ETH/USDT Short SetupEthereum is showing signs of reaching a local resistance level after a strong upward push. Given the market structure and recent rejection near the resistance zone, a potential short opportunity is developing.
Entry: Around the current resistance at 2,700 USDT
Stop Loss: Set slightly above the recent highs at 2,800 USDT to minimize risk
Take Profit Zone: Looking for a pullback to the trendline support around 2,500 USDT
Analysis:
ETH has faced challenges in breaking above this level consistently, indicating a possible temporary top in this range. The recent volatility suggests that a correction could be on the horizon as traders lock in profits. The broader trend still holds bullish potential, so this is a cautious short position for a quick gain rather than a long-term reversal bet.
Remember, this market moves quickly, so stay alert for any rapid changes. Manage your risk, and trade wisely!
DYOR as always.
ETHUSDT
ETHUSDT Bullish Move Expected from Major Support LevelsETHUSDT Technical analysis update
ETH is trading at a key support trendline, where it has been consolidating for the past 90 days. The 100-day and 200-day EMAs are acting as strong support levels on the weekly chart, further reinforcing this area as a significant foundation for price stability. Additionally, a previous resistance level has now turned into a strong support, strengthening the likelihood of an upward move. Given these indicators, a bullish move could be anticipated from the current levels if buying pressure increases.
ETH/USDT points highlighted. Ethereum is trading within a descending channel, shown in yellow. Currently, it is near the lower boundary, which has provided support in the past.
The green highlighted area around $2,300 acts as a strong support area. Ethereum is approaching this level, which could potentially trigger a bounce if buyers step in.
The green projected line suggests a potential rebound from the support area, aiming for a potential upside move toward $2,800 and beyond if momentum builds.
The chart includes moving averages that could act as additional resistance points in case of a bounce.
Ethereum fails to hold the $2,300 support, there could be further declines towards lower levels in the channel.
This chart suggests monitoring the $2,300 support area closely, as it could determine whether ETH begins a recovery or continues its downward trend.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
The point of interest is whether it can escape the box section
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(USDT.D 1M chart)
I think that in order for the coin market to start a bull market, it must fall below 4.97 and be maintained or show a downward trend.
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(BTC.D 1M chart)
At this time, in order for the altcoin bull market to start, I think that BTC dominance must fall below 55.01 and be maintained or show a downward trend.
If BTC dominance rises, it means that funds are concentrated towards BTC, so most altcoins are likely to gradually move sideways or show a downward trend.
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(ETHUSDT 1D chart)
For that reason alone, the rise of ETH is significant.
Since all coins (tokens) other than BTC can be classified as altcoins, the rise of ETH, which ranks second in market cap after BTC, can be considered the prelude to the altcoin bull market.
Therefore, if it rises from the current box range (2273.58-2706.15), I think it is highly likely that the altcoin bull market will begin.
-
Have a good time.
Thank you.
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- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points.
We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
-----------------
BTC weekly data is shifting. MASSIVE UPSIDE is waiting now! BUY!BTC has corrected healthily to -20% from its peak after reaching its parabolic ATH highs of 73k.
Now the mother of all of coins is showing some strength again. Weekly data metrics is shifting now and buyers are back again, positioning aggressively for the next RUN-UP to ATH and beyond.
From our weekly chart diagram above, you can observe that the black bear cells has faded and the white dot (longs) has literally escaped the shorts prison cell (black cell). This signal has never missed since the 15k BTC season. The batting average of this one playing out again is very very high.
This week is the best time to SEED. Get them all planted now. BTC is already up by 10% after that quick bounce from the strong major order support at 57k area. Signs of what's coming next after this week.
Spotted at 60k area.
TAYOR.
Oct.29-Nov.04(ETH)Weekly market recapLast Friday, the non-farm payroll data fell significantly short of expectations, leading to a substantial increase in interest rate cut anticipations. The price of ETH surged before retreating, with the majority of traders attributing the disappointing data to the impact of the hurricane, as the market response was less than favorable.
Currently, the differing expectations regarding monetary policy and future inflation between the two candidates in the U.S. election make the election outcome pivotal for the mid-term trajectory of BTC, while also impacting the price of ETH. Should Trump be elected, the promised favorable policies may come to fruition, increasing the likelihood of institutional investments in BTC, thereby enhancing its fundamentals as digital gold. Conversely, if Harris takes office, the SEC is expected to maintain its stringent stance on cryptocurrency regulations.
Last week, ETH experienced an initial rise followed by a decline, but the overall fluctuations were minimal, remaining within a consolidation range without any significant trend. The WTA indicator showed blue bars representing whales, which disappeared after Saturday, indicating a withdrawal of substantial capital. The ME indicator continues to reflect a bearish trend.
