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ETH 2-4 Long / Tether

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ETHUPUSDT trade ideas

ETH prediction AI RAG todayCrypto Trading Intraday Report for ETH Timestamp: 2024-11-05 Investment Thesis: As a trader specializing in intraday scalping strategies for ETH, the current market conditions present a favorable opportunity to consider entering a LONG position. The recent news surrounding cross-chain activity and innovative projects related to Ethereum suggests a positive outlook for ETH's value. The significant trading volume of approximately 944,594 and the bullish sentiment indicated by long account ratios above 0.7000 further support this potential. Financial Analysis: Bullish Long Account Ratios: Above 0.7000, indicating bullish sentiment. Technical Indicators: RSI values are above 50 across all timeframes, indicating bullish momentum. The price is positioned above both EMA and SMA lines, reinforcing the bullish outlook. Caution due to the negative MACD on the daily timeframe, suggesting potential bearish pressure. Resistance levels around $2789.6900 and $2888.2000 should be monitored for profit-taking opportunities. Volatility Analysis: Average True Range (ATR): Moderate volatility. Bollinger Bands: Price near the middle band. Order Book Dynamics: Significant buy walls, indicating strong support levels that could facilitate upward price movement. Data Sources: Coinglass Data: Open interest and funding rates indicate a strong bullish sentiment. Binance Data: Volatility index remains moderate with significant buy walls. CoinMarketCap Data: Reports a significant increase in trading volume over the last 24 hours with a strong liquidity score. Augmento Data: Sentiment analysis indicates a predominantly positive sentiment towards ETH. CryptoCompare Data: Highlights positive developments in cross-chain activity. Trade Recommendation: Outcome: OPEN_LONG Stop Loss: $2,650 Take Profit: $2,800 Confidence Level: 85% Exit Point: $2,750 Entry Criteria: Timeframe: 15m RSI: Above 50 MACD: Bullish crossover ATR: Moderate volatility Bollinger Bands: Price near the middle band Stochastic Oscillator: Above 50 News Impact: Positive developments in cross-chain activity Historical Data: Resistance levels at $2789.6900 and $2888.2000 Current Positions: Open LONG Positions: 0 Open SHORT Positions: 0
Long
by titankarma
1
ETH/USDT Short SetupEthereum is showing signs of reaching a local resistance level after a strong upward push. Given the market structure and recent rejection near the resistance zone, a potential short opportunity is developing. Entry: Around the current resistance at 2,700 USDT Stop Loss: Set slightly above the recent highs at 2,800 USDT to minimize risk Take Profit Zone: Looking for a pullback to the trendline support around 2,500 USDT Analysis: ETH has faced challenges in breaking above this level consistently, indicating a possible temporary top in this range. The recent volatility suggests that a correction could be on the horizon as traders lock in profits. The broader trend still holds bullish potential, so this is a cautious short position for a quick gain rather than a long-term reversal bet. Remember, this market moves quickly, so stay alert for any rapid changes. Manage your risk, and trade wisely! DYOR as always.
Short
by HedonistTrade
ETHUSDT: Bearish Momentum Signals Further DeclineETHUSDT is showing clear bearish momentum on the 4-hour chart, with prices trading around $2,422. The downtrend is supported by the price consistently staying below the 34 and 89 EMAs, indicating strong selling pressure. The purple resistance zone around $2,490 has held firm, preventing any upward movement. As shown in the chart, ETH appears poised for further declines if it continues to respect this resistance level. Potential targets for the downside are near $2,360 and $2,280, aligning with recent lows. Traders might consider shorting opportunities if ETH remains below the resistance, with stop-losses set above the $2,490 level. Keep an eye on market sentiment and technical indicators to confirm the bearish outlook.
