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ETH/USD: Tumble Lower and Crucial Short-Term Support LevelsETH/USD suffered a swift decline in value this weekend which correlated to the broad cryptocurrency market and is now near important short-term support. ETH/USD was trading near the 4660.00 mark on the 3rd of December. Selling pressure began to build within Ethereum on the 4th and developed into a flash crash which took the value of ETH/USD to nearly 3475.00 briefly. The price of Ethereum has recovered and, as of this morning, ETH/USD is near the 4100.00 ratio. Velocity has been fast in all of the cryptocurrencies the past couple of days. While yesterday’s reversal higher was significant, ETH/USD actually is traversing near what can be perceived as crucial support levels. Traders certainly need to recognize the dive ETH/USD took on Saturday regarding its flash crash. But the price of ETH/USD only touched the lower values momentarily and the fact that those lower levels were not sustained is important. However, ETH/USD is still below values it was trading last week and it is now testing support levels which were tested in the middle and end of November. ETH/USD traded near a record high of almost 4880.00 on the 10th of November, but has seen choppy conditions since then. On the 26th of November, after suffering headwinds following the all-time highs in the second week of the month, ETH/USD was trading near 3915.00 before reversing higher and achieving a ratio of approximately 4785.00 only two days later. Since reaching the 4785.00 price and factored at its current value today, ETH/USD has lost almost 18% of value. Traders face a difficult decision as the week begins. Volatility is part of the trading landscape for ETH/USD, but its recent price action has seen an increased amount of velocity which means using stop loss and take profit tactics is vital for reasonable outcomes. Speculators who pursue ETH/USD for short-term endeavors know the cryptocurrency is a wager. In order to get solid results with Ethereum traders need to keep realistic goals and not become overly ambitious as they pursue momentum. If current support levels for ETH/USD begin to look vulnerable near the 4050.00 junctures, traders may again suspect that the 4000.00 ratio is a legitimate target. If values can be sustained below the 4000.00 price this could be considered a negative sign for ETH/USD and lower targets could be tested. Certainly there will be traders who believe upside reversals will develop, but if buying opportunities are being pursued caution is also heavily advised. Ethereum Short-Term Outlook Current Resistance: 4233.00 Current Support: 4035.00 High Target: 4412.00 Low Target: 3966.00
COINBASE:ETHUSDShort
by SmoothJB
1
ETH Bullish Triple Bottom o I'm just dreaming? Opinions, please!I sincerely wish for a bullish future for ETH, so this makes me wonder if my brain is playing tricks o I see a Bullish triple bottom forming up. *Strong support level at 38% FIB BLUE ARROW = BULLISH TRIPLE BOTTOM = Happiness for those with long positions. RED ARROW MEANS = I have no clue what will happen so, be alert. Happy trading for everyone. Ps. I would much appreciate opinions on this idea to grow together, Thanks.
Long
by TradersJournal
ETH/USD LONG TO NEW ATHEthereum (ETH/USD) came off early in the Asian session as the pair depreciated to the 4523.99 level after trading as high as the 4759 level during the North American session, with the interday high representing the strongest print since mid-November. Buying pressure emerged around the 4350.91 level during the European session, a level that is now right around the 50% retracement of the recent appreciating range from 3950 to 4759. Stops were elected above the 4391.41 level, representing the 50% retracement of the recent depreciating range from 4867.81 to 3915. ETH/USD bulls continue to focus on upside price objectives including the 4895.12, 5035.94, 5060.87, and 5268.46 areas. Following the recent volatility, downside price retracement levels and areas of potential technical support include the 3759, 3497, 3174, and 3125 levels. Traders are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly). Price activity is nearest the 200-bar MA (4-hourly) at 4407.06 and the 50-bar MA (Hourly) at 4381.60. Technical Resistance is expected around 4895.12/ 5035.94/ 5060.87 with Stops expected above.
