Ethereum Long Term IdeaIdeally, would like to see ETH stay above 600s from here on out. Monthly chart, will update on lower weekly time frames as time progresses.
ETHUSD.P trade ideas
Ethereum could test 2k zoneAt the beginning of August, ETH/USD broke below the crucial $2,900 support level, accelerating to the downside and reaching a low of $2,300.
As expected, a recovery followed, with a retest of the broken level. However, despite two attempts by bulls to reclaim the newly formed resistance in August, both efforts failed, and the price subsequently rolled back down to the recent lows.
Currently, Ethereum seems to be pressing downward again, and a break below the $2,350 zone could trigger a further correction toward the $2,000 level.
I remain bearish as long as the price stays below $2,600.
ETH - what's upI've marked out the weekly with grey boxes,
the daily with red boxes
the 4hr with orange
1hr with yellow
price plays around the swing highs, lows and medians of these boxes
ETHUSD is more likely to go down in the futureOn the weekly chart, ETHUSD rebounded to the double top neckline and then encountered resistance and fell back, with a short-term bearish trend. The current market is expected to continue to decline, with the downward target looking at around 1813. After reaching it, you can pay attention to the bullish bat pattern. Before ETHUSD fails to break through around 2820, maintain the trading idea of rebounding and shorting.
One more dip possible before FULL BULL MODETake a look at these lines of confluence.
If we break below the upper line, then we will
revisit $1900. This would be a good area
to LONG ETH. If we hold support on the
first line then we are ready for lift off
towards the end of September. Good luck
and Happy Trading!
Ethereum Keltner Channel, Bottom?)📝Ethereum dropped to minimum values on the RSI indicator. Below is only when the bottom of the cycle.
📝Also, the price is testing the baseline of the Keltner channel, which is also strong support.
📝Of course, one cannot fail to mention that in the cycle where ether was accepted as a commodity on the market in the form of an ETF, it has not yet broken the fiat ATH, I think about the inflation of the dollar over the years and there is no need to remind.
🤔Trick question, are all these factors bullish or bearish for Ethereum?
The BTC Block options market saw a large number of puts tradedBitcoin's decline continues and market confidence is continuing to wane. The Block options market saw a large number of puts traded today, accounting for nearly 30% of the total, with $280 million traded in BTC Block Put and $90 million traded in ETH Block Put.
In terms of options data, the major term Skews are all veering in a bearish and implied volatility is slightly higher. Overall, the options market's expectations for the future are skewed toward short-term negativity.
There are no expected positive events in the near term and September has been a weaker month as well, with market sentiment currently more subdued.
ETH/USD Update - Still very predictable PA! We know our Algos!We are seeing price respect exactly what we prepare for. Now looking more long term, we know what we need to see in the HTF progression to see continued proof of tapering and breakouts of orange, and then ultimately red once we've disproved that.
Happy Trading :)
ETHUSD - Where are the Bulls?Think this down period is just a small hiccup in a much larger run
Essentially the beginning - mid of a big bull run
I have shown my thoughts with the bars pattern tool.
10K ??
Where To Buy Ethereum MartyBoots here , I have been trading for 17 years and want to share my thoughts on Etheureum.
In this video I talk about where is the buy for a bounce and the longer term views and what to look for.
ETH is very important for ALTs , if it bounces ALTs moon and if it crashes ALTs crash very hard so ETH is very important to understand
Any questions just let me know
MartyBoots
#ETH AnalysisIt looks like #Ethereum is targeting $2,200 on September 14th. #ETH
www.tradingview.com
ETH SHORT "BEARISH PENNANT"Hope my chart analysis helps traders make wise decisions when trading ETH. I see a "bearish pennant" of course on a smaller time. A quick tip: You can tell which timeframe a pattern is on according to its size; I think it's on a 30min-1hr timeframe. I forget. The date and time symbol has no significance expect for the fact it may drop down to its support level (green line). I'll improve my chart and idea analysis & better descriptions in the future. Happy trading everybody!!!!!
Still waiting for ETH.ETH trades around $2.46k, potentially losing short-term support. Closing below $2.42k could mean a retest of $2.34k - $2.37k.
ETHEREUM Higher Timeframe AnalysisBy looking at the weekly chart on Ethereum, we have noticed that Ethereum is still in its corrective phase. The correction phase is made of 3 waves ( A, B, and C ). As you can see, we have finished waves A and B and we are now in the final wave ( wave C ). Expecting this wave to be completed between the lows and the -0.27 Fibonacci level where we'll be looking to ride the next impulse.
Will be focusing on catching the bearish moves until we reach our buy zone.
Don't forget to hit the like bottom if you like this idea and interested to see shorter timeframe analysis.
ETHEREUM Closed August above 1M MA50, keeping bullish case aliveEthereum (ETHUSD) may have completed three straight red months (1M candles) but despite the recent correction, managed to close August above the 1M MA50 (blue trend-line), in spite of touching it earlier within the month.
This is a key Support level as it also held during the August - October 2023 bottom formation, initiating the multi-month rally up until March 2024. This makes it a long-term Support and as long as it is holding, it is keeping ETH within bullish territory.
At the same time, the price also held the 0.5 Fibonacci retracement level from the Cycle bottom. The last time that happened was during the previous Cycle in September - October 2020. After it held, this kick-started the Cycle's Parabolic Rally to just above the 1.5 Fibonacci extension level.
