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Cryptolean Ethereum ETH UpdateDaily Chart Ethereum is trading in the bearish territory in the daily chart. It is having a rangebound price action between the key resistance zone around $3,409 (marked in grey) and a minor support at $3,200. Below $3,409 resistance, there is a high probability for a dip towards the key daily support zone of $2,781-$2,956. The price action with this zone will be very important and, most likely, will result in a bullish rejection of this zone. A bullish break-out of $3,409 will push ETH price into the daily range zone where we will see slow and choppy price action, first towards $3,600 and, likely, higher to $3,793. Ethereum will become bullish in the daily chart only upon a sustained price action above $3,793. In this case, bulls will take control of the daily chart and send price higher towards $4,246-$4,421, the next daily target . Boost once read! Thank you.
by Trade-Lean
ETH → Ethereum Reversal? This Trade Setup Takes Advantage.Ethereum has shown great signs of bull strength as Bitcoin and the crypto market burn hot into this bull run. The time for entering longs on the higher timeframes has likely come to an end. So is it time to short? How do we trade this? 🤔 ETH does not have any sell signals yet, but we did just break into a major resistance area at $2,500. With four pushes up, Bitcoin near a strong resistance area as well ($46,000-$48,000), it's reasonable to start looking for counter-trend trades. I believe there is a short opportunity just below $2,500 down to the Daily 30EMA or the previous Support Zone. To justify this trade, we need a strong sell signal in the current price range around $2,600. Once the $2,500 price area is broken, a potential test of that area should once again fail and give us a confirmation bar closing on or near its low. At this time, It will be reasonable to short scalp ETH at a 1:1 Risk/Reward Ratio. 💡 Trade Idea 💡 Short Entry: $2,500 🟥 Stop Loss: $2,740 ✅ Take Profit: $2,300 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Four Pushes up from Breakout. 2. Entered Major Resistance Level. 3. Short Resistance Level with Proper Bear Signal. 4. RSI at 70.00 and above Moving Average, Supports Short. 5. Watch Bitcoins Response to Current Price Area. 💰 Trading Tip 💰 Never enter a counter-trend trade without the proper signal *and* confirmation. A signal bar will usually have a long wick, and a confirmation bar will follow shortly after the signal bar and have a strong body closing on or near its low or high (bear or bull). ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
INDEX:ETHUSDShort
by TraderEngineering
1
ETH → Ascending Wedge, Double Top, About to Drop!? Let's Answer.Ethereum has a string of reversal indications that give us a picture of bearish price action. Are these data points enough to enter a short? How do we trade this? 🤔 Three pushes up, an ascending wedge, and strong resistance alone is not enough justification to enter a reversal trade unless you fade your position (small entries until the reversal happens). It's better to wait for a strong bear bar closing on or near its low below the 30EMA to provide enough probability to justify a reversal trade. If the price breaks below the Daily 30EMA and closes a candle with followthrough or a re-test of the 30EMA as resistance, a short entry is justified. Alternatively, if we find support at the 30EMA or get a strong bull bar closing near it's high, it's reasonable to think the price will hit the next resistance target of $2520.00. I would trade small on any long position this late in the trend as it's more likely we're about to enter a trading range or major pullback. 💡 Trade Ideas 💡 Short Entry: $2,150.00 🟥 Stop Loss: $2,250.00 ✅ Take Profit: $1,950.00 ⚖️ Risk/Reward Ratio: 1:2 Long Entry: $2,250.00 🟥 Stop Loss: $2,150.00 ✅ Take Profit: $2,450.00 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Three Pushes up in Bull Trend. 2. Formed Ascending Wedge, Price Fell Out. 3. Potential Double Top, Wait for Break Below 30EMA to Short. 4. If Bounce at Support, Reasonable to Long to Next Resistance. 5. RSI at 55.00 below Moving Average, Indecision. 💰 Trading Tip 💰 Three pushes up, an ascending wedge, and strong resistance alone is not enough justification to enter a reversal trade unless you fade your position (small entries until the reversal happens). It's better to wait for a strong bear bar closing on or near its low below the 30EMA to provide enough probability to justify a reversal trade. Your probability is still inherently low, but catching a trend when it starts gives you more room for reward, that's the tradeoff. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
INDEX:ETHUSDLong
by TraderEngineering
3day stophunt currently on ETHETHUSD is currently flipping back and forth with a 3-day stop hunt. Could see some pullbacks in the near term. I had mentioned looking for new 3-day dips for opportunities. Would want to watch 1H and 4H moving averages to hold up for continuation—mainly the 100 and 200 Moving averages. $2312 and $2275 Could be potential BUYS (Risky knife catch buys); want to see strong reversals from these areas for continuation. I'm still BULLISH on the near-term, Santa rally:) Thanks for your time please follow me here for more ideas. Feel free to message me with specific chart requests. **Not financial advice, just my 2cents
COINBASE:ETHUSD
by Cosmicbag
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
COINBASE:ETHUSDShort
by Dexter_The_Trader
4
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.
