Ethereum (Cryptocurrency)
DASHUSDT LongDash H1 chart, Bullish signal. FVG was retested and rejected successfully. Now it's time to renew local high. Risk reward 1:2
Ethereum's Breakout Sparks Altcoin FrenzyThe past few months have been pivotal for Ethereum and the entire cryptocurrency market. After weeks of hovering around $3200, ETH finally broke through that resistance level on July 15, 2024, reaching a new high of $3369.192. This surge in price has not only bolstered confidence in Ethereum's long-term potential but has also ignited a frenzy among investors scrambling for altcoins, hoping to capitalize on the momentum.
Ethereum's Rise: A Turning Point
Ethereum, the world's second-largest cryptocurrency by market capitalization, has long been seen as a strong contender to Bitcoin's dominance. While Bitcoin has established itself as a digital store of value, Ethereum's functionality extends beyond that. Its blockchain technology underpins a decentralized network that allows for the creation of smart contracts, self-executing agreements that can facilitate a wide range of applications, decentralized finance (DeFi), and non-fungible tokens (NFTs) being just a few examples.
This versatility has fueled significant interest in Ethereum, and the recent breakout is seen as a validation of its potential. The surge past the $3200 resistance level suggests a shift in market sentiment, with investors growing more bullish on Ethereum's future. This bullishness is likely fueled by several factors:
• Increased adoption of DeFi and NFTs: The growing popularity of DeFi applications and NFTs has significantly boosted activity on the Ethereum network. This increased usage translates to higher demand for ETH, driving up the price.
• The Merge: The upcoming Ethereum upgrade, known as the Merge, is expected to significantly improve the network's scalability and efficiency. This has instilled confidence in investors who believe the upgrade will further solidify Ethereum's position within the crypto ecosystem.
• Institutional investment: The entry of institutional investors into the cryptocurrency market has brought a wave of fresh capital. With a more secure and established platform like Ethereum, these institutions are more likely to allocate funds, further propelling growth.
The Rise of the Altcoins
Ethereum's breakout has had a ripple effect across the entire cryptocurrency market, particularly on altcoins, which are digital currencies alternative to Bitcoin. The term "altcoin" encompasses a vast array of cryptocurrencies, each with its unique features and functionalities. Some altcoins are designed to address specific limitations of Bitcoin, such as scalability or transaction fees. Others focus on entirely new applications, like decentralized content creation or secure data storage.
The excitement surrounding Ethereum has spilled over to altcoins, with many experiencing significant price increases. Investors are looking for the next big thing, hoping to replicate the success of Ethereum. This has fueled a surge in altcoin trading, with some investors pouring money into various projects in the hopes of finding the next hidden gem.
A Word of Caution
While the current market frenzy is exciting, it's important for investors to approach altcoins with caution. The altcoin market is inherently more volatile than established players like Bitcoin and Ethereum. Many altcoin projects are in their early stages of development, and their long-term viability remains uncertain.
Investors should conduct thorough research before investing in any altcoin project. Carefully evaluating the underlying technology, the team behind the project, and the overall market potential is crucial. Buying into the hype without proper due diligence can lead to significant losses.
The Future of Ethereum and Altcoins
Ethereum's breakout marks a significant moment for the cryptocurrency market. It underscores the growing acceptance and adoption of blockchain technology and its potential to revolutionize various industries. The coming months will be crucial in determining whether the current altcoin frenzy translates into sustained growth for these alternative cryptocurrencies.
For Ethereum, the successful implementation of the Merge will be a major milestone. If achieved, it will solidify Ethereum's position as a leading blockchain platform and could pave the way for even greater adoption and innovation within the crypto ecosystem.
ETH is Bearish !Hello everyone,
Today we are going to talk about ETH - enjoy the video and let me know your thoughts.
Seb.
DOTUSDT LongWe see strong bullish signal on DOT Daily chart. yesterday FVG was retested, today we have new high. 7.2 level is the next bullish target, SL is under 6.1 level.
APE: Will It Finally Stop Bleeding? Bullish Divergence!APE came on the market with a bang, but has been severely underperforming Bitcoin (and most alts) since it's inception on Binance. Very disappointing price action for holders.
Nevertheless, there's a small chance that APE has bottomed. On the weekly, there's a strong indication for Bullish Divergence, which could lead to a sizeable move in the coming weeks and months.
I'm keeping a tight stop loss and a target at 5$. This will result in a trade with a very good risk-reward of over 23.
BITCOIN - Last Chance to BUY? Hey traders,
In the previous analysis, we were expecting bitcoin to move up from 0.5 - 0.618 fib levels. But what has happened is that price made a deep retracement towards 0.88 fib, which is good for us. why?
