychological level of $2,200 or if the price breaks below the trendline.
Ethereum Price Surging: Will It Hit $6,000?Ethereum ( CRYPTOCAP:ETH ), the world’s largest altcoin, is currently defending key support levels around $2,400 and preparing for a potential mega rally. With analysts setting ambitious targets of up to 2.5x gains, Ethereum enthusiasts are eagerly watching for signals of a significant bullish breakout.
Key Technical Support Levels
Currently, Ethereum is defending a crucial support zone at $2,400. Over the weekend, the CRYPTOCAP:ETH price rebounded sharply, climbing above $2,500 and signaling a potential upside. The current price structure offers a compelling opportunity for investors, and a move past the $2,680 resistance would give bulls more leverage.
For Ethereum to truly confirm a rally to $6,000, breaking this key resistance is essential. We also highlight the impact of broader market sentiment, with ETH needing to outperform Bitcoin (BTC) to catalyze an altseason. However, Bitcoin’s current dominance of 60.5% presents a challenge, with Ethereum’s market share having dropped from 18% earlier this year to 13%.
Institutional Interest and Developments
Despite its recent underperformance compared to Bitcoin, Ethereum continues to attract institutional interest. Last week, Swiss banking giant UBS launched its first Ethereum-based tokenized investment fund in Singapore, reflecting the enduring confidence of financial institutions in Ethereum’s potential.
Furthermore, the Ethereum ecosystem's ongoing development is another bullish factor. A research analyst at 21Shares has compared Ethereum’s current stage to Amazon in the early 1990s. Leena ElDeeb from 21Shares stated, “Ethereum is complex, akin to Amazon in the 1990s — promising vast potential but less straightforward in its use cases.” Just as Amazon evolved from an online bookstore into a global e-commerce and cloud computing powerhouse, Ethereum’s blockchain, which started in 2015 with basic smart contracts, now powers decentralized finance (DeFi) applications worth over $140 billion.
A Promising Future for Ethereum?
Federico Brokate of 21Shares emphasized Ethereum’s potential to redefine entire industries, just as Amazon did. He also highlighted the network’s extensive and growing talent pool, which could lead to revolutionary use cases and innovations beyond our current understanding. This continuous development positions Ethereum as a key player in the blockchain space, with growth potential that could parallel Amazon’s meteoric rise.
DeFi and TVL Insights
Ethereum’s total value locked (TVL) remains strong, standing at $47.637 billion, with only a slight 0.01% change, as per DeFiLlama data. Despite facing competition from blockchains like Solana, Ethereum’s DeFi landscape continues to attract investors. The bullish TVL figure indicates steady interest and trust in the Ethereum network’s ecosystem, driven by its robust smart contract infrastructure and security features.
Long-Term Projections and Market Sentiment
ETH’s price action is expected to remain volatile, especially with the U.S. presidential election on the horizon. Analysts predict liquidity-driven swings, with Ethereum well-positioned to seize these opportunities. While some traders have anticipated short-term price declines, others are envisioning ETH climbing to $8,000 in the long run, particularly if Bitcoin ignites a bullish rally to $100,000 or higher.
Even though Solana has outpaced Ethereum in TVL growth, Ethereum still boasts a bullish outlook. The DeFi sector's resilience, combined with Ethereum’s evolving use cases, makes it a top contender in the market. Analyst data also shows that ETH’s price could benefit from inflows into Ethereum-based ETFs, pushing bullish momentum even further.
Conclusion
Ethereum is at a critical juncture. While it has lagged behind Bitcoin in recent months, the technical setup and fundamental developments suggest a strong recovery could be imminent. With significant support at $2,400, bullish patterns forming, and a growing ecosystem, the journey to $6,000 and beyond seems achievable. As institutions increase their involvement and the community continues to innovate, Ethereum ( CRYPTOCAP:ETH ) could surprise us with revolutionary use cases, solidifying its position as the next Amazon of the blockchain world.
Bitcoin: Small Dip to $49k Or Crypto Winter down to $15k?There are two potential options for Bitcoin price.
1) Price will complete ABC correction as we have A-B in place already.
The wave C could retest the valley of wave A at GETTEX:49K
2) Large red second leg down could complete a bigger correction.
It could retest the bottom of leg 1 around $15k.
Only below GETTEX:49K we can see what structure is unfolding.
