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ETHUST.P trade ideas

#ETH Bullish Cup and Handle Structure📊#ETH Bullish Cup and Handle Structure📈 🧠We placed some long orders after breaking the key watershed downtrend line and saw a nice move up. From a structural perspective, a bullish cup-and-handle structure has been established, and there is still room for continued gains in the future. ➡️However, after we broke through the previous high, we encountered the resistance of two necklines (2805-2813), so we need to be wary of the risk of a correction. Even if we want to participate in new long transactions, we should wait patiently for a period of correction before considering it. ➡️Unfortunately, there was only a US$1 difference from our TP2 and the automatic reduction was not triggered, so we manually reduced our position by 30% and only retained 20% of our position. We are patiently looking forward to more. 🤜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
Short
by wolf_king888
Ethereum (ETH) Consolidation Continues, Potential Breakout AheadCurrent Situation: Ethereum's daily chart remains unchanged as the price consolidates within its current range. The longer this consolidation continues, the larger the anticipated breakout could be. Trade Position: Currently positioned long on ETH, but traders should be cautious of a potential stop-hunt that might trigger a flush to the downside before the significant move occurs. Key Level to Watch: Support Level: $2,350 – This is the critical area to monitor if a downside flush happens. Stay vigilant and prepared for potential volatility as the consolidation phase unfolds. #Ethereum #ETH #Crypto #MarketAnalysis #TechnicalAnalysis #Cryptocurrency #Consolidation #SupportAndResistance #Breakout #Volatility
by Richtv_official
Ethereum Set for a Turnaround?Market activity for Ethereum (ETH) has been subdued, showing only a slight increase of 2.45% in price, now trading around the $2,600 level. This kind of price behavior is typical when an asset is trading within a symmetrical triangle—a pattern characterized by converging diagonal upper and lower lines. Previous instances of such trading patterns have often led to significant price movements, either upwards or downwards. Momentum among Ethereum traders is increasing, as indicated by the Moving Average Convergence and Divergence (MACD). This tool tracks the relationship between two moving averages of ETH’s price, helping to spot changes in momentum and direction. Recently, the MACD signaled a bullish crossover, suggesting that buyers are actively entering the market and may continue to push the price upward. Additionally, Ethereum’s momentum has been on the rise, with the MACD trending toward positive territory. This suggests a strong likelihood of continued price increases. The Chaikin Money Flow (CMF) also supports this bullish outlook. It has been rising since the 18th of August, indicating that buying pressure was mounting. If this trend persists, it could further propel ETH’s price higher to the $2,800 target.
by paul_endeo
1
#ETH is blocked by the downward trendline📊#ETH is blocked by the downward trendline❌ 🧠Recently, ETH has been consolidating sideways since it reached the resistance zone. The differences are relatively large, the trend is not good-looking, and it is not standard, so I rarely pay attention to it. Only when we get out of this divergence area will trading become easier. ➡️The key watershed that can be seen at present is the downward trend line. Today is the third test. If it cannot successfully break through, then I hope to see the price move back to the buying zone below. Let’s see 👀 🤜If you like my analysis, please like 💖 and share 💬 BITGET:ETHUSDT.P
Short
by wolf_king888
1
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