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ETHUST trade ideas

ETHUSDT Current Position (August 18, 2024, 12:00): The market is at a resistance level around 2,665.00. This area could signal either a pullback or a breakout, depending on market sentiment and external factors. Next Key Times: August 20, 2024, 06:00: This time point may represent a moment of potential reversal or continuation of the current trend. August 23, 2024, 01:00: This could be a critical period, where a major movement in either direction may occur. August 24, 2024, 16:00: A point to watch for further developments. August 25, 2024, 11:00: This point could indicate a stabilization or another shift in the market's direction. Interpretation: Upward Potential: If ETH/USDT breaks the current resistance and continues upward, it could reach the 2,690.00 mark or higher. This would likely align with positive developments or market optimism. Downward Risk: Failure to break above resistance may lead to a test of the lower support around 2,600.00 or lower, with potential significant drops around the key timeframes identified.
by trushkovskiy
1
ETH/USDT Outlook ICT ConceptsETH/USDT Analysis 💰 Welcome to Your Channel! Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on ETH/USDT, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains. 💡 Previous Analysis Review: In the previous analysis, we anticipated a sweep of the Sell-Side Liquidity (SSL), but instead, the market created Equal Lows (EQL) near the SSL, forming a key liquidity level. This development alters the market's potential direction and opens up new scenarios. 📍Current Market Overview: • Current Price: ETH/USDT is trading at 2,653.01, having recently swept the Previous Week High (PWH). Key Levels: • EQL: Positioned near 2,560.00, forming a significant support and liquidity zone. • BSL (Buy-Side Liquidity): The recent sweep of the PWH suggests a potential revisit to this BSL zone. • 4H FVG: The Fair Value Gap above the current price acts as a resistance, capping further upside unless a significant breakout occurs. 🔍 Identifying Key Levels • PMH (Previous Month High): 3,600.00 • PWH (Previous Week High): 2,740.00 • PML (Previous Month Low): 2,560.00 • SSL (Sell-Side Liquidity): 2,310.00 • BSL (Buy-Side Liquidity): 2,740.00 • 4H FVG: Near the BSL zone, offering potential resistance. 📊 Key Considerations • Equal Lows (EQL): The creation of EQL near the SSL indicates strong sell-side liquidity. This could attract future bearish interest, making it a critical level to monitor. • Sweep of BSL: After sweeping the PWH, another sweep of the BSL is likely, leading to a potential expansion lower targeting sell-side levels. • Sell-Side Target: The key downside targets include the SSL levels below 2,560.00. If these are taken out, the bearish scenario could extend towards the SSL at 2,310.00 or lower. 📈 Bullish Scenario For any bullish scenario to materialize: • Break Above BSL: A clear break and close above the BSL (near the 4H FVG) is required. This would invalidate the bearish outlook and suggest a continuation higher. • Sweep of Sell-Side Levels: The market must take out the EQL and SSL to remove the bearish pressure and open up higher targets. 📉 Bearish Scenario A bearish scenario is more likely if: • Rejection at BSL: After sweeping the PWH, a failure to break above the BSL (4H FVG) could lead to a significant move lower. • Expansion Lower: Following the BSL sweep, an expansion lower targeting the SSL and EQL is expected. This would align with the market's current bearish structure. 📊 Chart Analysis Summary • Bullish Expectation: Requires a clean break above the BSL, with the sell-side liquidity being taken out first. • Bearish Expectation: Anticipating an expansion lower after sweeping the BSL, targeting key sell-side levels. 📝 Conclusion: The market's creation of EQL near the SSL has introduced a strong bearish outlook, particularly after the recent sweep of the PWH. A sweep of the BSL followed by a move lower is expected, but for any bullish scenario, the sell-side levels must first be taken out. 🙏 Thank you for joining us! Exploring ETH/USDT today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning! ⚠️ Disclaimer The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
by RealArmin
1
Important section: 2531.05 ~ 0.382 (2647.88)Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- The key is whether the M-Signal indicator on the 1M chart can rise above and maintain the price. To do so, we need to check whether it can rise along the rising trend line during the volatility period starting around the week of August 19. If not, and it falls below 2531.05, there is a possibility that it will fall again to around 2159.0, so we need to think about a countermeasure for this. - Currently, the StochRSI indicator has entered the oversold zone and is maintaining the status of StochRSI < StochRSI EMA. Therefore, it is important to see if it can be supported around the 2531.05 ~ 0.382 (2647.88) section. Therefore, it is recommended to proceed with a purchase when the StochRSI indicator is out of the oversold section and StochRSI > StochRSI EMA. However, since the current chart is a 1W chart, it is possible that it has shown a lot of increase when the above situation occurs. Therefore, you should check whether there is support in the section (2531.05 ~ 0.382 (2647.88)) and see if you can proceed with a split purchase. - If you compare the current flow with the past flow, it seems to be showing a movement corresponding to around May 9, 2022. However, the current situation is a bit different from that time. When it was around May 9, 2022, there was a decline in USDT, but currently, USDT is showing an increase. Therefore, I think it is showing a different flow than before in that it is time to find a time to buy even if it falls further than the current price, not a time to find a time to cut losses. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will start when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
