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Ethlongsetup

ETHUSD Investment Plan - 05/May/2024Hello Traders, Hope you all are doing good!! I expect ETHUSD to go Up after completing this correction. Look for your BUY setups around the marked zone. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
COINBASE:ETHUSDLong
by For3xScalper
ETH target 4700 (perp)4h time frame - TP: $4616~$4890 SL: $2575 - ETH is creating a potential wedge structure, that hasn't been confirmed yet. A standard structure is made of 6 six touching points at least, it's not completed due to lack of one more point on the wedge top. Also, there are two paths if we consider it as a continuation patter, first is the green one, that leave $2817 as the last low and keep going up, second is the red path, which make another low to build a robust bottom before pumping. No matter what scenarios, they can reclaim $4800 in future if sustain continuation of the bull trend since $2171.
Long
by EthanTW
Ethereum's Uphill Battle: Can Bulls Reclaim Lost Ground? Ethereum (ETH), the world's second-largest cryptocurrency by market capitalization, recently experienced a rollercoaster ride, briefly surging above $3,300 before encountering a sharp decline. This price action has left many investors wondering: can the bulls regain control and propel ETH back towards its previous highs? A Short-Lived Rally Followed by a Relentless Downturn The initial rally saw ETH break past the $3,300 barrier, a level that had previously acted as resistance. This positive momentum fueled optimism amongst bulls, who anticipated a potential continuation of the uptrend. However, their hopes were dashed as the bears re-emerged, triggering a swift reversal. The price plunged below not only the $3,300 mark but also the 100-hourly Simple Moving Average (SMA), a technical indicator often used to gauge momentum. This breach suggests a potential shift in market sentiment, with sellers regaining dominance. Technical Indicators Paint a Bleak Picture Adding to the bearish concerns is the break below a crucial bullish trend line on the hourly chart. This trend line had previously provided support for ETH's price, and its violation indicates a potential weakening in the uptrend. Furthermore, if ETH fails to hold the current support level around $3,165, the decline could continue downwards. This additional technical hurdle creates a significant obstacle for the bulls as they attempt to reverse the recent downtrend. Where Do We Go From Here? The near-term future of Ethereum remains shrouded in uncertainty. Several factors will influence its price trajectory in the coming days and weeks. 1. Market Sentiment: The overall sentiment in the cryptocurrency market plays a significant role in determining individual coin prices. If broader market sentiment remains bearish, it will likely put further downward pressure on ETH. Conversely, a shift towards optimism could trigger a renewed buying spree, propelling ETH upwards. 2. Bitcoin's Influence: As the leading cryptocurrency, Bitcoin (BTC) often exerts a strong influence on the price movements of other digital assets, including ETH. If BTC experiences a significant price swing, it can have a ripple effect on ETH, potentially amplifying its own price movements. 3. News and Events: Upcoming events or major news announcements related to the Ethereum ecosystem can also impact its price. For instance, successful protocol upgrades or positive developments within the decentralized finance (DeFi) space built on Ethereum could boost investor confidence and drive prices higher. Can the Bulls Stage a Comeback? While the current technical indicators suggest a bearish outlook, it's too early to write off the Ethereum bulls entirely. Here are some reasons why they might still mount a successful comeback: 1. Strong Underlying Fundamentals: The Ethereum network continues to see steady growth in terms of user activity, transaction volume, and the number of decentralized applications (dApps) being built on its platform. These strong fundamentals could provide long-term support for ETH's price, even amidst short-term volatility. 2. Potential for Renewed Investor Interest: Despite the recent pullback, Ethereum remains a highly attractive asset for many investors due to its established position within the blockchain industry and its potential for future growth. Renewed buying pressure from institutional investors or retail traders could spark a price reversal. 3. The Merge: The highly anticipated Ethereum Merge, which will transition the network from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism, could be a significant catalyst for price growth. The increased efficiency and scalability promised by the Merge could attract more users and developers to the Ethereum ecosystem, boosting its overall value proposition. Conclusion: A Careful Balancing Act The battle for Ethereum's price is far from over. While the bulls face an uphill battle in the short term, the long-term outlook for ETH remains promising. Investors should closely monitor technical indicators, market sentiment, and upcoming events within the Ethereum ecosystem to make informed decisions. As with any investment in the volatile cryptocurrency market, a cautious and well-researched approach is crucial.
BITSTAMP:ETHUSDLong
by bryandowningqln
2
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.
BINANCE:ETHUSDLong
by realchartchamp
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.
BINANCE:ETHUSD
by fxtraderanthony
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!
INDEX:ETHUSDLong
by TraderEngineering