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ETH-D

Brief ETH Analysis | Bearish Trend? Key S & R Levels 1D TFThe 1D TF chart for Ethereum shows a consolidation period following a significant uptrend. Key events include the publication of the U.S. Consumer Price Index (CPI) on May 12 and circulating news about the upcoming approval of the Ethereum spot ETF, which caused heightened market activity. On May 20, Ethereum's price surged by 21% in a single day, a significant movement compared to the typical 9 - 11% increases. This sharp rise was driven by speculative news and positive sentiment surrounding the potential ETF approval and favorable CPI data. After this spike, the price entered a range, characterized by increased trading volumes but low volatility candles, indicating market indecision. Recently, an "Inside Bar" pattern has formed: the middle candlestick is a small bearish candle enclosed within the previous large bullish candle, with a potential bullish candle forming today. This pattern highlights market indecision and suggests a potential breakout in either direction. Currently, Ethereum is testing a critical resistance level around $4K. A breakout above this level, accompanied by increased volume, could signal further upward movement. Conversely, failure to break this level might lead to a pullback towards the support zones. The current chart analysis shows that ETH is approaching a significant resistance level around $4K, marked by a descending trend line. This resistance has been tested several times, underscoring its importance. The volume profile indicates consolidation between key support and resistance levels: ◼️ Resistance Levels: Around $3.9K and $4.1K. ◼️ Local Support Levels: Around $3.7K and $3.5K. ◼️ Bullish Scenario: A breakout above $3.9K, accompanied by increasing trading volumes, could signal the continuation of the bullish trend towards the next resistance level around $4.1K. ◼️ Bearish Scenario: If the price fails to break through the resistance and falls below the $3.5K support level, it could indicate a potential bearish reversal or an extended consolidation phase. Monitoring trading volumes and price movements around these key levels will be critical in predicting the next significant move. Disclaimer: Content for seasoned traders only. Not financial advice. You bear sole responsibility for trading outcomes. ➖ DYOR 🧠 💡
COINBASE:ETHUSD
by TeddyVizion
ETH - Make or Break Zone!Hello TradingView Family / Fellow Traders, ETH has been hovering within a narrow range in the shape of a flat rising channel around a massive resistance zone $4,000 - $4,100. What's next? Scenarios: 1️⃣ Bullish - Continuation The bulls maintain control as long as ETH is trading within the rising channel marked in red. In this case, a movement towards the $4,000 - $4,100 resistance zone would be expected. 2️⃣ Bearish - Correction If the last low marked in green is broken downward, we will expect the bearish correction to start leading to a movement towards $3,100 demand zone. Which scenario 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! ~Richard Nasr
by TheSignalyst
11
Long ETH, Short BTC on Expected ETH ETF Approval SEC's unexpected nod for Ethereum Spot ETFs (“ETH ETFs”) through the approval of 19b-4 forms has ignited a fresh wave of excitement in crypto markets. This paper delves into the impact on ETH/BTC Ratio fuelled by this development. The ratio has been a laggard throughout the current bull run. ETHER ETF ADVANCES TOWARDS APPROVAL On 23rd May, the SEC unexpectedly approved the 19b-4 forms, permitting CBOE, Nasdaq, and NYSE to list ETH ETFs. This surprised participants who anticipated a rejection. Take note that this does not signify that spot ETH ETFs are approved for trading yet. The applications must still clear the next hurdle, which is the approval of the S-1 form. This process could potentially be drawn out over the next couple of months but there are encouraging signs. Last week, Blackrock updated its S-1 form for its iShares Ethereum Trust (ETHA), suggesting that the issuers and SEC were working towards fine-tuning the details. The Block reported that other issuers were told to send in their updated S-1 filings by Friday 31/May. Additional rounds of revisions are expected before a final decision. Bloomberg analyst Eric Balchunas opines that approval could come as soon as June. A key point of interest for ETH ETFs will be whether the ETH held in these instruments can be staked. Staking Ethereum generates 3.4% APR (Annual Percentage Rate) as of 3rd June. Staking is exposed to risk of losses through slashing. Yet, it makes Spot ETFs attractive to investors. ETH ETF WILL DRIVE SPOT DEMAND Like the spot Bitcoin ETFs, ETH ETFs will drive additional spot demand for the cryptocurrency. Since launch, Bitcoin ETFs have seen more than USD 13 billion of capital inflows . Spot ETFs represents new source of demand and in the month following its launch, inflows drove large price moves. ETH ETFs are unlikely to attract the same