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Ethereum (Cryptocurrency)

BTC Weekly Chart: Targeting $67,600 After Bullish Surge (READ)By examining the Bitcoin chart on the weekly (logarithmic) timeframe, we observe that the price recently surged to $66,000. Currently, BTC is trading around $64,000. I still expect further growth from Bitcoin, with the next target being $67,600. Additionally, we should monitor the price reaction to the $67,600 to $72,000 zone. 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
Long
by ArmanShabanTrading
10
Phemex Analysis #8: Will Ethereum ETF spark a Bullish Run?The news of the Ethereum Spot ETF launching next Tuesday has been circulating widely online in recent days. Will the launch trigger a bullish run for PHEMEX:ETHUSDT.P ? Here are some key points to consider regarding the ETH price. Impressive Rise: ETH rose from $1565 (October 20, 2023) to $4098 (March 12, 2024), a significant 161.7% increase in just five months. Recent Price Action: The 1D chart shows ETH forming a potential Head & Shoulders pattern; 1st Top is at 12th March 2024 and 2nd Top is at 27th May 2024. However, a solid base (support level) has also formed around $2800. Current Price Action: ETH is currently facing resistance at $3535 and consolidating between $3517 and $3230. This retracement from the resistance level is normal and could be a sign of preparation for a future bullish run. There are two main possibilities following the launch of the ETH ETF. Scenario 1: Bullish Run If the ETF news ignites a bullish run, we can expect a high-volume breakout above the $3535 resistance level. This could be an opportunity to chase the highs, but remember to set a stop loss in case this become a false breakout. Volume is Key here. Scenario 2: Continued Consolidation The price might continue to consolidate around $3517-$3230 or even drop to create a higher low above $2800. This could be a good opportunity to buy low. Note: If you think ETH ETF launched will have positive impact on ETH price, you can leverage our In-house Grid Bots to capture the profit on both scenarios above. Try it out at our website & join the 280k successful traders on our Trading Bots.
by Phemex
Bullish breakout?ETH/USD is reacting off the pivot which acts as a pullback resistance level and could potentially breakout to the pullback resistance. Pivot: 3,530.53 1st Support: 3,375.84 1st Resistance: 3,709.39 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
1
Microstrategy Inc. The Money SongMicroStrategy, the largest corporate holder of bitcoin, announced a 10-for-1 stock split on Thursday. The company said the shares will be split into class A common stock and class B common stock “to make MicroStrategy’s stock more accessible to investors and employees.” The move comes amid a lull for the price of bitcoin, which has been stuck in a tight range since about March, but which many investors expect to rebound in the second half of the year. The shares rose about 6% but are currently about 34% off an all-time high of $1,999.99, reached in March of this year. In technical terms Microstrategy tripled in price over the past 12 months and doubled in price in 2024, outperforming the major crypto assets like BTC, ETH, and Total crypto market cap as well. The main technical graph indicates perhaps it has much more to deliver. // Money talks Money shouts Don't take much to hear Like it or not You need a lot If you're gonna make a life down here
NASDAQ:MSTR
by Pandorra
Bitcoin: I Was Wrong! Learn From My MistakesIn my most recent Bitcoin analysis I talked about further bearish pressure and a bearish breakout from a bear-flag pattern. That didn't play out as expected. Actually, BTC saw an almost 30% pump from the lows. In this analysis I want to talk about what I did wrong and how you can learn from my mistakes. Mistake 1: not zooming out and only focussing on one timeframe. In the previous analysis I failed to see that BTC was actually trading at a support (bottom yellow line). Never short into a support and never long into resistance. Mistake 2: the trend is your friend. Bitcoin has been trading in a dominantly bullish trend since January of 2023. Yes, there's been some dips here and there, but nothing crazy. It's more likely that BTC will go up that down over the next months. Mistake 3: don't short when BTC hit's oversold on the RSI. Always keep an eye out for the oscillators (my favorite is the RSI). BTC has hit oversold on the daily for the third period since 2023, patient bulls will be buying! In short, I was wrong. Should've done more research and follow simple trading rules. Learn from my mistakes and become a better informed trader. For now, I'm waiting for a new all-time high to be reached. In which case, 100k is the next target. Let's hope for a great Q3 and Q4!
