ETH Eyes $2,800 Support: Big Move Incoming?ETHUSDT Technical analysis update
ETHUSDT has been trading within the same range of $2,000–$4,000 for the past 400 days. Currently, the price is forming an inverse head and shoulders pattern. In the coming days, the price could create the right shoulder of this pattern. A possible drop to the strong support zone at $2,700–$2,800 could complete the right shoulder formation. Once the price touches this support level, we can expect a strong bounce from that area.
Good Buy level: $2700- $2800
Regards
Hexa
Ethereum (Cryptocurrency)
ETH in crucial zoneHey cryptofolks
CRYPTOCAP:ETH is in a crucial zone
There are more liquidity in 2600$ level
Important resistance to flip in support is the 3400$ zone
So there are 2 possibilities, back to $2600 to grab liquidity and make a new legs up
Or sideway with various retests attacking the $3400 level
I believe a daily close with decent volume over $3400 will brings us again to $4000
It all depends on how market will react to Trump presidential of next week
ETH LONGThe chart shows an accumulation phase near the support level around $3,202.76.
The price action has been ranging, indicating a consolidation period as buyers and sellers are balancing out after taking sellside liquidity.
The area of accumulation is marked in orange, suggesting that this is a critical level where demand could overpower supply, potentially setting up for a breakout.
Key Levels:
Support Level: $3,202.76 (Accumulative Zone)
Target: 6666$
Market Sentiment: Frustration
Disclaimer: Always do your own research and adjust positions based on your risk tolerance.
Falling towards 50% Fibonacci support?Ethereum (ETH/USD) is falling towards the pivot which is an overlap support and could bounce to the 1st resistance.
Pivot: 3,085.31
1st Support: 2,805.94
1st Resistance: 3,540.71
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BTC | FRACTAL | Multi Month to Higher High?BTC has been full of surprises - but I'm not complaining.
Initially, I was following a strict Elliot Wave Theory pattern, which played out extremely well - until the price shot out above the target.
I then re-adjusted the target to just under or just over 100k, which hit shortly after. The most interesting part though, is actually Ethereum. The fact that ETH has not yet made a new ATH after the dramatic BTC high, likely tells us the bull cycle is far form over.
I've been making a few updates on ETH and Altseason, and how you use the BTC.D chart, the BTC chart and the TOTAL# together to get a clear indication of where we are at in the cycle.
I've done MANY updates using this chart, because it is such a powerful combo to use. The fact remains - we have not yet seen a new ETH ath. This raises flags (and in the best possible way) indicating that the bullish cycle is not yet over.
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BYBIT:BTCUSDT COINBASE:ETHUSD
The key is whether it can be supported and rise near 3644.71
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(ETHUSDT 1M chart)
The two sections correspond to important support and resistance sections.
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(1W chart)
The key is whether it can be supported near 3644.71 and break through the upper section of the HA-High indicator box on the 1M chart.
If it fails to rise, it is important whether it can be supported near 3265.0-3321.30.
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(1D chart)
As before, we can see that the area below 3438.16 is a buying point.
Therefore, the 3265.0-3321.30 area is an important support and resistance area.
In particular, since the M-Signal indicator on the 1W chart is rising around 3265.0-3321.30, it is expected to play a more important support and resistance role in the future.
The current high point boundary area is 3831.12-3996.22.
Therefore, this high point boundary area can act as a resistance area.
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Since the StochRSI indicator has changed its slope in the overbought area, it is important to check whether there is support around 3644.71.
If it falls without support, you should check for support near the MS-Signal (M-Signal on the 1D chart) indicator.
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Thank you for reading to the end.
I hope you have a successful trade.
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- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been following a pattern since 2015 and has been rising.
In other words, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend.
Accordingly, the uptrend is expected to continue until 2025.
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(LOG chart)
Looking at the LOG chart, you can see that the uptrend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, it is expected that prices below 44K-48K will not be seen in the future.
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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
In other words, it is the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, it is expected that this Fibonacci ratio will be used until 2026.
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No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to this.
If the ATH is renewed, there are no support and resistance points, so the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as support and resistance.
The reason is that the user must directly select the important selection points required to generate Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous to use it for trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
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ETHER - Outlook for Week Commencing 13/01/2025Bias
The chart shows a neutral to bearish bias:
Price is trading below the 200-period moving average (red line), indicating overall bearish pressure.
There is an attempt to recover from a recent drop, but the price remains below significant resistance levels.
The MACD histogram and signal lines are showing signs of a potential short-term bullish retracement.
Key Support and Resistance Levels
Support Levels:
$3,200–$3,250: Current support zone, where the price is consolidating.
$2,900–$3,000: Major lower support and a previous bounce area.
Resistance Levels:
$3,450–$3,500: First resistance zone near the 50-period moving average (blue line).
$3,700: Second major resistance, marking the upper consolidation zone.
$4,100: Significant long-term resistance, visible on the chart.
Trade Plan for the Coming Week
Scenario 1: Short-Term Bullish Retracement
Entry: Buy if the price breaks above $3,300 with strong bullish momentum.
