ETH global trend since 2015BITSTAMP:ETHUSD
Possible Targets and explanation idea
➡️Trend based fib extension
➡️Amazing test 0.5 level
➡️If we dont drop again under 1420 we Have an all chances to close 0.78 lvl this year 2535 and move forward to the next targets.
➡️Targets conservative but just to be honest i dont think ETH will reach 10K next bull run
➡️ And yes everything that simple because crypto its a code and algorithm
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Ethlong
Ethereum's Bullish Momentum to Start Back: New ATHs by Year End?This optimism is fueled by findings from the Elliott Wave 2.0 analysis, which provides insights into market patterns and potential future movements.
Elliott Wave 2.0 Analysis
Elliott Wave Theory is a popular method used to predict market trends by identifying recurring price patterns. The updated 2.0 version offers enhanced interpretations, taking into account more complex market dynamics. According to this analysis, ETH's recent surge is part of a larger bullish wave, indicating potential for further growth.
My current trajectory and market conditions suggest that Ethereum could reach new ATHs by the year's end. However, it's important to consider potential risks, such as potential changes in macroeconomic factors, which could impact the crypto market. however I firmly believe all this recent drawdown was only a healthy correction and the way forward for cryptos are only up.
ETH/USDT 1-day chart update:! ETH/USDT 1-day chart update:
ETH has broken below a crucial support level, indicating potential further declines.
The price is close to a crucial ascending trendline, which could act as
a bounce back with potential resistance around $2,800 if the trendline holds.
If the trendline fails, the price could drop to around $2,000.
Monitor trading volumes to gauge the strength of the current move.
Check RSI levels for oversold conditions, which could signal a potential reversal.
Traders should remain cautious and keep an eye out for any signs of trend reversal or continuation.
Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
ETH - Short-term long, long-term bearishETH - Short term, bullish as fear works it's way out of the market and we hit oversold levels. I foresee ETH attempting to get to it's main moving averages and the 50 DMA, but we are very close to a Death Cross on the daily so any bounce I expect will be short-lived.
#ETH/USDT WEEKLY CHART ANALIYSIS !The ETH/USDT weekly update shows a bearish breakdown below a key support level, with the price currently at $2,502.09. Ethereum is approaching an ascending trendline, a crucial support level. Failure to hold this level could cause the price to drop to around $2,000. Conversely, a bounce off this trendline could face resistance at the previous support level of $2,800. Traders should keep an eye on volume and RSI signals to gauge the strength of the current downtrend and potential reversal points.
Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
Ethereum's Revival A Prime Opportunity for a Strong Rebound Analyzing the current market conditions for ETH/USDT, there are several technical indicators suggesting that Ethereum might be poised for a significant upward movement from its current price of $2,444. The recent sharp decline in price has brought Ethereum to a crucial support level, which has historically acted as a strong foundation for upward reversals.
Firstly, the Relative Strength Index (RSI) has dropped below the 30 level due to the recent sell-off, indicating that Ethereum is currently in oversold territory. This suggests that the selling pressure may have been overextended, providing a potential opportunity for buyers to enter the market and capitalize on the discounted price.
The Moving Average Convergence Divergence (MACD) is also starting to show signs of a bullish crossover. The MACD line is approaching the signal line from below, which often precedes a bullish trend reversal. This potential crossover, coupled with the oversold RSI, strengthens the case for a price rebound.
Additionally, the Bollinger Bands have expanded significantly during the recent price drop, reflecting increased volatility. However, the price has begun to stabilize around the lower band, suggesting that the downward momentum is waning and a reversal could be on the horizon.
Furthermore, the trading volume has spiked dramatically during the sell-off, indicating heightened market interest and participation. Historically, high volume during price declines can precede reversals as it suggests that new buyers are stepping in to absorb the selling pressure.
The Fibonacci retracement levels also align with this analysis, as the price is currently hovering around the 61.8% retracement level from the previous rally. This level is often considered a strong support area where price reversals are likely to occur.
From a fundamental perspective, Ethereum continues to see strong network activity and development progress, further supporting the potential for a rebound. The recent pullback may have been driven by broader market sentiment rather than any Ethereum-specific issues, providing an attractive entry point for long-term investors.
Given these factors, it seems like an opportune moment to consider buying ETH/USDT in anticipation of a medium-term price increase. The combination of oversold conditions, technical support levels, and strong fundamental backing suggests that Ethereum is well-positioned to recover from its recent dip and potentially target new highs in the coming weeks and months.
ETH ForecastTrend Channels and Correction: There are two distinct descending trend channels visible on the chart. Currently, the price is near the lower boundary of these channels and might make an upward correction. This correction could aim towards the resistance levels marked above.
