ETHISDT.P Hello, my dear degens,
Here's ETH on the 30-min chart. I'm shorting because the price was rejected at two resistance levels: the 200 MA and the black line.
Not financial advice. Stay safe!
ETHBULLUSDT trade ideas
$ETH going to the moon!BINANCE:ETHUSDT.P
Repeat this trade.
On the chart we can see that the correction I mentioned earlier is underway.
The price is now at the Fibonacci level, which could be the reversal point of this movement.
Also, the price may go a little lower to gain more volume at the support level.
After that a longing pattern will be formed. And the movement will continue towards the strong resistance level and there will be a final denouement. If the price is able to break the resistance level, we will go to take a take, if not, we will have to move the stop.
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ETHUSD: Squeezed for a Breakout - Bullish Momentum BuildingETH is currently squeezed between an ascending trendline and a strong resistance level, signaling potential upward pressure. The Market Liberator indicator shows diminishing wave patterns on the downside, which is a bullish signal indicating that selling momentum is weakening. Additionally, money flow on lower timeframes is shifting toward green, suggesting increased buying interest. This combination of technical factors hints at a potential breakout to the upside, making this setup favorable for a long position. additionally the green/yellow lines could be seen as TP'S, yellow lines are high TF S/R which tend to give an stronger reaction, and the thin green lines are 4H S/R. i suggest to await conformation for the trade and goodluck!
Ethereum (ETH): Sharp Downward Move of 7% / CME Still UnfilledEthereum coin has a nice 7% market price movement where price moved just as we needed.
Now that we have approached the trend line, we are looking for a quick fill of the CME gap and, from there, a possible further movement to fill that lower CME gap as well (if sellers manage to secure the trend zone).
Swallow Team
Ethereum New Update (Road Map)According to the data we have from various indexes, such as Tether's dominance or Bitcoin, it seems that the most likely scenario for Ethereum is a large diametric.
The red range is a strong supply that is expected to be unreactive when the price reaches it.
We are looking for sell/short positions in the red range.
Closing a daily candle below the invaliation level will violate this analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ETHEREUM → Price can't break the bearish trend. False breakoutBINANCE:ETHUSD is facing selloffs. Technically, ETH is showing weakness on the background of growing sales. Any growth attempts are aggressively sold off. The price continues to test the support, which only increases the chances of a breakdown
Accumulation is narrowing. Ethereum is unable to leave the downtrend. The pressure formed by the bears is only getting stronger. Earlier there was a growth attempt, which became unsuccessful, after a false breakdown of the intermediate resistance 2717. The bears did not let anyone near 2817. On the background of yesterday's fall, associated with bitcoin correction in the 67K - 65K zone, the price tested the consolidation support and is forming a false breakdown.
From October 22: BITCOIN → False Breakout & Bearish Engulfment ↓
If the price does not start active growth, but returns to the support and starts to enter the risk zone, it can provoke the activation of orders and a strong impulse to 2100-1900.
Resistance levels: 2562, 2728, 2764
Support levels: 2392, 2318, 2111
It is not excluded that the price may return to the triangle resistance or 2728, but there are no hints for now. Emphasize on 2562 and 2392, two important zones from which a strong fall can be formed
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHUSDT ;)
Regards R. Linda!
ETH Prediction : 01 November 2024ETH formed an evening star pattern. If it breaks the support, it will move down and stop at around 2170. Before taking any trade let's wait for today for confirmation of Evening Star. If the trend continues, short the ETH. The chances of going down are very low.
But if it takes the support of 50 EMA trends will continue after after giving a small dip to execute the stop loss for week byers. The chances of going up are very high but only after a long dip. According to the chart pattern the market is getting ready for the long position as the market is consolidating in the range.
ETH Symmetrical Triangle UpdateThe lower trend line of the triangle did not break following yesterday's price crash.
Looking at the chart potential big move to the upside in line with break out as bulls look to push ETH price higher.
ETH SHORTDaily pattern shows ETH price still in consolidation and recent price movement has formed head and shoulders pattern.
Expecting a fall till 2100 level
$ETH Is This the Perfect Entry Point or a Trap?BINANCE:ETHUSDT.P
On the chart we can see that the correction I mentioned earlier is underway.
The price is now at the Fibonacci level, which could be the reversal point of this movement.
Also, the price may go a little lower to gain more volume at the support level.
After that a longing pattern will be formed. And the movement will continue towards the strong resistance level and there will be a final denouement. If the price is able to break the resistance level, we will go to take a take, if not, we will have to move the stop.
Entry data:
Entry: 2580
SL: 2468
TP: 2952
Ethereum (ETH): Rejection From Resistance!Since yesterday we had a nice touch to the upper resistance zone, where after that sellers showed dominance and price got rejected.
We are now looking for a few candles to show us further sellers dominance, giving us final confirmations of a good downward movement.
RSI has started a nice downtrend and Bollinger Bands has stabilised as well, ready to fall.
