Ethereum ETH Price Targets after the FOMC meeting this weekThe upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments.
The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak.
Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the financial situation is much steadier.
Additionally, inflation remains elevated, and with evidence of stubbornness in underlying inflation, it could be in the 4% to 5% range, far above the 2% inflation target. The markets are pricing in a 25bp Fed Funds rate hike to 5.25% at the May FOMC meeting, and given the steadiness in financial markets, persistence in price pressures, and continued decent activity, this could contribute to a further downturn in the crypto market.
ETH/USDT short
Entry Range: 1800 - 1950 usd
Take Profit 1: 1710 usd
Take Profit 2: 1620 usd
Take Profit 3: 1480 usd
Stop Loss: 2150 usd
ETHBTC
Ethereum ETH Price Targets after the FOMC meeting this weekThe upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments.
The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak.
Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the financial situation is much steadier.
Additionally, inflation remains elevated, and with evidence of stubbornness in underlying inflation, it could be in the 4% to 5% range, far above the 2% inflation target. The markets are pricing in a 25bp Fed Funds rate hike to 5.25% at the May FOMC meeting, and given the steadiness in financial markets, persistence in price pressures, and continued decent activity, this could contribute to a further downturn in the crypto market.
ETH/USDT short
Entry Range: HKEX:1800 - 1950
Take Profit 1: HKEX:1710
Take Profit 2: TSE:1620
Take Profit 3: TSE:1480
Stop Loss: TADAWUL:2150
1790.20-1883.90 The key is whether or not you can be supported.Hello?
Traders, welcome.
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** Analysis of the BTC chart publishes new ideas once a week.
** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations.
** Excluding the above situation, BTC analysis is listed as a daily update.
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(ETHBTC 1W Chart)
Looking at the big picture, it forms a large box range from 0.048765-0.053586 to 0.072484-0.079552.
Therefore, the key is whether movement outside this range can be produced.
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(ETHUSDT chart)
(1W chart)
The HA-High indicator on the 1W chart is about to form at 1790.20.
Therefore, if the HA-High indicator is created at 1790.20 and it is confirmed to be supported near that point, it is expected to rise around 2419.83.
If not, it falls
1st: 1611.62
2nd: 1338.65
You need to make sure it is supported in the vicinity of the 1st and 2nd above.
(1D chart)
During the volatility period between April 28th and 30th, we need to see if there is a move out of the 1883.90-2075.10 area.
Accordingly, if it shows support around 1883.90, a short buy is possible.
The primary target for this short buy is around 2075.10.
In this way, the HA-Low and HA-High indicators act as paired indicators.
If the HA-High indicator on the 1W chart is created at 1790.20, if it is supported around 1790.20-1883.90, it is expected to continue its upward trend in the short and medium to long term.
However, it is expected that it will lead to an additional rise only when it rises above the 2075.10-2196.53 section, so a selling strategy is needed for this.
Similar to BTC's 1M chart, the HA-High indicator is located at a fairly high point.
Therefore, it is expected that a long-term uptrend will begin only when the price is maintained by rising above the HA-High indicator.
Therefore, from a long-term perspective, it should be seen that we are currently at a point of up and down swing.
ETH is a coin that belongs to the high price range.
Therefore, when trading a coin (token) that maintains a high price range, you need to have enough room to check the flow.
Otherwise, if you trade frequently, you may need more funds and reduce the amount you hold.
Therefore, I think that the selling strategy I recommend is to sell some of them to obtain cash profits by selling at least 30% of the profit per purchase unit price, or to increase the number of coins corresponding to the profit by selling the amount of the purchase amount.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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ETH CAN DROP AGAINHi, dear traders. how are you ? Today we have a viewpoint to BUY/SELL the ETH symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ETH - Bigger drop to 1500$ coming! After thorough analysis, it is apparent that the price of ETH has developed a Head and Shoulders pattern. In the event of a breach below the neckline, a substantial downward movement is anticipated. It is therefore advisable to closely monitor the neckline for any such movement.
Furthermore, based on the strong correlation between BTC and ETH, it is expected that the latter will follow a similar trajectory as the former. Given the likelihood of BTC decreasing from its present levels, ETH is expected to move downwards as well. Thus, it is reasonable to anticipate that ETH will break below the neckline and experience further downward movement.
