Ethereumforecast
Ethereum ($ETH) Market Situation
The overall market situation for Ethereum remains consistent. The asset is still trading on an upward trend, closely mirroring Bitcoin's movements.
Presently, ETH is hovering around the resistance zone of $2,090-$2,142. If this resistance is broken, it could enable buyers to quickly elevate the ETH price to new highs, possibly reaching the $2,200-$2,300 range.
On the flip side, if Bitcoin undergoes a correction, it's likely to similarly impact Ethereum's price, potentially driving it down to support levels around $1,852-$1,915, $1,791, $1,705, and even $1,630-$1,672.
ETHUSD Bullish JornalsHi, to my analysis.
We have another perfect bullish setup at my analysis,
this is continuation from all my previous analysis on ETH .
CRYPTOCAP:ETH break up symmetrical triangle pattern, this mean bullish still perform with a strong wave.
target for symmertical triangle pattern at $2,316.
My trading plan is simple,
wait after we have pullback at :
Fibonacci 0.256 same level as previous high at $2,053
Fibonacci 0.382 same level at CSR at $2,030
or you may enter now at current price.
If we have a new pattern at lower timeframe or any key level, I will update this chart.
This analysis is my last analysis for this bullish wave at ETH, the reason for that is simple,
better updating than post a new analysis.
So make sure you support this analysis to get notification on every update .
Join the Excitement: Long ETH as It Aims for $2100!Brace yourselves, because ETH is on the verge of a major breakthrough! Analysts and experts are predicting that ETH's next target is an impressive $2100, and the excitement is palpable!
Why am I so thrilled about this? Well, let me tell you why this is an opportunity you don't want to miss. ETH has been making remarkable strides lately, with its value steadily climbing and its market dominance growing stronger. As one of the most influential cryptocurrencies out there, ETH has proven itself time and again as a force to be reckoned with.
Now, as the market sentiment turns increasingly bullish, it's the perfect time to consider going long on ETH. This exciting surge towards $2100 presents a golden opportunity for you to ride the wave and potentially reap substantial profits. Whether you're an experienced trader or just starting out, this is a chance to capitalize on the upward momentum and be part of the ETH success story.
So, how can you take advantage of this thrilling moment? It's simple! By going long on ETH, you can position yourself to benefit from its anticipated rise to $2100. Don't let this opportunity slip through your fingers. Seize the moment and make a move that could potentially transform your financial future.
Here's your call-to-action: Act today and open a long position on ETH. Whether you prefer trading on a reputable exchange or utilizing a reliable trading platform, make sure you have the tools and resources necessary to capitalize on this exciting market movement. Remember, timing is crucial, so don't delay!
Join the growing number of ETH enthusiasts who are eagerly anticipating its ascent to $2100. Let's ride this wave of excitement together and make the most of this incredible opportunity!
If you have any questions or need assistance in getting started, feel free to reach out. I'm here to help you navigate this thrilling journey towards $2100 and beyond.
Ethereum (ETH) Price Targets $2,500 As Exchange Outflows Hit $1Ethereum (ETH) price climbs above $20,90 backed by increased risk appetite among 200 largest whales who now hold over 50% of ETH’s available supply.
Ethereum price has been bullish since the pullback to $1,900 earlier this week which had been triggered by the saga surrounding the ouster of the founder and the CEO of Binance, Changpeng Zhao. Most cryptos rolled back as investors reacted to the developments at the largest crypto exchange by volume.
Ethereum Price At A Crossroads
The four-hour chart shines a light on the current technical situation, where Ethereum price is facing resistance from a likely double-top pattern. Therefore, higher support, as established from the fundamental aspect of the market, is paramount for the continuation of the uptrend to $2,500.
If Ethereum price bows to selling pressure due to the double-top pattern a swing low could follow to sweep liquidity possibly as far as $1,900 ahead of the next breakout.
However, the Relative Strength Index (RSI) reveals that buyers have the upper hand. With a strength of 66 and still trending north, a return to the overbought region is plausible and could invalidate the bearish theory for a quick rebound above $2,500.
Will Ethereum (ETH) Maintain Its Upward Trend Ethereum (ETH)
Ethereum is currently trading within a broad sideways range between the support zone of $1,852-$1,915 and the resistance zone of $2,090-$2,141. Despite showing promising growth on November 10, Ethereum has not yet updated its yearly high.
Currently, Ethereum's primary objective is to maintain its upward momentum. Beyond the existing resistance zone, there's a seller's level at $2,200, and further up, the $2,300 mark stands as the next target for buyers.
A potential correction in Bitcoin's chart could similarly impact Ethereum's price. If a downturn occurs, Ethereum might test lower support levels at $1,790, $1,705, and in the range of $1,630 to $1,672. It should be noted that Ethereum's price corrections could be more severe compared to Bitcoin's. Nonetheless, Ethereum has a higher potential for an upward trend.
