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Ethereum (Cryptocurrency)

Ethereum/USDT: Bullish Breakout with Potential Reversal Zoneshello guys. let's analyze ETH! Trendline Breakout: ETH recently broke above a long-standing downward trendline, indicating a potential shift from bearish to bullish sentiment. Pattern Breakout: The breakout from a consolidation pattern further supports a bullish continuation, suggesting momentum toward higher targets. Reversal Zones: The first potential reversal area is around 2,880 - 2,900, where price may face resistance. The second possible support zone lies near 2,680 - 2,700, providing a backup level if price retraces. Target: The next bullish target is around 3,300, which aligns with previous resistance.
Long
by melikatrader94
15
ETH USDTThe chart shows Ethereum (ETH) forming a symmetrical triangle pattern, characterized by converging lower highs and higher lows, which signals a consolidation phase. This pattern suggests that the price is coiling up for a significant move. Currently, Ethereum is nearing the upper resistance line of the triangle, indicating a potential breakout. If ETH breaks above this resistance, it could lead to a strong bullish rally, with projected price targets in the $3,300–$3,500 range. The chart's projection hints at a steady upward trend after the breakout. For confirmation, an increase in trading volume would typically accompany such a move, solidifying the breakout and driving momentum. Overall, Ethereum is approaching a pivotal moment where a breakout could trigger a major upward trend.
Long
by TheCryptoCity
2
Unstoppable Alt Season Ahead: Is Eth Ready to Outshine BTC ?The ETH/BTC chart suggests that Ethereum (ETH) is potentially on the verge of a major upward movement, particularly if it follows historical patterns. Currently, Ethereum's price against Bitcoin has been in a downtrend since August 2022, trading within a descending channel. This decline aligns with Bitcoin's growing dominance, largely driven by the interest in Bitcoin ETFs. However, Ethereum has a significantly smaller market cap compared to Bitcoin—roughly one-third—which means that each dollar invested in ETH could have a threefold impact on its price compared to Bitcoin. If the same amount of funds currently flowing into Bitcoin ETFs were to enter Ethereum, ETH's price could experience a much larger percentage increase than Bitcoin. A key feature of this chart is the long-standing blue trendline that has existed since 2015, marking significant support levels for ETH/BTC. Each time ETH has reached this trendline, it has been followed by an "Alt Season," a period where altcoins, including Ethereum, have outperformed Bitcoin. This pattern was observed in both the 2016/2017 and 2020/2021 cycles, where touching this trendline signaled the beginning of substantial gains for Ethereum. As ETH approaches this trendline again in 2024, it suggests that another Alt Season could be on the horizon for 2024/2025, setting the stage for ETH to gain strength against BTC. The chart's implication is that ETH could soon reach a cyclical bottom relative to Bitcoin. With the potential for increased institutional inflows into Ethereum, such as through an Ethereum ETF, each dollar invested in ETH could generate a more pronounced impact on its price. This amplification effect, combined with historical price patterns, supports the idea that Ethereum may be primed for a strong performance in the coming cycle. While the general market sentiment around altcoins is currently low, with many investors losing hope, this chart suggests that this may be an ideal time to be optimistic about altcoins. If Ethereum follows its previous cycles, this period could mark the beginning of an altcoin resurgence, making it a potentially opportune time for altcoin investments.
Long
by TheCryptoCity
1
Ethereum entering scarcity mode - Price > $3,000Here's a short analysis of why the ETH price has been jumping. I don't think there's a huge upside on ETH, but I think there's a, say 75% probability of going to the $4,000 level (+28%) and a 60% probability of hitting the previous all-time high of $4,800 with a 56% upside. The price rose to over $3,000, which is a casual +22% gain in just a week. Let me start by saying that each person has different risk profiles and investment goals. I bought ETH a long time ago at under $1,000, which gives me plenty of room to continue holding it. Here are some of the reasons behind the recent price action (other than the US elections) and why it might continue driving the price up: - 42.6% of the ETH supply is locked in contracts, reducing the available supply in the market. - 28.5% of all ETH is now staked (and rising), reducing the available supply in the market. - Michigan Pension joins the game and has invested $11M in Ethereum ETFs, reducing the available supply in the market. - Exchange reserves are at record LOW, which reduces the available supply in the market. - Ethereum ETF inflows over 20k ETH per day, reducing the available supply in the market. - SEED_TVCODER77_ETHBTCDATA:2B fresh USDT inflow: A substantial influx of Tether (USDT) increased buying power and interest in the crypto market. - Pectra upgrade scheduled to Q1 2025 (but there are always delays). This upgrade improves the Ethereum network, and it's considered a big upgrade. Typically, there's positive price action around these upgrades. - Ethereum has a recursive effect where the price goes up --> more on-chain activity --> more demand for ETH --> more gas fees burned. When the supply is low, and the demand is high, typically, the price goes up. Not financial advice.
BITSTAMP:ETHUSDLong
by HenriqueCentieiro
ETH - Renewed strengthI've been neutral to bearish on COINBASE:ETHUSD ever since price broken down from the descending triangle and lost the key $2,800 support level. My line in the sand for getting bullish again has been the reclaiming of that level. Price continued to consolidate underneath $2,800 with that level acting as resistance. Then came the presidential election where we saw price strongly rebound back above $2,800 where it's now managed to hold for the last few days. If the weekly candle manages to hold above this level, that would give us a very solid weekly bullish engulfing candlestick setup. The invalidation level would be $2,350, but we'd really not want to see price spend much time below $2,800 for a strong bullish signal. The next overhead resistance sits at around $3,500. Beyond that and we're look at all time highs.
