Eth usdt daily chart analysisEth usdt daily chart analysis
bullish breakout on eth on daily chart looking forward to 3150 $
cheers for the trade enjoy have a nice party
ETHBULLUSDT trade ideas
ETH - 4H Buy SetupBINANCE:ETHUSDT has rebounded strongly from its key support zones and is currently consolidating above a support zone. With the price at the bottom of the consolidation zone, this presents a good buying opportunity, with potential for further upside towards higher targets. Consider setting a logical stop loss to manage risk.
ETH Pump Not over! $2800-$2900 LoadingJust entered eth long. Price pumped quite a bit yesterday and is relatively high however it's still maintaining bullish structure on the 1hr and holding up above key levels while rejecting lower prices multiple times.
So a deeper correction might not take place just yet.
Since he beginning of the week by my projected target was around $2930 area and we're still good distance below that.
After monitoring it for about 2 hours and I think it's about to take off now.
Just entered
ETHUSDTA good ascending structure can be seen in the time of one hour
Note that this plan is for a trader who wants to
Go with the wave and like any other analysis, just a possibility
Yes, please have capital management
ETHUSDT SHORTShorting ETH here.
Reasoning:
Notoriously bad performer, and ETH foundation is selling relentlessly to fund.
Weekends are usually low volume, people are busy with families and tradfi markets are shut.
Arguable double-top denoted by the two "X" on the chart.
Downtrend line will add confluence if it moves up, to see how it reacts off it.
Liquidity below to be swept (wick has been circled on the chart).
GLHF!
ETH TRADING PLAN Money Magnet$Just a simple chart and the simple trading.
I expect Etherium will go down to support zone until 2,663 then will go up again.
Note : Please follow your strategy, this is just my idea and i will gladly see your ideas in this post.
Don't forget to put STOP LOSS for your position, remember STOP LOSS is the key of consistency trading for long term.
ETHUSDT Analysis by the Mallicast Team AnalystsThe analysis is clearer on the 4-hour time frame and lower. A Mallicast team analyst presents their short-term forecast as follows: Initially, we expect a continued rise to the 2828.76 range, followed by a correction. The highest predicted liquidity level is at 2926.62.
ETHUSDT Analysis by the Mallicast Team AnalystsThe analysis is clearer on the 4-hour time frame and lower. A Mallicast team analyst presents their short-term forecast as follows: Initially, we expect a continued rise to the 2828.76 range, followed by a correction. The highest predicted liquidity level is at 2926.62.
ETH/USDT Buy Positionhi dude
After a long time I came back
We will talk about ETH
If the wave count is correct, it is at the end of wave 4 and soon the small wave 5 will start from the bigger wave 1
Targets 4800-5400 dollars
In the short term, $2850 and $3050 have heavy resistance and there is a possibility of price correction in them
#ETH Bullish Cup and Handle Structure📊#ETH Bullish Cup and Handle Structure📈
🧠We placed some long orders after breaking the key watershed downtrend line and saw a nice move up. From a structural perspective, a bullish cup-and-handle structure has been established, and there is still room for continued gains in the future.
➡️However, after we broke through the previous high, we encountered the resistance of two necklines (2805-2813), so we need to be wary of the risk of a correction. Even if we want to participate in new long transactions, we should wait patiently for a period of correction before considering it.
➡️Unfortunately, there was only a US$1 difference from our TP2 and the automatic reduction was not triggered, so we manually reduced our position by 30% and only retained 20% of our position. We are patiently looking forward to more.
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BITGET:ETHUSDT.P
ETH game plan for the weekThe price is in consolidation, with Unemployment Claims and Powell's statements ahead for the week; therefore, the setup is defensive.
Ethereum (ETH) Consolidation Continues, Potential Breakout AheadCurrent Situation:
Ethereum's daily chart remains unchanged as the price consolidates within its current range. The longer this consolidation continues, the larger the anticipated breakout could be.
Trade Position:
Currently positioned long on ETH, but traders should be cautious of a potential stop-hunt that might trigger a flush to the downside before the significant move occurs.
Key Level to Watch:
Support Level: $2,350 – This is the critical area to monitor if a downside flush happens.
Stay vigilant and prepared for potential volatility as the consolidation phase unfolds.
#Ethereum #ETH #Crypto #MarketAnalysis #TechnicalAnalysis #Cryptocurrency #Consolidation #SupportAndResistance #Breakout #Volatility
Ethereum Set for a Turnaround?Market activity for Ethereum (ETH) has been subdued, showing only a slight increase of 2.45% in price, now trading around the $2,600 level.
This kind of price behavior is typical when an asset is trading within a symmetrical triangle—a pattern characterized by converging diagonal upper and lower lines.
Previous instances of such trading patterns have often led to significant price movements, either upwards or downwards.
Momentum among Ethereum traders is increasing, as indicated by the Moving Average Convergence and Divergence (MACD).
This tool tracks the relationship between two moving averages of ETH’s price, helping to spot changes in momentum and direction.
Recently, the MACD signaled a bullish crossover, suggesting that buyers are actively entering the market and may continue to push the price upward.
