Get started

Ethereum (Cryptocurrency)

XRPUSDT potentially good moment to reenter on the correctionXRPUSD has recently seen an upward impulse move but is now pulling back after encountering resistance. The price has retraced roughly one-third of the previous bullish advance, indicating some selling pressure, yet the overall trend remains intact within an ascending channel. A complex pullback has formed near the resistance zone. The breakout and close above the critical 0.500 level signal growing momentum in the market. This could suggest a potential accumulation phase, as buyers might be waiting for a more attractive entry point. The psychological level of 0.500 is expected to offer strong support. If this level holds, it could provide an opportunity for buyers to re-enter the market, potentially triggering another upward leg. The outlook remains cautiously optimistic, as long as the price stays above this crucial support. The target is the resistance zone around 0.6160
COINBASE:XRPUSDLong
by RTED_Investing
Potential bullish rise?Ethereum (ETH/USD) has reacted off the pivot and could rise to the 61.8% Fibonacci resistance. Pivot: 2,550.99 1st Support: 2,334.36 1st Resistance: 2,854.22 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:ETHUSDLong
by ICmarkets
2
Price Correction from the Resistance ZoneEthereum is currently within the $2600 to $2700 resistance range. This range is recognized as a significant resistance that might halt the current upward trend and initiate a downward movement. Potential Scenarios: Price Correction from the Resistance Zone: If Ethereum fails to break through the $2600 to $2700 resistance range, a price correction towards the $2500 and $2400 support levels is likely. These levels could act as key points for a potential price reversal and continuation of the downward trend. Breaking Resistance and Continuing the Uptrend: If Ethereum can break through the $2700 resistance and stabilize above it, this move could indicate the continuation of the uptrend, with the price moving towards higher levels.
by MonoCoinSignal
1
Ethereum ETH price completed its correction, and next growth?Here is a global wave analysis of the OKX:ETHUSDT price After the launch of #ETHETF, the price correction of CRYPTOCAP:ETH has started After launch, #BTCETF was similar to the CRYPTOCAP:BTC price. Well, this is logical, because large funds need a trading volume to purchase a large position and preferably as cheaply as possible. The probable correction wave (4) was 0.5 of the previous wave (3) Now the main task is to keep the OKX:ETHUSDT price in the range of $2250-2550 Well, and from this zone can start the growth wave (5) with the goal of at least $5950-6000 per CRYPTOCAP:ETH _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
2
ETH/USDT Weekly Chart Update !!ETH/USDT is currently testing key resistance levels within the descending channel. A breakout above $3,050 could lead to a retest of higher resistance areas around $3,850. The 100MA near $2,150 has provided strong support, and the price needs to be above this level to maintain the bullish momentum. Traders should keep an eye on volume confirmation and price action near these crucial levels. This update provides a concise analysis of the ETH/USDT weekly chart, focusing on key support and resistance levels, moving averages, chart patterns, and volume considerations. Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
by CryptoSanders9563
1
ETH short time bull runThe chart provided shows an Ethereum (ETH) price movement against the US Dollar (USD) on a 1-hour time frame. The expectation is for a long position, indicating a bullish outlook. Analysis: Current Price Action: The chart shows a consolidation phase after a downtrend, indicating a potential reversal. The price has found support around $2,610, which aligns with the previous low, and there's a visible bullish momentum. Key Levels: Entry Point: The current level at $2,614.04 seems to be a potential entry point for a long position. Stop Loss: A stop loss could be placed just below the recent low around $2,586, to protect against a downside move. Take Profit: A potential take profit level could be set at $2,782.61, which aligns with the previous high and offers a favorable risk-reward ratio of 1:2. Conclusion: Given the current market structure and the formation of a higher low, a long position could be justified. The consolidation and support around the $2,610 mark suggest that buyers may step in, pushing the price towards the $2,782.61 target. However, it's important to monitor the market closely and adjust the strategy as necessary based on further price action.
