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ETHBULLUSDT trade ideas

ETHUSDT.1DAnalyzing the ETH/USDT chart on a daily timeframe, we see a volatile and somewhat bearish trend emerging over the past few months. Here's a detailed breakdown of the chart, highlighting key resistance and support levels, along with insights from the MACD and RSI indicators. Key Observations: Trend Analysis: Ethereum has displayed a series of lower highs and lower lows since peaking, indicating a bearish trend. The trendline (R1) has consistently acted as a resistance, and the price is currently testing this line, suggesting a critical juncture. Support and Resistance Levels: Resistance Levels (R2 and R3): R2 at $3,043 and R3 at $4,105.80. These levels represent potential upside barriers in the event of a price reversal. Support Level (S1): The significant support level is at $2,126.90. This level has historical relevance as a pivot point for price actions. MACD Indicator: The MACD line is currently below the signal line and both are trending downward below the zero line, which traditionally indicates bearish momentum. However, the histogram suggests that the negative momentum is slowing, possibly pointing to an impending stabilization or reversal. RSI Indicator: The RSI is around 36, which is nearing the oversold territory. This could indicate that the selling pressure might soon exhaust, offering potential for a bullish reversal if other factors align. Technical Analysis and Conclusion: The Ethereum market appears to be at a critical stage. The proximity to the major support at S1 and the nearing oversold conditions suggest that we could see a short-term reversal if the support holds. Investors and traders should watch for any bullish reversal patterns or a break above the trendline R1 as potential signs of a change in momentum. However, a break below the support at $2,126.90 could lead to further declines, with the potential to test much lower levels, given the absence of immediate visible support below S1 on the chart. Trading Strategy: For Bullish Traders: Look for confirmation of a support hold at S1 and a potential bullish reversal pattern or a break above R1. If entering a long position, consider setting stop-loss orders below S1 to manage risks. For Bearish Traders: Monitor for a sustained break below S1. If this occurs, consider entering short positions with a view to capitalize on further declines. Place stop-loss orders just above the most recent highs to limit potential losses. As always, it's crucial to consider external factors such as market news, overall crypto market trends, and economic indicators that could influence Ethereum's price movements. Stay updated and adjust strategies accordingly.
by MarsSignals
1
ETHUSDT Bearish or Bullish? BINANCE:ETHUSDT ETH is definitely the weakest of the 3 majors (BTC, ETH, SOL) However, I am seeing way too much bearishness on ETH, which is warranted due to its piss poor price action, but that does not mean it is going to teleport down to sub 2k. Signs of over bearishness: - OI divergence and finding support at previous areas (price is lower but OI is the same as it was back in April and May 2024) - Funding rates in the negatives or near zero (more shorts than longs) I do not believe ETH will moon or out pace BTC or SOL. But I do think this increased bearishness has swung too far in one direction and when that happens it typically swings back hard in the other direction. ETH definitely needs more time to stomach this recent sell off but even if it retests 2200 again I think a bottom is close or in. There is more liquidity sitting at prices higher above. I expect ETH to eventually take out 2900 and then come back to 3300 and 3500 by at least EOY. Let's see what happens. Good luck to the shorts heading into election season.
Long
by bhx10
1
Price Correction from the Resistance ZoneEthereum is currently within the $2600 to $2700 resistance range. This range is recognized as a significant resistance that might halt the current upward trend and initiate a downward movement. Potential Scenarios: Price Correction from the Resistance Zone: If Ethereum fails to break through the $2600 to $2700 resistance range, a price correction towards the $2500 and $2400 support levels is likely. These levels could act as key points for a potential price reversal and continuation of the downward trend. Breaking Resistance and Continuing the Uptrend: If Ethereum can break through the $2700 resistance and stabilize above it, this move could indicate the continuation of the uptrend, with the price moving towards higher levels.
