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ETHUSDT trade ideas

ETHUSDT.1DIn my current analysis of the Ethereum/USDT daily chart, I observe several technical indicators and chart patterns that influence my trading strategy. As of the latest data, Ethereum is trading at approximately $2,351.80, reflecting a positive change of 2.44% on the day. The chart reveals Ethereum is navigating within a downward trend channel, highlighted by the consecutive lower highs and lower lows, which suggests a prevailing bearish sentiment in the market. This is further supported by the descending red trendline, marking a significant resistance point that Ethereum has struggled to overcome. Focusing on the support (S1) and resistance levels (R2, R3, R4), it's evident that Ethereum has recently tested and failed to breach the resistance at $3,019.87 (R2). If Ethereum attempts to recover, the next critical resistance level to watch is $4,082.68 (R4), which aligns with previous highs. The Fibonacci retracement levels, drawn from the high in May to the recent low, indicate that the 0.618 retracement level at $3,019.87 (R2) has served as a significant barrier. A sustained move above this level could signal a potential reversal of the downtrend, whereas failure to break above could see Ethereum retesting the support at $2,080.64 (S1). The Moving Average Convergence Divergence (MACD) presents a divergent view, with the MACD line approaching the signal line for a potential bullish crossover. This suggests that upward momentum might be building, despite the prevailing downtrend. Additionally, the Relative Strength Index (RSI) is currently at 39.99, which is near the oversold territory. This might indicate a possible strengthening or reversal in Ethereum's price action, as sellers could exhaust, paving the way for buyers to step in. In conclusion, while the short-term outlook for Ethereum appears bearish within the context of the trend channel, there are emerging signs of a potential reversal. Key resistance and support levels will guide my trading decisions. Should Ethereum breach the $3,019.87 resistance convincingly, it may open up the path towards higher resistances. Conversely, a break below the $2,080.64 support could exacerbate the bearish pressure, targeting lower price levels.
Long
by MarsSignals
4
time for ETH to fly 🐺 Hello dear KIUCOIN community 🐺 I hope you doing well ; in this idea I want to give you a very good and exciting news about ETH and also I would try to make this idea brief but very useful 🔥👇 : As you can see on the chart, ETH is forming a large ascending triangle , which is considered a bullish pattern . However, this pattern is on the weekly chart. The good news is that when this pattern breaks, we could anticipate a significant ETH and altcoin season, which I believe would be a life-changing opportunity for you all. Now let's analyze the daily chart to identify potential entry points for long or short positions. Who knows, we might find a great opportunity! As you can see in the chart above, if ETH breaks through the orange resistance line , we could consider entering a long trade with a risk/reward ratio of around 1.5 , which I believe is an acceptable level for initiating a trade . 🙏🔥 Don't forget to follow me on X. You can find the links in my bio and below this idea 🙏🔥 and also always remember : 👇 🐺 Discipline is rarely enjoyable , But almost always profitable 🐺 .
Long
by Kiu_Coin
2
ETH Daily and Weekly Analysis: Key Levels to WatchDaily Chart: Ethereum is forming a descending triangle, a pattern that historically offers a 70% probability of a breakout to the upside and a 30% chance of breaking downward. Traders should keep an eye on price movements near the triangle's boundaries for a potential breakout. Weekly Chart: Ethereum/USDT recently touched a major support level and is approaching the 200-week EMA. Additionally, the RSI is at oversold levels, indicating a potential reversal or bounce in price as selling momentum weakens. These technical signals suggest that Ethereum could be gearing up for a significant move soon. If you found this analysis helpful, please SUBSCRIBE ✍️ and SHARE🙏 Good look! 🚀
Long
by crypt0AP
Ethereum's Path to Potential Upside: A Bullish OutlookOn the daily chart for ETH/USDT, we can observe a clear corrective pattern unfolding, with a likely formation of an extended WXYXZ correction. Currently, the price is showing signs of completing wave (Y), and we may soon see a final leg down towards the completion of wave (Z). Based on the projection of the 1.618 Fibonacci extension, the critical support level lies near $1,920, which also coincides with previous demand zones. If this key level holds, we could expect a reversal from this region, potentially igniting a strong upward momentum. The 0.786 Fibonacci retracement level around $1,750 serves as another critical confluence point, suggesting that this area could provide a robust foundation for a bullish reversal. Should ETH respect these support zones, it could mark the beginning of a new impulsive structure, leading to higher highs in the upcoming months. While the near-term trend remains bearish, the long-term perspective offers a promising opportunity for buyers if key support levels are respected.
