The ETH/USD bounced off the bearish channel resistanceThe regulator does not appear to be planning to deny the applications of nearly twelve companies, including ProShares, Volatility Shares, Bitwise, and Roundhill, that have recently filed to introduce Ether futures ETFs, according to a Bloomberg report from August 17 that cited unnamed sources with knowledge of the situation.
The ETH/USD bounced off the bearish channel resistance and is trading again above $1600.
The next bullish swing could test the resistance of 2 trendlines near the $1900 confluence zone. The short-term target is $1760 support.
Ethereumforecast
Ethereum Bounce @ Weekly Resistance Zone $1,915 🗞️The Monthly candle is a Doji candle and with Eth's recent rise has returned back to Break Even on the Month. I'm anticipating that we will have some trouble breaking the $1,915 Weekly supply zone created on the week of May 29th. Ethereum's recent rise of 17% compared to Bitcoin's 25% has been quite disappointing for a smaller market cap cryptocurrency. Although we have broken out of a recent Bearish channel, I can see price pulling back before heading towards medium term highs at $2,121. Additonally we can observe the 2 most recent daily candle's have are shooting star - like candles. The top wick's on each candle being larger than the body of the candle. A Coincidence that these candles have printed at our weekly supply zone $1,915?
Bearish Monthly target for July is $1,660
Favoring Downside Because of Weekly Market Structure Pointing down.
Target's through rest of June and July are
Take profit 1 : $1,786
Take profit 2 : $1,730
Take profit 3 : $1,660
If Wrong, Firstly Cut losses short and the Bullish Monthly target for July is $2,121
📈Ethereum prediction, end of Price correction? 📉BINANCE:ETHUSDT
COINBASE:ETHUSD
Hello dear traders!
Three drives pattern is either bullish or bearish. Since it is a reversal pattern when it fails, the three drives pattern indicates a strong continuation of the current trend.
Divergences are marked on the chart!
✌💥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.🍾🤑
Middle-term trade for Ethereum ETH priceEntry $1831
Stop $1739 (-5%)
Take profit $2794 (+52%)
Potential profit/loss ratio = 10.5/1
So far, the ETHUSDT price is in consolidation in a strong liquidity zone. After the price fix is above $2020, growth may accelerate.
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Ethereum -> Buy Low And Sell High!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 the weekly bullish trendline and also forming a continuation symmetrical triangle pattern I am just waiting for a bullish breakout before I then do expect more upside potential.
The daily timeframe on Ethereum is currently bearish though so I am waiting for a breakout of the decending channel formation and a break above previous resistance and then the daily is also ready for a bullish rally.
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 -> Last Bounce Before A Strong MoveHello 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 the weekly bullish trendline and also forming a continuation symmetrical triangle pattern I am just waiting for a bullish breakout before I then do expect more upside potential.
Looking at the daily timeframe you can see that Ethereum is once again retesting support at the $1825 level - I am therefore waiting for another bullish rejection and a break above the daily downtrendline and then also the daily timeframe is ready for a pump.
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 -> Consolidation Before Pump?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.
Looking at the weekly symmetrical triangle which is usually a continuation pattern I am now just waiting for a bullish breakout and then we are heading for new highs in 2024.
The daily timeframe on Ethereum though is pretty slow recently and this is certainly not the time for us as traders to enter stupid positions so I am simply waiting for volatility to come back and then I am looking for longs on Ethereum again.
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 prediction, 2K or 1.6K? 📉BINANCE:ETHUSDT
COINBASE:ETHUSD
Hello dear traders
Three drives pattern is either bullish or bearish. Since it is a reversal pattern when it fails, the three drives pattern indicates a strong continuation of the current trend.
Divergences are marked on the chart!
✌💥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.🍾🤑
EthereumUSD Will Rise Higher to 2600 and then 4250,before...ETH Bulls to Target $1,950 on Sentiment toward Crypto ETFs
While staking inflows and US economic indicators will draw interest, ETF-related news will remain a focal point.
Bullish throughout the morning, ETH rose from an opening price of $1,828 to an early afternoon high of $1,879. Coming up against the First Major Resistance Level (R1) at $1,874, ETH eased back to end the day at $1,853.
This morning, ETH was up 1.35% to $1,878. A mixed start to the day saw ETH fall to an early low of $1,843 before rising to a high of $1,879. The First Major Resistance Level (R1) at $1,879 capped the upside.
ETH Technical Indicators
Looking at the EMAs and the 4-hourly candlestick chart (below), it was bullish signals. Ethereum sat above the 50-day EMA, currently at $1,856. The 50-day EMA pulled away from the 100-day EMA, with the 100-day EMA widening from the 200-day EMA, delivering bullish signals.
A hold above the 50-day EMA ($1,856) would support a breakout from R1 ($1,879) to target R2 ($1,904) and $1,950. However, a fall through the 50-day EMA ($1,856) would bring the 100-day EMA ($1,837), S1 ($1,828), and the 200-day EMA ($1,828) into view. A fall through the 50-day EMA would send bearish signals.
Resistance & Support Level
R1 – $ 1,879 S1 – $ 1,828
R2 – $ 1,904 S2 – $ 1,802
R3 – $ 1,955 S3 – $ 1,751
Strategy Bullish
3Lots
2 Lots will be excecuted at Profit Target Zones
1Lot will follow the Trend
It will be only!!! excecuted ,if Bullish Trend changes
The stops will be delivered as soon as possible to break even,better some pips above the Buyinh price
I have marked my profit targets
Psychology:
1:The price is always right
2The Market is alwas right
3 The Chart is always right
4 IGNORE THE NEWS; Plan your trades and trade your plan.
5Drawdowns are partof the game
6 Risk management and money mangement is King!
7 wHATEVER HAPPENS;sTICK TO YOUR PLAN!
