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Ethereum / TetherUS PERPETUAL CONTRACT

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ETHUSDT.P trade ideas

Ethereum (ETH): Possible Move To Bounce Zone (Bullish Overtake)Ethereum is heading back towards our bounce zone, where we expect to see a rejection to happen. Now this is not clear for 100% if we will go to lower zones here but our next point of interest is that zone at $3,550. Once we reach this zone, we will play according to the market price development, which means if we buyers take over that zone, we will look for upward movement, but if sellers take back the control, we will still look for further moves to lower zones here! Swallow Team
Long
by SwallowAcademy
ETHUSDT.1DThe daily chart of Ethereum (ETH) against Tether (USDT) exhibits a series of zigzag patterns suggesting high volatility with distinct peaks and troughs. The current setup indicates a consolidation phase near key support levels, which could dictate the near-term trend based on breakout directions. Price Action and Trend: Ethereum has recently shown signs of consolidation after a significant drop, indicating a potential base formation around the key support level. The chart presents a choppy yet significant retracement within the larger bullish context, evidenced by the higher lows sequence over the longer term. Key Technical Levels: Resistance Levels (R1): R1: $4,066.49 - Represents the immediate resistance level. Overcoming this barrier may open the path to retest higher levels near the all-time highs. Support Levels (S1, S2, and S3): S1: $2,998.25 - Current major support, where price consolidation is evident. S2: $2,793.91 - A break below S1 could lead to a test of this lower support zone, which could act as a new base for the next bullish leg. S3: $2,101.09 - A critical long-term support level that may come into play if a significant bearish trend develops. Technical Indicators: MACD: The MACD line is below the signal line, indicating bearish momentum in the short term. The increasing distance between the MACD and its signal line could suggest strengthening bearish pressure. RSI: The RSI is currently just below the neutral 50 mark, which aligns with the consolidation phase. This indicates a balanced market sentiment with a slight bearish inclination. Volume: The trading volume shows fluctuation with peaks aligning with significant price movements. An increase in volume, particularly on downward movements, may validate bearish sentiment. Conclusion and Forecast: Ethereum's price action is at a crucial juncture, with its position near major support levels suggesting potential for either a rebound or further declines. The key to upcoming trends lies in the ability of bulls to defend the $2,998.25 support level effectively. Trading Strategy: Bullish Scenario: Watch for a stable hold or a bounce off the $2,998.25 level, aiming for a move towards $4,066.49. A break above this could target previous highs. Bearish Scenario: A breakdown below $2,998.25 could accelerate declines towards $2,793.91 or even $2,101.09 as bearish momentum builds. Summary: The ETH/USDT chart points to a significant testing ground for both bulls and bears at the current levels. Traders should closely monitor volume and price action at these key technical junctures to gauge potential breakout or breakdown directions.
by MarsSignals
#ETH descending triangle has failed📊#ETH descending triangle has failed ✔️ 🧠From a structural perspective, we continued the strength of the bullish structure and successfully broke through the resistance near 3550, so the expectation of the descending triangle has failed. Without the expectation of further decline, we only have the expectation of bullishness, so pay attention to the opportunity of callback to continue to participate in long transactions. ➡️The long orders we hold are based on the views mentioned in the previous post. I found that the long transactions involved after the price stabilized at the upper edge of the gray range. Fortunately, the market development is as expected. Congratulations to friends who follow the wolf king to print money. 💰🍻🎉 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BITGET:ETHUSDT.P
Long
by wolf_king888
1
#ETH descending triangle? 📊#ETH descending triangle? ❓ 🧠There are many contradictions here at present. From the perspective of the graph, there is a chance to form a descending triangle here, with the expectation of further decline, which is also regarded as the last decline. If this scenario occurs, then we can look for long trading opportunities near the previous low. ➡️But it will not necessarily fall, because there is a long structure of the same cycle at the 15m level, and we may continue this structure to rise. ➡️Since there are sufficient reasons for both rising and falling, it will cause contradictions in trading, so we can only wait patiently for the contradiction to be broken before participating in new transactions. Let's see👀 🤜If you like my analysis, please like💖 and share💬 BITGET:ETHUSDT.P
Short
by wolf_king888
ETHUSDT Analysis: Approach With Caution I have repeatedly highlighted that the market is currently riskier than it appears . As noted in my previous analysis ( ETHUSDT: $4,102 Is the Key ), I am still holding the long position from that level with a stop entry . However, at this point, I do not find opening a new position very logical. Red box has to be first tp and move the stop to entry. That said, due to the significant interest in finding an entry, I wanted to share this analysis for those who are actively looking. Key Points: Market Risk: The market is riskier than it seems, so manage your trades cautiously. Existing Position: My long position from the linked analysis remains active with a stop entry. New Entries: Not ideal at current levels, but for those interested, careful analysis is necessary. Confirmation Indicators: Use CDV, liquidity heatmaps, volume profiles, volume footprints, and upward market structure breaks in lower time frames for validation. Learn With Me: If you want to learn how to utilize CDV, liquidity heatmaps, volume profiles, and volume footprints for more accurate analysis, feel free to DM me. If this analysis helps you, please don’t forget to boost and comment. Your support inspires me to share more insights!
Long
by XU99
Ethereum - too big to failIf you try to find top100 coinmarketcap coin list, you will be amazed by how many cryptocurrencies are now forgotten or even dead. Even 100M+ mcap coins die because they turn out to be merely speculative or scammy ventures. But one of the few that stayed on top of all the garbage was Ethereum. It stayed on top of everything because it was the first crypto which created an ecosystem hosting multiple "protocols" and tokens, which also helped crypto market grow not only in terms of market cap but infrastructurally. So I believe it is now too big to fail, but not just because of ~400B. market cap but also due to how many project are based on top of EVM. I think it might reach at least ~700B market cap during this cycle but later it will be among trillion mcap assets
Long
by AlexLukyanin
#ETH reaches the target zone 📊#ETH reaches the target zone ✔️ 🧠From a structural perspective, the goals of the double bottom long structure have all been achieved, and the goals of the ascending triangle have all been achieved, so we need to be wary of the expectation of a pullback. ➡️Although the goals have all been achieved, it is a pity that our long orders were swept after setting the breakeven. This is how trading works. When you reduce risk, it means reducing future profit margins, but such good habits can keep you alive for a long time. ➡️If there is a pullback, the short-term support levels worth paying attention to are 3322 and 3394. ⚠️If we consolidate horizontally, then we need to pay attention to the breakthrough opportunities after the price is compressed to the limit. Let's see👀 🤜If you like my analysis, please like💖 and share💬
Long
by wolf_king888
Panic Sell Is Over! Ethereum ETH Will Reach $6000!Hello, Skyrexians! Last couple of days were difficult for all crypto bulls. While Bitcoin suddenly dropped to GETTEX:92K altcoins bleed much more because of BTC Dominance pump. The main altcoin BINANCE:ETHUSDT lost more than 20% and caused a huge panic. Yesterday's candle closed promising, but if this nightmare is over or our portfolios continue melting in the upcoming days? Let's take a look at the daily time frame. Here we can see the clear Elliott wave structure. Large wave 1 has been finished with the red dot at the top and after that we have seen this dump in the wave 2. You can tell me that wave 2 is the very ugly, but this is the specific shape of irregular ABC. This drop has been stopped exactly at 0.5 Fibonacci. Moreover we have seen the green dot on Bullish/Bearish Reversal Bar Indicator . As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView . For me it's very strong confirmation that correction is over and wave 3 is about to happen. Wave 3 has the target at 1.61 Fibonacci level equals $6200. See you there! Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Long
by Skyrexio
2