Ethereum - Buy It Now Or Never!Ethereum ( BITSTAMP:ETHUSD ) will offer a final retest:
Click chart above to see the detailed analysis👆🏻
Ethereum is about to retest a perfect confluence of support from which a bullish reversal is almost certain. Following the overall bullish trend, Ethereum should retest the previous all time high next and then maybe even follow Bitcoin and create new all time highs going into 2025.
Levels to watch: $2.000
Keep your long term vision,
Philip (BasicTrading)
ETHUSD.P trade ideas
"MANTRA ($OM) Breakout Confirmed: $2.80 Next, $3+ in Sight!"NASDAQ:OM is showing strong signs of a breakout!
🔺Ascending triangle breakout confirmed, next target: $2.80
📊Bullish MACD and weekly chart showing solid momentum
💪Despite BTC volatility and alts dipping, NASDAQ:OM stays resilient, growing steadily
📈Once BTC rallies, NASDAQ:OM could shoot past $3 and beyond
#OMtober #MANTRA #Bitcoin #NFA
Ethereum Breaks Through $2500 Resistance: Will the Rise Hold?Ethereum, the second-largest cryptocurrency by market capitalization, has achieved a significant milestone by breaking through the $2500 resistance levels. This development has positioned the cryptocurrency for further potential gains.
The Breakout
Ethereum's recent surge has been notable, with the price approaching the $2650 mark. This positive momentum indicates a strong bullish sentiment among investors. The cryptocurrency's consolidation above the 100-hour simple moving average suggests that the upward trend may be gaining traction.
Key Resistance Levels
However, there are still significant resistance levels that Ethereum must overcome to sustain its upward trajectory. The $2640 level represents a crucial hurdle. If Ethereum successfully breaks through this resistance, it could pave the way for a more extended rally.
Potential Targets
Beyond $2640, the next major resistance level lies at $2720. If Ethereum can breach this mark, it could open the door for a more substantial price increase. Consolidation at the $2720 level could lead to further gains, with potential targets at $2800 and $2880.
Factors Influencing Ethereum's Price
Several factors are influencing Ethereum's price and contributing to its recent rally:
• Growing Adoption: The increasing adoption of Ethereum-based applications and smart contracts is driving demand for the cryptocurrency. As more businesses and developers utilize the Ethereum blockchain, the value of the network and its native token, ETH, is likely to appreciate.
• Institutional Interest: Institutional investors are increasingly allocating a portion of their portfolios to cryptocurrencies, including Ethereum. This growing interest from large financial institutions can provide significant price support.
• Technical Indicators: Positive technical indicators, such as the Relative Strength Index (RSI) and moving averages, suggest that Ethereum is in a strong uptrend. These indicators can provide valuable insights into the cryptocurrency's momentum and potential price targets.
• Macroeconomic Factors: Global economic conditions and regulatory developments can also impact Ethereum's price. Favorable macroeconomic factors, such as low interest rates and increased liquidity, can create a favorable environment for risk assets like cryptocurrencies.
Conclusion
Ethereum's recent breakout above the $2500 resistance levels is a significant development. The cryptocurrency's upward momentum and positive technical indicators suggest that further gains may be in store. However, it is essential to remain cautious and consider the potential risks associated with investing in cryptocurrencies.
Investors should carefully evaluate the factors influencing Ethereum's price and conduct thorough research before making any investment decisions. The cryptocurrency market is highly volatile, and past performance is not indicative of future results.
ETH/USD Rallying Alongside BTC..Risk on Market Environments largely affect Crypto.
And it's no different now. No shorts, very dangerous.
Oct.8-Oct.14(ETH)Weekly market recapLast week, the U.S. CPI data for September was released. Although the CPI figure was higher than expected, it was still lower than the previous value. We believe that once the Federal Reserve enters a rate-cutting cycle, as long as the CPI data does not significantly deviate from expectations, the market will not price in a recession or an inflation rebound. It will generally lead to a positive outcome. After going through an aggressive rate-hike cycle and entering a rate-cutting cycle, capital will no longer need to worry about changes in liquidity. In the early stages of rate cuts, investors will need to consider which market to enter to achieve high returns.
We observed the performance of the Chinese stock market at the end of September, and yesterday, the BTC ETF saw an inflow of over $500 million, the largest inflow in the past three months. Capital is starting to flow back into the cryptocurrency market, and this continuous inflow is providing price support.
