ETH Ethereum Trade IdeaETHUSDT has demonstrated a bearish break of market structure within the 4-hour time frame. Our strategy involves initiating a sell position with the aim of targeting previous lows, while setting a stop loss above the previous swing high. It is advisable to secure partial profits upon reaching the first target (T1), adjusting the stop loss to breakeven, and subsequently trailing the price until a bullish break of structure is observed. It is important to note that this is not financial advice, and prudent risk management practices should be employed.
Ethsignals
Cryptolean Ethereum ETH UpdateDaily Chart
Ethereum is trading in the bearish territory in the daily chart.
It is having a rangebound price action between the key resistance zone around $3,409 (marked in grey) and a minor support at $3,200.
Below $3,409 resistance, there is a high probability for a dip towards the key daily support zone of $2,781-$2,956.
The price action with this zone will be very important and, most likely, will result in a bullish rejection of this zone.
A bullish break-out of $3,409 will push ETH price into the daily range zone where we will see slow and choppy price action, first towards $3,600 and, likely, higher to $3,793.
Ethereum will become bullish in the daily chart only upon a sustained price action above $3,793.
In this case, bulls will take control of the daily chart and send price higher towards $4,246-$4,421, the next daily target .
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ETH $20k Bull Run Price ForecastA few members have asked me about my prediction for ETH in the bull run. I want to start by saying I don’t like to make these predictions because a lot of things can change over time, such as the ETH ETF gets approved or ETH could experience a string of bad events. But based on TA, there is a red resistance target to consider for this upcoming bull run that gives a forecast around $20k by Sept 2025, which is when I think the crypto markets could peak. I think ETH could have several touches at this red resistance line throughout the bull run, and I think this will be a key resistance target to consider over the next few months.
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Bullish ☀️ Shines on ETH, Upside Potential For The Entire WeekThe deadline for the Securities and Exchange Commission (SEC) to decide whether to approve or reject eight spot Ether ETF applications on its table lapses in less than two months. However, there seems to be little contact with the concerned asset managers, contrary to last fall prior to the approval of the first nine spot Bitcoin ETFs in the US.
“Re Eth ETF approval, we are holding the line at 25% odds altho tbh it is a very pessimistic 25%. The lack of engagement seems to be purposeful vs procrastination. No positive signs/intel anywhere you look. Personally hope they do approve it but it just ain't looking good,” Bloomberg’s ETF analyst, Eric Balchunas, said.
The Chief Legal Officer of Grayscale, Craig Salm remains confident of their approval. “In the final months leading up to #Bitcoin ETF approval, @Grayscale and others received positive and constructive engagement from the SEC. We had thoughtful conversations and discussed the finer details of creation/redemption procedures, cash v. in-kind, APs, LPs, custody etc.”
“All of these issues were figured out and are identical when comparing spot #Bitcoin to #Ethereum ETFs. The only difference is rather than the ETF holding bitcoin, it holds ether. So in many ways, the SEC already has engaged and issuers simply have less to engage on this time,” Salm added.
The price of Ether fell 1.4 percent to $3,609 over the past 24 hours.
Mixed trading conditions lie ahead for the global crypto market in the next 24 hours, with a bullish sun shining over Bitcoin and Ether. Bearish clouds, signaling downside risks, linger over Ripple’s XRP, Cardano and Binance Coin.
The forecast is sunnier over a one-week horizon, with all cryptocurrencies covered by ATTMO likely to profit from upside potential, Ethereum included.
Follow us for more crypto weather news and reports!
ETH drops to 2000?
ETH technical analysis: Today, the daily level of the big cycle closed a big negative line yesterday, and the K-line pattern continued to fall. The price is below the moving average and continues to break downwards. The indicator in the attached picture crosses downwards and the volume is running, but K The price has already deviated from the moving average in the linear form, so everyone here should pay attention to the risk of price correction and not blindly carry orders; in the short-period hourly chart, yesterday's European market price fell and broke the previous day's low, and it continued today morning. At present, If the support rebounds, then the day will depend on the correction trend, so you cannot go short directly. You have to wait for the correction before entering the market. Therefore, today's ETH trading strategy: short in the 3400-3450 area, stop loss in the 3500 area, and target 3200-3000.
ETH rises by 5,000?
