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🚀 ETH/USDT Ready to Skyrocket?📉 Falling Wedge Alert on ETH/USD 4H Chart! 📈 Technical Analysis: A falling wedge pattern has been identified on the 4-hour chart for Ethereum (ETH). This classic chart formation suggests a potential upcoming breakout, with implications for traders on both sides of the market. Possible Outcomes: Upside Breakout: Given the prevailing trend, the breakout is likely to be to the upside. Traders should be prepared for a significant upward movement in ETH's price. Downside Caution: It's crucial to stay vigilant as price action could also break to the downside. Risk management is key, and traders should have contingency plans in place for both scenarios. Potential Catalyst: The breakout is anticipated around Thursday, January 25th, coinciding with the release of US GDP news. The economic data release may act as a catalyst, influencing market sentiment and fueling the breakout. Trade Strategy: Long Position (Bullish): Traders looking to capitalize on a potential upside breakout may consider entering a long position before the anticipated date. Short Position (Bearish): For those adopting a more cautious approach, setting up protective measures against a potential downside break is advisable. Risk Management: Use stop-loss orders to protect against unexpected market movements. Adjust position sizes according to your risk tolerance. Remember, trading involves risk, and it's essential to stay informed and adapt your strategy based on market developments. Keep an eye on the news and be prepared for various outcomes. Happy Trading! 🚀💹
BYBIT:ETHUSD.PLong
by dytra
ETH/USDT 4HOUR UPDAT BY CRYPTOSANDERS !!Hello friends, welcome to this ETH update from Crypto Sanders. Chart Analysis:- The cryptocurrency has been forming a falling wedge pattern since failing to break the 2,700 resistance zone. A bullish breakout from the wedge could result in a retest of the 2,700 level, while a breakdown would be disastrous, as the price could drop to the 2,400 level in no time. 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
2
ETH Ethereum Potential Rally soon!I told you about the 'buy the rumor, sell the news' strategy on Ethereum after the Bitcoin ETF approval in the last article We approached the price target of $2330 last Friday, and I believe that was the last dip for now! With the stock market at an all-time high, I anticipate crypto assets to follow suit. Elon Musk is likely to implement Bitcoin, Ethereum and Dogecoin to his new platform, X Payments. So, yes, exciting times ahead! According to Elliott waves, the price target for ETH should be $2600.
Long
by TopgOptions
1
The ETHUSDT chart is showing some positive developments.Firstly, what I'm saying is not to be considered as investment advice; it's just a cautionary note. If you take a slightly broader look at the Ethereum chart since the beginning of October, you'll notice a nice and well-behaved channel that has formed. ETH is currently at the bottom of this channel and has also formed a very nice "falling wedge" pattern. If you're not aware, falling wedge patterns are often indicative of an upcoming upward movement. Most likely, the price consolidation here will lead to a move towards the 2900 region, drawing strength from the bottom of our ascending trend channel. However, before this happens, a fake breakdown of the lower zone, i.e., a spike below the channel, is also possible. Remember, what I'm describing is only meant to provide guidance, not the actual path. Good day and profitable trading.
Long
by TonyStellar
3
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH update from Crypto Sanders. Chart Analysis:- On the daily timeframe, the price has been on the rise since breaking above the 200-day moving average and the large descending channel. While ETH is still trading above the key $2,000 level, it is going through a consolidation phase below the $2,400 level, failing to climb higher. The Relative Strength Index is also hovering around the 50% level, pointing to an equilibrium in momentum. As a result, the short-term price action heavily depends on whether the cryptocurrency drops below the $2,000 level or successfully breaks above the $2,400 level to target the $2,700 resistance zone. 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
ETH updateArrows and timescale is for demo only. This is an update ETHUSD long term trend. Ethereum has always been good to us and has very much played out like my last idea. However i think near term is a time for a small correction. This is due to BTC market conditions and the fact that Ethereum does not live on an island but follows the BTC god market. I expect Ethereum's run up to continue, however as mentioned before it is likely we dip before the next big leg up. This will be a good opportunity for those who missed the boat to ladder in. If you've been following my idea's then you would have already been in, and in that case i believe it is best to hold your position. If you have liquidity and ETH does dip then buying more wouldn't be a bad idea as long as it matches with your personal risk tolerance and position sizing for ETH.
COINBASE:ETHUSD
by ecicic