Ethereum falls by Expanding Ending Diagonal😉Ethereum was able to complete main wave 5 by Expanding Ending Diagonal.😉
Also, we can see Regular Divergence (RD-) between the end of main waves 3 & 5.
I expect Ethereum will go down at least to the 🟢support zone($ 1945.8-$ 1926.5)🟢 and lower line of expanding ending diagonal.
If you want to know my Ethereum roadmap, I suggest you see the following post.👇
Ethereum Analyze ( OKX:ETHUSD T ), 4-hour 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.
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ETHBTC
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) was back above a key price level to start the weekend, as it once again rose above the 1,800 mark.
ETH/USD hit a peak of 1,816.06 in today’s session, less than 24 hours after declining to a low of 1,747.94.
Bulls have seemingly taken yesterday’s move to a multi-week low as an opportune moment to increase position sizes in ETH.
this was helped by the fact that RSI found a stable point of support, which in the case of ethereum was at the 41.00 zone.
From the floor, price strength is now taking close to a ceiling at 45.00, and should this be broken, ETH will possibly move back above a key point at 1,830
Hit the like button if you like it and share your charts in the comments section.
Thank you
BTC.D H4 : ALT-SEASON is loading ...Hi guys Hope you well.
The things you can see in the four-hour time frame, you can see the change of structure market . Also, in the daily time, we are at the ceiling of the long-term trading range. Let's see the altcoin market.I expect that altseason is so near. Please see the previous analysis for a better understanding in the previous channel
SecondChanceCrypto
11/May/23
(DYOR)
Always do your research .
If you have any questions, you can write them in the comments below, and I will answer them.
And please dont forget to support this idea with your likes and comments
Ethereum - Weekly bearish flag will send ETH to 618 USDT (gg)
Ethereum shows a lot of weakness on the major timeframes. You can see that the downtrend was pretty steep, and now we are in a consolidation phase. If we take a closer look at it, this is not even an uptrend; it's more like a sideways bearish flag consolidation.
A trendline from 2015 on the ETHBTC chart is breaking down, which is a significant bearish technical event. Make sure you check out the trendline in the related section down below!
Now the question is, "What will be the bottom on ETH?" We use the Fibonacci extension tool from the start of the bear market to wave A and wave B, which will give us a 0.382 FIB projection. This is a reasonable target for the final dump (618 USDT).
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
You can see my Elliott Wave count on the chart. I don't know what's yours, but you can take some inspiration. A lot of people are very bullish at this moment, but the chart does not look bullish. The previous downtrend from 2021 - 2022 was extremely steep and impulsive, which you do not want to see as a bull. We need to finish the major ABC correction to start the true bull market.
ETH is going sideways. It has been almost 1 year of sideways price action. I don't see anything bullish, and it's better to sell all your ETH if you haven't already and short ETH to make money.
Thank you, and for more ideas, hit "Like" and "Follow"!
ETH/BTC - Ethereum: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the CRYPTOCAP:ETH / CRYPTOCAP:BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 0.066486 | 0.068992 | 0.072769, and the major support zones can be found at 0.062709 | 0.061438 | 0.057661. Consider entering a trade at the current price zone of 0.06616 and targeting higher levels.
◰◲ General info :
▣ Name: Ethereum
▣ Rank: 2
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Ethereum is a distributed blockchain computing platform for smart contracts and decentralized applications. Its native token is ether (ETH), which primarily serves as a means of payment for transaction fees and as collateral for borrowing specific ERC-20 tokens within the decentralized finance (DeFi) sector.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.06616 ₿
▣ 24HVol: 4,456.371 ₿
▣ 24H Chng: 0.994%
▣ 7-Days Chng: 2.69%
▣ 1-Month Chng: 3.04%
▣ 3-Months Chng: 19.03%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.066486 | 0.068992 | 0.072769
◢ Support: 0.062709 | 0.061438 | 0.057661
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 0.07
▣ Last 90D: 1.20
▣ Last 1-Y: -0.05
▣ Last 3-Y: 1.26
◲◰ Volatility :
▣ Last 30D: 0.55
▣ Last 90D: 0.56
▣ Last 1-Y: 0.82
▣ Last 3-Y: 0.90
◳◰ Market Sentiment Index :
▣ News sentiment score is 0.69 - Bullish
▣ Twitter sentiment score is 0.53 - Bullish
▣ Reddit sentiment score is 0.54 - Bullish
▣ In-depth ETHBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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ETH: The drop is on the horizon! 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, the market will likely 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.
It also appears the price is forming a head & shoulder pattern, indicating a weakening trend! If the price breaks below the neckline, the return to 15k will begin! It is, therefore, advisable to keep an eye on the neckline in case it breaks to the downside!
In conclusion, it is anticipated that the price will continue to exhibit a downward trend, with a likelihood of revisiting the 15k level.
Ethereum to $62.30 - Time to scare the Ethereum kids!
When a macro super symmetrical triangle trend occurs on the log scale, any people holding this Ethereum hopes the trend moves up and not down, a move down will mean the end of Ethereum.
Really failing to rise above near the upper line too.
reducing the supply should do it right?, right? :)
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
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.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
** 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.
-------------------------------------
(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.
-----------------------------------------------
(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.
-------------------------------------------------- -------------------------------------------
** 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.
---------------------------------
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