ETH/BTC Price Movement AnalysisWe are considering the movements of the ETH price relative to the BTC price.
On the chart of ETH movement relative to BTC, we can identify a specific range where the support level is at 0.04885 BTC, and the resistance level is at 0.08869 BTC. When the price reaches the support level at 0.04885 BTC, a confident bounce is observed, followed by further growth.
Currently, ETH has bounced again from the support level and is in a consolidation phase, which may precede a more significant rise in ETH compared to BTC in the medium term.
However, it is important to note that there may be obstacles to the price, including the volume level at 0.06811 BTC. This level is in the middle of the range and could serve as a profit-taking point for market participants.
Ethreum
ETH/USD Trading Analysis: Loading Zones -> $10kIn this ETH/USD trading analysis, we explore the market movements since July 2022, highlighting the formation of a harmonics pattern and the confirmation of the previous low loading region as support. Notably, the market breached resistance around the $2000 mark, indicating a significant bullish momentum. Further analysis at the daily timeframe reveals a trend of treating the loading zone, particularly at the monthly level, as support, potentially signaling the confirmation of another loading zone.
Anticipating future movements, it's likely that the market will consolidate sideways, with $4000 acting as resistance and the $2000 level being revisited as support before another bullish push. However, it's crucial to monitor the developments closely, as a break above $4000 could lead to it being treated as support, altering the trajectory of the price action. Regardless of the short-term movements, long-term targets are set at $10,000.
As always, it's essential to remember that trading involves inherent probabilities, and the analysis provided here does not constitute trading advice. Traders are urged to conduct thorough research and manage their risks accordingly. Dollar-cost averaging is emphasized as a reliable strategy, with a reminder that investing often outperforms frequent trading.
Wishing all traders success and profitable trades.
Keywords: ETH/USD, trading analysis, harmonics pattern, support levels, resistance levels, sideways consolidation, bullish momentum, price targets, dollar-cost averaging, investing, risk management, trading advice.
#ETHUSDT: Looking for a continuous bullish move up until $4500.BINANCE:ETHUSDT Price had left strong wick rejection and has show some strong bullish behaviour since last two days. We expecting ETH to hit a new record high which would be between $4500-$5000 which will be our final target before ETH make any major correction, use accurate risk management.
There are two scenarios that can happen with ETH, if price decide to make any major correction before hitting 4500$ then the idea will be invalidated and we will update you all. Take this idea as secondary bias and always protect your capital.
good luck and trade safe.
ETH — ROAD TO 1000$After analyzing the bitcoin situation, I would like to note the situation with ETH. This asset has not been pummeled by big players, so it has not yet managed to reach its ATH. I believe that in the near future it will not be able to do so either.
A large number of long positions will also prevent us from going higher, but in the case of ETH the situation is much better. At the bottom there is only one significant liquidity cluster in the range of 1500-2000. Further everything is very well traded up to the level of 1000, so even if bitcoin suddenly goes below 15000 ETH is obliged to stay above its previous global break around the level of 1200-1300.
A squeeze up is possible if bitcoin makes a final push upwards and as a consequence the last remaining liquidity will be collected up to the level of 4250 at the most for ETH.
I expect a reversal of the asset and correction to 1200-1300.
🔴 ETHUSDT 🔴NO LIQUDITY SWEAP NO ENTRY.
STRUCTURE IS CHANGING ANYTIME.
EVERY CANDLE HAS LIQUIDITY.
PRICE ALWAYS NEED LIQUIDITY.
Nobody Knows Where is Price Going.
Hey traders, here is the analysi.
If you guys like my analysis please hit like?? and follow.
Thanks.
SMART MONEY CONCEPT.
identify Liquidity Or Become Liquidity
DISCLAIMER- This is not financial advice.
ETHUSD LONG TERM BULLISH TRADELooking for a possible bullish continuation on the current bullish trend on ETH
This ter thee market broke above the 28/03/2022 high. This is the same high that I have been tracking on the BTC.
Looking for ETH to rally towards its ATH at 4951.83 .
A break of this high I will track the Fib extension high and looking for possibility of the market touching the 100 fib extension at 5750 followed by a possible test of the of the 1.272 fib extension at 7074.71 .
