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ETHUPUSDT trade ideas
ETH/USDT Daily Analysis: Ethereum is trading around $2,368, attempting to rebound from the lower boundary of a descending channel. The price has respected the support zone between $2,150 and $2,250, which is marked by the brown shaded area on the chart.
The red-shaded area between $4,000 and $4,600 is the major resistance zone. A breakout above this zone would be a strong bullish signal, potentially leading to a continuation towards higher levels.
Key support is currently at the brown zone between $2,150 and $2,250. A failure to hold this level could result in Ethereum testing lower support of around $2,000 or potentially the channel's lower trendline.
A successful hold above the current support and a break above the descending resistance trendline could see Ethereum targeting $3,000 and beyond. Positive signals from momentum indicators would further confirm a bullish trend continuation.
If Ethereum fails to maintain its position above the current support and falls back into the descending channel, it could retest the lower support zone around $2,150. A further breakdown below this level might open the path towards $2,000 or lower.
Ethereum is showing a potential rebound from key support, but confirmation of a breakout above the descending trendline is needed for a bullish continuation. Keep an eye on momentum indicators and broader market conditions for further clues.
Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
Eth short. Target $2293 Or lowerJust now entered eth short.
Target $2293 or lower.
I might close before then given trade works out.
Will update.
Eth long . Target $2422Just entered #eth long
Tp 1 50% @ 2392
close fully @ $2422
Am a little doubtful but trade aligns with my trade plan so trading the plan and ignoring my emotions.
Ethereum | 3 Months RedThree months red? It never happens. It only happened in 2022 and that's because we were dealing with a bear-market.
Then it happened again in 2018 but that is because we were dealing with a bear-market. The ensuing years, never, never three months red. It is like the launch of the spot ETFs changed the market dynamics, it changed our map.
Ok, the map changed so what?
We adapt to market conditions, that's what we do, it is not like we cannot adapt pretty easily.
Ethereum closed three months red already, something that only happened twice on this chart, in 2022 and 2018. Apart from these bear-market years, Ethereum would never close three consecutive months red let alone four or five.
Relief?
➢ Since we have three months that closed red the market calls for a relief rally?
➢ Since we have three months red the market must turn?
➢ Since we have three months red the fourth must be bullish?
Anything can happen but we read the chart.
Three months red is a bearish signal, but relief is always necessary.
Let's look at some scenarios.
Say this month wicks down strong and closes green; that's relief.
Say this month closes red and next month (October) and the month after (November) close green; that would be a relief rally.
We can impose our beliefs on the market, saying "this must happen" or "that must happen for this or that reason," or we can read the chart, see what is actually happening and determine based on this data what is likely to happen next.
The times that Ethereum closed three months red it continued red for another six additional months. Market conditions are different now, but we can only be guided by the data on the chart.
The weekly MACD and RSI are on the bearish zone.
The monthly MACD and RSI are both trending down strong.
➖ ETHUSDT Monthly RSI:
➖ ETHUSDT Monthly MACD:
(Bearish cross in the making.)
This is the monthly chart, one candle is 720 stronger than the hourly chart.
Maybe it will grow, but I need confirmation by seeing prices going up.
As long as it is red, it is going down.
Thanks a lot for your support.
Namaste.
ETHUSDT: Important resistance and support to look for!!Join our community and start your crypto journey today for:
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Hello everyone,
ETHUSDT is currently holding on to a long-standing trendline that has provided consistent support over time. The price has bounced off this trendline multiple times, but the recent repeated dips to $2093 and $2150 have created a scenario where further pressure could potentially lead to a break below this support. The significant drop in volume raises concerns about a possible downward move. For ETH to avoid breaking this key support, it would need to rally and break and give weekly closing above the resistance level at $2535, which could signal a reversal of the current downtrend.
If the trendline breaks, the below support zones will likely come into play.
Upper support zone:
SUPPORT ZONE= $1695 to $1827
Lower support zone:
SUPPORT ZONE= $1274 to $1371
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Ethereum (ETH): Smaller Rejection From Local ResistanceEthereum has done a small rejection but yet nothing clear for us.
Despite the fact that we had a nice rejection so far, we are looking here for a possible further downward movement to happen but this can happen only if sellers manage to secure the current zone fully.
So we are keeping an eye on the current zone, so far looking not that bad at all!
Swallow Team
Ethereum (ETH): Sellers Are Dominating Today !!Another day for Ethereum and we see first signs of weakness here on the daily timeframe.
Now it is early to say but there is a probability of seeing a lower support to be tested again but for that we will need to secure today's price in red so keep an eye on that daily candle now and the closing price of it as well!
Swallow Team
ETH (Crypto ETHEREUM) BUY TF H1 TP = 2391.45 On the H1 chart the trend started on Sept. 7 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 2391.45
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
Ethereum (ETH): Reached Zone of Rejection!On a smaller timeframe, we are seeing a good possibility for a rejection to happen from current zones.
As Bollinger Bands is in an overbought zone, we are now seeing a struggle to breakout from the current zone, so a possible rejection from this zone is still in play.
If we somehow see a breakout crom current zone, then our next zone will be 200 EMA.
Swallow Team
Ethereum (ETH): Smaller Bounce Has HappenedEthereum has had a smaller bounce so far but it has not yet secured that supportive zone.
