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ETHUSDT trade ideas

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/USDT 1H Analysis , bullishThe 1-hour timeframe shows a clear Market Structure Shift (MSS), signaling a potential bullish trend reversal. After breaking a significant lower high, price has shifted from bearish to bullish momentum, supported by key confluences: Liquidity Grab: Price swept below recent lows, triggering a reversal. Bullish Order Block (OB): Acting as a potential support for retracements. Fair Value Gaps (FVG): Indicating inefficiencies likely to be filled as price moves higher. With MSS confirmed, pullbacks into OBs or FVG zones may offer favorable entries, targeting upper liquidity areas around $3,750 and $4,087. Stay patient, and let the price action come to you!
Long
by origami_capital33
ETH - Bear Flag forming, 25k price projectionETH is forming a bear flag. If bear flag plays out and price breaks through 3,100 level then on the basis of the measured move of the flag pole, ETH is likely to test 2,500. There is also a fib retracement level of 78.6% at 2,500. In the process ETH there will be significant support zone around 2,800 - 2,900 because: - there is a fib retracement level of 61.8% at 2,900 - strong support zone on weekly timeframe around 2,800 - ETH pierced through 2,800 and never retraced back to this level Remember technicals are all probabilities, price could break 3,600 level (upper trendline of the bear flag channel) to test all time highs.
by I_M_Shoaib
Important Support and Resistance Areas: 3265.0-3321.30 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (ETHUSDT 1D chart) In this period of volatility, the key is whether it can find support near 3265.0-3321.30 and rise above 3644.71. If not, 1st: M-Signal on 1W chart 2nd: M-Signal on 1M chart You should check for support near the 1st and 2nd above. - When the decline progresses, if the HA-Low indicator of the 1D chart is generated, it is important to see if there is support near it. The reason is that the movement to close the current wave and create a new wave will begin. If it falls below the M-Signal indicator of the 1M chart and shows resistance, there is a possibility that it will turn into a downtrend in the long term, so you should think about a response plan for this. If it receives support near the M-Signal indicator of the 1M chart and rises, the gap between the M-Signal indicator of the 1W chart and the M-Signal indicator of the 1D chart will decrease, so there is a possibility that a large wave will be created when rising. Therefore, we should look at what it will look like after this volatility period. Currently, the StochRSI indicator is located near the 50 point, so there is a possibility of volatility, so caution is required when trading. - Once this volatility ends, the next volatility period for ETH is expected to be around January 22. However, since the next volatility period for BTC is around January 10th, we will have to see what kind of movement it will show at that time. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, we can see that the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, it is expected that prices below 44K-48K will not be seen in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, it is expected that this Fibonacci ratio will be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to this. If the ATH is renewed, there are no support and resistance points, so the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as support and resistance. The reason is that the user must directly select the important selection points required to generate Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous to use it for trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
Ethereum: Triangle Consolidation with Potential Breakout Targetswhat happened: Double Top Formation: A bearish reversal pattern is marked, showing two peaks at similar levels. After completing the pattern, the price dropped sharply to meet the "target of double top" near $3,150. Now: Symmetrical Triangle: The price is consolidating in a symmetrical triangle pattern. This pattern is typically neutral and indicates potential breakout opportunities, either upwards or downwards. Resistance Levels: $3,550: This is the horizontal resistance line formed by the upper boundary of the triangle and previous consolidation highs. $3,870: The "target of triangle" is projected upon a potential bullish breakout, calculated by measuring the height of the triangle. Support Levels: $3,320: Immediate support is found near the ascending trendline forming the triangle's lower boundary. $3,150: Previous support zone after the completion of the double top. Price Projection: Bullish Scenario: If the price breaks above $3,550, the next target is $3,870, aligning with the triangle breakout target. A continuation of the uptrend could follow as higher lows are forming. Bearish Scenario: If the price breaks below $3,320, the next support is near $3,150. A further decline could lead to retesting $2,960 or lower. ____________________________ Current Outlook: The price is moving sideways within the triangle, reflecting a phase of indecision. Traders should watch for a breakout above or below the triangle to confirm the next trend direction.