What are your thoughts why such a huge collapse is possible?
Media says miners start switching to AI investments to drop cryptos.
Please share your thoughts down below
The point to watch is whether it can rise to around 2555.69
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-------------------------------------
(ETHUSDT 1D chart)
I told you that in order to get out of the current box range (2273.58-2706.15), the price should be maintained above 2419.83.
However, it is currently touching around 2419.83 and rising.
Accordingly, I think the upward momentum may be weak.
Therefore, I think it is better to wait until we see support near 2555.69.
Currently, the M-Signal indicator on the 1M chart has fallen below 2666.70 and is passing around 2555.69.
Accordingly, I think it is not too late to buy after confirming that the price is maintained above the M-Signal indicator on the 1M chart.
If it rises above the upper point of the box section, 2706.15, I think it is highly likely that it will show a sharp upward trend.
Therefore, it is recommended to buy below 2706.15.
Once the rise begins, it is expected to rise to around 3265.0-3321.30.
-
Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale upward trend will begin after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#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
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BRIEFING Week #44: Ready For a Wild Ride ?Here's your weekly update ! Brought to you each weekend with years of track-record history..
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Ethereum's Potential Drop: Key Zones to Watch for Reversalhello guys.
Trendline Break: Ethereum has broken below a significant ascending trendline, signaling potential bearish momentum.
Engulfing Pattern: The price shows a bearish engulfing pattern after breaking the trendline, indicating further downside could be ahead.
Next Target Zone: Price action suggests that Ethereum could target the next support area around $2,300, which aligns with the 0.66 Fibonacci retracement level, as shown in the purple zone.
RSI Divergence: Previous highs displayed a bearish divergence on the RSI, reinforcing the bearish sentiment after the recent top.
Bearish Continuation: A retest of the broken trendline near $2,410–$2,450 is possible, but a failure to reclaim it could lead to further downside.
ETH to $25K - No Joke - BUY & HODLEthereum is at levels not seen since the Crypto Stone Age.
The Crypto Markets will start BOOMING!
ETH ( ETHUSD , ETHUSDT , ETHEUR ) is getting ready to go Bullish.
When? Early '23.
The Fibonacci Time Zones and Cycles tell me that the 3rd Fibonacci Summation is NOW.
So, I reckon Cryptos are getting ready for something BIG.
I do see a last drop before that though.
From Jan '18 until Dec '18 ETH had a whooping 94% crash.
We're only at 82% from Nov '21 top. So I am waiting with buying interest for a much better level.
I am buying big dips, adding value.
If you look at the Ellipse, Ethereum is doing the same pattern it did on the previous Bear Market.
Hmmm...
I've decided on my best BUY level: $550 .
Technical Analysis:
* Elliott Wave A-B-C Pattern
* Jan '18 - Dec '18 Fractal Sequence
* 88.6% Fibonacci Retracement
* Harmonic Pattern: Bullish Cypher
* Fibonacci Extensions Confluence
* Bullish Divergence
* Demand Zone
What more do you need?
Oh yeah, a much better price. :D
We went to the Moon, now let's go to Mars!
ETHEREUM - Time to buy again!The BINANCE:ETHUSDT is in a ascending triangle now which means the price will increase and also It is expected that the price would at least grow as good as the measured price movement(AB=CD). also a bullish Hidden Divergence (HD+) on MACD which shows Positive Signs for ETH.
Note: we should wait for the breaking of the triangle and than make a move, If the triangle breaks, we expect a new ATH to occur, but in new year.
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_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
$ETH going to the moon!BINANCE:ETHUSDT.P
Repeat this trade.
On the chart we can see that the correction I mentioned earlier is underway.
The price is now at the Fibonacci level, which could be the reversal point of this movement.
Also, the price may go a little lower to gain more volume at the support level.
After that a longing pattern will be formed. And the movement will continue towards the strong resistance level and there will be a final denouement. If the price is able to break the resistance level, we will go to take a take, if not, we will have to move the stop.
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Ethereum New Update (Road Map)According to the data we have from various indexes, such as Tether's dominance or Bitcoin, it seems that the most likely scenario for Ethereum is a large diametric.
The red range is a strong supply that is expected to be unreactive when the price reaches it.
We are looking for sell/short positions in the red range.
Closing a daily candle below the invaliation level will violate this analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You