ETH going back down It’s gonna probably retest that last low
market structure is pretty clear here, i’ll short at 2607, watching price action of course
ETHUPUSDT trade ideas
Ethereum Short-Term (Ready For $1,600?)Let's look at short-term version of Ethereum; Let's see what the chart has to say.
➖ We know we are dealing with a bearish impulse based on the strength of the bearish move and its volume.
➖ If we think in terms of Elliott Wave Theory and a five wave pattern, we can say that we just witnessed the third wave, based on the strong volume. Meaning, "the third wave always has the highest volume."
➖ We have a 40% drop in 11 days.
➖ A bounce is now in place; a normal market reaction.
ETHUSDT grew 20% on the bounce.
➖ A bounce following a bearish impulse can range between 15-35%. Depending on the strength of the bears.
A stronger bounce or recovery would produce stronger bullish candles and momentum. As the chart it is, it seems something is missing...
We know based on intuitive perception and ten years of experience tracking the markets that the bearish move is not over. The bounce can extend, variability and volatility is always there, I can be wrong; but, everything is pointing toward lower prices.
➖ 0.5 Fib. retracement = ~$2,830.
➖ 0.382 Fib. retracement = $2,665.
These are key levels and likely left unchallenged.
If prices move higher, keep those in mind for short.
Thank you for reading.
Namaste.
Ethereum (ETHUSDT) | $2,454 Current price
Next Volatility Period: Around August 14th - 18thHello, traders.
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Have a nice day today.
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(1M Chart)
You can see that the 2531.05 ~ 0.382 (2647.80) section is an important section.
If it falls in this section, it is likely to turn into a downtrend in the long term, so be careful when trading.
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(1W chart)
If it falls in the 2531.05 ~ 0.382 (2647.80) range, it is likely to eventually touch the HA-Low indicator on the 1W chart.
Therefore, as the price falls, we need to check at what point the HA-Low indicator is generated.
If not, it is expected to fall to around 1340.12, where the HA-Low indicator is currently located.
However, we need to check for support near the 2159.00 point (the bottom point of the HA-High indicator box on the 1M chart) and the 1783.0 point (the top point of the HA-Low indicator box on the 1W chart).
If it rises, it is likely to face resistance near 3265.0-3321.30, so we need to check for support.
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(1D chart)
It is a medium-term rising channel, that is, it has entered a short-term falling channel while falling from the rising trend line (1) ~ (2) section.
This short-term falling channel is a channel made up of high-point trend lines.
Therefore, if it falls from this channel, it is thought that it is likely to record another large decline.
That is why the key is whether there is support near the 1783.0-2159.0 section.
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When making new purchases, it is recommended to check whether there is support near the HA-Low indicator on the 1D chart if possible.
Currently, the HA-Low indicator is formed at the 3079.59 point.
However, since there is a high possibility that a new HA-Low indicator will be created depending on price fluctuations, I think it is better to wait for it to be created at some point.
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The time to buy is when StochRSI > StochRSI EMA and the StochRSI indicator is out of the oversold zone, and you can proceed by checking whether there is support at the support and resistance points.
Currently, I think it is most likely to check whether there is support above the 2531.05 ~ 0.382 (2647.80) range.
If it falls,
1st: 2159.0
2nd: 1783.0
You should check whether there is support near the 1st and 2nd above.
-
Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale uptrend will begin when it rises above 29K.
The range expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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Continued decline?Ethereum is in a strong downtrend and has been unable to break through key resistance levels. This indicates continued selling pressure and decreased investor confidence.
Support and Resistance Levels:
$3110 Level: This is a key resistance level that the price has been unable to surpass and has sharply declined after hitting it.
$3000 Level: This level also acted as resistance, and after breaking below this level, the downtrend continued.
$2850 Level: This support level was also broken, and the price has reached $2677.
$2677 Level: This is an important support level that, if broken, could lead to further price declines.
$2170 Level: This is the lowest support level currently, with the price near this level. If this level is also broken, further declines in Ethereum's price may be observed.
Ichimoku Cloud and Downtrend:
As long as the price remains below the Ichimoku Cloud and key resistance levels, the likelihood of the downtrend continuing is higher. Breaking through these levels could indicate a return of buyer strength and a potential trend reversal.
ETHEREUM - Breakout of a Triangle patternETH has made a number of attempts to break past resistance and is making higher pivot lows.
It has surpassed numerous levels where heavy volume was transacted with higher volumes on the up moves than down moves, so is exhibiting bullish characteristics.
The failure of the next attempts followed by high selling volumes, could however indicate capitulation to the bears.
ETHUSDTEthereum fell to its strong support zone in yesterday's crash. At the moment, if the price pulls back to this support zone once again, Ethereum will probably grow well.
Ethereum dropped 18% since ETF approval Ethereum dropped 18% since ETF approval
We took short with our team after ETF approval and after i waited for new opportunity and that had happen without me
I still think that ETH should drop in $2600 - $2800 area
Eth scalp short to $2000...Bottom!Just entered a scalp #eth short.
