Get started

Ethlongsetup

Ethereum (ETH) Forming Reversal Patterns with Bullish Potential Head and Shoulders Formation: Ethereum recently completed a head and shoulders pattern, resulting in a corrective decline toward lower levels. Double Bottom Pattern: A bullish double bottom is forming near the $2,918 support level, indicating a potential reversal zone for a long position. Key Levels: Resistance: $3,150 and $3,360 are crucial resistance levels to watch for a breakout. Support: $2,918–$2,881 is the primary support area and a potential accumulation zone. Projection: If the double bottom confirms, ETH could aim for a rally toward $3,360 and potentially higher. A failure to hold the support may lead to deeper retracement. Action Plan: Traders should watch for confirmation of the double bottom or rejection at resistance levels before entering positions.
by melikatrader94
9
ETH/USD Daily Chart: Ready for a BreakoutEthereum’s price action on the daily timeframe is showing signs of a potential breakout. As indicated on the chart, I have added a second position to this trade. Unlike my typical strategy, I will not take partials on this trade—I plan to close one full position instead. Technical Analysis: • Retracement to Key Fibonacci Levels: On the weekly timeframe, Ethereum retraced to the 0.6 Fibonacci level, a strong support zone that has shown a significant bullish rejection. This deep retracement hints at potential strength, setting the stage for an upward move. • Resistance Zone at $2.5K: If ETH manages to break and close decisively above the $2.5K mark, it could confirm a healthy bullish continuation, signaling a possible retest of the upper ranges around $2.8K-$2.9K. However, if the price stalls, we may be entering a range trading scenario, fluctuating between $2.1K and $2.9K. In this case, I’ll close both positions around $2.8K-$2.9K, depending on how price reacts to those levels. • Trendline Break: The daily chart shows that ETH is attempting to break a descending trendline. A confirmed break above this trendline would add more weight to the bullish case and indicate that ETH is gaining momentum. Risk Management: • I’ve set the stop-loss slightly below key support zones, minimizing downside risk if the market turns. As always, managing risk is the key factor. Should the price dip below the critical areas of support, I will consider closing both positions to limit losses. Fundamental Insights: 1. Monochrome’s Ethereum ETF Launch: Monochrome has launched the first Ethereum ETF (IETH) on Cboe Australia today, adding a significant bullish catalyst to Ethereum’s price action. With in-kind Ether redemption and subscriptions, this ETF offers better tax efficiency for institutional investors, potentially increasing demand for ETH. 2. Institutional Activity: There’s a notable accumulation of ETH by institutional players. A wallet linked to Longling Capital recently added another 5,000 ETH ($12.34M) to its balance, pushing its total holdings to 68,064 ETH ($168M). This kind of movement underscores strong confidence in Ethereum’s price trajectory. With institutional players coming back into the market after the liquidation event in 2022, we are seeing a resurgence of interest in Ethereum, especially as it holds above the $2.5K mark. 3. Ethereum Price Action: Ethereum is gaining momentum, climbing over 3% today and trading above $2,500, aligning well with the overall rally in the crypto market. This rally is also supported by Bitcoin’s strength, as it trades near $65,000, further bolstering the sentiment in the crypto space. Market Sentiment & Conclusion: Despite some slowdown in institutional demand for crypto ETFs in the U.S., Ethereum’s price action and the recent ETF launch in Australia add positive momentum to this setup. If Ethereum continues to hold above $2.5K and follows through with a breakout, the next target will be around $2.8K-$2.9K. If the breakout stalls and range trading ensues, I’ll close my positions accordingly. ETH traders should keep an eye on price action around $2.5K. The key takeaway is that even in uncertain market conditions, sticking to a well-defined plan, like the one outlined here, helps ensure proper risk management while seizing potential opportunities. Let’s continue to monitor how this plays out! Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Long
by AR33_
2
Is Ethereum Poised to Reach $3,200? Analyzing the Bullish Moment Ethereum, the second-largest cryptocurrency by market capitalization, is showing strong signs of bullish momentum, with analysts predicting a potential breakout to $3,200. This optimistic outlook is fueled by a combination of factors, including positive inflows into Ethereum ETFs and a broader bullish sentiment in the cryptocurrency market. The Impact of ETH ETF Inflows The recent influx of capital into Ethereum ETFs has significantly boosted the cryptocurrency's price. As institutional investors gain easier access to Ethereum through ETFs, demand for the underlying asset is likely to increase. This increased demand can drive the price of Ethereum higher, potentially pushing it towards the $3,200 level. Bitcoin's Influence on Ethereum Bitcoin's price performance often has a significant impact on the broader cryptocurrency market, including Ethereum. As Bitcoin continues to rally and approaches the $100,000 mark, it could create a positive sentiment that spills over to other cryptocurrencies, including Ethereum. Technical Analysis: A Bullish Outlook Technical analysis suggests that Ethereum is currently in a strong uptrend. Key technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), are signaling bullish momentum. Additionally, the formation of bullish chart patterns, such as a rising wedge or a bullish flag, further supports the potential for a significant price increase. Challenges and Risks While the outlook for Ethereum appears bullish, it is essential to acknowledge the potential challenges and risks: • Market Volatility: The cryptocurrency market is inherently volatile, and sudden price swings can occur without warning. • Regulatory Uncertainty: The regulatory landscape for cryptocurrencies remains uncertain, and any unfavorable regulatory developments could negatively impact the price of Ethereum. • Network Congestion: As the number of users and transactions on the Ethereum network increases, network congestion and high transaction fees could become a concern. Conclusion Ethereum's strong fundamentals, coupled with positive market sentiment and technical indicators, point to a potential breakout towards the $3,200 level. However, investors should approach the cryptocurrency market with caution and be prepared for potential volatility. By staying informed and conducting thorough research, investors can make informed decisions and maximize their potential returns.
