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ETH - Preparing for the ETF launch THIS WEEK MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here Even tho the bull market is here ETH has not fully mooned yet there is still time to buy on DIPS . The market has just hit a critical level . This is a bullish structure and dips are buys, when these dips happen ETH can start its move higher . This needs to be watched carefully. ETH can get very bullish with this ETF launch so we need to watch carefully Please watch the video for more information
COINBASE:ETHUSDLong
by MartyBoots
ETH/USDT CHART ANALIYSIS !!Ethereum (ETH) against Tether (USDT) on Binance shows notable price action within a descending channel. The price is currently at $3,112.96, showing a slight increase of +1.51%. ETH has been trading within a descending channel since early April. The price bounces off the lower boundary and moves towards the upper boundary. The price found strong support in the $2,900 - $3,000 range. The 200MA (green line) acts as significant resistance above the current price. Additionally, the upper boundary of the descending channel serves as another resistance level. A horizontal supply zone around $3,100 to $3,200 is creating selling pressure. The price was rejected at this level previously and is now attempting to break through again. The 200-day moving average (200MA) is currently above the price and acts as resistance. A breakout above the 200MA would be a bullish signal. Volume: Although not shown in this chart, volume is crucial in confirming breakouts or breakdowns. High volume on a breakout above the 200MA would strengthen the bullish case. Scenarios to Watch: A breakout above the 200MA and the upper boundary of the descending channel would confirm a bullish trend. The next resistance levels to watch would be around $3,400 and $3,800. A breakdown below the support zone and the lower boundary of the descending channel would indicate further downside. Key support levels below the channel would be around $2,700 and $2,400. The price could also consolidate within the current range of $2,900 to $3,200, forming a base before a decisive move. Indicators and Signals: Monitoring RSI can help identify overbought or oversold conditions. MACD (Moving Average Convergence Divergence): Crossovers in MACD can signal potential trend reversals. ETH is rebounding from the support trendline and testing the 200MA Watch for a breakout above the 200MA or a breakdown below the support trendline. $3,200 (supply zone), $3,400, $3,800. $2,900, $2,700, $2,400. Stay alert for high-volume moves to confirm breakouts or breakdowns. This will provide a clearer direction for the next significant price action. Feel free to ask for a more detailed analysis or additional charts! Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
Long
by CryptoSanders9563
1
Ethereum Daily OutlookETHUSD trades below the $3000 level due to risk aversion. It hit a low of $2822 yesterday and is currently trading at around $2970. According to Bloomberg reports, ETH ETF will commence trading by Jul 15th, 2024. The intraday bullishness is possible if it holds above $3200. On the higher side, the near-term resistance is $3200. Any significant jump above the target is $3520/$3700/ $4000/$4500/$5000. Significant bullish continuation only above $4800. The immediate support is around $2800. Any breach below $3100 confirms bearish continuation. A dip to $3000/$2800 is possible. A violation below $2800 will drag the Ethereum to $2500/$2300/$2000. It is good to buy on dips around $2850-60 with SL around $2750 for TP of $4500.
BITSTAMP:ETHUSDLong
by adiechiii
1
ETHUSD: Thoughts and Analysis Today's focus: ETHUSD Pattern – Support formation Support – 2800 - 2880 Resistance – 3073 Hi, traders. Thanks for tuning in for today's update. Today, we are looking at ETHUSD on its daily chart. The key question we are asking today is: Has price started to find key support, or are we set to see one more low? For now, buyers contnue to hold firm from 2800. Has the Mount Gox news been overdone, or will this new supply dump continue to push coins lower? Good trading.
EIGHTCAP:ETHUSD
by Eightcap
1
ETH long spot TradeETHUSD Elliott Wave Technical Analysis Mode: Corrective Structure: Flat Position: Wave (c) of (iv) Direction: Wave (c) of (iv) is still in play Details: Wave (b) ended around 3878 and now Wave (C) is in play which I expected to be end around 3050-2870 which will be my entry point. Next Direction: Wave (v) which will complete the next higher Degrees Wave (3) Target: 2640-2700 with 50% profit Wave Cancel invalid level: Daily closing below 2717 with 10% loss Disclaimer: This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.
Long
by ahmadsaad83
4
ETH/USD at Critical Juncture:Overview: The daily chart provides a more granular view of the recent price action and highlights shorter-term trends and key levels for COINBASE:ETHUSD Key Technical Points: 1. Trendline and Channel Patterns: - The price is navigating within a smaller descending channel within the larger weekly channel. - A breakout from this descending channel could signal the start of a new bullish phase or continuation of the downtrend. 2. Fibonacci Retracement Levels: - The daily chart also respects the Fibonacci retracement levels, with the 0.618 retracement at around $3,700 acting as recent resistance. - The 0.5 and 0.382 levels at $3,121 and $2,820 respectively, are crucial for determining the next price direction. 3. Moving Averages: - The daily 50MA has been a critical level of resistance recently. The price needs to break and hold above this moving average to confirm a bullish reversal. - The daily 200MA is providing long-term support and is currently around the $2,820 level. 4. Volume Analysis: - Volume spikes have coincided with key price movements, indicating strong interest at critical levels. Conclusion The daily chart indicates a struggle with resistance around $3,121. A break above the 50MA and 0.618 retracement would confirm a bullish reversal. Support at $2,820 is key for maintaining the bullish outlook; otherwise, lower levels might be tested.
