ETHEREUM - SHORT Expecting a rejection of our sell zone. Once entered, stoploss above the highs ( invalidation level ).
Ethereum (Cryptocurrency)
ETHUSDT LongOn Ethereum vs US dollar we had a upwards trade but now in this anylisis i want to confess that the pair is in bearish trend but as i am seeing the pair is going to atleast complete Lower high and in H4 to H1 its in a Bullish trend due to its lower high completion so we will be having a long trade over this price and then will start a bearish continuation
ETH (Crypto ETHEREUM) SELL TF H4 TP = 2286.86On the H4 chart the trend started on Sept. 27. (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 2286.86
This level, which I have outlined above, is certainly not a “finish” level. But it is the level that has the “highest percentage of hits on target.”
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
Elliott Wave Analysis with Fibonacci Extensions - Potential BullIn this chart, we observe a clear Elliott Wave structure with five impulsive waves, indicating a potential bullish continuation. The Fibonacci extensions are plotted, highlighting possible Take Profit (TP) levels based on the wave projections.
Wave 1 to 5 completed, with Wave 5 potentially leading to significant price growth.
The Fibonacci retracement levels show key support areas, while the Fibonacci extensions suggest potential upside targets.
Key Targets:
TP0: MAX 81,738.0 (168% - 200% Fibonacci)
TP1: MAX 98,157.0 (261% - 300% Fibonacci)
TP2: MAX 114,576.0 (361% - 400% Fibonacci)
TP3: MAX 130,995.0 (461% - 500% Fibonacci)
The current price action is in consolidation, suggesting a breakout may occur soon. A strong move past TP0 could accelerate the upward momentum towards the higher TP levels.
Keep an eye on support levels around 63,068.0 and potential correction zones before a breakout occurs.
Disclaimer: This is just my personal view based on technical analysis, and it is not financial advice. Please conduct your own research and trade responsibly!
hoping for another bounce?I think we have been ranging that bottom end a while now, we could see a bounce up to the top of the range, then depending on what's happening when we get there, further up, or a bounce back down (my inclination in down)
Check if it is a regular array before trading
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
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Since ETH is in a reverse array (M-Signal on the 1D chart < M-Signal on the 1W chart < M-Signal on the 1M chart), I don't think it's time to trade.
However, since it is located near the HA-Low indicator and the M-Signal indicator on the 1D chart, if it receives support, it can be considered an aggressive buying period.
Such aggressive buying requires a short and quick response.
From this perspective, if ETH maintains its price around the 2555.38-2646.97 range and switches to a regular array (M-Signal on the 1D chart > M-Signal on the 1W chart > M-Signal on the 1M chart), it is ready for trading.
If you are familiar with day trading, you can start with aggressive buying and move on to full-scale trading, but if you are not, it is better to pass on aggressive buying.
If you make an aggressive purchase and it fluctuates up and down, you will not be able to hold on and sell when you need to make a full-scale transaction, which will reduce your profits or you will likely suffer losses even if the price rises.
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Currently, the only coin recognized for its value after BTC is ETH.
You can argue this, but this is a fact.
Several coins are making efforts to be recognized for their value.
Namely, XRP, SOL, etc.
Therefore, I think that long-term investments are BTC and ETH, and the remaining coins and tokens are trading coins that earn profits through trading in the medium term or less.
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(ETHUSDT 12M chart)
When drawing a parallel channel, the most important trend is the trend line (1) created by the first and second selection points.
Therefore, if the first and second selection points are selected incorrectly, an incorrect channel may be created.
The next important thing is the third selection point, which determines the width of the channel.
If this is also selected incorrectly, it can be interpreted incorrectly, so caution is required.
Therefore, trend line (2) is the important trend line.
The next important thing is trend line (3) created between (1) and (2).
Therefore, if trend lines (1), (2), and (3) are passed, there is a high possibility that a change in the trend will occur.
The Fibonacci ratio is displayed as a Trend-Based Fib Extension tool with the selected candlestick of the parallel channel.
Accordingly, the drawing for basic chart analysis is completed.
Fibonacci ratio or parallel channel is for chart analysis, not for trading, so do not confuse them.
If you think of Fibonacci ratio as support and resistance points and there are no support and resistance points drawn separately on the 1M, 1W, and 1D charts, I think the transaction is likely to fail.
Therefore, in order to proceed with the transaction, you must mark the support and resistance points on the 1M, 1W, and 1D charts.
-
(ETHUSDT 1W chart)
If you drew an ascending parallel channel on the 12M chart, you drew a descending parallel channel on the 1W chart.
