ETHBULLUSD trade ideas
Could price bounce from here?Ethereum (ETH/USD) is falling towards the pivot which has been identified as a pullback support and could bounce from the level to the 1st resistance.
Pivot: 3,355.63
1st Support: 3,272.65
1st Resistance: 3,468.05
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ETH, expect the next big move. Note the FVG labeled in the chart, imagine its a big magnet for the price to draw.
I think we will see price slowly grinding up and once it reaches to the FVG, it will accelerate the move.
Just be prepare and don't let those "pro traders" mess up your mind. I have been there. I am still bullish.
Jun.26-Jul.1(ETH)Weekly market recapThe PCE of May was better than the previous value, and the power of shorts has slowed down. This Friday will usher in important NFP. This will restart the medium-term trend. Many financial markets pulled back after rise in NFP in last month. Although we all know that the increase in NFP is likely to come from political needs and the increase in illegal immigration. Therefore, there is a divergence between it and the unemployment rate. However, with the market's full interpretation, we believe that as long as NFP is not significantly higher than expected, the market may ignore NFP and price a new round of interest rate cuts.
The SEC recently returned some applicants’ S-1 documents regarding ETH ETF and required them to submit documents again within July 8. ETH ETF is getting closer. The formal approval of the BTC ETF is after the U.S. stock market closes, so the ETH ETF may also be within this time point. Economic data aside, the ETH ETF will be key over the next 10 days.
Although Mt. Gox brought FUD, the BTC ETF has turned to net inflows for 5 consecutive days, which shows that institutions have reopened BTC.
ETH has remained fluctuation over the past week, as we expected. But the ETH ETF is about to be launched, and this cycle is still for ETH. The response from an indicator level is lackluster. There are no obvious whales on the WTA indicator, and trading volume has not increased. The ME indicator continues to fluctuate, causing the wavy area to further narrow.
In summary, we believe that ETH's performance this week may be stronger than BTC, but this depends on the time when the ETH ETF is listed. We maintain our original resistance level 4000 and support level 2800.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Ethereum Products See Highest Outflows Since 2022 Ahead of EtherEther ETFs are close to becoming available for trading in the U.S. after the Securities and Exchange Commission (SEC) approved applicants' filings last month. The regulator must also approve their S-1 filings before the products are cleared to trade.
Firms such as Galaxy say ether ETFs could see $5 billion of net inflows in the first five months, while Bitwise expects $15 billion in their first 18 months. The demand for the planned products is expected to come from independent investment advisers and broker/dealer platforms.
TVL Growth Adjusted to Token PriceTVL - Total Value Locked - is an important indicator of the healthiness of on-chain activity.
The chart shows the TVL adjusted by the native token for different chains.
This allows us to track the TVL growth normalized by the price appreciation, isolating how much the TVL comes from net new inflows rather than price appreciation.
When the TVL Growth Adjusted to Token Price is positive, it's a bullish sign for that crypto or chain.
For June, these are the winners:
Arbitrum: +40%
Polygon: +11%
Total TVL/Crypto Mcap: +6.8%
TON: 2.1%
Avalanche: -1.7%
ETHUSD potential bearish batOn the daily chart, ETHUSD is currently fluctuating. In the short term, we can pay attention to the resistance near 3580 above, which is the short position of the potential bearish bat pattern D point. Pay attention to the 3360-3400 area below.
SELL @3580
TP 3400
SL 3625
Chances of ETH Price To Hit $5000 With A GOD CandleCurrent Price: Ethereum trading at $3,447 with minimal growth of 0.26%.
50D EMA Resistance: ETH price fails to surpass the 50-day Exponential Moving Average.
Price Rejection: After a top at $3,518, the price reverts to $3,420.
ETF Listing Delay: Delay in Ethereum ETF listing creates market anxiety and underlying weakness.
Higher Price Rejection: Recent price action shows a long-wick candle, indicating potential reversal.
Accumulation Phase: ETH struggles to break past the accumulation phase.
Consolidation Breakdown: Prices may revert to the ascending support trendline.
Bullish Indicators: Positive crossover in MACD and rising 200D EMA support an uptrend theory.
