ETHEREUMUSDT | Risky Hedge ShortIn our previous ETHUSDT analysis, we mentioned the importance of the $4102 level and the possibility that our rapid entry into the range with its manipulation could lead to bad possibilities.
The price has entered the range again and continues to fall, but it is not nice that the liquidity remaining above is very open. Still, taking a short hedge is not a bad trade by taking the possibility of a losing 1R from here.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
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Ethereumprice
ETH/USD "ETHEREUM" Crypto Market Heist Plan on Bullish SideHi there! Dear Money Makers & Robbers, 🤑 💰
Based on Thief Trading style technical analysis, here is our master plan to heist the ETH/USD "ETHEREUM" Cryptocurrency market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. So Be Careful, wealthy and safe trade.
Entry 📈: Acceptable anywhere; I advise placing buy limit orders within a 15-minute Chart. The entry for the Recent/Nearest Low Point should be in pullback.
Stop Loss 🛑: Using the 4H period, the recent swing low
Goal 🎯: 4600.0
Scalpers, take note: only scalp on the long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
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Like altseason arrived: ETH follows bullish chart patternsHello,
Like altseason arrived, Ethereum established a bullish trend in the green channel. Furthermore, the price has been in the consolidation of a symmetrical triangle (green triangle), which seemingly broke upward. The bullish channel and the symmetrical triangle indicate the optimal risk-reward ratio for a long position. If the break isn't a bull trap, ETH might continue going up until the $4500 psychological resistance, which aligns with the top of the channel. Breaking the channel upward could send ETH to $5300.
Following a bearish scenario, ETH might be rejected from the current price (top of the triangle), in which case, it might find support at $3400 - the middle of the channel.
Regards,
Ely
Healthy growth on EthereumEthereum is in an uptrend according to the Exponential Moving Averages (EMAs), but more importantly, the current price ($3700) is about EMA 20. Buying Ethereum at an average price has a positive risk-reward ratio. In a bearish scenario, ETH could bounce from EMA 200 ($3350) at the latest and still maintain a bullish trend. Anything below EMA 200 would have a bearish indication. If the current bullish trend persists, Ethereum eyes the $4000 psychological resistance.
ETH target over 100001D time frame
-
TP: $7306 / $10,000
-
(1) $2100 is the best entry if fell again
(2) ETH is running Elliott Impulse Wave, and just completed the 1st and 2nd wave
(3) 3rd wave will come around 9/E, and reach its high in Jan ~ March 2025
(4) The low of 4th wave can be seen in April ~ June 2025
(5) The high of 5th wave can be seen in Oct ~ Nov 2025
(6) Keep being patient
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.
ETHUSDPair : ETHUSD ( Ethereum / U.S Dollar )
Description :
Completed " 1234 " Impulsive Waves and Rejecting from Daily Demand Zone or Fibonacci Level - 38.20%. Break of Structure and Completed the Retracement. Break out of Upper Trend Line of Consolidation Phase to make Fake Breakout. Strong Divergence in RSI
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!
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!
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
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
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 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.
#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.
#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.
#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.
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.
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
#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.
#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.