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Ethereum (Cryptocurrency)

ETH / BTC Secondary trend. Descending channel. Wedge. 18 10 2024A local wedge-shaped formation has formed in the descending channel in this ETH/BTC trading pair. There is potential for a breakthrough and price growth, to the resistance of this descending channel. Perhaps after consolidation. If this happens, then most of the “long-suffering” altcoins will similarly go up in price, but with a larger %. The local alt season will begin. This trading pair clearly shows how money flows from one high-cap asset to another. Shown on the chart. Look at the time and the Bitcoin to Dollar chart, at the time of the breakout of the symmetrical triangle of the distribution zone downwards (weakness of Ethereum relative to Bitcoin). Since then, Bitcoin has grown in price by almost +200%. While Ethereum relative to Bitcoin has weakened by as much as -50%. Now there is a reverse flow of bitcoin into ether, and some alts, for about 1.5 months already. Then, the money will flow into a variety of alts, which will consequently be reflected in their prices a little later. Today is a significant date 18 10 2024. There are 18 days left until the US presidential election. Remember, about this, where this zone is in the main trend.
Long
by SpartaBTC
1
Mt. Gox Delays Repayment Deadline, Bitcoin RalliesMarket Update - October 18, 2024 Mt. Gox has delayed its bitcoin repayment deadline by a year:  This delay is viewed as a greenshoot for bitcoin prices, with traders arguing it reduces selling pressure on the broader market. The price of bitcoin was just short of $67,000 by Thursday afternoon. US spot bitcoin ETFs saw notable net inflows of more than $555 million on Monday, the highest since June:  Spot ether ETFs also saw $17 million in inflows, continuing positive momentum for both investment vehicles. Coinbase is pursuing partial summary judgment to obtain SEC documents about crypto regulation:  The regulator has previously delayed in responding to a Freedom of Information request made by the exchange over the same issue. US spot bitcoin ETFs saw $18.66 million in net outflows on Tuesday, led by Fidelity’s FBTC, which recorded $48.82 million in withdrawals:  BlackRock’s IBIT was the only ETF to see inflows, with $39.57 million entering the fund. Monochrome will introduce Australia's first spot ETH ETF on Tuesday, following on from the launch of its spot Bitcoin ETF in August:  Notably, the Monochrome ether ETF will allow both cash and in-kind redemptions, which could garner interest from institutional investors. 🌶️ Topic of the Week: Chiliz (CHZ): Bringing Blockchain and Crypto to Sports Fandom 👉 Read more here
GEMINI:BTCUSD
by Gemini
1
Ethusdt trading strategyThis Ethereum (ETHUSDT) chart shows the price consolidating within a symmetrical triangle pattern. Currently, ETH is moving near the upper boundary of the triangle around $2,620, indicating potential breakout scenarios. Bullish Scenario: If ETH breaks above the triangle's resistance, it could trigger a sharp upward movement, potentially reaching higher price levels around $2,800 or beyond. Bearish Scenario: On the other hand, if the price fails to break out and moves lower, it may retest the support area near $2,500, which could provide another buying opportunity. This consolidation pattern suggests that a significant move is coming soon. Traders should keep an eye on the triangle's boundaries for a clear breakout or rejection to define their next steps.
