ETH breakout??Ethereum has generally been falling behind this Bullrun with some disappointing PA. Currently RTH finds itself able to prove some LTF strength with a breakout play on the 15m timeframe.
After trending to the downside over the weekend ETH has hit a bullish OB and reacted well off that level that coincided with the bottom of the channel. Price has now broken out to the upside, retraced to test that level as new support and it's here where R;R is strong should ETH show some strength and push upward.
Some points of confluence would be the 200ema now trending up and is at the same support level as the trendline, I'd like to see good support here.
Easy invalidation would be a break in structure at the local low, along with a loss of the 200ema & trendline support. BTC's behaviour also a factor in this move too as it always is when HTF chop occurs.
ETH-D
Ethereum's Bullish Surge: Prepare for Massive Gains!Bullish Scenario:
The chart shows a significant resistance zone between $2,750 and $2,825 (highlighted in blue). If Ethereum breaks above this resistance, it could indicate a potential bullish continuation.
After breaching the resistance, the price may target the $3,000 psychological level, followed by $3,086, as indicated by the horizontal level.
If Ethereum continues to create higher lows, this would confirm the strength of the upward momentum.
Bearish Scenario:
The green zone around $2,519 to $2,564 represents a key support level. If Ethereum fails to sustain above this level, it could fall back to test lower supports.
A breakdown of the green support zone could lead to the next support $2,439. In a more bearish case, the next target could be around the orange support area between $2,117 to $2,172, indicating a larger sell-off.
9/30 Market Surge: SP500, Crypto, and Whale AccumulationOverview:
The AMEX:SPY closed strongly today, spurred by dovish remarks from Jerome Powell during a press conference. Powell signaled that the economy is cooling and reiterated the Federal Reserve’s commitment to achieving 2% inflation. As a result, 61% of traders now anticipate a 1 basis point rate cut in November, while 39% expect a 2 basis point cut. The AMEX:SPY had been gradually sliding earlier in the day, but Powell’s comments fueled a rally, allowing the index to engulf Friday’s red candle. Trading volume for the SPY ETF more than tripled during the press conference, reaching levels similar to Wednesday, September 18, when the recent rate cut was announced. Bullish.
The tech ETF NASDAQ:QQQ didn’t manage to engulf Friday’s candle but still saw a solid rally, accompanied by trading volume that was 10x higher than usual.
BlackRock continued its buying spree, acquiring $72.2 million worth of BTC, which is below their usual $118 million purchases. Over the past six days, BlackRock has accumulated nearly half a billion dollars worth of BTC and an additional $100 million of ETH. Is this how whales are dollar-cost averaging into the market?
BTC TA:
W: BINANCE:BTCUSD saw a sharp sell-off originating from Asia early Monday. Despite this, it remains above the Bollinger Band MA at $62.8k. The point of control for the current bull move is at $63k, with key weekly and daily resistance at $64k. BTC must hold within the $63k-64k range to maintain the bullish trend; failing to do so could signal one of the year’s largest bull traps.
D: The recent correction has halted precisely at the point of control, where the most trading activity occurs. However, the RSI remains overbought at 73.4, and the MACD shows bearish histogram divergence. Bearish.
4h: On shorter timeframes, RSI has moved into oversold territory. Additionally, the VWAP oscillator has crossed above the 0 line, signaling short-term bullishness. A rebound to the $64.7k Fibonacci 0.618 level is possible. Bullish in the short term.
1h: Price broke through the weekly and monthly resistance at $64 k but is struggling to maintain this level due to significant selling pressure. Neutral to bearish.
Altcoins Relative to BTC:
Top altcoins have started pumping again after Monday’s correction. Coins like SUI, APT, and FTM posted gains of more than 7% by early Tuesday. These altcoins have proven that the recent correction was not a bull trap and are leading the market in this cycle. Even if BTC remains range-bound, altcoins could continue to pump, interpreting the situation as a non-bear market scenario.
Bull Case:
The bull trap has been avoided, and the market has resumed its uptrend. With additional liquidity expected from future rate cuts, the correction is seen as a temporary pullback. The Federal Reserve's dovish stance increases the likelihood of more liquidity flowing into speculative assets like crypto.
Bear Case:
The market may still be caught in a massive bull trap. Altcoin buyers at these levels could find themselves overexposed if the broader market falters.
