ETH Ethereum Trade IdeaETHUSDT has demonstrated a bearish break of market structure within the 4-hour time frame. Our strategy involves initiating a sell position with the aim of targeting previous lows, while setting a stop loss above the previous swing high. It is advisable to secure partial profits upon reaching the first target (T1), adjusting the stop loss to breakeven, and subsequently trailing the price until a bullish break of structure is observed. It is important to note that this is not financial advice, and prudent risk management practices should be employed.
Ethereumusd
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-$4,421, the next daily target .
Boost once read!
Thank you.
Ethereum Retracement potential? 🤔Ethereum! Anticipating a retracement from Weekly Zone 3,519$ and monthly zone 3,346$. Wow! What an ascent that we have observed in recent weeks. A bull market typically has healthy retracements from profit taking and to clear late buyside liquidity. Gathering liquidity is necessary to continue the upside campaign and so we may retrace and consolidate for some time before the train continues. All other technicals explained in the video.
Please share your feedback if this analysis was useful.
ETHEREUM UPDATES REDISTRIBUTIONOn higher context CRYPTOCAP:ETH coin might test the 2900-3000 level, for redistributing its coin.
This idea base on redistribution.
Im looking below again $600 this is not a financial advice.
Trade at your own risk. for now price reach the 50% since the price drop.
so we might test the 60% zone.
Trade it or own it.
This is only my view.
NOt giving a context on economics outlook like eth etf, if that happens then institutions want more positions at lowest level.
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 When will the Ethereum selloff end??I've previously mentioned in an ETH trading idea that the Bitcoin ETF approval would be a 'buy the rumor, sell the news' event for Ethereum as well:
Now we observe a continuation pattern with bearish Elliot Wave price targets.
Elliott Wave Theory is a technical analysis approach that attempts to identify and predict market trends by recognizing recurring wave patterns in financial markets. Developed by Ralph Nelson Elliott in the 1930s, the theory is based on the idea that market movements follow a series of repeating patterns and cycles.
Elliott Wave theory often incorporates Fibonacci retracement and extension levels to identify potential reversal or continuation points within the wave patterns.
In this case Elliott Wave`s price target for ETH is about $2330.
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!
[eth] 12-29-23good eve'
we've come a really long way since the og prediction (view bottom of thread for the og posts).
we had our eyes on this move long before people even expected a local top, which btw smacked a lot of people.
b\x waves come in all shapes and sizes; sometimes they're shallow, other times flat, and occasionally very steep - but... one thing we know about b\x waves, with a very high level of certainty, is that they are "suckers rallies". it was ralph nelson elliott himself who coined the term "suckers rally" initially, which is what we call the b-wave \ "complacency phase" today.
---
i won't sit here and tell you that i know precisely where this b wave will end, because quite frankly this time around i do not know, and i'm not afraid to admit that. what i will say though - is when retail begins to get confident during a staged complacency phase, that is the time to be sidelined.
🔮
---
og predictions:
Celebrating Ether's Breakthrough! Let's Ride the Bullish WaveEther (ETH) has just broken through its prior resistance levels and is now eyeing its next target of $3000! 🚀🎉
The recent surge in Ether's price has been nothing short of remarkable. With each passing day, it becomes increasingly evident that the Ethereum network and its native token, Ether, are gaining tremendous momentum and support from institutional and retail investors alike. As traders, this is an opportunity we cannot afford to miss!
So, why should you consider long positions on Ether? Allow me to present you with some compelling reasons:
1. **Technical Breakthrough**: Ether's successful breach of prior resistance levels indicates a significant shift in market sentiment. With an ever-growing ecosystem of innovative projects and smart contracts, Ethereum's potential for further growth and adoption is immense. By longing Ether, you're positioning yourself at the forefront of this exciting revolution.
3. **Institutional Support**: Major institutions are increasingly recognizing the value and potential of Ether. With companies like Tesla, Square, and PayPal embracing cryptocurrencies, we can expect more institutional investors to follow suit. By entering long positions now, you'll be aligning yourself with the big players in the market.
