ETHSend to $3,200 is coming. We are missing the 5th wave here of the HTF 3.
I don't make the rules guys. Send it Higher.
Ethereumforecast
ETH Short-Term Bullishness ☀️; Bearish Trend in 3 Days ☁️Mixed trading conditions lie ahead in the next 24 hours, with Ethereum and Binance Coin profiting from a bullish sun, indicating upside potential. The price of Ether already added 1 percent to 2,330 dollars. Yet, bearish clouds are lingering over Bitcoin, Litecoin, XRP and Avalanche in the next 24 hours.
Over a one-week horizon, the trading conditions will improve for Bitcoin, which should profit from this bullish sun. However, most of the other altcoins covered by ATTMO will face bearish clouds and downside pressure over this longer time horizon.
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ETH Sees Bullish ☀️ In the Next 24 Hrs; Bearish ☁️ In 1 Week Ethereum, Ripple’s XRP and Cardano will profit from a bullish sun in the next 24 hours, according to ATTMO.
The Hong Kong-based asset manager Venture Smart Financial Holdings (VSFG) plans to apply for a spot Ether ETF in Hong Kong during the second quarter, conditional on the approval of its spot Bitcoin ETF during the first, the Block reports.
The price of Ether rose 1.5 percent to 2,306 dollars over the past 24 hours.
Meanhile, Bitcoin, Binance Coin and Avalanche are set to face bearish clouds over the same time horizon.
Over a one-week horizon, this bullish sun will shine over Bitcoin, Dogecoin and Polygon, signaling upside potential. Bearish clouds will, however, sweep over Ether, Litecoin, XRP, Cardano and Binance Coin, indicating downside pressure ahead.
ETH Bullish Day and Week Ahead ☀️Cryptocurrencies rallied over the past 24 hours as investors poured in fresh cash, bolstered by the benchmark S&P 500 index hitting a new all-time high on Monday. They are also waiting for new signals from the Federal Reserve meeting up on Wednesday, regarding the up-coming rate cuts in the US.
The price of Ether was up 2.5 percent over the past 24 hours, and it has even more upside potential over the next week. According to ATTMO, a bullish sun will shine over Ethereum, Bitcoin, Binance Coin and Ripple’s XRP in the next 24 hours, while bearish clouds will linger over Avalanche, Dogecoin and Polkadot.
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ETHUSD Next Sell opportunity 17531.0ETHUSD Next Sell opportunity 17531.0
Target will be Depends on entries. Recommend 17659.5. Wait for confirmation....................
SL ( Set a uniform set of 15$ ) only for your reference and you can set it according with your free margin
ETHUSDPair : ETHUSD ( Ethereum / U.S Dollar )
Description :
Completed " 1234 " Impulsive Waves and Rejecting from Daily Demand Zone or Fibonacci Level - 38.20%. Break of Structure and Completed the Retracement. Break out of Upper Trend Line of Consolidation Phase to make Fake Breakout. Strong Divergence in RSI
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.
ETH ETHEREUM Technical Analysis and Trade IdeaEtherium has entered a notable support zone, prompting a discussion in this video regarding two potential trade scenarios. The first involves the market being somewhat overextended, presenting a potential buy opportunity as it interacts with support. The second scenario considers a retracement back up into resistance, offering a potential sell opportunity. Throughout the video, we analyze the prevailing trend, market structure, and price action. It is important to note that this content should not be construed as financial advice and is intended solely for educational purposes.
ETH - Bearish ☁️; Price Under Pressure? Time to Short? Bearish clouds and rain linger over the global crypto market in the next 24 hours, indicating downside risks. Particularly Ethereum will come under pressure, ATTMO shows. The price of Ether fell 5 percent to roughly 2,230 dollars.
Ripple’s XRP, Cardano and Dogecoin, however, have upside potential over this time horizon.
Over a one-week horizon, the bearish trading trend will extend to all crypto coins covered by ATTMO, with the exception of Dogecoin which is likely to have additional upside potential.
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ETHETH came back to retest it's major support at 2400.
Currently ETH price is a little bit below of it's support around 2370.
Looking for a consolidation & breakout for entry.
ETH Ethereum Potential Rally soon!I told you about the 'buy the rumor, sell the news' strategy on Ethereum after the Bitcoin ETF approval in the last article
We approached the price target of $2330 last Friday, and I believe that was the last dip for now!
With the stock market at an all-time high, I anticipate crypto assets to follow suit.
Elon Musk is likely to implement Bitcoin, Ethereum and Dogecoin to his new platform, X Payments.
