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ETH - ☀️ & Slightly Bullish for the Week AheadLast week, three issuers obtained approval to launch spot Bitcoin and Ether ETFs by Hong Kong’s Securities and Futures Commission (SFC). These new funds will start trading on April 30, according to various sources, including 10x Research. The approval of the first spot ETH ETFs in the US next month does, however, seem unlikely. “Eerily quiet on spot eth ETFs… Consensus is SEC will disapprove in May. Reason = lack of engagement w/ issuers. Logic says that’s correct, but also wonder if SEC learned lesson from clown show w/ spot btc ETFs. Either way, options are either A) approve or B) face lawsuit IMO,” said Nate Geraci, the co-founder of the ETF Institute. The price of Ether fell 1.1 percent to $3,187 over the past 24 hours. A bullish sun shines over most of the global crypto market in the next 24 hours. Mostly sunny trading conditions prevail over Ethereum, which translates into a slight upside potential. Ripple’s XRP, Avalanche and Chainlink face bearish clouds, signaling downside risks. Over a one-week horizon, the bullish sun should continue to shine over the cryptoverse, with the exception of Binance Coin and Uniswap, which all face bearish clouds. Follow this account for more crypto news and weather reports!
BITSTAMP:ETHUSDLong
by ATTMO
1
Ethereum Eyes $3,600 Resistance as Bullish Signals EmergeEthereum, the world's second-largest cryptocurrency by market capitalization, is exhibiting signs of a potential breakout after a period of consolidation. Recent technical indicators, including a Simple Moving Average (SMA) crossover and price action hovering near a resistance level, suggest a bullish outlook for Ether (ETH). Breaking Down the Bullish Signals: • SMA Crossover: A Simple Moving Average (SMA) is a technical indicator used to gauge an asset's price trend. A recent crossover has occurred where the short-term SMA (often the 50-day) has crossed above the long-term SMA (often the 200-day). This crossover historically signifies a shift in momentum towards an uptrend. In Ethereum's case, the recent crossover suggests a potential break above resistance levels and sustained price increases. • Price Consolidation Around $3,600: Following a volatile period, Ethereum's price has been consolidating around the $3,600 mark. This consolidation phase indicates a period of indecision between buyers and sellers. However, if the price manages to break decisively above this resistance level, it could signal a continuation of the uptrend. • Underlying Demand: Despite the recent market volatility, there appears to be underlying demand for Ethereum. The ongoing development of the Ethereum ecosystem, including the highly anticipated shift to a Proof-of-Stake consensus mechanism, is attracting investor interest. This could provide long-term support for ETH prices. Potential Roadblocks: While the technical indicators are encouraging, some factors could impede Ethereum's upward trajectory: • Macroeconomic Uncertainty: The broader macroeconomic environment remains a source of concern for investors. Rising inflation and potential interest rate hikes by the US Federal Reserve could dampen risk appetite, impacting cryptocurrency prices, including Ethereum. • Regulatory Landscape: Regulatory uncertainty surrounding cryptocurrencies persists. Increased government oversight could potentially stifle innovation and adoption within the Ethereum ecosystem, impacting its long-term growth prospects. • Competition: The cryptocurrency market is a highly competitive landscape. The emergence of new blockchain platforms vying for market share could pose a challenge to Ethereum's dominance. The Path Forward The success of Ethereum's potential breakout hinges on several factors. Overcoming the $3,600 resistance level and maintaining momentum above it will be crucial. Additionally, positive developments within the Ethereum ecosystem, coupled with a favorable macroeconomic environment, could further fuel the rally. Investors should closely monitor the following: • Price Action: Sustained price movement above the $3,600 resistance level is a key indicator to watch. • Trading Volume: Increasing trading volume alongside a rising price suggests strong buying pressure. • Regulatory Developments: Any regulatory clarity or positive pronouncements could boost investor confidence. Conclusion Ethereum's recent technical indicators and price action paint a cautiously optimistic picture. The SMA crossover and price consolidation near $3,600 suggest a potential breakout. However, navigating the broader market uncertainties and overcoming competition will be essential for Ethereum to sustain its upward trajectory. Investors should conduct thorough research and maintain a risk-tolerant approach before entering the cryptocurrency market.
