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ETH Ethereum ETFs Set to Launch. Short Term Price TargetIf you haven`t sold the top on ETH: Then you need to know that the Chicago Board Options Exchange (CBOE) has announced that five spot Ethereum exchange-traded funds (ETFs) are slated to begin trading on July 23, pending regulatory approval. However, the launch of these Ethereum ETFs could lead to a price decline similar to what was observed with Bitcoin. After the launch of the spot Bitcoin ETFs in January 2024, Bitcoin experienced a notable drop in its price. Initially, Bitcoin was trading above $48,000 but then plummeted to as low as $38,700 on January 23, 2024. This represents a nearly 20% decline from its high​​. The initial drop of 5% was observed shortly after the ETFs went live, attributed to profit-taking behavior and market dynamics​. For Ethereum, a similar scenario could unfold. The influx of capital and the heightened attention could initially drive up prices. However, once the ETFs start trading, profit-taking behavior might set in, potentially causing Ethereum's price to fall by 5% to 20%. Investors should be prepared for potential volatility surrounding the launch date. My Price Target is $2800.
Short
by TopgOptions
1
Ethereum | Think Of It As BullishI get stuck on my own way of thinking... In my own unique way of seeing things. Whenever I develop a market perspective, there is no way to get out of it... That's a problem, a true problem for somebody like me. What to do? Seems I am closed minded and cannot accept a different perspective other than my own, I tend to ask myself questions, to see if there is the possibility of being wrong. Look at Ethereum, the ETHUSDT weekly chart. Can you see it bullish? My hard head is stuck on down/red; a bearish perspective, for many reasons that I've been sharing with you in months past and that I will continue to share... Let's look at it again, can you think of this chart as bullish? Let's have a look... October 2023; the up-wave. I see many green candles. I don't see much red; what do you see? I see maximum two red candles and both are small... Ok, the bullish wave is composed of many green candles and only a few red ones. Now, March 2024; what do you see? I see many red candles, some are pretty big. I see maximum two green candles with only one big... I know of the launch of the Ethereum Spot ETF in the USA, followed by selling pressure; what to make of this? Conclusion ➖ When the market is bullish, most of the candles end up closing green on the weekly timeframe. ➖ When the market is bearish, most of the candles end up closing red. Seeing the change from green to red candles, I am assuming that the market is witnessing a period of uncertainty and doubt, we are no longer in a bullish trend. Anything can happen at this point, prices can fly high up but, all we can really say is that ETHUSDT was growing strong and the growth stalled. We can say bearish, as long as lower highs are still in place. ➖ If Ethereum moves to hit a new high vs late May, we can consider higher prices because the chart structure changed. ➖ As long as the May high holds as resistance, we continue aiming lower. The EMAs on the chart are the immediate and critical support. The fact that we will now have an "eternal bull-market" on the stock market, can mean that Cryptocurrency is about to enter correction mode. There is a situation that has been decided by the FED, I will share this on the SPX trade idea... Boost this one and follow because this is important for all your trades; your finances as a whole. Namaste.
Short
by AlanSantana
11
Possible Ethereum price action after start of ETH ETF tradingHello guys, ETH ETF trading officially started on 23rd July and I would like to discuss what we can expect from Ethereum price in short and mid terms. If story repeats itself then we can expect price drop on ETH in short term as it was with Bitcoin after start of BTC ETF trading. I remind that Bitcoin price dropped on 20% after the start of BTC ETF trading. Same thing can happen with Ethereum price in coming days and weeks. Also, as it was with Bitcoin after beginning of ETF trading, there is huge outflow from Grayscale which puts a lot of pressure on the price. This can last for a few weeks and after that we can expect reduction of selling pressure and new wave of the uptrend. Another story here is that even after beginning of ETF trading Ethereum price still follows Bitcoin price and at the moment there is selling pressure on BTC as Mt.Gox exchange transferring another big part of what they should repay. In conclusion, we have to wait when outflow from Grayscale reduces and when Mt.Gox will transfer most of their funds for repayment. These two events will reduce selling pressure for both assets and will help to resume the uptrend. Please, do not forget to boost this idea and leave your comments below, thanks.
