ETHBTC
ETH/USDT chart, which shows trading within a descending channel.ETH continues to trade within the descending channel, which indicates a bearish trend in the short term. A breakout above the upper trendline could signal a bullish reversal.
The immediate support level is around the $2,240 mark. If Ethereum sustains above this level, it could see a potential bounce, leading to a bullish move.
There is a crucial resistance zone around $4,000 to $4,400. ETH could face selling pressure when it approaches this zone.
The chart includes the 21-day simple moving average (SMA), which is acting as a dynamic resistance. A clear breakout above the SMA could be a bullish signal.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other altcoin.
@Peter_CSAdmin
ETHBTCLong term trend line being revisited this week...
Haven't seen that for eth in a while
Is this the psychological low or is eth destined for obscurity diluted out by other layer one chains...
From the stats I've seen from eths l2chains the eth economy is well and truly active with scaling nearing completion
Solana is the nearest competitor by use but the chain has decentralization issues and therefore has shut down multiple times in the last few years for periods..
Ethereums security lies in being able to access the network at all times.. something no competitor has managed at scale as of yet
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
ETH / BTC: A Potential Shift In Performance
It's no secret that Ethereum's price performance has been relatively underwhelming in the past 1-2 years, lagging behind the broader market.
A more clear picture emerges when we examine Ethereum's performance against Bitcoin.
On a weekly timeframe, the ETH/BTC chart reveals a long-term uptrend channel. However, within this uptrend, the pair has been in a downtrend since December 2021.
Essentially, the price has been moving from the upper boundary of the uptrend channel towards the lower boundary. It appears to have reached this lower boundary recently.
This suggests that Ethereum might be poised for a period of outperformance relative to Bitcoin.
Note: This doesn't imply a massive shift of capital from Bitcoin to Ethereum. Rather, it suggests that Ethereum could potentially appreciate at a faster rate than Bitcoin. The conditions for this shift may be maturing.
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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Please click "Boost" as well.
Have a nice day today.
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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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If it is supported near 2531.05-2621.99, it is time to buyHello, traders.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
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(ETHUSDT 1D chart)
ETH is showing a disappointing performance, falling more than BTC.
However, the current location, that is, near 2531.05-2621.99, is an important support and resistance area, so whether it can receive support and rise is the key.
We need to check whether it can receive support and rise to create a state where M-Signal on the 1D chart > M-Signal on the 1W chart > M-Signal on the 1M chart.
Therefore, ETH can be considered as a buy point at the moment.
If it falls, you should check for support near 2159.0.
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This is because the section that must be supported in order to rise is the 1941.90-2159.0 section.
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Since the BW indicator has touched the highest point (100), the BW line will be created soon.
Therefore, you should check for support at the newly created BW line and consider whether you can trade according to your trading style.
The stop loss point is when it shows resistance near 2531.05.
As I said again, the M-Signal on the 1W chart is currently falling just above.
Therefore, even if it is supported and rises now, it is highly likely to touch the M-Signal area of the 1W chart and fall, so you should think about a countermeasure for this.
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The next volatility period is around September 30th (September 29th - October 1st).
Therefore, the point of observation is how the M-Signals of the 1D, 1W, and 1M charts are arranged based on this time.
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Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale uptrend will begin when it rises above 29K.
The section expected to touch 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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ETH/USDT 4-Hour Chart Update:The 4-hour chart shows a descending trendline that has acted as resistance, with ETH recently bouncing back after testing that line.
Ethereum has reached the $2,625 mark but is showing signs of correction.
A highlighted zone around $2,150 to $2,250 could act as the next support level if a downward correction materializes. This range aligns with a demand zone seen on the chart.
Based on the bearish sentiment and the break from the resistance, the next move could push Ethereum toward the $2,150 area, offering a potential entry point for buyers waiting near support.
Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
ETH/BTC Inverted - Apple / Blackberry. Times different?
Don't follow alt coins much nor Ethereum but I decided to check out the ETH/BTC pair inverted it and found a very strong similar pattern that Apple and Blackberry made after the dotcom bubble.
Apple as the strongest competitor in the smart phone scene left Blackberry spinning in circles with a last jump to try gain market share resulting in a fail of the share price.
Today? we see Ethereum playing out in similar fashion where Bitcoin started then Ethereum tried to tail the success of Bitcoin's innovation.
PoS could be similar to trying to put a physical keyboard on a smart phone.
If this is the case and Bitcoin goes on the run I expect it to, this could be the final wave of Ethereum's market share.
ETH/USDT on the 1-hour chartThe price recently broke out from a wedge pattern but has faced a minor correction after hitting resistance around $2,600.