With regards to BTC:
it is evident that the price got rejected from the bear market downtrend resistance! There is a possibility that the recent bear market rally has come to an end. The rejection from the downtrend resistance is indicating a potential move to the previous bottom of $15.5k. This notion is consistent with the concept of the price following a pattern reminiscent of the 2021 summer period!
Furthermore It appears that the current market period is unfolding similarly to the one observed in 2021. If this trend continues, it is likely that the market will experience a downward movement, potentially leading to a decline in value to 13.5k.
While it's true that history doesn't necessarily have to repeat itself, it is often observed that historical patterns tend to rhyme with the present.
In conclusion, it is anticipated that the price will continue to exhibit a downward trend, with a likelihood of revisiting the 15k level in the future.
ETH IS STILL BULLISHHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ETH symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
#Bitcoin Bulls Press On, Will ETH Gains Be Reversed?Past Performance of ETHBTC
BTC is ahead of ETH, looking at the arrangement in the daily chart. The recovery is albeit a solid performance of ETH in the past few days. Overall, from a top-down preview, Ethereum buyers remain in charge. This is further supported by the fact that the BTC lead has been at the back of decreasing volumes in the past few trading days. The longer-time view pattern favors ETH bulls from a volume analysis perspective.
#ETHBTC Technical Analysis
The April 26 bar ended lower and volatile. There were attempts to stem losses leading to a long lower wick suggesting the presence of ETH bulls. This, coupled with the fact that ETHBTC prices are still bound inside the recent bullish trade range, favors the upside. Still, it is until there is a buildup, ideally above 0.067 BTC with increasing volumes. For now, how prices react at 0.065 BTC would shape the immediate term with the awareness that losses may strengthen BTC, forcing prices towards 0.062 BTC.
What to Expect from #ETHBTC?
BTC bulls are pressing on, and there are a series of lower lows at the back of decreasing volumes. Even so, how prices react at 0.065 BTC today might determine the near-term formation. Conversely, there must be a conclusive close above 0.067 BTC for ETH bulls to resume the uptrend, aligning with the upswing from mid-April 2023.
Resistance level to watch out for: 0.067 BTC
Support level to watch out for: 0.065 BTC
Disclaimer: Opinions expressed are not investment advice. Do your research.
✳️ Ethereum vs Bitcoin & Elliot Wave Theory | #OKXIdeasHere we have a chart for ETHBTC with a perfect Elliot Wave sequence... Let's dive into it!
- First, we have a 5-Up Wave pattern, it starts 11-Apr. and peaks 18-Apr.
- Second, we have a perfect Zig-zag or ABC correction.
(Notice that this correction ends right at the 0.618 Fib. retracement level with a Doji, EW is big on Fib. proportions. This is also supported by increasing volume and a bottomed out RSI).
We have the perfect 5-Up and then the ABC... What follows, is a new impulse based on EW.
This setup is invalidated on a close below the 26-Apr. low.
This is not financial advice.
Thank you for reading and for your continued support.
Namaste.
Ethereum Hasn't Reached 1.5x Target of its HSiThe eth/btc pair confirmed an inverted HS a while back, and hasn't yet reached its TP2 (or a 1.5x measured move from the neckline).
It hit TP 1 and has since consolidated between TP 1 and the 0.5x halfway mark. It may get a chance to test that area again, potentially even falling into the Accumulation Zone shown on the chart, which might be a good spot to increase position. It also may not.
Look for an eventual move to TP 2.
Alternatively, I think there's a chance it could fall as low as ~0.025, making a move symmetrical to the one on the far left of the chart before finally firing back up towards 0.1 and higher.
See links to related ideas below, including the alternate move back down near 0.025.
ETHBTC may be putting in a major fakeoutAs usual, what follows isn't financial advice but a mere observation.
This idea is to be considered as a follow-up of the one that can be found linked below.
As explained in my last study, we're witnessing extremely low levels of volatility on the weekly timeframe for ETHBTC.
While price action wasn't exactly confidence-inducing until a couple days ago, tides might be beginning to change.
We can observe how since july 2020, the 21EMA (yellow) and the 55EMA (green) have never had the chance to bearishly cross.