BITSTAMP:ETHUSDLong
by krugman87
Going Long on ETH: Strong Bullish Signals!Ethereum (ETH) is currently experiencing a bullish trend, supported by several key fundamentals: Global Adoption and Institutional Interest The cryptocurrency market, particularly Ethereum, is seeing increased adoption and institutional interest. Major financial institutions and corporations are exploring blockchain technology and decentralized finance (DeFi) applications, many of which are built on the Ethereum network. Technological Advancements Ethereum's ongoing upgrades and improvements, including the transition to Ethereum 2.0, are enhancing its scalability and efficiency. These developments are attracting more developers and users to the platform, potentially driving up demand for ETH. Market Sentiment Recent market analysis suggests a positive outlook for Ethereum, with some experts predicting significant growth potential. The breaking out of key resistance levels has fueled optimism among traders and investors. Utilizing Probabilities for Long Positions I'm employing probability-based strategies to enter long positions on ETHUSD.  By incorporating probability analysis into my trading approach, I aim to capitalize on Ethereum's bullish fundamentals while maintaining a structured and disciplined trading strategy. Let's dive in! 2W:https://www.tradingview.com/x/t6j2hT4t/ 2H:https://www.tradingview.com/x/prwKqAhU/
COINBASE:ETHUSDLong
by Jasminex1x2
ETH/BTC - The fastest horse in the raceWhile I recently laid out why I think COINBASE:ETHUSD has a bullish setup brewing, I want to turn attention to BINANCE:ETHBTC . While I think both BTC and ETH have bullish setups, a case can be made that ETH is about to begin outperforming BTC and we'll likely see a period of outperformance for ETH. Currently forming on the BINANCE:ETHBTC weekly candlestick chart is a bullish engulfing setup coming off of an RSI divergence. These types of setups can be quite explosive once price breaks above the weekly candle high and starts moving. If this pattern plays out then the next major overhead resistance is in the 0.54-0.56 region. Beyond that the next major resistance is just below 0.08. As always, we need to practice proper risk management, so for this setup the invalidation level is around 0.0345. Also keep in mind that the weekly candle has not yet closed so we are simply watchin for the potential at this point. For a good, solid setup we'd want to see very little upper wick when this weekly candle closes.
Long
by krugman87
1
Ethereum Update (12H)The Ethereum scenario turned into a triangle. We already considered Diametric for Ethereum. With the news of Trump's election and the influx of money, this pattern turned into a triangle. To enter an Ethereum position, we need correction. The best place to buy again is marked on the chart. Currently, the price has risen without correction and it is risky to enter the position. The goals are clear in the chart. Closing the daily candle below the invalidation level violates this analysis 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
by behdark
ETHUSD price action poking above descending channelFirst breach of the top trendline of the descending channel here by the price action. We all know that price will often times dip back into a chart pattern after the ntial break above it so as of now we can’t yet say this validates the breakout of this pattern. Even though it’s more common patterns dont official validate their breakouts until the 2nd 3rd or 4th breach of a toot rendline, there are plenty of examples of patterns that have confirmed their breakout on the 1st breach of the top trendline as well so it’s wise to be prepared for either possbliity. Think a good indicator of it confirming the breakout will be once the 200ma gets flipped to sold support. The 200ma is current wick resistance. *not financial advice*
COINBASE:ETHUSD
by DrDovetail
#ETH (SPOT) entry range( 2330- 2530)T.(3380) SL(2310)BINANCE:ETHUSDT entry range ( 2330- 2530) Target1 (3080) - Target2 (3380) SL .1D close below (2310) *** collect the coin slowly in the entry range *** *** No FOMO - No Rush , it is a long journey *** **** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH # AST #PORTAL #CYBER #RIF #ENJ #ZIL #APT #GALA #STEEM #ONE #LINK #NTRN #COTI #RENDER #ICX #IMX #ALICE #PYR #PORTAL #GRT #GMT # IDEX #NEAR #ICP #ETH ***
Long
by Crypto_alphabit
4
ETH through prism of Fib and Elliot wave theoryHello everyone. Today I will talk about ETH, the one ALT to rule them all. It is best if we look at the big picture and forget about day-to-day movements, news and all the other noise. Let us just look at the chart through basic Fibonacci levels paired with Elliot Wave Theory. First lets go through Elliot waves. Wave 1 started in 2017, first bull run. Wave 2 was in 2018, bear market. Wave 3 2019-2022, bull run. Wave 4 was short bear market in first half of 2022. We are currently in Wave 5. I have added to this chart Trend-based Fib extensions to help predict the possible top. Wave 3 ended just below 3.618 Fib extension. I like to be more on the conservative side so I will be looking for this run to end at max 2.618 Fib extension, which currently projects a price of 13k USD per ETH, making it a potential 4x profit. Remember, this is not a financial advice. This is just my thinking, shared with you. If you like my work, give it a boost and check my other ideas. If you find value in them, subscribe. Good luck!
COINBASE:ETHUSDLong
by carefulCheese32259