COINBASE:ETHUSDLong
by bryandowningqln
ETHEREUM (ETH) on the Rise! Key Targets Await on 1H ChartETHEREUM (ETH) Technical Analysis: Ethereum (ETH) has confirmed a long entry at 2586.77 on the 1-hour timeframe, backed by bullish momentum and support from the Risological Dotted Trendline . The trade setup is promising, with well-defined targets positioned to capture potential gains as ETH continues its upward move. Trade Summary: Entry Level: 2586.77 Target Levels: TP1: 2729.39 TP2: 2960.16 TP3: 3190.93 TP4: 3333.55 Stop Loss: 2471.39 With the entry level secured, Ethereum is primed to approach each target. Traders should monitor price action closely as ETH strives toward these lucrative levels.
Long
by ProfitsNinja
Ethereum Breaks Range Resistance: Bullish Rally Incoming..?Ethereum has recently broken free from its range-bound trading pattern, a significant development that indicates potential upward momentum. The current focus is on sustaining this price movement above the established range, which could signal a shift in market sentiment. If this upward trend continues, the first target for Ethereum's price is projected to be around $3,540. This target level could serve as a pivotal point, influencing traders' decisions and market dynamics in the days to come.
BINANCE:ETHUSDLong
by Kartik_Elkunchwar
Cryptocurrency Trading with Skyrexio: Ethereum (ETH) Price TrendHello, Skyrexians! Today we are going to analyze the Ethereum price action and try to understand what we can wait in the upcoming months from the main altcoin in the market. You will know how we are seeing the future of BITSTAMP:ETHUSD in Skyrexio. This article is going to be useful for you if you are Ethereum holder of active trader. You can setup your crypto trading bots, grid bot or alert bots on your cryptocurrency trading platform according to this analysis if you want. Even in automated trading it's vital to have the overall understanding what is the current direction of the asset. Let's deep dive into analysis! Ethereum global overview: is $6k real? Let's take a look at the price chart below. We can see that the maximum value of the Awesome Oscillator corresponds to the previous bull market, it was the wave 3 on the monthly time frame. After that we have seen the zero line cross under, which means that wave 4 is finished. Now we suppose that wave 5 is in progress, which will likely, but not obligatory breaks the previous ATH. In case of success the target area for this wave is $6k in 2025, then large correction can happen. Now the price of crypto is in the very dangerous point. It found support at the Alligator and AO is still decreasing. Our main assumption that this is wave 1 inside wave 5, but we need to see the green bar on AO first and bounce from Alligator. If not it can only the complex B wave, which could be the biggest trap ever. As you can see on the chart in the negative scenario price can easily drop -70% from current price to the $800. This is the zone on the lower degree wave A. Wave C can retest this level. In this case we expect the same target $6000, but later in 2026-2027. What weekly candles are telling us? Let's go through the current bull market. The wave from $900 to $4000 is the 5 waves impulse in our opinion. Don't be confused that wave 5 is shorter than wave 3, sometimes it can happen. We have already seen the same for Bitcoin. In our opinion it was just wave 1 inside bigger wave 5. Current dump to $2k retraced exactly to the 0.61 Fibonacci. Expecting the slow reversal from here with the total disbelief. If we are right wave 3 is going to be very impulsive. The target is between 1 and 1.61 Fibonacci extension levels. This is $5-7k price range which almost perfectly fits with the monthly timeframe. After wave 3 finish the distribution with the final expansion in the wave 5 is expected. When this nightmare dump will be finished? Is really this correction is finished? Our methods gave us the clear answer - yes (with 90% probability). Dump from the top is the textbook wave 2 with the zigzag shape. We have seen the wave A, wave B retraced exactly to 0.61. Then we can measure wave C target which is almost the same as wave 3. It's always impulsive which means that it shall consists of 5 waves. This dump reached the target between 1 and 1.61 Fibonacci levels. Moreover we can see 5 waves inside. Pay attention that wave 5 is shortened again. If we are right altseason will come on ETH in the upcoming months. Waves 1 and 2 inside the new upside impulse have already been finished. Now the road to the moon is open. Just fasten your seat belts! Conclusion Today we considered Ethereum on three different time frames. Monthly candles are showing some indecisiveness, but looking the weekly and daily time frames we can see the most likely path which price of asset can choose. We hope you will use this article in your trading routine and it was useful for you. Best regards, Skyrexio team
BITSTAMP:ETHUSDLong
by Skyrexio
