ETHUSD trade ideas
How Will the Steady Ethereum Price Impact the Cryptocurrency MarEthereum, the second-largest cryptocurrency by market capitalization, has seen a period of consolidation after a recent rally. While Bitcoin has faced resistance near the $100,000 level, Ethereum appears to be in a more favorable position, attracting capital from investors looking to diversify their crypto portfolios.
Ethereum's Relative Strength
Ethereum's relative strength index (RSI) suggests that the cryptocurrency may be oversold, indicating a potential for a bullish reversal. This, coupled with the ongoing development of the Ethereum network and the anticipation of future upgrades, has led many analysts to believe that Ethereum is poised for further growth.
The Ethereum Network's Potential
Ethereum's underlying technology, the Ethereum Virtual Machine (EVM), has the potential to revolutionize various industries, from finance to supply chain management. As the EVM continues to evolve, it is becoming increasingly capable of handling complex applications and supporting a growing number of users.
Additionally, the upcoming Shanghai upgrade is expected to unlock a significant amount of Ether that is currently staked on the network. This could lead to increased liquidity and potentially drive up the price of Ether.
Crypto Rotation: Ethereum Benefiting from Bitcoin's Weakness
As Bitcoin has encountered resistance near the $100,000 level, some investors may be looking to diversify their portfolios by allocating funds to other cryptocurrencies, such as Ethereum. This shift in investor sentiment could further fuel Ethereum's price rally.
Key Factors to Watch
• Regulatory Clarity: Clear and favorable cryptocurrency regulations, particularly in major markets like the United States, could significantly impact Ethereum's price.
• Institutional Adoption: Continued institutional adoption of Ethereum and its ecosystem could drive significant demand for the cryptocurrency.
• Network Performance: The performance of the Ethereum network, including transaction fees and processing times, will be crucial for its long-term success.
• Market Sentiment: Overall market sentiment towards cryptocurrencies will influence Ethereum's price. A positive market sentiment could lead to increased demand for Ethereum.
Conclusion
While Ethereum's price has steadied after a recent rally, the underlying fundamentals remain strong. The network's potential, coupled with the ongoing development of the Ethereum ecosystem, positions Ethereum as a promising investment. However, it's important to remember that the cryptocurrency market is highly volatile, and investors should exercise caution and conduct thorough research before making any investment decisions.
As the crypto market continues to evolve, Ethereum's role as a leading platform for decentralized applications and smart contracts is likely to solidify, making it a compelling choice for investors seeking exposure to the future of finance and technology.
ETH Road to $21,000 USD Keep it simple, don't over trade. ETH will surprise everyone, we should be entering the 'crazy' part of the bull market very soon. ETH will hit $18,000-$21,000. COINBASE:ETHUSD
ETH Final destination Right it's insane Goal but it is what it is, the goal is 11k in next 7 month would it be hit?
who knows but someone has to take the risk. and make a move
ETHUSD Set for Price Gains as Trend Turns BullishWhile Bitcoin is close to its all-time high of March 2024, altcoins such as Ethereum are lagging behind. However, ETHUSD is also set for price gains in the near future. The price has stabilized at a fair value gap and is now showing bullish price action.
The DMI (Weekly Chart) is also showing a change in the sign of the trend from bearish to bullish.
We are therefore bullish for ETHUSD in the coming weeks and months.
Eth to 4250 on this cup and handleWe have completed a cup and handle on eth. The target zone is 4250 zone. IF we break the handle this pattern is invalidated
ETH back down to historic support . Since the staking update ETH has lost almost all of its juice to solana . Back to historic support in thr 2700 area . Whole
Market looks over bought from stocks to crypto . DXY is looking like it could break out . Top signals with old out dated coins and worthless memes pumping .
ETH - bullishWe are just getting started with ETH. Gary is out and we will see some clarity related to altcoins. ETH will benefit from it and we should be seeing $12-15k top.
ETHEREUM RESISTANCE AHEAD|SHORT|
✅ETHEREUM will soon retest a key resistance level of 3568$
So I think that the pair will make a pullback
And go down to retest the demand level below at 3366$
SHORT🔥
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ETH bullish for a few hoursETH is looking bullish after bullish back now sitting in the .618 retracement buy zone.
TP1
TP2
or
TP3
Are the targets...
ETH will it ever breakout of long term trendline?Love ETH but it slows overall crypto because fee heavy and slow. Price reflects this. If fees ever drop and the network can handle viral "Kitties", I BE back. Good luck and watch $3800 - $3875 zone.
Ethereum is selling Ethereum (ETH) trades near $3,300 on Friday as on-chain data shows investors' profit-taking has weighed down on its price. The top altcoin could stage a 10% rally to $3,732 if it retests and overcomes the $3,400 resistance level.
Ethereum investors realize profits following recent price rise
Since Ethereum's 10% rise on Thursday, Santiment's data revealed that investors have booked nearly $1 billion in profits — one of the highest in the past three months.Most of the profit-taking potentially came from long-term holders, as revealed by the spike in ETH's Age Consumed metric, which measures the number of ETH changing addresses daily relative to the days since they last moved. Spikes in this metric indicate a large number of previously idle tokens moved between addresses.
Rough timeline for crypto Newbies - ETH run based on past runsFor newbies to the crypto space wondering where we are in the ETH cycle, I hope this helps.
Beware of scams - if its offering free crypto - google for scams - if sounds to good to be true - google for scams. plenty of reddit posts out there to learn from so you dont learn the hard way.
happy trading folks
ETH/USD: Charting the FutureThe price is in overall buy and as bitcoin is showing its going for 100k, then there is possibility that ETH will follow.... but its best that we just follow our analysis which is telling us that there was a break of resistance where the price now must firstly come back and show us a good entry point with a confirmation which can be done with just a bounce or after a fakeout. Best of luck to everyone and have a good trading week :)
Bullish for Ethereum to outperform Bitcoin in 2025I have been in strong conviction for Bitcoin since it was around $28000 last year.
BTC has stronger momentum than ETH since 2023, as long as liquidity still abundant, I think Altcoin will outperform Bitcoin in 2025 and Ethereum is the largest Altcoin that issued ETF in traditional exhcnage where the wallstreet guys can trade.
I am not a cyrpto expert, the only fundamental I know for ETH is that ETH/BTC tends to achieve positive return in the next year after Bitcoin halved.
Sizable upside possible on weekly close above 2880$Pretty nice weekly setup on Ethereum.
* Price above MA20/W
* RSI / Stoch RSI on the rise.
* MACD about to crossover
A weekly close on volume above Par SAR (about 2882$ currently, falling) would signal inversion and prefigure a quick move towards 3300-3400$ area, edge of upper Bollinger band.
In case such scenario happens, let's have a look at monthly picture.
As you may notice, price is currently consolidating at support. A move up on W assisted by volume would likely ignite a stronger move toward 3800-4000$ area within few months.
Meaning a (conservative) 30% upside.
Watch it closely.
ETH/USD is currently forming a textbook Cup and Handle patterEthereum (ETH/USD) is currently forming a textbook Cup and Handle pattern, with the rounded "cup" shaped between late August and early November, and a shallow "handle" consolidating below the key $3,500 neckline resistance. This pattern, a bullish continuation signal, suggests a breakout is imminent within the next 1–2 weeks, provided the resistance is breached with strong volume. The handle depth remains shallow, adhering to the rule that it should not exceed 50% of the cup's height, maintaining a bullish structure. Confirmation occurs upon a breakout above $3,500, signaling the start of the next bullish leg, with the pattern projecting a target of $4,750 (calculated by adding the $1,250 cup height to the neckline). Key support lies at $3,300 and $3,250, where a breach would invalidate the pattern. Traders should monitor closely for volume expansion during the breakout and consider entering on confirmation, with stop-losses below $3,250 and profit-taking at $3,800, $4,000, and the target of $4,750. What do you think ?
15 min ETH - Suggesting a change of directionETH hasn't been following the large swings of BTC. Here ETH is attempting to stop its' downtrend as we watch BTC continue it's plundering till BTC's 4-hour indicators bottom out.
I made a quick 15 min run-chart to watch the fun of Price Action "PA".
I think ETH will continue into an uptrend with a low chance of one more dip.
ETHUSD US Election Rally Buy ETHUSD @ 2415 - 2395👾ETHUSD💵 US Election Rally
💎Buy ETHUSD @ 2415 - 2395💎
Tuesday 11/05/2024 07 PM
2355 StopLoss —>
2420 BreakEven+
Scalp
TakeProfit 1: 2435
TakeProfit 2: 2455
TakeProfit 3: 2475
Daily
TakeProfit 4: 2495
TakeProfit 5: 2515
Swing
TakeProfit 10: 2615
TakeProfit 20: 2815
TakeProfit 30: 3015
Position
TakeProfit 50: 3415
TakeProfit 100: 4415
TakeProfit 200: 6415
TakeProfit 300: 8415
Richard Eyo ~ The Wizard 🧙♂️
ETHUSD - Volume is Insane Using this aggregated Ethereum Volume indicator and wow I didn't expect that
Volume is massive since 2020, I expect nothing but bull after seeing this
lets go
ETHUSD updateI prefer clean EW counts, but in this case (recently trading a lot of us stocks) - can not pass by such a nice cup and handle.
I won't repeat the same posts - many are very bullish with ETHUSD, just confirming the prevailing sentiment :)
trade safe and have a great trading week!
ETH/BTC with SupplyThis chart looks at a ratio of eth price to BTC price, each divided by their respective circulating supply as a way to determine valuation with respect to one another. Multiplied by 1,000 for ease of use.
