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ETH-D

ETH/USDT 1-day chart update:! ETH/USDT 1-day chart update: ETH has broken below a crucial support level, indicating potential further declines. The price is close to a crucial ascending trendline, which could act as a bounce back with potential resistance around $2,800 if the trendline holds. If the trendline fails, the price could drop to around $2,000. Monitor trading volumes to gauge the strength of the current move. Check RSI levels for oversold conditions, which could signal a potential reversal. Traders should remain cautious and keep an eye out for any signs of trend reversal or continuation. Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
Long
by CryptoSanders9563
ETHUSDT.1DIn my analysis of the Ethereum (ETH/USDT) daily chart, I've identified key technical elements that are crucial for understanding the current market dynamics. Firstly, it's important to note the failure of the Ichimoku calculation, which may necessitate reapplication or adjustment for a clearer analysis. The Moving Average Convergence Divergence (MACD) shows a strong bearish momentum, indicated by the significant separation between the MACD line and the signal line, with the histogram trending downward. This suggests that the selling pressure has been increasing, potentially leading to further declines if not reversed soon. The Relative Strength Index (RSI) is currently at 37.42, which is below the midline of 50 but not yet in the oversold territory (below 30). This positioning indicates that while there is bearish momentum, there might be room for further downward movement before the market is technically considered oversold. From the price action, we observe that ETH has recently broken below the support level at $3,043, now acting as resistance (R1). This breakdown could signal a continued bearish trend towards the next support level (S1) at $2,126.90. If this level fails to hold, the decline could extend further, potentially testing much lower supports. For potential recovery scenarios, ETH would need to reclaim and stabilize above $3,043 to alleviate immediate bearish pressure. A move above this level could open the path towards the next resistance at $4,105.80 (R2). However, given the current market conditions indicated by the MACD and RSI, such a bullish reversal might require significant volume and positive market catalysts. In conclusion, the current technical setup suggests caution for ETH traders, with an emphasis on monitoring the $2,126.90 support level closely. A break below this could lead to significant losses, while a recovery above $3,043 might signal a short-term bullish reversal. As always, it's crucial to consider external market factors and news that could influence price movements beyond what technical indicators alone can predict.
by MarsSignals
ETH is expected to see some stability and big price movementPrice Range and Volatility: I see #Ethereum is predicted to trade within a range of $2,695.10 to $3,503.26 throughout August, with an average price around $3,173.50​. There is a seasonally weak period expected from August to October, which might see ETH prices dropping but still remaining within bullish support levels. If ETH maintains above the $2,555 support level, it could present a buying opportunity​. The anticipation of Federal Reserve rate cuts in September is expected to increase liquidity in the market, potentially benefiting cryptocurrencies like Ethereum. This could lead to increased inflows into ETH ETFs, supporting a price rebound​
INDEX:ETHUSD
by crypto_trade_dad
#ETH/USDT WEEKLY CHART ANALIYSIS !The ETH/USDT weekly update shows a bearish breakdown below a key support level, with the price currently at $2,502.09. Ethereum is approaching an ascending trendline, a crucial support level. Failure to hold this level could cause the price to drop to around $2,000. Conversely, a bounce off this trendline could face resistance at the previous support level of $2,800. Traders should keep an eye on volume and RSI signals to gauge the strength of the current downtrend and potential reversal points. Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
by CryptoSanders9563
Next Volatility Period: Around August 14th - 18thHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (1M Chart) You can see that the 2531.05 ~ 0.382 (2647.80) section is an important section. If it falls in this section, it is likely to turn into a downtrend in the long term, so be careful when trading. - (1W chart) If it falls in the 2531.05 ~ 0.382 (2647.80) range, it is likely to eventually touch the HA-Low indicator on the 1W chart. Therefore, as the price falls, we need to check at what point the HA-Low indicator is generated. If not, it is expected to fall to around 1340.12, where the HA-Low indicator is currently located. However, we need to check for support near the 2159.00 point (the bottom point of the HA-High indicator box on the 1M chart) and the 1783.0 point (the top point of the HA-Low indicator box on the 1W chart). If it rises, it is likely to face resistance near 3265.0-3321.30, so we need to check for support. - (1D chart) It is a medium-term rising channel, that is, it has entered a short-term falling channel while falling from the rising trend line (1) ~ (2) section. This short-term falling channel is a channel made up of high-point trend lines. Therefore, if it falls from this channel, it is thought that it is likely to record another large decline. That is why the key is whether there is support near the 1783.0-2159.0 section. - When making new purchases, it is recommended to check whether there is support near the HA-Low indicator on the 1D chart if possible. Currently, the HA-Low indicator is formed at the 3079.59 point. However, since there is a high possibility that a new HA-Low indicator will be created depending on price fluctuations, I think it is better to wait for it to be created at some point. - The time to buy is when StochRSI > StochRSI EMA and the StochRSI indicator is out of the oversold zone, and you can proceed by checking whether there is support at the support and resistance points. Currently, I think it is most likely to check whether there is support above the 2531.05 ~ 0.382 (2647.80) range. If it falls, 1st: 2159.0 2nd: 1783.0 You should check whether there is support near the 1st and 2nd above. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The range 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: 13401.28 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 -----------------
by readCrypto
Continued decline?Ethereum is in a strong downtrend and has been unable to break through key resistance levels. This indicates continued selling pressure and decreased investor confidence. Support and Resistance Levels: $3110 Level: This is a key resistance level that the price has been unable to surpass and has sharply declined after hitting it. $3000 Level: This level also acted as resistance, and after breaking below this level, the downtrend continued. $2850 Level: This support level was also broken, and the price has reached $2677. $2677 Level: This is an important support level that, if broken, could lead to further price declines. $2170 Level: This is the lowest support level currently, with the price near this level. If this level is also broken, further declines in Ethereum's price may be observed. Ichimoku Cloud and Downtrend: As long as the price remains below the Ichimoku Cloud and key resistance levels, the likelihood of the downtrend continuing is higher. Breaking through these levels could indicate a return of buyer strength and a potential trend reversal.
