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Ethereum (Cryptocurrency)

Could Ethereum rise from here?The price has reacted off the pivot which acts as an overlap support and could rise to the 50% Fibonacci resistance. Pivot: 2,399.85 1st Support: 2,311.61 1st Resistance: 2,522.01 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:ETHUSDLong
by ICmarkets
ETHUSDT: Sell Or Buy ! Based on the provided chart for Ethereum/USDT, the price is moving within a clear ascending channel, showing an overall bullish trend with potential pullbacks. Here is a brief analysis and strategy: Current Price Movement: ETH is currently retracing from a recent high (around 2,490) but remains within the ascending channel. Support and Resistance Levels: Resistance: Around 2,490-2,500 (upper boundary of the channel). Support: The lower boundary of the channel, near 2,440-2,450. Trade Strategy: Buy: Wait for a pullback to the lower boundary of the channel, ideally near 2,440. If the price confirms support in this area, a buy entry could be ideal. Target: Look to take profits near the upper boundary of the channel, around 2,500-2,520. Stop Loss: Place below the channel, around 2,430. Market Sentiment: As long as the price stays within this upward channel, the overall trend remains bullish. However, a breakout from this channel (either up or down) could lead to significant price movement.
by Suyouu
1
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
Long
by olliecoughland
ETH/USDT: Inverse H$S Formation with Bullish Targethello guys. Inverse Head and Shoulders: A clear bullish reversal pattern has formed, consisting of a left shoulder, head, and right shoulder, signaling a possible change in trend from bearish to bullish. Engulfed Area: A previous price zone has been engulfed by the market, confirming the potential strength of the buyers at this level. Support Zone: The $2,340-$2,350 level serves as the key support, previously tested during the formation of the inverse head and shoulders pattern. Target Area: Price is currently hovering around $2,420 and could rally towards the identified target zone near $2,480-$2,490, as shown by the marked arrows on the chart. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and
Long
by melikatrader94
7
Uptrend reversal section: 2555.38-2646.97 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- In order to turn into an uptrend, the price must be maintained above 2555.38-2646.97. If not, there is a possibility of further decline. In other words, there is a possibility of decline to around 2359.35. Therefore, the key is whether it can receive support and rise near the 2464.82-2499.0 section. ------------------------------------ The above is the key to chart analysis. However, it is not easy to find an answer to why this analysis was done this way with this content alone. Therefore, in order to understand the content of my analysis, there needs to be an explanation of additional grounds. - The 2464.82-2499.0 section corresponds to the upper point of the HA-Low indicator box on the 1D chart. Therefore, if it rises above this section, it means that there is a high possibility of forming an upward trend, so it is an important section. - There is something I need to explain before that. The HA-Low. HA-High indicator is an indicator created to indicate a point for trading on the Heikin Ashi chart. (Refer to the HA-MS indicator) Therefore, the creation of the HA-Low indicator means that a low section has been formed. Therefore, if it is supported near the HA-Low indicator and rises, then it is the time to buy. When I first created the HA-Low, HA-High indicator, I didn't show the box section. Because of that, I felt like the HA-Low, HA-High indicator was useless in the movement that pretended to rise and fall. In the meantime, there was someone who asked if I could trade futures with this indicator. So, while explaining this part, I learned that the box section is formed based on the HA-Low, HA-High indicator and then the trend is formed. That's why I'm introducing it to you in the form of an indicator included in the current chart. There is no guarantee that the trend will continue just because the box section is broken. However, I was able to