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ETH/USDT Daily Chart Analysis:!!ETH/USDT has been in a downtrend since peaking at around $4,600, with lower highs and lower lows forming a descending pattern. The current price is near the significant support zone around $2,100, which is crucial for maintaining the bullish structure. The key support is at $2,100, a historically significant zone that has acted as support during prior market corrections. The immediate resistance to watch is around $3,000, a previous support zone that has turned into resistance. A move above this level could lead to further bullish momentum towards the next resistance near $3,800. A strong bounce from the $2,100 support, potentially leading to a test of the $3,000 resistance. A break above this resistance could target higher levels around $3,800. Failure to hold the $2,100 support may trigger a deeper decline towards the next support zone around $1,800, or possibly lower if selling pressure intensifies. Pattern Observation: The chart suggests a potential double-bottom formation around the $2,100 level, which could indicate a bullish reversal if confirmed by a breakout above the neckline resistance at $3,000. The presence of a descending triangle pattern also hints at a bearish continuation if the price fails to break above the key resistance. Volume and Indicators: Volume analysis will be crucial; an increase in buying volume at the support level would strengthen the case for a reversal. Oscillators like RSI near oversold conditions would support a potential bounce, while MACD bullish crossovers could confirm a trend change. For a bullish outlook, setting stop-loss levels just below the $2,100 support is advisable to mitigate downside risk. A bearish strategy would involve short positions on a confirmed breakdown of the $2,100 level, targeting lower support zones. This analysis suggests that ETH is at a pivotal support level, where a potential reversal could occur if buying interest increases. Monitoring key levels and volume will provide further insights into the next likely move. Disclaimer: This is not financial advice. Stay updated with market movements and adjust your trading strategy accordingly. Keep an eye out for further updates and analysis. Thank you!
by CryptoSanders9563
Ethereum - Short Trade Triggered and Key LevelsEthereum’s recent touch of a red line has triggered a short trade setup. If this level fails to hold, other red lines on the chart represent potential short trade setups. Meanwhile, green lines are identified as short-term targets for these short trades. Keep a close watch on these levels to manage your trades effectively and capitalize on market movements. Disclaimer: Trading involves risk, and past performance is not indicative of future results. Always conduct your own analysis before making any trading decisions. Engage with this post if it resonates, and follow for updates and more trading insights!
Short
by Remora_traders
ETH/USDT 4HOUR CHART UPDATE !!The updated chart for Ethereum (ETH) against Tether (USDT) in the 4-hour timeframe shows potential for a bullish scenario. Here's the analysis based on the chart: The price is currently within a falling wedge, a bullish reversal pattern, where price action is making lower highs and lower lows within converging trendlines. This pattern often signals a potential upward breakout. The price is currently testing the lower boundary of the falling wedge near a significant support zone between $2,335 and $2,455. This area is crucial as it has acted as support in the past and is currently being retested. Immediate resistance lies at the upper boundary of the wedge around $2,455 to $2,505. A breakout above this level could lead to a bullish continuation towards the next resistance around $2,800 to $2,900. Projected Movement: The chart suggests a potential bullish breakout from the falling wedge pattern. The arrow indicates a move upward toward the upper resistance zone near $2,800 if the breakout occurs. A close above the resistance zone would confirm the breakout and could initiate a new bullish phase targeting higher levels. Key Levels to Watch: A close below the lower boundary of the wedge or the support zone could invalidate the bullish setup, leading to further downside. Conversely, a strong breakout above the wedge could signal a bullish reversal. The current setup suggests watching for a confirmed breakout above the wedge for a long opportunity. If the price maintains support and breaks above resistance, there could be a significant upward movement towards higher targets. Note: This is not financial advice. Stay tuned for further updates and analysis. Thank you.
by CryptoSanders9563
ETH/USDT 1DAY CHART ANALIYSIS !!Here is the daily chart of Ethereum (ETH) against Tether (USDT), with a focus on a potential short scenario. The analysis based on the chart is as follows: The chart shows a clear descending trend with lower highs and lower lows, indicating bearish momentum in the market. The price is currently near a key support area of around $2,360, highlighted by the brown horizontal area. This support area has been tested multiple times and is crucial for the next price action. there is a resistance area near $2,800, which has previously acted as a supply area, which could potentially limit any immediate bullish rally. A breakdown from a small ascending wedge or consolidation pattern appears, indicating further bearish pressure. The chart shows a possible rebound from the current support zone, but with overall bearish pressure, the broader movement may remain downward until the price breaks above the resistance. Below is a long-term ascending trendline, which could act as a key support level if the current support fails. the short-term scenario remains bearish, with a short-term bounce likely from current levels. However, the general bias suggests caution, as the breakdown from the recent consolidation points to a risk of continued declines unless key resistance levels are broken. Note: This is not financial advice. Stay tuned for further updates and analysis. Thank you.