God Candle Anticipation: Market expects a significant price surge (God candle) with ETF listing.
SEC Delay: SEC requests another round of submissions for ETF listing, causing uncertainty.
All-Time High Potential: Possible target of $5,000+ levels if God candle materializes.
Fibonacci Target: 1.272 Fibonacci level at $5,581 indicates a 60% rise from the current price.
Ethereum _ Falling Wedge Pattern Breakout. Traget is $3881In Ethereum, a Falling Wedge Pattern has formed and Breakout, also completing the 0.6 Fibonacci Retracement level. The next Target is $3881.
Ethereum’s Ascend to New Heights: Key Levels and Catalysts COINBASE:ETHUSD
Hello, TradingView community, this is TristanAgent bringing a fresh look at Ethereum’s current momentum and potential upward trajectory. The attached chart outlines critical technical patterns and price movements.
Key Technical Observations:
1. Descending Channel Breakout: Ethereum is challenging a significant resistance at $4,250, indicated by recent price actions. Overcoming this level could set the stage for a bullish push towards $4,000 and higher.
2. Staking and Supply Dynamics: A substantial increase in ETH staking has been observed, signaling a strong bullish sentiment and a potential decrease in market supply. This could further fuel the upward movement if the resistance is breached.
Market Catalysts:
• Ethereum Network Upgrade: The upcoming Dencun upgrade is poised to enhance transaction efficiency, potentially increasing Ethereum’s attractiveness to developers and investors.
• Anticipation Around Ethereum ETFs: Market excitement builds as the potential listing of Ethereum ETFs could draw significant capital inflows, driving up ETH prices.
Strategy Going Forward:
• Long Position: Consider a long position if ETH price sustains above the $4,250 resistance, with a target of $4,500. Set stop losses strategically below $4,000 to mitigate risks.
• Keep Updated: Stay alert to any announcements related to the ETFs and network upgrades, as these could dramatically influence Ethereum’s price movements.
Conclusion:
Ethereum shows promising signs of a strong upward trend. With key market developments on the horizon, now is a crucial time for traders to watch for breakthroughs at critical resistance levels.
Chart Analysis:
The attached chart highlights these insights, showcasing Ethereum’s potential paths and critical levels. Keep this chart handy as a visual guide for your trading decisions.
Tags: #Ethereum #Crypto #Investment #TechnicalAnalysis #TristanAgent
Feel free to share your insights and strategies in the comments below. Let’s engage in fruitful discussions and help each other navigate the ever-evolving crypto landscape. Happy trading!
ETHUSD Bull Run Forecast: Key Support Level & Bul Market InsightEthereum (ETHUSD) currently shows a strong support level at $2760. From this level, there is a high possibility of a significant gain. However, if the $2760 support level fails, we can expect the next major support between $2100 and $2200. This area should provide a strong bounce as the bull run approaches.
Historically, Ethereum has shown major movements during bull markets. In January 2016, Ethereum flipped resistance and saw a massive pump, creating a new resistance zone by January 2018. The next bull market in May and November 2021 saw Ethereum touching this resistance twice. We anticipate a similar pattern with the upcoming bull market, potentially reaching this resistance by March or April 2025. If not, we could see this level touched in October or November 2025. Each bull market is characterized by significant volatility, and we expect similar movements this time.
Our targets for Ethereum during the bull run, based on historical data and calculations, project a minimum target of $18,422 by March 2025. If Ethereum flips this resistance by July or August 2025, we could see a maximum target of $23,350 by October or November 2025. Historical bull markets in 2017, 2018, and 2021 have shown unexpected price pumps, and we anticipate similar volatility in Q1 and Q4 of 2025.
We recommend staying active in your trades and keeping an eye on the resistance zones. Long positions should be exited by March or November 2025 as the bull market is expected to end, leading to a downward trend in 2026.
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Ethereum Primed for a Bullish Surge To $5000Current Price: Ethereum trading at $3,481 with a 1.46% intraday gain.
Morning Star Pattern: Formed at the $3,300 level, indicating a bullish reversal.
Bullish Candles: Two bullish engulfing candles formed within 48 hours, up by almost 4%.
Early Reversal: Occurred before reaching the long-term support trendline.
