ETH/USD Elliott Wave AnalysisEther ETH/USD Elliott Wave Analysis
Minor Wave 3 of Intermediate Wave (5)
TradingLevels Support Major level TL3|3,000
ETHUSD trade ideas
Ethereum Is Poised For More GainsEthereum with ticker ETHUSD is nicely waking up after recent higher degree A-B-C correction in wave (4) that can be bottoming at 2700-2850 area as price recovered sharply in the last two weeks that can be first wave 1 of a higher degree wave (5). Notice that there was also a broken channel resistance and five waves up from the lows up to 3565, followed by a sharp drop which can belong to wave 2 correction. So, more gains can be seen now after a Trump's speech at Bitcoin conference in Nashville. There were a lot of positive comments from Trump that can send the price at least up to 3800 area, but we believe it can be trading in wave 3, especially if ETH breaks above channel resistance line near 3800 level. At this stage, alternatively just be aware of more complex wave 2 that can retest 3000 support level.
Ethereum (ETH) at a Major Inflection Point Amid ETF ApprovalVolatile Market Action:
The crypto market's volatile price action continued last week, with much of the previous week’s gains being retraced.
Focus on Ethereum:
This week, Ethereum CRYPTOCAP:ETH is at a major inflection point given the approval of ETFs by the SEC.
Trend-Following Concerns:
From a pure trend-following standpoint, a potential lower-high was completed last week. Following the low from July 5, which exceeded the low from May, this could indicate a short-term downtrend for Ethereum.
Key Support Levels:
Support: $2,900-$3,100
Ethereum is still given the benefit of the doubt as long as prices hold above this support range.
If this support holds, Ethereum could be considered in a broader consolidation within the broadening wedge formation.
Maintaining this support is crucial to avoid further downside.
Key Resistance Levels:
Resistance: $3,400-$3,600
For Ethereum to look bullish again, it needs to clear this resistance range.
Breaking through this resistance would negate the bearish scenario and potentially set the stage for a bullish run, bolstered by the positive sentiment from the ETF approval.
Stay informed and monitor these key levels as Ethereum navigates this critical period! ⚠️📈
#Ethereum #ETH #Crypto #MarketAnalysis #TechnicalAnalysis #Cryptocurrency #Trading #SupportAndResistance #ETFApproval #Bullish #Bearish #Volatility
Ethereum back to 4k zone?Unlike Bitcoin, the recent correction in the crypto market hasn't led to a break of support in COINBASE:ETHUSD case. Instead, bulls held the 2900 technical support level very well. Although the recent ETF approval led to some profit-taking, bulls returned to the market around 3100, establishing a higher low.
With new optimism back in the crypto market, I don't see ETH being left behind, and I expect a continuation toward the 4000 resistance level.
Technically, as I mentioned, we have a higher low relative to the 2900 support, and once 3400 is cleared, we could expect acceleration. This outlook is negated if the recent low does not hold.
ETHUSD - 6 months long consolidationETH USD has seen a long consolidation for almost about 6 months after taking out the resting supply side liquidity after hitting the ATH of 4800.
This supply side liquidity created a new low as of April, 2024 @ 2813 and has not been able to break this area of demand creating a long range consolidation.
Price usually breaks out after long consolidation in either direction (This is important to keep in mind, so that we don't have a bias).
The recent ETF approvals also showed interest for the second largest cryptocurrency with net inflows of $106 million last Tuesday, July 24th.
Here are my key levels of interest:
For a break upwards from this consolidation a key level is the $3234. We want to see price stay above that because it the supply zone from which price broke out.
Long:
If we see strong buyers volume in the coming 2 weeks, we should see a break of the consolidation trend line and test the liquidity present in previous supply @ $3923-4092 and if we can break that then $4783 could come real fast.
Short:
We break the swing low at $2813, we can see $2575 and if the demand size liquidity gets rejected at the previous swing low, then $2115 could be tested.
ETHUSD Ethereum starting to Rise higher :US ElectionsUS Elections as well palying important catalyst here.
Green arrows: A pullback retrace can meet this areas(green arrow) to enter long or increase bullish positions.
First target: 3563
2nd Target 4000-4200
A break above 4200 can lead ETHUSD to 5000-5200
Yellow horizontal lines: Main supports with highest volume
The current breakout is valid,becuz the RSI dropped immediately and leaft oversold area
Ethusd is the only crypto pair that is fundamently and technically building a solide foundation due to political, economical and technical patterns on the same time.
Could price reverse from here?Ethereum (ETH/USD) is rising towards the pivot and could potentially reverse to the 1st support.
Pivot: 3,387.81
1st Support: 3,185.17
1st Resistance: 3,519.30
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ETHUSD is moving as per expectation ETHUSD came to our level of buying now it is moving as per expectation, missed opportunity? No worries now it has made a support of 3200 wait for any correction near 3233-3250 re enter and wait till atleast 3400 as first TP and 3600+ as second TP
Ethereum To The Moon!Ethereum “sell the news” of ETF launch is done. Time to send it to all-time highs.
Bitcoin took 64 days from its spot ETF launch to reach its peak. We’re 7 days into Ethereum’s spot ETF launch.
The same playbook seems to be repeating. More upside to come.
Eth buy assets up.I don't believe in what might happen that's why I say less but I believe in my analysis,take a risk or loose a chance.
Ethereum - if opening a long position at the high risk- a big liquidity at the top
That's the plan so far.
If you have any thoughts, please share them with me in the comments.
