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Ethlongsetup

ETH USDT : Buy Trade setup @ 2225Welcome to today's trade setup as a part of "Aglogains - Daily Trade series". As we have seen yesterday, after breaking the previous highs at 2185 - 2200 levels, there was an explosive move to the upside on ETH yesterday, reaching almost 2400 - 2430 levels. We have seen the market take a breather after this rally by seeing a slight sell-off causing a pullback to the previous highs that were broken. My trade setup takes advantage of this key resistance turned support level to look for trading opportunities. On the 3Hr chart, we see a double bottom forming followed by a bullish candle confirming our entry condition. Entry - 2225 SL - 2083 (142 points) TP - 2423 (198 points) Risk to Reward - 1 : 1.4 Will keep you posted on the progress.
Long
by Nihanth_Aglogains
ETH USDT : Buy Trade setup @ 2332As you all are aware ETH recently had a very bullish impulsive move upwards breaking the previous high at 2186 I have covered this in my previous video, I'll attach the link. As we look at the hourly chart ETH broke above 2340 in its latest move, this led to a sell of and retest of the previous swing low with a deep pullback to 2300-2330 levels. I'm going to look for buying opportunities at this important level. Entry - 2332.5 SL - 2265 (67.5 points) TP - 2425 (95 points) Risk to Reward - 1 : 1.4 Will keep you posted on the progress.
Long
by Nihanth_Aglogains
ETH - Daily chart - Long scenarioLooking if Price will move as marked. (Orange arrow). Where i would enter the long at the cross between the two trendlines and a by then Support area. Target is based on the next big Resistance area. Dont forget: - Watch your Risk management - Bitcoin has an influence on all Altcoins, be aware of movements there - DYOR (Do-Your-Own-Research) - This information / article is only for educational purporses and not a recommendation to buy or sell. I'm not a Financial Advisor. Thanks for reading! trader_se
BYBIT:ETHUSD.PLong
by UnknownUnicorn1541497
ETH/USDT - considerable potential 67% movement after correctionHello, Traders! The interest in altcoins begins to fall gradually. Traders are progressively fixing their positions in altcoins in favour of BTC, so Bitcoin's dominance begins to increase incrementally. In such a situation, it is possible to look for ETH purchases on a deep correction, after the stops of aggressive buyers are collected. It's best to wait for the price to move into the $1960 - $2140 zone and search for buy entry there. A stop-loss can be placed below the level of $1740. The targets for such purchases will be $2488 $2800 $3000 $3200 $3590 Perfect risk/reward ratio of 3.60! Good luck and watch out for the market! P.S. This analysis is created for educational purposes and shall not be considered a piece of financial advice
COINBASE:ETHUSDLong
by UnknownUnicorn10064030
ETH/USDT - market update 24.05Hello traders, ETH corrected the whole upward movement, which started from the $2140 - $2488 zone. Under sellers' pressure and a cascade of liquidations of margin positions, the price fell to the level of $1740, and then returned to the buyers' control zone of $2140 - $2488. In the apparent trades profile, we see that the area of the highest interest is between $2488 - $3200, so we can assume that the upcoming trading activity will be concentrated in this area. The buyers will meet the sellers on the downside correction: the first sellers' control zone is between $2800-3000, the second one is between $3200-$3590, where we can expect the sellers' reaction in each zone. The closest Fibonacci Retracement levels are: 0,382 ($2742); 0,50 ($3056) ; 0.618 (3369) The news background also disposes of the growth. For instance, Bloomberg said today that ETH is approaching a long-awaited fix that will reduce electricity consumption by more than 99%. Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered a financial advice
COINBASE:ETHUSDLong
by UnknownUnicorn10064030
ETH/USDT - optimistic 30% setupHello, Traders! At the moment, ETH has corrected 50% of the upward movement and continues to be under selling pressure. For some traders, the current correctional movement is accompanied by financial losses, while for others it opens new financial opportunities. We may look for entry into purchases in the range of $2980 - $3020. Stop-loss shall be set under the price value of $2740 Correction targets of the local downward movement will be the levels of $3200 $3590 $3868 Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
COINBASE:ETHUSDLong
by UnknownUnicorn10064030
3
ETH next target according to an Ascending TriangleAs can be seen in the image below, the rising wedge target was achieved as I predicted before in the related idea (link provided below): After meeting the target it is forming an ascending triangle with a target closer to 4230, let us see if this plays out or no! Ascending Triangle are continuation patterns in the direction of the trend and the trend is upward, so the price is gonna go upward hopefully! Disclaimer: Take actions at your own risk and with proper research! This is my way of observing price actions, not trade signals! Thank You!
