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Ethereumforecast

Ethereum -> Wait For The Clean BreakHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Ethereum is once again retesting previous weekly structure exactly at the $1800 level which is now turned strong weekly support. You can also see that the overall market structure and moving averages are still bullish, in my opinion the whole crypto market and especially Ethereum is ready for a bullrun, so I simply do expect more continuation towards the upside. On the daily timeframe however you can see that daily market structure turned bearish with yesterday's break below support so I am now just waiting for a simple break back above the structure which is then turned support and then I do expect more continuation towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
BITSTAMP:ETHUSDLong
by basictradingtv
28
📈Ethereum fake bullish scenario📉BINANCE:ETHUSDT COINBASE:ETHUSD Hey everyone, first take a look at my previous analysis and positions. Along with the analysis of Bitcoin, Ethereum can also continue its upward trend up to the stop-hunt range if the price stays above the 1854 level. Consider the impact of the ADP Employment Change & ISM Services PMI & Fed Interest Rate Decision. 5.25% or even lower can pump Btc and Eth. Please share ideas and leave a comment,1 let me know what's your idea. CrazyS✌
Long
by CrazyS
2
Ethereum - 6 Possible Scenarios 🧠What's up, traders! In today's market breakdown, we're mapping out our latest levels to watch for on the ETH 30m chart. Let's dive right in... Ticker: ETHUSDT Date: 05/10/23 Timeframe: 30min Supply: 1875-1890 (1st red zone), 1915-1935 (2nd red zone) Demand: 1780-1820 (green zone) Commentary: Major crypto as of 4PM ET stands exactly where it was before CPI data. Crypto has mainly followed the futures (ES and NQ) with price action today - rejecting supply levels to test major demand and then rallying back to break supply levels. If major crypto is to continue following the futures, we are to see continuation on this move up. With the major pullback that we have seen since last Friday, the risk to reward also favors bullish bias. With that in mind, however, we need to be option to trade all sides and there are a few scenarios we could target from here: ✅ Bullish Scenario 1: you want to see price pull back into the demand zone ~1780-1820 and buyers to emerge again for an upside move, possibly into ~1875-1890 supply or higher. This is the safer upside play. ✅ Bullish Scenario 2: you want to see price break above ~1875-1890 supply zone, pull back to retest this zone and turn it into demand to catch a break and retest for a further upside move, potentially into supply at ~1915-1935. ✅ Bullish Scenario 3: you want to see price rally and break both supply levels, pull back to retest ~1915-1935 zone and turn it into demand to catch a break and retest for a further upside move potentially into last weekend's highs. 🟥 Bearish Scenario 1: you want to see price move up and approach supply again at ~28650-28890, sellers to regain control and possibly catch a retest of this supply zone into demand at ~27660-27960 again. This will be the safer downside play. 🟥 Bearish Scenario 2: you want to see price break demand here at ~27660-27960, retest and turn this demand into supply, and find weakness again for a move into ~26500-27000 demand. 🟥 Bearish Scenario 3: you want to see price break demand at ~26500-27000, retest and turn this zone into supply for a further downside move into ~25300. That's all we got for you in this one. So what do you think? Are you bullish or bearish? Let us know in the comments below! We'll see you in the next one. -The AlgoBuddy Team
by QuantVue
10
Ethereum to find buyers at market levels?Ethereum - 24h expiry - We look to Buy at 1831 (stop at 1781) Daily signals are mildly bullish. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Buying was posted yesterday but levels close to bespoke resistance of 1880 have found sellers. We look to buy dips. Our profit targets will be 1951 and 1971 Resistance: 1860 / 1900 / 1935 Support: 1840 / 1820 / 1800 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:ETHUSDLong
by VantageMarkets
Ethereum - my trading plan revealed!Hello, everyone! In my opinion Ethereum is showing much more interesting potential setups than BTC. Today I am going to show you my trading plan for $BINANCE:ETHUSDT. As you already know from my previous analysis I expect huge dump on Bitcoin and entire cryptomarket in the upcoming days. Looking at the price chart I can conclude that ETH has finished it's corrective wave represented as a zigzag ABC. Now it's printing the impulsive wave 3. Wave 1 inside this wave has been already finished. I assumed this because we can see the reversal bullish squat bar at the very bottom. Now I am waiting for this bullish bar confirmation to open long trade with the target at 0.61 Fibonacci retracement, approximately at $1940. This trade is risky because it's trading on corretive waves, but I will take it. From $1940 I expect the impulsive wave 3 which can reach even $1654. I am also going to catch this move. Best regards, Ivan __________________________________ Follow me and never miss an update👍