ETH target 38004h time frame
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TP: $3880
SL: $3000
RR: 8.78
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(1) Potential double bottom is creating
(2) Left leg of double bottom mentioned above performed good support at 0.382 Fib projection
(3) This is an opportunity to add position for traders who followed previous trading plan
(4) $3880 is good to close "partial", not all, there is a higher target
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Previous analysis
ETHUSD buy at levelBased on the chart pattern wait for a pull back upto 3250 level then buy it simple trade for a long term trade
Ethereum / U.S. Dollar | Range Idea | Weekend Crypto SessionThe labels that are used are ment to draft and measure context to the price action involved and contain no rules-engaged notebook + applied-set up indicators, but an anvoiding interference to use other rules-engaged software to enhance in general, regarding to the watchlist and trade plan that is relevant to trade-on
Key indicators on Trade Set Up in general;
1. Push Set Up
2. Range Set Up
3. Break & Retest Set Up
# INTRADAY BIAS
- Time Frame Confluence | Sides Attraction
# POSITION & Risk Reward | 15 Minutes Time Frame
- Measurement on Session
* Retracement | 0.5 & 0.618
* Extension | 0.88 & 1
# POSITION & Risk Reward | 1 Hour Time Frame
- Measurement on Session
* 20 EMA
* 1000 EMA
* Retracement
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
ETH RETEST OF LEVEL BROKEN *I am in no way a financial advisor and you should always do your own due diligence before placing any trade. Do not trade what you are not comtortable with losing. No trade is guaranteed.
We had a massive drop in price on ETH and price never retested the area of structure after it was broken. When price breaks levels it has to retest so here we
want to take the bullish rally to the level broken and then wait for price to push off back to downside. Use proper risk management. Once price reaches the recent level broken we should see price reject from that area and back to downside next level down
ETHUSD - ETF greenlight retracement. Opportunity to buy Eth price dropped as ETFs came online. This is same as bitcoin ETF, prices will most likely drop until the point ETF fund managers decide it's a good spot to put big chunks of their client's money in.
Techinically speaking the bottom side of the current price range would be ideal. Expectation is for price to either continue fluctuating within this range or bounce right up in the near future.
Good luck.
eth very bulishEverything is ready for climbing, I don't say anything and just watch. Patience.. BINANCE:ETHUSDT COINBASE:ETHUSD
Ethereum is starting to recover ! check the structure pathEthereum is showing a lot of strength and recovery. Always trust and follow your plan !
On the daily timeframe we can see that it is following the path of the pullback we have marked on the chart. So far we are predicting very well, and it seems that the markets in general want to start changing direction.
Cheers and thank you for following my analysis.
my best regards
Launch of Ethereum ETF caused a 10% price drop?! For the fourth day, the news has been buzzing about the launch of Spot Ethereum ETFs (Exchange-Traded Funds). Everyone expected a huge influx of capital and that the price would skyrocket! On the first day alone, ETH-ETF surpassed $200 million!
But we didn't rush with the news, as in the meantime, the ETHUSD price dropped by 10%...
What happened?
Ethereum failed to hold above the critical support level of $3250, leading to a drop below $3150. This forced traders to reassess their strategies, considering the high volatility of the cryptocurrency. The simultaneous drop in Bitcoin and other cryptocurrencies further exacerbated investor uncertainty, prompting many traders to close their positions out of fear.
What factors are the loud media not considering?
Sell-offs by major holders: According to Farside Investors, on the first day of trading after the launch of the Ethereum-based ETF, the Grayscale Ethereum Trust (ETHE) lost $484.1 million. Farside Investors did not provide data on the iShares Ethereum Trust ETF (ETHA) created by Blackrock. However, according to the information published on the derivative's website, ETHA's capitalization level fell by $25,558 due to a 0.23% drop in share price.
Political uncertainty: For instance, the nominee for chairman of the Financial Services Commission (FSC) of South Korea, Kim Byung Hwan, urged the government to be cautious with the launch of spot ETFs linked to cryptocurrencies.
Everyone who wanted to buy has already bought: Some experts believe that since the 180-degree shift in the SEC's stance, all investors who wanted to buy Ethereum have already done so and hold ETH as an investment, primarily on the spot market.
However, FreshForex analysts believe that in the long run, Ethereum will inevitably rise. Once investors see real reasons for new purchases, not just the hype around the ETF launch, the influx of funds will stabilize and the price will start to increase. Currently, the price has fallen significantly close to the important psychological level of $3000, but a strong rebound has timely appeared. If you want to profit from future growth, buying at a lower price is a great entry point!
Don’t listen to the loud news, read the verified analysis from FreshForex, and profit with us!
ETH, buys here? Price is bouncing from the daily 200 ema after failing to trade below it. Looking for longs.
ETH to drop in the next 24 hours - bearish trend Following initial inflows on their first day of trading on Tuesday, the nine spot Ether exchange-traded funds (ETFs) have experienced outflows totaling $179 million over the subsequent two days.
The outflows are driven by more than $1.1 billion exiting Grayscale's incumbent Ethereum Trust, AMEX:ETHE , which was converted into an ETF on Tuesday. Its fee is over 10 times higher than that of the asset manager’s mini Ether ETF, CRYPTOCAP:ETH , which has seen inflows of $119 million over the past three days.
BlackRock’s ETF, NASDAQ:ETHA , leads the inflow ranking with $355 million in inflows over the past three days.
The price of Ether added 2 percent to $3,240 over the past 24 hours. Drizzle will linger over Ether in the next 24 hours, signaling slightly bearish market conditions, but, over a one-week horizon, Ether will see timid sun, which indicates a mildly bullish market.
Follow us for more crypto news and weather reports!
Potential bullish bounce?Ethereum (ETH/USD) is falling towards the pivot which acts as an overlap support and could bounce to the 1st resistance which has been identified as a pullback resistance.
Pivot: 3,068.18
1st Support: 2,879.57
1st Resistance: 3,373.99
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Ethereum - Again took resistanceEthereum again took resistance from my magical trend line :-) wait for bottom buy
