New power is rising Its victory is at hand/ETHUSD with 7 chartsETHUSD Major weekly charts
You see the technical levels. We are above the trend midline and this zone is a strong support.
In the back we have mayer multiple bands and gaussin channel in colour.
Analysis plain and simple. now only patience.
Significant volume increases in the bottom zone point to a trend reversal.
Media Attention: Starts ✔
Ethereum ETF: ✔
BTC Halving: ✔
FED Interest rate cut: On the road ✔
Global Adapt: On the road ✔
Lets look at other charts =)
🔽🔽🔽🔽🔽🔽🔽
1-ETHUSD
2-ETHUSD
3-ETHUSD
4-ETHUSD
5-ETHUSD/M1 Money Supply
6-ETHUSD/M2 Money Supply
BONUS CONTENT: ETHUSD/NVDA
J-ETH
Ethereum- Nice bullish chart structure indicates 5kLike BITSTAMP:BTCUSD and much of the crypto market, COINBASE:ETHUSD is also in a strong uptrend.
A correction began in March and concluded at the beginning of May.
After breaking out of the corrective falling wedge, the price rose again to the 4k zone, with a high likelihood of breaking above this important level at this moment
If this occurs, I expect Ethereum to reach a new all-time high around 5k or even higher.
I remain bullish as long as the price stays above 3.5k.
ETHBTC Analysis: Bullish Momentum and Potential Corrections#personaloutlook #marketupdate
#cryptoweeklyupdate on 27/05/2024
#sekilascrypto #ETHBTC
As I mentioned last week, we have successfully broken through the yellow area at 0.4883212 - 0.05036641, indicating that ETH is starting to strengthen against BTC. So, what's next for ETHBTC?
Currently, it remains quite strong and bullish, but as we can see, the Stoch RSI is already entering the overbought area, which could potentially lead to a correction. On the daily timeframe, there is still a chance to reclaim up to 0.06047006 and then drop back as a correction to the current area around 0.05677990. However, overall, there is a big possibility it will move to the green zone in the area of 0.06554863 - 0.06813071.
ETHBTC - Maintaining Bull Trend Line (non log) ETHBTC is still acting bullishly on timeframes such as the weekly, shown by this trend line
This leads me to believe that ETHBTC will continue this bullish trend.
As a result ETH's value compared to bitcoin will increase. This would be an ideal scenario in a large altcoin bull market.
ETHUSD - Continuation of the Bull RunAssuming the bull run continues a large W pattern can be created on an angle with the dotted yellow line being the middle of this large structure.
Date ranges are very similar from the start of the bear market in each scenario to the end of the bull run.
There is still bull moves to come in this market.
eth → a little bit downward and the an upward movementhello guys...
Ethereum has formed a knife-down pattern so we can anticipate a downward movement toward 2942$ level.
but as I published before the main trend is bullish in the ethusdt coin.
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✓✓✓ always do your research.
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AAVE Re-Accumulation & New 5 Wave ImpulseAave has a textbook re-accumulation as well as a complete 5 wave structure with ABC correction. We are currently starting a new 5 wave impulsive structure, which should continue upwards. Some likely targets are the 1.382 and 1.618 that I have marked on the chart, and beyond
Ethereum Price Yet to React to ETF ApprovalEthereum ETFs were approved partly due to Bitwise's correlation analysis, which has led to analysts expecting spot ETH ETFs to disappoint due to key metrics. The SEC approved 19b-4 spot ETH ETF filings on Thursday due to the high correlation between spot CRYPTOCAP:ETH price and CME Ethereum futures prices, similar to that of Bitcoin. This conclusion was reached through Bitwise's correlation analysis filed with its spot ETH ETF.
Bitwise is publishing a new correlation analysis as part of its new spot Ethereum ETF filing, which is the first ETH correlation analysis to replicate the specific methodology used by the SEC in their evaluation of bitcoin. The SEC's pace and breadth of first comments on S-1 filings are key to watch as they are the next key steps before a spot ETH ETF launch.
Scott Johnsson, a general partner at Van Buren Capital, mentioned that the SEC's pace and breadth of first comments on S-1 filings are key to watch as they are the next key steps before a spot ETH ETF launch. Eric Balchunas speculated that the SEC's comments may come in four to six weeks.
Crypto researcher Noelle Acheson suggests that spot ETH ETFs will meet a disappointing reception when they launch, as the CME's low interest in ETH derivatives — ranking fifth — suggests spot ETH ETFs may not be attractive. He also pointed to ETH accounting for only 15% of the total assets under management (AUM) of Hong Kong's spot crypto ETFs.
Technical Outlook
Ethereum ( CRYPTOCAP:ETH ) is currently trading around $3,740 after moving below the $3,730 price level. If a further decline occurs, the next level to watch out for is the $3,605 support. While prices have yet to react to the 19b-4 spot ETH ETF filings approval, the market may be awaiting the final approval of S-1 applications and the official launch before taking action. CRYPTOCAP:ETH has a positive Relative Strength Index (RSI) of 68.32 which is poise for further gains. CRYPTOCAP:ETH 's daily price chart correlates that of CRYPTOCAP:BTC with both assets depicting a bullish flag pattern in the near to long term respectively.
