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Ethsignals

Ethereum- Buy on confirmationAfter reaching its peak at 4000 on March 11th, COINBASE:ETHUSD began to correct lower towards the 3000 zone, which is the next important level. Despite bearish attempts to push the price below this level over the past trading month, they have failed each time. The decline from the recent peak at 4000 is also confined within a falling wedge pattern, which typically indicates a reversal to the upside. This scenario becomes more plausible with a break above the confluence resistance ranging from 3200 to 3250. In such an instance, we could anticipate the upward momentum to persist, potentially leading the price to retest the 4000 zone once again.
COINBASE:ETHUSDLong
by Mihai_Iacob
1
#ETH/USDT Bullish above this MA...#ETHUSDT appears to be forming a bull flag pattern. A bullish signal will confirm if we see a close above the blue 75 EMA and a breakout from the flag. Until then, consider this a retest of the dotted trendline. Let's wait for the weekly candle to close for more clarity, as the 75 EMA has proven quite reliable on the daily chart! NFA, DYOR! Please hit the like button as it helps me and my team to stay motivated and keep posting such important updates for free. Thank you PEACE
by Cryptorphic
ETHUSD at a Crossroads: Long or Hold on Ethereum?`The Ethereum (ETH) price action against the US Dollar (USD) presents an interesting conundrum for traders. Recent price movements suggest a potential turning point, and the decision of whether to long (buy) or hold ETHUSD hinges on several key factors. Prior High as Support: A Bullish Signal? The current price of ETHUSD sits above a crucial support level – the prior high of around $2,915. This level acted as a resistance barrier in the past, but if breached and held as support, it can indicate a bullish reversal. In technical analysis, support levels are areas where buyers are likely to step in and prevent further price declines. A successful retest of this level strengthens the support and can signal a potential price upswing. The 200-Day SMA: A Long-Term Trend Indicator Another significant factor to consider is the 200-day Simple Moving Average (SMA). The 200-day SMA acts as a line of demarcation between a long-term uptrend and a downtrend. Currently, the 200-day SMA for ETHUSD sits around $3,100. If the price can break above this level and sustain it, it can be interpreted as a bullish sign, indicating a potential shift in the long-term trend. Deciding to Long or Hold: Weighing the Evidence While the prior high and the 200-day SMA suggest potential bullishness, there are reasons to be cautious before going long on ETHUSD. Here's a breakdown of the factors to consider: • Market Volatility: The cryptocurrency market is notoriously volatile. Recent price swings highlight this, making it challenging to predict future movements with certainty. • Macroeconomic Factors: Broader economic factors, such as interest rate hikes and inflation, can significantly impact the cryptocurrency market. Keeping an eye on these developments is crucial before making any trading decisions. • Technical Analysis: While the prior high and 200-day SMA offer insights, they shouldn't be the sole indicators. Utilize other technical indicators like Relative Strength Index (RSI) and Stochastic Oscillator to gauge price momentum and potential overbought or oversold conditions. Holding vs. Longing: A Strategic Approach Given the current market uncertainty, holding ETHUSD might be a more conservative approach. This allows you to observe how the price reacts around the support level and the 200-day SMA. Here are some additional considerations: • Dollar-Cost Averaging (DCA): DCA involves buying ETHUSD at regular intervals, regardless of the price. This strategy can help average out the cost per unit over time and potentially mitigate the risk associated with buying at a peak. • Stop-Loss Orders: Implementing stop-loss orders can help manage risk. A stop-loss order automatically sells your ETHUSD holdings if the price falls below a predefined level, limiting potential losses. Conclusion: Stay Informed and Adapt The decision to long or hold ETHUSD depends on your individual risk tolerance and trading strategy. By closely monitoring the price action around the prior high and the 200-day SMA, alongside broader market factors and technical indicators, you can make an informed decision. Remember, the cryptocurrency market is dynamic, so staying updated on news and adapting your strategy accordingly is crucial for success.
COINBASE:ETHUSDLong
by bryandowningqln
ETH Slightly Bullish 24-Hours ☀, Bearish ☁️ & Downside Next WeekIn the US, there were outflows from the spot Bitcoin exchange traded funds (ETFs) for the sixth consecutive day. “We have seen six consecutive days of outflows, and as the average entry price ($57,300) approaches the current spot price ($59,800), we will likely see more ETF unwinding. Since March 18, the ETFs have seen outflows on 58% of all trading days,” 10x Research said in its daily note. “This will likely lower prices to our target levels and cause a -25% to -29% correction from the $73,000 top - hence our price target of $52,000/$55,000 during the last three weeks,” the crypto research company forecasts. In Hong Kong, the first trading day of the spot Bitcoin and ETH ETFs approved proved to be a cold shower with only $12 million flowing into these new ETFs. Analysts had expected up to $300 million. The price of Ether fell 2.5 percent to $2,918 over the past 24 hours. A slightly bullish sun shines over Ethereum and ATTMO signals a potential upside over the next 24 hours. Over a one-week horizon, bearish clouds are likely to sweep over most of the cryptoverse putting pressure on Ethereum, indicating a potential price drop. Follow us for more crypto news and weather reports!
