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Ethereum Takes the Spotlight - Crypto's Shifting Winds 🤖🚀 Ethereum Takes the Spotlight - Crypto's Shifting Winds 💡🌐 Hey everyone, Professor here! First off, wishing you all a joyous holiday season and a Merry Christmas! 🎄 As we gear up for the new year, let's dive into the crypto charts, focusing notably on Ethereum (ETH). 📊 Ethereum's Strategic Position Ethereum has recently emerged as a standout in the crypto landscape. Veering away from Bitcoin, which has been our usual start point, Ethereum presents a fascinating opportunity. The analysis, based on the same message chart used since 2021, suggests promising potential for ETH. The key support levels to watch are at 23.62 and a lower bracket at 23.24. The intermediate support within the channel is particularly critical for a bullish stance. 🚀 Ethereum's Targets The targets for Ethereum are ambitious yet calculated. We're looking at ascending to levels of 2545, 2650, and potentially up to 2918. A stretch goal remains at 3500, but we approach this with a step-by-step strategy. 🔍 Ethereum vs. Bitcoin Analysis Switching to the ETH/BTC chart, we notice a significant wedge formation. The anticipation is high for this resistance to break, which aligns with my projection of over 73% confidence. Once Ethereum cracks this barrier, which could happen in the next 24 to 80 hours, I foresee a notable rise against Bitcoin. 🤓 Technical Insights & Solana's Influence The Ethereum Improvement Proposal (EIP) 4844 is a key factor to consider, which could propel ETH further. The relative early move in Ethereum, as observed in the OP, suggests a shift in focus towards ETH. Additionally, the Solana vs. Ethereum dynamics indicate a potential 40% rise in Ethereum against Solana in the coming weeks. This reinforces our Ethereum-centric approach. 📈 Bitcoin's Current Stance Bitcoin, though not our primary focus now, still plays a pivotal role in the broader market context. It's currently moving sideways, with support at 42,291. The resistance is pegged at 43,200, and an eventual target around 46,000. This level is crucial as it represents a major resistance, and a breakout could lead to significant movements. 🌐 Other Altcoins in Focus Matic: Following Ethereum's lead, Matic is another contender, with a next target at 1.7. Cardano: The breakout target remains at 1.19, but we're currently not aggressively pursuing this. Avax: Shows potential with support at 40, suitable for strategic trades. Link: On a steady climb, aiming for 19.6, but caution advised due to distant support. GRT, STX, and SNX: Display varying degrees of potential, each with specific considerations. 🔎 Ethereum: The Focal Point In conclusion, Ethereum stands out as the star player in our current analysis. With various technical and market factors aligning, ETH seems poised for significant movements. Remember, these are insights based on my analysis and should be approached with due diligence. One Love, The FXPROFESSOR 💙 For further reading: Vitalik Buterin's ideas to simplify Ethereum's Proof of Stake model: www.coinspeaker.com Ethereum's potential to outperform Solana and other cryptos: cointelegraph.com
BITSTAMP:ETHUSDLong
by FX_Professor
1
#ETHBTC - #Wyckoff & #Volume & #Divergences & #Sentiment#ETHBTC The Broadening Wedge has a track record of being one of the most brutal patterns for emotional Traders to navigate, but if we peel back the layers to see what's happening of actual importance, that's when things start to get really interesting, IMO. This is very possibly a textbook Wyckoff bottom. It's presenting all the signs of what we want to see plus #ETHBTC has a history of combining extremely low sentiment with ruthless patterns. But once again just focus beyond the noise of PA and we can see what is volume or lack thereof in all the right places, paired with stacked divergences. Nothing is 100% certain in this place, but based on probabilities gauged over history and the rest of the story, I know what I'm doing...
