ETH UPDATE (4H TF)We have good confirmations that the structure has become bearish, because after the bearish CH, we also had a bearish iBOS.
The ascending movements are weak and in time dimension.
It is expected that we will have a drop from the marked supply red box towards the green box.
Note that if you have followed our analysis before, we have had a diametric for Ethereum, that wave E of this diametric has ended and now we expect good drops for wave F.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Ethanalysis
ETHUSD: Thoughts and AnalysisToday's focus: ETHUSD
Pattern – Consolidation / ascending triangle pattern.
Support – 2166
Resistance – 2371
Hi, and thanks for checking out today's update. Today, we are looking at ETHUSD on the daily chart.
What's next for Ethereum? Will we see a new leg higher break resistance? A lot will come down to the SEC and its pending approval of the BTC ETF, but it is far from a safe bet that crypto will continue to move higher after the approval. While the majority believe that prices will continue to move higher with increased demand, there's also the risk of buy the rumour and sell the fact.
Considering that, we can't discount the last several months of gains across multiple crypto coins. Looking at ETHUSD's price, buyers still look to have the cards in their corner for now. We can see a consolidation in the current uptrend, and we have also noted the bullish continuation pattern that is also visible in price at the moment.
If the Bulls reign supreme after the SEC approval (hopefully this week), we want to see a strong breakout from the current area that closes above resistance and back into the 2400 area. With further confirmation, that could be the start of a new leg higher.
Good trading.
ETH → Ethereum Triple Top Calling for Short Trade? Let's Answer.ETH's price action has been caught in a trading range since its bull run to $2,400 on December 9th. We've now registered three failed attempts to break that $2,400 resistance, is it time to short?
How do we trade this? 🤔
We can justify a small position short scalp with the current analysis at a 1:1 Risk/Reward Ratio. The justification is the triple top after three pushes up in a bull trend, two strong sell-offs since the $2,400, and the lack of bull momentum at the Daily 30EMA.
This position still carries a fair level of risk, so I would not use your maximum position size based on the initial risk. Rather, as more price action unfolds and provides us with more justification for bearish bias, we can add to our trade with additional entries.
💡 Trade Idea 💡
Short Entry: $2,225
🟥 Stop Loss: $2,510
✅ Take Profit: $1,940
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Three Pushes up from Breakout.
2. Three Sell bars after Push #3, Potential Triple Top.
3. Reasonable Short to Daily 200EMA.
4. RSI at 50.00 and below Moving Average, Indecision.
5. Watch Bitcoins Response to Current Price Area.
💰 Trading Tip 💰
The RSI on its own is a weak indicator and should not be used to make trade decisions. However, when coupled with proper price action analysis, it can help orient the current state of the market and supplement your chart bias.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
ETH → Ascending Wedge, Double Top, About to Drop!? Let's Answer.Ethereum has a string of reversal indications that give us a picture of bearish price action. Are these data points enough to enter a short?
How do we trade this? 🤔
Three pushes up, an ascending wedge, and strong resistance alone is not enough justification to enter a reversal trade unless you fade your position (small entries until the reversal happens). It's better to wait for a strong bear bar closing on or near its low below the 30EMA to provide enough probability to justify a reversal trade. If the price breaks below the Daily 30EMA and closes a candle with followthrough or a re-test of the 30EMA as resistance, a short entry is justified.
Alternatively, if we find support at the 30EMA or get a strong bull bar closing near it's high, it's reasonable to think the price will hit the next resistance target of $2520.00. I would trade small on any long position this late in the trend as it's more likely we're about to enter a trading range or major pullback.
💡 Trade Ideas 💡
Short Entry: $2,150.00
🟥 Stop Loss: $2,250.00
✅ Take Profit: $1,950.00
⚖️ Risk/Reward Ratio: 1:2
Long Entry: $2,250.00
🟥 Stop Loss: $2,150.00
✅ Take Profit: $2,450.00
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Three Pushes up in Bull Trend.
2. Formed Ascending Wedge, Price Fell Out.
3. Potential Double Top, Wait for Break Below 30EMA to Short.
4. If Bounce at Support, Reasonable to Long to Next Resistance.
5. RSI at 55.00 below Moving Average, Indecision.
💰 Trading Tip 💰
Three pushes up, an ascending wedge, and strong resistance alone is not enough justification to enter a reversal trade unless you fade your position (small entries until the reversal happens). It's better to wait for a strong bear bar closing on or near its low below the 30EMA to provide enough probability to justify a reversal trade. Your probability is still inherently low, but catching a trend when it starts gives you more room for reward, that's the tradeoff.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
ETHEREUM|CAN start grow to next level $2500-In order to continue its upward trend, Ethereum needs to test its support levels again and fall to the prices of $2,230 and $2,145.