ETHUSDT.1DBased on the given market data for ETH (Ethereum), the current price is at $3909.0 which is slightly below the 4-hour Bollinger Band (Bb4h) of $3997.0 and the 7-day Bollinger Band (Bb7d) of $3910.0. This suggests that the price is not overextended and there could be potential for upward movement.
The Relative Strength Index (RSI) values indicate that ETH is in neither overbought nor oversold territory. The 4-hour RSI is at 56.73, the daily RSI at 85.51, and the 7-day RSI at 83.92. Generally, a RSI above 70 is considered overbought, while a RSI below 30 is considered oversold. The daily and 7-day RSIs are quite high, suggesting bullish momentum, but also nearing overbought territory which could potentially lead to a pullback.
The Moving Average Convergence Divergence (MACD) on the 4-hour, 1-day, and 7-day charts are all positive, indicating a bullish trend. However, the high values, especially on the 1-day and 7-day charts, might suggest that the market is over-extended and could see a correction.
Looking at the support and resistance levels, the closest support level on the 4-hour chart is at $3737.0 and the nearest resistance is at $4029.0. If the price breaks above this resistance, the next targets would be $4150.0 and $4448.0. If it falls, it could find support at $3737.0, $3381.0, or $3120.0.
On the daily chart, the closest support is at $3404.0 and resistance is at $4317.0. On the 7-day chart, the closest support is at $2482.0 and resistance is at $4040.0. These levels can be used to set stop-loss and take-profit points.
In conclusion, the technical analysis suggests that ETH is currently in a bullish trend, but nearing overbought conditions. This could mean potential for more upward movement, but also risk of a pullback. As always, it's important to consider other factors and use risk management strategies when trading.
ETH LOCAL CORRECTIONThe price came to the zone of weekly OB. A huge number of unliquidated long positions at the bottom will not allow the asset to grow further, so we are unlikely to see growth in the near future. I expect a partial distribution of the asset and further decline to 3300 in the next few weeks.
ETHUSD LONG Sitting on Demand Zone Fib TargetsOn this 15 minute chart from the candlesticks, supply and demand zones are tool drawn.
The resistance trendline and flat bottom form a triangle pattern. The Fibonnaci retracement
tool is used to find likely targets which are also pivots to the left. The dual TF RSI indicator
by Chris Moody shows both the faster 5 min and the slower 60 min rising over the 50 level with
the faster higher than the slower. The times straddle the chart time. Based on all of this
I will trade a swing trade long on forex with leverage set at 20. Partials taken 25% at each
target to minimize risk. Stop loss initially 40 ( the height of the green demand zone) then
raised by 22 every time price moves by 20. Expecting 60% profit overall in consideration
of a tiered closure and the leverage for a trade of 10-20 days depending on the trend angle
moving forward.
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 - LONGS VS SHORTSCRYPTOCAP:ETH
A simple visual of what tends to happen with the LONGS/SHORTS vs Price Action
Are you able to see that the ratio is currently showing a more bullish setup that not just the bear market lows but also all of recorded history ATM...
Are you ready for what comes next...?
🚨#ETH/USDT Long#ETH
The price moves in bullish waves on a 1-day frame
We now have an upward trend in blue that we rely on, and it has been touched
We have a strong support area in green at the 2150 level
We have buying momentum on the MACD indicator
With stability above the moving average of 100
Entry price 2265
First target 2486
Second goal 2767
The third goal is 2993
ETHUSD (D) may experience a decline to the $26K-$26.5KCOINBASE:ETHUSD ETHUSD may experience a decline to the $26K-$26.5K
ETHUSD (D) may experience a decline to the price range of $26K-$26.5K. This assessment is grounded in the following observations:
RSI divergence at both the peak and trough of the recent uptrend indicates a weakening bullish pressure relative to selling pressure.
The non-breaking of the MA50 support on the initial attempt is a typical response but also suggests a reevaluation of the prevailing trend.
The abrupt and notable decline, swiftly moving from the $26K price range to $22.4K, raises substantial concerns compared to the preceding ascent.
Despite a robust price increase, recent volume has not demonstrated remarkable strength, highlighting the presence of numerous unsustainable FOMO factors.
RSI resides in the overbought zone, signaling the potential for a price correction at this stage (yet to be confirmed as a trend reversal).
The nearest price support zone lies within the range of $26K-$26.5K, presenting an opportune level for this corrective phase.