BITSTAMP:ETHUSDLong
by bryandowningqln
2
$RLC looks amazing for a midterm Trading the double bottom pattern involves identifying a bullish reversal pattern on a price chart and making trading decisions based on the pattern's confirmation. Here's a step-by-step guide on how to trade the double bottom pattern: **Identify the Double Bottom Pattern**: A double bottom pattern appears on a price chart after a downtrend and consists of two consecutive troughs (lows) with a peak (high) between them. The lows are approximately equal and signify a possible reversal in the downward trend. **Confirm the Pattern**: Before initiating a trade based on the double bottom pattern, it's essential to confirm its validity. Look for several signs to confirm the pattern: ` - Volume: Ideally, the volume should decline as the pattern forms and increase when the price breaks above the confirmation level. - Symmetry: The two troughs should be roughly equal in depth and width, forming a "W" shape. - Price Breakout: Wait for the price to break above the peak (high) between the two troughs, confirming the pattern. ` **Entry Point**: Enter a long position (buy) once the price breaks above the peak (high) that separates the two bottoms. Some traders prefer to wait for a slight pullback after the breakout for a better entry point. **Stop Loss Placement**: Place a stop-loss order below the lowest point of the double bottom pattern or slightly below the breakout level. This helps to limit potential losses if the pattern fails to hold, and the price resumes its downtrend. **Take Profit Target**: Calculate the distance between the lowest point of the pattern (the bottom of the "W") and the peak (high) that separates the two bottoms. Then, project this distance upwards from the breakout point. This distance can serve as a potential target for taking profits.
Long
by Crypto-Adda_Official
ETHUSD Analysis 202 Crypto Analysis (21st April 2024) ETHUSD Analysis On the 4 hour Timeframe, Price action is currently retracing into a FVG which created a Change of character before attempting to break a lower low and failing. If price action respects the FVG or the OB on the 4 hour timeframe and create a change of character at the 3021.30 Level price action is more than likely to break and retest that level to continue lowerr taking out the sell slide liquidity Below. However, if price action decides to break aggressively above the 3279 level, there is a high chance price action will pump towards the 3550 Level. Keep a look out for bullish confirmation like a break and retest, or a retest of a bullish FVG.
BINANCE:ETHUSD
by CallistoFX
1
ETH/USDT presenting wonderful scenario? What Next👀💎 Paradisers, let’s explore the captivating movement of #ETHUSDT currently, it is raises probability of bullish continuation from the weekly low range at $2860.84. Although the price is trading above this range, this level remains crucial due to the presence of sound liquidity. 💎 Another intriguing scenario to consider is if #ETHEREUM fails to break the weekly low and drops below it. In such a case, our point of interest shifts to the lower bullish order block (OB) at $2606. There exists a high probability that the price will sustain momentum at this level and embark on a bullish move, potentially mitigating the impact of the bearish order block. 💎 Caution is advised, as CRYPTOCAP:ETH falling below this OB level could signal a shift toward a bearish trajectory. Stay vigilant and adapt to market movements! As always, remember to employ prudent trading strategies and implement proper stop-loss measures! Stay alert, monitor market movements, and eagerly anticipate further insights MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
5
$EDU looks ready for bounce Sure, here's a concise explanation of demand and supply trading in four points: 1. **Identification of Supply and Demand Zones**: Traders analyze price charts to identify areas where supply and demand imbalances occur. Supply zones are where there's an excess of sellers, causing prices to fall, while demand zones are where there's an excess of buyers, leading to price increases. 2. **Price Action Confirmation**: Traders use price action confirmation techniques to validate the presence of supply or demand zones. This may involve looking for specific candlestick patterns, volume analysis, or other technical indicators that indicate a shift in supply or demand dynamics. 3. **Trade Execution Based on Zones**: Once supply or demand zones are identified and confirmed, traders enter positions based on their trading strategy. They may sell or short at supply zones and buy or go long at demand zones, aiming to capitalize on price movements driven by these imbalances. 4. **Risk Management**: Proper risk management is essential in demand and supply trading. Traders set stop-loss orders to limit potential losses and manage position sizes to protect their capital. By managing risk effectively, traders aim to preserve capital while maximizing profits from successful trades.
