Ethereum base finally formed $2380Ethereum has finally formed months of a solid base at $2378 and clearing the final downtrend line before a move up to $7600. If you were ever looking for a spot to get seriously long this is it.
ETHUST.P trade ideas
Ethereum: Potential for a Bullish Breakout The technical analysis of #Ethereum shows a potential bullish breakout with an "ascending triangle" pattern, targeting $3017 to $3623. This aligns with recent market insights, predicting stability around $2600 - $2750 in the near term and a possible rally in early 2025 after a dip in Q4. Investors might watch for momentum changes as #ETH moves through these critical price levels.
Ethereum (ETH): 2 Unfilled CME Gaps ($2,440 & $2,220)Ethereum has made another bounce from the bullish trend here, where this time with a sharp break of EMAs we have formed a nice small CME gap near that bullish trend zone.
As you all know, a CME gap acts as a magnet over some time, and now this is the second CME gap that has been unfilled since September.
So our gameplan is simple: look for a rejection from the upper zone (after some further bullish movement) and then a break of trend, which would result in a fill of the second CME gap!
Swallow Team
ETHUSDT Potential Price DropHi there,
ETHUSDT looks bearish on the H3 time frame, with the current price entering the supply zone.
The price needs to break below 50.13, with a clear break and a lower high for a potential drop.
The price could drop to the primary demand area or the zone above it. There is also potential
for a further drop toward 2246.19.
Monitoring will be required.
Happy Trading,
K.
ETHUSDT.1DReviewing the ETH/USDT daily chart provides a clear perspective on Ethereum's current market dynamics within defined technical parameters.
Key Observations:
Resistance Levels: The chart highlights 'R1' at $2,829.29 and 'R2' at $3,565.20 as the main resistance levels. These points have previously acted as ceilings for price action, suggesting areas of potential selling pressure.
Support Levels: The primary support at 'S1' is currently at $2,101.09, with further downside protection potentially near 'S2', indicated on the chart.
Descending Resistance Line: A key feature is the descending resistance line, which has been consistently capping price advances, indicating a prevailing bearish bias in the longer-term market trend.
Technical Indicators:
Stochastic RSI: The Stochastic RSI is nearing the lower end of its range, suggesting that the asset may be approaching oversold conditions. This could signal a potential reversal or at least a pause in the downward momentum.
MACD: The MACD is currently below the signal line, indicating bearish momentum. However, the histogram shows decreasing negative momentum, suggesting that the selling pressure might be easing.
Strategic Approach: Given the proximity of the price to 'S1' and technical indicators suggesting potential oversold conditions, there might be a tactical opportunity to look for entry points around this support level for a rebound, especially if other indicators such as the MACD begin to show signs of a bullish crossover.
If 'S1' holds and the price rebounds, targeting a move towards 'R1' could be feasible. It would be prudent to set a stop-loss just below 'S1' to mitigate risks in case of a breakdown. A breach of 'S1' would necessitate a reassessment of the bullish scenario, potentially shifting focus to 'S2' for further support levels.
Conclusion: ETH/USDT is currently in a delicate position, testing significant support amidst bearish trend signals. The outcome at 'S1' will be critical in determining the short-term market direction. Traders should monitor this level closely for signs of stability or a further breakdown. As always, maintaining robust risk management strategies is essential to navigate potential market volatility effectively.
Ethereum can't escape from bear grip, targets $882 firstThe price of the second largest cryptocurrency can't raise its head to catch up with
elder brother Bitcoin.
I detected three signs that the bear trend could resume soon.
1) price broke below 52-week (past 1 year) moving average and during retest it failed to break back above it;
2) RSI is below 50, bearish, also retested the resistance and failed either
3) clear consolidation on the price chart, which implies the resumption of primary downtrend
The price could retest the bottom of the first leg at $882.
The ultimate target is to complete the full cycle and touch the very bottom of $78, which, indeed, sounds apocalyptical.
ETHUSDT- Bullish ReversalETHUSDT has been in a bearish trend but currently it has formed a bullish divergence. Look for confirmation of series of HHs and HLs or wait for the breakout of the trend line to enter in buying side trade. Manage the risk-reward accordingly.
ETH/USDT 1day chart analiysis. ETH is trading at $2,471.71, showing minor declines—the green shaded area around $2,310–$2,370 is a key support zone. If price stabilizes here, this level could be critical for a bullish rebound.