know at what point I should sell and cut my loss. Therefore, even if I couldn't draw the support and resistance points on the 1M, 1W, and 1D charts, if I can quickly draw the points related to the HA-Low, HA-High indicators shown on the 1M, 1W, and 1D charts, I can do a quick chart analysis. - Therefore, we can see why the 2464.82-2499.0 section is an important section, and why it should be supported at the 2359.35 point. However, the 2555.38-2646.97 section cannot be explained by the HA-Low, HA-High indicators above. To explain this section, we need to refer to the 1W chart. If you look at the 1W chart, you can see that it is the BW line point. Therefore, we can see that it is a section made up of the BW line point of the 1W chart and the BW line point of the 1D chart. In addition, it is also a section that the M-Signal indicator of the 1M chart passes through. Therefore, in order to turn into an uptrend, the price must rise above the M-Signal indicator of the 1M chart, which is a long-term trend line, and maintain the price. Otherwise, it is highly likely that it will end in a short-term and medium-term rise, so there is a high possibility that the trading strategy for the uptrend will not be applied properly. If you mainly do day trading or short-term trading, you can trade depending on whether the price is above or below the M-Signal indicator of the 1D chart. Currently, the M-Signal indicator of the 1D chart is passing through the 2464.82-2499.0 range, so it can be said that the importance of the 2464.82-2499.0 range has been proven once again. ------------------------------------------- As mentioned in the BTC idea, it is very important to find the basis for the support and resistance points that you have indicated. Doing difficult chart analysis to find this can actually cause confusion in creating a trading strategy. Therefore, it is recommended that chart analysis be intuitive and fast. If you analyze charts for a long time, your mind will become cluttered with all sorts of random thoughts, so it is an element that should be avoided. Chart analysis is about finding support and resistance points that can be used to create trading strategies by being as objective as possible and proceeding intuitively and quickly. Don't forget this, and through chart analysis, you should be able to draw support and resistance points and find the basis for them to create trading strategies. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend 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 by forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Ethereum's Path to $4,200: Rising Channel Signals Big MovesHello, fellow traders! I'm excited to share my latest insights on Ethereum. Let's dive into the long-term trends and what they might mean for us in the upcoming months. Current Market Structure Ethereum's price is developing within a long-term rising channel, showcasing a series of higher lows and higher highs since 2022. This pattern indicates a sustained bullish momentum. Key Support Level: $2,000 This level is crucial. Holding above $2,000 suggests Ethereum may continue to rise within the channel. A breakdown below could signal a potential shift in the trend. Potential Price Movements Upside Potential: If Ethereum remains in the rising channel, there's a strong chance we could see a move up to the previous all-time high (ATH) around $4,200. Breaking above $4,200 might pave the way for new ATHs. Resistance and Reversal Risks: The previous ATH at $4,200 could act as a significant resistance point. There's a possibility of a pullback from this level, potentially leading to a "stop-loss hunt" scenario that might drag prices down to the $3,400–$3,200 area. My Outlook I'm anticipating movement within the rising channel towards $4,200 in the coming months. At this key level, caution is essential. Considering taking profits or adjusting positions could be a wise strategy. What do you think about Ethereum's current setup? Are you observing similar patterns or have a different perspective? I'd love to hear your thoughts! If you found this analysis helpful, please give it a like and follow for more crypto insights. Best of luck to all the hodlers and traders out there!