The 1M chart is drawn as an ascending parallel channel like the 12M chart, so it was not drawn.
This allows for a more accurate analysis when looking at just one parallel channel.
The Fibonacci ratios shown on the left were drawn on the 1W chart.
We found that a change in trend can occur by passing through the area indicated by the circle.
-
(1D chart)
The price made an uptrend and then started to make a downtrend.
As you can see in the 1D chart above, there are two downtrends.
The first wave of the downtrend provides important information.
Therefore, if possible, it is better to draw a trend line on the first wave where the change in wave occurred.
The second downtrend is connected to the current wave, so this also provides important information.
If you mark important areas according to the current price position, it is the same as the order of the circles marked on the chart.
-
Have a nice time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that the real uptrend will start after rising 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 be encountered in the future. We need to see if we can break through these points.
We need to see the movement when we touch this section because we think we can create a new trend in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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ETH 2703 Long Coin breaks into the bullish zone👋🤖 Ether broke through the tenth 50MA, retested it and is breaking into the bullish zone.
On the horizontal volume indicator we see a strong gap in volume (See volume on the daily)
🔥🚀🚀 Price will fill this range very quickly and pass this distance!
Entry pattern breakout
First target 2819
Second target 2934
Third target 3087
Volatility is low, volume is very good you can use leverage up to 50x!
Stop short
🤖 Trade in long what is growing.
Ethereum Holds Steady Amid Volatility, Eyes on $2,800 BreakoutMarket Overview:
Ethereum had a volatile week but ended with a 1% gain, with buyers defending the critical $2,400 support level.
If ETH loses this support, the price could drop toward $2,000, impacting altcoins negatively.
Key Levels to Watch:
Current resistance: $2,800. A break above this level would signal buyers regaining control.
Support: $2,400. Losing this could trigger further downside to $2,000.
Outlook:
Ethereum is showing signs of market indecision, moving sideways. A breakout above $2,800 would end this hesitation and bring back bullish momentum.
#Ethereum #ETH #CryptoUpdate #PriceAnalysis #SupportAndResistance
Ethereum Eye $2900: Can It Recover Amid Vitalik's ETH Sales?Ethereum ( CRYPTOCAP:ETH ), the second-largest cryptocurrency by market capitalization, has been displaying signs of resilience, despite market-wide volatility. Following Bitcoin’s momentary drop below $59,000, Ethereum ( CRYPTOCAP:ETH ) managed to climb 0.66%, forming an intraday Doji candle. Currently trading at $2414, CRYPTOCAP:ETH has shown an intraday pullback of 0.14%, raising questions about whether this recovery could persist amid consistent sales of ETH by Vitalik Buterin and the Ethereum Foundation.
Technical Analysis: Bullish Indicators on the Horizon?
Ethereum’s current price action exhibits a notable rejection near the $2300 support level and its corresponding local support trendline, fueling the possibility of a bullish rebound. Analysts have identified this level as critical for CRYPTOCAP:ETH , and the lower price rejection provides hope that the bulls may regain control.
A closer look at the 4-hour chart reveals bullish divergence in the RSI between the past two dips near $2340. This divergence suggests a potential double-bottom reversal, a classic bullish pattern indicating an impending uptrend. In such cases, a reversal rally could push the CRYPTOCAP:ETH price toward nearby resistances at $2425, followed by Fibonacci levels of $2520 (50%) and $2624 (78.60%).
However, we highlights a crucial technical support for Ethereum around $2250, a breakdown below the TD support trendline could trigger an average correction of 53%, which could send Ethereum below the $2000 mark.
Bearish Sentiment: Concerns Over Ethereum Sales
The market remains divided on whether CRYPTOCAP:ETH can maintain its bullish momentum. One of the biggest concerns stems from sales by Ethereum co-founder Vitalik Buterin and the Ethereum Foundation. Their recent decision to sell significant amounts of ETH has raised alarm bells among investors, as many view insider selling as a bearish signal. Martinez’s analysis, reposted with the caption "Now it makes sense why Vitalik Buterin and Ethereum Foundation have been selling," reinforces the possibility of a sharp drop below $2250.
In addition to insider selling, Ethereum’s 10-day and 100-day moving averages are currently sitting slightly below its current price. This technical weakness, combined with a relatively neutral RSI of 45, suggests that Ethereum lacks the strength to push toward the critical $2900 resistance pivot in the short term.
Potential Price Targets and Scenarios
Ethereum’s price movements suggest a cautiously optimistic outlook, but the path forward is uncertain. If $ ETH breaks through the overhead resistance at $2824, it could aim for a 20% increase to reach $3175. However, falling below the $2120 support could result in a bearish correction down to $1769.