Long
by AmirHossein.J
#ETH arrives at the buying area📊#ETH arrives at the buying area✔️ 🧠From a structural perspective, we have constructed a bearish double top structure in the resistance zone. Currently, the goals of this structure have been fully achieved, so we need to be alert to the occurrence of a rebound. ➡️We placed some long orders in the buying zone, and the rebound in the buying zone has already occurred. Therefore, we partially reduced our holdings when we reached the resistance zone again, and will use the remaining positions to look forward to more. ➡️If the strong rebound does not start from here, then you can focus on the next support area 2169-2193 Let’s see 👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:ETHUSDT.P
Long
by wolf_king888
ETHUSD → Manipulating growth before liquidation BINANCE:ETHUSD is forming a counter-trend bounce and is aiming for strong resistance amid a bearish trend. The project is going through a rough patch, fumbling for a market bottom... ETH faces troubles:: WisdomTree has requested the withdrawal of its ETH (Ethereum Trust) fund registration application three years after filing with the SEC. Earlier, VanEck closed its futures ETH-ETF, citing lack of demand. Likewise, indicators suggest that Whale stopped accumulating ETH since July. Since then, they have been mostly selling. Technically, we see the market being squeezed by strong resistance: trend lines as well as moving averages, which may negatively affect the market, keeping the coin from rising. Resistance levels: 2375, 2460, 2510. Support levels: 2309, 2111 The coin is heading towards the resistance and liquidity area amid a bearish trend. This can be seen as a manipulated move to capture liquidity before further testing the intermediate bottom. I expect a decline from the mentioned zones towards 2100-2000. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHUSD ;) Regards R. Linda!
Short
by RLinda
39
The key to starting a trade is support and resistance points Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- As you study candles, you will learn about trend reversal sections. Therefore, rather than learning the shapes or patterns of candles, when you study them, you will be able to see the support and resistance points and sections made up of the selling area and trend reversal sections in a big picture. Therefore, rather than trying to memorize the shapes or arrangements of candles, it is important to see whether support and resistance points and sections are formed when such shapes, arrangements, and patterns appear. The same goes for other studies related to charts. - As you study candles, you will find that what you have studied appears in the sections where candles are gathered. These areas are drawn as horizontal lines to indicate support and resistance points. However, objective information is needed to conduct trading on the horizontal lines drawn like this. Otherwise, even the support and resistance points you drew will likely become useless lines if you conduct barrack trading because you don't trust them. Be careful because your psychological state will interfere with analyzing the chart. - The easiest way to obtain this objective information is the Heikin Ashi chart and the Renko chart. The Heikin Ashi chart and the Renko chart help you check the trend because they show fewer fakes and sweeps. (Heikin Ashi chart) (Renko chart) Among these, you can immediately see that the Renko chart is a bit easier to find support and resistance points. - You can think of the points near the end of the blocks on the Renko chart as having strong support and resistance points. Therefore, among the horizontal lines drawn on the chart above, the 2800.0 and 4000.0 points are the end points of three blocks, so they can be seen as strong support and resistance points. If you change the Renko chart to a regular candle chart, you can clearly see that it will form support and resistance points or sections. However, since the Renko chart changes the price in blocks, it is difficult to trade at this point. Therefore, the Heikin Ashi chart or Renko chart is good to use when analyzing the chart, but it is difficult to trade. - To compensate for this, we created a horizontal line at the price position using indicators (StochRSI, OBV, CCI, RSI) that have been used for a long time. The horizontal line connected to the current candle position plays the role of the current support and resistance point. And, since the longer the horizontal line, the stronger the support and resistance role, you can see that it plays the role of support and resistance even if it is not connected to the current candle. - The support and resistance points drawn on the Heikin Ashi chart or Renko chart are difficult to use for