by MonoCoinSignal
1
Ethereum ETH price completed its correction, and next growth?Here is a global wave analysis of the OKX:ETHUSDT price After the launch of #ETHETF, the price correction of CRYPTOCAP:ETH has started After launch, #BTCETF was similar to the CRYPTOCAP:BTC price. Well, this is logical, because large funds need a trading volume to purchase a large position and preferably as cheaply as possible. The probable correction wave (4) was 0.5 of the previous wave (3) Now the main task is to keep the OKX:ETHUSDT price in the range of $2250-2550 Well, and from this zone can start the growth wave (5) with the goal of at least $5950-6000 per CRYPTOCAP:ETH _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
2
Ethereum's Boring Price ActionFor the past 12 days, Ethereum (ETH) has been stuck in a $200 range. * Support: $2,550 * Resistance: $2,750 In fact, if you look at the price from 12 days ago, it’s almost identical to what it is now. Simply put, the last 12 days have been boring and, some might say, pointless. But before we get too frustrated, let’s remember: this kind of price action is pretty normal. In the crypto world, markets range sideways 70-80% of the time. So, what’s causing this? 1️⃣ Market Consolidation: After a big move—like the sharp drop Ethereum experienced at the beginning of August—the market often takes time to consolidate. During this period, prices move sideways as traders and investors reassess their positions. 2️⃣ Volatility and Liquidity: Even though ETH and other cryptos are known for their volatility, that volatility often comes in short, intense bursts. The rest of the time, prices stabilize within a range. However, trader impatience is a hidden danger in this kind of prolonged consolidation. When the market is stuck in a range for too long, traders can start to see opportunities where none exist. This often leads to entering risky trades, only to be stopped out when the real price action finally kicks in. So, what should you do? Watch and Prepare. This is the time to strategize for the breakout. Be ready for movement in either direction. Select your most promising tokens, and nail down the key details—like entry points, stop losses, and more.
by ben_walther
1
ETH/USDT Weekly Chart Update !!ETH/USDT is currently testing key resistance levels within the descending channel. A breakout above $3,050 could lead to a retest of higher resistance areas around $3,850. The 100MA near $2,150 has provided strong support, and the price needs to be above this level to maintain the bullish momentum. Traders should keep an eye on volume confirmation and price action near these crucial levels. This update provides a concise analysis of the ETH/USDT weekly chart, focusing on key support and resistance levels, moving averages, chart patterns, and volume considerations. Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
by CryptoSanders9563
1
ETHUSDT Current Position (August 18, 2024, 12:00): The market is at a resistance level around 2,665.00. This area could signal either a pullback or a breakout, depending on market sentiment and external factors. Next Key Times: August 20, 2024, 06:00: This time point may represent a moment of potential reversal or continuation of the current trend. August 23, 2024, 01:00: This could be a critical period, where a major movement in either direction may occur. August 24, 2024, 16:00: A point to watch for further developments. August 25, 2024, 11:00: This point could indicate a stabilization or another shift in the market's direction. Interpretation: Upward Potential: If ETH/USDT breaks the current resistance and continues upward, it could reach the 2,690.00 mark or higher. This would likely align with positive developments or market optimism. Downward Risk: Failure to break above resistance may lead to a test of the lower support around 2,600.00 or lower, with potential significant drops around the key timeframes identified.
by trushkovskiy
1
ETH/USDT Outlook ICT ConceptsETH/USDT Analysis 💰 Welcome to Your Channel! Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on ETH/USDT, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains. 💡 Previous Analysis Review: In the previous analysis, we anticipated a sweep of the Sell-Side Liquidity (SSL), but instead, the market created Equal Lows (EQL) near the SSL, forming a key liquidity level. This development alters the market's potential direction and opens up new scenarios. 📍Current Market Overview: • Current Price: ETH/USDT is trading at 2,653.01, having recently swept the Previous Week High (PWH). Key Levels: • EQL: Positioned near 2,560.00, forming a significant support and liquidity zone. • BSL (Buy-Side Liquidity): The recent sweep of the PWH suggests a potential revisit to this BSL zone. • 4H FVG: The Fair Value Gap above the current price acts as a resistance, capping further upside unless a significant breakout occurs. 🔍 Identifying Key Levels • PMH (Previous Month High): 3,600.00 • PWH (Previous Week High): 2,740.00 • PML (Previous Month Low): 2,560.00 • SSL (Sell-Side Liquidity): 2,310.00 • BSL (Buy-Side Liquidity): 2,740.00 • 4H FVG: Near the BSL zone, offering potential resistance. 