ETHUSD - ETHEREUM LongWe are in a nice bullish trend and have a strong monthly rejection. At the start of the week we have a resistance (3420) which we have broken through.
A pullback is quite possible but overall very bullish
ETHBEARUSD trade ideas
Eth could be ready for a major moveEth Daily chart shown here.
Eth is bouncing off a long term support which is also lining up with the 200 simple moving average. It might go to back-test this support before the pump.
RSI is ready to bounce off a rising trendline.
Target for this long is 2,544 which from the expected test is around 50% shown on the infoline.
NFA
Do your own DD
ETHEREUM: 21 JULY, 2024© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M (Master's Designation).
(Left Chart) The broad context analysis (2D Chart):
The broader context shows that ETH has started to rise since wave (4)-orange ended as a Zigzag. In fact, wave (4) concluded earlier than my initial expectation, so the Bear market trades from last week did not perform as anticipated.
Wave (5)-orange has resumed and will continue to push higher, with the primary target being the high of 3,973. The price must remain above 2,822 to maintain this view.
On the other hand, analyzing smaller time frames will allow us to delve into details and seek trading opportunities at more favorable price levels.
(Right Chart): Short-term outlook analysis (6H Chart):
The short-term outlook indicates that since the low of 2,822.64, a five-waves pattern has been unfolding to push higher, subdividing into wave (iv), which seems to have completed at the low of 3,367.65. Closer observation shows that wave (i)-orange unfolded as a Diagonal, and waves (ii)-orange and (iii)-orange have completed.
In terms of strength, the third wave performed well, showing strong and sharp price increases. Therefore, there is considerable evidence that this five-waves pattern will continue to push higher.
Current price action suggests that since the low of 3,367.65, wave (v)-orange has been unfolding to push much higher, potentially aiming for targets at the high of 3,973.90 or even further. The price must remain above 3,367.65 to maintain this view.
On the other hand, a drop below 3,367.65 would indicate that wave (iv)-orange may be extending longer than expected. However, this is less likely to occur, and you should generally bet on what happens more frequently to maximize the advantages the market offers. Wave 4 cannot "overlap" with wave (i), so a high of 3,3220 is the level to watch for when the wave count may be invalidated, requiring a re-evaluation of the entire situation.
ETH Sells back to Major Support level *I am in no way a financial advisor and you should always do your own due diligence before placing any trade. Do not trade what you are not comfortable with losing. No trade is guaranteed.
Price looks like it has reached it peak for the current bull move and has reached a level of resistance it wants to react to. From here it should make its way back down to support ( 2800s area) for long buys back to price high on the daily resistance level ( 4,000s price range )
ETH WeeklyI believe Eth and other crypto majors are going to see a huge parabolic run as shown here. Levels listed
When $ETH Money Flow Index turns green, new ATH! CRYPTOCAP:ETH has scaped the downward channel, but is still inside the horizontal channel (both in yellow)
Note the blue diamond from Detonator A Indicator forming now, indicating a possible local end of trend
Price will need to retest the support of downward channel first, as it coincides with both EMA200 (green tick line) and MA200 (red line)
After that retest, price will follow to the upper resistence level of the horizontal channel as the ATH box is a attractor for price because former trends have targets over the ATH box (those purple arrows)
When MFI (Money Flow Index, below pannel) turns green again, you know we will reach new heighs!
ETH Weekend Analysis. Low Risk TradeLooking for a candle close on the 4HR above the last highest wick.
Should guide us straight to the next purple level above around the time of the Spot ETF release.
Wait to scale-in at the edge of box of 4H chartTrump is lenient towards cryptocurrencies, and recently, due to Trump, there has been a significant surge, including Bitcoin.
The daily chart seems to indicate a rebound for several more days. The 4-hour chart shows a consolidation within a range, with a high probability of a future upward breakout. The entry point could be at the bottom of the range if it breaks the support, or upon breaking through the top resistance of the range.
