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Ethereum (Cryptocurrency)

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
1
Is Ethereum Poised to Reach $3,200? Analyzing the Bullish Moment Ethereum, the second-largest cryptocurrency by market capitalization, is showing strong signs of bullish momentum, with analysts predicting a potential breakout to $3,200. This optimistic outlook is fueled by a combination of factors, including positive inflows into Ethereum ETFs and a broader bullish sentiment in the cryptocurrency market. The Impact of ETH ETF Inflows The recent influx of capital into Ethereum ETFs has significantly boosted the cryptocurrency's price. As institutional investors gain easier access to Ethereum through ETFs, demand for the underlying asset is likely to increase. This increased demand can drive the price of Ethereum higher, potentially pushing it towards the $3,200 level. Bitcoin's Influence on Ethereum Bitcoin's price performance often has a significant impact on the broader cryptocurrency market, including Ethereum. As Bitcoin continues to rally and approaches the $100,000 mark, it could create a positive sentiment that spills over to other cryptocurrencies, including Ethereum. Technical Analysis: A Bullish Outlook Technical analysis suggests that Ethereum is currently in a strong uptrend. Key technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), are signaling bullish momentum. Additionally, the formation of bullish chart patterns, such as a rising wedge or a bullish flag, further supports the potential for a significant price increase. Challenges and Risks While the outlook for Ethereum appears bullish, it is essential to acknowledge the potential challenges and risks: • Market Volatility: The cryptocurrency market is inherently volatile, and sudden price swings can occur without warning. • Regulatory Uncertainty: The regulatory landscape for cryptocurrencies remains uncertain, and any unfavorable regulatory developments could negatively impact the price of Ethereum. • Network Congestion: As the number of users and transactions on the Ethereum network increases, network congestion and high transaction fees could become a concern. Conclusion Ethereum's strong fundamentals, coupled with positive market sentiment and technical indicators, point to a potential breakout towards the $3,200 level. However, investors should approach the cryptocurrency market with caution and be prepared for potential volatility. By staying informed and conducting thorough research, investors can make informed decisions and maximize their potential returns.
COINBASE:ETHUSDLong
by bryandowningqln
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
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 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
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
Is Trump’s Presidency a Bigger Win for DeFi than Bitcoin? Were decentralized finance (DeFi) assets like Ethereum underestimated leading up to the election? Ethereum is now outpacing Bitcoin following Donald Trump’s 2024 U.S. presidential win, with Ether (ETH) gaining 4% in the past 24 hours (and 14.1% in the past 5 days). Bitcoin on the other hand is down 0.4% in the past 24 hours) Analysts suggest that the Republican administration’s expected support for DeFi will play a pivotal role in Ethereum’s growth. Trump has signaled interest in policies that could nurture blockchain technology, encouraging legislative reform to promote DeFi innovation in the U.S. Bitcoin may hold its status as a store of wealth (and even a potential alternative reserve for the US treasury), but Ethereum’s recent performance suggests it’s increasingly well-positioned to benefit from the changing policy environment.
BLACKBULL:ETHUSD
by BlackBull_Markets
1
ETH Next Target: $5,000ETH technical analysis update ETH's price touched the trend support line on the weekly chart and has bounced 20% from it. The price also touched the April resistance level at $2,150, which is now acting as strong support. Price dropped below 30 RSI in day chart, this could indicate the bottom for ETH. The 100 and 200 EMA act as agood support for ETH in weekly chart. We can expect a significant bullish move from the current level, with the potential to reach a new all-time high in the coming months. Regards Hexa
Long
by HexaTrades
THE WHALES accumulate in ETH after ETH break the support of 2829$ , the whales start to accumulate in eth in lower price , and soon it will go above the resistance and will countunies the bullish trend , ETH now at false movment down only for accumulation and make ppl sell thier coin , they make boring and false movment only to make ppl fear and sell thier coin , there's small chance for the eth to go down for last move down for the worst case but don't afraid just be patience don't be greedy . don't but your all eggs in one basket this is my analyse it's not a recomandation to buy or sell !!