ETH appears to be moving within a downward-sloping channel (yellow borders), with the upper trendline acting as resistance and the lower trendline as support.
The dotted yellow trendline and solid white support line create an intersection near the support area, suggesting a potential pivot zone. This intersection could act as a springboard if ETH finds support here.
The chart includes a red (likely short-term) and a green (likely long-term) moving average. ETH is currently close to the red line, which might act as immediate resistance. The green line is further up, suggesting that ETH would need significant buying pressure to reverse the overall trend.
The large upward arrow suggests a potential breakout scenario if ETH holds above support and gains bullish momentum. A successful breakout from this descending channel could lead to a retest of resistance levels around $2,580 and potentially higher.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
$Eth easy 100%If we start a bull run from here, #eth can do a 100% easily from here
Low risk low reward
15R:R if you trade
Potential ETH long setupKeeping my eyes on ETH right now. If it reacts well on the resistance level at around $2500 I will look for a long with this kind of 1:3R setup. Could change some depending on what happens on LTF when it gets there. Let´s see...
ETH ANALYSIS FOR AUG24Hello friends,
As you can see in the chart, we expect (ETH) drop to (696) this month
with an entry point at (3288.66) and stop-loss at (3323.91)
If you are interested in other currencies or stocks
please request them in the comments or via Telegram.
Wishing you all the best, see you in another analysis.
ETH Short : Pullback on Symmetrical breakout After succesfully breaking out of the symmetrical triangle it was consolidating in I think ETH price is ready for a pull back .
On 15 min chart supply zone formed between 2956 and 2931.
Price retested this area but was rejected. Double top formed .
Expecting a fall till 2700 before rally continues
Ethereum (ETH): Possible Switch of Trend (Upward Movement)Elections have had their own impact on Ethereum, where we are yet far from the ATH zone, but we are seeing some improvement in the price action.
With the recent high volume break of resistance (which has been re-tested as well), we are now switching here to a different strategy where we are looking for slight upward movement to happen on the ETH coin.
We are expecting the price to touch the CME gap after what we want to see some smaller correction (which should not go past support zone) in order to correct the overbought RSI.
This would give us a good possible buy opportunity on the coin, so keep our attentions on both support and resistance zones for now!
Swallow Team
ETHUSDT.P PERPETUAL Coiling up for action
Dear Intraday Degens,
How are you all doing?
Here's ETH on the 30-minute chart, and it looks like it's coiling up for action. We're seeing higher lows forming, with yesterday’s close acting as support. Volume is looking solid, and the resistance we're aiming to flip is from 02/24/2024, which isn't particularly strong.
Keep those charts open—I have a feeling something’s about to happen, hopefully in the right direction!
Stay safe and happy trading!
Simple yet you miss this ETH move ! I can't stress it enough DO NOT SHORT ETH now !
ETH price starts with 2 while BTC making new highs? have some common sense you don't even need to be a trader
ETH price path:
1- Break of 5000$ and making new highs with BTC
2- i recommend short from 5300 to 4200 for a final shake out !
3- Buy back ETH as Spot on 4200 and ride it for a +100% profit to 8500 ish
Retire !
Enjoy the ride
#ETH Leaving this chart here for tracking, lets see where we go in next few months, need the breakout similar to how we had on smaller one :P
Ethereum long $2928 TodayJust opened an ethereum long.
Target is $2928
partial target at $2900-50% of position.
Not much to say, trend is up, market looks likely to pump a bit more based on my analysis.
20% will be left in position after tp....moon bag to monitor and close manually
ETH Long Spot Trade (Breakout Opportunity)Market Context: ETH is currently testing a double resistance area (horizontal and diagonal). This setup is ideal for a breakout trade. A clean breakout followed by a throwback would offer a favorable entry point with potential for upside movement.