by Suyouu
ETH at a Crossroads – Will We Pump to 2,915 or Slip Below 2,480?Alright, folks, Ethereum is sitting on the edge. If the bulls make a move, we could ride the wave toward 2,915 resistance. But if momentum fades, it’s a quick slide down to 2,480. This is where things could get interesting—either we break out or catch a pullback. Key Levels: Resistance: 2,915 – Clear this, and we might see some serious upside action. Support: 2,683 – Bulls need to hold strong here to avoid trouble. Downside Zone: 2,480 – If we lose steam, this could be our landing zone. It’s one of those “stay sharp” moments—do we get a breakout, or are we in for some chop? Let me know your take—do we pump higher or dip for a reset? Drop your thoughts, follow, and share if this breakdown helped you prep for the move. Mindbloome Trader
MARKETSCOM:ETHEREUM
by Mindbloome-Trading
Sell ETH/USDT Channel BreakoutThe ETH/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 2620, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2488 2nd Support – 2410 Stop-Loss: To manage risk, place a stop-loss order above 2700. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
1
Sell WIF/USDT Wedge Breakout in H4The WIF/USDT pair on the H4 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Days. Key Points: Sell Entry: Consider entering a short position around the current price of 2.61, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2.22 2nd Support – 2.03 Stop-Loss: To manage risk, place a stop-loss order above 3.01. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
1
Ethereum: On the Verge of a Major Dominance Uptrend!Ethereum appears to be gearing up for a new phase of growth. Its dominance in the crypto market is completing a significant corrective phase — the second zigzag in a double zigzag pattern. This process has been unfolding over the past three years, correcting the previous growth seen from 2019 to late 2021. Looking at the historical trend, we can observe a clear cycle: three years of decline followed by one year of rapid altcoin growth. This cycle, along with characteristic Elliott Wave correction patterns (where the latest structure shows a = c) and a false breakout at the critical 13.95% level, suggests that significant changes may be on the horizon. We also see confirmation in technical indicators — MACD, the MACD histogram, and RSI — signaling bullish divergence and a break in the downtrend on the Momentum indicator (40-day period). A similar picture emerges in the ETH/USD and ETH/BTC pairs, forming a base for the bullish trend. This points to the potential beginning of a strong upward movement for Ethereum and an expansion of its influence in the cryptocurrency market. There may be one more slight decline in ETH dominance, probably to the level of 13,6%, to form a double bullish divergence, after which I will accelerate my bullishness on ETH.
CRYPTOCAP:ETH.DLong
by myteam
2
ETH/USDT Approaches Key Resistance After Double Bottom Breakouthello guys! Key Observations: Double Bottom Pattern: A well-defined double bottom pattern formed around the $2,307 zone. The neckline breakout has occurred, and the price is nearing the projected target of the double bottom pattern, around the $2,730 area. Resistance Zone (Blue Box): The price is approaching a key resistance area between $2,680 and $2,730. This area represents a major challenge for bulls, as it's a historical level where selling pressure previously increased. Ascending Channel: ETH is trading within an ascending channel, with higher lows and higher highs. The upper boundary of the channel aligns with the resistance zone, indicating the confluence of a strong resistance level. Potential Targets: If the price breaks above the resistance area, the next target lies around $2,800, which is the upper boundary of the ascending channel. On the downside, if the resistance holds, a pullback toward the support of the channel around $2,560 to $2,480 is possible. Engulfing Pattern at Support: A bullish engulfing pattern at the double-bottom zone initiated the current rally, showing strong buying interest in this region.
by melikatrader94
2
Ethereum to 3000$ - ETH POSSIBLE SWING ZONEHello friends, Crypto markets and risk assets have been performing well recently. Bitcoin is beginning its delayed bullish momentum and catching up with indices like the S&P 500. Ethereum and altcoins are also following this bullish trend. I believe we may see Ethereum experience a small retracement to the marked zone labeled as the 'Long Zone,' and from there, it could take off toward Target 1 and Target 2, eventually reaching $3,000 in my opinion. The 'Long Zone' is the area where I consider a swing position for Ethereum. Of course, don’t forget about the geopolitical risks and the U.S. elections on November 5th. The momentum could shift significantly if we receive negative news. Please be cautious and avoid taking risks that you aren’t prepared to lose. Nothing I share is financial advice. For educational purposes only.