level of demand as Bitcoin ETFs. Inflows into ETH ETFs are expected to be a fraction of those into BTC ETFs, with ETH assets constituting about 10%-20% of BTC assets in various regions, according to comparisons of currently listed instruments. Source: Eric Balchunas on X Projecting this level of spot demand, ETH ETFs could witness inflows between USD 1.1 billion (10% of BTC inflows) to USD 2.2 billion (20% of BTC inflows) over the next three months. ETH HAS LAGGED IN THE CURRENT CRYPTO RALLY BTC has been the clear winner in the current crypto rally. BTC is the only large crypto to exceed its previous all-time-high until now. In terms of relative performance, other cryptocurrencies have displayed robust performance too. Other crypto-assets Solana, Dogecoin and Binance Coin have surged to outperform BTC over the last six months. ETH has been a noticeable laggard. ETH had been underperforming even BTC until 20th May. Following the rally after approval, ETH has just managed to catch up to BTC performance but still lags relative to smaller (and riskier) crypto assets SOL, DOGE, and BNB. To get a sense of relative performance, we can plot the ratios of these crypto assets with BTC. This chart makes ETH underperformance relative to BTC even clearer. This underperformance might suggest that investors have moved away from ETH. That risk when flipped could also present an opportunity for ETH to outperform BTC in the coming weeks. ETH/BTC ratio is a mean-reverting quantity and relative to the peaks seen during past cryptocurrency bull runs, the ratio is low. Notably, the ratio rallied sharply after BTC reached new all-time-high levels in the past. HYPOTHETICAL TRADE SETUP Approval of ETH ETFs in the near term is likely to translate into spot buying, driving up prices. A hypothetical trade consisting of a long position in the ETH/BTC ratio will benefit as ETH outperforms BTC. Investors can execute a spread trade on the ETH/BTC ratio using CME Micro Bitcoin and CME Micro Ether futures. Each contract of Micro Bitcoin futures provide exposure to 0.1 Bitcoin and each contract of Micro Ether futures provide exposure to 0.1 Ether. Eighteen contracts of Micro Ether are required to balance notional value on both legs of the trade. • Entry: 0.0547 • Target: 0.0600 • Stop Loss: 0.0520 • Profit at Target: USD 655 • Loss at Stop: USD 336 • Reward/Risk: 1.95x Notably, this trade does not match notional exactly as the current BTC/ETH ratio is 18.28. Alternatively, CME offers Ether/Bitcoin Ratio (EBR) futures that enable investors to gain exposure to the ETH/BTC ratio through a single transaction and match notional exactly. Each contract of these futures corresponds to an exposure of USD 1,000,000 multiplied by the index value (approximately USD 54,810 at a ratio of 0.05481 as of May 31). These contracts enable investors to obtain relative value exposure on these closely correlated assets without taking a directional stance. The EBR contract is also substantially more margin efficient than individual futures on both legs (USD 6,800 vs USD 28,000 for the same notional value). However, investors should be aware that these newly introduced futures have poor liquidity compared to individual Ether and Bitcoin full-size and micro futures contracts. MARKET DATA CME Real-time Market Data helps identify trading set-ups and express market views better. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com DISCLAIMER This case study is for educational purposes only and does not constitute investment recommendations or advice. Nor are they used to promote any specific products, or services. Trading or investment ideas cited here are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management or trading under the market scenarios being discussed. Please read the FULL DISCLAIMER the link to which is provided in our profile description.
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CME:MBT1!Short
by mintdotfinance
7
W is about to moon :#W #Analysis Description --------------------------------------------------------------- + The price is showing a strong rebound from a major support level. + Recently, it successfully broke through the resistance line, indicating a potential upward trend. + Based on this momentum, I anticipate that the trend will hold steady and reach our projected targets. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.648 Stop Loss: 0.498 ------------------------------ Target 1: 0.752 Target 2: 0.873 Target 3: 1.023 Target 4: 1.257 ------------------------------ Timeframe: 12H Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
ETH. Weekly trading levels 27.05.2024 - 2.06.2024The level on top is the last. We were higher 3 years ago. If we go higher, we can check in the Daily Publications. During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post. ! Please note that brokers have a difference in quotes, take this into account when trading. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade. Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!