COINBASE:ETHUSD
by fullofsoul3
Ethereum Hits Record High and there's 3 reasons why Ethereum Hits New All Time High Yesterday, Ethereum breached all time high at $3,400, pushing the second largest cryptocurrency's market cap to more than $320 billion with more than 300% rally this year. Leading crypto-commentator Mark Cuban compares today’s blockchain to “the early days of the Internet.” In Singular’s view, ether’s price has broken out for a number of reasons, among them the following: Strong and Rising Institutional Interest This week, Canadian digital asset manager 3iQ Corp and investment firm CoinShares has launched four new Ether ETFs, now trading on the Toronto Stock Exchange (TSX). This allows institutions to easily trade and invest as demand for crypto exposure increases beyond bitcoin. Also, companies like European Investment Bank and Visa, which is backing Singular have validated Ethereum blockchain by announcing issuance and settlement use cases, respectively. During the last two weeks Four Ether ETFs launched on the Toronto Stock Exchange, making it easy for institutions to gain access as demand for crypto exposure broadens beyond bitcoin. In addition, institutions and companies like the European Investment Bank and Visa have validated the Ethereum blockchain by announcing issuance and settlement use cases, respectively. Strong On-Chain Signals: Usage of the Ethereum network is increasing and, by some measures, outpacing that of Bitcoin, as shown below by the number of active wallets and total transaction fees. In our view, Decentralized Finance (DeFi) and Non-fungible tokens (NFTs), both of which are burgeoning, explain Ethereum’s recent breakout. Imminent Protocol Upgrades: Ethereum historically priced transaction fees using a simple auction mechanism, where users send transactions with bids ("gasprices") and miners choose transactions with the highest bids, and transactions that get included pay the bid that they specify. This leads to several large sources of inefficiency: Slated to go live in July, Ethereum Improvement Proposal (EIP) 1559 will change Ethereum's transaction fee model significantly. Aiming to lower the volatility of Ethereum’s fees, EIP-1559 introduces a mechanism to burn some transaction fees, detracting from circulating supply and introducing deflation to the Ethereum ecosystem. The impact on ether’s price could be like that associated with a Bitcoin halving event. Notable are the risks associated with these positive developments. DeFi applications frequently involve significant leverage which, given interoperability within the Ethereum blockchain, might compound the leverage associated with other products. In the event of a downward spiral in ether’s price, the losses associated with deleveraging could be significant. Additionally, EIP-1559 could become a contentious upgrade, as miners will bear the brunt of fees burned. A miner revolt could impede the progress of the EIP-1559 upgrade.
KRAKEN:ETHUSDLong
by wallstreetsharks
ETH/USD - potential 21% setupHello, Traders! After the correction of the current growth from $1545 the buyers took the initiative and are trying to pass the sellers' area of interest of $2020 - $2140 A similar situation was at the beginning of February before ETH entered a new price range and the growth cycle continued We may search for an entrance in purchases in the range of $2085 - $2145. Stop-loss can be placed under $1,950 Targets will be Fibonacci extension levels based on the trend $2335 $2455 $2525 Good luck and watch out for the market P.S. This analysis is created for educational purposes only and should not be considered as a financial advice
COINBASE:ETHUSDLong
by UnknownUnicorn10064030
ETH/USD - market update - 51% movement can be expectedHello, Traders! ETH corrected its upward movement by 61.8% (to 0.618 Fibonacci level). At the moment, trades are restrained by the liquidity buffer of buyers in the range of $1540 - $1590. Entry in the position can be sought in the range of $1540 - $1625 Stop Loss can be placed under the level of $1440 Berlin hard fork is announced on April 14. This should have a positive effect on ETH price and market condition in general. Target levels for buying are: $1740 $1850 $2020 $2346 Good luck and watch out for the market. P.S. This is an educational chart that shouldn't be considered a financial advice
COINBASE:ETHUSDLong
by UnknownUnicorn10064030
2
ETH/USDT - new targets after the correction cycleHello, Traders! Having entered an uptrend, ETH has gone into a correction. At the moment, trades are held in between $1,440 and $1,868, between the buyers' zone of interest at $1,302 to $1,440 and the sellers' zone of interest at $1,868 to $2020. The situation on the world markets looks shaky, which provokes more and more traders to work from sales. This situation was repeatedly played out by market makers during the bull rally. Thus, they pushed the price up and provoked the players to close the short positions at a loss, which in turn gave a new impetus for the price growth. Based on this we can try to connect to the buy positions in the range of 1488-1578$. The Stop Loss can be placed under the lower border of the buyers' area of interest - the level of 1302$. The targets would be price levels of $ 1670 $ 1868 $ 2018 Good luck and watch out for the market! P.S. This analysis is created for educational purposes only - measure your risks, while trading crypto currencies
COINBASE:ETHUSDLong
by UnknownUnicorn10064030
2