ETHEREUM - Price can reach resistance level in rising channelHi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊
Recently price started to trades inside wedge, where it at once made a downward impulse to support line, breaking $3355 level.
When price reached support line of wedge, ETH bounced up and some time traded near $3000 level, which coincided with support area.
Later Ethereum reached resistance line of wedge again and then made a downward impulse, exiting from this pattern.
Also, price broke $3000 level, but soon turned around and started to grow in the rising channel, where soon broke this level again.
Now, I think Ethereum can bounce up from support line of a channel to $3355 resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
ETHUSDT
Ethereum - Final crash soon! Then new all time high (buy here)Ethereum is preparing for the final crash! 2800 to 2700 is the most important zone you can watch because the price should bounce from it. This is exactly where you want to buy Ethereum for the long term or enter a high-leverage trade. I don't think the price will go lower, prices such as 2500 USD or 2000 USD is no longer realistic and possible. Why do I want to buy Ethereum in this zone?
First of all, we need to do an Elliott Wave technical analysis, which is the most important as it gives us a full map of previous price movements. From my perspective, the price is forming a triple-three corrective pattern (WXYXZ). This is a classic corrective pattern, and we are in the last wave Z. Usually, what you want to do is buy ETH slightly below the previous wave (Y) (liquidity sweep).
What's more, the price is inside this bullish flag / falling wedge pattern. This is another bullish sign for us to buy ETH below the previous wave (Y). Also, we have a long-term trendline from October 2023 with a total of 2 touches, so we also want to buy on the third touch of this upper sloping trendline.
This is a strong combo. We have a strong confluence to buy ETH between 2800 and 2700. Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Trading Signal For Ethereum ( Buy on Resistance Breakout )Trading Setup:
A Trading Signal is seen in the ETHUSDT Ethereum (Futures) (h1)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 2934.0
⭕️SL @ 2848.5
🔵TP1 @ 3145.6
🔵TP2 @ 3364.4
🔵TP3 @ 3729.4
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments .
#ETH forming this massive falling wedge!Taking a look at the #Ethereum daily timeframe, we are still potentially forming this massive falling wedge pattern because as of right now, the price has not yet confirmed the break either below the line or above its resistance line. The line of support is sitting at around 2890, so also right around that 2.9K level, which is an important level on the chart, and this resistance is sitting at around 3K, which is the level we need to confirm a breakout above in order to confirm the bullish price target for this pattern.
Stay tuned for updates.
#cryptocurrency CRYPTOCAP:ETH BINANCE:ETHUSDT
Trading Ideas Results for March-AprilThis year I started sharing my analytical reviews and trading ideas since mid-March. I like using TradingView because here you can't edit or delete a published idea. Everything that has been published can be found and verified, which is not always possible on other platforms, for example, in Telegram channels where the administrator can adjust the statistics.
It's time to summarize the interim results of trading ideas from mid-March to April 30. In this review, I will only consider short-term ideas on the daily and hourly timeframes. Medium-term ideas on the weekly and daily timeframes will be analyzed in a separate review.
There were 4 short-term ideas. All of them are on the chart attached to this post. One for buying and three for selling. The results are also visible on the chart, and they are 100%, all targets were achieved. You can find more details about the ideas by following the links below (see related ideas). But was everything so good? Unfortunately, no, if we look more closely at how the price moved in each idea.
For AVAX, the selling time was chosen perfectly. Without any drawdown (2%), the price reached the target: +29%.
For ETH, I waited for the price to return to the range of 3200-3400 for buying, the drawdown after buying reached up to 3%, and the achieved target was +12%.
For SOL, the idea was to sell, and the drawdown on the trade reached up to half of the target (4%), but then the target was achieved with a gain of +11%.
For ORDI, a less favorable moment was chosen for selling compared to other ideas, resulting in a drawdown of 23%, which is comparable to the achieved final target of +24%.
It is worth noting that ORDI's market capitalization is 15 times smaller than AVAX's. Could this be the difference? What is an acceptable drawdown percentage for you before the idea works out? Share your thoughts in the comments.
