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Ethsignals

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
#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
Short
by CryptoAnalystSignal
4
ETH ETHEREUM Technical Analysis And Trade Idea ETHUSDLately, ETH has displayed a strong bullish trend. This video thoroughly examines and dissects this trend, closely analyzing price movements and identifying potential trade prospects by assessing various scenarios within the weekly and daily timeframes. Anticipate an in-depth exploration of price behaviors, market formations, trend assessments, and critical technical analysis components. It's crucial to emphasize that the content shared is solely for educational purposes and should not be interpreted as financial advice.
BINANCE:ETHUSD
by fxtraderanthony
ETH Bullish 24-Hour Forecast ☀️ $2,500 Coming?A bullish sun ☀️ continues to dominate the skies over the global crypto market in the next 24 hours, indicating further upside potential for Bitcoin, Ether, and many altcoins. These bullish conditions will persist over a one-week horizon, according to ATTMO. Exceptions are Avalanche, Binance Coin, and Uniswap which will face bearish clouds ☁️ and downside risk in the next 24 hours, as well as Ripple’s XRP and Uniswap over the coming week. Folow us for more crypto weather reports!
BINANCE:ETHUSD
by ATTMO
Celebrating Ether's Breakthrough! Let's Ride the Bullish WaveEther (ETH) has just broken through its prior resistance levels and is now eyeing its next target of $3000! 🚀🎉 The recent surge in Ether's price has been nothing short of remarkable. With each passing day, it becomes increasingly evident that the Ethereum network and its native token, Ether, are gaining tremendous momentum and support from institutional and retail investors alike. As traders, this is an opportunity we cannot afford to miss! So, why should you consider long positions on Ether? Allow me to present you with some compelling reasons: 1. **Technical Breakthrough**: Ether's successful breach of prior resistance levels indicates a significant shift in market sentiment. With an ever-growing ecosystem of innovative projects and smart contracts, Ethereum's potential for further growth and adoption is immense. By longing Ether, you're positioning yourself at the forefront of this exciting revolution. 3. **Institutional Support**: Major institutions are increasingly recognizing the value and potential of Ether. With companies like Tesla, Square, and PayPal embracing cryptocurrencies, we can expect more institutional investors to follow suit. By entering long positions now, you'll be aligning yourself with the big players in the market. Now, it's time for action! Seize this opportunity and join me in long positions on Ether. Let's maximize this bullish trend and ride it to new heights together. Here's what you can do to get started: 1. **Evaluate Your Strategy**: Take a moment to review your trading strategy and consider incorporating long positions on Ether. Assess your risk tolerance and set appropriate stop-loss levels to protect your capital. 2. **Choose a Reliable Exchange**: Ensure you're using a reputable and secure cryptocurrency exchange that supports Ether trading. Look for platforms with robust trading features, competitive fees, and reliable customer support. 3. **Stay Informed**: Keep a close eye on market trends, news, and technical analysis to make informed trading decisions. Stay connected with reliable sources and engage with fellow traders to gain valuable insights. Remember, trading involves risks, and you must conduct your due diligence before making any investment decisions. However, with Ether's current momentum and potential, now might be the perfect time to jump on board and ride the wave of success. Let's celebrate Ether's breakthrough together and make profitable trades! If you have any questions or need further assistance, feel free to reach out via commenting below. I'm here to support you on this exciting journey.
BITSTAMP:ETHUSDLong
by bryandowningqln
ETHUSD how deep can u go?After a great bullish run last night, ETH stop at channel up resistance, now we have 3 important level here : 2193.48 as higher high, and this level became new bullish confirmation 2132.77 are resistance from previous ascending triangle pattern and became classic support 2061.94 are fibonacci 0.618 support the last important point at channel up support. in the next wave, we will have correction or pullback, but how deep ETH can go? make sure you support this analysis to get a quick notification of every update. I will update this analysis and try to buy at correction wave. Btw, Im not trade with short sell, because i'm one side trader (bullish only)
BINANCE:ETHUSD.PShort
by AzrulAzir
ETHUSD Payback time :))CRYPTOCAP:ETH Still in stong bearish from the effect of small dump at BTC (previous analysis), sadly my stoploss hit T_T Right now ETH hit fibonacci support inside an ascending triangle pattern. This is bullish continuation pattern, target from this fibonacci are at $2216.66, but my target only at resistance pattern $2137 My plan are simple, buy with 2% risk at $2009.04 (fibonacci) and rebuy with 2% risk at support around $1973.36 with target 75% close at target 1 and close all at target 2. If I got more support at this analysis, i will update more frequently in every key level. click here if you wanna check my previous analysis
BINANCE:ETHUSD.PLong
by AzrulAzir
Analyzing ETH's Future: A Cautious Approach to Long Positions While some voices in the market are calling for ETH to reach all-time highs, it is crucial to approach these predictions with a cautious mindset. As traders, we understand the importance of thoroughly analyzing various factors before making any investment decisions. Let's take a moment to consider the current situation and its potential implications. ETH has undoubtedly been on an impressive upward trend, showcasing remarkable resilience and growth. However, as we approach new price levels, it becomes increasingly important to exercise caution. History has taught us that markets are rarely linear, and corrections are an inherent part of any asset's journey toward new heights. In light of this, I encourage you to consider adopting a cautious long-term strategy when it comes to ETH. While it is true that the overall sentiment is positive, it is equally important to remain aware of potential bearish signals that may emerge. By taking a measured approach, we can mitigate risks and make well-informed decisions. To assist you in your trading journey, I recommend keeping a close eye on key indicators such as trading volume, market sentiment, and price action. These factors can provide valuable insights into the market's sentiment and potential shifts in trends. Additionally, it is crucial to stay informed about any upcoming events or news that may impact ETH's performance. As we navigate this dynamic market, it is essential to remember that successful trading requires discipline, patience, and a constant reassessment of our strategies. By approaching ETH with caution, we can better position ourselves to capitalize on potential opportunities while managing risks effectively. In conclusion, while some predict ETH's ascent to new all-time highs, I urge you to adopt a cautious approach. Stay vigilant, analyze the market objectively, and be prepared for potential corrections along the way. By doing so, we can make informed decisions and navigate this exciting market with confidence.
BITSTAMP:ETHUSDLong
by bryandowningqln
"Ethereum Price Targets a 5% Increase, Testing $2,141 High"The price of Ethereum (ETH) is poised for a 5% increase, aiming to test the highest level within the $2,141 range before a potential correction. The trend-breaking tool continues to play a supportive role as a key level, with immediate support standing at $2,029, maintaining its position above the ETH peaks. Similar to Bitcoin, the RSI indicator is on the verge of crossing above the signal line, indicating the potential for an upward move. However, if sellers take control, Ethereum's price could fall into the supply zone, acting as a trend-breaking tool, confirming a continuation of the southward movement by breaking and closing below the midpoint of this order block at $1,935. The downturn may extrapolate, causing Ethereum's price to bring the trend-breaking tool back into the supply zone below the support level of $1,864.
BITSTAMP:ETHUSD
by Larissa-Trader