hoping for another bounce?I think we have been ranging that bottom end a while now, we could see a bounce up to the top of the range, then depending on what's happening when we get there, further up, or a bounce back down (my inclination in down)
Ethereum (Cryptocurrency)
Check if it is a regular array before trading
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Since ETH is in a reverse array (M-Signal on the 1D chart < M-Signal on the 1W chart < M-Signal on the 1M chart), I don't think it's time to trade.
However, since it is located near the HA-Low indicator and the M-Signal indicator on the 1D chart, if it receives support, it can be considered an aggressive buying period.
Such aggressive buying requires a short and quick response.
From this perspective, if ETH maintains its price around the 2555.38-2646.97 range and switches to a regular array (M-Signal on the 1D chart > M-Signal on the 1W chart > M-Signal on the 1M chart), it is ready for trading.
If you are familiar with day trading, you can start with aggressive buying and move on to full-scale trading, but if you are not, it is better to pass on aggressive buying.
If you make an aggressive purchase and it fluctuates up and down, you will not be able to hold on and sell when you need to make a full-scale transaction, which will reduce your profits or you will likely suffer losses even if the price rises.
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Currently, the only coin recognized for its value after BTC is ETH.
You can argue this, but this is a fact.
Several coins are making efforts to be recognized for their value.
Namely, XRP, SOL, etc.
Therefore, I think that long-term investments are BTC and ETH, and the remaining coins and tokens are trading coins that earn profits through trading in the medium term or less.
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(ETHUSDT 12M chart)
When drawing a parallel channel, the most important trend is the trend line (1) created by the first and second selection points.
Therefore, if the first and second selection points are selected incorrectly, an incorrect channel may be created.
The next important thing is the third selection point, which determines the width of the channel.
If this is also selected incorrectly, it can be interpreted incorrectly, so caution is required.
Therefore, trend line (2) is the important trend line.
The next important thing is trend line (3) created between (1) and (2).
Therefore, if trend lines (1), (2), and (3) are passed, there is a high possibility that a change in the trend will occur.
The Fibonacci ratio is displayed as a Trend-Based Fib Extension tool with the selected candlestick of the parallel channel.
Accordingly, the drawing for basic chart analysis is completed.
Fibonacci ratio or parallel channel is for chart analysis, not for trading, so do not confuse them.
If you think of Fibonacci ratio as support and resistance points and there are no support and resistance points drawn separately on the 1M, 1W, and 1D charts, I think the transaction is likely to fail.
Therefore, in order to proceed with the transaction, you must mark the support and resistance points on the 1M, 1W, and 1D charts.
-
(ETHUSDT 1W chart)
If you drew an ascending parallel channel on the 12M chart, you drew a descending parallel channel on the 1W chart.
The 1M chart is drawn as an ascending parallel channel like the 12M chart, so it was not drawn.
This allows for a more accurate analysis when looking at just one parallel channel.
The Fibonacci ratios shown on the left were drawn on the 1W chart.
We found that a change in trend can occur by passing through the area indicated by the circle.
-
(1D chart)
The price made an uptrend and then started to make a downtrend.
As you can see in the 1D chart above, there are two downtrends.
The first wave of the downtrend provides important information.
Therefore, if possible, it is better to draw a trend line on the first wave where the change in wave occurred.
The second downtrend is connected to the current wave, so this also provides important information.
If you mark important areas according to the current price position, it is the same as the order of the circles marked on the chart.
-
Have a nice time.
Thank you.
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- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to be encountered in the future. We need to see if we can break through these points.
We need to see the movement when we touch this section because we think we can create a new trend in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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ETH 2703 Long Coin breaks into the bullish zone👋🤖 Ether broke through the tenth 50MA, retested it and is breaking into the bullish zone.
On the horizontal volume indicator we see a strong gap in volume (See volume on the daily)
🔥🚀🚀 Price will fill this range very quickly and pass this distance!
Entry pattern breakout
First target 2819
Second target 2934
Third target 3087
Volatility is low, volume is very good you can use leverage up to 50x!
Stop short
🤖 Trade in long what is growing.
