ETH daily update#ETH has a scenario for making a correction based on its demand zones the first demand zone is touched and i think the other will be in few days it depends on how NASDAQ goes on as the pattern in NASDAQ in bearish too
ETHUSD trade ideas
ETHEREUM - Buy Idea (Short-term)Coming off the bottom key-level support at $3000, we strongly believe that the Ethereum is gearing up for an upside move. The short-term cycle is setting the tone right now and it had been trading sideways for the past 3 weeks. An upside reversal seems to be underway. We're jumping into a buy position, targeting the next immediate key-level resistance of $3450.
ETH either to go down quick or go down after one more mini pumpit has reached all its targets from earlier and is at confluence.
another confluence may give it some strength to try for 3500 USD and/or to trap more longs
from there I expect a strong downward movement on ETH, as generally it has exhibited weakness both during dumps (selling stronger than others) and during pumps (growing slower than others)
ETHUSD buy tradeThe Relative Strength Index (RSI) is showing an upward trend, indicating increasing momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bullish crossover, further supporting the potential for an upward move
Etherium - Bulls got a breakout setupEtherium kissed the Green Demand Zone and popped up strongly
Note bulls got a clean corrective -a-b-c- move down building a base for a new big leg up that will be able to break over the resistance 4,100
Ethereum (ETH/USD) Elliott Wave Analysis: Preparing for Wave 5In this analysis, we explore the Elliott Wave structure for Ethereum (ETH/USD), highlighting the potential price trajectory in the mid-term. The chart indicates that the market has likely completed Wave 3 and is now entering the corrective phase of Wave 4. Key support levels and possible reversal zones are identified, making this analysis highly valuable for traders.
Key Highlights of the Analysis:
Critical Support Levels: A strong support zone lies between $2865-$3022. It is expected that the price might find a temporary bottom here and initiate a rebound.
Wave 4 Scenario: Wave 4 is typically characterized by complex corrections and sideways movements. This presents an excellent opportunity to plan long entries, especially if the price consolidates in the identified zone.
Wave 5 Projection: After completing Wave 4, Wave 5 is anticipated to push prices toward $4550. This move could present significant profit potential for traders with a long-term perspective.
Fibonacci and Timing Alignment: Using Fibonacci tools has enhanced the precision of this analysis, identifying key levels with high accuracy. Moreover, evaluating the timeframes of each wave provides deeper insights into the overall market structure.
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Suggestions for Traders:
In the short term, patience is key while the price approaches the support zone. Monitor price action carefully within this range. Once a confirmed reversal is observed, you can set up long positions targeting the top of Wave 5. Don’t forget to implement proper risk management, as Wave 4 corrections often involve unexpected movements.
Save this analysis and feel free to share your thoughts or questions in the comments section. Don’t forget to follow me for more detailed analyses like this one!
Ethereum is getting ready for a bull run !Ethereum appears to be forming a large triangle, with its wave D recently completed.
We expect a trend reversal from the green zone, leading to a move toward $5,400 and $9,000.
Closing a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Inverse Head n Shoulders; Still buyingNice inverse Head and Shoulders; good buy position still from the 3200 area.
Expected to short buy back to 3700 then the point to break out above 4100 or drop drom that zone again.
I am expecting a breakout bullish so Ethereum gets back on track ; once we get back to 4000 thats the part to break out and create new highs
See you at over 5000 soon
ETHUSD SELL AT SUPPLY ZONE Here on Ethusd price has form a supply and likely to fall more so trader should go for short and expect profit target of 3094.44 with stoploss of 3264.32. Use money management
Inverted daily H & SWhat I'm seeing on the daily is either a cup and handle or an inverted head and shoulders pattern on the daily. The Cup & Handle would obviously create more bullish pressure sooner than later. A break down would likely confirm an inverted head and shoulders, finding support at around $2,850, corresponding with a break above the EUROTLX:4K resistance and back to all time highs. NFA, DYOR
ETHUSDBulish Divergence at 1H.
multipul time Bouns Horizontal Support.
Buy Stop 3375
Stop Loss 3013
Take Profit 3739
RRR 1:1
Will ETH finally WAKE up?ETH is looking really strong, but cant seem to gain strength vs bitcoin.
