ETH Ascending Triangle Pattern Points to Potential BreakoutEthereum (ETH) traders have identified an intriguing chart pattern on the 30-minute timeframe—an ascending triangle pattern. This bullish continuation pattern suggests a potential breakout ahead. In this article, we'll delve into the pattern, outline the key levels, and propose a trade setup for traders to consider.
Ascending Triangle Pattern Overview:
The ascending triangle pattern is a reliable bullish continuation pattern characterized by a series of higher lows coupled with a consistent resistance level. This pattern signals a higher probability of an upward price breakout.
Current Scenario:
ETH is currently trading in proximity to the neckline resistance level, forming an ascending triangle pattern on the 30-minute chart. Traders should anticipate a minor dip before a potential breakout occurs.
Trade Setup:
Entry Level: $1840
Target: $1946
Stop Loss: $1824
View Negation:
Should ETH break below the critical support level of $1820, the pattern's validity would be invalidated, and traders should reconsider their position.
Ethlong
ETHEREUM UPDATES WEEKLYAs the news/fud on cryptocurrencies space, more people are against the bulls.
Im expecting the eth would follow the moves of Bitcoin.
This is not a financial advice.
Follow for more.
Weekly traders not intraday or scalping trades..
Base only on spot or if you want futures. go for it.
BTC, ETH 🌤️ ADA, AVAX, MATIC - Today's Crypto Stars? 🌴🌟Sunny weather with a few scattered clouds 🌤️ lies ahead for the global crypto market, including Bitcoin and Ethereum. Investors anticipate a US debt ceiling deal. This means that a slightly bullish market with upside potential is likely.
Tropical conditions 🌴 – very bullish with some upside potential – predicted for Cardano, Avalanche, and Polygon.
Over a one-week horizon, ATTMO expects cloudy weather with some sun 🌥️ for Bitcoin and Ripple, translating into a slightly bearish market with downside risk.
Follow us to stay updated with more crypto weather insights and reports!🌩️⛅🌈
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- ethereum (ETH) Ethereum (ETH) climbed slightly higher on Monday as it bounced off key support points once again.
After a low of 1,793.22 on Sunday, ETH/USD climbed to a peak of 1,820.25 at the start of the day.
The drop saw Ethereum near its recent price bottom at the the1,790 though bulls used this as a signal to re-enter the market.
Nevertheless, the earlier gains have been pared down to some extent, with the index currently trading near the all-time high of 46.00.
For the momentum to accelerate fully, this resistance would need to be broken, which is unlikely to happen until a debt ceiling agreement is reached.
I have tried to bring the best possible outcome to this chart.
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Ethereum to break the resistance?Ethereum - 24h expiry - We look to Buy a break of 1846 (stop at 1796)
Daily signals are mildly bullish.
A break of the recent high at 1844 should result in a further move higher.
1844 has been pivotal.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
The primary trend remains bullish.
Our profit targets will be 1966 and 1986
Resistance: 1830 / 1845 / 1860
Support: 1790 / 1780 / 1760
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EGTUSDT ARE you RDY 2023 Long👌❤🧨The upward trend for Ethereum will also start soon.
At first, Ethereum will have a downward trend for the range of 1696 dollars, from the point of view of Smart Money, then it will start its upward trend with strength and touch the three ranges of 2020 dollars, 2478 dollars and 2967 dollars.
In the meantime, the alt season will start and other cryptocurrencies can give good profits to its shareholders.
Ethereum -> Still Stuck At The $2000 LevelHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Ethereum just recently once again retested a quite massive weekly structure area at the $2000 level which is now turned resistance again.
However you can also see that overall market structure and moving averages are still quite bullish, in my opinion we also already saw the bottom of the bear market so I am now just waiting for any opportunity to then get long Ethereum for the next bullrun.
On the daily timeframe you can see that Ethereum shifted back to a bearish market by breaking below the $1825 structure level, so I am now just waiting for either a break back above the zone or a retest of the next support at the $1675 level before I then do expect more upside potential.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Ethereum Analysis: Potential EvolutionThe prevailing challenges faced by fiat currencies, particularly the US dollar due to the debt ceiling issue, have sparked interest in alternative digital assets like Ethereum. In this analysis, we will explore how Ethereum could potentially evolve in light of these circumstances and present a trading strategy with a buy zone of 1,059.26-565.49. The analysis suggests a first target of 6,461.8 and a final target of 10,403.34, reflecting the potential for substantial price appreciation.
Analysis:
1. Fiat Currency Challenges: The debt ceiling concerns and associated issues affecting fiat currencies have triggered a surge in demand for alternative digital assets. Ethereum, as a prominent decentralized blockchain platform, has gained significant attention as investors seek avenues to protect against potential fiat currency instability.
2. Buy Zone: The suggested buy zone for Ethereum lies between 1,059.26 and 565.49. This range indicates levels at which traders could consider entering long positions, capitalizing on the potential price appreciation driven by the challenges faced by fiat currencies.
3. First Target: Considering the evolving landscape for Ethereum, the analysis suggests a first target of 6,461.8. This level signifies a substantial upside potential and serves as an initial profit-taking area.
4. Final Target: The analysis further indicates a final target of 10,403.34, reflecting the potential for Ethereum to reach new highs. This target signifies the possibility of an extended price surge beyond previous records.
