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Ethereum / TetherUS PERPETUAL CONTRACT

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ETHUSDT.P trade ideas

Ethereum (ETH): 2 Unfilled CME Gaps ($2,440 & $2,220)Ethereum has made another bounce from the bullish trend here, where this time with a sharp break of EMAs we have formed a nice small CME gap near that bullish trend zone. As you all know, a CME gap acts as a magnet over some time, and now this is the second CME gap that has been unfilled since September. So our gameplan is simple: look for a rejection from the upper zone (after some further bullish movement) and then a break of trend, which would result in a fill of the second CME gap! Swallow Team
Short
by SwallowPremium
1
ETHUSDT.1DReviewing the ETH/USDT daily chart provides a clear perspective on Ethereum's current market dynamics within defined technical parameters. Key Observations: Resistance Levels: The chart highlights 'R1' at $2,829.29 and 'R2' at $3,565.20 as the main resistance levels. These points have previously acted as ceilings for price action, suggesting areas of potential selling pressure. Support Levels: The primary support at 'S1' is currently at $2,101.09, with further downside protection potentially near 'S2', indicated on the chart. Descending Resistance Line: A key feature is the descending resistance line, which has been consistently capping price advances, indicating a prevailing bearish bias in the longer-term market trend. Technical Indicators: Stochastic RSI: The Stochastic RSI is nearing the lower end of its range, suggesting that the asset may be approaching oversold conditions. This could signal a potential reversal or at least a pause in the downward momentum. MACD: The MACD is currently below the signal line, indicating bearish momentum. However, the histogram shows decreasing negative momentum, suggesting that the selling pressure might be easing. Strategic Approach: Given the proximity of the price to 'S1' and technical indicators suggesting potential oversold conditions, there might be a tactical opportunity to look for entry points around this support level for a rebound, especially if other indicators such as the MACD begin to show signs of a bullish crossover. If 'S1' holds and the price rebounds, targeting a move towards 'R1' could be feasible. It would be prudent to set a stop-loss just below 'S1' to mitigate risks in case of a breakdown. A breach of 'S1' would necessitate a reassessment of the bullish scenario, potentially shifting focus to 'S2' for further support levels. Conclusion: ETH/USDT is currently in a delicate position, testing significant support amidst bearish trend signals. The outcome at 'S1' will be critical in determining the short-term market direction. Traders should monitor this level closely for signs of stability or a further breakdown. As always, maintaining robust risk management strategies is essential to navigate potential market volatility effectively.
by MarsSignals
Ethereum can't escape from bear grip, targets $882 firstThe price of the second largest cryptocurrency can't raise its head to catch up with elder brother Bitcoin. I detected three signs that the bear trend could resume soon. 1) price broke below 52-week (past 1 year) moving average and during retest it failed to break back above it; 2) RSI is below 50, bearish, also retested the resistance and failed either 3) clear consolidation on the price chart, which implies the resumption of primary downtrend The price could retest the bottom of the first leg at $882. The ultimate target is to complete the full cycle and touch the very bottom of $78, which, indeed, sounds apocalyptical.
Short
by aibek
4
ETH/USDT 1day chart analiysis. ETH is trading at $2,471.71, showing minor declines—the green shaded area around $2,310–$2,370 is a key support zone. If price stabilizes here, this level could be critical for a bullish rebound. ETH appears to be moving within a downward-sloping channel (yellow borders), with the upper trendline acting as resistance and the lower trendline as support. The dotted yellow trendline and solid white support line create an intersection near the support area, suggesting a potential pivot zone. This intersection could act as a springboard if ETH finds support here. The chart includes a red (likely short-term) and a green (likely long-term) moving average. ETH is currently close to the red line, which might act as immediate resistance. The green line is further up, suggesting that ETH would need significant buying pressure to reverse the overall trend. The large upward arrow suggests a potential breakout scenario if ETH holds above support and gains bullish momentum. A successful breakout from this descending channel could lead to a retest of resistance levels around $2,580 and potentially higher. 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 coin. @Peter_CSAdmin
Long
by CryptoSanders9563
1
Ethereum (ETH): Possible Switch of Trend (Upward Movement)Elections have had their own impact on Ethereum, where we are yet far from the ATH zone, but we are seeing some improvement in the price action. With the recent high volume break of resistance (which has been re-tested as well), we are now switching here to a different strategy where we are looking for slight upward movement to happen on the ETH coin. We are expecting the price to touch the CME gap after what we want to see some smaller correction (which should not go past support zone) in order to correct the overbought RSI. This would give us a good possible buy opportunity on the coin, so keep our attentions on both support and resistance zones for now! Swallow Team
Long
by SwallowPremium
ETHUSDT.P PERPETUAL Coiling up for action Dear Intraday Degens, How are you all doing? Here's ETH on the 30-minute chart, and it looks like it's coiling up for action. We're seeing higher lows forming, with yesterday’s close acting as support. Volume is looking solid, and the resistance we're aiming to flip is from 02/24/2024, which isn't particularly strong. Keep those charts open—I have a feeling something’s about to happen, hopefully in the right direction! Stay safe and happy trading!