ETH, which had been relatively underperforming, also saw a certain level of pump yesterday, with the price nearing previous highs. However, from the ME indicator, it can still be seen that short positions are dominating ETH. The WTA indicator shows no signs of whale activity.
In summary, we believe ETH is likely to experience a week of consolidation. We maintain the previous resistance level of 2,800 and support level of 2,100.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
ETH Daily MACD Bullish Signal Signs of a reversal now indicate a possible move up with the MACD bullish crossover
NEW IDEA FOR EHTEREUMEthereum has formed a head & shoulder pattern in the four-hour time frame, and now, after the pullback supported by the neck line in the range of 2476, the price can increase with the size of the ego's height to the resistance of $2653.
ETHUSD Potential Bearish BatOn the 4-hour chart, ETHUSD stabilized and rebounded in the short term. At present, we can pay attention to the resistance near 2680 above. After reaching it, we can pay attention to the potential bearish bat pattern. If the price breaks through the resistance near 2728, the upward trend will begin.
Bearish drop?Ethereum (ETH/USD) is rising towards the pivot and could reverse to the 1st support.
Pivot: 2,493.86
1st Support: 2,396.64
1st Resistance: 2,566.10
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Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ETHUSD BUY ANALYSIS DOUBLE BOTTOM PATTERNHere on Ethusd price form double bottom and is about to go up so if line 2522.43 break then trader should go for LONG with expected profit target of 2581.99 , 2657.35 and 2730.27 . Use money management
ETHUSD: Move Up Expected! Buy!
Welcome to our daily ETHUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 2,485.6
Wish you good luck in trading to you all!
ETHEREUM ETHUSD Forecast Hi traders. In the past lower flag touched; upper flag( in same scale) must be touched too.
ETHEREUM ETHUSD Forecast Hi traders. In the past lower flag touched; upper flag( in same scale) must be touched too.
ETHEREUM - SHORT Expecting a rejection of our sell zone. Once entered, stoploss above the highs ( invalidation level ).
ETHUSD Confirm Buy? ETHUSD Confirm Buy? Double Bottom 4H?
Buy 1 2459
Buy 2 2451
Buy 3 2447
SL : 2438
ETH CONFIRM BUY? IM SUREETH CONFIRM BUY? Double bottom 4h confirm. potential ihns. trend break. resistance are. most buyer volume this area.
Ethereum (ETH/USD) Buy Alert - Entry at $2,450!Technical Analysis: The Ethereum (ETH/USD) pair shows promising bullish signals. The 28-period RSI indicates a favorable entry point, while the 161 and 200-period moving averages support a strong upward trend.
Trade Details:
Entry Point: $2,450
Stop Loss: $2,400
Take Profit: $2,600
Fundamental Analysis: Ethereum's price movements are influenced by key economic factors, including advancements in its technology and general market trends. Current market sentiment is optimistic, which may enhance profit opportunities.
Support and Resistance Levels:
Support: $2,400
Resistance: $2,600
Tip: Keep an eye on news related to Ethereum, as it can significantly impact price movements. Prepare for potential opportunities in this bullish trend!
Engage with the community for more insights and discussions!
ETHUDS-SELL strategy 90MIN chartIt feels we may see lower levels again. We have a high SMI level turning negative, and the stochastic already was.
Strategy SELL @ $ 2,435-2,450 and take profit near $ 2,375 again. SL based on personal preferences.
ETHUSD (IDEA)Looks good for a long at this area for next week play. Bouncing of support nicely, aiming for fib trade to 27%. Happy trading everyone have a great week.
Ethereum Holds Steady Amid Volatility, Eyes on $2,800 BreakoutMarket Overview:
Ethereum had a volatile week but ended with a 1% gain, with buyers defending the critical $2,400 support level.
If ETH loses this support, the price could drop toward $2,000, impacting altcoins negatively.
Key Levels to Watch:
Current resistance: $2,800. A break above this level would signal buyers regaining control.
Support: $2,400. Losing this could trigger further downside to $2,000.
Outlook:
Ethereum is showing signs of market indecision, moving sideways. A breakout above $2,800 would end this hesitation and bring back bullish momentum.
#Ethereum #ETH #CryptoUpdate #PriceAnalysis #SupportAndResistance
ETHUSDPair : ETHUSD ( Ethereum / U.S Dollar )
Description :
Bearish Channel as an Corrective Pattern in Short Time Frame
Break of Structure
RSI - Divergence
Completed " 12345 " Impulsive Waves and " A " Corrective Waves
Demand Zone
