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Ethereum / TetherUS PERPETUAL CONTRACT

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ETHUSDT.P trade ideas

$ETH Bounces Off Key Support: Reversal Ahead? Ethereum Weekly Update Ethereum (ETH) is showing a promising bounce from a significant support zone, ranging between $2,000 and $2,150. This area has acted as a key level of support since mid-2022, and it continues to hold strong. Additionally, this zone aligns with a crucial ascending support line that has supported the price for nearly two years. On the 3-day chart, ETH has rebounded from a "golden pocket," a technical term that refers to a major support area in the price range of $2,150 to $2,200. Given the confluence of these factors, it's highly likely that Ethereum will maintain support in this range for the near term, although we need more confirmation to signal a full bullish reversal. Looking at the daily chart, we’ve just seen the first sign of bullish divergence. This occurs when the price makes a higher low while the RSI (Relative Strength Index) does the same, indicating growing bullish momentum. We’ve confirmed this with one green candle close and a higher low on the RSI. If we see another daily candle close in green, it would give further confirmation of bullish strength. However, despite these early signs of a possible reversal, the larger trend for Ethereum still remains bearish. This means that while we may see some short-term price relief or consolidation, we haven't yet confirmed a longer-term bullish trend. Over the next few days or even weeks, we could expect the price to either consolidate sideways or experience a small upward relief, but we need more signals to confirm a sustained uptrend. #Crypto
Long
by CRYPTOMOJO_TA
4
ETH/USDT Long Update:The chart depicts a descending channel, with ETH/USDT currently trading near the lower boundary of the channel, which has historically acted as a support level. ETH is approaching a key horizontal support zone around $2,100-$2,200, where buyers may look for entry opportunities. The major support zone lies between $2,100 and $2,200, as highlighted on the chart. This level aligns with the lower trendline of the broader ascending trend from the past year, suggesting a confluence of support. Immediate resistance is located between $2,800 and $3,000. A further resistance zone is identified around the $4,000-$4,600 range, which corresponds to a previous major supply area. The chart suggests a bullish scenario where ETH could initially rebound from the current support area, targeting the $2,800-$3,000 resistance zone. A breakout above the descending channel and subsequent resistance zone would indicate a stronger bullish continuation, potentially targeting the higher resistance at $4,000-$4,600. The presence of the large upward arrow on the chart reflects optimism for a bullish bounce within the identified zones. Continuation of the broader uptrend depends on maintaining support levels and breaking through key resistance zones with momentum. This update suggests a cautiously optimistic outlook for ETH/USDT with clear levels to watch for bullish confirmation and risk management considerations. Keeping an eye on volume and price action around these critical zones will be crucial for confirming the next major move. Disclaimer: This is not financial advice. Stay updated with market movements and adjust your trading strategy accordingly. Keep an eye out for further updates and analysis. Thank you!
by CryptoSanders9563
[Positional] ETHUSDT Buy IdeaNote - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives
Long
by Amit_Ghosh
ETH/USDT: High-Volume Breakout, Downside Risk -19.34%?Hey Realistic Traders, let's dive into the technical analysis of BINANCE:ETHUSDT In the H4 timeframe, the price stubbornly stays below the EMA100, reinforcing the strong bearish trend we've been watching . A rising wedge pattern had formed, but recently, the price took a dive, breaking out of that pattern with high trading volume—never a good sign for the bulls. Adding fuel to the fire, the MACD has made a bearish crossover, with the MACD line slipping below the signal line, signaling that the downward momentum is picking up steam. With all these technical indicators lining up, we’re eyeing a potential continuation of this downward journey toward Target Area 1 at 2,252.90 or even Target Area 2 at 2,073.77. However, bulls might find some hope if the price manages to break above the resistance level at 2,855.96. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Ethereum. Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
Short
by financialfreedomgoals101
2
ETH - Long-term View!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 ETH has been bearish as an over-extended correction phase, and currently approaching a massive support and round number $2000. The $2000 is also intersecting with a long-term trendline. Thus as long as the $2000 holds, we will be looking for long-term bullish setups. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
1
#ETH Spot Trading Opportunities📊#ETH Spot Trading Opportunities🔥 🧠We eventually broke below the support zone, continuing the power of the bearish cup-and-handle structure, and the support zone turned into a resistance zone. If we continue to extend the downtrend, then we can consider buying some ETH after reaching the target area of ​​2078-2200 of the cup and handle structure. Let’s see 👀 🤜If you like my analysis, please like 💖 and share 💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:ETHUSDT.P
Short
by wolf_king888