COINBASE:ETHUSDLong
by Bolems
ETHUSDT Current Position (August 18, 2024, 12:00): The market is at a resistance level around 2,665.00. This area could signal either a pullback or a breakout, depending on market sentiment and external factors. Next Key Times: August 20, 2024, 06:00: This time point may represent a moment of potential reversal or continuation of the current trend. August 23, 2024, 01:00: This could be a critical period, where a major movement in either direction may occur. August 24, 2024, 16:00: A point to watch for further developments. August 25, 2024, 11:00: This point could indicate a stabilization or another shift in the market's direction. Interpretation: Upward Potential: If ETH/USDT breaks the current resistance and continues upward, it could reach the 2,690.00 mark or higher. This would likely align with positive developments or market optimism. Downward Risk: Failure to break above resistance may lead to a test of the lower support around 2,600.00 or lower, with potential significant drops around the key timeframes identified.
by trushkovskiy
1
Bitcoin Weekly Analysis: Potential LONG ! (READ THE CAPTION)By reviewing the #Bitcoin chart on the weekly timeframe, we can see that the price is currently trading around the $59,500 level. The key level to watch tonight is whether Bitcoin can hold above $58,700. In my opinion, Bitcoin is likely to soon rally towards $63,400. However, once it reaches this level, we might see a negative reaction. After observing this reaction, we can better assess Bitcoin's next potential move. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban ((2+4+7+13+15+18+26+36+38+69+87+101+183+209+1000+1002+1000000000+1000000001+ 1000000853)^♾️*69) + 1 !
Long
by ArmanShabanTrading
14
ETH/USDT Outlook ICT ConceptsETH/USDT Analysis 💰 Welcome to Your Channel! Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on ETH/USDT, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains. 💡 Previous Analysis Review: In the previous analysis, we anticipated a sweep of the Sell-Side Liquidity (SSL), but instead, the market created Equal Lows (EQL) near the SSL, forming a key liquidity level. This development alters the market's potential direction and opens up new scenarios. 📍Current Market Overview: • Current Price: ETH/USDT is trading at 2,653.01, having recently swept the Previous Week High (PWH). Key Levels: • EQL: Positioned near 2,560.00, forming a significant support and liquidity zone. • BSL (Buy-Side Liquidity): The recent sweep of the PWH suggests a potential revisit to this BSL zone. • 4H FVG: The Fair Value Gap above the current price acts as a resistance, capping further upside unless a significant breakout occurs. 🔍 Identifying Key Levels • PMH (Previous Month High): 3,600.00 • PWH (Previous Week High): 2,740.00 • PML (Previous Month Low): 2,560.00 • SSL (Sell-Side Liquidity): 2,310.00 • BSL (Buy-Side Liquidity): 2,740.00 • 4H FVG: Near the BSL zone, offering potential resistance. 📊 Key Considerations • Equal Lows (EQL): The creation of EQL near the SSL indicates strong sell-side liquidity. This could attract future bearish interest, making it a critical level to monitor. • Sweep of BSL: After sweeping the PWH, another sweep of the BSL is likely, leading to a potential expansion lower targeting sell-side levels. • Sell-Side Target: The key downside targets include the SSL levels below 2,560.00. If these are taken out, the bearish scenario could extend towards the SSL at 2,310.00 or lower. 📈 Bullish Scenario For any bullish scenario to materialize: • Break Above BSL: A clear break and close above the BSL (near the 4H FVG) is required. This would invalidate the bearish outlook and suggest a continuation higher. • Sweep of Sell-Side Levels: The market must take out the EQL and SSL to remove the bearish pressure and open up higher targets. 📉 Bearish Scenario A bearish scenario is more likely if: • Rejection at BSL: After sweeping the PWH, a failure to break above the BSL (4H FVG) could lead to a significant move lower. • Expansion Lower: Following the BSL sweep, an expansion lower targeting the SSL and EQL is expected. This would align with the market's current bearish structure. 