ETHUSD: Breakout to 6K or Drop to 2K? Key Levels to Watch!ETHUSD
Alright Mindbloome Fam, here’s the deal with Ethereum—keeping it super simple:
If we break 4100, I think we’re heading to 5K–6K. That’s where things could really get exciting.
But if we dip to 3K, we might see a pullback all the way to 2100. And if it goes lower? We’ll figure it out when we get there.
No need to overcomplicate it—just watch these levels and be ready. If you want to talk more about this or need some tips, check out my profile or DM me. Happy to help!
So, what’s your gut saying—do we pump or dump from here? Let me know!
Kris/ Mindbloome Exchange
Trade What You See
Ethtrading
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#ETH/USDT Ready to go higher#ETH
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 3825
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 3860
First target 3914
Second target 3972
Third target 4035
Ethereum (ETH/USD) Entering a Bullish Phase: Key LevelsEthereum is currently showing signs of strength as it enters a positive, bullish phase. Following a period of consolidation and recovery, ETH is gradually climbing towards a significant resistance level at $4,394, a price last seen in May 2021. This level remains a key psychological and technical barrier for ETH, and breaking it could determine the next major price movement.
Market Context: Bitcoin’s Role
The broader market outlook is also highly favorable, with Bitcoin (BTC) expected to maintain levels above $100,000 throughout December. This stability in BTC could provide the necessary momentum for Ethereum to approach its $4,394 resistance.
Potential Scenarios for ETH/USD:
1. Scenario 1: Pullback Before the Breakout
In the most likely scenario, ETH may approach $4,394 but face resistance, leading to a pullback towards the $3,300 range. This retracement would allow for consolidation before another attempt to break the key level. This scenario aligns with typical market behavior, where assets retest major resistance multiple times before a breakout.
2. Scenario 2: Breakout and New All-Time Highs
Should ETH successfully break through the $4,394 barrier, the bullish momentum could accelerate. This breakout would open the door for a sustained rally, potentially pushing ETH towards new all-time highs in the $6,000 to $6,500 range between May and July 2026. Such a move would signal a significant shift in market dynamics, fueled by broader crypto adoption and improved market sentiment.
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Technical Indicators and Key Levels:
- Support Levels:$3,300, $3,800
- Resistance Levels:$4,394, $4,800
- Target Range Post-Breakout:$6,000 – $6,500
In summary, while ETH is currently showing bullish signs, the $4,394 resistance level will be a decisive battleground. Whether ETH pulls back or breaks through, its long-term prospects look promising, especially if BTC remains strong. A successful breakout could set the stage for Ethereum’s next major rally, potentially reaching new highs by mid-2026.
AI Pattern Recognition Bot: Triangles, Cup and HandleH ello,
This is what my AI pattern recognition bot came up with:
AI recognized the following chart patterns: Triangle (White and Blue), Cup and Handle (Green)
Computing Resistances: Local Top - $3700 (Red), Triangle Tops - $3900-$4000
Potential Trade: Long until the psychological resistance at $6000
Target Price (Cyan): $6000
Stop Loss: Triangle Breakdown - $2000
AI recognized two different triangles on the chart: the white symmetrical triangle and the blue triangle. These triangles define the white and blue support and resistance levels. Furthermore, there is the red resistance level from local tops. If Ethereum can break resistances, it might visit the psychological target and resistance at $6000. If Ethereum falls to $2000, the triangles might break down, which would have a bearish indication. Historically, similar triangles usually break upwards with a 63.5% chance. Cup and Handle pattern often breaks up with a 70.5% chance. In general, I expect Ethereum to break the chart patterns upward and initiate momentum into the cyan target price.
Regards,
Ely
ETH/USD Daily Chart: Ready for a BreakoutEthereum’s price action on the daily timeframe is showing signs of a potential breakout. As indicated on the chart, I have added a second position to this trade. Unlike my typical strategy, I will not take partials on this trade—I plan to close one full position instead.
Technical Analysis:
• Retracement to Key Fibonacci Levels: On the weekly timeframe, Ethereum retraced to the 0.6 Fibonacci level, a strong support zone that has shown a significant bullish rejection. This deep retracement hints at potential strength, setting the stage for an upward move.