We are still keeping an eye on this zone as we are seeing some signs of weakness but if we manage to stay in current zones for the next 48–72 hours, we will see a further movement to upper zones (towards EMAs).
Swallow Team
#ethusdt getting ready for next move up! You may see previous bull, bear tags from the chart whixh was generated via our analysis system.
Let's see what will happen ! Being patient is the key !
#ETH There are still goals to achieve, cautious bearish📊#ETH There are still goals to achieve, cautious bearish ⚠️
🧠From a structural perspective, we have constructed a double-bottom bullish structure near the buying zone. We have now reached the overlapping area of the periodic resistance zone and the downward trend line. It is reasonable to fall back when encountering resistance. However, the most ideal bull target area can still be expected. Before the double bottom structure is destroyed, please be cautious in going short.
Let’s see 👀
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BINANCE:ETHUSDT.P
2024-09-04 ETHUSDTPay attention to the 78.6% retracement long opportunities in the golden ratio. Ultimate Goal 2900
#ETH Bullish Double Bottom Structure📊#ETH Bullish Double Bottom Structure📈
🧠From a structural perspective, we have constructed a same-cycle bull structure near the buying zone, which means that the downward trend is over. We need to be alert to the occurrence of a sustained rebound. The next strong resistance is near 2400.
Let’s see 👀
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BINANCE:ETHUSDT.P
Ethereum (ETH): Possible double bottom pattern Ethereum has finally reached the support zone we’ve been watching since last week.
Now that the price is in that zone, we’re anticipating a potential bounce, which has been playing out well so far. If buyers manage to secure this area, we should see a nice recovery towards the EMAs. However, if they fail, the price could gradually break below the support, leading to a broken double bottom pattern, which typically triggers a strong downward selloff
Swallow Team
ETH weekly Prime or a mega bounce to 3.4kWeekly is very interesting , with lots of supports, absolutely ideal entry if we go down to 2000
GL HF
Stops in
Ethereum (ETH): possible good bounce zone / buying opportunityEthereum has reached a very important zone where price has now reached the lower zone of upward trend (where also 200EMA is acting as a support).
Now ideally we should see a good bounce from here and a movement to the upper zone or at least that middle line of Bollinger bands (which is in bearish trend currently).
So we wait for a propper bounce to happen from here but bear in mind. Overall market conditions are not looking good so if everything goes against our plans, then a good downward movement will happen (if the EMA zone will be secured by sellers).
Swallow Team
ETH Falling Wedge Bull gogglesAlso look at the RSI triangle which would optimally break at the same time for best followthru
GL HF
Eth Long to $2336Just now opened an Eth long.
I think the market will correct up a bit more before continuation down.
The move is likely to playout relatively quickly so posting now.
Target $2336
Almost Almost 4RR.
Long on Ethereum (ETH)Going long on Ethereum (ETH) near $2,100 offers a favorable risk-reward setup:
Support at $2,100: This level has shown strong buying interest, making it a potential base for a long position.
Risk Management: Set a tight stop-loss slightly below support, around $2,050–$2,000, to minimize downside risk.
Upside Potential: If the support holds, ETH could bounce towards higher resistance levels, offering a solid reward compared to the risk.
Key factors to monitor: overall market sentiment, BTC correlation, and ETH-specific news (network upgrades or regulations).
ETHUSDT 4HProbably the price will return to the 2500 area, in this area we have Fibonacci 0.5 and 0.618, which is likely to reject the price to the $1900 area.
ETH/USDT Weekly Update:The weekly chart of ETH/USDT shows a strong ascending trendline support that has been respected over the past several months.
The price is currently testing this trendline support near the $2,300 level, suggesting a potential bounce from this key support area.
The primary support level is the ascending trendline around $2,000 to $2,300. Holding this level is crucial for maintaining the bullish structure.
A major resistance zone is highlighted between $4,200 and $5,000. This area has acted as a significant supply zone in the past and is likely to be a major obstacle to further upward movement.
If ETH can hold above the trendline support and gain momentum, a potential rally toward the $4,200 to $5,000 resistance zone could occur. This would align with the chart's upward arrow, indicating optimism for a continued upward move.
If the price fails to hold the support and breaks below the trendline, we might see a deeper correction, potentially testing lower supports around $1,700 to $2,000.
A weekly close above $2,400 with increased volume would provide a strong bullish confirmation, suggesting a higher probability of testing the $4,200-$5,000 resistance zone.
Monitoring RSI, MACD, or other momentum indicators on the weekly timeframe could provide additional confirmation of a potential trend reversal or continuation.
The presence of a large upward arrow on the chart indicates a bullish sentiment, expecting a rebound from the current levels.
Broader market conditions, Bitcoin's price action, and macroeconomic factors will also play significant roles in ETH's price trajectory.
Traders should consider setting stop-loss orders below the ascending trendline or the $2,000 level to manage downside risk effectively.
Regularly review and adjust positions based on evolving market conditions and price actions near key levels.
This weekly update outlines the critical levels and scenarios for ETH/USDT, highlighting the importance of the ascending trendline support for the continuation of the bullish outlook. Watch for confirmation signals and stay aware of market influences that could affect ETH's performance.
Disclaimer: This is not financial advice. Stay updated with market movements and adjust your trading strategy accordingly. Keep an eye out for further updates and analysis. Thank you!