Long
by VanRojasCapital
Ethereum is Almost Bullish ETH is lagging behind Bitcoin. However, there is some room for optimism, especially if ETH can push up above the 50D EMA and provide a ChoCh. ATM, ETH is oversold on the 1-4 Hour timeframes, but the HTF still have ample capacity for price appreciation. Also, there is no bearish divergence that I can see. Presently, ETH’s price is at 1812 USD close to the 50D EMA and the Fixed Range Volume PoC. My best case for ETH is another push up and then a pullback. The most likely outcome, IMO is that will pullback without any significant PA, and shoot for higher when Bitcoin does. However, if BTC keeps blasting through the levels, ETH will most likely follow. Personally, I don’t see a long trade yet. If anything, I am tempted to short.
by NewThoughtCrypto
#Ethereum Uptrend Remains but Price Must Break Above $1,950Past Performance of Ethereum Ethereum prices, like BTC, are firm at spot rates. Notably, there is a sharp reversion from critical reaction levels, marking resistance levels of March 2023 and September 2022. For now, whether ETH buyers will build on yesterday's gains remains to be seen. However, any attempt to unwind losses will be massively bullish for ETH, that's overly in an uptrend formation. #Ethereum Technical Analysis ETH remains bullish, up 36% from March lows and 72% from December 2022 lows. Despite the contraction from April peaks, the uptrend remains and will be confirmed if ETH floats above $2.1k in the days ahead. Ideally, a break above the high of the anchor bear bar of April 21 at HKEX:1 ,950 is critical. This will cancel out bears that are currently in control from an effort-versus-result perspective. On the other hand, traders can wait for a deep below HKEX:1 ,800. In that case, ETH may drop to HKEX:1 ,700 in continuation of April 19 and 21 bear bars. What to Expect from #ETH? Technically, ETH buyers have the upper hand. All the same, the coin is trading at below critical reaction levels, especially $2k. The middle BB, or the 20-day moving average, is also an important resistance level. Losses below HKEX:1 ,800 in the near term may trigger more losses in the days ahead. Resistance level to watch out for: HKEX:1 ,950 Support level to watch out for: HKEX:1 ,800 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Ethereum - thoughts out loud #10Good evening , we are from Ukraine! For this period of time, the chart has a trading margin, the exit from which opens the door to 2 key levels: 1) A long scenario of breaking through the resistance level and going to 2300 and above. 2) Short, market weakness after a false breakout of 2200 and the price returning to the middle of the range with a further buyer's test at 1900 - 1850. Thank you all for your attention, I wish you success. Sometimes you win /sometimes you learn.
E
by WVitalievich
#Ethereum Firm, ETH Buyers Angling For $2,000Past Performance of Ethereum Ethereum buyers are confident, reading from the performance in the daily chart. There are encouraging higher highs as ETH claws higher, presently trading at the Q3 2022 trade range. Even though there was a cool-off, ETH will likely bounce higher ahead of the Shanghai upgrade. #Ethereum Technical Analysis The path of least resistance is northwards. Notice that prices are above February 2023 highs of HKEX:1 ,750, and the retest in March didn't force prices lower. The rebound in late March propelled prices to spot rates, a huge positive for optimistic buyers. Per the current ETH candlestick arrangement, every low above April 4 bull bar at HKEX:1 ,800 may offer entries with targets at HKEX:1 ,950 and later HKEX:2 ,000. This preview will only change should there be a sharp dump, with rising volumes, below the middle BB and HKEX:1 ,800 in the next few days. What to Expect from #ETH? As it is, traders are confident of what lies ahead. The psychological reaction point at HKEX:2 ,000 remains unchallenged, but that could change if the upcoming fundamental event draws buyers. Resistance level to watch out for: HKEX:1 ,950 Support level to watch out for: HKEX:1 ,800 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
1
Ethereum: Reaching Out… 🙌Ethereum is reaching out to complete wave 1 in green and still has got some room to rise. As soon as the respective high is established, though, the cryptocurrency should turn downwards and head for the green zone between $1607 and $1424, where wave 2 in green should end. With this low secured, Ethereum should then resume the ascent by developing wave 3 in green. However, a 30% chance remains for Ethereum to scoot below the support at $1370, which marks the last significant low of wave ii in orange. In that case, we would reckon with a new low in the form of wave alt.ii in orange in the orange zone between $1330 and $1150 before ETH can continue the upwards movement.
