Hitting ascending support and entering the apex of the triangle $ETH.X >> 4 Hr. Chart >>
Hitting ascending support and entering the apex of the triangle pattern
Looking for a break above thew 50 SMA @ 3419.78 to signal upside potential
XETUSD trade ideas
ETH Heading Towards New All-Time HighsSabah Research has recently published a compelling analysis suggesting that Ethereum (ETH) is on track to reach new all-time highs (ATHs) of $4,900. This projection is supported by technical analysis using Elliott Wave Theory 2.0, as well as a favorable Trump Presidency toward crypto currencies.
Elliott Wave Theory 2.0 Analysis
According to Elliott Wave Theory 2.0, ETH is currently in the early stages of the fifth impulsive wave, which began approximately four months ago. Elliott Wave Theory posits that market movements follow a predictable wave structure, with five waves in the direction of the prevailing trend (impulsive waves) and three corrective waves against it. The fifth wave is typically characterized by a strong bullish momentum, often exceeding previous highs.
Sabah Research notes the following key points from the Elliott Wave analysis:
Wave 4 Correction Completed: The recent market correction (Wave 4) provided ETH with a strong support level, forming a foundation for the next impulsive phase.
Wave 5 Momentum Building: Early indicators suggest strong bullish momentum as ETH's price action aligns with historical patterns observed in previous fifth waves.
Target Price of $4,900: Based on Fibonacci extensions and historical price behavior, the fifth wave is projected to push ETH to a new ATH of $4,900.
Disclaimer: This research is for informational purposes only and should not be considered financial advice.
Ethereum Inverse Head And Shoulder Pattern The technical analysis of Ethereum (ETH) is displaying a classic bullish inverse head and shoulders pattern. This bullish formation suggests a strong upward breakout is imminent, potentially signaling a significant price surge for ETH.
Ethereum, the world's leading blockchain platform for decentralized applications (dApps), is revolutionizing industries across the globe. From DeFi to NFTs and beyond, Ethereum provides the foundation for a new era of innovation and decentralized technologies.
7.8k SYMMETRICAL / Cup n Handle?!shared this last month, and with a breakout on most LTF and HTF’s, we shortly after invalidated and have moved towards some liquidity below.
Upon switching to the monthly chart, we can see we have 6 days or so until it closes; so my theory is this:
Taking into account the current patterns to 4k I’ve shared today, if not be surprised if we can close above on the monthly, confirming a successful breakout, still achieving our targets of 7.8k- as we disregard the LTF’s invalidation.
Keen to see how this goes.
Eth 4K Adam Eve / symmetrical breakout!Entered long on this symmetrical triangle two days ago, looks to be going for the Adam Eve neckline for the breakout, sending eth towards 3.9/4k.
After we succsssfully reached the bull pennant target last month of 4.2k, we invalidated on LTF the huge inhs/ cup and handle. However, that being said, we have another opportunity. I will share the new HTF cup and handle I’m watching after this one.
Merry christmas
#ETH/USDT#ETH
The price is moving in a descending channel on the 1-hour frame and is expected to continue upwards
We have a trend to stabilize above the moving average 100 again
We have a descending trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 3300
Entry price 3340
First target 3387
Second target 3464
Third target 3556
I think Ethereum will see $2,700 again.Should see price retest the marked area (around $2700) probably.
Stop loss $3550
ETH/USD
"Hello traders, focusing on Ethereum, the price has encountered a powerful FVG on the daily timeframe, sweeping liquidity and experiencing a sharp rejection. The candle formations on the 4-hour and 1-hour charts indicate a potential upward movement from this zone."
Next level would be 3800$ .
ETH is breakingETH is currently breaking in the 4HR on our fib that was 3,406, now waiting on daily close above to keep this momentum going. ALT SEASON BACK?
Ethereum Eth usd daily analysis
Time frame 4hours
Risk rewards ratio =2 👈👌
Technical analysis 👇👇
As you can see in the chart, Ethereum has formed a double top(peak) pattern.
The distance from the top to the bottom has dropped by about 14%.
So, according to the double top pattern, we should have the same amount of drop from the bottom of the second peak. -14%again.
