ETHUSDT Reclaims 200 EMA: Eyes on $2500-$2600 Resistance!Ethereum (ETH) has successfully risen above the 200 EMA on the 4 hour Chart for the first time since July. signaling a potential bullish reversal. This critical indicator often marks a shift in market sentiment, and ETH's current price action suggests we could see significant upward movement.
Currently, ETH is facing a key resistance zone between $2500 and $2600. A breakout above this level could unleash further bullish momentum, with the next target to watch being $3000, which could be within reach as momentum builds. As we monitor this potential breakout, it's important to keep an eye on volume and momentum for confirmation, as a strong push through resistance will strengthen the bullish case.
Always keep stop loss!!
Ethlong
Ethereum Price ConsiderationsHey there, Ethereum enthusiasts!
If you like my graphics, send some 💙💛
Gather 'round because we've got something to talk about.
Picture this: a pattern that blending elements of a Double Bottom and an Adam and Eve formation. This kind of pattern often signals a big turnaround.
Now, let's dive into the nitty-gritty. The chart's telling us that Ethereum is probably not going to dip below $1500, and honestly, it's looking quite sturdy around this range . Of course, just to be safe, let’s consider a scenario where Ethereum sees a little dip, but hey, let's keep our fingers crossed that it doesn’t tumble below $800.
But here’s where it gets interesting: the sweet spot is right around $2000.
If Ethereum manages to break through this level, we might just be on the road to reclaiming its all-time high of nearly $4840, a number that still echoes in our minds from the crazy days of 2021.
Now, here’s the exciting part: my optimistic side sees Ethereum soaring to a fantastic $14000, but remember, the crypto loves to surprise us.
Prices could skyrocket beyond our dreams or settle around $8000.
The road ahead is full of twists and turns, but hey, that's what makes this journey so thrilling, right?
ETH/USDT 4-Hour Chart Update:The 4-hour chart shows a descending trendline that has acted as resistance, with ETH recently bouncing back after testing that line.
Ethereum has reached the $2,625 mark but is showing signs of correction.
A highlighted zone around $2,150 to $2,250 could act as the next support level if a downward correction materializes. This range aligns with a demand zone seen on the chart.
Based on the bearish sentiment and the break from the resistance, the next move could push Ethereum toward the $2,150 area, offering a potential entry point for buyers waiting near support.
Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
ETH/USDT 1hour chart update !!Ethereum (ETH/USDT) is sharing chart updates, possibly indicating recent price actions, chart patterns, and potential price movements.
Ethereum broke out of a wedge pattern and experienced a correction after hitting resistance around $2,600. The recent surge has been testing the $2,650-$2,670 area.
The nearest support is around $2,550-$2,537, aligning with the trendline and the horizontal level.
Resistance at $2,670-$2,680, and a breakout beyond this could take the price toward the $2,700-$2,800 range, as indicated by the projection lines on the chart.
ETH/USDT is currently bullish, but looking at retracements to support levels around $2,550 could provide insight on the next move.
If you want a deeper dive into any of these price moves or chart patterns, let me know! Additionally, always ensure your trading decisions align with your own risk tolerance and market analysis.
Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
ETH BUY NOW!ETH/USDT Analysis: 4-Hour Timeframe 📊
The chart presents Ethereum’s performance against USDT on a 4-hour timeframe, highlighting key upcoming dates for potential market movements based on predictive indicators.
🟢 BUY NOW
🔴 September 25, 2024 - Sell Date (Red Line):
This date suggests a potential local top for Ethereum, indicating an opportunity to take profits or close long positions as the price could potentially reverse downward after this point.
🟢 September 30, 2024 - Buy Date (Green Line):
This date forecasts a potential local bottom for Ethereum, signaling an ideal time to accumulate ETH or enter long positions before a potential upward price movement.
🟢 October 4, 2024 - Buy Date (Green Line):
This date predicts another local bottom, offering another buying opportunity as ETH’s price could rise after this period.
🕒 Note: All times are based on Los Angeles time (UTC -7). Please allow for a potential margin of error of 1-2 candles for each prediction. Be sure to cross-reference with additional indicators and market context before making trading decisions.
ETH/USDT on the 1-hour chartThe price recently broke out from a wedge pattern but has faced a minor correction after hitting resistance around $2,600.
The price is now retracing back to test the breakout level.
The nearest support is around $2,550-$2,537, indicated by both the trendline and the marked horizontal level.
ETH could continue its retracement toward the support, followed by another attempt to test the $2,670-$2,680 resistance zone.
A successful breakout beyond this zone could push prices toward the $2,700-$2,800 range, as drawn in the projection.
Let me know if you'd like further details on these charts!
Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
#ETH/USDT#ETH
The price has broken the descending channel on the 1-day frame upwards and is expected to continue
We have a trend to stabilize above the moving average 100 again
We have an upward trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 2200
Entry price 2400
First target 2750
Second target 3205
Third target 3740
Ethereum is a dealEvening mate , i gave you eth at 1600$ but once again i see a chance to accumulate this giant.
Price right now is on a very strong support which we can also consider as a retest. There’s a massive pitchfork i see which causes candles to react beautifully, as you see we are hitting the floor atm .
I think buying eth now is like buying eth below 500$ in the last cycle, it also indicates a good reversal signal for altcoins as well .
Love you all .
Daddy sharkie :)
ETH/USDT Technical Analysis Overview:ETH has bounced off a significant support zone near 2,100-2,300 USD (brown-shaded area). This zone has previously acted as a strong support and the price seems to have respected it once again.
ETH is currently trading around 2,548 USD, showing a strong upward movement with a recent breakout above a descending trendline.
Resistance and Support:
The red-shaded area at the top of the chart, between 3,800-4,200 USD, is a major resistance zone. This level has previously rejected ETH, so breaking through this area will be key for further upside momentum.
Support is clearly defined around the 2,100 USD mark, which ETH has bounced off multiple times.
The yellow moving average suggests a potential shift toward a bullish trend, with price action starting to close above it.
ETH has broken above a descending resistance trendline, indicating a potential bullish reversal.
Based on the arrow in the chart, the projection suggests a bullish run toward the 3,200-3,800 USD range if ETH continues this momentum. However, it will face key resistances of around 2,800 USD and 3,050 USD before challenging the upper resistance zone.
The chart suggests a positive outlook for ETH, as long as it maintains support above the 2,400 USD level. If momentum continues, it could retest key resistance levels higher up.
Would you like further details or updates on this?
Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
ETH 2317 Long. The coin came to the upper levelEntry Level: Monitor ETH at the current level of 2306.52. Add it to your watchlist and look for a familiar trading pattern or entry signal.
Targets:
1st Target: 2396
2nd Target: 2565
Leverage: Use a leverage range of 20-50X for this trade.
Stop Short: This suggests having a plan for exiting the position, especially if the price action doesn't move as expected.
Make sure to manage risk carefully, especially with high leverage, and adjust your stop-loss according to your risk tolerance. Happy trading, and keep an eye on the market movements!
ETH/USDT Technical Analysis Overview:ETH/USDT is currently trading within a descending wedge pattern (marked by converging white trendlines). This pattern typically suggests a potential bullish reversal upon a breakout to the upside. The price is approaching the apex, indicating that a breakout could occur soon.
There is a strong horizontal support zone around $2,100 to $2,200 (highlighted in brown). This level has been tested multiple times and continues to act as a solid base, preventing further downside.
The immediate resistance lies along the upper trendline of the descending wedge, around $2,400.
A breakout above this trendline could lead to a move towards higher resistance zones near $2,660 and beyond.
ETH is trading at $2,358.66, up 1.53%. The price has bounced from the lower trendline and is making its way towards the upper boundary of the wedge.
If ETH breaks out of the descending wedge, the first target would be around the $2,500-$2,600 zone. A sustained move above this level could trigger a larger rally towards the $2,780 level, aligning with prior highs.
If ETH fails to break out and drops below the $2,100 support zone, further downside could be expected, potentially retesting levels closer to $2,000 or below.
Including indicators like RSI or MACD could help gauge the strength of the potential breakout and provide additional confirmation of the trend
ETH/USDT is currently in a descending wedge pattern, with a bullish bias if it manages to break above the upper trendline resistance around $2,400. The key support at $2,100-$2,200 remains crucial for bulls to maintain control. Monitoring the price action around these critical levels will be essential for confirming the next major move.
Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
ETH/USDT Trading ScenarioAs of writing, the asset is trading near the support level of $2130. This level was established following a sharp decline and an attempt at a quick recovery.
If this level is breached, further price drops are likely, with the next support level being the significant volume-based Point of Control level at $1585.25. This zone is attracting heightened attention from market participants, which may contribute to a price rebound.
A break below the $1585.25 level could be seen as a potential buying opportunity, both for speculative and long-term investment purposes.
$ETH | Buy Trade | Market Exec | Technical Confluences:
- Price action bounced off the 150% Fibo Extension & 61% Fibo Retracement
- Price action is at an Interest Zone area
Fundamental Confluences:
- Nothing much happening in the Crypto space at the moment and it will follow general market sentiment
- The main mover for Crypto space now will be on the FED interest rate cuts which cheapens cost of money and the US election
-----
Will be entering an entry here for CRYPTOCAP:ETH & target the $3,244 levels.
