ETHUSD - Hourly Falling WedgeA falling wedge pattern which are considered a bullish pattern once completed.
This bullishness we might see once ETH stops hovering around these 1700 - 1800 levels.
Im still bullish on ETHUSD right now.
Ether
Crypto Summer: Ether to $2200? Clean retracement to .78 on the fibs and we're holding strong. I think that we should go retest the highs and break $2150 over the next few weeks.
Ethereum minimum growth of ➕10%!!!🚀Ethereum seems to have created a 🐻bear trap🐻 (but the 100-SMA held Ethereum well).
According to Elliott Wave theory, Ethereum is completing a c orrective structure .
Ethereum correction structure can be Expanding Flat(ABC/3-3-5) or even Double Three Correction(WXY) .
I expect Ethereum to go up to 🟡 PRZs(Price Reversal Zones) 🟡 after breaking the downtrend line .
Ethereum Analyze ( ETHUSDT ), 4-hour time frame ⏰.
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ETHUSD - Could It Double Top?Would the previous peak lead to a double top with the current peak?
Bars pattern just shows my thoughts if price did double top and price moved down
ETHUSD - Gaussian Channel Favouring BullsThe Gaussian channel is turning green!
Price is moving up slowly but for now it has perched itself above the middle line which is a really good support.
ETH may continue to move up as the channel continues to turn.
ETHUSD - Precarious Monthly Gaussian ChannelETHUSD on this Monthly timeframe shows higher lows sitting just above the top of the channel.
If we are able to recover and hodl this Monthly upper line the bulls are still on for the long term.
Higher lows present.
ETHUSD - Sharp RiseA sharp rise following a curved trend
I think BTC is going to 700K so naturally ETH will follow
Attaching some relevant ETH charts
ETHUSD - Third Test of Middle Channel LineThe middle line within an up channel
third test it looks like the bears are strong but strong bounces have been seen off the line already
Perhaps the bulls will maintain the middle line?
4Hr Chart
Ethereum potential to $1900 over this weekend? Been getting good on trading at the beat of my own drum recently. A sweep above $2,000 and I'm expecting us to return to $1900 at least where we have Fibs retracing to below .78. If we break $2,000 with momentum, I'll look to $2030 about as a target.
ETHUSD Cup and HandleLong term cup and handle pattern
Will we see the bullish phase during the handles structure?
I am bullish on ETH.
Ethereum ETH Price Targets after the FOMC meeting this weekThe upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments.
The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak.
Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the financial situation is much steadier.
Additionally, inflation remains elevated, and with evidence of stubbornness in underlying inflation, it could be in the 4% to 5% range, far above the 2% inflation target. The markets are pricing in a 25bp Fed Funds rate hike to 5.25% at the May FOMC meeting, and given the steadiness in financial markets, persistence in price pressures, and continued decent activity, this could contribute to a further downturn in the crypto market.
ETH/USDT short
Entry Range: 1800 - 1950 usd
Take Profit 1: 1710 usd
Take Profit 2: 1620 usd
Take Profit 3: 1480 usd
Stop Loss: 2150 usd
Ethereum ETH Price Targets after the FOMC meeting this weekThe upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments.
The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak.
Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the financial situation is much steadier.
Additionally, inflation remains elevated, and with evidence of stubbornness in underlying inflation, it could be in the 4% to 5% range, far above the 2% inflation target. The markets are pricing in a 25bp Fed Funds rate hike to 5.25% at the May FOMC meeting, and given the steadiness in financial markets, persistence in price pressures, and continued decent activity, this could contribute to a further downturn in the crypto market.
ETH/USDT short
Entry Range: HKEX:1800 - 1950
Take Profit 1: HKEX:1710
Take Profit 2: TSE:1620
Take Profit 3: TSE:1480
Stop Loss: TADAWUL:2150
ETHUSD - Layering ChannelsAn idea for ETH supporting some of my previous posts, with a reversal at around ~1800
I have drawn channels against all of the trend lines available
Linking related posts below
ETHBTC may be putting in a major fakeoutAs usual, what follows isn't financial advice but a mere observation.