by MonoCoinSignal
SOLANA to FLIP ETHEREUM scenarioThis is the market cap of SOL divided by the market cap of ETH It's important to look at the m-cap charts since the circulating of these coins are constantly changing. Sol to flip Eth is a good bull market narrative that probably WON'T happen --- but could be still be very profitable. The gap could close to where the pundits will start very talking about it. (This should be a take profit / topping signal when this noise becomes too loud) As you can see. in the chart Solana has broken out of a ratio range and appears to be setting up for an aggressive move after some more pressure being built up in that upward sloping channel. Again this just a scenario that seems to be playing out . No guarantees watch and observe look for good entries no need to go all in BUt having exsposure would not hurt. I shared very early in the cycle that Solana would outperform ETH by multiples... which has come to pass ... this would be the euphoric phase of the cycle where significant Hot and new money could pour into that particular #Blockchain casino.
CRYPTOCAP:SOLLong
by BallaJi
BTC Recent Price MovementRecent Price Movement: BTC has experienced a decline from $65,000 to $50,000 and is now consolidating around $55,000. Support and Resistance: Key support is identified at $50,000 and resistance at $52,000. Technical Indicators: The Relative Strength Index (RSI) is showing oversold conditions, and the Moving Average Convergence Divergence (MACD) is indicating a potential bullish divergence. Example Scenario Range Trading: LONG: Entry: Buy BTC at $55,000 Stop-Loss: $53,000 Take-Profit: $58,000 Position Size: Adjust according to your risk tolerance and capital Breakout Trading: Entry: Buy BTC at $58,000 Stop-Loss: $50,000 Take-Profit: $65,000 Position Size: Adjust according to your risk tolerance and capital Monitoring and Adjustment Continuously monitor BTC's price action and adjust the strategy as necessary. Be prepared to exit the trade early if market conditions change unfavorably. Remember, this is a hypothetical trading idea and should be tailored to your specific financial situation, risk tolerance, and market outlook. Always conduct your own research and consult with a financial advisor before making any trading decisions.
Long
by crypto_trade_dad
Jul.30-Aug.5(ETH)Weekly market recapAfter the release of employment data last Friday, the Sahm rule was triggered and the FUD of recession swept through various financial assets. The stock market and BTC both suffered a very significant correction. But is this really the case? After the employment data was released, BTC and US stocks were the first to react, with US stocks remaining volatile after opening lower on Friday. BTC dumped over the weekend and drove the Asia-Pacific stock market. But gold did not rise. Even under the dual momentum of Iran's potential attack on Israel and recession expectations, it only fluctuated and did not price recession. Another point that has been ignored by the market is that as a leading indicator of recession, U.S. bond yields have been inverted for a long time. The market once priced in a recession in 2023 because of the inversion of U.S. bond yields, but now ignores it at this point. We don’t deny the recession. But we may have already been in it, and the market’s reaction was too violent, at least for BTC and Asia-Pacific stock markets. The volatile upward trend of U.S. stocks after opening lower on Monday, as well as the pullback of XAUUSD, prove this view. Therefore, from a macroeconomic perspective, we do not believe that there is room for further dumping of various financial assets, or that bullish strategies are better than bearish ones. The decline of ETH is much greater than that of BTC. This may be because a large amount of ETH is staked in the protocol, which indeed increases the liquidity but the volatility. ETH has wiped out almost all of its gains from 2024, and it’s hard to imagine this in an environment where an ETH ETF is listed. But in any case, ETH also had a long downward pin-bar, and the bulls strengthened. Judging from the indicators, there have been signs of whales participating in transactions in the past two days, which means that whales have been bargain hunting after ETH fell. The ME indicator has turned bearish. To sum up, we believe that ETH may mainly fluctuate this week, and the downward trend is more likely than the upward trend. We lower the support level to 2400 and the resistance level to 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.
