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Bullish Outlook for Ethereum (ETH/USD)COINBASE:ETHUSD In this chart, we analyze the weekly price action of Ethereum (ETH/USD) using Elliott Wave Theory. The chart shows a clear wave structure, indicating potential future price movements. Wave A (2022 Downtrend): Ethereum experienced a significant decline, marking the completion of Wave A. This wave is characterized by a sharp drop in prices, indicating strong bearish sentiment. Wave B (2022-2023 Correction): Following the decline, Ethereum entered a corrective phase, forming Wave B. This phase shows a temporary recovery but doesn't surpass the previous high. Wave 1 of C (Early 2023 Rally): Wave 1 initiates the start of a new bullish cycle. Ethereum begins to recover, showing a strong uptrend with increasing investor confidence. Wave 2 (Mid-2023 Pullback): Wave 2 is a corrective wave, characterized by a pullback in prices. This wave often retraces a portion of Wave 1, offering a buying opportunity. Wave 3 (Late 2023 Surge): Wave 3 is typically the most powerful wave in the Elliott Wave structure. Ethereum experiences a robust rally, surpassing previous highs and indicating strong bullish momentum. Wave 4 (Early 2024 Consolidation): Wave 4 is a consolidation phase, where prices stabilize and form a base. This wave often exhibits sideways movement, preparing for the next upward thrust. Wave 5 of C (2024 Bullish Continuation): Wave 5 marks the final leg of the bullish cycle, leading to new highs. Ethereum is expected to reach its all-time high (ATH) during this wave, driven by strong market sentiment and fundamental factors. Subwaves within Wave 5: Detailed subwaves within Wave 5 show the intricate price movements and corrections. These subwaves help in identifying potential entry and exit points for traders. ⚠️ This analysis is not financial advice and is intended for educational purposes only. Traders should do their own research and consider their risk tolerance before making any trading decisions.
BINANCE:ETHUSDLong
by Trwin
Technical Analysis of Ethereum (ETH/USDT) by Blaž FabjanTechnical Analysis of Ethereum (ETH/USDT) Chart Overview: The chart depicts the ETH/USDT price action on a 4-hour timeframe, showcasing a falling wedge pattern, which is generally considered a bullish reversal pattern. Here are the key observations: Falling Wedge Pattern: The falling wedge is marked clearly, indicating a potential upward breakout. The pattern is confirmed by the higher lows and lower highs converging towards the apex. Support and Resistance Levels: Resistance Zones: $3,600 - $3,800 and $4,000. Support Zones: $3,200 - $3,400. Volume: The volume is relatively low but picking up near support zones, which is a typical characteristic before a breakout. Indicators: VMC Cipher B: Showing potential divergences with green dots indicating possible bullish momentum. RSI (14): Currently at 42.06, suggesting the market is not overbought and has room to move up. Stochastic RSI: Showing oversold conditions, which could indicate a buying opportunity as it crosses upwards. Trading Plan Intraday Trading Strategy: Use support and resistance levels for quick trades. Entry: Buy near the support zone ($3,200 - $3,400) when confirmed by bullish indicators (e.g., green dots on VMC Cipher B). Target: Sell near the first resistance zone ($3,600 - $3,800). Stop Loss: Place a stop loss below $3,200 to manage risk. Scalping Strategy: Take advantage of small price movements within the support and resistance zones. Entry: Buy on minor pullbacks within the wedge near $3,300 - $3,400. Target: Aim for small profits at $3,450 - $3,500. Stop Loss: Place tight stop losses around $3,280 to minimize losses on quick trades. Swing Trading Strategy: Capitalize on the potential breakout from the falling wedge. Entry: Buy once price breaks and retests the upper trendline of the wedge around $3,500 with confirmation from volume increase. Target: First target at $3,800, with a potential move to $4,000. Stop Loss: Place a stop loss below the retest level, around $3,400. Conclusion and Advice Given the technical indicators and the falling wedge pattern, Ethereum (ETH) is showing signs of a bullish reversal. Traders should consider the following: Long Positions: Favorable for all trading strategies (intraday, scalping, and swing trading) as the pattern and indicators suggest an upward movement. Enter positions near support levels and on confirmed breakouts. Short Positions: Not advisable at this stage unless there's a confirmed breakdown below the support zone of $3,200, which could invalidate the bullish pattern. Recommendation: Based on the chart, a long position is recommended with careful attention to the support and resistance levels. Monitor the indicators for any shifts in momentum and adjust the trading strategy accordingly. Always use stop losses to manage risk effectively.
Long
by elfabiiani
200,000 ETH Options Expiry: The Perfect Time to Go LongHold onto your seats because we have some thrilling news coming your way! The Ethereum market is buzzing with excitement as we approach a massive 200,000 ETH options expiry. This is a pivotal moment that could send Ethereum's price soaring to new heights, and you won't want to miss out on the action! As the expiry date looms, demand for Ethereum is already spiking. Traders across the globe are gearing up for what could be a monumental price movement. The big question on everyone's mind: How far can Ethereum's price go? Here's why this could be a golden opportunity: **High Demand:** The sheer volume of options set to expire is creating a frenzy of activity. More demand often translates to higher prices. **Market Sentiment:** Positive sentiment around Ethereum and its future developments is stronger than ever. This is a prime time to capitalize on the bullish momentum. **Technical Indicators:** Many technical analysts are pointing to bullish patterns that suggest a significant upward movement is on the horizon. Now is the time to make your move and consider going long on Ethereum. The potential for substantial gains is within reach, and you don't want to be left on the sidelines. Don't miss out on this electrifying opportunity. Get in on the action now and position yourself for potential significant returns. Let's ride this wave together! Happy trading, Remember, the early bird catches the worm! Make your move before the market reacts.
