ETHEREUM - IF BITCOIN FALLS, ETHEREUM WILL FOLLOW (TARGET $1900)As you might have noticed, the crypto market isn't doing so well (depending on which side of the table you're on) and the continuation of the correction is imminent. I've recently posted a Bitcoin analysis and I thought it would bring some value to do the same on ETH.
Here is my view on things:
What is on the chart? (Follow the steps)
1) November 2023 is illustrated by a large breakout structure that gave place to the continuation of the rally.
2) Following the breakout, a range was formed mirroring BTC. This range had everyone on their toes, impatient for a huge price swing upwards. This obviously never happened.
3) The manipulative false break. I'd like to put an accent on the Power of 3 . It is essential price action theory that is elegant in its simplicity and accurate in its delivery. Step 2, 3 and 6 (spoiler alert lol) represent the 3 components of the Power of 3: accumulation, manipulation and distribution (respectively).
4) Some Ichimoku Kinko Hyo technicals to spice things up. We have a break of the daily Kijun and Tenkan + a crossover of the Kijun/Tenkan + a Kumo twist + a break and RETEST of the weekly Tenkan + the daily Chickou Span below past price. How many bearish signals/confirmations do you need!? I think that's enough.
5) Key breaking point (obviously what matters is Bitcoin, if BTC doesn't break, ETH won't either). I expect price to enter the daily FVG and then tumble. Again if BTC tumbles now then ETH might not even touch the FVG. I'd also like to mention a chart pattern that will satisfy the retail sphere since everyone likes patterns, right? ASCENDING BROADENING WEGDE or RISING WIDENING WEDGE or whatever else people call it nowadays. This is a bearish structure regardless of its name.
6) EQUILIBRIUM . Fancy way of saying the 0.5 level of the range. This is the entrance to discounted prices which is what we're looking for with any major correction.
7) The 0.702 level + a daily bullish order block which will also mean the sellside liquidity is taken out. All reversal conditions that characterise a bottom.
As always, I hope you enjoyed this analysis and that money will fall from the sky. Have a great day and happy trading!! ;)
Ethusdtlong
📊#ETH potential smiley face structure deserves attention👀🧠Although there is a double top bearish structure here, from a larger cycle perspective, we are still in a bullish trend, so the decline here may not be extended.
➡️From the 3h level, we are likely to form a smiling face bullish structure in the buying zone. At the same time, we have broken through the downward trend line, and the probability of rebounding from here is very high.📈
➡️For spot trading, if you do not hold ETH, you can consider buying some here and just stay patient.☕️🙏🎯
🤜If you like my analysis, please like 💖and share it💬
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Ethereum Analysis and Strategies for Altcoin Investors"Ethereum Analysis:
In terms of the overall outlook, there are indications that suggest a potential cause for concern regarding short-term performance in altcoins.
To assess the current situation, it's crucial to keep an eye on the 50-day Moving Average (MA) on the daily chart. Despite the need for caution, Ethereum is presently trading above this MA. This suggests the possibility of a reentry opportunity if the MA holds as a deviation.
Over the past few months, altcoins have witnessed a substantial rally. In light of this, it might be prudent to consider taking some profits off the table. Holding these profits in Bitcoin (BTC) and USDT could offer a more stable position amidst potential market fluctuations.
However, it's essential to emphasize that this analysis is not financial advice. It's crucial for investors to conduct their own research (DYOR) and make informed decisions based on their individual risk tolerance and market understanding.
ETH/USDT Long SetupETH/USDT
Entry: 2100-2134
Take Profit: 2300-2350
Stop Loss: 2019
Risk to reward: 1:2
Technical Thesis:
We observe a local support for Ethereum at $2,210 and a significant support area at $2,134. The price is anticipated to undergo testing at these levels shortly, making $2,134 an attractive buying opportunity for ETH.
"Ethereum Technical Analysis: Potential Bullish Breakout from FEthereum update
Ethereum is currently trending within a rising channel, as shown in the chart. It has formed a falling wedge pattern, similar to one it made a few weeks ago, and bounced by approximately 19% according to the pattern.
If Ethereum breaks out of this wedge, it is likely to bounce by almost 19% again. However, if it breaks out of the rising channel, the chart will be invalidated.
In the event that Ethereum does break out of the wedge, it would be a good opportunity to open a long position.
