ETH Symmetrical Triangle UpdateThe lower trend line of the triangle did not break following yesterday's price crash.
Looking at the chart potential big move to the upside in line with break out as bulls look to push ETH price higher.
ETHUPUSDT trade ideas
Ethereum (ETH): 200EMA Holding Buyers Strongly / Possible Short?We are back with Ethereum, where we are seeing the great work from 100&200EMA.
Despite us trading currently in some kind of sideways tunnel, we are seeing that buyers are struggling with breaking out of this path, where EMAs are pressuring the price down, which could lead to a possible breakdown of the local support zone.
We are looking here to see a break of that support rather than a break of EMAs, and once we get it, we will wait out for a confirmation re-test (good zone to open short).
Swallow Team
ETH Price Setup: Why $2,840 Could Spark the Next Big Move
BINANCE:ETHUSD has been underperforming compared to BINANCE:BTCUSD and some other major cryptocurrencies, yet recent developments hint at a potential shift. Despite facing a significant resistance cluster, ETH has shown resilience by breaking above a key volume profile Point of Control (POC) level on the higher timeframe, signaling the early stages of a bullish sentiment shift.
However, to sustain this momentum, CRYPTOCAP:ETH needs to conquer a critical resistance zone, marked by a 1-week Fair Value Gap (1W FVG) and a 1-day Order Block (1D OB) – a challenging area that will likely test ETH’s ability to break out.
Chart Analysis: Key Levels to Watch
Major Resistance Zone (1W FVG & 1D OB)
The most immediate challenge for ETH is closing above the resistance zone around $2,840. This area is crucial because it combines a 1W FVG and 1D OB, both of which create a barrier that ETH needs to break through for the next leg up.
A decisive close above this level on the daily chart would turn the 1D OB into a breaker block, potentially flipping it from resistance to support and laying the foundation for a more sustained bullish displacement.
Volume Profile POC Breakout
ETH has already broken above the higher timeframe volume profile Point of Control (POC), a positive sign that suggests market interest and liquidity are shifting upwards. This break above the POC adds to the semi-bullish case, as it often signals a potential move towards filling the FVG above.
Entry Into the 1W FVG (SIBI)
Should ETH successfully close above the $2,840 level, it would enter the 1W FVG, opening up the possibility for a larger upward move. Once in this zone, buyers could gain confidence, triggering additional buy-side liquidity and a rally towards $3,100 - $3,300.
Trade Setups
Swing Trade Setup
Entry: Look for a close above $2,840. Ideally, wait for a retest of this level to confirm it as a breaker block before entering long.
Target:
Primary Target: $3,100 - within the 1W FVG zone.
Secondary Target: $3,300 - higher end of the FVG, where resistance may intensify.
Stop Loss: Set below the 1D OB, around $2,750, to protect against a failed breakout and retracement.
Rationale: A breakout and successful retest of $2,840 would signal strength, allowing ETH to push into the FVG and potentially rally toward $3,300. If buyers are strong, this could lead to a medium-term bullish trend.
Scalping Setup
Entry: Enter long on quick pullbacks to $2,750 - $2,770, close to the 1D OB support zone, or during any small dips within this range.
Target:
First target at $2,840 for a quick profit.
Second target around $2,900 - $2,950 if momentum is strong.
Stop Loss: $2,730, slightly below the 1D OB level to protect against larger sell-offs.
Rationale: For scalpers, buying dips around the 1D OB level provides a quick entry with a high probability of retesting the resistance at $2,840. This setup allows for short-term gains while taking advantage of potential volatility near the key resistance area.
Looking forward to hearing your thoughts on this!
