Ethereum nice entry to long1h time frame
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Ethereum creating a bullish flag
This trading plan is based on the third retest on lower downtrend.
Entry around 1760~1753
Target 1866
SL 1744
Ethereumforecast
Ethereum (ETH) is on the edge of collapse!Hello, my dear friends!
As you know, I am bearish on the entire crypto market and Ethereum is not an exception. It's waves formation looks like we have seen on Bitcoin. Therefore, I expect the same outcome in the upcoming weeks.
During May 2023 BINANCE:ETHUSDT is stagnating very very slowly. It looks like annoying downward sloping sideways. Perfectly, I expect to see the huge dump next week, because bears have to confirm their intentions. I am sure that uptrend is over because we can see the clear 5 waves structure, the divergence on the Awesome Oscillator. If the first dump was the wave 1, it means that now asset is printing the wave 3. The wave 3 ordinary target is locatet at 1.61 Fibonacci extension, approximately at $1450😱.
If price will reach this target, we also see the key trend line breakdown. Last time price immediately bounced off this trend line, but this time I consider the bad time for ETH. We also should talk about the scenario invalidation. We have the countertrend line. If price will be able to break it my scenario is wrong and current dump is just a correction.
Best regards, Ivan
______________________________________
❤️Follow me and never miss the update❤️
$ETH has Bull Power! - $2050 soonHello and welcome. I have drawn and abbreviated ethereum and its stances what can happen.
What is most likely to happen is it may again retrace back to its parallel channel and do a great move till $2050 where the channel finishes. Also we can see some fakeouts below, so idle buying range is here for a positional trade and soon may lift off! Need to sustain $1860 for more power
ETH/USDT failing to break out. Support becomimg new resistance!⚠️ This is NOT an analysis or to ve considered financial advice ⚠️
My focus is more on the software side of blockchain & I am no expert analyst. With that said & such short extra time in my days to spend on technical/fundamental/chain/sentimebt analysis; here is my near-future prediction 👇
Volume is too low for what the market needs to push the price further up, imo. Overall, the sector is facing many other challenges—the hacks on centralized & also decentralized exchanges/protocols, projects going bankrupt, meme coins putting out bad vibes—nothing out of the ordinary for cryptocurrencies. If i had to guess, it would be for the newcomers & institutional investors playing the slow game; seems like the majority of them are waiting on more clarification on SEC issues, industry regulation, & the near-future + continuation of the "inflation crisis".
Based on these factors above that I've seen in articles over these last few months & the overall volume being low (besides the occasional large buy-ins/sell-offs)
I believe there is not enough bull power in the market, to keep these current support levels & we will likely see a dip to around 1600-1650 before any new major support levels increase.
📈Ethereum pull back to the trend-line📉BINANCE:ETHUSDT
COINBASE:ETHUSD
Hey everyone, first take a look at my previous analysis and positions.
Along with the analysis of Bitcoin, Ethereum can also continue its upward trend up to the 1854$ level.
According to Ethereum's pullback pattern, the price can continue its downward trend until the level of 1694.
If the price stays above the 1854$ level, Ethereum's upward trend will continue.
Please share ideas and leave a comment
let me know what's your idea.
CrazyS✌
Ethereum highest price in this bear4h time frame
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We see a potential harmonic structure(shark pattern) on 4h time frame.
The potential reversed point is around 2195
Plus, if measre the price pumped range from the wedge structure, we can also have the same price around 2195
We might see Ethereum reach 2195 soon, and do not be FOMO there.
Stay prepared to open short!
ETHUSD - Sharp RiseA sharp rise following a curved trend
I think BTC is going to 700K so naturally ETH will follow
Attaching some relevant ETH charts
Ethereum -> Wait For The Clean BreakHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Ethereum is once again retesting previous weekly structure exactly at the $1800 level which is now turned strong weekly support.
You can also see that the overall market structure and moving averages are still bullish, in my opinion the whole crypto market and especially Ethereum is ready for a bullrun, so I simply do expect more continuation towards the upside.