ETH/USDT Daily Chart Analysis:!!ETH/USDT has been in a downtrend since peaking at around $4,600, with lower highs and lower lows forming a descending pattern. The current price is near the significant support zone around $2,100, which is crucial for maintaining the bullish structure. The key support is at $2,100, a historically significant zone that has acted as support during prior market corrections. The immediate resistance to watch is around $3,000, a previous support zone that has turned into resistance. A move above this level could lead to further bullish momentum towards the next resistance near $3,800. A strong bounce from the $2,100 support, potentially leading to a test of the $3,000 resistance. A break above this resistance could target higher levels around $3,800. Failure to hold the $2,100 support may trigger a deeper decline towards the next support zone around $1,800, or possibly lower if selling pressure intensifies. Pattern Observation: The chart suggests a potential double-bottom formation around the $2,100 level, which could indicate a bullish reversal if confirmed by a breakout above the neckline resistance at $3,000. The presence of a descending triangle pattern also hints at a bearish continuation if the price fails to break above the key resistance. Volume and Indicators: Volume analysis will be crucial; an increase in buying volume at the support level would strengthen the case for a reversal. Oscillators like RSI near oversold conditions would support a potential bounce, while MACD bullish crossovers could confirm a trend change. For a bullish outlook, setting stop-loss levels just below the $2,100 support is advisable to mitigate downside risk. A bearish strategy would involve short positions on a confirmed breakdown of the $2,100 level, targeting lower support zones. This analysis suggests that ETH is at a pivotal support level, where a potential reversal could occur if buying interest increases. Monitoring key levels and volume will provide further insights into the next likely move. Disclaimer: This is not financial advice. Stay updated with market movements and adjust your trading strategy accordingly. Keep an eye out for further updates and analysis. Thank you!
by CryptoSanders9563
Important support and resistance zones touched Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- ETH has touched an important support zone. Therefore, the key is whether it can receive support near 2159.0. If it falls below 2159.0, you should check whether there is support near 1605.23-1783.0. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture The real uptrend is expected to start when it rises above 29K. The next expected range to touch is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points that are likely to receive resistance in the future. We need to check if these points can be broken upward. We need to check the movement when this range is touched because it is thought that a new trend can be created in the overshooting range. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
ETH analysis review 2024/09/07 Result: It's been 21 hours since I posted the BINANCE:ETHUSDT analysis. The price of ETH is moving back and forth, fluctuating between the 2300 and 2400 range, and there have been 5 trading opportunities since then. Difficulty Review: 1st and 2nd one are harder because they bounce the price from the 2350. The other 3 are easier, and we should aim to nail them. The future: If it break 2100, the long term price will change from Long to neutral, lets see. Trade safe! Sleep well! Play Hard! Have a good weekend!
by DrkeezySSGcup
Ethereum - Short Trade Triggered and Key LevelsEthereum’s recent touch of a red line has triggered a short trade setup. If this level fails to hold, other red lines on the chart represent potential short trade setups. Meanwhile, green lines are identified as short-term targets for these short trades. Keep a close watch on these levels to manage your trades effectively and capitalize on market movements. Disclaimer: Trading involves risk, and past performance is not indicative of future results. Always conduct your own analysis before making any trading decisions. Engage with this post if it resonates, and follow for updates and more trading insights!
Short
by Remora_traders
ETH - Double-bottom or lower low? What's nextSo, in hindsight it is obvious that the 2.8k level acted as a strong resistance and can be seen as a bearish retest of the breakdown we had on the 4th of august. I must admit that I leaned towards a break above with ETH going for a lower high around 3k, but it is what is is. Now ETH is back at the lows of abovementioned breakdown around ~2300$, so there is a slim chance of a double-bottom being formed, usually a very strong pattern, although I must say I'm not fully convinced about it playing out. Reason being the long wick we had into low 2k's and the overall weakness of the market. So there is also a chance of a bearish scenario, which would be an aggressive drop below 2k coming days, might even go as low as 1800 but that's REALLY just guessing at this moment. Right now I would say it's 50/50. IF this double-bottom is real, ETH should hold ~2300$ coming days. Usually the longer it takes for a move it goes the other way. So think if ETH can hold here for another 5-8 days chances increase greatly. Unfortunately it all depends on the stock market and of course BTC right now. So if the stock market sees a correction later this day, ETH might lose current levels and probably drops below 2k coming days/next week. Obvious key level to the upside would be 2.8k. If you want to be safe you should wait for a clean break above and long on retest. Bit more aggressive approach would be longing current levels with a tight stop. Ideally you should not use any stops at all IMO. If you trade spot I believe these are decent levels to start buying as you should not worry about a 15-20% correction anyway. See it as a discount if it happens haha. Stay safe!
by TV288
1