Long
by FieryTrading
25
ETHEREUM is forming a bullish head and shouldersChart Patterns and Trendlines 1. Head and Shoulders Pattern (Bearish) - Left Shoulder: Formed around 3,450 USDT. - Head: Reached a peak around 3,550 USDT. - Right Shoulder: Formed around 3,450 USDT again. - The neckline, which was breached, is around 3,300 USDT, indicating a bearish reversal. 2. Inverse Head and Shoulders Pattern (Bullish) - Left Shoulder: Formed around 3,200 USDT. - Head: Reached a low around 3,000 USDT. - Right Shoulder: Forming around the current price level of 3,498.35 USDT. - The neckline for this pattern is around the 3,500 USDT level. If the price breaks above this neckline, it suggests a bullish reversal. 3. Descending Channel - Ethereum was trading within a descending channel, marked by parallel downward-sloping trendlines. - The breakout from this channel around mid-July indicates a reversal of the previous downtrend. Key Support and Resistance Levels 1. Support Levels - 3,248.81 USDT: A key support level marked on the chart, aligning with the breakout point from the descending channel and the potential right shoulder of the inverse head and shoulders pattern. - If the price falls below this level, the next support can be around the previous lows at 3,000 USDT. 2. Resistance Levels - 3,976.07 USDT: The next significant resistance level, which is also a target for the potential inverse head and shoulders pattern. Price Projections 1. Bullish Scenario - If Ethereum holds above the 3,248.81 USDT support level and breaks above the neckline of the inverse head and shoulders pattern (around 3,500 USDT), the projected target is around 3,976.07 USDT. - This target aligns with a previous high and a psychological resistance level. 2. Bearish Scenario - If Ethereum fails to hold the 3,248.81 USDT support, it might retest the lower support of around 3,000 USDT. - A fall below 3,000 USDT could indicate further downside, potentially revisiting the lows around 2,750 USDT. Trading Strategy 1. Long Position - Consider entering around the 3,248.81 USDT support level, with a target of 3,976.07 USDT, especially if the price breaks the neckline around 3,500 USDT. - Set a stop-loss below 3,200 USDT to manage risk. 2. Short Position - If the price fails to hold the 3,248.81 USDT level, consider shorting with a target towards 3,000 USDT and below. - A stop-loss above 3,300 USDT can be set to manage risk. Summary - Ethereum's price action shows the potential formation of a bullish inverse head and shoulders pattern. - Key support and resistance levels at 3,248.81 USDT and 3,976.07 USDT respectively should be closely watched. - Trading strategies should be adaptive to the price movements around these critical levels, with proper risk management in place. ___________________________ ✓✓✓ 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 comment
by melikatrader94
6
ETH/USDT Outlook ICT ConceptsETH/USDT Analysis 💰 Welcome to Your Channel! Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on ETH/USDT, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains. 💡Previous Analysis Review: Previous month low been already taken and also the SSL. We had an expansion higher from the IFVG. anticipated a break in the market structure (MSS). 📍Current Market Overview: At the moment, the price has recently swept some Buy-side Liquidity (BSL) and the Previous Week High (PWH). We can foresee the price potentially retracing lower to target the Sell Side Liquidity (SSL) and the Fair Value Gaps (FVG) below them. 🔍 Identifying Key Levels The chart highlights several significant levels and zones that influence the current market behavior: • PMH: Previous Month High, indicating recent market highs. • PML: Previous Month Low, serving as recent support (already taken). • PWH: Previous Week High, marking recent highs (already swept). • MSS: Market Structure Shift, indicating a change in the market direction. • BSL: Buy-side Liquidity, areas where buy orders are placed (recently swept). • SSL: Sell-side Liquidity, areas where sell orders are placed. • Daily FVG: Daily Fair Value Gap, highlighting areas of imbalance. • IFVG: Inversion Fair Value Gap, indicating a zone of prior imbalance. • Monthly FVG: Monthly Fair Value Gap, highlighting significant imbalances on the monthly timeframe. 