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Ethereumanalysis

ETH → Ethereum Falls Back to the Support Zone. Long or Short?Ethereum retraced to the Support Zone, following the rest of the crypto market in a pullback. Now that ETH is on the Support Zone, can we expect a bounce? How do we trade this? 🤔 I think it is probable that we get a bounce back up to the Daily 30EMA, but I do not believe ETH will break it. We may have witnessed the first leg down in a 2-legged pullback for ETH and Bitcoin. ETH has some long tail bars at the Support Zone, but with no good follow-through as of yet. It's reasonable to think the bulls will make an attempt to buy but with little momentum, which makes that Daily 30EMA ribbon an ideal resistance target as it previously acted as support. The rejection at the 30EMA will likely bring the price back down to the Support Zone and with that many points of contact, increases the probability that the price will fall through. I expect that next support area to be at the Daily 200EMA of which the price will be around $2,000. The psychology of that even number being at the 200EMA after a 2-legged pullback in a bull market screams support zone target. Once we hit this price area, I am looking for a strong bull signal and confirmation bars to enter a long. 💡 Trade Idea 💡 Long Entry: $2,080 🟥 Stop Loss: $1,920 ✅ Take Profit #1: $2,240 ✅ Take Profit #2: $2,560 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Four legs up in a bull trend, final strong bull candle followed by a strong bear candle. 2. Contact with Resistance Area above $2,500 3. Strong Reversal Candle closing below Daily 30EMA 4. Likely to fall below Support Zone, look for Long Entry at Daily 200EMA 5. RSI at 40.00 and Below the Moving Average with a gap to fill, supports a slight pullback and then fall. 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
INDEX:ETHUSDLong
by TraderEngineering
1
ETH UPDATE (4H TF)We have good confirmations that the structure has become bearish, because after the bearish CH, we also had a bearish iBOS. The ascending movements are weak and in time dimension. It is expected that we will have a drop from the marked supply red box towards the green box. Note that if you have followed our analysis before, we have had a diametric for Ethereum, that wave E of this diametric has ended and now we expect good drops for wave F. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
ETH When will the Ethereum selloff end??I've previously mentioned in an ETH trading idea that the Bitcoin ETF approval would be a 'buy the rumor, sell the news' event for Ethereum as well: Now we observe a continuation pattern with bearish Elliot Wave price targets. Elliott Wave Theory is a technical analysis approach that attempts to identify and predict market trends by recognizing recurring wave patterns in financial markets. Developed by Ralph Nelson Elliott in the 1930s, the theory is based on the idea that market movements follow a series of repeating patterns and cycles. Elliott Wave theory often incorporates Fibonacci retracement and extension levels to identify potential reversal or continuation points within the wave patterns. In this case Elliott Wave`s price target for ETH is about $2330.
Short
by TopgOptions
ETH & BTC - OMG WHAT IS HAPPENING?! (CROSS ANALYSIS)Don't panic, this was expected. It's not the end of crypto, it's just a healthy correction that we need once and a while to justify a rally in the future. Price cannot always go up even though we wish it was that easy. What is on the charts? (3 steps) 1) The consolidation that had us wonder what was going to happen. (Again we forget that there is also option trading amongst other things with Bitcoin and time plays a big role. In fact, time is so important that if you can control when price will drop just by being a big player, you can put everyone out of the money right at contract expiry. One of the many ways whales will f*** you. How do I know? I don't. But if I had the ability to move markets I'd do just that.) 2) Bearish structure that could have been a short entry but obviously I prefer a double confirmation. Double confirmations just put probabilities on our side. When money is on the table, you either gamble or play the probabilities game. That's what we're doing here: trading not gambling. 3) Sellside liquidity taken out. This is our signal. If not now then when? Again this isn't me telling you to short. Who am I? No one, do your own research. So what now? We want a retracement in the reload zone and the 0.702 + FVG is THE place to be. If it goes higher then I'd cancel the idea for now. Again the DAILY ANALYSIS supports the short and that's what matters. As always, happy trading and stop gambling you ape. ;)
BINANCE:BTCUSDShort
by Lexi_Is_Trading
