ETHUSDT.PLocal trend is up, price want to test mirror resistance. Keep an eye on the local structure in this setupLongby DirtypawsUpdated 2
Accumulate for next phase of ETH and BTCBTC, ETH showed the largest down move yesterday since 2022. This is also the deepest correction so far since 2022. Though market rebounced to regain the bullish set up. Market sentiment changed day by day from fear to greed very quickly. I scratched my earlier BTC bought at 58850 at a small lost at 57850. I look to reposition myself into sub 55k when mkt is testing the low again, looking for about 5% improve in position. BTC can go down to 52k if countinue broken I hold on to my 3300 ETH and recently bought more at 2850 to punt on ETH trading expected on 15Jul. % wise BTC have higher chance and better run. I will reposition 1/2 into BTC Hopefully when my full fund comes during the week 7-14/7, I can increase my positions Also be wary about the possibilities of "bull market is over" and getting caughtby SteadyCompound0
The decline of Ethereum is not yet complete.Many are already disappointed by the recent sharp drop in cryptocurrencies. The decline is not yet over! Even before all the drops, I showed orders on Coinbase around $1,800. The targets for Ethereum are $1,800-$2,150, from where it makes sense to look for entry points to buy Ethereum, Optimism, Arbitrum, Starknet, zkSync, and other altcoins. I think the sideways accumulation might last about a month. Thoughts on the film: 🎬 Ethereum — On July 23, the trailer for the documentary "Vitalik: An Ethereum Story" about Vitalik Buterin will be released. The film has been in the works for over 3 years. The theatrical release is scheduled for fall 2024, and the biography will appear on streaming platforms in winter. ➖ It's fascinating how everything is unfolding: the final decision on the Ethereum ETF for BlackRock is on August 7, the documentary about Vitalik Buterin is coming out 🤠🤠🤠, and all major projects are postponing their listings to October 2024. ➖ It seems that the big exchanges and market makers have given the signal that it's too early to list; first, they need to pump the market up. ➖ Expect further cryptocurrency declines in July, and start looking for entry points into Ethereum at prices between $1,800-$2,150. During the same period, look for entry points into Ethereum's L2 solutions, namely Arbitrum, Optimism, Starknet, and zkSync. #ethereum #arbitrum #optimism #starknet #zksyncShortby ChainKnights2
#ETHThis is my ETH roadmap for this week. ETH still looks weaker in comparison to BTC. Btw, market can continue down now from this level (current price) or little bit up then continue down. The pont is, we can start take a short position now or wait at the next resistance. Alwaya dyor before you take a position and make a decision. Whatever your position always use stop lossby B5678676678503220
ETh/USDT 1DInterval Chart ReviewHello everyone, I invite you to review the chart of ETH versus USDT, taking into account the one-day time frame. As you can see, the price has risen from the first channel of the downward trend, marked with blue lines, but currently we are staying just at the lower border of the lateral trend channel, marked with purple lines. Currently, the price has bounced off the strong support zone which starts around $2,954 and ends at $2,681. A breakout from this zone could result in a price drop to around $2,000. Looking the other way, you can see how the price remains ahead of a strong resistance zone from $3,083 to $3,253, going further you can determine the second zone from $3,531 to $3,732. If the price breaks higher from these two zones, there is still strong resistance at $3,977. On the RSI indicator, we can see that we are bouncing just before the lower limit, which may potentially result in further upward movement, but it is worth monitoring the behavior of BTC to see if the current panic will deepen market corrections again.by cryptodailyuk8
Today's Analysis: Ethereum & Bitcoin at Critical Levels📅Today, we're diving into the analysis of Ethereum (ETH) in both weekly and daily timeframes, alongside our usual analysis of Bitcoin (BTC). Let's kick things off with a detailed look at Bitcoin in the 1-hour timeframe. 👑 Bitcoin Analysis 🔍 1-Hour Timeframe Technical Analysis After a prolonged bearish wave, Bitcoin hit support at 53921 and entered a correction phase. Currently, it is breaking through the 0.382 Fibonacci level, which significantly supports the bearish trend as the volume of green candles is much lower than the red ones from the previous days. This indicates volume and trend convergence, confirming the trend's health. The next correction levels are 58516 and 59550. Upon reaching and confirming these levels, short positions can be considered. 