BINANCE:ETHUSD
by MarketIntel
Ethereum ETH Price Target after the U.S. CFTC sued BinanceBinance and its CEO, CZ, are being sued in the US by Commodity Market Regulators in a complaint that claims the defendants committed “wilful evasion of US law”. This comes after the SEC Charged Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations last week. Binance is responsible for 61.8% of the global crypto trading. Its Market Share is Huge! I assume we are about to witness a major selloff in the crypto industry. My Ethereum ETH Price Targets: ETH/USDT short Entry Range: $1700 - 1800 Take Profit 1: $1630 Take Profit 2: $1510 Take Profit 3: $1380 Stop Loss: $1900
Short
by BuySellMarketMaker
#Bitcoin Gains 12% versus ETH in Less Than 10 DaysPast Performance of ETHBTC Bitcoin bulls are in the driving seat, adding 12% versus ETH, looking at the candlestick arrangement in the daily chart. Notably, the coin is within a breakout formation, forcing ETH back below October 2022 lows. As it is, BTC bulls can continue looking for entries on every attempt higher towards resistance at 0.066 BTC, targeting 0.058 BTC in the short term. #ETHBTC Technical Analysis From the daily chart, the uptrend is clear. Even though BTC bulls are in a commanding position, it is evident that ETH bulls are in charge from a top-down preview. Notice that from June 2022, prices were mostly in consolidation, registering a bull flag until last week's push lower below the base. Still, ETH buyers are in a good position as BTC pushes hard, retesting the 61.8% Fibonacci retracement level. ETH might recover, but this may first require prices to expand above 0.066 BTC with rising volumes. In the short term, losses below 0.062 BTC may trigger even more losses towards 0.057 BTC, the 78.6% Fibonacci retracement of the June to September 2022 trade range. Aggressive traders can continue shorting any push higher with targets at this week's lows. What to Expect from #ETHBTC? Bitcoin bulls are in control, outperforming ETH in the short term. Since price action is within a bearish breakout formation, the downtrend remains, and prices might contract even more toward 0.062 BTC. Resistance level to watch out for: 0.066 BTC Support level to watch out for: 0.062 BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Ethereum Rallies 70% from November Lows, ETH Bulls Target $2kPast Performance of Ethereum Like the rest of the crypto market, Ethereum is in a firm uptrend. As an illustration, the coin is up roughly 70% from November lows, breaking above February highs. Technically, buyers are in control, and the bullish formation remains as long as ETH trends above $1.75k. #Ethereum Technical Analysis Ethereum is solid at spot rates, and traders are confident. Since ETH bars are bullish, riding along the upper BB indicates that buyers are in control and the upside momentum is high. Therefore, if prices are above the February highs, every low above $1.75k, ideally with low volumes, may offer entries. In a bullish continuation formation, the next target could be August 2022 highs at $2k. Further gains may see ETH retest Q1 2022 lows at $2.5k. What to Expect from #ETH? The uptrend is defined, pumped by fundamental factors, helping Ethereum bottom up after the losses of last year. As such, bulls will remain in control, and $1.75k, marking February high, will be a critical support line going forward. Resistance level to watch out for: $2k Support level to watch out for: $1.75k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Ethereum Bullish But Upside Momentum FadingPast Performance of Ethereum Ethereum, more like Bitcoin, is cooling off from last week’s resistance at around $1.75k. The rejection means ETH is down, sliding six percent from recent highs, though the uptrend remains valid. Support is at about $1.6k, and on the lower end, the low of the February 15 bar at $1.5k. #Ethereum Technical Analysis The support is clear at $1.6k and the middle BB. On the other end, resistance is at $1.75k. The divergence from the upper BB points to reducing upside momentum, which is bearish for ETH. Nonetheless, the primary trend is solid. Should ETH slip below $1.6k and the middle BB, traders can look to short, targeting $1.5k and February lows. Even so, the bear breakout must be with rising volumes for this to pan out. For this reason, considering that the uptrend is defined, traders may have to wait for trend definition in the short term. Should there be a relief and ETH soar above $1.75k, prices may likely float to $2k. What to Expect from #ETH? Prices are consolidating, but the trend could be established once there is a defined breakout above $1.75k or below the middle BB in the sessions ahead. Losses below support may trigger a sell-off that may see ETH slide to February lows. Resistance level to watch out for: $1.75k Support level to watch out for: $1.