Long
by ANobleNerd
Decoding Ethereum's Price Movement Ethereum has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The currency has met the objective at $2333 after a break of the rectangle formation. The price has now fallen, but the formation indicates further rise. In case of a negative reaction, CRYPTOCAP:ETH has support at approximately 1850 points. Volume tops and volume bottoms correspond well with tops and bottoms in the price. This weakens the trend break. Key Fundamentals Ethereum core developers yesterday solidified plans to roll out DenCun—the next upgrade for the network—on testnets beginning in January. This next round of updates will introduce proto-danksharding and so-called data "blobs." In really simple terms, they new features are meant to significantly reduce high gas fees and improve the network's capacity. ETH's newly buoyant price was enough to convince crypto trader Peter Brandt to reverse his prediction that Ethereum was barreling towards an "immediate price collapse."
BINANCE:ETHUSDLong
by DEXWireNews
ETH: Breaking Boundaries and Soaring High! 🚀💹Introduction: 🌐 Ethereum (ETH) is breaking free from the confines of a descending channel, signaling a pattern of continued upward momentum. Traders are eyeing a potential long entry, with the option to wait for a retest and bounce. Let's delve into the details of this exciting scenario. Trade Details: 💰 Long enthusiasts are entering the scene, considering positions at ~$2300 - $2240 - $2200. The strategy aligns with the breakout scenario (as per the provided link) or opting to wait for a retest for a bounce. Technical Analysis: 📊 Ethereum's price has breached the upper boundary of a descending channel, indicating a pattern conducive to sustained upward movement. The potential long entry points offer traders flexibility, either entering immediately upon the breakout or waiting for a retest. Expectations and Targets: 🎯 Traders eye ambitious targets of $2340 - $2370 - $2400 - $2450 - $2500 as Ethereum ventures into a potentially robust bullish phase. Stop-Loss: 👎 To mitigate risks, a stop-loss is set at $2150, safeguarding traders from unexpected market fluctuations. Conclusion: 🚀 Ethereum invites traders to ride the wave of upward momentum. Whether you enter immediately or patiently wait for a retest, prepare for an exhilarating journey as ETH aims for new heights! 💹🌟
Long
by RICHI_CRYPTO_SIGNAL
#ETH is about to make a massive 20% move!ETH is poised to make a move to $2700, representing almost a 21% increase from the current market price (CMP). The breakout from the wedge is clean, and there's a perfect retest happening as we speak. This anticipated movement is expected to trigger significant gains in other altcoins. Some of our gem coins have already started moving, with a few experiencing gains ranging from 50% to 100%! For those interested in futures trading, you can use this chart with the right stop-loss (SL) in place. Trade Details: Entry Range: $2166 to $2255 Target Levels: $2377, $2433, $2544, $2634, $2712 Stop Loss: $2098 It's crucial to use a stop loss, especially in the current high market conditions. Failing to do so might result in giving back hard-earned gains to the market. Cheers! If you're interested in more updates, feel free to hit the like button and share your views in the comment section. Thank you. #PEACE *Note: This information is not financial advice. Please conduct your research.*
Long
by Cryptorphic
DGB It is trying to break the resistance 0.0090-0.0092It is trying to break the resistance 0.0090-0.0092. If it is able to break it, it will have a wonderful rise, God willing ✅ ✅ Trading around weekly resistance flips involves identifying key levels on a price chart where the market has historically shown a tendency to reverse. Here are some steps to guide you through this process: 1. **Identify Weekly Resistance Levels:** - Look at a weekly price chart to identify significant resistance levels where the price has historically struggled to go higher. - These levels are typically points where the price reversed in the past or where it has shown a strong reaction. 2. **Confirmation:** - Once you identify a potential resistance flip level, look for confirmation from other technical indicators or tools such as trendlines, moving averages, or chart patterns. 3. **Monitor Price Action:** - Pay close attention to how the price behaves as it approaches the resistance level. Look for signs of price rejection, bearish candlestick patterns, or decreasing bullish momentum. 4. **Wait for a Reversal Signal:** - Wait for a clear reversal signal before taking any action. This could be a bearish engulfing pattern, a shooting star candlestick, or a strong bearish candlestick that closes below the resistance level. 5. **Risk Management:** - Set a stop-loss order to manage your risk. Place it above the resistance level to protect your position in case the price breaks through. 6. **Target Profits:** - Identify a target level for taking profits. This could be a nearby support level, the next significant support area, or a predetermined profit target based on your risk-reward ratio. 7. **Consider Fundamental Factors:** - Take into account any relevant fundamental factors that might impact the market. Economic reports, news events, and other factors can influence price movements. 8. **Practice Patience:** - Be patient and disciplined in your approach. Not every potential resistance flip will result in a profitable trade. Avoid impulsive decisions and stick to your trading plan. 9. **Risk-Reward Ratio:** - Ensure that your potential reward justifies the risk you are taking. A favorable risk-reward ratio is essential for long-term trading success. 10. **Keep an Eye on Market Sentiment:** - Monitor market sentiment through tools like the Commitments of Traders (COT) report or sentiment indicators. This can provide additional insight into the likelihood of a reversal. Remember that trading always involves risks, and past performance is not indicative of future results. It's essential to continually educate yourself, use proper risk management, and consider seeking advice from experienced traders or financial professionals.
