Ethereum still bullishEthereum trajectory is bullish within an ascending channel, consistently forming higher highs and higher lows. The 0.5 Fibonacci level has proven to be a robust support zone, with price action rebounding from this area multiple times, indicative of strong buyer interest. Market Cipher B's green dots below the momentum line hint at sustained bullish momentum. As Ethereum approaches the channel's upper boundary near point (E), potential resistance looms between $3080 and $3120. Should the price get rejected at this upper boundary, the 0.5 Fibonacci level around $2988 is likely to be retested. A definitive break above the channel could pave the way to test further resistance levels, while any pullback should be closely monitored for volume confirmation to maintain the bullish outlook.
Ether
Ethereum Ready to Fall [-15%]🏃♂️ Ethereum has been moving in an Ascending Channel for over a year .
🏃♂️At the moment, Ethereum is moving near the 🔴 Heavy Resistance zone($3,580_$2,960) 🔴 and the upper line of the ascending channel , which we can see the reaction to this zone well in the daily candle .
💡Also, between two consecutive peaks, the Regular Divergence(RD-) between Volume and Price is clearly visible.
💡Since the Market Cap USDT Dominance% (USDT.D%) is moving in the 🟢 Heavy Support zone(5.35%-4.90%) 🟢 and has shown a good reaction to the Support lines and there is a Regular Divergence(RD-) between two successive valleys , it is expected that the USDT.D% will increase at least up to the Resistance line , which can help to correction on most of the tokens .
🔔I expect Ethereum to decrease at least to the Uptrend line and if this line breaks, it can also fall to the 🟢 Heavy Support zone($2,160_$1,720) 🟢, otherwise it will attack the 🔴 Heavy Resistance zone($3,580_$2,960) 🔴 again.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Ethereum Analyze ( ETHUSDT), Daily 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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Ether's Ascending Support Line at Critical PointJust like in BTC and everywhere else in the crypto markets, the trading volumes on ETH are also very low.
However, the main difference from BTC is that Ether's supply is now deflationary. Since the merge of the new consensus mechanism; Ether's circulating supply has been going down. (The first year in deflation).
And alongside this data, on-chain metrics show that ETH's total addresses with balance are at all time high levels >97.5m; total staked ETH are above 26m and that is a 20% increase over the last 90 days; with 127k depositors (stakers) over 17.7% increase in the 90 days.
The chart also looks promising with an ascending support line, however, it is at a very critical zone now. If it breaks down from here; we may see test of the previous resistance trend which I highlighted with dotted red line. Right now, we are testing the
But, due to the bullish fundamentals and on-chain metrics of ETH, I am expecting a bounce from here. Also, please keep in mind, I am a bit biased as I am a believer in Ether becoming the smart ledger of the world's assets.
Please do your own research,
Good luck!
ETH - Weekly second bullish legRecently, ETH has successfully consolidated above the critical resistance zone, which is now expected to serve as a robust support level for future price movements. This transition from resistance to support is a bullish indicator for market observers.
The technical structure shows a clear 'First leg' that has already paved the way for positive momentum. Following this, our analysis anticipates a 'Second leg' where the rally could potentially propel prices towards the $3700 mark. This price target is not just a number—it's a reflection of growing confidence among investors and a testament to the underlying strength of Ethereum in the crypto landscape.
Keep a close eye on this support zone, as it will likely be a key area of interest for both bulls and bears. A sustained position above this level could very well be the launchpad ETH needs to reach new heights. As always, stay tuned for more updates and insights as we track Ethereum's journey to $3700.
ETHUSDT Next Target $7,500!ETHUSDT Technical analysis update
The ETH price broke through an ascending triangle pattern on the weekly chart, potentially indicating a bullish move. Price possible to touch the $7,500 level before the end of 2024.
We recommend entering the trade using the spot market.
