ETH updateETH ETF was a typical sell the news move, now after correcting for two weeks I think ETH will go for a wild ride up
Ethreum
ETH ForecastTrend Channels and Correction: There are two distinct descending trend channels visible on the chart. Currently, the price is near the lower boundary of these channels and might make an upward correction. This correction could aim towards the resistance levels marked above.
Fibonacci Levels: The price appears to have touched the 1.618 Fibonacci extension at the 2,914.76 level. A reaction from this level is likely, and the price could move upwards to test the resistance levels.
Support and Resistance Levels: Several important support and resistance levels are drawn on the chart:
Resistance Levels: 3,125.86, 3,232.67, 3,306.00, 3,390.57, and 3,581.27.
Support Level: 2,914.76.
RSI (Relative Strength Index): The RSI indicator is close to the oversold region. This suggests that the price might soon experience an upward recovery.
MACD (Moving Average Convergence Divergence): The MACD indicator might be signaling a potential upward reversal.
Conclusion:
The Ethereum price could potentially rebound from the lower boundary of the descending channel and initiate an upward movement. The first target for this upward movement could be the 3,125.86 resistance level. If it can break this level, it may test the 3,232.67 and 3,306.00 resistance levels subsequently. However, market conditions and the overall trend should be considered, and risk management is essential.
yesterday's setup on longs is finished.yesterday's setup on longs is finished. now I expect a return to the buy zone and another up
DOGE_USDAccording to the bullish structure of the crypto and bitcoin market and the technical conditions of Dodge, you can buy with 3 specified goals.
Ethereum - if opening a long position at the high risk- a big liquidity at the top
That's the plan so far.
If you have any thoughts, please share them with me in the comments.
ETH target 38004h time frame
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TP: $3880
SL: $3000
RR: 8.78
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(1) Potential double bottom is creating
(2) Left leg of double bottom mentioned above performed good support at 0.382 Fib projection
(3) This is an opportunity to add position for traders who followed previous trading plan
(4) $3880 is good to close "partial", not all, there is a higher target
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Previous analysis
#ETH/USDT#ETH
After the approval of Ethereum ETFs, the current correction is expected
Ethereum price has been moving in an upward trend on the four-hour frame since the beginning of July
The price has now touched the rising trend and produced a reversal candle on a 4-hour frame
Expected to rise on targets
Entry price 3177
First target 3315
Second goal 3424
Third goal 3546
This is supported by the bearish saturation on the RSI indicator
The rise also supports stability above the Moving Average 100
And stability is above the current trend
The pattern is canceled if it closes 4 hours below the upward trend in orange
#Ethereum Update:Today was the first day ETH ETFs were traded.
The price of ETH is now correcting because this news is already known and has become just a formality.
What’s important about these ETFs are the volumes, which in the case of the #BTCETF approval initially put selling pressure on the market, followed by a larger upward movement.
I have two scenarios for this 1-day (1D) timeframe:
🟢 Green Scenario (Bullish): Possible recovery and increase in the coming days.
⚫ Black Scenario (Bearish): Short-term correction, but potentially very bullish in the medium term because a lot of liquidity has formed in that marked area and we also have an FVG (imbalance) on the W timeframe + resistance on that parallel channel.
Watch the market closely 3100-3300 and consider these scenarios in your trading strategies!
ETHBTC📊Analysis by AhmadArz:
this analysis for jumping ETH to BTC in low support ... just wait for give zone .🚀
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Ethereum Price Forecast📊In the W1 , we had the same movements that caused the price to stop in those levels , and according to the past chart, we can expect a stop at the 3300$ and 4470$ levels in the next price movements, which will lead to a deep correction.
🔗 For more communication with us, send a message in TradingView.
ETH: Reaction to leve-priceAnalysis by ahmadArz📊 ETHUSDT
This chart represents the Ethereum to Tether (ETHUSDT) pair on a 4-hour timeframe. The analysis of the chart includes several key price levels and potential price movement patterns.
1. **Key Price Levels:**
- **$3950.23**: A strong resistance level where the price has reacted in the past. 📈
- **$3720.77**: Another resistance level near the current price (3736.24). 📊
- **$3410.90**: A support level to which the price might return. 📉
2. **Potential Patterns:**
- Two curved arrows indicate two possible scenarios:
- **Bullish Scenario**: If the price breaks above the $3720.77 level, it is likely to move towards the $3950.23 level. 🚀
- **Bearish Scenario**: If the price fails to break the $3720.77 level and declines, it might reach the support level of $3410.90. 🔻
3. **Reaction to Price Level:**
- The text on the chart "Waiting for reaction to level-price" suggests that the analyst is waiting for the price to react to the $3720.77 level to decide which direction the price will move. ⏳
4. **Black Arrows:**
- The black arrows on the chart indicate key points where the price has reacted in the past. 📍
In summary, this analysis suggests that if the price can break the $3720.77 resistance level, it will likely move towards the next resistance at $3950.23. However, if it fails to break this level, it might return to the support level at $3410.90. The analyst is waiting for the price reaction at these key points to determine the next direction.
-RDThe existence of RD has finally caused the fall of Ethereum and if it loses its channel floor, it can have a further fall
ETHUSDT Market Maker BUY Model - This view is in the medium term / Just a technical overview and not an invitation to buy or sell - you are responsible for your decision
Trading opportunity. ETH, BNB, NEAR, RNDRHi traders and investors!
I have chosen 4 assets on which to look for purchases.
The price of each asset formed a sideways trend on the daily TF and is now at the lower boundaries of these sideways (above the lower boundaries).