Trade Setup:
Entry: Around $2,800 (after breakout confirmation and throwback)
Take Profit:
First target: $3,000
Second target: $3,200
Stop Loss: Close below $2,600
This breakout setup aims to capture upward momentum if ETH clears the double resistance zone. #ETH
ETH eyes $4000 as Ethereum Foundation debuts Mekong testnet for The Ethereum Foundation has launched the short-lived 'Mekong' testnet ahead of the upcoming Pectra upgrade. The testnet includes several Ethereum Improvement Proposals (EIPs), such as EIP-7702 for UX updates, EIP-7251 for staking improvements, and EIPs for changes to deposit and exit mechanisms. It aims to engage wallet developers and stakers before the full Pectra upgrade. As the testnet goes live during DevCon Week (Nov 9-17), analysts predict a potential breakout for ETH, with Ethereum's price targeting $4000. The recent bullish sentiment surrounding the upgrade and Ethereum’s price momentum has driven ETH to a 3-month high of $2,800.
Market heating up3 rules buy, sell, wait
Wait till confirm your trading scenario always.
No rush for trading.
Opportunity will come when your trading plan fit as your plan.
ETH prediction AI RAG todayCrypto Trading Intraday Report for ETH
Timestamp: 2024-11-05
Investment Thesis:
As a trader specializing in intraday scalping strategies for ETH, the current market conditions present a favorable opportunity to consider entering a LONG position. The recent news surrounding cross-chain activity and innovative projects related to Ethereum suggests a positive outlook for ETH's value. The significant trading volume of approximately 944,594 and the bullish sentiment indicated by long account ratios above 0.7000 further support this potential.
Financial Analysis:
Bullish Long Account Ratios: Above 0.7000, indicating bullish sentiment.
Technical Indicators:
RSI values are above 50 across all timeframes, indicating bullish momentum.
The price is positioned above both EMA and SMA lines, reinforcing the bullish outlook.
Caution due to the negative MACD on the daily timeframe, suggesting potential bearish pressure.
Resistance levels around $2789.6900 and $2888.2000 should be monitored for profit-taking opportunities.
Volatility Analysis:
Average True Range (ATR): Moderate volatility.
Bollinger Bands: Price near the middle band.
Order Book Dynamics: Significant buy walls, indicating strong support levels that could facilitate upward price movement.
Data Sources:
Coinglass Data: Open interest and funding rates indicate a strong bullish sentiment.
Binance Data: Volatility index remains moderate with significant buy walls.
CoinMarketCap Data: Reports a significant increase in trading volume over the last 24 hours with a strong liquidity score.
Augmento Data: Sentiment analysis indicates a predominantly positive sentiment towards ETH.
CryptoCompare Data: Highlights positive developments in cross-chain activity.
Trade Recommendation:
Outcome: OPEN_LONG
Stop Loss: $2,650
Take Profit: $2,800
Confidence Level: 85%
Exit Point: $2,750
Entry Criteria:
Timeframe: 15m
RSI: Above 50
MACD: Bullish crossover
ATR: Moderate volatility
Bollinger Bands: Price near the middle band
Stochastic Oscillator: Above 50
News Impact: Positive developments in cross-chain activity
Historical Data: Resistance levels at $2789.6900 and $2888.2000
Current Positions:
Open LONG Positions: 0
Open SHORT Positions: 0
ETH/USDT Short SetupEthereum is showing signs of reaching a local resistance level after a strong upward push. Given the market structure and recent rejection near the resistance zone, a potential short opportunity is developing.
Entry: Around the current resistance at 2,700 USDT
Stop Loss: Set slightly above the recent highs at 2,800 USDT to minimize risk
Take Profit Zone: Looking for a pullback to the trendline support around 2,500 USDT
Analysis:
ETH has faced challenges in breaking above this level consistently, indicating a possible temporary top in this range. The recent volatility suggests that a correction could be on the horizon as traders lock in profits. The broader trend still holds bullish potential, so this is a cautious short position for a quick gain rather than a long-term reversal bet.
Remember, this market moves quickly, so stay alert for any rapid changes. Manage your risk, and trade wisely!
DYOR as always.
ETHUSDT: Bearish Momentum Signals Further DeclineETHUSDT is showing clear bearish momentum on the 4-hour chart, with prices trading around $2,422. The downtrend is supported by the price consistently staying below the 34 and 89 EMAs, indicating strong selling pressure.
The purple resistance zone around $2,490 has held firm, preventing any upward movement. As shown in the chart, ETH appears poised for further declines if it continues to respect this resistance level. Potential targets for the downside are near $2,360 and $2,280, aligning with recent lows.
Traders might consider shorting opportunities if ETH remains below the resistance, with stop-losses set above the $2,490 level. Keep an eye on market sentiment and technical indicators to confirm the bearish outlook.