Stop Loss (SL): Below $3,200 (current support).
Take Profit (TP):
TP1: $3,450 (first resistance level).
TP2: $3,700 (next major resistance).
Scenario 2: Continuation of Downtrend
Entry: Sell if the price fails to break $3,300 and breaks below $3,200 (confirmation of bearish momentum).
Stop Loss (SL): Above $3,300.
Take Profit (TP):
TP1: $3,000 (major support zone).
TP2: $2,900 (extension of bearish move).
Scenario 3: Bullish Breakout
Entry: Buy on a breakout above $3,500 with strong volume.
Stop Loss (SL): Below $3,450.
Take Profit (TP):
TP1: $3,700.
TP2: $4,100.
$BTC Long long term Short Short term seems like its following VHi all how are we!? hope spirit are well stay strong!
This is update to my first of this idea the same idea I posted at the line it started. Its slowly moving to a LL Low low currently shaping a HL high low. When it swaps into a LH Low High that is confirmation of bullish sentiment between the LL nd HL. Basically a prime time to buy if other signals and analytics tell you to make a buy/long position. Never go of what I or anyone in Ideas say ALONE.. or reddit soil even Bloomberg or Forbes..
Anyway share your input o we can all learn more and grow as the Bitcoin Community!
Ready for more gains? Is Ethereum’s next target $4150?Hello and greetings to all the crypto enthusiasts, ✌
In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for Ethereum , 📚🎇
After a few days of movement outside its established range, the price has once again returned to the parallel channel it had previously formed. Given this development, I foresee additional upward momentum from the channel’s lower boundary, with further targets positioned higher. This price action suggests a continuation of the trend, supported by a clear trendline that marks the final target. The trendline serves as a reliable reference for projecting the potential price trajectory moving forward. Consequently, the outlook remains bullish, with the expectation of continued gains. 📚💡
🧨 Our team's main opinion is: 🧨
After several days, the price has returned to its previous parallel channel, and I expect further upward movement from the lower boundary, with the final target confirmed by a clear trendline.
Give me some energy !!
✨We invest countless hours researching opportunities and crafting valuable ideas. Your support means the world to us! If you have any questions, feel free to drop them in the comment box.
Cheers, Mad Whale. 🐋
#Ethereum Alert: Breakout Ahead!🚀 #Ethereum Chart Analysis: Potential Breakout Ahead!
Take a look at the symmetrical triangle forming on the CRYPTOCAP:ETH chart.
The price is consolidating within converging trendlines, signalling a potential breakout on the horizon.
🔥 Key Levels to Watch:
Support: ~$3,200
Resistance: ~$3,500
With the current price action, we could be approaching a decisive move. The big question: Will CRYPTOCAP:ETH break upwards or downwards? 🤔
Whatever CRYPTOCAP:ETH does, most of the #alts will follow.
Stay sharp, traders! Watch for volume spikes and confirmation before making moves.
Let us know your predictions below! 👇
DYOR. NFA
#Crypto
ETH/USD Bullish Setup: $6,000 TargetA bullish inverse head and shoulders pattern is forming on ETH/USD. ETH appears to be approaching the completion of the right shoulder, which lies in the $2,800–$2,900 region. A solid buy position can be considered in this area. Continue buying the dips! The projected target for this pattern is around $6,000.
ETHUSD: Almost oversold, 2017 is the guide.Ethereum is approaching an oversold 1D technical outlook (RSI = 38.630, MACD = -47.400, ADX = 39.653) as the 1W candle is pulling back with a force to the 1W MA50. During the 2015-2017 Bull Cycle, on January 2017, ETH was starting the new bullish wave of its Channel Up after a weekly consolidation under the 1W MA50. The situation is identical today as the September-October 2024 consolidation under the 1W MA50 paved the way for the current bullish wave.
Both Cycles traded inside Channel Up patterns with the bullish waves in 2015- 2017 being identical at +5,264%. If the current wave is as strong as the first one, we should see a +166.20% rise (TP = 5,500). The top at the end of the Cycle can be close to 7,000.
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ETH Buy the Dip ZonesETH daily chart has a blood diamond. We typically see a continuation of the down trend in the 4-6 candles following a blood diamond.
We broke down out of the H&S on daily. If we close here today and we will need to see where we open tomorrow and see if we confirm the H&S.
My down trend targets are shown on the chart. I will be looking to take longs in the lower zones. What I'm doing is placing limit orders at the 3 SD level as I expect for us to bounce in 1 week time frame although I expect us to wick down deep.
ETHEREUM - Potential ScenariosEther has been showing Bearish signs after a Bullish Exhaustion however it seems to now have held support well. We can see double bottom on H1 and this could close any potential lower moves and open above levels.
MACD is nearing a Bull cross so this should confirm the Bullish move.
Best approach is to go from level to level rather than aiming for a swing move as sentiments can switch anytime.
For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
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Disclaimer: This content is for educational purposes only and should not be considered financial advice.