Fear and Greed Index:
Currently at 47.89, the index has pulled back from the "Greed" area and is now just below the midpoint of 50, indicating a neutral sentiment in the market.
Prediction:
If BTC fails to reclaim $64 k , sentiment may shift bearish in the near term. Conversely, reclaiming this level could pave the way for further upside, with a first target of $67k.
ETH, recent pump barely scratching the surface MASSIVE MOVE NEXT
ETH recent pump was an indication of things to come -- good things.
The coin went from 1700 to 1900 within 72 hours -- indicating that a longer shifting trend is about to materialize. Based on recent news, low supply of ETH is being detected on most exchanges depicting a bullish scenario for the coin.
On weekly data, new higher lows was created both on Histogram and pricing -- conveying the recent ascend with the current price range to be the new base for the incoming significant price growth.
Weekly data price movement volatility has been on the conservative side hinting that for every higher low it established -- it is creating a solid support range.
On Tri monthly data -- it is hinting of the same bullish continuation scenario. Surging price valuation on longer time spectrum. A bubble up volume has finally appeared after 5 months of waiting, last one was on January 2023.
Expect significant price valuation for ETH in the next coming weeks.
The weekly chart is too clean, direction is certain -- no further explanation needed.
Spotted at 1850.
TAYOR
Safeguard capital always
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Ethereum's bigger trend is bullishFrom where we inserted the green arrow on the chart, Ethereum has started to create a bullish diametric.
Now the F wave is over and Ethereum is preparing itself to move in the form of a G wave.
By maintaining the green range, it can be pumped towards the targets listed on the chart.
This means altcoins are bullish for at least 60-80 days
Closing a daily candle below the invalidation 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
Ethereum just entered an accumulation phase after the breakoutEthereum just broke out of the months-long channel, and in this case, we didn’t see a breakout with strength and volume. However, ETH is entering an accumulation phase and will consequently need to make a decision to break out and rise back to last month's levels.
Just remember that the backbone of all cryptocurrencies is Bitcoin, and if Bitcoin decides to go up, the entire crypto market will rise as a result. So, I invite you to check out my Bitcoin analysis.
Thanks for supporting my analysis.
Good luck!
Ethereum : ETH still BULLISH - Here's WhyFrom a macro analysis, ETH is very clearly in a bullish season. Apart from the obvious (following Bitcoin) there are a few other factors from which we can deduce that ETH is gearing up for another impulse wave UP.
👉 Higher lows
👉 Diagonal trendline acts as macro timeframe support
👉 Currently Three-White-Soldiers in the weekly - Bullish candlestick pattern
From a technical indicator perspective, we can see a healthy bounce on the lower white trendline. We can expect the rally AFTER the price reclaims the now upper red trendline (at which point it will turn GREEN).
The price is about to reclaim the 50d Moving Averages which, in the weekly timeframe, signals a bullish move:
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BINANCE:ETHUSDT
ETH/USD Short - last flush before the elections. The current 4-year crypto cycle is fairly mature. While previous 4-year cycles have begun to trend upward from October, this does not preclude us from seeing a last flush or even a three-month decline through to January. Particularly with so much institutional money involved now. Just keep in mind what Elon's single tweet did to the previous bull market during its mid-bull run.
NFP 120 (Cons:130) and unemployment rate 4.4 (Cons: 4.3) both come in bearish this Friday 4th of October. we continue up till then.
Ethereum on the Rise, Poised for a Bullish BreakoutBINANCE:ETHUSDT has been showing strong recovery patterns recently, and the technical indicators align with a potential bullish move in the coming months. On the weekly chart, COINBASE:ETHUSD has reached the bottom of an ascending channel, which historically has acted as a strong support zone. This $2K region is not only a psychological barrier but also a key support level that was previously a resistance. As ETH continues to hold above this zone, a rise toward its all-time high (ATH) becomes increasingly probable.
Recent data suggests that 2024 could witness a broader crypto bull run, driven by Ethereum and other major assets. Analysts are optimistic about increased adoption cycles following 2023’s groundwork. Ethereum could benefit from market-wide positive sentiment as key events like Bitcoin’s upcoming halving and ETF inflows are expected to drive demand for cryptocurrencies.
