BTC, Let's keep it simple shall weAh, the crypto jungle, where even the bears like to dance! 🕺 So, here we are, staring at a mature bear flag on the daily chart like it's that ex you thought you were over, but they just keep showing up. And if this bad boy breaks down decisively, we're careening straight into the “Oh No Zone” with a potential target between 45k and 48.8k.
And what's this? A Death Cross? Sounds like a rejected name for a 90s metal band, but here it is, grimly reminding us that sentiment is shifting faster than a squirrel on a sugar rush. 🐿️
Now, while retail investors are nowhere to be seen (probably hiding under their beds), the whales are out there doing what they do best—hoarding like it’s Black Friday at a crypto sale. 🐳 And of course, rate cuts are looming like your landlord when rent's due, which in crypto-speak means bearish first, bullish later. It's like being told your rollercoaster ride is delayed but, hey, there's a free ice cream at the end! 🎢🍦
Meanwhile, Gold is out there flexing at an all-time high, giving Bitcoin the cold shoulder like it's a high school crush that just found a new date to the prom. And Bitcoin dominance? Still strutting its stuff, leaving altcoins to suffer in silence.
Over in the ETH/BTC corner, things are looking as bearish as my last attempt at a diet—good intentions, but no follow-through.
Good News? Who Cares!: Good news hits the market and... nothing happens. At this point, it’s like shouting into the void: “BTC ETF occurred! ETH ETF occurred! Halving occurred!” And the market’s like, “Meh.”
🇺🇸 All eyes are on the US Presidency coming up in 2 months. Until then, it's like waiting for your blind date to arrive—highly uncertain and probably not going to end well.
Yet, here I am, my degenerate self, telling you this might just be the perfect recipe for a great bull market! 🍲
But let's be real—experience tell me that caution is advised.
That's it, that's the idea - Good night
Ethlong
Textbook long idea on ETHUSD based on Elliot Wave !ETH appears to have completed a textbook 5-wave impulse pattern, followed by an ABC corrective wave. This structure suggests the current move is a running flat, which implies prices are likely headed directly towards $3,000 from here.
Key points:
- ETH has traced out a clear 5-wave impulse pattern, followed by an ABC correction
- The corrective pattern is likely a running flat, a bullish continuation pattern
- Expect ETH to surge towards $3,000 as the running flat plays out
- Use $2,500 as the stop loss for this bullish trade setup
Overall, the Elliott Wave structure points to significant upside potential for ETH, with $3,000 as the next major target. Traders can look to enter long positions with a stop loss at $2,500 to capitalize on this bullish forecast. Of course, always conduct your own due diligence and risk management when trading.
R/R 1.7📊Analysis by AhmadArz:
1. Range 📉:
- The price has been fluctuating between support and resistance levels. After breaking out of this range, the trader enters the trade.
2. Entry Point 🚀:
- The entry point is at 2742.55 USDT. The trader initiates a buy position after the price breaks above a key level.
3. Take Profit 🎯:
- The target profit is set at 2786.71 USDT. The trader expects the price to reach this level and close the trade with a profit.
4. Stop Loss 🛑:
- The stop loss is placed at 2721.97 USDT. If the price falls to this level, the trade will be closed with a loss.
🔹 Summary: The trader is using a breakout strategy, expecting the price to rise, and has set clear entry, exit, and stop-loss levels for the trade.
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
ETH/USDT Weekly Chart Update !!ETH/USDT is currently testing key resistance levels within the descending channel. A breakout above $3,050 could lead to a retest of higher resistance areas around $3,850. The 100MA near $2,150 has provided strong support, and the price needs to be above this level to maintain the bullish momentum. Traders should keep an eye on volume confirmation and price action near these crucial levels.
This update provides a concise analysis of the ETH/USDT weekly chart, focusing on key support and resistance levels, moving averages, chart patterns, and volume considerations.
Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
ETH (Crypto ETHEREUM-USD) BUY TF H4 TP = 3347On the H4 chart the trend started on Aug. 08 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 3347
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
Will Ether Rebound After the August 7th Death Cross?Disclaimer: This article is intended for informational purposes only and should not be construed as financial advice. Cryptocurrencies are highly volatile assets, and investing in them carries significant risks.
On August 7th, 2023, Ethereum (ETH) experienced a death cross, a technical indicator where the 50-day Simple Moving Average (SMA) crosses below the 200-day SMA. Historically, this pattern has often signaled bearish trends, leading many investors to question the future trajectory of Ether.
Understanding the Death Cross
Before delving into the potential rebound, let's clarify what a death cross signifies. It is a technical analysis tool that suggests a potential downward price movement. However, it's essential to remember that it's not a definitive predictor of future price action. Market conditions, fundamental factors, and other technical indicators should be considered alongside the death cross.
Factors Influencing Ether's Recovery
Several factors could influence whether Ether can rebound from the August 7th death cross:
1. Market Sentiment: The overall cryptocurrency market sentiment plays a crucial role. If the broader market experiences a bullish trend, Ether might benefit from the positive momentum. Conversely, a prolonged bearish sentiment could hinder its recovery.