As a result, as long as the 1M MA50 is holding, we can expect the next High to be as high as 11500, even though 8k would seem more reasonable in terms of market cap and thus feasible as a long-term Target.
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ETHEREUM Chart Update - Important Price Action ahead!!We are continuing to reject off of our orange strong selling algorithm on the buy-side; But, we are approaching our more tapered red and bullish white which have both shown signs of potentially controlling price on the buy side. We now wait for the sell-side to start proving itself which in-turn will begin the disproval process of orange and allow for a breakout there.
Happy Trading :)
ETH USD LongA movement from Nov/ Dec 2022 might be repeating in real time.
Always keep in mind that this game is a waiting game not a trading game.
My goal is to trade once or twice a month maximum.
I always want to be in a waiting position, not a trading position.
The estimated time period for this trade, is 2 to 3 weeks from now.
Aug.27-Sep.2(ETH)Weekly market recapBTC volatility decreased after BTC gave back the gains from the Jackhole meeting. Currently, the number of stablecoins in the market continues to grow, getting closer to ATH, but there are few market hot spots except memes. After the staking storm passed, we saw the meme rise again. Whether it is Pump.fun on Solana earlier or Sun.pump that appeared on Tron recently, we can see that both large and small entities have turned their attention to memes. Four.meme backed by Binance also began to develop on the BSC chain, trying to capture the popularity after the release of CZ.
For the crypto market, except for emergencies, market volatility suffocates any trader, and people can only grow their wealth through memes. The market only transfers wealth and does not create value.
Risk assets have fully priced in a September rate cut, and even if there is some difference in value, monetary policy is unlikely to bring additional volatility. This Friday, the U.S. Department of Labor will release the latest NFP data. Unless there is a significant deviation from expectations, risk assets will maintain their trend. Beyond that, the cryptocurrency’s performance relative to NDX remains affected by ETF flows.
The volatility of ETH last week was greater than that of BTC, but the overall volatility remained volatile. Trading volume is sluggish. The indicators are consistent with the reaction of BTC. No whales have participated in the past seven days of trading, and the ME indicator maintains a bearish trend.
To sum up, we believe that ETH is weaker than BTC. This is also reflected in the capital flows of the ETH ETF. We maintain our original resistance level 2800 and support level 2400.
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.
ETHEREUM Risky Short! Sell!
Hello,Traders!
ETHEREUM went up and
Is now retesting a horizontal
Resistance level of 2575$
And we are already seeing a
Local bearish reaction so
We will be expecting a
Further local move down
Sell!
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Check out other forecasts below too!
Ethereum 8-Year Rising Wedge: Bearish Break Out!In previous ETH analyses I talked about this huge 8 year wedge pattern on the ETH chart. Where my initial takes were bullish, we've seen a bearish break out as of last week.
From a neutral point of view, this is 100% bad news. ETH will likely fall more and move towards the 1000$-1500$ area (yellow).
Might be a hot take, but most alts have been performing extremely poor recently and are down 60%-80% from their 2024 tops. Bitcoin is holding up relatively well, but that's because the BTC dominance increased by a factor of ~1.4x this year. Money is flowing out of alts (including ETH) and moving to stables and BTC.
What do you think? Will ETH drop more, or go back up?
ETHUSDT SellEthereum H4 consolidation. It's Time to retest support zone. 2377 level is bearish target. Risk reward 1/3. Good luck!
ETHUSD - Another leg downtextbook wyckoff, outlows in ETH are posting record numbers... big drop incoming
Ethereum Long-Term Outlook: Bullish Breakout PotentialThis chart of Ethereum (ETH/USD) on the weekly timeframe indicates a significant bullish potential in the medium to long term. The price action appears to be consolidating within a symmetrical triangle pattern that began forming in early 2022. Typically, symmetrical triangles are neutral patterns, but given the prevailing bullish trend leading into this formation, a bullish breakout seems more probable.
Key Observations:
1. Symmetrical Triangle Pattern: The price has been making higher lows and lower highs, indicating a compression that is characteristic of a symmetrical triangle. A breakout is anticipated, which could result in a strong upward move.
2. Volume Profile Support: The volume profile to the right shows significant accumulation in the current price range, suggesting strong support and potential for an explosive move once the price breaks out of the triangle.
3. RSI Bullish Signals: The Relative Strength Index (RSI) is also showing bullish signals, bouncing from the oversold territory multiple times. Each time, the RSI remains above the key level, indicating sustained buying pressure even during pullbacks.
4. Previous Major Resistance Levels: The yellow trendline above marks the previous high, which will act as a strong resistance level. A break above this level could propel Ethereum towards the upper resistance channel, potentially aiming for the $13,000 range, which is aligned with historical resistance and the projection from the triangle’s height.
Prediction:
If Ethereum can maintain support within the triangle and break above the upper trendline, we could see a sharp move towards the $13,000 to $13,500 range. This would represent a substantial gain from current levels and could be the beginning of a new major bullish cycle. However, traders should watch for volume confirmation on the breakout and be cautious of potential false breakouts.
Disclaimer: This is not financial advice, and all trades should be made based on your own analysis and risk tolerance.