by Skyrexio
6
Ethereum -> BoooomHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Ethereum is currently retesting and already rejecting a quite obvious previous weekly structure area at the $1900 level. You can also see that weekly market structure is overall massively bullish, moving averages are also pointing towards more upside potential so I am now just waiting for any retracement before I then do expect a retest of the next resistance level at the $2400 area. On the daily timeframe you can see that over the past couple of days Ethereum actually created a bullish double bottom and with today's candle Ethereum is perfectly breaking above the neckline at the $1930 level, so I am now just waiting for a retest of the neckline before I then do expect more upside continuation. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
BITSTAMP:ETHUSDLong
by basictradingtv
32
Ethereum ETH Price Targets after the FOMC meeting this weekThe upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments. The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak. Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the financial situation is much steadier. Additionally, inflation remains elevated, and with evidence of stubbornness in underlying inflation, it could be in the 4% to 5% range, far above the 2% inflation target. The markets are pricing in a 25bp Fed Funds rate hike to 5.25% at the May FOMC meeting, and given the steadiness in financial markets, persistence in price pressures, and continued decent activity, this could contribute to a further downturn in the crypto market. ETH/USDT short Entry Range: 1800 - 1950 usd Take Profit 1: 1710 usd Take Profit 2: 1620 usd Take Profit 3: 1480 usd Stop Loss: 2150 usd
Short
by BuySellMarketMaker
Ethereum ETH Price Targets after the FOMC meeting this weekThe upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments. The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak. Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the financial situation is much steadier. Additionally, inflation remains elevated, and with evidence of stubbornness in underlying inflation, it could be in the 4% to 5% range, far above the 2% inflation target. The markets are pricing in a 25bp Fed Funds rate hike to 5.25% at the May FOMC meeting, and given the steadiness in financial markets, persistence in price pressures, and continued decent activity, this could contribute to a further downturn in the crypto market. ETH/USDT short Entry Range: HKEX:1800 - 1950 Take Profit 1: HKEX:1710 Take Profit 2: TSE:1620 Take Profit 3: TSE:1480 Stop Loss: TADAWUL:2150
Short
by BuySellMarketMaker
Ethereum -> Wait For The BreakHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Ethereum just recenly broke above a major previous weekly support/resistance area exactly at the HKEX:1900 level which is now turned strong support. You can also see that weekly market structure and also weekly moving averages are bullish and therefore pointing towards more upside potential, so I am now just waiting for some bullish rejection at the zone before I then do expect a next weekl rally towards the upside. On the daily timeframe however you can see that we have the potential to actually create a regular head a shoulders, generally speaking a bearish pattern, so I am now just waiting for some bullish market structure before I then also do expect a next bullish impulse on the daily timeframe. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
BITSTAMP:ETHUSDLong
by basictradingtv
36
ETH - Key Levels To Watch 👀What's up traders! In today's market breakdown, we're mapping out our latest levels to watch for on the ETH hourly chart. No need to beat around the bush, let's dive right in... Ticker: ETHUSDT Date: 04/26/23 T imeframe: 1H Key Levels: Supply: 1935-1965 (1st red zone), 1990-2005 (2nd red zone) Demand: 1800-1825 (green zone) Other key levels: 1875-1890 (1st grey zone) Commentary: First Republic drama had cryptocurrency bulls gain back control of the market yesterday. However, Ethereum has come back to retest demand at 1800 today. Ethereum pretty much satisfied the Bearish Scenario 2 from our last analysis on 04/23/23, except it found demand at 1800 rather than ~1770 - a big psychological level. Currently, we are trading just under ~1875-1890 key zone and supply from the earlier this week that is being respected well. Here are a few trades we could target from here: ✅ Bullish Scenario 1: you want to see price pull back into the demand zone ~1800-1825 and buyers to emerge again for an upside move, possibly into ~1935-1965 supply or higher. Be cautious of the key zone around ~1875-1890 in this scenario. This is the safer upside play. ✅ Bullish Scenario 2: you want to see price trade above this ~1875-1890 zone, retest this zone and turn it into demand to catch a break and retest for an upside move, potentially into supply at ~1935-1965. ✅ Bullish Scenario 3: you want to see price rally and break supply at ~1935-1965, pull back into it to turn it into demand and find strength again for a move into next supply at ~1990-2005. ------ 🟥 Bearish Scenario 1: you want to see price approach supply at ~1935-1965, sellers to regain control and possibly catch a break and retest of this supply zone into the key zone ~1875-1890 or demand at ~1800-1825. This will be the safer downside play. 🟥 Bearish Scenario 2: you want to see price reject here at ~1875-1890 for a move into ~1800-1825 demand. 🟥 Bearish Scenario 3: you want to see price break demand at ~1800-1825, retest and turn this zone into supply for a further downside move into ~1770. That's all we got for you in this one. So what do you think? Are you bullish or bearish on ETH? Let us know in the comments below! We'll see you in the next one. -The AlgoBuddy Team