Ethereum / US Dollar | Range Idea | Weekend Crypto SessionWithin a 100K Account Balance the split on Trade & Risk Management = 1/10% - 1/20% margin as an Execution Range, to set up an Order Entry and select to per Trade on Average, to avoid any drawdown hit regarding to Stop Loss & to execute Risk on Management Specifics. Trail Stop efforts are a Focus of Attention to the set up in general when Volatile-Price-Action is involved, mainly because of the usage of an Intraday-Scalp-Position tool on behalf on the Trade Plan in general.
# POSITION | RR | 15 Minutes Time Frame
- Measurement on Session
* 1000 EMA
* Retracement | 0.5 & 0.618
* Extension | 0.88 & 1
# LOWER DEGREE | 1 Hour Time Frame
- Behaviour & Subdivision
- Measurement on Session
* 1000 EMA
* 100 EMA
* Retracement
# HIGHER DEGREE 4 Hour Time Frame
- Subdivision & General Trend
- Measurement on Session
* Retracement
* Support & Resistance
* Trade Area | Focus & Motion ahead
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
ETHEREUM BULLISH REVERSAL CONFIRMEDCOINBASE:ETHUSD is giving a green dot on the trading indicator. This is a signal of a bullish reversal. The bull market is BACK!!
Ethusd forecastHi traders; we have the engulf of the chart and we have reversal in the above left shoulder ;
BTC ETH July 19 Options Data
21,000 BTC options expired with a Put Call Ratio of 1.2, a Maxpain point of $62,000 and a notional value of $1.3 billion.
140,000 ETH options expired with Put Call Ratio of 0.39, Maxpain point of $3,150 and notional value of $480 million.
The crypto market has rallied sharply this week, fueled by multiple positive news, with all major term IVs showing significant rallies, generally 5% or more compared to a week ago.
The market vibe is much more optimistic, and while news of the ETH ETF is still being delayed, the ETF listing and the growth of the crypto market as a whole is unstoppable, and the eventual inflow of funds will drive crypto.
ETHEREUM Bearish Bias! Sell!
Hello,Traders!
ETHEREUM made a retest
Of the horizontal resistance
Of 3518$ and we are already
Seeing a rejection and a
Bearish reaction that followed
So we will be expecting
A further move down
Sell!
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ETHUSD OutlookContext 30m: ETH is trending bullish and expecting price to stay above these emas and possibly provide long setups during NY session.
ETHUSDT LongWolfe Wave on the ETH H1 chart: Currently, the price is in the fifth wave. The bullish target is the 3550 level. After reaching this target, we will watch for a potential sell signal.
ETHUSD - ETFETF are about to be approuved. Price will rocket to 4k... Buy the rumour sell the fact...
Ethereum's Breakout Sparks Altcoin FrenzyThe past few months have been pivotal for Ethereum and the entire cryptocurrency market. After weeks of hovering around $3200, ETH finally broke through that resistance level on July 15, 2024, reaching a new high of $3369.192. This surge in price has not only bolstered confidence in Ethereum's long-term potential but has also ignited a frenzy among investors scrambling for altcoins, hoping to capitalize on the momentum.
Ethereum's Rise: A Turning Point
Ethereum, the world's second-largest cryptocurrency by market capitalization, has long been seen as a strong contender to Bitcoin's dominance. While Bitcoin has established itself as a digital store of value, Ethereum's functionality extends beyond that. Its blockchain technology underpins a decentralized network that allows for the creation of smart contracts, self-executing agreements that can facilitate a wide range of applications, decentralized finance (DeFi), and non-fungible tokens (NFTs) being just a few examples.
This versatility has fueled significant interest in Ethereum, and the recent breakout is seen as a validation of its potential. The surge past the $3200 resistance level suggests a shift in market sentiment, with investors growing more bullish on Ethereum's future. This bullishness is likely fueled by several factors:
• Increased adoption of DeFi and NFTs: The growing popularity of DeFi applications and NFTs has significantly boosted activity on the Ethereum network. This increased usage translates to higher demand for ETH, driving up the price.
• The Merge: The upcoming Ethereum upgrade, known as the Merge, is expected to significantly improve the network's scalability and efficiency. This has instilled confidence in investors who believe the upgrade will further solidify Ethereum's position within the crypto ecosystem.
