ETH from 2022 lowETH from 2022 low.
Identifying the corrective structures.
With bear side GZ broken in the ETF hype pump, is this a suckers rally or moon?
ETHUSD.PI trade ideas
ETH - bullish 24-hour upside expected!Listing of 8 spot ETH ETFs is expected on July 23! The deadline for returning the final S-1 registration forms for the eight-spot Ether ETF has been set for July 17 by the Securities and Exchange Commission (SEC).
“SEC finally gotten back to issuers today, asking them to return FINAL S-1s on Wed (incl fees) and then request effectiveness on Monday after close for a TUESDAY 7/23 LAUNCH,” conditional on no last-minute hurdles, Bloomberg’s ETF analyst Eric Balchunas, said.
Meanwhile, Reuters reports that Blackrock, Franklin Templeton and VanEck have obtained “preliminary approval” for their spot Ether ETFs. Such ETFs hold an equivalent amount of the underlying asset, contrarily to future ETFs that track futures contracts of the underlying asset rather than the asset itself.
The price of Ether rose 2.3 percent to $3,437 over the past 24 hours. ATTMO predicts strong sun for Ether in the next 24 hours, signaling bullish trend and upside potential over this time horizon.
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ETHUSDThe Trade is printing Bullish Trend with HH and HL with no Divergence ,the trend also print a Reversal Double Bottom.
The Entry point will be 3506.38 and the stop loss will be 3308.0886.
Jul.9-Jul.15(ETH)Weekly market recapThe CPI of June dropped significantly and performed better than expected. Coupled with Powell's dovish speeches on monetary policy in the House of Representatives and the Senate, the market has rekindled hopes of an interest rate cut. Judging from data available in the interest rate swap market, traders have begun pricing in the possibility of two interest rate cuts in 2024. And it is expected that starting from the FOMC in September, interest rates will be cut at every subsequent FOMC.
After the German government sold BTC, FUD in the market gradually decreased. Mt.Gox's repayment method will be based on the BTC price several years ago, and the potential selling pressure will not be large. So after gold and U.S. stocks responded bullishly on Thursday, cryptocurrencies started to see gains over the weekend.
Relative to U.S. stocks that continue to price in interest rate cuts, BTC and stocks in developing countries will become the leaders of this cycle. The SEC is currently expected to issue its latest response to the ETH ETF this week, and there is a high probability that it will be officially launched this week.
Again, we are already on the way to a rate cut.
This is the era of ETH. Although FUD caused greater losses to ETH, the continuous rise has repaired it. The listing of ETH ETF remains a focus of the market. Like BTC, ETH bulls enjoyed a rare weekend of strength and are holding on. On the WTA indicator, after ETH fell below 3000, whales appeared. The ME indicator continues to maintain a bullish trend.
To sum up, we believe that ETH may lead the market higher this week. We maintain our original resistance level 4000 and support level 2800.
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.
Ether Bulls Charge as Price Breaches $3,300The Ethereum (ETH) market has witnessed a significant surge in recent days, with the price decisively breaking through the $3,250 resistance zone. This bullish momentum has instilled confidence in investors, suggesting further potential gains in the near term.
Breaking Through Resistance: A Sign of Strength
Previously, the $3,250 level had acted as a formidable barrier for ETH. However, the bulls (investors who believe the price will rise) have managed to overcome this resistance, indicating a shift in market sentiment. This breakout suggests a potential increase in buying pressure, pushing the price further upwards.
Technical Indicators Add Weight to the Bullish Case
Technical analysis, which studies price charts and historical data to predict future movements, strengthens the bullish argument for Ethereum. One key indicator is the 100-hourly Simple Moving Average (SMA). The price currently sits above this average, signifying an upward trend. Additionally, the formation of a bullish trend line on the hourly chart, with support at $3,270, provides further technical validation for the ongoing price increase.
Potential for Continued Upsides
Analysts are cautiously optimistic about the potential for ETH to continue its ascent. ETH price surpassed the $3,320 and even reached beyond $3,350 resistance levels. However, it's crucial to remember that the cryptocurrency market remains volatile, and unforeseen events can trigger price corrections.
Factors Influencing Ethereum's Price
Several factors are likely contributing to Ethereum's current bullish run. Here's a closer look at some of the key drivers:
• Increased Demand for Decentralized Finance (DeFi): DeFi applications, which enable financial services without traditional intermediaries, are built on the Ethereum blockchain. A surge in DeFi activity can lead to a higher demand for ETH, driving up the price.
• The Merge and Ethereum 2.0: The upcoming Ethereum 2.0 upgrade, also known as the Merge, is a much-anticipated event that aims to improve scalability and security. Excitement surrounding the Merge could be attracting investors and contributing to the price increase.
• Positive Sentiment in the Broader Crypto Market: If Bitcoin, the leading cryptocurrency, experiences a significant price increase, it often has a positive ripple effect on the entire crypto market, including Ethereum.
Looking Ahead: Will the Bulls Maintain Control?
While the current outlook for Ethereum is positive, there are still uncertainties. For instance, a regulatory crackdown on cryptocurrencies by governments or a major security breach on a DeFi platform could dampen investor sentiment and trigger a price decline.