Long
by vagada
ETH Next Target: $5,000ETH technical analysis update ETH's price touched the trend support line on the weekly chart and has bounced 20% from it. The price also touched the April resistance level at $2,150, which is now acting as strong support. Price dropped below 30 RSI in day chart, this could indicate the bottom for ETH. The 100 and 200 EMA act as agood support for ETH in weekly chart. We can expect a significant bullish move from the current level, with the potential to reach a new all-time high in the coming months. Regards Hexa
Long
by HexaTrades
ETH Long Spot Trade (Breakout Opportunity)Market Context: ETH is currently testing a double resistance area (horizontal and diagonal). This setup is ideal for a breakout trade. A clean breakout followed by a throwback would offer a favorable entry point with potential for upside movement. Trade Setup: Entry: Around $2,800 (after breakout confirmation and throwback) Take Profit: First target: $3,000 Second target: $3,200 Stop Loss: Close below $2,600 This breakout setup aims to capture upward momentum if ETH clears the double resistance zone. #ETH
Long
by Richtv_official
ETH eyes $4000 as Ethereum Foundation debuts Mekong testnet for The Ethereum Foundation has launched the short-lived 'Mekong' testnet ahead of the upcoming Pectra upgrade. The testnet includes several Ethereum Improvement Proposals (EIPs), such as EIP-7702 for UX updates, EIP-7251 for staking improvements, and EIPs for changes to deposit and exit mechanisms. It aims to engage wallet developers and stakers before the full Pectra upgrade. As the testnet goes live during DevCon Week (Nov 9-17), analysts predict a potential breakout for ETH, with Ethereum's price targeting $4000. The recent bullish sentiment surrounding the upgrade and Ethereum’s price momentum has driven ETH to a 3-month high of $2,800.
Long
by bullanceprime
ETH prediction AI RAG todayCrypto Trading Intraday Report for ETH Timestamp: 2024-11-05 Investment Thesis: As a trader specializing in intraday scalping strategies for ETH, the current market conditions present a favorable opportunity to consider entering a LONG position. The recent news surrounding cross-chain activity and innovative projects related to Ethereum suggests a positive outlook for ETH's value. The significant trading volume of approximately 944,594 and the bullish sentiment indicated by long account ratios above 0.7000 further support this potential. Financial Analysis: Bullish Long Account Ratios: Above 0.7000, indicating bullish sentiment. Technical Indicators: RSI values are above 50 across all timeframes, indicating bullish momentum. The price is positioned above both EMA and SMA lines, reinforcing the bullish outlook. Caution due to the negative MACD on the daily timeframe, suggesting potential bearish pressure. Resistance levels around $2789.6900 and $2888.2000 should be monitored for profit-taking opportunities. Volatility Analysis: Average True Range (ATR): Moderate volatility. Bollinger Bands: Price near the middle band. Order Book Dynamics: Significant buy walls, indicating strong support levels that could facilitate upward price movement. Data Sources: Coinglass Data: Open interest and funding rates indicate a strong bullish sentiment. Binance Data: Volatility index remains moderate with significant buy walls. CoinMarketCap Data: Reports a significant increase in trading volume over the last 24 hours with a strong liquidity score. Augmento Data: Sentiment analysis indicates a predominantly positive sentiment towards ETH. CryptoCompare Data: Highlights positive developments in cross-chain activity. Trade Recommendation: Outcome: OPEN_LONG Stop Loss: $2,650 Take Profit: $2,800 Confidence Level: 85% Exit Point: $2,750 Entry Criteria: Timeframe: 15m RSI: Above 50 MACD: Bullish crossover ATR: Moderate volatility Bollinger Bands: Price near the middle band Stochastic Oscillator: Above 50 News Impact: Positive developments in cross-chain activity Historical Data: Resistance levels at $2789.6900 and $2888.2000 Current Positions: Open LONG Positions: 0 Open SHORT Positions: 0
Long
by titankarma
1
ETH/USDT Short SetupEthereum is showing signs of reaching a local resistance level after a strong upward push. Given the market structure and recent rejection near the resistance zone, a potential short opportunity is developing. Entry: Around the current resistance at 2,700 USDT Stop Loss: Set slightly above the recent highs at 2,800 USDT to minimize risk Take Profit Zone: Looking for a pullback to the trendline support around 2,500 USDT Analysis: ETH has faced challenges in breaking above this level consistently, indicating a possible temporary top in this range. The recent volatility suggests that a correction could be on the horizon as traders lock in profits. The broader trend still holds bullish potential, so this is a cautious short position for a quick gain rather than a long-term reversal bet. Remember, this market moves quickly, so stay alert for any rapid changes. Manage your risk, and trade wisely! DYOR as always.
Short
by HedonistTrade