ETH is primed upRecord low volatility after two years of accumulation, ETH is looking like a powder keg ready to explode. Longby GarsonUpdated 1110
short by looking this very long now we can take a risk for short long term Shortby IzkeeersoPublished 3
ETHUSD Analysis.Trade Alert: ETHUSD Bearish Reversal Patterns 🚨 We have identified multiple bearish signals in ETHUSD, indicating a potential downturn: Head & Shoulders Pattern 👤 Double Top Pattern 🔃 RSI Bearish Divergence 📉 Entry Point: Place a sell stop at the break of the Higher Low (HL), specifically at the neckline of the Head & Shoulders and Double Top patterns. Target Prices (TP): TP 1: 📊 TP 2: 📊 Stop Loss (SL): Initially, place your stop loss above the Higher High (HH). Once the Head & Shoulders pattern completes, adjust the stop loss to be above the right shoulder or above the Lower High (LH). Trade Summary: Sell Stop: At HL break, neckline of H&S and Double Top TP 1: TP 2: Initial SL: Above HH Adjusted SL: Above right shoulder or above LH after H&S completion Technical Indicators: RSI is showing bearish divergence, further confirming the downtrend potential. Trade Type: Short Swing 📉 Good Luck! 🍀 Stay informed and trade smart! 📊Shortby Earn_withHassaanPublished 2
May.21-May.27(ETH)Weekly market recapLast week, the SEC unexpectedly approved the ETH ETF. Although it is still some time before the launch of the ETH ETF, the cryptocurrency market has entered a carnival. ETH started pumping, narrowing the gap with BTC in terms of gains. We believe that although the ETH ETF has been approved, the pledge utility of ETH will still make the SEC cautious about ETH. On the other hand, we saw last week that Donald Trump, the Republican candidate for the 2024 election, stated that he would accept donations from cryptocurrencies, support the development of cryptocurrencies in the United States, and ban CBDCs if the campaign is successful. This is also the reason why meme coins based on Trump have risen recently. If Trump eventually becomes President of the United States, cryptocurrencies will see an even bigger rise. ETH has performed well last week, with a price increase of nearly 30%, mainly due to the approval of the ETH ETF. Before last week's long green candle appeared, we can see from the MBF indicator that ETH's bottom-buying sentiment was sluggish. But after the ETF was approved, everything changed. On the WTA indicator, blue columns representing whales appear in groups, and trading volume also increases significantly. The wavy area of the ME indicator, which was about to turn into a bearish signal, has once again widened. For ETH, it is currently close to the high point of the year which is also a strong resistance level of 4000. In summary, we believe that the gradually increasing selling pressure will cause ETH to fluctuate this week. Based on the strengthening bulls, we raise the resistance level to 4000 and maintain the original support level 2800. 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.by SypoolPublished 1
$ETH Price Prediction 5/27/2024A bit of correction after price falls short of 4k. Look to hold support above 3685/50EMA if we drop below 20EMA. Further recovery is still expected which could begin at the start of next month. www.tradingview.comby CheddarBizcuitzPublished 1
Ethereum Eyes $3800 as Weekly Wedge Breaks: Bulls Charge ForwardEthereum (ETH), the world's second-largest cryptocurrency by market capitalization, is signaling a potential breakout after a period of consolidation. This technical upswing comes after ETH/USD decisively broke out of a well-defined weekly wedge chart pattern, raising hopes of a surge towards $3800. Understanding the Weekly Wedge Pattern The wedge pattern is a common chart formation used by technical analysts to identify potential trend continuations or reversals. In a rising wedge, two converging trendlines, one acting as support and the other as resistance, form a triangle-like shape. This price action often indicates a period of consolidation before a breakout. In the case of ETH/USD, the recent price movement formed a rising wedge on the weekly chart. The price action respected the trendlines for several weeks, suggesting indecision amongst buyers and sellers. However, a decisive break above the upper trendline signifies a potential bullish continuation. Bullish Sentiment Emerges The breakout from the wedge pattern is a bullish technical indicator for Ethereum. It suggests that buyers have finally overpowered sellers and are pushing the price higher. This could be the beginning of a new uptrend, with the upper target of the wedge around $3800 coming into focus. Several factors could be contributing to the renewed bullish sentiment surrounding Ethereum. The successful completion of the Merge, transitioning Ethereum from a Proof-of-Work to a Proof-of-Stake consensus mechanism, could be