COINBASE:ETHUSDLong
by MavRich_Trading
1
ETHUSDT , This model can happen for the priceHello everybody In here according to the model of the movement that we shown chart , it made with different model and check it in and ... According to the different TA in elliott , neowave or price action , the think the price need to have another drop to have healthy recover and correction , then it can be ready to go up and move to the other target The target will be shown on chart Dont forget take signal then entrance in any position and buy If you have any question ask us , if you have any cm tell us :D Previous analysis of ETH : Good Luck Abtin
Long
by Abtin00
4
Ethereum- Was this all?On 10th of November, Ethereum (like a lot of crypto) has started to correct and after a short-lived spike under 4k, EthUsd has started to rise and now is consolidating in a triangle. I admit I had expected a deeper correction, but the market seems to contradict me... From a technical point of view, since the low under 4k, Ethereum is putting in higher lows on our chart and we have a clear resistance zone between 4.3k and 4.35k Once this resistance is broken, ETHUSD can accelerate gains and the focus is a new ATH and 5l zone At this point, the cryptocurrency should not drop under 4.15k for the bullish scenario to remain valid
BITSTAMP:ETHUSDLong
by Mihai_Iacob
25
Ethereum- 4k is extremely important for bullsLike its bigger brother, Bitcoin, Ethereum also has made a new ATH on the 10th of November and the price has started to correct afterward. Also in EthUsd case we can see selling pressure and after the 4.4 correcting rally the price has started to drop again. 4k is clear support now and bulls need to keep this intact if they hope for a quick recovery. Looking at the weekly chart, things are not looking good at all... The 4.8k is marked by an Evening Star candle formation and a break of 4k would expose 3.4k support. However, a deeper correction in the crypto market can even drive the price to 2.7k So, as I said, it all depends on this 4k support(Just my opinion). For now, I maintain my bearish outlook and only price back above 4.4 would change my opinion www.tradingview.com
BITSTAMP:ETHUSDShort
by Mihai_Iacob
24
Etherium (ETHUSD) 1HOURLY NEAR FUTURE PREDICIONSTechnical Analysis Summary ETH/USD TREND ANALYSIS We have 2 UPWARD trend in green color we have1 downward trend in red The wider the trend the stronger FUTURE PREDICTIONS We have many resistanse and support levels that I have mentioned above. I use thickness as an indicator of stregth of levels (ONLY FOR VISUALS). Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
BINANCE:ETHUSD.P
by husseindergham
ETHUSDT , Its amazing situation for futures traderHello traders We are ready to be the best in tradingview for helping you guys , to trader without loss and with learn how to trade in the most principled way possible . We want to publish this position sooner but we cant published more than 10 chart a day In multi time-frame we check that the trend was changed to the upward trend and we had some pullback and we should buy because of the trend and our strategy and wait until our target reach and after that we will publish and update new chart for you traders , One of the most important thing is guys check the chart in 15 min or 5 min time frame to have lower lower lower stop loss and nice R/r . Use stop loss , take signal , observe money management = SECRET OF SUCCESSFUL IN TRADING Good Luck Abtin
Long
by Abtin00
ETHUSDT , Its time to be ready for buyingHello everybody According to the chart , you can see the price break the key point level and when the key point broke , the trend will change to the upward and now we should be ready to buy and take long position to the the target that we shown on chart . At first guys check the chart in lower time frame like 15min and 5 min then take signal like hammer or break trend line or ... then take in position until the target reach and dont forget use stop loss guys Good Luck Abtin
Long
by Abtin00
Ethereum- A break under 4300 zone provides bearish confirmationSince the ATH from above 4.8k ten days ago, Ethereum has started a bearish trend, with lower highs and lower lows (A correction in fact to the overall trend) and has dropped to the important 4k zone. The reversal from this low is, in my opinion, just a correction and we can expect a new leg down. At this moment EthUsd is trading just above important confluence support that lies around 4300-4330 zone, and a break here would bring confirmation for my bearish outlook. I expect gains to be well capped before 4.5k and a new drop to 4k zone can follow. I will remain bearish as long as the price is under 4.5k
BITSTAMP:ETHUSDShort
by Mihai_Iacob
23
Ethereum- New leg down on medium term?After reaching a new ATH around 4.9k, Ethereum got tired and started to consolidate in around 5% range. A break of this consolidation and the rising trend line came on Monday, and the price tumbled under 4k important figure Now EthUsd is correcting this drop and a new leg down can follow after this correction. I'm a seller also in Eth case and I will look for opportunities to enter short above 4300 Eth back above 4.5k would change my bearish opinion