📊 Key Considerations • Current Price Position: The price is currently trading around 3,495.80, after running above the Buy-side Liquidity (BSL) and sweeping the Previous Week High (PWH). • SSL Levels: These levels below the current price are significant areas to watch for a potential retracement and liquidity grab. • Daily FVG Reaction: The Daily Fair Value Gap is expected to act as a significant support zone if the price reaches it. • IFVG Reaction: The Inversion Fair Value Gap has already been tapped, indicating previous imbalance resolution. • Monthly FVG: The Monthly Fair Value Gap remains unfilled, providing a longer-term target. 📈 Bullish Scenario Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met: • Expansion Lower: The price may retrace lower to take out the Sell-side Liquidity (SSL) and fill the Fair Value Gaps (FVG) below. • Support at FVG: A potential tap into the Daily Fair Value Gap (FVG) could provide support. • Retracement Higher: After sweeping the SSL and reacting at the FVG, we can expect the price to go higher. 📉 Bearish Scenario A bearish scenario should be considered if the following conditions are met: • Minor Buy-side Liquidity Taken: For any short case scenario, we need minor buy-side liquidity (swing points) to be taken first. • Continuation Lower: After taking out the buy-side liquidity, the price may continue lower. 📊 Chart Analysis Summary Bullish Expectation: The expectation is for the price to potentially retrace lower to take out the SSL, tap into the Daily FVG, and then go higher. Bearish Expectation: For a bearish scenario, we need minor buy-side liquidity to be taken out first before considering short positions. Understanding these key levels and the current market behavior helps in making informed trading decisions. 🙏 Thank you for joining us! Exploring ETH/USDT today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning! ⚠️ Disclaimer The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
by RealArmin
When $ETH Money Flow Index turns green, new ATH! CRYPTOCAP:ETH has scaped the downward channel, but is still inside the horizontal channel (both in yellow) Note the blue diamond from Detonator A Indicator forming now, indicating a possible local end of trend Price will need to retest the support of downward channel first, as it coincides with both EMA200 (green tick line) and MA200 (red line) After that retest, price will follow to the upper resistence level of the horizontal channel as the ATH box is a attractor for price because former trends have targets over the ATH box (those purple arrows) When MFI (Money Flow Index, below pannel) turns green again, you know we will reach new heighs!
BITSTAMP:ETHUSDLong
by CCCLopes
Eth Weekend Pump...starts nowTargets for #ethereum long Tp 1 🎯$3560 -- 50% 💵 Tp 2 🎯$3584 -- 25% 💵 Tp 3 🎯$3640 -- close 💵 Mainly going off targets above but have to consider a potential early close/partial @ $3523 if price have difficulty breaking the resistance there. Fundamentals isn't apart of my edge but good confluence. Eth ETF schedule to start trading on 23rd this month. People usually buy expectation and sell the event so it makes sense that the price action is quite bullish today and I anticipate continuation. Might even pump higher than my targets above...can always jump back in. Its a 13 RR trade given it plays out according to plan. Its all about probability but if anyone reading this after things play out exactly as anticipated...I told you so :)
Long
by Filnft
4
Start trading of ETH ETF might push Ethereum price up.Hi everyone, After ETH ETF approval Ethereum price increased on over 30% rising from 2800-3000 support area to almost 4000 level. Two months later price came to the same spot from where it started. Within couple weeks actual trading of those ETH ETF should start and this once again bullish news that can push Ethereum price to 4000 level. Only time will tell if it happens or not but at least in the first days price should rise significantly. As always Ethereum price heavily depends on Bitcoin price action and if it goes down then start trading of ETH ETF won't help ETH price to rise. So far Ethereum price recovers better than BTC price but if Bitcoin resumes downtrend movement then ETH will follow. At the moment it's important for ETH price rise to 3650 level as it's first strong resistance and if BTC price rises above 60k then this will be very possible task for Ethereum. Please, do not forget to boost this idea & share it with your friends; thanks.