By the way, as part of the educational article on March 31, I made a short-term forecast for OPUSDT. Interestingly, it also worked out. Without any drawdown, the target was achieved: +29%.
I will publish the interim results of medium-term ideas in a separate review.
#ETH/USDT Bullish above this MA...#ETHUSDT appears to be forming a bull flag pattern.
A bullish signal will confirm if we see a close above the blue 75 EMA and a breakout from the flag.
Until then, consider this a retest of the dotted trendline.
Let's wait for the weekly candle to close for more clarity, as the 75 EMA has proven quite reliable on the daily chart!
NFA, DYOR!
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ETHERUEM → ETH is ready for an upwardhello everyone...
as you can see the coin hunted from both sides in this situation I am with the first hunted area so I am into the bullish trend for this coin.
on the other hand, the price touched the bottom line of the channel and is starting an upward movement from there and rejected the breaking idea.
___________________________
✓✓✓ always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Sell ETHUSDT Bearish PennantThe ETH/USDT (Ethereum) pair on the M30 timeframe presents a potential shorting opportunity due to the presence of a bearish pennant patten.
Potential Short Trade :
Entry: Consider entering a short position (selling) below the broken support trendline of the pennant after confirmation. Ideally, this would be around 3020 or lower if the price continues to decline.
Target Levels:
2764: This target is achieved by measuring the height of the flagpole (initial downtrend before the pennant) and projecting it downwards from the breakout point.
2692: This is a further extension of the downside target, based on roughly twice the height of the flagpole.
Stop-Loss: Once the entry point is confirmed, place a stop-loss order above the broken support line of the pennant, ideally with some buffer around 3040. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
#US DOLLAR ANALYSIS BY CRYPTOSANDERS !!#US Dollar Analysis:
The US dollar surged after breaking out of the symmetrical triangle pattern. Currently, it's encountering resistance at a horizontal level. RSI signals overbought conditions.
A rejection seems probable, but a decisive breakout above resistance would confirm bullish sentiment. Remember, it often moves inversely to the crypto market.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my profit and losses. So, do your research before investing in this trade.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
📉🔍 ETH Trading Analysis 🔍📈Market Observation:
Yesterday's significant dip brought many altcoins, including ETH, into their support zones.
Trade Setup:
Entry: Long spot position between $2,850 - $3,050.
Take Profit: $3,400 - $3,700 or $4,100 - $4,350.
Stop Loss: Just below $2,800.
Risk Management:
Implement a stop loss just below $2,800 to mitigate potential losses.
📈💡 Trade Strategy Rationale:
Anticipate a bullish move in ETH from the support zone, targeting potential profit levels as indicated.
📊🔄 Stay updated on market conditions for trade adjustments! #ETHTrading #CryptoAnalysis 🌐🚀
Ethereum can correct to support level and then continue riseHello traders, I want share with you my opinion about Ethereum. By observing the chart, we can see that the price rebounded from the resistance level, which coincided with the seller zone and declined to the mirror line, where it at once turned around and in a short time rose higher to the 3530 level with the seller zone, thereby breaking them. But soon, ETH declined lower this level this mirror line, breaking them again and fell a little lower, after which in a short time rose to 3270 points. Then price turned around and made a strong impulse down to the support level, which coincided with the buyer zone, thereby breaking the mirror line with the 3530 resistance level one more time. As well then, the price started to trades inside the range, where ETH rebounded from the support level and tried to rise, but at once made a correction. Then price in a short time rose to the top part of the range, after which rebounded down to the buyer zone, which recently turned around and started to rise. So, at the moment, I think Ethereum can make small correction to support the level and then continue to rise. For this case, I set my target at the 3200 level inside range. Please share this idea with your friends and click Boost 🚀
Hong Kong ETF, Ethereum Analysis, EIP 3074🟣 Today, let's delve into the latest developments in the Ethereum BINANCE:ETHUSDT market landscape.
Here's what you need to know:
Ethereum's Price Analysis: Ethereum has been in decline since mid-March, with its price developing a Downward Channel pattern. Consolidation periods compressed in Rising Wedges within this pattern suggest a continuation setup that might trigger more selloffs in the coming week. Our analyst eyeing the $2675 support level, where the next bottoming phase could occur, driven by bullish expectations for the broader crypto market.