Additionally, Ethereum’s momentum has been on the rise, with the MACD trending toward positive territory. This suggests a strong likelihood of continued price increases.
The Chaikin Money Flow (CMF) also supports this bullish outlook. It has been rising since the 18th of August, indicating that buying pressure was mounting.
If this trend persists, it could further propel ETH’s price higher to the $2,800 target.
#ETH is blocked by the downward trendline📊#ETH is blocked by the downward trendline❌
🧠Recently, ETH has been consolidating sideways since it reached the resistance zone. The differences are relatively large, the trend is not good-looking, and it is not standard, so I rarely pay attention to it. Only when we get out of this divergence area will trading become easier.
➡️The key watershed that can be seen at present is the downward trend line. Today is the third test. If it cannot successfully break through, then I hope to see the price move back to the buying zone below.
Let’s see 👀
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BITGET:ETHUSDT.P
Review ETH 23.8.2024Weekly review ETH 8.2024
With volume profile, you can select price level and key level to timing
Eth to $2700 TodayJust entered eth long.
I anticipate higher prices based on my trade plan.
I anticipate higher prices that $2700 for this week but I also expect the market to start correcting again at that point.
I'll update when I take profit.
Roughly 5.5 RR given trade works out
ETHUSDTETH ~ 1W
#ETH Maybe this is a fairly wide range area, but it cannot be denied. This is the accumulation zone for smart money.
If you want to follow the smart money, this is their accumulation area.
ETH bullish long term/bearish short time framesBearish Outlook: Looking at 200 MA and SuperTrend 30 ETH shows bearish down to next fib 38.20% (near $2133).
Bullish Outlook: Short term 1 day chart: Bullish signals for RSI bullish at rising 55 & MACD back in the green. Next fib up would be 61.80% (near $2860). The dotted lined descending price channel shows a critical point on Wednesday September 4th, 2024.
FED speech early Friday morning will set the pace moving into September.
ETH / 1h / 21.08.24Reason for entry:
1. Bos 1h
2. Momentum: 64 bar buyer, 73 bar seller
3. Capture liquidity (ssl 1d) in poi rb 4h
4. Pob 1h
Eth long breakout scalp to $2640Just entered eth long trade.
Am anticipating a fast breakout to $2640 area followed by a correction later to then continue higher.
Ethereum Eyes $2,725: Breakout or Fakeout?The 4-hour chart for ETH/USDT shows a promising setup as Ethereum hovers around the $2,600 mark, forming a potential reversal pattern. The price recently tested the $2,536 support level and has since shown signs of a recovery.
The key resistance to watch is at $2,725. A successful break above this level could confirm a bullish continuation, potentially driving Ethereum towards the $2,800 mark. However, if the price fails to maintain momentum above $2,600, a retest of the $2,536 support level could be in play.
The shaded blue area on the chart represents a critical decision zone where bulls and bears will battle for control. A move above $2,725 could ignite further buying interest, while a failure could result in a pullback.
Traders should monitor this level closely, as it will determine the short-term direction for Ethereum.
Ethereum | Critical Situation (Strong Opportunity Developing)There are many, many good altcoins right now, great buy opportunities and we should definitely focus on the positive side, but, we cannot ignore the Crypto-giants for too long.
👉 Money flowing out of Ethereum will flow to the smaller altcoins.
The situation with Ethereum is critical. While it dropped already almost 50% from its March 2024 high, there is still another ~40% drop, incoming, from current price.
Again, this is a positive development for the cryptocurrency market.
➢ Ethereum reaching lower prices will allow for many new participants to enter the space, and this is good.
➢ Ethereum moving lower will make it more affordable for developers to develop new projects; thousands and thousands of projects are being developed on the Ethereum network.
➢ Once the bottom is hit, a very strong LONG/bullish opportunity will develop, and this is all very good.
Ethereum's situation is critical according to this chart. It will be a flash crash and is likely to start this very same month.
Bitcoin sideways is needed for the altcoins to grow.
Ethereum is not Bitcoin, so it can go down and the market won't even know.
👉 Focus on the mid- to small cap. altcoins.
Look for the ones trading near support or at all-time lows; with these, you can't go wrong.
Those trading high up, as this pair is, ETHUSDT, stay away.
Only after the correction is over you can consider buying again.
This is just a friendly reminder.
This thing is going to crash.
Stay safe!
Namaste.
break down or rebound at support zone?Will this be a C wave going down and make 1:1 with the A. or we are done correcting and going to start the next impulse?
We are about to enter support zone, if we break it, I think we will head to 0.9 fib to 1.0fib
(2460.19 - 2434.15)
Since this is possibly the last corrective wave down, I am thinking, this can be either a
Wave C within the ABC of Wave 2
Or we are in sub wave 5th within Wave C, if we zoom out to let say 12hr chart.
Conclusion:
breaking below 2513 is my bear case (4 HR chart)
1st Bull case would be break 2698 and 100 SMA
2nd Bull case for a decent bull run would be break 2786 with potential rejection at 200 SMA (4HR Chart).
What do you guys think? Please share your thoughts.