by ATTMO
ETH target 4700 (perp)4h time frame - TP: $4616~$4890 SL: $2575 - ETH is creating a potential wedge structure, that hasn't been confirmed yet. A standard structure is made of 6 six touching points at least, it's not completed due to lack of one more point on the wedge top. Also, there are two paths if we consider it as a continuation patter, first is the green one, that leave $2817 as the last low and keep going up, second is the red path, which make another low to build a robust bottom before pumping. No matter what scenarios, they can reclaim $4800 in future if sustain continuation of the bull trend since $2171.
Long
by EthanTW
ETH to 2,800 in the next 3 days ☁️, then rebound?May approvals of spot ETH ETFs in the US seem out of question. The meetings held between the asset managers that have filed spot Ether ETF applications and the Securities and Exchange Commission (SEC) have been one-sided and discouraging, CryptoSlate reports. This is in stark opposition to the meetings held ahead of the SEC’s approval of spot Bitcoin ETFs in January, when the regulator had provided significant feedback on the applications. The price of Ether dropped 3.4 percent to $3,208 over the past 24 hours. ☁️  Bearish clouds linger over the global crypto market, including Bitcoin and Ether, in the next 24 hours, indicating downward pressure. Over a one-week horizon, this low pressure will remain over Ripple’s XRP, Litecoin, Cardano, Binance Coin and Uniswap. 🌤️ Bullish trading conditions will, however, prevail over Bitcoin and Ether in the coming week, as the sun manages to break through the bearish clouds, ATTMO shows. Follow us for more crypto news and weather reports!
BITSTAMP:ETHUSDShort
by ATTMO
1
Ethereum's Uphill Battle: Can Bulls Reclaim Lost Ground? Ethereum (ETH), the world's second-largest cryptocurrency by market capitalization, recently experienced a rollercoaster ride, briefly surging above $3,300 before encountering a sharp decline. This price action has left many investors wondering: can the bulls regain control and propel ETH back towards its previous highs? A Short-Lived Rally Followed by a Relentless Downturn The initial rally saw ETH break past the $3,300 barrier, a level that had previously acted as resistance. This positive momentum fueled optimism amongst bulls, who anticipated a potential continuation of the uptrend. However, their hopes were dashed as the bears re-emerged, triggering a swift reversal. The price plunged below not only the $3,300 mark but also the 100-hourly Simple Moving Average (SMA), a technical indicator often used to gauge momentum. This breach suggests a potential shift in market sentiment, with sellers regaining dominance. Technical Indicators Paint a Bleak Picture Adding to the bearish concerns is the break below a crucial bullish trend line on the hourly chart. This trend line had previously provided support for ETH's price, and its violation indicates a potential weakening in the uptrend. Furthermore, if ETH fails to hold the current support level around $3,165, the decline could continue downwards. This additional technical hurdle creates a significant obstacle for the bulls as they attempt to reverse the recent downtrend. Where Do We Go From Here? The near-term future of Ethereum remains shrouded in uncertainty. Several factors will influence its price trajectory in the coming days and weeks. 1. Market Sentiment: The overall sentiment in the cryptocurrency market plays a significant role in determining individual coin prices. If broader market sentiment remains bearish, it will likely put further downward pressure on ETH. Conversely, a shift towards optimism could trigger a renewed buying spree, propelling ETH upwards. 2. Bitcoin's Influence: As the leading cryptocurrency, Bitcoin (BTC) often exerts a strong influence on the price movements of other digital assets, including ETH. If BTC experiences a significant price swing, it can have a ripple effect on ETH, potentially amplifying its own price movements. 3. News and Events: Upcoming events or major news announcements related to the Ethereum ecosystem can also impact its price. For instance, successful protocol upgrades or positive developments within the decentralized finance (DeFi) space built on Ethereum could boost investor confidence and drive prices higher. Can the Bulls Stage a Comeback? While the current technical indicators suggest a bearish outlook, it's too early to write off the Ethereum bulls entirely. Here are some reasons why they might still mount a successful comeback: 1. Strong Underlying Fundamentals: The Ethereum network continues to see steady growth in terms of user activity, transaction volume, and the number of decentralized applications (dApps) being built on its platform. These strong fundamentals could provide long-term support for ETH's price, even amidst short-term volatility. 2. Potential for Renewed Investor Interest: Despite the recent pullback, Ethereum remains a highly attractive asset for many investors due to its established position within the blockchain industry and its potential for future growth. Renewed buying pressure from institutional investors or retail traders could spark a price reversal. 3. The Merge: The highly anticipated Ethereum Merge, which will transition the network from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism, could be a significant catalyst for price growth. The increased efficiency and scalability promised by the Merge could attract more users and developers to the Ethereum ecosystem, boosting its overall value proposition. Conclusion: A Careful Balancing Act The battle for Ethereum's price is far from over. While the bulls face an uphill battle in the short term, the long-term outlook for ETH remains promising. Investors should closely monitor technical indicators, market sentiment, and upcoming events within the Ethereum ecosystem to make informed decisions. As with any investment in the volatile cryptocurrency market, a cautious and well-researched approach is crucial.
