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Ethusdtsignal

Why Ethereum needs to cross $2.5K to turn bullish againEthereum (ETH) plummeted to the January lows over the past few hours. Its descent below $2.9k was followed by a 27.5% drop over the next 12 hours. At press time, ETH has bounced to $2366 from the $2.1k lows, a 12.17% bounce. The smart money that bought close to $20 million when prices were at $2.9k and $3.1k has not been correct this time, smudging a previously perfect track record. The price crash of the past couple of days was brutal. In just the last 24 hours, Ethereum markets saw $346.5 million worth of liquidations. The daily RSI fell to 19, the lowest since 18th August 2023. The daily session has not yet closed, but as things stand, the rally earlier this year has been wholly retraced. The $2.5k-$2.6k zone is likely to serve as resistance on the way upward. The OBV formed a new low to encapsulate the idea of extreme selling volume. The day’s trading volume is 1.55 million ETH and counting, the highest in 2024. While it might be a good reason to buy, more conservative traders and investors would want to see prices reclaim key support zones and stay above them for a few days before they’re confident enough to bid. Market crashes like these are not a good time to be in a leveraged trade, as 270k+ crypto traders found out over the weekend. The Open Interest has fallen from $9.9 billion on the 3rd of August to $7.35 billion at press time. A bounce toward $2.5k was possible, but the New York trading session can see added selling pressure.
by paul_endeo
#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_
Long
by Setupsfx_
Ethereum(ETH) Analysis===>>15 minute time frameEthereum(ETH) has succeeded in breaking the lower line of the Symmetrical Triangle . According to the theory of Elliott waves , Ethereum(ETH) seems to be completing corrective wave s. I expect Ethereum(ETH) to fall at least to the Potential Reversal Zone(PRZ) . Note: An important point you should always remember is capital management and lack of greed. Ethereum Analyze (ETHUSDT), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
9
#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_
Long
by Setupsfx_
11
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_
Long
by Setupsfx_
37
#ETH forming this massive falling wedge!Taking a look at the #Ethereum daily timeframe, we are still potentially forming this massive falling wedge pattern because as of right now, the price has not yet confirmed the break either below the line or above its resistance line. The line of support is sitting at around 2890, so also right around that 2.9K level, which is an important level on the chart, and this resistance is sitting at around 3K, which is the level we need to confirm a breakout above in order to confirm the bullish price target for this pattern. Stay tuned for updates. #cryptocurrency CRYPTOCAP:ETH BINANCE:ETHUSDT
by CRYPTOMOJO_TA
#ETH is holding the price above this 183 days long support!#ETH is currently staying above a support level that has held for 183 days, and the 100-day Simple Moving Average (SMA) is also acting as support. As long as we remain above this support, things look positive for a potential bounce back up in price. However, if the price falls below this level, we may see some corrections. Keep an eye out for further updates. DYOR, NFA #Crypto CRYPTOCAP:ETH BINANCE:ETHUSDT BITSTAMP:ETHUSD
Long
by CRYPTOMOJO_TA
ETHUSDT: 04/04/2024 The recent surge in the cryptocurrency market has resulted in a record high for Crypto, leaving a liquidity gap in its wake. Current price behavior indicates a strong possibility of a significant correction in the near future. Therefore, we have identified two potential entry points for a short position on ETHUSDT. Please monitor the price closely and consider executing a sell trade once it reaches our specified levels. Good luck and trade safely.
Short
by Setupsfx_
12
Ethereum (ETH/USD) Bullish Opportunity following Anti-Gartley Introduction: In this technical analysis report, we will delve into the current market conditions of Ethereum (ETH/USD) and provide insights based on the formation of an Anti-Gartley Harmonic Pattern (XABCD). Our analysis aims to guide traders in making informed decisions regarding entry points, stop-loss levels, and potential profit targets. Pattern Recognition: ETH has exhibited the formation of an Anti-Gartley Harmonic Pattern (XABCD) on its price chart. This pattern suggests a bullish reversal is likely to occur, with point D serving as the anticipated starting point for an upward movement. Key Levels: - Entry: Near 3130 - Stop Loss: Near 2830 Analysis: 1. Entry Point (3130): Traders are advised to consider entry near the price level of 3130. This level aligns with the formation of the Anti-Gartley pattern and represents a strategic entry point for those anticipating a bullish movement. 2. Stop Loss (2830): To manage risk effectively, it is prudent to place a stop loss order near 2830. This level provides a buffer against potential adverse price movements and helps protect capital in the event of a reversal. Profit Targets: - TP-1 (3435): The first profit target is set at 3435. This level represents a significant resistance area where a partial profit-taking strategy may be considered. - TP-2 (3700): The second profit target is identified at 3700, reflecting a higher resistance zone where further profit realization can be anticipated. - TP-3 (3990): The final profit target is positioned at 3990, indicating a potential extended bullish move towards higher price levels. Conclusion: Based on the analysis of the Anti-Gartley Harmonic Pattern (XABCD) formation, Ethereum (ETH/USD) is poised for a bullish trajectory. Traders are advised to consider entry near 3130, with a stop loss at 2830, and profit targets at 3435, 3700, and 3990 respectively. As with any trading strategy, risk management remains paramount, and traders should adjust their positions accordingly based on market dynamics. This analysis serves as a guide for traders seeking to capitalize on the potential bullish movement in Ethereum. It is essential to conduct thorough due diligence and monitor market conditions closely to optimize trading outcomes.
BINANCE:ETHUSDLong
by trading_jupiter