Ethereum Holds Steady Amid Volatility, Eyes on $2,800 BreakoutMarket Overview:
Ethereum had a volatile week but ended with a 1% gain, with buyers defending the critical $2,400 support level.
If ETH loses this support, the price could drop toward $2,000, impacting altcoins negatively.
Key Levels to Watch:
Current resistance: $2,800. A break above this level would signal buyers regaining control.
Support: $2,400. Losing this could trigger further downside to $2,000.
Outlook:
Ethereum is showing signs of market indecision, moving sideways. A breakout above $2,800 would end this hesitation and bring back bullish momentum.
#Ethereum #ETH #CryptoUpdate #PriceAnalysis #SupportAndResistance
Ethereum Eye $2900: Can It Recover Amid Vitalik's ETH Sales?Ethereum ( CRYPTOCAP:ETH ), the second-largest cryptocurrency by market capitalization, has been displaying signs of resilience, despite market-wide volatility. Following Bitcoin’s momentary drop below $59,000, Ethereum ( CRYPTOCAP:ETH ) managed to climb 0.66%, forming an intraday Doji candle. Currently trading at $2414, CRYPTOCAP:ETH has shown an intraday pullback of 0.14%, raising questions about whether this recovery could persist amid consistent sales of ETH by Vitalik Buterin and the Ethereum Foundation.
Technical Analysis: Bullish Indicators on the Horizon?
Ethereum’s current price action exhibits a notable rejection near the $2300 support level and its corresponding local support trendline, fueling the possibility of a bullish rebound. Analysts have identified this level as critical for CRYPTOCAP:ETH , and the lower price rejection provides hope that the bulls may regain control.
A closer look at the 4-hour chart reveals bullish divergence in the RSI between the past two dips near $2340. This divergence suggests a potential double-bottom reversal, a classic bullish pattern indicating an impending uptrend. In such cases, a reversal rally could push the CRYPTOCAP:ETH price toward nearby resistances at $2425, followed by Fibonacci levels of $2520 (50%) and $2624 (78.60%).
However, we highlights a crucial technical support for Ethereum around $2250, a breakdown below the TD support trendline could trigger an average correction of 53%, which could send Ethereum below the $2000 mark.
Bearish Sentiment: Concerns Over Ethereum Sales
The market remains divided on whether CRYPTOCAP:ETH can maintain its bullish momentum. One of the biggest concerns stems from sales by Ethereum co-founder Vitalik Buterin and the Ethereum Foundation. Their recent decision to sell significant amounts of ETH has raised alarm bells among investors, as many view insider selling as a bearish signal. Martinez’s analysis, reposted with the caption "Now it makes sense why Vitalik Buterin and Ethereum Foundation have been selling," reinforces the possibility of a sharp drop below $2250.
In addition to insider selling, Ethereum’s 10-day and 100-day moving averages are currently sitting slightly below its current price. This technical weakness, combined with a relatively neutral RSI of 45, suggests that Ethereum lacks the strength to push toward the critical $2900 resistance pivot in the short term.
Potential Price Targets and Scenarios
Ethereum’s price movements suggest a cautiously optimistic outlook, but the path forward is uncertain. If $ ETH breaks through the overhead resistance at $2824, it could aim for a 20% increase to reach $3175. However, falling below the $2120 support could result in a bearish correction down to $1769.
In a bearish scenario, Ethereum may retest the $2300 and $2200 support levels. A further breakdown below $2250 could confirm Martinez’s thesis of a significant correction, potentially leading to a massive selloff and further losses for ETH holders.
Fundamental Analysis: Ethereum’s Role in the Broader Market
While technical indicators show both bullish and bearish possibilities, Ethereum’s fundamental role within the crypto ecosystem remains strong. Ethereum is the backbone of decentralized finance (DeFi) and non-fungible tokens (NFTs), and it continues to lead the way in smart contract innovation. Ethereum’s network upgrades, including its transition to proof-of-stake, have been seen as critical steps toward long-term scalability and sustainability.