The 0.88 fib level is very close to the low = tight stoploss = higher Risk to reward = Big gains
LONG Setup:
- Watch the break of the descending blue trendline
- Wait for a retest or a pullback for entry
- Stoploss: Below 0.88 fib or below the recent low
- Targets: 76k, 80k, 87k, 96k and 99k.
Good Luck and trade Safe
Ethereum Whales Accumulate $ETH in Anticipation of ETF LaunchWallets holding at least 0.1% of the total supply have shown a consistently positive net flow over the past month, with a notable surge as Ethereum bounced back from its recent lows below $3k. This trend suggests accumulation in anticipation of the upcoming Ethereum ETF release, which is expected to occur around July 23rd.
Our outlook for the coming week is predominantly bullish. However, whether the ETF release becomes a 'sell the news' event hinges on the level of institutional demand for CRYPTOCAP:ETH
ETH/USD Tightening Range Trade PlansCrypto Sentiment took a hit recently due to creditor fears, but 'softer landing' Sentiment has overtaken this bias and provided long side bias.
Ethereum, particularly, has seen a considerable amount of range tightening, with lower highs and higher lows.
Overall direction, be it up, or down, will be dictated by future FED results and also potentially Crypto related news on its own.
Price Targets remain at drawn areas for longs/shorts.
ETHUSD → toward $3274hello guys.
Let's analyze ETH!
✎ Current Price and Structure
- Current Price: The current price of Ethereum is approximately $3,158.24.
- Trend: The chart shows Ethereum in a descending parallel channel, indicating a bearish trend.
✎ Key Patterns
- Double Bottom: At the lower end of the chart, a double bottom formation is seen around the $3,110 level. This is a bullish reversal pattern suggesting that the downtrend might be losing momentum.
✎Trendlines and Targets
- Descending Trendline: The chart shows a descending trendline that Ethereum is currently attempting to break. This line represents the resistance level in the ongoing bearish trend.
- Target Line: The target line, marked at $3,274.48, is a significant resistance level that Ethereum might aim for if it breaks above the descending trendline.
- Bottom Line: The bottom line of the descending channel acts as a support level.
- Target Line: Extending below the bottom line, it suggests further potential downside if the support is broken.
✎Indicators
- Price Action: The price action suggests a potential breakout from the descending channel. The price is approaching the target of $3,274.48 after forming a double bottom, which is a bullish signal.
- Resistance Levels: The significant resistance levels to watch are the descending trendline and the $3,274.48 target. Breaking these levels might indicate a reversal of the bearish trend.
Conclusion
- Bullish Scenario: If Ethereum manages to break above the descending trendline and reach the target of $3,274.48, it could signal a bullish reversal, potentially leading to further upward movement.
- Bearish Scenario: If Ethereum fails to break the descending trendline and drops below the current support levels, it might continue its downtrend within the descending channel.
Overall, the chart suggests cautious optimism with key resistance levels needing to be broken for a confirmed bullish reversal. Traders should watch these levels closely and consider the patterns formed for making informed trading decisions.
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✓✓✓ 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
Get Ready for Ethereum's Price to Skyrocket!After a Consolidation Spanning 1.5 Years BINANCE:ETHUSDT Poised for Upward Momentum Toward Supply Zone and Fibonacci 0.786 Level.
Ethereum Price Surge: Is the Altcoin Heading for New Highs?In recent trading sessions, BINANCE:ETHUSDT has exhibited notable movements, reflecting a dynamic interplay between bullish and bearish forces. Closing prices have fluctuated within a range. Recent fluctuations have placed ETH at critical junctures with significant support and resistance levels coming into focus.
ETH is currently testing a resistance zone around $3,408.08. Should the price manage to break through this level, the next significant resistance is at $3,419.6, followed by a stronger resistance at $3,460.5. On the downside, ETH has solid support at $3,379.74, with additional supports at $3,371.28 and $3,361.69. The price action around these levels will be crucial in determining the next directional move for ETH.
The 9 Exponential Moving Average (EMA) and the 20 EMA indicate that the short-term momentum is slightly bullish, with the 9 EMA trending above the 20 EMA. This crossover suggests potential upward momentum, but the narrowing gap between the two EMAs could imply a possible consolidation phase or a reversal if bearish sentiment gains strength.
The Moving Average Convergence Divergence (MACD) indicator presents a bullish scenario. The MACD line remains above the signal line, although the histogram shows diminishing bullish momentum. This could indicate a weakening in the upward trend, potentially leading to a period of sideways movement or a minor correction.