I think this will likely be the final leg down. Before continuation to the upside resuming the monthly uptrend.
We could spike a bit lower than $2000 but that area is where you want to definitely buy the dip if you're an investor.
2500$ Area Is a Gift To Buy ETH ,Dont Miss It 📈 The Chart Looks Amazing By Technical View ,The Price Hit The 2100$ PRZ Which Is Important From Three Sides That I Described Them Below 👇
1️⃣ Trend Lind From 900$ Located There
2️⃣ 2100$ Resistance Flipped To The Support And The Price Bounced From It
3️⃣ Wave C From Main ABC Completed At The 2100$ And Made a Strong PRZ
🎯 Due To These Reasons Now You Should Understand How This Support Is Important And One More Good News Is We Had a Strong Bounce From 2100$ Support Area
📥 Buy Area : 2470$
🎯 Targets : 3700$ And 5300$
Ethereum new strong starting! I think Ethereum will go up strongly. He returned to demand and now very refreshed he will fly. Stoch RSI is in the zone where the buying has just started.
I think that T1 in the value of 2900 will be reached very quickly, while T2 in the value of 3600 will be reached after a pullback is realized.
Stay with me!
ETHUSDT FORECAST BY SIMPLE TAFollowing the wreckage of the markets, this is my revised TA of the ETH markets, simply by levels and Fibs.
I don't think we're out of the red despite the long wick and green candle on the daily
#NFA
Ethereum Monthly (1 Minute Read)My dear friends... What a day!
Here I have the monthly Ether chart (ETHUSDT).
➖ Notice how the drop lands perfectly at 0.618 Fib. retracement for the entire bullish wave that started June 2022.
➖ The month is early, really early. The month is starting just now and things are not looking good, from many perspectives, in the coming weeks.
➖ A target range of $1750 - $1550 for the bearish wave is now active.
This is just a friendly reminder... It can get worse... Patience is key!
Namaste.
Chart | ETHUSDT ($2,440 Price at publish time)
✴️ Ethereum 5X SHORT (216% Potential)Ethereum can be a bit more risky because it didn't grow as much as the others, so it can perform some final jump or shakeouts... So watch out.
➖ The market goes down after moving up.
➖ The market moves up after going down.
That's my theory.
____
SHORT ETHUSDT
Leverage: 5X
Buy-in: $3,900 - $3,600 | Cp: $3,700
Targets:
1) $3,500
2) $3,250
3) $3,000
4) $2,700
5) $2,500
6) $2,250
7) $2,100
Stop-loss: Close daily above $4,000
Potential profits: 216%
Capital allocation: 3%
____
Remember to do your own research and planning.
Leveraged trading is ultra-high risk and can result in all money lost (liquidation). Experts only.
If you are a beginner, consider spot trading successfully for a few years before using the more advanced gambling tools.
Namaste.
✴️ Ethereum 10X SHORT (400% Potential)Here the leverage can now be increased. It doesn't matter if you entered before or after the peak, if you are doing it short or long-term; this is easy profits.
Ethereum seems to be headed lower based on chart signals and lots of data we looked at in previous weeks.
The correction might end up being boring... I think nobody is going to like seeing the market red, so we will have to detach, go away and comeback when we are ready for the next bullish wave.
The interesting part though will be to find out if the correction low will come in after three months or two weeks... We can only wait and see.
This chart is showing bearish potential.
Namaste.
Ethereum's Revival A Prime Opportunity for a Strong Rebound Analyzing the current market conditions for ETH/USDT, there are several technical indicators suggesting that Ethereum might be poised for a significant upward movement from its current price of $2,444. The recent sharp decline in price has brought Ethereum to a crucial support level, which has historically acted as a strong foundation for upward reversals.
Firstly, the Relative Strength Index (RSI) has dropped below the 30 level due to the recent sell-off, indicating that Ethereum is currently in oversold territory. This suggests that the selling pressure may have been overextended, providing a potential opportunity for buyers to enter the market and capitalize on the discounted price.
The Moving Average Convergence Divergence (MACD) is also starting to show signs of a bullish crossover. The MACD line is approaching the signal line from below, which often precedes a bullish trend reversal. This potential crossover, coupled with the oversold RSI, strengthens the case for a price rebound.
Additionally, the Bollinger Bands have expanded significantly during the recent price drop, reflecting increased volatility. However, the price has begun to stabilize around the lower band, suggesting that the downward momentum is waning and a reversal could be on the horizon.
Furthermore, the trading volume has spiked dramatically during the sell-off, indicating heightened market interest and participation. Historically, high volume during price declines can precede reversals as it suggests that new buyers are stepping in to absorb the selling pressure.
The Fibonacci retracement levels also align with this analysis, as the price is currently hovering around the 61.8% retracement level from the previous rally. This level is often considered a strong support area where price reversals are likely to occur.
From a fundamental perspective, Ethereum continues to see strong network activity and development progress, further supporting the potential for a rebound. The recent pullback may have been driven by broader market sentiment rather than any Ethereum-specific issues, providing an attractive entry point for long-term investors.