📈 Long Position Strategy For long positions, I will hold off until the price stabilizes above the 99-day Simple Moving Average (SMA99). Once the price secures this level, I will announce the entry point for a long position. 📉 Short Position Strategy For short positions, you can utilize the levels of 58516 and 59550 during market corrections. If the market declines or you miss these two levels, you can open positions upon breaking 56045 or 53921. The levels mentioned for corrections are reactive, and since we adopt a breakout strategy, we must wait for the price to range at these levels. With a break below the range's floor and increasing sell volume, you can enter the position. The RSI trigger for confirming momentum entry is 44.10. 💰 Ethereum Analysis 🗂 Project Overview Ethereum is a blockchain-based project and one of the best in the crypto space, particularly for those interested in DeFi. Besides its native coin and blockchain, Ethereum also supports Layer 2 (L2) blockchains like Arbitrum, zkSync, Optimism (OP), Base, Linea, and Mode, which help manage transactions to reduce the load on the main blockchain, optimizing transaction fees and speeds. Ethereum's transaction fees have significantly decreased following the Shanghai and Dencun updates, dropping from 60-70 Gwei to 2-9 Gwei, attracting more users to the blockchain. Various earning methods exist on the Ethereum network. The primary method is staking 32 ETH to become an Ethereum node, which ensures network security and earns fees from network transactions and block creation. Other methods include creating Liquidity Pool Tokens (LP tokens) on DEXs and earning fees from trades and swaps or engaging in lending and borrowing, which is a vast field in itself. 🔍 Weekly Timeframe Technical Analysis In the weekly timeframe, Ethereum began an upward move from the 1550$ area, continuing up to 4100$, then faced resistance at 3876$ and started to correct. It has now formed a double top pattern, which hasn't activated yet. Remember, a pattern holds no significance until it activates. So, we disregard this pattern unless the price stabilizes below 2914. If that happens, we can say the pattern is activated, and the price could move downward. The critical point now is that the curved trendline is broken, the strong bullish momentum in the market has faded, and the price has been stabilizing below the 25-day SMA. Additionally, the 51.51 support in RSI is broken, potentially pushing the price down. 📈 Bullish Scenarios We have a few scenarios for bullish movements. First, the price doesn't stabilize below 2914, gets supported, and starts creating higher highs. Second, a further correction to the 24709 support, a significant support level for Ethereum, might prevent further price drops. Third, reaching the double top target of 2188, which is the last stronghold for Ethereum's bullish trend. 🛒 Spot Trading Strategy For spot trading, it’s better to move to the daily timeframe for clearer charts. In this timeframe, a bearish momentum has caused the price to drop from 3919 to 2883, and it’s currently resting. If the price ranges adequately and forms a suitable structure for buying, you can enter upon breaking its range box. If it doesn't range and moves directly upward, our trigger is breaking the main resistance at 3919 unless we buy according to Dow Theory rules. Upon breaking 2883, the first support is 2620, and the second is 2188. 📊 Volume Analysis The significant volume of red candles suggests a probable break of 2883, but since yesterday’s candle was a selloff, and today and tomorrow are holidays, the price might range for a few days before selling volume re-enters the market. 🔔 Entry Points Regarding the entry points mentioned, don't place orders in advance. Wait for the price to react to these levels and form a range structure. After buy volume enters and breaks the range box, you can proceed with your purchase. 📝 Conclusion In conclusion, both Bitcoin and Ethereum are at critical levels, with Bitcoin showing bearish tendencies and Ethereum facing significant support challenges. It's crucial to wait for confirmation signals and volume trends before entering any positions. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.by itsparham969919
ETH long spot TradeETHUSD Elliott Wave Technical Analysis Mode: Corrective Structure: Flat Position: Wave (c) of (iv) Direction: Wave (c) of (iv) is still in play Details: Wave (b) ended around 3878 and now Wave (C) is in play which I expected to be end around 3050-2870 which will be my entry point. Next Direction: Wave (v) which will complete the next higher Degrees Wave (3) Target: 2640-2700 with 50% profit Wave Cancel invalid level: Daily closing below 2717 with 10% loss Disclaimer: This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.Longby ahmadsaad83Updated 447