Trade safe folks,
Cheers
Ethereum's Path Forward: Key Levels and Forecasted TargetsFollowing Trump’s victory in the U.S. election, Ethereum began an upward trend, reaching a peak at 4,868.00. Based on projections using the pitchfork analysis, it appears that after breaking through the 3,000.00 level, Ethereum will continue its rise toward 4,868.00. After a potential pullback to the 4,000.00 range, Ethereum is expected to break past 4,868.00 and continue its ascent toward future targets.
long ETHETH broke through the resistance level and the descending trendline. Bullish movement to $3539 is expected to happen
ETH Price Holds Steady at Key Support LevelETHUSDT Technical analysis update
ETH price has been trading within a triangle pattern for the past 85 days, with multiple touches on both the resistance and support lines. A breakout is likely soon. If the price breaks above the resistance line, a strong bullish move could follow. However, if it breaks below the support, the price may drop to the $1,800 - $2,000 range.
ETH price has formed a triangle pattern at a strong 2-year support line.
In weekly charts 100 and 200 EMA acts as a strong support for ETH.
Currently, the ETH price is trading at a strong support level, indicated by multiple technical indicators. We can expect a bounce from this level after a few days of consolidation
Regards
Hexa
ETH Bouncing Off Key Support – Rally on the Horizon?Hey everyone!
If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates!
Welcome to this quick ETH update.
ETH is forming a descending triangle like structure in the daily time frame and currently holding the lower trend line of the triangle. It is holding the trend line and bouncing very well so far.
As long as, ETH is holding the trend line we can expect a good rally from here.
What’s your take on ETH’s current price action? Are you spotting this bullish setup too? Share your analysis in the comments, and let’s ride this wave together!
Is ETH going to crash?I think there is a good possibility of such a scenario, especially in Nov. 10-12, FED-CUT today, the exact same fake pamp was in 2019 during the second FED-CUT, let's see what happens.
ETHUSDT Faces Strong Resistance, Downtrend PersistsETHUSDT is currently trading around 2,589 USDT and remains within a downward channel on the 4-hour chart. Each time the price approaches the resistance line of this channel, selling pressure increases, pushing ETH back into the downtrend. The main trend is still bearish, with signals indicating that selling pressure is dominating in the short term.
Key Analysis Points
Important Resistance Zone: ETH is facing a strong resistance level right at the upper boundary of the downward channel. This is a zone where sellers typically capitalize on to increase pressure, pushing the price back down.
Short-Term Support Level: The current support lies around 2,480 USDT. This level may trigger some defensive buy orders. However, if it is breached, ETH may continue to drop further, potentially heading below 2,400 USDT.
Next Trend: If ETH fails to break through the channel resistance, a significant correction is likely, aligning with the ongoing downtrend. In this scenario, ETH could continue to move downward, with the next target at a deeper support level.
Given the current situation, a selling strategy appears to be more promising as ETH approaches resistance zones within the downward channel without breaking through.
ETH TO $10,000!!Given the macro bullish outlook, ETH has the potential to surge to $10K if it successfully breaks out of the current triangle pattern. At present, ETH appears to be in wave 4 of the larger-degree triangle structure. I anticipate that by Q3, ETH will reach the final bottom of its subwave E , setting the stage for a powerful rally toward $10K.
#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💰🍻
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BINANCE:ETHUSDT.P
Is ETH Stuck in Limbo? Let’s Find Out Who Breaks First!
Technical Analysis: ETH/USDT (Neutral Outlook)
The ETH/USDT pair remains in a consolidation phase, fluctuating between key support and resistance levels without a clear directional bias. The price is contained within a range, reflecting market indecision.
Key Resistance Level (2820): To establish a bullish outlook, ETH/USDT must break above the 2820 level decisively. This breakout would signal a potential trend reversal, allowing the bulls to target higher levels with renewed confidence. Until then, any upward movements are limited by this overhead resistance, keeping the market outlook neutral.
Critical Support Level (2200): On the downside, if ETH/USDT breaks below 2200, it could signal the start of a deeper bearish trend. A breakdown at this level would confirm sellers taking control, pushing the price into lower support zones. This move would likely attract more sellers, creating a clear bearish trend.