📊 Chart Analysis Summary • Bullish Expectation: Requires a clean break above the BSL, with the sell-side liquidity being taken out first. • Bearish Expectation: Anticipating an expansion lower after sweeping the BSL, targeting key sell-side levels. 📝 Conclusion: The market's creation of EQL near the SSL has introduced a strong bearish outlook, particularly after the recent sweep of the PWH. A sweep of the BSL followed by a move lower is expected, but for any bullish scenario, the sell-side levels must first be taken out. 🙏 Thank you for joining us! Exploring ETH/USDT today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning! ⚠️ Disclaimer The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
by RealArmin
1
Important section: 2531.05 ~ 0.382 (2647.88)Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- The key is whether the M-Signal indicator on the 1M chart can rise above and maintain the price. To do so, we need to check whether it can rise along the rising trend line during the volatility period starting around the week of August 19. If not, and it falls below 2531.05, there is a possibility that it will fall again to around 2159.0, so we need to think about a countermeasure for this. - Currently, the StochRSI indicator has entered the oversold zone and is maintaining the status of StochRSI < StochRSI EMA. Therefore, it is important to see if it can be supported around the 2531.05 ~ 0.382 (2647.88) section. Therefore, it is recommended to proceed with a purchase when the StochRSI indicator is out of the oversold section and StochRSI > StochRSI EMA. However, since the current chart is a 1W chart, it is possible that it has shown a lot of increase when the above situation occurs. Therefore, you should check whether there is support in the section (2531.05 ~ 0.382 (2647.88)) and see if you can proceed with a split purchase. - If you compare the current flow with the past flow, it seems to be showing a movement corresponding to around May 9, 2022. However, the current situation is a bit different from that time. When it was around May 9, 2022, there was a decline in USDT, but currently, USDT is showing an increase. Therefore, I think it is showing a different flow than before in that it is time to find a time to buy even if it falls further than the current price, not a time to find a time to cut losses. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will start when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
ETH (Ethereum): Approaching ResistanceTrade setup : Price broke below its 200-day moving average, which signaled downtrend. However, it got oversold (RSI < 30) near $2,400 support and bounced up. Also notice the unusually high volume, which also suggests that a lot of sellers have already exited. Momentum is inflecting bullish again (MACD Histogram rising) and price could reach $2,850 resistance. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend. The recent launch of nine ETH Spot ETFs could also boost demand for ETH. Learn to trade chart patterns in Lesson 8 and set Stop Loss levels in Lesson 9. Pattern : Price is Approaching Resistance , which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level. Learn to trade key levels in Lesson 7. Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $2,400.00, then $2,100.00. Nearest Resistance Zone is $2,620.00, then $2,850.00.
Long
by altFINS
OMG! ALT Season is SO CLOSE!!!! ALT HOLDERS will BECOME RICH!6 1/2 years of a corrective cup formation for massive coin absorption in the market for the market makers. notice each low is holding in an upward support level and not fully reclaiming after each correction down. notice that the handle from the 2021 bull season trap at the highs was a corrective formation to build out the handle pullback. we are now forming tight consolidation within a small major breakout retest on old resistance from the handle. when the green triangle breakouts out it will run north! potentially could pull back one more time within the green triangle and retest the support for a major BUYYYY!! THIS LOOKS SO GOOD AND YOU BETTER HAVE YOUR ALTS READY TO GO!!! 2017 is in motion again! BULLS WILL RUN HARD!