Long
by CryptoSanders9563
ETH/USDT 4-HIOUR CHART UPDATE !! ETH/USDT is currently trading at $2,448, down by 0.07%. On the 4-hour chart, ETH shows signs of weakness after breaking down from a rising wedge pattern, a bearish signal suggesting a potential downside. Immediate support is around $2,395, with a more significant support level near $2,165, where a long-term trendline may provide a strong base. Resistance is seen at $2,580, and a break above this could shift the trend back to bullish. However, failure to hold above support levels might push ETH towards lower zones, potentially targeting the $2,100 area. Watch for volume confirmation on any breakout attempts. Note: This is not financial advice. Stay tuned for further updates and analysis. Thank you!
by CryptoSanders9563
Waiting for level confirmation Followed by correction Waiting for level confirmation Followed by correction At the moment, the ETH/USD trading situation is characterized by volatility, which is often seen in the cryptocurrency market. Ether (ETH) is at levels that can be both support and resistance, depending on current news and analytics. Investors are keeping a close eye on regulatory changes as well as the development of decentralized finance (DeFi) and NFTs, which could influence demand for Ether. Technical analysis shows some support and resistance levels where consolidation may occur. Market sentiment varies and traders are likely to continue to look for short and long term profit opportunities. It is important to keep in mind that changes in the global economy may also have an impact on the cryptocurrency market.
Long
by seventhlab
R/R 1.7📊Analysis by AhmadArz: 1. Range 📉: - The price has been fluctuating between support and resistance levels. After breaking out of this range, the trader enters the trade. 2. Entry Point 🚀: - The entry point is at 2742.55 USDT. The trader initiates a buy position after the price breaks above a key level. 3. Take Profit 🎯: - The target profit is set at 2786.71 USDT. The trader expects the price to reach this level and close the trade with a profit. 4. Stop Loss 🛑: - The stop loss is placed at 2721.97 USDT. If the price falls to this level, the trade will be closed with a loss. 🔹 Summary: The trader is using a breakout strategy, expecting the price to rise, and has set clear entry, exit, and stop-loss levels for the trade. 🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz. 💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets." 🚀Please boost and💬 comment to share your thoughts with us!
Long
by ahmadarz
ETH/USDT Weekly Chart Update !!ETH/USDT is currently testing key resistance levels within the descending channel. A breakout above $3,050 could lead to a retest of higher resistance areas around $3,850. The 100MA near $2,150 has provided strong support, and the price needs to be above this level to maintain the bullish momentum. Traders should keep an eye on volume confirmation and price action near these crucial levels. This update provides a concise analysis of the ETH/USDT weekly chart, focusing on key support and resistance levels, moving averages, chart patterns, and volume considerations. Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
by CryptoSanders9563
1
ETH/USDT 1-day chart update:! ETH/USDT 1-day chart update: ETH has broken below a crucial support level, indicating potential further declines. The price is close to a crucial ascending trendline, which could act as a bounce back with potential resistance around $2,800 if the trendline holds. If the trendline fails, the price could drop to around $2,000. Monitor trading volumes to gauge the strength of the current move. Check RSI levels for oversold conditions, which could signal a potential reversal. Traders should remain cautious and keep an eye out for any signs of trend reversal or continuation. Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
Long
by CryptoSanders9563
#ETH/USDT WEEKLY CHART ANALIYSIS !The ETH/USDT weekly update shows a bearish breakdown below a key support level, with the price currently at $2,502.09. Ethereum is approaching an ascending trendline, a crucial support level. Failure to hold this level could cause the price to drop to around $2,000. Conversely, a bounce off this trendline could face resistance at the previous support level of $2,800. Traders should keep an eye on volume and RSI signals to gauge the strength of the current downtrend and potential reversal points. Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
by CryptoSanders9563
Ethereum : WHALES sell, RE-Accumulation Phase NOWIt's made headlines that large whale wallets have sold off large chucks, driving the price of ETH down by over 35% in only a few days. We see a yearly low in the daily RSI, as well as an "Oversold" flash on the Technical indicator. The good news, is that this will give buyers a few weeks to re-accumulate ETH before the next impulse wave up starts: For the short term, the price will likely continue to trade down the lower Bollinger Bands until the sell-off is over. Retail is catching on to the sell off, so it's likely we'll see wicky price action as this kind of volume will be attractive for algo trading. For the SHORT and NEAR term I am bearish, but for the NEAR to LONG term I remain bullish that another impulse wave up is next. __________________________ BINANCE:ETHUSDT
Short
by CryptoCheck-
1
ETH Respects The Trend, But For How Long?This is my first slightly longer post about the crypto market in some time. Despite being an ETH post, I get more into the market as a whole in this post. Here, I will do a little analysis on the above ETH chart, but primarily I will speak about fundamentals, my accuracies and my inaccuracies, and why I continue to observe the market. Ethereum was my biggest winner in the previous bull market. After buying between $100-200 in 2018-2019, I sold near $3000 at the end of 2021. Since then, I didn't "buy the dip" or return to investing in the cryptocurrency market. Sure, my opinion on things has limited my ability to see the "forest through the trees," so to speak. So far, I've missed out on at least tripling my money again on ETH, when I could have bought close to $1000 if I had been bullish on it long term. Despite the ETF approval for Bitcoin, and despite a looming ETF approval for Ethereum, I am longer term bearish on these assets. This is due to a simple question, the answer to which has