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Ethereum (Cryptocurrency)

Bitcoin's local perspective 09.09.24Before looking at the local perspective, we would like to mention that globally we are now moving within two main patterns: AMEXP on BINANCE:ETHBTC dated July 29👇 And the pattern on INDEX:BTCUSD , which we first recognized as MDB on the daily timeframe dated May 21 and later formed as EXP on the weekly timeframe and essentially describes the current trend 👇 Our expectations are now based on the fact that on BINANCE:ETHBTC we see a key magnetic level at 0.03492, which we will reach with a high probability (we have marked this block with a red square on the chart). We also note that CME also opened with a GEP at $52,980, and CME:BTC1! has two nearest open GEPs: at $61,880 and $52,980👇 Locally, we now see three main scenarios: 1️⃣ INDEX:BTCUSD reaches the $56,552 level, after which it continues to decline with a target of $48,973 2️⃣ INDEX:BTCUSD does not reach the level of $56,552 and continues its decline with a target of $48,973. 3️⃣ INDEX:BTCUSD reaches the level of $56,552 and continues to move towards $61,700. Now you have an open long on INDEX:BTCUSD and over the weekend we opened a hedging short on INDEX:ETHUSD for a portion of the INDEX:BTCUSD position, and now in the case of each scenario: 1️⃣ INDEX:BTCUSD close half on the first target around $56,552 and put the stop to breakeven, then on the downside close the profitable hedge short 2️⃣ Around $48,973 close the hedge-short on INDEX:ETHUSD on the fall and buy more INDEX:BTCUSD 3️⃣ Close INDEX:BTCUSD position on all targets, part of the profit is taken by a losing hedge-short on $INDEX:ETHUSD. Thus, in the current market situation we have formed such a construction, which will allow us to earn in most of our expected scenarios
INDEX:BTCUSD
by TSFC
Ethereum (ETH) Struggles Below Key Resistance LevelsCurrent Market Activity: Ethereum has been consolidating below the $2,600-$2,900 range after the August 5th capitulation, signaling potential for further downside. Key Resistance Levels: $2,600-$2,900: Until Ethereum reclaims this range, bearish pressure remains dominant. Bearish Scenario: If Ethereum fails to break above this resistance, a drop into the $2,100-$2,300 zone is possible. Long-Term Outlook: Despite short-term challenges, there is optimism for a stronger crypto market in 2025, driven by a weak Dollar and low interest rates. Bullish Scenario: Ethereum needs to reclaim the $2,600-$2,900 range to shift momentum back in favor of the bulls. #Ethereum #ETH #Crypto #MarketAnalysis #TechnicalAnalysis #Cryptocurrency #Bearish #SupportAndResistance #PriceAction #LongTermOutlook
COINBASE:ETHUSD
by Richtv_official
Bitcoin Weekly Analysis : More Fall Ahead ? (READ THE CAPTION)By analyzing the #Bitcoin chart on the weekly timeframe, we can see that over the past two weeks, the price dropped from $65,000 to $52,500 and is currently trading around $54,400. If the price remains below $57,870, we will likely see further declines in Bitcoin. The potential targets for this drop are $50,750, $49,000, and $44,100. After a short corrective wave, we may witness a significant upward move in Bitcoin, with targets above $80,000. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Short
by ArmanShabanTrading
1
POLYGON - TOO EARLY FOR BUYS Polygon is approaching 2022 lows. Is it good time to buy now? Based on Elliot wave theories and current price action on weekly timeframe, we are now in major wave 4 that is not completed yet. Expecting major wave 4 to be completed around the -0.27 ( 0.17 ) and -0.618 ( 0.08 ) Fibonacci levels ( Our buy zone ). For the upcoming days, we'll be looking for short opportunities until we reach our buy zone. If interested to see more setups and analysis, make sure to support our ideas by hitting the like button. :)
CRYPTO:MATICUSD
by Tradenessfx
2
BITCOIN - BULL'S LAST CHANCE Bitcoin has been moving sideways for half a year creating a complex correction WXY( 3-3-3). Complex correction is made up of 3 waves were each wave is also made up of 3 waves ( in the form of ABC's ). Wave W = Wave X = Wave Y = 3 waves We are now in the last leg of wave Y. Expecting price to break the lows again and move upwards from our buy zone. Looking for a strong bullish pressure at our buy zone. Will update the idea once we are there. But for now you can focus on selling targeting 49k level. WXY Pattern Goodluck and trade safe!