Monthly Chart Pattern: Morning star pattern at the 61.80% Fibonacci level.
Increased Bull Cycle Chances: Could challenge the 78.60% Fibonacci level at $3,859.
Double-Top Threat: Early reversal undermines the threat and hints at a bullish cup and handle pattern.
Broad Market Recovery: Uptrend likely to continue with the broader market recovery.
52-Week High Potential: ETH price trend can hit a new 52W high.
Fibonacci Levels: Uptrend can reach $4,617 this month.
Psychological Milestone: Optimistically, the bull run can top the $5,000 mark.
ETH LongIt's nice to see some bullish action in the crypto market. Probably a bit more sideways, but ETH looks like it has stabilized going sideways. Proof of Stake will make a difference, dethrone the OG coin.
Ethereum Poised for Strong Performance in Second Half of 2024During the first half of this year, Ethereum has closely mirrored Bitcoin's performance, with both cryptocurrencies showing approximately a 45% increase year-to-date. As we move into the latter half of 2024, the burning question for many investors is which of these digital assets will take the lead.
Earlier in May, Bitcoin seemed the obvious choice. However, recent setbacks for Bitcoin have shifted the spotlight towards Ethereum. Several factors now suggest that Ethereum may see significant gains, even if Bitcoin continues to trade steadily.
One of the pivotal developments in the crypto landscape for 2024 has been the introduction of spot exchange-traded funds (ETFs) for Bitcoin, which have been available since January. Recently, Ethereum has gained traction with its own ETFs. The Securities and Exchange Commission (SEC) approved new spot ETFs for Ethereum at the end of May, adding a new dimension to its investment appeal.
The impact of these ETFs remains uncertain. They are anticipated to commence trading this summer, potentially attracting up to $3 billion in investments. JPMorgan Chase offers a more conservative estimate of around $1 billion. While this is significantly less than the $30 billion flowing into Bitcoin ETFs, the introduction of Ethereum ETFs is expected to have a notable influence on its market dynamics.
Ethereum continues to assert its dominance across crucial blockchain sectors, notably decentralized finance (DeFi), where it commands over 60% of the total value locked (TVL) globally. This starkly sets it apart from competitors like Solana, Cardano, and Avalanche, none of which come close to challenging Ethereum's position.
Market performance underscores Ethereum's strength. While Ethereum has shown robust growth, with Solana up 35% and Sui up 9%, other contenders have struggled. Aptos has declined by 28%, Cardano by 32%, and Avalanche by 33%.
Regulatory clarity further bolsters Ethereum's appeal. Despite earlier concerns about a potential SEC investigation into Ethereum's status as a security, recent statements indicate the SEC is closing any such inquiry. This clarity alleviates concerns for risk-averse institutional investors, potentially unlocking substantial capital inflows into Ethereum.
Moreover, Ethereum's long-term disruptive potential remains compelling. Over the past decade, Ethereum has consistently pioneered new applications within the blockchain space. Ongoing technological advancements continue to enhance its capabilities, particularly in sectors like DeFi, where Ethereum's efficiency in managing financial assets on the blockchain offers clear advantages over traditional systems.
Investment firm VanEck anticipates significant growth for Ethereum, particularly in DeFi, projecting a potential valuation of $22,000 per token by 2030, which could translate to a market cap exceeding $2 trillion. Such growth potential positions Ethereum favorably alongside top Silicon Valley companies in terms of market valuation.
Despite these strengths, Ethereum faces challenges from emerging blockchain competitors like Solana, which threaten to diminish Ethereum's once-formidable economic moat. Nonetheless, Ethereum appears poised to be a standout investment in the latter half of 2024, especially if new ETFs catalyze further market enthusiasm for the cryptocurrency.
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ETHUSD bearish structureETHUSD seems to be in a long-term downtrend. The current Elliott Wave count suggests there could be a high risk-to-reward trade opportunity. Keep an eye on this one!
ETHEREUM #ETH Cup and Handle projects $3400with a linear Price projection.
Which would be fantastic of course!
If this achieved, we can add the log target :)
as that points to a new ATH.
Lets Go!
