Going long on EthereumBINANCE:ETHUSDT
Ethereum has declined to a critical 61.8% retracement level, and even grab liquidity below previous area of support, RSI is near oversold levels. Previous up move is in a 5-wave move, while current decline is in a 3-wave move.
Going long here, not a recommendation, with stop below the 78.6% FIBO retracement, and target at all-time high.
Good luck to you
Ethereum (Cryptocurrency)
ETH Under 3k: Gift or Curse? The Last Chance to Buy? Didn’t expect to see BINANCE:ETHUSDT back under 3k.
I’m taking some bids here and will place more below 2850 in case there’s a stronger flush this week.
There’s still a chance we see low 80ks on BTC, as I’ve been expecting, especially with the downtrend active on the 3-day chart.
I still believe this is an opportunity to build position plays, as mid to late Q1 could bring a move.
I’m accumulating patiently and expecting CRYPTOCAP:ETH to be above 6k by Q2.
ETHUSDT: A Crucial Moment for Ethereum!We’re back with an Ethereum (ETH) breakdown and update following the significant moves we’ve seen in the past weeks. The market is at a critical point, testing key levels that could dictate ETH’s next big move.
📊 Key Highlights:
• Inverted Head and Shoulders: ETH formed a textbook setup on the weekly timeframe, triggering our alert at $2,935.
• Liquidity Sweeps: Multiple higher lows were swept at $3,600, $3,300, and $3,060, signaling a battle between buyers and sellers.
• Spot Position Adjustments: I offloaded positions at the $2,935 level, capitalizing on the momentum while monitoring for the next opportunity.
📉 Bearish Pressure:
• High volume on the H4 suggests sellers are in control for now. Buyers need to reclaim key levels for ETH to regain momentum.
• While a dip to $2,300 seems unlikely, it remains a possibility in the rangy crypto market.
📈 Bullish Outlook:
• If ETH holds key support and buyers step in, I see potential for a massive rally targeting $6,000–$7,000 during the next bull run (not financial advice, just my personal outlook).
Are you ready to navigate this critical moment for ETH? Or will you sit on the sidelines as history unfolds?
👉 Watch the full breakdown and stay ahead of the market with precise analysis. Don’t miss out—this could be the setup you’ve been waiting for!
Ethereum's 25% Drop = Massive Bullish Opportunity!🔥 Ethereum Bullish Opportunity 🚀
Why the Bullish Sentiment?
💎 Massive Correction: ETHUSD has dropped 25% in the past month, presenting an attractive entry point for long-term investors and traders.
📊 Fibonacci Levels in Play: Price is bouncing off key Fibonacci retracement levels, signaling a recovery:
Trade Plan :
🎯 Entry: 3,050
🎯Take Profit 1 ($3,300): Close to the 0.236 Fibonacci level, acting as the first resistance.
🎯Take Profit 2 ( $3,530): A target near the 0.50 Fibonacci retracement level, offering mid-range gains.
🏆Take Profit 3 ($3,740): A breakout move above the 0.618 Fibonacci level, marking a strong continuation.
🛡 Stop Loss: $2,800, placed below the Demand Zone to protect your position.
📈The ETH/BTC ratio is currently at 0.034, one of the lowest levels since April 2021.
The last time the ETH/BTC ratio hit a low of 0.032 in November last year, Ethereum’s price skyrocketed from this exact level to $4,000 in less than 3 weeks.
📈 Demand Zone Support: Price is holding above the $3,000 Demand Zone, a historically strong level for reversals and bullish momentum.
With a strong historical pattern and technical alignment, Ethereum could be poised for another explosive move! Don't miss out on this setup! 🚀
👉 Ready to take action? Let’s ride this wave together and see where it takes us! Drop your thoughts or questions in the comments below!
Bullish/Bearish Sentiment We saw #BTC last hit it's double top 209 days after making an ATH 64k in April and topping out in Nov.
VeChain also took around 200 days to revisit higher lows.
[BULLS}
Elliot Wave Theory:
It appears that we are in the next 2-3 wave
Regardless of the narrative, the trend is showing bearish in the short term. I have HODL positions but short until we hit our buy zones keeping a close eye on what #BTC and #ETH do.
CRYPTOCAP:ETH is in a channel and appears to be falling out.
If we dig deeper watch 3k as a psychological area of support, CRYPTOCAP:BTC will be around 95k. For NYSE:VET we see $0.04 being a key level of support in our first buy zone, secondary we are looking for around $0.033.
Once these levels hold I will flip my sentiment and continue to long into this year with our bullish commander and chief stepping into office.
#Donaldtrump
If November repeats itself with this day we could be hopeful for another 300% but remain reserved with our PT's on the way up because.
"You never go broke taking a profit."
HNY #vechain fam.
Don't over-leverage, set your SL before bed.
@VEREKTION
ETH Eyes $2,800 Support: Big Move Incoming?ETHUSDT Technical analysis update
ETHUSDT has been trading within the same range of $2,000–$4,000 for the past 400 days. Currently, the price is forming an inverse head and shoulders pattern. In the coming days, the price could create the right shoulder of this pattern. A possible drop to the strong support zone at $2,700–$2,800 could complete the right shoulder formation. Once the price touches this support level, we can expect a strong bounce from that area.