a key driver. This upgrade is expected to improve scalability, security, and energy efficiency for the Ethereum network in the long run. Indicators Support the Breakout Technical indicators on the weekly chart are also aligning with the bullish breakout. The Relative Strength Index (RSI) is currently hovering around 60, indicating neither overbought nor oversold conditions, leaving room for further upside potential. Additionally, the Moving Average Convergence Divergence (MACD) has generated a bullish crossover, suggesting a potential shift in momentum towards the upside. Potential Roadblocks and Considerations While the technical indicators are flashing bullish signals, it's important to acknowledge potential roadblocks that could derail the ETH/USD rally. The overall health of the cryptocurrency market and broader economic conditions will significantly influence Ethereum's price movement. A resurgence of regulatory scrutiny on the cryptocurrency industry or a broader market sell-off could lead to a pullback in ETH's price. Additionally, unforeseen technical challenges related to the Merge or delays in Ethereum's scaling roadmap could dampen investor sentiment. What to Watch Out For Traders and investors should closely monitor key price levels and technical indicators to gauge the strength of the breakout. If ETH/USD can hold above the broken resistance line of the wedge pattern, it would be a positive sign for the bulls. Conversely, a drop back below the trendline could signal a potential breakdown and a return to the consolidation phase. The trading volume associated with the breakout will also be crucial to watch. High volume breakouts are generally considered more reliable than those with lower volume, as they indicate stronger conviction from buyers. Conclusion The breakout of ETH/USD from the weekly wedge pattern is a welcome development for bulls. While the upper target of $3800 remains in sight, continued investor confidence, healthy market conditions, and successful implementation of Ethereum's roadmap will be essential for the bulls to maintain control. As always, proper risk management and close monitoring of technical indicators are crucial for navigating the ever-volatile cryptocurrency market. Longby bryandowningqlnPublished 0
ETHEREUM DAILY ANALYSISHello traders, here is an analysis of Ethereum for the next coming days as you can see the price has been bullish for the past weeks and now it has reached a level of resistance(blue zone) that the price tested multiple times and that will be the key for this analysis because now I will wait for the price to break that level of resistance and retest it then I will look for long opportunities. Longby dlaminisyaPublished 0
ETH whales low volume signal has appeared! WHALES LOW VOLUME now put into action. Next is to wait until ETH WHALES say they’re ready to plunge. Whales low volume means BULL is ready to BULL RUN. Next move is to wait. Price target $3,900 Longby The_ForexX_MindsetUpdated 2213
Ethereum downside or breakout?Watching Ethereum (ETH) closely after it reached a high of $3,040 on a 4-hour timeframe chart today. If support at $2,923 crumbles. A break below this level could send ETH down to $2,874. However, there's also a chance for a breakout on the upside. If Ethereum can overcome resistance at $3,100, it could surge towards $3,160 or even $3,200.by Z4F4RUpdated 1113
ETH GARTLEY 2500 INCOMINGHere is an epic "potential" eth Gartley. Aiming for a late June/July bottomShortby Cerberus6Published 222
ETH IS IT POSSIBLE?I see lot of greeds around ETH, and i think we can see something similar as the BTC ETF event. A shakeout and a drop can likely happen, and it would be a gift if the price can drop till $3.300, a level that looks solid for a possible bounce. Main trend is bullish and actually there are no reason to look for a shortLongby SaliJournalPublished 114
We are expected to return to 3500, we are going higherTo date, the market has reached another turning point, let's look at further prospects. The goal of returning above 3500 on the air was successfully fulfilled against the background of the opening of the quarterly candle above the level, however, the second half of the quarter opened in a negative zone, which will support sellers as they approach the end of the quarter and everywhere above 3500. At the moment, sales from 3750 were successfully bought off on Thursday, because at the moment they are premature. With the opening of a new monthly candle, sellers' activity will increase against the background of the opening of the second half of the quarter below 3000, which will lead to increased volatility and market disruptions. Today, the probability of continued growth prevails in two scenarios. The opening of a new month in the range of 3500-3750 will allow testing 4500-4750 in the current quarter, from where a significant