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Ethereum / TetherUS

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ETHUSDT trade ideas

ETH/USDT Price Action Technical Analysishello guys. let's dive into ETH! Bullish Engulfing Patterns: Two significant bullish engulfing patterns are highlighted on the chart. These indicate a reversal of previous bearish trends, suggesting bullish momentum. Quasimodo Levels (QML): QML1: This support level, around the $2,585 region, was previously tested, and price rejected it, leading to the formation of the first bullish engulfing pattern. QML2: The second Quasimodo level is marked around $2,600, where the price has recently reacted and is currently finding support after a slight retracement. Resistance Zone: There's a clear resistance area marked just above the $2,680 level. Price might test this zone if it continues upward momentum. Key Support Zone: The support area is between $2,585 and $2,600, which has been validated by the market reaction at QML1 and QML2. Price Action Structure: After a corrective move down, Ethereum has been showing signs of recovery, with the market forming higher lows. The price is currently bouncing from the QML2 zone, looking to retest the key resistance at $2,680. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
1
ETHUSDT Faces Key Resistance, Downtrend Ahead?The ETHUSDT chart shows Ethereum currently trading within a sideways channel, with support around 2,400 USDT and resistance near 2,750 USDT. After a slight recovery, ETH seems unable to break through this resistance level and is now turning downwards. Combined with uncertainty in the cryptocurrency market and macroeconomic factors, ETH is likely to continue fluctuating within this range before possibly breaking the support zone. If the 2,400 USDT level is breached, a strong downtrend could push ETH to lower levels around 2,200 USDT or even further. Trading strategy: Traders can wait for ETH to reach the resistance zone near 2,700 USDT to enter a sell position, with a target of 2,400 USDT. If the price breaks below this support, continue holding the sell position with a lower target around 2,200 USDT.
by Suyouu
ETH breakout??Ethereum has generally been falling behind this Bullrun with some disappointing PA. Currently RTH finds itself able to prove some LTF strength with a breakout play on the 15m timeframe. After trending to the downside over the weekend ETH has hit a bullish OB and reacted well off that level that coincided with the bottom of the channel. Price has now broken out to the upside, retraced to test that level as new support and it's here where R;R is strong should ETH show some strength and push upward. Some points of confluence would be the 200ema now trending up and is at the same support level as the trendline, I'd like to see good support here. Easy invalidation would be a break in structure at the local low, along with a loss of the 200ema & trendline support. BTC's behaviour also a factor in this move too as it always is when HTF chop occurs.
by ProR35
Ethereum's Bullish Surge: Prepare for Massive Gains!Bullish Scenario: The chart shows a significant resistance zone between $2,750 and $2,825 (highlighted in blue). If Ethereum breaks above this resistance, it could indicate a potential bullish continuation. After breaching the resistance, the price may target the $3,000 psychological level, followed by $3,086, as indicated by the horizontal level. If Ethereum continues to create higher lows, this would confirm the strength of the upward momentum. Bearish Scenario: The green zone around $2,519 to $2,564 represents a key support level. If Ethereum fails to sustain above this level, it could fall back to test lower supports. A breakdown of the green support zone could lead to the next support $2,439. In a more bearish case, the next target could be around the orange support area between $2,117 to $2,172, indicating a larger sell-off.
Long
by TheCryptoCity
Ethereum Stuck in Upward Expanded Triangle: What's Next?Ethereum is moving in the Expanded Triangle in the 4-hour time frame. Examining the Ether chart in the 4-hour timeframe, we conclude that Ethereum is moving in an upward Expanded Triangle pattern and is now in the middle of this pattern. As can be seen, the last ceiling that Ethereum was able to register did not reach the ceiling of the said pattern. This movement shows the increase in sales pressure and the decrease in the power of buyers. Ethereum can move towards the two support levels identified at $2,531 and $2,451 to get the liquidity it needs. Also, if the bottom of the pattern is broken, we can expect Ethereum to move towards the important support area of ​​$2,148-$2,200. Do you think Ethereum will be able to break out of the Expanded Triangle pattern?
Short
by parhamnb
ETH, recent pump barely scratching the surface MASSIVE MOVE NEXT ETH recent pump was an indication of things to come -- good things. The coin went from 1700 to 1900 within 72 hours -- indicating that a longer shifting trend is about to materialize. Based on recent news, low supply of ETH is being detected on most exchanges depicting a bullish scenario for the coin. On weekly data, new higher lows was created both on Histogram and pricing -- conveying the recent ascend with the current price range to be the new base for the incoming significant price growth. Weekly data price movement volatility has been on the conservative side hinting that for every higher low it established -- it is creating a solid support range. On Tri monthly data -- it is hinting of the same bullish continuation scenario. Surging price valuation on longer time spectrum. A bubble up volume has finally appeared after 5 months of waiting, last one was on January 2023. Expect significant price valuation for ETH in the next coming weeks. The weekly chart is too clean, direction is certain -- no further explanation needed. Spotted at 1850. TAYOR Safeguard capital always
Long
by JSAL
5
ETHUSDT Near Resistance - Expecting a Downward CorrectionETHUSDT is currently testing a descending trendline, which has acted as resistance in previous instances, as shown by the two prior rejections marked by red arrows. The price is hovering near $2,650, with a potential move towards $2,740 if short-term bullish momentum continues. However, based on the chart pattern and market behavior, there is a high likelihood of rejection near the $2,800 mark, leading to a bearish correction. The projected scenario suggests that if ETH is rejected from the trendline, it may revisit the support zone around $2,300 - $2,200. The market remains cautious as traders await key macroeconomic data that could influence risk assets, including crypto. This trend aligns with the broader market's volatility and concerns around interest rates and global economic uncertainty. In summary, ETHUSDT could see a short-term increase before likely encountering strong resistance, prompting a downward move towards the support range. Traders should be alert to price action near the $2,800 level for possible trend reversals.