Meanwhile, the Relative Strength Index (RSI) has retreated from overbought levels, moving from highs of 84.42 to more moderate readings around 65.24. This suggests that while the bullish momentum has cooled off, there is still room for potential upside before the Ethereum price enters overbought territory again.
For traders looking to capitalize on the current market conditions, several entry and exit points can be considered. For long positions, a breakout above the resistance at $3,408.08 could signal an entry point, with potential targets set at $3,419.6 and $3,460.5. Stop-loss orders could be placed below the support at $3,379.74 to manage risk.
Conversely, for short trades, an entry point might be identified if ETH fails to sustain above $3,408.08 and begins to retreat. Targets for short positions could be set at the support levels of $3,379.74, $3,371.28, and $3,361.69. A stop-loss above the resistance at $3,419.6 could help mitigate potential losses.
As always, traders should monitor these technical levels closely and remain vigilant for any shifts in market sentiment that could impact their trading strategies.
ETH - bullish 24-hour upside expected!Listing of 8 spot ETH ETFs is expected on July 23! The deadline for returning the final S-1 registration forms for the eight-spot Ether ETF has been set for July 17 by the Securities and Exchange Commission (SEC).
“SEC finally gotten back to issuers today, asking them to return FINAL S-1s on Wed (incl fees) and then request effectiveness on Monday after close for a TUESDAY 7/23 LAUNCH,” conditional on no last-minute hurdles, Bloomberg’s ETF analyst Eric Balchunas, said.
Meanwhile, Reuters reports that Blackrock, Franklin Templeton and VanEck have obtained “preliminary approval” for their spot Ether ETFs. Such ETFs hold an equivalent amount of the underlying asset, contrarily to future ETFs that track futures contracts of the underlying asset rather than the asset itself.
The price of Ether rose 2.3 percent to $3,437 over the past 24 hours. ATTMO predicts strong sun for Ether in the next 24 hours, signaling bullish trend and upside potential over this time horizon.
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15/07/24 Weekly outlookLast weeks high: $61,431.5
Last weeks low: $54,288.74
Midpoint: $57,860.12
Last week BTC had a strong rally from the beginning of the week by printing the low in the first hour, and then closing at the weekly high at the very last hours on Sunday, a +13% climb over the 7 days.
The Consumer Price Index (CPI) results came in very positive with a better than forecast result.
CPI (YoY):
FORECAST: 3.1%
ACTUAL: 3.0%
The Producer Price Index (PPI) results came in higher than forecast.
PPI (MoM):
FORECAST: 0.1%
ACTUAL:0.2%
Despite a positive CPI and negative PPI the chart reacted in an opposite direction to how we would expect. Eventually after Friday's PPI results the MIDPOINT of the range got flipped and has been rallying ever since.
Usually a weekend pump is not something to be trusted alone, the lower volume can often paint a false picture and because of this the Monday close is very important. Should Mondays close be above the last weeks high I think this could be a catalyst for flipping the Bearish trend back to Bullish.
Another indicator of a trend change is the 4H 200 EMA which has now been broken and awaits confirmation of acceptance above, again this leads into the Mondays close being key.
Close above $61,500 = BULLISH
Bounce and reclaim of both 1D & 4H 200EMAs, set up nicely for HTF continuation of Bullrun.
Close below $61,500 = BEARISH
A swing fail of last weeks high could also imply a rejection off 4H 200EMA and continuation of the chop/ LTF downtrend.
Ether Bulls Charge as Price Breaches $3,300The Ethereum (ETH) market has witnessed a significant surge in recent days, with the price decisively breaking through the $3,250 resistance zone. This bullish momentum has instilled confidence in investors, suggesting further potential gains in the near term.
Breaking Through Resistance: A Sign of Strength
Previously, the $3,250 level had acted as a formidable barrier for ETH. However, the bulls (investors who believe the price will rise) have managed to overcome this resistance, indicating a shift in market sentiment. This breakout suggests a potential increase in buying pressure, pushing the price further upwards.
Technical Indicators Add Weight to the Bullish Case
Technical analysis, which studies price charts and historical data to predict future movements, strengthens the bullish argument for Ethereum. One key indicator is the 100-hourly Simple Moving Average (SMA). The price currently sits above this average, signifying an upward trend. Additionally, the formation of a bullish trend line on the hourly chart, with support at $3,270, provides further technical validation for the ongoing price increase.
Potential for Continued Upsides
Analysts are cautiously optimistic about the potential for ETH to continue its ascent. ETH price surpassed the $3,320 and even reached beyond $3,350 resistance levels. However, it's crucial to remember that the cryptocurrency market remains volatile, and unforeseen events can trigger price corrections.