ETH#Ethereum Looking at the attached chart, we can see an original ascending channel formed from the 900 bottom. Therefore, our current outlook is bullish for Ethereum It is suitable to enter at the current level, even if it briefly dips to 2480. Our initial target is 5000 Longby ALSEIF_GROUB1
Ethereum Potential DownsidesHey Traders, in today's trading session we are monitoring ETHUSDT for a selling opportunity around 3080 zone, Ethereum is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 3080 support and resistance area. Trade safe, Joe.Shortby JoeChampion3
ethusdteth may form one more low before going to push to ATH . 2691 will invalidate wave 5 by wyckoff701
Ethereum ETF vs Bitcoin ETFAfter the approval of Bitcoin ETF, we had a market correction that took liquidity under consolidation, something I expect ETH to do now. If ETH follows the same pattern as BTC, this translates to a price of $2631/ETH, with a possible spike even below the $2500 area.Longby TraderX101010
ETHUSDT 1DETH ~ 1D #ETH It is necessary to maintain this support block to keep the price from falling even lower. You should pay attention to this important support for now. Longby CryptoNuclear0
shorting the bottomshorting the bottom its like catchin the knife but on purpose like trying to catch the sharp part not the handleby Lucky777DuckUpdated 1
Eth / USDTCRYPTOCAP:ETH 💰 (Daily) CRYPTOCAP:ETH did a Successful Breakout ✔ from the falling wedge pattern in the daily timeframe. Now we will see 20-25% 📈 Pump in the ETH in the Upcoming Days BINANCE:ETHUSDT . Discliamer : I am not Financial Advisor Longby Wolftrader1337Updated 222
ETH [ BEARISH SWEET ZONE]We are expecting a massive drop of ETH , however this T.A time frame view is 1D do not expect that it will play as early , it will take time ; rest assured that if you are going to put a position manage strictly your risk reward ratio ; it may play out but it will grab some Liquidities before it will play out Shortby RayTrader123Updated 445
Alikze »» ETH | Rising waveIn the weekly time, it is moving in an ascending channel, which after a complex correction and higher floors has formed a runner zone, which can now complete an ascending wave in the specified area, which is the supply area. Therefore, 🔰 in the first scenario, I expect a correction with the support of the $2,500 area after touching the zone, which can appear more in the form of price, considering that the recent correction was a running zone, and then enter the upward phase. 🔰But the second scenario can break this wave of the region and continue the upward path after the pullback. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ Longby alikzeUpdated 7715
ETHUSDretesting the bidzone after distributing the ETF news are we really going to let them buy their eth back at these prices? etf news due in 3 days i think any kind of positive news at this point will reverse the market pretty strongly biggest liquidation event since FTX's collaps here today... we usually dont stay in these areas very long in bull markets and some alt capitulations have been ridiculous here.. im pretty bullish at these levels tbhLongby olliecoughland112
ETHUSDT.1DIn my analysis of the ETH/USDT daily chart, I've identified several critical elements that define the current state and possible future direction of Ethereum’s price action. Technical Analysis Observations: Chart Patterns and Key Levels: Triangle Pattern: The price has been consolidating within a symmetrical triangle pattern, which generally indicates a period of indecision among traders. The apex of this pattern is approaching, suggesting that a breakout is imminent. Support (S1 and S2): S1 at $2,112.62: This level is crucial as it represents the lower boundary of the triangle. A break below could signal a significant bearish movement. S2 at $2,500.00: This round number has psychological importance and may act as a minor psychological support if S1 breaks. Resistance (R1 and R2): R1 at $2,837.73: This is the upper boundary of the triangle. A breakout above could indicate bullish momentum. R2 at $4,134.34: This represents a historical high and a long-term target in a bullish breakout scenario. Indicators: RSI (Relative Strength Index): Currently at 25.93, the RSI is deep in the oversold territory, suggesting that the market could be underpricing ETH, which may lead to a potential rebound or at least a stabilization of prices. MACD (Moving Average Convergence Divergence): The MACD is below the signal line and the histogram indicates increasing bearish momentum. This could signify that despite the oversold condition, the market might still see further declines. Conclusion: The ETH/USDT pair is at a critical juncture with its price consolidating within a triangle pattern. The proximity of the RSI