$ETH Wholesale ValueBack on Tradingview potentially .... CRYPTOCAP:ETH is at a nice value bouncing off dynamic support off the weekly and the line of defense on the daily
ETHBULLUSD trade ideas
ETH - Preparing for the ETF launch THIS WEEK MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here
Even tho the bull market is here ETH has not fully mooned yet there is still time to buy on DIPS . The market has just hit a critical level . This is a bullish structure and dips are buys, when these dips happen ETH can start its move higher . This needs to be watched carefully.
ETH can get very bullish with this ETF launch so we need to watch carefully
Please watch the video for more information
Free ETH TradeSL: 2,992
TP 1 : 3,064
TP2 : 3,199
TP 3 : 3,229
ETH & the majority of the market have taken a recent dip between 18% - 22%
Recent rejection off 2,800 LVL has been great confluence to a bullish correction reaching the bottom of the Down Trend Line formed above.
Safe Trading, PPFX
$ETH TO 15K BY DEC?The 3.618 on the fib from the 2018 ATH put's us on 2021 cycle ATH of ~$4.9k. The 3.618 on the fib from the cycle ATH of 2021 put's us on this cycle ATH of ~$15k possibly by December this year. This 3.618 on the fib also intersects with the cycle tops trendline from 2018. I don't think it's a coincidence. This would also mark a completion of our major 5th wave that is about to begin. Let me know what you think in the comments. Thank you.
Could ETH/USD bounce from here?Price is falling towards the pivot which acts as an overlap support and could bounce to the 1st resistance.
pivot: 3,065.70
1st Support: 2,877.70
1st Resistance: 3,273.35
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ETHUSD# ETHUSD - H1 Analysis
📣 On the 1-hour timeframe, we expect that breaking the downward trend around the 2991 level could pave the way for a price increase up to the 3200 level.
⛔️ Stop Loss: 2800
Conversely, if the price breaks below the 2800 level, we could anticipate a decline in price down to the 2500 level.
⛔️ Stop Loss: 2991
ETH on daily timeframe Hello traders,
Based on my analysis, i have identified a bearish trend on the higher timeframes. Additionally, i expect ETH to reach the $3200 zone in the lower timeframe to complete its pullback.
After reaching the $3200 zone, i suggest considering both the price action and momentum. I believe that there is a possibility for the price to go down to $2700, and if this level is breached, i anticipate a further decline towards $2000.
It's important to closely monitor the price action, consider other technical indicators, and be aware of any news events that could impact Ethereum. Market conditions and sentiment can change rapidly, so it's crucial to adapt your analysis accordingly.
Please remember that trading involves risks, and it's important to conduct thorough research, implement appropriate risk management strategies, and make informed decisions based on your own risk tolerance and financial situation.
If you have any further questions or need clarification, feel free to ask.
ETHEREUM LONG FROM SUPPORT|
✅ETHEREUM made a retest
Of the horizontal support
Of 2,800$ then established
A double bottom pattern
All of which makes us
Locally bullish biased and
We will be expecting a
Further move up
LONG🚀
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ETHUSD afternoon updateShort-term bullish count for ETHUSD. Let's see if price action can build on the impulse waves already present.
Key support levels at white lines. It would be nice for 3036.36 to hold as support; otherwise, alternative bullish counts get a little messy.
My bias is on ETHUSDThe ETH according to my fundamental and technical calculations, I think we will see the growth of ETH prices.
BTC vs ETH ETFOn the left we have the BTC chart and on the right the ETH chart.
The BTC chart is from fall 2023 when BTC ETFs began to be filed and the hype about those ETFs lead us on a monumental uptrend.
From a chart perspective BTC had a double top followed by a double bottom (blue line/ green arrows). When price created that double bottom, that is when BTC ETF speculation began to grown and form a strong bottom before the following rally.
Today we see ETH in the same spot from a chart perspective. A double top followed by a double bottom (blue line/ green arrows) trying to be established as we speak. We have heard rumors we will see the ETH ETF be approved soon which has lead to more filings being placed.
Therefore, are we about to witness an altseason led by ETH that follows a similar pattern to the BTC ETF cycle approval?
Ethereum Daily OutlookETHUSD trades below the $3000 level due to risk aversion. It hit a low of $2822 yesterday and is currently trading at around $2970.
According to Bloomberg reports, ETH ETF will commence trading by Jul 15th, 2024.
The intraday bullishness is possible if it holds above $3200. On the higher side, the near-term resistance is $3200. Any significant jump above the target is $3520/$3700/ $4000/$4500/$5000. Significant bullish continuation only above $4800.
The immediate support is around $2800. Any breach below $3100 confirms bearish continuation. A dip to $3000/$2800 is possible. A violation below $2800 will drag the Ethereum to $2500/$2300/$2000.
It is good to buy on dips around $2850-60 with SL around $2750 for TP of $4500.
Ethereum Golden Trendline ChannelEthereum golden trend line channel, the main target is the golden trend line below, and the upper and lower gray lines are channels. The place of Venus is the low point and the bottom price of this target. It mainly depends on the decline. If it falls below the golden trend line, it will be at the gray channel line below. The main low point will be around the golden trend line.