Factors Influencing Ethereum's Price
Several factors are likely contributing to Ethereum's current bullish run. Here's a closer look at some of the key drivers:
• Increased Demand for Decentralized Finance (DeFi): DeFi applications, which enable financial services without traditional intermediaries, are built on the Ethereum blockchain. A surge in DeFi activity can lead to a higher demand for ETH, driving up the price.
• The Merge and Ethereum 2.0: The upcoming Ethereum 2.0 upgrade, also known as the Merge, is a much-anticipated event that aims to improve scalability and security. Excitement surrounding the Merge could be attracting investors and contributing to the price increase.
• Positive Sentiment in the Broader Crypto Market: If Bitcoin, the leading cryptocurrency, experiences a significant price increase, it often has a positive ripple effect on the entire crypto market, including Ethereum.
Looking Ahead: Will the Bulls Maintain Control?
While the current outlook for Ethereum is positive, there are still uncertainties. For instance, a regulatory crackdown on cryptocurrencies by governments or a major security breach on a DeFi platform could dampen investor sentiment and trigger a price decline.
Conclusion: A Cautiously Optimistic View
Ethereum's recent price surge above $3,300 is a welcome sign for bulls. Technical indicators and potential catalysts like DeFi growth and the Merge suggest the possibility of further gains in the near term. However, the cryptocurrency market remains unpredictable, and investors should exercise caution and conduct thorough research before making any investment decisions.
ETH ethereum100 and 50 day moving average lines. Ethereum barely inside the triangle pattern. The pattern shows an upside pennant. This shape is not completely negative but it's also not completely positive. I'd say it's a 60/40 shape that depends a lot on the total directional movement of the trend. The trend is "bullish" as most people say therefore the flag shape is better than if the lines were both angled in a negative slope. Each day the lines change. With each day new positions appear and old positions disappear.
Ethereum Analysis JUL-15, 24 Bounce & Profits On the Green $Here is the result of the ETH analysis. Based on its recent movements, we were able to correctly predict the support. Ethereum reached the demand zone we had been anticipating for days and thus rebounded again. This time, we could see ETH rise to approximately above 3600, targeting between 3800 and 4000.
If you followed my analysis from weeks ago, you should be in the green without any issues! Congratulations!
Ethereum will likely retest the 3.800 $ level againI see a small break in the price of Ethereum, it is almost certain that it will test $ 3,800 again.
Ethereum (ETH)Ethereum—some call it the silver of cryptocurrencies; obviously, Bitcoin is the gold. Anyway, continuing from the last ETH analysis, ETH is still moving in a wide ascending channel. Currently, ETH is oscillating in a triangle pattern that is sloped slightly upward. At the same time, there is a horizontal resistance/support area that acts like a magnet. Also, the channel's middle line is important for deciding upward or downward movement. Let's see which way ETH breaks this triangle pattern.
$4 arbisomeone say something about defi summer?
oh yeah, that was me.
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im predicting arbitrum hits $4.50 into august.
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structure is simple,
airdrop came up in 5 waves,
has since corrected in 3 waves down through an expanded flat.
expanded flat is labeled as wave (b) for strategic purposes.
some might label it as wave (2), but not me,
not this time.
---
buy arb here (market order)
tp $4+
sl 0.499
🌙
Bitcoin's Weekly Chart: FVG Filled, Eyes Set on Further Growth By analyzing the #Bitcoin chart on the weekly timeframe, we observe that after 2 months, this cryptocurrency finally experienced a drop to fill its old FVG. Interestingly, after this FVG was filled, the price managed to rise by 10%, from $53,500 to $58,300! Currently, Bitcoin is trading around $57,200, and if it can hold above the support level of $50,500 to $53,500, we can expect further growth in the price. Other assumptions from the previous analysis remain valid.
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
Bitcoin Bear-Flag Signal: Prepare For Dump!After the massive losses in June, Bitcoin has at the very least found a temporary bottom in July.
In my view, this is nothing more than a temporary pause to let the long-term oscillators get less extreme. The most likely scenario will be that the Bear Flag pattern will play out over the next few weeks.
This is a risky bet, since we're going to trade from the top resistance instead of waiting for the price to fall through the support. However, the R/R ratio is much better.
ETH/USDT 1DAY CHART UPDATE !!Ethereum has recovered from the lower boundary of the descending channel and is currently trading above $3,300. The next significant resistance level lies around $3,400. A break above this level could see ETH target the $3,600 mark.
Support is strong at $2,950, which aligns with the previous consolidation zone and the lower boundary of the descending channel.
A break and close above $3,400 with high volume could target $3,600 and above.
Failure to break $3,400 could lead to a retest of the $2,950 support area.
Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