by QuantVue
4
Is Investing in Ethereum During the Dip a Wise Decision?Since the start of this year, the cryptocurrency market has experienced a remarkable resurgence, surpassing the $1.25 trillion mark after starting at approximately HKEX:800 billion. This market rebound follows a period where investors gravitated towards safer assets, leading to a significant decline in the cryptocurrency market. However, the tables have turned, and many cryptocurrencies still hold appealing long-term prospects, despite their recent recovery. Take Ethereum, for example. Its value has declined in recent days, making it reasonably priced. So, the question is, should you invest now? Let's delve into it. To provide some context, Ethereum is presently the world's second-largest cryptocurrency, with its native token and blockchain that hosts thousands of decentralized applications (dApps). Ethereum dominates the worlds of dApps and non-fungible tokens (NFTs), which is significant because it suggests that Ethereum could play a pivotal role in transforming businesses and even entertainment in the future. Another vital point is that Ethereum attracts more developers to build on its blockchain than any other platform, with over 5,800 monthly active developers using the platform as of April 1, compared to its closest competitor Polkadot's approximately 1,900. This implies that Ethereum could potentially become a world leader in the cryptocurrency industry. Although Ethereum has some flaws, such as its intensive energy usage, slow transaction speed, and high costs, the platform is actively addressing these issues through updates. For instance, the proof-of-stake method of verifying transactions has reduced Ethereum's energy usage by 99%, eliminating the need for excessive computer power to validate blocks of data. Presently, Ethereum is taking steps to enhance its speed and lower costs. It has implemented rollups that bundle transactions together off the mainnet and execute them, resulting in 3 to 8 times lower costs than transactions made directly on Ethereum. However, Ethereum is still working to improve rollup efficiency and aims to achieve transaction costs of under $0.001. Furthermore, Ethereum intends to launch an upgrade later this year that should reduce data storage costs, which account for around 90% of overall transaction costs. Ethereum's shift to proof of stake also has the potential to attract a new category of investors seeking passive income from their investments. The question now is whether investing in Ethereum during its dip is a good idea. The answer depends on your comfort level with risk. If you are an extremely cautious investor, cryptocurrency may not be the best fit for you. The cryptocurrency industry is relatively new, and it is challenging to predict its future five or ten years from now with certainty. However, if you are willing to take on some risk, investing in Ethereum could be a wise decision. It has demonstrated its capabilities and attracted users, indicating that it has a strong chance of leading the pack if cryptocurrency takes off. Moreover, Ethereum is currently addressing its most significant problems, which should make it an even better player in the future. As for the price, Ethereum has dropped significantly from its 2021 peak, with its current price being less than HKEX:2 ,000 compared to over HKEX:4 ,500 at its peak. Nevertheless, momentum has returned, with Ethereum increasing by 55% since the start of the year. Although Ethereum has recently experienced a 10% decline, it remains a solid long-term investment considering the factors mentioned above. Therefore, buying during the dip is a sound idea.
BITSTAMP:ETHUSDLong
by FOREXN1
21
Eth 1850 Hold or Back to Prev Daily Lows 1824 ⚔️Never Sell into Support! We can observe due to candle closures that we may return to previous day's lows at 1842 and ultimately 1824. The 8Hr and the 4Hr timeframes have just closed bearish after some rather large engulfing candles have printed on the Daily TF's and the weekly candle is closing in 7 hours. We may drop further on the Daily to somewhere around 1809 but we must see volume and maybe a break and retest below 1850 on the 30m TF if we can get that far. Selling into to support can be hazardous. Price may respect 1850 and continue to range. Always maintain a good risk/reward. At least 3:1 R walking into the trade. Also the RR changes throughout a trade.
COINBASE:ETHUSDShort
by ShrewdCatfx