by Suyouu
$ETH On The Edge: Short Trade With Major ConfluenceTrade Thesis: Ethereum (ETHUSDT) is flashing several bearish signals that suggest a potential significant downside move. With Bitcoin ( CRYPTOCAP:BTC ) in a short-term downtrend, ETH appears poised to follow suit. Here's why this setup could be a high-probability short opportunity. Technical Analysis: Strong Overhead Resistance at $2700: Key Resistance Level: ETH rejected off the $2700 area, a significant resistance area that's previously halted upward movements. High Volume Node (HVN): This level coincides with a High Volume Node, indicating heavy trading activity and potential selling pressure above this price. Price Crossed Below VWAP and HMAs: VWAP Break: ETH has dipped below the VWAP, signaling a shift toward bearish momentum. 30 & 60 Hull Moving Averages (HMAs): Trading beneath the 30 and 60 HMAs adds to the bearish outlook. Bitcoin's Downtrend Influence: BTC Correlation: Bitcoin's decline sets a negative tone for the crypto market, increasing the likelihood of ETH moving downward. Market Sentiment: A bearish BTC often leads to selling pressure across major altcoins like Ethereum. Potential Support Levels: Minor Support at $2500: Watch for temporary support around $2500. Major Support at $2350: A significant support zone with another HVN lies near $2350, which could be the target area for this short. Attractive Risk-to-Reward Ratio: Stop Loss Options: Place a stop loss at $2700 (conservative) or $2750 (aggressive), based on your risk appetite. Take Profit Target: Aim for the $2400 area, offering a 1:1.5 or 1:2 risk-to-reward ratio, depending on stop placement. Trade Setup: 🔹 Entry Point: Consider entering a short position below $2600 (below the strongest HVN area) 🔹 Stop Loss: Set at $2700 or $2750. 🔹 Take Profit: Target $2400 or $2350. Key Indicators to Watch: VWAP and HMAs: Sustained trading below these may confirm the downtrend. Volume Trends: Increasing sell volume can strengthen the bearish case. Bitcoin's Movement: BTC's price action will likely influence ETH. Conclusion: ETH is teetering on the edge, with multiple technical factors pointing toward a potential pullback. The convergence of strong overhead resistance, bearish moving average crossovers, and Bitcoin's downtrend creates a compelling short setup. Trading is about probabilities, and these aligned signals boost the confidence in this trade idea. Enjoyed this analysis? Smash thE follow for more exclusive insights and high-probability trade setups! 🚀
Short
by Willell1367
Ethereum About To Collapse Toward $1,000We are looking at Ethereum and things are not good, support is being challenged... How are you feeling today my fellow Cryptocurrency enthusiast? I hope you are having a great Monday. The week is just starting and we are looking at the weekly timeframe. Ether (ETHUSDT) produced three weeks of green while challenging MA200 as support. The more often a support level is challenged, the weaker it becomes. MA200 was challenged first in August and this produced a strong price bounce. But then it was challenged again in early September and then again and again, three consecutive weeks this level was challenged but it held as support. Now, prices moved up but there is no bullish momentum. Prices moved up after MA200 was confirmed as support but there is no volume. So we are going to see another move down, another test of MA200 weekly and this time this level is very likely to break because of the major, long-term lower high. Notice that Ethereum is in a major bearish trend, lower highs and lower lows. Once a support level breaks, the next major support area is tested to see if it holds. If it holds, we can see the end of the bearish move and the start of a new bullish move. If it breaks, we can see the continuation of the bearish move and lower prices. The most relevant level below MA200 sits around $1,500 and $1,750, this is the next target. Now, if panic sets in and people start to sell en-mass, even lower prices become possible and this would activate the low $1,000 price range. We are talking about $1,000 and $1,200 or a wick below 1K. This is a wait and see, but the market is bearish and moving down next. Prepare for the crash. The entire market will feel the force of this down-wave. Hopefully, this will be the last crash of 2024 and the end of the corrective phase. After this move, we are set to experience long-term growth. The correction in November is sure to produce a higher low. Namaste.
Short
by AlanSantana
Ether is flashing a long signalHey traders! We're keeping a close watch on ETHUSD for a potential upside reversal and have added it to our watchlist. Here’s why: ETH is sitting at the bottom of the Bollinger Bands on the 30-minute chart, suggesting a potential bounce. On the daily timeframe, it's holding above a key dynamic support area, signaling a bullish bias. Even though the broader stock market shows weakness (which often correlates with crypto), BTC and ETH are still attracting investor interest, especially with global geopolitical tensions and central banks’ loose monetary policies. As always, do your own research and manage your risk carefully!
Long
by Quantili
Ethereum Stability Amid Market Volatility and Promising OutlookAccording to the latest data, the Stochastic Oscillator reveals a divergence between price action and market momentum. While the price of Ethereum has experienced higher lows, the oscillator shows a lower high. This divergence suggests a strong possibility of a bullish reversal, meaning Ethereum’s price could rise after bouncing off its support levels. This pattern is a positive signal for Ethereum traders, especially those looking for buying opportunities during the current dip.
Long
by AlgoVesting