Ethereum On A 7 Year Old Support! Is This The Bottom?Now that crypto has been trading bearish for weeks, there might be a light at the end of this dark tunnel.
Ethereum has seemingly found support on a 7-year old support line, which originated late 2016 when ETH was still trading around 7$.
As seen on the chart, the support line has also signaled a pump back in September of 2023.
If this support holds, it might be the last time that ETH will be trading at 3,000$ forever. On the other hand, if BTC will continue to fall, ETH will likely follow.
It remains to be seen whether ETH bulls can keep the BTC bears in check. I'd say it's more likely that ETH will fall through this support in the near future than not. Nevertheless, ETH is trading at a very interesting place for bullish traders.
Ethereum's Q3 2024 Surge: A 50% Bull Run on the HorizonSupport and Recovery: Ethereum reversed from the crucial $2,850 support, indicating a potential new bull cycle.
Price Jump: ETH saw a 4.87% price increase in the last 48 hours, supported by Bitcoin holding above $56,000.
Market Sentiment: $52 million in short-side liquidations suggests weakening bearish control over ETH.
Market Cap: Ethereum's market cap is $368 billion, making it the second-largest crypto.
Current Price: ETH trades at $3,063, with a 1.42% intraday gain after a 2.99% overnight jump.
Double Top Formation: The weekly chart shows a failed double top formation with a neckline at $2,844.
Fibonacci Level: The neckline aligns with the 50% Fibonacci retracement level.
RSI Indicator: Weekly RSI below the halfway line, but reverse divergence hints at an uptrend.
MACD Indicator: Negative crossover in the MACD lines fuels bearish histograms but suggests potential reversal.
ETF Catalyst: Anticipated Ethereum ETF listing could significantly boost ETH prices.
ETHUSD - BullishA chart suggesting ETHUSD can easily increase to previous highs and higher
This could just be a temporary bearish structure within a larger bull market for crypto
I am very bullish on ETH
Up we go hopefully
ETHUSD - Still Bullish RSI AnalysisInteresting that the RSI has consistently lowered while price has been increasing
Would this be considered a large divergence?
I don't think we are turning bearish. The bullish nature has been solidified for now.
Ethereum will outperform BTC in the next large run. I predict. Its very hard to call the bottom.
what you have to lose vs what you stand to gain.There are a lot of punk ass bitch, thin skinned, yuppy day traders that will tell you “the ETF is priced in” or “it’s a buy the rumor sell the news event”.
Anyone that understands what Ethereum is and why it matters, knows the ETF is irrelevant. It wasn’t designed to be a novelty derivative for hedgies and brokers to speculate on.
Ethereum is designed to migrate away from untrustworthy hedgies, brokers and the derivative market. For the kind of settlement finality that they have failed to provide.
Let’s say this is the worst case scenario and all the rats tuck their tales and abandon ship all at once, today. That would bring us down to anywhere from $2,500 to $1,800. BFD!
But on the other hand, look at what you have to gain if Wall Street migrates to Ethereum as a settlement layer, away from the DTCC.
I’m not talking full scale adoption. Just dipping their toes and testing the waters. But for reference the DTCC settles Quadrillions of dollars in transactions.
Obviously eth isn’t gonna grow that big over night or even this cycle, but it has a lot of room to grow.
ETH Target REACHED ! Follow my Ethereum Analysis For those who followed my last analysis of ETH on the daily timeframe and had the patience to wait until we reached our target, I am pleased to inform you that we have reached a very important point of interest where there is a high probability that the price will consolidate a bit before bouncing back.
So far, the analysis has gone perfectly according to plan. Since Sunday, I have opened a percentage, and if it continues to drop a bit more, I will keep adding.
Regards, and thank you for your support.
ETH Holding the Line? Stop at < $2800ETH appears to be holding the line above $2950 but but as it's now the 5th re-test, I'd be looking for any breakdown here on ETH to get out and wait for a lower re-entry.
Stop loss at $2800 makes sense, although we could easily wick and touch then rebound.
Still, breakouts to new highs or breakdowns usually happen on the 3rd or 5th attempt I've noticed over the years.
And better safe-ish than sorry.
What do you think?
Eth at a crossroad. On the one hand we have what appears to be a double top which can also be interpreted as a large bull flag. A break and close under the neckline can push Eth to $1800 usd. A break above top of flag can also push Eth to $6500 usd. Plan accordingly and don’t get caught off guard.
ETHUSD: Thoughts and Analysis Today's focus: ETHUSD
Pattern – Support formation
Support – 2800 - 2880
Resistance – 3073
Hi, traders. Thanks for tuning in for today's update. Today, we are looking at ETHUSD on its daily chart.
The key question we are asking today is: Has price started to find key support, or are we set to see one more low? For now, buyers contnue to hold firm from 2800.
Has the Mount Gox news been overdone, or will this new supply dump continue to push coins lower?
Good trading.
ETHUSDPair : ETHUSD ( Ethereum / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Resistance Level
Double Bottom as an Corrective Pattern in Short Time Frame
