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Ethereum - 76% crash to 389 USD! (must see, bear flag) My analysis shows an impressive crash is prepared on ETH after 427 days of consolidation in this bear flag on the weekly chart! It was a long time, and ETH has been going pretty much sideways. Now we have to expect huge volatility! The trendline of the bear flag is clearly breaking down with an ABC Elliott wave corrective pattern, which strengthens the bearish bias. It also looks like a wedge, but a wedge should have a 5-wave structure (a leading diagonal Elliott wave pattern). So this is a bearish pattern, and a 76% crash is absolutely coming in the next few months. You probably don't have too much time to think about what to do with your investments, but consider if you can handle a 76% crash on your spot or futures holdings. My recommendation is to sell, as it's too risky to hold it, and buying cheap ether later in 2024 is definitely juicy! Now what is the target, and where will the bottom be on ETH? We have a strong confluence at 389 USD and 387 USD because this is the Fibonacci 0.618 level of the previous bull market on the LOG scale and also because this is a 1:1 Fibonacci extension from wave (A) -> wave (B) of the current bear market! What's more, we have a first point of control over the volume profile, which you can see on the left side of the chart. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. As you know from my previous ideas, I expect Bitcoin to hit 10k next year. What would be really weird if BTC dropped and ETH rose? So 10k on BTC and 389 on ETH are my targets. I also checked more altcoins, such as DOGE, SHIBA, XRP, and LTC, and none of them looked bullish. The best is to stay in USD. Write a comment with your opinion, because I look forward to it! Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
112
Need to make sure it is supported around 1597.70Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ETHUSDT chart) The key is whether it can rise with support around 1597.70. If not, you need to make sure it is supported around 1294.46-1340.12. As the decline progresses, there is a possibility that the HA-Low indicator on the 1D chart will rise and be created. If an HA-Low indicator is generated, it is important to have support around it. ------------------------------------------ Below BTC 29K, it is a section where BTC or ETH is intensively bought. Therefore, it is recommended to proceed with the 1st purchase of altcoins from a mid- to long-term perspective. Market cap charts appear to be in a slightly volatile state. Therefore, we will publish the analysis of the Market cap chart when things are normal. USDT is a stablecoin that shows great influence on the coin market. As this USDT begins to gap down, the coin market appears to be entering a profit taking period. So, for this state to end, USDT's downtrend must stop. ------------------------------------------ (ETHKRW chart) The key is whether it can rise with support around 2109000-2208000. If not, you need to check if there is support around the HA-Low indicator on the 1D chart. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** The trading volume indicator is displayed as a candle body based on 10EMA. Display method (in order of boldest) More than 3x 10EMA trading volume > 2.5x > 2.0x > 1.25x > trading volume below 10EMA ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:-Ethereum (ETH) was also in the red during today’s session, as the price fell lower for a second consecutive day. Following a high of 1,869.74 on Wednesday, ETH/USD slipped to a bottom of 1,845.49 earlier in the day. Price slightly rebounded following the latest U.S. consumer price index, which marginally rose in July. The recent volatility in ethereum comes as the RSI was unable to break out of a ceiling at the 51.00 mark. Ethereum’s price strength is sitting at 49.12, with a price of 1,856.44. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
Whether it can rise above 1870.09 is the keyHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- ** The formula of the RSI indicator that composes the chart indicator has been changed. ** Therefore, support and resistance points are marked differently from previous charts. ** It is recommended that those who use this chart start by sharing the ideas published today. (Reason for change: Changed the formula to be compatible with the index value of the exchange chart.) (ETHUSDT chart) Looking at the big picture, the question is whether it can rise above 1870.09-1933.53. (1D chart) The question is whether it can rise above 1857.66-1889.58. If not, you should check for support around 1777.05 or the HA-Low indicator on the newly created 1D chart. This is a period of volatility until August 11th. So, after a period of volatility, we need to see if it can rise around 1870.09. The StochRSI indicator is looking to enter the overbought zone, so if it fails to hold the price close to 1870.09, I would expect a bearish trend. ------------------------------------------- (ETHKRW chart) The key is whether it can be supported around 2431000 and rise above 2510000. If it drops below 24231000, you should check for support around 2208000. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
2
ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) rose marginally after the Paypal news, with the price moving away from a recent support point. Following a low of 1,804.72 to start the week, ETH/USD jumped to an intraday high of 1,836.06 on Tuesday. Despite the slight rise in price, ethereum continues to trade below a recent resistance level of 1,850. A positive for bulls, however, comes as the 14-day relative strength index (RSI) broke out of its ceiling at the 43.00 mark. Currently, the index is tracking at a reading of 43.88, with the next resistance zone near the 50.00 point. In the event this target is reached, ETH will likely be back above 1,900. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) remained above the 1,800 level, despite bearish sentiment intensifying on Saturday. ETH/USD dropped to a bottom at 1,817.41 earlier in today’s session, following a peak of 1,847.91 the day prior. The decline saw ethereum drop close to Tuesday’s low at 1,812, which was the weakest point the cryptocurrency had hit since June 21. This latest downturn comes as price strength moved below a key support point at the 43.00 mark. the index is tracking at 41.57. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
5
Important period of volatility : around August 13 (August 12-14)Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ETHUSDT chart) The trend has been changed by price volatility. Accordingly, the next period of volatility is around August 13th. The period of volatility that began around August 13th is likely to continue until around September 24th. At this time, depending on whether ETH leads the coin market, the meaning of this volatility is expected to change. What matters in this volatility period is whether it can break above the long-term downtrend line by moving higher above 1862.00. Currently, ETH is showing signs of touching important indicators as it falls to the 1790.20-1862.0 zone. Therefore, the important question is whether it can receive support and rise in the 1790.20-1862.0 section while passing through the volatility period around August 13th. In the end, it is expected that the mid- to long-term trend will be determined by whether it is supported or resisted in the 1572.69-1879.61 section, which has been said to be an important support and resistance section. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
ETH/BTC - Ethereum: Ascending_Triangle◳◱ We've detected an Ascending Triangle pattern on the CRYPTOCAP:ETH / MIL:BTC chart. This pattern is a bullish indication and could indicate a potential trend reversal. The next resistance levels are at 0.06362 | 0.06446 | 0.0659 and the major support zones are respectively at 0.06218 | 0.06158 | 0.06014. ◰◲ General info : ▣ Name: Ethereum ▣ Rank: 2 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: Ethereum is a distributed blockchain computing platform for smart contracts and decentralized applications. Its native token is ether (ETH), which primarily serves as a means of payment for transaction fees and as collateral for borrowing specific ERC-20 tokens within the decentralized finance (DeFi) sector. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.06383 ₿ ▣ 24HVol: 602.903 ₿ ▣ 24H Chng: 0.33% ▣ 7-Days Chng: -1.65% ▣ 1-Month Chng: 1.79% ▣ 3-Months Chng: -2.51% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.06362 | 0.06446 | 0.0659 ◢ Support: 0.06218 | 0.06158 | 0.06014 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -0.23 ▣ Last 90D: 0.03 ▣ Last 1-Y: 0.53 ▣ Last 3-Y: 1.11 ◲◰ Volatility : ▣ Last 30D: 0.39 ▣ Last 90D: 0.41 ▣ Last 1-Y: 0.64 ▣ Last 3-Y: 0.89 ◳◰ Market Sentiment Index : ▣ News sentiment score is 0.40 - Bearish ▣ Twitter sentiment score is 0.53 - Bullish ▣ Reddit sentiment score is 0.53 - Bullish ▣ In-depth ETHBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
Ethereum Showing Extreme Weakness - Major Trend Break Just thought I would leave this here to see how it evolves as I don't look at Ethereum much besides the utility of stablecoins. In the past months Bitcoin has hit a macro bottom and completed a pretty good bounce roughly 90% indicating true accumulation + interest and this is before the Spot ETF's had been announced. Ethereum on the other hand had actually dropped under Bitcoins Macro bottom and had been trending to stay alive on the the line (Green) 56%. Compare BNBUSD we see the same picture indicating less and less interest in the native Eth token what could be some of the reasons? Many allocators interested in Bitcoin could only really use exchanges via bank transfer > stablecoin of your choice mainly USDT > Bitcoin, this means the majority of volume and price upkeep on the native Ethereum token is not based on its own unique ecosystem rather based on the Stable coins providing the only mode of transport. We see the decline of Ethereum's strength directly correlated with USDT, USDC, BUSD declining growth proving this theory including MSTR (MicroStrategy) offering one of the only alternatives to have exposure to Bitcoin. Where is this going where does it lead? Simply if the stable coin model fails to provide more and more liquidity to feed the BNB or Ethereum Chain the chains results to failing unless you can keep the native token price up. Spot Bitcoin ETF's and internal Fidelity trading platforms will render stablecoins needing to use blockchains like Ethereum, Solana, Binance Chain not needed. Paolo Ardoino (Tether CTO) explains this model very well, exchanges forcefully chose to not adopt Bitcoin Lightning Network due to basically no fee's and no native token, forcing Ethereum / BNB forces liquidity into L2 chains and staking funding exchanges to do more marketing. See if Spot ETF's come in and other exchanges like Coinbase, Bitfinex etc adopt Lightning Network the demand for stable coins on Ethereum / Binance Chain would free fall and its already starting. As the NFT / DeFi hype continues to decline leading exchanges will need to change their business model like firing thousands of employee's and adopting Lightning Network and eventually USDT, USDC will run on Lightning Network. Paolo Ardoino 🍐 Tweet twitter.com We will see over the months how this develops.
