ETHUSD - Trying to Break the Down ChannelThis is the 4Hr chart for ETHUSD
Price is sitting right above the channel down
Sitting above like this could be cause for concern of a downward movement or a potential break in the larger channel.
I suspect a channel break will come soon, this is shown with the curved green line, showing an up movement.
Ether
XRPETH falling wedge/bull pennantWe can see that price action is reaching the apex of the white wedge/pennant and that the orange 50ma has now entered the pennant. Looking at where the stoch rsi currently is, odds are good that price can maintain support on the 50ma and that it could help lift or bounce price up out of the pennant and send it heading towards the breakout target. I have only posted the pennant breakout target here, the target for the wedge on its own will be a lower than this one, however I see that the pennant target share bullish confluence with the double bottom target so I feel that increases the odds that the breakout could result in it hitting the full pennant target instead of just the wedge target. Of course until a breakout is confirmed there’s still a chance it could go below the pennant and break downward instead although much less probable…it could also always do the classic fake like it’s breaking down when its really just pullling bad the slingshot before rocketing back upward and out of the pennant. We will likely see soon enough before September seems likely. *not financial advice*
ETH/USD Potential ABC CorrectionPotential ABC Correction ( log chart ).
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📈Ethereum analysis, Weekly insight into price behavior📉BINANCE:ETHUSDT
COINBASE:ETHUSD
Hello dear traders.
Due to the increase in trading volume in the last candles, I'm going to do some weekly Ethereum analysis.
In the next few days, Ethereum is expected to stabilize around the 1.6K - 1.75K.
If the price breaks below the mentioned area, the price will drop to the level of 1.5K (probably price receive support here) and then 1.2K.
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✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
CHAINLINK READY FOR TAKEOFF!CHAINLINK READY FOR TAKEOFF!
Link is the leading oracle and has no real competition, this project will make it to near all time highs in the next 6-12 months and will retest perfectly unless there are any blackswan events in our economy.
Global corporations and enterprises are ready to adopt a blockchain standard and will do whatever it takes to get clarity before this next bull run.
Im expecting chainlink to make definite partnerships with top organizations on the globe and have the potential to have its own ETF or be apart of an ETF.
Chainlink is in a group by its self and theres only a couple projects out there that actually provide real world use-case and LINK is one of the best.
This asset is tightly following ETHERs 2017 bear cycle which lasted 790 days from the previous top. This resulted in ETHER having a massive blow off top and with things rhyming so closely, I believe that chainlink is poised to be upward of $200-$500 if we get lucky.
If this doesn't happen in this bull cycle i still expect to see these price levels by 2030-2031
because crypto cannot survive right now without Link and that gives it enough use-case as BTC does or more in this current day in age where Utility is needed and foundation has to be established to meet industry standards.
ETH Ethereum Price Target| Binance vs SEC Lawsuit|Whales DumpingBinance disputes the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws.
The legal battle between Binance and the SEC has sent shockwaves through the cryptocurrency community.
Binance and its affiliates assert that the SEC is overreaching its jurisdiction on digital assets, especially without any clear legislative guidance from Congress. The original lawsuit, filed in June, accused Binance of unlawfully listing unregistered securities.
Historically, the actions of whales have been instrumental in shaping the price movements of Bitcoin and the broader cryptocurrency market.
Non-whale addresses, those holding less than 100 BTC, now account for over 41% of the total Bitcoin supply. Meanwhile, whales, entities holding between 100 and 100,000 BTC, have witnessed a decline in their collective holdings to 55.5%, marking their lowest ownership level since May.
The decrease in whale holdings could signal a potential change in the market's dynamics, potentially leading to increased volatility and uncertainty.
These developments collectively cast a shadow over the cryptocurrency market's near-term prospects.
In this context, my price target for ETH Ethereum is $1310.
Looking forward to read your opinion about it!
After perfect retest ready to soar The price action of ETH has followed the analysis almost to perfection, and now it appears poised for an upward movement. I anticipate a brief retest of the 100 SMA at 1'624, which could serve as the optimal entry point. The subsequent targets are 1'640 and 1'650, with the potential for a test of the significant level at 1'680 if momentum persists.
ETH Long term view. ~$1K :ong term ETH analysis. Purely focused on the structure of the cycle that Ether follows containing a triple top formation with a 1st high, weaker HH, lower High and a drop down followed by slow consolidation culminating in double bottom - not precisely - in demand zone, which is around $1000 USD this cycle.
Target for next cycle is pure speculation. Only certainty is that ATH will be beaten.
ETHUSD - Ethereum IdeaAn idea for Ethereum showing a large rounded structure forming above a stronger trend line
A down channel has also formed within this larger structure and I expect a very strong recovery from this channel at $1500 which we are close to.
Rounded structures usually break out bullishly when done.
