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ETHUSD trade ideas

ETH Extreme Weakness - A Warning SignSince my last update on this chart, Ethereum has broken its long term uptrend and dropped almost 40% in value. This was back in May of this year: Zoomed out, you can see the failed long term trendline. Obviously, a break back above it would be a bullish sign, but there's a long way to go, as it's currently around $4,000. Right now, it rests on its 200 and 100 weekly moving averages (teal and yellow on my chart). There really isn't much support below here at all until previous bear market lows, near $1,000. In contrast, Bitcoin has a long way to fall before arriving in the same position. This is not unlike the previous cycle, where ETH bled significantly on its ratio against Bitcoin. For crypto bulls, this may be a good sign. However, there is still plenty to fall on the ETH/BTC ratio after making a macro lower high: There is no support on the ETH/BTC chart until lows not seen since 2020. It doesn't bode well for the #2 cryptocurrency, as it was unable to make a new high against Bitcoin. This means it is unlikely to outperform again on longer timeframes. This isn't a great look either, given the new ETH ETF's. I have no intention of buying ETH again, after making significant profit from 2018-2021 (buying around $100 and selling near $3,000). Can't complain about those gains at all, especially as its price hasn't managed to really hold above that price point this time around. On the bullish side (in the short term) if price continues to hold here, there could be a corrective wave up towards the 50 week MA near $2,800 (red). As for Bitcoin itself, the 200 week MA is a little below $40k at present. Let's see if price can break down from the current support at the 50 week MA (red). If support continues to be held here, it is likely to hold for ETH as well. Now, what about this rate cut tomorrow from the U.S. Federal Reserve? Given retail sales and the apparent strength of the economy, it seems fairly likely that 25 bps will be the decision. Now, investors and other market participants are quire wary of other economic data, which could easily signify a recession. Markets have been volatile in recent weeks. The Fed must tread carefully. If they cut by 50, it could signal to investors that they tightened too far, and are taking greater steps to curtail a recession. This might spook the market. My guess is that even with the 25 expected bps, the market will have the same lackluster reaction, particularly as it's not a meaningful rate reduction. Either way, I don't think the market will be pleasantly surprised enough to cause a significant bump up, essentially making tomorrow a "sell the news" event. We'll see though! Perhaps it really is that simple: rate cuts=more liquidity for a pump. This is meant for speculation only! Thanks for reading. -Victor Cobra
COINBASE:ETHUSDShort
by VictorCobra
3
ETH-USDT 4H chartHello everyone, let's look at the current ETH situation considering the four-hour interval. In this situation, we can see the price fighting against the trend line Let's start by setting goals for the near future, which include: T1-2422$ T2-2583$ T3-2702$ I T4-2854 Now let's move on to the stop-loss in case the market continues to decline: SL1 = 2346$ SL2 = 2210$ SL3 = 2061$ SL4 = 1939$ the RSI shows that we are approaching the upper limit, which may provide relief or inhibit growth in the coming hours
COINBASE:ETHUSD
by cryptodailyuk
Ethereum 4 Hour Chart Bearish Trend & Disappointing PerformanceEthereum 4-hour chart on Coinbase looks extremely bearish, with ETH trapped in a descending channel. I'm quite disappointed in Ethereum's performance. Having been around for nearly 10 years, I expected it to be much stronger by now, with a stable trading range of around $8,000 to $15,000. Well here it is support is at $2,222, and we're looking for a potential bounce upward. If this support level fails, the next support level is at $2,150. Hopefully, Ethereum will turn things around from there.
COINBASE:ETHUSDShort
by CryptocurrencyWatchGroup
Could Ethereum be on the verge of a major reversal?Yello, Paradisers! Could #Ethereum be gearing up for a major reversal? All eyes are on this critical support zone, and what happens next could shape the market in a big way. Let’s dive into the details. 💎#ETHUSDT is once again testing a strong support zone between the $2,200 to $2,000 levels. This range has become increasingly important, and we’re starting to see the development of a possible triple bottom structure—always a strong signal for a potential reversal. 💎Back in early 2024, this exact zone served as the foundation for a rally that took Ethereum to the $4,000 level. With history potentially repeating itself, we could be looking at another significant move higher if this support holds. 💎Once the reversal starts Ethereum is set to face initial hurdles at $2,350 and a descending resistance around $2,400. These levels could present some challenges, but if the bulls break through, we could see strong momentum supported by rising volumes, with price targets initially set at $2,550 and then towards the more formidable $2,720 to $2,820 zone. 💎This $2,720 to $2,820 resistance also aligns with the weekly time-frame and could be a tough battle for bulls on their first attempt. However, a clear breakthrough here could trigger a major higher time-frame reversal, marking the end of the ongoing bearish trend. Paradisers! Remember, patience and strategy are key in these moments. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
COINBASE:ETHUSDLong
by MyCryptoParadise_Jack
4
ETH still on liquidity zone we need volume & Buying Pressure ! Ethereum is still in a bearish market. It had a very small upward movement, lasting maybe 2 or 3 days, but it continues to show an overall bearish trend. The only thing I can detect here is that we are still in a liquidity zone. However, there hasn't been enough volume for Bitcoin to gain strength and break the bearish channel. That’s the key! ETH needs to break the resistance of the bearish channel, but it's still in the liquidity zone. Let’s hope to see candles with buying pressure this week, as this would indicate that ETH is ready to take off. But for now, it's just a matter of watching its movement. Best regards.
