Ethereum on the Road to 2KOnce COINBASE:ETHUSDC breaks the first dotted line of resistance it's ETH 2K time.
Ethlongsetup
The Return of ETH!My Fellow Crypto Traders,
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ANALYSIS:
ETH has flashed bullish with the 9EMA crossover to the upside. If ETH continues with this positive price action to the upside, and volume remains to trend downward, we can see ETH retest VWAP (turquoise)/ lower parallel channel wall or previous support @ $1062 region. The multiple overhead resistance trend lines around the $1250 region could restrict further continuation to the upside. Therefore builds confluence with a dip down to lower regions of support. Moreover, the VWAP and the previous diagonal trend line (1) seem to be converging towards the 236 fib level, which builds further confluence with a possible dip towards those levels.
ETH long bullish break is on the table$ETH breaking through an Ascending Triangle. I am bullish. Remember my longs are still open.
ETH Has Formed A Massive Cup & Handle - Possible $2K TargetSo after the ascending triangle breakdown we still have hope for a spectacular move up for ETH. If you zoom out to the weekly time frame you will notice that a GIANT cup and handle pattern has formed. We just experienced a classic 30% correction forming the handle portion.
Macro target for profit taking is just above $2K as this will be a quick move over the coming days, as I see a $450B-$470B market cap for Alts incoming. Of course we will have to monitor BTC just to make sure it doesn't spoil the fun; however I see BTC hitting $46-$47K over the next 4-5 days.
Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
ETH - Potential Cup & Handle FormingHope you enjoy my analysis.
I believe we are seeing a multi-week cup & handle forming on the weekly chart.
There's a chance for more downside (forming on the handle, to complete the continuation pattern), before moving upwards towards 1400 (previous All time High and resistance area).
Next area of interest would be ~1700$
"As a stock forming this pattern tests old highs, it is likely to incur selling pressure from investors who previously bought at those levels; selling pressure is likely to make price consolidate with a tendency toward a downtrend trend for a period of four days to four weeks, before advancing higher. A cup and handle is considered a bullish continuation pattern and is used to identify buying opportunities."
ETHUSD 4H~Above 1241.80 and stable there will get BUY till 1422.10
~under 1240.50 and stable there will get SELL till 1100
ETH - gains soon! Check, check, check, check, check it out... putting on a lill' 'ol leverage trade in anticipation of a short term 5%+ gain. Happy trading ;-)
ETH - Potential LonG Set-Up @ sub $333.00 levelsPotential LonG Set-Up @ sub $333.00 levels, which I would tighten up stop-lose level due to market sensativity. Volume levels shortening, which not much sale pressure can cause a a selling frenzy.
ETH/USD Long SetupLooking to long once more with a target of $470. Similar setup as a week ago, worth the risk to try it again. Bull markets love their 21 EMA.
Entry --> 395
Stop Loss ---> 367
Take Profit--> 467
Risk/Reward --> 2.7
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only. Please follow a proper risk management program when trading.
ETH LONG IDEAAfter heavy selling price seems to have bottomed out, I notice a potential BAT Harmonic forming here (Potential), the last point (D) is needed to confirm
First trouble area would be the daily resistance is $370 for us to get to our end goal of $390 - $400 which also lines up well
with a daily resistance adding confluence for a short setup once the harmonic has formed.
SL below C point, trade offers good RR. Let's see
ETHUSD - Crushing another weekly resistance It looks like ETHUSD is going to print the second weekly chad candle in row. Currently it's trying to hold above $377 support (S/R flip).
Continue to buying dips. Wick below $380 looks like a decent buying level. Close above Daily/weekly resistance will be ultimately bullish for eth.
Next HTF target is $425.
Hit the "LIKE" button and follow to support, thank you!
Information is just for educational purposes, never financial advice. Always do your own research.
ETH/USDC 15 Minute Falling WedgeThis falling wedge will terminate and pump approx 40% of the overall height of the wedge then fall to a double bottom bounce slightly higher then the lowest point of the wedge. Then we will uptrend which will consist of three climbs after the double bottom pump. Each climb has a subsequent fall each being slightly more than the last with the 3rd fall being approx 35% of the overall uptrend and then a hard pump. target approx $345-350
ETH/BTC Long Scenario -- 12%/35%/55%Technical Analysis: Bullish moment coming off a double bottom looks to continue for up to a 55% gain.