trading, but you can easily check the support and resistance section by looking at only the 1D chart. However, in order to display support and resistance points with a general candle chart, support and resistance points must be displayed on the 1M, 1W, and 1D charts. And, the order of charts with strong support and resistance is 1M > 1W > 1D charts. - When you look at the 1M, 1W, and 1D charts using the HA-MS indicator, horizontal lines like the above are displayed. You can display them by changing the line type or line thickness to make them easier to see and then proceed with trading. ---------------------------------------------------------------- The above content corresponds to the method of finding support and resistance points included in general chart-related books. Of course, it is different from the explanation in the chart-related book, but I explained how to use indicators to more clearly indicate support and resistance points. - Even if you trade with the support and resistance points above, it will not work well when you actually trade. This is because you are not familiar with the most important trading strategy in trading. In conclusion, the most important thing is to create a trading strategy, rather than finding the support and resistance points explained above, looking at the trend line, or looking at indicators. However, it is very difficult to create a trading strategy that fits your investment style from the beginning. So, you should practice creating a trading strategy that suits you while trading based on the information of the objective chart. In order to trade, you need to decide on the following three things: 1. Investment period 2. Investment size 3. Trading method and profit realization method The above three things must be determined. No. 1 and 2 are determined according to your investment style. Therefore, it is recommended not to change No. 1 and 2 after you start trading. 3. Based on the information of the actual chart, the buy section, sell section, and stop loss point are determined. In addition, the profit realization method can be determined according to the investment period. The profit realization method is: 1. How to get cash profit 2. How to increase the coin (token) corresponding to the profit There are methods 1 and 2 above. - In order to create a trading strategy, it is important to display all the information you want on the chart before starting the transaction. If you do not, and then display lines on the chart after starting the transaction, psychological factors will be added and displayed, so the possibility of not trusting the lines drawn after starting the transaction increases. To prevent this, it does not matter if you use the indicator added to the HA-MS indicator. The reason is because it is objective information. You should increase profits or reduce losses by adjusting the investment ratio while conducting the transaction using this objective information. - Have a good time. Thank you. --------------------------------------------------
Editors' picks
Education
by readCrypto
4
ETH long momentum High risk Possible Momentum in ETH – 6 Bullish Arguments: 1️⃣ Swing low is holding. 2️⃣ Liquidity sweep below the swing low. 3️⃣ Discount Array Weekly 4️⃣ Bearish FVG disrespected. 5️⃣ Wick from the previous day still respected today. 6️⃣ Bullish FVG 1H respected Trade Management: The key focus is on how the weekly candle closes, so my stop-loss is placed tightly below the previous candle’s low. Target profit is set at the intermediate term high (ITH). Capital Risk: 2% R/R: 5.74
Long
by Jaytradermb
Ethereum (ETH): Weekly Supportive Trend Seems Weak!Another week is here and we see already some struggle near our zone (where price has to bounce from). Now, as we have previously mentioned, ideally we should see a upward movement from here and a bounce, but it seems that the volume of buyers is not strong enough and sellers are taking control here. If it continues like that, we will see further pressure here and a possible break of trend to happen (which would start a nasty downward movement from here). Swallow Team
by SwallowPremium
4
Ethereum Is Not Done With Its Correction (Patience)I can see some 50M USD in LONGs liquidations being reported at Coinglass for Ethereum in the past 24 hours... My friends, the bearish wave (correction) is not over. Ethereum can easily hit $1500/$1750, or even lower. Some calculations put the bottom at $1200 or even $800. It might not go that low but I'll tell you what, it is way too early go LONG. Wait patiently, the market will give clear signals when the bottom is in. We will see massive green all across, within hours after the bottom hits. Right now everything is red and this is not the end. Patience is key. Namaste.