Hello everyone. ETH technical analysis: Today, the daily level of the big cycle closed a big negative line yesterday, and the K-line pattern continued to fall. The price is below the moving average and continues to break downwards. The indicator in the attached picture crosses downwards and the volume is running, but K The price has already deviated from the moving average in the linear form, so everyone here should pay attention to the risk of price correction and not blindly carry orders; in the short-period hourly chart, yesterday's European market price fell and broke the previous day's low, and it continued today morning. At present, If the support rebounds, then the day will depend on the correction trend, so you cannot go short directly. You have to wait for the correction before entering the market. Therefore, today's ETH trading strategy: short in the 3400-3450 area, stop loss in the 3500 area, and target 3200-3000.
ETH is under pressure and falling
Hello everyone.Today, the daily level of the big cycle closed with a small positive line yesterday. The K-line pattern is continuously negative and single positive. The price is below the moving average. The indicator in the attached picture is running downward. In terms of the general trend, it is currently in a retracement trend. The top The moving average resistance position is near the 3690 area, and the low support position is near the 3410 area. This is the range point that needs to be paid attention to this week. There is a high probability that it will fluctuate in this range; the short-period hourly chart yesterday's European market prices rose, and the US market continued, after consolidation This morning it was under pressure and retraced, with the high point around the 3685 area and the low point near the 3410 area. The current price supports a rebound, and the K-line pattern continues to be positive. There is still a counterattack during the day, but the general trend is currently retracing, so we have to wait for today Enter the market after counter-drawing under pressure, so today's ETH short-term contract trading strategy: counter-draw short in the 3665 area, stop loss in the 3691 area, and target the 3600-3580 area
ETH money making signalsToday, the daily level of the big cycle closed with a small positive line yesterday. The K-line pattern is continuously negative and single positive. The price is below the moving average. The indicator in the attached picture is running downward. In terms of the general trend, it is currently in a retracement trend. The top The moving average resistance position is near the 3690 area, and the low support position is near the 3410 area. This is the range point that needs to be paid attention to this week. There is a high probability that it will fluctuate in this range; the short-period hourly chart yesterday's European market prices rose, and the US market continued, after consolidation This morning it was under pressure and retraced, with the high point around the 3685 area and the low point near the 3410 area. The current price supports a rebound, and the K-line pattern continues to be positive. There is still a counterattack during the day, but the general trend is currently retracing, so we have to wait for today Enter the market after counter-drawing under pressure, so today's ETH short-term contract trading strategy: counter-draw short in the 3665 area, stop loss in the 3691 area, and target the 3600-3580 area
#ETHUSDT: Looking for a continuous bullish move up until $4500.BINANCE:ETHUSDT Price had left strong wick rejection and has show some strong bullish behaviour since last two days. We expecting ETH to hit a new record high which would be between $4500-$5000 which will be our final target before ETH make any major correction, use accurate risk management.
There are two scenarios that can happen with ETH, if price decide to make any major correction before hitting 4500$ then the idea will be invalidated and we will update you all. Take this idea as secondary bias and always protect your capital.
good luck and trade safe.
ETH rises to 5000
Ethereum continued to rise to a new high yesterday, and the bullish sentiment has not yet dissipated. It can be seen as the end of the upward trend, but there will still be some space above, so it will continue to rise.
The main reasons for looking at the rise are: the daily line has hit a new high again, indicating that the upward trend will continue, and the market will evolve from a five-wave structure to a nine-wave structure. Ethereum pressure is 4180~4390, and support is 3960~3910. For Ethereum operations, it is recommended to buy at 3695, stop loss at 3635, and target 4200~4500.
ETHUSDT - Up onlyThe current situation suggests a potential bullish trend for ETH/USDT. The fact that the MFI (Money Flow Index) on the weekly chart is at 82 indicates strong buying interest in the market. A high MFI value suggests that money is flowing into the asset, which could be indicative of a potential upward movement in price.
Additionally, the RSI (Relative Strength Index) at 68 on the weekly chart is moderately bullish. While not in overbought territory (usually considered above 70), an RSI of 68 suggests that there is room for the price to continue its upward momentum.
The RSI with a 58-period moving average (RSIMA58) may also be signaling a positive trend. If the RSI is above the 58-period moving average, it could imply that the recent price gains have been stronger than the losses.
Taking these indicators into consideration, it's plausible to suggest that ETH/USDT may experience an upward movement from its current value of 2400 to a range of 3400 to 4600. However, it's crucial to approach such predictions with caution, as market conditions can change rapidly, and unforeseen events can impact price movements. It's recommended to conduct thorough research and consider multiple factors before making any financial decisions.