#ETHUSDT Time to Buy?🔸Following the market crash in August 3, ETH fell by 37% from $3,639 down to $2,150. The pair has since pulled back by 30% currently sitting at $2,613. 🔹While Bitcoin recently reached a new ATH, ETH on the other hand only reached $4,000, $800 lower than it's ATH. This makes this recent price fall a lucrative price to buy for long-term holders specially the current price at $2,610 and the $2,150. 🔸There has been a significant increase in both staking and restaking of ETH, which supports Ethereum's proof-of-stake (PoS) consensus mechanism. EigenLayer, a restaking platform on Ethereum, saw an 11% increase in its total value locked (TVL) in one week, signaling growth in the restaking market. 🔹Positive fundamentals followed by a overall market recovery would reignite the bullish movement and push the price up above the 0.61 ($2,903) from there the next significant price levels to watch out for would be the 200 MA (3,240), $3,600 and $4,100. 🔸On the other hand, further bearish momentum in the crypto market in the short-term could send the price down to $2,150 which still wouldn't change the overall bullish trend However, if the price drops below this level, it could signal a potential shift in market trend, leading ETH into a prolonged downtrend or bear market. Zanzibar Trading
Long
by Zanzibar_Trading
ETH (Ethereum): Approaching ResistanceTrade setup : Price broke below its 200-day moving average, which signaled downtrend. However, it got oversold (RSI < 30) near $2,400 support and bounced up. Also notice the unusually high volume, which also suggests that a lot of sellers have already exited. Momentum is inflecting bullish again (MACD Histogram rising) and price could reach $2,850 resistance. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend. The recent launch of nine ETH Spot ETFs could also boost demand for ETH. Learn to trade chart patterns in Lesson 8 and set Stop Loss levels in Lesson 9. Pattern : Price is Approaching Resistance , which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level. Learn to trade key levels in Lesson 7. Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $2,400.00, then $2,100.00. Nearest Resistance Zone is $2,620.00, then $2,850.00.
Long
by altFINS
Eth / Usdt BINANCE:ETHUSDT Eth Now have Two Mode I mentioned The red Box Pretty Interesting The First One is 2,780 And The Second One IS 2,433 . Ethereum (ETH) is another prominent cryptocurrency that, like Bitcoin, experiences significant price fluctuations. Currently, Ethereum's price is observed with two key levels of interest: $2,780 and $2,433, which are highlighted as potential points of focus on its price chart. The price level of $2,780 is often considered a resistance point. Resistance levels are prices at which selling pressure may increase, potentially causing the asset to struggle to move above this point. If Ethereum approaches this level, it might face challenges breaking through it, leading to potential price stabilization or even a reversal if the resistance holds. Conversely, the $2,433 level is identified as a support point. Support levels are where buying interest may emerge, potentially preventing the price from falling further. If Ethereum’s price drops to this level, it could find buying strength, which might stabilize or even push the price upwards if the support holds firm. Both of these levels are crucial for traders and investors to watch. If Ethereum moves towards $2,780, it could signal a test of resistance, while a dip towards $2,433 might indicate testing of support. Monitoring these levels helps in making informed trading and investment decisions based on potential price movements and market trends. Disclaimer : I am Not Financial Adviser
by Wolftrader1337
3
ETH Ascending Wedge, Uptrend Channels and Repeating Patterns2nd Box in the Chart First, when we look at the boxes on the chart, we can notice the horizontal accumulation zones that continue upwards sequentially. Now, let's look at the 2nd and 3rd boxes. In the 2nd box, we see a downtrend channel. After the price uses the bottom region of the box as support sufficiently with this downtrend channel, it gives the first upward breakout, and the uptrend process begins. 3rd Box Now, let's look at the 3rd box. The price reached the EUROTLX:4K region, and despite many news events like the ETF, that price region acted as resistance and went down. Meanwhile, a downtrend channel similar to the one in the 2nd box formed. If we look closely, we can see that the price has already started using this downtrend channel. I think this process will continue similarly to the 2nd box. In other words, I believe that the upward breakout process will begin when the price squeezes until the end of the convergence between the downtrend channel and the bottom support region of the box. This could likely take a few months because there is quite a bit of space between the downtrend channel and the lower support of the 3rd box, and the price hasn't started squeezing yet. After Breaking Upwards After the price breaks upwards, I think it will move in a structure similar to the purple-colored movement, more or less. This is because the two uptrend lines below form an ascending wedge, and I believe the price will somehow catch up with this again.