by Real_CryptoRoy
18
Ethereum medium term analysisWe have a scenario for Ethereum. Note that this analysis requires a lot of time It doesn't matter if we reach the green range like the wave counter on the chart or not, but whenever the price reaches the green range, we will be a buyer. Ethereum seems to be completing a large bullish triangle, which we are now in wave d. It is expected to be rejected from the supply range to the damnd range. On the green range, we are looking for buy/long positions for medium and long term. Closing a daily candle above the invalidation level will violate this analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
2
ETH Plunges 19%, Time To Buy the Dip?As of the latest 4-hour chart analysis, BINANCE:ETHUSDT is exhibiting bearish signals across multiple technical indicators, suggesting potential downward pressure in the near term. The most recent closing prices have been declining, with ETH closing at $2,339.96 after previously closing at $2,312.72, $2,688.92, $2,757.55, and $2,826.98. This downward trajectory indicates that the selling pressure is mounting. The 9 EMA (Exponential Moving Average) and 20 EMA are both trending downwards, with the 9 EMA currently at 2660.85 and the 20 EMA at $2,839.74. This indicates a strong bearish sentiment, as shorter-term momentum (9 EMA) is below the longer-term trend (20 EMA). Typically, such a crossover suggests that the market may continue to experience bearish momentum. MACD (Moving Average Convergence Divergence) values are firmly in negative territory, with the MACD line below the signal line. The most recent MACD value is -175.27 with a signal line at -118.55, producing a histogram of -56.72. The widening of the MACD and signal line indicates increasing bearish momentum, with the histogram further confirming the strength of the downward trend. RSI (Relative Strength Index) values are deeply oversold, with the latest reading at 12.57. Values below 30 typically indicate oversold conditions, suggesting that the asset might be undervalued and due for a potential reversal. However, the RSI being this low also underscores the current bearish pressure. The Ethereum price is approaching key resistance levels at $3,032.55, $3,066.83, and $3,083.47. Should the price attempt a recovery, these levels will be crucial to monitor. Breaking above these levels would be necessary for any potential bullish reversal, yet the current indicators suggest this is unlikely in the immediate term. Potential Trading Strategies Considering the current bearish trend, caution is advised for entering long positions. Potential entry points could be considered if there is a clear reversal signal near oversold conditions on the RSI, combined with a bullish crossover on the MACD. An exit point could be placed just below the resistance levels, specifically around 3032.55 to manage risk effectively. The prevailing trend favors short positions. Potential entry points could be at or near the resistance levels mentioned ($3,032.55, $3,066.83, $3,083.47), anticipating that the Ethereum price will fail to break through these levels. Exiting these trades could be considered as the Ethereum price approaches key support levels or if a bullish reversal signal is confirmed.
Short
by Ecoinimist
ETH ANALYSIS (potential reversal)🔮 #ETH Analysis  🚀🚀 As we can see that #ETH was trading in a descending channel and given a breakout and make a bullish movement and right now same structure is forming and at the crucial support zone. We can see bullish movement or a reversal from its crucial support zone 💸 💯🚀 💸Current Price -- $2740 📈Target Price   --  $3950   ⁉️ What to do? - We have ETH crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #ETH #Cryptocurrency #DYOR
Long
by ZEUS_Market_Alerts
ETH-USDT 12HInterval Chart ReviewHello everyone, let's take a look at the ETH to USDT chart on a 12-hour time frame. How can we see how the downtrend channel has been defined for us, in which we are at the lower border. Let's start by determining the support line and here you can see how the support at $2,823 has been broken and we are currently approaching the strong support at $2,626, while when we start going further, the next support is around $2,392. Looking the other way, there is resistance at $2,922, and then the price will again have to face the resistance zone from $3,098 to $3,225.
by cryptodailyuk
ETH long - swing trade We're currently broken below the sellside (red line) we noted earlier. Taken a long position looking to target the HTF buyside sitting around 3.9K. Entry 2700 TP 3985 SL 2300 A clean break and hold below 2.5K and the trade idea is invalidated. The overall crypto market is currently flushing down as BTC broke below 60K. No need to front run the market...simply FOLLOW THE MARKET AND TRADE WITH IT. Let's see where the market wants to go from here. Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Long
by Patrick2707
Bear trap ahead - Giant "fake" SHSSo, as I mentioned in my previos analyis on ETH I said that I won't rule out another stop hunt below ~2800$ for ETH and this is the reason why I believe so: If you are a bear, this is probably what you are looking at: A huge IHS with the neckline around ~2825$ which would give a target of 2k. But knowing the market for almost 10 years now I think I know what happens next :) These huge and OBVIOUS shoulder-head-shoulder patterns fail almost every time, or at least >90% of the time. So pretty sure we are about to see a nice bear-trap coming days which means a stop hunt below 2800 to ~2700-2750$ hold there for 1-2 days and then see an aggressive push above the "neckline" again. Do what you will with this information :) I start longing from the range lows with bids down to 2700$ Stay safe!
by TV288
1