Nevertheless, Ethereum ( CRYPTOCAP:ETH ) is not immune to market-wide challenges. Broader macroeconomic factors, such as interest rate hikes and inflation concerns, have weighed heavily on cryptocurrencies. Ethereum’s price is also heavily influenced by Bitcoin’s movements, and BTC’s recent dip under GETTEX:59K poses additional risks for ETH investors.
Conclusion
Ethereum’s short-term prospects are mixed. On the one hand, the bullish divergence on the RSI, lower price rejection near support, and potential reversal patterns suggest that CRYPTOCAP:ETH could soon break out of its current trading range. On the other hand, insider selling by Vitalik Buterin and the Ethereum Foundation, combined with key moving averages sitting below current prices, implies that caution is warranted.
Whether Ethereum ( CRYPTOCAP:ETH ) rebounds to its former highs or faces a significant correction, investors should remain vigilant and adjust their strategies accordingly.
ZKSync: Poised for a Major Breakout in the Coming Cycle!ZKSync is rapidly positioning itself as one of the top Layer 2 solutions for Ethereum, offering scalability, lower fees, and faster transactions key ingredients for the next wave of blockchain adoption. As Ethereum’s congestion issues persist, Layer 2 protocols like ZKSync are becoming essential, and with its zero-knowledge rollups and strong utility, it is set to outperform many major coins.
In the coming cycle, I believe ZKSync has the potential for significant growth. With its solid technicals and increasing adoption, ZKSync is well-positioned to experience a breakout. Keep your eyes on this one it could be a top performer in the next market phase.
ETH Nears Strong Support: Strategic Buying Opportunity AwaitsBITSTAMP:ETHUSD
Current Price: 2,389.19 USDT (+0.79%)
Ethereum is currently experiencing a sideways trend throughout October, positioned near the lows of 2024. This consolidation suggests an interesting opportunity for buyers if a dip occurs toward the 2,200-2,100 USDT range.
Technical Analysis
Daily Timeframe:
The Relative Strength Index (RSI) is at 43.11, indicating a neutral sentiment.
MACD shows a bearish signal at −31.70, suggesting potential selling pressure.
Momentum is slightly positive at −211.63, signaling possible buying interest.
Moving averages are predominantly bearish, with the 10-day Exponential Moving Average (EMA) at 2,432.09 and the 20-day EMA at 2,461.91, both suggesting selling momentum.
2-Hour Timeframe:
The RSI is at 43.02, remaining neutral.
MACD also indicates a sell signal at −13.12.
The Momentum indicator is showing a slight buying signal at −42.68, hinting at potential upward movement.
30-Minute Timeframe:
The RSI remains at 43.02, with neutral readings across various oscillators.
MACD is still bearish at −13.12, indicating persistent selling pressure.
Momentum shows a slight positive value at −42.68, suggesting potential for a short-term bounce.
General Commentary on Indicators
The overall state of the indicators across multiple timeframes reflects a market that is largely in a neutral to bearish phase. While oscillators like the Momentum and Williams Percent Range are indicating some buying interest, the dominant signals from moving averages and MACD suggest that sellers are still in control. This mixed sentiment suggests that traders should exercise caution while considering new positions.
Conclusion
Given the proximity to this year's lows and the current sideways movement, it presents a favorable opportunity to evaluate a buying position if the price dips toward the 2,360-2,370 USDT range. Opening buyer positions near these lows could create an advantageous risk-reward ratio, particularly as this level aligns with strong support that has proven reliable thus far. By positioning close to solid support, traders can better manage their risk while aiming for potential gains in the event of a market rebound.
Disclaimer: This content is for informational purposes only and should not be considered as financial advice. Cryptocurrency investments carry risk, and it is essential to conduct your own research or consult with a licensed financial advisor before making any investment decisions.
ETH/USDT chart, which shows trading within a descending channel.ETH continues to trade within the descending channel, which indicates a bearish trend in the short term. A breakout above the upper trendline could signal a bullish reversal.
The immediate support level is around the $2,240 mark. If Ethereum sustains above this level, it could see a potential bounce, leading to a bullish move.