COINBASE:ETHUSD
by Sypool
We are due a 2017 style ALT season.One for the memory banks! Now do we actually get what we are "owed" ?? :) We don't know and nothing is owed to us of couurse But Selling too soon could be quite disastrous... as many peopleI speak to say to me 5X - 10X I am out.. Which may be prudent If you are out. Stay out and don't FOMO back in again near the tops So it's best to scale out in my opinion last cycle was a quite difficult Alt season ... some bag holders actually did not get to experience any euphoria Hence why I am leaning to an exsplosive alt season BTC at $70k doesn't feel euphoric so what will it take?
CRYPTOCAP:TOTAL2Long
by BallaJi
2
Chainlink Business As Usual It might seem like a shock for most that Chainlink had this big move down, but if you have spent a lot of time studying Chainlink's last cycle, you would know that this is business as usual. The fact that Chainlink had this move has made me more bullish than ever. We are currently 64% down from March 2024. Crazy? I think not. 71% 71% 62% 44% These are all the corrections Chainlink had during its last cycle to its all-time high. All we are doing is a back test to this previous range. Chainlink was doing the same thing last cycle. If we overlay the last cycle over this starting from wave 5, we can see that we have had a crash during the same time of the cycle as we did in March 2020 (Covid). Crazy. I would not be surprised if Chainlink closed above $11 by the end of the week, just above the 1:1 Gann Fan, and started a V-shaped recovery, marking the bottom. There is a very high chance. Once again, my time fibs hit right on the money. The blue fib marked the bottom, and the yellow marked the top! **Next date: 18th Nov 2024**
COINBASE:LINKUSDLong
by Sporia
7
Chainlink Business As Usual It might seem like a shock for most that Chainlink had this big move down, but if you have spent a lot of time studying Chainlink's last cycle, you would know that this is business as usual. The fact that Chainlink had this move has made me more bullish than ever. We are currently 64% down from March 2024. Crazy? I think not. 71% 71% 62% 44% These are all the corrections Chainlink had during its last cycle to its all-time high. All we are doing is a back test to this previous range. Chainlink was doing the same thing last cycle. If we overlay the last cycle over this starting from wave 5, we can see that we have had a crash during the same time of the cycle as we did in March 2020 (Covid). Crazy. I would not be surprised if Chainlink closed above $11 by the end of the week, just above the 1:1 Gann Fan, and started a V-shaped recovery, marking the bottom. There is a very high chance. Once again, my time fibs hit right on the money. The blue fib marked the bottom, and the yellow marked the top! **Next date: 18th Nov 2024**
COINBASE:LINKUSDLong
by Sporia
Alikze »» SOL | Bullish Flag🔍 Technical analysis: Bullish Flag - In the last analysis presented, it was mentioned that an upward cycle is being completed. - Currently, a cup pattern has formed on the weekly time frame after an upward rally, followed by a small valley. - As you can see, after a zigzag correction in the liquidity zone, an ascending flag has also been formed. - Therefore, by maintaining the area and breaking the channel, it can experience another growth equal to the height of the rising wave. 💎 Also, note that if the $100 range is broken and there is a stabilization below it, it should be re-checked and updated. »»»«««»»»«««»»»««« 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:SOLUSDT
Long
by alikze
9
Ethereum's Revival A Prime Opportunity for a Strong Rebound Analyzing the current market conditions for ETH/USDT, there are several technical indicators suggesting that Ethereum might be poised for a significant upward movement from its current price of $2,444. The recent sharp decline in price has brought Ethereum to a crucial support level, which has historically acted as a strong foundation for upward reversals. Firstly, the Relative Strength Index (RSI) has dropped below the 30 level due to the recent sell-off, indicating that Ethereum is currently in oversold territory. This suggests that the selling pressure may have been overextended, providing a potential opportunity for buyers to enter the market and capitalize on the discounted price. The Moving Average Convergence Divergence (MACD) is also starting to show signs of a bullish crossover. The MACD line is approaching the signal line from below, which often precedes a bullish trend reversal. This potential crossover, coupled with the oversold RSI, strengthens the case for a price rebound. Additionally, the Bollinger Bands have expanded significantly during the recent price drop, reflecting increased volatility. However, the price has begun to stabilize around the lower band, suggesting that the downward momentum is waning and a reversal could be on the horizon. Furthermore, the trading volume has spiked dramatically during the sell-off, indicating heightened market interest and participation. Historically, high volume during price declines can precede reversals as it suggests that new buyers are stepping in to absorb the selling pressure. The Fibonacci retracement levels also align with this analysis, as the price is currently hovering around the 61.8% retracement level from the previous rally. This level is often considered a strong support area where price reversals are likely to occur. From a fundamental perspective, Ethereum continues to see strong network activity and development progress, further supporting the potential for a rebound. The recent pullback may have been driven by broader market sentiment rather than any Ethereum-specific issues, providing an attractive entry point for long-term investors. Given these factors, it seems like an opportune moment to consider buying ETH/USDT in anticipation of a medium-term price increase. The combination of oversold conditions, technical support levels, and strong fundamental backing suggests that Ethereum is well-positioned to recover from its recent dip and potentially target new highs in the coming weeks and months.