2. Regulatory Environment: Regulatory clarity and favorable policies can significantly impact cryptocurrency prices. Positive developments in the regulatory landscape could boost investor confidence and drive Ether's value upward.
3. Network Developments: Ethereum's network upgrades and advancements, such as the transition to proof-of-stake, can influence investor sentiment and demand for ETH. Positive developments in this area could support a price rebound.
4. Institutional Adoption: Growing institutional interest in Ethereum can provide price support and drive demand. Increased adoption by large financial institutions could contribute to a bullish trend.
5. Macroeconomic Factors: Global economic conditions, interest rates, and inflation can impact investor risk appetite and cryptocurrency prices. Favorable macroeconomic factors could create a positive environment for Ether's recovery.
Technical Analysis: Beyond the Death Cross
While the death cross is a notable technical indicator, it's essential to consider other technical analysis tools to assess Ether's potential rebound. These may include:
• Support and Resistance Levels: Identifying key support and resistance levels can help determine potential price targets for a rebound.
• Relative Strength Index (RSI): The RSI can indicate whether Ether is oversold, which could suggest a potential buying opportunity.
• Moving Average Convergence Divergence (MACD): The MACD can provide signals about changes in momentum, helping to identify potential trend reversals.
Cautious Optimism
It's important to approach any prediction about Ether's rebound with caution. The cryptocurrency market is highly volatile, and past performance is not indicative of future results. While a rebound is possible, it's equally likely that Ether could continue its downward trend or experience sideways consolidation.
Investors should conduct thorough research, consider their risk tolerance, and diversify their portfolios before making any investment decisions. Stay informed about market developments, technical analysis, and fundamental factors to make informed choices.
Ultimately, the success of a rebound depends on a combination of technical, fundamental, and market factors. While the death cross is a significant event, it's just one piece of the puzzle. By carefully analyzing various indicators and considering the broader market context, investors can make more informed decisions about their Ether holdings.
Bullish after January 2025Bullish on ETH 🐂 Expecting a move towards $5,114.38 after or around January 2025. Strong fundamentals and recent development in ETF's are driving this positive outlook. I'm expecting price action to start move bullish in and around 2025, Dollar cost average ETH if the best bet.
ETH can rocket from this level Well, strap in, because we're about to blast off into the stratosphere of cryptocurrency analysis! 🚀
According to the latest data, Ethereum (ETH) is currently trading around $2,672.89, with a projected increase of 5% in the next 30 days. That's a pretty solid boost, but is it enough to send ETH into orbit?
Well, let's take a look at the long-term predictions. By 2025, some experts are forecasting a potential high of $6,563, while others are even more bullish, predicting a whopping $10,200 by 2030. That's a lot of zeros, my friend!
But before we start counting our digital chickens, let's not forget that the crypto market is about as predictable as a cat on a caffeine high. There are a lot of factors at play here, including the upcoming Bitcoin halving, the approval of Ethereum ETFs, and the overall state of the global economy.
So, can ETH rocket from this level? The short answer is: maybe. The long answer is: it depends on a bunch of different variables, and even the experts can't agree on a definitive answer.
In the meantime, why not sit back, relax, and enjoy the ride? After all, isn't the journey to the moon (or at least the top of the crypto charts) half the fun?
ETH target over 100001D time frame
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TP: $7306 / $10,000
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(1) $2100 is the best entry if fell again
(2) ETH is running Elliott Impulse Wave, and just completed the 1st and 2nd wave
(3) 3rd wave will come around 9/E, and reach its high in Jan ~ March 2025
(4) The low of 4th wave can be seen in April ~ June 2025
(5) The high of 5th wave can be seen in Oct ~ Nov 2025
(6) Keep being patient
ETH biggest whales accumulation BITSTAMP:ETHUSD
Possible Targets and explanation idea
➡️2 indicators from my set. The best for swing trading and investments zones
➡️ADZ (lowest indicator) showing we got biggest whales accumulation ever at 880$
➡️Fib retracement end of bull run was in April-May 2021 not in Autumn 2021. Open charts 90% of altcoins and you'll understand
➡️Tested -0.27 zone (historically on Weekly its an accumulation and last capitulation)
➡️Trade almost one year under and around Fundamental price and Buy line based on my Take profit indicator. Yellow line
➡️Take profit line now at 3212 around 0.5 and 0.618 level by fib.
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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ETH global trend since 2015BITSTAMP:ETHUSD
Possible Targets and explanation idea
➡️Trend based fib extension
➡️Amazing test 0.5 level
➡️If we dont drop again under 1420 we Have an all chances to close 0.78 lvl this year 2535 and move forward to the next targets.
➡️Targets conservative but just to be honest i dont think ETH will reach 10K next bull run
➡️ And yes everything that simple because crypto its a code and algorithm
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
---
• Look at my ideas about interesting altcoins in the related section down below ↓
• For more ideas please hit "Like" and "Follow"!
Ethereum's Bullish Momentum to Start Back: New ATHs by Year End?This optimism is fueled by findings from the Elliott Wave 2.0 analysis, which provides insights into market patterns and potential future movements.