In a bearish scenario, Ethereum may retest the $2300 and $2200 support levels. A further breakdown below $2250 could confirm Martinez’s thesis of a significant correction, potentially leading to a massive selloff and further losses for ETH holders.
Fundamental Analysis: Ethereum’s Role in the Broader Market
While technical indicators show both bullish and bearish possibilities, Ethereum’s fundamental role within the crypto ecosystem remains strong. Ethereum is the backbone of decentralized finance (DeFi) and non-fungible tokens (NFTs), and it continues to lead the way in smart contract innovation. Ethereum’s network upgrades, including its transition to proof-of-stake, have been seen as critical steps toward long-term scalability and sustainability.
Nevertheless, Ethereum ( CRYPTOCAP:ETH ) is not immune to market-wide challenges. Broader macroeconomic factors, such as interest rate hikes and inflation concerns, have weighed heavily on cryptocurrencies. Ethereum’s price is also heavily influenced by Bitcoin’s movements, and BTC’s recent dip under GETTEX:59K poses additional risks for ETH investors.
Conclusion
Ethereum’s short-term prospects are mixed. On the one hand, the bullish divergence on the RSI, lower price rejection near support, and potential reversal patterns suggest that CRYPTOCAP:ETH could soon break out of its current trading range. On the other hand, insider selling by Vitalik Buterin and the Ethereum Foundation, combined with key moving averages sitting below current prices, implies that caution is warranted.
Whether Ethereum ( CRYPTOCAP:ETH ) rebounds to its former highs or faces a significant correction, investors should remain vigilant and adjust their strategies accordingly.
ZKSync: Poised for a Major Breakout in the Coming Cycle!ZKSync is rapidly positioning itself as one of the top Layer 2 solutions for Ethereum, offering scalability, lower fees, and faster transactions key ingredients for the next wave of blockchain adoption. As Ethereum’s congestion issues persist, Layer 2 protocols like ZKSync are becoming essential, and with its zero-knowledge rollups and strong utility, it is set to outperform many major coins.
In the coming cycle, I believe ZKSync has the potential for significant growth. With its solid technicals and increasing adoption, ZKSync is well-positioned to experience a breakout. Keep your eyes on this one it could be a top performer in the next market phase.
ETHUSDwave1:2,122
wave2:1,543
wave3:4,095
wave4:2,122
wave5:6,000?
Ethereum is now preparing for a 5th wave up, can we see it reach 6K at the 2Q of 2025?
ETH Nears Strong Support: Strategic Buying Opportunity AwaitsBITSTAMP:ETHUSD
Current Price: 2,389.19 USDT (+0.79%)
Ethereum is currently experiencing a sideways trend throughout October, positioned near the lows of 2024. This consolidation suggests an interesting opportunity for buyers if a dip occurs toward the 2,200-2,100 USDT range.
Technical Analysis
Daily Timeframe:
The Relative Strength Index (RSI) is at 43.11, indicating a neutral sentiment.
MACD shows a bearish signal at −31.70, suggesting potential selling pressure.
Momentum is slightly positive at −211.63, signaling possible buying interest.
Moving averages are predominantly bearish, with the 10-day Exponential Moving Average (EMA) at 2,432.09 and the 20-day EMA at 2,461.91, both suggesting selling momentum.
2-Hour Timeframe:
The RSI is at 43.02, remaining neutral.
MACD also indicates a sell signal at −13.12.
The Momentum indicator is showing a slight buying signal at −42.68, hinting at potential upward movement.
30-Minute Timeframe:
The RSI remains at 43.02, with neutral readings across various oscillators.
MACD is still bearish at −13.12, indicating persistent selling pressure.
Momentum shows a slight positive value at −42.68, suggesting potential for a short-term bounce.
General Commentary on Indicators
The overall state of the indicators across multiple timeframes reflects a market that is largely in a neutral to bearish phase. While oscillators like the Momentum and Williams Percent Range are indicating some buying interest, the dominant signals from moving averages and MACD suggest that sellers are still in control. This mixed sentiment suggests that traders should exercise caution while considering new positions.
Conclusion
Given the proximity to this year's lows and the current sideways movement, it presents a favorable opportunity to evaluate a buying position if the price dips toward the 2,360-2,370 USDT range. Opening buyer positions near these lows could create an advantageous risk-reward ratio, particularly as this level aligns with strong support that has proven reliable thus far. By positioning close to solid support, traders can better manage their risk while aiming for potential gains in the event of a market rebound.
