Ethereum Quietly bounces off key support Ethereum - CRYPTOCAP:ETH
Bitcoin has been stealing the stage but is quietly confident making firm support in the background
Eth has bounced from a long term diagonal support line and currently challenges the 200 week MA
Hopefully we can turn the 200 MA into support
PUKA
Ethereumforecast
ETHEREUM: WAITING FOR A POSITIVE MOVE.ETH has been under the bullish falling wedge for quite some time and till now it has failed to show any positive move. With the pattern ETH is forming, it will be important for ETH to break above the resistance trendline for a positive confirmation. A breakdown below the supporting trendline will ruin the chart and make things more complicated.
I am expecting a breakout soon. What's your opinion? Let me know in the comments.
Thank you for reading.
Trade safely.
Regards,
Team Dexter.
#ethereum #eth weakened structure...A devastating blow may be approaching near. #ethusdt price formed a long way bearish formation , SHS Shoulder head and shoulder. A short term bounce may be ok but mid term is in dangerous situation. Do not take actions with this chart but already be extra cautious by taking stop loss. NOT FINANCIAL ADVICE.
📈Ethereum analysis, Weekly insight into price behavior📉BINANCE:ETHUSDT
COINBASE:ETHUSD
Hello dear traders.
Due to the increase in trading volume in the last candles, I'm going to do some weekly Ethereum analysis.
In the next few days, Ethereum is expected to stabilize around the 1.6K - 1.75K.
If the price breaks below the mentioned area, the price will drop to the level of 1.5K (probably price receive support here) and then 1.2K.
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ETHUSDT, best time to short. Bears close and open interest fallsHi friends. Looking bearish on Ethereum day timeframe. Bears closing they positions and its a major power of open interest downward position. And what is really nice that its a long term beras going out... i mean its bad for them because it's open a good road to more low prices...
Have a nice day and follow me. Some questions about X-Volume or you want to rent - write private.
Ethereum (ETH) - Crypto Trading - 04. OCT. 2023Welcome to SharedCryptoBot!
Bitcoin (BTC)
Price is turning, we just made a higher wave structure, looking for a turnaround for better long entries.
We will update this post!
Leave us some love and let us know what you think down below <3
SharedCryptoBots
ETH could rise and test resistanceEthereum found strong support in the 1550 zone.
At this moment the price is trying to reach a high above yesterday's one and in this case, a continuation to the upside is probable.
The short-term target for this move is 1750 resistance.
A drop under 1550 would negate this bullish scenario
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!
ETHUSD - Ethereum IdeaAn idea for Ethereum showing a large rounded structure forming above a stronger trend line
A down channel has also formed within this larger structure and I expect a very strong recovery from this channel at $1500 which we are close to.
Rounded structures usually break out bullishly when done.
Ethereum's Next All-Time High: When to Expect ItHi guys,
In the fast-paced world of cryptocurrency, making accurate predictions is both an art and a science. As a self-taught quant trader and investor, I've delved deep into cycle and trend analysis for ETH/USDT. This analysis points towards an exciting turn of events post-November 2023.
Anticipated Bull Market
Based on my trend analysis, it is highly probable that we will witness the commencement of a bull market come November 2023. This projection hinges on a comprehensive assessment of historical cycles and emerging trends.
Two Scenarios, Two Peaks
1. Second Half of 2024:
One possibility is that we might see the value shoot up to its highest point (ATH) in the latter half of 2024. This shows how things can change in the crypto world.
2. First Quarter of 2025:
Another equally good possibility is that we might hit a new all-time high by early 2025.
Both projections are grounded in a meticulous evaluation of market indicators and historical patterns.
While these projections hold promise, it's imperative to remember that the cryptocurrency market is inherently volatile. Flexibility and adaptability are key. Always be prepared to recalibrate strategies in response to unforeseen market shifts.
Feel free to pass along these ideas to your fellow traders and friends. It's awesome to hear different perspectives.
Disclaimer: This content is shared for educational and informational purposes only and does not constitute investment advice.
PS: Please examine the chart on a logarithmic scale. Otherwise, the plots become confusing.
Ethereum: What's Next?In August 2022, the Ethereum Foundation issued a cautionary statement that the forthcoming Paris upgrade would not lead to a decrease in gas fees. As a result, #ether prices experienced a decline of more than 40%.
However, this development also provided a glimpse of the possible upcoming driver for #Ethereum investors: the prospect of reduced gas fees. This has since emerged as a pivotal component that the coming Cancun upgrade, known as EIP-4844 aims to address.
Please note that if you have a long-term belief in #Eth , you are likely to achieve better returns by holding rather than engaging in active trading.
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
Ethereum to continue LowerThe previous overall count remains valid, please find the link attached.
We seem to be bouncing back and forth between the 61.8% and equality of wave c vs. a.
Looking for that one last leg lower into wave 5 of c before considering longs.
Feel free to ask question, please leave a like if you enjoy the content,
Trade safe.
Ethereum -> My New Trading PlanMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Ethereum .
You can perfectly see that just a couple of months ago Ethereum retested the preivous cycle high of 2018 at the plsychological $1000 level. Since then Ethereum already pumped 100%.
However there is still a possibility that Ethereum will once again retest support at the $1000 level and then start the next bullish cycle from there. I will personally buy the dip.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
Ethereum Next Breakout: More Bear?!Hello dear community. Welcome in @Vestinda Ethereum long-term price analysis.
Drawing parallels between 2019 and 2023 in the crypto world is gaining traction for good reason – the charts bear striking resemblance, and market sentiment feels familiar.
Undoubtedly, the markets are entrenched in a broad and substantial accumulation phase. It's broad due to the substantial market volume, and it's substantial because traders and investors are poised to acquire assets at any level, banking on substantial gains in the forthcoming Bull Run.
As of today, Ethereum's price consolidation mirrors a Rising Wedge pattern, evident when scrutinized on the Weekly timeframe using the Log price scale. Much like 2019, we foresee the Wedge breaking to the downside, finding its nadir within a robust support range around the $1000-900 mark.
Further reinforcing the parallels between the two eras, the Relative Strength Index (RSI) underscores comparable price actions in 2019 and 2023. The RSI is trending beneath the downtrend line, suggesting the potential for yet another breakout after a bottoming out.
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Watch these levels for EthereumThe title says it all: These are in my opinion the most important zones for Ethereum. The support is holding the price nicely as we speak. There is however a simple resistance line above us, and there are two mayor zones above it.
All of these have to break before Ethereum can go up parabolically. However, I am long term bullish (for the next two years), so this seems like a good price to buy.
Ethereum -> Is This Still Bullish?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Ethereum 💪
If we are looking at the macro view on the monthly timeframe you can see that Ethereum perfectly retested the 0.768 fibonacci level in confluence with the previous cycle high so everything looks like we are starting the next major bullish crypto cycle.
With Ethereum once again retesting massive weekly structure which is now acting as strong support I do expect another weekly bullish bounce from here.
Finally you can see that Ethereum is creating bearish market structure on the daily timeframe so it is best to wait for some reversal before a weekly and monthly bounce will be quite likely.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Ethereum: one more low before takeoffHello,
looking for one more low to complete wave c of (ii) before we could se any sort of upside resumption.
By making another low we will also touch equality of c vs. a which is usually a place where we can expect support from
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Trade safe!