Buy Level: Below $2750
Stop Loss: $2,150
Regards
Hexa
ETH When will the Ethereum selloff end??I've previously mentioned in an ETH trading idea that the Bitcoin ETF approval would be a 'buy the rumor, sell the news' event for Ethereum as well:
Now we observe a continuation pattern with bearish Elliot Wave price targets.
Elliott Wave Theory is a technical analysis approach that attempts to identify and predict market trends by recognizing recurring wave patterns in financial markets. Developed by Ralph Nelson Elliott in the 1930s, the theory is based on the idea that market movements follow a series of repeating patterns and cycles.
Elliott Wave theory often incorporates Fibonacci retracement and extension levels to identify potential reversal or continuation points within the wave patterns.
In this case Elliott Wave`s price target for ETH is about $2330.
ETH Ethereum Potential Rally soon!I told you about the 'buy the rumor, sell the news' strategy on Ethereum after the Bitcoin ETF approval in the last article
We approached the price target of $2330 last Friday, and I believe that was the last dip for now!
With the stock market at an all-time high, I anticipate crypto assets to follow suit.
Elon Musk is likely to implement Bitcoin, Ethereum and Dogecoin to his new platform, X Payments.
So, yes, exciting times ahead!
According to Elliott waves, the price target for ETH should be $2600.
ETHBTC is about to make a historical moveAnything that follows is not to be taken as financial advice.
This is the Binance weekly chart for ETHBTC, with a single indicator loaded on: the Bollinger Bands Width Percentile.
The BBWP is a volatility indicator that measures whether or not we should be looking for the price action of the examined asset to contract or expand in relation to its own past volatility, calculated by the BBW.
Simply put, it tells us if we should be expecting the asset to be in a mostly sideways price action, or if it's appropriate to look for expansion.
Make no mistake, volatility is a direction-neutral indicator, meaning it's inherently neither bullish nor bearish.
We can see some flashing red and blue bars in the background, they're there to warn us about an extremely high (red) volatility environment, or an extremely low (blue) one.
Generally, when the asset is in an extremely high volatility environment, it's wise to expect it to cool off, therefore looking for price action to generally reduce its turbulent behavior.
This implies the exact opposite for when the volatility is extremely low.
With default settings, which I'm running, extremely high volatility is considered to be between 98% and 100%, while extremely low volatility is found between 0% and 2%.
Let's focus on the blue bars for this analysis.
Only once in the history of this chart, two weeks straight of extremely low volatility can be observed.
From there, the expansion led to an initial move up, and then ultimately a move down of -26.95% from the open of next week to the lowest point of the move.
Right now, ETHBTC is waiting for a massive expansion after twelve weeks straight of extremely low volatility.
If it was to expand to the downside from this point, a move of roughly the same impact would see this asset retest the june 2022 low.
However, spending more time contracting, usually means having a more explosive move when the time comes.
In the case of a downside move, I don't think it would be too crazy to look for a retest of Q1 2021 highs, anywhere around the 0.045 level.
That would make for about a -33% move from here, but I'd say there's fair concern for said move ending up being more destructive than that.
This could happen along with BTCUSD breaking into a new bull market while ETHUSD fails to catch up just like it did in the past, although that's just speculation on my part.
Remember, volatility is direction-neutral, while price action might look bearish right now, there is no way to tell where a future sustained volatility expansion might lead this asset to.
Personally speaking, I believe that if it were to expand to the upside, a retest of the ATH would definetely be within reach, seeing as ETHBTC has been consolidating for about 22 months.
It would certainly result in a massive move, more than a 2x from here, since the ATH is around 0.15 and the asset is now trading at around 0.067, but we've seen crazier things in crypto.
Whenever the expansion happens, and wherever it brings ETHBTC to, good luck and stay safe.
ETH/USDT Back to 1800 ?It's time to decide if you're following the 'Buy the Rumor ETH ETF narrative", or you're going to Short the TOP of the CHANNEL.