Short
by Sanhara
ETH UpdateETH followed my analysis perfectly as planned & we got 10% recovery since last update Now price is getting close to finish this wave of movement and begin the next. But we have to wait and see where and how this movement will start. If and when price finishes the yellow path, then we have to see whether we can get a new pump in the market or the correction will continue? You should not take this analysis a green light for opening short positions because the zones are not very fresh
by qude17
ETH Ethereum Potential retracement soonIf you haven`t bought the recent Double Bottom on ETH: Now Ethereum might be facing bearish pressure following the U.S. Department of Justice's (DOJ) launch of a criminal investigation into Tether, the issuer of the widely used stablecoin USDT. According to reports from the Wall Street Journal, this investigation is led by the U.S. attorney’s office in Manhattan and focuses on potential violations of sanctions and anti-money laundering regulations. As Tether’s USDT is a crucial component of the cryptocurrency ecosystem, widely utilized for trading and liquidity on various platforms, any negative developments regarding its regulatory compliance could have significant ramifications for Ethereum. Tether's stability and its ability to maintain its peg to the U.S. dollar are vital for many trading pairs involving Ethereum. If the investigation reveals serious issues, it could lead to a loss of confidence in USDT, prompting traders to seek safer alternatives or even pull out of the market altogether. The ripple effects of Tether’s troubles may extend to Ethereum and other cryptocurrencies that depend on stablecoins for liquidity. A decline in USDT’s credibility could trigger panic selling, as traders rush to liquidate their positions in Ethereum and other assets, leading to increased volatility and downward pressure on prices. This scenario could particularly impact Ethereum, given its integral role in decentralized finance (DeFi), where USDT is frequently used for collateral and trading. The scrutiny surrounding Tether may prompt regulators to cast a wider net over the cryptocurrency market, leading to increased oversight of other stablecoins and projects operating on the Ethereum network. This heightened regulatory environment could deter new investments and innovations within the Ethereum ecosystem, hindering its growth potential.
Short
by TopgOptions
ETHUSDT / LONG / M15ETHUSDT May Rise from Bullish Order Block Bullish Order Block: 2486.21 to 2476.42 ETHUSDT appears poised to move upwards from the identified bullish order block, with a high probability of a positive move. Cross-referencing with BTC’s behavior supports the potential for a rise, adding further strength to this analysis. Let’s monitor ETH’s price action in this zone for confirmation. Entry Price :- 2486.55 Take Profit :- 2528.41 Stop Loss :- 2448.07
Long
by PraveenTrader1
ETH Monthly chart can you see it ?ETH getting so much pressures, especialy when we notice that BTC get support at higher low, meanwhile ETH retrace to its 0,382 fibo level. according to teory of elliot waves we have to acknowledge that in the phase of wave 2 or 4 (esp wave 2) price down and getting near to its golden ratio at fibo 0,382. so many traders would cutloss their long position, because it is more than -60% from the peak! whatever your pov in ETH, here is the price action of ETH. in daily chart yes we see correction, but in monthly chart? it is still higher low , though lower high also created. making it interesting because what we see is triangle pattern that will soon break its structure. Good Luck guys
Long
by ade_eins
One Last Hail Mary: Bidding on Ethereum’s Last LegAlright, one last try with this garbage. It’s been a pain and will likely underperform for the remainder of the year. But if you have some spare stables and would rather get single-digit returns, you can try bidding into the yearly open with me. I’ll have some bids laid down there and will go hard on a reclaim of the lost trendline. This is just a scenario. Overall, there’s a chance of this holding and continuing to make higher lows. Let’s see... MARKETSCOM:ETHEREUM : More Pain than Gain, But Let’s Give It a Shot!
Long
by ZelfTrade
Box range: 2281.87-2706.15 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (ETHUSDT 1D chart) Unlike BTC, it looks so weak. One of the reasons is that it has fallen below the long-term moving average, that is, the M-Signal indicator on the 1M chart. In other words, I think that the uptrend is likely to start only when the price is maintained above the M-Signal indicator on the 1M chart. To do that, the price needs to rise above 2629.79-2706.15 and maintain it. If not, 1st: 2281.87-2359.35 2nd: 2118.67 We need to check whether there is support near the 1st and 2nd above. It seems that it is forming a box section at first glance, so the point to watch is which direction it deviates from this box section. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will start when it rises above 29K. The section 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: 134018.28 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 -----------------
by readCrypto