HelenP. I Ethereum can make little correction and continue growHi folks today I'm prepared for you Ethereum analytics. If we look at the chart, we can see how the price a not long time ago declined to the support zone, which coincided with the support level, but at once rebounded and started to move up. In a short time ETH rose to a resistance level, which coincided with the resistance zone, and when it reached this level, the price made little correlation and soon backed up to this level. After this movement, Ethereum fell to the support zone, but later price turned around and made a strong impulse up to the trend line, thereby breaking the 2430 level. Later price made a correction from the trend line to the resistance zone, after which the price rose back to this line. But soon, ETH rebounded from this line again and made impulse down to the 2165 support level, breaking the resistance level. A not long time ETH bounced from this level and rose to the trend line, and soon broke it. Now it trades near this line and I expect that the price will decline than trend line, after which ETH turn around and continue to grow. For this case, I set my target at the 2375 level. If you like my analytics you may support me with your like/comment ❤️
ETHUSDT
ETH going to show more Leg?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
#Eth update 🧵
Rejected off channel TTT,
came down to the level identified months ago, with a reaction.
#Elliottwave looking like OMLD.
Degree questions.
A sweep of Liq would be ideal, then a reclaim.
Cheers
Ethereum in the 4-hour time frame Ethereum in the 4-hour time frame
According to the chart, the support floor in the range of 2122 to 2147 dollars has worked well and currently, according to the upward trend of the RSI indicator, we can hope for the growth of the price up to the 200-day simple moving average line.
Good luck.
Ethereum in 4 hour time frameEthereum in 4 hour time frame
According to the chart, we can see the beautiful reaction of the price to the 200-day simple moving average line. If the current candle closes in the same way and below the 200-day moving line, we can hope for the proposed position.
This purchase offer and. or not for sale.
Please check according to your own analysis.
Good luck.
ETH ANALYSIS🔮 #ETH Analysis 🚀🚀
💲💲 #ETH is trading in a Rising Broadening Wedge Pattern. #ETH has seen some fluctuations recently between $2,100 and $2,400, with a current price around $2,300🔍
While there was a 12% dip over the past week, remains cautiously optimistic about price going forward based on the potential for an Ethereum ETF.
💸Current Price -- $2300
📈Target Price -- $2900
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#ETH #Cryptocurrency #DYOR
ETH When will the Ethereum selloff end??I've previously mentioned in an ETH trading idea that the Bitcoin ETF approval would be a 'buy the rumor, sell the news' event for Ethereum as well:
Now we observe a continuation pattern with bearish Elliot Wave price targets.
Elliott Wave Theory is a technical analysis approach that attempts to identify and predict market trends by recognizing recurring wave patterns in financial markets. Developed by Ralph Nelson Elliott in the 1930s, the theory is based on the idea that market movements follow a series of repeating patterns and cycles.
Elliott Wave theory often incorporates Fibonacci retracement and extension levels to identify potential reversal or continuation points within the wave patterns.
In this case Elliott Wave`s price target for ETH is about $2330.
ETH Getting close to key levelRed box is the key level for ETH. It's a huge resistance on H4 tf, and we can see a possible fakout before retracing till actuals lows. In case ETH will be strong enough to break above the resistance zone, it could jump and enter the green zone, where i expect a touch of the main trendline
Trend switching----ETHDue to the approval of BTC ETF and the impact of the reduction of GBTC holdings, the market began to FUD, and BTC and ETH experienced a correction that lasted for several days. But looking at the overall situation of the BEC ETF, it has maintained a net inflow from its inception to the present. We believe that the reduction of GBTC holdings is mainly due to position adjustment based on fees and profit-taking with premium arbitrageurs.
We have previously introduced the application of indicators during rises and fluctuations, and we also look for opportunities in high-volatility alt-coins. However, in our community, more followers are paying attention to BTC and ETH, and also mentioned some views on ETH ETF. Today we return to the most basic token, ETH.
As we all know, ETH has experienced two trends, up and down, in half a month. Let's take a look at the 4h level first. This time the TSB indicator is used. In our previous articles we highlighted the use of the TSB indicator for opening and holding. For closing, if you hold a long position but the TSB indicator prompts a SELL signal, then this means that you need to perform a bearish operation, that is, close the long position, or open an additional short position.
As marked in the figure, the TSB indicator prompted BUY on January 10, and after meeting a specific algorithm, it prompted SELL on January 19. And you only need to open a long position on January 10th, and then remember our position rules until January 19th to close the long position and open a short position, and then continue to hold.
The same is true at the 1h level. To be wordy, during the position holding process, you may see a bullish strengthening or V-reversal, but as we mentioned in the previous article, don’t be afraid and continue to hold until the BUY signal appears.
Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
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 4HIntervalHello everyone, please look at the ETH chart on a four-hour time frame. As you can see, the price remains below the local downtrend line.
After unfolding the Fib Retracement grid, you can see how the support at $2,212 held the price, and then there is strong support at $2,074.
Looking the other way, we have significant resistance at $2,375, followed by a strong zone from $2,599 to $2,715.
The RSI indicator shows a fight against the downward trend line, while the STOCH indicator still has room to try to raise the price.
After long correction, ETH can bounce of support level to 2345 Hello traders, I want share with you my opinion about Ethereum. Observing the chart, we can see that the price some days ago started to trades inside the range, where it first made a correction to the 2185 support level, which coincided with the buyer zone. After this movement, ETH bounced from this level and rose to the top part of the range, which coincided with the resistance level, but some time later it rebounded and made a correction back to the 2185 support level. Ethereum some time traded near this level and then made a strong upward impulse to 2718 points, thereby breaking the 2425 resistance level and exiting from the range. After this price started to decline in a triangle, where ETH in a short time declined to this level, which coincided with the seller zone. Later price one more time broke this level, thereby exiting from triangle too and decline to support level, and a not long time ago Ethereum bounced and start to move up. In my mind, ETH can make correction to support level again and then continue to grow, therefore I set up my target at the 2345 level. Please share this idea with your friends and click Boost 🚀
BITCOIN - BOOM! Caught The Top! ✅There we have it folks! Another top caught perfectly!
In our last few analysis, we mentioned that we were in a 535 zigzag and we're approaching a reversal point. We hit the ascending channel perfectly before reversing.
Those that were following our analysis closely would have caught it. Well done!
We'll be holding our shorts and actively managing our positions as we move lower. There will be quite a few safe entry opportunities on the way down so we'll update once we see it.
Again, well done to those that caught the top from our previous analysis!
Goodluck and as always, trade safe!
See our previous analysis below:
What is the next move of Ethereum?Looks like our big diametric E wave is over.
We have a bearish CH on the chart and Ethereum is willing to reverse IFC's moves.
Ethereum can then drop to the green box. Note that even this green box may be broken. We need confirmation and a strong trigger to buy again
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Jan.16-Jan.22(ETH)Weekly market recapBTC ETF traded for 8 days. Except for GBTC, the remaining 10 BTC ETFs are experiencing capital inflows. Most of the funds flowing out of GBTC have flowed into lower-fee BTC ETFs. But for the market, although the long-term bullish trend has not been destroyed, Sell the news has brought about a clear correction. Crypto markets entered a callback period.
The next important event is the arrival of the BTC halving, and the Federal Reserve begin to change their monetary policy. The former will be in April, and the latter will appear as soon as the FOMC in March or May based on the current interest rate market. Until then, the market will pay for the excessive pricing of BTC ETFs.
After reaching equilibrium at the ETH/BTC exchange rate, ETH lost power again. ETH has performed worse than BTC over the last week, with bulls barely able to rally at all. You seem to see a man walking to the edge of a cliff and jumping off. After Monday’s decline, ETH is back in the range that started in December.
From an indicator point of view, the purple wavy area of the ME indicator narrows. Although the bullish trend is maintained, the strength of the bears has increased. The WTA indicator is the same as BTC. The whales has stopped profiting after the approval of the BTC ETF, and the recent decline may be more caused by retail investors.
To sum up, ETH may continue to fall this week. But compared to BTC, ETH is already in the previous zone, so there is little room for continued decline.
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 4HInterval I invite you to review the chart of ETH in pair with USDT, taking into account the four-hour interval. We will start by identifying the upward trend line from which the price broke lower and created a local downtrend channel, from which the price also broke lower.
By looking at the current price decline using the Fib Retracement tool, we will check the current supports that we should take into account. And here you can see that the price is approaching the support level of $2,319, then we have visible support at $2,209, and then it is worth marking strong support at $2,073.
At this point, it is worth turning on the EMA Cross 10 and 30 indicator, which confirms the moment of transition into a local downtrend. However, when we turn on ema cross 50 and 200, we can see that despite the current correction, we are still in a strong upward trend.
Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here we have the first resistance at the price of $2,491, then we can see strong resistance that twice rejected the price at $2,578. And then there is a strong resistance zone from $2,640 to $2,717, which has kept the price from making more gains.
Please look at the RSI indicator, you can see here that we are approaching the lower limit, which may stop the current trend, the situation is similar with the STOCH indicator, which is based on the lower limit of the range.