This Ethereum price decline has ended with a support level. (Dark blue box )
👉Which is a very important point.👈
On the other hand, according to Elliott wave counting, the 3-point correction wave has also ended and Ethereum is starting an impulse wave. ✔️
There is also news about the start of the Alt-Season, and we know that one of the factors for the start of the Alt-Season is negative sentiment towards the market.📉📉
and now most analysts and traders expect a price decline, which can be good news for buyers.👌👍
Daily Analysis of Ethereum – Issue 241The analyst believes that the price of { ETHUSD } will decrease in the next 24 hours. This prediction is based on quantitative analysis of the price trend.
Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
Eth and Btc narrow rangesRising wedge patterns appear to be forming - Btc needs to reject at just below $100k and Eth around $3600 for the pattern to play out and the price to drop significantly - The timing should coincide with the monthly candle - If the market is kind it gives the longs a last chance to get out...
ETHUSD | Support zoneETHUSD support zone.
Is Ethereum ready for a big push to the upside?
Let me know what you think!
Daily Analysis of Ethereum – Issue 240The analyst believes that the price of { ETHUSD } will decrease in the next 24 hours. This prediction is based on quantitative analysis of the price trend.
Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
ETH Prediction for this cycleChat is this realistic?
ETH has a bright future
just take the fib and see for yourself, eth is the play with the best R:R
Source: Trust Me Bro ;)
Ethereum is going to 2000 then new ATH
Alright, let's talk about what I see coming for Ethereum. I’ve been deep-diving into these charts, especially that weekly one where I’ve highlighted the past moves and percentages. I'm using these patterns as a guide to try and anticipate where Ethereum is heading next. I'm going to set aside any kind of trading advice, and focus on what I see the market doing next.
Key Observations From Past Cycles
Looking at Ethereum's history, I’m seeing a pretty clear cycle of large price swings:
Massive Rallies: Ethereum has a history of powerful bull runs, where the price can surge by hundreds, or even thousands of percent. I need to be aware of these to understand the potential of the coin.
Substantial Corrections: These rallies are always followed by substantial corrections, which range from about 30%, to upwards of 80%. This is important to see as any retracement can be devastating to a trader.
My Prediction For The Next Move:
Based on those historical patterns, here’s what I see as the most probable outcome for Ethereum's next move:
Anticipated Retracement: I’m expecting a retracement, or a pullback following the recent gains. Ethereum tends to make large retracements after a period of growth, and I am anticipating this will happen again soon. I want to see the price find a solid level of support, as this will be important to the next move up. Based on historical price action, I expect the next support levels to be somewhere around $2000 to $2500.
The Next Upside Move: After that pullback, I anticipate a strong upside move.
The magnitude of this move is unclear, but the data on the chart shows we could be looking at a move upwards of 100%, and maybe even more. I want to be watching that very carefully when it happens.
ETHUSD | Long Idea | Support ZoneBoth BTCUSD and ETHUSD heading for support zones.
Let's see if they hold or break.
Let me know what you think!
ETH cooling off?ETH broke a fib level of 0.786 at 3,406 now on a downtrend towards the 0.618 level at 2,866 in the monthly. Weekly fib, floating right under 3,406 bounced off a 3,213 support.
Quick conclusion, on a cool downtrend watching the 2,866 fib level if it breaks the 3,213 support. On the Daily currently showed a reverse double stop, rejecting price forcing it down. Now cooking in a triangle on the daily on a downtrend which usually indicates bearish signals. Zoom out still trending up, watching the 3,406 fib level for uptrend signals.
Don't forget what, and who you're doing this for. Remember to always to take your profits, DYOR, and invest only what you can afford to lose. My stuff is never any financial advice, i just post my opinions of stuff that i am on, goodluck, and happy holidays!
ETH Ethereum looks ready for a big move , if it breaks resistance .
Target would be around 10-11000$ .
Ethereum Bullish Penant Reforming... Price Target 10-18kMacro log perspective on ETHUSD shows a massive bull pennant forming since April 20, 2017
Pole height: ~$400
Breakout around ~$350 (conservative)
Price target: $750
Major support: $300
Data From ptk921
Real Height: $1400
History is repating itself
Macro log perspective on ETHUSD shows a massive bull pennant forming since November 30, 2021
Pole height: ~$4800
Breakout around ~$3750 (conservative)
Price target: $10-18k
Major support: $3000
Realistic Height: $14000
The Fib Retracement Illustrates this perfectly.
Solid R:R Here
ETHUSD Will Go Higher From Support! Long!
Please, check our technical outlook for ETHUSD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 3,346.7.
Taking into consideration the structure & trend analysis, I believe that the market will reach 3,667.7 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