ETHUSD IDEAA change of character on lower TF inside the 4H TF demand zone. I am putting my entry on the order block inside the demand zone.
Trade at your own risk!
ETH - LOCAL AND GLOBAL (JULY, AUGUST)I assume that everything is fine with ETH and the level that we broke through should have been tested.
We will hold on to it for some time, but globally I expect further growth.
Ethereum has a strong bearish momentum, could it fall further?Price is rising towards the pivot and could potentially fall from this level to the overlap support.
Pivot: 3,522.8
1st Support: 3,414.3
1st Resistance: 3,621.6
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
A Sneak Peek at This Week's Big Events (7/1-7/7)Bitcoin Investing Essentials
This week is a big macro week, centred on Friday's U.S. unemployment and non-farm payrolls data, and the macro market, which has been dormant for days, is making a comeback, with important macro events on every working day.
On the crypto, there is a high probability that the SEC will give a response to the ETH ETF this week.
Quarterly delivery has just ended and IVs are low for all major terms, a good opportunity to open a position.
🌟 Heavyweight events this week:
7/1 Monday *
💼 US June ISM Manufacturing PMI
7/2 Tuesday *
💼 US June ISM Manufacturing PMI
💼 Fed Chair Powell, ECB President Lagarde and Brazilian Central Bank President Neto speak at the Central Bank Forum held at the ECB.
💼 The Reserve of Australia releases minutes of its June monetary policy meeting
7/3 Wednesday **
💼 US ADP employment for June
💼 US initial jobless claims for the week
7/4 Thursday **
💼 Fed releases minutes of its monetary policy meeting
💼 UK holds a general election
💼 ECB publishes minutes of June monetary policy meeting
💼 US SEC may approve Ether Spot ETF as early as today
7/5 Friday***
💼 US unemployment rate for June
💼 US non-farm payrolls for June
📌 Crypto Market Outlook:
The cryptocurrency market has had a rough month, with BTC and ETH spending most of the year in a shock decline since entering a correction in mid-March, with the crypto market being more subdued. Currently the overall IV is at a lower level, the margin released from the big quarterly delivery will gradually come back to the market, choose the lower IV at the right time and you can build a buy order.
📌 crypto interest rate market, Bitfinex interest rate market is relatively quiet, occasionally good interest rate orders, encounter the right interest rate orders can be actively traded.
ETH 20 weeks MA supported#ETH weekly closed with hammer alike candle at 20 weeks MA.
no game if weekly closed below 20 weeks MA @ 3400-3300.
likely to re-test $3980.
DYODD
ETH/USDA bearish flag is a chart pattern used in technical analysis to identify potential downward trends in the price of an asset. It typically occurs in the context of a downtrend and signals that the asset's price may continue to decline after a brief consolidation period.
Here are the key features of a bearish flag pattern:
Flagpole: This is the initial sharp drop in the asset's price, which sets the stage for the pattern. It represents strong selling pressure.
Flag: Following the flagpole, the price enters a consolidation phase, creating a small upward or sideways channel. This phase often appears as a parallelogram or rectangle, and it indicates a temporary pause in the downtrend.
Breakout: The pattern is confirmed when the price breaks out of the consolidation phase in the direction of the prior trend, typically continuing the downward movement. This breakout is usually accompanied by an increase in trading volume.
ETH Thoughts for Long Term Purchase EntryI've been watching this market unfold carefully and have been sitting in the sidelines in cash since $2800. The parallels to basically every bull trap post-bubble in all of crypto looks dead on to where we are at with the market.
Not to mention overwhelming "to the moon" sentiment in all the ETH/Crypto subreddits.
We still have yet to hit true capitulation and certainly not despair yet during this cycle. All the talk of super cycle / setting new highs sounds like peak euphoria/denial/NEW PARADIGM and thus I'm taking the trade against the herd.
I'm going to begin entries at $1800, and will begin to DCA the rest of my position in as we poke around down in those lows. Purple is my buy zone in my chart, and I'm happy to buy anywhere in that region for a LONG TERM play. I'm looking to accumulate as much ETH as possible as I'm very bullish on it's future, and once my entries are in, all that coin will end up going into a self run staking node.
If it goes below $1000, will really load the boat hard.