This brings me to a very simple point, if we can see a weekly ETHBTC close above both EMAs, essentially producing a fakeout, the idea that the expansion phase coming from this extremely low volatility environment will be to the upside will begin to appear more probable.
The horizontal ray that's marking the march 2023 high (0.073544) is the obvious line in the sand for me, a weekly close above that level will make me consider that ETHBTC is putting in a major - possibly even macro - low.
Keep in mind that as long as the price keeps being held down by both the 21EMA and the 55EMA this is just a possible scenario waiting to unfold, but still unconfirmed.
Furthermore, a weekly close below this current week low (0.062037) will very likely result in a much more severe downside continuation, with targets already discussed in the idea linked below.
Whatever happens, stay safe and wait for confirmation.
Ethereum domain mapThis is my view of the Dominance of Ethereum and the largest dominance of alternative currencies.. We are heading in the medium term to the strong resistance area specified above, and then the decline will be absorbed to make a larger rise and test the historical top, but we will talk about it when the time comes
ETH could go lowerHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the ETH symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ETH - More downside coming if this breaks: Here's a quick look at the 8 hr. ETH chart.
Upon closer analysis, it is evident that the price was unable to breach the resistance zone and experienced a sharp decline of 10% in value. This suggests that the market lacks sufficient momentum to sustain its upward trajectory, particularly in the short term. Should the price fall below the HKEX:1900 threshold, a drop to $1700 is highly probable, and should it breach $1700, a further decline to HKEX:1500 is likely.
As a result, it is advisable to closely monitor the HKEX:1900 level, as a break below it may result in substantial downward pressure. Moreover, as BTC's performance can impact that of ETH, it is prudent to observe BTC's movements before making any decisions concerning ETH.
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BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
Ethereum and Head and Shoulders Pattern❗️❗️❗️(Short term)Ethereum managed to form a Head and Shoulders Pattern between two support and resistance zones, so that the Head part is in the 🔴resistance zone($ 2158-$ 2123)🔴.
I expect Ethereum to at least fall to the bottom of the 🟢support zone($ 2041.40- $ 2017.68 )🟢 with the Head and Shoulders pattern.
If you want to know my Ethereum roadmap, I suggest you see the following post.👇
Ethereum Analyze ( OKX:ETHUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
ETH beginning to show potentialCurrently we are seing BTC dominance fall to a neutral trend territory:
What does this mean for alts?
When the market goes up and BTC dominance begins to weaken, that is often a sign that alts will begin to outperform for a period.
We could see alt dominance bounce up to 11% before we see a recession and everything goes down again (maybe)
Outlook on ETH
I see ETH hitting the target (2492) if we don't see a major weakness in the market caused by external factors
ROSE becoming more efficientAs of right now the Trend Probability Indicator is still bullish:
this means that we are still on the lookout for continuations in the trend.
We see a lot of altcoins pumping a lot, a good idea is too understand what levels the coins might retrace to, if you were to miss a pump.
Currently we see that the dominance of alts still have room to grow, so if the trend is still to the upside the next weeks, there is still a lot of potential:
The image above shows the dominance of alts, when it is green, that means that alts are outperforming blue-chip coins like BTC and ETH, when it is red we see that alts underperform
My thoughts on ROSE
As of right now we have just been rejected off a bearish OB, this doesn't mean we go much lower, but I expect a retracement to fill out the imbalance left at 0.07071 (right below the golden zone of the fib)
Then I see us projecting higher to 0.08211 and to 0.08583
I expect ROSE to do well also because it is currently outperforming BTC and ETH!
All the best
- Omar
etherum time zone The live Ethereum price today is HKEX:2 102,32 USD with a 24-hour trading volume of HKEX:10 668 026 808 USD. We update our ETH to USD price in real-time. Ethereum is down ,14% in the last 24 hours. The current CoinMarketCap ranking is #2, with a live market cap of HKEX:252 509 096 548 USD. It has a circulating supply of 120 109 686 ETH coins and the max. supply is not available.
If you would like to know where to buy Ethereum at the current rate, the top cryptocurrency exchanges for trading in Ethereum stock are currently Binance, OKX, Deepcoin, Bybit, and CoinW. You can find others listed on our crypto exchanges page.