ETHEREUM - Price can exit from wedge pattern and grow to $2500Hi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to rising channel, where it first declined to $2170 support level, which coincided with support area.
Also, ETH even declined to support area, after which it at once rebounded and rose until to resistance line of channel.
Then price made a correction to $2170 support level, exiting from channel, and then ETH made upward impulse to $2550 level.
Price broke this level, which coincided with resistance area, and later entered to wedge, where in a short time price fell below $2550
At the moment, Ethereum trades near support line of wedge and I think it can bounce up from this line to $2500, exiting from wedge pattern.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
ETH - TRIO RETEST 3️⃣Dear TradingView community and fellow traders,
I find the daily chart for ETH to be interesting as it appears to be forming one of my favorite patterns. What I call TRIO RETEST
Here is why the purple circle is a strong zone to keep an eye on:
1 => Overall Trend
ETH is bullish medium-term trading inside the rising broadening wedge in blue and now approaching the lower blue bound / trendline acting as a non-horizontal support.
2 => Demand Zone
The green zone at 2250.0 is a strong demand.
3 => Oversold Zone
ETH is bearish short-term trading inside the falling channel in red and now approaching the lower red trendline which I consider an oversold zone.
As per my trading style:
As ETH approaches the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break, and so on...)
📚 Hope you find this post useful. It's important to always adhere to your trading plan, including entry points, risk management strategies, and trade management techniques.
All Strategies Are Good; If Managed Properly!
~Richard
Disclaimer: The information provided is for educational and informational purposes only and should not be considered as financial advice. It is important to do your own research and make informed decisions before entering any trades. Past performance is not indicative of future results. Always be aware of the potential for losses, and never risk more than you can afford to lose.
ETH/USDT 4HOUR UPDAT BY CRYPTOSANDERS !!Hello friends, welcome to this ETH update from Crypto Sanders.
Chart Analysis:- The cryptocurrency has been forming a falling wedge pattern since failing to break the 2,700 resistance zone.
A bullish breakout from the wedge could result in a retest of the 2,700 level, while a breakdown would be disastrous, as the price could drop to the 2,400 level in no time.
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.
ETHEREUM: SEC Delays Decision on ETF:Navigating the Regulatory..SEC Delays Decision on Ethereum ETF: Navigating the Regulatory Landscape
In the ever-evolving landscape of the cryptocurrency market, regulatory battles have become a recurrent theme. Following the hard-fought victory for a spot Bitcoin ETF, hopes were high that Ethereum and other assets would benefit from a regulatory precedent. However, the Securities and Exchange Commission (SEC) has thrown a curveball by rejecting a spot Ethereum ETF application, signaling an ongoing struggle for approval in the crypto space.
Technical Analysis:
Examining Ethereum's recent performance, the past week saw a dip on January 18, followed by a recovery in value. Presently trading at around $2475, Ethereum sits within a bullish pattern inside a main bullish channel. Notably, the price touched the 50% Fibonacci level without retesting the $2400 area. The current support area suggests a potential continuation in the coming days. However, the SEC's recent filing rejecting Fidelity's spot Ethereum ETF application could influence Ethereum's price dynamics.
SEC Rejection and Future Prospects:
The SEC's rejection, revealed well before the January 21 deadline, marks a setback for those anticipating a smoother regulatory journey for Ethereum post the successful Bitcoin ETF precedent. Despite this, there's a glimmer of hope that the SEC may exercise caution this time, considering its legal entanglements from the previous year, notably the Grayscale lawsuit against the regulator.
Multiple Players in the Ethereum ETF Arena:
The Ethereum ETF pursuit is not a solitary venture. Seven major asset management firms, including BlackRock, ARK & 21Shares, and Grayscale, are vying for SEC approval. Grayscale, instrumental in realizing the Bitcoin ETF, aims to convert the Grayscale Ethereum Trust (ETHE) into a spot ETF. The collective effort from these significant players underscores the industry's determination to bring Ethereum ETFs to fruition.
The Grayscale Influence:
Grayscale's involvement is pivotal. Having successfully paved the way for a Bitcoin ETF, the firm's role adds weight to the optimism surrounding Ethereum ETFs. The industry keenly watches Grayscale's approach to regulatory hurdles, acknowledging its potential to shape outcomes given its experience and influence.
Conclusion:
As Ethereum navigates another regulatory challenge, the crypto community eagerly awaits the SEC's final decision. While the rejection poses a setback, the involvement of influential applicants and the potential legal considerations on the SEC's part suggest that this may not be the end of the road. The coming months will be crucial for Ethereum ETFs, with the industry closely monitoring developments in its quest to break new ground in the regulatory arena.