ETHUSDT BUY ANALYSIS FALLING WEDGE PATTERN Here on Btcusd price form a falling wedge pattern and broken line 2405.96 so a trader should go for LONG and target profit of 2446.58 and 2499.85 . Use money management
ETHUSDT.P trade ideas
ETHUSDT and long term profit strategy. Technical Overview:
Ascending Trendline Support: The chart shows a long-term upward trendline, suggesting a steady support level around the $2,000 - $2,200 area. This trendline has historically provided strong support for price rebounds.
Symmetrical Triangle Formation: ETHUSDT is currently consolidating within a symmetrical triangle pattern (highlighted in red), indicating indecision in the market. This pattern often leads to a breakout, with a likely strong price movement in either direction.
Potential Breakout: The breakout point appears to be nearing, with price action expected to either bounce from the lower trendline or break through the triangle’s upper boundary. A breakout above $2,532 could lead to a strong upward move toward the next key resistance around $2,817.
Bullish Scenario: If ETH breaks out to the upside, the next major target would be the $3,000+ region, indicated by the blue upward arrow. The current consolidation may be a period of accumulation before a bullish move.
Bearish Scenario: If the price breaks down from the triangle and the trendline, ETH could revisit the support around $2,000 or lower, but this scenario appears less likely based on current momentum.
Conclusion:
Ethereum is at a critical juncture, with the symmetrical triangle and long-term trendline suggesting a breakout is imminent. Traders should watch closely for a breakout signal, with a preference for the upside targeting the $3,000 level.
ETHUSDTETH ~ 5D
#ETH This support block would be a very interesting buy for now.
We will start accumulating back on this support Block.
$eth etherium If etherium able to cross above blue line at 4th chart, with in 1-3 days, can be started up move with min %20-30 up...
Very rare possibility to get such a nice pattern
And an opposite side always possible but I do not think so...
Cheers and enjoy
as I told You !
Here's a translation and analysis of the technical chart you provided for the ETH/USDT pair (Ethereum to Tether):
Translation:
The red area at the top represents a Fair Value Gap (FVG) on a daily basis, which is expected to act as a potential resistance zone in the range of $2540 to $2580.
The blue area at the bottom is identified as an important support zone (major support), with the current price being close to $2339, indicating contact with this support.
The chart shows a potential upward reversal, indicated by a green arrow and an astronaut icon, suggesting a possible ascent from this support zone.
Currently, the price is in a downward trend, but entering the support zone could signal the beginning of an upward reaction.
If the price fails to maintain the support level, further downward movement is likely; however, if it bounces back from this level, an increase toward the red FVG area can be expected.
Analysis:
Resistance Zone (FVG): The red area indicates that if Ethereum approaches the $2540 to $2580 range, selling pressure might increase, making it challenging for the price to surpass this level.
Support Zone: The blue support level at $2339 is crucial. If the price bounces off this level, it could initiate a rally back toward the resistance zone, validating the bullish sentiment indicated by the green arrow.
Market Sentiment: The current downward trend indicates a bearish sentiment; however, the presence of significant support provides an opportunity for buyers to enter the market.
Potential Outcomes:
If the support holds: A rally toward the resistance zone could occur, making this a potential long opportunity.
If the support fails: A breakdown below this level could lead to further losses, possibly targeting lower support levels.
Conclusion:
The ETH/USDT chart indicates critical levels that traders should monitor closely. If you're considering entering a position, pay attention to how the price reacts around the $2339 support level. A successful bounce could present a buying opportunity, while a failure to hold this level may warrant caution.
ETH/USDT chart, which shows trading within a descending channel.ETH continues to trade within the descending channel, which indicates a bearish trend in the short term. A breakout above the upper trendline could signal a bullish reversal.
The immediate support level is around the $2,240 mark. If Ethereum sustains above this level, it could see a potential bounce, leading to a bullish move.
There is a crucial resistance zone around $4,000 to $4,400. ETH could face selling pressure when it approaches this zone.
The chart includes the 21-day simple moving average (SMA), which is acting as a dynamic resistance. A clear breakout above the SMA could be a bullish signal.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other altcoin.
@Peter_CSAdmin
ETH - Two Levels to Long!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📔Here is a practical example on how to find your edge.
According to our last educational post:
Where is ETH now?
It’s currently in the middle of nowhere, a no-trade zone, as we don’t have an edge.
Here are the possible areas where we’d be interested in trading:
1️⃣ $2000 is a round number that intersects with a structure and trendline, making it an attractive zone to consider medium-term longs.
2️⃣ $2900 represents the previous major high and structure that the bulls need to break above to take full control.
Until then, we wait!⏱️
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Ethereum: Bearish Movement Expected to ContinueEthereum: Bearish Movement Expected to Continue
In recent days, our analysis shows that ETH has already declined by nearly 4.5%.
It appears that the bearish trend will persist, aligning with our expectations.
However, the trading volume remains low, which is also a challenge observed also with BTC.
The ongoing conflict involving Israel, Hamas, Lebanon, and recently Iran, is exerting downward pressure on the price.
Also, the USD, a safe-haven currency, continues to support the strengthening of the USD.Upcoming events such as the FOMC rate decision and today’s release of US CPI data further bolster the USD’s positive outlook.
Overall, the favorable USD environment could push ETH down even further, as indicated in the chart.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
ETHEREUM → Support breakdown? Zone of interest 1550 ↓BINANCE:ETHUSD continues to give up positions. Buyers do not believe in growth in the near future. Bears are increasing their pressure, which may lead to the breakout of the strong support zone...