BITSTAMP:ETHUSDLong
by bryandowningqln
2
ETH. Levels for intraday trading for the weekend 27-28.04.2024During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP. Levels are valid throughout the day, the date is in the title. The next morning I adjust the levels based on current data and publish a new post. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) --------------------------------------- Levels are drawn before the European session, based on volumes and data from the CME. They are used as zones of interest for intraday trading. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat. Do not reverse the market at every level. If there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. TV does not allow publishing timeframes smaller than M15.Reactions to levels and the search for entry points are more convenient to look at M5-M1. Don’t forget to like Rocket and Subscribe!!!
BINANCE:ETHUSD
by Forex_Hoby
1
4 Market Cap charts and SMA & VRVP- A Warning for Lower Cap ALTSThe Main Chart is the TOTAL Crypto Market Cap and it shows us how the Market is sitting on the Daily POC ( Red Dotted line ) off the VRVP and is gettign sandwiched between the 50 SMA ( RED) Above and the 100 ( BLUE ) Below. - All in all, After the weeks of Ranging, The PA is in Good shape but that VRVP doe sshow resistance over head and possible Lack of support below. TOTAL2 Daily chart below Again, PA is loosely sandwiched between the 50 and 100 SMA but the point to note here is how far below the POC ( point of control ) PA is. Signifies a weakness in ETH compared to BTC TOTAL3 Dail;y chart below - TOTAL3 shows the total market capitalization of the top-125 cryptocurrencies, excluding BTC and ETH. Again, PA finds itself in a position to get squeezed by the 50 and 100 SMA but one VERY noticeable difference is that PA is ABOVE the POC. This shows us that the Bigger ALT coins could drop further but there is support below. I would also interpret this to show that ETH and its ALTS are the weaker compared to other Chains. OTHERS Daily chart below - #THE ONE TO SEE HERE - OTHERS shows the total market capitalization of the top-125 cryptocurrencies, excluding BTC and some other top cryptocurrencies. The Thing to see here above all else is how the PA has already dropped BELOW the 100 SMA ( blue) - It has not done that on any other the other charts. This shows us the bigger Loss is on the ALTS compared to BTC. Again, you'll notice how the PA is below the POC. The conclusion I draw from this is simply that BITCOIN is holding the market in higher Value than anything else. The ETH charts are weaker and below the POC ( point of control ) on the VRVP. Definition. Visible Range Volume Profile (VRVP) indicator calculates the volume profile within the visible range of prices, making it an ideal tool for traders who want to analyze the most recent market trends This simplified Point of Control (POC) indicator for TradingView is designed to identify and plot the price level where the highest volume of trading occurred over a specified period. The Idea of ALT Season that so many have called is FLAWED> We are no where near that yet.
CRYPTOCAP:TOTAL
by Orriginal
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BITSTAMP:ETHUSD
by Thief_Trader
1
ETH - ☀️ & Slightly Bullish for the Week AheadLast week, three issuers obtained approval to launch spot Bitcoin and Ether ETFs by Hong Kong’s Securities and Futures Commission (SFC). These new funds will start trading on April 30, according to various sources, including 10x Research. The approval of the first spot ETH ETFs in the US next month does, however, seem unlikely. “Eerily quiet on spot eth ETFs… Consensus is SEC will disapprove in May. Reason = lack of engagement w/ issuers. Logic says that’s correct, but also wonder if SEC learned lesson from clown show w/ spot btc ETFs. Either way, options are either A) approve or B) face lawsuit IMO,” said Nate Geraci, the co-founder of the ETF Institute. The price of Ether fell 1.1 percent to $3,187 over the past 24 hours. A bullish sun shines over most of the global crypto market in the next 24 hours. Mostly sunny trading conditions prevail over Ethereum, which translates into a slight upside potential. Ripple’s XRP, Avalanche and Chainlink face bearish clouds, signaling downside risks. Over a one-week horizon, the bullish sun should continue to shine over the cryptoverse, with the exception of Binance Coin and Uniswap, which all face bearish clouds. Follow this account for more crypto news and weather reports!
