Daily Ethereum Update - March 5, 2024Since yesterday CRYPTOCAP:ETH has been showing more strength relative to Bitcoin, which is interesting since the spot ETH ETF was delayed yesterday and should have been bearish for ETH's price action. I think ETH is making some upward progress to the $3,944.66 price target discussed in previous updates.
Ethlong
ETHEUR Rainy SummerHi Traders!
so far so good ETHEUR
Now we seem to have a little problem though!!
we have a good resistance at about 1600..
if we keep it we will go up if not we will see lower numbers.
but in the long term we will see quite large numbers!!
huge caution with the SL AND TP
be very careful with Risk Management
ETHUSD BUYING ON DIPS !!!HELLO TRADERS,
I am watching Ethereum chart it is respecting the trend line and we have a great opportunity for buying this pair with a very low risk and higher rewards
The Number of addresses with a balance on the Ethereum network is increasing
Breaking above resistance zone could trigger a bullish phase towards $3,500
its just an trade idea kindly share Ur thoughts in comments we appreciate Ur love
stay tuned for more updates
DOGE MOON Vs ETH MOON MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space.
DOGE broke out very big from my last video , its not too late to get on board . It will have a nice move in very near future but watch the video to find out when it can moon . Very important information
It has very good structure and price action Similar to Ethereum last bull market
its a moon structure
Please watch the video for more information
have a great weekend
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the ETH 1-day update.
A detailed examination of the daily chart underscores Ethereum’s robust bullish momentum, as the price undergoes a substantial and impulsive upward movement, reaching the critical resistance area represented by the prior major yearly high of 3.6K.
Despite the formidable barrier at 3.6K, Ethereum’s overall outlook remains highly bullish, with market participants largely anticipating a successful breach of this level in the coming weeks.
Such a breakthrough would likely signal the expansion of the uptrend towards Ethereum’s ATH, positioning the price for a new high in the medium term. However, until such a breakout occurs, the 3.6K price range is likely to serve as a containment zone for Ethereum’s movements.
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.
📈 ETH $14K!!! 🌶In the monthly time frame, Ethereum is a few steps away from bearish liquidity.
After reaching this area, we can expect consolidation in the $1927 area.
We will probably have a few shadows on the liquidity box below this level and then the movement towards GETTEX:13K - GETTEX:14K will begin.
NFA
My new girlfriend. JTO!!!A large triangle formation has formed on the JTO chart, and before breaking out anywhere, it may pull back towards the 1.93 region and then experience a nice increase.
NOTE: Unlike others, this analysis has not been thoroughly researched due to personal reasons and has been looked at only instinctively. If you have the opportunity and time, looking at other sources related to JTO may be more beneficial for you. Good day, and profitable trades.
ETC Feb 28 - is in breakout modeAnother Gem sharing from the TTR
One of my favorite and under valued coin imo.
It still can be mined and I'm sure the mining equipment will sky rocket when this goes above $75
My targets are on the chart, those were posted long time ago as well as the long-term targets.
Very bullish weekly candle here, expect a strong continuation into 32.50+
The first maj target is $46-50
ETH - LONGS VS SHORTSCRYPTOCAP:ETH
A simple visual of what tends to happen with the LONGS/SHORTS vs Price Action
Are you able to see that the ratio is currently showing a more bullish setup that not just the bear market lows but also all of recorded history ATM...
Are you ready for what comes next...?
Ethereum: Preparing for Deeper Corrections
Given that we've surpassed the 138% level, we must anticipate a more profound downward trend. We find ourselves in what appears to be a Wave ((ii)) correction, and we won't force an entry. Instead, we're adopting a long-term stance on Ethereum, avoiding the catch of falling knives. We expect a retracement between 50% and 78.6%, targeting the $2,300 to $1,860 range for Wave ((ii)) to find its support. The exact timing of this correction is uncertain and likely will take some time to fully materialize.
Consequently, a continued significant rise doesn't align with our expectations. Thus, we are positioned to anticipate a decline to at least 50% and at most 78.6% retracement. Should the price drop to these levels, it could potentially fall as low as $1,500. If it turns in this area we expect Ethereum to go to at least $4500.
