Ethlongsetup
ETH $20k Bull Run Price ForecastA few members have asked me about my prediction for ETH in the bull run. I want to start by saying I don’t like to make these predictions because a lot of things can change over time, such as the ETH ETF gets approved or ETH could experience a string of bad events. But based on TA, there is a red resistance target to consider for this upcoming bull run that gives a forecast around $20k by Sept 2025, which is when I think the crypto markets could peak. I think ETH could have several touches at this red resistance line throughout the bull run, and I think this will be a key resistance target to consider over the next few months.
Daily Ethereum Update - March 5, 2024Since yesterday CRYPTOCAP:ETH has been showing more strength relative to Bitcoin, which is interesting since the spot ETH ETF was delayed yesterday and should have been bearish for ETH's price action. I think ETH is making some upward progress to the $3,944.66 price target discussed in previous updates.
ETH ETHEREUM Technical Analysis and Trade IdeaEtherium has entered a notable support zone, prompting a discussion in this video regarding two potential trade scenarios. The first involves the market being somewhat overextended, presenting a potential buy opportunity as it interacts with support. The second scenario considers a retracement back up into resistance, offering a potential sell opportunity. Throughout the video, we analyze the prevailing trend, market structure, and price action. It is important to note that this content should not be construed as financial advice and is intended solely for educational purposes.
ETHUSD Bullish pennantEthereum perform a strong bullish pennant pattern inside channel up, and still in a strong bullish,
If this pattern broken up, bullish target at channel up resistance around $2,789, with maximum target at bulllish pennant projection at $3,053
Right now, bitcoin still in danger zone, so trade with careful.
If this pattern failed, we have fibonacci support at $2,380 and also a wide range support zone.
Good luck
may profit be with you
2024 is the year of $ETH and $ALTS!ETHBTC pair is showing a weekly divergence (not confirmed until weekly candle close).
If the RSI divergence forms, we can expect ETH/BTC to rally to its previous ATH until June, and possibly discovering new highs after that (if the narrative doesn't change).
I have to mention that with the current status of the market and many people shifting to other L1s, This ETH/BTC strength may fail. So Vitalik, come on!
ETH → Ascending Wedge, Double Top, About to Drop!? Let's Answer.Ethereum has a string of reversal indications that give us a picture of bearish price action. Are these data points enough to enter a short?
How do we trade this? 🤔
Three pushes up, an ascending wedge, and strong resistance alone is not enough justification to enter a reversal trade unless you fade your position (small entries until the reversal happens). It's better to wait for a strong bear bar closing on or near its low below the 30EMA to provide enough probability to justify a reversal trade. If the price breaks below the Daily 30EMA and closes a candle with followthrough or a re-test of the 30EMA as resistance, a short entry is justified.
Alternatively, if we find support at the 30EMA or get a strong bull bar closing near it's high, it's reasonable to think the price will hit the next resistance target of $2520.00. I would trade small on any long position this late in the trend as it's more likely we're about to enter a trading range or major pullback.
💡 Trade Ideas 💡
Short Entry: $2,150.00
🟥 Stop Loss: $2,250.00
✅ Take Profit: $1,950.00
⚖️ Risk/Reward Ratio: 1:2
Long Entry: $2,250.00
🟥 Stop Loss: $2,150.00
✅ Take Profit: $2,450.00
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Three Pushes up in Bull Trend.
2. Formed Ascending Wedge, Price Fell Out.
3. Potential Double Top, Wait for Break Below 30EMA to Short.
4. If Bounce at Support, Reasonable to Long to Next Resistance.
5. RSI at 55.00 below Moving Average, Indecision.
💰 Trading Tip 💰
Three pushes up, an ascending wedge, and strong resistance alone is not enough justification to enter a reversal trade unless you fade your position (small entries until the reversal happens). It's better to wait for a strong bear bar closing on or near its low below the 30EMA to provide enough probability to justify a reversal trade. Your probability is still inherently low, but catching a trend when it starts gives you more room for reward, that's the tradeoff.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
#ETH/USDT
#ETH
The price trades in a channel and respects the limits of that channel on a 3-day frame
The price is currently at the 1790 level. It is expected that the price will reach the 1984 level and then the 2210 level
The price is expected to bounce from the 2210 resistance level
The current rally is supported by upward momentum
If you like this kind of analysis don't forget to like and follow
ETH → Mad Dash to $2,500? Or Rejected to $1,800? Let's Answer.Ethereum is at a crucial moment in its journey to break the $2,100 resistance area. We're currently in an ascending triangle, a bullish pattern, knocking on the resistance zone door. Will it break through?
