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Etherum

ETH/BTC Weekly - Ascending Trendline Support and Potential RebouThe ETH/BTC weekly chart shows a strong ascending trendline acting as long-term support. ETH/BTC is currently near this support level, where it has historically shown bullish reactions. The recent drop to the trendline suggests a potential bounce, with a green arrow indicating the possible upward trajectory if the trendline holds. I'm personally considering this level for a potential long position, with a target near 0.08 BTC, aligning with prior resistance. However, if the price closes below the trendline on the weekly chart, I’ll reevaluate this setup for further downside possibilities. This is my personal trade setup and not financial advice
Long
by CryptoTraces
Etherum eyes $7,300 After Wave 4 Rebound! Long-Term Analysis of ETH/USD We are back with another in-depth look at the ETH/USD pair. It appears that Elliott Wave 4 has completed, and we may see one more wave to the upside before a larger correction occurs. Wave 4 was particularly intense, with a sharp and rapid decline that brought the price down to the 200-week moving average (MA). This level also coincided with the lower support line of the current channel. Fortunately, we experienced a strong rebound from this area, and the market is now poised for a potential upward movement. My target for this next leg is at the 1.618 Fibonacci extension level, which is around $7,300 per coi The wolf pack are hunting for profits, one block at a time..🐺 Make sure to follow my new profile on X for more weekly updates! :@PuppyNakamoto Happy trading! COINBASE:ETHUSD BITSTAMP:ETHUSD BINANCE:ETHUSD BINANCE:ETHUSDT
BITSTAMP:ETHUSDLong
by WOLFofBlockStreet
2
EthereumI'm finding myself gravitating more towards this crypto over Bitcoin, and that's mainly due to Ethereum's price. I'll explain my chart along with what I'm anticipating. What am I anticipating? Price is currently breaking a key lower-high on the weekly, which happens to also be the same area as the monthly (key) lower-high. Once that bull candle closes pass those levels at the end of today then the weekly turns bullish. Normally, price would run into an old key area in order for the retracement phase to begin. I'm looking for bull continuation to spike the A.T.H. and $5000 price point followed by a correction right into my area of interest (A.O.I.). Do I have a "special" price within the A.O.I.? I actually do! $2400. In conclusion, I'm merely a spectator until the bears enter the market to drive price down, and if that doesn't happen due to bull momentum, I'll readjust. M - 🐻 W - 🐻 *If today's candle closes above the key LH, it turns 🐂* D - 🐂 H4 - 🐂
BINANCE:ETHUSD
by ChrisJTradesFX
3
BTC - 4H Best Sell Opportunity#BTCUSDT is currently trading within an ascending channel that is often recognized as a bearish flag pattern, indicating a potential continuation of the downtrend. The price is approaching the top of this channel, which coincides with a significant resistance zone. This confluence of resistance levels provides a strategic entry point for short positions, offering a logical stop loss placement just above the resistance zone. The bearish flag pattern suggests that the upward movement within the channel is a temporary correction before the downtrend resumes. Additionally, there is a notable daily timeframe support zone that has been broken and now acts as a resistance after a period of consolidation below it. This transformation from support to resistance further strengthens the bearish outlook. As #BTCUSD tests these resistance levels, the probability of a downward move increases, making this an ideal setup for traders looking to short Bitcoin. The confluence of technical factors suggests a high probability of BTC resuming its downward trajectory from the current levels.
Short
by Sober_Trading
4
ETH USD IdeaGreetings, Traders, and a prosperous New Year to all! As we re-enter the charts, the liquidity remains low in both the crypto and forex markets. Currently, no trades have been initiated, as we are patiently waiting for weekly order blocks to signal the commencement of the new year. Additionally, we are monitoring zones for potential discounts. This routine tends to repeat itself each year, and historically, market activity is often subdued until the end of January. Notably, we are anticipating significant news related to the Bitcoin ETF on the 10th, which could impact our trades that have been performing well since the end of last year. Presently, we have set stops below the latest bullish distribution. In the event of positive news on the 10th, we anticipate a substantial increase in price. However, it is crucial to acknowledge the fact that we are currently situated within the monthly bearish distribution zone. We will closely observe the developments this week and provide regular updates on our charts. Stay tuned for further updates. Thank you, and happy trading!
