ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the ETH 1-day update.
the price has been rallying after rebounding from the 2,200 support level a month ago. Both the 2,400 and 2,700 resistance levels have been broken with ease, and the price has also pushed above the large ascending channel. The 3,000 resistance level is currently being tested, and the market is failing to climb higher. ETH’s price might decline toward the 2,700 level in case a correction occurs before breaking higher.
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ETHUSDT
Ethereum- Important bullish breaks, but...My recent target of 3k for BITSTAMP:ETHUSD was not only reached but surpassed. However, more importantly, Ethereum managed to break above important levels in achieving this feat. The previous recent high at 2700 was breached, as well as the resistance of the ascending channel initiated back in June 2022. All of these are strong bullish signs.
However, as in the case of BITSTAMP:BTCUSD , the recent upward move is overextended, and a correction seems highly probable at this moment.
This normal correction could lead to a price drop to the 2700-2750 support level.
However, if bulls are unable to maintain this zone intact, the situation becomes gloomy. These two false upward breaks could potentially reverse the price even down to 2200.
In conclusion, a correction to 2700 is something normal and should not come as a surprise. However, a break below this level poses problems for bulls.
ETH : Ethereum an Good positinAccording to the chart, Ethereum is placed under a strong resistance in the 3- and 4-hour timeframe.
Considering the above and price divergence and RSI indicator, we can hope for the drawn position
This is not a buy or sell recommendation
Check with your technical analysis knowledge
Good luck and profitable
ETH- Gann Angle ConvergenceETH is above the convergence of two Gann angles.
The first angle (in red) is pulled from the bull market high to the bear market low. This angle is resistance.
The second angle is from the previous bear market low to the previous bull market high. This angle is support or resistance, depending on whether the price is above or below the angle.
A convergence of two angles is a strong S/R level. ETH is above the angle convergence, but it needs to solidify its hold. Currently, it looks like it could lose this level, the same as Bitcoin.
However, if it does manage to flip this level to support, the next target is at around 4.5K. Not immediately, but it will become a tangible target.
What do you think?
Best Wishes
BELUSDT IDEAUPDATE
Breaking Symmetrical Triangle in Weekly Time frame
Successful Breakout can send it between 1.3- 1.4$.
COIN DETAILS
The live price of Bella Protocol is $ 0.695047 per (BEL / USD) with a current market cap of $ 45.18M USD. 24-hour trading volume is $ 7.22M USD. BEL to USD price is updated in real-time.
Ethereum Ready to Fall [-15%]🏃♂️ Ethereum has been moving in an Ascending Channel for over a year .
🏃♂️At the moment, Ethereum is moving near the 🔴 Heavy Resistance zone($3,580_$2,960) 🔴 and the upper line of the ascending channel , which we can see the reaction to this zone well in the daily candle .
💡Also, between two consecutive peaks, the Regular Divergence(RD-) between Volume and Price is clearly visible.
💡Since the Market Cap USDT Dominance% (USDT.D%) is moving in the 🟢 Heavy Support zone(5.35%-4.90%) 🟢 and has shown a good reaction to the Support lines and there is a Regular Divergence(RD-) between two successive valleys , it is expected that the USDT.D% will increase at least up to the Resistance line , which can help to correction on most of the tokens .
🔔I expect Ethereum to decrease at least to the Uptrend line and if this line breaks, it can also fall to the 🟢 Heavy Support zone($2,160_$1,720) 🟢, otherwise it will attack the 🔴 Heavy Resistance zone($3,580_$2,960) 🔴 again.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Ethereum Analyze ( ETHUSDT), Daily time frame ⏰.
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Ethereum ⇒ is going to touch at least 3k!hello guys...
I believe this coin wanna start another upward movement for these reasons:
1- broke out the ascending channel
2- made a three drives pattern and touched the line of this pattern
3- formed a divergence and did a correction related to the divergence
4- the price hasn't engulfed the flip area yet.
so we can expect if the price doesn't break down the flip area, to touch the 3k level at least!
