ETHSalaam ETH is moving in the weekly channel. Now it sticks at the bottom of the lower line. and break to the downside expecting. If it breaks in the weekly closing base, a short opportunity may be possible. The total picture will still be constructive even if we go for breaking down. Good luckShortby Mohsen_Abbassi110
Is ETH Stuck in Limbo? Let’s Find Out Who Breaks First! Technical Analysis: ETH/USDT (Neutral Outlook) The ETH/USDT pair remains in a consolidation phase, fluctuating between key support and resistance levels without a clear directional bias. The price is contained within a range, reflecting market indecision. Key Resistance Level (2820): To establish a bullish outlook, ETH/USDT must break above the 2820 level decisively. This breakout would signal a potential trend reversal, allowing the bulls to target higher levels with renewed confidence. Until then, any upward movements are limited by this overhead resistance, keeping the market outlook neutral. Critical Support Level (2200): On the downside, if ETH/USDT breaks below 2200, it could signal the start of a deeper bearish trend. A breakdown at this level would confirm sellers taking control, pushing the price into lower support zones. This move would likely attract more sellers, creating a clear bearish trend. Current Price Action: As the price continues consolidating within this range, it suggests that neither buyers nor sellers have enough momentum to dominate. For traders, this consolidation implies that a directional trade setup isn’t ideal until a breakout occurs on either side of the range. Patience is recommended, as the market awaits a catalyst to escape this neutral state. In conclusion, ETH/USDT currently remains neutral within this defined range, with the next move hinging on a breakout beyond either 2820 or a breakdown below 2200. 👨🏻💻💭 What do you think? Will ETH break out of this consolidation soon? Drop your predictions below and boost this idea if you’re watching this range closely! _________________________________________________________________ The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.by 3Commas2
ETHUSDT: Bearish Momentum Signals Further DeclineETHUSDT is showing clear bearish momentum on the 4-hour chart, with prices trading around $2,422. The downtrend is supported by the price consistently staying below the 34 and 89 EMAs, indicating strong selling pressure. The purple resistance zone around $2,490 has held firm, preventing any upward movement. As shown in the chart, ETH appears poised for further declines if it continues to respect this resistance level. Potential targets for the downside are near $2,360 and $2,280, aligning with recent lows. Traders might consider shorting opportunities if ETH remains below the resistance, with stop-losses set above the $2,490 level. Keep an eye on market sentiment and technical indicators to confirm the bearish outlook.Shortby Sanhara1
ETHUSDT Price Analysis November 5, 2024Ethereum (ETH) recently experienced a bearish breakout below the main trendline on the 4-hour chart, signaling potential downside momentum in the near term. Currently, ETHUSDT is trading around 2.421, with both the 34 EMA and 89 EMA acting as resistance above, reinforcing the bearish outlook. What do you think about this analysis? Do you see Ethereum recovering or is it likely to continue falling?Shortby Boss_Saylor445
ETH Bouncing Off Key Support – Rally on the Horizon?Hey everyone! If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates! Welcome to this quick ETH update. ETH is forming a descending triangle like structure in the daily time frame and currently holding the lower trend line of the triangle. It is holding the trend line and bouncing very well so far. As long as, ETH is holding the trend line we can expect a good rally from here. What’s your take on ETH’s current price action? Are you spotting this bullish setup too? Share your analysis in the comments, and let’s ride this wave together!Longby CoreCrypto11
ETH Symmetrical Triangle Update Price rushed into support zone. Bears trapped. Reversal demand zone formed on 15 min chart between 2416 and 2430 . Headed for breakout from here. Super long on ETHLongby stevetambo321
Ethereum price is now on the brink#ethereum #eth price is now testing the major support zone again. CRYPTOCAP:ETH tested there several times and bounced but if this time #ethusd breaks down the support the dump will even be deeper. Not financial advice.Shortby naphyse0
Ethereum - Crypto - Buy IdeaEthereum has broken above a descending trendline, indicating a potential bullish reversal. The RSI also shows bullish divergence, supporting upward potential. A potential long entry with a stop loss around $2,365 and a target at $2,647 offers a good risk-to-reward ratio.Longby MasoodAnsari1
Ethereum (ETH): 200EMA Holding Buyers Strongly / Possible Short?We are back with Ethereum, where we are seeing the great work from 100&200EMA. Despite us trading currently in some kind of sideways tunnel, we are seeing that buyers are struggling with breaking out of this path, where EMAs are pressuring the price down, which could lead to a possible breakdown of the local support zone. We are looking here to see a break of that support rather than a break of EMAs, and once we get it, we will wait out for a confirmation re-test (good zone to open short). Swallow Team Shortby SwallowPremium3
Ethereum (ETH): Sellers Pressuring Trend Line (Might Break)Sellers are yet again pressuring the bullish trend line, which seems to be pretty weak at this point. Previously this zone was a mark for huge volume and push to upper zones, but currently we are seeing that sellers are taking yet again dominance, possibly going for a break of that trend, a movement below 200EMA (white line). If this week we will not see any signs of volume from buyers, we might see a trend switch from here! Swallow Team Shortby SwallowPremium2