INDEX:BTCUSD
by Tradenessfx
1
TON: The Perfect Entry For Those Who Missed The Pump!TON has seen some serious volatility as of late. The founder, the CEO of Telegram, recently got arrested in France, which send the token down. For investors who missed the boat before, this is a great chance to step in. TON has arguably the biggest app for communication behind it, so there's still room for growth once Telegram incorporates TON into it's application on a deeper level. Looking at the chart, the most logical place to buy would be from the bottom diagonal support. I put the entry at 4$ as a guide, but feel free to move it up or down depending on where the price touches the support level.
Long
by FieryTrading
1
$ETH Bounces Off Key Support: Reversal Ahead? Ethereum Weekly Update Ethereum (ETH) is showing a promising bounce from a significant support zone, ranging between $2,000 and $2,150. This area has acted as a key level of support since mid-2022, and it continues to hold strong. Additionally, this zone aligns with a crucial ascending support line that has supported the price for nearly two years. On the 3-day chart, ETH has rebounded from a "golden pocket," a technical term that refers to a major support area in the price range of $2,150 to $2,200. Given the confluence of these factors, it's highly likely that Ethereum will maintain support in this range for the near term, although we need more confirmation to signal a full bullish reversal. Looking at the daily chart, we’ve just seen the first sign of bullish divergence. This occurs when the price makes a higher low while the RSI (Relative Strength Index) does the same, indicating growing bullish momentum. We’ve confirmed this with one green candle close and a higher low on the RSI. If we see another daily candle close in green, it would give further confirmation of bullish strength. However, despite these early signs of a possible reversal, the larger trend for Ethereum still remains bearish. This means that while we may see some short-term price relief or consolidation, we haven't yet confirmed a longer-term bullish trend. Over the next few days or even weeks, we could expect the price to either consolidate sideways or experience a small upward relief, but we need more signals to confirm a sustained uptrend. #Crypto
Long
by CRYPTOMOJO_TA
4
ETH/USDT Long Update:The chart depicts a descending channel, with ETH/USDT currently trading near the lower boundary of the channel, which has historically acted as a support level. ETH is approaching a key horizontal support zone around $2,100-$2,200, where buyers may look for entry opportunities. The major support zone lies between $2,100 and $2,200, as highlighted on the chart. This level aligns with the lower trendline of the broader ascending trend from the past year, suggesting a confluence of support. Immediate resistance is located between $2,800 and $3,000. A further resistance zone is identified around the $4,000-$4,600 range, which corresponds to a previous major supply area. The chart suggests a bullish scenario where ETH could initially rebound from the current support area, targeting the $2,800-$3,000 resistance zone. A breakout above the descending channel and subsequent resistance zone would indicate a stronger bullish continuation, potentially targeting the higher resistance at $4,000-$4,600. The presence of the large upward arrow on the chart reflects optimism for a bullish bounce within the identified zones. Continuation of the broader uptrend depends on maintaining support levels and breaking through key resistance zones with momentum. This update suggests a cautiously optimistic outlook for ETH/USDT with clear levels to watch for bullish confirmation and risk management considerations. Keeping an eye on volume and price action around these critical zones will be crucial for confirming the next major move. Disclaimer: This is not financial advice. Stay updated with market movements and adjust your trading strategy accordingly. Keep an eye out for further updates and analysis. Thank you!