COINBASE:LTCUSDLong
by IIISevens
Keep Calm And Trade BitcoinIt would be relevant and popular to type a scenario called "if" with forecasts to buy, sell and hold in one article. However, I tend to be as objective and useful as possible, because I believe that if we hold and speculate on our popularity, this can continue until the last market maker is left without his commission and lead to a dead line of existentialism. Especially since, while some if buy, others if sell and else if hedge. In general, I do not see the point in two or even three way forecasts for all occasions, so that you can always tell your subscribers: "Look in my feed history! — I told you..." (all the ways). I am convinced that in order to learn, you need to practice confident steps, then you will get irreplaceable experience and the opportunity, if necessary, to earn money without begging. Risk is a noble cause. It is important not to miss the moment here. Either way, you will have to make a choice, otherwise doubt will eat you up. So grab your space spoons and forks and have a hearty meal, the training simulator won't be returning to the ground until lunchtime. I often observe fatal conclusions (probably from newbies) that if "bitcoin falls" so then it's forever, "it's all over". But what they won't understand is that always goods are bought and sold on the market? Otherwise the market doesn't exist. You simply can't afford to buy-buy-buy all the time, sometimes you have to sell. Otherwise, what's the point of all this? And Bitcoin is not Ethereum! Bitcoin is original blockchain core with limited emission! And look at all chart at least sometimes. Take a break. There are other areas for investment in life. You can buy a new laptop or surfboard, for example. You have to fix your profit from time to time. Due to outside interference for the last four years, the price looks tired. Sooner or later, an exotic vacation of Bitcoin to at least 28k for a breather is inevitable, and then it returns to its mathematically lawful exponential level of ~100k by the end of next year. If your friends just bought Bitcoin, it does not mean that it will be worth a million next week, and they can sell it on the market and buy it again. Maybe they lack education in this area, help them. Think before you judge. Just free your mind to think differently from time to time. As much as we would like it, the rocket is not fly into space this year. And the events do not matter for the mathematical regularity of the original blockchain. Yes, there is a tendency for shortages (deficit), but what will you do with Bitcoin if not sell at the real price now and buy it profitably later? Do not stand still, use the market to dream. There is a lot of liquidity in the support zone. The exponential trend is constant, but we will not fly into space at all, because there is nothing to do and under gravity we just build and fill up the supporting silicon mountains for our observatory to look at the stars. The original blockchain is the most stable algorithm for maintaining independence in a secure decentralized unity environment. And it is only a matter of time what the result of the infinity fraction with a limited denominator will be. We are on the peak of the wave, the next part of Blockchain journey ahead. Now put the record on.
BITSTAMP:BTCUSDShort
by tradephenomena
2
ETH Ascending Wedge, Uptrend Channels and Repeating Patterns2nd Box in the Chart First, when we look at the boxes on the chart, we can notice the horizontal accumulation zones that continue upwards sequentially. Now, let's look at the 2nd and 3rd boxes. In the 2nd box, we see a downtrend channel. After the price uses the bottom region of the box as support sufficiently with this downtrend channel, it gives the first upward breakout, and the uptrend process begins. 3rd Box Now, let's look at the 3rd box. The price reached the EUROTLX:4K region, and despite many news events like the ETF, that price region acted as resistance and went down. Meanwhile, a downtrend channel similar to the one in the 2nd box formed. If we look closely, we can see that the price has already started using this downtrend channel. I think this process will continue similarly to the 2nd box. In other words, I believe that the upward breakout process will begin when the price squeezes until the end of the convergence between the downtrend channel and the bottom support region of the box. This could likely take a few months because there is quite a bit of space between the downtrend channel and the lower support of the 3rd box, and the price hasn't started squeezing yet. After Breaking Upwards After the price breaks upwards, I think it will move in a structure similar to the purple-colored movement, more or less. This is because the two uptrend lines below form an ascending wedge, and I believe the price will somehow catch up with this again.
Short
by huecoshunter
ETH/USDT 1D Trade idea It's no secret, Ethereum has been struggling this Bullrun. Outperformed by Solana and other new emerging L1's, a permabearish ETH/BTC chart and losing market share in terms of volume on chain to its competitors. The daily chart is a difficult one to digest as a fan of ETH, despite the ETF approval and the institutional investment that has come with it, the trend is an obvious downtrend of late and shows no signs of changing anytime soon... The ETH/BTC pair is a similar story only the downtrend has been the case for much longer, unable to keep up with bitcoins price gains. Bitcoin is currently -20% from its ATH set earlier this year, Ethereum is yet to break its previous ATH set in '21 of $4850, -47% at current price which is way off BTC. For me there are two possible entries: - A mid range reclaim would then target a range high move going into the end of the year. - A safer entry of filling the wick set in the beginning of august with a slow grind down, sweep liquidity, reclaim and pump from there. Both situations would require BTC to behave as always.
