ETH Ethereum Price Target If you haven`t bought the dip on ETH:
Then you need to know that Binance, along with its CEO 'CZ,' has confessed to federal charges and committed to settling fines amounting to $4.3 billion.
The crypto exchange “admits it engaged in anti-money laundering, unlicensed money transmitting and sanctions violations"!
The question arises: from where will these substantial funds be derived?
One possible source is Binance's Proof-Of-Reserves, which reportedly exceeds 100%.
Among the tokens impacted is ETH Ethereum.
I've set a short-term price target for ETH Ethereum at $1950.
Looking forward to read your opinion about it!
ETHPERP
ETH as Whale Traders Inject $124B – An Exciting Opportunity!The recent surge in ETH has been nothing short of remarkable, and it's all thanks to mighty whale traders injecting a staggering $124 billion into the Ethereum network!
The trends are clear, and the time is now to seize this opportunity and make ETH your go-to choice for long-term investments. By joining the ranks of successful traders who are capitalizing on this extraordinary development, you too can ride the upward momentum of ETH and potentially secure substantial profits for yourself.
Are you ready to be part of this revolution? Take action today and make a smart move towards long ETH positions. Don't miss out on the chance to grow your crypto portfolio and be at the forefront of a digital revolution reshaping the financial world as we know it.
To get started, carefully analyze the current market conditions, stay updated with the latest industry news, and consider consulting with trusted investment advisors. Remember, every investment holds its own risks, so exercise prudence, conduct thorough research, and set realistic expectations. By utilizing the available resources, you can stay ahead of the game and maximize your potential gains.
Embrace this thrilling opportunity and embark on a remarkable journey towards financial success. Together, we can ride the wave of ETH's unstoppable ascent and achieve incredible results.
www.newsbtc.com
ETHLeading cryptocurrencies Bitcoin (BTC), Ethereum (ETH) and XRP are showing significant gains, according to data from CoinStats. Today, BTC was up 0.91%, trading at $35,171, with expectations of breaking the $35,612 resistance. If this level is surpassed, BTC is likely to reach $36,000 by the end of this week.
On the other hand, ETH outperformed other cryptocurrencies with a gain of 1.73% and is currently trading at $1,909. If ETH surpasses yesterday's peak, it is predicted to hit the critical $2,000 zone by mid-November.
Ethereum / US Dollars (ETHUSDT) Short Selling with DCA 19/09/23Technical Analysis:
In this analysis, I adopt an all-encompassing approach that melds Fibonacci retracement and extension levels with Fibonacci Projection, confluence analysis, and the MACD indicator, with a distinct short sell bias for the 4 Hour Time frame as requested on the assignment, dated on 15/09/2023, 12:55 pm on LinkedIn message section. Additionally, I'll introduce a strategic Dollar-Cost Averaging (DCA) strategy with two scale-in levels. Please refer to the chart for a comprehensive visual analysis:
please zoom out the chart for better comprehension.
Key Technical Observations:
Fibonacci Levels: My analysis meticulously places Fibonacci retracement and extension and projection levels on the chart, highlighting potential resistance zones and solidifying the short sell bias.
MACD Divergence: Vigilance for MACD divergence patterns remains paramount. (Bearish Divergence) accompanied with (Hidden Bearish Divergence) bolsters the short sell bias.
Strategic Entry Points: I identify key entry points for initiating short positions, at $1642 Spot Price at the time of publication capitalizing on price movements in harmony with the overall bias.
DXY is very much bullish which is an other sign that the Total Crypto Market cap may fall and ultimately BTC will dip to the lower prices
the above analysis can show the possibilities of DXY rally
Technical Conditions:
Take-Profit Levels (TPs): To maximize potential gains from the short sell bias, consider the following TP levels:
1st TP: $1570
2nd TP: $1440
3rd TP: $1260
Dollar-Cost Averaging (DCA): I advocate a DCA strategy for scaling into short positions. Start with a partial position at the initial entry point and progressively adding to the short position at the following DCA scale-in levels:
Scale-In Level 1: DCA Price Level 1: $1735
Scale-In Level 2: DCA Price Level 2: $1830
Stop Loss: Prudent risk management includes placing a stop loss at $1945 which is above the 78.6% level of the minor reverse Fibonacci Retracement level, to safeguard against unexpected price reversals.
Trading Scenario:
Short Sell Bias: Given the confluence of Fibonacci resistance, a bearish and a hidden MACD divergence, and strategic entry points, my analysis strongly favors a short sell bias.
Adaptability: Stay adaptable to market conditions, prepared to adjust your strategy in response to any unexpected developments.
This analysis is grounded in historical data, technical indicators, and a clear bearish bias, complemented by a DCA strategy with two scale-in levels. As with any trading strategy, it's essential to conduct thorough research, adhere to your trading plan, and continuously refine your approach as we navigate the dynamic cryptocurrency markets.
I eagerly await your insights and engaging discussions about this analysis, as we explore opportunities in bullish market scenarios!
Ethereum - in 3rd quarter - SHORTI use the wave structure and SMC method to make a judgment of ETH in the third quarter of 2023 as follows:
Currently, I see that ETH price has moved from an Rally Phase to a Drop Phase and has retested the target price area with GAP at 20xx.
In the 3rd quarter of 2023, the market does not have much good support news for Crypto, I am taking a short-term view for ETH possibly towards the target price area 172x-174x . the next price area is 165x . And the extreme value area is 1400 (in this case, BTC price can drop below 25k and on way to fill the GAP of CME's BTC1 Chart).
To sum up, I am giving a view of ETH as going down sharply in the third quarter of 2023.
This is my personal opinion and is based on my experience in trading with Smart Money Concepts trading strategy and wave structure. I look forward to receiving your comments with this idea of mine
#ETH - thoughts out loud №2Good evening from Ukraine!
Dear colleagues, I am glad to welcome you!
In a nutshell, there is no buyer's strength in this trajectory, and I expect a short-term development of the situation.
Thank you all for your attention, I wish you success.
Sometimes you win /sometimes you learn .
- thoughts out loud
- thoughts out loud
- thoughts out loud
BINANCE:ETHUSDT
Ethereum ETH potential rally with the Stock MarketCryptocurrencies were left behind by the recent Stock Market rally.
With the arrival of new BTC Bitcoin ETFs, I expect the Crypto Market to follow!
ETH/USDT prediction
Entry Range: $1800 - 1900
Take Profit 1: $1950
Take Profit 2: $2010
Take Profit 3: $2100
Stop Loss: $1730
My vision of the scenario on the $ETHArguments for this development of events:
1) A wedge was drawn in the ETH/BTC pair, which will most likely go up (it means that a final impulse is possible, it should be sold
2) Everything above $1,800+ was distributed to weak hands
3) As for this instrument, the mood in the crowd is mostly long (positive for the future fall)
4) Waiting for regulation of the crypto market (this will lead to the final wave of decline)