ETHUSDT: Next Strong Support at $2,100ETHUSDT Technical analysis update ETH has been trading within a triangle pattern for the past 90 days, with the price repeatedly testing the triangle’s support line. If the price breaks below this support, a rapid drop to the $2,100 level could occur before any potential rebound. On the weekly chart, the 100 EMA is acting as a support level for the current triangle pattern.Shortby HexaTrades7
ETH Awaits Breakout at $2,456 Level ETHUSDT is currently hovering around the $2,456 mark, consolidating within a wedge pattern on the 1D chart. As for the trend, ETHUSDT appears poised for a breakout, with potential downside movement as signals from the 34 and 89 EMA are aligning in favor of the bears. Wishing you smooth and successful trading!Shortby Sanhara1
The point to watch is whether it can rise to around 2555.69 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (ETHUSDT 1D chart) I told you that in order to get out of the current box range (2273.58-2706.15), the price should be maintained above 2419.83. However, it is currently touching around 2419.83 and rising. Accordingly, I think the upward momentum may be weak. Therefore, I think it is better to wait until we see support near 2555.69. Currently, the M-Signal indicator on the 1M chart has fallen below 2666.70 and is passing around 2555.69. Accordingly, I think it is not too late to buy after confirming that the price is maintained above the M-Signal indicator on the 1M chart. If it rises above the upper point of the box section, 2706.15, I think it is highly likely that it will show a sharp upward trend. Therefore, it is recommended to buy below 2706.15. Once the rise begins, it is expected to rise to around 3265.0-3321.30. - Have a good time. Thank you. -------------------------------------------------- - Big picture It is expected that a full-scale upward trend will begin after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 ----------------- by readCrypto4
Ethereum's Potential Drop: Key Zones to Watch for Reversalhello guys. Trendline Break: Ethereum has broken below a significant ascending trendline, signaling potential bearish momentum. Engulfing Pattern: The price shows a bearish engulfing pattern after breaking the trendline, indicating further downside could be ahead. Next Target Zone: Price action suggests that Ethereum could target the next support area around $2,300, which aligns with the 0.66 Fibonacci retracement level, as shown in the purple zone. RSI Divergence: Previous highs displayed a bearish divergence on the RSI, reinforcing the bearish sentiment after the recent top. Bearish Continuation: A retest of the broken trendline near $2,410–$2,450 is possible, but a failure to reclaim it could lead to further downside.Shortby melikatrader945523
Is Ethereum losing its important support?According to the support range in the range of 2406 After breaking this area, expect a fall to the 2289 range Otherwise, the resistance of the range of 2496 will be broken It can be expected that the range of 2585 and 2674 will continue to rise by arongroups1
ETHUSDTETH ~ 1W #ETH Make purchases gradually on this support block. Short term target of at least 15%++. This support block is the buy area of whales.Longby CryptoNuclear6
ETH Symmerical Triangle Update Bulls have defended the demand zone between 2420 and 2433. This area coincides with the lower channel of the symmetrical triangle. MACD line has crossed above the signal line (bullish). A fractal has formed along the support line. Can go long from here Longby stevetambo322
ETH - Critical SupportEth is testing its most important support trend line yet again. Most likely it will hold this trendline, but if we start closing candles below we could see a flash crash to $2,100. by VIAQUANT4
Etherum also respect my level..#ethreumHello Trader's Here's your etherum target 🎯 Achieved And comment down your profit... So don't forget to like or follow this page.. Next update Comming Shortby ForexTradeer2
ETH Price Crash : Symmetrical TriangleThe price of ETH had been consolidating leading to formation of symmetrical triangle. Price has broken out of lower channel signalling more movement to the downside. Potential move to 2000 area is possibleShortby stevetambo321
Ethereum Weekly Leaves No Room For Doubt!While Bitcoin is waiting to give us the final signal, Ethereum (Ether) is already there, leaving not a shred of doubt as to how this week will close. The current session has a long upper shadow, a very long one, and the action is already happening below the weeks open, giving us a bearish candle. Last week closed red and this week started green but is ending red. Wait, the week is not over, it closes tomorrow. If you see a strong rise and a close above $2,600 than this bearish candle is completely nullified and we can say ETHUSDT is on the path for a new high and growth. But, while the market stays as it is now, it is pointing down so down we go. Market conditions can always change. Change would mean Ethereum going bullish from being bearish. Being bearish means negative/down. Market conditions can always change but they have not changed, the chart potential is bearish, most the Altcoins are bearish and moving lower, Bitcoin is likely to do the same. Market conditions can always... Wait! Thank you for reading. Namaste.Shortby AlanSantana6635
Selling target pending after retest in #etherumHello Trader's Here is some update on etherum after bitcoin profits Booked Etherum Retest his breakdown level So check comment section for Intraday selling condition Don't forget to like or follow This is for Only Learning Purpose Shortby ForexTradeer112