Now, it's time for action! Seize this opportunity and join me in long positions on Ether. Let's maximize this bullish trend and ride it to new heights together. Here's what you can do to get started:
1. **Evaluate Your Strategy**: Take a moment to review your trading strategy and consider incorporating long positions on Ether. Assess your risk tolerance and set appropriate stop-loss levels to protect your capital.
2. **Choose a Reliable Exchange**: Ensure you're using a reputable and secure cryptocurrency exchange that supports Ether trading. Look for platforms with robust trading features, competitive fees, and reliable customer support.
3. **Stay Informed**: Keep a close eye on market trends, news, and technical analysis to make informed trading decisions. Stay connected with reliable sources and engage with fellow traders to gain valuable insights.
Remember, trading involves risks, and you must conduct your due diligence before making any investment decisions. However, with Ether's current momentum and potential, now might be the perfect time to jump on board and ride the wave of success.
Let's celebrate Ether's breakthrough together and make profitable trades! If you have any questions or need further assistance, feel free to reach out via commenting below. I'm here to support you on this exciting journey.
ETHUSD Road to $2529 part 2last night Ethereum drop to fibonacci 0.618 support at $1961
with this price action, bullish continue and perform a new fibonacci pattern with a new symetrical triangle.
Opening a long position at symetrical triangle support have 3 target :
1. $2101 at symetrical triangle resistance (intraday setup)
2. $2252 at fibonacci 1.618 projection
3. $2398 at symetrical triangle projection.
with this target, ethereum getting closer to our main target at $2529.
Don't forget to like this analysis,
If you have any question, do not hesitate to contact me
Your support at this analysis will also support ETHUSD to reach bullish target
Click here to check my other analysis
ETH's Phenomenal Bullish Flag and Your Chance to Long ETH!Ethereum (ETH), that unstoppable force of innovation and decentralized potential, has just experienced a jaw-dropping bullish flag after an outstanding breakout. This unprecedented event has set the stage for an extraordinary opportunity, and I couldn't contain my excitement any longer - it's time for you to long ETH!
A bullish flag breakout is like witnessing a majestic creature soar high above the clouds, defying all limits and embracing its full potential. It's an adrenaline-fueled rally that propels ETH to new heights, and guess what? That time is now! With this awe-inspiring bullish flag, ETH's potential knows no bounds; it's soaring skywards, ready to rewrite the history books once again.
But what makes this breakout even more thrilling is the dawn of a new era for Ethereum. With the launch of Ethereum 2.0 just on the horizon, we are witnessing a groundbreaking transformation that will revolutionize the world of decentralized finance and elevate ETH's value exponentially.
Now, fellow traders, it's time to seize this incredible moment. Let your excitement power your actions! Take your stand, and join the long ETH movement without hesitation. This is your opportunity to be part of a revolutionary journey, a journey that could change your financial landscape forever.
So, don't let this extraordinary bullish flag fade away without taking a leap of faith. Remember, legends aren't created by sitting on the sidelines - they are made by seizing the opportunities in front of us. Long ETH today and become part of this awe-inspiring story that's unfolding before our very eyes!
ETH Ethereum Price Target| Binance vs SEC Lawsuit|Whales DumpingBinance disputes the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws.
The legal battle between Binance and the SEC has sent shockwaves through the cryptocurrency community.
Binance and its affiliates assert that the SEC is overreaching its jurisdiction on digital assets, especially without any clear legislative guidance from Congress. The original lawsuit, filed in June, accused Binance of unlawfully listing unregistered securities.
Historically, the actions of whales have been instrumental in shaping the price movements of Bitcoin and the broader cryptocurrency market.
Non-whale addresses, those holding less than 100 BTC, now account for over 41% of the total Bitcoin supply. Meanwhile, whales, entities holding between 100 and 100,000 BTC, have witnessed a decline in their collective holdings to 55.5%, marking their lowest ownership level since May.
The decrease in whale holdings could signal a potential change in the market's dynamics, potentially leading to increased volatility and uncertainty.
These developments collectively cast a shadow over the cryptocurrency market's near-term prospects.
In this context, my price target for ETH Ethereum is $1310.
