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"Ethereum Price Analysis: Breakout, Daily Trends, and HistoricaIn the weekly time frame, Ethereum broke out of this horizontal resistance, resembling the pattern observed in the last bull run. Following this breakout, a retest similar to the previous bull run is anticipated. In the daily time frame: - Ethereum faced rejection at the $2400 level. - The $1800 to $2000 range is identified as a support level, also representing the 0.382 level of Fibonacci retracement. - In my opinion, the optimal entry point for Ethereum is within the $1750-$2000 range. Regarding Ethereum's historical data: - In the first cycle, after the all-time low (ATL), CRYPTOCAP:ETH took 777 days to surpass its previous all-time high (ATH). - If history repeats itself, a new ATH could potentially be reached around 700 days from today, possibly by July 2024. - The last bull run lasted around 1071 days. - This time, it is expected to last between 1071 to 1064 days of a bull market. Based on fractal analysis and chart data, it is anticipated that Ethereum will reach its next bull market peak in May to June 2025.
BITSTAMP:ETHUSDLong
by CRYPTOMOJO_TA
📉 Ethereum Analysis: Navigating Wave Structures 📈Ethereum has adhered to the marked zone as anticipated, constructing an overarching Wave 4. I believe there's a resistance zone to overcome, foreseeing a pullback to the subordinate Wave (2) beforehand. Alternatively, there's a scenario where Wave 4 hasn't concluded, engaging in a flat correction. Initiated with a three-part correction, it has now expanded into a three-part structure. In this case, a C-wave should follow, aligning with the level of Wave A, around $2,165. 🚀✨
CRYPTO:ETHUSDLong
by stromm
BTC bullish CLASSIC divergence rsiBTC bullish CLASSIC divergence rsi RSI Hidden Divergence Trading Examples Some traders identify a hidden divergence and jump into the market immediately. But I find it more useful to think of a hidden divergence as an alert for possible continuation setups. Once the alert is issued, we can start looking for continuation trade entries. Short-term bar patterns are helpful at this stage. Trading Tips And Review As we’ve pointed out, when marking hidden divergences, the choice of the first swing pivot is critical. Choose a solid pullback swing that stands out on the chart. It leads to a more reliable RSI hidden divergence. Don’t choose a meandering sideways consolidation. If you review the examples above, you’ll find a few regular divergences as well. Regular divergences point to reversal, while the hidden ones get you into pullbacks. Such conflicting signals present a problem for our analysis. But unless other factors support a reversal, give more weight to hidden divergences. (Examples of reversal factors are climactic volume, significant support/resistance, and prolonged congestion.) Finally, let’s wrap up by reconciling the standard RSI strategy with the hidden divergence. Recall the standard oversold and overbought RSI strategy. When the RSI falls below 30, we buy; when the RSI rises above 70, we sell. This basic strategy uses arbitrary levels of 30 and 70. Think of the hidden divergence approach as necessarily the same strategy. However, instead of 30/70, we use oversold and overbought levels implied by the first swing pivot. (For instance, in Example #1, we were using RSI value 55 as the oversold level.) Hence, this approach seeks to adapt to current market conditions. If you want to learn more about hidden divergences, check out this review on the MACD Hidden Divergence.
BITSTAMP:BTCUSDLong
by Crypto-Adda_Official
ETH unlikely to dip below $2,000 ETHUSDT Technical Analysis Update: There are two potential scenarios for a rebound. Scenario 1: The previous resistance level at $2,140 could now act as crucial support for ETH, potentially triggering a bounce from this level. Scenario 2: At the $2,000 level, two historical resistances could act as support for ETH. Additionally, the $2,000 level carries psychological significance as support for ETH. If Ethereum (ETH) price reaches the $2,000 level, the 100-day Exponential Moving Average (EMA) could act as a potential support in the day chart. Ethereum price may consolidate above the $2,000 support level for a month before the upward move. I believe the ETH price is unlikely to fall below $2,000
Long
by HexaTrades
4
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders. Chart Analysis:- Ethereum has displayed significant bullish signals, with the price exhibiting a robust uptrend that retraced above the pivotal resistance level of 2.1K. Despite a temporary setback, the cryptocurrency maintained its upward trajectory, reaching an annual peak of 2.4K. This PA suggests a revived bullish market, reflecting renewed demand and heightened buying interest among market participants. It’s crucial to acknowledge that short-term corrections typically follow each bullish surge. As evident from the chart, Ethereum’s upward momentum faced rejection upon hitting the upper boundary of the wedge, resulting in a 10% decline. The divergence between the price and the RSI indicator also supports the likelihood of a brief retracement before initiating the next bullish move. In such a scenario, the 2K support zone is anticipated to be Ethereum’s next destination in the daily timeframe. 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.