INDEX:BTCUSD
by FederalXBT
1
Buy period: 1754.58-1913.79 (volatility period: around August 3)Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ETHUSDT chart) (1W chart) The Bollinger bands are beginning to contract, and the contraction range covers the roughly 1168.36-1862.0 interval. Therefore, to continue the uptrend, we need to see support around 1862.0. However, even if it drops temporarily, if it shows support around 1611.62, it is expected to show an upward trend. (1D chart) The chart looks complicated, but the important support and resistance zone is the 1572.69-1862.0 zone. If supported and rising in this section, it is expected to rise around 2531.05-2871.13. Among them, the 1757.58-1913.79 section corresponds to the buying section. Therefore, if it is confirmed that it is supported in this section, it is possible to buy. -------------------------------------------------------- In order to trade altcoins, it is recommended to check the movement of BTC dominance. (BTC.D chart) BTC dominance gives you a rough idea of whether the money in the coin market is concentrated towards BTC or altcoins. Therefore, in order to trade altcoins, it is recommended to proceed when BTC dominance is showing a decline. Looking at the big picture of BTC dominance, it is expected to touch around 56.78-61.73. Therefore, even if the current BTC dominance declines, it is expected to continue to rise eventually, so it is recommended to approach altcoins with day trading or short-term trading. However, if you want to trade in the mid- to long-term, 1st: BTC 29K or less 2nd: BTC 32K-43K 3rd: Over 43K You can proceed with the split purchase in the first to third steps above. The third period corresponds to the full-fledged buying season. Therefore, when you are in the BTC 29K-32K range, it is a good idea to look for an altcoin you want to trade. To do so, we need to find the support and resistance sections of the altcoins in the big picture and see what kind of movement they show in that section. --------------------------------------------------------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
ETH ANALYSIS (12H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ETH symbol. I have a scenario for Ethereum in mind, like on the picture. I specified the invalidation level. A close of 1 four-hour candle below the invalidation level violates the 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
by behdark
1
Ethereum Road Map🗺️!!!(4-hour time frame⏰)Hi everyone👋 (Reading time less than 3 minutes⏰) . Today I want to show you the 🗺️roadmap🗺️ for Ethereum for the next 7 days in the 4-hour time frame using the Elliott wave theory. Ethereum has started to form corrective waves after the completion of five impulsive waves; one of the signs of the beginning of corrective waves is the formation of the Head and Shoulders pattern . Since the main wave A has 5 microwaves, I expect a corrective structure ahead of Ethereum Zigzag(ABC/5-3-5) . Ethereum has managed to complete the main wave B in the 🟡 Price Reversal Zone(PRZ)-($1,918-$1899)🟡 (One of the signs of the completion of the main wave B is the breaking of the support line). 🌐 News 🌐: Vitalik Buterin Linked Wallet Invested 2013 Ethereum in OKX! Is it a Bearish Signal❗️❓ An address associated with Lookonchain Ethereum founder Vitalik Buterin said it has invested 2,013 ETH (worth $3.76 million) in OKX. I expect the main wave C to finish near the support line and inside the 🟢 support zone($1,780-$1,750) 🟢. 📚 Educational Tip 📚: One of the signs of confirming the wave count is that wave A basically goes down to the end of wave 4 . If we look at the ETHBTC chart, we will realize that if the cryptocurrency market falls, Ethereum will be more affected by this fall than Bitcoin. For more information, I recommend you to read the following post.👇 Ethereum Analyze ( ETHUSDT ), 4-hour 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 be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
10
Ethbtc pairI see a possible retrace on the 1-year of the ethBTC pair to the .786 fib. ETHBTC pair, the price has been in a downtrend since reaching a high of November 2021. Here are some other factors to consider when trading ETHBTC: Fundamental analysis. Fundamental analysis looks at the underlying factors that affect the price of an asset, such as news, economic data, and regulations. Market sentiment. Market sentiment is the general feeling of traders about an asset. If market sentiment is bearish, it could mean that ETHBTC is more likely to fall. Volume. Volume is the amount of an asset that is traded in a given period of time. If volume is high, it could mean that there is a lot of interest in ETHBTC and that the price is more likely to move. By considering all of these factors, you can make a more informed decision about whether or not to trade ETHBTC.
Short
by awakensoul_369