not changed: If Bitcoin and other cryptocurrencies ceased to exist, would the world be impacted significantly? With the introduction of these ETF's, the answer to this question may change from "not at all" to "a little bit," but even then, the people who would be impacted are asset holders and managers who are generally making small bets on crypto. The bigger concern is that some brazen investors will follow Michael Saylor's suit and create unnecessary risk by buying assets that have very few real-world application. If this snowballs into an even bigger bubble, I do worry about the impact on the broader financial system. As for crypto's effect on the economy: Money goes into crypto and it stays there. All those billions that have been invested in Bitcoin ETF's could go somewhere else and have a positive ripple effect on the economy and people's lives. Instead, it's stagnant money, and it only has value because people continue to buy it. The primary reason why I'm longer term bearish on these assets is because I believe eventually demand will be unable to keep up, and prices will stagnate, ultimately fading into a much longer bear market. This is particularly the case when broader markets fall into a more deflationary period, which I think will happen eventually (though as we know, this is very hard to predict). It is clear that I was wrong in speculating Bitcoin would not make a new all time high. It did, but I wonder how long it could really sustain a SIGNIFICANT higher high. I'm not talking about $70-75k. I'm talking about $100k+ prices. Back in 2022, I speculated that ETH would drop to the green zone in my chart. It came very close, but bottomed out between $800-1000, a major level from the 2017-2018 bull market. I did successfully anticipate much lower prices for Bitcoin and Ethereum than most were expecting at that time. I did not anticipate such an extended move up from those bottoms. It is important to note that in multiples, crypto is outpacing the stock market from bottom to recent top. However, stocks are making more significant new all time highs while crypto is not. Even Gold is booming, breaking significant highs. This is something I did anticipate a while ago. There is no indication that holding crypto ETF's will be better than holding stocks. But hey look, Microstrategy (MSTR) is almost at dotcom bubble peak levels. Back to ETH - if one is to take a big short position, it seems unwise to do so until the long term trendline is clearly broken. Here is the trendline zoomed in. You can see that price even broke down briefly, though continued to hug it for the most part while the decline did not accelerate further. For now, it continues to ride. There could easily be more spikes up, as mania begins to take hold. But I sincerely also wonder how much extra money retail has to drive prices up this time around. Data shows that spending has slowed down, while people have mostly burned through their pandemic savings. Where will the liquidity come from? Is this rally even being driven by enough liquidity to sustain these prices? There is also always money to be made on the short side. Let's not forget that a short ETH ETF already exists. We will eventually find out the answers to these questions. These are the primary reasons I continue to observe markets. I want to know more deeply what's going on. What are the broader cultural and economic shifts that occur under the surface, which cause major impacts on society as a whole? These mysteries keep me coming back. Crypto is still interesting to me in this respect because it has such a psychological impact on the investor. I know directly from experience. It promises big things and then barely delivers. Or, it will appear to be completely dead and then cause eyeballs to pop when it suddenly triples in value. Profiting from it in the last cycle required putting up with a long emotional rollercoaster. Is there a light at the end of the tunnel for the crypto investor? Is this, right now, the light at the end of the tunnel? If so, this is a pretty far cry from the original intentions of Bitcoin. It's all gone right back into the pockets of traditional financial institutions. And perhaps, it is this discrepancy that makes me think it's really a sheep in wolf's clothing, in effect something perfectly boring and ordinary disguised as something disruptive. It is possible that it it may have not turned out this way, but due to human collective decision-making, greed, and exploitation, here we are. Despite my more sporadic posts, I continue to observe and analyze. It is not necessarily about being right or wrong for me. Maybe when I was younger it was, but now it's more about the process. It is important to let go of the attachment to being right. Thank you for reading as always. And of course, this is meant for speculation and entertainment only, not financial advice.
COINBASE:ETHUSDShort
by VictorCobra
ETH for the Bears After all this excitement with the ETF approval we have expected the fundamentals to kick in and take this baby to All Time Highs. Unfortunately we have seen the opposite. From my technical analysis we may be experiencing a bearish cycle for Ethereum. I myself was anticipating the Fib Level to be in favor of the upside but now i’m noticing a clear bear flag on the 3hr - Daily timeframes. The fib level indicates a price drop to around 3,080 and if it breaks below that we will see a push to the downside of nearly 2800. Let’s say they’re going to target some liquidity… that would drop the price further beyond 2000 and around 1800 range If it holds support around 3100 we should be aye okay to start heading towards the upside and move away from the downside
COINBASE:ETHUSDShort
by bigdreamsrichmotives
9
ETH - Short to 2,800ETH - Short-term Bearish from 3,120, especially if BTC does not maintain 63k on the daily candle close. MACD has some sellers with a slight bullish divergence in the neutral zone, heading to oversold but we are not there yet. Fear and Greed index shows we still have not reached the peak fear zone. I think we might see continued selling until 2,786 to 2,804 area before we see a reversal. I'd like to see ETH hold above 2,800 on the Sunday candle close for invalidation of the short. ETH still in danger of a death cross on the daily in the next few days if it doesn't catch a strong bid, or a bid off the next support.
COINBASE:ETHUSDShort
by DClayton