Ethereum Road Map🗺️!!!(4-hour time frame⏰)Hi everyone👋 (Reading time less than 3 minutes⏰) .
Today I want to show you the 🗺️roadmap🗺️ for Ethereum for the next 7 days in the 4-hour time frame using the Elliott wave theory.
Ethereum has started to form corrective waves after the completion of five impulsive waves; one of the signs of the beginning of corrective waves is the formation of the Head and Shoulders pattern .
Since the main wave A has 5 microwaves, I expect a corrective structure ahead of Ethereum Zigzag(ABC/5-3-5) .
Ethereum has managed to complete the main wave B in the 🟡 Price Reversal Zone(PRZ)-($1,918-$1899)🟡 (One of the signs of the completion of the main wave B is the breaking of the support line).
🌐 News 🌐: Vitalik Buterin Linked Wallet Invested 2013 Ethereum in OKX! Is it a Bearish Signal❗️❓
An address associated with Lookonchain Ethereum founder Vitalik Buterin said it has invested 2,013 ETH (worth $3.76 million) in OKX.
I expect the main wave C to finish near the support line and inside the 🟢 support zone($1,780-$1,750) 🟢.
📚 Educational Tip 📚: One of the signs of confirming the wave count is that wave A basically goes down to the end of wave 4 .
If we look at the ETHBTC chart, we will realize that if the cryptocurrency market falls, Ethereum will be more affected by this fall than Bitcoin.
For more information, I recommend you to read the following post.👇
Ethereum Analyze ( ETHUSDT ), 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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Ether
Negative Money Flow Index for ETH - Explore AlternativesI write to you with caution regarding Ethereum (ETH) and its current negative dropping Money Flow Index (MFI).
As many of you know, the MFI is a popular technical indicator used to measure the strength and direction of money flowing in and out of an asset. It provides insights into market sentiment and can help identify potential buying or selling opportunities. Unfortunately, the recent MFI trend for ETH has raised concerns and warrants our attention.
Over the past few weeks, ETH's MFI has shown a consistent negative drop, indicating a significant outflow of money from the asset. While market fluctuations are common in cryptocurrencies, it is crucial to acknowledge this downward trend and consider its implications for your investment strategy.
Therefore, I urge you to step back and reevaluate your portfolio allocation, especially regarding ETH. While Ethereum has undoubtedly been a pioneer in the blockchain space and has witnessed remarkable growth, it is essential to remember that diversification is the key to long-term success in any investment venture.
Given ETH's negative dropping of MFI, I strongly encourage you to explore alternative asset classes within the cryptocurrency market. By diversifying your holdings, you can mitigate risks associated with a single asset's performance and potentially capitalize on emerging opportunities elsewhere.
Consider allocating a portion of your portfolio to other promising cryptocurrencies demonstrating positive signs and growth potential. Conduct thorough research and analysis, considering factors such as market demand, technological innovation, and the team behind each project. This approach will help you make informed decisions and reduce the impact of any adverse trends affecting a particular asset.
Remember, the cryptocurrency market is highly dynamic and ever-evolving. As traders, we are responsible for adapting and staying ahead of the curve. By considering alternatives to ETH and diversifying your investments, you can better position yourself to navigate the market's ups and downs while potentially maximizing your returns.
AT CryptoScan: ETHUSD rally off a baseIt has been a while and previously posted about ETHUSD to take a tumble... yes, it did albeit it took a longer time to get to the downside target. Since then, there has been some consolidation and minor breakouts. The custom MACD and VolDiv indicators in the weekly charts have also had significant crossovers which collectively are signaling the bottoming out of ETHUSD.
Seen in the weekly chart, a consolidation triangle breakout in mid-January 2023 gave the first signal, just below 1600. The second signal came from the range breakout in March 2023, just below 1800. Recently, a retest of the range happened in June 2023 and this retest was followed by a solid break up that brought ETHUSD to 1900.
Given the previous trigger points and admittedly, some skepticism on the validity of ETHUSD comeback, it appears that the tests have been positive and there is a possible real longer term sustainable breakout incoming.
Positioning at the last bounce off, am expecting the technical indicators to turn over up over the next month, and a break above 2000 to Fibonacci upside target at 2400. Candlestick pattern shows the first indication of a solid rally with momentum and needs to continue.
