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!
Ethlongsetup
ETH as Whale Traders Inject $124B – An Exciting Opportunity!The recent surge in ETH has been nothing short of remarkable, and it's all thanks to mighty whale traders injecting a staggering $124 billion into the Ethereum network!
The trends are clear, and the time is now to seize this opportunity and make ETH your go-to choice for long-term investments. By joining the ranks of successful traders who are capitalizing on this extraordinary development, you too can ride the upward momentum of ETH and potentially secure substantial profits for yourself.
Are you ready to be part of this revolution? Take action today and make a smart move towards long ETH positions. Don't miss out on the chance to grow your crypto portfolio and be at the forefront of a digital revolution reshaping the financial world as we know it.
To get started, carefully analyze the current market conditions, stay updated with the latest industry news, and consider consulting with trusted investment advisors. Remember, every investment holds its own risks, so exercise prudence, conduct thorough research, and set realistic expectations. By utilizing the available resources, you can stay ahead of the game and maximize your potential gains.
Embrace this thrilling opportunity and embark on a remarkable journey towards financial success. Together, we can ride the wave of ETH's unstoppable ascent and achieve incredible results.
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ETHUSD reach support levelwe have perfect setup for bearish at previous analysis,
right now, support almost reach.
trading plan is simple, buy right now or wait at support around $1,944 and set target at triangle resistance.
I will monitoring and update this analysis if I found some key level.
don't forget to support,
If you have any question, do not hesitate to contact me
Your support at this analysis will also support ETHUSD to reach bullish target
Click here to check my other analysis
ETH Neowave - Elliott Wave Theory Analysis (Weekly - Long Term)In ETH, the Macro structure (if you can look at the chart more remotely) shows the most potential time limit as 113-117 weeks. At the same time, in the microstructure (close perspective), the same duration of waves A and C (since wave B is temporally much longer than A) would correspond to 113-117 weeks in the macrostructure.
(These time relationships are measured for the most common cases - it should not be expected to happen at that exact moment at that exact minute. It is only an estimate of the time horizon).
As a result, I expect it to follow the Yellow or Red path at this point.
The Yellow possibility is more likely to be justified by news such as ETH ETF approval, which may come in a fundamental sense. For this reason, this news should be followed up to date. Otherwise, the red possibility has priority.
I take a 1% risk on the trades. Since the formula of the line chart is different, I am thinking of using a manual stop. Options trading will be more suitable for this transaction.
I will share updates here.
Thank you for your support.
ETH Lifetime Analysis - One More Drop Then New All-Time Highs?Ethereum is comfortably above its bear run low of around $850, but are we going to new all-time highs in the short term?
I doubt it .
Reviewing the lifetime charts for Ethereum and Bitcoin, they both made contact with their lifetime support before hitting new all-time highs. As we can see on this chart, Lifetime Support is at $700, we're a good distance from that price. I believe Bitcoin will suffer the same fate and fall to $20,000 or so before it sees new all-time highs.
Ethereum has another support zone around $850, where the last bear run ended. I expect the price to fall at least to $850, maybe $700 before we see the next bull run. ETH will likely follow Bitcoins lead into 2024 after the Bitcoin halving, and we will at least see the next bull run if not new all-time highs.
Key Points
1. ETH has not touched Lifetime Support
2. Gap to close to Previous Support
3. Lifetime support around $700
4. RSI near Lifetime Support
5. Look for one more pullback before the bull run.
You are solely responsible for your trades, trade at your own risk!
Let us know what you think in the comment section below!
Road to $2529 part 3after reach triangle resistance, ETH pullback with strong bearish candle, and reach fibonacci support now at $1994.7
Target from this support at triangle resistance around $2082
This analysis are continuation from my previous analysis you can check here :
part 1
part 2
I will update more especially at important key level.
don't forget to like this analysis.
Many thanks.
ETHUSD with new flagA new bullish flag perform today with small wave. In this analysis, I use 1 hour timeframe.
To make sure bullish continuation, ETH need to break up $2,102 and create a new higher high as bullish confirmation.
Bullish flag profit projection at $2,308, this target are same level as resistance channel up at my previous analysis.
Click here if you wanna learn about bullish flag pattern.
Don't forget to like this analysis,
If you have any question, do not hesitate to contact me
Your support at this analysis will also support ETHUSD to reach bullish target
Click here to check my other analysis
ETH Breaks Through $2000 with Blackrock's New ETH ETF!
I'm thrilled to share that Ethereum (ETH) has just shattered the $2000 mark, and the excitement doesn't end there. Blackrock, the renowned investment management firm, has recently announced the launch of their brand-new Ethereum Exchange-Traded Fund (ETF). This development is a game-changer for the crypto market and presents an incredible opportunity for all of us.
ETH's breakthrough beyond $2000 is a testament to its growing popularity and widespread adoption. With the backing of Blackrock, a giant in the financial industry, this milestone further solidifies Ethereum's position as a leading digital asset. The launch of their ETH ETF is a clear indication of the increasing institutional interest in cryptocurrencies and the immense potential they hold.
Now, you might be wondering, what does this mean for you as a trader? Well, it's time to seize the moment and consider going long on ETH! The combination of ETH's remarkable price surge and the introduction of Blackrock's ETH ETF opens up a world of possibilities. It's an ideal time to capitalize on this bullish trend and potentially reap substantial profits.
So, why should you consider long positions on ETH? Here are a few compelling reasons:
1. Institutional Confidence: With Blackrock's entry into the Ethereum market, it's evident that major financial players are recognizing the long-term value and potential of ETH. This institutional confidence can act as a catalyst for further price appreciation.
2. Market Momentum: ETH's recent breakthrough is a testament to its growing demand and market momentum. As more investors flock to Ethereum, the upward trend is likely to continue, potentially leading to even greater gains.