by ProR35
Donald Trump Now Holds Ethereum Worth $1 MillionDonald Trump, the former President of the United States, has made headlines once again, but this time it's not about politics—it's about cryptocurrency. Recent financial disclosures have revealed that Trump holds between $1 million and $5 million in Ethereum ( CRYPTOCAP:ETH ), placing him among the prominent figures in the digital asset space. This revelation comes at a time when the crypto market is facing significant volatility, particularly for Ethereum, which is experiencing heavy selloffs and ETF outflows. Trump’s Deepening Involvement in Crypto The disclosure of Trump’s Ethereum holdings marks a significant shift in his financial strategy, particularly given his past criticisms of cryptocurrencies. Once dismissive of Bitcoin and other digital assets, Trump now appears to be embracing the crypto world, not just as an investor but as an active participant in the burgeoning market. His Ethereum ( CRYPTOCAP:ETH ) holdings, valued at up to $5 million, suggest a calculated move to diversify his wealth and capitalize on the growing influence of digital currencies. But Trump's involvement doesn't stop at Ethereum. He has also earned millions through NFTs (Non-Fungible Tokens), a digital asset class that has exploded in popularity over the past few years. According to the financial disclosure, Trump has raked in over $7 million from NFT licensing deals, making him a significant player in the NFT market as well. His NFT projects, including the controversial Trump Digital Trading Cards, have generated over 15,808 ETH in trading volume on OpenSea, one of the largest NFT marketplaces. The Crypto Influence of the Trump Family Trump's foray into the crypto world isn't an isolated endeavor. His family, particularly Donald Trump Jr., has also shown a keen interest in digital assets. Trump Jr. recently launched a Telegram channel dedicated to cryptocurrency and decentralized finance (DeFi), which has quickly amassed over 11,000 members. This initiative, dubbed "The Defiant Ones," signals the Trump family's growing influence in the crypto space and their intention to leverage this new frontier for political and financial gain. The timing of these revelations is particularly noteworthy as they coincide with Trump's ongoing campaign for a return to the White House. His deepening involvement in cryptocurrency could be seen as a strategic move to align himself with the rapidly growing number of crypto enthusiasts and investors, a demographic that has become increasingly influential in American politics. Ethereum’s Tumultuous Moment Trump’s significant Ethereum ( CRYPTOCAP:ETH ) holdings come at a time when the cryptocurrency is under intense market pressure. On August 15, spot Ethereum ETFs saw a net outflow of $39.21 million, reflecting waning investor confidence. This was further exacerbated by a major whale selloff, where 2,978 ETH were dumped, adding to the bearish sentiment surrounding the digital asset. Crypto analysts have issued warnings of a potential correction in Ethereum's price, with some predicting a drop below the crucial $2,000 support level. The combination of ETF outflows, whale selloffs, and technical indicators like the TD Sequential flashing sell signals all point to a challenging period ahead for Ethereum. Political Implications and Market Impact Trump’s crypto investments, particularly his substantial Ethereum holdings, add a new layer of intrigue to his political persona. His entry into the crypto space could resonate with younger, tech-savvy voters who view digital assets as the future of finance. Moreover, it positions him as a forward-thinking leader who is willing to embrace new technologies, a narrative that could play well in his presidential campaign. However, Trump's crypto dealings could also attract scrutiny, especially from regulators who are increasingly focused on the digital asset market. The fact that Trump has quietly amassed a fortune in Ethereum while the broader market faces regulatory challenges and volatility could raise questions about his motives and the potential impact of his financial decisions on the market. Donald Trump is making his mark in the crypto world, and the implications could be far-reaching. In the ever-evolving landscape of cryptocurrency, Trump's actions may set a precedent for other political figures to follow, potentially intertwining the worlds of digital assets and political power in unprecedented ways.
by DEXWireNews