#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
ETHUST.P trade ideas
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.
Ethereum price is now on the brink#ethereum #eth price is now testing the major support zone again. CRYPTOCAP:ETH tested there several times and bounced but if this time #ethusd breaks down the support the dump will even be deeper. Not financial advice.
Ethereum - Crypto - Buy IdeaEthereum has broken above a descending trendline, indicating a potential bullish reversal. The RSI also shows bullish divergence, supporting upward potential. A potential long entry with a stop loss around $2,365 and a target at $2,647 offers a good risk-to-reward ratio.
ETH Awaits Breakout at $2,456 Level ETHUSDT is currently hovering around the $2,456 mark, consolidating within a wedge pattern on the 1D chart.
As for the trend, ETHUSDT appears poised for a breakout, with potential downside movement as signals from the 34 and 89 EMA are aligning in favor of the bears.
Wishing you smooth and successful trading!
Is Ethereum losing its important support?According to the support range in the range of 2406 After breaking this area, expect a fall to the 2289 range Otherwise, the resistance of the range of 2496 will be broken It can be expected that the range of 2585 and 2674 will continue to rise
ETH UpdateETH followed my analysis perfectly as planned & we got 10% recovery since last update
Now price is getting close to finish this wave of movement and begin the next. But we have to wait and see where and how this movement will start. If and when price finishes the yellow path, then we have to see whether we can get a new pump in the market or the correction will continue?
You should not take this analysis a green light for opening short positions because the zones are not very fresh
Ethereum long scenario - mainly spot tradeEthereum long scenario
Entry: market order
Stop: 2200
Risk: 1%
Take #1 (if rebound): 2800
Take #2 (if rebound): 3950
Take #3: 4700-5000
ETH Ethereum Potential retracement soonIf you haven`t bought the recent Double Bottom on ETH:
Now Ethereum might be facing bearish pressure following the U.S. Department of Justice's (DOJ) launch of a criminal investigation into Tether, the issuer of the widely used stablecoin USDT.
According to reports from the Wall Street Journal, this investigation is led by the U.S. attorney’s office in Manhattan and focuses on potential violations of sanctions and anti-money laundering regulations.
As Tether’s USDT is a crucial component of the cryptocurrency ecosystem, widely utilized for trading and liquidity on various platforms, any negative developments regarding its regulatory compliance could have significant ramifications for Ethereum. Tether's stability and its ability to maintain its peg to the U.S. dollar are vital for many trading pairs involving Ethereum. If the investigation reveals serious issues, it could lead to a loss of confidence in USDT, prompting traders to seek safer alternatives or even pull out of the market altogether.
The ripple effects of Tether’s troubles may extend to Ethereum and other cryptocurrencies that depend on stablecoins for liquidity. A decline in USDT’s credibility could trigger panic selling, as traders rush to liquidate their positions in Ethereum and other assets, leading to increased volatility and downward pressure on prices. This scenario could particularly impact Ethereum, given its integral role in decentralized finance (DeFi), where USDT is frequently used for collateral and trading.
The scrutiny surrounding Tether may prompt regulators to cast a wider net over the cryptocurrency market, leading to increased oversight of other stablecoins and projects operating on the Ethereum network. This heightened regulatory environment could deter new investments and innovations within the Ethereum ecosystem, hindering its growth potential.
ETHUSDT - Short TradePrice swept liquidity from the inside day bar (white color) and broke a market structure.
The target will be opposite liquidity pull (Inside day bar low)
Keep it simple and consistent =)
Ethereum (ETH): Possible Breakout or Breakdown??As we mentioned previously, we are 2 sided on ETH (weekly timeframe).
Here you can see a better view of why we are in that spot, While price is trading in between those two yellow zones (support and resistance), we are waiting for a breakout or a breakdown from those zones in order to catch a downward movement or an upward movement.
Overall, on bigger timeframe as well, you can see that sellers are dominating this sideways movement and are suppressing every attempt of upward movement.
So as of now, all we can do is wait and keep a close eye on those zones.
Swallow Team
Ethereum (ETH): Price Testing Again Lower Trend Line!Ethereum is back at a supportive trend where price seems to find hard times to have a proper volume and push, which would break the structure and result in further movement to upper zones.
We are actually two-sided here but looking more for a break of trend and re-test, which would result in a further movement to lower zones so let's see!
Swallow Team
ETHUSDT / LONG / M15ETHUSDT May Rise from Bullish Order Block
Bullish Order Block: 2486.21 to 2476.42
ETHUSDT appears poised to move upwards from the identified bullish order block, with a high probability of a positive move. Cross-referencing with BTC’s behavior supports the potential for a rise, adding further strength to this analysis. Let’s monitor ETH’s price action in this zone for confirmation.
Entry Price :- 2486.55
Take Profit :- 2528.41
Stop Loss :- 2448.07
ETH Monthly chart can you see it ?ETH getting so much pressures, especialy when we notice that BTC get support at higher low, meanwhile ETH retrace to its 0,382 fibo level.
according to teory of elliot waves we have to acknowledge that in the phase of wave 2 or 4 (esp wave 2) price down and getting near to its golden ratio at fibo 0,382. so many traders would cutloss their long position, because it is more than -60% from the peak!
whatever your pov in ETH, here is the price action of ETH. in daily chart yes we see correction, but in monthly chart? it is still higher low , though lower high also created. making it interesting because what we see is triangle pattern that will soon break its structure.
Good Luck guys
Ethereum is testing the minor resistance zone in LTF#ethereum #eth price has formed ascending channel and testing the local resistance zone, declination here will cause dumps in CRYPTOCAP:ETH price in LTF. Breakout is the temporary invalidation. Not financial advice.
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.
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