Amid the challenges surrounding fiat currencies, particularly the US dollar's debt ceiling issue, Ethereum has emerged as a compelling digital asset for investors seeking to hedge against potential currency instability. The suggested buy zone of 1,059.26-565.49 provides an opportunity for traders to enter long positions. The first target of 6,461.8 offers a potential profit-taking area, while the final target of 10,403.34 represents the possibility of Ethereum achieving new highs.
Disclaimer: This analysis is based on the assumption of ongoing challenges faced by fiat currencies, particularly the US dollar. The cryptocurrency market is highly volatile and subject to various factors beyond the scope of this analysis. Traders and investors should conduct their research, evaluate market conditions, and exercise caution when making financial decisions.
matici got matic about bottomed and finished with the HTF B wave. Now loading C wave back to $5 plus
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- ethereum (ETH) also trended higher, racing back over the 1,800 level in today’s session.
ETH/USD hit a high of 1,834.27 earlier today, which comes less than 24 hours after falling to a bottom at 1,786.67.
This has resulted in the world’s second-largest cryptocurrency bouncing from a support point at the $1,790 mark
the RSI on ethereum has still yet to move which is at the 47.00 mark.
Price strength is currently at the 45.10 level, and should it cross the line of 47.00, more bulls will likely reenter the market.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BTC, ETH 🌥️ Does XRP Shine Brighter? ☀️Sunny weather is ahead with a couple of scattered clouds ⛅️ for Bitcoin and Ethereum 🚀, in the next 24 hours, according to ATTMO, a weather-inspired crypto AI forecasting tool. This means that a slightly bullish market with upside potential is likely. 📈
The weather is tropical 🏝️ – very bullish 🐂 with some upside potential – for Ripple today, boosted by signals that the judge in charge may rule in XRP’s favor in the US.
Cardano, Polkadot and Binance Coin also have some upside potential.
📆 Over a one-week horizon, both Bitcoin and Ripple are likely to be trading in a bearish market 🐻 with downside risk.
Stay informed! Follow us for more updates and insights on the evolving crypto landscape. 🔍💼
XRP: Sunny Upside Potential 🌞 BTC & ETH: Following Suit? 🤔The weather is tropical 🏝️ – very bullish 🐂 with some upside potential – for Ripple today, boosted by signals that the judge in charge may rule in XRP’s favor in the US.
Sunny weather is ahead with a couple of scattered clouds ⛅️ for Bitcoin and Ethereum 🚀, in the next 24 hours, according to ATTMO, a weather-inspired crypto AI forecasting tool. This means that a slightly bullish market with upside potential is likely. 📈
Cardano, Polkadot and Binance Coin also have some upside potential.
📆 Over a one-week horizon, both Bitcoin and Ripple are likely to be trading in a bearish market 🐻 with downside risk.
Stay informed! Follow us for more updates and insights on the evolving crypto landscape. 🔍💼
$ETH has Bull Power! - $2050 soonHello and welcome. I have drawn and abbreviated ethereum and its stances what can happen.
What is most likely to happen is it may again retrace back to its parallel channel and do a great move till $2050 where the channel finishes. Also we can see some fakeouts below, so idle buying range is here for a positional trade and soon may lift off! Need to sustain $1860 for more power
Ethernet automation related processes improve governance actionsBGD Labs, a Web3 development initiative focused on the Aave ecosystem, today announced the integration of Chainlink Automation to automate governance actions for Aave Governance V2 and Aave Cross-Chain-Governance on the Ethernet mainnet. BGD Labs also plans to integrate Chainlink Automation into different parts of the Aave Governance V3 infrastructure in the future. In previous news, Chainlink launched its smart contract monitoring service Chainlink Automation on Optimism. developers can monitor smart contracts by leveraging a network of decentralized nodes. chainlink Automation can also help developers use Chainlink's transaction manager feature.
ETHEREUM/USDT UPDATE !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) was broadly stable on Tuesday, despite a brief breakout below the 1,800 level.
ETH/USD touched a high of 1,845.70 at the start of the day, leading from a low of 1,797.84 to start the week.
The world's second-largest cryptocurrency has since declined, trading at 1,820.12.
It is close to the lowest price of 1,820, maintained since last Wednesday when the price was on its fifth day of a six-day decline.
Firming up in prices has also contributed to the current volatility. The index is hovering below the critical resistance level.
Should it move beyond a reading of 45.00, there are good chances that ETH bulls will make another run toward the 1,900 level.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) also posted gains at the start of the week, as it surpassed the $1,800 mark in today's session.
ETH/USD reached a high of 1,834.94 on Monday, after falling down to 1,787.54 in less than 24 hours.
This is the second day that ETH has gained, and it comes after a recent eight-day losing streak.
This resulted in Ethereum falling to its weakest point since March, however, it now appears that momentum has now shifted.
Price strength has also increased on Ethereum, climbing above a key point of resistance at the 44.00 level.
The index is now tracking the 45.85 mark with the next range at the 50.00 level.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Ether beacon pledge ratio rises to 8.76%According to the data, about 2.67 million ETH have been unpledged and about 3.41 million ETH have been newly deposited since the completion of the upgrade of Ethernet Shanghai, with a net pledge balance of about 735,000 ETH. i.e. the number of newly deposited ETH since the completion of the upgrade of Ethernet Shanghai has exceeded the number of unpledges.
In addition, about 43.6 million ETH are currently in the status of pending withdrawal, and the pledge APR is 8.76%.