Noted this is the weekly chart for ETHUSD... so ranges are larger, and takes time to bake the cake. 2000 is a critical resistance which will be tested over the next weeks, and watching the outcome would be a really good thing at this point.
Heads up!
ETH Price Soaring with Bullish Flag - Time to ConsiderToday, I bring you exciting news: Ethereum (ETH) has shown a remarkable surge, accompanied by a bullish flag pattern that signals a potential upward trend. This is the perfect opportunity to consider adding ETH positions to your portfolio!
Over the past few weeks, ETH has been on an impressive upward trajectory, outperforming numerous other cryptocurrencies. However, what truly sets it apart is the recent formation of a bullish flag pattern. For those unfamiliar, a bullish flag is a technical analysis pattern that indicates a brief consolidation period before a potential continuation of the previous upward trend. This pattern often precedes a significant price surge, making it an exciting time for traders like us.
The recent surge in ETH price, coupled with the bullish flag pattern, suggests that we may be on the cusp of witnessing a substantial rally. As traders, we thrive on identifying such opportunities and capitalizing on them. Therefore, I encourage you to consider adding ETH positions to your trading strategy, taking advantage of this potentially lucrative period.
Here are a few reasons why ETH presents a compelling investment opportunity:
1. Ethereum 2.0 Upgrade: The much-anticipated Ethereum 2.0 upgrade is set to revolutionize the network, enhancing scalability, security, and efficiency. This upgrade has been a long time coming and is expected to attract increased adoption and investment in the Ethereum ecosystem.
2. DeFi Boom: The explosive growth of decentralized finance (DeFi) has driven ETH's recent surge. As the backbone of the DeFi ecosystem, Ethereum has become the go-to platform for innovative financial applications, attracting significant investor interest.
3. Institutional Adoption: The interest and involvement of institutional investors in the crypto space have been steadily increasing. With prominent institutions recognizing the potential of cryptocurrencies, including ETH, we can expect a surge in demand and subsequent price appreciation.
Now is the time to seize the moment and consider adding ETH positions to your trading portfolio. However, as with any investment, conducting thorough research, analyzing market trends, and managing risk is crucial. Stay informed, closely monitor market indicators, and make informed decisions to maximize your potential gains.
Remember, opportunities like these only come knocking sometimes. By staying ahead of the curve and embracing the bullish flag pattern, we position ourselves for potential profits in the ever-evolving world of cryptocurrencies.
So, what are you waiting for? Take action now and consider adding ETH positions to your trading strategy. Take advantage of this exciting opportunity to ride the wave of Ethereum's upward momentum!
Ethereum ETH potential rally with the Stock MarketCryptocurrencies were left behind by the recent Stock Market rally.
With the arrival of new BTC Bitcoin ETFs, I expect the Crypto Market to follow!
ETH/USDT prediction
Entry Range: $1800 - 1900
Take Profit 1: $1950
Take Profit 2: $2010
Take Profit 3: $2100
Stop Loss: $1730
ETH/BTC Analyze (Road Map, 06/23/2023)!!!🗺️First, let's see what the ETH/BTC chart is advantage :
It shows us whether to invest in Bitcoin or Ethereum, of course, according to the market cap of cryptocurrencies.
Considering that more than 80% of the tokens are in the Ethereum blockchain . When ETH/BTC is bullish, Bitcoin dominance is bearish, and the total market cap is bullish, we can expect the start of the Altseason .
ETH/BTC is in the form of a zigzag(ABC/5-3-5) corrective structure so that the main wave C is forming an Expanding Ending Diagonal .
I expect microwave 5 of main wave C to finish in the 🟡 Price reversal zone 🟡 and 🟢 heavy support zone 🟢.
Ethereum/Bitcoin Analyze ( ETHBTC ), 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.
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Ethereum ETH price slow as turtle, but stable at a long distanceToday, let's take a look at the prospects for ETHUSDT price movements in the medium term.
On the one hand, over the past week, the ETH price has grown +13%, which is worse than the BTC price +17%.
By the way, here we described our thoughts on the possible movement of the BTCUSDT price
On the other hand, buyers of ETHUSDT we can understand how difficult it is for them now, because the ETH price is now "stuck" in a powerful mirror zone. In 2021-2022, the $1750-2000 zone acted as a reliable support, and over the past calendar year, it has been acting as resistance and not letting it go up.