ETHUSD | Market outlookCRYPTOCURRENCY MARKET REVIEW
The cryptocurrency market resumed active growth: BTC is trading around 30900.00 (+10.0%), ETH is at 2120.00 (+14.3%), USDT is around 1.0003 (+0.05%), BNB is at 335.00 (+7.1%), and USDC – around 0.9988 (+0.02%). The total market capitalization has grown to 1.288B dollars, and the share of BTC was 46.34%.
The quotes are supported by expectations of correction of the US Federal Reserve's monetary rate after the publication of US data on inflation for March, which recorded a greater slowdown in price growth in the country than experts expected. Thus, the consumer price index was 0.1% instead of the forecasted 0.2% MoM and 5.0% instead of 5.2% YoY, strengthening investors' hopes that regulator officials will soften the «hawkish» rhetoric in May or June. In this case, the pressure on the country's economy may weaken, and the demand for risky assets may increase. In this regard, the founder of Galaxy Digital, Mike Novogratz, predicted the price of the world's first cryptocurrency to rise to 40.0K dollars after the start of lowering interest rates, which will not be possible until the end of the year.
The growth leader was ETH, which was additionally supported by the launch of the Shapella (Shanghai-Capella) update on the main Ethereum network. The fork took place on April 13 at block 194048 and activated the EIP-4895 function, which allows investors to withdraw coins previously blocked on the network. Contrary to the fears of some experts, this did not lead to a mass sale of the token and a fall in the cryptocurrency rate. Indeed, some stakers have chosen to withdraw their assets but so far their number is insignificant. According to Glassnode experts, the current momentum could lead to the sale of about 170.0K unlocked ETH within seven days of the fork activation, which is less than 1.0% of the total volume (18M ETH).
Among other news of the week, it is worth highlighting the launch by the social network Twitter of the opportunity to trade various assets, including cryptocurrency. Thanks to the partnership between the network and the eToro platform, clients of the site will now be able to see the price charts of digital assets and stocks, as well as buy and sell them, which will further popularize cryptocurrencies. The London Stock Exchange (LSE) has announced the launch of BTC futures and options trading. To ensure this, it has entered into a partnership agreement with the Global Futures and Options (GFO-X) cryptocurrency trading platform. It is assumed that trading in futures and options on BTC will become available in the UK from the fourth quarter of this year and for EU citizens later.
In general, the situation in the cryptocurrency market is improving, and the enthusiasm of investors associated with the possible suspension of the US Federal Reserve cycle of raising interest rates supports the strengthening of prices.
Ethereum' Got Next: Marching Towards the 3Ks again🚀💡 Ethereum's Uptrend Journey: Marching Towards New Heights! ✨📊
Ethereum traders, fasten your seatbelts! Our technical radar has spotted a remarkable trajectory for Ethereum. After navigating a tough rejection at $2,650 and finding solid support at $2,144, Ethereum is showcasing its resilience by pushing past the $2,250 mark. What's on the horizon? We're targeting key levels at $2,586, $2,918, and an ambitious $3,273.
The timeline for these milestones? The end of March holds promise. Our unwavering focus on Ethereum continues to pay off, considering our strategic re-entry at the $895 level, juxtaposed against our previous short position at the all-time high near $4,000.
This analytical journey is not just about the numbers but a testament to the fortitude of Ethereum amidst market fluctuations. With each support and resistance level conquered, Ethereum is carving a path towards new potential peaks.
As the market ebbs and flows, remember that each level surpassed is a step closer to our goal. Stay vigilant, align your trades with these technical insights, and be prepared for a dynamic end to March.
One Love,
The FXPROFESSOR 💙
Stay updated with the latest Ethereum trends and analysis
ETHUSD LONG IDEA to 3577.41ETHUSD LONG IDEA
IF daily close is above 2981.33 i can see further upside to:
3577.41
i have entered as of from 2981.33but to be safer id enter again at that mark if daily close is above it.