The price is now retracing back to test the breakout level.
The nearest support is around $2,550-$2,537, indicated by both the trendline and the marked horizontal level.
ETH could continue its retracement toward the support, followed by another attempt to test the $2,670-$2,680 resistance zone.
A successful breakout beyond this zone could push prices toward the $2,700-$2,800 range, as drawn in the projection.
Let me know if you'd like further details on these charts!
Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
#ETH/USDT#ETH
The price has broken the descending channel on the 1-day frame upwards and is expected to continue
We have a trend to stabilize above the moving average 100 again
We have an upward trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 2200
Entry price 2400
First target 2750
Second target 3205
Third target 3740
ETH - Bottoming against BTC and USDT ?**Crypto (ETH/BTC and ETH) review**
*General outlook*
Bitcoin is now facing resistance at a crucial pivot point to create the first higher high in months, BTC needs to break through the downward trendline (red) and the pivot high at $65,000. This breakthrough could push Bitcoin towards the highs of $69,000–$72,000 and bring an influx of capital to the broader cryptocurrency market.
Recently, ETH has garnered less attention as other Layer 1 and Layer 2 crypto projects have taken center stage. While ETH/BTC had initially broken down at levels not seen since april 2021, it's now reclaiming its range lows. Meanwhile, ETH/USDT has maintained its range, suggesting ETH might see gains in the coming weeks, provided Bitcoin doesn't break down.
*ETH/BTC* - On a macro scale, the ETH/BTC ratio appears to be moving in a large triangular consolidation pattern. The upward trendline, which will provide support, sits just below the 0.786 Fibonacci level of the entire last wave at 0.0369 ETH/BTC. With levels not seen since april 2021, it is possible that the narrative might shift in favour of ETH.
Zooming in, we can see a Hammer candle on high volume that created the low of the range—a potentially bullish signal. While we had broken down and confirmed from the range, ETH/BTC has since reclaimed it, though not yet confirmed. To confirm re-entry into the range, ETH/BTC needs to close with a daily candle above 0.0407 ETH/BTC. This could signal a quick push towards the range high, which coincides with the downward trendline that will serve as resistance at 0.4613 ETH/BTC.
*ETH/USDT* - ETH has held the low of the range that lies at the 1.618 extension of the previous big M-pattern and coincides with a pivot point now serving as support (see pic 2). The price has pushed through the 50D Moving Average and upward trendline (green) that served as resistance, indicating bullish strength returning to ETH. To confirm the push higher towards $3,000+, ETH needs to break $2,820.
We're still early =)
Have a nice weekend !
ZEDDIT
ETH/USDT Technical Analysis Overview:ETH has bounced off a significant support zone near 2,100-2,300 USD (brown-shaded area). This zone has previously acted as a strong support and the price seems to have respected it once again.
ETH is currently trading around 2,548 USD, showing a strong upward movement with a recent breakout above a descending trendline.
Resistance and Support:
The red-shaded area at the top of the chart, between 3,800-4,200 USD, is a major resistance zone. This level has previously rejected ETH, so breaking through this area will be key for further upside momentum.
Support is clearly defined around the 2,100 USD mark, which ETH has bounced off multiple times.
The yellow moving average suggests a potential shift toward a bullish trend, with price action starting to close above it.
ETH has broken above a descending resistance trendline, indicating a potential bullish reversal.
Based on the arrow in the chart, the projection suggests a bullish run toward the 3,200-3,800 USD range if ETH continues this momentum. However, it will face key resistances of around 2,800 USD and 3,050 USD before challenging the upper resistance zone.
The chart suggests a positive outlook for ETH, as long as it maintains support above the 2,400 USD level. If momentum continues, it could retest key resistance levels higher up.
Would you like further details or updates on this?
Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
ETHEREUM RoadMap (4H)From where we put the red arrow on the chart, the correction of Ethereum has started.
We are now close to the discount range of the previous wave.
The movement momentum of Ethereum has decreased. We have a good range for Rebuy. From the range of the yellow circle, we expect an upward price rejection.
The targets are listed on the chart.
Closing a daily candle below the invalidation level will violate 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
Getting Ready for a Strong Bull Market in ETHBTC!🚀 The pair seems to have bottomed out, and the arguments are increasingly favorable for an upward movement: 88.89% Bullish vs. 11.11% Bearish.
Bullish Arguments:
Monthly Bullish FVA
Monthly Discount Array
Weekly swing low being disrespected
Daily swing low being disrespected
Daily Bullish FVG respected
Daily swing high being disrespected
4H swing high being disrespected
4H swing low being disrespected
Bearish Argument:
Monthly PCL being respected so far.