Hong Kong ETF Debut: The launch of spot Bitcoin and Ethereum exchange-traded funds (ETFs) in Hong Kong garnered attention, but initial trading volumes fell short of expectations compared to the United States. While the debut of these ETFs represents a significant milestone for the crypto market in Hong Kong, challenges remain in matching the trading volumes witnessed in other jurisdictions. Despite the subdued start, investor interest in crypto ETFs remains a key area to watch, reflecting evolving market dynamics and regulatory considerations.
Ethereum Improvement Proposal (EIP) 3074: Ethereum's recent developers call highlighted discussions around EIP 3074, a proposal aimed at enhancing crypto wallets' functionality. This proposal enables regular wallets to function like smart contracts, potentially reducing transaction costs for users. However, developers remain divided on its implementation, citing concerns about complexity and security risks. As discussions progress, the impact of EIP 3074 on Ethereum's ecosystem and price trajectory should be closely monitored by investors.
Stay tuned for further updates and insights
ETH/USDT SHORT TERM BOUNCE EXPECTED!!Hello everyone! If you enjoy this content, please consider giving it a like and following for more updates.
Welcome to your ETH/USDT Quick Update!
Ethereum is currently trading around $3k level. The price is holding good support here and expecting a bounce from here up to the $3300 level.
Invalidation of this bullish scenario is if the price closes below the $2900 level.
Share your views in the comment section.
Thank You!
I
ETHUSDT: Targeting $2500| SetupsFX_|Dear Traders,
Price have rejected earlier than we analysed in our last idea on ETHUSDT, however, the bias remain the same. We are still looking at the area of $2600 and if is possible then we can also target the lowest which will be $2400. The price have shown us a strong bearish momentum, and due to that reason only, we believe price is continue to drop in upcoming time.
Good luck and trade safe.
BTC is dragging down, what's next for ETHHello everyone, let's look at the 4H ETH to USDT chart as we can see that the price is moving in a downtrend channel where we could see a bottom breakout from the local uptrend channel.
And here the decline itself after leaving the rising channel, reached the 0.318FIB level at the price of $3020, which has just been broken, then there is strong support around $2805, then $2657, and then right at the lower border of the downtrend channel the support level of $2475 .
Looking the other way, when the price starts to change the direction of movement, resistance is visible at the level of $3160, then the levels of $3270, $3356, $3468 are important, which is already above the upper limit of the downward trend channel, thanks to which the price will be able to increase to the area $3,770.
Looking at the RSI indicator, you can see how energy is being collected and here we are approaching the lower limit, which can affect the trend and reverse it, also the STOCH indicator shows how the energy in the downward movement is exhausted, which may result in maintaining the price or an attempt to change the trend when BTC maintains the price .
Apr.23-Apr.29(ETH)Weekly market recapThe main narrative in the crypto market will focus on ETH next.
One aspect is the approval of the ETH ETF. It can be seen from the current schedule given by the SEC that the earliest deadline for ETH ETF is May 23, while for BlackRock, the deadline for ETH ETF will not be until the third quarter. Compared with BTC, ETH is more difficult to pass based on its POS and staking model. And judging from the SEC’s recent public statements and sending Wells Notice to Uniswap, they do not want to simply approve the ETH ETF. However, we believe BlackRock’s application is still more likely to be approved.
On the other hand is the LRT track. Eigenlayer recently announced its airdrop plan for May. As we all know, after EigenLayer launched restaking, a large amount of funds entered the LRT sector to obtain potential airdrops. However, when EL is airdropped, funds may quickly take a position, forming selling pressure on ETH.
ETH performed stronger than BTC last week, but did not break above 3300. During the past week’s rally, ETH’s trading volume has been below its average. Judging from the WTA indicator, the rebound is not supported by whales. And the ME indicator, which represents a bullish trend, continues to narrow.