INDEX:ETHUSDLong
by ArShevelev
7
Bitcoin Weekly Analysis : Bull or Bear? Let's See (READ CAPTION)By analyzing the #Bitcoin chart on the weekly timeframe, we can see that the current price is around $62,640. We observed that after dropping to $60,000 due to the ongoing conflict between Iran and Israel, the price was met with strong demand and, as mentioned earlier, has rebounded 4% to the current level. If the conflict continues, there is a high probability that Bitcoin will See target levels below $60,000 and even $52,000. Therefore, keep in mind that the most crucial support level for Bitcoin at the moment is between $60,000 and $60,200. This analysis will be updated accordingly. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
by ArmanShabanTrading
4
PEPE + BNB Will Moon Just Like ETH Did In 2017 17 year experienced trader here sharing my thoughts to help the crypto community. As everyone knows this is a very important time for the market as we are approaching the end of the 3rd year of the 4 year cycle . Year 4 has always been ALTSEASON . The charts I am sharing with you are setting up to have HUGE runs into 2025. In teh video I share with you my reasoning on why this meme coin and BNB will explode higher just like ETH did back in 2017 . ETH was the the daddy back then and now MEME coins are the hot narratives (look at how many meme coins that Binance have listed) and there is a reason for it . Meme coins are bring in heavy trading volume for exchanges creating good revenue and they also bring in new crypto people to the community , we have seen xrp bring in millions of people , then we seen DOGE bring in millions of people then SHIB and then PEPE . Each ALTSEASON it has been a new meme coin that helps bring in and grow the crypto community so this time will be no different . This time we have new coins like NEIRO that can moon also but that is for another video . Do not sleep on these coins and if u need any help or have any questions please just send me a message and I will be happy to try my best to help . Have a great weekend MartyBoots
Editors' picks
Long
by MartyBoots
14
Become a TOP 1% Trader 🔸🔸What it takes to become TOP 1% Trader? Everybody wants to succeed in the trading game, but what's the actual formula? 🔸🔸What can we learn from the most successful global hedge fund Renaissance Technologies? How did the Japanese legendary trader Takashi Kotegawa become a TOP 1% Trader? Rules of life of undefeated savage Japanese samurai Miyamoto Musashi. 🔸🔸RetTec flaship fund got 40% CAGR over a period of 30+ years, which is an exceptional trackrecord in the industry. RenTec utilizes HFT trading and uses multiple quantitative / statistical / data science models to gain an edge over the market. RenTec is one of the most secretive hedge funds in the industry, however it's clear that the fund relies on algo trading to generate it's exceptional returns. 🔸Complex Models: Renaissance's models are built upon intricate mathematical models and statistical analysis that leverage massive datasets. 🔸High-Frequency Trading: The firm executes trades at breathtaking speeds, taking advantage of fleeting market inefficiencies. Key takeaways from RenTec success 1) Use algo trading / HFT trading to gain an edge over the market 2) Use data science / quant models to identify patterns 3) Use proper risk management for capital protection 4) Do not overleverage / use leverage over x20 🔸🔸Takashi Kotegawa is a legendary Japanese trader who turned initial investment of 13 000 USD into 150 mln USD trading Japanese stock market. 🔸🔸Risk Control: His approach to managing risk ensures that trades are executed within safe limits, without jeopardizing overall financial stability. 🔸🔸Seizing Opportunities: Kotegawa's ability to swiftly identify and act on market inefficiencies underscores the importance of vigilance and quick decision-making in trading. 🔸🔸Takashi Kotegawa keeps himself out of the spotlight and gives virtually no interviews. That's one of the reasons why we don't know much about him and there are only a few pictures available on the internet. Key takeaways from Takashi Kotegawa's success 1) Disciplined approach to trading 2) Enter / exit trades and make fast decisions 3) Grind alone and stay out of spotlight 4) Remain humble do not show off keep low profile 🔸🔸The majority of the Japanese people know Musashi Miyamoto as Japan's most famous and most skilled swordsman. His status among the Japanese has reached mythic proportions in the same measure that Westerners would give to Muhammad Ali or Michael Jordan. The life of Musashi is the gold standard of samurai in Japan. 🔸🔸Musashi's introverted nature, which manifests as a preference for being alone or engaging in solitary activities, allows him to focus on his own thoughts and ideas. He is particularly skilled at problem-solving, often finding unique and unconventional solutions that others may not think of. 🔸🔸Musashi's approach to winning was formed from repetitive disciplined training, focused practice, knowing his opponent and unorthodoxy. Key takeaways from Miyamoto Musashi success 1) Grind alone and become savage 2) Develop your own strategy unlike any other 3) Outsmart your competition always stay sharp 4) Become ghost and lead a low profile life 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