BITSTAMP:ETHUSDLong
by smocks
ETH Long Spot Trade (Breakout Opportunity)Market Context: ETH is currently testing a double resistance area (horizontal and diagonal). This setup is ideal for a breakout trade. A clean breakout followed by a throwback would offer a favorable entry point with potential for upside movement. Trade Setup: Entry: Around $2,800 (after breakout confirmation and throwback) Take Profit: First target: $3,000 Second target: $3,200 Stop Loss: Close below $2,600 This breakout setup aims to capture upward momentum if ETH clears the double resistance zone. #ETH
Long
by Richtv_official
ETHEREUM (ETH) on the Rise! Key Targets Await on 1H ChartETHEREUM (ETH) Technical Analysis: Ethereum (ETH) has confirmed a long entry at 2586.77 on the 1-hour timeframe, backed by bullish momentum and support from the Risological Dotted Trendline . The trade setup is promising, with well-defined targets positioned to capture potential gains as ETH continues its upward move. Trade Summary: Entry Level: 2586.77 Target Levels: TP1: 2729.39 TP2: 2960.16 TP3: 3190.93 TP4: 3333.55 Stop Loss: 2471.39 With the entry level secured, Ethereum is primed to approach each target. Traders should monitor price action closely as ETH strives toward these lucrative levels.
Long
by ProfitsNinja
ETH Price Setup: Why $2,840 Could Spark the Next Big Move BINANCE:ETHUSD has been underperforming compared to BINANCE:BTCUSD and some other major cryptocurrencies, yet recent developments hint at a potential shift. Despite facing a significant resistance cluster, ETH has shown resilience by breaking above a key volume profile Point of Control (POC) level on the higher timeframe, signaling the early stages of a bullish sentiment shift. However, to sustain this momentum, CRYPTOCAP:ETH needs to conquer a critical resistance zone, marked by a 1-week Fair Value Gap (1W FVG) and a 1-day Order Block (1D OB) – a challenging area that will likely test ETH’s ability to break out. Chart Analysis: Key Levels to Watch Major Resistance Zone (1W FVG & 1D OB) The most immediate challenge for ETH is closing above the resistance zone around $2,840. This area is crucial because it combines a 1W FVG and 1D OB, both of which create a barrier that ETH needs to break through for the next leg up. A decisive close above this level on the daily chart would turn the 1D OB into a breaker block, potentially flipping it from resistance to support and laying the foundation for a more sustained bullish displacement. Volume Profile POC Breakout ETH has already broken above the higher timeframe volume profile Point of Control (POC), a positive sign that suggests market interest and liquidity are shifting upwards. This break above the POC adds to the semi-bullish case, as it often signals a potential move towards filling the FVG above. Entry Into the 1W FVG (SIBI) Should ETH successfully close above the $2,840 level, it would enter the 1W FVG, opening up the possibility for a larger upward move. Once in this zone, buyers could gain confidence, triggering additional buy-side liquidity and a rally towards $3,100 - $3,300. Trade Setups Swing Trade Setup Entry: Look for a close above $2,840. Ideally, wait for a retest of this level to confirm it as a breaker block before entering long. Target: Primary Target: $3,100 - within the 1W FVG zone. Secondary Target: $3,300 - higher end of the FVG, where resistance may intensify. Stop Loss: Set below the 1D OB, around $2,750, to protect against a failed breakout and retracement. Rationale: A breakout and successful retest of $2,840 would signal strength, allowing ETH to push into the FVG and potentially rally toward $3,300. If buyers are strong, this could lead to a medium-term bullish trend. Scalping Setup Entry: Enter long on quick pullbacks to $2,750 - $2,770, close to the 1D OB support zone, or during any small dips within this range. Target: First target at $2,840 for a quick profit. Second target around $2,900 - $2,950 if momentum is strong. Stop Loss: $2,730, slightly below the 1D OB level to protect against larger sell-offs. Rationale: For scalpers, buying dips around the 1D OB level provides a quick entry with a high probability of retesting the resistance at $2,840. This setup allows for short-term gains while taking advantage of potential volatility near the key resistance area. Looking forward to hearing your thoughts on this! Trade safe folks, Cheers
Long
by MadeByAK