______________________
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ETH - last wave up, then a 16% crash!Technical analysis
Ethereum is bullish, but do not be too much excited about it. Buying at the current price is simply not worth is as per my technical analysis. We can see that the price of ETH created 2 unfilled Fair value GAPS below the current price. Usually these gaps tend to be filled sooner or later. Wait for the uptrend to end and then take a fibonacci retracement tool and look for the 0.618 level. From the Elliott Wave perspective it looks like a wave 5 can be in progress, but we do not want to long waves (5) as often there is only a liquidity sweep above the previous wave (3) and then a massive crash follows. Daily RSI overbought region, weekly RSI overbought region.
Let me know what you think about my analysis, 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.
ETH/USDT 4HInterval Chart ReviewA quick look at ETH to USDT on the 4-hour time frame. As you can see, the price is moving above the local uptrend line.
After unfolding the Trend based fib extension grid, you can see that the price is struggling with the resistance of $2,995, and then there is significant resistance at $3,168.
Looking the other way, you can see the support zone from $2,887 to $2,854, and then support at $2,763.
The RSI indicator shows that corrections give room for stronger price rebounds, while the STOCH indicator again approached the upper limit, which slows down the growth.
BTC.D : ALT SEASON = Dominance Hi Guys ,
Bitcoin dominance chart shows that it has been in an ascending channel for a long time and after hitting the ceiling of the channel, it is now ready to fall with the change of structure. We can expect a good altcoin season.
SecondChanceCrypto
⏰ 19/FEB /24
⛔️DYOR
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 comments.
MTLUSDT IDEAUPDATE
Formation of Symmetrical triangle in Weekly time frame.
Breakout can follow the arrow in due time.
COIN DETAILS
The live price of Metal DAO is $ 1.651985 per (MTL / USD) with a current market cap of $ 110.00M USD. 24-hour trading volume is $ 7.93M USD. MTL to USD price is updated in real-time. Metal DAO is +2.55% in the last 24 hours with a circulating supply of 66.59M.
Feb.13-Feb.19(ETH)Weekly market recapThe market started a new round of rise after digesting the reduction of GBTC holdings. Even after the release of less-than-expected U.S. CPI data for January, the market only called back slightly and continued to maintain a strong upward trend.
Although the max drawdown of BTC in this bull market has always remained at 25%, which is much lower than the level of the previous bull market, it can be seen from such as Glassnode that the 'sell-the-news' correction after the ETFs launched has resulted in a healthy reset of several metrics. The STH supply in profit fell from its peak at ~100%, to retest its all-time-average of 57.5%. Risks have been released, and the continued increase in stablecoin supply has provided support for the rise.
ETH surged during the Lunar New Year, surpassing 2900. Although BTC has begun to fluctuate, ETH continues to rise with no signs of a correction. There is a possibility of compensatory for ETH. ETH's decline will be greater than that of BTC in 2022. Based on the increase of BTC, the relative valuation of ETH should be at 3500. Of course, this is only a relative valuation. After all, ETH has performed worse than BTC during most of this bullish trend. It is also possible that the popularity of restaking protocols such as Eigenlayer has driven the purchasing power of ETH, resulting in ETH's strong performance.
Judging from the indicators, as the price gets higher and higher, the participation of whales and trading volume decrease, which is very similar to BTC. Holders have a cautious attitude. The ME indicator continues to maintain a bullish trend and the wavy area expands.
To sum up, we believe that the rise of ETH is likely to continue. We raise the resistance level to 3300 and the support level to 2700.
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/USDT Long#ETH
The price moves in bullish waves on a 1-day frame
We now have an upward trend in blue that we rely on, and it has been touched
We have a strong support area in green at the 2150 level
We have buying momentum on the MACD indicator
With stability above the moving average of 100
Entry price 2265
First target 2486
Second goal 2767
The third goal is 2993
ETH/USDT 1HInterval Chart Hello everyone, I invite you to review the ETH pair to USDT chart, also on a one-hour time frame. First, using the yellow line, we will determine the downward trend line from which the price moved sideways and then started a strong upward trend.