Massive inverse head and shoulder can really trigger this altcoin season.
We will have to see what happens within the next few weeks here..
Ethereum (ETH): Testing Support and Ready for Breakout?🔥 Ethereum’s Strategy:
🩸 Long: Break above $3,200 targets $3,672.82 and $4,000.
🩸 Short: Break below $3,112.32 targets $2,800.
🔥 Ethereum’s Commands:
🩸 Resistance: $3,672.82 — A critical resistance level, breaking this could lead to a strong upward move.
🩸 Support: $3,112.32 — Key support, a breakdown below this could trigger a bearish trend.
Ethereum is currently testing key support at $3,112.32. If the price holds, it could continue its upward trend, targeting $3,672.82 and potentially reaching $4,000 in the next few months. On the downside, breaking the $3,112.32 support could signal a pullback towards $2,800.
👑 "In a market of volatility, clarity comes from key levels—trust them." — FinCaesar
ETH & BTC AnalysisThere are now two scenarios I see being likely.
1. Is that we have already bottomed (green).
2. Is that we chop till late Feb or Early March.
I don’t know and I think it is 50:50.
This is not an easy market to trade with these two scenarios.
Essentially you would want to plan your trades around them. So take some profit of Bitcoin nears the top of the range and then leave some on to potentially run.
Is ETH going to $10k? It feels like a long way way for ETH to hit $10k.
For this to happen we need the trend to break and smash through resistance seen in the white channels.
I wish ETH can make it to $10k. I get why bear traders are saying $6k as that's the most obvious on the current trend lines.
A thriving ETH means an epic alt season!
ethereumETHUSD ( Ethereum / U.S Dollar )
Falling Wedge as an Corrective Pattern in Short Time Frame
Break of Structure
Change of Characteristics
Demand Zone
Fibonacci Level - 38.20% / 50.00%
Don't FOMO in ETH if you missed this pump but waitIf you missed the current pump don't FOMO in because you will get trapped again.
Wait for the price enter the supply zone indicated in blue.
Then they will drop the price again that's actually a good entry also.
And then the price will go bullish to the next level.
The reason it's highly likely they will drop the price again is that whales know that people FOMO into the trade now at the worst point.
When they drop the price again you litterly handing the money over to them because you will panic sell thinking the market will go bearish. First missed the first pump and second entry is a FOMO entry so the entry is not a confident and strong entry. That's why if some volatility happens you cannot handle it emotionally to stay in.
What's actually not true and the market will go bullish from here!
ETH/USD Analysis Hello My Follower's Must Share Your Thought in Comments Section Thanks for support
In My Analysis of Ethereum (ETH/USD) 4-hour chart A potential buy setup based on technical analysis. The price recently rebounded from a strong support zone at $2,913, with a clear upward trend indicating bullish momentum. A breakout from the consolidation pattern suggests a potential move toward the resistance zone at $3,550 (Take Profit level). The stop-loss is set below the support level to manage risk. Watch for the continuation of the trend and breakout confirmations before entering a buy position.
Note This Idea Only For Educational Purposes only Trade Safe thanks
ETH - SELL $3750 I think the easy money in ETH has been made. ETH is just not the coin it once was. Rebuy near $3000.
ETHEREUM GAINING MOMENTUM?After a previous break to the resistance area around 3,000 and a retest as a support, it is believed Ethereum can be heading to the 8,000's to complete a 3rd wave.
After 2 years of consolidation and breaking above 2 structural resistance levels, price may be aiming for new higher highs given the opportunity for a Long Term observation.
With the new year starting, this is a great observational idea to have for the records to see what the future brings ahead.
Trading involves risk, which can involve loosing partial or all of your investment. This is not a signal and is only intended for sharing my point of view.
With proper risk to reward, any operation can have a beneficial or loss impact.
ETHUSD SELL ANALYSIS DOUBLE TOP PATTERN Here on ETHUSD price form a double top pattern and is likely to fall more if line 3215.29 reach so trader should go for SHORT and expect profit target of 3176.57 and 3129.32 . Use money management