As seen on W1, the next potential target, in terms of liquidity, could be the 1550 support. Any attempt to buy back the asset on a retest of the support does not result in anything radically bullish. The market will not allow the price to approach the intermediate highs, which indicates the buyer's weakness.
On H4 the price is squeezed by local ascending support (bottom of the triangle) and descending conglomerate of moving averages, which clearly dictate the location of strong resistance. In the mid-term, there may be a rebound to the local highs or SMAs before a further decline.
Resistance levels: 2471, 2520, SMA
Support levels: 2310, 2250, 2111
So far there are no technical or fundamental reasons in favor of the buyer. Seller's pressure may be intensified. The breakout trigger is 2325. The trigger for a pullback is 2475 - 2500.
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHUSD ;)
Regards R. Linda!
Ethereum (ETH): Crossover of RSI Happened!After a crossover of RSI, we had a nice small 3% of marketprice movement where price is now seeing some kind of smaller recovery.
Never the less, our main target zone is yet to be reached, but our gameplan will and still remains the same 😉
Swallow Team
ETH Rejection at $2,461: Bearish Target $2,320?The Ethereum (ETH/USDT) chart on the 1-hour timeframe shows a significant price rejection from the $2,461 level, which is a key resistance zone. The price is currently hovering around $2,406, and the trend is favoring a bearish outlook. Here is a brief analysis and trading strategy:
Key Levels:
Resistance Zone: $2,461 - $2,460 (red zone)
Support Levels: $2,357 (first target), $2,320 (secondary target)
Analysis:
The price is facing strong resistance from the $2,461 level, with multiple rejections indicating the dominance of sellers.
The short-term moving averages are aligning with the bearish trend, and the price is struggling to break back into the resistance zone.
The next probable move, as shown by the red arrows, is a bearish continuation towards the first support level at $2,357, with a further possible drop to $2,320 if the selling pressure continues.
Trading Strategy:
Short Position: Consider shorting near the $2,414 - $2,461 resistance zone if the price fails to break above it. Target $2,357 initially, and if the bearish momentum continues, aim for $2,320.
Stop Loss: Place a stop just above the $2,461 level to limit risk.
This setup favors bearish traders, but monitor the price action closely near the support levels for any signs of reversal.
Rebound PotentionalThe ETHUSDT pair has exhibited a notable downward trend in the last hour. This sustained bearish pressure suggests a potential short-term bearish sentiment within the market. However, based on historical patterns, such extended declines often precede a period of consolidation or even a bullish correction.
ETH ShortLooking closer at price movement and RSI on 4hr chart you can see divergence.
Supply zone formed between 2465 and 2520. Price already revisited and failed to breach this area.
I'm inclined towards a short position. TP around 2177.
Ethereum will hit 2700$ to 2800$ soonEthereum is now looking strong and keep its price maintain above 2400$,, while dump to 62000$ from 64400$.
Now if bitcoin stay stable or pump we might see #Ethereum 2700$ but before it we have weak resistance level in price range of 2510$-2530, Ethereum has to break this level..
ETHUSDTPreferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas.
With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis.
And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message..
Enjoy Trading... ;)
ETHUSDTPreferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas.
With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis.
And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message..
Enjoy Trading... ;)
SasanSeifi|Will $1800 Be Ethereum's Next Support Level?Hey there, ✌
Ethereum has encountered corrections from the key resistance level of $2700 in the long-term time frame. Currently, the price reacted around $2200 and managed to experience positive movements toward the $2500 zone, as highlighted in recent analyses. However, mid-term analysis still indicates a bearish trend, with the price ranging at the $2300 level.
In the mid-term, it's anticipated that Ethereum may approach the $1800 zone through some corrections. Upon reaching this level, market reaction will be crucial in understanding the future movement.
Key resistance zones at the moment lie between $2500 and $2700. On the other hand, if the price breaks and holds above $2700, we might see further upward movement toward $3000 to $3200
This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
ETH 8H UpdateI expect further downside on the next few weeks for Ethereum, for the completion of blue Wave C.
Note that there is very strong support in the 2500 region (blue zone), so I'll be watching price reaction closely if it reaches that level.
2000$ is on the way.Rejected from suppy zone(LH) bearish.2k is short target.We could even see deeper liquidty pullback.simply Chart looks bearish.For bullish scenario im looking 3 tap setup on eth.
Let's go to another positionThe reasons for the entry of weak Vansh into the trend line
2 decrease in volume when falling
3 Seeing England in Beis area
⚠️ Do risk management ⚠️
Responsible for the position, I am just saying my opinion🫡
Ethereum (ETH): Good rejection From ResistanceEthereum is seeing good pressure from sellers after the re-test of broken resistance zones and EMAs.
As we count this re-test to be successful, we also are having a crossover on RSI, which indicated a possible move to lower zones, finally filling our major target zone on bigger timeframes!
Swallow Team
ETH PriceOver the past few weeks, Ethereum price has been trading on backfoot, losing significant gains sliding within the falling channel pattern.
ETH Seen from a Different PerspectiveETH Seen from a Different Perspective
Since early August 2024, Ethereum has been developing a large corrective structure, characterized by complex WXYXZ and ABC patterns. Currently, it appears that the price has completed the B wave of an ABC pattern, and we are likely in the C wave of a bearish movement. This bearish wave could potentially find support near the levels of 2277, 2190, and 2000.
The extension of the C wave will be monitored as it unfolds, with a possibility of the price moving down to 2000.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
