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3X Long Ethereum Token / USD Tether

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ETHBULLUSDT trade ideas

ETH interview week 24/11/2024So this is how I look at the chart: Technically, we all probably know what trend we are in… A super clear bullish trend with an eye to incredible increases, with an emphasis on the current asset (ETH), on the other hand, you can see an incredible increase that began on November 5, rose about 40%, followed by a small correction of about 9%. Immediately after that, you can look at a daily candle that picked up again and you can summarize all the momentum accumulation right now as a Re-accumulation process, in the form of a perfect LPS in the daily time frame, we have currently stalled and we are in a trend reversal, my point right now is to enter a long week with an amazing positive and bullish fundamental outlook that we have not seen for a while with quality reports coming out as early as this coming Tuesday, good luck to everyone.✅ Needless to say, I use the RSI, currently at a super stretched point downwards in all time frames except for the daily, (OS)
Long
by FineMei
2
ETHUSDT: Unlocking Opportunities Through Technical Analysis -...◳◱ On the BINANCE:ETHUSDT chart, the Trend Reversal pattern suggests momentum building up for a significant move. Traders might observe resistance around 3340.83 | 3605.67 | 4033.67 and support near 2912.83 | 2749.67 | 2321.67. Entering trades at 3315.98 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Ethereum ▣ Rank: 2 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Kraken ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: Ethereum is a distributed blockchain computing platform for smart contracts and decentralized applications. Its native token is ether (ETH), which primarily serves as a means of payment for transaction fees and as collateral for borrowing specific ERC-20 tokens within the decentralized finance (DeFi) sector. ◰◲ Technical Metrics : ▣ Mrkt Price: 3315.98 ₮ ▣ 24HVol: 1,652,280,497.599 ₮ ▣ 24H Chng: -3.342% ▣ 7-Days Chng: 7.56% ▣ 1-Month Chng: 31.26% ▣ 3-Months Chng: 18.74% ◲◰ Pivot Points - Levels : ◥ Resistance: 3340.83 | 3605.67 | 4033.67 ◢ Support: 2912.83 | 2749.67 | 2321.67 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 5.10 ▣ Last 90D: 1.57 ▣ Last 1-Y: 1.02 ▣ Last 3-Y: 0.20 ◲◰ Volatility : ▣ Last 30D: 0.75 ▣ Last 90D: 0.62 ▣ Last 1-Y: 0.63 ▣ Last 3-Y: 0.69 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is N/A ▣ In-depth ETHUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
Ethereum: Momentum Fueled by Growth and AdoptionEthereum: Momentum Fueled by Growth and Adoption Ethereum (ETH) continued its upward trend over the past week, closely following Bitcoin’s rally. The second-largest cryptocurrency by market capitalization is benefiting from a range of factors that reinforce its position as a leader in the blockchain space. With strong fundamentals, expanding use cases, and favorable seasonal trends, ETH’s price growth appears poised to continue. Adoption and Network Usage The growing adoption of Ethereum for a wide range of applications—ranging from decentralized finance (DeFi) to enterprise solutions—is a key driver of its rising value. Ethereum’s robust and versatile network continues to attract developers, businesses, and users, solidifying its role as the backbone of the blockchain ecosystem. The Rise of DeFi and NFTs The expansion of decentralized finance (DeFi) platforms, which leverage Ethereum’s smart contract capabilities, has created new opportunities for decentralized lending, borrowing, and trading. Simultaneously, the ongoing popularity of non-fungible tokens (NFTs) keeps Ethereum at the forefront of digital ownership and creative innovation. Network Upgrades and Transaction Fee Burning Technological improvements, such as Ethereum’s transition to proof-of-stake through the Merge, enhance network efficiency and sustainability. Additionally, the implementation of EIP-1559 introduced the burning of transaction fees, effectively reducing the supply of ETH and creating deflationary pressure, which can drive long-term price appreciation. Institutional Investment and Ethereum ETFs Institutional investors are increasingly entering the Ethereum market, driven by its utility and growth potential. One of the major catalysts has been the launch and increasing inflows into Ethereum-based ETFs, which provide a regulated and convenient way for institutional and retail investors to gain exposure to ETH. These inflows not only validate Ethereum’s role as a leading crypto asset but also contribute directly to its demand and price growth. Seasonality and Market Momentum Historically, the second half of December has often been a favorable period for cryptocurrency markets, including Ethereum. Factors such as increased trading activity, end-of-year portfolio adjustments, and overall market sentiment have historically supported upward trends during this time. Ethereum seems well-positioned to benefit from this seasonal tailwind, potentially pushing its price toward new highs. Competition and Ecosystem Growth Ethereum faces competition from other blockchain platforms, but its first-mover advantage, coupled with continuous innovation, helps it maintain a dominant position. The ecosystem of ERC-20 tokens—built on the Ethereum network—further strengthens its utility and value proposition. Market Sentiment and Macroeconomic Factors Positive market sentiment and media coverage contribute to Ethereum’s momentum. Broader macroeconomic factors, such as inflation and economic uncertainty, are also driving investors to explore alternatives like Ethereum as a hedge and growth asset. Infrastructure and Partnerships The continued development of infrastructure, including wallets, exchanges, and DeFi tools, makes Ethereum more accessible to users and investors. Strategic partnerships and collaborations within the blockchain space are also expanding Ethereum’s reach and utility. Conclusion Ethereum’s price growth is underpinned by a combination of strong network fundamentals, expanding use cases, increasing ETF inflows, and favorable seasonality. From DeFi and NFTs to network upgrades and institutional interest, Ethereum is positioned to continue its upward trajectory as we move into the traditionally bullish second half of December. Will Ethereum leverage these advantages to reach new price milestones? Share your views and insights in the comments!
Long
by InvestMate
1
ETHUSDT.1Danalyzing the ETH/USDT daily chart, Ethereum is currently trading at 3,434.56, showing strong upward momentum after breaking out of a descending trendline. This breakout indicates a potential reversal in the medium-term trend, favoring buyers. Key Levels: Resistance 1 (R1): 3,565.20 Resistance 2 (R2): 4,093.92 Support 1 (S1): 2,737.17 Support 2 (S2): 2,472.28 Support 3 (S3): 2,101.09 Ethereum is currently approaching R1, a critical resistance level. A decisive breakout above this level could pave the way for a retest of R2, aligning with the previous high near 4,093.92. On the downside, S1 and S2 serve as crucial support levels, where the price may consolidate or find buying interest if a pullback occurs. Indicators: The MACD (12, 26) shows bullish momentum, with the MACD line comfortably above the signal line and a positive histogram. This suggests growing buying pressure and supports the continuation of the upward trend. The RSI (14) is at 65.70, approaching overbought territory but still within a healthy range. This indicates room for further upward movement, though caution is warranted as overbought conditions may soon emerge, potentially leading to a short-term pullback or consolidation. Trend Analysis: The breakout from the descending trendline is a significant bullish signal. Furthermore, the price continues to respect the ascending support trendline near S1, maintaining a higher low structure that reinforces the bullish sentiment. If Ethereum sustains its position above S1 and breaks through R1, it could signal the continuation of the medium-term uptrend. Conclusion: My outlook for ETH/USDT remains bullish as long as the price respects the ascending trendline and holds above S1. A breakout above R1 would confirm the continuation of the upward trend, with R2 as the next target. Conversely, a rejection at R1 or a loss of S1 could result in a retracement toward S2 or S3. I will monitor the price action and momentum indicators closely to adapt to any shifts in market dynamics.
Long
by MarsSignals