Get started

Ethusdtlong

📊ETHEREUM -🌀Last 'Hopium' in such bloody crypto market❗❕❓Hello to all crypto community and tradingviewers, this is the 'MA' again , aka smart trader ! Today I'm gonna have a deep dive in to ethereum , but Before jumping in to the analysis , lets see what the 'Hopium' means ?! "Hopium . Portmanteau of “hope” and “opium” which is a common word in crypto traders community is the “under the influence” like state traders feel sometimes while traders waiting for their tokens to raise in price. This word is especially used when the feelings of the traders is based on pure speculation and not actual fundamentals." After a few days when the FTX exchange collapsed and was completely broken, this fear quickly appeared in the entire crypto market that the crypto space is completely destroyed! Of course, we have the right because it was a big exchange! I personally predicted that the centralized exchanges will disappear one day, maybe even big Binance after FTX! Because they are still centralized entities , which completely contradicts the decentralized nature of crypto! especially when decentralized exchanges become more advanced secure and safe against hacks! I may have discussed this topic more in another post! ✅Today I wanna first have an on-chain analysis for ETH ! 🌐According to cryptoquant data: ETH Netflow to exchanges (Before and after ETH Merge ) Before ETH Merge event we saw a significant amount outflow of ETH from exchange but , As the Merge update went into effect, a record amount of ETH flowed onto exchanges. According to data from cryptoquant , we havnt seen this amount of NETflow since February 2019, 3.5 years ago. 🔷Interpretation(By value itself): The difference between coins flowing into and out of the exchange. (Inflow - Outflow = Netflow) 🔹Positive value indicates reserve in increasing >>> Increase of outflow from exchanges is mostly a Bullish sign 🔹For spot exchange, high value indicates increasing selling pressure.>>> Increase of inflow to exchanges is mostly a Bearish sign 🔹For derivative exchange, high value indicates possible high volatility and helps predict market trend 🌐According to glassnode data: 📈 #Ethereum $ETH Amount of Supply Last Active 1y-2y (1d MA >>The amount of circulating supply last moved between 1 year and 2 years ago.) just reached an ATH of 35,209,635.097 ETH ETH reached its bottom , after Previous ATH in 2018-2019 . this chart indicate that bottom is near ! 📉 #Ethereum $ETH Balance on Exchanges just reached a 4-year low of 19,948,243.206 ETH IMO, ETH owners aim to hold and accumulate their ETH assets as a long term investment rather than trade them in exchanges , basically a bullish sign but historically the ETH chart price show we almost had at least 6M delay between price reaction to this indices! 🔰while fundamentalists still believe in a bullish rally in the next couple of months ahead (for 2023), but some technicalists are not optimistic for that(at least until 2024) and still awaiting for more decline interested to discover a lower bottom for ETH 📊My Technical POV: As you can see in the weekly timeframe chart, Ethereum has been decreasing in a strong downward wedge, exactly similar to the pattern we saw for Bitcoin in the previous analysis. Which in turn is a very bullish pattern in the long term. Ethereum has continued to decline after a rise by reacting to the VWAP line, and so far it has performed according to my analysis and expectations! In the recent crash, the market has fallen below the resistance and pivot area with strong selling pressure, and the market bears are still more powerful than bulls. And in the short term, we can expect a rejection and a decline to the $1000 lvl , by hitting the higher resistance areas! If this level($1000) is lost in the medium or long term, it will scoot down to the lower support around $600 through the VOLUME GAP (777-888) , and in the worst case scenario, it will touch the Demand territory ($400), which in this case , we have to wait Until 2024 ,to see a strong rise from the bottom to higher goals! (Also, if the price action works according to the scenario of the fundamentalists, it should be able to start an upward trend around the beginning of 2023 by breaking the pivot and resistance areas, as well as the downward trend lines. but In this case, I still expect a rejection in the supply area of ​​the price.) It should be noted that as we know, crypto is a crazy space , and It is not necessary that it must follow my prediction because as we know the market is a possibility and the market goes its own way; But it will definitely react to the key zones and the VWAP line! although higher time frames need more time to reach price targets; however I still believe in Huge Targets for ETH (2025-2026) ✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE! -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion ,not a financial advice ,so do your own research. 💚 if you're fan of my analyses please follow me , drop a comment 🗯 and Boost me 🚀🚀