📊 Key Considerations • Equal Lows (EQL): The creation of EQL near the SSL indicates strong sell-side liquidity. This could attract future bearish interest, making it a critical level to monitor. • Sweep of BSL: After sweeping the PWH, another sweep of the BSL is likely, leading to a potential expansion lower targeting sell-side levels. • Sell-Side Target: The key downside targets include the SSL levels below 2,560.00. If these are taken out, the bearish scenario could extend towards the SSL at 2,310.00 or lower. 📈 Bullish Scenario For any bullish scenario to materialize: • Break Above BSL: A clear break and close above the BSL (near the 4H FVG) is required. This would invalidate the bearish outlook and suggest a continuation higher. • Sweep of Sell-Side Levels: The market must take out the EQL and SSL to remove the bearish pressure and open up higher targets. 📉 Bearish Scenario A bearish scenario is more likely if: • Rejection at BSL: After sweeping the PWH, a failure to break above the BSL (4H FVG) could lead to a significant move lower. • Expansion Lower: Following the BSL sweep, an expansion lower targeting the SSL and EQL is expected. This would align with the market's current bearish structure. 📊 Chart Analysis Summary • Bullish Expectation: Requires a clean break above the BSL, with the sell-side liquidity being taken out first. • Bearish Expectation: Anticipating an expansion lower after sweeping the BSL, targeting key sell-side levels. 📝 Conclusion: The market's creation of EQL near the SSL has introduced a strong bearish outlook, particularly after the recent sweep of the PWH. A sweep of the BSL followed by a move lower is expected, but for any bullish scenario, the sell-side levels must first be taken out. 🙏 Thank you for joining us! Exploring ETH/USDT today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning! ⚠️ Disclaimer The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
by RealArmin
1
Important section: 2531.05 ~ 0.382 (2647.88)Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- The key is whether the M-Signal indicator on the 1M chart can rise above and maintain the price. To do so, we need to check whether it can rise along the rising trend line during the volatility period starting around the week of August 19. If not, and it falls below 2531.05, there is a possibility that it will fall again to around 2159.0, so we need to think about a countermeasure for this. - Currently, the StochRSI indicator has entered the oversold zone and is maintaining the status of StochRSI < StochRSI EMA. Therefore, it is important to see if it can be supported around the 2531.05 ~ 0.382 (2647.88) section. Therefore, it is recommended to proceed with a purchase when the StochRSI indicator is out of the oversold section and StochRSI > StochRSI EMA. However, since the current chart is a 1W chart, it is possible that it has shown a lot of increase when the above situation occurs. Therefore, you should check whether there is support in the section (2531.05 ~ 0.382 (2647.88)) and see if you can proceed with a split purchase. - If you compare the current flow with the past flow, it seems to be showing a movement corresponding to around May 9, 2022. However, the current situation is a bit different from that time. When it was around May 9, 2022, there was a decline in USDT, but currently, USDT is showing an increase. Therefore, I think it is showing a different flow than before in that it is time to find a time to buy even if it falls further than the current price, not a time to find a time to cut losses. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will start when it rises 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: 13401.28 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 readCrypto
#ETHUSDT Time to Buy?🔸Following the market crash in August 3, ETH fell by 37% from $3,639 down to $2,150. The pair has since pulled back by 30% currently sitting at $2,613. 🔹While Bitcoin recently reached a new ATH, ETH on the other hand only reached $4,000, $800 lower than it's ATH. This makes this recent price fall a lucrative price to buy for long-term holders specially the current price at $2,610 and the $2,150. 🔸There has been a significant increase in both staking and restaking of ETH, which supports Ethereum's proof-of-stake (PoS) consensus mechanism. EigenLayer, a restaking platform on Ethereum, saw an 11% increase in its total value locked (TVL) in one week, signaling growth in the restaking market. 🔹Positive fundamentals followed by a overall market recovery would reignite the bullish movement and push the price up above the 0.61 ($2,903) from there the next significant price levels to watch out for would be the 200 MA (3,240), $3,600 and $4,100. 🔸On the other hand, further bearish momentum in the crypto market in the short-term could send the price down to $2,150 which still wouldn't change the overall bullish trend However, if the price drops below this level, it could signal a potential shift in market trend, leading ETH into a prolonged downtrend or bear market. Zanzibar Trading
Long
by Zanzibar_Trading