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Ethereum / TetherUS PERPETUAL CONTRACT

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ETHUSDT.P trade ideas

ETH bullish long term/bearish short time framesBearish Outlook: Looking at 200 MA and SuperTrend 30 ETH shows bearish down to next fib 38.20% (near $2133). Bullish Outlook: Short term 1 day chart: Bullish signals for RSI bullish at rising 55 & MACD back in the green. Next fib up would be 61.80% (near $2860). The dotted lined descending price channel shows a critical point on Wednesday September 4th, 2024. FED speech early Friday morning will set the pace moving into September.
Long
by GoldenRule365
2
Ethereum Eyes $2,725: Breakout or Fakeout?The 4-hour chart for ETH/USDT shows a promising setup as Ethereum hovers around the $2,600 mark, forming a potential reversal pattern. The price recently tested the $2,536 support level and has since shown signs of a recovery. The key resistance to watch is at $2,725. A successful break above this level could confirm a bullish continuation, potentially driving Ethereum towards the $2,800 mark. However, if the price fails to maintain momentum above $2,600, a retest of the $2,536 support level could be in play. The shaded blue area on the chart represents a critical decision zone where bulls and bears will battle for control. A move above $2,725 could ignite further buying interest, while a failure could result in a pullback. Traders should monitor this level closely, as it will determine the short-term direction for Ethereum.
Long
by TopGBanks
1
Ethereum | Critical Situation (Strong Opportunity Developing)There are many, many good altcoins right now, great buy opportunities and we should definitely focus on the positive side, but, we cannot ignore the Crypto-giants for too long. 👉 Money flowing out of Ethereum will flow to the smaller altcoins. The situation with Ethereum is critical. While it dropped already almost 50% from its March 2024 high, there is still another ~40% drop, incoming, from current price. Again, this is a positive development for the cryptocurrency market. ➢ Ethereum reaching lower prices will allow for many new participants to enter the space, and this is good. ➢ Ethereum moving lower will make it more affordable for developers to develop new projects; thousands and thousands of projects are being developed on the Ethereum network. ➢ Once the bottom is hit, a very strong LONG/bullish opportunity will develop, and this is all very good. Ethereum's situation is critical according to this chart. It will be a flash crash and is likely to start this very same month. Bitcoin sideways is needed for the altcoins to grow. Ethereum is not Bitcoin, so it can go down and the market won't even know. 👉 Focus on the mid- to small cap. altcoins. Look for the ones trading near support or at all-time lows; with these, you can't go wrong. Those trading high up, as this pair is, ETHUSDT, stay away. Only after the correction is over you can consider buying again. This is just a friendly reminder. This thing is going to crash. Stay safe! Namaste.
Long
by AlanSantana
7
break down or rebound at support zone?Will this be a C wave going down and make 1:1 with the A. or we are done correcting and going to start the next impulse? We are about to enter support zone, if we break it, I think we will head to 0.9 fib to 1.0fib (2460.19 - 2434.15) Since this is possibly the last corrective wave down, I am thinking, this can be either a Wave C within the ABC of Wave 2 Or we are in sub wave 5th within Wave C, if we zoom out to let say 12hr chart. Conclusion: breaking below 2513 is my bear case (4 HR chart) 1st Bull case would be break 2698 and 100 SMA 2nd Bull case for a decent bull run would be break 2786 with potential rejection at 200 SMA (4HR Chart). What do you guys think? Please share your thoughts.
by polarity
1
ETHUSDT.1DAnalyzing the ETH/USDT chart on a daily timeframe, we see a volatile and somewhat bearish trend emerging over the past few months. Here's a detailed breakdown of the chart, highlighting key resistance and support levels, along with insights from the MACD and RSI indicators. Key Observations: Trend Analysis: Ethereum has displayed a series of lower highs and lower lows since peaking, indicating a bearish trend. The trendline (R1) has consistently acted as a resistance, and the price is currently testing this line, suggesting a critical juncture. Support and Resistance Levels: Resistance Levels (R2 and R3): R2 at $3,043 and R3 at $4,105.80. These levels represent potential upside barriers in the event of a price reversal. Support Level (S1): The significant support level is at $2,126.90. This level has historical relevance as a pivot point for price actions. MACD Indicator: The MACD line is currently below the signal line and both are trending downward below the zero line, which traditionally indicates bearish momentum. However, the histogram suggests that the negative momentum is slowing, possibly pointing to an impending stabilization or reversal. RSI Indicator: The RSI is around 36, which is nearing the oversold territory. This could indicate that the selling pressure might soon exhaust, offering potential for a bullish reversal if other factors align. Technical Analysis and Conclusion: The Ethereum market appears to be at a critical stage. The proximity to the major support at S1 and the nearing oversold conditions suggest that we could see a short-term reversal if the support holds. Investors and traders should watch for any bullish reversal patterns or a break above the trendline R1 as potential signs of a change in momentum. However, a break below the support at $2,126.90 could lead to further declines, with the potential to test much lower levels, given the absence of immediate visible support below S1 on the chart. Trading Strategy: For Bullish Traders: Look for confirmation of a support hold at S1 and a potential bullish reversal pattern or a break above R1. If entering a long position, consider setting stop-loss orders below S1 to manage risks. For Bearish Traders: Monitor for a sustained break below S1. If this occurs, consider entering short positions with a view to capitalize on further declines. Place stop-loss orders just above the most recent highs to limit potential losses. As always, it's crucial to consider external factors such as market news, overall crypto market trends, and economic indicators that could influence Ethereum's price movements. Stay updated and adjust strategies accordingly.