ETHUSD Road to $2529 part 2last night Ethereum drop to fibonacci 0.618 support at $1961
with this price action, bullish continue and perform a new fibonacci pattern with a new symetrical triangle.
Opening a long position at symetrical triangle support have 3 target :
1. $2101 at symetrical triangle resistance (intraday setup)
2. $2252 at fibonacci 1.618 projection
3. $2398 at symetrical triangle projection.
with this target, ethereum getting closer to our main target at $2529.
Don't forget to like this analysis,
If you have any question, do not hesitate to contact me
Your support at this analysis will also support ETHUSD to reach bullish target
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ETH's Phenomenal Bullish Flag and Your Chance to Long ETH!Ethereum (ETH), that unstoppable force of innovation and decentralized potential, has just experienced a jaw-dropping bullish flag after an outstanding breakout. This unprecedented event has set the stage for an extraordinary opportunity, and I couldn't contain my excitement any longer - it's time for you to long ETH!
A bullish flag breakout is like witnessing a majestic creature soar high above the clouds, defying all limits and embracing its full potential. It's an adrenaline-fueled rally that propels ETH to new heights, and guess what? That time is now! With this awe-inspiring bullish flag, ETH's potential knows no bounds; it's soaring skywards, ready to rewrite the history books once again.
But what makes this breakout even more thrilling is the dawn of a new era for Ethereum. With the launch of Ethereum 2.0 just on the horizon, we are witnessing a groundbreaking transformation that will revolutionize the world of decentralized finance and elevate ETH's value exponentially.
Now, fellow traders, it's time to seize this incredible moment. Let your excitement power your actions! Take your stand, and join the long ETH movement without hesitation. This is your opportunity to be part of a revolutionary journey, a journey that could change your financial landscape forever.
So, don't let this extraordinary bullish flag fade away without taking a leap of faith. Remember, legends aren't created by sitting on the sidelines - they are made by seizing the opportunities in front of us. Long ETH today and become part of this awe-inspiring story that's unfolding before our very eyes!
ETH Breaks Through $2000 with Blackrock's New ETH ETF!
I'm thrilled to share that Ethereum (ETH) has just shattered the $2000 mark, and the excitement doesn't end there. Blackrock, the renowned investment management firm, has recently announced the launch of their brand-new Ethereum Exchange-Traded Fund (ETF). This development is a game-changer for the crypto market and presents an incredible opportunity for all of us.
ETH's breakthrough beyond $2000 is a testament to its growing popularity and widespread adoption. With the backing of Blackrock, a giant in the financial industry, this milestone further solidifies Ethereum's position as a leading digital asset. The launch of their ETH ETF is a clear indication of the increasing institutional interest in cryptocurrencies and the immense potential they hold.
Now, you might be wondering, what does this mean for you as a trader? Well, it's time to seize the moment and consider going long on ETH! The combination of ETH's remarkable price surge and the introduction of Blackrock's ETH ETF opens up a world of possibilities. It's an ideal time to capitalize on this bullish trend and potentially reap substantial profits.
So, why should you consider long positions on ETH? Here are a few compelling reasons:
1. Institutional Confidence: With Blackrock's entry into the Ethereum market, it's evident that major financial players are recognizing the long-term value and potential of ETH. This institutional confidence can act as a catalyst for further price appreciation.
2. Market Momentum: ETH's recent breakthrough is a testament to its growing demand and market momentum. As more investors flock to Ethereum, the upward trend is likely to continue, potentially leading to even greater gains.
3. Diversification: Adding ETH to your portfolio provides diversification, reducing risk and offering exposure to a rapidly expanding asset class. With Blackrock's ETH ETF, you can now access Ethereum's potential without directly holding the underlying asset.
Now is the time to take action and make the most of this exciting opportunity. Consider long positions on ETH, keeping in mind your risk tolerance and investment strategy. As always, it's essential to conduct thorough research and consult with your financial advisor before making any investment decisions.
Remember, the crypto market is known for its volatility, so it's crucial to stay informed and adapt your strategy accordingly. Keep a close eye on market trends, news updates, and any regulatory developments that may impact the crypto space.
Wishing you a prosperous journey as you navigate the exciting world of cryptocurrencies!
Happy trading!
ETHEREUM: $2K POSSIBLE!!!Hello Traders,
Let's dive into an Ethereum update in a 2-day timeframe.
Ethereum has been on a remarkable upward trajectory for the past 20 days, and we're yet to see any significant correction in the market. While we've all been anticipating a healthy correction, it appears that ETH still has some momentum left to potentially reach the $2,000 mark. Looking at the chart, it's evident that Ethereum has broken above the resistance trendline, setting the stage for a potential move to $2,000, where we encounter robust resistance. In the event of a correction from this point after reaching $2,000, I anticipate ETH could retrace to the support range of $1,750 to $1,800.