However, looking at this, as the Ethereum team and holders with investors are actively working to greatly reduce the supply of ETH on the market, we believe that the coin has a bright future.
It is also worth realizing that the current ETH is not the Ether of 2016-2017 or 2020-2021, when its price was multiplying every week. Now, Ethereum's capitalization share is 19-20% of the total crypto market capitalization, and now it is a very difficult task to move the price up by hundreds of %, as it was before, and requires exorbitant investments.
So now Ethereum has moved into the category of a "reliable, low-volatility investment", of course, by the standards of the crypto market.
Now, the main task of ETH buyers is to keep the price above $1750-1806. We consider this price range to be a reasonable one for a medium-term investment in Ethereum.
And the first target where you can sell at least part of your ETH savings is around $2870, which is +60%.
PS:
After the ETHUSDT price manages to gain a foothold above $2000, growth will become more dynamic.
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Geometry 101 / ETHEREUM If you like geometry, you'r gonna love this chart !
ETH/USD 2016-2023
No indication, no long descriptions, no complex lines, just basic similarity.
The structure we saw between 2016 and 2020 stands before us again.
There is only one difference, a little smaller this time.
Although the time is a little shorter, the structure is the same.
Key levels are 1360-1400$ (support)
>If intensive technical analysis is challenging for you, you can start here :))
Don't worry about how it happens, it's customary in technical analysis. And in my opinion it is also important. See yaa :)
Ethereum Analyze [Road map!!!🗺️(06/19/2023)]Hi everyone👋( Reading time less than 2 minutes⏰ ).
Ethereum is moving as I expected in the previous roadmap.✅👇
At the moment, Ethereum has been moving in a descending channel for about 2 months ⏰.
The structure of the waves in the descending channel is Double Three Correction(WXY) .
Ethereum is currently moving in wave Y , and I expect this wave to end at the bottom of the descending channel at around $1500 .
I expect Ethereum to reach its minimum to the upper line of the descending channel after confirming the end of wave Y. However, the downward trend can continue up to the 🟢 support zone($ 1,440-$ 1,350) 🟢.
❗️ Note ❗️: Ethereum needs to break the 200-SMA downwards to confirm the wave count and especially the continuation of the downward trend of Ethereum.
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 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.
Ethereum Analyze [Road map!!!🗺️(04/10/2023)]Ethereum is moving in the 🔴heavy resistance zone🔴; if we look at Ethereum in terms of Elliott wave theory in the Daily time frame, we will find that Ethereum is completing 5 impulsive waves so that the fifth main wave follows the Expanding Ending Diagonal structure.
There are two signs to confirm the wave count:
1 - There is a Regular Divergence(RD-) between the main wave 3 and the main wave 5.
2 - The expanding triangle is mostly seen in wave 4.
I expect Ethereum to finish microwave 5 of the main wave 5 after reaching the 🟡Price Reversal Zone (PRZ)🟡.
Expanding Ending Diagonal structure in the 4-hour time frame (better view):👇
❗️ Note ❗️: If ETH goes over $ 2,120 , the scenario will change.
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 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.
Ethereum will fall like other coins ?!👋🏻 Hello everyone, today we would like to look at the Ethereum chart and possible scenarios.
Now the price is in the support zone, but we have several bearish signals:
1️⃣ Local lowering of highs and lows
2️⃣ The weakness of the entire market and the renewal of all time low on many top altcoins
3️⃣Increase in volumes on the fall
4️⃣Fixing below 50 and 100 daily MA
❗️But on the older time frame, we see a bullish structure and we can now consider this movement as a correction after the 57% rise (from $1370 to $2150).
Expecting that the correction will continue, we can predict the potential zones of the end of the correction as long as there are 2 of them:
🔹$1550 - $1630 (200 Daily MA ; Crossover of 50 and 100 Weakly MA)
🔹$1367 - $1440 (the zone of the beginning of the impulse and the trend line)
❌ Cancellation of the downward scenario will be a quick buyout of Ethereum in the coming days and a fixation above $1860 .Until this moment we would not advise considering longs.
But it is worth noting that the ethereum looks stronger than other alts and if signs of strength appear, we would buy it first in the portfolio.
❓What are your thoughts on Ethereum?