Long
by Crypto-Adda_Official
Ethereum price to BitcoinHere's the information about Ethereum's price relative to Bitcoin: Price tends to rise after halving: Historically, the price of Ethereum compared to Bitcoin (ETH/BTC) has a tendency to peak around a year after a Bitcoin halving event. Price dips after the peak: Following this peak, the price of ETH/BTC typically falls for several months, reaching its lowest point somewhere between 5 and 6 months after the halving. Price holds above previous lows: There's an interesting trend where the price of ETH/BTC seems to never fall below the lowest point it reached during the previous cycle (year-long period) Currently, in a buying phase: Right now, it's believed that ETH/BTC is in an accumulation phase, where the price is slowly going up in anticipation of a future rise.
Long
by frmnCapital
2
$CKB performing Falling wedge in 4hr TF Keep eyes on it Sure, here are three key points on how to trade in a falling wedge pattern: 1. **Identify the Falling Wedge:** Look for a downward sloping trendline connecting the lower highs and a second trendline connecting the lower lows, creating a wedge shape. The price should be gradually narrowing within this pattern, indicating a potential reversal. 2. **Wait for Confirmation:* * Wait for confirmation of a bullish reversal. This can be signaled by a breakout above the upper trendline of the falling wedge pattern, accompanied by increased volume. This breakout validates the pattern and suggests that buying pressure may be overcoming selling pressure. 3. **Set Stop Loss and Target:** Set a stop-loss order below the lower trendline to limit potential losses in case the trade fails. Determine a target price based on the height of the wedge pattern, measured from the initial high to the low within the wedge, and project that distance upward from the breakout point. This provides a potential profit target. Remember to always manage risk and be cautious of false breakouts by waiting for confirmation signals before entering a trade.
Long
by Crypto-Adda_Official
2
$ENA Breakout Falling wedge in 2hr TF ** XETR:ENA Breakout Falling wedge in 2hr TF ** 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.
Long
by Crypto-Adda_Official
ETH is shaping weekly higher lowEthereum is trying to set weekly higher low (we're still in a weekly uptrend, setting weekly higher low is strong signal of trend continuation). It failed one time (last week of March) but now it has better chance of accomplishing it. While it opens opportunity for a LONG play we should recognize that there was quite aggressive selling in the middle of March. Bears might be still waiting at certain levels (marked on the chart). So, entering trade at this moment doesn't provide good P/L ratio. It would be better to wait for some sort of retest (e.g. lower value area, near current week low) to enter. Consider partial profit taking at resistance zones. Example of the trade is shown on the chart. Disclaimer I don't give trading or investing advice, just sharing my thoughts.
COINBASE:ETHUSDLong
by hermes_trisme
Ethereum Skyrockets: Next Stop $5,400?Ethereum indicates that we are now approaching the completion of Wave 3, which is expected to be between $3,274 and $5,400. There is potential for an increase in the coming days that could drive prices significantly higher. However, the 161% extension level within Wave 3 is seen as very important and significant, and the resistance line at $3,581 could become a major hurdle. Accordingly, preparations for a retreat to Wave 4 are being made, based on the subordinate wave structure, which is expected to be between 38.2% and 61.8% and would place it between $2,600 and $2,200. Nevertheless, there is still considerable potential for an upward movement to complete the overarching Wave 3, which is likely to coincide with the previous peak of Wave 5 at $2,400, representing an almost 72% increase. Such a retreat is considered crucial at this stage of the market, as it provides an opportunity for a subsequent rise and the possibility to "flush out cheap money" from the market, thus setting the stage for healthier market dynamics in the future.
CRYPTO:ETHUSDLong
by stromm_by_wmc
2