Disclaimer: This content is for informational purposes only and should not be considered as financial advice. Cryptocurrency investments carry risk, and it is essential to conduct your own research or consult with a licensed financial advisor before making any investment decisions.
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
Ethereum Signaling a Possible Bullish BounceIn the weekly Ethereum chart above, several indicators suggest ETH could be approaching a significant support zone, potentially leading to a reversal:
The MACD is nearing a potential bullish crossover. This is typically seen as a signal that the downtrend could be losing strength and that buyers might step in soon. A confirmed crossover would likely lead to a shift in momentum towards the upside.
The RSI has dropped below the 40 level, approaching oversold territory (below 35). This indicates that ETH may be undervalued, and the selling pressure could be exhausted, hinting at a possible rebound in the coming weeks.
100 and 200 EMA: The 100 and 200 EMAs are acting as strong support zones. Historically, these EMAs have provided robust support during major market pullbacks, and they could hold up ETH’s price from further declines.
This indicates the bottom for ETH, and we can expect a bounce from the current support level.
ETH Rejection at $2,461: Bearish Target $2,320?The Ethereum (ETH/USDT) chart on the 1-hour timeframe shows a significant price rejection from the $2,461 level, which is a key resistance zone. The price is currently hovering around $2,406, and the trend is favoring a bearish outlook. Here is a brief analysis and trading strategy:
Key Levels:
Resistance Zone: $2,461 - $2,460 (red zone)
Support Levels: $2,357 (first target), $2,320 (secondary target)
Analysis:
The price is facing strong resistance from the $2,461 level, with multiple rejections indicating the dominance of sellers.
The short-term moving averages are aligning with the bearish trend, and the price is struggling to break back into the resistance zone.
The next probable move, as shown by the red arrows, is a bearish continuation towards the first support level at $2,357, with a further possible drop to $2,320 if the selling pressure continues.
Trading Strategy:
Short Position: Consider shorting near the $2,414 - $2,461 resistance zone if the price fails to break above it. Target $2,357 initially, and if the bearish momentum continues, aim for $2,320.
Stop Loss: Place a stop just above the $2,461 level to limit risk.
This setup favors bearish traders, but monitor the price action closely near the support levels for any signs of reversal.
BTCUSD, HS INVERSE.The crypto BTCUSD price looking forward to surging back above FWB:65K as shown in the chart. A clear pathway to the top directed by the retest to head and shoulder(inverted) on the higher timeframes. Keep calm and enjoy the flight.
Bitcoin 70,000! Can Milton Stand in the Way?Bitcoin: 70,000 or 40,000?
Bitcoin is at a critical juncture, with the price poised to either break through to new highs at 70,000 or drop to as low as 40,000. Bulls are eyeing a breakout above key resistance levels, which could lead to a sharp move upward. However, bearish forces, including macroeconomic factors and potential market sell-offs, may push the price down toward critical support. The next move will likely be driven by major events, market sentiment, and global factors. Will Bitcoin soar or correct sharply? Stay tuned for the next big move!
#Ethereum winks at the 2025 mega bull!Before the 2021 mega bull, we witnessed the retest and accumulation process in August, September and October 2020.
CRYPTOCAP:ETH is in the final stage of the retest and accumulation process in August, September and finally October before the 2025 mega bull.
ETHUSD ForecastThe chart perfectly shows ETH to be in a falling channel.
But in the previous forecast I described why I see that ETH will fall by 10% at most and will grow further.
Therefore, I expect growth and exit from this channel.
Going Long on ETH: Strong Bullish Signals!Ethereum (ETH) is currently experiencing a bullish trend, supported by several key fundamentals:
Global Adoption and Institutional Interest
The cryptocurrency market, particularly Ethereum, is seeing increased adoption and institutional interest. Major financial institutions and corporations are exploring blockchain technology and decentralized finance (DeFi) applications, many of which are built on the Ethereum network.
Technological Advancements
Ethereum's ongoing upgrades and improvements, including the transition to Ethereum 2.0, are enhancing its scalability and efficiency. These developments are attracting more developers and users to the platform, potentially driving up demand for ETH.
Market Sentiment
Recent market analysis suggests a positive outlook for Ethereum, with some experts predicting significant growth potential. The breaking out of key resistance levels has fueled optimism among traders and investors.
Utilizing Probabilities for Long Positions
I'm employing probability-based strategies to enter long positions on ETHUSD.
By incorporating probability analysis into my trading approach, I aim to capitalize on Ethereum's bullish fundamentals while maintaining a structured and disciplined trading strategy.
