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Ethsignals

ETHUSD - MY BEARISH SCENARIO DESPITE ALL THE HYPE (TARGET 2100) Yes I know it's bullish on paper but here's a contrarian idea to bring some perspective. What's do we see? (follow the numbers on the chart) 1) The high that's the base of the resistance trendline. 2) A breakout structure that presents sellside liquidity (potential target). 3) A major consolidation that gives a lot of sellside liquidity which to me is a big driver of this bearish analysis. 4) This is a big breakout that led to a lot of hype. What if ETH breaks free from its Bitcoin chains? Well I don't believe it. Right now Bitcoin is still the driver of the crytpo market and that's just fact. 5) The high, aka buyside liquidity, that isn't random. It ended perfectly at the top of the weekly FVG. This to me justifies the consideration of a bearish scenario, ESPECIALLY because BTC is also bearish in my eyes. 6) A re-entry of the range. This is typical for most price action. 7) Liquidity taking. Those lows are just too attractive to not be taken out. But again who knows? Anyways thanks for reading and happy trading! ;)
BINANCE:ETHUSDShort
by Lexi_Is_Trading
2
ETH Faces Downside Risks; 24H, 3D & 7D Horizons Look ☁️ The latest upgrade of the Ethereum blockchain, Dencun, went live on Wednesday. It did, however, face some technical glitches which were eventually fixed. The price of Ether dropped 0.3 percent over the past 24 hours to 2,450 dollars. Mixed trading conditions lie ahead for the global crypto market in the next 24 hours. Bearish clouds linger over altcoins such as Ether, Cardano and Avalanche, as forecasted by ATTMO. Over a one-week horizon, these cloudy skies will also prevail over Bitcoin and XRP, signaling downside risks. This bearish trading trend will extend over Ether, Litecoin, Cardano and Avalanche. Follow us for more crypto weather reports!
BITSTAMP:ETHUSDShort
by ATTMO
ETH → Ethereum Reversal? This Trade Setup Takes Advantage.Ethereum has shown great signs of bull strength as Bitcoin and the crypto market burn hot into this bull run. The time for entering longs on the higher timeframes has likely come to an end. So is it time to short? How do we trade this? 🤔 ETH does not have any sell signals yet, but we did just break into a major resistance area at $2,500. With four pushes up, Bitcoin near a strong resistance area as well ($46,000-$48,000), it's reasonable to start looking for counter-trend trades. I believe there is a short opportunity just below $2,500 down to the Daily 30EMA or the previous Support Zone. To justify this trade, we need a strong sell signal in the current price range around $2,600. Once the $2,500 price area is broken, a potential test of that area should once again fail and give us a confirmation bar closing on or near its low. At this time, It will be reasonable to short scalp ETH at a 1:1 Risk/Reward Ratio. 💡 Trade Idea 💡 Short Entry: $2,500 🟥 Stop Loss: $2,740 ✅ Take Profit: $2,300 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Four Pushes up from Breakout. 2. Entered Major Resistance Level. 3. Short Resistance Level with Proper Bear Signal. 4. RSI at 70.00 and above Moving Average, Supports Short. 5. Watch Bitcoins Response to Current Price Area. 💰 Trading Tip 💰 Never enter a counter-trend trade without the proper signal *and* confirmation. A signal bar will usually have a long wick, and a confirmation bar will follow shortly after the signal bar and have a strong body closing on or near its low or high (bear or bull). ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
INDEX:ETHUSDShort
by TraderEngineering
1
ETH Short-Term ☁️, 3D & 7D Forecast Bullish ☀️ Bullish skies ☀️ grace the global crypto market on the 3 and 7-day horizon! Upside potential beams for Bitcoin and altcoins as the SEC approves the first spot Bitcoin ETFs. A very bullish forecast for Ether, however, a short-term market correction is on the horizon in the next 24 hours. 🚀 ATTMO predicts a sunny week overall, but watch out for bearish clouds ☁️ looming over Polkadot, signaling potential downside risks. Stay weather-wise in the crypto world and follow us for more crypto weather reports!