COINBASE:ETHUSDShort
by Mihai_Iacob
15
ETHUSDT , Becareful if you are in sell position Hello everybody In here , According to trend we expect that the price can support in first supp and can rise the price If the market cant support the price in first supp it can drop to other support that shown on chart Guys please becareful and dont take any position without taking signal in lower time frame I think everything is shown on chart and there is nothing to explain but if you guys need any help send me messages Previous analysis : Good Luck Abtin
Long
by Abtin00
ETHUSDAs of this writing, ETH/USD has fallen to lows not seen since the 1st of November. However, the drop from nearly 4755.00 via yesterday’s high to this morning’s value of about 4305.00 as of this writing was quick. The price velocity of the plunge will get the attention of speculators, even if they are accustomed to extremely fast conditions and typically do not get nervous. Reasons behind the sudden selloff in the broad cryptocurrency market may have something to do with the massive ‘infrastructure bill’ being signed into law in the States. The legislative bill includes a mandate that would allow the U.S. government to supervise digital assets with greater tax efforts, but this may prove to be noise. The actually reason for the sudden decline in values in ETH/USD and other major cryptos may effectively prove to be a profit-taking mode undertaken by speculators. ETH/USD is currently near the 4300.00 mark and if this vicinity starts to prove is has adequate support below, the notice that the selloff may turn out to be a buying opportunity may entice speculators. Cautious traders should keep their eyes on lower values, if support levels with a deeper reach are tested near the 4200.00 level in the short term, this could set off alarm bells that the decline has further room to explore. While ETH/USD has certainly been within the whirlwind of a substantial bullish run higher, the value of 4235.00 was a fairly solid resting ground when ETH/USD made its high water values in May of 2021. A sustained test of this value downward could spark more speculative sellers who decide to cash out winning positions if they seek to register their profits before they potentially vanish. Speculators need to use their risk-taking tactics astutely today because it appears Ethereum will see a solid amount of volatility in the short term. Bullish speculators who remain optimistic may see the sell off as a technical reaction to recent record highs, and a signal ETH/USD needs to consolidate within a lower value tier near term. However, cautious traders who want to be buyers and wager on upside action to develop are encouraged to keep their eyes on the 4250.00 level, if this fails to hold back a selling tide more bearish activity could ensue. Ethereum Short-Term Outlook Current Resistance: 4421.00 Current Support: 4250.00 High Target: 4574.00 Low Target: 3920.00
BYBIT:ETHUSD.P
by SmoothJB
ETHUSD🔵 CYCLE 🔵 *#RoyalQ* Buy *ETH/USDT* at Current Price: $4,745 Potential Profit Target (PPT) => *Trade settings* First buy: 20 Margin call limit: 7 *NO Dip Calls Multiplier Buy in* 1st call: 2.50% 0.5 times 2nd call: 3.00% 0.5 times 3rd call: 2.70% 1 times 4th call: 3.50% 0.5 times 5th call: 2.50% 1 times 6th Call: 3.70% 1 times 7th Call 2.5% 1 times Total 20.4% $130 Change Mode from Cycle to One-Shot after 5th Call/Profit or when price is near $5,300 or Set profit target at 10% (One-Shot)
COINBASE:ETHUSDLong
by ForexGrandMaster
ETHUSDEthereum fell by 1.14% on Friday. Partially reversing a 1.94% gain from Thursday, Ethereum ended the day at $4,667.34. A mixed start to the day saw Ethereum rise to an early morning intraday high $4,809.27 before hitting reverse. Coming within range of the first major resistance level at $4,811, Ethereum slid to a late afternoon intraday low $4,508.42. Ethereum fell through the first major support level at $4,606 before a partial recovery to end the day at $4,660 levels. At the time of writing, Ethereum was up by 0.70% to $4,700.17. A bullish start to the day saw Ethereum rise from an early morning low $4,667.19 to a high $4,708.60. Ethereum left the major support and resistance levels untested early on. For the day ahead Ethereum would need to avoid the $4,662 pivot to bring the first major resistance level at $4,815 into play. Support from the broader market would be needed, however, for Ethereum to break back through to $4,800 levels. Barring an extended crypto rally, the first major resistance level and Wednesday’s ATH $4,867.81 would likely cap the upside. In the event of a broad-based crypto rally, Ethereum could test resistance at $5,000 levels before any pullback. The second major resistance level sits at $4,963. A fall through the $4,662 pivot would bring the first major support level at $4,514 into play. Barring another extended sell-off, however, Ethereum should steer clear of sub-$4,400 levels. The second major support level sits at $4,361. Looking at the Technical Indicators First Major Support Level: $4,514 Pivot Level: $4,662 First Major Resistance Level: $4,815 23.6% FIB Retracement Level: $3,369 38.2% FIB Retracement Level: $2,740 62% FIB Retracement Level: $1,725
COINBASE:ETHUSD
by SmoothJB