COINBASE:ETHUSDLong
by themarketknight
ETH USD ideaOur killer trendline that hooked us up with those rad entries might be showing some signs of taking a break. I mean, it's been unreal how it's been delivering, right? But hey, let's not get too ahead of ourselves. If we're giving up that trendline and the 1620 price point, we gotta be real careful. Here's the deal – if that trendline starts slipping away and we break that 1620 level, we're not sticking around to see if it's just a passing thing. We're playing it smart, closing those spot trades and taking a chill pill. We'll just kick back, ride the wave, and see what kind of data is rolling in. And hey, don't stress – besides all that, the daytrading scene is looking pretty darn groovy. So, keep those eyes sharp, stay ready to bail if needed, and let's ride these waves with the finesse of true chart surfers. Stay stoked, stay sharp, and let the market vibes guide us, man! 🌊🤙🏄‍♂️📉
COINBASE:ETHUSD
by themarketknight
$ETH - "SHORT" SETUP in PERSPECTIVE#CRYPTOASSETS #STRATEGY CRYPTOCAP:ETH THE RANGE 1938$ - 2047$ We might playing inside what we passed without interest. But there is indeed ! 1925$ MIght be a perfect preliminary. 1908-1900 is called on the HEATMAP IS the UpTREND done ? Maybe ! Price Action has left 2060$ and DISTRIBUTION MIGHT BE OVER. THE VALIDATION should be with a LPSY @2115$ (MY SHORT) STOP 2146$ > TARGET 1490$ (1600$ AT LEAST) BREAKING 2146$ : 2 Otions 1. UTAD, THEN We reintegrate > STOP SHORT below 2060$ 2. JAC (+50$ at LEAST) > I will be LONG and my first TARGET will be 2360$ Source : www.tradinglite.com
by BlackSquareFinance
Represents A Significant Price LevelEthereum (ETH) price is struggling to consolidate above $1,700. This Monday, February 20, is the fifth consecutive day that Etherum has passed that level, but in the previous days it has not been able to close above said price. As of this writing, ETH is trading at just $1,708, on TradingView records . The highest level in recent days was recorded on February 16, when it reached $1,742 per unit . However, on that occasion the daily candle closed in the red, below $1,640 . The same has happened on the other days, with ETH being unable to stay above the $1,700 barrier at the end of the day. At the moment, he is achieving it this Monday. That price mark is an important barrier, taking into account that that level was lost 5 months ago. On September 13, its price fell from there to not return, until a few days ago. As it was reported by the end of January ETH had managed to consolidate a new price level above $1,500 . In addition, various bullish signs already supported the rise of the cryptocurrency from that moment. So far this year, the entire cryptocurrency market has been bullish and very promising. In addition to ETH, bitcoin has risen almost 50% this 2023 and went to its best price in 6 months. In addition, there are already at least 30 cryptocurrencies in the top 100 that have doubled in price today. A list that was barely 17 coins a few days ago. In that list there are even some outstanding trends, such as the case of cryptocurrencies related to artificial intelligence or Stacks case and its relationship with the NFT Ordinals in Bitcoin.
BITSTAMP:ETHUSD
by rubikkav
RLinda ! BTCUSD-> Consolidation. What to expect from the price? Bitcoin has been forming a 46% rise since its second (supposed) bottom, which is quite surprising. As Sentiment noted in one of its reports - shortly before the rally, on January 5, there were 2 identical, largest deals in a month on the BTC network. Again it's worth asking - was that the scenario? (The cycle is starting to repeat itself again.) It is worth to pay attention to an interesting situation: when distributive movement is formed, the price breaks through the resistance of descending channel and consolidation is formed. Statistically, I can single out such a set-up as a possible false-break. While the price is above this line, the buyers are actively gaining positions, but it is possible that in the near future the market maker may weaken the price a little (trap) to entice liquidity. In our case, if the price consolidates below 22488, it could go to the strong support from June 24, 2022 - 21558 The flagship has now entered a strong range - support 21558 - resistance 25211. The price is consolidating above the support zone and if you look from a trivial behavioral point of view, the price could head towards 25211 in the near future, but in that case the bulls need to hold the levels of 22488 and 21558. At the same time WhaleMap is paying attention to the levels of the traded volumes in Bitcoin and notes that the next significant resistance level (according to the traded zones) is the resistance of 27000, and till that time the price will be in the void zone of the chart, in fact, there will be no obstacle before reaching the mentioned resistance Strong levels and zones. On the support side, bitcoin has the following strong support zones, 22488, 21558 and a local low of 20400. An important nuance, if the price starts to form a pullback, so that bitcoin does not fall deeper than these levels, in that case the potential for a fall to 18400 will open Resistance The nearest strong resistance is the upper consolidation boundary at 23370. If the bitcoin breaks this level, the price can go up to 25000 Strong liquidity zone is hidden behind 23800 and 31300 Fundamental nuances: -CryptoQuant: another long-term bullish signal is triggered - The cycle repeats about every 3-3.5 years - Stripe is actively working on crypto payments - Glazznode: the NUPL at these levels shows that the capitulation in bitcoin may be exhausted, it means that everyone who wanted and could has mostly sold out -CoinMetrics: BTC in this cycle between halvinagmies will depart significantly from the average dynamic in past cycles - Bitcoin is behaving stronger than the SP500 index Regards to R. Linda!
by RLinda
30