Will ETH push to $1800 with the current level of RSI?I wanted to share some Ethereum (ETH) trading updates with you. While ETH moved slightly higher, it is still trading below $1,800. In today's session, the price of ETH/USD reached a high of $1,757.89, an improvement from yesterday's low of $1,723.09. The recent surge in price was due to bullish activity at a floor of $1,730, with the RSI bouncing from a floor of its own at 38.00.
Per the daily chart, the current price strength is tracking at 39.33, with the next visible point of resistance being 43.00. If the index moves beyond this ceiling, there is a strong possibility that ETH will climb to $1,800.
I hope this information is helpful to you. If you have any questions or concerns, please do not hesitate to comment in this idea.
ETH volatility could start to spike but RSI is lowI am bringing to your attention the current state of Ethereum's price trend. As of now, Ethereum has been experiencing a notable downward trend in price when observed on a daily timeframe chart. It is currently trading at approximately $1,740, which reflects a decline of over 5%.
It’s becoming increasingly evident that Ethereum is experiencing a bearish trend in the market, as indicated by its RSI dropping below 40. To add fuel to the fire, the current volatility level of Ethereum is at a measly 0.01%. If you're a Bitcoin trader, it's time to pay attention and make informed decisions accordingly. Check out Furthermore for more insights.
Additionally, the Bollinger Band analysis indicates that ETH is currently experiencing a certain level of volatility. However, the band's elasticity suggests that the current volatility is relatively minimal.
I hope this information is helpful to you. Please let me know if you have any questions or concerns in the comments.
ETH Head & Shoulders!KUCOIN:ETHUSDT
ETH has had an impressive run to 2140.
Pullback sits currently at 1874 and in a Head & Shoulders.
Break of Neckline will possibly provide short ideas with target ideas to 1690, 1520, 1370 zones.
If the Neckline does not break and volume sets in go long - for targets see my 18-Apr ETHUSDT post
with this chart: www.tradingview.com
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
ETH Ethereum Head and Shoulders Bearish Chart PatternIf you haven`t sold Ethereum here:
Then you should know that Ethereum, currently trading at $1841, has formed a head and shoulders pattern, indicating a potential bearish trend. This pattern consists of three peaks, with the middle peak forming the head and the other two forming the shoulders. The neckline, a key support level, must be closely watched as a break below it may trigger a further price decline.
While the target for the head and shoulders pattern suggests a larger drop, attention should also be given to the 200-day moving average support at $1620. This level has historically served as a significant support zone. Traders and investors should monitor Ethereum's price movement closely to gauge whether it reaches this support level.
In summary, the emergence of a head and shoulders pattern in Ethereum signals a bearish sentiment. Traders and investors should exercise caution, closely track the neckline support, and keep an eye on the 200-day moving average as a potential support level.
Looking forward to read your opinion about it.
Ethereum ETH and the US Debt CeilingNegotiators from Democratic and Republican parties finalized an agreement on Sunday night.
Instead of raising the limit to a specific level, they have opted to suspend it entirely until 2025. This strategic move ensures that their bills can be paid until that date, while also guaranteeing that the next battle to raise the ceiling will not coincide with the upcoming presidential election.
The resolution of the debt ceiling issue brings optimism and stability to the financial landscape, which has a positive ripple effect on the cryptocurrency market.
Bitcoin and the broader crypto market stand to benefit from increased investor confidence, reinforced safe-haven status, enhanced institutional adoption, regulatory clarity, and the overall positive impact on global markets.
ETH/USDT
Entry Range: $1800 - 1900
Take Profit 1: $1950
Take Profit 2: $2010
Take Profit 3: $2100
Stop Loss: $1730
ETH/USD 4H Price TargetsLooking at the 4-hour time frame of Ethereum, we see see flat price action for the past month. The price has been floating over this 1645 level that hasnt been retested, but neither has $1284 on that March low.
Just like the banking contagion in May, i’m expecting some upside because the crypto markets really liked the banks failing. There’s the downside potential of ETH retesting 1,645, which would break the current market structure, but if we hold this current level around 1,820, i’m expecting another retest of 1,995, the EQ of this range and a psychological level for Ethereum.
This downwards move I believe was the weekly / monthly low being created, and i’m looking now for upside to 1,995 and 2,120. These two targets would complete and reach the top of the range, then we look for our expansion candle outwards to 2,407.
As always please do your own research, this is not financial advice.