There is a crucial resistance zone around $4,000 to $4,400. ETH could face selling pressure when it approaches this zone.
The chart includes the 21-day simple moving average (SMA), which is acting as a dynamic resistance. A clear breakout above the SMA could be a bullish signal.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other altcoin.
@Peter_CSAdmin
Ethereum Signaling a Possible Bullish BounceIn the weekly Ethereum chart above, several indicators suggest ETH could be approaching a significant support zone, potentially leading to a reversal:
The MACD is nearing a potential bullish crossover. This is typically seen as a signal that the downtrend could be losing strength and that buyers might step in soon. A confirmed crossover would likely lead to a shift in momentum towards the upside.
The RSI has dropped below the 40 level, approaching oversold territory (below 35). This indicates that ETH may be undervalued, and the selling pressure could be exhausted, hinting at a possible rebound in the coming weeks.
100 and 200 EMA: The 100 and 200 EMAs are acting as strong support zones. Historically, these EMAs have provided robust support during major market pullbacks, and they could hold up ETH’s price from further declines.
This indicates the bottom for ETH, and we can expect a bounce from the current support level.
ETH Rejection at $2,461: Bearish Target $2,320?The Ethereum (ETH/USDT) chart on the 1-hour timeframe shows a significant price rejection from the $2,461 level, which is a key resistance zone. The price is currently hovering around $2,406, and the trend is favoring a bearish outlook. Here is a brief analysis and trading strategy:
Key Levels:
Resistance Zone: $2,461 - $2,460 (red zone)
Support Levels: $2,357 (first target), $2,320 (secondary target)
Analysis:
The price is facing strong resistance from the $2,461 level, with multiple rejections indicating the dominance of sellers.
The short-term moving averages are aligning with the bearish trend, and the price is struggling to break back into the resistance zone.
The next probable move, as shown by the red arrows, is a bearish continuation towards the first support level at $2,357, with a further possible drop to $2,320 if the selling pressure continues.
Trading Strategy:
Short Position: Consider shorting near the $2,414 - $2,461 resistance zone if the price fails to break above it. Target $2,357 initially, and if the bearish momentum continues, aim for $2,320.
Stop Loss: Place a stop just above the $2,461 level to limit risk.
This setup favors bearish traders, but monitor the price action closely near the support levels for any signs of reversal.
BTCUSD, HS INVERSE.The crypto BTCUSD price looking forward to surging back above FWB:65K as shown in the chart. A clear pathway to the top directed by the retest to head and shoulder(inverted) on the higher timeframes. Keep calm and enjoy the flight.
Bitcoin 70,000! Can Milton Stand in the Way?Bitcoin: 70,000 or 40,000?
Bitcoin is at a critical juncture, with the price poised to either break through to new highs at 70,000 or drop to as low as 40,000. Bulls are eyeing a breakout above key resistance levels, which could lead to a sharp move upward. However, bearish forces, including macroeconomic factors and potential market sell-offs, may push the price down toward critical support. The next move will likely be driven by major events, market sentiment, and global factors. Will Bitcoin soar or correct sharply? Stay tuned for the next big move!
#Ethereum winks at the 2025 mega bull!Before the 2021 mega bull, we witnessed the retest and accumulation process in August, September and October 2020.
CRYPTOCAP:ETH is in the final stage of the retest and accumulation process in August, September and finally October before the 2025 mega bull.
ETHUSD ForecastThe chart perfectly shows ETH to be in a falling channel.
But in the previous forecast I described why I see that ETH will fall by 10% at most and will grow further.
Therefore, I expect growth and exit from this channel.
ETHUSD Last call before $4600Ethereum has crossed above July's Falling Resistance and has started a new bullish phase.
A crossing above the 0.5 Fibonacci level, confirms the bullish extension.
This is the pattern that was followed last October (2023) right when the mega rally started.
Trading Plan:
1. Buy if the 0.5 Fib breaks.
Targets:
1. 4600 (the 1.5 Fibonacci level, in line with the Dec 7th 2023 High).
Tips:
1. The RSI (1d) has already been on a Bullish Divergence since the August 5th low. Similar pattern with the August 18th 2023 bottom. Perfect time and price symmetry.