by CryptoSanders9563
ETH/USDT: High-Volume Breakout, Downside Risk -19.34%?Hey Realistic Traders, let's dive into the technical analysis of BINANCE:ETHUSDT In the H4 timeframe, the price stubbornly stays below the EMA100, reinforcing the strong bearish trend we've been watching . A rising wedge pattern had formed, but recently, the price took a dive, breaking out of that pattern with high trading volume—never a good sign for the bulls. Adding fuel to the fire, the MACD has made a bearish crossover, with the MACD line slipping below the signal line, signaling that the downward momentum is picking up steam. With all these technical indicators lining up, we’re eyeing a potential continuation of this downward journey toward Target Area 1 at 2,252.90 or even Target Area 2 at 2,073.77. However, bulls might find some hope if the price manages to break above the resistance level at 2,855.96. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Ethereum. Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
Short
by financialfreedomgoals101
2
This Bitcoin Dump Is Normal - But For How Long?In this analysis I want to take a look at the BTC_ATHDRAWDOWN indicator, which tells us how much percent BTC is trading under the current all-time high. Every time that BTC makes a new all-time high this indicator reaches a value of 1. As seen on the chart, BTC has seen a lot of big drops during bull-markets. Most of these drops have reached the yellow area (which reaches from -20% to -27%). This is "normal" and not something we have to worry about. What we have to worry about is when BTC goes from 1 to something below 0.27. Historically, this as signaled that either the cycle is over or that we're in for a prolonged period of bearish price action. Like I mentioned in my previous analyses, bulls have to start buying again in the very near future. If BTC continues bleeding like it does now there's a high probability of dropping even more.
BShort
by FieryTrading
2
ETH/USDT Daily Chart Analysis:!!ETH/USDT has been in a downtrend since peaking at around $4,600, with lower highs and lower lows forming a descending pattern. The current price is near the significant support zone around $2,100, which is crucial for maintaining the bullish structure. The key support is at $2,100, a historically significant zone that has acted as support during prior market corrections. The immediate resistance to watch is around $3,000, a previous support zone that has turned into resistance. A move above this level could lead to further bullish momentum towards the next resistance near $3,800. A strong bounce from the $2,100 support, potentially leading to a test of the $3,000 resistance. A break above this resistance could target higher levels around $3,800. Failure to hold the $2,100 support may trigger a deeper decline towards the next support zone around $1,800, or possibly lower if selling pressure intensifies. Pattern Observation: The chart suggests a potential double-bottom formation around the $2,100 level, which could indicate a bullish reversal if confirmed by a breakout above the neckline resistance at $3,000. The presence of a descending triangle pattern also hints at a bearish continuation if the price fails to break above the key resistance. Volume and Indicators: Volume analysis will be crucial; an increase in buying volume at the support level would strengthen the case for a reversal. Oscillators like RSI near oversold conditions would support a potential bounce, while MACD bullish crossovers could confirm a trend change. For a bullish outlook, setting stop-loss levels just below the $2,100 support is advisable to mitigate downside risk. A bearish strategy would involve short positions on a confirmed breakdown of the $2,100 level, targeting lower support zones. This analysis suggests that ETH is at a pivotal support level, where a potential reversal could occur if buying interest increases. Monitoring key levels and volume will provide further insights into the next likely move. Disclaimer: This is not financial advice. Stay updated with market movements and adjust your trading strategy accordingly. Keep an eye out for further updates and analysis. Thank you!
by CryptoSanders9563
Important support and resistance zones touched Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- ETH has touched an important support zone. Therefore, the key is whether it can receive support near 2159.0. If it falls below 2159.0, you should check whether there is support near 1605.23-1783.0. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture The real uptrend is expected to start when it rises above 29K. The next expected range to touch is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points that are likely to receive resistance in the future. We need to check if these points can be broken upward. We need to check the movement when this range is touched because it is thought that a new trend can be created in the overshooting range. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Ethereum could test 2k zoneAt the beginning of August, ETH/USD broke below the crucial $2,900 support level, accelerating to the downside and reaching a low of $2,300. As expected, a recovery followed, with a retest of the broken level. However, despite two attempts by bulls to reclaim the newly formed resistance in August, both efforts failed, and the price subsequently rolled back down to the recent lows. Currently, Ethereum seems to be pressing downward again, and a break below the $2,350 zone could trigger a further correction toward the $2,000 level. I remain bearish as long as the price stays below $2,600.