WHY This is ALTSEASON ?? 💥💯 Cycyle 3: Rising of the Altcoins !WHY This is ALTEASON ??
Cycle 3 // Bullrun 3 💥💯
Lets see on Total2 Marketcap
Look closer..
Volume: ✅
Significant volume increases in the bottom zone point to a trend reversal.
Gaussian Channel: ✅ (green)
as with other trend reversals, the channel changed from red to green
Level2: Bullish Area ✅
See on chart
Media Attention: Starts ✅
Ethereum ETF: On the road ✔
BTC Halving: On the road ✔
FED Interest rate cut: On the road ✔
Global Adapt: On the road ✔
...these are the known ones
I would like to approach the subject from different angles.
NVIDIA ? hmm.. Why Nvidia ?
>>Now I will show you the comparison of major altcoin charts with nvidia. this will mean a lot to us.
ETHUSD/NVIDIA
This is Real, Details on the chart.
XRPUSD/NVIDIA
>This chart shows us XRP times
TOTAL2/NVIDIA
> Lets see buy zones
AND JUST NVIDIA
Total2 is now on a bullish eve.
You see the technical levels. We are above the trend midline and this zone is a strong support.
In the back we have mayer multiple bands and gaussin channel in colour.
Analysis plain and simple. now only patience.
If Ethereum Can't Break These Levels, Then....Traders,
I have a pretty good record for calling these inverse head and shoulders patterns before they are fully formed. I am not saying for sure Ethereum will form this inverse head and shoulders pattern but if it doesn't, then it will need to break above those resistance levels I have drawn and confirm. If it can't do this on the daily, then I have a hunch this inverse h&s will complete itself.
Ethereum leads the altcoin market rn. So, depending on where your bet lies, you may want to offset some risks and take profit here as we begin to consolidate/accumulate for another bull run.
Stew
BTCUSD - 4HRSimple trading - WE WAIT! Patient pays!!
Possible head and shoulders pattern is starting to form on the charts. be patient as this pattern is not confirmed.
BTCUSD is still currently in a bullish run breaking out of the daily Inverted head and shoulder pattern. Active target is still 74k
We can take advantage of short-term price action like this 4hr head and shoulders. Watch to see if the price creates a lower-low, and look to sell. We need a strong bearish candle to close below the price area of 67,500.
Price predictions:
Sell at 70800
Sell at 69600
These are just my thoughts, not financial advice.
✨ ETHEREUM TA AND EDITORS PICK!✨✨ Hey hey! Thanks for joining me! Crazy to think we're here and all today. I'm happy I was able to make a post on Ethereum's ETF being greenlit and so honored that I was picked by Tradingview for the Editor's picks. 3 years I've been here and I'm so grateful to each and every single one of you guys. Took 3 years to get one but it feels well worth and I owe it to all of you. Thanks so much. 🙏
✨ Gonna try and keep this short, I'm sure you all have a lot going on so let's follow up on things. To start us off we've got a chart from yesterday's idea for reference in which we added that ascending channel and spoke on a few subjects including the possibility of a reversal or retracement following the impulse wave up.
✨ So we've got that chart from yesterday's and now here's today's chart with a 15 minute approach for better depth, analysis.
✨ Understandably, we had this battle for support and Ethereum ended up losing a bit of ground once those 20/50 EMA's started flipping, but once we lost the ascending channel and started to exit, traders notably took profits and closed a lot of positions. That's fair though, you see it lose the channel and you don't really know how far things can dip but in this case we've managed to keep above $3,630 and avoid anything too significant, at least for now.
✨ What matters now is who wins this tug of war. Bears and Bulls are notably gonna be fighting as we're sitting in this crossroad with the 20,50 and 200 EMA. If we lose that 200 EMA chances are good that we'll slip back down and have to retest the two support points we've already hit which are labeled in blue.
✨ So we've got that fight on the local timeframe at least, bears want us to lose the 200 EMA and bulls should aim to regain it as well as push to break back into the ascending channel though being that we've not lost it, we should now consider that bottom line of the channel to be resistance should we pull back up there for future reference.
✨ If we end up getting the worst case scenario and we do lose that 200 EMA on the 15 and 30 minute timeframe then we could be facing a drop and possibly retest $3,500. It's been a while since we've been up here so here's a big picture with 3 horizontal levels from past times we we're here, use those 3 levels and feel free to add them, if we should fall thse could be the support points we see.
✨ So basically if we end up getting some sort of flash drop or reversing then look to the 3 points in the chart for reference, hope that helps!
✨ Said this idea would be short and it is, I'll be posting more later so make sure to keep tuned and thanks again, I appreciate all the support, the likes, the follows, the shares, you guys have been nothing short of supportive, thanks for everything! Keep tuned for more till next.