With the technical alignment and favorable market conditions, ETH is well-positioned to see significant growth, potentially targeting levels near EUROTLX:4K as it continues its rise within the ascending channel. This rally could be bolstered by investor confidence in the broader cryptocurrency market as new financial products and solutions drive further participation.
9/28 Huge trend reversal. Bullish on crypto. Overview:
Both the AMEX:SPY and NASDAQ:QQQ closed with red candles, yet neither index dropped below the previous day's low. This, coupled with low trading volume, suggests the current price levels may hold for a while. Both indices display bearish divergences on the MACD histogram and lines, signaling potential weakness.
The Federal Reserve reported August’s core PCE at 2.7% y-o-y, aligning with expectations and slightly up from July's 2.6%. Speculation surrounds whether rate cuts are fueling inflation, though typically, it takes months for such measures to impact the economy. Next year’s CPI and PPI readings will be crucial.
ETF funds have been on a buying spree for seven consecutive days, with September 27th seeing record-high volumes—five times the average.
Bitcoin Technical Analysis:
W: BINANCE:BTCUSD remains above the Bollinger Bands’ MA, in line with the yearly bull-run volume point of control. After two months of bearish sentiment, signs of a trend reversal are emerging. Resistance is at $67.5k. Bullish.
D: BTC broke above $64 k on Thursday and has held above this key level. However, RSI is now at 66.57, approaching overbought territory.
4h: RSI is overbought at 73.28, showing a double peak. MACD’s bearish crossover suggests a pullback to support levels at $65.2k or $64.4k. We expect either a pullback or sideways trading, allowing the MA to catch up. Bearish to neutral.
1h: The lower timeframes indicate BTC is undergoing a correction phase. Neutral.
Altcoins Relative to BTC:
No major divergences are observed. Unlike BTC, ETH and SOL have yet to reach their previous August 25th highs. Newer alts like SUI, TAO, and NEAR have surpassed their highs, showing strong performance.
Bullish Scenario:
With BTC holding above GETTEX:64K on the weekly chart, a bullish outlook is more plausible. Global rate cuts may inject liquidity into speculative assets, boosting crypto prices.
Bearish Scenario:
There’s a risk that the current rally is a bull trap, with a potential sharp reversal.
Fear and Greed Index:
The index is at 56.67, nearing the “greedy” zone, indicating growing optimism.
Prediction:
BTC may correct to $64 k before resuming its rally, with the next target being $67k.
Opportunities:
Bearish: BNB is at monthly resistance, with MACD bearish divergence. NEAR, RNDR, TAO, FTM, and UNI have hit weekly resistance levels, suggesting potential trend reversals. FTM and UNI still haven’t completed their corrections, and MACD divergences may appear over the weekend.
Bullish: AR has rebounded from its weekly support level, indicating a strong recovery.
BTC breaks above 65,000On the back of a larger than expected FED rate cut of .50 risk assets breathe a sigh of relief long held in since the rate cut rumors of Q2 2024. The gains were cemented by a cooler than expected PCE of .1% as opposed to the expected .2% this is the FED’s preferred measure of inflation putting some level of ease to risk asset investor that the FED may turn face on the easing of monetary policies. If this continues a fear people have a of 70’s style inflation issue will be put to rest. China also joined the party will an AGGRESSIVE stimulus packages direct to the people and promises to do more if need be. They also encouraged stock buy backs, if you know anything about the investment market in China the options for quality investment are very limited as the Real Estate market was the main choice but since the Evergrande collapse Chinese investor have had little to no choice. This makes a scenario for crypto investment as an alternative to stocks but the CCP obviously like control so we will if that plays out.
How this affect Crypto bros the short of it is when global liquidity goes up so do assets especially when people get cash in hand example 2020-2021 when everyone and their dog was investing. Now while stimulus direct to consumers is like throwing gas on the fire the FED rate cuts are like throwing a log on embers. The rate cuts take about a year to affect the general economy but the immediate effect is bank to bank loan rate i.e it’s cheaper to take on debt. Now with the rise of NASDAQ:MSTR strategy with other companies this will make it cheaper for companies to take on debt so companies like Metaplanet and other yet to disclose will find the “BTC Yield” more significant to offset loan cost. And lastly all risk assets benefit from low rate environments.