ETHUSDT. Current buyer vector 10-11 on the daily TF. Potential target – 3977.
On the hourly timeframe, the price has formed a sideways trend and now the buyer is attacking the upper boundary of the sideways trend. You can search for purchases:
after the launch of a long trend on the hourly timeframe (the buyer protects the exit from the sideways trend on the hourly timeframe and the formation of a new buyer impulse)
from protection by the buyer of the lower boundary of the sideways trend 2822 -2810.
BNBUSDT. Current buyer vector 10-11 on the daily TF. Potential target – 645.2
On the hourly time frame, the price has formed a sideways trend and now the price is near the upper boundary of the sideways pattern. You can search for purchases:
after the launch of a long trend on the hourly timeframe (the buyer protects the exit from the sideways trend on the hourly timeframe and the formation of a new buyer impulse)
from protection by the buyer of the lower boundary of the sideways trend 471 - 454.
NEARUSDT. Current buyer vector 5-6 on the daily TF. Potential target – 6.89
There is a short trend on the hourly timeframe. It is advisable to look for purchases when the buyer overcomes the beginning of the last impulse of the seller 5.003, protects this level, and forms a new impulse.
RNDRUSDT. Current buyer vector 8-9 on the daily TF. Potential target – 11.88
There is a short trend on the hourly timeframe. It is advisable to look for purchases when the buyer overcomes the beginning of the last impulse of the seller 8.273, protects this level, and forms a new impulse.
ETHUSD - ETHEREUM LongWe are in a nice bullish trend and have a strong monthly rejection. At the start of the week we have a resistance (3420) which we have broken through.
A pullback is quite possible but overall very bullish
This is ready to explode
How high can this go?
(IMO, Target = $ 10k)
Wave degree:
Primary: Wave 5 (larger degree),
Intermediate: Wave 3,
minor: Wave 3 (Impulsive rally),
OMNI GOING TO 40 DOLLAR SOO EASY!See the big pump coming soon, buy this chart!
Layer1/2 project, 100 million marketcap, will have only 8 million supply by April 2025.
I recommend you to buy this coin immediately before the big rise in the bull market, which will be the first unlock when the bull market is already over. DYOR
ETH - Preparing for the ETF launch THIS WEEK MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here
Even tho the bull market is here ETH has not fully mooned yet there is still time to buy on DIPS . The market has just hit a critical level . This is a bullish structure and dips are buys, when these dips happen ETH can start its move higher . This needs to be watched carefully.
ETH can get very bullish with this ETF launch so we need to watch carefully
Please watch the video for more information
ETH correction is finished...In my opinion, the correction in CRYPTOCAP:ETH is complete. I am expecting major upside moves in this quarter, specifically around July 20th-21st, rather than in the last quarter.
ETH on daily timeframe Hello traders,
Based on my analysis, i have identified a bearish trend on the higher timeframes. Additionally, i expect ETH to reach the $3200 zone in the lower timeframe to complete its pullback.
After reaching the $3200 zone, i suggest considering both the price action and momentum. I believe that there is a possibility for the price to go down to $2700, and if this level is breached, i anticipate a further decline towards $2000.
It's important to closely monitor the price action, consider other technical indicators, and be aware of any news events that could impact Ethereum. Market conditions and sentiment can change rapidly, so it's crucial to adapt your analysis accordingly.
Please remember that trading involves risks, and it's important to conduct thorough research, implement appropriate risk management strategies, and make informed decisions based on your own risk tolerance and financial situation.
If you have any further questions or need clarification, feel free to ask.
The decline of Ethereum is not yet complete.Many are already disappointed by the recent sharp drop in cryptocurrencies. The decline is not yet over! Even before all the drops, I showed orders on Coinbase around $1,800.
The targets for Ethereum are $1,800-$2,150, from where it makes sense to look for entry points to buy Ethereum, Optimism, Arbitrum, Starknet, zkSync, and other altcoins. I think the sideways accumulation might last about a month.
Thoughts on the film:
🎬 Ethereum — On July 23, the trailer for the documentary "Vitalik: An Ethereum Story" about Vitalik Buterin will be released.
The film has been in the works for over 3 years. The theatrical release is scheduled for fall 2024, and the biography will appear on streaming platforms in winter.
➖ It's fascinating how everything is unfolding: the final decision on the Ethereum ETF for BlackRock is on August 7, the documentary about Vitalik Buterin is coming out 🤠🤠🤠, and all major projects are postponing their listings to October 2024.
➖ It seems that the big exchanges and market makers have given the signal that it's too early to list; first, they need to pump the market up.
➖ Expect further cryptocurrency declines in July, and start looking for entry points into Ethereum at prices between $1,800-$2,150. During the same period, look for entry points into Ethereum's L2 solutions, namely Arbitrum, Optimism, Starknet, and zkSync.
#ethereum #arbitrum #optimism #starknet #zksync
Phemex Anaylsis #3: ETH Price Tumbles & Key Support Levels.The price of Ethereum (ETH) experienced a significant decline today, breaching the previously strong support zone at $2,850 . This price movement indicates a potential shift in the market sentiment.
Traders are now closely watching the next support level at $2,250 . This zone is considered historically significant and could offer some stability to the price. However, if the selling pressure persists and ETH breaks below $2,250, the next potential support level to watch would be around $2,000 .
It's crucial to exercise caution while trading in such volatile market conditions. While there might be opportunities for profit, the risks are equally substantial. Consider using Low Leverage & Stop Loss to manage risk effectively during this period of uncertainty.
Note: Phemex had Launch IceBerg order to help you Enter with minimum slippage. Be sure to check it out!
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