ETH → Ethereum Reversal? This Trade Setup Takes Advantage.Ethereum has shown great signs of bull strength as Bitcoin and the crypto market burn hot into this bull run. The time for entering longs on the higher timeframes has likely come to an end. So is it time to short? How do we trade this? 🤔 ETH does not have any sell signals yet, but we did just break into a major resistance area at $2,500. With four pushes up, Bitcoin near a strong resistance area as well ($46,000-$48,000), it's reasonable to start looking for counter-trend trades. I believe there is a short opportunity just below $2,500 down to the Daily 30EMA or the previous Support Zone. To justify this trade, we need a strong sell signal in the current price range around $2,600. Once the $2,500 price area is broken, a potential test of that area should once again fail and give us a confirmation bar closing on or near its low. At this time, It will be reasonable to short scalp ETH at a 1:1 Risk/Reward Ratio. 💡 Trade Idea 💡 Short Entry: $2,500 🟥 Stop Loss: $2,740 ✅ Take Profit: $2,300 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Four Pushes up from Breakout. 2. Entered Major Resistance Level. 3. Short Resistance Level with Proper Bear Signal. 4. RSI at 70.00 and above Moving Average, Supports Short. 5. Watch Bitcoins Response to Current Price Area. 💰 Trading Tip 💰 Never enter a counter-trend trade without the proper signal *and* confirmation. A signal bar will usually have a long wick, and a confirmation bar will follow shortly after the signal bar and have a strong body closing on or near its low or high (bear or bull). ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
INDEX:ETHUSDShort
by TraderEngineering
1
ETH → Ethereum Triple Top Calling for Short Trade? Let's Answer.ETH's price action has been caught in a trading range since its bull run to $2,400 on December 9th. We've now registered three failed attempts to break that $2,400 resistance, is it time to short? How do we trade this? 🤔 We can justify a small position short scalp with the current analysis at a 1:1 Risk/Reward Ratio. The justification is the triple top after three pushes up in a bull trend, two strong sell-offs since the $2,400, and the lack of bull momentum at the Daily 30EMA. This position still carries a fair level of risk, so I would not use your maximum position size based on the initial risk. Rather, as more price action unfolds and provides us with more justification for bearish bias, we can add to our trade with additional entries. 💡 Trade Idea 💡 Short Entry: $2,225 🟥 Stop Loss: $2,510 ✅ Take Profit: $1,940 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Three Pushes up from Breakout. 2. Three Sell bars after Push #3, Potential Triple Top. 3. Reasonable Short to Daily 200EMA. 4. RSI at 50.00 and below Moving Average, Indecision. 5. Watch Bitcoins Response to Current Price Area. 💰 Trading Tip 💰 The RSI on its own is a weak indicator and should not be used to make trade decisions. However, when coupled with proper price action analysis, it can help orient the current state of the market and supplement your chart bias. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
INDEX:ETHUSDShort
by TraderEngineering
ETH → Ascending Wedge, Double Top, About to Drop!? Let's Answer.Ethereum has a string of reversal indications that give us a picture of bearish price action. Are these data points enough to enter a short? How do we trade this? 🤔 Three pushes up, an ascending wedge, and strong resistance alone is not enough justification to enter a reversal trade unless you fade your position (small entries until the reversal happens). It's better to wait for a strong bear bar closing on or near its low below the 30EMA to provide enough probability to justify a reversal trade. If the price breaks below the Daily 30EMA and closes a candle with followthrough or a re-test of the 30EMA as resistance, a short entry is justified. Alternatively, if we find support at the 30EMA or get a strong bull bar closing near it's high, it's reasonable to think the price will hit the next resistance target of $2520.00. I would trade small on any long position this late in the trend as it's more likely we're about to enter a trading range or major pullback. 💡 Trade Ideas 💡 Short Entry: $2,150.00 🟥 Stop Loss: $2,250.00 ✅ Take Profit: $1,950.00 ⚖️ Risk/Reward Ratio: 1:2 Long Entry: $2,250.00 🟥 Stop Loss: $2,150.00 ✅ Take Profit: $2,450.00 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Three Pushes up in Bull Trend. 2. Formed Ascending Wedge, Price Fell Out. 3. Potential Double Top, Wait for Break Below 30EMA to Short. 4. If Bounce at Support, Reasonable to Long to Next Resistance. 5. RSI at 55.00 below Moving Average, Indecision. 💰 Trading Tip 💰 Three pushes up, an ascending wedge, and strong resistance alone is not enough justification to enter a reversal trade unless you fade your position (small entries until the reversal happens). It's better to wait for a strong bear bar closing on or near its low below the 30EMA to provide enough probability to justify a reversal trade. Your probability is still inherently low, but catching a trend when it starts gives you more room for reward, that's the tradeoff. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