~ Rock '
ETH Market Update and Key Support LevelsCurrent Situation:
Recent Price Action: ETH saw a massive wick yesterday, flushing out most longs that jumped in after the 20th of May.
ETF News: The ETF news is bullish for crypto as a whole, but historically, such news has led to a temporary price drop.
Historical Context:
Past ETF Approval: Previous ETF approvals have resulted in a 20% dump on BTC and ETH, lasting around 10 to 12 days before prices began to gain traction again.
Key Support Levels to Watch:
$3,500: Major support level where buyers are likely to step in.
$3,300: Another critical support level that could mark the bottom.
$3,200: Strong support level, potentially marking the end of the correction.
Strategy:
Monitor Support Levels: Keep an eye on these support levels ($3,500, $3,300, and $3,200) as they may provide good entry points for long trades.
Be Patient: Given the historical pattern, there might be a temporary dip before the market gains traction again.
Risk Management: Set tight stop losses just below these support levels to manage downside risk effectively.
Summary:
ETH is experiencing a temporary pullback likely influenced by the recent ETF news. Key support levels at $3,500, $3,300, and $3,200 should be monitored closely as potential entry points for long trades. Historical patterns suggest a possible 10 to 12-day dip before the market resumes its upward trajectory.
Ethereum (ETH): Strategic Entries and Potential DropsFor Ethereum, we're observing a chart pattern that has developed a weak divergence, and we believe it is now correcting wo the end of Wave 4 of Wave (3). We plan to place multiple entries; our first entry was at the upper range of the Wave 4 target area around $3200. However, the price has continued to decline. We are now looking to DCA and make a second entry at $2600, with a final entry in our worst-case scenario at $2277. We suspect there might be further downside potential, but the extent is uncertain, and we intend to buy additional spots. Those already in from the first entry can choose to hold or buy more—this is on yourself. Given the expected market weakness, there could be opportunities to establish substantial long-term spot positions.
Upon examining the annual VWAP, we're observing a scenario where the 2021 VAH is acting as a current resistance level. We briefly surpassed this level but quickly fell below it again. We believe there could be good entry opportunities in the area between the 2021 VWAP and the 2022 VAH, which closely align around $2,500 to $2,450. Below this, the next significant level could be the 2023 VAH around $2,000, indicating a substantial gap in the middle. This will be elaborated further in subsequent sections of our analysis.
However, this setup on the larger chart presents a probable scenario, yet we're also considering managing our positions above this range as shown above. The 61,8% Fibonacci retracement is still the second entry target for us.
12H
On the quarterly VWAP, we observe that the VWAP from Q4 2021 acted as resistance at exactly $4,100. Since then, we've experienced a downward trend and identified several levels acting as resistance or support. Currently, we're situated right at the 2022 Q1VWAP and the 2021 Q3VWAP, which could provide enough support to push us above the $3,000 mark. Ideally, surpassing the $3,200 mark would be beneficial, but we perceive this as challenging since the current quarter's VWAP is likely to act as resistance around $3,200. We think it's possible we might revisit the levels of the 2021 Q2VWAP to the 2024 Q1VAL, ranging between $2,670 and $2,426. While we don't anticipate falling much below these levels, it's not outside the realm of possibility. These remain our critical levels for now.
4H
Considering the monthly VWAP, there's a scenario where we might see an upward push toward the Previous Monthly VAL, given that the February VWAP has acted as support three times already. This aligns with the desire to see Ethereum exceed $3,200, which would surpass both the February VWAP high and the Previous Monthly VWAP. Achieving and maintaining a position above this level is crucial for a sustained upward move.
If we fail to reclaim and hold this level, it's plausible that Ethereum could revisit lower levels, potentially down to the February VAL around $2,500. Holding above the February VWAP is vital; otherwise, we might see a retracement to these lower support levels.
ETH ETF Approval and Consensus 2024Congratulations to all holding ETH and all in crypto as a whole! This past week has been MASSIVE for legislation in the field. This ETF approval shocked me- I figured it'd happen just not so soon. Turns out crypto is going to get more and more intersected with politics as time moves on from here on out...
As for ETH's price and the market, I am basing my analysis on how the BTC affected its price. It's also worth mentioning that we don't know yet when the ETH ETF will begin trading. Hong Kong's ETH ETF has not been remotely as successful as BTC, but I am optimistic on how ETH will perform here in the US. Regardless, I like many others agree the ETH ETF won't be remotely as popular as the BTC one has been. To be honest, I never really ever thought the ETH ETF was that important for its success anyways- but this approval legitimizes the asset and the entire digital asset space as a whole. I'd argue this legitimization is even more important than the inflows will be.
My prediction is a copy+paste of the price action of BTC after the ETF approval. Maybe we dump for a little bit more and then run up? I could see Consensus 2024 maybe speeding up this process- that convention starts on May 29. Crypto generally does well at the end of May every year, so I'm optimistic that maybe this goes up way quicker than I am expecting.
Good luck everyone! This has been a fantastic 2024 so far, and the trend is on our side.