Swallow Team
ETHUSDT.1Dreviewing the ETH/USDT daily chart, I can identify several critical aspects of Ethereum's price action that are essential for forming a trading strategy.
Key Observations:
Resistance Levels: The chart shows several distinct resistance levels. The immediate resistance is marked at 'R1' ($2,836.60), followed by 'R2' ($3,034.20) and 'R3' ($3,565.20). These levels have historically acted as barriers where the price faced significant sell-offs.
Support Levels: 'S1' at $2,472.28 serves as the nearest support level, offering a potential bounce zone if the current uptrend retraces. Below this, 'S2' at $2,101.09 provides a deeper support level which could be critical in the event of a larger market downturn.
Current Price Trend: Ethereum is showing an upward trajectory within a rising channel, suggesting a bullish outlook in the near term.
Technical Indicators:
Stochastic RSI: Currently in the neutral zone, indicating that there is neither an overbought nor oversold condition, which typically provides room for the price to move in either direction without immediate pressure from RSI extremes.
MACD: The MACD line is below the signal line but the gap is closing, indicating potential bullish momentum building up. This could signal an upcoming positive crossover if the trend continues.
Strategic Approach: Given the current setup and Ethereum's price approaching 'R1', my strategy would focus on monitoring for a strong break and close above this resistance level. A confirmed breakout could potentially target 'R2', offering a lucrative trading opportunity.
Should the price fail to break 'R1' and shows signs of reversal, I would consider 'S1' as a critical level for potential buy orders, assuming the MACD supports continued bullish sentiment. A fall below 'S1' would necessitate reassessment, possibly adjusting to a more defensive position, preparing for tests of 'S2'.
Conclusion: Ethereum is currently in a phase that hints at bullish potential, but approaching significant resistance at 'R1'. Observing volume, MACD developments, and price action near this resistance will be crucial in determining the strength of the ongoing momentum. Should a breakout occur, the subsequent resistance levels provide clear targets for taking profits and reassessing positions. Conversely, a retreat from these levels would highlight the importance of the identified support zones. As always, maintaining a balanced view with rigorous risk management is essential to navigating these potential scenarios effectively.
For altcoins to follow the rise of BTC, ETH needs to rise
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Have a nice day today.
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(BTC.D 1M chart)
In order for altcoins to show an upward trend, BTC dominance must be in a downward trend.
Otherwise, altcoins are likely to fail to follow the movement of BTC and gradually move sideways or show a downward trend.
You should not judge the market movement solely based on the rise or fall of BTC dominance.
At least you should look at it together with the USDT dominance chart.
You can tell to some extent whether the coin market price is rising or falling by looking at whether USDT dominance is falling or rising.
To summarize the above,
- BTC dominance rises: Funds are concentrated toward BTC
- BTC dominance falls: Funds are concentrated toward altcoins
- USDT dominance rises: Coin market is likely to show a downward trend
- USDT dominance falls: Coin market is likely to show an upward trend
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(ETHUSDT 1D chart)
In any case, ETH is the coin with the largest market cap among non-BTC coins.
Therefore, it is likely that BTC dominance will show a downward trend only when ETH starts to rise.
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Currently, ETH is stuck in the box range (2273.58-2706.15).
The M-Signal indicator on the 1M, 1W chart is showing a convergence as it passes near the 2666.70-2706.15 section.
Therefore, if the price rises above the 2666.70-2706.15 section and maintains, ETH is expected to form an upward trend.
Therefore, whether it can break through the 2666.70-2706.15 section upward is the key.
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If the price maintains above 2706.15, it is expected to rise to around 3265.0-3321.30 and determine the trend again.
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Have a good time.
Thank you.
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- Big picture
It is expected that the real uptrend will start 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 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points.
We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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ETH bear flag or consolidation at support?ETH is a structure that is at critical levels of support. Both a bullish and a bearish thesis can be argued here. Regardless of the bias, an invalidation can placed at the structure boundaries. Bullish divergence is clear on the momentum indicator, which is a good sign. However, does Ethereum have what it takes to pivot here?
Ready to explode higherChance favors the prepared mind (Louis Pasteur).
Are You Ready?
Trade Plan:
Long-term overview
Bias: Bullish
Date: 29 Nov 2024
Price: $ 2633
Structure: 5-3-5 (Inverted)
Trade entry: $ 2633
Target-1: $ 5775
Target-2: $ 6900
Stop: $ 2000
ETH ANALYSIS🔮 #ETH Analysis 🚀🚀
💲💲 #ETH is trading in a Descending Broadening Wedge Pattern. And the price pullbacks from support zone.
