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Consolidation Phase: Indecision Before the Next Breakout?Can Ethereum make the next headlines again? 🌐🚀 ETH/USD Consolidation Phase: Indecision Before the Next Breakout? 🔄💪 In this latest analysis, we’re seeing significant developments in the ETH/USD market that could set the stage for a major move upwards. Let’s dive into the details: 🟢 March 2022 Triangle: Back in March 2022, we saw a massive triangle pattern as the price searched for direction. Eventually, ETH broke to the upside, marking a pivotal move. 📝 ETF Approval Effect: Fast forward to the ETF approval, Ethereum faced strong rejections at the $4,000 and $3,900 levels. This caused a retracement, but it found strong support at the 0.5 Fibonacci level. This rebound from $2,300 to $2,800 was swift, signaling renewed bullish momentum. 🔺 Breakout Potential: The current price action indicates that ETH is attempting to re-enter a crucial wedge pattern. A successful breakout above the resistance zone could lead the price to test $3,640 and even higher levels in the coming sessions. 📊 Open Interest & Market Sentiment: Recent data shows that open interest in ETH futures across various exchanges is currently sitting at approximately $4.79 billion. This strong open interest across multiple platforms suggests that both retail and institutional traders are heavily engaged in the Ethereum market, with significant capital tied up in futures contracts. The robust open interest is a positive sign that there is a lot of attention on ETH, particularly as it attempts to break out of its current consolidation phase. Current Situation: Sideways Consolidation: After a significant rally, ETH is now consolidating in a sideways range between the $2,300 support level and the $2,900 resistance level, labeled as the area between the 0.5 to 0.168 Fibonacci levels. Market Psychology: This phase typically indicates indecision in the market. Buyers and sellers are battling for control, but neither side has been able to push the price significantly above or below this range. This kind of consolidation often precedes a breakout, so keep a close watch on these key levels! A surge in open interest often precedes significant price movements, and with Ethereum currently on the cusp of key technical levels, we could see a strong move in either direction. However, the overall sentiment leans bullish, especially if we see a push through the $2,828 breakout level. Moreover, the ETH funding rates and liquidation data indicate a relatively stable market with balanced long and short positions, reflecting ongoing market indecision. Traders should watch for any shifts in funding rates, which could signal a change in momentum. Keep an eye on these developments and manage your risk accordingly as we could be headed for an exciting period of price action! One Love, The FXPROFESSOR 💙 Short term:
BITSTAMP:ETHUSDLong
by FX_Professor
2
Will Ether Rebound After the August 7th Death Cross?Disclaimer: This article is intended for informational purposes only and should not be construed as financial advice. Cryptocurrencies are highly volatile assets, and investing in them carries significant risks. On August 7th, 2023, Ethereum (ETH) experienced a death cross, a technical indicator where the 50-day Simple Moving Average (SMA) crosses below the 200-day SMA. Historically, this pattern has often signaled bearish trends, leading many investors to question the future trajectory of Ether. Understanding the Death Cross Before delving into the potential rebound, let's clarify what a death cross signifies. It is a technical analysis tool that suggests a potential downward price movement. However, it's essential to remember that it's not a definitive predictor of future price action. Market conditions, fundamental factors, and other technical indicators should be considered alongside the death cross. Factors Influencing Ether's Recovery Several factors could influence whether Ether can rebound from the August 7th death cross: 1. Market Sentiment: The overall cryptocurrency market sentiment plays a crucial role. If the broader market experiences a bullish trend, Ether might benefit from the positive momentum. Conversely, a prolonged bearish sentiment could hinder its recovery. 2. Regulatory Environment: Regulatory clarity and favorable policies can significantly impact cryptocurrency prices. Positive developments in the regulatory landscape could boost investor confidence and drive Ether's value upward. 