COINBASE:ETHUSDShort
by Mihai_Iacob
2
XAU/USD : BIG Fall Ahead ? (READ THE CAPTION)By analyzing the #Gold chart on the 4-hour timeframe, we can see that the price has once again reached the supply zone at $2523, and after reacting negatively to this level, it dropped as low as $2504! Now, the price has climbed back to the $2515 area, and with the NFP data set to be released in about 20 minutes, we must be cautious. If the NFP report exceeds the forecasted numbers, it will favor the dollar and hurt gold, potentially leading to a drop below $2500. However, keep in mind what I mentioned over the past few days: since this is the sixth consecutive time that gold has reached this level, it might first break above $2532 to collect liquidity before the main drop occurs. So, be careful not to get stop-hunted and turned into liquidity! 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
OANDA:XAUUSDShort
by ArmanShabanTrading
22
TONUSDT Possible beginning of a trend reversalTONUSDT saw a significant drop following Durov's arrest, falling below the May low. However, the price has since formed a false breakout below this key monthly low. After dipping under the psychological level of 5.00, the market appears to be forming an accumulation zone. It has retraced 50% of the range established between June 2023 and July 2024, with an overall correction of about 45%. There is still a chance the price could dip further, reaching a 50% correction. However, with a strong support level in place and noticeable divergence, there is potential for a gradual upward move, signalling a possible reversal and buying opportunity. The target is the resistance zone at 6.00
Long
by RTED_Investing
ETH 1HETH/USDT Analysis: Hourly Timeframe 📊 The chart shows Ethereum (ETH) on an hourly timeframe with clear Buy and Sell forecast signals. Let’s break down the upcoming opportunities based on the green and red lines: 🟢 September 6, 2024, 01:00 AM - Buy Date (Green Line): This marks a local bottom, suggesting it might be a good time to start accumulating long positions in ETH. The price is expected to decline leading up to this point, offering favorable buying conditions. 🟢 September 7, 2024, 12:00 PM - Buy Date (Green Line): Another forecasted local bottom, offering another potential entry point for long positions in Ethereum. 🟥 September 8, 2024, 09:00 PM - Sell Date (Red Line): This is projected to be a local peak, signaling an optimal moment to take profits or tighten stop-losses, as a price correction could follow. 🟢 September 10, 2024, 07:00 PM - Buy Date (Green Line): This time indicates another local low, signaling favorable conditions for re-entry into long positions. 🕒 Note: All times are based on Los Angeles time (UTC -7). Be aware of a possible margin of error of 1-2 candles, depending on the timeframe. Cross-reference this analysis with higher timeframes for a more comprehensive understanding.
by trushkovskiy
ethereum goes to $20,000gm, eth is setting up for a monumental move to the upside as the etfs were granted access into crypto land. they've been accumulating behind the scenes while a large majority of the market has been panic selling due to a rise in fear, uncertainty, and doubt. --- over the last month i have decided to pivot my primary macro idea from bear to bull, due to two variables. 1. fear 2. market structure . --- a macro bullish nest is a series of 1-2 structures in elliott wave theory which leads to a parabolic expansion to the upside. so while the common man sells his bag out of sheer fear, the institutional trader simply scoops his coin up for a bargain and awaits the mark-up phase. --- eth target sits above 20k.
CRYPTO:ETHUSDLong
by Eloquent
1