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Ethereum (Cryptocurrency)

ETHUSD bullish reversal heading towards decision zoneETHUSD reversed strongly and is heading towards resistance at about 2830. Opportunities: 1. if long stay long and look to take profit at resistance. If we break through its an oppurtinity to re-long into the next price level, which should settle between 2800 - 3600 2. Look to build a short position in the "Short zone" with a tight stop above 2830 3. If you have no position, wait for the price to fall back into the neutral zone and hedge short/long. look to take profit at support around 2100 and resistance around 2800
COINBASE:ETHUSDLong
by daneski
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.
by CryptoSanders9563
Bearish drop?Ethereum (ETH/USD) is reacting off the pivot and could drop to the overlap support. Pivot: 2,672.26 1st Support: 2,535.71 1st Resistance: 2,791.13 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:ETHUSDShort
by ICmarkets
1
Ethereum Resistance Starts At $2800Ethereum flashed green on my indicator system on the 9th of September. I don't see much resistance until we move into that $2800 area. Our first resistance area will be that block of sell side pressure which coincides with the 350 DMA. Above that we have the top of our channel which coincides with an area of higher volume according to the VRVP. This is where I will begin watching closely for my indicator system to flash red. Of course, we could always break the top of our channel and continue up. The bulls will have shown a lot of strength to do so. I will try to keep you posted as Ethereum tends to lead much of our altcoin space.
COINBASE:ETHUSDLong
by stewdamus
Rule of 160: History Predicts Start Of Bull-Run This Week!In this analysis I want to take a closer look at previous bull-cycles and Bitcoin's behaviour in the months following the halving. The vertical yellow line is the date of the halving. The purple rectangle is the price action of the 160 days following the halving. We can very clearly see a few interesting similarities between the last three cycles: - The price pumps prior to the halving. - The price trades sideways for 160 days after the halving. - The "real" bull-run starts after the sideways price action has ended. If we follow the Rule of 160, the start of the next big bull-run would be somewhere around 27 september, which is this week! I'm aware that market conditions are different now than they were back then. Still, BTC is a very cyclical asset and has historically followed calendar based trends. There's data to suggest that we have to come down (check my previous posts), but there's also data like this that suggests that the price will increase. Time will tell. Interested to hear your opinions!
INDEX:BTCUSDLong
by FieryTrading
10
ETHUSDT : Price increase but not stable!Hello traders, let’s dive into the analysis of ETHUSDT together! For today’s review, I’m focusing on the 1D chart, where the price is currently hovering around the $2,656 level. Trend Overview: ETHUSDT is showing signs of recovery, with nearly a 3% increase today. While the short-term trend is bullish, it’s clear that the broader, long-term downtrend hasn’t fully played out yet. However, there’s reason to be optimistic. We could be on the verge of another upward movement as the pair gears up for the next correction, supported by the formation of two higher lows. I expect ETH to rise again, gaining momentum from the marked support level. Happy trading, and good luck!
by Suyouu
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.
Long
by SatoshiInsight
2
ETH BUY NOW!ETH/USDT Analysis: 4-Hour Timeframe 📊 The chart presents Ethereum’s performance against USDT on a 4-hour timeframe, highlighting key upcoming dates for potential market movements based on predictive indicators. 🟢 BUY NOW 🔴 September 25, 2024 - Sell Date (Red Line): This date suggests a potential local top for Ethereum, indicating an opportunity to take profits or close long positions as the price could potentially reverse downward after this point. 🟢 September 30, 2024 - Buy Date (Green Line): This date forecasts a potential local bottom for Ethereum, signaling an ideal time to accumulate ETH or enter long positions before a potential upward price movement. 🟢 October 4, 2024 - Buy Date (Green Line): This date predicts another local bottom, offering another buying opportunity as ETH’s price could rise after this period. 🕒 Note: All times are based on Los Angeles time (UTC -7). Please allow for a potential margin of error of 1-2 candles for each prediction. Be sure to cross-reference with additional indicators and market context before making trading decisions.
Long
by trushkovskiy
ETH: This May Be Your Last Chance Before Exploding to UpsideAs I mentioned in the previous analysis, Ethereum can experience significant growth after breaking out of the wedge, which indeed happened. Now, we can set the target at 2800. If this zone is broken, the price can reach the top of the megaphone pattern. Previous Analysis ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:ETHUSDLong
by CobraVanguard
7
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.
Long
by CryptoSanders9563
Will Ethereum Break $2,670? Key Levels and Market AnalysisAlright, ladies and gentlemen, we're looking at Ethereum Coinbase 4-hour chart. As you can see, it's been hovering around the 0.786 Fibonacci level for a few days, but it has faced multiple rejections today. The market buyers are present, but moderately so we need more buying pressure to push Ethereum above that 0.786 level. If Ethereum can break through, we could see it rise all the way to $2,670. Now, will ETH break $2,670? That depends on several factors : Volume and Buying Pressure : ETH needs strong buying momentum to break resistance at $2,670. Watch for an increase in volume, particularly during a breakout attempt, as it suggests investors are confident in the upward move. Overall Market Conditions : Broader market sentiment, such as Bitcoin's performance or movements in traditional markets, can heavily influence ETH. A favorable macroeconomic environment, like continued Fed rate cuts, could push crypto higher. Technical Indicators : ETH staying above key levels like the 0.786 Fibonacci or significant moving averages would improve its chances of testing and breaking $2,670. Macro Events : Regulatory news or unexpected developments in the crypto space could either fuel a rally or hinder progress. If buying pressure builds and ETH breaks through resistance, it could surge past $2,670. However, if it gets rejected again, we might see a drop back down to the $2,400 area. Let’s stay tuned and see how this plays out. Please hit that like button for more updates!
COINBASE:ETHUSD
by CryptocurrencyWatchGroup
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
Long
by zeddit
Key Levels and Rebound Potential for ETHThe ETH monthly chart has reached the Fibonacci Retracement 38.2% level. If a pinbar forms by the end of this month (providing technical confirmation), there is a strong likelihood of a rebound to the Fibonacci Retracement 61.8% level at 3397 next month. The weekly chart indicates that it first needs to test the resistance level at 2850. Given the current weakening trend of the US dollar, it seems plausible that the price can reach 2850. However, for the target of 3397, we must monitor next month’s US employment data, as it will influence the dollar's trajectory and, in turn, the potential for non-dollar assets to achieve new highs.
COINBASE:ETHUSDLong
by Ch-artwork