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Ethereum (Cryptocurrency)

ETH/USDT 4HOUR CHART UPDATE !!The updated chart for Ethereum (ETH) against Tether (USDT) in the 4-hour timeframe shows potential for a bullish scenario. Here's the analysis based on the chart: The price is currently within a falling wedge, a bullish reversal pattern, where price action is making lower highs and lower lows within converging trendlines. This pattern often signals a potential upward breakout. The price is currently testing the lower boundary of the falling wedge near a significant support zone between $2,335 and $2,455. This area is crucial as it has acted as support in the past and is currently being retested. Immediate resistance lies at the upper boundary of the wedge around $2,455 to $2,505. A breakout above this level could lead to a bullish continuation towards the next resistance around $2,800 to $2,900. Projected Movement: The chart suggests a potential bullish breakout from the falling wedge pattern. The arrow indicates a move upward toward the upper resistance zone near $2,800 if the breakout occurs. A close above the resistance zone would confirm the breakout and could initiate a new bullish phase targeting higher levels. Key Levels to Watch: A close below the lower boundary of the wedge or the support zone could invalidate the bullish setup, leading to further downside. Conversely, a strong breakout above the wedge could signal a bullish reversal. The current setup suggests watching for a confirmed breakout above the wedge for a long opportunity. If the price maintains support and breaks above resistance, there could be a significant upward movement towards higher targets. Note: This is not financial advice. Stay tuned for further updates and analysis. Thank you.
by CryptoSanders9563
Ethereum is under bearish pressure. What's next?Ethereum is under bearish pressure, with the amount of ETH sent to exchanges gradually increasing. This coincides with Ethereum facing strong resistance at the $2,750 price level. Currently trading below $2,500, Ethereum could see further declines if the selling pressure continues. Exchange reserves have risen, with 19 million ETH valued at $47 billion now held on exchanges. A significant drop in large holders’ net flow, down 17% over the past 30 days and 36% in the past week, suggests that whales are reducing their positions. This trend is a bearish signal, as it often leads to retail investors following suit, potentially pushing ETH’s price down to $2,100. However, a resurgence in demand could push the price back up to $2,600.
Short
by paul_endeo
Spicy Wednesday: Share Your Most UNPOPULAR Crypto OpinionToday I want to try something different. I want to talk about your most unpopular opinion, the kind of opinion that will get you a lot of 🤡 emoji's on here and other forums. This is your chance to share your widely unaccepted opinion. Most might disagree, but deep down you still know that you're right. Here are a few of mine that might rustle some leaves: - 99.9% of alts are vaporware. - The previous cycle top was in April '21. The November top was 'faked' by FTX. - Nearly all investors are better off to dollar-cost-average into BTC or ETH and should stay away from day-trading. - Exchanges will actively trade against you if you trade with larger amounts. - NFT's are useless and a scam. Are the opinions above spicy enough? Hit me with your worst and let's have a sensible discussion.
COINBASE:BTCUSD
by FieryTrading
21
ETHEREUM Higher Timeframe AnalysisBy looking at the weekly chart on Ethereum, we have noticed that Ethereum is still in its corrective phase. The correction phase is made of 3 waves ( A, B, and C ). As you can see, we have finished waves A and B and we are now in the final wave ( wave C ). Expecting this wave to be completed between the lows and the -0.27 Fibonacci level where we'll be looking to ride the next impulse. Will be focusing on catching the bearish moves until we reach our buy zone. Don't forget to hit the like bottom if you like this idea and interested to see shorter timeframe analysis.
CRYPTO:ETHUSD
by Tradenessfx
ETHEREUM Closed August above 1M MA50, keeping bullish case aliveEthereum (ETHUSD) may have completed three straight red months (1M candles) but despite the recent correction, managed to close August above the 1M MA50 (blue trend-line), in spite of touching it earlier within the month. This is a key Support level as it also held during the August - October 2023 bottom formation, initiating the multi-month rally up until March 2024. This makes it a long-term Support and as long as it is holding, it is keeping ETH within bullish territory. At the same time, the price also held the 0.5 Fibonacci retracement level from the Cycle bottom. The last time that happened was during the previous Cycle in September - October 2020. After it held, this kick-started the Cycle's Parabolic Rally to just above the 1.5 Fibonacci extension level. As a result, as long as the 1M MA50 is holding, we can expect the next High to be as high as 11500, even though 8k would seem more reasonable in terms of market cap and thus feasible as a long-term Target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:ETHUSDLong
by TradingShot
5
Ethereum 8-Year Rising Wedge: Bearish Break Out!In previous ETH analyses I talked about this huge 8 year wedge pattern on the ETH chart. Where my initial takes were bullish, we've seen a bearish break out as of last week. From a neutral point of view, this is 100% bad news. ETH will likely fall more and move towards the 1000$-1500$ area (yellow). Might be a hot take, but most alts have been performing extremely poor recently and are down 60%-80% from their 2024 tops. Bitcoin is holding up relatively well, but that's because the BTC dominance increased by a factor of ~1.4x this year. Money is flowing out of alts (including ETH) and moving to stables and BTC. What do you think? Will ETH drop more, or go back up?
