Get started

Ethlong

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
Technical Analysis of Ethereum (ETH/USDT) by Blaž FabjanTechnical Analysis of Ethereum (ETH/USDT) Chart Overview: The chart depicts the ETH/USDT price action on a 4-hour timeframe, showcasing a falling wedge pattern, which is generally considered a bullish reversal pattern. Here are the key observations: Falling Wedge Pattern: The falling wedge is marked clearly, indicating a potential upward breakout. The pattern is confirmed by the higher lows and lower highs converging towards the apex. Support and Resistance Levels: Resistance Zones: $3,600 - $3,800 and $4,000. Support Zones: $3,200 - $3,400. Volume: The volume is relatively low but picking up near support zones, which is a typical characteristic before a breakout. Indicators: VMC Cipher B: Showing potential divergences with green dots indicating possible bullish momentum. RSI (14): Currently at 42.06, suggesting the market is not overbought and has room to move up. Stochastic RSI: Showing oversold conditions, which could indicate a buying opportunity as it crosses upwards. Trading Plan Intraday Trading Strategy: Use support and resistance levels for quick trades. Entry: Buy near the support zone ($3,200 - $3,400) when confirmed by bullish indicators (e.g., green dots on VMC Cipher B). Target: Sell near the first resistance zone ($3,600 - $3,800). Stop Loss: Place a stop loss below $3,200 to manage risk. Scalping Strategy: Take advantage of small price movements within the support and resistance zones. Entry: Buy on minor pullbacks within the wedge near $3,300 - $3,400. Target: Aim for small profits at $3,450 - $3,500. Stop Loss: Place tight stop losses around $3,280 to minimize losses on quick trades. Swing Trading Strategy: Capitalize on the potential breakout from the falling wedge. Entry: Buy once price breaks and retests the upper trendline of the wedge around $3,500 with confirmation from volume increase. Target: First target at $3,800, with a potential move to $4,000. Stop Loss: Place a stop loss below the retest level, around $3,400. Conclusion and Advice Given the technical indicators and the falling wedge pattern, Ethereum (ETH) is showing signs of a bullish reversal. Traders should consider the following: Long Positions: Favorable for all trading strategies (intraday, scalping, and swing trading) as the pattern and indicators suggest an upward movement. Enter positions near support levels and on confirmed breakouts. Short Positions: Not advisable at this stage unless there's a confirmed breakdown below the support zone of $3,200, which could invalidate the bullish pattern. Recommendation: Based on the chart, a long position is recommended with careful attention to the support and resistance levels. Monitor the indicators for any shifts in momentum and adjust the trading strategy accordingly. Always use stop losses to manage risk effectively.
Long
by elfabiiani
200,000 ETH Options Expiry: The Perfect Time to Go LongHold onto your seats because we have some thrilling news coming your way! The Ethereum market is buzzing with excitement as we approach a massive 200,000 ETH options expiry. This is a pivotal moment that could send Ethereum's price soaring to new heights, and you won't want to miss out on the action! As the expiry date looms, demand for Ethereum is already spiking. Traders across the globe are gearing up for what could be a monumental price movement. The big question on everyone's mind: How far can Ethereum's price go? Here's why this could be a golden opportunity: **High Demand:** The sheer volume of options set to expire is creating a frenzy of activity. More demand often translates to higher prices. **Market Sentiment:** Positive sentiment around Ethereum and its future developments is stronger than ever. This is a prime time to capitalize on the bullish momentum. **Technical Indicators:** Many technical analysts are pointing to bullish patterns that suggest a significant upward movement is on the horizon. Now is the time to make your move and consider going long on Ethereum. The potential for substantial gains is within reach, and you don't want to be left on the sidelines. Don't miss out on this electrifying opportunity. Get in on the action now and position yourself for potential significant returns. Let's ride this wave together! Happy trading, Remember, the early bird catches the worm! Make your move before the market reacts.
COINBASE:ETHUSDLong
by bryandowningqln
💎ETHUSD: FULL Multitimeframe analysis💎A lot of bullish confluence at the moment for ETH ☝️Do not act based on my analysis, do your own research!! Learn from my experience, with all the mistakes and pain shared on the way to the main goal - consistency. I'm always glad to discuss and answer questions. ⚠️ ALL videos and ideas here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. DO NOT act based on my analysis, do your own research!!
BITSTAMP:ETHUSDLong
by Yelli_trades
20