pullback is most likely up to a retest of 3000. In a more optimistic scenario, the new month will open above 4100, which will allow stable growth to continue until the 5000-5250 test. A significant cancellation of purchases and a market drawdown can be expected only at the opening of a new month below 3400, for which there are not yet sufficient arguments. Since the last week of the month for the tops opened above key levels, which gives a consolidation of growth and a high probability of maintaining purchases until the end of the quarter, active purchases on many altos can be expected this week with continued growth in the new month. So far, vib remains the most suitable tool for investing in the average market, with a growth potential of up to 0.150-175 at least and up to 0.25-50 in the case of an increase in ether to 4500. The main threshold level for accelerating purchases remains 0.1. OAX continues to show good volatility with growth waves of 20-40%. The growth potential remains at least 0.35 retest, which gives reason to maintain volatility with a further trend. Weaker projects are also interesting for scalping, but they are in an extremely oversold position, such as ooki pros and cvp with a growth potential of up to 150% from current levels. While maintaining positive dynamics in the tops, epx for and vgx can show growth of up to 30-50% from current levels.Longby Strateg_Published 1
$ETH retest of low $2ks before higher?While Ethereum looks bullish over the longer term, price would need to break above the two lines of resistance for the chart to stay bullish. If price rejects here, we risk a double top which would send price back to the low $2000s. I'm leaning towards a rejection as the base case here as sentiment is pretty extreme to the bullish side. Let's see what happens over the coming weeks.Shortby benjihyamPublished 112
ETH updateAt this moment and in given time frame Target is 4020. Overall - All time High is on the way! Good Luck!by sunmikeePublished 114
ETH Short on 15m. Head & shoulderNice Head & shoulder formed on on ETH We also have a divergence with BTC where ETH made a lower higher and BTC made a higher high The thing is BTC has just grabbed liquidity and is heading to the downside now. Target the distance of the H&S to the downside which align to a strong supply zone Shortby ThinkcryptoPublished 0
ETH 2.0Where have you been on Monday 05 December 2016 ? Everything is in Chart. Happy Tr4Ding !by thecryerUpdated 141430
ETHUSD. Short-termShort-term targets are at $4168, if we see a price drop to $3517, the low of wave 4, this forecast will change. More discussions on cryptocurrencies in the closed channel. Longby Financial_WavePublished 112
ETH pullback? Eth appears to be at resistance and also I’m seeing some unusual amounts of eth being transferred to exchanges. Personally looking for price to move towards 2100-2500. THIS IS NOT FINANCIAL ADVICE Shortby SpaceCadetAcademyPublished 113
ETH bullBINANCE:ETHUSD Orange dotted - positive change in long term trending Blue solid line - best case short term bull trend Short Term Bull (60 day) + US Regulatory change of sentiment + ETH approved but not yet trading + Underpriced to other cryptos in last 90 day + 20% past climb on approval is relatively small Mid Term neutral (60-180 day) - Greyscale outflows - Potential for large dip Long Term Bull (180+) + ETF approval for other cryptos appears around 2-3 years off making BTC and ETH able to breakaway in market dominance. Longby straitedgePublished 225
ETHUSD Will Go Lower From Resistance! Sell! Please, check our technical outlook for ETHUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 3,752.5. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 3,510.9 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 224
ETH weekly flag breakoutafter retrace for weeks. finally see a weekly bullish Price Action. with flag formation BO price projection, next resistance at $5000. Longby EL_STOCKTROOPERPublished 115
Ethereum- Nice bullish chart structure indicates 5kLike BITSTAMP:BTCUSD and much of the crypto market, COINBASE:ETHUSD is also in a strong uptrend. A correction began in March and concluded at the beginning of May. After breaking out of the corrective falling wedge, the price rose again to the 4k zone, with a high likelihood of breaking above this important level at this moment If this occurs, I expect Ethereum to reach a new all-time high around 5k or even higher. I remain bullish as long as the price stays above 3.5k. Longby Mihai_IacobPublished 8
Is it happening? ETH about to break $3.950.00ETH hitting a resistance, but after the approval for an ETH ETF related is just a matter of time of this and other crypto coins to rise in value, ETH and BTC now we can thing of them as a real idea for digital currencies, in my opinion, ETH will break $4k soon.Longby tecnicoforexPublished 0