Current Price Action: As the price continues consolidating within this range, it suggests that neither buyers nor sellers have enough momentum to dominate. For traders, this consolidation implies that a directional trade setup isn’t ideal until a breakout occurs on either side of the range. Patience is recommended, as the market awaits a catalyst to escape this neutral state.
In conclusion, ETH/USDT currently remains neutral within this defined range, with the next move hinging on a breakout beyond either 2820 or a breakdown below 2200.
👨🏻💻💭 What do you think? Will ETH break out of this consolidation soon? Drop your predictions below and boost this idea if you’re watching this range closely!
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ETH Symmetrical Triangle Update Price rushed into support zone. Bears trapped.
Reversal demand zone formed on 15 min chart between 2416 and 2430 .
Headed for breakout from here. Super long on ETH
Ethusdt broke the channel, towards the new peak?Currently, Ethusdt is having a spectacular breaking out of a long decrease channel, signaling the potential to reverse the trend of increasing. After Breakout from the upper border of the channel, the price of ETH has increased sharply and is currently fluctuating around 2,908 USDT.
With the current motivation, Ethusdt can target higher levels around US $ 3,100 in the short term. This is a potential goal if ETH continues to maintain a strong increase.
$ETH ON FIRE! #Ethereum will move towards the $3,500 and $4,000 targets if it makes daily closes above $2,881, which coincides with both the major resistance and the downtrend breakout.
ETHUSD: Squeezed for a Breakout - Bullish Momentum BuildingETH is currently squeezed between an ascending trendline and a strong resistance level, signaling potential upward pressure. The Market Liberator indicator shows diminishing wave patterns on the downside, which is a bullish signal indicating that selling momentum is weakening. Additionally, money flow on lower timeframes is shifting toward green, suggesting increased buying interest. This combination of technical factors hints at a potential breakout to the upside, making this setup favorable for a long position. additionally the green/yellow lines could be seen as TP'S, yellow lines are high TF S/R which tend to give an stronger reaction, and the thin green lines are 4H S/R. i suggest to await conformation for the trade and goodluck!
Ready to explode higherChance favors the prepared mind (Louis Pasteur).
Are You Ready?
Trade Plan:
Long-term overview
Bias: Bullish
Date: 29 Nov 2024
Price: $ 2633
Structure: 5-3-5 (Inverted)
Trade entry: $ 2633
Target-1: $ 5775
Target-2: $ 6900
Stop: $ 2000
Eth swing long the shotpreviously I made a swing long in the 2800 zone very profitable, now after breaking that support and testing lower levels, we have returned close to the 2800-2900 zone, we keep the VAL (Value are low), if we can reach that zone and consolidate, the trip will be direct to the next gp of 3400.
Eth chartEth chart key levels.
The price needs to hold the bullish trendline to keep the movement up. Also it's very close to big resistance right now.
If the trendline does not hold and the support fails, it will go back to the start of the pump or lower.
ETH 1HVolume - Decreasing
RSI - Divergence
Make sure set up Stop loss always
Yellow circle can be good indicator for trading
I am feeling one more high will happen then retracement.
Wait till confirmation found as your trading scenario.
ETH is following BTC I feel like sharing the other 100X because it seems they’re moving together right now. The last 30-minute close was green but formed a doji. Let’s see what happens next with the intraday support—will it hold or break? If it does break, where might it go next? Could it move higher? I guess we’ll find out soon.
ETH Next Target: $5,000ETH technical analysis update
ETH's price touched the trend support line on the weekly chart and has bounced 20% from it. The price also touched the April resistance level at $2,150, which is now acting as strong support.
Price dropped below 30 RSI in day chart, this could indicate the bottom for ETH. The 100 and 200 EMA act as agood support for ETH in weekly chart. We can expect a significant bullish move from the current level, with the potential to reach a new all-time high in the coming months.
Regards
Hexa