Let's now move on to laying out the trend based fib extension grid to determine resistance locations. However, here we can see how the price broke out from a strong resistance and then positively tested it, creating this resistance as the main support, while now we can see an upward movement towards the next strong resistance at $3,052.
Looking the other way, we can see confirmation of the previously mentioned support that the price has created, but further we need to define the support zone from $2,615 to $2,523, where we could see the price bounce several times, once from the upper and once from the lower border.
The RSI indicator shows a movement at the upper limit, but here we see a visible rebound which quickly results in an even greater price increase. The STOCH indicator similarly shows a movement approaching the upper limit, which may again result in an attempt to recover.
USDT.D 3D : Most Important chart in CRYPTOMARKETHi Guys Hope you well.
Well, we all know that this chart is against the market trend and from this chart you can observe the whole crypto market. We have reached an important range where we can see the market move in a range for some time, but take a look at the low time for trading in crypto.
SecondChanceCrypto
⏰ 19/FEB /24
⛔️DYOR
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 comments.
ETHEREUM - Price can reach resistance line and then start fallHi guys, this is my overview for EHTUSDT, feel free to check it and write your feedback in comments. Some days ago price traded near support level, which coincided with support area, and then made upward impulse to resistance line. Reaching this line, ETH declined to support area, where soon bounced up, making fake breakout of $2210 Then price rose to resistance line, broke it, and entered to rising channel, where ETH rose to $2585 level. In a short time later, price broke this level, which coincided with support area and continued to grow to resistance line of channel. After reaching this line, price made little correction and now Ethereum continues to move up inside rising channel. Possibly, price can grow to resistance line of channel, after which bounce down to $2740 level. If this post is useful to you, you can support me with like/boost and advice in comments.
Ascending Triangle Points to Bullish ContinuationIntro
BINANCE:BTCUSDT gearing up for a significant move today, and I'm here to break down the potential price action. Over the weekend, BTC moved interestingly, closing the CME gap and aligning with the CME's close price as we stepped into Monday. With this setup, we're eyeing an imminent breakout.
Weekend Wrap-up and the CME Gap:
The weekend saw Bitcoin hovering below the CME gap, but as predicted, it pulled back to around the $52,160 mark by Monday. This retest sets us up for the next leg.
Ascending Triangle Formation:
On the charts, Bitcoin is carving out an ascending triangle, a classic continuation pattern hinting at a bullish outcome. Given the trend's bullish nature, I'm eyeing an upward move, with immediate targets set around $54,000. Should a bearish scenario unfold, which seems less likely now, support at $50,000 will be crucial.
ETF Flows and Market Reaction:
The Bitcoin ETF market dynamics play a pivotal role. Although ETF flow data is typically available the next day, I'll be the first to update on Twitter. These inflows can trigger the breakout, so stay tuned.
Liquidation Heatmap Update:
A staggering $1.2 billion in Bitcoin short positions has accumulated above the current price level. A break above $53,000 could trigger a massive squeeze, potentially propelling BTC towards and beyond $54,000.
Funding Rates and Market Sentiment:
High funding rates indicate a market leaning towards long positions, a sign of bullish sentiment. Though it also suggests caution as markets could be getting overextended. But in bull markets, this is common.
Technical Milestones:
Bitcoin's weekly close has confirmed above the critical 0.618 Fibonacci level, a bullish signal historically leading to robust bull markets. The next resistance to watch is between $57.5k to $58,000, my target for the next potential pullback.
Ethereum's Outlook and the Upcoming ETF:
COINBASE:ETHUSD is also worth your attention as its Spot ETF looms, set to debut in about 95 days. With a lower market cap than Bitcoin, inflows could have a more pronounced impact, making ETH a compelling trade in the coming months.
Remember, whether you're trading on the spot or futures, stay updated, and don't overextend your positions. Bitcoin is showing all the signs of a bull run, but as always, the markets can surprise us.