COINBASE:ETHUSDLong
by bryandowningqln
💎ETHUSD: FULL Multitimeframe analysis💎A lot of bullish confluence at the moment for ETH ☝️Do not act based on my analysis, do your own research!! Learn from my experience, with all the mistakes and pain shared on the way to the main goal - consistency. I'm always glad to discuss and answer questions. ⚠️ ALL videos and ideas here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. DO NOT act based on my analysis, do your own research!!
BITSTAMP:ETHUSDLong
by Yelli_trades
20
BTC breakout done - ready for next move ** CRYPTOCAP:BTC performed Falling wedge in 1D TF ** Keep eye on it Trading a falling wedge breakout involves identifying a chart pattern called a falling wedge and executing trades when the price breaks out of this pattern. Here are the steps you can follow: 1. **Identify the Falling Wedge:** - Look for a downtrend in the price movement. - Identify converging trendlines where the upper trendline (resistance) slopes down at a steeper angle than the lower trendline (support). - The pattern resembles a wedge pointing downwards. 2. **Confirm the Falling Wedge:** - Confirm the pattern using other technical indicators like volume. Ideally, during the formation of a falling wedge, the trading volume should decrease. 3. **Wait for Breakout:** - Patiently wait for a breakout to occur. Breakout refers to the point where the price moves above the upper trendline of the falling wedge. - The breakout should ideally be accompanied by a noticeable increase in trading volume, confirming the strength of the breakout. 4. **Entry Point:** - Enter a long (buy) position as soon as the price breaks above the upper trendline. - Some traders prefer to wait for a confirmed close above the upper trendline to reduce the risk of false breakouts. 5. **Stop-Loss Placement:** - Set a stop-loss order below the lower trendline or a recent swing low. This helps limit potential losses in case the breakout fails and the price moves back into the wedge. 6. **Target Price:** - Determine a target price based on the height of the wedge. Measure the distance from the widest part of the wedge to the starting point of the wedge and project that distance upwards from the breakout point. Remember that trading always involves risks, and it's crucial to have a well-thought-out strategy, risk management plan, and the discipline to stick to your plan.
BINANCE:BTCUSDLong
by Crypto-Adda_Official
2
ETHUSD Daily outlookETHUSD has consolidated between $3973 and $3700 despite BTC's bullish trend.It hit a high of $3840 yesterday and is currently trading around $3803. The Volatility Shares 2x Ether Strategy ETF (ETHU) will become the first leveraged ETH futures to be traded in CBOE from June 4th before launch of ETH ETF. The intraday bullishness is possible if it holds above $4000. On the higher side, the near-term resistance is $4000. Any significant jump above the target is $4500/$5000. Significant bullish continuation only above $4800. The immediate support is around $3700. Any breach below $3700 confirms bearish continuation. A dip to $3500/$3200/$2800 is possible. A violation below $2800 will drag the Ethereum to $2500/$2300/$2000. It is good to buy on dips around $3700 with SL around $3500 for TP of $4500.
PEPPERSTONE:ETHUSDLong
by Mr-Madridi
1
Ethereum (ETH) Technical Analysis and Trade IdeaIn a recent rally, Ethereum demonstrated significant momentum. In our video analysis, we delve into potential long positions, contingent upon price meeting our entry criteria. Observing the 4-hour chart, we note a prior bearish trend that has now been disrupted by a bullish break in market structure. My bias leans toward a long position, but it remains subject to price action developments outlined in the video. Disclaimer: This content is not financial advice.
Long
by fxtraderanthony
ETH/USDT 4HOUR CHART UYPDATE Hello friends, welcome to this ETH update from Crypto Sanders. ETH/USDT Brief Update Ethereum (ETH) is currently trading within a head and shoulders pattern on the 4-hour timeframe, as seen in the chart. Here are the key points: ETH is showing a head and shoulders formation, which typically signals a potential bearish reversal. Resistance and Support: Around $3,950 to $4,000 (highlighted by the left and right shoulders). Close to $3,640 (lower boundary of the pattern). A breakout above the right shoulder (~$3,850) could lead to further gains. A breakdown below the support level (~$3,640) would confirm the head and shoulders pattern, which signals a potential decline. Monitor the $3,850 resistance level for signs of a breakout. Keep an eye on a potential breakdown below $3,640 for bearish confirmation. Stay tuned for further updates and analysis! I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Short
by CryptoSanders9563
Let's hope ETHEREUM DOES NOT do THIS 😨BINANCE:ETHUSDT Ethereum is looking bullish after a strong bounce and a successful retest of the support zone at 2800. According to all Fibonacci logic, we SHOULD be hitting the 1.618 zone SOON. But we're not out of the woods just yet. There's a risk of a very bearish pattern forming IF we cannot close the daily ABOVE our previous resistance zone. This would form a nasty M-Pattern that could takes us back to 2800 and even lower. Technical indicators are extremely bullish right now, but this does not guarantee that sellers aren't waiting for us around the corner at 4000. Naturally, we can expect ETH to keep on following BTC closely over the next week. If Bitcoin makes another leg up, Ethereum will soon follow a day or two later. _______________________________
Long
by CryptoCheck-