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ETHUSD trade ideas

ETH on daily timeframe Hello traders, Based on my analysis, i have identified a bearish trend on the higher timeframes. Additionally, i expect ETH to reach the $3200 zone in the lower timeframe to complete its pullback. After reaching the $3200 zone, i suggest considering both the price action and momentum. I believe that there is a possibility for the price to go down to $2700, and if this level is breached, i anticipate a further decline towards $2000. It's important to closely monitor the price action, consider other technical indicators, and be aware of any news events that could impact Ethereum. Market conditions and sentiment can change rapidly, so it's crucial to adapt your analysis accordingly. Please remember that trading involves risks, and it's important to conduct thorough research, implement appropriate risk management strategies, and make informed decisions based on your own risk tolerance and financial situation. If you have any further questions or need clarification, feel free to ask.
BINANCE:ETHUSDShort
by somayehbasiri
BTC vs ETH ETFOn the left we have the BTC chart and on the right the ETH chart. The BTC chart is from fall 2023 when BTC ETFs began to be filed and the hype about those ETFs lead us on a monumental uptrend. From a chart perspective BTC had a double top followed by a double bottom (blue line/ green arrows). When price created that double bottom, that is when BTC ETF speculation began to grown and form a strong bottom before the following rally. Today we see ETH in the same spot from a chart perspective. A double top followed by a double bottom (blue line/ green arrows) trying to be established as we speak. We have heard rumors we will see the ETH ETF be approved soon which has lead to more filings being placed. Therefore, are we about to witness an altseason led by ETH that follows a similar pattern to the BTC ETF cycle approval?
COINBASE:ETHUSD
by VIAQUANT
Ethereum Daily OutlookETHUSD trades below the $3000 level due to risk aversion. It hit a low of $2822 yesterday and is currently trading at around $2970. According to Bloomberg reports, ETH ETF will commence trading by Jul 15th, 2024. The intraday bullishness is possible if it holds above $3200. On the higher side, the near-term resistance is $3200. Any significant jump above the target is $3520/$3700/ $4000/$4500/$5000. Significant bullish continuation only above $4800. The immediate support is around $2800. Any breach below $3100 confirms bearish continuation. A dip to $3000/$2800 is possible. A violation below $2800 will drag the Ethereum to $2500/$2300/$2000. It is good to buy on dips around $2850-60 with SL around $2750 for TP of $4500.
BITSTAMP:ETHUSDLong
by adiechiii
1
Ethereum On A 7 Year Old Support! Is This The Bottom?Now that crypto has been trading bearish for weeks, there might be a light at the end of this dark tunnel. Ethereum has seemingly found support on a 7-year old support line, which originated late 2016 when ETH was still trading around 7$. As seen on the chart, the support line has also signaled a pump back in September of 2023. If this support holds, it might be the last time that ETH will be trading at 3,000$ forever. On the other hand, if BTC will continue to fall, ETH will likely follow. It remains to be seen whether ETH bulls can keep the BTC bears in check. I'd say it's more likely that ETH will fall through this support in the near future than not. Nevertheless, ETH is trading at a very interesting place for bullish traders.
KRAKEN:ETHUSDLong
by FieryTrading
Ethereum's Q3 2024 Surge: A 50% Bull Run on the HorizonSupport and Recovery: Ethereum reversed from the crucial $2,850 support, indicating a potential new bull cycle. Price Jump: ETH saw a 4.87% price increase in the last 48 hours, supported by Bitcoin holding above $56,000. Market Sentiment: $52 million in short-side liquidations suggests weakening bearish control over ETH. Market Cap: Ethereum's market cap is $368 billion, making it the second-largest crypto. Current Price: ETH trades at $3,063, with a 1.42% intraday gain after a 2.99% overnight jump. Double Top Formation: The weekly chart shows a failed double top formation with a neckline at $2,844. Fibonacci Level: The neckline aligns with the 50% Fibonacci retracement level. RSI Indicator: Weekly RSI below the halfway line, but reverse divergence hints at an uptrend. MACD Indicator: Negative crossover in the MACD lines fuels bearish histograms but suggests potential reversal. ETF Catalyst: Anticipated Ethereum ETF listing could significantly boost ETH prices.
COINBASE:ETHUSDLong
by Coinpedia-Market-Insight
what you have to lose vs what you stand to gain.There are a lot of punk ass bitch, thin skinned, yuppy day traders that will tell you “the ETF is priced in” or “it’s a buy the rumor sell the news event”. Anyone that understands what Ethereum is and why it matters, knows the ETF is irrelevant. It wasn’t designed to be a novelty derivative for hedgies and brokers to speculate on. Ethereum is designed to migrate away from untrustworthy hedgies, brokers and the derivative market. For the kind of settlement finality that they have failed to provide. Let’s say this is the worst case scenario and all the rats tuck their tales and abandon ship all at once, today. That would bring us down to anywhere from $2,500 to $1,800. BFD! But on the other hand, look at what you have to gain if Wall Street migrates to Ethereum as a settlement layer, away from the DTCC. I’m not talking full scale adoption. Just dipping their toes and testing the waters. But for reference the DTCC settles Quadrillions of dollars in transactions. Obviously eth isn’t gonna grow that big over night or even this cycle, but it has a lot of room to grow.