DLong
by Crypto-Adda_Official
Ethereum Update: Onward and Upward!Ethereum continues bottom formation, firmly entrenched within a channel spanning $1500 to $2000. The momentous breakthrough of the $2000 mark will likely accelerate its pace further. Key Levels: Watch out for the critical support level at $1688. Presently, a bullish flag pattern has emerged on the daily timeframe, following a breakout from a symmetrical triangle. The modest flagpole of this pattern offers a glimpse into the potential post-breakout trajectory. My estimation? A surge to at least the $2200-2300 zone. Risk Management: Safeguarding your trades within low-risk confines is paramount. I recommend setting a stop loss around the latest support level at $1489 to protect your capital.
Long
by ArtemFuturesTrading
2
ETH/USDT 1DAY AND 4HOUR UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USD update from Crypto Sanders. Chart Analysis:- 4-hour chart analysis for ethereum (ETH) paints a predominantly bearish picture, characterized by a distinct downtrend. This trend is evident through the formation of lower highs and lower lows, a classic indicator of bearish momentum. Despite a recent uptrend at a potential short-term reversal, the overarching downward trend suggests this could be a mere temporary pause. For investors considering short positions, the 2,235 per ETH price level emerges as a key resistance point to watch. the daily chart provides a more expansive view of ether’s price movements, encompassing a broader historical context. Previously, ethereum enjoyed an uptrend, peaking around 2,407, before succumbing to the current downtrend. The break below the crucial support level of 2,100 underscores a strong bearish sentiment. This longer-term perspective is essential for investors seeking to identify potential entry points for both short and long-term positions. The relative strength index (RSI) at 47.6, along with the Stochastic, commodity channel index (CCI), average directional index (ADI), and awesome oscillator, all hover in neutral to bearish territory. These indicators suggest a market in flux, with no clear directional bias, adding complexity to investment decision-making. Moving averages (MAs), which help identify trends and potential reversals over various timeframes, also exhibit a dichotomy. Short-term moving averages, like the 10-day and 20-day exponential and simple moving averages (EMAs and SMAs), signal negative sentiment, indicative of immediate bearish pressure. Conversely, longer-term averages, such as the 50-day, 100-day, and 200-day EMAs and SMAs, advise a positive outlook, reflecting a potential shift in the longer-term trend. The bearish signals from the 4-hour chart and short-term moving averages are counterbalanced by the bullish outlook in the longer-term moving averages. This situation calls for a cautious approach, particularly for those considering long positions, as the market’s bearish tilt remains a significant factor. Despite the current bearish indicators on the 4-hour chart and short-term moving averages, the bull verdict for ethereum as of Dec. 18, 2023, hinges on the strength of the longer-term moving averages and the historical resilience of the asset. The neutral positioning of oscillators like the RSI and ADI suggests a potential for trend reversal The bearish verdict for ether, based on the same data from Dec. 18, 2023, is primarily driven by the persisting downward trend on the 4-hour chart and the bearish indications from short-term moving averages. The failure to break above the key resistance level of 2,235 and the recent trend of lower highs and lower lows point towards continued bearish dominance. Unless there’s a significant shift in market sentiment or a breakout above crucial resistance levels, the bearish trend is likely to prevail. 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