ENTRY: 2981.33
TAKE PROFIT: 3577.41
stop loss: 2722.16
again where i have entered is failry risky.
but the target is: 3577.41
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the ETH 1-day update.
the price has been rallying after rebounding from the 2,200 support level a month ago. Both the 2,400 and 2,700 resistance levels have been broken with ease, and the price has also pushed above the large ascending channel. The 3,000 resistance level is currently being tested, and the market is failing to climb higher. ETH’s price might decline toward the 2,700 level in case a correction occurs before breaking higher.
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.
Ethereum: Rally or Trap? ❌Like other cryptocurrencies, Ethereum has recently experienced a sharp increase that exceeded our expectations, prompting us to reassess our initial scenario. Initially, we anticipated another correction downwards to complete our premiere scenario.
Upon reevaluation of the daily chart, it appears we might be in the overarching blue Wave (3). However, a closer look suggests we've completed the Wave ((i)) and are now facing an ABC correction towards a Wave ((ii)). This assessment is based on the clear structure observed.
The 2-hour chart does not indicate a discernible Wave 2 thus far. Therefore, we presume we're in the correction phase of Wave ((ii)), as long as the $3,000 mark isn't surpassed. Breaking this threshold would necessitate a reevaluation of our scenario, though this is deemed unlikely until the expected correction occurs.
Following this correction, we anticipate that the subordinate Wave 3 of the overarching Wave (3) will reach the $3,580 level. Subsequently, the price should aim for our target range of $4,300 to $5,000.
In summary, as long as we do not exceed the 138% level, namely the $3,000 mark, on the 2-hour chart, we expect a five-part wave structure downward leading to a Wave C/Wave 2.
ETH Upside Potential in the Next 3D & 1W, $3K & Up? Galaxy Digital acquired 26,000 Ethers on Tuesday, worth around $76 million at today’s price, on-chain data from Lookonchain shows. This pushed the price of Ether above the $3,000 threshold for the first time since April 2022, before falling back.
“$3,000 for Ethereum. To be honest, it’s still undervalued to #Bitcoin. Given the valuation of Bitcoin at $52,000, it would be normal to have a valuation of $3,800 per $ETH. The upside is gigantic,” said the CEO of MN Trading Michaël van de Poppe.
“The Ethereum rally is supported by the March Dencun upgrade but, more importantly, by the expectation that a) the Bitcoin halving is bullish for crypto and b) that Ethereum ETFs will be approved by the SEC” in May, the Head of Research at 10x Research, Markus Thielen, said in a research note.
Ether rose 0.5 percent to $2,943 over the past 24 hours. A bullish sun shines over both Bitcoin and Ether over the course of the next 3 days and week, indicating upside potential. Binance Coin and Dogecoin should also profit from this bullish trend, ATTMO shows.
Follow us for more crypto weather reports!
ETDUSD (W) is poised to approach the $30K in the near futureBINANCE:ETHUSD ETDUSD (W) is poised to approach the $30K in the near future
ETDUSD (W) is poised to approach the $30K price threshold in the near future. The distinct bullish response within Fibonacci extension zone 1 ( GETTEX:29K -$32K) is evident. However, the sudden surge in price has activated a cautionary signal from the RSI indicator, suggesting a potential correction.
RSI divergence has materialized, prompting a corrective response in the recent period. The recent uptrend lacks substantial volume, particularly observed within a candle featuring a prominent upper wick.
Therefore, for holders of this digital currency, a prudent strategy involves establishing a secure stop-loss level to preserve existing profits and setting a take-profit target within the GETTEX:29K -$30K price range.
For those observing from the sidelines, exercise caution, refrain from succumbing to FOMO during this period, and await signals from the impending correction.
🚨#ETH/USDT Long#ETH
The price moves in bullish waves on a 1-day frame
We now have an upward trend in blue that we rely on, and it has been touched
We have a strong support area in green at the 2150 level
We have buying momentum on the MACD indicator
With stability above the moving average of 100
Entry price 2265
First target 2486
Second goal 2767
The third goal is 2993