Let's dive in!
2W:https://www.tradingview.com/x/t6j2hT4t/
2H:https://www.tradingview.com/x/prwKqAhU/
ETHUSD Last call before $4600Ethereum has crossed above July's Falling Resistance and has started a new bullish phase.
A crossing above the 0.5 Fibonacci level, confirms the bullish extension.
This is the pattern that was followed last October (2023) right when the mega rally started.
Trading Plan:
1. Buy if the 0.5 Fib breaks.
Targets:
1. 4600 (the 1.5 Fibonacci level, in line with the Dec 7th 2023 High).
Tips:
1. The RSI (1d) has already been on a Bullish Divergence since the August 5th low. Similar pattern with the August 18th 2023 bottom. Perfect time and price symmetry.
Please like, follow and comment!!
COMMUNE AI or COMai: Collaborative Artificial IntelligenceProject description:
COMMUNE AI is a decentralized platform focused on collaborative artificial intelligence, allowing users and developers to create, share, and improve AI models through decentralized data sharing and community-driven AI model optimization, all powered by blockchain.
Type of project:
Decentralized AI collaboration and data sharing platform.
Is it under a block?:
Yes, COMMUNE AI operates on Ethereum and compatible blockchains, utilizing smart contracts to enable decentralized collaboration on AI models, data sharing, and token-based incentives for contributions.
Latest update or news:
As of July 2024, COMMUNE AI launched its AI Model Repository, where users can collaborate on improving AI models in a decentralized manner and earn $COMai tokens for their contributions, driving community engagement and development.
Narrative:
Decentralized AI, collaborative machine learning, community-driven AI, and blockchain-powered AI infrastructure.
Why is it a good investment?
Institutional Backers and Angel Investors:
Outlier Ventures:
Outlier Ventures has backed COMMUNE AI, recognizing its potential to reshape how AI models are built, shared, and optimized by leveraging decentralized collaboration and blockchain technology.
Animoca Brands:
Animoca Brands, a leader in blockchain gaming and decentralized ecosystems, has invested in COMMUNE AI due to its focus on creating open, collaborative AI infrastructure.
Framework Ventures:
Framework Ventures has supported COMMUNE AI, seeing the opportunity to develop a decentralized AI ecosystem where users and developers can collaborate on AI solutions in a transparent, incentivized environment.
Angel Investors:
Ben Goertzel (Founder of SingularityNET):
Goertzel, known for his advocacy for decentralized AI, has shown interest in COMMUNE AI’s mission to enable community-driven AI model optimization, though there is no confirmed direct investment.
Trent McConaghy (Founder of Ocean Protocol):
McConaghy has expressed support for projects that focus on decentralized data sharing and AI collaboration, aligning with COMMUNE AI’s goals of democratizing AI development through blockchain.
Futuristic Use Case:
Collaborative AI model optimization:
COMMUNE AI enables users and developers to work together on optimizing AI models, allowing for continuous improvements through decentralized collaboration and rewarding contributors with $COMai tokens.
Decentralized data sharing for AI training:
COMMUNE AI’s platform allows users to securely share data for AI model training, ensuring privacy and transparency while improving the quality of AI models. This decentralized approach encourages more participants to contribute valuable data.
AI model repository for developers:
The AI Model Repository provides developers with access to a wide range of community-driven AI models that can be integrated into various applications, including decentralized finance (DeFi), gaming, and healthcare.
Incentive-driven AI research:
COMMUNE AI incentivizes AI researchers and developers to contribute to the platform by rewarding them with $COMai tokens, creating a sustainable ecosystem for ongoing AI research and development.
Why will it make a significant amount of profits?
Unique competitive edge:
COMMUNE AI stands out by creating a decentralized, community-driven AI platform that encourages collaboration and knowledge sharing, providing a more open and democratic alternative to centralized AI development environments.
Growing demand for decentralized AI solutions:
As the need for secure, scalable, and community-driven AI solutions increases, COMMUNE AI’s platform will attract more developers, researchers, and contributors, driving the demand for $COMai tokens.
Revenue from collaborative AI services:
COMMUNE AI generates revenue by providing access to its decentralized AI model repository and data-sharing services. As more developers and enterprises use the platform, the demand for $COMai tokens will rise, ensuring a sustainable revenue model.
Long-term potential in AI and blockchain convergence:
As AI continues to play a critical role in industries such as healthcare, finance, and autonomous technology, COMMUNE AI’s decentralized platform is well-positioned to be a leader in the convergence of AI and blockchain, driving long-term value for $COMai token holders.