Looking forward to read your opinion about it!
1850: Buyers Struggle to Lift Price Amidst Intense Selling PressThe price has approached the support level at 1850 for the third time, which has been holding it from declining for the past month. Each rebound occurred with a significant increase in buyer activity in the order book (I would say aggressive growth) and a relative absence of sellers.
This price action indicates the presence of a strong selling pressure.
Likely, the buyer may attempt to lift the price from this level once again, but this time, they are unlikely to succeed.
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.
ETH Price Soaring with Bullish Flag - Time to ConsiderToday, I bring you exciting news: Ethereum (ETH) has shown a remarkable surge, accompanied by a bullish flag pattern that signals a potential upward trend. This is the perfect opportunity to consider adding ETH positions to your portfolio!
Over the past few weeks, ETH has been on an impressive upward trajectory, outperforming numerous other cryptocurrencies. However, what truly sets it apart is the recent formation of a bullish flag pattern. For those unfamiliar, a bullish flag is a technical analysis pattern that indicates a brief consolidation period before a potential continuation of the previous upward trend. This pattern often precedes a significant price surge, making it an exciting time for traders like us.
The recent surge in ETH price, coupled with the bullish flag pattern, suggests that we may be on the cusp of witnessing a substantial rally. As traders, we thrive on identifying such opportunities and capitalizing on them. Therefore, I encourage you to consider adding ETH positions to your trading strategy, taking advantage of this potentially lucrative period.
Here are a few reasons why ETH presents a compelling investment opportunity:
1. Ethereum 2.0 Upgrade: The much-anticipated Ethereum 2.0 upgrade is set to revolutionize the network, enhancing scalability, security, and efficiency. This upgrade has been a long time coming and is expected to attract increased adoption and investment in the Ethereum ecosystem.
2. DeFi Boom: The explosive growth of decentralized finance (DeFi) has driven ETH's recent surge. As the backbone of the DeFi ecosystem, Ethereum has become the go-to platform for innovative financial applications, attracting significant investor interest.
3. Institutional Adoption: The interest and involvement of institutional investors in the crypto space have been steadily increasing. With prominent institutions recognizing the potential of cryptocurrencies, including ETH, we can expect a surge in demand and subsequent price appreciation.
Now is the time to seize the moment and consider adding ETH positions to your trading portfolio. However, as with any investment, conducting thorough research, analyzing market trends, and managing risk is crucial. Stay informed, closely monitor market indicators, and make informed decisions to maximize your potential gains.
Remember, opportunities like these only come knocking sometimes. By staying ahead of the curve and embracing the bullish flag pattern, we position ourselves for potential profits in the ever-evolving world of cryptocurrencies.
So, what are you waiting for? Take action now and consider adding ETH positions to your trading strategy. Take advantage of this exciting opportunity to ride the wave of Ethereum's upward momentum!
27.5$ Top Wick and 25$ Candle Body 🫣 -> Rejection of HighsEthereum is Creating Lowr Lows and Lower Highs as it descends away from our Weekly Supply level $1,915. Price ran into th Weekly Supply level last wednesday and ever since then we have been unable to identify a push to create a Higher high on the Intraday timeframes. Instead price is retracing and it appears to be stepping down stairs in a calculated fashion. As the Monthly candle comes to a close price, we will be able to identify a bearish candle if price closes below $1,873. Price would have to increase +1.6% from the current price to end Break even on the month. If the Monthly candle closes bearish then Bears have established a Resistance. We may then anticipate further downside to fill at least part of the previous monthly candle's bottom wick with momentum carried over. This is the idea behind this Short publishing.
First TP $1,828 Daily Support Level
2nd TP $1,800 Psychological Level
3rd TP $1,723$ Weekly Support Level
Monthly timeframe Outlook : Idea is that we will go to fill at least part of this month's bottom wick with momentum carried over to the next monthly candle
Ethereum Short at the Lows 🏴 (More Risky) / Momentum ↘️This Short Idea begins at a 1Hr Support Zone & let me explain my thoughts. The Idea for the trade stems from the fact that the Weekly candle is Bearish. Daily candle is bearish. 4Hr Market Structure is bearish and descending away from our Weekly Supply level at $1,915 ( Published in a previous idea). We are shorting the breakout to the downside in anticipation that the Daily candle will continue to pull down into the close of the candle in 5 Hours. We have clean candles to the left /clean traffic on the 1Hr timeframe down to $1,816. 2 Ways to approach this. 1) Short at the lows anticipating volume to come into the market as we transition into the new daily candle. 2) Wait for a pullback to what was our Daily support level and may now because a Resistance level at $1,860$.