COINBASE:ETHUSDLong
by KekistaniCentralBank
1
ETH Target REACHED ! Follow my Ethereum Analysis For those who followed my last analysis of ETH on the daily timeframe and had the patience to wait until we reached our target, I am pleased to inform you that we have reached a very important point of interest where there is a high probability that the price will consolidate a bit before bouncing back. So far, the analysis has gone perfectly according to plan. Since Sunday, I have opened a percentage, and if it continues to drop a bit more, I will keep adding. Regards, and thank you for your support.
COINBASE:ETHUSDLong
by RocketMike111
ETHUSD: Thoughts and Analysis Today's focus: ETHUSD Pattern – Support formation Support – 2800 - 2880 Resistance – 3073 Hi, traders. Thanks for tuning in for today's update. Today, we are looking at ETHUSD on its daily chart. The key question we are asking today is: Has price started to find key support, or are we set to see one more low? For now, buyers contnue to hold firm from 2800. Has the Mount Gox news been overdone, or will this new supply dump continue to push coins lower? Good trading.
EIGHTCAP:ETHUSD
by Eightcap
1
Ethereum’s Crucial Crossroad: Is a Major Move Imminent?Introduction: Ethereum is at a pivotal point as it approaches significant support and resistance levels. The weekly and daily charts provide crucial insights into potential price movements. This analysis explores the scenarios that could unfold based on current market conditions and technical patterns. Weekly Time Frame Analysis: Ethereum has been strongly rejected from the significant supply zone at $4000 once again. In the coming week, there is potential for the price to retest the curved support line it has held above for over a year. A clear double top pattern is visible in the weekly time frame. If this week’s candle closes below $2900, I expect a price correction down to $2500. As seen in the chart, during the bear market of 2022, a break below $2500 led to panic selling, making this level a critical support area once again. Daily Time Frame Analysis: In the daily time frame, Ethereum has broken its ascending curved line, which has been in place since October 2023. If the daily candle closes below $2913, there is potential for a decline to $2157. This target corresponds with the activation of the double top pattern upon breaking the $2913 support. The increased volume following the break of the curved line further confirms the bearish trend. Additionally, the RSI is entering the oversold zone, which could trigger panic selling and a new wave of downward pressure. Ethereum's Two Scenarios: Given the developments in the higher time frames, I foresee two main scenarios for Ethereum, with the $2880 support level playing a crucial role in both. Bullish Scenario: If the price finds support at $2880 and forms a strong green candle, there is potential for a temporary rise to the green trend line and a pullback to the $3370 resistance. At that point, I will look for a setup to enter a short position. Bearish Scenario: If the price decisively breaks through $2880 with a strong candle, it is likely to pull back to this level before continuing its decline towards $2300. Conclusion: Ethereum’s price action in the coming days will be crucial in determining its medium-term trend. The $2880 support level is key to both bullish and bearish scenarios. Traders should closely monitor price movements around this level to make informed decisions. Stay vigilant and be prepared for potential market shifts.
COINBASE:ETHUSD
by pouoyannn
6
ETH/USD at Critical Juncture:Overview: The daily chart provides a more granular view of the recent price action and highlights shorter-term trends and key levels for COINBASE:ETHUSD Key Technical Points: 1. Trendline and Channel Patterns: - The price is navigating within a smaller descending channel within the larger weekly channel. - A breakout from this descending channel could signal the start of a new bullish phase or continuation of the downtrend. 2. Fibonacci Retracement Levels: - The daily chart also respects the Fibonacci retracement levels, with the 0.618 retracement at around $3,700 acting as recent resistance. - The 0.5 and 0.382 levels at $3,121 and $2,820 respectively, are crucial for determining the next price direction. 3. Moving Averages: - The daily 50MA has been a critical level of resistance recently. The price needs to break and hold above this moving average to confirm a bullish reversal. - The daily 200MA is providing long-term support and is currently around the $2,820 level. 4. Volume Analysis: - Volume spikes have coincided with key price movements, indicating strong interest at critical levels. Conclusion The daily chart indicates a struggle with resistance around $3,121. A break above the 50MA and 0.618 retracement would confirm a bullish reversal. Support at $2,820 is key for maintaining the bullish outlook; otherwise, lower levels might be tested.
COINBASE:ETHUSD
by CryptoFallen
Ethereum Calls For Patience... Better Prices Soon (Wait!)Believe it or not, I can feel you... I can feel your fears, your worries, your anxieties and your doubts. I can feel your need for guidance at this crucial time... That's good; I am here for you. 👉 Ethereum is going lower; plain and simple. I shall explain! What you see depicted on the chart is a bearish pattern. What just happened is a bearish move; a strong challenge of support. This support level, marked here with red lines, held nicely but still, ETHUSDT is set to move lower; why? After the 12-March peak the next peak (27-May) we have a lower high. That's all we need to know. The lower high indicates a lower low. Support holds but just became weaker and it will be challenged again... With the high volume coming in on the first try, the second attempt will take it down and if not the second, the third. But there won't be a third. The chart is showing a clear bearish bias, so buyers have to wait. If you are looking to buy, why not wait for the best possible price? If you are looking to go long, wait for the chart to tell you so. If you don't understand what I am saying, then the more reason for you to wait... Better prices are coming and once you get a better price, it is win situation... Think about it! Thanks a lot for your support. You are appreciated. You are a divine living being... You are eternal... Remember this. Namaste.
BITSTAMP:ETHUSDShort
by AlanSantana
4