• Institutional investment: The entry of institutional investors into the cryptocurrency market has brought a wave of fresh capital. With a more secure and established platform like Ethereum, these institutions are more likely to allocate funds, further propelling growth.
The Rise of the Altcoins
Ethereum's breakout has had a ripple effect across the entire cryptocurrency market, particularly on altcoins, which are digital currencies alternative to Bitcoin. The term "altcoin" encompasses a vast array of cryptocurrencies, each with its unique features and functionalities. Some altcoins are designed to address specific limitations of Bitcoin, such as scalability or transaction fees. Others focus on entirely new applications, like decentralized content creation or secure data storage.
The excitement surrounding Ethereum has spilled over to altcoins, with many experiencing significant price increases. Investors are looking for the next big thing, hoping to replicate the success of Ethereum. This has fueled a surge in altcoin trading, with some investors pouring money into various projects in the hopes of finding the next hidden gem.
A Word of Caution
While the current market frenzy is exciting, it's important for investors to approach altcoins with caution. The altcoin market is inherently more volatile than established players like Bitcoin and Ethereum. Many altcoin projects are in their early stages of development, and their long-term viability remains uncertain.
Investors should conduct thorough research before investing in any altcoin project. Carefully evaluating the underlying technology, the team behind the project, and the overall market potential is crucial. Buying into the hype without proper due diligence can lead to significant losses.
The Future of Ethereum and Altcoins
Ethereum's breakout marks a significant moment for the cryptocurrency market. It underscores the growing acceptance and adoption of blockchain technology and its potential to revolutionize various industries. The coming months will be crucial in determining whether the current altcoin frenzy translates into sustained growth for these alternative cryptocurrencies.
For Ethereum, the successful implementation of the Merge will be a major milestone. If achieved, it will solidify Ethereum's position as a leading blockchain platform and could pave the way for even greater adoption and innovation within the crypto ecosystem.
Unveiling Crypto Market Insights - ETH tailwinds in 2024GM Bitstampers!
In January 2024, we posted about the tailwinds and headwinds for Ethereum in the coming year. In this post, we'll focus on some of the factors that contributed to a +50% increase in price since the beginning of the year.
The tailwinds we noted in January included the release of EIP-4844, the potential deflationary nature of Ethereum, and the possibility of ETF approval. The headwinds included potential migrations of fee-sensitive users to alternative Layer 1 and Layer 2 solutions, concerns about centralization, and the movement of projects to faster and cheaper chains.
Release of EIP-4844:
EIP-4844 went live in March 2024 with the Dencun upgrade , enhancing Ethereum’s scalability, security, and usability.
Deflationary Nature:
Ethereum has remained deflationary since the Merge, although the supply levels remain similar to those at the time of our last report.
ETH ETF Approval:
On May 23th, the SEC approved ETH spot ETFs from eight issuers, causing the price to rise by nearly 25% that week. The price continued to increase in the days following approval, almost reaching $4,000. Although the price retraced most of these gains in June and early July, it began climbing again in the last two weeks. Several issuers, including VanEck and 21Shares, filed amended registrations last week, hoping for the SEC’s final approval to list spot Ether ETFs. Nate Geraci, ETF analyst and president of The ETF Store, forecasted that eight spot ETH ETFs would be launched by the end of this week . Whereas Bloomberg Senior ETF Analyst Eric Balchunas said that ETFs will likely launch next week on Tuesday, July 23.
When do you think the first ETH spot ETFs will start trading?
What tailwinds and headwinds do you foresee for ETH in the future?
Ethereum Whales Accumulate $ETH in Anticipation of ETF LaunchWallets holding at least 0.1% of the total supply have shown a consistently positive net flow over the past month, with a notable surge as Ethereum bounced back from its recent lows below $3k. This trend suggests accumulation in anticipation of the upcoming Ethereum ETF release, which is expected to occur around July 23rd.
Our outlook for the coming week is predominantly bullish. However, whether the ETF release becomes a 'sell the news' event hinges on the level of institutional demand for CRYPTOCAP:ETH