Elliott Wave 2.0 Analysis
Elliott Wave Theory is a popular method used to predict market trends by identifying recurring price patterns. The updated 2.0 version offers enhanced interpretations, taking into account more complex market dynamics. According to this analysis, ETH's recent surge is part of a larger bullish wave, indicating potential for further growth.
My current trajectory and market conditions suggest that Ethereum could reach new ATHs by the year's end. However, it's important to consider potential risks, such as potential changes in macroeconomic factors, which could impact the crypto market. however I firmly believe all this recent drawdown was only a healthy correction and the way forward for cryptos are only up.
ETH/USDT 1-day chart update:! ETH/USDT 1-day chart update:
ETH has broken below a crucial support level, indicating potential further declines.
The price is close to a crucial ascending trendline, which could act as
a bounce back with potential resistance around $2,800 if the trendline holds.
If the trendline fails, the price could drop to around $2,000.
Monitor trading volumes to gauge the strength of the current move.
Check RSI levels for oversold conditions, which could signal a potential reversal.
Traders should remain cautious and keep an eye out for any signs of trend reversal or continuation.
Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
ETH - Short-term long, long-term bearishETH - Short term, bullish as fear works it's way out of the market and we hit oversold levels. I foresee ETH attempting to get to it's main moving averages and the 50 DMA, but we are very close to a Death Cross on the daily so any bounce I expect will be short-lived.
#ETH/USDT WEEKLY CHART ANALIYSIS !The ETH/USDT weekly update shows a bearish breakdown below a key support level, with the price currently at $2,502.09. Ethereum is approaching an ascending trendline, a crucial support level. Failure to hold this level could cause the price to drop to around $2,000. Conversely, a bounce off this trendline could face resistance at the previous support level of $2,800. Traders should keep an eye on volume and RSI signals to gauge the strength of the current downtrend and potential reversal points.
Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
Ethereum's Revival A Prime Opportunity for a Strong Rebound Analyzing the current market conditions for ETH/USDT, there are several technical indicators suggesting that Ethereum might be poised for a significant upward movement from its current price of $2,444. The recent sharp decline in price has brought Ethereum to a crucial support level, which has historically acted as a strong foundation for upward reversals.
Firstly, the Relative Strength Index (RSI) has dropped below the 30 level due to the recent sell-off, indicating that Ethereum is currently in oversold territory. This suggests that the selling pressure may have been overextended, providing a potential opportunity for buyers to enter the market and capitalize on the discounted price.
The Moving Average Convergence Divergence (MACD) is also starting to show signs of a bullish crossover. The MACD line is approaching the signal line from below, which often precedes a bullish trend reversal. This potential crossover, coupled with the oversold RSI, strengthens the case for a price rebound.
Additionally, the Bollinger Bands have expanded significantly during the recent price drop, reflecting increased volatility. However, the price has begun to stabilize around the lower band, suggesting that the downward momentum is waning and a reversal could be on the horizon.
Furthermore, the trading volume has spiked dramatically during the sell-off, indicating heightened market interest and participation. Historically, high volume during price declines can precede reversals as it suggests that new buyers are stepping in to absorb the selling pressure.
The Fibonacci retracement levels also align with this analysis, as the price is currently hovering around the 61.8% retracement level from the previous rally. This level is often considered a strong support area where price reversals are likely to occur.
From a fundamental perspective, Ethereum continues to see strong network activity and development progress, further supporting the potential for a rebound. The recent pullback may have been driven by broader market sentiment rather than any Ethereum-specific issues, providing an attractive entry point for long-term investors.
Given these factors, it seems like an opportune moment to consider buying ETH/USDT in anticipation of a medium-term price increase. The combination of oversold conditions, technical support levels, and strong fundamental backing suggests that Ethereum is well-positioned to recover from its recent dip and potentially target new highs in the coming weeks and months.
ETH ForecastTrend Channels and Correction: There are two distinct descending trend channels visible on the chart. Currently, the price is near the lower boundary of these channels and might make an upward correction. This correction could aim towards the resistance levels marked above.
Fibonacci Levels: The price appears to have touched the 1.618 Fibonacci extension at the 2,914.76 level. A reaction from this level is likely, and the price could move upwards to test the resistance levels.
Support and Resistance Levels: Several important support and resistance levels are drawn on the chart:
Resistance Levels: 3,125.86, 3,232.67, 3,306.00, 3,390.57, and 3,581.27.
Support Level: 2,914.76.
RSI (Relative Strength Index): The RSI indicator is close to the oversold region. This suggests that the price might soon experience an upward recovery.
MACD (Moving Average Convergence Divergence): The MACD indicator might be signaling a potential upward reversal.
Conclusion:
The Ethereum price could potentially rebound from the lower boundary of the descending channel and initiate an upward movement. The first target for this upward movement could be the 3,125.86 resistance level. If it can break this level, it may test the 3,232.67 and 3,306.00 resistance levels subsequently. However, market conditions and the overall trend should be considered, and risk management is essential.