ETHUSD: Is This the Dip to Buy? $4000 Resistance in Focus!!BYBIT:ETHUSDT BINANCE:ETHUSDT has recently bounced off the $3000 support zone after a significant correction from the $4000 resistance. This pullback presents a compelling opportunity for accumulation. Strong volume accompanying the bounce suggests underlying bullish sentiment. While the $4000 level currently acts as a formidable resistance, a decisive break above this mark could trigger a substantial uptrend. As always, prudent risk management is crucial. Implement a strict stop-loss order to mitigate potential losses and protect your capital.
COINBASE:ETHUSDT Currently trading at $3390
Buy level: Above $3100
Stop loss: Below $2750
Target : $6000
Max Leverage 3x
Always keep Stop loss
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Ethusdtidea
ETH poised to break $4000. Here's why:Ethereum (ETH) price is now 19% below its all-time high, with the potential to reach $4,000 for the first time since March 2024. Key metrics, including a rising 7-day MVRV and increased whale accumulation, highlight growing bullish sentiment around ETH.
If ETH breaks through the $4,000 level, it could begin a surge toward its previous high of $4,867, though failure to sustain this rally might result in a retest of key support levels.
Ethereum price current uptrend is shown by its EMA Lines, and if it can break into the $4,000 level, it could start a new surge. Then, it could test its previous all-time high of around $4,800.
Ethereum is showing strong potential to break the $4,000 level, supported by key drivers such as record institutional inflows into Ethereum ETFs, substantial whale accumulation, and heightened interest in staking-enabled ETF products.
At the same time, rising layer 2 transaction volumes and increasing DeFi TVL are setting the stage for Ethereum challenging its old high of $4,867 in the near term.
On the other hand, if the current uptrend isn’t strong enough and the ETH price can’t break or sustain above $4,000, it could test support zones around $3,688, $3,500, and even $3,255.
ETHUSD Intraday (Day Trade) trendforecast for December 5th, 2024ETHUSD intraday or Day Trade trend forecast for December 5th, 2024. The intraday trend may begin with a bearish note and move upward. The day may close on a negative note. The forecast is based on the Timing points extracted from the previous data. The timing stamps used in the forecast are based on India Standard Time (IST).
ETHUSDT Updatethis pair has formed a valid ascending channel so now we're waiting for a candle to close below the last touch of the down trendline of the channel to confirm that the trend of eth has changed from buy to sell so we wait for a retest and rejection of the channel from below so we can enter a sell position
follow us for more update
#ETHUSDT: Three Major Targets Zones, Final Target at $4500
The current price action suggests that the asset is consolidating within a range of $2100 and $2500. This accumulation phase appears to be nearing its conclusion, indicating a potential shift in market sentiment. Based on technical analysis and market observations, we anticipate a strong bullish price distribution that could propel the asset to an all-time high.
A strategic entry point at $2500 presents an opportunity for a significant swing buy trade. This entry level has the potential to drive the price towards its all-time high of $4500. To achieve this target, we have established three key milestones.
The first target is the $3000 region, which we believe is within reach in the near term. The second target is $3800, which may require a longer timeframe due to the distance from the current price and the need for robust fundamental support. Finally, the ultimate target of $4500 is projected to take several months to materialize and may involve temporary corrections along the way.
We extend our best wishes to all investors and traders. Your support through likes and comments on this analysis is greatly appreciated, as it motivates us to continue providing valuable insights and market analysis.
#ETHUSDT: Price went from 2365 to 3000, next target 5000? Dear Traders,
Our previous idea on eth, went well and our previous analysis is going well. Price rejected at 2365 and went on hitting 3000 region. However, the move has not finished yet, there is more possibility now that price will touch the previous record high, and might go beyond that level. Price might make smaller correction to 2600 and then continue the uptrend.
Good Luck.
#ETHUSDT: Ready to Explode, Get Ready For Big MoveDear Traders,
Hope you are doing great, we have an excellent update on ETH, possibility of big move is inevitable. We wanted to make sure that we have right area to buy eth and that is why we were watching the crypto pair since long time now. Now we think there is high possibility of price touching the previous HH on daily and monthly candle. Please be minded that, this is not 100% confirm and instead take this as a possibility.
Ethereum finds strength at key support levelThe ETH/USDT pair is currently in a strong downtrend with bearish indicators and patterns. The key levels to watch are the support around $2,850 and resistance around $3,100 to $3,200 . If the price breaks below the support level with high volume, it could indicate further downside. Conversely, a bounce from the support level could lead to a short-term rally towards the resistance zone.
#ETHUSDT: Swing Move not to Miss! Swing Buy! BINANCE:ETHUSDT
Price fell to $3000 region indicating a strong correction on all crypto pairs. Expect strong bullish volume to emerge within the market. This move can be if it turns out in our favour. Market condition is extremely volatile since last few weeks.
Good Luck and trade safe!
#ETHUSDT: $4500 is the next Target! Upcoming Swing Buy!Dear Traders,
Hope you are doing great, price mitigated earlier than what we had planned, now it currently trading at around the bearish trendline, although, price has rejected twice at the trendline. We still expect price to breakthrough and continue the bullish momentum towards $4500. Many things to notice here if price do not breakthrough and decide to drop further then it will like to drop below previous low which will directly take out the sell side liquidity. We need to monitor the price as it progress, if it does breakthrough the region then we will have a strong chance of buying swing.
Team Setupsfx_
ETHUSDT: Price is rose from $2800 to $3700, Wait for Correction!ETHUSDT, rose from our first entry at 2800$ to $3700, however, price rose rapidly and left gap. Which is why we think price will make strong correction and fill the area. We can expect the strong rebound from our area towards $4700.
**If you like our ideas then please like, comment and follow for more**
Team SetupsFX_
#ETHUSDT: First correction and then targeting $4500! Dear Traders,
Hope you are doing great, our previous analysis on ETH, where we had pointed out of potential reversal in price action. Price had created AB=CD pattern and after completion price moved as we had expected. However, due to extreme bullish buy volume that emerged in the market, price left fair value gap. We anticipating price to drop to the region to fill the area and continue the bullish momentum towards $4450.
**If you like our work please like and comment, follow for more**
Team SetupsFx_
ETHUSDT: $4500 is Next, Get Ready! Dear Traders,
BINANCE:ETHUSDT price completed AB=CD pattern and it is on the course to rebound strongly and take price towards $4500. Price has been ranging since last few weeks, however, price is gathering and accumulating the volume. So it will likely to distribute within the next few weeks. So get ready and use accurate risk management to get the best results.
**Like and comment the idea which will encourage us to bring you more ideas like this, thank you**
Team SetupsFX_