Education
by ProjectSyndicate
18
How much money can you make in Forex?🔸Consistentcy is the key - top professional traders aim to generate 20-30% returns / per month, obviously depends on account size, risk tolerance, max DD, std lots exposure and multiple other factors. 🔸Depends on your trading style and risk profile, obviously. Currently algo traders / full-auto systems generate the best returns. 🔸Forex trading bots are automated software programs that generate trading signals. Most of these robots are built with MetaTrader, PineScrips, Python and cAlgo. 🔸High-risk compounding strategy: Assuming you can double your cash multiple times in succession and start with 1,000 dollars, the 10th time, you would be a millionaire. It implies that assuming you contribute $ 1,000 and double, you contribute $ 2,000 and double, then, at that point, you do it from time to time, you will be a millionaire when you double your money the 10th time. 🔸Lower-risk strategy: risking no more than 1-5% per trade, limiting your exposure via trailing SL strategy or adjust SL to BE as soon as the trade generates decent pnl 🔸If you want to separate yourself from the 90% (probably closer to 95% in my opinion) of traders who lose money consistently, you have to think differently. 🔸Most Forex traders overtrade and overleverage their accounts in an attempt to make 50%-100% profit or more every month. 🔸So to be in the top 5% to 10% of traders, you have to do the opposite. You have to put more focus on how much money you could lose rather than how much you can make. 🔸A higher win rate gives you more risk/reward flexibility, and a high risk/reward ratio means that your win rate can be lower and still stay profitable. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
Education
by ProjectSyndicate
15
Ethereum Closes with 10% Loss, Testing Key Support at $2,400Market Update: Ethereum had a challenging week, closing with a 10% loss, briefly dipping below $2,400. ETH is now attempting to reconfirm $2,400 as support after wiping out all gains from September, turning market bias bearish. Technical Outlook: Ethereum is on the verge of making a lower low, and the coming days are crucial for the remainder of the month. If weakness persists, the price could drop to $2,200, but if buyers return, a recovery towards $2,500 is possible. #Ethereum #ETH #CryptoMarket #BearishBias #PriceAction #SupportLevels #ETHUpdate
COINBASE:ETHUSD
by Richtv_official
Bitcoin Falls Marking the Worst 'Uptober' in Nearly a DecadeMarket Update - October 4th 2024 Takeaways Bitcoin fell following the news of Iran’s retaliation on Israel, and the election of Japan’s new prime minister: The decline comes after a recent rally spurred by the Federal Reserve's rate cut. Net inflows into global crypto funds reached $1.2 billion last week, marking their largest increase in 10 weeks: US-based spot bitcoin ETFs contributed $1.1 billion in these inflows, while Ethereum products ended a five-week streak of outflows by adding $87 million. Changpeng Zhao, founder of Binance, was released from prison after completing a four-month sentence for failing to establish money laundering controls: Zhao paid a $50 million personal fine and is no longer allowed to hold executive positions at the company. Ohio State Senator Niraj Antani introduced a bill that would require all political subdivisions in Ohio to accept cryptocurrency payments for state and local taxes: The proposal also allows state universities and pension funds to invest in cryptocurrencies, positioning Ohio at the forefront of crypto adoption. More than 94% of FTX's Dotcom creditors voted in favor of a reorganization proposal: The proposal would see 98% of creditors receiving at least 118% of their claim value. 🥩 Topic of the Week: How Can I Make Returns or Rewards on My Crypto? 🫱 Read more here
GEMINI:BTCUSD
by Gemini
Four Horseman of Defi !?Defi is dominated by four sectors. Chains. Staking. Dexs. Lending. Those four sectors cover majority of crypto space today. Together they create a liquid financial market. Tomorrow they may help spawn an emerging sector like ai, gaming, metaverse, nft, depin, etc into a dominate industry. Unfortunately for many those emerging sectors have yet to become dominate day to day within crypto or outside of crypto. For now we have chains, staking, swapping and lending. We have four chains that are widely available on centralised exchanges. Ethereum, Solana, Sui and Avalanche. The four assets listed here cover all four widely available high performing chains in all four high performing sub sectors. BenQI is the high performing lending protocol on AVAX. Uniswap is the high performing dex on Ethereum (and defi space as a whole). Sui is the high performing growth layer 1 chain leading after the big3 (eth, sol and bsc). Jito is the high performing staking protocol on Solana.
Long
by SoftQuant