INDEX:ETHUSDLong
by TraderEngineering
🚧Ethereum Analysis(Three Falling Peaks Pattern)🚧🎄Merry Christmas! 💫Happy Holidays! I hope all of your Christmas wishes come true. ✅ Ethereum(ETH) managed to form a Three Falling Peaks Pattern near the 🔴 Heavy Resistance zone($2,540_$2,300) 🔴 and 🟡 Price Reversal Zone (PRZ) 🟡. 📚What is the Three Falling Peaks Pattern❗️❓ 🔸 The three falling peaks pattern consists of three peaks and two valleys of give or take equal size. The pattern has a downward slope meaning that each peak is lower than the last, and the same applies to the valleys. 🔸The three falling peaks pattern validly forms when, after the last peak, the price falls below the second valley signaling a market reversal and a large price drop. 🔨Also, Ethereum managed to break the Support line and 🟢Support zone($2,270_$2,245) 🟢. 🔔I expect Ethereum to continue its decline towards the next 🟢Support zone($2,167_$2,116) 🟢 after completing the pullback to the 🟢Support zone($2,270_$2,245)🟢 and Support line . ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Ethereum Analyze ( ETHUSDT), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
22
ETH → Blast to $2,500 then fall to $1,800? Reversal Time Near?Ethereum is far into its bull run from $1,100 to $2,300; with three pushes up and a Weekly RSI near the 70.00 level, and we're near a resistance level. Three initial conditions for a trend change. How do we trade this? 🤔 These conditions are great indicators that we're near the end of the current bull trend, but we don't yet have any confirmation that we're done. We're still in the bull channel, price is above the 30EMA and we're above the Support Zone. We need a break below the Support Zone with a strong bear bar closing on or near its low and the RSI to remain below the moving average. There is a strong possibility that ETH has enough momentum left to hit $2,500, especially if Bitcoin finishes its Measured Move to $46,000 and takes the rest of the crypto market with it. Until either scenario presents itself, we should remain on the sidelines and watch the price action unfold. 💡 Trade Ideas 💡 Short Entry: $2,080.00 🟥 Stop Loss: $2,210.00 ✅ Take Profit: $1,820.00 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Bull Trend, Bias to Long. 2. Price Remains Above Daily 30EMA 3. Crucial Moment on the Chart. Remain on Sidelines. 4. RSI at 56.00 and below Moving Average, Bias to Short. 5. Reasonable to Short with Confirmation below $2,200. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
INDEX:ETHUSDShort
by TraderEngineering
🗺️Ethereum Roadmap🗺️⏰(15-minute time frame)⏰✅It seems that Ethereum managed to break the Important Resistance line . ⚔️At the moment, Ethereum is attacking the 🔴 Heavy Resistance zone($2,540-$2,300) 🔴. 🌊According to Elliott's wave theory, Ethereum completes a main wave 5 . 🎯Main wave 5 is likely to be completed in my Target . Ethereum Analyze ( ETHUSDT), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
13
ETH → Mad Dash to $2,500? Or Rejected to $1,800? Let's Answer.Ethereum is at a crucial moment in its journey to break the $2,100 resistance area. We're currently in an ascending triangle, a bullish pattern, knocking on the resistance zone door. Will it break through? How do we trade this? If you are not in a trade right now, do not enter one. We should not be longing resistance nor should we be shorting without a sell signal and confirmation. Wait for a break of resistance followed by a test of resistance as support to long. To short, we need a clear sell signal bar and confirmation candle closing on or near its low. Until then, let's see where the price action goes. FOMO (Fear of Missing Out) is your worst enemy. You're making more money by not falling for the seduction of market profit. Trade Idea Long Entry : $2,250 Stop Loss: $2,127.50 Take Profit: $2,495 Risk/Reward Ratio: 1:2 Key Takeaways 1. Ascending Triangle, Bullish Signal! 2. Strong Support on Daily 30EMA. 3. At Resistance Zone, Do Not Long Here! 4. RSI above Moving Average and around 60.00. Bias to Long. 5. Use caution, watch for a reversal signal! You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
INDEX:ETHUSDLong
by TraderEngineering
2
ETH ETHEREUM Technical Analysis And Trade Idea ETHUSDLately, ETH has displayed a strong bullish trend. This video thoroughly examines and dissects this trend, closely analyzing price movements and identifying potential trade prospects by assessing various scenarios within the weekly and daily timeframes. Anticipate an in-depth exploration of price behaviors, market formations, trend assessments, and critical technical analysis components. It's crucial to emphasize that the content shared is solely for educational purposes and should not be interpreted as financial advice.