3. Network Developments: Ethereum's network upgrades and advancements, such as the transition to proof-of-stake, can influence investor sentiment and demand for ETH. Positive developments in this area could support a price rebound. 4. Institutional Adoption: Growing institutional interest in Ethereum can provide price support and drive demand. Increased adoption by large financial institutions could contribute to a bullish trend. 5. Macroeconomic Factors: Global economic conditions, interest rates, and inflation can impact investor risk appetite and cryptocurrency prices. Favorable macroeconomic factors could create a positive environment for Ether's recovery. Technical Analysis: Beyond the Death Cross While the death cross is a notable technical indicator, it's essential to consider other technical analysis tools to assess Ether's potential rebound. These may include: • Support and Resistance Levels: Identifying key support and resistance levels can help determine potential price targets for a rebound. • Relative Strength Index (RSI): The RSI can indicate whether Ether is oversold, which could suggest a potential buying opportunity. • Moving Average Convergence Divergence (MACD): The MACD can provide signals about changes in momentum, helping to identify potential trend reversals. Cautious Optimism It's important to approach any prediction about Ether's rebound with caution. The cryptocurrency market is highly volatile, and past performance is not indicative of future results. While a rebound is possible, it's equally likely that Ether could continue its downward trend or experience sideways consolidation. Investors should conduct thorough research, consider their risk tolerance, and diversify their portfolios before making any investment decisions. Stay informed about market developments, technical analysis, and fundamental factors to make informed choices. Ultimately, the success of a rebound depends on a combination of technical, fundamental, and market factors. While the death cross is a significant event, it's just one piece of the puzzle. By carefully analyzing various indicators and considering the broader market context, investors can make more informed decisions about their Ether holdings.
COINBASE:ETHUSD
by bryandowningqln
1
The market sentiment was more depressed.The US July CPI data was slightly lower than expected, hitting a new low since March 2021, which is widely believed to further push the Fed to cut rates in September, with current market expectations expecting a 25BP rate cut. Both the U.S. stock market and crypto market fell along with the data, with ETH falling the most significantly, by more than 4%.After the ETF was passed, ETH price was extremely weak, leading the way in the decline, with a very weak rebound. From the options data, short-term IV declined further, skew favored put options, Block trading was less, the main transaction was selling forward deep OTM calls, the market sentiment was more depressed.
BITSTAMP:ETHUSDLong
by Greeks_live
ETH/USD Rebounds, Targets 1M Pivot PointHello Everyone, ETH/USD recently hit a six-month low at 2116.02, where the 1-year Pivot Point (PP) provided strong support, helping the price rebound. Currently, there's a significant possibility that the 1-day Support could be tested again, but the overall bullish outlook remains promising. The next key move is a continued push towards the 1-month PP, with the goal of establishing a stable position above it. TradeWithTheTrend3344
BITSTAMP:ETHUSDLong
by TradeWithTheTrend3344
ETH/USD Ethereum Market Robbery Plan on Bullish DirectionMy Dear Robbers / Traders, This is our master plan to Heist ETH/USD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent Swing Low Stop Loss : Recent Swing Low using 2h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style
BITSTAMP:ETHUSDLong
by Thief_Trader
Aug.6-Aug.12(ETH)Weekly market recapCrypto market lose power after rebound. BTC had a significant decline for a period of time after the ETF was announced. But after 15 days, sufficient liquidity brought an increase that repaired the decline. It has been two weeks since the ETH ETF was listed. After excluding the impact of grayscale, we have seen that traditional funds are also flowing into the ETH ETF. CPI data for July will be released on Wednesday. We believe that if CPI falls further, it will give risk assets such as BTC and US stocks an upward momentum. We do not believe that the recession started on August 2, when the employment data was released. Therefore, if the CPI data falls further, the market will not panic about recession, and will price further interest rate cuts. We believe that a large amount of spot ETH