• Resistance Zone at $2.5K: If ETH manages to break and close decisively above the $2.5K mark, it could confirm a healthy bullish continuation, signaling a possible retest of the upper ranges around $2.8K-$2.9K. However, if the price stalls, we may be entering a range trading scenario, fluctuating between $2.1K and $2.9K. In this case, I’ll close both positions around $2.8K-$2.9K, depending on how price reacts to those levels.
• Trendline Break: The daily chart shows that ETH is attempting to break a descending trendline. A confirmed break above this trendline would add more weight to the bullish case and indicate that ETH is gaining momentum.
Risk Management:
• I’ve set the stop-loss slightly below key support zones, minimizing downside risk if the market turns. As always, managing risk is the key factor. Should the price dip below the critical areas of support, I will consider closing both positions to limit losses.
Fundamental Insights:
1. Monochrome’s Ethereum ETF Launch: Monochrome has launched the first Ethereum ETF (IETH) on Cboe Australia today, adding a significant bullish catalyst to Ethereum’s price action. With in-kind Ether redemption and subscriptions, this ETF offers better tax efficiency for institutional investors, potentially increasing demand for ETH.
2. Institutional Activity: There’s a notable accumulation of ETH by institutional players. A wallet linked to Longling Capital recently added another 5,000 ETH ($12.34M) to its balance, pushing its total holdings to 68,064 ETH ($168M). This kind of movement underscores strong confidence in Ethereum’s price trajectory. With institutional players coming back into the market after the liquidation event in 2022, we are seeing a resurgence of interest in Ethereum, especially as it holds above the $2.5K mark.
3. Ethereum Price Action: Ethereum is gaining momentum, climbing over 3% today and trading above $2,500, aligning well with the overall rally in the crypto market. This rally is also supported by Bitcoin’s strength, as it trades near $65,000, further bolstering the sentiment in the crypto space.
Market Sentiment & Conclusion:
Despite some slowdown in institutional demand for crypto ETFs in the U.S., Ethereum’s price action and the recent ETF launch in Australia add positive momentum to this setup. If Ethereum continues to hold above $2.5K and follows through with a breakout, the next target will be around $2.8K-$2.9K. If the breakout stalls and range trading ensues, I’ll close my positions accordingly.
ETH traders should keep an eye on price action around $2.5K. The key takeaway is that even in uncertain market conditions, sticking to a well-defined plan, like the one outlined here, helps ensure proper risk management while seizing potential opportunities.
Let’s continue to monitor how this plays out!
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
#ETH (SPOT) entry range( 2330- 2530)T.(3380) SL(2310)BINANCE:ETHUSDT
entry range ( 2330- 2530)
Target1 (3080) - Target2 (3380)
SL .1D close below (2310)
*** collect the coin slowly in the entry range ***
*** No FOMO - No Rush , it is a long journey ***
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#ETH/USDT / Ready to go up#ETH
The price is moving in a descending channel on the 30-minute frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 2780
We have a downtrend, the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 2808
First target 2855
Second target 2913
Third target 2988
ETH through prism of Fib and Elliot wave theoryHello everyone.
Today I will talk about ETH, the one ALT to rule them all.
It is best if we look at the big picture and forget about day-to-day movements, news and all the other noise. Let us just look at the chart through basic Fibonacci levels paired with Elliot Wave Theory.
First lets go through Elliot waves.
Wave 1 started in 2017, first bull run.
Wave 2 was in 2018, bear market.
Wave 3 2019-2022, bull run.
Wave 4 was short bear market in first half of 2022.
We are currently in Wave 5.
I have added to this chart Trend-based Fib extensions to help predict the possible top.
Wave 3 ended just below 3.618 Fib extension. I like to be more on the conservative side so I will be looking for this run to end at max 2.618 Fib extension, which currently projects a price of 13k USD per ETH, making it a potential 4x profit.
Remember, this is not a financial advice. This is just my thinking, shared with you.