This is why i believe we are in for a -78% correction ETHUSDHello Crypto friends! SMASH THAT LIKE AND FOLLOW BUTTON then continue to read on!
I hope all of you are having a wonderful day as i am going to share a chart with you that i believe will transpire in front of us within the next month and a half.
Why would i believe LiquidMEX on such a bold call like this?
You would believe a call like this because i have year after year dating all the way back to 2017-2018 calling/predicting massive sell offs and calling/predicting massive up moves with sniper like accuracy on taking profits at the TOP! Check my catalog of charts on my profile to see the proof for yourself and i will also leave a few charts tagged to this one.
Why would ETHUSD drop -82 like your showing on the chart that it will?
Look at the high ETHUSD reached Monday November 8th 2021. At the ATH of ETHUSD we dropped -82% in a span of 224 days the bottom being $879 on June 16th 2022. Now take a look at April 14th 2023 when we reached the micro high at $2,157. Taking a date range tool from the micro high at $2,157 and sending it 224 days from that high brings us to the date of November 26th 2023 which is where i believe we will see the bottom of ETHUSD.
What are the most CRITICAL support levels to watch for?
Glad you asked, i have made this very simple to understand using the horizontal ray tool.
KEY SUPPORTS
1. $1,622
2. $1,368
3. $1,076
4. $879 CRITICAL
5. $368 BOTTOM
THE BEARFLAG
The bear flag is identified as a period of consolidation after the completion of prices initial decline. During this period, prices may slowly channel upward and retrace a portion of the initial move. At this point traders will wait for price to break to lower lows in the direction of the trend.
CONCLUSION
Summarizing everything you have just been told i expect the bottom of not only ETHUSD but also Bitcoin to be reached by or very close to the date of November 26th 2023.
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.
Negative Money Flow Index for ETH - Explore AlternativesI write to you with caution regarding Ethereum (ETH) and its current negative dropping Money Flow Index (MFI).
As many of you know, the MFI is a popular technical indicator used to measure the strength and direction of money flowing in and out of an asset. It provides insights into market sentiment and can help identify potential buying or selling opportunities. Unfortunately, the recent MFI trend for ETH has raised concerns and warrants our attention.
Over the past few weeks, ETH's MFI has shown a consistent negative drop, indicating a significant outflow of money from the asset. While market fluctuations are common in cryptocurrencies, it is crucial to acknowledge this downward trend and consider its implications for your investment strategy.
Therefore, I urge you to step back and reevaluate your portfolio allocation, especially regarding ETH. While Ethereum has undoubtedly been a pioneer in the blockchain space and has witnessed remarkable growth, it is essential to remember that diversification is the key to long-term success in any investment venture.
Given ETH's negative dropping of MFI, I strongly encourage you to explore alternative asset classes within the cryptocurrency market. By diversifying your holdings, you can mitigate risks associated with a single asset's performance and potentially capitalize on emerging opportunities elsewhere.
Consider allocating a portion of your portfolio to other promising cryptocurrencies demonstrating positive signs and growth potential. Conduct thorough research and analysis, considering factors such as market demand, technological innovation, and the team behind each project. This approach will help you make informed decisions and reduce the impact of any adverse trends affecting a particular asset.
Remember, the cryptocurrency market is highly dynamic and ever-evolving. As traders, we are responsible for adapting and staying ahead of the curve. By considering alternatives to ETH and diversifying your investments, you can better position yourself to navigate the market's ups and downs while potentially maximizing your returns.
AT CryptoScan: ETHUSD rally off a baseIt has been a while and previously posted about ETHUSD to take a tumble... yes, it did albeit it took a longer time to get to the downside target. Since then, there has been some consolidation and minor breakouts. The custom MACD and VolDiv indicators in the weekly charts have also had significant crossovers which collectively are signaling the bottoming out of ETHUSD.
Seen in the weekly chart, a consolidation triangle breakout in mid-January 2023 gave the first signal, just below 1600. The second signal came from the range breakout in March 2023, just below 1800. Recently, a retest of the range happened in June 2023 and this retest was followed by a solid break up that brought ETHUSD to 1900.
Given the previous trigger points and admittedly, some skepticism on the validity of ETHUSD comeback, it appears that the tests have been positive and there is a possible real longer term sustainable breakout incoming.
Positioning at the last bounce off, am expecting the technical indicators to turn over up over the next month, and a break above 2000 to Fibonacci upside target at 2400. Candlestick pattern shows the first indication of a solid rally with momentum and needs to continue.
Noted this is the weekly chart for ETHUSD... so ranges are larger, and takes time to bake the cake. 2000 is a critical resistance which will be tested over the next weeks, and watching the outcome would be a really good thing at this point.
Heads up!
ETH Price Soaring with Bullish Flag - Time to ConsiderToday, I bring you exciting news: Ethereum (ETH) has shown a remarkable surge, accompanied by a bullish flag pattern that signals a potential upward trend. This is the perfect opportunity to consider adding ETH positions to your portfolio!