Good Buy level: $2700- $2800
Regards
Hexa
ETH in crucial zoneHey cryptofolks
CRYPTOCAP:ETH is in a crucial zone
There are more liquidity in 2600$ level
Important resistance to flip in support is the 3400$ zone
So there are 2 possibilities, back to $2600 to grab liquidity and make a new legs up
Or sideway with various retests attacking the $3400 level
I believe a daily close with decent volume over $3400 will brings us again to $4000
It all depends on how market will react to Trump presidential of next week
ETH LONGThe chart shows an accumulation phase near the support level around $3,202.76.
The price action has been ranging, indicating a consolidation period as buyers and sellers are balancing out after taking sellside liquidity.
The area of accumulation is marked in orange, suggesting that this is a critical level where demand could overpower supply, potentially setting up for a breakout.
Key Levels:
Support Level: $3,202.76 (Accumulative Zone)
Target: 6666$
Market Sentiment: Frustration
Disclaimer: Always do your own research and adjust positions based on your risk tolerance.
Falling towards 50% Fibonacci support?Ethereum (ETH/USD) is falling towards the pivot which is an overlap support and could bounce to the 1st resistance.
Pivot: 3,085.31
1st Support: 2,805.94
1st Resistance: 3,540.71
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Disclaimer:
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Ethereum: I expect it to reach $1,800-$2,243.Current situation with Ethereum: I expect it to reach $1,800-$2,243 based on Coinbase data.
Not going into too much detail, but in short: the stock market will drop, and Bitcoin and Ethereum will follow.
➖ Please avoid using leverage—the market is highly volatile right now.
BTC | FRACTAL | Multi Month to Higher High?BTC has been full of surprises - but I'm not complaining.
Initially, I was following a strict Elliot Wave Theory pattern, which played out extremely well - until the price shot out above the target.
I then re-adjusted the target to just under or just over 100k, which hit shortly after. The most interesting part though, is actually Ethereum. The fact that ETH has not yet made a new ATH after the dramatic BTC high, likely tells us the bull cycle is far form over.
I've been making a few updates on ETH and Altseason, and how you use the BTC.D chart, the BTC chart and the TOTAL# together to get a clear indication of where we are at in the cycle.
I've done MANY updates using this chart, because it is such a powerful combo to use. The fact remains - we have not yet seen a new ETH ath. This raises flags (and in the best possible way) indicating that the bullish cycle is not yet over.
_____________________________________
BYBIT:BTCUSDT COINBASE:ETHUSD
The key is whether it can be supported and rise near 3644.71
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(ETHUSDT 1M chart)
The two sections correspond to important support and resistance sections.
-
(1W chart)
The key is whether it can be supported near 3644.71 and break through the upper section of the HA-High indicator box on the 1M chart.
If it fails to rise, it is important whether it can be supported near 3265.0-3321.30.
-
(1D chart)
As before, we can see that the area below 3438.16 is a buying point.
Therefore, the 3265.0-3321.30 area is an important support and resistance area.
In particular, since the M-Signal indicator on the 1W chart is rising around 3265.0-3321.30, it is expected to play a more important support and resistance role in the future.
The current high point boundary area is 3831.12-3996.22.
Therefore, this high point boundary area can act as a resistance area.
-
Since the StochRSI indicator has changed its slope in the overbought area, it is important to check whether there is support around 3644.71.
If it falls without support, you should check for support near the MS-Signal (M-Signal on the 1D chart) indicator.
-
Thank you for reading to the end.
I hope you have a successful trade.
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- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been following a pattern since 2015 and has been rising.
In other words, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend.
Accordingly, the uptrend is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, you can see that the uptrend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, it is expected that prices below 44K-48K will not be seen in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
In other words, it is the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, it is expected that this Fibonacci ratio will be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to this.
If the ATH is renewed, there are no support and resistance points, so the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as support and resistance.
The reason is that the user must directly select the important selection points required to generate Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous to use it for trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
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ETHER - Outlook for Week Commencing 13/01/2025Bias
The chart shows a neutral to bearish bias:
Price is trading below the 200-period moving average (red line), indicating overall bearish pressure.
There is an attempt to recover from a recent drop, but the price remains below significant resistance levels.
The MACD histogram and signal lines are showing signs of a potential short-term bullish retracement.
Key Support and Resistance Levels
Support Levels:
$3,200–$3,250: Current support zone, where the price is consolidating.
$2,900–$3,000: Major lower support and a previous bounce area.
Resistance Levels:
$3,450–$3,500: First resistance zone near the 50-period moving average (blue line).
$3,700: Second major resistance, marking the upper consolidation zone.
$4,100: Significant long-term resistance, visible on the chart.
Trade Plan for the Coming Week
Scenario 1: Short-Term Bullish Retracement
Entry: Buy if the price breaks above $3,300 with strong bullish momentum.
Stop Loss (SL): Below $3,200 (current support).
Take Profit (TP):
TP1: $3,450 (first resistance level).
TP2: $3,700 (next major resistance).
Scenario 2: Continuation of Downtrend
Entry: Sell if the price fails to break $3,300 and breaks below $3,200 (confirmation of bearish momentum).
Stop Loss (SL): Above $3,300.
Take Profit (TP):
TP1: $3,000 (major support zone).
TP2: $2,900 (extension of bearish move).
Scenario 3: Bullish Breakout
Entry: Buy on a breakout above $3,500 with strong volume.
Stop Loss (SL): Below $3,450.
Take Profit (TP):
TP1: $3,700.
TP2: $4,100.