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We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
[eth] 12-29-23good eve'
we've come a really long way since the og prediction (view bottom of thread for the og posts).
we had our eyes on this move long before people even expected a local top, which btw smacked a lot of people.
b\x waves come in all shapes and sizes; sometimes they're shallow, other times flat, and occasionally very steep - but... one thing we know about b\x waves, with a very high level of certainty, is that they are "suckers rallies". it was ralph nelson elliott himself who coined the term "suckers rally" initially, which is what we call the b-wave \ "complacency phase" today.
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i won't sit here and tell you that i know precisely where this b wave will end, because quite frankly this time around i do not know, and i'm not afraid to admit that. what i will say though - is when retail begins to get confident during a staged complacency phase, that is the time to be sidelined.
🔮
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og predictions:
🚧Ethereum Analysis(Three Falling Peaks Pattern)🚧🎄Merry Christmas!
💫Happy Holidays! I hope all of your Christmas wishes come true.
✅ Ethereum(ETH) managed to form a Three Falling Peaks Pattern near the 🔴 Heavy Resistance zone($2,540_$2,300) 🔴 and 🟡 Price Reversal Zone (PRZ) 🟡.
📚What is the Three Falling Peaks Pattern❗️❓
🔸 The three falling peaks pattern consists of three peaks and two valleys of give or take equal size. The pattern has a downward slope meaning that each peak is lower than the last, and the same applies to the valleys.
🔸The three falling peaks pattern validly forms when, after the last peak, the price falls below the second valley signaling a market reversal and a large price drop.
🔨Also, Ethereum managed to break the Support line and 🟢Support zone($2,270_$2,245) 🟢.
🔔I expect Ethereum to continue its decline towards the next 🟢Support zone($2,167_$2,116) 🟢 after completing the pullback to the 🟢Support zone($2,270_$2,245)🟢 and Support line .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Ethereum Analyze ( ETHUSDT), 1-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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
ETH unlikely to dip below $2,000 ETHUSDT Technical Analysis Update:
There are two potential scenarios for a rebound.
Scenario 1: The previous resistance level at $2,140 could now act as crucial support for ETH, potentially triggering a bounce from this level.
Scenario 2: At the $2,000 level, two historical resistances could act as support for ETH. Additionally, the $2,000 level carries psychological significance as support for ETH.
If Ethereum (ETH) price reaches the $2,000 level, the 100-day Exponential Moving Average (EMA) could act as a potential support in the day chart.
Ethereum price may consolidate above the $2,000 support level for a month before the upward move.
I believe the ETH price is unlikely to fall below $2,000
🗺️Ethereum Roadmap🗺️⏰(15-minute time frame)⏰✅It seems that Ethereum managed to break the Important Resistance line .
⚔️At the moment, Ethereum is attacking the 🔴 Heavy Resistance zone($2,540-$2,300) 🔴.
🌊According to Elliott's wave theory, Ethereum completes a main wave 5 .
🎯Main wave 5 is likely to be completed in my Target .
Ethereum Analyze ( 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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
ETHUSD - Green Signal for Alt SeasonGreeting,
Update on Dec 8, 2024 - Our analysis was 100% accurate about alt season as a lot of the alts have grown significantly over the last 24 hours. Since ETH's move up, it has been consolidating and giving room for other alts to grow.
Idea Published On Dec 7, 2024 - While the whole crypto market has been led by BTC so far, ETH seems to be indicating that Alt Season is approaching if not here already.
BTC created the bullish wedge pattern which a lot of the major alt coins replicated along with ETH as show on the chart. As BTC broke above that pattern, so did the alts. BTC has been consolidating currently and that has historically been the period when alt coins start to grow.
ETH's move up indicates that very notion that the funds are now flowing in alts as BTC takes a breather before the next jump. This is a healthy sign since alt coins are usually where we find opportunity of multiple X growths. Our Gems Series is presenting all those opportunities to our followers. Let's hope we all make good returns in this bull cycle.
Yesterday we published this and another idea where we had shared link for of some other platforms where we are present which was against TradingView's house rules therefore both the ideas got banned. Please make sure that you do not make the same mistake.
