Get started

Ethereum / UST

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

ETHUST trade ideas

The point to watch is whether it can rise to around 2555.69 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (ETHUSDT 1D chart) I told you that in order to get out of the current box range (2273.58-2706.15), the price should be maintained above 2419.83. However, it is currently touching around 2419.83 and rising. Accordingly, I think the upward momentum may be weak. Therefore, I think it is better to wait until we see support near 2555.69. Currently, the M-Signal indicator on the 1M chart has fallen below 2666.70 and is passing around 2555.69. Accordingly, I think it is not too late to buy after confirming that the price is maintained above the M-Signal indicator on the 1M chart. If it rises above the upper point of the box section, 2706.15, I think it is highly likely that it will show a sharp upward trend. Therefore, it is recommended to buy below 2706.15. Once the rise begins, it is expected to rise to around 3265.0-3321.30. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale upward trend will begin after rising 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: 134018.28 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.1Dreviewing the ETH/USDT daily chart, I can identify several critical aspects of Ethereum's price action that are essential for forming a trading strategy. Key Observations: Resistance Levels: The chart shows several distinct resistance levels. The immediate resistance is marked at 'R1' ($2,836.60), followed by 'R2' ($3,034.20) and 'R3' ($3,565.20). These levels have historically acted as barriers where the price faced significant sell-offs. Support Levels: 'S1' at $2,472.28 serves as the nearest support level, offering a potential bounce zone if the current uptrend retraces. Below this, 'S2' at $2,101.09 provides a deeper support level which could be critical in the event of a larger market downturn. Current Price Trend: Ethereum is showing an upward trajectory within a rising channel, suggesting a bullish outlook in the near term. Technical Indicators: Stochastic RSI: Currently in the neutral zone, indicating that there is neither an overbought nor oversold condition, which typically provides room for the price to move in either direction without immediate pressure from RSI extremes. MACD: The MACD line is below the signal line but the gap is closing, indicating potential bullish momentum building up. This could signal an upcoming positive crossover if the trend continues. Strategic Approach: Given the current setup and Ethereum's price approaching 'R1', my strategy would focus on monitoring for a strong break and close above this resistance level. A confirmed breakout could potentially target 'R2', offering a lucrative trading opportunity. Should the price fail to break 'R1' and shows signs of reversal, I would consider 'S1' as a critical level for potential buy orders, assuming the MACD supports continued bullish sentiment. A fall below 'S1' would necessitate reassessment, possibly adjusting to a more defensive position, preparing for tests of 'S2'. Conclusion: Ethereum is currently in a phase that hints at bullish potential, but approaching significant resistance at 'R1'. Observing volume, MACD developments, and price action near this resistance will be crucial in determining the strength of the ongoing momentum. Should a breakout occur, the subsequent resistance levels provide clear targets for taking profits and reassessing positions. Conversely, a retreat from these levels would highlight the importance of the identified support zones. As always, maintaining a balanced view with rigorous risk management is essential to navigating these potential scenarios effectively.
Long
by MarsSignals
1
$ETH going to the moon!BINANCE:ETHUSDT.P Repeat this trade. On the chart we can see that the correction I mentioned earlier is underway. The price is now at the Fibonacci level, which could be the reversal point of this movement. Also, the price may go a little lower to gain more volume at the support level. After that a longing pattern will be formed. And the movement will continue towards the strong resistance level and there will be a final denouement. If the price is able to break the resistance level, we will go to take a take, if not, we will have to move the stop. Subscribe to my reviews at the link below in the Signature.