On the daily timeframe however you can see that daily market structure turned bearish with yesterday's break below support so I am now just waiting for a simple break back above the structure which is then turned support and then I do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
📈Ethereum fake bullish scenario📉BINANCE:ETHUSDT
COINBASE:ETHUSD
Hey everyone, first take a look at my previous analysis and positions.
Along with the analysis of Bitcoin, Ethereum can also continue its upward trend up to the stop-hunt range if the price stays above the 1854 level.
Consider the impact of the ADP Employment Change & ISM Services PMI & Fed Interest Rate Decision.
5.25% or even lower can pump Btc and Eth.
Please share ideas and leave a comment,1
let me know what's your idea.
CrazyS✌
ETH next supportsBTC has stopped rising and started a consolidation since touching 30K and so did altcoins.
Next viable supports of ETH as a leader for altcoins are depicted in this post.
keep in touch to ask your questions.
Ethereum - 6 Possible Scenarios 🧠What's up, traders! In today's market breakdown, we're mapping out our latest levels to watch for on the ETH 30m chart.
Let's dive right in...
Ticker: ETHUSDT
Date: 05/10/23
Timeframe: 30min
Supply: 1875-1890 (1st red zone), 1915-1935 (2nd red zone)
Demand: 1780-1820 (green zone)
Commentary:
Major crypto as of 4PM ET stands exactly where it was before CPI data. Crypto has mainly followed the futures (ES and NQ) with price action today - rejecting supply levels to test major demand and then rallying back to break supply levels.
If major crypto is to continue following the futures, we are to see continuation on this move up. With the major pullback that we have seen since last Friday, the risk to reward also favors bullish bias.
With that in mind, however, we need to be option to trade all sides and there are a few scenarios we could target from here:
✅ Bullish Scenario 1: you want to see price pull back into the demand zone ~1780-1820 and buyers to emerge again for an upside move, possibly into ~1875-1890 supply or higher. This is the safer upside play.
✅ Bullish Scenario 2: you want to see price break above ~1875-1890 supply zone, pull back to retest this zone and turn it into demand to catch a break and retest for a further upside move, potentially into supply at ~1915-1935.
✅ Bullish Scenario 3: you want to see price rally and break both supply levels, pull back to retest ~1915-1935 zone and turn it into demand to catch a break and retest for a further upside move potentially into last weekend's highs.
🟥 Bearish Scenario 1: you want to see price move up and approach supply again at ~28650-28890, sellers to regain control and possibly catch a retest of this supply zone into demand at ~27660-27960 again. This will be the safer downside play.
🟥 Bearish Scenario 2: you want to see price break demand here at ~27660-27960, retest and turn this demand into supply, and find weakness again for a move into ~26500-27000 demand.
🟥 Bearish Scenario 3: you want to see price break demand at ~26500-27000, retest and turn this zone into supply for a further downside move into ~25300.
That's all we got for you in this one.
So what do you think? Are you bullish or bearish?
Let us know in the comments below!
We'll see you in the next one.
-The AlgoBuddy Team
Ethereum to find buyers at market levels?Ethereum - 24h expiry - We look to Buy at 1831 (stop at 1781)
Daily signals are mildly bullish.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Buying was posted yesterday but levels close to bespoke resistance of 1880 have found sellers.
We look to buy dips.
Our profit targets will be 1951 and 1971
Resistance: 1860 / 1900 / 1935
Support: 1840 / 1820 / 1800
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Ethereum - my trading plan revealed!Hello, everyone!
In my opinion Ethereum is showing much more interesting potential setups than BTC. Today I am going to show you my trading plan for $BINANCE:ETHUSDT. As you already know from my previous analysis I expect huge dump on Bitcoin and entire cryptomarket in the upcoming days.
Looking at the price chart I can conclude that ETH has finished it's corrective wave represented as a zigzag ABC. Now it's printing the impulsive wave 3. Wave 1 inside this wave has been already finished. I assumed this because we can see the reversal bullish squat bar at the very bottom. Now I am waiting for this bullish bar confirmation to open long trade with the target at 0.61 Fibonacci retracement, approximately at $1940. This trade is risky because it's trading on corretive waves, but I will take it.