Long
by CryptoSanders9563
1
ETH, One Push Higher Is on the horizon ! Based on Elliott Wave Theory, the current price action of ETH/USDT suggests that the cryptocurrency is in a potential bullish trend. This analysis suggests that ETH/USDT could continue to move upwards in the short-term. Elliott Wave Theory is a technical analysis method that identifies trends in the price movement of financial instruments. The theory is based on the idea that the crowd psychology of investors can be divided into five distinct waves, which can be used to predict future price movements. The five waves are: Impulse Wave: A strong, directed move that is typically followed by a correction. Corrective Wave: A move that retraces some or all of the gains of the impulse wave. Impulse Wave: Another strong, directed move. Corrective Wave: Another retracement. Impulse Wave: The final wave, which completes the cycle. In the case of ETH/USDT, the price action suggests that the cryptocurrency is currently in a corrective wave after a strong impulse wave of 3. Now we are in Wave 4 of the cycle, this corrective wave could potentially end soon, and ETH/USDT could then resume its upward trend. Of course, there are always risks involved in trading cryptocurrencies, and Elliott Wave Theory is not a foolproof method. However, it can be a useful tool for identifying potential trends and making informed trading decisions. Here are some additional factors to consider when making a bullish prediction for ETH/USDT: The overall cryptocurrency market sentiment is improving. ETH/USDT has been making higher lows and higher highs recently. There is a growing institutional interest in ETH. Overall, the current price action of ETH/USDT suggests that the cryptocurrency is in a potential bullish trend. This analysis is supported by Elliott Wave Theory and MACD indicator. However, it is important to note that there are always risks involved in trading cryptocurrencies, and no analysis is foolproof.
BITSTAMP:ETHUSDLong
by SabahEquityResearch
2
ETHUSD $2361 targetCRYPTOCAP:ETH break down channel up, but failed to break fibonacci support bullish target from this position at $2361.92 If fibonacci failed, we have another support at $2199 classic support And $2100 major support. My opening position : Long : 2234.99 target : 2361.92 Stoploss : 2217 used equity : $16.5 target profit : $70.5 Profit percentage : 706% PnL : 7 Hedging : rebuy1 : 2199 (same target and percentage loss ratio) rebuy2 : 2100 (same target and percentage loss ratio)
Long
by AzrulAzir
1
🌟🔍Ethereum's 4-Hour Timeframe Dynamics 📈🔍 🔺 Ethereum's Current Position: In the 4-hour timeframe, Ethereum (ETH) is facing rejection from the top of its ascending channel, but a downward trend hasn't been confirmed yet. It's advisable to hold off on opening short positions for now. 📈 Parabolic Line and Potential Jump: Ethereum is still on its upward parabolic trajectory, suggesting a potential upward bounce. 🛑 Key Support and Rejection Levels: If Ethereum breaks below the parabolic line, watch for the important support in the blue box range of $2100 to $2150. For those who have taken loans against Ethereum, be mindful of liquidation points above this zone. 🔻 Primary Support at $1914: This level stands as the main support for Ethereum. 📉 Short Position Strategy: While the trend hasn’t officially changed, consider looking into short positions if ETH drops below $2199. 📈 Long Position Strategy: For long positions, a reaction to the parabolic line or a breakout above $2298 could be a good entry signal. 📈 Total Value Locked (TVL) in Ethereum: The increasing TVL in Ethereum is a positive sign, indicating less concern about decreasing volume. 🔍 Overlap with Fibonacci Levels: The range of $2100 to $2150 coincides with the Fibonacci levels between $1915 and $2310, specifically the 0.382 and 0.5 levels. 💼 Personal Ethereum Strategy: I hold a significant amount of Ethereum, which I am staking and using to create liquidity. 🔜 Upcoming Analysis on DeFi Coins: I'll provide more information on DeFi coins soon. 🔑 Related Categories: Ethereum Trend Analysis Support and Resistance DeFi and Staking 📣 Engagement CTA: How are you approaching Ethereum's current market situation? Share your thoughts and strategies! 💬🌐 #EthereumAnalysis #CryptoTactics #TradeCityPro 📚 Remember: Cryptocurrency markets are volatile and complex. Stay informed and approach with caution! 🧠💼
by tradecitypro
8
ETH Bullish 24-Hour Forecast ☀️ $2,500 Coming?A bullish sun ☀️ continues to dominate the skies over the global crypto market in the next 24 hours, indicating further upside potential for Bitcoin, Ether, and many altcoins. These bullish conditions will persist over a one-week horizon, according to ATTMO. Exceptions are Avalanche, Binance Coin, and Uniswap which will face bearish clouds ☁️ and downside risk in the next 24 hours, as well as Ripple’s XRP and Uniswap over the coming week. Folow us for more crypto weather reports!
BINANCE:ETHUSD
by ATTMO