Long
by DirectorTradinga
ETH Symmetrical Triangle Breakout Could Ignite Rally to $3,500ETH/USDT is currently attempting to break out of a symmetrical triangle on the daily chart, a pattern that typically represents a period of consolidation before a strong directional move. The price has been coiling between a horizontal resistance zone around $2,750 and a rising support trendline, building tension for a potential breakout. Currently priced at $2,628.72, Ethereum has gained over 6% today, showing signs of upward momentum. If this breakout occurs, it could confirm a continuation of the broader bullish trend, with the next target for Ethereum sitting around $3,500. From a technical perspective, symmetrical triangles are considered neutral patterns, but the current market conditions suggest a bullish breakout is more likely. The increasing volume and positive price action leading up to the resistance level are bullish indicators. If Ethereum clears the $2,750-$2,800 range convincingly, the measured move from the height of the triangle suggests a potential upside target of $3,500. However, failure to break could lead to further consolidation within the pattern, and traders should watch for a decisive move above resistance before entering long positions. Overall, the breakout scenario presents a favorable risk-reward setup for bulls aiming for $3,500 in the short to medium term.
Long
by GreenCryptoTrades
ETH Prediction : 01 November 2024ETH formed an evening star pattern. If it breaks the support, it will move down and stop at around 2170. Before taking any trade let's wait for today for confirmation of Evening Star. If the trend continues, short the ETH. The chances of going down are very low. But if it takes the support of 50 EMA trends will continue after after giving a small dip to execute the stop loss for week byers. The chances of going up are very high but only after a long dip. According to the chart pattern the market is getting ready for the long position as the market is consolidating in the range.
Long
by mayankkumar8520
$ETH Is This the Perfect Entry Point or a Trap?BINANCE:ETHUSDT.P On the chart we can see that the correction I mentioned earlier is underway. The price is now at the Fibonacci level, which could be the reversal point of this movement. Also, the price may go a little lower to gain more volume at the support level. After that a longing pattern will be formed. And the movement will continue towards the strong resistance level and there will be a final denouement. If the price is able to break the resistance level, we will go to take a take, if not, we will have to move the stop. Entry data: Entry: 2580 SL: 2468 TP: 2952
Long
by DirectorTradinga
1
Nobody Told Ethereum Bitcoin Was Hitting A New ATH?Is this it? Is the high in? I know you already know what I think but I just wanted to share the joke, the joke in the title... Nobody told ETH what Bitcoin is doing? Hello... It seems Ethereum has been left behind. You know, something similar happened in 2021... The double-top in November was not matched by the entire market. Only a portion of the market went on to produce a strong double-top or higher high together with Bitcoin. Most of the Altcoins peaked in early 2021 and never looked back. So this is not new. Bitcoin went ahead and hit a new ATH recently while the rest of the market is nowhere to be found. The similarities to 2021 are appalling. We are assuming that the ensuing correction will be fast and short-lived, but this is just an assumption. Who knows how things will really develop. With the threat of war, socio-political instability, financial chaos and the rest, anything goes. We are living in some really interesting times... Can't wait to see the results. Ethereum can move higher but first, it needs to close weekly above $2,800-$2,900 or else it is more of the same, consolidation within a bearish flag. If it can move and stay above $2,800-$2,900, this activates bullish potential. Anything lower and there is nothing to expect from this chart, other than another major drop. I'll see you on the other side. Some of the 3X Short pairs on KuCoin just shot up ~9,000,000%. Is someone predicting another leg down? I don't know about predictions but they are betting down. The timing is revealing. Namaste.