Long
by UA_CAPITAL
Sell TAO/USDT Channel Breakout H4 The TAO/USDT pair on the H4 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Days Key Points: Sell Entry: Consider entering a short position around the current price of 607, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 494 2nd Support – 422 Stop-Loss: To manage risk, place a stop-loss order above 687. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
3
SasanSeifi| Is Ethereum Poised for a Move to Higher Levels?Hey there, ✌ In the daily timeframe analysis, as shown, the price has entered a downward trend from the $4,000 range. Following this price drop, it reacted at the important support level of $2,100, oscillating between the price ranges of $2,100 to $2,800. Currently, after observing demand at the $2,300 level, the price has experienced slight positive fluctuations and is trading around $2,600. Based on the candlestick behaviour, it is anticipated that in the short term, the price may rise towards the important resistance levels of $2,700 to $2,820, with some minor positive fluctuations. If the price breaks above $2,820 and stabilizes in lower timeframes, the likelihood of further price growth towards the resistance zone of $3,000 to $3,250 increases. In such a scenario, monitoring the price reactions at these levels will be essential for evaluating the next trend. However, if the $2,820 level is not breached and the price fails to maintain its stability, the possibility of a price retracement may rise. The long-term outlook remains bearish, with expectations for the price to move towards the $1,800 to $1,500 range. In the daily timeframe, the $2,450 to $2,300 levels serve as critical support. Maintaining the price above these levels is crucial for the desired scenario. Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! If you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
by SasanSeifi
btcusd h3 best level to buy/hold tp 75 000 usd🔸Hello traders, today let's review 3 hour price chart for BTCUSD . Currently strong sequence of higher lows in progress so expecting more gains in this market into US elections in November. I recommend to focus on accumulating on dips, bulls maintain control next few weeks. 🔸Previously recommended buying low at/near 60 000 usd. trade made money. 🔸Sequence of higher lows defined by 53 000 / 54 500 / 60 000 / next higher low expecting near 62 000 / 63 000 usd. 🔸Recommended strategy bulls: accumulate on dips / wait for shallow pullback and buy low near 62 000 / 63 000 usd. target is 74 / 75 000 usd into early November. get out before US Elections. good luck. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
BITSTAMP:BTCUSDLong
by ProjectSyndicate
23
ETH/USDT Analysis Update!Ethereum shows signs of resistance near the upper trendline within a descending channel, indicating a potential pullback in the near term. Ethereum is currently testing the resistance level at the channel's upper boundary. Previous attempts to break the above have resulted in pullbacks, which could happen again if buying pressure does not increase. The highlighted yellow area is a crucial support area, where buying activity has provided consistent upside in the past. The recent price action indicates a potential bearish divergence, indicating potential downward movement if confirmed. Consider a short position if the price fails to break the resistance level. A stop-loss can be placed slightly above the resistance line to manage risk. Target the lower support area around $2,270 to $2,210 as a potential area for profit-taking. Continuous monitoring of Ethereum’s price action around the resistance level will be crucial to anticipate the next significant move. Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other coin. @Peter_CSAdmin
by CryptoSanders9563
Can Ethereum Reach a New All-Time High?Hello, traders! Let’s analyze ETH on the weekly timeframe. ETH is currently at its support trendline, and a rebound is expected soon. In the past, ETH has consistently respected this trendline, and we can expect a similar move this time. A rebound from the current price could easily target the all-time high of $4868, which would be a 128% gain from the support level. The 200 EMA is providing strong support, merging with the support trendline. The RSI indicates a hidden bullish divergence, signaling a potential positive move for ETH. Key points to note: ~ Support Range: $1950-$2523. ~ Target: $4868 (ATH). ~ RSI: Hidden Bullish Divergence. Note: Always do your own research and analysis before making any decisions. Trade safely!
Long
by Dexter_The_Trader
Is Uni(swap/chain/stake/lend/yield) going to rip faces off?!?Uniswap is already one of if not the leading application within defi. That is just as a dex. I believe that dexs have the most flexibility when it comes to crypto as it has the holy trinity of high users, volume and liquidity. Helpful for financial market application. If Unichain is a successful launch then Uni could become the centralising app within decentralised finance. This would be great for crypto and defi as provides deep liquidity and ease of use. Not to say theres no competition. This is an emerging field and who knows wholl be the yahoo or big blue let alone the google. Have to keep up to date the changing metrics but at this stage uni is still looking a leader.
Long
by SoftQuant