Ethereum Breaks Through $2500 Resistance: Will the Rise Hold?Ethereum, the second-largest cryptocurrency by market capitalization, has achieved a significant milestone by breaking through the $2500 resistance levels. This development has positioned the cryptocurrency for further potential gains. The Breakout Ethereum's recent surge has been notable, with the price approaching the $2650 mark. This positive momentum indicates a strong bullish sentiment among investors. The cryptocurrency's consolidation above the 100-hour simple moving average suggests that the upward trend may be gaining traction. Key Resistance Levels However, there are still significant resistance levels that Ethereum must overcome to sustain its upward trajectory. The $2640 level represents a crucial hurdle. If Ethereum successfully breaks through this resistance, it could pave the way for a more extended rally. Potential Targets Beyond $2640, the next major resistance level lies at $2720. If Ethereum can breach this mark, it could open the door for a more substantial price increase. Consolidation at the $2720 level could lead to further gains, with potential targets at $2800 and $2880. Factors Influencing Ethereum's Price Several factors are influencing Ethereum's price and contributing to its recent rally: • Growing Adoption: The increasing adoption of Ethereum-based applications and smart contracts is driving demand for the cryptocurrency. As more businesses and developers utilize the Ethereum blockchain, the value of the network and its native token, ETH, is likely to appreciate. • Institutional Interest: Institutional investors are increasingly allocating a portion of their portfolios to cryptocurrencies, including Ethereum. This growing interest from large financial institutions can provide significant price support. • Technical Indicators: Positive technical indicators, such as the Relative Strength Index (RSI) and moving averages, suggest that Ethereum is in a strong uptrend. These indicators can provide valuable insights into the cryptocurrency's momentum and potential price targets. • Macroeconomic Factors: Global economic conditions and regulatory developments can also impact Ethereum's price. Favorable macroeconomic factors, such as low interest rates and increased liquidity, can create a favorable environment for risk assets like cryptocurrencies. Conclusion Ethereum's recent breakout above the $2500 resistance levels is a significant development. The cryptocurrency's upward momentum and positive technical indicators suggest that further gains may be in store. However, it is essential to remain cautious and consider the potential risks associated with investing in cryptocurrencies. Investors should carefully evaluate the factors influencing Ethereum's price and conduct thorough research before making any investment decisions. The cryptocurrency market is highly volatile, and past performance is not indicative of future results.
BITSTAMP:ETHUSDLong
by bryandowningqln
ETH 2703 Long Coin breaks into the bullish zone👋🤖 Ether broke through the tenth 50MA, retested it and is breaking into the bullish zone. On the horizontal volume indicator we see a strong gap in volume (See volume on the daily) 🔥🚀🚀 Price will fill this range very quickly and pass this distance! Entry pattern breakout First target 2819 Second target 2934 Third target 3087 Volatility is low, volume is very good you can use leverage up to 50x! Stop short 🤖 Trade in long what is growing.
Long
by BuySellStyle_engl
ETH/USDT Price Action Technical Analysishello guys. let's dive into ETH! Bullish Engulfing Patterns: Two significant bullish engulfing patterns are highlighted on the chart. These indicate a reversal of previous bearish trends, suggesting bullish momentum. Quasimodo Levels (QML): QML1: This support level, around the $2,585 region, was previously tested, and price rejected it, leading to the formation of the first bullish engulfing pattern. QML2: The second Quasimodo level is marked around $2,600, where the price has recently reacted and is currently finding support after a slight retracement. Resistance Zone: There's a clear resistance area marked just above the $2,680 level. Price might test this zone if it continues upward momentum. Key Support Zone: The support area is between $2,585 and $2,600, which has been validated by the market reaction at QML1 and QML2. Price Action Structure: After a corrective move down, Ethereum has been showing signs of recovery, with the market forming higher lows. The price is currently bouncing from the QML2 zone, looking to retest the key resistance at $2,680. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
1
Potential Ethereum Bull Run After Completing the Inverse HASOn the daily chart of Ethereum to USDT (ETH/USDT), an inverse head and shoulders pattern is forming. This pattern is one of the most powerful indicators of a trend reversal in technical analysis. Given that Ethereum has been in a downtrend for the past months, the formation of this pattern could signal the end of the bearish phase and the beginning of a strong bullish movement. Currently, the left shoulder and head of this pattern have been formed, and it seems that the right shoulder might be completed in October. Once this pattern is validated and the neckline is broken, we can expect Ethereum’s price to rapidly move towards higher targets, such as the $3800 to $5000 levels. If this pattern holds and considering Ethereum's historical price behavior, the likelihood of a significant bull run in 2024 to 2025 becomes very high.
Long
by aminsmithfx
1