by PRO_SMART_Trader
4
ETHUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart.(update) We got another complication of the correction, but I'm still positive and expect an increase from the current price or through one more slight decline in the $1050-1000 zone. Target zone: 2200 - 2500 Stop: im w/o stop(depending of ur risk). but setup will invalidated at 850$ ALWAYS follow ur RM/MM. Risk/Reward: 1 to 5 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
Long
by trytofeelpositive
10
ETHUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart.(update) Nothing has changed from my last idea, everything is relevant. Idk, with the update of the local peak, or without the update, I drew 2 possible scenarios because there is a possibility that the first wave of growth has already been formed and we can start correcting now, in any case, regardless of the local scenario, the targets above are relevant. Im in pos from 1290. Target zone: 2200 - 2500 Stop: im w/o stop(depending of ur risk). ALWAYS follow ur RM . Risk/Reward: 1 to 4 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
Long
by trytofeelpositive
10
Ethereum- False break of support and reversal?After a rise towards 1700 resistance at the beginning of the month, Ethereum has also dropped hard like all the crypto market and took a dive under the 1200-1250 important zone. However, this drop was quickly reversed yesterday to put the coin back above support. At this moment there is a high chance that the drop was a false break and a reversal to the upside could follow. Clarification for a sustained up trend comes once Eth breaks back above 1400 and a break under 1k zone would negate this scenario. 2k can be the target for medium-term bulls.
BITSTAMP:ETHUSDLong
by Mihai_Iacob
8
ETH Long Scalp Intraday Countertrend SetupDaily Bias: Bearish Key Elements and Plot in the Setup: Asian Range Implementation (I did not catch that Short as it did not occur inside the Time of Day I prefer to enter the markets) Anything unexpected could happen, higher chances of being the liquidity. HTF Price Range Arrays Fibonacci Retracement to Discount Area in confluence to an existing HTF Price Range Array of Value (GAP in this scenario) Targets: Simple the most recent high as above it is the midpoint of the Asian Range where it left without confirmation or retest. After taking out liquidity in the HTF and LTF, found a Long Scalp Setup to enter. Time of Day: London and NY Overlap
COINBASE:ETHUSDLong
by bl4ckoffee
1
📈✌ETH 30Min Long Position: Risky✌📉BINANCE:ETHUSDT COINBASE:ETHUSD Hi traders, first take a look at my previous analysis and positions. between now and the determined level, you can open long position in one or two steps. 🐱‍🏍 If the price rises and reaches the TP1 level, you can risk-free the position. TP1-2-3-4-5-6 are on the chart. The optimum stop-loss is below the determined levels. Please share ideas and leave a comment, let me know what's your idea. CrazyS✌
Long
by CrazyS
4
#ETHUSDT bullish breakout Channel Trade setup: Following a bullish breakout of Channel Down pattern, price rallied to $1,700, which is a stiff resistance area as it also lines up with 200-day moving average (SMA200). Wait for price to 1) break above $1,700, or 2) pull back near $1,500 support for a swing entry. If it’s able to break above $1,700, price could revisit $2K. Short- and Medium-term trends have inflected bullish as well. Breaking above $1,700 would also make a Higher High (above the swing high in mid-september), which would also confirm Uptrend. (set a price alert). Pattern: Price was trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend: Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. OBV (On Balance Volume): is rising, indicating that volume on Up days is greater than volume on Down days. Hence, demand (buyers) exceeds supply (sellers). Support and Resistance: Nearest Support Zone is $1,500 (previous resistance), then $1,250. The nearest Resistance Zone is $1,700, then $2,000.
by Cryptbergofficial
1
ETH is possibly going for a retest of $1500 and $1400We gave you the targets for ETHEREUM in our last post. After hitting our first target it seems like ETH is getting weak & RSI needs a retest we might see ETH going back for a pullback towards $1500 or possibly $1400 region. Ethereum also recently broke our of downtrend and we have a huge gap at $1400 area that needs to be filled before more upside. If you are looking for longs I would advice you to wait for a decent pullback towards the last breakout zone & then go long. All the important levels are marked on the chart. Enjoy Trading. (press like 👍 if you enjoy + comment your opinion about the market or your thoughts, below this analysis)
Long
by TychonTrades
2