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ETHUPUSDT trade ideas

Ethereum price rise might give green light to the new altseasonHello traders, Ethereum price started to recover after a prolonged fall. Ethereum recovery is on early stages and at the moment it's need more confirmations. ETH price slowly approaching its main resistance to date and it will be big test if the price manages to rise above it or not. In case if ETH manages to breakout above 3000 resistance area and hold there then we can expect continuation of the uptrend. But in case if ETH price fails to do so then we probably will see another correction to around 2400 area. I don't expect this correction to last long though. As we are approaching Q4 2024 I expect overall crypto market recovery and the main drivers of this recovery should be Bitcoin and Ethereum. One more thing, historically, every altseason begins from ETH price recovery and growth of ETH dominance, after that liquidity start to flow to other altcoins. I expect this to be true in Q4 2024. Please, do not forget to boost this idea and leave your comments below, thanks.
by Real_CryptoRoy
11
ETHEREUM - 1H Elliott Wave AnalysisGreetings, this is my primary ETH scenario. We consider that blue Wave 4 has been finished with a WXY correction and we are starting a move up in blue Wave 5 now. The first targets for the move up are the 1.236 FIB at 3551 USD, the 1.38 FIB at 3632 USD and the 1.618 FIB at 3716 USD relative to the current blue Wave 4. If we measure the targets for blue Wave 5 using blue Wave 1 we get the 1 to 1 extension at 3681 USD which is close to the previously mentioned target at 3716 USD. Further extensions for blue Wave 5 would be the 1.236 FIB at 3841 USD, the 1.38 FIB at 3939 USD and the 1.618 FIB at 4100 USD. Noteworthy is that the 1.618 FIB extension at 4100 USD is right above the previous ATH at 4098 USD. Be aware that we could get a deeper blue Wave 4 if the WXY correction was only Wave A of a bigger ABC correction marked in orange here. A break below 2800 USD would indicate a reset of Wave 4 of a bigger Wave degree and could lead to a retest of the Trendline at the bottom. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro
Whether it can rise above 3265.0-3321.30 is the key Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (ETHUSDT 1D chart) What we should be interested in is whether it can rise above 3265.0-3321.30. Also, since the StochRSI indicator seems to have touched the oversold zone, whether it can receive support near 3039.57 is also the key. - If it falls below 3039.57, 1st: 2895.47 2nd: 2666.70 We need to check if it can be supported near the 1st and 2nd above. - If it rises above 3265.0-3321.30, I think it is highly likely that the upward trend will continue to renew the ATH. However, it is expected that the first hurdle will be whether it can break through the 3438.16-3644.71 range. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems that it has been maintaining an upward trend following a pattern since 2015. That is, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend. Accordingly, the uptrend is expected to continue until 2025. - (LOG chart) As you can see from the LOG chart, the uptrend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. How to view and respond to this is up to you. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 1st : 44234.54 2nd : 61383.23 3rd : 89126.41 101875.70-106275.10 (Overshooting) 4th : 134018.28 151166.97-157451.83 (Overshooting) 5th : 178910.15 -----------------
by readCrypto
Comprehensive Analysis of ETH/USDT: Key Levels and MomentumEthereum (ETH/USDT) shows multiple signals supporting a bullish trajectory, with several technical patterns aligning to bolster future price action. The focus remains on critical levels and diverse technical structures that work together to guide market movement. Integrated Technical Patterns: Symmetrical Triangle: The price is trading within a symmetrical triangle, signaling a consolidation phase before a potential strong move. Key Levels: Resistance at $3,442.50. Support at $3,069 - $3,220. Breakout Scenario: Breaking above resistance could drive the price toward $3,500 - $3,600 initially, then $3,800 - $4,000. Cup and Handle: The price is forming a "cup," with the "handle" shaping near resistance. Pattern Confirmation: A breakout above $3,442.50 validates the cup and handle. Projected Target: Levels around $3,800 - $4,000. Inverse Head and Shoulders: This pattern is visible with: A head forming the deepest low. Two symmetrical shoulders on either side. Neckline: Resistance at $3,220 - $3,442.50. Pattern Confirmation: A breakout above the neckline could push the price toward $3,600 - $3,800. Target: Measured by the distance between the head and neckline added to the breakout point. Bullish Flag: After a strong upward move, the price is consolidating in a tight descending channel, indicating a bullish flag. Pattern Confirmation: Breaking resistance at $3,442.50 confirms the flag. Projected Target: Levels around $3,600 - $3,800, matching the length of the preceding move. Updated Support and Resistance Levels: Support: $3,069 - $3,220: Strong support at the lower boundary of the triangle. $2,962 - $2,817: Critical support zone for short-term buyers. $2,784: A key short-term support level. $2,650 - $2,700: A deeper support zone that has previously attracted strong buying interest. $2,500 - $2,550: A historical support level that provides stability during significant pullbacks. $2,150 - $2,200: A long-term support zone. $2,000: A psychological level that may act as the final defense in a steep bearish scenario. Resistance: $3,442.50: Current resistance and the key to any bullish continuation. $3,500 - $3,600: A short-term target after a confirmed breakout. $3,800 - $4,000: A medium-term target derived from technical patterns. Liquidity and Momentum Analysis: Liquidity: The price recently swept liquidity below $2,800, supporting the current bullish momentum. The next significant liquidity pool lies above $3,442.50, making this level a critical point for institutional buying. Momentum Indicators: MACD: Indicates positive momentum but shows some slowing, suggesting a possible consolidation before the next move. RSI: Near overbought levels, which could lead to a minor correction before further upward movement. Potential Scenarios: Bullish Scenario: Key Trigger: Breaking above $3,442.50 with strong volume. Targets: $3,500 - $3,600 as the first target. $3,800 - $4,000 as the medium-term goal. Bearish Scenario: Key Trigger: A breakdown below $3,069. Targets: $2,962 - $2,817 as the first support zone. $2,784 as a secondary short-term support. $2,650 - $2,700 for deeper pullbacks. $2,500 - $2,550 for significant corrections. If selling pressure intensifies, the price may test $2,150 - $2,200 or even the psychological level of $2,000, which could act as the last line of defense before stabilization. Conclusion: Ethereum exhibits strong technical signals with multiple patterns, such as the symmetrical triangle, cup and handle, inverse head and shoulders, and bullish flag, all supporting an upward breakout if $3,442.50 is breached. A successful breakout could drive the price toward $3,500, $3,800, or higher. On the other hand, failure to maintain critical support levels could lead to deeper corrections, starting with $3,069, progressing to $2,817, and potentially extending to $2,500. If bearish pressure persists, levels around $2,200 and $2,000 could come into play as strong psychological supports.
Long
by abulyan
Short-Term Opportunities in Ethereum Amid Bullish Long-Term NewsEthereum is currently in a downtrend on the 1-hour chart, with the price forming lower highs and lower lows. Right now, it’s sitting near the $3,000 support level, which could be a key area for a potential bounce. On the other hand, resistance is around $3,150 to $3,250, where the price has struggled to break higher in the past. Recently, 21Shares launched an Ethereum Staking ETP, which is great for Ethereum in the long run. It makes staking easier and could attract more investors. However, the market isn’t reacting strongly to this news yet, and the short-term price movement still follows the current bearish chart structure. If the price bounces from $3,000, this could be a good opportunity to buy, with targets around $3,150 or $3,250. However, if the price struggles to break above $3,150, it might be a chance to sell, aiming for a drop back to $3,000 or lower. Overall, while the news is bullish for Ethereum’s future, the chart suggests being cautious and waiting for clear signals around $3,000 or $3,150 before making a move.
by Mightybibby
#ETH reaches its target📊#ETH reaches its target✔️ The expected goal was achieved, and the holdings were reduced by 40%-50%. If we refer to the trend of BTC horizontally, will we make up for the rise? Will we challenge the historical high? Let us use the remaining holdings to look forward to these possibilities. 🙏 The total spot holdings have achieved a return of 30%+, congratulations to everyone💰🍻 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:ETHUSDT.P
Long
by wolf_king888
Lingrid | ETHUSDT range BREAKOUT. Long from SUPPORTBINANCE:ETHUSDT recently surged past the consolidation zone, signaling a decisive shift in market dynamics as it moves out of the accumulation phase. The price has not only broken above but also closed above the significant psychological level of 3000. Furthermore, it has moved above the downward trendline that has constrained the price throughout the summer. Currently, the market is pulling back to this psychological level, presenting an opportunity for traders to consider going long. There is a possibility that the price may briefly dip below this level to take liquidity before continuing its upward move. I expect a rejection from this support zone, followed by a bullish movement toward the upper boundary of the channel. My goal is resistance zone around 3700 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
1