To sum up, we believe that ETH is still in the process of a large-scale correction. It is likely to remain fluctuation over the coming week. We retain the original resistance level 3700 and support level 2800.
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.
$W long ideas Trading during the accumulation phase in the Wyckoff method involves identifying potential accumulation zones and entering positions based on signs of accumulation by smart money. Here's a basic guide on how to trade during this phase:
1. **Understand Accumulation Phase**: In the Wyckoff method, accumulation is the phase where smart money (large institutional investors) starts accumulating shares while prices are low. This phase typically occurs after a prolonged downtrend.
2. **Identify Accumulation Zones**: Look for areas on the price chart where the price is range-bound or shows signs of consolidation after a downtrend. These zones often exhibit decreased volatility and relatively low trading volumes.
3. **Analyze Volume**: Pay close attention to volume patterns within the accumulation zone. Look for decreasing volume during the downward move and increasing volume as the price starts to stabilize or move sideways. This suggests that smart money is accumulating shares.
4. **Study Price Action**: Analyze price action within the accumulation zone. Look for signs of absorption where the price remains stable despite selling pressure. Higher lows and lower highs can indicate that buying pressure is building up.
5. **Confirm with Indicators**: Use technical indicators like moving averages, relative strength index (RSI), or accumulation/distribution indicators to confirm the strength of accumulation. These indicators can provide additional insight into the underlying buying pressure.
6. **Wait for Confirmation**: Wait for confirmation before entering a trade. Look for a breakout above the accumulation zone accompanied by a surge in volume. This confirms that the accumulation phase is ending and an uptrend may begin.
7. **Set Stop Losses**: Place stop-loss orders below the accumulation zone to manage risk. If the price breaks below the accumulation zone, it could indicate a false breakout or a continuation of the downtrend.
8. **Monitor the Trade**: Once you enter a trade, monitor it closely for signs of continued accumulation or distribution. Adjust your position or take profits accordingly based on changing market conditions.
9. **Consider Multiple Timeframes**: Analyze multiple timeframes to get a clearer picture of the overall market trend and the strength of accumulation. Higher timeframes can help confirm the validity of accumulation patterns observed on shorter timeframes.
10. **Practice Patience and Discipline**: Trading during the accumulation phase requires patience and discipline. It's essential to wait for clear signals and confirmation before entering a trade, and to stick to your trading plan once you're in a position.
Remember that trading involves risks, and it's important to conduct thorough research and practice risk management to improve your chances of success. Additionally, studying historical Wyckoff accumulation patterns and observing real-time market behavior can help refine your trading skills over time.
HelenP. I Ethereum can make small move up and then fall to $3065Hi folks today I'm prepared for you Ethereum analytics. If we look at the chart, we can see how the price recently traded between the support level, which coincided with the support zone, and later broke this level and declined to the trend line. After this movement, ETH rebounded from the trend line and made impulse up higher than the 3065 level, breaking it one more time and starting to trades in consolidation, where Ethereum in a short time rose to the resistance level, which coincided with the resistance level. Then price rebounded from this level and declined to the trend line, and even later declined lower this line to the support level, but at once rebounded and made a strong impulse up to the 3290 resistance level and broke it. After this ETH a little rose, after which turned around and in a short time declined below the 3290 level, breaking it one more time. A not long time ago Ethereum fell to the trend line and broke it too. So, now, ETH trades near the trend line and I expect that the price will continue to decline to the 3065 support level, but firstly it makes a little move up. That's why my target is its support level. If you like my analytics you may support me with your like/comment ❤️
Ethereum (ETH) WEEKLY CHART UPDATE!!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis everyone, what are your thoughts on the chart? Please share your comments regarding the ETH weekly update.
Ethereum's downtrend seems to be tapering off as the price stabilizes above crucial support, resulting in a 2% weekly price increase.
Currently, ETH is trading within a range bound by $2,900 support and $3,370 resistance. Extended consolidation in this range could lead to a more impactful breakout.
Looking ahead, ETH recently experienced a bullish crossover on the daily MACD, potentially instilling optimism and reasserting bullish sentiment. Confirmation of a bullish bias requires breaching the $3,370 resistance level.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.