There is an instant resistance area and if it sustain here then we will see a bullish move
💸Current Price -- $2678
📈Target Price -- $3310
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#ETH #Cryptocurrency #DYOR
ETH/USDT : More Bullish Move Ahead? (READ THE CAPTION)By analyzing the #Ethereum chart in the weekly (logarithmic) timeframe, we can see that the price is still within the range we discussed a few weeks ago. As mentioned earlier, the $2100 to $2450 zone is a critical support and demand area. After Bitcoin's rise above $74,000, we can anticipate a similar strong move from Ethereum. The next targets for Ethereum are $2820, $3079, $3700, and $4090.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Eth ethusdt ethusd etherium etherHello friends, today I posted the analysis of Ethereum that formed a triangle pattern and if this triangle breaks from above, it can achieve the specified goals. Thank you for your like and support. Be sure to comment...
ETHUSDTI found this helpful for long term view. What do you think? One of the most favorable setup to the upside. Love it
ETH Symmetrical Triangle Breakout Could Ignite Rally to $3,500ETH/USDT is currently attempting to break out of a symmetrical triangle on the daily chart, a pattern that typically represents a period of consolidation before a strong directional move. The price has been coiling between a horizontal resistance zone around $2,750 and a rising support trendline, building tension for a potential breakout. Currently priced at $2,628.72, Ethereum has gained over 6% today, showing signs of upward momentum. If this breakout occurs, it could confirm a continuation of the broader bullish trend, with the next target for Ethereum sitting around $3,500.
From a technical perspective, symmetrical triangles are considered neutral patterns, but the current market conditions suggest a bullish breakout is more likely. The increasing volume and positive price action leading up to the resistance level are bullish indicators. If Ethereum clears the $2,750-$2,800 range convincingly, the measured move from the height of the triangle suggests a potential upside target of $3,500. However, failure to break could lead to further consolidation within the pattern, and traders should watch for a decisive move above resistance before entering long positions. Overall, the breakout scenario presents a favorable risk-reward setup for bulls aiming for $3,500 in the short to medium term.
$ETH Long Setup Bull Run open $2,700 to $4,000 see on chartWhy is Ethereum's price not surging? Will ever ETH price ever reach $3000 this quarter?
Ethereum traders seem to be seeking an answer to the above as the Ethereum price is constantly failing to rise above $2,800. Now that the BTC price is approaching its highs, the second-largest token was expected to follow the trend as it usually did. Unfortunately, the price remains stuck within a range with fewer possibilities of breathing above the resistance.
The current trade setup suggests the trader's attention has shifted away from the token as the bulls are failing to clear the resistance regardless of a substantial increase in the volume. One of the major reasons for the sluggish trend is the drop in spot trading activity. As per the recent update, Ethereum recently experienced a notable transformation, with over $750 million worth of ETH withdrawn from the major exchanges in just a week.
This trend suggests that many investors are opting for long-term holding rather than selling their assets. Having said that, here’s what to expect from the ETH price for the rest of 2024.
The weekly chart of the ETH price suggests the token is consolidating heavily within a narrow range, along the support of the rising parallel channel. Besides, when the price appears to be heading towards the end of the consolidation, the Ichimoku cloud has flipped into a bearish trend.
This may send bearish waves across the markets but the MACD suggests a drop in selling pressure. Moreover, the levels are heading towards a bullish crossover, hence suggesting an extension of a consolidated phase.
The Ethereum price, which formed a new ATH along with Bitcoin in 2021 and also in early 2024, appears to have failed to gain the required momentum. However, the liquidity flow from Bitcoin usually flows into ETH and hence the token is believed to demonstrate huge moves only after the star crypto marks new highs.
$ETH Long Setup Bull Run open $2,700 to $4,000 see on chart.CRYPTOCAP:ETH Long Setup Bull Run open $2,700 to $4,000 see on chart.
Why is Ethereum's price not surging? Will ever ETH price ever reach $3000 this quarter?
Ethereum traders seem to be seeking an answer to the above as the Ethereum price is constantly failing to rise above $2,800. Now that the BTC price is approaching its highs, the second-largest token was expected to follow the trend as it usually did. Unfortunately, the price remains stuck within a range with fewer possibilities of breathing above the resistance.
The current trade setup suggests the trader's attention has shifted away from the token as the bulls are failing to clear the resistance regardless of a substantial increase in the volume. One of the major reasons for the sluggish trend is the drop in spot trading activity. As per the recent update, Ethereum recently experienced a notable transformation, with over $750 million worth of ETH withdrawn from the major exchanges in just a week.
This trend suggests that many investors are opting for long-term holding rather than selling their assets. Having said that, here’s what to expect from the ETH price for the rest of 2024.
The weekly chart of the ETH price suggests the token is consolidating heavily within a narrow range, along the support of the rising parallel channel. Besides, when the price appears to be heading towards the end of the consolidation, the Ichimoku cloud has flipped into a bearish trend. This may send bearish waves across the markets but the MACD suggests a drop in selling pressure. Moreover, the levels are heading towards a bullish crossover, hence suggesting an extension of a consolidated phase.
The Ethereum price, which formed a new ATH along with Bitcoin in 2021 and also in early 2024, appears to have failed to gain the required momentum. However, the liquidity flow from Bitcoin usually flows into ETH and hence the token is believed to demonstrate huge moves only after the star crypto marks new highs.