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Ethereum Expands; Will ETH Bulls Break Above $1.7k?Past Performance of Ethereum Ethereum is lower at spot rates, within a bear breakout formation. The ETH price is below the 20-day moving average and is down 10 percent from this month's highs. Even though buyers are confident, the short-term trend will only change should ETH break above $1.7k. #Ethereum Technical Analysis ETH is in range. The upside is limited at $1.7k, a critical resistance level. Meanwhile, support is at $1.5k. Though prices increased on February 14, the short-term trend is bearish. Prices are inside the bearish engulfing bar of February 9. Besides, yesterday's pump is with relatively low trading volumes. Therefore, unless ETH breaks above $1.7k, the odds of the coin dropping below $1.5k remain higher. Conservative traders can wait for a break in either direction before committing. Any break below $1.5k may see ETH drop to as low as $1.35k. What to Expect from #ETH? The immediate trend remains bearish despite yesterday's expansion. Resistance is at February highs at $1.7k. Because last week's bear formation still defines prices, the possibility of sharp dumps cannot be discounted. Resistance level to watch out for: $1.7k Support level to watch out for: $1.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
ETH Technical analysis & Next moves 1st Quarter!Greetings and Happy new Year fellow Investors Traders and ofcourse beez! In our today's post we will analyze ETH next moves in the upcoming months (Q1), taking into account all technical factors that may affect the price behavior and consequently price volatility . As we can observe on the chart, there are 3 possible scenarios that might play out based on our analysis. Since Mid-July, there is a HUGE Bullish Orderblock, around the area 1090$ - 1035$. As long as we stay above these levels, everything looks positive and we are safe and sound. IMPORTANT: Keep in mind though, Orderblocks tend to act as a magnet, therefore, sooner or later we WILL visit this area. In the case of breaching 1090$ support area, that holded well so far, we will test the lower threshold level of OB at 1030$, which is the least possible scenario (2) based on our plan. At the time of the writing, after price tested the upper OB, that was created on 20th of December, it acted as a resistance, and bulls took over. It is also important to mention that, price and volume has been forming a bullish divergence, indicating us a buy signal and that Scenario 1 and 3 are more likely to occur. At this point it is important to mention, that based on the price behavior the last months, there has been a huge liquidity area (FVG), that hasn't been explored since then, and MUST be, the one way or the another. Consequently, after today's leg up and after being rejected of the nearest support zone, we strongly believe, that the next moves involve, bullish action. SCENARIO 1: Indicates, retest of the lower level of the Fair Value Gap, having our TPs at the level of 1340$, that acted as resistance. and then sharply correct to the lowest Resistance area, at 1080$-1100$. SCENARIO 3(HOT): After retesting the lower level of the local FVG, break through, and close the Gap, leading us to the ultimate Resistance area indicating on the chart, at the area of 1660$. Make no mistake though, market sentiment is still bearish, and according to this plan, price eventually, WILL test the lower levels around 1080$. Consequently, after analyzing all 3 possible scenarios, and taking under consideration that the correlation between price and volume, we undoubtedly suggest that a good Long entry price is: Entry Price: 1230 - 1250 TP1: 1340$ (Liquidity Pool) TP2: 1425$ (Mid-range of FVG) TP3: 1660$ (Ultimate Resistance Area - Reversal point) SL: 1180$ IMPORTANT: This is strictly a Technical Analysis and Fundamentals CAN affect our Analysis! Not a Financial Advise! Trade with Caution! Best Regards, CryptoQueens
Long
by Crypto_Queens_Official
17