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ETHUSD next targetshello everyone.... in my previous analysis of eth the price hit the target.. with all the usd news recently the dollar index/dxy/usdx showing weakness at the moment... this gives an advantage to crypto market... the price of eth may jump to 2400-2500 area since buyer started to jump in today but first it needs to break the previous high of 2100, currently its sitting on the resistance area... if price pulls back from resistance while usd is bullish... price can drop back to $1000 or below.. good luck to everyone..
BYBIT:ETHUSD.PLong
by baigxy
Ethereum -> BoooomHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Ethereum is currently retesting and already rejecting a quite obvious previous weekly structure area at the $1900 level. You can also see that weekly market structure is overall massively bullish, moving averages are also pointing towards more upside potential so I am now just waiting for any retracement before I then do expect a retest of the next resistance level at the $2400 area. On the daily timeframe you can see that over the past couple of days Ethereum actually created a bullish double bottom and with today's candle Ethereum is perfectly breaking above the neckline at the $1930 level, so I am now just waiting for a retest of the neckline before I then do expect more upside continuation. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
BITSTAMP:ETHUSDLong
by basictradingtv
32
Forecast for the Crypto MarketI wanted to give a quick update on the Long-term TPI for BTC, and how I see the altcoin market doing compared to BTC: The TPI has had a relatively high value for a long time I can't foresee the future, but I don't believe that external market factors will allow this to keep going, I do believe we will see a big scare before the next halving of BTC BTC's strength compared to ETH As of right now, ETH is bleeding on it's BTC pair. We have been relatively stable since October last year, but BTC has been the safer asset in terms of returns (both downwards and upwards). How is the altcoin market doing? I've mentioned in a previous video idea that I believe that alts won't be outperfoming BTC in the near future. The dominance of alts are still on the decline, and the TPI value (-0.71) is indicating that dominance of altcoins will go lower than now! I've linked my previous ideas on these subjects, as always... Stay safe
by IkkeOmar
1
What to consider when trading with Ethereum?Ethereum has established itself as a significant player in the digital currency market since its launch in 2015, boasting roughly 3.9 million active crypto wallets. Its popularity is attributed to its decentralized system and native currency, ether, which provide users with a common ecosystem to communicate and transfer funds between applications effortlessly. Ethereum's versatility enables it to serve a wide range of purposes, such as facilitating decentralized companies, crowdfunding platforms, and e-commerce. The increasing popularity and technological interest in Ethereum have resulted in a surge in the value of its native currency, attracting investors seeking profitability and the potential to revolutionize businesses. The participation of major financial institutions within the Ethereum ecosystem has contributed to the growing interest in this technology. As the number of applications developed on the Ethereum platform increases, its technological evolution is expected to be fascinating. Some experts predict that Ethereum may surpass Bitcoin in market capitalization due to its versatility and potential for use in various industries. Ethereum's decentralized system and innovation potential are likely to ensure its position as a significant player in the digital currency market for the foreseeable future. Investing in Ethereum demands careful consideration and risk assessment since the cryptocurrency market is volatile and unpredictable. While optimistic predictions of a significant increase in Ethereum's value exist, it is essential to approach such forecasts with caution. As depicted in the graph, Ethereum experienced a sharp decline following its peak in November 2021, only to surge again in the summer of 2022. However, despite the risks, Ethereum remains a promising investment option due to its established reputation, market presence, and the ongoing development of new applications on its platform. Ethereum's relative safety from scams can be attributed to its market position and reputation, which sets it apart from many lesser-known cryptocurrencies. Furthermore, Ethereum is one of the top 10 largest cryptocurrencies, which adds to its credibility and potential for long-term success. To ensure a successful investment, it is crucial to conduct a thorough analysis and risk assessment, along with adhering to the fundamental rule of investing only what one can afford to lose. By carefully considering the risks and potential rewards, investors can make informed decisions about whether investing in Ethereum aligns with their investment goals and risk tolerance.