Will cut the position if it breaks the $2047 levels and will buy again if it's close to the support trendline and the Demand Zone.
-----
ETH/USDT Daily Analysis: Ethereum is trading around $2,368, attempting to rebound from the lower boundary of a descending channel. The price has respected the support zone between $2,150 and $2,250, which is marked by the brown shaded area on the chart.
The red-shaded area between $4,000 and $4,600 is the major resistance zone. A breakout above this zone would be a strong bullish signal, potentially leading to a continuation towards higher levels.
Key support is currently at the brown zone between $2,150 and $2,250. A failure to hold this level could result in Ethereum testing lower support of around $2,000 or potentially the channel's lower trendline.
A successful hold above the current support and a break above the descending resistance trendline could see Ethereum targeting $3,000 and beyond. Positive signals from momentum indicators would further confirm a bullish trend continuation.
If Ethereum fails to maintain its position above the current support and falls back into the descending channel, it could retest the lower support zone around $2,150. A further breakdown below this level might open the path towards $2,000 or lower.
Ethereum is showing a potential rebound from key support, but confirmation of a breakout above the descending trendline is needed for a bullish continuation. Keep an eye on momentum indicators and broader market conditions for further clues.
Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
ETH (Crypto ETHEREUM) BUY TF H1 TP = 2391.45 On the H1 chart the trend started on Sept. 7 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 2391.45
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
ETH/USDT Weekly Update:The weekly chart of ETH/USDT shows a strong ascending trendline support that has been respected over the past several months.
The price is currently testing this trendline support near the $2,300 level, suggesting a potential bounce from this key support area.
The primary support level is the ascending trendline around $2,000 to $2,300. Holding this level is crucial for maintaining the bullish structure.
A major resistance zone is highlighted between $4,200 and $5,000. This area has acted as a significant supply zone in the past and is likely to be a major obstacle to further upward movement.
If ETH can hold above the trendline support and gain momentum, a potential rally toward the $4,200 to $5,000 resistance zone could occur. This would align with the chart's upward arrow, indicating optimism for a continued upward move.
If the price fails to hold the support and breaks below the trendline, we might see a deeper correction, potentially testing lower supports around $1,700 to $2,000.
A weekly close above $2,400 with increased volume would provide a strong bullish confirmation, suggesting a higher probability of testing the $4,200-$5,000 resistance zone.
Monitoring RSI, MACD, or other momentum indicators on the weekly timeframe could provide additional confirmation of a potential trend reversal or continuation.
The presence of a large upward arrow on the chart indicates a bullish sentiment, expecting a rebound from the current levels.
Broader market conditions, Bitcoin's price action, and macroeconomic factors will also play significant roles in ETH's price trajectory.
Traders should consider setting stop-loss orders below the ascending trendline or the $2,000 level to manage downside risk effectively.
Regularly review and adjust positions based on evolving market conditions and price actions near key levels.
This weekly update outlines the critical levels and scenarios for ETH/USDT, highlighting the importance of the ascending trendline support for the continuation of the bullish outlook. Watch for confirmation signals and stay aware of market influences that could affect ETH's performance.
Disclaimer: This is not financial advice. Stay updated with market movements and adjust your trading strategy accordingly. Keep an eye out for further updates and analysis. Thank you!
$ETH Bounces Off Key Support: Reversal Ahead?
Ethereum Weekly Update
Ethereum (ETH) is showing a promising bounce from a significant support zone, ranging between $2,000 and $2,150. This area has acted as a key level of support since mid-2022, and it continues to hold strong. Additionally, this zone aligns with a crucial ascending support line that has supported the price for nearly two years.
On the 3-day chart, ETH has rebounded from a "golden pocket," a technical term that refers to a major support area in the price range of $2,150 to $2,200. Given the confluence of these factors, it's highly likely that Ethereum will maintain support in this range for the near term, although we need more confirmation to signal a full bullish reversal.
Looking at the daily chart, we’ve just seen the first sign of bullish divergence. This occurs when the price makes a higher low while the RSI (Relative Strength Index) does the same, indicating growing bullish momentum. We’ve confirmed this with one green candle close and a higher low on the RSI. If we see another daily candle close in green, it would give further confirmation of bullish strength.
However, despite these early signs of a possible reversal, the larger trend for Ethereum still remains bearish. This means that while we may see some short-term price relief or consolidation, we haven't yet confirmed a longer-term bullish trend. Over the next few days or even weeks, we could expect the price to either consolidate sideways or experience a small upward relief, but we need more signals to confirm a sustained uptrend.
#Crypto