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Ethpriceanalysis

Ethereum ETH ETF trading starts 23|07|24Rumor has it that ETH ETF trading will start tomorrow If memory serves, with the start of BTC ETF trading, the price of Bitcoin 💰 rose briefly, and then a 2-week correction followed... And then there was a without correcting rise #BTCUSDT price from $40 to $70k We model approximately the same scenario on the OKX:ETHUSDT chart As long as the CRYPTOCAP:ETH price is above $3000-3200, it is a strong asset. P.S: Exactly three years ago, on July 20-21, 2021, there was the final bottom of the “painfully” correction, and then was another six-month bull run in the crypto market. Conspiracy theorists and reptilians love these dates and numbers ;)
by P_S_trade
4
Ether Bulls Charge as Price Breaches $3,300The Ethereum (ETH) market has witnessed a significant surge in recent days, with the price decisively breaking through the $3,250 resistance zone. This bullish momentum has instilled confidence in investors, suggesting further potential gains in the near term. Breaking Through Resistance: A Sign of Strength Previously, the $3,250 level had acted as a formidable barrier for ETH. However, the bulls (investors who believe the price will rise) have managed to overcome this resistance, indicating a shift in market sentiment. This breakout suggests a potential increase in buying pressure, pushing the price further upwards. Technical Indicators Add Weight to the Bullish Case Technical analysis, which studies price charts and historical data to predict future movements, strengthens the bullish argument for Ethereum. One key indicator is the 100-hourly Simple Moving Average (SMA). The price currently sits above this average, signifying an upward trend. Additionally, the formation of a bullish trend line on the hourly chart, with support at $3,270, provides further technical validation for the ongoing price increase. Potential for Continued Upsides Analysts are cautiously optimistic about the potential for ETH to continue its ascent. ETH price surpassed the $3,320 and even reached beyond $3,350 resistance levels. However, it's crucial to remember that the cryptocurrency market remains volatile, and unforeseen events can trigger price corrections. Factors Influencing Ethereum's Price Several factors are likely contributing to Ethereum's current bullish run. Here's a closer look at some of the key drivers: • Increased Demand for Decentralized Finance (DeFi): DeFi applications, which enable financial services without traditional intermediaries, are built on the Ethereum blockchain. A surge in DeFi activity can lead to a higher demand for ETH, driving up the price. • The Merge and Ethereum 2.0: The upcoming Ethereum 2.0 upgrade, also known as the Merge, is a much-anticipated event that aims to improve scalability and security. Excitement surrounding the Merge could be attracting investors and contributing to the price increase. • Positive Sentiment in the Broader Crypto Market: If Bitcoin, the leading cryptocurrency, experiences a significant price increase, it often has a positive ripple effect on the entire crypto market, including Ethereum. Looking Ahead: Will the Bulls Maintain Control? While the current outlook for Ethereum is positive, there are still uncertainties. For instance, a regulatory crackdown on cryptocurrencies by governments or a major security breach on a DeFi platform could dampen investor sentiment and trigger a price decline. Conclusion: A Cautiously Optimistic View Ethereum's recent price surge above $3,300 is a welcome sign for bulls. Technical indicators and potential catalysts like DeFi growth and the Merge suggest the possibility of further gains in the near term. However, the cryptocurrency market remains unpredictable, and investors should exercise caution and conduct thorough research before making any investment decisions.
COINBASE:ETHUSDLong
by bryandowningqln
Ethereum in Daily Timeframe.The Ethereum daily timeframe chart shows significant technical levels. The local high is approximately $4,093, with a downward-trending resistance line indicating a bearish trend from this peak. The initial support is around the $3,440 level, represented by a yellow dotted line. The main support is identified by a white upward trend line at $3,100. Ethereum is currently trading around the $3,500 level. A break below this level could lead to further declines. POV: ETH must hold the current support level; if not, be prepared for an 11% drop. Do your own research before investing. Regards Team Dexter.
by Dexter_The_Trader
Ethereum (ETH) Technical Analysis and Trade IdeaIn a recent rally, Ethereum demonstrated significant momentum. In our video analysis, we delve into potential long positions, contingent upon price meeting our entry criteria. Observing the 4-hour chart, we note a prior bearish trend that has now been disrupted by a bullish break in market structure. My bias leans toward a long position, but it remains subject to price action developments outlined in the video. Disclaimer: This content is not financial advice.
Long
by fxtraderanthony
ETH GONG TO 2289$I can't speak with certainty, but considering the model and approach of Ichimoku and GAP,given the decline of Bitcoin as a recognized indicator in crypto, it can be inferred that the decline of Ethereum is not far-fetched. Bitcoin is projected to decline up to 3900 on a daily basis, with that being the target. Therefore, the decline of Ethereum, based on the nearest and only established GAP in this interval, is projected to be up to 2289 $ on a daily basis according to deterministic analysis.
by khosrooparviz
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