BITSTAMP:ETHUSDLong
by ATTMO
1
Ethereum Eyes $3,600 Resistance as Bullish Signals EmergeEthereum, the world's second-largest cryptocurrency by market capitalization, is exhibiting signs of a potential breakout after a period of consolidation. Recent technical indicators, including a Simple Moving Average (SMA) crossover and price action hovering near a resistance level, suggest a bullish outlook for Ether (ETH). Breaking Down the Bullish Signals: • SMA Crossover: A Simple Moving Average (SMA) is a technical indicator used to gauge an asset's price trend. A recent crossover has occurred where the short-term SMA (often the 50-day) has crossed above the long-term SMA (often the 200-day). This crossover historically signifies a shift in momentum towards an uptrend. In Ethereum's case, the recent crossover suggests a potential break above resistance levels and sustained price increases. • Price Consolidation Around $3,600: Following a volatile period, Ethereum's price has been consolidating around the $3,600 mark. This consolidation phase indicates a period of indecision between buyers and sellers. However, if the price manages to break decisively above this resistance level, it could signal a continuation of the uptrend. • Underlying Demand: Despite the recent market volatility, there appears to be underlying demand for Ethereum. The ongoing development of the Ethereum ecosystem, including the highly anticipated shift to a Proof-of-Stake consensus mechanism, is attracting investor interest. This could provide long-term support for ETH prices. Potential Roadblocks: While the technical indicators are encouraging, some factors could impede Ethereum's upward trajectory: • Macroeconomic Uncertainty: The broader macroeconomic environment remains a source of concern for investors. Rising inflation and potential interest rate hikes by the US Federal Reserve could dampen risk appetite, impacting cryptocurrency prices, including Ethereum. • Regulatory Landscape: Regulatory uncertainty surrounding cryptocurrencies persists. Increased government oversight could potentially stifle innovation and adoption within the Ethereum ecosystem, impacting its long-term growth prospects. • Competition: The cryptocurrency market is a highly competitive landscape. The emergence of new blockchain platforms vying for market share could pose a challenge to Ethereum's dominance. The Path Forward The success of Ethereum's potential breakout hinges on several factors. Overcoming the $3,600 resistance level and maintaining momentum above it will be crucial. Additionally, positive developments within the Ethereum ecosystem, coupled with a favorable macroeconomic environment, could further fuel the rally. Investors should closely monitor the following: • Price Action: Sustained price movement above the $3,600 resistance level is a key indicator to watch. • Trading Volume: Increasing trading volume alongside a rising price suggests strong buying pressure. • Regulatory Developments: Any regulatory clarity or positive pronouncements could boost investor confidence. Conclusion Ethereum's recent technical indicators and price action paint a cautiously optimistic picture. The SMA crossover and price consolidation near $3,600 suggest a potential breakout. However, navigating the broader market uncertainties and overcoming competition will be essential for Ethereum to sustain its upward trajectory. Investors should conduct thorough research and maintain a risk-tolerant approach before entering the cryptocurrency market.
BITSTAMP:ETHUSDLong
by bryandowningqln
2
Ethereum- Back to 4k, confirmation is needed thoughAfter breaking below the horizontal support level in the 3.2k zone two Saturdays ago, BITSTAMP:ETHUSD remained below this crucial level throughout last week. However, after initially reversing upon touching 2850, Ethereum tested that level again and reversed once more on Friday, forming a prominent daily Pin Bar on our chart. As of now, the price has returned to the resistance zone (the former support), and a break back above it would indicate a false breakout and the completion of the correction. I am bullish on Ethereum and am inclined to buy on dips. My target is a retest of the 4k mark.
BITSTAMP:ETHUSDLong
by Mihai_Iacob
4
ETH Faces Bearish ☁️ & 🌧️ In the Next 7 Days - CAUTION! Eight of the top 10 best performing ETFs last week were digital currency funds, largely led by Ethereum futures funds, eft.com writes in its daily note. The best performing fund was ProShares’ Ether Strategy ETF (EETH), which gained 12 percent. This ETF manages a total of roughly $63 million in assets. EY, one of the four major accounting firms, has launched a contract management solution based on Ethereum’s blockchain, CryptoNews reports. “Deploying on a public blockchain is not only cheaper, but also much more scalable, helping enable many-to-many integrations on an open platform with no one company having an unfair advantage by controlling the network,” EY’s global blockchain leader, Paul Brody, is quoted as saying. Mixed trading conditions lie ahead for the global crypto market in the next 24 hours, with bearish clouds linger over Ether, Avalanche and Uniswap, signaling downside risks. However, Bitcoin, Binance Coin, Cardano and Ripple’s XRP will be profiting from a bullish sun and upside potential. Follow us for more crypto news and weather reports!
BITSTAMP:ETHUSDShort
by ATTMO
1