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ETH Best level to BUY/HOLD TP 50% gains🔸Hello traders, today let's review 8hour price chart for ETHUSD . strong gains recently off the range lows ,however currently price still stuck in the well-defined distribution range established in August 2024.
🔸We are stuck in mixed range / distribution, since previously price
dumped in the summer time therefore expecting more losses in this
market before an eventual recovery / bounce off the strong S/R below.
Range is defined by 2300 usd lows and 2750 usd highs. so far we are
still stuck in this range and I can't recommend any trades right now.
🔸Recommended strategy bulls: wait for a fake breakdown of the
recent range expecting one final swipe higher towards 2750 before
the eventual dump / breakdown. I got two important levels marked
down on my chart - 2 000 USD and 3 000 USD. Expecting price reversal
at/near 2 000 usd as the bulls will defend this level. Logical price target
for the swing trade setups for the bulls is 3 000 USD, this trade got
50% unleveraged/clean upside. Keep in mind that this is a swing trade
so naturally will take more time to hit TP. good luck, traders!
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Ethereum - Looking To Sell Pullbacks In The Short TermH1 - Bearish trend pattern
Currently it looks like a pullback is happening.
Until the two strong resistance zones hold I expect the price to move lower further after pullbacks.
Could Ethereum rise from here?The price has reacted off the pivot which acts as an overlap support and could rise to the 50% Fibonacci resistance.
Pivot: 2,399.85
1st Support: 2,311.61
1st Resistance: 2,522.01
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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.
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ETHUSDT: Sell Or Buy ! Based on the provided chart for Ethereum/USDT, the price is moving within a clear ascending channel, showing an overall bullish trend with potential pullbacks. Here is a brief analysis and strategy:
Current Price Movement: ETH is currently retracing from a recent high (around 2,490) but remains within the ascending channel.
Support and Resistance Levels:
Resistance: Around 2,490-2,500 (upper boundary of the channel).
Support: The lower boundary of the channel, near 2,440-2,450.
Trade Strategy:
Buy: Wait for a pullback to the lower boundary of the channel, ideally near 2,440. If the price confirms support in this area, a buy entry could be ideal.
Target: Look to take profits near the upper boundary of the channel, around 2,500-2,520.
Stop Loss: Place below the channel, around 2,430.
Market Sentiment: As long as the price stays within this upward channel, the overall trend remains bullish. However, a breakout from this channel (either up or down) could lead to significant price movement.
Ethereum call was good!We were on point with the expected drop of CRYPTOCAP:BTC not being severe.
However, was a little off on where it would find support, #BTC.
Can't get em all :)
Drew a 2nd box on the chart to measure by how much we were off.
AMEX:BITX & AMEX:ETHT have done well
Pls see more profile for more info (we don't post as much anymore, lil busy)
ethusdCRYPTOCAP:ETH #Ethereum consolidates above 2-year uptrend support and prepares for the next major uptrend wave!
ETHBTCLong term trend line being revisited this week...
Haven't seen that for eth in a while
Is this the psychological low or is eth destined for obscurity diluted out by other layer one chains...
From the stats I've seen from eths l2chains the eth economy is well and truly active with scaling nearing completion
Solana is the nearest competitor by use but the chain has decentralization issues and therefore has shut down multiple times in the last few years for periods..
Ethereums security lies in being able to access the network at all times.. something no competitor has managed at scale as of yet
ETH/USDT: Inverse H$S Formation with Bullish Targethello guys.
Inverse Head and Shoulders: A clear bullish reversal pattern has formed, consisting of a left shoulder, head, and right shoulder, signaling a possible change in trend from bearish to bullish.
Engulfed Area: A previous price zone has been engulfed by the market, confirming the potential strength of the buyers at this level.
Support Zone: The $2,340-$2,350 level serves as the key support, previously tested during the formation of the inverse head and shoulders pattern.
Target Area: Price is currently hovering around $2,420 and could rally towards the identified target zone near $2,480-$2,490, as shown by the marked arrows on the chart.
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