COINBASE:ETHUSD
by CryptoFallen
Swing Trading Ethereum with Bullish Signs on Weekly ChartsThis analysis explores the potential for swinging Ethereum (ETH) based on its price movement against Bitcoin (BTC) on weekly charts. While this strategy takes a long-term view (weeks to months), it highlights bullish indicators suggesting significant upside for ETH. Fundamental Optimism for Ethereum ETFs The anticipation of a positive decision on Ethereum ETFs fuels long-term optimism for the asset. Increased institutional adoption through ETFs could significantly boost ETH prices. Technical Analysis on Weekly Charts • Momentum Indicators: o RSI: A strong bullish divergence on the weekly RSI suggests a potential altcoin season on the horizon, favoring altcoins like ETH. o MACD: A bullish crossover on the weekly MACD, combined with strong bullish divergences and histograms, further strengthens the bullish case for ETH. • Weekly Trend Line: ETH has broken its downtrend on the weekly chart, indicating a potential shift towards bullish momentum in the coming months. • Price Action: o Golden Pocket & FVG: ETH has captured significant liquidity within the 70% Fibonacci retracement level, and shifting it structure forming breaker block with fvg is quite bullish sign. o Stalling in Breakout Zone: ETH is currently consolidating within the breakout zone. If it holds this area, a retest of the 2021 highs becomes a realistic target, offering a favorable risk-reward ratio. Key Levels to Watch: • Support Levels: Monitor the 0.050btc and 0.045 btc zones for potential pullbacks. These levels could act as strong support. • Resistance Levels: Key resistance levels include $0.060 and $0.070. Breaking through these could confirm a sustained bullish trend. Volume Analysis: • Increased trading volume during uptrends would confirm the strength of the bullish move. Watch for volume spikes that align with price increases. Market Sentiment: • Overall market sentiment, macroeconomic indicators, and regulatory news could impact ETH's performance against BTC. Stay updated with the latest developments. Risk Management: • Diversification and risk management are crucial. Ensure ETH forms part of a broader investment strategy with defined stop-loss levels. Scenario Analysis: • Bullish Scenario: If ETH breaks through key resistance levels and maintains higher trading volumes, the bullish trend could lead to retesting 2021 highs. • Bearish Scenario: If ETH fails to hold support levels and breaks below the invalidation point, reconsider the bullish thesis. Conclusion: Including ETH in a portfolio appears to be a promising long-term strategy based on both fundamental and technical factors. However, this analysis serves as an example of the thought process and should not be considered financial advice. Always conduct your own research before making any investment decisions.
Long
by Crypto_Byte9
Ethereum Poised for Strong Performance in Second Half of 2024During the first half of this year, Ethereum has closely mirrored Bitcoin's performance, with both cryptocurrencies showing approximately a 45% increase year-to-date. As we move into the latter half of 2024, the burning question for many investors is which of these digital assets will take the lead. Earlier in May, Bitcoin seemed the obvious choice. However, recent setbacks for Bitcoin have shifted the spotlight towards Ethereum. Several factors now suggest that Ethereum may see significant gains, even if Bitcoin continues to trade steadily. One of the pivotal developments in the crypto landscape for 2024 has been the introduction of spot exchange-traded funds (ETFs) for Bitcoin, which have been available since January. Recently, Ethereum has gained traction with its own ETFs. The Securities and Exchange Commission (SEC) approved new spot ETFs for Ethereum at the end of May, adding a new dimension to its investment appeal. The impact of these ETFs remains uncertain. They are anticipated to commence trading this summer, potentially attracting up to $3 billion in investments. JPMorgan Chase offers a more conservative estimate of around $1 billion. While this is significantly less than the $30 billion flowing into Bitcoin ETFs, the introduction of Ethereum ETFs is expected to have a notable influence on its market dynamics. Ethereum continues to assert its dominance across crucial blockchain sectors, notably decentralized finance (DeFi), where it commands over 60% of the total value locked (TVL) globally. This starkly sets it apart from competitors like Solana, Cardano, and Avalanche, none of which come close to challenging Ethereum's position. Market performance underscores Ethereum's strength. While Ethereum has shown robust growth, with Solana up 35% and Sui up 9%, other contenders have struggled. Aptos has declined by 28%, Cardano by 32%, and Avalanche by 33%. Regulatory clarity further bolsters Ethereum's appeal. Despite earlier concerns about a potential SEC investigation into Ethereum's status as a security, recent statements indicate the SEC is closing any such inquiry. This clarity alleviates concerns for risk-averse institutional investors, potentially unlocking substantial capital inflows into Ethereum. Moreover, Ethereum's long-term disruptive potential remains compelling. Over the past decade, Ethereum has consistently pioneered new applications within the blockchain space. Ongoing technological advancements continue to enhance its capabilities, particularly in sectors like DeFi, where Ethereum's efficiency in managing financial assets