Get ready for the fall of Ethereum!hello friends
Ethereum is approaching its important resistance of 2440. And as you can see, the head and shoulders pattern is forming. which starts its downward trend after touching its resistance and will descend to the first target shown according to the shoulder pattern.
Ethreum
2024 is the year of $ETH and $ALTS!ETHBTC pair is showing a weekly divergence (not confirmed until weekly candle close).
If the RSI divergence forms, we can expect ETH/BTC to rally to its previous ATH until June, and possibly discovering new highs after that (if the narrative doesn't change).
I have to mention that with the current status of the market and many people shifting to other L1s, This ETH/BTC strength may fail. So Vitalik, come on!
ETHUSD is moving within the 2383 –2445 rangeETHUSD is moving within the 2383 –2445 range
General outlook
ETHUSD has been trading in a bullish trend within the last day. The resistance level is now located at 2445.4
If the pair rebounds from the pressure level, analysts recommend opening a Sell order with a Take Profit at the nearest support level. In case the breakout is confirmed, analysts suggest opening a Buy order.
The Support level is now located at 2199 and 2102
Does Ethereum test the bottom of the channel?hello guys
As shown in the picture, we see a channel in this currency
But Ethereum could not break this channel validly.
The bottom of the channel shows us the price of $1,700, which can be a nightmare for short-term investors
But it is a great opportunity for banks and long-term investors
We should also note that Ethereum managed to take a very high price node at $2390.
Also, if we draw from the historical ceiling of Ethereum to the lowest price of a fibo, we will find that the price indicator has reacted to the 0.6 retracement line.
By examining the two important indicators that you can see in the picture above, we see a divergence and capital outflow from this currency
In general, my opinion is that the price can go down to the areas of 2100-2030.
And if there is no support from buyers in these areas, there is a possibility of testing the bottom of the channel.
ETHUSDEthereum is trading above strong support at $1924. This is a good sign that gives ETH every chance to achieve the second and third goals.
But in any case, you need to keep an eye on Bitcoin, because Ethereum is directly controlled by the Bitcoin trend. Now Bitcoin is below its big resistance.
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Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can✍️
Ethereum Forecast: Navigating Market VolatilityAnticipating an upward trajectory towards $2,500 to $2,750, caution remains key amidst the cryptocurrency market's inherent volatility. Each downturn appears as a potential buying window, yet prudence in position sizing is advised. Institutional maneuvers and U.S. interest rate fluctuations may impact Ethereum. While declining rates could enhance crypto appeal, be prepared for the market's characteristic volatility amid potential buying opportunities during dips.
#ETHUSDT LONG#ETH
Since the beginning of December, Ethereum has been moving well, breaking the patterns it created
On a 4-hour frame, breaking the downward trend of corrections
We now have a break in the downtrend for correction and the beginning of an expected rise
Current price 2300
Expected target 2437
This rise is supported by bullish momentum
And strong support areas
ETH GameplanNotes to myself:
1- ETH is sitting at Monthly resistance and had a closing above during December.
2- Cumulative delta flipped on 4M basis. 4M basis bullish bias. 1st targets range.
3- 6M basis closed below Quarter basis support suggesting this is a reactionary trend into 6M basis range.
4- No expectation of a new high because of the settlement below $1235.
5- Long term support is $758.
Conclusion:
- Short term bullish
- Mid Term bullish with swings
- Longer term... New lows.
Ethereum's Dilemma: Surge to $2,500 or Face Decline?Ethereum traders are at a pivotal point as $2,300 proves to be a crucial battleground. Sustaining upward momentum here could lead to a significant rally towards the coveted $2,500 resistance, instilling renewed market confidence. Conversely, bears aim to breach the $2,200 support, potentially triggering a notable downturn with $2,000 as a possible target. The increasing availability of Ethereum on exchanges adds complexity, highlighting the delicate balance between market sentiment and technical factors shaping Ethereum's future path.
ETHUSD H4, Looking for a LONG ✅Hello Traders!
This is my perspective related to ETHUSD H4. I see a retracement until approximately 2050, where we have an OB and also, an important resistance level at 2075.
After the manipulation, I will search for a convenient LONG TRADE entry at approximately 2100 level.
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www.tradingview.com
#ETH/USDT#ETH
The price of Ethereum has been moving in a transverse channel since July 2022
In the Occasional Price Range 1112 $ to 2112 $
We have now reached the upper limit of that channel and it represents a strong resistance.
Some downside expected for the support zone 1150 $
And the rebound from them in 5 bullish waves over the next 3 months, ending with a rise to 3500 $ levels.
#ETH/USDT
#ETH/USDT
After the big rise, we notice a sharp downward movement, which alerts us to the possibility of starting a deep correction at this point, which has engulfed several candles.
The presence of a strong and valid bearish candlestick pattern (CH) reinforces this potential correction. In addition, there are two large fair value gaps (FVGs) at the bottom, acting like magnets, potentially pulling the price down.
The movement will be to the support points shown on the chart
These are targets for the current decline
#ETH/USDT
#ETH
The price trades in a channel and respects the limits of that channel on a 3-day frame
The price is currently at the 1790 level. It is expected that the price will reach the 1984 level and then the 2210 level
The price is expected to bounce from the 2210 resistance level
The current rally is supported by upward momentum
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