BITSTAMP:ETHUSD
by ATTMO
ETH → Ethereum Triple Top Calling for Short Trade? Let's Answer.ETH's price action has been caught in a trading range since its bull run to $2,400 on December 9th. We've now registered three failed attempts to break that $2,400 resistance, is it time to short? How do we trade this? 🤔 We can justify a small position short scalp with the current analysis at a 1:1 Risk/Reward Ratio. The justification is the triple top after three pushes up in a bull trend, two strong sell-offs since the $2,400, and the lack of bull momentum at the Daily 30EMA. This position still carries a fair level of risk, so I would not use your maximum position size based on the initial risk. Rather, as more price action unfolds and provides us with more justification for bearish bias, we can add to our trade with additional entries. 💡 Trade Idea 💡 Short Entry: $2,225 🟥 Stop Loss: $2,510 ✅ Take Profit: $1,940 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Three Pushes up from Breakout. 2. Three Sell bars after Push #3, Potential Triple Top. 3. Reasonable Short to Daily 200EMA. 4. RSI at 50.00 and below Moving Average, Indecision. 5. Watch Bitcoins Response to Current Price Area. 💰 Trading Tip 💰 The RSI on its own is a weak indicator and should not be used to make trade decisions. However, when coupled with proper price action analysis, it can help orient the current state of the market and supplement your chart bias. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
INDEX:ETHUSDShort
by TraderEngineering
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.
BITSTAMP:ETHUSD
by AdmamTrade
2
"Ethereum Technical Analysis: Potential Bullish Breakout from FEthereum update Ethereum is currently trending within a rising channel, as shown in the chart. It has formed a falling wedge pattern, similar to one it made a few weeks ago, and bounced by approximately 19% according to the pattern. If Ethereum breaks out of this wedge, it is likely to bounce by almost 19% again. However, if it breaks out of the rising channel, the chart will be invalidated. In the event that Ethereum does break out of the wedge, it would be a good opportunity to open a long position. Stay tuned; I will keep updating
Long
by CRYPTOMOJO_TA
#ETH is about to make a massive 20% move!ETH is poised to make a move to $2700, representing almost a 21% increase from the current market price (CMP). The breakout from the wedge is clean, and there's a perfect retest happening as we speak. This anticipated movement is expected to trigger significant gains in other altcoins. Some of our gem coins have already started moving, with a few experiencing gains ranging from 50% to 100%! For those interested in futures trading, you can use this chart with the right stop-loss (SL) in place. Trade Details: Entry Range: $2166 to $2255 Target Levels: $2377, $2433, $2544, $2634, $2712 Stop Loss: $2098 It's crucial to use a stop loss, especially in the current high market conditions. Failing to do so might result in giving back hard-earned gains to the market. Cheers! If you're interested in more updates, feel free to hit the like button and share your views in the comment section. Thank you. #PEACE *Note: This information is not financial advice. Please conduct your research.*
Long
by Cryptorphic
ETHUSDT.1DBased on the provided data, the current price of Ethereum (ETH) is $2173.0, trading below its 4-hour, 1-day, and 7-day Bollinger Bands (BB), indicating it's currently being sold at a lower price. The Relative Strength Index (RSI) values are below 70 for all three periods, suggesting the cryptocurrency is not in an overbought condition, with the 4-hour RSI indicating a slightly bearish momentum. The Moving Average Convergence Divergence (MACD) for the 4-hour chart is negative, suggesting a bearish momentum, while the 1-day and 7-day MACD are positive, indicating a bullish momentum in the longer term. The support levels are at $2118.0, $1972.0, and $1841.0 for the 4-hour chart, $2120.0, $2024.0, and $1826.0 for the 1-day chart, and $1844.0, $1527.0, and $1346.0 for the 7-day chart. These are the levels at which the price could potentially bounce back if it continues to fall. The resistance levels are at $2423.0, $2450.0, and $2600.0 for the 4-hour chart, $2731.0, $3213.0, and $3590.0 for the 1-day chart, and $3500.0, $3620.0, and $4901.0 for the 7-day chart. These are the levels ETH needs to break to continue its upward trend. In conclusion, Ethereum is showing mixed signals with bearish momentum in the short term and bullish momentum in the longer term. Traders should monitor the support and resistance levels closely and make decisions based on their risk tolerance and market developments.
by MarsSignals