by AlanSantana
7
Thesis ETH AIEthereum (ETH), the current market conditions present a favorable environment for short-term trading opportunities. The analysis is conducted every 14 hours, allowing for dynamic adjustments to trading strategies to optimize profits and minimize losses. The recent bullish momentum, combined with technical indicators and market sentiment, suggests potential opportunities for scalping. Data Analysis Open Interest: Steadily increasing over the past 8 hours, indicating growing market participation. Weighted Funding Rate: Currently positive, suggesting a bullish sentiment among futures traders. Liquidation Levels: Critical around the $68,000 mark, where significant liquidations could occur if the price reverses sharply. Analysis: The increasing open interest and positive funding rate support the bullish sentiment observed in the market, while low liquidation levels provide a cushion against sudden price drops. Binance Data Trading Volume: Robust over the last 24 hours, with a notable increase in buy orders. Market Sentiment: Leaning towards bullish, with many analysts predicting a potential breakout above the $72,000 level if current trends continue. Expert Consultations: key support levels at $2,620 and resistance at $2,700, suggesting potential breakout opportunities. Analysis: The consensus among experts emphasizes monitoring key resistance and support levels and considering long positions as ETH approaches these levels. CoinMarketCap Data Circulating Supply: Approximately 1 billion ETH tokens. Market Capitalization: Approximately $320 billion. 24-Hour Trading Volume: 131,690 ETH, indicating strong trading activity. Analysis: The robust trading volume and stable market capitalization support the bullish outlook for ETH, as increased trading often correlates with price movements. Sentiment Analysis Sentiment Score: 75%, indicating a predominantly bullish sentiment towards Ethereum. Top Crypto Sentiments: "Bullish" and "Buy". Implications: Aligns with technical indicators and expert predictions, reinforcing a positive outlook for ETH. Technical Analysis RSI (Relative Strength Index) Value: 66.3100 on the daily chart. Interpretation: Indicates overbought conditions but remains below the critical threshold, suggesting potential for upward movement with caution. MACD (Moving Average Convergence Divergence) Status: Positive, indicating a bullish crossover. Interpretation: Supports the idea of upward momentum. Stochastic Indicators Status: Favorable, suggesting potential bullish momentum. Moving Averages MA20: $2,673.8700 Price Position: Above the 20-day and 50-day moving averages, reinforcing the bullish trend. Support/Resistance Levels Support: $2,620 Resistance: $2,700 Bollinger Bands Current Position: Approaching the upper band at $71,452.91. Implications: A breakout above this level could lead to further gains, while failure to break could result in consolidation or pullback. Analysis: The RSI indicates strong upward momentum but suggests caution as it nears overbought territory. The bullish MACD crossover aligns with positive momentum. Price positioning above key moving averages suggests the continuation of the uptrend. Resistance levels at $2,700 are critical points for potential profit-taking and trend confirmation. Summary The current market conditions for Ethereum (ETH) indicate a bullish trend supported by increasing open interest, positive funding rates, and optimistic market sentiment. Technical indicators across multiple timeframes suggest potential upward momentum, with key resistance levels at $2,700 and support levels at $2,620. The significant trading volume and positive sentiment from both analysts and retail investors reinforce the potential for short-term gains through intraday scalping strategies. However, caution is advised as the RSI approaches overbought levels, which could lead to a pullback or consolidation. Trade Recommendation Outcome: OPEN_LONG Confidence Level: 85% Current Price: $2,673.8700 Stop Loss: $2,640 Take Profit: $2,720 Exit Point: $2,710 Entry Criteria RSI: Below 70 indicates potential upward movement. Price Position: Above MA10 suggests continuation of the trend. MACD: Positive crossover supports bullish momentum. Current Indicators: RSI: 66.3100 MACD: Positive MA20: $2,673.8700 Action Plan Monitor the Price Closely: Breakout Strategy: If Price Holds Above $2,620: Action: Consider opening a long position. Adjust Stop Loss: Tighten the STOP_LOSS to $2,640 as the price approaches resistance levels to minimize potential losses. Take Profit Strategy: As Price Approaches $2,720: Action: Consider taking profits. Adjust Exit Point: Move the EXIT_POINT to $2,710 to secure profits. Risk Management: Set Stop Loss at $2,640 to limit potential losses. Take Profit at $2,720 to capitalize on expected price movement. Exit Point at $2,710 as an intermediate target. Be Prepared to Act: If RSI Falls Below 50: Action: Indicate a potential reversal; consider taking profits or adjusting positions accordingly. Monitor Market Sentiment: Stay informed about any changes in market sentiment or technical signals that could impact the trade outcome. Assumptions/Limitations This analysis is based on current market conditions and available data. Rapid market changes may affect the accuracy of predictions. Always consider personal risk tolerance and market volatility when trading.
Long
by titankarma
1