🔍 We are on the verge of a bull market. Remember to manage your risk and be masters of your emotions! Don’t hesitate to take profits and, most importantly, learn from your mistakes and successes.
Let’s go for it! 💪
SAGA - Consolidation before price acceleration.# SAGA - Total3 - ETH/BTC
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SAGA is a cryptocurrency with a market cap of $160 million and a fully diluted market cap of $1.6 billion. It functions as a Layer 1 blockchain specifically designed for gaming. I included this coin this week because I see the potential for at least a 30% gain in the coming days or weeks. This coin is related to my publication from last week as I consider SAGA a SUI with a higher Beta. This means that SAGA is a coin that moves in relative tandem to SUI (discussed in my last publication) whilst being more volatile and sensitive to market movements.
**SAGA** - The price appears to be consolidating between a downward trendline (red) and an exponential trendline (green), forming a pattern of lower highs and higher lows. This suggests that the price is coiling up for a significant move.
If the price successfully breaks past the $1.90 level, there appears to be no further resistance until it reaches the W-pattern harmonic expansion at the 1.414 or 1.618 Fibonacci level. This corresponds to the corrective 0.618 or 0.786 Fibonacci retracement of the last impulsive wave down (see picture 1). This setup indicates a potential 30-60% price gain after surpassing the red downward trendline. (The strategy for entering the SAGA trade can be found at the end of this publication.)
**ETH/BTC** - The ETH/BTC pair is often considered a key indicator of the altcoin market's strength relative to Bitcoin. By analyzing ETH/BTC alongside TOTAL3 (the total crypto market cap excluding both BTC and ETH), we can look for confluence to determine if SAGA (and other altcoins) have the potential to move more rapidly in comparison to BTC.
On a macro scale, the ETH/BTC ratio appears to be forming a large triangular consolidation pattern. The upward trendline, which is expected to provide support, is positioned just below the 0.786 Fibonacci retracement level of the entire previous wave (see picture 1).
Zooming in (see picture 2), we can observe a hammer candle formed on high volume, which established the low of the current range (a bullish signal). At present, the price is holding at this range low and has filled the wick of the previously mentioned hammer candle. As long as the price does not break down from this range, it could quickly move towards the top of the range.
This suggests a higher likelihood of bullish price action for ETH and other altcoins, especially since it is rare for this ratio to increase while the prices of BTC and other cryptocurrencies decline.
**Total3** - TOTAL3 (the crypto market cap excluding BTC and ETH) is currently moving within a downward parallel channel, which can be a bullish indicator, much like BTC. The market cap bounced off the 0.886 Fibonacci level on August 5th, during a period of maximum fear, forming a hammer candle. Since then, it has also bounced from the 0.786 Fibonacci level, potentially creating a large W-pattern.
To support the idea that the altcoin market cap (excluding ETH) is gearing up for a bullish impulsive move, we can reference the "Three Waves to a Bottom" theory. This theory suggests that a market or stock typically undergoes three distinct downward waves before reaching a bottom. After the third wave, the price tends to stabilize and may reverse into an upward trend.
The movements in the Total3 market cap tend to suggest that more money will flow into the altcoins in the short to mid term. This should also benefit SAGA’s probabilities to have an acceleration in price.
**Trade Set-up**
In my opinion, I recommend 2 trade set-ups to enter in a SAGA long from the 14th of september onwards (Enter at White Arrow):
You wait for a breakout. Conservatively price should find resistance around 1.9$ and could retrace back to retest the trendline that has been serving as resistance since mid-Juli.
You wait for a breakout. If price does continue upwards, because crypto can move parabolically, even more when we consider the market cap of SAGA (=160M$) it is still probable that price will come down and retest the trendline that has been serving as resistance for 3months, the exponential trendline (green) that has been acting as support for even longer, or both as shown in the picture.
This is a repost from yesterday, hopefully the issue for the public post was the link at the foot of my previous publishment.
Have a nice weekend !
Zeddit
ETH - Next resistance at 2550 with target at 2750BINANCE:ETHUSDT (4H CHART) Technical Analysis Update
ETH price has hit bottom and strongly bounced back from the support zone (from price range of 2300 ). Price already seen a clear bounce back from the support and currently trading at 2400. next resistance at 2550 and if the price breaks that resistance then we can expect price to reach 2700.
Entry level: $ 2450
Stop Loss Level: $ 2250
TakeProfit 1: $ 2520
TakeProfit 2: $ 2600
TakeProfit 3: $ 2680
TakeProfit 4: $ 2750
Max Leverage: 2x
Position Size: 1% of capital
Remember to set your stop loss.
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Cheers
GreenCrypto