by Real_CryptoRoy
23
ETHUSDT: Descending Triangle Signals Potential Bullish BreakoutAs the crypto market buzzes with anticipation, Ethereum (ETH) finds itself at a critical juncture. Currently trading at $3,468, ETH is poised on the edge of a significant technical formation that could dictate its short-term future. Let's dive into the charts and unravel the story they're telling us. The Hourly Dance: Descending Triangle in Focus Over the past 48 hours, ETHUSDT has been painting a compelling picture on the hourly chart. A descending triangle has formed, with the upper boundary at $3,480 and the lower support hovering around $3,373. This pattern, often seen as a bullish formation, has traders on the edge of their seats. The descending triangle is like a coiled spring, with price action compressing between these two levels. Each touch of the resistance and support adds tension, potentially leading to a powerful breakout. Technical Indicators: The Plot Thickens Let's add some color to our analysis with a few key technical indicators: Moving Averages: The 50-hour and 200-hour moving averages are converging, suggesting a potential golden cross on the horizon. This bullish signal could provide additional fuel for an upward move. Relative Strength Index (RSI): Currently, the RSI is floating in neutral territory, neither overbought nor oversold. This gives ETH room to move in either direction without immediate resistance from this indicator. The Bigger Picture: Daily Chart Bullish Target Zooming out to the daily chart, the outlook becomes even more exciting. A successful breakout from this descending triangle could set the stage for a significant rally. The long-term price target? A mouth-watering 10% upside from current levels. Imagine the possibilities if ETH breaks above $3,480 with conviction. We could be looking at prices north of $3,800 in the coming weeks! Market Sentiment: Regulatory Winds of Change It's not just the charts that are stirring up excitement. Recent regulatory updates have been sending ripples through the crypto space. While the specifics remain hazy, there's a growing sense that clearer regulations could pave the way for increased institutional adoption of Ethereum. This backdrop of potential regulatory clarity adds an extra layer of intrigue to our technical setup. Could positive news be the catalyst that sends ETH soaring through resistance? Trading the Triangle: Entry Points and Risk Management For those looking to ride this potential bullish wave, here are some key levels to watch: Breakout Entry: A decisive move above $3,480 could signal the start of a strong uptrend. Consider setting alerts at this level. Support Entry: For the more risk-tolerant, entries near the $3,373 support could offer an attractive risk-reward ratio. Moving Average Crossover: Keep an eye on the 50-hour and 200-hour moving averages. A bullish crossover could provide additional confirmation of upward momentum. Remember, always use proper risk management. Consider setting stop losses below the $3,373 support to protect your capital. #Ethereum #ETH #CryptoMarket #TechnicalAnalysis #DescendingTriangle #ETHUSDT #BullishFormation #GoldenCross #RSI #MovingAverages #CryptoTrading #BlockchainTechnology #CryptoRegulation #InstitutionalAdoption #BullishTarget #RiskManagement #CryptoNews #MarketSentiment #TradingStrategy #CryptoPriceTarget
by XTradeSetup
ETHEREUM 4800$ UNLOCKED. + 5036$ + 7000 +NovemberAs we said yesterday, we are moving forward knowing 100% correctly. We have achieved 100% in predicting the future. We achieved high profits with almost 0 losses. We will see the records on all exchanges, not just Crypto. Even below we will see the record. It's almost November. We expect a big fake fall and a quick rally in November. Our Expected Dates are on the List. 4h| 8h| 12h| 1d|3d|5d|6d|1w|3w|1m|3m| Rally in Bitcoin is coming. 27.10.2021 08.11.2021 21.11.2021 28.11.2021 01.12.2021 07.12.2021 14.12.2021 21.12.2021 27.12.2021 08.01.2022 Do not forget to set Tp and Stop-loss. You'll understand when the rally comes. The media will write well. Governments will support. Banks will increase their expectations. It is not investment advice. Gradual entry and exit is recommended.
Long
by TraderEtc
1
Bitcoin Surges after Donald Trump Assassination AttemptMarket Update - July 19, 2024 Bitcoin Rallied Amid Renewed Volatility Linked to Trump's Election Prospects Mt. Gox Moves SEED_TVCODER77_ETHBTCDATA:9B in Bitcoin Ahead of Creditor Repayments Investors Hedge Positions as US Spot ETH ETFs Near Launch Coinbase Shifts Strategy for Gary Gensler Subpoena Hong Kong to Release Stablecoin Consultation Results Bitcoin Rallied Amid Renewed Volatility Linked to Trump's Election Prospects Following an attempt on the life of Donald Trump on Saturday, crypto assets linked to the US Republican candidate’s chances of winning the November 4 election experienced increased volatility. Bitcoin surged by around 7% as the candidate's probability of winning rose to 70% on popular prediction market Polymarket. After the event, Bitcoin broke above the crucial 200-day simple moving average (SMA), indicating a positive long-term trend. Additionally, Trump-themed Polifi tokens also surged on news of the attack. Recently, Trump has embraced crypto and been pictured with various high-profile figures, seeking a comparatively friendlier regulatory environment than the one President Biden has overseen. Consequently, some have viewed Bitcoin and the broader crypto market as bets on Trump's victory. Trump’s selection of JD Vance as his vice presidential candidate was also seen as a positive choice for crypto. A former venture capitalist, the Ohio Republican has been supportive of the crypto industry and criticized the SEC for what he perceives to be regulatory overreach. Last year, Vance, along with other Republican lawmakers, sent a letter to SEC Chair Gary Gensler expressing concerns about its lawsuit against crypto company DEBT Box. Vance is also believed to personally hold more than $100k worth of bitcoin. ⛏️ Topic of the Week: How to Mine Crypto ➡️ Read more here
GEMINI:BTCUSD
by Gemini
2