Long
by melikatrader94
6
#ETH complex consolidation phase📊#ETH complex consolidation phase 📊 🧠From the perspective of the chart, the expectation of the descending triangle still exists. If the resistance level of 3550 is not broken, we need to be alert to the possibility of further correction. ➡️In view of the expectation of the correction, I found a short signal yesterday. After successfully completing TP2, it rebounded. It was a pity that the short force could not be continued. ➡️Next, we need to patiently observe the breakthrough of either side. The retracement after the breakthrough is the new trading opportunity we need to pay attention to. 🤜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
by wolf_king888
Ethereum (ETH): Looking For Proper Support!On a daily timeframe, we are looking for proper support to form on the coin, where the first ideal zone would be near $3,050, which is near the 200EMA line and also marks as some kind of neckline zone for a possible H&S pattern there. Now ideally this would be the zone we would be looking for the start of DCA, as we might still fall from there towards our second support zone, which will be a much stronger zone from where to bounce off. This being said, we are still bullish on Ethereum; just a slight correction would be a logical move here, in our opinion! Swallow Team
Short
by SwallowAcademy
Ethereum (ETH): Waiting For Smaller Correction / Still Bullish!Ethereum, on the other hand, is looking much better than Bitcoin, where we did catch a nice bullish move from the last touch of that lower support trend, where we also caught the start of correction, which is still undergoing! We expect to see a further move to lower zones here but not that big one, where every drop on ETH would be a good buying opportunity for spot holdings for sure. The major target for the start of the buying opportunity for us would be near $2,800-2,900. Swallow Team
by SwallowAcademy
ETH - 2 possible scenarios of development1. Blue arrow - assumes the selection of the nearest liquidity both above and below (approximately 20% movement). Subsequently, gradual growth towards ATH could follow if we break through the long-forming triangle. 2. Purple arrow - liquidity selection above the current price level, around the trendline, followed by a decline to the lower trendline. In the case of strong bearish pressure, even below it. Then, a rebound from the trendline downward.
by kryptometal_kryptosvet
Ethereum (ETH) at a Decision Point: Short-Term AnalysisIn my analysis of Ethereum's 2-hour chart, I’ve identified a symmetrical triangle pattern. This suggests that ETH is approaching a decision point, where we could see a breakout in either direction. The price has been consolidating within this symmetrical triangle, with the upper trendline acting as resistance and the lower trendline serving as support. This kind of pattern typically precedes a significant move, and I believe we are nearing that critical moment. Bullish Breakout: If the price breaks and closes above the upper trendline, supported by rising volume, it could signal the beginning of a bullish move. I'll be watching closely for confirmation from volume and momentum indicators. Bearish Breakdown: Conversely, if the price breaks and closes below the lower trendline with strong selling pressure, it might indicate a bearish move. This could lead to further downside, depending on the broader market conditions. Disclaimer: This analysis reflects my personal observations and is not financial advice. Cryptocurrency trading is inherently risky, and I encourage everyone to do their own research before making investment decisions. In my view, Ethereum is at a critical point on the 2-hour chart. I’ll be closely monitoring how the price interacts with the trendlines and whether volume confirms the breakout direction.
by Cappuccinoo0
Ethereum Analysis: Death Cross in PlayHey, TradingView family! 🚨 I’m sharing my latest analysis of ETH/USDT on the 4-hour chart. We’ve just witnessed a Death Cross (the 50 EMA crossing below the 200 EMA), a classic bearish signal. 📉 Key points: The price is forming a descending triangle, often a continuation pattern signaling more downside. The projected move from this pattern suggests a drop to $2,921, aligning with the measured move from the triangle. Recent resistance around $3,346 seems to confirm sellers are in control. If we break below the $3,159 support, further downside could accelerate. Keep an eye on: 1️⃣ Volume confirmation on breakdowns. 2️⃣ Support levels around $3,178 and $3,113 before hitting the target zone. Trade safe, everyone! Let me know your thoughts or if you see any alternative setups. #ETHUSDT #Crypto #Trading #TechnicalAnalysis
Short
by RajaSaien