Conclusion: A Cautiously Optimistic View
Ethereum's recent price surge above $3,300 is a welcome sign for bulls. Technical indicators and potential catalysts like DeFi growth and the Merge suggest the possibility of further gains in the near term. However, the cryptocurrency market remains unpredictable, and investors should exercise caution and conduct thorough research before making any investment decisions.
Unpopular Opinion on ETHWe could see some profit taking at this critical resistance level on Ethereum. Though I'm expecting much higher prices after a pullback.
The ETH ETF will be launched next TuesdayThe ETH ETF will be launched next Tuesday, and fueled by the positive news, ETH rose 8%, driving the entire crypto market significantly higher.
The sharp rise in cryptocurrency prices drove IVs of all terms to rise in tandem as well, with BTC implied volatility rising even more than ETH, but both are still at relatively low levels. We have mentioned several times in our tweets this month that a favorable ETH would give the market a boost and that a low IV market is perfect for buyers, and now that option IVs are still low, buyers are still getting better value for their money.
There were multiple daily call options up over 1,000% today, and major trading throughout the day was also dominated by active call buying, which accounted for over half of the volume.
ETHEREUM ON ITS WAY TO ALL TIME HIGHS!!We have sufficient evidence to point to the last corrective phase ending and hence in motion to its next impulsive/trending phase. ATH currently stands at around 4850, with our current price at around 3500, we have to see it earn a third of its value by the end of this impulsive trend. It is interesting to note the correction rebounded right on the 50% Fib retracement from the previous impulsive stage.
ETH ethereum100 and 50 day moving average lines. Ethereum barely inside the triangle pattern. The pattern shows an upside pennant. This shape is not completely negative but it's also not completely positive. I'd say it's a 60/40 shape that depends a lot on the total directional movement of the trend. The trend is "bullish" as most people say therefore the flag shape is better than if the lines were both angled in a negative slope. Each day the lines change. With each day new positions appear and old positions disappear.
Ethereum Analysis JUL-15, 24 Bounce & Profits On the Green $Here is the result of the ETH analysis. Based on its recent movements, we were able to correctly predict the support. Ethereum reached the demand zone we had been anticipating for days and thus rebounded again. This time, we could see ETH rise to approximately above 3600, targeting between 3800 and 4000.
If you followed my analysis from weeks ago, you should be in the green without any issues! Congratulations!
BULLISH ENGULFING with BULLISH REVERSAL ATTENTION ETH traders. Who’s ready for some ETH BULL EXPLOSION?
My BLUE WAVE PLOT has reached its destination to unleash the BULL and has.
BULLISH REVERSAL has now been confirmed. Two price target confirmations just like BITCOIN. Don’t miss out
Two bullish engulfing’s see before and after. ETH will be making its way to the $3,900 target.
This is a 1 DAY TF and BULL PRINT has PRINTED. Delayed but now ready.
BULLISH ENGULFING is from a 23HR TF
Silver Do you think it's gonna continue to fall after breaking my trendline support?according to my view bull run is not over market will continue to climb but it was a massive pull back but amstil on a buying side
Silver Do you think it's gonna continue to fall after breaking my trendline support?according to my view bull run is not over market will continue to climb but it was a massive pull back but amstil on a buying side
Ethereum Short-term Bearish CampaignOver the last 7 days the Ethereum had entered a short-term trading range with the top resistance at 3145. The probability for a short-term downside reversal back to 2875 had risen significantly. We've decided to take Short-term action by shorting the Ethereum. This does NOT cancel or override our recent long-term bullish overview that is still very much valid.
Bearish reversal?Ethereum (ETH/USD) is rising towards the pivot and could potentially reverse from this level to the overlap support.
Pivot: 3,277.65
1st Support: 3,064.76
1st Resistance: 3,357.92
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Ethereum Is Approaching The Daily Trend! Hey Traders, in today's trading session we are monitoring ETHUSD for a selling opportunity around 3300 zone, Ethereum is trading in a downtrend and currently is in a correction phase in which it is appraoching the trend at 3300 support and resistance area.
Trade safe, Joe.
ETH TO NEW HIGHSI believe ETH will surpass previous highs. We are bouncing off of the 200 SMA which is a good sign for potential upward movement. fib level also indicate we can break past 4000, i currently have open long positions in profit as im watching closely. Also news on the ETF could shoot ETH up as well.
ETH LongETH forms an ascending wedge and the upper limit is a great opportunity to take your profit
The conservative top is around $7,500-7,600. For thrill-seekers, the price is $15,000-16,000. Good luck!
ETHUSD Ethereum Market Robbery Plan to make moneyMy Dear Robbers / Traders,
This is our master plan to Heist ETHUSD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing Low using 4h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
ETHUSD-BUY strategy 4-hourly heikin ashiIt feels we may see a much higher level again. The stochastic is positive and further, candle showing motivated bulls dominating the market at this moment in time.
Strategy BUY @ 3.075-3,100 and take profit @ 3,300 for now;. SL below 2,975.
ETH - WATCH OUT for SHAKEOUT : Bear-and Bull TrapsUsing leverage when the markets are trading sideways/range is especially risky, since this is a prime place for algo trading to liquidate positions.
Shakeouts are more common than you may think. The above example on the left is a perfect example of an extended shakeout over a multi-week period before the upwards price action starts.
It is, however, important to keep monitoring the situation. As long as the drop remains fairly small and the price stays close underneath the red trendline, recovery is an option.
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BINANCE:ETHUSD