So, yes, exciting times ahead!
According to Elliott waves, the price target for ETH should be $2600.
ETH - Time For PULLBACK /Buy Back Zones📉Hi Traders, Investors and Speculators of Charts📈
Ethereum has recently taken the spotlight with an amazing 21% increase. If you missed the rally, don't worry! Look for a lower buy back zone while ETH undergoes a correction back to support zones.
From a 4h perspective, there is a clear local topout meaning sellers have taken control. There is a strong resistance zone at 2800, and the price will have to find support lower before attempting to go to 3k.
I've pointe out two potential bounce zones / support areas / buy back zones for Ethereum to test before reattempting 3K resistance zone.
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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CryptoCheck
BINANCE:ETHUSDT
Ethereum Accumulations Soar As ETH Price Slips Below $2,500Ethereum, one of the most prominent tokens, witnessed significant whale accumulations as CRYPTOCAP:ETH price continues to record a fall.
In an exciting turn of events witnessed within the cryptocurrency landscape, Ethereum whale accumulations appear to be on the rise as the token’s price has recently noted a significant downturn. As per on-chain data surfacing over the crypto horizon, two prominent whales appear to be on a buying spree, accumulating Ethereum at price dips. These whales have previously been observed accumulating CRYPTOCAP:ETH at price lows, thereafter selling them at price highs, nabbing noteworthy profits.
Meanwhile, as the accumulations emerge amid the token’s price plunge, market sentiments for Ethereum are taking a thrilling twist, hinting at bolstered prices shortly ahead.
A Closer Look Into The Report
According to the data revealed by Spotonchain, a platform offering blockchain tracking insights, the two whales, 0x347 and 0xc47, accumulated colossal amounts of ETH today, January 19. Aligning with this, the whale 0x347 withdrew 3,600 ETH, worth $8.84 million, from Binance at $2,456. Whereas, the whale 0xc47 accumulated 5,580 ETH, worth $13.76 million, from Coinbase.
Intriguingly, these whales have been noted, accumulating similar amounts of ETH and converting them into profits in the past. The whale 0xc47 returned after two years of dormancy within the market, jotting an estimated gain of $31.1 million with ETH between September 8, 2020, and March 9, 2022. Meanwhile, the whale 0x347 was noted, accumulating ETH during last year’s bear market, further depositing it to CEXs amid price rises.
As of writing, the Ethereum price showcased a significant fall in the past 24 hours, dropping 2.09%, reaching $2,447. Moreover, its weekly chart also showcased a plunge of 4.92%, aiding the whales in buying the dip. However, the token’s 24-hour trading volume marked a substantial upswing of 15.28% and is currently resting at $11.93 billion. The surge in trading activity mirrors the recent whale chronicle, building additional inferences for the token.
ETH Faces Downside Risks; 24H, 3D & 7D Horizons Look ☁️ The latest upgrade of the Ethereum blockchain, Dencun, went live on Wednesday. It did, however, face some technical glitches which were eventually fixed.
The price of Ether dropped 0.3 percent over the past 24 hours to 2,450 dollars.
Mixed trading conditions lie ahead for the global crypto market in the next 24 hours. Bearish clouds linger over altcoins such as Ether, Cardano and Avalanche, as forecasted by ATTMO.
Over a one-week horizon, these cloudy skies will also prevail over Bitcoin and XRP, signaling downside risks. This bearish trading trend will extend over Ether, Litecoin, Cardano and Avalanche.
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ETH Waiting for the next movesEthereum reached a resistance area, and to continue the pump it need to flip it into support. A rejection here could probably lead to price to new lows. I will wait a moves before entering a trade
Ethereum's Price Surge and the Path Ahead
Ethereum ( CRYPTOCAP:ETH ) has emerged as a resilient force, defying broader market trends with a nearly 2% gain in the past 24 hours. The surge in Ether's price, currently hovering around $2,651, is notable against the backdrop of sharp pullbacks experienced by major tokens, including Bitcoin. This positive momentum comes on the heels of the Securities and Exchange Commission's (SEC) recent approval of multiple spot Bitcoin exchange-traded funds (ETFs), signaling potential optimism for Ethereum's future.
Ether's Impressive Rally:
Since the SEC's approval of spot Bitcoin ETFs, Ethereum has rallied above the $2,600 mark, capturing the attention of market participants. This price surge has propelled the supply of Ether in profit to a multi-year high, currently standing at an impressive 89.4%, a level not seen since 2021. While this statistic may evoke optimism, on-chain analysis suggests potential short-term price correction risks that could impact the second-largest digital asset by market cap.