Key Takeaways:
1. The $2,000 mark may be on the horizon if the bullish trend continues.
2. We're still awaiting a market correction.
3. Expect potential support around $1,750 to $1,800.
That wraps up this update. I trust you've found this information valuable. This video is for educational purpose only, do not consider this as financial advice. Please show your support by liking, sharing, and subscribing.
Thank you for your time, and happy trading!
ETH ☀️ 24-Hour & 1-Week Outlook - We're Going Up? Mixed trading conditions on the global crypto market in the next 24 hours. 🌦️ Cloudy bearish trading conditions ☁️ lie ahead for Bitcoin, Ripple’s XRP, Cardano, and Binance Coin, while ☀️ sunny bullish conditions lie ahead for Ether, Litecoin, and Dogecoin.
Over a one-week horizon, the ☀️ sun will shine over the entire crypto sphere, indicating strong upside potential. Only Polkadot is set to face a ☁️ cloudy bearish trend, as ATTMO shows.
Follow us for more crypto weather reports!
Ethereum / Bitcoin Trying to Find a SupportEthereum's current pullback presents an intriguing scenario.
The BITSTAMP:ETHBTC price seems to be seeking support in the range where it retraced during the mid-summer of 2022.
Currently hovering around 0.05, this level stands as a crucial support zone.
If Ethereum maintains above this mark, a potential climb to 0.058 and beyond becomes feasible.
On the flip side, dropping below 0.05 might extend the downtrend. The next moves are uncertain, so stay tuned and observe the market dynamics closely.
Total Crypto While everyone will be looking to go to NEW HIGHS this next bull run.
I would advise caution.
I would recommend everyone watch for these other two scenarios and worry about them 1st.
#1. Quite possibly you see a Lower high in the range of $2t as shown by the first level marked in red line.
#2. I would watch for a DOUBLE TOP on Total.
Until both of these scenarios are invalidated I would recommend paying closer attention to them for your reality on WHEN to take profits vs only thinking about the Euphoric Valhalla ending.
ETH Facing Critical Support at $1760, Will it Hold?Ethereum’s price has been violently breaking past resistance levels during the recent surge. However, for the long-term trend to be considered bullish, one obstacle still needs to be overcome.
On the daily timeframe, the price has been steadily ascending since rebounding from the $1,550 support level and the lower boundary of the substantial descending channel. Notably, both the $1,750 level and the 200-day moving average, positioned around the $1,800 mark, have been decisively breached on the upside.
The market is presently on track to test the upper trendline of the channel, and should a bullish breakout occur, Ethereum is likely to trade above $2,000 once again in the near future.
While the price has managed to break and subsequently retest the $1,750 support level, it is encountering challenges in advancing further.
Given the current choppiness in PA and the overbought signal indicated by the relative strength index, the possibility of a retracement back to the $1,750 level or even lower cannot be discounted. After a relentless rally, the market may be due for a correction or consolidation phase.
Ethereum’s price has been rallying aggressively over the past few days, running toward the $2,000 key level. It is wise to analyze the futures market sentiment and determine whether this rally would be sustained.
This chart represents the Ethereum funding rates, which is one of the most useful futures market sentiment indicators, determining whether the buyers or sellers are executing their orders more aggressively. Positive values show bullish sentiment, and conversely, negative values are associated with a bearish sentiment.
Evidently, the funding rates have been positive for some time now, which is positive as it shows traders are aggressively buying. However, the metric has spiked massively in recent days not withstanding the surged.
This can point to a probable correction or even a reversal as a result of a long liquidation cascade, which might begin in case of a small price pullback. Therefore, investors should be extremely careful and manage their risk, as a flash crash could be on the horizon.
Trade Setup: Ethereum 15 Month Ascending Triangle BreakdownEthereum's price performance has ultimately been disappointing following the merge in 2022. Last week's futures ETF news was not enough to save it from breaking down from the ascending triangle, which price has been consolidating within for 15 months now with declining volume. The ETH inflation rate has recently risen because of declining on-chain activity. A few days ago, the Ethereum foundation sold 1700 ETH from their reserves for USD, which may indicate that they anticipate some short-term bearishness. ETHBTC has been making new monthly lows and looks like it is heading towards capitulation below 0.05, this will further fuel the dump on ETHUSD.
As for price targets, there is horizontal support between 1300 and 1100 that correlates with Fibonacci levels. I am eyeing this to take profit and don't expect a return to bullishness until sometime after the BTC halving in 2024.
If you enjoyed this trade setup, be sure to follow me
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
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.
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
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
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