Ethereum (Cryptocurrency)
Ethereum Price Bounce from Key Support –Potential Breakout Abovehello guys!
Key points to consider:
Support Zone: The $3,160–$3,200 zone acted as support, and Ethereum’s price has bounced strongly from this level, which could indicate further upward movement if the price remains above this zone.
Resistance Zone: Ethereum is approaching the $3,600 resistance level, which has capped the price previously. A breakout above this level would likely trigger a move toward the next target near $3,760–$3,800.
Trend Reversal or Continuation: If the price fails to break through $3,600, it could revisit the support zone, with the potential for a continuation of the overall downtrend. However, a confirmed breakout above $3,600 could signal a continuation of the bullish trend toward higher targets.
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Brief:
Ethereum is testing key resistance at $3,600 after bouncing from a strong support zone around $3,160–$3,200. A breakout above this resistance could push the price towards $3,760–$3,800, while failure to break it could lead to a retest of lower levels. Monitoring the price action around $3,600 will be crucial for determining the next direction.
SOLANA to challenge ETH Marketcap. Can it Flip?In the previous cycle, Solana struggled to compete with Ethereum's market cap. Even if you were to subtract Solana's market cap from Ethereum's peak, you'd still find yourself with a surplus of half a billion dollars. However, the situation has changed, as Solana is now less than three times away from surpassing Ethereum, and it's gaining value at a quicker rate. Without a doubt, the quicker horse.
Examining the charts reveals two significant patterns currently at play. Notably, Solana's Cup and handle pattern has already broken through and successfully retested its breakout point, showcasing its relative strength. In contrast, Ethereum's technical pattern has yet to initiate a breakout.
If both patterns achieve their full potential, it’s possible that Solana could indeed surpass Ethereum. There’s also a scenario where Ethereum may not reach its full target and begins to lose momentum around Target 2, allowing Solana to take the lead and dominate for the remainder of the cycle.
I am receptive to all possibilities, including the idea that Ethereum might achieve its full potential not in 2025, but rather in the next cycle or perhaps during a catch-up event at the end of this current cycle. The markets can be unpredictable, particularly in the world of cryptocurrency. However, with Donald Trump's actions, it seems likely that we see a further influx of capital and significant fantastical valuations for many coins during 2025.
BTC.D : Alt -season 2025Hi friends,
As you can see on the Bitcoin Dominance chart on the weekly time frame, I would like to remind you of the start of the 2025 Alt Season.
SecondChanceCrypto
⏰ 19/Jan /25
⛔️DYOR
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 comments.
Ethereum's Second Scenario (3D)Now, it’s worth taking a look at higher timeframes.
Regarding Ethereum's bearish scenario, as you may recall, we previously considered a large triangle for Ethereum, which remains valid and has not been invalidated.
However, the available data suggests that the scenario from this analysis is still valid as well. The strength of the bounce from the green zone to the upside will determine the next scenario, indicating that we need more data.
The market in higher timeframes, like the 3-day chart, is corrective. This is why traders in the 4-hour timeframe are facing a bearish trend. Support from Trump and the U.S. government for Bitcoin has also slowed down this correction, extending its duration.
In any case, the green zone could reverse the trend in the 3-day timeframe toward the red circle.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
DXY - OVERBOUGHT = Risk On in Near Term = GainsThe DXY RSI levels are approaching overbought territory. Don't need to over think this one. I'm looking for a mean reversion.
On average, it appears a DXY pull back is +/-12%. $102-$98 is the level I'm watching for the short/medium term for the DXY. I imagine it strengthens again in the future, but it's offside at the current moment.
Stonks, BTC, & Crypto are looking prime for a risk on environment & substantial gains - for at least the short to medium term - if the DXY sells off.
Either way, it's looking like the DXY will need to mean revert in the near term.
BULLISH.
$ETH - Crucial Level To HoldOn the daily chart, we can see that the price is struggling to advance past the 3.5k level
In my opinion, this is the final resistance before reaching an all-time high (ATH). If we can reclaim this level, the entire structure will shift, leaving us with a triple top acting as a magnet at 4.1k.
Otherwise, we might see the price filling the wick down to 3k (crucial level to hold), at least by 50%, or we could see a decline towards the 2.7k - 2.4k area
Ethereum’s Next Big Move: Don’t Miss This Game-Changing Setup!I am back and live on January 18th with a crucial Ethereum (ETH) breakdown! 🚀 In this video, we dive into potential bullish momentum for Ethereum, identifying key levels for buying opportunities and explaining the recent market reaction to altcoin rotations, including the hype around Trump’s meme coin.
We start on the weekly time frame, reviewing the inverted head-and-shoulders pattern and the strong bounce off the $2,930 support level. On the H4 time frame, we analyze critical market structure breaks and price sweeps, signaling ETH could push towards $3,599 and potentially $3,760.
If we get a candle closure above $3,320, this could be the weekend setup you don’t want to miss! 🚨 Let’s break it down and capitalize on this opportunity.
📊 Targets:
• $3,599
• $3,760
⚠️ Are you ready for the next Ethereum move? Watch the video for detailed insights, setups, and market sentiment analysis.
ETH dropped hard back down to 3,300 support as we expectedETH dropped hard back down to 3,300 support as we expected. I wrote on Friday for subscribers of my trading chat room: ..."it is possible that bears will re-test 3,300 or even 3,150 support before the breakout".
"If we get a drop down to 3,300 or 3,150 I would consider it a gift from trading gods".
Now bulls got a clean bullish i up, ii down setup, a solid foundation for the next leg up in a subwave a of wave iii up targeting 3,777
Ethereumhello friends
We came with Ethereum analysis.
You can see that after the heavy fall in the specified support area, the price made a good return.
Now, with the defeat of the resistance zone, we can enter into purchase transactions and move to the specified goals with capital management.
*Trade safely with us*
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ETHUSD Will Go Lower From Resistance! Sell!
Here is our detailed technical review for ETHUSD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 3,267.2.
Considering the today's price action, probabilities will be high to see a movement to 2,920.3.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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