8 In a bear market no price is weak enough
9 In a bull market no price is strong enough
10 Patience !Wait for confirmation: Control emotions and tensions.
Ethereum -> Will The Cluster Actually Hold?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.
The weekly structure level at the $2000 area is still pressing Ethereum but eventually I also do expect a break above this level and then simply more weekly bullish continuation.
Looking at the daily parallel rising channel on Ethereum you can see that Ethereum is currently retesting the lower support, market structure is still bullish but we could certainly see a break below the level and then I am using every dip to buy more Ethereum.
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 at trend line support.Ethereum - 24h expiry - We look to Buy at 1887 (stop at 1849)
Daily signals are mildly bullish.
Trend line support is located at 1880.
We look to buy dips.
The sequence for trading is higher highs and lows.
A lower correction is expected.
Our profit targets will be 1989 and 2029
Resistance: 1940 / 1970 / 2000
Support: 1900 / 1880 / 1860
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Bullish Surge: BTC and ETH Soar with Inverse Head and Shoulders!Bitcoin (BTC) is looking positive today, thanks to the emergence of an inverse head and shoulders pattern. The successful rebound from the 29,500 USD resistance level indicates a robust pattern in full swing, setting the technical target at approximately 30,630 USD.
Remarkably, Ethereum (ETH) is also displaying a similar pattern on its chart, signaling a potential boost for ETH in the short term. This bullish setup suggests favorable price movements for both BTC and ETH, creating enticing opportunities for traders and investors. The target for the inverse head and shoulders pattern in ETH is expected to be around the 1954 mark.
Ethereum Weekly Key LevelsEthereum started forming a symmetrical triangle on the weekly timeframe. The breakout of this pattern will occur with the weekly candle closing above the $2025 level.
At the same time, Ethereum, which fully adapts to the moving averages, especially in the weekly time frame, will make a weekly candle closing above $2025, which will mean that it will break the moving average. The first target after this breakout will be the $2531 resistance. If this resistance is exceeded, the next target will be the $3417 resistance. In this scenario, we will watch the moving averages specifically for pullbacks. (WMA40, WMA120)
In a possible breakout, the negative scenario will target the RMA200 level of $1176. This target will only be active at the close of the weekly candle below $1700.
ETHUSD Analysis 16July2023for a moment there is a bullish trend that is more dominant, but if you look at the shape of the swing that has been formed, it could be soon entering a correction period. if you want to go long for the long term, it is better to hold back or maybe buy with the adjusted dollar cost averaging method.
Ethereum -> Now Breaking The $2000 LevelHello 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 there is a chance that from here we will start the next crypto bullrun.
Looking at the weekly timeframe you can see that Ethrereum is slowly channeling higher and in confluence with the bullish moving averages I simply do expect more bullish pressure.
Exactly 3 days ago Ethereum perfectly broke daily resistance towards the upside which is now of course turned support so with the current retest of the $1940 level we could see another rejection higher.
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:
Negative Money Flow Index for ETH - Explore AlternativesI write to you with caution regarding Ethereum (ETH) and its current negative dropping Money Flow Index (MFI).
As many of you know, the MFI is a popular technical indicator used to measure the strength and direction of money flowing in and out of an asset. It provides insights into market sentiment and can help identify potential buying or selling opportunities. Unfortunately, the recent MFI trend for ETH has raised concerns and warrants our attention.
Over the past few weeks, ETH's MFI has shown a consistent negative drop, indicating a significant outflow of money from the asset. While market fluctuations are common in cryptocurrencies, it is crucial to acknowledge this downward trend and consider its implications for your investment strategy.
Therefore, I urge you to step back and reevaluate your portfolio allocation, especially regarding ETH. While Ethereum has undoubtedly been a pioneer in the blockchain space and has witnessed remarkable growth, it is essential to remember that diversification is the key to long-term success in any investment venture.
Given ETH's negative dropping of MFI, I strongly encourage you to explore alternative asset classes within the cryptocurrency market. By diversifying your holdings, you can mitigate risks associated with a single asset's performance and potentially capitalize on emerging opportunities elsewhere.
Consider allocating a portion of your portfolio to other promising cryptocurrencies demonstrating positive signs and growth potential. Conduct thorough research and analysis, considering factors such as market demand, technological innovation, and the team behind each project. This approach will help you make informed decisions and reduce the impact of any adverse trends affecting a particular asset.
Remember, the cryptocurrency market is highly dynamic and ever-evolving. As traders, we are responsible for adapting and staying ahead of the curve. By considering alternatives to ETH and diversifying your investments, you can better position yourself to navigate the market's ups and downs while potentially maximizing your returns.
Ethereum -> Better Than Bitcoin?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 there is a chance that from here we will start the next crypto bullrun.
The weekly timeframe on Ethereum is clearly bullish with Ethereum trading in a decent rising channel and now sitting at the support trendline so I simply do expect a weekly push higher.
But as you can currently see, the daily timeframe on Ethereum is not looking that strong at all - therefore I am waiting for Ethereum to break above the daily $1950 resistance level and then we are also back to a daily bullish market.
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: