ETHUSD trade ideas
July 5 Options Data18,000 BTC options are about to expire with a Put Call Ratio of 0.65, a Maxpain point of $61,500 and a notional value of $1 billion.
164,000 ETH options are due to expire with a Put Call Ratio of 0.36, a Maxpain point of $3,350 and a notional value of $470 million.
The crypto market started July with heavy losses, with all major crypto falling to new lows in months. Just after the quarterly delivery, the market saw huge volatility, with major term IVs increasing significantly, a good opportunity for institutional sellers to build positions.
The market atmosphere is more pessimistic, and the IV of put options on BTCÐ has risen significantly, and the term structure shows an inversion of far-low and near-high. ETH ETFs will have clearer news in the near future, and those who want to take the plunge can buy some end-of-the-month calls, which are far more cost-effective than long futures.
Ethereum - Bullish CampaignA strong pull back right above the key-level support of $3350 suggests that an upside reversal is underway. We are flipping over with a new bullish campaign aiming at the next significant short-term resistance of $3600.
ETHUSD-BUY strategy 4-hourly chartWe are certainly a bit overdone on the lower end of the spectrum. The crypto is oversold and we are reaching GANN levels requiring some correction.
Strategy BUY current @ $ 2,900 area and place SL below $ 2,825. Profit order @ $ 3,150 for now.
ETH - Macro Long With FED Pivot.Markets toppling. Looks like the trend has finally shifted in favour of a corrective period.
Will be looking to build a macro long position once we hit some sold retracement levels. Should coincide with FED pivot later in the year.
To 3550Ethusd has given us a buy signal on the 30 min tf. Currently a new week is about to begin soon and a retest of the previous resistance zone is expected. After this zone is retested a move lower is expected after.
Ethereum - Is everything already over?CRYPTO:ETHUSD is struggling to break above the previous all time high and might correct soon.
Please don't look at headlines and news regarding cryptocurrencies. Overall these messages are just preventing you from objectively looking at the chart. Ethereum is creating higher highs and higher lows, meaning that Ethereum is trading in an uptrend. Even if Ethereum is not able to break above the previous all time high, market structure still remains decently bullish.
Levels to watch: $4.000, $2.200
Keep your long term vision,
Philip - BasicTrading
ETHUSD LONG 3100 SL & TP ON CHARTGreat entry opportunity at a discounted ETH just before the ETF inflows come into play.
I believe price is sitting in a prime area for buys, probably drawn down for the purpose of discounting new investors.
Most ETH holders are long term, for the speculators I see a lot of short sellers taking profits in this area BTCUSD has major support on 57.5k I'm confident in a rebound from this area.
Risking 1% on this position looking for 3-4R
large stop loss covering below the 3000 level to give the trade its best chance
Is it time to buy ETH?The price has gone below the support level of 3.200 but we still see movement in the ascending channel globally
The next support is in the 2.800-3.000 zone and this is a very powerful level
Moving below the support level at 3.000 may lead to a test of the next support level at 2.000
For now, I vote for the fact that we are in the consolidation zone and after leaving the triangle formation we may well test the historical maximum
The main task now is to stay above 3.000
Zone 2.800-3.000 remains a buy zone for me
Targets for sale are a historical maximum if there is an exit above 3.800
Whales are showing low volatility expectationsCrypto markets suffered heavy losses due to multiple sell-offs, with BTC falling to $57,000 and ETH to $3,100.
Options market data shows that BTC's major short term IVs are up 10%, Dvol is up 3%, ETH related parameters are up slightly less than BTC, and Skew are all clearly skewed in a bearish direction.
BTC Block put volume is clearly on the rise, the distribution of transactions is more complex, the Jul12 58,000Put is the largest one.
Looking at Options Data, Whales are not too worried about potential downside risk at the moment, and are mainly in the process of adjusting their positions for last week's quarterly delivery, especially for ETH, where Whales are showing low volatility expectations.
ETHUSD morning updateMy ultimate bearish count, which seems price action after November 2021 high as a large regular flat wave ii.
Wave ((a)) of ii is a zigzag, wave ((b)) of wave ii is a regular flat, wave ((c)) would be an impulse wave down and likely complete below $1000.
Wave 2 of ((c)) ends up being an expanded flat., wave 3 of ((c)) currently in progress.
I believe this count would be contingent on an equity markets crashing as well.
ETH PERPPETUAL TRADE, Bought at $3538ETH PERPPETUAL TRADE
ETH BUY SETUP
Currently $3540
Bought at $3538
(Trading plan If ETH down to $3470 we will add more buy)
Expecting target $3634 0R ABOVE
Incase of early exist will update this anaylsis
Its not a Financial Advice
ETH Weekend Update, Move towards $3600 ETH Weekend Update
ETH holding demand levels $3450-$3430
Currently trading at $3480-3490
I expecting move towards $3560-3620
Its not a Financial advice
Last Chance to Buy ETH Before the ETF LaunchLast chance to buy Ethereum before the spot ETF launch expected next week.
Ethereum Value Slashes by 99%Though this episode of crypto winter is very soon due to be a thing of the past, just a regular seasons do, it will come around again! Considering the all-time structure of Ethereum's price chart, I believe the next crypto winter will be especially bad for Ethereum.
While many altcoins are due for very sizeable runs (100x - 500x and more) over the next couple of years, I think Ethereum will top out near the $6000 mark, giving it a 3.6X push from current price levels. Beyond this, there is great chance that the sloping formation begins to drastically slip. Despite completing 2 sizeable five-swing moves and a correction between the two, its unlikely that this equates to a truly impulsive formation being developed.
The tell-tale sign for me is the extreme shallow correction that we see in the boxed area. Some would classify this as Wave 2 but I'm more inclined to believe it to be a Wave B instead. While it is possible for Wave 2 to find support/terminate near the 0.38 fib level, it is quite rare and even when it does, generally it still makes a return to the previous sub-wave 4. In this case of Ethereum this has not manifested.
If not in an impulsive wave, as the price action suggests, there are 2 options as to how this could play out:
1 - it Luna bombs and eventually makes new all-time lows.
2 - it drops to 0.618 - 0.89 fib levels (compared to the size of Waves A and C combined) and finds support there before resuming upside.
With this in mind, support at/near $20 is the very best outlook for Ethereum's mid-term future. From $6K-$7K, this would equate to a massive 99% drop and this is a very perfect reason why its important to study and understand the science of price action. The last macro crypto pattern I've seen resemble this form was Luna. I thought it would find support at $1.50 but instead it dropped to $0.0000. My Luna prediction was shared well before the drop came. We will see in the years ahead if Ethereum follows suit or if bulls make a stand.
Until next time, stay safe and don't drown. Peace!
ETHEREUM SWING LONG|
✅ETHEREUM is trading along the rising support
And as the coin will soon retest it
I am expecting the price to go up
To retest the supply levels above at 3382$
LONG🚀
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ETH updateETH has stopped on important Support area (twice).
WHN/IF we break under (3200), we should see next Level (dotted area).
$ETH #Ethereum Trading IdeaETH/USD (Ethereum) formed a descending channel pattern. Traders are trading it in this channel at the current moment. At around $3,300 there is strong support, but if we lose it we can see lower prices on CRYPTOCAP:ETH like $3,000. Trade inside this channel till it breaks!
Could price bounce from here?Ethereum (ETH/USD) is falling towards the pivot which has been identified as a pullback support and could bounce from the level to the 1st resistance.
Pivot: 3,355.63
1st Support: 3,272.65
1st Resistance: 3,468.05
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ETH, expect the next big move. Note the FVG labeled in the chart, imagine its a big magnet for the price to draw.
I think we will see price slowly grinding up and once it reaches to the FVG, it will accelerate the move.
Just be prepare and don't let those "pro traders" mess up your mind. I have been there. I am still bullish.
Jun.26-Jul.1(ETH)Weekly market recapThe PCE of May was better than the previous value, and the power of shorts has slowed down. This Friday will usher in important NFP. This will restart the medium-term trend. Many financial markets pulled back after rise in NFP in last month. Although we all know that the increase in NFP is likely to come from political needs and the increase in illegal immigration. Therefore, there is a divergence between it and the unemployment rate. However, with the market's full interpretation, we believe that as long as NFP is not significantly higher than expected, the market may ignore NFP and price a new round of interest rate cuts.
The SEC recently returned some applicants’ S-1 documents regarding ETH ETF and required them to submit documents again within July 8. ETH ETF is getting closer. The formal approval of the BTC ETF is after the U.S. stock market closes, so the ETH ETF may also be within this time point. Economic data aside, the ETH ETF will be key over the next 10 days.
Although Mt. Gox brought FUD, the BTC ETF has turned to net inflows for 5 consecutive days, which shows that institutions have reopened BTC.
ETH has remained fluctuation over the past week, as we expected. But the ETH ETF is about to be launched, and this cycle is still for ETH. The response from an indicator level is lackluster. There are no obvious whales on the WTA indicator, and trading volume has not increased. The ME indicator continues to fluctuate, causing the wavy area to further narrow.
In summary, we believe that ETH's performance this week may be stronger than BTC, but this depends on the time when the ETH ETF is listed. 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.