Given these factors, it seems like an opportune moment to consider buying ETH/USDT in anticipation of a medium-term price increase. The combination of oversold conditions, technical support levels, and strong fundamental backing suggests that Ethereum is well-positioned to recover from its recent dip and potentially target new highs in the coming weeks and months.
See you in the octagon!While everyone is bearish and scared of ww3 and BOJ, longs from this pivot level will print until at least 2860 resistance. Open interest shows us that this was major liqudation event and that all longs that accumulated and ran price to the 3500 are out of the game. Negative fundings shows us that shorts are pilling after that event (right now OI cant show us data because we need at least candles of data so funding is best for the current momentum of what is happening). Also fear and greed indicator is showing max fear. While 2130 is very important level as we pivoted few times from it, bouncing exactly from it means a lot and will probably give us a run to at least 2860 resistance, maybe even way more which I will update!
The Best Time To Buy Ethereum ... When? ($12,500+ In 2025)Is it too early to start planning for the next bullish wave?
When is the best time to start buying?
Good Sunday my fellow traders, we have a volcano erupting in Italy today...
Ethereum is now challenging a critical support which can lead to prices moving to "baseline," which coincides with the same level at which Ether traded back in January in this year.
Is this baseline the right level at which one can start accumulating?
Maybe.
➖ The baseline is a very strong support level so a bounce is bound to happen at this point but, there can be even lower prices because we are set to experience 6-8 weeks of red and so far we've only experienced one.
➖ While the baseline is surely to produce a reaction that will push prices up, it is better to wait for the accumulation range to develop which will in-turn reveal the perfect price range that will be made available before long-term growth.
👉 Ethereum has the potential to hit beyond $10,000 (~$12,555) in 2025... We need to stay vigilant in order to spot the low to prepare for LONG.
Namaste.
Bullish on Ethereum: A Buy OpportunityI'm bullish on Ethereum (ETH) and believe it's a good time to buy. Here are some key reasons:
Strong Fundamentals: Ethereum's continued development, including the transition to Ethereum 2.0, promises
Institutional Interest: Growing interest from institutional investors and increased exposure through ETFs and other financial products add credibility and stability to Ethereum's market position.
Macro Environment: The broader crypto market is showing resilience, and Ethereum, being a key player, is poised to benefit from this positive sentiment. Additionally, macroeconomic factors, such as inflation concerns and fiat currency depreciation, may drive more investors toward cryptocurrencies as a hedge.
Why Ethereum needs to cross $2.5K to turn bullish againEthereum (ETH) plummeted to the January lows over the past few hours. Its descent below $2.9k was followed by a 27.5% drop over the next 12 hours.
At press time, ETH has bounced to $2366 from the $2.1k lows, a 12.17% bounce.
The smart money that bought close to $20 million when prices were at $2.9k and $3.1k has not been correct this time, smudging a previously perfect track record.
The price crash of the past couple of days was brutal. In just the last 24 hours, Ethereum markets saw $346.5 million worth of liquidations. The daily RSI fell to 19, the lowest since 18th August 2023.
The daily session has not yet closed, but as things stand, the rally earlier this year has been wholly retraced. The $2.5k-$2.6k zone is likely to serve as resistance on the way upward.
The OBV formed a new low to encapsulate the idea of extreme selling volume. The day’s trading volume is 1.55 million ETH and counting, the highest in 2024.
While it might be a good reason to buy, more conservative traders and investors would want to see prices reclaim key support zones and stay above them for a few days before they’re confident enough to bid.
Market crashes like these are not a good time to be in a leveraged trade, as 270k+ crypto traders found out over the weekend. The Open Interest has fallen from $9.9 billion on the 3rd of August to $7.35 billion at press time.
A bounce toward $2.5k was possible, but the New York trading session can see added selling pressure.
ETH.X: Crypto Market at Risk of a Major DropGiven the political and economic challenges ahead, the crypto market is at risk of a significant drop. If the support level at $2800 does not hold during its next test, there is a high chance of falling to $2100. The market has formed a lower high in three consecutive attempts, and the failure to reverse at these levels would increase downward pressure. This, combined with the pressure on tech stocks in the US equity market, poses a major threat to the crypto market in the medium term.
We are closely monitoring this situation and the support level. Considering the volume has been consistently decreasing since March, we are on high alert. If the support breaks on the recent downtrend starting July 21st, we expect further declines. There are many warning signs across different markets, and until the economic and political climate stabilizes, we anticipate this downturn to continue until the US election.
Where is the best buying area for #ETH?📊Where is the best buying area for #ETH?❓
🧠 We pulled back as expected after completing the target of the weekly level bull structure. From a structural perspective, we have constructed a double top bearish structure in the sell zone, with the ideal target zone for this structure being 1643-2618.
➡️If we can reach this buying area directly, then we will plan to buy back the spot holdings reduced in the selling area again.
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BINANCE:ETHUSDT
