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Ethereumforecast

Ethereum -> Back To A Bullish MarketHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Ethereum just retest and already started the rejection away from a previous weekly resistance area which was turned support exactly at the $1750 level. You can also see that weekly market structure is still quite bullish, the next resistance zone is at the $2125 level so I simply do expect more continuation towards the upside to then retest the next resistance area. On the daily timeframe you can see that my previous analysis about Ethereum perfectly played out with a simple break and retest above the daily $1850 previous resistance - daily market structure and moving averages are also now back to bullish so I am now just waiting for break above the $1910 resistance 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
38
Ethereum ETH and the US Debt CeilingNegotiators from Democratic and Republican parties finalized an agreement on Sunday night. Instead of raising the limit to a specific level, they have opted to suspend it entirely until 2025. This strategic move ensures that their bills can be paid until that date, while also guaranteeing that the next battle to raise the ceiling will not coincide with the upcoming presidential election. The resolution of the debt ceiling issue brings optimism and stability to the financial landscape, which has a positive ripple effect on the cryptocurrency market. Bitcoin and the broader crypto market stand to benefit from increased investor confidence, reinforced safe-haven status, enhanced institutional adoption, regulatory clarity, and the overall positive impact on global markets. ETH/USDT Entry Range: $1800 - 1900 Take Profit 1: $1950 Take Profit 2: $2010 Take Profit 3: $2100 Stop Loss: $1730
Long
by BuySellMarketMaker
Ethereum exit of triangle and can continnue move upHello traders, I want share with you my opinion about Ethereum. Looking at the chart, we can see how the price formed the seller zone, retested it and started falling and broke through the level 2020. Ethereum continued its decline, broke through the support level 1885, and traded lower for a while. Subsequently, the price increased, re-tested the resistance level and continued to fall. Over time, Ethereum created a downward triangle in which it traded for a long time. The price re-tested the support line and began to rise. After reaching the resistance line of the triangle, the price tested it, fell to the support line, from which it bounced, continued to rise and exit the triangle. Not long ago, the price broke through the 1885 level and is now trading above the current support level. Ethereum can make a downward correction, test the support level, and continue to grow. I think the price can continue to move up and reach resistance level. In this case, I decided to set the targets at level 1940 and at level 2020. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
4
Ethereum -> Consolidation Before BreakoutHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Ethereum is approaching a quite nice previous weekly resistance area which is currently turned support exactly at the $1700 level. You can also see that weekly moving averages and market structure is overall bullish, I am now just waiting for a retest of this level before I then do expect more continuation towards the upside. On the daily timeframe you can also see that over the past couple of days Ethereum has been trading between support at the $1780 level and resistance at the $1855 level so I am now just waiting for a break above the resistance and then also the daily timeframe looks promising for a next rally 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
34
ETHEREUM long position 🚀Hello 🐋 the price has started the new trend to the downside before any other huge pump and this trend should be completed ❌🧨 if the price doesn't break the resistance zone to the upside and just complete the retest, we will see more correction ❌🧨 if breakout of the lower support zone be completed, we can see more correction to the downside ❌🧨 brief amount of green candlesticks to the upside before any other movement is logical 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Short
by MadWhale
6
ETH liquidity hunt before drop to 1690 zoneMy belief is that the price of Ethereum will go down as low as 1690 over the next week or so. Many traders will share this belief and will place short orders. It is likely that these traders will set their liquidation points above 1837 or even 1847. The market maker knows exactly where each and every liquidation point is and will not drop the price without hitting them. The market makers have been moving price sideways for over a week now so we have to be patient and wait for them to make their move. The Hong Kong open is the next opportunity but the New York open might be the most likely. Either way, we are watching for an aggressive move higher. I would expect they will do it in 3 green candles on the 15 minute timeframe but the liquidity hunt could last as long as three hourly candles. Pay close attention towards the end of the third green candle where they will paint a full candle and stall price to entice FOMO traders to go long. If you are bold and confident then this where you will take profits from your longs and go short. If you prefer to be a little more cautious, wait for the snapback before going short and once you are sure there has been a reversal, take profits from your longs.
EShort
by ScalpWthMe
Ethereum -> Still Stuck At The $2000 LevelHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Ethereum just recently once again retested a quite massive weekly structure area at the $2000 level which is now turned resistance again. However you can also see that overall market structure and moving averages are still quite bullish, in my opinion we also already saw the bottom of the bear market so I am now just waiting for any opportunity to then get long Ethereum for the next bullrun. On the daily timeframe you can see that Ethereum shifted back to a bearish market by breaking below the $1825 structure level, so I am now just waiting for either a break back above the zone or a retest of the next support at the $1675 level before I then do expect more upside potential. 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
61
Ethereum (ETH) is on the edge of collapse!Hello, my dear friends! As you know, I am bearish on the entire crypto market and Ethereum is not an exception. It's waves formation looks like we have seen on Bitcoin. Therefore, I expect the same outcome in the upcoming weeks. During May 2023 BINANCE:ETHUSDT is stagnating very very slowly. It looks like annoying downward sloping sideways. Perfectly, I expect to see the huge dump next week, because bears have to confirm their intentions. I am sure that uptrend is over because we can see the clear 5 waves structure, the divergence on the Awesome Oscillator. If the first dump was the wave 1, it means that now asset is printing the wave 3. The wave 3 ordinary target is locatet at 1.61 Fibonacci extension, approximately at $1450😱. If price will reach this target, we also see the key trend line breakdown. Last time price immediately bounced off this trend line, but this time I consider the bad time for ETH. We also should talk about the scenario invalidation. We have the countertrend line. If price will be able to break it my scenario is wrong and current dump is just a correction. Best regards, Ivan ______________________________________ ❤️Follow me and never miss the update❤️
Short
by Skyrexio
7
ETH/USDT failing to break out. Support becomimg new resistance!⚠️ This is NOT an analysis or to ve considered financial advice ⚠️ My focus is more on the software side of blockchain & I am no expert analyst. With that said & such short extra time in my days to spend on technical/fundamental/chain/sentimebt analysis; here is my near-future prediction 👇 Volume is too low for what the market needs to push the price further up, imo. Overall, the sector is facing many other challenges—the hacks on centralized & also decentralized exchanges/protocols, projects going bankrupt, meme coins putting out bad vibes—nothing out of the ordinary for cryptocurrencies. If i had to guess, it would be for the newcomers & institutional investors playing the slow game; seems like the majority of them are waiting on more clarification on SEC issues, industry regulation, & the near-future + continuation of the "inflation crisis". Based on these factors above that I've seen in articles over these last few months & the overall volume being low (besides the occasional large buy-ins/sell-offs) I believe there is not enough bull power in the market, to keep these current support levels & we will likely see a dip to around 1600-1650 before any new major support levels increase.
by hashguide
1
📈Ethereum pull back to the trend-line📉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 1854$ level. According to Ethereum's pullback pattern, the price can continue its downward trend until the level of 1694. If the price stays above the 1854$ level, Ethereum's upward trend will continue. Please share ideas and leave a comment let me know what's your idea. CrazyS✌
Short
by CrazyS
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