Fibonacci Levels: The price appears to have touched the 1.618 Fibonacci extension at the 2,914.76 level. A reaction from this level is likely, and the price could move upwards to test the resistance levels.
Support and Resistance Levels: Several important support and resistance levels are drawn on the chart:
Resistance Levels: 3,125.86, 3,232.67, 3,306.00, 3,390.57, and 3,581.27.
Support Level: 2,914.76.
RSI (Relative Strength Index): The RSI indicator is close to the oversold region. This suggests that the price might soon experience an upward recovery.
MACD (Moving Average Convergence Divergence): The MACD indicator might be signaling a potential upward reversal.
Conclusion:
The Ethereum price could potentially rebound from the lower boundary of the descending channel and initiate an upward movement. The first target for this upward movement could be the 3,125.86 resistance level. If it can break this level, it may test the 3,232.67 and 3,306.00 resistance levels subsequently. However, market conditions and the overall trend should be considered, and risk management is essential.
ETH target 38004h time frame
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TP: $3880
SL: $3000
RR: 8.78
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(1) Potential double bottom is creating
(2) Left leg of double bottom mentioned above performed good support at 0.382 Fib projection
(3) This is an opportunity to add position for traders who followed previous trading plan
(4) $3880 is good to close "partial", not all, there is a higher target
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Previous analysis
Buy and hold thanks me later $THETA Buy and hold thanks me later MYX:THETA also futre trader can trade but swing and mange ur risk
Trading during the accumulation phase in the Wyckoff method involves identifying potential accumulation zones and entering positions based on signs of accumulation by smart money. Here's a basic guide on how to trade during this phase:
1. **Understand Accumulation Phase**: In the Wyckoff method, accumulation is the phase where smart money (large institutional investors) starts accumulating shares while prices are low. This phase typically occurs after a prolonged downtrend.
2. **Identify Accumulation Zones**: Look for areas on the price chart where the price is range-bound or shows signs of consolidation after a downtrend. These zones often exhibit decreased volatility and relatively low trading volumes.
3. **Analyze Volume**: Pay close attention to volume patterns within the accumulation zone. Look for decreasing volume during the downward move and increasing volume as the price starts to stabilize or move sideways. This suggests that smart money is accumulating shares.
4. **Study Price Action**: Analyze price action within the accumulation zone. Look for signs of absorption where the price remains stable despite selling pressure. Higher lows and lower highs can indicate that buying pressure is building up.
5. **Confirm with Indicators**: Use technical indicators like moving averages, relative strength index (RSI), or accumulation/distribution indicators to confirm the strength of accumulation. These indicators can provide additional insight into the underlying buying pressure.
6. **Wait for Confirmation**: Wait for confirmation before entering a trade. Look for a breakout above the accumulation zone accompanied by a surge in volume. This confirms that the accumulation phase is ending and an uptrend may begin.
7. **Set Stop Losses**: Place stop-loss orders below the accumulation zone to manage risk. If the price breaks below the accumulation zone, it could indicate a false breakout or a continuation of the downtrend.
8. **Monitor the Trade**: Once you enter a trade, monitor it closely for signs of continued accumulation or distribution. Adjust your position or take profits accordingly based on changing market conditions.
9. **Consider Multiple Timeframes**: Analyze multiple timeframes to get a clearer picture of the overall market trend and the strength of accumulation. Higher timeframes can help confirm the validity of accumulation patterns observed on shorter timeframes.
10. **Practice Patience and Discipline**: Trading during the accumulation phase requires patience and discipline. It's essential to wait for clear signals and confirmation before entering a trade, and to stick to your trading plan once you're in a position.
Remember that trading involves risks, and it's important to conduct thorough research and practice risk management to improve your chances of success. Additionally, studying historical Wyckoff accumulation patterns and observing real-time market behavior can help refine your trading skills over time.
ETH/USDT 1DAY CHART ANALIYSIS !!The chart shows ETH/USDT within a descending channel, highlighted by the purple lines.
There is a crucial support area between $2,800 and $3,000, represented by the orange and yellow shaded areas, indicating potential areas for buying.
ETH/USDT has recently bounced off the lower boundary of the descending channel, indicating that this support level still holds.
The upper boundary of the descending channel, along with the horizontal resistance around $3,600, forms a key resistance area that ETH needs to break to confirm a bullish reversal.
The green line (possibly a moving average) around $3,050 currently acts as a dynamic support level.
Recent price action indicates a double-bottom pattern around the $2,900-$3,000 range, suggesting a potential bullish reversal if confirmed.