Ethereum ETH price slow as turtle, but stable at a long distanceToday, let's take a look at the prospects for ETHUSDT price movements in the medium term.
On the one hand, over the past week, the ETH price has grown +13%, which is worse than the BTC price +17%.
By the way, here we described our thoughts on the possible movement of the BTCUSDT price
On the other hand, buyers of ETHUSDT we can understand how difficult it is for them now, because the ETH price is now "stuck" in a powerful mirror zone. In 2021-2022, the $1750-2000 zone acted as a reliable support, and over the past calendar year, it has been acting as resistance and not letting it go up.
However, looking at this, as the Ethereum team and holders with investors are actively working to greatly reduce the supply of ETH on the market, we believe that the coin has a bright future.
It is also worth realizing that the current ETH is not the Ether of 2016-2017 or 2020-2021, when its price was multiplying every week. Now, Ethereum's capitalization share is 19-20% of the total crypto market capitalization, and now it is a very difficult task to move the price up by hundreds of %, as it was before, and requires exorbitant investments.
So now Ethereum has moved into the category of a "reliable, low-volatility investment", of course, by the standards of the crypto market.
Now, the main task of ETH buyers is to keep the price above $1750-1806. We consider this price range to be a reasonable one for a medium-term investment in Ethereum.
And the first target where you can sell at least part of your ETH savings is around $2870, which is +60%.
PS:
After the ETHUSDT price manages to gain a foothold above $2000, growth will become more dynamic.
_____________________
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Ethereum Analyze [Road map!!!🗺️(06/19/2023)]Hi everyone👋( Reading time less than 2 minutes⏰ ).
Ethereum is moving as I expected in the previous roadmap.✅👇
At the moment, Ethereum has been moving in a descending channel for about 2 months ⏰.
The structure of the waves in the descending channel is Double Three Correction(WXY) .
Ethereum is currently moving in wave Y , and I expect this wave to end at the bottom of the descending channel at around $1500 .
I expect Ethereum to reach its minimum to the upper line of the descending channel after confirming the end of wave Y. However, the downward trend can continue up to the 🟢 support zone($ 1,440-$ 1,350) 🟢.
❗️ Note ❗️: Ethereum needs to break the 200-SMA downwards to confirm the wave count and especially the continuation of the downward trend of Ethereum.
Ethereum Analyze ( ETHUSDT ), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Ethereum -> Weekly Timeframe Is ClearHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Ethereum is currently retesting and starting to reject a major previous weekly resistance area which is now turned support at the $1700 level.
You can also see that Ethereum is overall still creating bullish market structure and about to close with a strong weekly rejection wick so considering the overall bullish crypto trend, I do expect Ethereum to reject this support zone towards the upside.
On the daily timeframe Ethereum is currently creating obvious bearish market structure with resistance at the $1770 level so I am now just waiting for Ethereum to break back above the resistance and then I do expect the next major rally to start from there.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Will ETH push to $1800 with the current level of RSI?I wanted to share some Ethereum (ETH) trading updates with you. While ETH moved slightly higher, it is still trading below $1,800. In today's session, the price of ETH/USD reached a high of $1,757.89, an improvement from yesterday's low of $1,723.09. The recent surge in price was due to bullish activity at a floor of $1,730, with the RSI bouncing from a floor of its own at 38.00.
Per the daily chart, the current price strength is tracking at 39.33, with the next visible point of resistance being 43.00. If the index moves beyond this ceiling, there is a strong possibility that ETH will climb to $1,800.
I hope this information is helpful to you. If you have any questions or concerns, please do not hesitate to comment in this idea.