on the blockchain offers clear advantages over traditional systems. Investment firm VanEck anticipates significant growth for Ethereum, particularly in DeFi, projecting a potential valuation of $22,000 per token by 2030, which could translate to a market cap exceeding $2 trillion. Such growth potential positions Ethereum favorably alongside top Silicon Valley companies in terms of market valuation. Despite these strengths, Ethereum faces challenges from emerging blockchain competitors like Solana, which threaten to diminish Ethereum's once-formidable economic moat. Nonetheless, Ethereum appears poised to be a standout investment in the latter half of 2024, especially if new ETFs catalyze further market enthusiasm for the cryptocurrency. ✅ Please share your thoughts about ETHEREUM in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
COINBASE:ETHUSDLong
by FOREXN1
1
150x Potential on Tokenfi's TOKEN [LONG]Hello Traders, RWA AKA tokenizing "Real world assets" will be one of the next major breakthroughs in the fintech industry. From the team at FLOKI Coin they've created Tokenfi's TOKEN cryptocurrency which handles all the payments for tokenizing assets on all of the major blockchains. In the last couple of months the team completed thorough updates to bring tokenization of real world assets to every major blockchain. In one regard you can create your own cryptocurrency with a click of a button. As well as NFT projects. You can tokenize just about anything and with thorough and complete updates in the coming releases they are always adding quality over quantity to their code. This project is a first of its kind. People in the fintech industry have been talking about tokenizing real world assets for a couple of years now. The team at FLOKI and Tokenfi are the first to make this a possibility. Just a few months ago it was only for three block chains. Now they have almost every major blockchain. This is a sign of amazing things to come with future updates. As we look at the PMARP indicator on the daily chart we can see projections almost like the RSI where it is at an oversold time. This is already bringing in big investment money as you can see from the chart. I remember when TOKEN first started and I told you to invest at two cents. It already hit 22 cents from there. It went down to 5.8 cents and then back up to 17 cents. This correlates with Bitcoin. When Bitcoin goes up like it will by the end of the summer or sooner we will see TOKEN go up in a major way. Just take a look at the chart. At every moment when you see it is oversold on the PMARP indicator or the RSI indicator you can see that it made amazing gains! With a 78 million dollar market cap heading into a 3 billion dollar a year NEW industry the price of token could easily hit 50 cents, $1 even $2 and so on. So make sure to set aside investment for TOKEN cryptocurrency and remember to shout me out for who told you first. Love Rocket
UNISWAP:TOKENWETH_C7E6B6.USDLong
by Henrywaters
ETH Is Getting Ready To Pump!Comparing the BTC and ETH charts after ETF approval: Following Bitcoin ETF approval, the price initially dropped in a classic "buy the rumor, sell the news" scenario. However, after ETF trading began and inflows increased, the price pumped. We're seeing a similar pattern with Ethereum. After the recent ETF approval, the price dipped, but a correction might already be underway. With Ethereum ETF trading expected to start on July 2nd, potential inflows could propel the price upwards. Reagrds Hexa
Long
by HexaTrades
Bullish Outlook for Ethereum (ETH/USD)COINBASE:ETHUSD In this chart, we analyze the weekly price action of Ethereum (ETH/USD) using Elliott Wave Theory. The chart shows a clear wave structure, indicating potential future price movements. Wave A (2022 Downtrend): Ethereum experienced a significant decline, marking the completion of Wave A. This wave is characterized by a sharp drop in prices, indicating strong bearish sentiment. Wave B (2022-2023 Correction): Following the decline, Ethereum entered a corrective phase, forming Wave B. This phase shows a temporary recovery but doesn't surpass the previous high. Wave 1 of C (Early 2023 Rally): Wave 1 initiates the start of a new bullish cycle. Ethereum begins to recover, showing a strong uptrend with increasing investor confidence. Wave 2 (Mid-2023 Pullback): Wave 2 is a corrective wave, characterized by a pullback in prices. This wave often retraces a portion of Wave 1, offering a buying opportunity. Wave 3 (Late 2023 Surge): Wave 3 is typically the most powerful wave in the Elliott Wave structure. Ethereum experiences a robust rally, surpassing previous highs and indicating strong bullish momentum. Wave 4 (Early 2024 Consolidation): Wave 4 is a consolidation phase, where prices stabilize and form a base. This wave often exhibits sideways movement, preparing for the next upward thrust. Wave 5 of C (2024 Bullish Continuation): Wave 5 marks the final leg of the bullish cycle, leading to new highs. Ethereum is expected to reach its all-time high (ATH) during this wave, driven by strong market sentiment and fundamental factors. Subwaves within Wave 5: Detailed subwaves within Wave 5 show the intricate price movements and corrections. These subwaves help in identifying potential entry and exit points for traders. ⚠️ This analysis is not financial advice and is intended for educational purposes only. Traders should do their own research and consider their risk tolerance before making any trading decisions.
BINANCE:ETHUSDLong
by Trwin