-But considering its upward trend, we expect it to continue its upward trend after reaching its support levels and achieve the $2400 and $2500 targets.
-Like and comment if you agree with our idea!
ETH → Blast to $2,500 then fall to $1,800? Reversal Time Near?Ethereum is far into its bull run from $1,100 to $2,300; with three pushes up and a Weekly RSI near the 70.00 level, and we're near a resistance level. Three initial conditions for a trend change.
How do we trade this? 🤔
These conditions are great indicators that we're near the end of the current bull trend, but we don't yet have any confirmation that we're done. We're still in the bull channel, price is above the 30EMA and we're above the Support Zone. We need a break below the Support Zone with a strong bear bar closing on or near its low and the RSI to remain below the moving average. There is a strong possibility that ETH has enough momentum left to hit $2,500, especially if Bitcoin finishes its Measured Move to $46,000 and takes the rest of the crypto market with it.
Until either scenario presents itself, we should remain on the sidelines and watch the price action unfold.
💡 Trade Ideas 💡
Short Entry: $2,080.00
🟥 Stop Loss: $2,210.00
✅ Take Profit: $1,820.00
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Bull Trend, Bias to Long.
2. Price Remains Above Daily 30EMA
3. Crucial Moment on the Chart. Remain on Sidelines.
4. RSI at 56.00 and below Moving Average, Bias to Short.
5. Reasonable to Short with Confirmation below $2,200.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
ETH is still bullish!I can tell from my observations on the chart that we are inside a large diametric. We seem to be in the middle of wave D now and expect to move towards the red box after a slight correction. After hitting this box, we can expect Ethereum to drop to the bottom to complete wave E
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
ETH (2H) UpdateIn the previous analysis, we had identified a large diametric for Ethereum, which we were in the E wave of this diametric.
Now we reach the resistance of the previous analysis and we have a 3D formation on hourly time frames.
The structure of the E branch seems to be a diametric, now the e wave of E seems to be completed.
For branch f of E we expect to have a correction.
🗺️Ethereum Roadmap🗺️⏰(15-minute time frame)⏰✅It seems that Ethereum managed to break the Important Resistance line .
⚔️At the moment, Ethereum is attacking the 🔴 Heavy Resistance zone($2,540-$2,300) 🔴.
🌊According to Elliott's wave theory, Ethereum completes a main wave 5 .
🎯Main wave 5 is likely to be completed in my Target .
Ethereum Analyze ( ETHUSDT), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
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ETHUSD SELL | Day Trading Analysis Hello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity ETHUSD
I still did my best and this is the most likely count for me at the moment.
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Ethereum to continue LowerThe previous overall count remains valid, please find the link attached.
We seem to be bouncing back and forth between the 61.8% and equality of wave c vs. a.
Looking for that one last leg lower into wave 5 of c before considering longs.
Feel free to ask question, please leave a like if you enjoy the content,
Trade safe.
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- ethereum (ETH) slipped in today’s session, falling below 1,950.
ETH/USD dropped to a bottom at 1,949.15 earlier in the day, less than 24 hours after peaking at 1,974.78.
The world’s second-largest cryptocurrency has since rebounded and is once again closing in on a multi-month high.
ETH bulls will need to take price strength above an upcoming ceiling at the 64.00 zone.
Currently, the RSI has a reading of 62.59, which is its highest level since April 19, when the price was above 2,100.
Some believe that ETH could head back toward this point in the coming weeks.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Ready to take off: Ethereum Ethereum Will go the way of the Bitcoin!
It break the resistance and it may go up from the current point or it may have a quick rest and then will go up.
Notice: Always be careful and ready for unwanted events, so put stop loss.
Any comment? please write blow and see the last analysis of Bitcoin, enjoy!
BTC, BNB - Bearish Conditions🐻 Sunnier Outlook for ADA ☀️The global crypto market faces cloudy conditions over the coming 24 hours, signaling a slightly bearish market with downside risk for Bitcoin and Binance after the Fed hinted at further rate hikes and the ongoing lawsuits from the US regulator weigh on the crypto universe. Trading signals for Ether indicate rain ☔️, meaning that a market rebound is likely over the one-day horizon.
Over a one-week horizon, sunnier conditions ☀️ lie ahead for Bitcoin, Binance, and Cardano where a slightly bullish market with upside potential is seen. Ether and XRP face less favorable weather, with clouds ☁️ and rain ☔️ ahead, signaling a slightly bearish market with downside risk.
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Ethereum: On the green ⛳️Ethereum is on the green or rather in the green zone between $1754 and $1457, still hesitating to advance further. Technically, the requirements for completing the current movement are thus fulfilled. However, we expect the cryptocurrency to ideally hole wave 2 in green around the middle of the green zone. This done, Ethereum should turn upwards, aiming for the resistance at $2138, which should be conquered in due time.