Stay tuned; I will keep updating
#ETHUSDT LONG#ETH
Since the beginning of December, Ethereum has been moving well, breaking the patterns it created
On a 4-hour frame, breaking the downward trend of corrections
We now have a break in the downtrend for correction and the beginning of an expected rise
Current price 2300
Expected target 2437
This rise is supported by bullish momentum
And strong support areas
ETHUSDT: 2600$ is our next target! Dear Traders,
In our previous two chart analysis we had clearly mentioned that price will touch the $2450 range before it drops and price did exactly that now we are eyeing at $2600 price region. Price currently moving strange, better to wait until we see some stable price movement.
Any questions please comment down.
ETHUSDT: 2450$ next possible target! Hey everyone,
Hope you are doing great, we have an update on ethusdt, price currently in ab=cd pattern in making, we are expecting a strong bullish impulse to occur within this week. Need some bullish price momentum to give enough boost to the price to attract buyers.
Like and comment if you agree with our idea!
ETHUSDT: 2450$ is still possible! Dear Traders,
Ethusdt still has potential of hitting $2450 price region, currently price has break -through the consolidated area and then price distributed successfully. Yesterday and today price did not move much due to public holidays and major markets are closed. We expect price to distribute successfully tomorrow.
Good luck and trade safe!
Eth Is Strong Here ETH/USDT is showing promising signs. It looks like it's gearing up for a bullish move, and I anticipate the price to increase by 15-30% in the coming days. However, it's important to note that this is not financial advice, so please do your own research (DYOR) before making any decisions.
#ETH is about to make a massive 20% move!ETH is poised to make a move to $2700, representing almost a 21% increase from the current market price (CMP). The breakout from the wedge is clean, and there's a perfect retest happening as we speak. This anticipated movement is expected to trigger significant gains in other altcoins. Some of our gem coins have already started moving, with a few experiencing gains ranging from 50% to 100%!
For those interested in futures trading, you can use this chart with the right stop-loss (SL) in place.
Trade Details:
Entry Range: $2166 to $2255
Target Levels: $2377, $2433, $2544, $2634, $2712
Stop Loss: $2098
It's crucial to use a stop loss, especially in the current high market conditions. Failing to do so might result in giving back hard-earned gains to the market.
Cheers!
If you're interested in more updates, feel free to hit the like button and share your views in the comment section.
Thank you.
#PEACE
*Note: This information is not financial advice. Please conduct your research.*
#ETHUSDT: Next target 2800$ Happy Weekends Everyone,
BINANCE:ETHUSDT we have got two scenarios with this crypto pair first one is where price continue the bullish trend up to $2800 and the second scenario where we expect price to drop around $2100 region where we can price yet to fill the liquidity void area. However, looking at the current market sentiment we do not think that price can drop to that area as sellers volume is very low at the moment.
Good luck and trade safe ;)
ETH Collected. Hahaha JP MORGANThe disbelief effect applies.
I Restocked My Stocks. Greetings to all friends.
Stop-loss- 2830$
Ethereum Very Very Bearish - hahahaha :)
Hedge Fund Manager. Signed.
We priced in the pain. and we bought it.
We are Gold warriors. We only hurt the Market when we are sure. When we are sure, we give life water.
Not investment idea.
My last word is Ethereum,
We know who we are fighting. And you ?
ETH unlikely to dip below $2,000 ETHUSDT Technical Analysis Update:
There are two potential scenarios for a rebound.
Scenario 1: The previous resistance level at $2,140 could now act as crucial support for ETH, potentially triggering a bounce from this level.
Scenario 2: At the $2,000 level, two historical resistances could act as support for ETH. Additionally, the $2,000 level carries psychological significance as support for ETH.
If Ethereum (ETH) price reaches the $2,000 level, the 100-day Exponential Moving Average (EMA) could act as a potential support in the day chart.
Ethereum price may consolidate above the $2,000 support level for a month before the upward move.
I believe the ETH price is unlikely to fall below $2,000
🗺️Ethereum Roadmap🗺️⏰(15-minute time frame)⏰✅It seems that Ethereum managed to break the Important Resistance line .
⚔️At the moment, Ethereum is attacking the 🔴 Heavy Resistance zone($2,540-$2,300) 🔴.
🌊According to Elliott's wave theory, Ethereum completes a main wave 5 .
🎯Main wave 5 is likely to be completed in my Target .
Ethereum Analyze ( ETHUSDT), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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