BINANCE:ETHUSD
by fxtraderanthony
⚠️Ethereum(ETH) will Go Down at least ➖40%⚠️👋Hi, everyone. I hope you have a great weekend.🥳 📈Today, I am going to analyze Ethereum(ETH) for you; since more than 80% of the Tokens in the cryptocurrency market are on the Ethereum network , I hope this analysis will give you a good insight into investing in Ethereum(ETH)and other tokens . ✅Ethereum(ETH) reacts well to the 🔴 Heavy Resistance zone($2,520-$1,880) 🔴 and has taken a downward trend again in recent weeks . ☠️One of the reasons for the fall of Ethereum(ETH), in addition to hitting a 🔴 Heavy Resistance zone($2,520-$1,880) 🔴, is the DeathCross Signal . 📚☠️ Death Cross Signal ☠️: The death cross appears on a chart when an asset's short-term Moving Average(MA), usually the 50-day , crosses below its long-term moving average, usually the 200-day . 💡Also, if you look carefully at my chart, the Pitchfork lines also have a good effect on Ethereum(ETH), although in order not to make the chart busy, I refrained from drawing all the lines. 🌊According to the theory of Elliott waves , Ethereum(ETH) seems to be in a Super Cycle so that the main wave 3 ended at $4,868 and Ethereum(ETH) is currently completing the main corrective wave 4 . 🌊Considering that first microwave of the main wave 4 has 3 waves , it is a bit difficult to recognize the correction structure of the main wave 4, but most likely it will be a correction structure of the Double Three Correction(WXY) type. 🌊It seems that Ethereum(ETH) has completed microwave X of the main wave 4 in the 🔴 Heavy Resistance zone($2,520-$1,880) 🔴, which can be one of the signs of the ☠️ Death Cross Signal ☠️. Now, before concluding, let's take a look at the ETHBTC chart analysis, which gives us a good idea that if the cryptocurrency market falls or rises, Ethereum(ETH) will rise or fall more or less than Bitcoin(BTC)(About 4 months ago, I shared with you the analysis of ETHBTC which is running well✅).👇 💡The chart above👆 shows that it is likely that Ethereum(ETH) will start to rise again after entering the 🟢 Heavy Support zone(0.057 BTC-0.049 BTC) 🟢 and 🟡 Price Reversal Zone(PRZ) 🟡 will be less affected if Bitcoin(BTC) falls. 🔔As a result, I expect that the Ethereum(ETH), as I explained to you, will have a downward trend( ➖40% ) in the next 3-4 months and will begin to rise again, at least to the 🔴 Heavy Resistance zone($2,520-$1,880) 🔴 as it approaches the 🟢 Heavy Support zone($1,060-$744)🟢 , Support line and Pitchfork lines . 🔔So it's better to invest in Tokens that are on the Ethereum network and wait for Ethereum(ETH) to at least enter the 🟢 Heavy Support zone($1,060-$744)🟢 , maybe Altseason will start from this zone. 🙏In the end, I have to apologize for the fact that the chart is busy, but in my opinion, all the lines and indicators were needed for your better understanding of the analysis, and I also hope that this analysis has an 📚 educational 📚 aspect for you. ------------------------------------------------------------ I would be happy to share your opinion about Ethereum(ETH) for the mid and even long-term below this post. ------------------------------------------------------------ Ethereum Analyze (ETHUSDT), Weekly time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
42
ETH IS AT RESISTANCE! POSSIBLE LONG TERM SCENARIO!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this important ETH update. Currently, ETH is trading under the $2100 level. As you see in this weekly chart, ETH forming a cup and handle pattern here and trying to break the neckline. Once it breaks the neckline and the weekly candle closes above it ($2150) then we see a massive growth of 80-100% in ETH price. On the other hand, rejection from here might take us to the lower trendline again ($1600 level) and if this happens then it will be the best opportunity to buy ETH. So conclusion is we should wait for a clear breakout here or if breakout doesn't happen then buy near the yellow trendline ($1600) What do you think about this? Share your thoughts in the comments section. if you like this idea then do support it with like and follow. Thank You!