In summary, we anticipate that ETH may continue to oscillate this week. We maintain our previous resistance level at 2800 and support level at 2200.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
ETH Price Holds Steady at Key Support LevelETHUSDT Technical analysis update
ETH price has been trading within a triangle pattern for the past 85 days, with multiple touches on both the resistance and support lines. A breakout is likely soon. If the price breaks above the resistance line, a strong bullish move could follow. However, if it breaks below the support, the price may drop to the $1,800 - $2,000 range.
ETH price has formed a triangle pattern at a strong 2-year support line.
In weekly charts 100 and 200 EMA acts as a strong support for ETH.
Currently, the ETH price is trading at a strong support level, indicated by multiple technical indicators. We can expect a bounce from this level after a few days of consolidation
Regards
Hexa
ETHUSDT: Bearish Momentum Signals Further DeclineETHUSDT is showing clear bearish momentum on the 4-hour chart, with prices trading around $2,422. The downtrend is supported by the price consistently staying below the 34 and 89 EMAs, indicating strong selling pressure.
The purple resistance zone around $2,490 has held firm, preventing any upward movement. As shown in the chart, ETH appears poised for further declines if it continues to respect this resistance level. Potential targets for the downside are near $2,360 and $2,280, aligning with recent lows.
Traders might consider shorting opportunities if ETH remains below the resistance, with stop-losses set above the $2,490 level. Keep an eye on market sentiment and technical indicators to confirm the bearish outlook.
ETHUSDT Price Analysis November 5, 2024Ethereum (ETH) recently experienced a bearish breakout below the main trendline on the 4-hour chart, signaling potential downside momentum in the near term. Currently, ETHUSDT is trading around 2.421, with both the 34 EMA and 89 EMA acting as resistance above, reinforcing the bearish outlook.
What do you think about this analysis? Do you see Ethereum recovering or is it likely to continue falling?
ETH Bouncing Off Key Support – Rally on the Horizon?Hey everyone!
If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates!
Welcome to this quick ETH update.
ETH is forming a descending triangle like structure in the daily time frame and currently holding the lower trend line of the triangle. It is holding the trend line and bouncing very well so far.
As long as, ETH is holding the trend line we can expect a good rally from here.
What’s your take on ETH’s current price action? Are you spotting this bullish setup too? Share your analysis in the comments, and let’s ride this wave together!
ETH/USD Potential Rebound from Bullish Trendline, Target $6,000This analysis focuses on COINBASE:ETHUSD price movement in the daily chart, highlighting a strong bullish trendline pattern. Currently, Ethereum's price is forming higher lows, indicating strength in the ongoing upward trend. The price is approaching the trendline, signaling a potential rebound that opens up bullish opportunities.
If the price successfully bounces off the trendline, the profit target is set at the psychological level in the range of $3,500 to $6,000. However, if the price breaks below the trendline, this bullish signal will be considered invalid. The stop loss is placed at the psychological level of $2,200 or if the price breaks below the trendline.
ETHUSDT: Next Strong Support at $2,100ETHUSDT Technical analysis update
ETH has been trading within a triangle pattern for the past 90 days, with the price repeatedly testing the triangle’s support line. If the price breaks below this support, a rapid drop to the $2,100 level could occur before any potential rebound. On the weekly chart, the 100 EMA is acting as a support level for the current triangle pattern.
ETH Awaits Breakout at $2,456 Level ETHUSDT is currently hovering around the $2,456 mark, consolidating within a wedge pattern on the 1D chart.
As for the trend, ETHUSDT appears poised for a breakout, with potential downside movement as signals from the 34 and 89 EMA are aligning in favor of the bears.
Wishing you smooth and successful trading!
The point to watch is whether it can rise to around 2555.69
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-------------------------------------
(ETHUSDT 1D chart)
I told you that in order to get out of the current box range (2273.58-2706.15), the price should be maintained above 2419.83.
However, it is currently touching around 2419.83 and rising.
Accordingly, I think the upward momentum may be weak.
Therefore, I think it is better to wait until we see support near 2555.69.
Currently, the M-Signal indicator on the 1M chart has fallen below 2666.70 and is passing around 2555.69.
Accordingly, I think it is not too late to buy after confirming that the price is maintained above the M-Signal indicator on the 1M chart.
If it rises above the upper point of the box section, 2706.15, I think it is highly likely that it will show a sharp upward trend.
Therefore, it is recommended to buy below 2706.15.
Once the rise begins, it is expected to rise to around 3265.0-3321.30.