If you like my work, give it a boost and check my other ideas. If you find value in them, subscribe.
Good luck!
#ETH/USDT#ETH
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 2452
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 2525
First target 2613
Second target 2686
Third target 2771
Ethereum Breaks Through $2500 Resistance: Will the Rise Hold?Ethereum, the second-largest cryptocurrency by market capitalization, has achieved a significant milestone by breaking through the $2500 resistance levels. This development has positioned the cryptocurrency for further potential gains.
The Breakout
Ethereum's recent surge has been notable, with the price approaching the $2650 mark. This positive momentum indicates a strong bullish sentiment among investors. The cryptocurrency's consolidation above the 100-hour simple moving average suggests that the upward trend may be gaining traction.
Key Resistance Levels
However, there are still significant resistance levels that Ethereum must overcome to sustain its upward trajectory. The $2640 level represents a crucial hurdle. If Ethereum successfully breaks through this resistance, it could pave the way for a more extended rally.
Potential Targets
Beyond $2640, the next major resistance level lies at $2720. If Ethereum can breach this mark, it could open the door for a more substantial price increase. Consolidation at the $2720 level could lead to further gains, with potential targets at $2800 and $2880.
Factors Influencing Ethereum's Price
Several factors are influencing Ethereum's price and contributing to its recent rally:
• Growing Adoption: The increasing adoption of Ethereum-based applications and smart contracts is driving demand for the cryptocurrency. As more businesses and developers utilize the Ethereum blockchain, the value of the network and its native token, ETH, is likely to appreciate.
• Institutional Interest: Institutional investors are increasingly allocating a portion of their portfolios to cryptocurrencies, including Ethereum. This growing interest from large financial institutions can provide significant price support.
• Technical Indicators: Positive technical indicators, such as the Relative Strength Index (RSI) and moving averages, suggest that Ethereum is in a strong uptrend. These indicators can provide valuable insights into the cryptocurrency's momentum and potential price targets.
• Macroeconomic Factors: Global economic conditions and regulatory developments can also impact Ethereum's price. Favorable macroeconomic factors, such as low interest rates and increased liquidity, can create a favorable environment for risk assets like cryptocurrencies.
Conclusion
Ethereum's recent breakout above the $2500 resistance levels is a significant development. The cryptocurrency's upward momentum and positive technical indicators suggest that further gains may be in store. However, it is essential to remain cautious and consider the potential risks associated with investing in cryptocurrencies.
Investors should carefully evaluate the factors influencing Ethereum's price and conduct thorough research before making any investment decisions. The cryptocurrency market is highly volatile, and past performance is not indicative of future results.
ETH (Crypto ETHEREUM) SELL TF H4 TP = 2286.86On the H4 chart the trend started on Sept. 27. (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 2286.86
This level, which I have outlined above, is certainly not a “finish” level. But it is the level that has the “highest percentage of hits on target.”
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
#ETH/USDT#ETH
The price has broken the descending channel on the 1-day frame upwards and is expected to continue
We have a trend to stabilize above the moving average 100 again
We have an upward trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 2200
Entry price 2400
First target 2750
Second target 3205
Third target 3740
ETH (Crypto ETHEREUM) BUY TF H1 TP = 2391.45 On the H1 chart the trend started on Sept. 7 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 2391.45
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
ETH target $2240 (sjort-term)4h time frame
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Entry: $2800
TP: $2240
SL: $2950
RR: 3.7
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(1) Still on the path of Elliott 2nd wave
(2) Need more momentum accumulation before 3nd wave starts
(3) Potential Head and Shoulders on 4h
(4) There is a buying opportunity at $2200~$2100
(4) Be careful and make sure to stop loss, the crazy pump is coming
ETH (Crypto ETHEREUM-USD) BUY TF H4 TP = 3347On the H4 chart the trend started on Aug. 08 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 3347
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
Bullish after January 2025Bullish on ETH 🐂 Expecting a move towards $5,114.38 after or around January 2025. Strong fundamentals and recent development in ETF's are driving this positive outlook. I'm expecting price action to start move bullish in and around 2025, Dollar cost average ETH if the best bet.