Long
by CoreCrypto1
2
ETH Ethereum Price Target| Binance vs SEC Lawsuit|Whales DumpingBinance disputes the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws. The legal battle between Binance and the SEC has sent shockwaves through the cryptocurrency community. Binance and its affiliates assert that the SEC is overreaching its jurisdiction on digital assets, especially without any clear legislative guidance from Congress. The original lawsuit, filed in June, accused Binance of unlawfully listing unregistered securities. Historically, the actions of whales have been instrumental in shaping the price movements of Bitcoin and the broader cryptocurrency market. Non-whale addresses, those holding less than 100 BTC, now account for over 41% of the total Bitcoin supply. Meanwhile, whales, entities holding between 100 and 100,000 BTC, have witnessed a decline in their collective holdings to 55.5%, marking their lowest ownership level since May. The decrease in whale holdings could signal a potential change in the market's dynamics, potentially leading to increased volatility and uncertainty. These developments collectively cast a shadow over the cryptocurrency market's near-term prospects. In this context, my price target for ETH Ethereum is $1310. Looking forward to read your opinion about it!
Short
by TopgOptions
6
ETHUSD: Support bounce to start a new move higher? Today's focus: ETHUSD Pattern – Divergence, demand bounce. Support – 1538 Resistance – 1647 Thanks for checking out today’s update. Today, we have run over ETHUSD, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis. ETHUSD continues to build after sellers look to have formed a washout bar retesting support and demand seen at 1538. Since that test, we have seen buyers quickly jump back into the market, lifting price back up to resistance. We also can see divergence forming supporting the buying, but the pattern is not a classic example but still worth noting. If we continue to follow a bullish line, we want to see buyers break resistance and test the main trendline. If we see a reaction lower, it is fine for it to move back into the previous resistance as long as we see a new higher low with firm buying. A move back to support is a worry, and a break of that level could set off a new push back down to 1422. Have a great day and good trading.
EIGHTCAP:ETHUSDLong
by Eightcap
ETHUSDTThis is a 1D frame analysis for ETHUSDT As we can see, after dropping the white support line, the price experienced a downward trend and, due to market fear and high selling pressure, was unable to break back above our line and stabilized below it. However, currently, with the price lingering around our support zone for the past few days and the indecisive market, we can consider two scenarios. Scenario one: If the bulls can push the market back above the first resistance zone, we can be hopeful that the price won't drop further than this dip. Scenario two: If the price is unable to break back above the support line and the bears push the market below the first support zone, we can then see the next support zones.
by MarsSignals
ETH IS LIKELY TO DROP FURTHER LOW???Hello, Traders. I'd like to provide a quick update on Ethereum (ETH) in a 2-day timeframe. As we're well aware, the cryptocurrency market often takes cues from Bitcoin (BTC). Recently, when BTC experienced a sharp drop from FWB:29K to FWB:25K (a -13% decrease), Ethereum (ETH) and other major altcoins followed suit. ETH, for instance, went from $1808 to $1540 in a single day, marking a -14% decline. While ETH hasn't yet retraced to the $1800 range, it has found some stability around the $1600 mark. Now, if we take a step back and examine ETH on a longer 2-day chart, we can see that ETH is currently trading between support and resistance trendlines. According to this chart, for the pattern to be complete, ETH may need to reach the support zone. If this occurs, I anticipate ETH could potentially reach the $1300 range, which might be its bottom point. That's the latest update from us. Please feel free to share your thoughts in the comments. Wishing you favorable trading hours ahead. Best regards, Team Dexter
COINBASE:ETHUSDShort
by Dexter_The_Trader
4