Long
by SafeCryptoSignals
Alikze »» BTC | Next move scenariosAccording to the analysis presented in the weekly time frame, Bitcoin registered a new ATH and is currently facing selling pressure in the lower time frame. Three movement scenarios can be considered for the next movements of Bitcoin. 🔰 The first scenario : if it is not able to break this ceiling in the weekly or daily time, it can continue its growth with a pullback to Fibo 0.78, the range of $50,000 and confirmation of the return to Fibo 1.618 and the next supply area. 🔰 The second scenario : with the failure of the current area, it will grow up to the Fibo 1.618 range of $75,000 and continue its growth with a pullback to the previous major ceiling until the supply area. 🔰 Third scenario : if it enters the correction phase and if it breaks the 0.78 fibo, this correction will continue and probably touch the 1.272 fibo of the previous wave. »»»«««»»»«««»»»««« 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. Sincerely.❤️
Long
by alikze
27
Ethereum : WHALES sell, RE-Accumulation Phase NOWIt's made headlines that large whale wallets have sold off large chucks, driving the price of ETH down by over 35% in only a few days. We see a yearly low in the daily RSI, as well as an "Oversold" flash on the Technical indicator. The good news, is that this will give buyers a few weeks to re-accumulate ETH before the next impulse wave up starts: For the short term, the price will likely continue to trade down the lower Bollinger Bands until the sell-off is over. Retail is catching on to the sell off, so it's likely we'll see wicky price action as this kind of volume will be attractive for algo trading. For the SHORT and NEAR term I am bearish, but for the NEAR to LONG term I remain bullish that another impulse wave up is next. __________________________ BINANCE:ETHUSDT
Short
by CryptoCheck-
1
EthereumI'm finding myself gravitating more towards this crypto over Bitcoin, and that's mainly due to Ethereum's price. I'll explain my chart along with what I'm anticipating. What am I anticipating? Price is currently breaking a key lower-high on the weekly, which happens to also be the same area as the monthly (key) lower-high. Once that bull candle closes pass those levels at the end of today then the weekly turns bullish. Normally, price would run into an old key area in order for the retracement phase to begin. I'm looking for bull continuation to spike the A.T.H. and $5000 price point followed by a correction right into my area of interest (A.O.I.). Do I have a "special" price within the A.O.I.? I actually do! $2400. In conclusion, I'm merely a spectator until the bears enter the market to drive price down, and if that doesn't happen due to bull momentum, I'll readjust. M - 🐻 W - 🐻 *If today's candle closes above the key LH, it turns 🐂* D - 🐂 H4 - 🐂
BINANCE:ETHUSD
by ChrisJTradesFX
3
ETH Ethereum ETFs Set to Launch. Short Term Price TargetIf you haven`t sold the top on ETH: Then you need to know that the Chicago Board Options Exchange (CBOE) has announced that five spot Ethereum exchange-traded funds (ETFs) are slated to begin trading on July 23, pending regulatory approval. However, the launch of these Ethereum ETFs could lead to a price decline similar to what was observed with Bitcoin. After the launch of the spot Bitcoin ETFs in January 2024, Bitcoin experienced a notable drop in its price. Initially, Bitcoin was trading above $48,000 but then plummeted to as low as $38,700 on January 23, 2024. This represents a nearly 20% decline from its high​​. The initial drop of 5% was observed shortly after the ETFs went live, attributed to profit-taking behavior and market dynamics​. For Ethereum, a similar scenario could unfold. The influx of capital and the heightened attention could initially drive up prices. However, once the ETFs start trading, profit-taking behavior might set in, potentially causing Ethereum's price to fall by 5% to 20%. Investors should be prepared for potential volatility surrounding the launch date. My Price Target is $2800.
Short
by TopgOptions
1
ETH's Situation: What Shall we Expect !!!The price felled to PRZ zone. and now price can react to PRZ zone and then rise up. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:ETHUSD
by CobraVanguard