Short-Term Correction Risks:
Despite the bullish sentiment, concerns arise as The Block's Data Dashboard highlights the elevated circulating supply of Ether in profit. The question looms: Could this heightened supply encourage traders to take profits, triggering a short-term correction in the digital asset's price? Analysts warn of a cautious approach, emphasizing the need to monitor market dynamics closely.
The SEC Effect and Speculation:
The recent SEC approval of spot Bitcoin ETFs has fueled speculation regarding a potential spot Ether ETF in the near future. André Dragosch, Head of Research at CRYPTOCAP:ETC Group, points to this development as a bullish catalyst for Ethereum. The prospect of an Ether ETF could attract institutional interest and further legitimize the digital asset, potentially paving the way for sustained upward momentum.
Stabilizing Factors and Long-Term Outlook:
Despite the short-term correction risks, Dragosch contends that the current high in Ether's circulating supply in profit could act as a stabilizing factor for the token. The reduced incentive to sell among longer-term holders may counterbalance potential profit-taking by weaker hands. This stabilization, in turn, could provide support for Ethereum's ongoing bull market, presenting a nuanced picture for investors to consider.
Conclusion:
As Ethereum continues to navigate the dynamic cryptocurrency landscape, its recent price surge and the accompanying supply dynamics present a complex but intriguing scenario. The SEC's actions and the potential for an Ether ETF add layers to the narrative, shaping Ethereum's future trajectory. While short-term correction risks exist, the stabilizing factors suggest resilience in the market. Investors and enthusiasts alike must stay vigilant, recognizing both the challenges and opportunities inherent in Ethereum's evolving journey.
Ethereum - Looking To Buy Pullbacks In The Short TermH4 - Strong bullish momentum.
Higher highs.
No opposite signs.
Until the strong support zone holds I expect the price to move higher further in the short term after pullbacks.
Ethereum Price to Cross $3k After Bitcoin ETF Approval?
Ethereum ( CRYPTOCAP:ETH ) has seen a remarkable surge in price, briefly breaking past the $2,400 mark today January 10th, 2023 with a notable 10% gain within the weekly timeframe. The rally comes amidst heightened anticipation for a positive Bitcoin ETF approval, despite recent controversies surrounding a false announcement by the U.S. Securities and Exchange Commission (SEC). Let's delve into the dynamics of Ethereum's recent price performance, comparing it to Bitcoin, and explores the potential for CRYPTOCAP:ETH to reach $3,000 post-BTC ETF approval.
Ethereum's Resilient Uptrend:
Despite the crypto market's widespread volatility on January 9, triggered by the SEC's false announcement on Bitcoin ETF approval, Ethereum's price has exhibited a steadfast uptrend. Trading as high as $2,440 on January 10, Ethereum's 11% price growth between January 7 and January 10 outpaced Bitcoin's 4%. This trend has sparked interest among crypto derivatives traders, who are increasingly betting bigger on CRYPTOCAP:ETH compared to BTC.
Derivative Market Metrics:
One key metric indicating Ethereum's potential for further gains is the funding rate. As of January 10, CRYPTOCAP:ETH boasts a funding rate of 0.014%, marginally exceeding BTC's 0.12%. A higher positive funding rate for Ethereum suggests increased demand for long positions in the CRYPTOCAP:ETH derivatives market, reflecting a more optimistic sentiment among traders.
Open Interest Dynamics:
Further supporting the bullish outlook for Ethereum, open interest dynamics reveal a significant divergence between CRYPTOCAP:ETH and BTC. ETH's open interest has surged by 14.6% from $3.71 billion on January 7 to $4.57 billion on January 10, outpacing Bitcoin's more modest 5% boost from $6.4 billion to $7.3 billion. This suggests that new entrants are bringing fresh capital to Ethereum, reinforcing the notion that traders anticipate larger price gains in the days ahead.
Conclusion:
In conclusion, Ethereum's recent surge past $2,400, fueled by strong derivative market metrics and open interest dynamics, paints a bullish picture for the cryptocurrency. As the market eagerly awaits the Bitcoin ETF verdict, CRYPTOCAP:ETH 's resilience and the optimism of derivative traders suggest a potential breakout above $2,500, reaching levels not seen since May 2022. However, investors should remain cautious of potential resistance levels and profit-taking behaviors as ETH aims to reclaim the $3,000 territory.