Note: This is not financial advise and shall only be used for educational and/or entertainment purpose. Please do your own research before investing. Crypto Markets are highly volatile and you are responsible for the risk of losing your entire investment.
Celebrating Ether's Breakthrough! Let's Ride the Bullish WaveEther (ETH) has just broken through its prior resistance levels and is now eyeing its next target of $3000! 🚀🎉
The recent surge in Ether's price has been nothing short of remarkable. With each passing day, it becomes increasingly evident that the Ethereum network and its native token, Ether, are gaining tremendous momentum and support from institutional and retail investors alike. As traders, this is an opportunity we cannot afford to miss!
So, why should you consider long positions on Ether? Allow me to present you with some compelling reasons:
1. **Technical Breakthrough**: Ether's successful breach of prior resistance levels indicates a significant shift in market sentiment. With an ever-growing ecosystem of innovative projects and smart contracts, Ethereum's potential for further growth and adoption is immense. By longing Ether, you're positioning yourself at the forefront of this exciting revolution.
3. **Institutional Support**: Major institutions are increasingly recognizing the value and potential of Ether. With companies like Tesla, Square, and PayPal embracing cryptocurrencies, we can expect more institutional investors to follow suit. By entering long positions now, you'll be aligning yourself with the big players in the market.
Now, it's time for action! Seize this opportunity and join me in long positions on Ether. Let's maximize this bullish trend and ride it to new heights together. Here's what you can do to get started:
1. **Evaluate Your Strategy**: Take a moment to review your trading strategy and consider incorporating long positions on Ether. Assess your risk tolerance and set appropriate stop-loss levels to protect your capital.
2. **Choose a Reliable Exchange**: Ensure you're using a reputable and secure cryptocurrency exchange that supports Ether trading. Look for platforms with robust trading features, competitive fees, and reliable customer support.
3. **Stay Informed**: Keep a close eye on market trends, news, and technical analysis to make informed trading decisions. Stay connected with reliable sources and engage with fellow traders to gain valuable insights.
Remember, trading involves risks, and you must conduct your due diligence before making any investment decisions. However, with Ether's current momentum and potential, now might be the perfect time to jump on board and ride the wave of success.
Let's celebrate Ether's breakthrough together and make profitable trades! If you have any questions or need further assistance, feel free to reach out via commenting below. I'm here to support you on this exciting journey.
Analyzing ETH's Future: A Cautious Approach to Long Positions
While some voices in the market are calling for ETH to reach all-time highs, it is crucial to approach these predictions with a cautious mindset. As traders, we understand the importance of thoroughly analyzing various factors before making any investment decisions. Let's take a moment to consider the current situation and its potential implications.
ETH has undoubtedly been on an impressive upward trend, showcasing remarkable resilience and growth. However, as we approach new price levels, it becomes increasingly important to exercise caution. History has taught us that markets are rarely linear, and corrections are an inherent part of any asset's journey toward new heights.
In light of this, I encourage you to consider adopting a cautious long-term strategy when it comes to ETH. While it is true that the overall sentiment is positive, it is equally important to remain aware of potential bearish signals that may emerge. By taking a measured approach, we can mitigate risks and make well-informed decisions.
To assist you in your trading journey, I recommend keeping a close eye on key indicators such as trading volume, market sentiment, and price action. These factors can provide valuable insights into the market's sentiment and potential shifts in trends. Additionally, it is crucial to stay informed about any upcoming events or news that may impact ETH's performance.
As we navigate this dynamic market, it is essential to remember that successful trading requires discipline, patience, and a constant reassessment of our strategies. By approaching ETH with caution, we can better position ourselves to capitalize on potential opportunities while managing risks effectively.
In conclusion, while some predict ETH's ascent to new all-time highs, I urge you to adopt a cautious approach. Stay vigilant, analyze the market objectively, and be prepared for potential corrections along the way. By doing so, we can make informed decisions and navigate this exciting market with confidence.