CRYPTO:ETHUSD
by Forex_Hoby
2
Ethereum (ETH) Market Analysis🔍Ethereum (ETH) is the coin of the day, a project that stands out from other altcoins due to its significant market dominance and substantial capital investment in both its network and coin. Unlike many other altcoins, Ethereum is less dependent on Bitcoin, making it an interesting asset to analyze independently. 🔄Previous Analysis Recap In the previous analysis, it was suggested to enter a long position upon breaking 3798 with a target of 4063. After entering the position and reaching a risk-to-reward ratio of 2, I took partial profits and moved my stop loss to the entry point. The price did not move higher and eventually hit the stop loss at the entry point, resulting in a small profit due to the partial profit-taking. ⌛️4-Hour Timeframe Current Situation: After forming a low at 3652, the volume has significantly decreased. Given the weekend lull, market momentum has completely dissipated. The 99-period SMA is approaching, potentially acting as the last hope for bullish momentum to re-enter the market. 🔑Key Levels: Resistance: 3960 (first resistance), 4063 (key resistance) Support: 3652 (current low) ⚡️Indicators: RSI: Watch for a break above 54.46 for bullish momentum confirmation. 99-period SMA: Approaching price, may provide support or resistance. 📈Bullish Scenario Entry: Break above 3960. Target: Initial target at 4063. If 4063 is broken and price stabilizes above this level, a significant upward move could be expected, especially benefiting Ethereum ecosystem coins. Confirmation: RSI breaking above 54.46. Long Position Primary Trigger: Enter on a break above 3960. Secondary Trigger: Enter on a break and stabilization above 4063 for a stronger bullish confirmation. RSI Confirmation: Watch for a break above 54.46 to confirm bullish momentum. Note: Monitor the price action around 4063 carefully, as it is a crucial resistance level. 📉Bearish Scenario Entry: First trigger at 3719 (risky), main entry on a break below 3652. Target: Following a break below 3652, look for confirmation of bearish momentum with a break below 41.03 on the RSI. Short Position Primary Trigger: Break below 3652. Secondary Trigger: For a riskier entry, consider 3719, but the main focus should be on 3652. RSI Confirmation: A break below 41.03 would confirm bearish momentum. 📝Ethereum is currently in a consolidation phase with key support at 3652 and resistances at 3960 and 4063. The low volume suggests that a significant move could be imminent. Traders should watch for breaks of these critical levels to enter positions, with volume and RSI serving as additional confirmation indicators. Always keep an eye on market conditions and adjust positions accordingly. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2. 🫶If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
Gold & ETH - Who Follows Whom?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. I always keep an eye on Gold to gauge the overall market sentiment. 📚 I found the latest correlation between Gold and ETH interesting ! You know what? I will keep this post short, as the picture is self-explanatory ! The question is... Who follows whom? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSD
by TheSignalyst
5
ETH: Approaching SupportTrade setup : Price is in an Uptrend. Following a bullish breakout from a Descending Triangle pattern, price spiked up 25% and reached our near-term target of $4K. However, it got overbought (RSI ~ 70) and is pulling back on some profit taking. Now we look for the right entry opportunity in Uptrend. We wait for price to either 1) break above $4K to signal continuation of uptrend, with +17% upside potential to its ATH of $4,700, or 2) pull back near $3,200 support for another swing trade entry in Uptrend with upside potential back to $4K. Learn to trade chart patterns in Lesson 8 and set Stop Loss levels in Lesson 9. Pattern : Price is Approaching Support , which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level. Learn to trade key levels in Lesson 7. Trend : Short-term trend is Up, Medium-term trend is Strong Up and Long-term trend is Up. Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $3,200.00, then $2,930.00. Nearest Resistance Zone is $4,000.00, then $4,800.00.
Long
by altFINS
High probability of ATH breakEthereum on the monthly timeframe shows a strong engulfing candle, confirming the strength of the upward trend with its close. Ethereum has a key support level at $3500. This support level can serve as the starting point for a new upward leg towards the previous all-time high (ATH) after completing its pullback. From a technical analysis perspective, if the $3500 support level holds and bullish patterns continue, there is a high probability of breaking the previous ATH and continuing the upward trend.
by MonoCoinSignal
ETH/USDT 4HOUR CHART UYPDATE Hello friends, welcome to this ETH update from Crypto Sanders. ETH/USDT Brief Update Ethereum (ETH) is currently trading within a head and shoulders pattern on the 4-hour timeframe, as seen in the chart. Here are the key points: ETH is showing a head and shoulders formation, which typically signals a potential bearish reversal. Resistance and Support: Around $3,950 to $4,000 (highlighted by the left and right shoulders). Close to $3,640 (lower boundary of the pattern). A breakout above the right shoulder (~$3,850) could lead to further gains. A breakdown below the support level (~$3,640) would confirm the head and shoulders pattern, which signals a potential decline. Monitor the $3,850 resistance level for signs of a breakout. Keep an eye on a potential breakdown below $3,640 for bearish confirmation. Stay tuned for further updates and analysis! I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Short
by CryptoSanders9563
ETH fighting against strong resistanceHello everyone, let's take a look at the ETH to USDT chart on a one-day time frame. As you can see, the price is currently bouncing off the downtrend line. Let's start by determining the support line and as you can see, the first support in the near future is $3,530, then you can see support at $3,250, and then we have a strong support zone from $3,046 to $2,796 Now let's move on to determining the resistance points. And here we must start by identifying a very strong resistance zone from $3,821 to $4,110, only when we manage to break out and positively test this zone, we can see a move towards the resistance at $4,917. Looking at the EMA Cross 50 and 200 indicator, they still indicate that the strong upward trend is maintained. There is still room for growth on the RSI indicator, while the STOCH indicator shows a move towards the upper limit, so you should be careful and take into account a possible recovery.
by cryptodailyuk
SOLUSD Tight Risk Buy PointWorking up the right side of a quality base, digesting the 1,100% run from September 2023 thru March 2024. High volume flush in April that was quickly bought up, shakeout in early-May, reclaim of important VWAPs, volume declining as it works its way up the right side. Now with the current volatility contraction, it setups up a potential early buy point within the base over 175 on a thrust in volume. The most aggressive stop placement would be just under the 163.50 low from 5/30. I will personally give it room to fluctuate until a decisive break below my cost basis around 150-ish.
COINBASE:SOLUSDLong
by apaqu
2