KRAKEN:BTCUSD
by vf_investment
7
Banking and finance are in a gradual crisisBitcoin (BTC) bottomed out at HKEX:27 ,600 yesterday (2), then stabilized at the HKEX:28 ,000 mark around 10pm last night after oscillating for many hours, and started a rapid rally to a high of HKEX:28 ,879. It is now at HKEX:28 ,622, up 2.3% in the last 24 hours, after a slight pullback before press time. Ether (ETH) is also moving in much the same way, currently holding the HKEX:1 ,800 barrier, now at HKEX:1 ,833, down 2.8% in the last 24 hours. Two more regional banks in crisis in the US As for the reason of this wave, some analysts judge that it is related to the rumors of more banks in crisis in the United States Shortly before the U.S. stock market opened last night, shares of two regional banks - Los Angeles-based PacWest Bancorp (PACW) and Phoenix-based Western Alliance Bank (WAL) - fell 27% and 15%, respectively, and melted during the session. Some investors believe the banks' crisis could highlight cryptocurrencies as a solution to the weaknesses of the existing financial system and further strengthen the value proposition of autonomous digital assets. According to the data, 13,000 people were liquidated within 24 hours and the entire network exploded for HKEX:45 million. The total amount of the network-wide liquidation was HKEX:45 million. Of these, bitcoin had the largest blowout at $22.91 million and ethereum had the second largest blowout at $10.04 million.
KRAKEN:ETHUSD
by sooyeon520
Will Ethereum find sellers at market?Ethereum - 24h expiry - We look to Sell at 1876 (stop at 1926) Previous resistance located at 1880. Previous support at 1870 now becomes resistance. Short term bias has turned negative. Preferred trade is to sell into rallies. We look for a temporary move higher. Our profit targets will be 1756 and 1736 Resistance: 1830 / 1850 / 1880 Support: 1820 / 1805 / 1785 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:ETHUSDShort
by VantageMarkets
Trading ETHUSDT with Elliot WavesHi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. In today's analysis, I'd like to present an easy-to-follow guide on using Elliot Waves for trading. Elliott Wave theory will require looking for a pattern of five consecutive waves before making a trading decision. Elliott Wave theory begins by identifying two different types of waves. Impulsive waves : Move in the same direction as the overall trend, 12345 Corrective waves : On the contrary, move against the overall trend. ABC Elliot Wave strategy needs to follow and abide by some strict rules in order to validate the 5 wave move. The three basic rules are : Wave 2 never retraces more than 100% of Wave 1. Typically, the retracement is between 50% and 61.8% of wave 1. Wave 4 never retraces more than 100% of wave 3. Typically, declines between 38.2% and 50% of wave 3. Wave 3 always travels beyond the end of wave 1 and it’s never the shortest one; Wave 3 will normally extend 161.8 x wave ❗ as above, A is close to Wave 4 There are also cycles within cycles. Think of it as a broccoli stem, where each flower head is composed up of many tiny smaller flower heads: Elliott Wave theory will require looking for a pattern of five consecutive waves before making a trading decision. Impulsive waves and corrective waves are perfect opposites. The most important thing is to observe the Macro trend before using Elliot Waves in other words, is the price in a bullish cycle or bearish cycle? Here are the basic steps to follow when trading with Elliott Waves: Step 1: Learn the Theory The first step is to familiarize yourself with the Elliott Wave Theory, which is based on the idea that financial markets move in predictable patterns. The theory suggests that market prices move in waves, with each wave representing a specific part of the overall trend. The theory identifies two types of waves: impulsive and corrective. An impulsive wave consists of five smaller waves, which move in the direction of the trend. A corrective wave, on the other hand, consists of three smaller waves, which move against the trend. Understanding the basics of Elliott Wave theory is crucial to trading with Elliott Waves. Step 2: Identify the Trend The next step is to identify the trend in the market you want to trade. This can be done by analyzing the price action on the chart. To identify the trend, look for a series of higher highs and higher lows for an uptrend, or lower lows and lower highs for a downtrend. Step 3: Look for Wave Patterns Once you've identified the trend, you need to look for wave patterns within the trend. An impulsive wave is made up of five smaller waves, and a corrective wave is made up of three smaller waves . These waves can be identified by analyzing the price action on the chart. Step 4: Use Indicators to Confirm the Wave Patterns While identifying wave patterns on the chart is important, it's also a good idea to use indicators to confirm the patterns. Some of my favorites include the Relative Strength Index (RSI) , Moving Averages (MA) and CryptoCheck START v3. Step 5: Enter and Exit Trades Once you've identified the trend and wave patterns, and confirmed them with indicators, you can enter a trade. You can use the wave patterns to identify potential entry and exit points. For example, you may want to enter a long position at the start of an impulsive wave and exit when the corrective wave begins. Step 6: Manage Risk 💭 Finally, it's important to manage risk when trading with Elliott Waves. This can be done by placing stop-loss orders to limit losses if the trade goes against you. It's also a good idea to use proper position sizing to ensure that you're not risking more than you can afford to lose. On the chart I have wave 4-5 hanging in the air atm, let's get to wave 3 first and then we can re-asses where 4-5 may be. Important to note that is is a longer term trading plan. _______________________ 📢 Show us some LOVE 🧡 Follow for daily updates and trade ideas on Crypto , Stocks , Forex and Commodities 💎 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
19
ETH Upward Break Update ( 2 Scenarios )This is an update to my last Ethereum Post. I was off a little on exactly when this was going to pop slightly but eventually did have an upward break! Now we are faced with 2 scenarios that could happen. Currently Ethereum is in an Upward Trending Channel on the 4hr chart and has recently tested the bottom of this channel. Scenario 1: Since price has already broken upward testing and failing at that key level I am looking for a strong retest and bounce back on the trend line. This will determine whether it is going to break down or continue up and hopefully have enough power to go straight through this key level if the bulls really step in. Looking back at Ethereum this key level seems to be a huge resistance level... If we can break this I am confident we will go to the Supply level or even the top of this channel! Scenario 2: Since we have already tested and failed this key level, price can go back down into this trend line failing a retest and is a clear bearish sign. Once it does this it is possible for this to break below its support line and break down into the demand zone testing the bottom of this channel once again. I will look for a retest on the support line once it has broken below then enter my trade. As always trade safe and don't risk too much! Wait for confirmation!!!
by JamminToast
2
Changes in current market volatilityAfter some research in November last year, the overall position in the market was about 30% according to the statistics at that time. Now more than 4 months have passed, and the statistics are obtained again. The current position is about 40% to 45%. The above are all conservative statistics The increase in B price will also passively increase the position. There is a possibility that the stable B speed of the user’s recharge cannot catch up with the increase in B price, so the subsequent space still depends on incremental funds, otherwise the space will be limited.
KRAKEN:ETHUSD
by sooyeon520
Trends and directions expected to be observed in the short termThe overall trend in ETH may have shifted from bearish declining to bearish palm as the trend line has been broken by a strong bearish palm candle. On the 4H chart, we can see that our mai entry setup has been triggered as the trendline has been broken by a huge palm candle. Expectations exist for continued bearish declines on both the 2nd and 3rd days, and expectations exist for an upper palm on the 6H. Trend: First palm (6H), then declining (3 days) ETH: resistance near 1930 Short-term appear small back off can be homeopathic open more, haze into my tips near the resistance position, by hand to short down
KRAKEN:ETHUSD
by sooyeon520
ETH Price Analysis: Bullish Momentum on the Risehello traders Over the last 7 days, the price of ETH has been fluctuating between 1916 to $2141. The overall trend of the cryptocurrency was bullish as the price kept moving upward, but there were moments when ETH experienced dips. Looking at The Moving Averages: The moving averages help to smooth out the price action of ETH on the chart. Over a couple of days, the market remained supported above the moving averages, and the price has not gone below it. This indicates strong bullish sentiment in the market. also, the 200-day moving average has caught up with the price action of ETH, indicating that the short-term trend is upward. higher highs ETH formed a couple of higher highs and higher lows which line up with trend line support indicating the market will likely continue upside Based on the technical analysis, the overall sentiment of the cryptocurrency is bullish. The moving averages are acting as support, we have higher highs, and trend line support. Given the current technical analysis, it would be a buyer of ETH for short-term gains. However, It is also advisable to keep an eye on the RSI indicator to monitor any changes in market sentiment.
by TheTradersAvenue
23