ETH completed a 30% double bottom, wicking as low as 0.01614 and then hit the double bottom target of 0.02852 in a 72.5% up swing.
The price has since retraced now looks to primed to move 12.65% upward to retest .02852 at target price #1 and form cup an handle pattern.
Upon breaking the neckline look for a move to target #2 at 0.03431, which is 35.31% up and sits just below Fib and previous resistance levels.
Target 3 at .03942 is the target for the cup and handle breakout and also sits just shy of Fib and previous resistance.
Fundamental Analysis: Defi and ETH 2.0 will drive further demand.
ETH is nearing the rollout of the final ETH 2.0 testnet.
Once live, Eth will switch from PoW (Proof of Work mining) to PoS (Proof of Stake) which will requiring holding a minimum 32 ETH to become a validator and earn stake rewards on the network.
Recent reports reveal that nearly 80% of the total supply of ETH wallets is now being held in wallets containing at least 32 ETH to allows participation in staking rewards once the new ETH 2.0 network goes live..
As the ETH 2.0 comes closer expect more buying pressure and movement out of exchanges as more investors look to participate in earning staking rewards.
Additionally, the bloom of DeFi apps requiring ETH as gas and using ETH for various DeFi applications and ERC20 token swaps will further drive further demand.
Note: Note Investment advice. Crypto is volatile and market conditions can change rapidly at any moment.
Long ETH Run IncomingWe've just bounced above the cloud on the weekly. Looking for more upwards action in weeks to come. New ATH by year's close. Buy the buy the blue sell the red.
ETHBeen thinking this is more likely with a double bottom in $BTC $92 ETH makes a little more, mega bear moon shot still $67.
ETHEREUM ($ETH): Can the ETH Whales Pump JK Rowling's Bags?✨ Drop a comment asking for an update, we do NEW setups every day! ✨
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JK Rowling might have been jk when she said she had significant Ethereum holdings, but honestly it is looking like it wouldn't have been such a bad play for her. Ethereum 2.0 news is still rolling out, and price is still trending up. Our last ETH trade worked like gangbusters, so let's stick with what works.
Resource: decrypt.co
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1. Fractal Trend is showing an uptrend (Aqua bar color) on the 1 hour timeframe as ETH continues to show strength.
2. With this strategy, we are looking for long setups in a uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua line color) and/or bullish S/R levels plotted by Directional Bias (Aqua line color).
3. Right now we are looking for a long entry above the S1 S/R flip with a target of R2. The logic here is that we have been consolidating under R1, so if we finally break R1 then R2 is a logical target.
4. Our stoploss is placed below the S1 cluster with the expectation of that cluster damping any move down. We will exit the position if our stoploss is hit or if Fractal Trend changes color.
5. If we do go lower, we expect a reaction off of S2/S3/S4 as they seem to be quite substantial support levels below us.
ETHEREUM ($ETH): ETH 2.0 is on Track, but How About this Uptrend✨ New charts every day ✨
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Vitalik might have given a little false hope on an ETH 2.0 deadline of July, but the official word is none-the-less that the next phase of Ethereum (ETH / ETHUSD / ETHUSDT / ETHDAI / ETHUSDC) is on track. Ok good, so ETH is on track, but is this uptrend? Let's take a look.
Resource: www.coindesk.com
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1. Fractal Trend is showing an uptrend (Aqua bar color) on the 1 hour timeframe despite us seeing bearish short term price action as we continue to consolidate and "roll over."
2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua) and/or bullish S/R levels plotted by Directional Bias (Aqua).
3. Right now we are looking for an entry off of S1 with a target of R1 which represents a move above recent highs.
4. If that S1 entry doesn't work, there is another potential entry at S2, although it is unlikely when we arrive at S2 we will still be in a true uptrend via Fractal Trend.
5. Keep in mind that even if we do see a test of the R1 cluster there is a possibility that we will be rejected there or that price will conslidate after breaking that level. In short, the bulls have more than a few things to watch out for here.
6. We will exit our S1 entry if the stop loss is hit or if Fractal Trend signals a downtrend (Maroon bar color) and will no longer be looking for a long entry if Fractal Trend signals a downtrend as stated above.
Good luck family!
Spectacular View Of ETHUSD 4-Hour MACD TrendSee how each stair-step breakout accompanied the MACD histogram crossing over the zero level. Principle 1: The trend is your friend. But remember Principle 2: Trends end.