In sum NFA but I would buy CRYPTOCAP:BTC as always and load up on alts while BTC out perform my mix ideally 75% BTC 15% alts and 10% cash for dippy dips
Ethereum Continues Strong Performance with 4% Weekly GainMarket Update:
Ethereum closed another strong week, with a 4% price increase, driven by buyer momentum pushing prices above $2,600.
The next target for ETH is $2,800, which will act as a key resistance level.
Technical Outlook:
Momentum has steadily shifted bullish since September, allowing ETH to break out of the downtrend that began in March, bringing optimism back to the market.
If sellers return, Ethereum has solid support at the $2,400 level, ensuring stability in the current price range.
#Ethereum #ETH #CryptoMarket #PriceUpdate #BullishMomentum #CryptoRecovery #ETHTargets
Ethereum Price ConsiderationsHey there, Ethereum enthusiasts!
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Gather 'round because we've got something to talk about.
Picture this: a pattern that blending elements of a Double Bottom and an Adam and Eve formation. This kind of pattern often signals a big turnaround.
Now, let's dive into the nitty-gritty. The chart's telling us that Ethereum is probably not going to dip below $1500, and honestly, it's looking quite sturdy around this range . Of course, just to be safe, let’s consider a scenario where Ethereum sees a little dip, but hey, let's keep our fingers crossed that it doesn’t tumble below $800.
But here’s where it gets interesting: the sweet spot is right around $2000.
If Ethereum manages to break through this level, we might just be on the road to reclaiming its all-time high of nearly $4840, a number that still echoes in our minds from the crazy days of 2021.
Now, here’s the exciting part: my optimistic side sees Ethereum soaring to a fantastic $14000, but remember, the crypto loves to surprise us.
Prices could skyrocket beyond our dreams or settle around $8000.
The road ahead is full of twists and turns, but hey, that's what makes this journey so thrilling, right?
ETH/USDT 4HOUR CHART UPDATE !!The blue-shaded area between $2,680 – $2,800 indicates a strong resistance area, which the price has struggled to break. The price is currently testing this area.
The brown-shaded area between $2,165 – $2,250 is a crucial support level. If the price fails to move above the resistance, it could retrace towards this area, as indicated by the arrows on the chart.
The downward-sloping trendline (white) marks the resistance from previous highs, which Ethereum has been respecting. The price recently broke above this trendline, indicating a change in momentum.
The green line appears to be a moving average, possibly 200-period and has acted as resistance and support. Ethereum is trading slightly above this moving average, indicating a potentially bullish bias in the short term.
The downward arrow highlights a potential scenario where Ethereum may face rejection from the blue resistance area and drop back to the brown support area.
Do you want information on potential trade setups or further technical analysis on this chart?
Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
The difference between buying on the chart and actual buyingHello, traders.
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#ETHUSDT
When ETH looks good to buy, it will rise near the section the finger is pointing to.
That's because if you wait any longer, you will feel like you've missed it.
However, the section we should buy is the section the arrow is pointing to.
The best position among these is when it goes beyond the section the arrow is pointing to after September 17.
The reason is that the DMI and OBV rose near the BW line and HA-Low.
Currently, OBV has risen above the High Line, but since DMI is at 0, I think it would be better to wait until DMI shows an upward trend.
If you couldn't wait and were going to buy, you should have bought it at the time when you should have bought it before.
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The BW line has been created again near the current price.
Therefore, when it rises above the BW line and shows support, it is the time to buy.
However, since it was created at the highest point (100) of the created BW line, it is recommended to check whether it is supported even if it rises.
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Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale upward trend will begin when it rises 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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ETHUSD is going +100% up after this bullish cross.Ethereum / ETHUSD in on its 3rd straight green week and if it stays that way, it will be the first 3 week bullish streak since March 4th.
The long term pattern is a log Channel Up going back all the way to June 13th 2022.
The price bottomed in August and early September on the 1day MA200 and last week we had the first bullish break out as the price crossed above the 1day MA50.
This week we are having the second as the 1week RSI is crossing above its MA, with the previous such crossing (Oct 16th 2023), starting the last aggressive bullish leg.
The third and final bullish signal will be once the price crosses above the 1week MA50.
In our opinion the new long term bullish leg has already started and in early 2025 we can see new ATH, more specifically 5500 at the top of the Channel Up.
That will be a +100% rise from the current levels.
Previous chart:
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