KRAKEN:ETHUSDShort
by FieryTrading
12
Ethereum Long-Term Outlook: Bullish Breakout PotentialThis chart of Ethereum (ETH/USD) on the weekly timeframe indicates a significant bullish potential in the medium to long term. The price action appears to be consolidating within a symmetrical triangle pattern that began forming in early 2022. Typically, symmetrical triangles are neutral patterns, but given the prevailing bullish trend leading into this formation, a bullish breakout seems more probable. Key Observations: 1. Symmetrical Triangle Pattern: The price has been making higher lows and lower highs, indicating a compression that is characteristic of a symmetrical triangle. A breakout is anticipated, which could result in a strong upward move. 2. Volume Profile Support: The volume profile to the right shows significant accumulation in the current price range, suggesting strong support and potential for an explosive move once the price breaks out of the triangle. 3. RSI Bullish Signals: The Relative Strength Index (RSI) is also showing bullish signals, bouncing from the oversold territory multiple times. Each time, the RSI remains above the key level, indicating sustained buying pressure even during pullbacks. 4. Previous Major Resistance Levels: The yellow trendline above marks the previous high, which will act as a strong resistance level. A break above this level could propel Ethereum towards the upper resistance channel, potentially aiming for the $13,000 range, which is aligned with historical resistance and the projection from the triangle’s height. Prediction: If Ethereum can maintain support within the triangle and break above the upper trendline, we could see a sharp move towards the $13,000 to $13,500 range. This would represent a substantial gain from current levels and could be the beginning of a new major bullish cycle. However, traders should watch for volume confirmation on the breakout and be cautious of potential false breakouts. Disclaimer: This is not financial advice, and all trades should be made based on your own analysis and risk tolerance.
BITSTAMP:ETHUSDLong
by ImmortalEmerson
5
Ethereum - CME Gap yet to be filled#ETH/USDT #Analysis Description --------------------------------------------------------------- + As shown in the chart, the Bitcoin CME futures gap is still unfilled. + This gap was created during the sudden market crash driven by recession fears. + Historically, 90% of CME gaps get filled sooner or later, and we expect the same outcome in this case. + Currently, the ETH price is around the support zone, and it appears to have recovered after hitting this level. + It's likely this gap will be filled in September, as it is typically a bearish month, but it should certainly be filled before the end of October. --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
CME:ETH1!Long
by VectorAlgo
EthereumHi guys We are at the bottom of the upward channel. On the other hand, the amount of Ethereum in the centralized exchange has reached the lowest historical level. It seems that investors are not sellers at these rates. In the four-hour time frame, it seems that with the consumption of the $2408.3 support area, we can expect a downward trend similar to the scenario from the specified resistance range. On the daily time frame, according to maintaining the support area and ascending channel, provided that the ascending trend line is maintained, the price area of ​​$2250 can be attractive for buying. what do you think?
Short
by BiTBingo
Altcoins Can Drop Another 75% - Worst Case Scenario!In this analysis I want to talk about a long-term parallel channel on TOTAL3, which is the total marketcap of all altcoins. Preface: before everyone gets offended etc, this is not my most likely scenario. Big chance that this pattern won't play out. Nevertheless, it's important to consider different market outcomes. Trading consists of IF>THEN decisions. Ask yourself, if the market drops another 75% from here, what will you do? Now into the analysis. The parallel channel is constructed from the top resistance and anchoring that resistance to the 2020 covid dump. As seen on the chart, alts lost over 92% of their value in the 2018 cycle. Currently, alts have lost 75% of their worth during the last cycle. If alts were to go down towards the bottom yellow support, they could lose around 85%-88% (depends on time) value. In other words, if this worst case scenario were to play out, alts could lose 70%-7% of their CURRENT value. Is this pattern likely? No. Should you prepare for it? Yes. Keep it simple, assume that the bottom support area is a great long-term entry point and can function as a bear-market bottom in case we go down further. There is definitely some risk of a recession as per my last yield-curve analysis. Furthermore, the SAHM Rule Recession indicator (google it) signals that a recession is coming. If the stock markets would go down like in 2001 and 2007, we're in for a wild ride in crypto. Happy to hear your thoughts.
CRYPTOCAP:TOTAL3
by FieryTrading
16
Eth big DUMP! $2250-$2000 Tonight.I just made a bitcoin short idea and honestly after seeing Eth I have to make one for it as well. I am mixed between the 2. Eth looks cleaner for me and at a safer level compared to bitcoin right now. Bitcoin is still correcting its showing signs that it can give way any moment though Am not gonna fomo though and get in too early. I would like my entry be a confident one at the end of this hour or a bit later. When its ready and I enter I expect it to start melting right away with little to no draw down. There's no eth volume to support price right now on the weekend and it has lost major support levels. Where I marked off on the chart for tp is where I anticipate that price could probably find some support. Final verdict. I asked my younger which he like better eth or bitcoin and he says eth. And I agree. The RR will probable be bigger if bitcoin was to fall to $56000 or lower at current price eth is roughly 8RR to $2250 and 16 RR to $2000 Time to lock. I'll post when I enter
Short
by Filnft
3
Ethereum still in accumulation zone, what's next?After Ethereum has been in a downward channel, it breaks the sequence at point #4, which remains in the accumulation range from previous days. This zone is extremely important because, as you can see, it has been moving within this area for several days, which means that the price could gain strength at any moment and start a bullish run. But NOTE: as long as the price remains within the channel, there will be no bullish run. We need to wait for the price to break out of the downward channel to confirm that it is heading back to the supply zone. Thank you for supporting the analysis. ETH is at a point where adding a position might be considered; let’s hope the price makes a decision soon. Thankyou for supporting my analysis i invite you to visit my analysis on Bitcoin Use bitcoin price movement as a base of all the crypto market trend. Best Regards
COINBASE:ETHUSD
by RocketMike111