From $1940 I expect the impulsive wave 3 which can reach even $1654. I am also going to catch this move.
Best regards, Ivan
__________________________________
Follow me and never miss an update👍
ETHUSD - Third Test of Middle Channel LineThe middle line within an up channel
third test it looks like the bears are strong but strong bounces have been seen off the line already
Perhaps the bulls will maintain the middle line?
4Hr Chart
Ethereum critical support 18352h time frame
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Ethereum creating a rising channel, the next critical support is around 1835
We can set a good trade there, and target is 2030
Ethereum -> BoooomHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Ethereum is currently retesting and already rejecting a quite obvious previous weekly structure area at the $1900 level.
You can also see that weekly market structure is overall massively bullish, moving averages are also pointing towards more upside potential so I am now just waiting for any retracement before I then do expect a retest of the next resistance level at the $2400 area.
On the daily timeframe you can see that over the past couple of days Ethereum actually created a bullish double bottom and with today's candle Ethereum is perfectly breaking above the neckline at the $1930 level, so I am now just waiting for a retest of the neckline before I then do expect more upside continuation.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Ethereum as we predicted (pump this week)Potential reversed level as analysis on chart
Stay prepared
ETH is preparing for a BIG BOUNCE!!!Technical Analysis:
- In weekly, ETH is doing wave ((1)) in black
- In short term, ETH is doing wave 2 in red
- H1 right side is turning down
- H4 right side is up
Technical Information:
- If you're a Swing Trader, you can buy wave 2 in red around 1,670
- If you're a Position Trader, you must wait for wave ((2)) in black around 2,000
Ethereum potential reversed price is 22002h time frame
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Refer to the previous structure from Mar 27 to April 17
We can easily predict the next trend of ETH
Still have the potential to create harmonic pattern in near future.
With this analysis, timing to open short will be around 2200
Get ready for it!
Ethereum ETH Price Targets after the FOMC meeting this weekThe upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments.
The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak.
Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the financial situation is much steadier.
Additionally, inflation remains elevated, and with evidence of stubbornness in underlying inflation, it could be in the 4% to 5% range, far above the 2% inflation target. The markets are pricing in a 25bp Fed Funds rate hike to 5.25% at the May FOMC meeting, and given the steadiness in financial markets, persistence in price pressures, and continued decent activity, this could contribute to a further downturn in the crypto market.
ETH/USDT short
Entry Range: 1800 - 1950 usd
Take Profit 1: 1710 usd
Take Profit 2: 1620 usd
Take Profit 3: 1480 usd
Stop Loss: 2150 usd
Ethereum ETH Price Targets after the FOMC meeting this weekThe upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments.
The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak.
Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the financial situation is much steadier.
Additionally, inflation remains elevated, and with evidence of stubbornness in underlying inflation, it could be in the 4% to 5% range, far above the 2% inflation target. The markets are pricing in a 25bp Fed Funds rate hike to 5.25% at the May FOMC meeting, and given the steadiness in financial markets, persistence in price pressures, and continued decent activity, this could contribute to a further downturn in the crypto market.
ETH/USDT short
Entry Range: HKEX:1800 - 1950
Take Profit 1: HKEX:1710
Take Profit 2: TSE:1620
Take Profit 3: TSE:1480
Stop Loss: TADAWUL:2150
Ethereum Best Short timing2h time frame
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Ethereum still creating a potential harmonic pattern as previous analysis
We might go to 2190 soon, and there will be a potential reversed price as marked.
Ethereum -> Wait For The BreakHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Ethereum just recenly broke above a major previous weekly support/resistance area exactly at the HKEX:1900 level which is now turned strong support.
You can also see that weekly market structure and also weekly moving averages are bullish and therefore pointing towards more upside potential, so I am now just waiting for some bullish rejection at the zone before I then do expect a next weekl rally towards the upside.
On the daily timeframe however you can see that we have the potential to actually create a regular head a shoulders, generally speaking a bearish pattern, so I am now just waiting for some bullish market structure before I then also do expect a next bullish impulse on the daily timeframe.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