If ETH/USDT can sustain above the $3,000 support, the next target will be the upper boundary of the descending channel and the horizontal resistance at $3,600.
A break below the $2,800-$3,000 support zone could lead to further declines towards the next significant support levels around $2,300-$2,500.
This analysis is based on a visual interpretation of the chart.
Consider using additional technical indicators and keeping an eye on market news and sentiment for a more detailed and accurate analysis.
Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
#ETH/USDT#ETH
After the approval of Ethereum ETFs, the current correction is expected
Ethereum price has been moving in an upward trend on the four-hour frame since the beginning of July
The price has now touched the rising trend and produced a reversal candle on a 4-hour frame
Expected to rise on targets
Entry price 3177
First target 3315
Second goal 3424
Third goal 3546
This is supported by the bearish saturation on the RSI indicator
The rise also supports stability above the Moving Average 100
And stability is above the current trend
The pattern is canceled if it closes 4 hours below the upward trend in orange
Market Response After the Launch of ETFsComparing Bitcoin and Ethereum Charts After ETF Launch.
Bitcoin's price dropped 20% after the ETF launch. We can expect a similar drop in ETH before it goes up. ETH price has already dropped 11% after the ETF launch, and we can expect the bearish move to continue for the next few days before we see a bullish move.
A good buying opportunity is expected once ETH experiences a 15-20% correction.
Regards
Hexa
ETH QUICK REBOUND...LONG ! "Missed the initial ETH surge? No worries. Sherlock's got you covered.
He suggests setting your buy limits between $3255 and $3240. Why? This range is loaded with confluences: higher timeframe Fibonacci levels, untested support, and dynamic support lines on the 4-hour chart.
If the price dips before the ETF launch and takes out some overzealous buyers, you could snag ETH at a prime entry point. Don’t sleep on this one!" - TradingLab
ETH wait for 3000 for buy/longCMP the price at eth is going side ways incase the price starts making lower low and lower high on daily time frame, then follow the structure and wait for change of trend at the zone of 3000 where we have a order block and we can if we see impulsive move towards it will be target for 4250
Solana Steals the Show: Outperforming Bitcoin and EthereumWhile the cryptocurrency market has traditionally been dominated by Bitcoin and Ethereum, a new contender is emerging as a potential market leader: Solana. This high-performance blockchain platform has been making significant strides, outperforming both BTC and ETH in recent times. The question on everyone's lips is: Is this a sign of things to come for Solana in the remainder of this bull market?
Solana's recent surge can be attributed to several factors. Its robust network, capable of handling a high volume of transactions at lightning speed, has attracted a growing developer community. This ecosystem is rapidly expanding, with new projects and applications being built on the Solana blockchain. This increased activity not only enhances the platform's utility but also boosts investor confidence. scalability and low transaction fees has positioned it as a strong competitor to Ethereum, which has faced scalability challenges in the past. As decentralized finance (DeFi) continues to gain traction, Solana's ability to handle high transaction volumes efficiently is a significant advantage.
However, it's essential to approach Solana's performance with a degree of caution. While the recent surge is undoubtedly impressive, the cryptocurrency market is notoriously volatile. Past performance is not indicative of future results. Factors such as regulatory changes, market sentiment, and competing blockchain platforms could impact Solana's trajectory.
Additionally, it's worth noting that Bitcoin and Ethereum have their own unique strengths and advantages. Bitcoin remains the dominant digital currency with a strong brand recognition and a large, established user base. Ethereum, on the other hand, is the leading platform for smart contracts and decentralized applications.
While Solana's recent outperformance is undoubtedly exciting, it's too early to definitively declare it the next big winner in the cryptocurrency market. The crypto landscape is highly competitive, and new challenges and opportunities are constantly emerging.
Investors should conduct thorough research and consider diversifying their portfolios across multiple cryptocurrencies. It's essential to have a long-term perspective and be prepared for market fluctuations.
As the bull market progresses, it will be fascinating to observe how Solana continues to evolve and compete with its more established rivals. If it can maintain its momentum and address any potential challenges, it could solidify its position as a major player in the cryptocurrency ecosystem. However, only time will tell if Solana's recent success is a sustainable trend or a temporary blip in the market.
ETHBTC📊Analysis by AhmadArz:
this analysis for jumping ETH to BTC in low support ... just wait for give zone .🚀
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Ethereum Price Forecast📊In the W1 , we had the same movements that caused the price to stop in those levels , and according to the past chart, we can expect a stop at the 3300$ and 4470$ levels in the next price movements, which will lead to a deep correction.
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