Over the past few weeks, ETH has been on an impressive upward trajectory, outperforming numerous other cryptocurrencies. However, what truly sets it apart is the recent formation of a bullish flag pattern. For those unfamiliar, a bullish flag is a technical analysis pattern that indicates a brief consolidation period before a potential continuation of the previous upward trend. This pattern often precedes a significant price surge, making it an exciting time for traders like us.
The recent surge in ETH price, coupled with the bullish flag pattern, suggests that we may be on the cusp of witnessing a substantial rally. As traders, we thrive on identifying such opportunities and capitalizing on them. Therefore, I encourage you to consider adding ETH positions to your trading strategy, taking advantage of this potentially lucrative period.
Here are a few reasons why ETH presents a compelling investment opportunity:
1. Ethereum 2.0 Upgrade: The much-anticipated Ethereum 2.0 upgrade is set to revolutionize the network, enhancing scalability, security, and efficiency. This upgrade has been a long time coming and is expected to attract increased adoption and investment in the Ethereum ecosystem.
2. DeFi Boom: The explosive growth of decentralized finance (DeFi) has driven ETH's recent surge. As the backbone of the DeFi ecosystem, Ethereum has become the go-to platform for innovative financial applications, attracting significant investor interest.
3. Institutional Adoption: The interest and involvement of institutional investors in the crypto space have been steadily increasing. With prominent institutions recognizing the potential of cryptocurrencies, including ETH, we can expect a surge in demand and subsequent price appreciation.
Now is the time to seize the moment and consider adding ETH positions to your trading portfolio. However, as with any investment, conducting thorough research, analyzing market trends, and managing risk is crucial. Stay informed, closely monitor market indicators, and make informed decisions to maximize your potential gains.
Remember, opportunities like these only come knocking sometimes. By staying ahead of the curve and embracing the bullish flag pattern, we position ourselves for potential profits in the ever-evolving world of cryptocurrencies.
So, what are you waiting for? Take action now and consider adding ETH positions to your trading strategy. Take advantage of this exciting opportunity to ride the wave of Ethereum's upward momentum!
Ethereum ETH potential rally with the Stock MarketCryptocurrencies were left behind by the recent Stock Market rally.
With the arrival of new BTC Bitcoin ETFs, I expect the Crypto Market to follow!
ETH/USDT prediction
Entry Range: $1800 - 1900
Take Profit 1: $1950
Take Profit 2: $2010
Take Profit 3: $2100
Stop Loss: $1730
ETH/BTC Analyze (Road Map, 06/23/2023)!!!🗺️First, let's see what the ETH/BTC chart is advantage :
It shows us whether to invest in Bitcoin or Ethereum, of course, according to the market cap of cryptocurrencies.
Considering that more than 80% of the tokens are in the Ethereum blockchain . When ETH/BTC is bullish, Bitcoin dominance is bearish, and the total market cap is bullish, we can expect the start of the Altseason .
ETH/BTC is in the form of a zigzag(ABC/5-3-5) corrective structure so that the main wave C is forming an Expanding Ending Diagonal .
I expect microwave 5 of main wave C to finish in the 🟡 Price reversal zone 🟡 and 🟢 heavy support zone 🟢.
Ethereum/Bitcoin Analyze ( ETHBTC ), Daily 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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Ethereum ETH price slow as turtle, but stable at a long distanceToday, let's take a look at the prospects for ETHUSDT price movements in the medium term.
On the one hand, over the past week, the ETH price has grown +13%, which is worse than the BTC price +17%.
By the way, here we described our thoughts on the possible movement of the BTCUSDT price
On the other hand, buyers of ETHUSDT we can understand how difficult it is for them now, because the ETH price is now "stuck" in a powerful mirror zone. In 2021-2022, the $1750-2000 zone acted as a reliable support, and over the past calendar year, it has been acting as resistance and not letting it go up.
However, looking at this, as the Ethereum team and holders with investors are actively working to greatly reduce the supply of ETH on the market, we believe that the coin has a bright future.
It is also worth realizing that the current ETH is not the Ether of 2016-2017 or 2020-2021, when its price was multiplying every week. Now, Ethereum's capitalization share is 19-20% of the total crypto market capitalization, and now it is a very difficult task to move the price up by hundreds of %, as it was before, and requires exorbitant investments.
So now Ethereum has moved into the category of a "reliable, low-volatility investment", of course, by the standards of the crypto market.
Now, the main task of ETH buyers is to keep the price above $1750-1806. We consider this price range to be a reasonable one for a medium-term investment in Ethereum.
And the first target where you can sell at least part of your ETH savings is around $2870, which is +60%.
PS:
After the ETHUSDT price manages to gain a foothold above $2000, growth will become more dynamic.
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