being staked will increase volatility. When ETH is dumped, the volatility does amplify, but it is far less than other tokens during the rebound. This is not a good phenomenon. As we mentioned above, the ETH ETF has been listed for two weeks, and there is every reason to believe that the sell the news phenomenon is over. The bulls' performance has been disappointing. Like BTC, we saw the emergence of whales when ETH dumped. The whale disappears after a day and does not continue to participate in trading. Judging from the ME indicator, ETH has entered a bearish trend, and the wavy area has further widened. To sum up, we believe that ETH will remain fluctuating this week, and the probability of falling is greater than rising. We maintain our original resistance level 2800 and support level 2400. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
COINBASE:ETHUSD
by Sypool
Bearish reversal?Ethereum (ETH/USD) is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support which has been identified as an overlap support. Pivot: 2,807.45 1st Support: 2,538.15 1st Resistance: 3,086.37 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:ETHUSDShort
by ICmarkets
ethusd buyHere’s a bullish technical analysis for ETH/USD on the H4 timeframe: Technical Indicators Trendline Support: ETH/USD is currently respecting a rising trendline, indicating strong support and potential for further upward movement1. Fibonacci Retracement: The pair has retraced to the 38.2% Fibonacci level, which often acts as a strong support zone in an uptrend1. Bullish Divergence: The RSI is showing bullish divergence, suggesting that the bearish momentum is weakening and a reversal to the upside could be imminent2. Key Levels Resistance: 2000 Pivot: 1900 Support: 18001 Moving Averages The 50-period EMA is currently below the 200-period EMA, but the gap is narrowing, indicating a potential bullish crossover2. RSI The RSI is approaching the 50 level from below, which could signal a shift in momentum if it crosses above
COINBASE:ETHUSDLong
by Mansa_Musa_Capital
Ethereum (ETH) Faces Critical Resistance After Market DownturnMarket Sentiment: Last week started with a sharp downturn across various markets, including cryptocurrencies, leading to some of the most negative sentiment for Ethereum in years. Key Challenge: Ethereum CRYPTOCAP:ETH has broken below the crucial support zone of $2,600-$2,900, which has now turned into a major technical resistance. Closing below this level could allow the bears to maintain their technical edge. Signs of Optimism: Despite the negative sentiment, last Monday's candlestick showed a strong retracement from the October 2023 lows. Ethereum briefly dipped below the downside target of $2,300-$2,400 but quickly rebounded, suggesting this area might have been a temporary bottom. Looking Ahead: For Ethereum to regain bullish momentum, it needs to reclaim and close above the $2,600-$2,900 resistance zone. Until then, the bears still hold a slight advantage, but the recent market reaction offers hope for a potential recovery. Key Levels: Resistance: $2,600 - $2,900 Support: $2,300 - $2,400 #Ethereum #ETH #Crypto #MarketAnalysis #TechnicalAnalysis #Cryptocurrency #SupportAndResistance #Bearish #Bullish #Rebound #MarketSentiment
COINBASE:ETHUSD
by Richtv_official
ETHUSD ( SENSITIVE AREA ) ( 4H )ETHUSD HELLO TRADERS currently price between two turning level by breaking each level determine the direction , for know the price trading above turning level (2) at 2,412 , remain this level it will be attempt to reach a turning level (1) at 2,527 . Tendency, the price inside two turning level around ( 2,412 & 2,527) . Upward Zone : in order see increase , the price need breaking turning level (1) at 2,527 , by closing 4h candle above it , easily to reach a resistance level (1) around 2,812 , remain this level indicates the price trying to reach of a resistance level (2) at 3,114. Downward Zone: by breaking turning level (2) around 2,412 , the price dropping to reach a support level (1) at 2,209, to confirm downward , gold need breaking support level (1) by open 4h candle below it to reach a support level (2) at 2,046 . TARGET LEVEL : RESISTANCE LEVEL : 2,812 , 3,114 . SUPPORT LEVEL : 2,209 , 2,046 .
BITSTAMP:ETHUSD
by ArinaKarayi
(Update) !!! ETH Daily Chart Analysis : Bull or Bear ? (READ)BINANCE:ETHUSDT ✨After the fifth bullish wave, ETHUSDT has completed his corrective waves (ABC) , now it is time to start the five bullish waves ,now finished first wave and ETH is in the Megaphone. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:ETHUSD
by CobraVanguard
5