Short
by huecoshunter
ETH/USDT 1D Trade idea It's no secret, Ethereum has been struggling this Bullrun. Outperformed by Solana and other new emerging L1's, a permabearish ETH/BTC chart and losing market share in terms of volume on chain to its competitors. The daily chart is a difficult one to digest as a fan of ETH, despite the ETF approval and the institutional investment that has come with it, the trend is an obvious downtrend of late and shows no signs of changing anytime soon... The ETH/BTC pair is a similar story only the downtrend has been the case for much longer, unable to keep up with bitcoins price gains. Bitcoin is currently -20% from its ATH set earlier this year, Ethereum is yet to break its previous ATH set in '21 of $4850, -47% at current price which is way off BTC. For me there are two possible entries: - A mid range reclaim would then target a range high move going into the end of the year. - A safer entry of filling the wick set in the beginning of august with a slow grind down, sweep liquidity, reclaim and pump from there. Both situations would require BTC to behave as always.
by ProR35
Donald Trump Now Holds Ethereum Worth $1 MillionDonald Trump, the former President of the United States, has made headlines once again, but this time it's not about politics—it's about cryptocurrency. Recent financial disclosures have revealed that Trump holds between $1 million and $5 million in Ethereum ( CRYPTOCAP:ETH ), placing him among the prominent figures in the digital asset space. This revelation comes at a time when the crypto market is facing significant volatility, particularly for Ethereum, which is experiencing heavy selloffs and ETF outflows. Trump’s Deepening Involvement in Crypto The disclosure of Trump’s Ethereum holdings marks a significant shift in his financial strategy, particularly given his past criticisms of cryptocurrencies. Once dismissive of Bitcoin and other digital assets, Trump now appears to be embracing the crypto world, not just as an investor but as an active participant in the burgeoning market. His Ethereum ( CRYPTOCAP:ETH ) holdings, valued at up to $5 million, suggest a calculated move to diversify his wealth and capitalize on the growing influence of digital currencies. But Trump's involvement doesn't stop at Ethereum. He has also earned millions through NFTs (Non-Fungible Tokens), a digital asset class that has exploded in popularity over the past few years. According to the financial disclosure, Trump has raked in over $7 million from NFT licensing deals, making him a significant player in the NFT market as well. His NFT projects, including the controversial Trump Digital Trading Cards, have generated over 15,808 ETH in trading volume on OpenSea, one of the largest NFT marketplaces. The Crypto Influence of the Trump Family Trump's foray into the crypto world isn't an isolated endeavor. His family, particularly Donald Trump Jr., has also shown a keen interest in digital assets. Trump Jr. recently launched a Telegram channel dedicated to cryptocurrency and decentralized finance (DeFi), which has quickly amassed over 11,000 members. This initiative, dubbed "The Defiant Ones," signals the Trump family's growing influence in the crypto space and their intention to leverage this new frontier for political and financial gain. The timing of these revelations is particularly noteworthy as they coincide with Trump's ongoing campaign for a return to the White House. His deepening involvement in cryptocurrency could be seen as a strategic move to align himself with the rapidly growing number of crypto enthusiasts and investors, a demographic that has become increasingly influential in American politics. Ethereum’s Tumultuous Moment Trump’s significant Ethereum ( CRYPTOCAP:ETH ) holdings come at a time when the cryptocurrency is under intense market pressure. On August 15, spot Ethereum ETFs saw a net outflow of $39.21 million, reflecting waning investor confidence. This was further exacerbated by a major whale selloff, where 2,978 ETH were dumped, adding to the bearish sentiment surrounding the digital asset. Crypto analysts have issued warnings of a potential correction in Ethereum's price, with some predicting a drop below the crucial $2,000 support level. The combination of ETF outflows, whale selloffs, and technical indicators like the TD Sequential flashing sell signals all point to a challenging period ahead for Ethereum. Political Implications and Market Impact Trump’s crypto investments, particularly his substantial Ethereum holdings, add a new layer of intrigue to his political persona. His entry into the crypto space could resonate with younger, tech-savvy voters who view digital assets as the future of finance. Moreover, it positions him as a forward-thinking leader who is willing to embrace new technologies, a narrative that could play well in his presidential campaign. However, Trump's crypto dealings could also attract scrutiny, especially from regulators who are increasingly focused on the digital asset market. The fact that Trump has quietly amassed a fortune in Ethereum while the broader market faces regulatory challenges and volatility could raise questions about his motives and the potential impact of his financial decisions on the market. Donald Trump is making his mark in the crypto world, and the implications could be far-reaching. In the ever-evolving landscape of cryptocurrency, Trump's actions may set a precedent for other political figures to follow, potentially intertwining the worlds of digital assets and political power in unprecedented ways.
by DEXWireNews
ETH: Is ETHEREUM About to Crash?Is ETHEREUM About to Crash? Technical Analysis: Ethereum (ETH) has formed a bearish wedge pattern, suggesting a potential downward move. A strong resistance zone near $2,780 has pushed the price back down. Consequently, ETH is likely to continue its decline in the coming days. Key support levels to watch are $2,450 and $2,330, with the possibility of further drops to $2,200. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
6