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Ether

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.
BITSTAMP:ETHUSDLong
by kyer
Ethereum minimum growth of ➕10%!!!🚀Ethereum seems to have created a 🐻bear trap🐻 (but the 100-SMA held Ethereum well). According to Elliott Wave theory, Ethereum is completing a c orrective structure . Ethereum correction structure can be Expanding Flat(ABC/3-3-5) or even Double Three Correction(WXY) . I expect Ethereum to go up to 🟡 PRZs(Price Reversal Zones) 🟡 after breaking the downtrend line . 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. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
33
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
Short
by BuySellMarketMaker
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
Short
by BuySellMarketMaker
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.
by Andewyl
ETH ETHER EW COUNTETH held stronger vs BTC at the lows. While BTC made lower low, ETH remained above with a higher low. However since those lows, BTC dominance has flexed its muscle and ETH had lost some of its strength until recentl with the upgrades/mergers, ETH surged and bounce right back up. Tough to say whether another leg up is due, I am favoring at least a retest of the current high and possible a push up towards 2400-2800 & 2800-3200 area. At the highs is not where I want to be bullish considering economic conditions & where global markets are currently sitting. So if you bought at the lows, it would be very safe to be taking profits along the way as wave 4 retracement was already completed in the summer of 2022. Upside here can be viewed as limited, as the ending tops normally are. We will have to wait and see how the current pullback plays out and see how markets behave over next few days/weeks. Opportunity to go long may be the favorable trade as I personally do favor another leg higher; a stop loss at previous low is ideal area to consider for managing risk. Will update the wave counts as candles print. For now, nothing major. Current sequenece appears to be impulsive sequence of wave i-v to complete the corrective ABC as a wave ((4)). We shall see how this plays out. As always trade safe. If you would like to leave comments or share, please feel free. If you found this helpful please click like to show support Happy Trading Cheers
BITSTAMP:ETHUSD
by CryptoHolix