How do we trade this?
If you are not in a trade right now, do not enter one. We should not be longing resistance nor should we be shorting without a sell signal and confirmation. Wait for a break of resistance followed by a test of resistance as support to long. To short, we need a clear sell signal bar and confirmation candle closing on or near its low.
Until then, let's see where the price action goes. FOMO (Fear of Missing Out) is your worst enemy. You're making more money by not falling for the seduction of market profit.
Trade Idea
Long Entry : $2,250
Stop Loss: $2,127.50
Take Profit: $2,495
Risk/Reward Ratio: 1:2
Key Takeaways
1. Ascending Triangle, Bullish Signal!
2. Strong Support on Daily 30EMA.
3. At Resistance Zone, Do Not Long Here!
4. RSI above Moving Average and around 60.00. Bias to Long.
5. Use caution, watch for a reversal signal!
You are solely responsible for your trades, trade at your own risk!
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Join the Excitement: Long ETH as It Aims for $2100!Brace yourselves, because ETH is on the verge of a major breakthrough! Analysts and experts are predicting that ETH's next target is an impressive $2100, and the excitement is palpable!
Why am I so thrilled about this? Well, let me tell you why this is an opportunity you don't want to miss. ETH has been making remarkable strides lately, with its value steadily climbing and its market dominance growing stronger. As one of the most influential cryptocurrencies out there, ETH has proven itself time and again as a force to be reckoned with.
Now, as the market sentiment turns increasingly bullish, it's the perfect time to consider going long on ETH. This exciting surge towards $2100 presents a golden opportunity for you to ride the wave and potentially reap substantial profits. Whether you're an experienced trader or just starting out, this is a chance to capitalize on the upward momentum and be part of the ETH success story.
So, how can you take advantage of this thrilling moment? It's simple! By going long on ETH, you can position yourself to benefit from its anticipated rise to $2100. Don't let this opportunity slip through your fingers. Seize the moment and make a move that could potentially transform your financial future.
Here's your call-to-action: Act today and open a long position on ETH. Whether you prefer trading on a reputable exchange or utilizing a reliable trading platform, make sure you have the tools and resources necessary to capitalize on this exciting market movement. Remember, timing is crucial, so don't delay!
Join the growing number of ETH enthusiasts who are eagerly anticipating its ascent to $2100. Let's ride this wave of excitement together and make the most of this incredible opportunity!
If you have any questions or need assistance in getting started, feel free to reach out. I'm here to help you navigate this thrilling journey towards $2100 and beyond.
ETH Short and LongMy short and long ideas based on my previous analysis
Some take profit my 1975 long from 2090. Totally %30 closed. If price lose 2070 area, l will short to 2010's. Like a hedge, l dont wanna give my profit until right now. If the price doesn't drop too fast and gets a good reaction in the 2010 area, I'm thinking of adding
ETH Have Another Move Up? This Analysis Provides Some Answers.ETH is marching through its bull channel showing great support at the 30EMA and holding its ground in the resistance zone. It appears the bounce off of support has lost momentum. With Bitcoin also stalling at Weekly Support, it leaves some questions open.
How do we trade this?
We should be long in a bull trend until we have reason to doubt the trend will continue. We have a strong bull bar off of the 30EMA followed by a doji (indecision bar or trading range bar) and another forming in the current daily candle. Since we're in the resistance zone, it's reasonable to hesitate in entering a long until we see another bounce off of support.
Alternatively, we can also wait for a short signal in this zone as we have failed to break above $2,140. Until we see either signal, it's reasonable to wait on the sidelines.
Key Points
1. In a Bull Channel, Long Bias.
2. Strong Bull Bar off 30EMA.
3. Price in the Resistance Zone.
4. RSI at 62.00 and Below the Moving Average.
5. Wait for a Sell Signal to Short.
You are solely responsible for your trades, trade at your own risk!
Let us know what you think in the comment section below!