by MarsSignals
1
ETHUSDT Bearish or Bullish? BINANCE:ETHUSDT ETH is definitely the weakest of the 3 majors (BTC, ETH, SOL) However, I am seeing way too much bearishness on ETH, which is warranted due to its piss poor price action, but that does not mean it is going to teleport down to sub 2k. Signs of over bearishness: - OI divergence and finding support at previous areas (price is lower but OI is the same as it was back in April and May 2024) - Funding rates in the negatives or near zero (more shorts than longs) I do not believe ETH will moon or out pace BTC or SOL. But I do think this increased bearishness has swung too far in one direction and when that happens it typically swings back hard in the other direction. ETH definitely needs more time to stomach this recent sell off but even if it retests 2200 again I think a bottom is close or in. There is more liquidity sitting at prices higher above. I expect ETH to eventually take out 2900 and then come back to 3300 and 3500 by at least EOY. Let's see what happens. Good luck to the shorts heading into election season.
Long
by bhx10
1
Price Correction from the Resistance ZoneEthereum is currently within the $2600 to $2700 resistance range. This range is recognized as a significant resistance that might halt the current upward trend and initiate a downward movement. Potential Scenarios: Price Correction from the Resistance Zone: If Ethereum fails to break through the $2600 to $2700 resistance range, a price correction towards the $2500 and $2400 support levels is likely. These levels could act as key points for a potential price reversal and continuation of the downward trend. Breaking Resistance and Continuing the Uptrend: If Ethereum can break through the $2700 resistance and stabilize above it, this move could indicate the continuation of the uptrend, with the price moving towards higher levels.
by MonoCoinSignal
1
Ethereum ETH price completed its correction, and next growth?Here is a global wave analysis of the OKX:ETHUSDT price After the launch of #ETHETF, the price correction of CRYPTOCAP:ETH has started After launch, #BTCETF was similar to the CRYPTOCAP:BTC price. Well, this is logical, because large funds need a trading volume to purchase a large position and preferably as cheaply as possible. The probable correction wave (4) was 0.5 of the previous wave (3) Now the main task is to keep the OKX:ETHUSDT price in the range of $2250-2550 Well, and from this zone can start the growth wave (5) with the goal of at least $5950-6000 per CRYPTOCAP:ETH _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
2
Ethereum's Boring Price ActionFor the past 12 days, Ethereum (ETH) has been stuck in a $200 range. * Support: $2,550 * Resistance: $2,750 In fact, if you look at the price from 12 days ago, it’s almost identical to what it is now. Simply put, the last 12 days have been boring and, some might say, pointless. But before we get too frustrated, let’s remember: this kind of price action is pretty normal. In the crypto world, markets range sideways 70-80% of the time. So, what’s causing this? 1️⃣ Market Consolidation: After a big move—like the sharp drop Ethereum experienced at the beginning of August—the market often takes time to consolidate. During this period, prices move sideways as traders and investors reassess their positions. 2️⃣ Volatility and Liquidity: Even though ETH and other cryptos are known for their volatility, that volatility often comes in short, intense bursts. The rest of the time, prices stabilize within a range. However, trader impatience is a hidden danger in this kind of prolonged consolidation. When the market is stuck in a range for too long, traders can start to see opportunities where none exist. This often leads to entering risky trades, only to be stopped out when the real price action finally kicks in. So, what should you do? Watch and Prepare. This is the time to strategize for the breakout. Be ready for movement in either direction. Select your most promising tokens, and nail down the key details—like entry points, stop losses, and more.
by ben_walther
1
ETH/USDT Weekly Chart Update !!ETH/USDT is currently testing key resistance levels within the descending channel. A breakout above $3,050 could lead to a retest of higher resistance areas around $3,850. The 100MA near $2,150 has provided strong support, and the price needs to be above this level to maintain the bullish momentum. Traders should keep an eye on volume confirmation and price action near these crucial levels. This update provides a concise analysis of the ETH/USDT weekly chart, focusing on key support and resistance levels, moving averages, chart patterns, and volume considerations. Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
by CryptoSanders9563
1
ETHUSDT Current Position (August 18, 2024, 12:00): The market is at a resistance level around 2,665.00. This area could signal either a pullback or a breakout, depending on market sentiment and external factors. Next Key Times: August 20, 2024, 06:00: This time point may represent a moment of potential reversal or continuation of the current trend. August 23, 2024, 01:00: This could be a critical period, where a major movement in either direction may occur. August 24, 2024, 16:00: A point to watch for further developments. August 25, 2024, 11:00: This point could indicate a stabilization or another shift in the market's direction. Interpretation: Upward Potential: If ETH/USDT breaks the current resistance and continues upward, it could reach the 2,690.00 mark or higher. This would likely align with positive developments or market optimism. Downward Risk: Failure to break above resistance may lead to a test of the lower support around 2,600.00 or lower, with potential significant drops around the key timeframes identified.
by trushkovskiy
1