to oversold levels hints at a possible upward correction, especially if it coincides with a breakout above the triangle's upper trend line (R1). However, the bearish bias indicated by the MACD suggests that any bullish moves could be short-lived unless there is a significant shift in market sentiment or external market drivers. Given the current setup, my approach would be to watch for a clear breakout of the triangle pattern, accompanied by an increase in volume, which would provide a more reliable signal for either a long or short position. A break above R1 could target R2, while a breakdown below S1 might test the $2,500 psychological level before moving to deeper supports. As always, setting appropriate stop losses and taking profit levels is crucial to manage risk in such volatile conditions.by MarsSignals113
ETH Poised for Post-ETF Approval Pullback: Short to 3.2k ZoneEthereum surged over 30% in anticipation of its much-awaited ETF approval, but the excitement may be short-lived. As traders who missed the initial rally eye the $2.9k to $3.2k support zone, a pullback seems likely. With ETH currently trading around $3.8k, a short trade to this support area presents an attractive opportunity. Technical Analysis: Visible Range Volume Profile (VRVP): The VRVP indicates a significant volume zone at $3k, suggesting strong support at this level. Average Directional Index (ADX): The ADX, a momentum indicator, is losing strength, signaling a weakening trend. Proposed Short Trade: Entry Price: 3.8k zone USDT Take Profit: 3k zone USDT Stop Loss: 4.110 USDT Rationale: The post-ETF approval euphoria is likely to fade, leading to a price correction. The $2.9k to $3.2k zone represents a strong support area, as evidenced by the VRVP. The weakening ADX suggests a loss of momentum in the uptrend. Risk-to-Reward Ratio: The potential risk-to-reward ratio for this trade is approximately 3:1, implying a potential 3% profit for every 1% risk.Shortby alorseUpdated 9
ETHEREUM ROAD TO 20.000 USD ?As price goes down we still can see possible channel pattern but we must hold around 2.600-2.800 to keep it valid. Even if we got bottom it can take weeks of side action before proper break up. Longby mess_on_a_mission112
Lingrid | ETHUSDT buying OPPORTUNITY at the BOTTOM of the RANGEBINANCE:ETHUSDT has been trading within a big range on the daily chart, oscillating between 2800 and 4000. The market has recently dipped to the lower boundary of the range and it is heading towards the channel's border. A box has formed on the left side, and I believe the market may break below this box to absorb liquidity and potentially stage a rally towards the top of the range zone. I'm expecting a test of the trendline and channel followed by a bullish move if the price makes fake breakout. My goal is a resistance zone around 3365.00 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻Longby Lingrid3321
ETH Buyback ZonePurpose: 1. To aid you in determining a TP target for short positions. 2. Avoid loss by entering a long position prematurely. 3. To point out a possible buyback Zone Description: Ethereum formed an M pattern. This pattern satisfies the initial requirements of a Bullish Bat Formation, which are as follows: 1. Mandatory 50% B-point retracement of the XA leg. 2. The C-point should be in the 50 – 61.8% range. Target: 1. The minimum target of a bat formation is the 1.272 extension of the BC leg. The 1.272 extension is at 2,276 USDT. The Price Reversal Zone is typically between the 1.618 extension of the BC leg and the 0.887 retracement of the XA leg. This range of 1786-1825 gives us a tight PRZ, which provides us with clear invalidation and a low-risk entry. God willing, I will update this idea as the PA unfolds in the coming days and weeks. Best Wishes by NewThoughtCrypto226
Phemex Anaylsis #3: ETH Price Tumbles & Key Support Levels.The price of Ethereum (ETH) experienced a significant decline today, breaching the previously strong support zone at $2,850 . This price movement indicates a potential shift in the market sentiment. Traders are now closely watching the next support level at $2,250 . This zone is considered historically significant and could offer some stability to the price. However, if the selling pressure persists and ETH breaks below $2,250, the next potential support level to watch would be around $2,000 . It's crucial to exercise caution while trading in such volatile market conditions. While there might be opportunities for profit, the risks are equally substantial. Consider using Low Leverage & Stop Loss to manage risk effectively during this period of uncertainty. Note: Phemex had Launch IceBerg order to help you Enter with minimum slippage. Be sure to check it out! Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.by Phemex114