-
Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale upward trend will begin after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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Ethereum's Potential Drop: Key Zones to Watch for Reversalhello guys.
Trendline Break: Ethereum has broken below a significant ascending trendline, signaling potential bearish momentum.
Engulfing Pattern: The price shows a bearish engulfing pattern after breaking the trendline, indicating further downside could be ahead.
Next Target Zone: Price action suggests that Ethereum could target the next support area around $2,300, which aligns with the 0.66 Fibonacci retracement level, as shown in the purple zone.
RSI Divergence: Previous highs displayed a bearish divergence on the RSI, reinforcing the bearish sentiment after the recent top.
Bearish Continuation: A retest of the broken trendline near $2,410–$2,450 is possible, but a failure to reclaim it could lead to further downside.
ETH to $25K - No Joke - BUY & HODLEthereum is at levels not seen since the Crypto Stone Age.
The Crypto Markets will start BOOMING!
ETH ( ETHUSD , ETHUSDT , ETHEUR ) is getting ready to go Bullish.
When? Early '23.
The Fibonacci Time Zones and Cycles tell me that the 3rd Fibonacci Summation is NOW.
So, I reckon Cryptos are getting ready for something BIG.
I do see a last drop before that though.
From Jan '18 until Dec '18 ETH had a whooping 94% crash.
We're only at 82% from Nov '21 top. So I am waiting with buying interest for a much better level.
I am buying big dips, adding value.
If you look at the Ellipse, Ethereum is doing the same pattern it did on the previous Bear Market.
Hmmm...
I've decided on my best BUY level: $550 .
Technical Analysis:
* Elliott Wave A-B-C Pattern
* Jan '18 - Dec '18 Fractal Sequence
* 88.6% Fibonacci Retracement
* Harmonic Pattern: Bullish Cypher
* Fibonacci Extensions Confluence
* Bullish Divergence
* Demand Zone
What more do you need?
Oh yeah, a much better price. :D
We went to the Moon, now let's go to Mars!
ETHEREUM - Time to buy again!The BINANCE:ETHUSDT is in a ascending triangle now which means the price will increase and also It is expected that the price would at least grow as good as the measured price movement(AB=CD). also a bullish Hidden Divergence (HD+) on MACD which shows Positive Signs for ETH.
Note: we should wait for the breaking of the triangle and than make a move, If the triangle breaks, we expect a new ATH to occur, but in new year.
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Ethereum New Update (Road Map)According to the data we have from various indexes, such as Tether's dominance or Bitcoin, it seems that the most likely scenario for Ethereum is a large diametric.
The red range is a strong supply that is expected to be unreactive when the price reaches it.
We are looking for sell/short positions in the red range.
Closing a daily candle below the invaliation level will violate this analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
For altcoins to follow the rise of BTC, ETH needs to rise
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If you "Follow", you can always get new information quickly.
Please also click "Boost".
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-------------------------------------
(BTC.D 1M chart)
In order for altcoins to show an upward trend, BTC dominance must be in a downward trend.
Otherwise, altcoins are likely to fail to follow the movement of BTC and gradually move sideways or show a downward trend.
You should not judge the market movement solely based on the rise or fall of BTC dominance.
At least you should look at it together with the USDT dominance chart.
You can tell to some extent whether the coin market price is rising or falling by looking at whether USDT dominance is falling or rising.
To summarize the above,
- BTC dominance rises: Funds are concentrated toward BTC
- BTC dominance falls: Funds are concentrated toward altcoins
- USDT dominance rises: Coin market is likely to show a downward trend
- USDT dominance falls: Coin market is likely to show an upward trend
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(ETHUSDT 1D chart)
In any case, ETH is the coin with the largest market cap among non-BTC coins.
Therefore, it is likely that BTC dominance will show a downward trend only when ETH starts to rise.
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Currently, ETH is stuck in the box range (2273.58-2706.15).
The M-Signal indicator on the 1M, 1W chart is showing a convergence as it passes near the 2666.70-2706.15 section.
Therefore, if the price rises above the 2666.70-2706.15 section and maintains, ETH is expected to form an upward trend.
Therefore, whether it can break through the 2666.70-2706.15 section upward is the key.
-
If the price maintains above 2706.15, it is expected to rise to around 3265.0-3321.30 and determine the trend again.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points.
We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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ETH ANALYSIS🔮 #ETH Analysis 🚀🚀
💲💲 #ETH is trading in a Descending Broadening Wedge Pattern. And the price pullbacks from support zone.
There is an instant resistance area and if it sustain here then we will see a bullish move
💸Current Price -- $2678
📈Target Price -- $3310
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#ETH #Cryptocurrency #DYOR