3. Diversification: Adding ETH to your portfolio provides diversification, reducing risk and offering exposure to a rapidly expanding asset class. With Blackrock's ETH ETF, you can now access Ethereum's potential without directly holding the underlying asset.
Now is the time to take action and make the most of this exciting opportunity. Consider long positions on ETH, keeping in mind your risk tolerance and investment strategy. As always, it's essential to conduct thorough research and consult with your financial advisor before making any investment decisions.
Remember, the crypto market is known for its volatility, so it's crucial to stay informed and adapt your strategy accordingly. Keep a close eye on market trends, news updates, and any regulatory developments that may impact the crypto space.
Wishing you a prosperous journey as you navigate the exciting world of cryptocurrencies!
Happy trading!
Ethereum's Potential to Reach $2000 TargetEthereum has potential to reach the $2000 target. While it is important to approach such predictions with caution, there are several factors that suggest this milestone could be within reach. This idea aims to provide you with an overview of these factors and encourage you to consider a long position on Ethereum.
1. Market Momentum: Over the past few months, Ethereum has displayed remarkable resilience and has consistently demonstrated an upward trend. Despite occasional volatility, the overall market sentiment towards Ethereum remains positive. This consistent growth is a promising sign for traders who are looking to capitalize on potential long-term gains.
2. Institutional Adoption: Ethereum has gained significant traction among institutional investors, with major financial players showing a growing interest in this digital asset. The increased institutional adoption not only adds credibility to Ethereum but also paves the way for further growth and stability. This trend indicates that Ethereum's potential is being recognized by established financial institutions, which could potentially drive up its value.
3. DeFi and Smart Contracts: Ethereum's blockchain serves as the foundation for a multitude of decentralized applications (dApps) and smart contracts. The explosive growth of the decentralized finance (DeFi) sector has significantly increased the demand for Ethereum, as it remains the preferred platform for most DeFi protocols. As the DeFi space continues to expand and mature, Ethereum is likely to experience increased utility and demand, potentially driving its value higher.
Considering these factors, it is crucial to approach this potential opportunity with a cautious mindset. While Ethereum's growth has been impressive, the cryptocurrency market is inherently volatile, and past performance does not guarantee future results. It is essential to conduct thorough research, assess your risk tolerance, and consider consulting with a financial advisor before making any investment decisions.
If you are interested in exploring a long position on Ethereum, I encourage you to carefully analyze the market, monitor the latest news and developments, and consider setting stop-loss orders to mitigate potential risks. Additionally, staying updated with market trends and being prepared to adapt your strategy accordingly will be key to maximizing your chances of success.
As always, please remember that this idea is not financial advice, and you should conduct your own due diligence before making any investment decisions.
ETHLeading cryptocurrencies Bitcoin (BTC), Ethereum (ETH) and XRP are showing significant gains, according to data from CoinStats. Today, BTC was up 0.91%, trading at $35,171, with expectations of breaking the $35,612 resistance. If this level is surpassed, BTC is likely to reach $36,000 by the end of this week.
On the other hand, ETH outperformed other cryptocurrencies with a gain of 1.73% and is currently trading at $1,909. If ETH surpasses yesterday's peak, it is predicted to hit the critical $2,000 zone by mid-November.
🟢ETH-Looks good for long"Although an ascending channel usually breaks from the bottom to establish a new trend, sometimes the price can create a fake breakout and return to the channel. Therefore, I'm considering this chart as a potentially favorable position for opening a long position.
Please note that this is not financial advice; it's simply a position that appears favorable to me."
ETH Long term view. ~$1K :ong term ETH analysis. Purely focused on the structure of the cycle that Ether follows containing a triple top formation with a 1st high, weaker HH, lower High and a drop down followed by slow consolidation culminating in double bottom - not precisely - in demand zone, which is around $1000 USD this cycle.
Target for next cycle is pure speculation. Only certainty is that ATH will be beaten.
Ethereum Update on 05/08/2023There will be a buy/long opportunity for ETH. Focus on buy zone and 200 DMA.
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
Middle-term trade for Ethereum ETH priceEntry $1831
Stop $1739 (-5%)
Take profit $2794 (+52%)
Potential profit/loss ratio = 10.5/1
So far, the ETHUSDT price is in consolidation in a strong liquidity zone. After the price fix is above $2020, growth may accelerate.
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Bullish Surge: BTC and ETH Soar with Inverse Head and Shoulders!Bitcoin (BTC) is looking positive today, thanks to the emergence of an inverse head and shoulders pattern. The successful rebound from the 29,500 USD resistance level indicates a robust pattern in full swing, setting the technical target at approximately 30,630 USD.
Remarkably, Ethereum (ETH) is also displaying a similar pattern on its chart, signaling a potential boost for ETH in the short term. This bullish setup suggests favorable price movements for both BTC and ETH, creating enticing opportunities for traders and investors. The target for the inverse head and shoulders pattern in ETH is expected to be around the 1954 mark.
BUY MORE ETH AT THIS ZONE AND HOLD!!!!BUY MORE ETH AT THIS ZONE AND HOLD!!!!
I will drop a lot of pictures on this to make it easily understandable
Firstly on the 3Months time frame we have an all-time high and a drop to 78.2% on Fibo which is 1054.33
then we started reversing slowly, I didn’t see it at first but then I saw it on the drop to 1364.5.
A series of HH and HL has been created; the latest one was in 1597. which is at 61.8% Fibonacci from the previous High indicating a reversal that we are seeing
So I expect that low to take out the previous high at 2145 and then find a new higher high which will be at 2449 or high to 3028 there we will see what the market will do and then see.
Check out my trade on Eth with the link