Ethereum - Bullrun StartedHello Traders, welcome to today's analysis of Ethereum.
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Explanation of my video analysis:
In March of 2017 Ethereum created its first valid breakout followed by a +7.000% rally and a -90% correction thereafter. A couple of months ago Ethereum perfectly retested the previous 2018 high and I am just targeting new all time highs from here. If we get a retracement back to the structure level which I mentioned in the video, I will probably even add to my long position.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
ETH/BTC breaking down due to BTC strength ETH/BTC Is not looking good
⚠️Lost Diagonal Support
⚠️Lost 200 Week Moving Average
⚠️Lost June 2022 lows
Could we see a repeat of the last cycle with a dip into the blue zone for 10 - 12 months with a 30%+ decline? I suspect a shorter timeframe, what do you think? CRYPTOCAP:ETH CRYPTOCAP:BTC
PUKA
ETH Slightly Bearish 24-Hours, More ☁️ & 📉 Next Week? A bullish sun 🌞 shines over Bitcoin in the next 24 hours, heralding the impending decision by the US regulator on spot Bitcoin exchange-traded funds (ETFs). Cardano, Avalanche, and Dogecoin bask in the sunny forecast ☀️, as ATTMO reveals. Meanwhile, Ether, Ripple’s XRP, and Binance Coin encounter bearish clouds ☁️, signaling potential downside risks.
Over a one-week horizon, these bearish clouds ☁️ will sweep over the entire crypto sphere, hinting at looming downward pressure on Bitcoin. 📉
Follow us and stay weather-aware with ATTMO's insights!
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!
$ETH Whales Propelling the Next Bull Run
Ethereum ( CRYPTOCAP:ETH ) has recently emerged as a focal point of attention due to the strategic moves orchestrated by its influential whale community. Over the past month, Ethereum whales have engaged in an intensive accumulation, amassing a staggering 410,000 CRYPTOCAP:ETH units, valued at approximately $920.7 million. This accumulation not only signifies a significant financial commitment but also hints at potential bullish momentum for Ethereum's price trajectory.
Whale-Driven Accumulation:
The accumulation, ranging from 1000 to 10,000,000 Ethereum units, has reached its zenith since at least November 24, 2023. Such a substantial influx of capital into Ethereum has the potential to shift the cryptocurrency's price by a notable fraction, offering traders and investors a compelling reason to take note of Ethereum's current market dynamics.
Price Reaction and Market Performance:
Ethereum's price has experienced a degree of volatility in recent times, reaching a peak above $2,400 on December 9, only to undergo a subsequent bearish correction. At the time of writing, Ethereum is trading at $2,242.80, representing a modest 0.81% increase in the past 24 hours. Despite short-term fluctuations, the ongoing whale accumulation has the potential to reshape Ethereum's growth trajectory, particularly as it exhibits a renewed correlation with Bitcoin.
On-Chain Metrics and Transaction Activity:
Delving into on-chain metrics, Ethereum's Daily Active Addresses have witnessed a 2.21% increase, reaching 480,990, according to crypto analytics platform IntoTheBlock (ITB). Concurrently, Ethereum whale transactions have surged by 15.83% in the past 24 hours, with a staggering $4.79 billion in trading volume. These metrics point to a heightened level of activity within the Ethereum ecosystem, indicating growing interest and participation.
Fundamental Developments:
Beyond the whale-driven accumulation, Ethereum is gearing up for significant updates that could further solidify its position in the cryptocurrency landscape. Ethereum co-founder Vitalik Buterin has highlighted the importance of Layer-2 scaling solutions, emphasizing the development of Ethereum Name Service ( NYSE:ENS ) for these solutions. This strategic focus aims to enhance adoption and user-friendliness, potentially opening new avenues for Ethereum's growth.
Moreover, Ethereum is on the brink of anticipating a spot ETF product, mirroring the broader market sentiment regarding the potential approval of a spot Bitcoin ETF. The approval of such ETFs could usher in a new era for Ethereum, providing institutional investors with additional avenues to participate in the market.
Conclusion:
In conclusion, Ethereum's journey into the next bull run appears to be guided by the concerted efforts of its whale community. The accumulation of substantial CRYPTOCAP:ETH units, coupled with positive on-chain metrics and fundamental developments, positions Ethereum as a cryptocurrency to watch in the coming months. As the cryptocurrency landscape continues to evolve, Ethereum's strategic moves and market dynamics will undoubtedly captivate the attention of traders, investors, and enthusiasts alike.