Short
by AlanSantana
6
Is your ETH and SOL working for you !?The crypto market never sleeps which means leaving your holdings stagnant could mean missing out on significant opportunities. So it’s time to ask yourself: Are your assets maximizing their potential, or are they just gathering virtual dust? You wouldn’t leave all your money in a low interest savings account, so why do it with your crypto? The idea is to put your investments to work, so they keep earning returns without you lifting a finger. I’ll walk you through exactly how to read it and use it to your advantage. But that’s just the beginning, we’ll also be covering: -Yield strategies: A breakdown of the strategies we use to generate yield. -Pros and cons: The advantages and drawbacks of each strategy. Not sure what options are best for you? Are you letting your capital sit idle? Worried about security risks? This analysis is about to change that .I’ll show you how to maximize your returns and crush those security fears, so you can confidently put your assets to work Let's dive right in and kick things off with the ‘crowd favorite’ of yield strategies: staking Staking is exclusive to Proof of Stake (PoS) blockchains and their associated tokens. Meaning you cannot gain staking yield from Bitcoin, for example, because it is a Proof of Work (PoW) blockchain. by staking your tokens like CRYPTOCAP:ETH or CRYPTOCAP:SOL , you receive a portion of newly minted tokens, effectively earning yield while playing a vital role in securing the network. If you’re not staking, you could be missing out on significant gains, with potential returns ranging from 3% to 18% APY. that’s why many investors choose to stake their assets rather than let them sit idle Staking has become a widely adopted strategy, with staking ratios (amount staked vs. unstaked) sitting between 20% and 80% on most POS blockchains In fact, a staggering $520 billion is currently staked across the top PoS blockchains, underscoring its popularity as a method for generating additional income. Assuming an average 5% reward rate, that equates to $25 billion in staking rewards. That’s massive. Despite the appeal of earning extra income through staking, becoming a solo staker can be technically challenging which is why staking providers like Lido, Rocket Pool, and Jito have emerged. They handle network validation for the rest of us, while maximizing our staking yield. Let’s break down the pros and cons of using a staking provider: Pros: ✅ Security and efficiency: Our tokens are put to work securely and efficiently, contributing to the network’s security without us having to manage it all ourselves. ✅ Maximized rewards: We earn the majority of staking rewards without needing to handle the technical complexities, making it a hassle-free way to generate income. ✅ Liquidity retention: We receive liquid tokens as proof of our staked assets, allowing us to stay flexible and use them in other DeFi opportunities. Cons: ❌ Fees: These providers typically charge a fee ranging from 8% to 25% for their validation services, which can slightly reduce your overall yield. ❌ Smart contract risks: There are inherent risks associated with smart contracts, such as bugs and/or vulnerabilities, that could potentially impact your staked assets. By weighing these pros and cons, you can decide whether outsourcing your staking through liquid staking providers is the right strategy for you. Ok, so if that’s the case how do we go about choosing the right liquid staking provider? Here are some key factors to consider when selecting a provider: 1/ Reputation and security Track record: Look for providers with a solid track record and a strong reputation in the DeFi space. Security measures: Ensure the provider employs robust security measures, such as smart contract audits. 2/ Total volume locked TVL: Check how much liquidity your chosen provider has attracted. TVL is a quick and effective measure of the broader market's trust in a provider, as it reflects the total amount of assets currently staked or locked in their protocol, valued in dollars. Feel free to use DefiLlama, which ranks all liquid staking providers by TVL. Simply select the blockchain you’re interested in, and you’ll see the top players in the space, giving you a clear view of where the most assets are being staked and which providers are leading the market. 3/ Yield rates Competitive yields: Compare the staking yields offered by different providers. While higher yields are attractive, they should not come at the expense of security or reliability. Fee structure: Be aware of the fee structure. Liquid staking providers typically charge a small fee for their services, which can impact your overall returns. 4/ Liquidity and flexibility Liquid staking tokens (LSTs): Check if the liquid tokens issued by the provider are widely accepted across DeFi platforms and have enough liquidity. The more integration and liquidity these tokens have, the better. Redemption options: Some providers offer instant or flexible redemption options for your staked tokens, which can be crucial if you need quick access to your assets. 5/ Decentralization and governance Decentralization: Providers that are more decentralized tend to be more resilient to risks such as regulatory actions or central points of failure. Governance participation: Some providers offer governance rights with their tokens, allowing you to have a say in the protocol’s future direction. This can be an added benefit for those interested in being more involved in the ecosystem. 6/ Community and support Active Community: A strong, active community can be a good indicator of a provider’s health and future prospects. Engage with the community to gauge the level of transparency and support. so while you trading and trying to maximize your gains Its good to stake some of your HODL bag as well
Editors' picks
Education
by moonypto
2