This idea is to be considered as a follow-up of the one that can be found linked below.
As explained in my last study, we're witnessing extremely low levels of volatility on the weekly timeframe for ETHBTC.
While price action wasn't exactly confidence-inducing until a couple days ago, tides might be beginning to change.
We can observe how since july 2020, the 21EMA (yellow) and the 55EMA (green) have never had the chance to bearishly cross.
This brings me to a very simple point, if we can see a weekly ETHBTC close above both EMAs, essentially producing a fakeout, the idea that the expansion phase coming from this extremely low volatility environment will be to the upside will begin to appear more probable.
The horizontal ray that's marking the march 2023 high (0.073544) is the obvious line in the sand for me, a weekly close above that level will make me consider that ETHBTC is putting in a major - possibly even macro - low.
Keep in mind that as long as the price keeps being held down by both the 21EMA and the 55EMA this is just a possible scenario waiting to unfold, but still unconfirmed.
Furthermore, a weekly close below this current week low (0.062037) will very likely result in a much more severe downside continuation, with targets already discussed in the idea linked below.
Whatever happens, stay safe and wait for confirmation.
ETH ETHER EW COUNTETH held stronger vs BTC at the lows.
While BTC made lower low, ETH remained above with a higher low. However since those lows, BTC dominance has flexed its muscle and ETH had lost some of its strength until recentl with the upgrades/mergers, ETH surged and bounce right back up. Tough to say whether another leg up is due, I am favoring at least a retest of the current high and possible a push up towards 2400-2800 & 2800-3200 area. At the highs is not where I want to be bullish considering economic conditions & where global markets are currently sitting. So if you bought at the lows, it would be very safe to be taking profits along the way as wave 4 retracement was already completed in the summer of 2022. Upside here can be viewed as limited, as the ending tops normally are.
We will have to wait and see how the current pullback plays out and see how markets behave over next few days/weeks. Opportunity to go long may be the favorable trade as I personally do favor another leg higher; a stop loss at previous low is ideal area to consider for managing risk.
Will update the wave counts as candles print. For now, nothing major. Current sequenece appears to be impulsive sequence of wave i-v to complete the corrective ABC as a wave ((4)).
We shall see how this plays out.
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Cheers
ETHUSD - Why I Think The Bull Market Is Still On (Higher High)Higher highs are indicative of a market that wants more, higher prices
The bear market we have experienced is not comparable to that of the one seen following 2017, both in length and severity.
We also haven't experienced the peak bull market, which is now taking its turn to come through.
ETHUSD - Inverted H&S An inverted H&S structure with the suggestion that the right shoulder is yet to form
I would expect a recovery for the shoulder somewhere in the lower half of this channel
(1) is the shoulders
(3) is the head
(2) are also a key part of the pattern, id call them the arms
ETHUSD - Key Areas To Watch Key areas to watch are labelled with the price point tool
If we break down this middle line and support is not found there is still one lower band for support to be found
The curve channel is overall bullish until the larger curve structure is broken
Lets see what happens
ETHUSD - Pattern CountCounting the pattern with (1) being the highs and (2) being the lows and support points
We are currently experiencing a support point at (2)
Growth usually occurs following (2)
ETHUSD - Curve ETH has started to take off above the parabola that can be plotted.
Previous points along this line are in green and show the bullish potential right above the trend line.
The trend lines strength is shown with the dump during COVID (early 2020), rejected right on the line.
Ethereum Dominance Prepared to LaunchAfter almost 2 years of consolidation it looks like 20% may be breached soon and then 25-30% likely in the future this year
#Ethereum goin up #ETH $ETHEthereum's coin Ether is going to test upper trend line. Least likely can break the it up.
ETH Bullish Retest?KUCOIN:ETHUSDT
Looking for bullish ETH retest in yellow zone.
Always wait for entry trigger confirmation which could be a candlestick pattern or formation.
Upside targets marked.
Failing, look for entry-trigger for short to 1350 level as initial play.
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