COINBASE:ETHUSDLong
by RocketMike111
Successful cancellation of seasonal salesAs we approach the quarter change, I want to review the market situation once again. September is seasonally a month of sales, but at the end of August, the bulls did not show activity with a hike to 3000, allowing the price to slide to work out bearish goals at the 2000 retest. The signals for the 3000+ rest remained unprocessed. The picture is similar to a game of giveaway to safely extinguish seasonal sales at the expense of unprocessed goals from above. I think this scenario will increase the confidence and activity of buyers with seasonal growth in October. At the moment, I expect the flat to continue in the range of 2250-2750 before the opening of the new quarter. The probability of smooth growth prevails in order to return to the 3000-3250 range against the background of an attempt to reverse the semi-annual candle in the new quarter. The reason for a new test of 2000 before the end of the month can only be a new strong wave of strengthening of the dollar, but this did not happen even after the ECB rate cut. The opening level of the last quarter will have a strong impact on the market dynamics at the end of the year. An opening above 2500 will be enough to support purchases until the end of the year with the trend continuing at the beginning of the new year. To date, given the market situation, I am leaving all positions in operation, I have reduced only the position on quick, because the price has approached a fairly strong resistance at 0.06 and judging by the monthly chart, the probability of a retest of 0.035-40 prevails before continuing to grow to 0.075-90 and above in the new quarter. GFT and og remain the most reliable and liquid tools for storing funds as an alternative to quick. Together with them, Vib has less liquidity, but it is also well suited for this task because it is one of the most oversold coins without a monitoring tag. Also, without the monitoring tag, pros and ast remain the most oversold coins on binance, which double-check loy due to incomplete issuance, creating interesting entry points, but also giving more abrupt disruptions against the background of a general market decline. For pros, with the current issue, the target remains a retest of 0.75-1.0, for ast, a retest of 0.150-175. The most oversold and low-liquid coins with a monitoring tag, which gives rise to sharp breakouts, remained ooki and oax with targets up to 3X at least.
BITSTAMP:ETHUSDLong
by Strateg_
ETHUSD: Bouncing back to ATH | 57.50% Probability!I'm currently bullish on Ethereum (ETH) due to several key fundamentals aligning with this bias: 1. Upcoming network upgrades: The Ethereum ecosystem is preparing for the Cancun-Deneb upgrade, which is expected to improve network efficiency and scalability. 2. Institutional interest: There's growing interest from institutional investors in Ethereum, potentially driving increased demand and price appreciation. 3. DeFi and NFT growth: The continued expansion of decentralized finance (DeFi) applications and the NFT market on Ethereum contributes to its utility and value proposition. 4. Potential ETF approval: The possibility of Ethereum ETFs being approved could open up new avenues for investment and liquidity. 5.Technical indicators: Recent price action suggests a potential bullish breakout, with support levels holding strong. To capitalize on this bullish outlook, I'm employing a probability-based approach for entering long positions. 2W: 1H: 57.50% probability, reaching ATH!
COINBASE:ETHUSDLong
by Jasminex1x2
ETHUSD View!!Stablecoin issuer Circle is moving its global headquarters to New York City, ahead of the firm’s planned Initial Public Offering (IPO). Circle, the issuer of the world’s second-largest stablecoin USDC USDCUSD , is moving into “one of the top floors of 1 World Trade Center.” The move was announced by Jeremy Allaire, the co-founder and CEO of Circle, who wrote in a Sept. 13 X post: “We are moving our Global HQ to New York City, building out a flagship space on one of the top floors of 1 World Trade Center, a historically important landmark in standing for American global economic leadership”
COINBASE:ETHUSDLong
by FXBANkthe8055