ETH: Reaction to leve-priceAnalysis by ahmadArz📊 ETHUSDT
This chart represents the Ethereum to Tether (ETHUSDT) pair on a 4-hour timeframe. The analysis of the chart includes several key price levels and potential price movement patterns.
1. **Key Price Levels:**
- **$3950.23**: A strong resistance level where the price has reacted in the past. 📈
- **$3720.77**: Another resistance level near the current price (3736.24). 📊
- **$3410.90**: A support level to which the price might return. 📉
2. **Potential Patterns:**
- Two curved arrows indicate two possible scenarios:
- **Bullish Scenario**: If the price breaks above the $3720.77 level, it is likely to move towards the $3950.23 level. 🚀
- **Bearish Scenario**: If the price fails to break the $3720.77 level and declines, it might reach the support level of $3410.90. 🔻
3. **Reaction to Price Level:**
- The text on the chart "Waiting for reaction to level-price" suggests that the analyst is waiting for the price to react to the $3720.77 level to decide which direction the price will move. ⏳
4. **Black Arrows:**
- The black arrows on the chart indicate key points where the price has reacted in the past. 📍
In summary, this analysis suggests that if the price can break the $3720.77 resistance level, it will likely move towards the next resistance at $3950.23. However, if it fails to break this level, it might return to the support level at $3410.90. The analyst is waiting for the price reaction at these key points to determine the next direction.
Ethreum
Trading opportunity. ETH, BNB, NEAR, RNDRHi traders and investors!
I have chosen 4 assets on which to look for purchases.
The price of each asset formed a sideways trend on the daily TF and is now at the lower boundaries of these sideways (above the lower boundaries).
ETHUSDT. Current buyer vector 10-11 on the daily TF. Potential target – 3977.
On the hourly timeframe, the price has formed a sideways trend and now the buyer is attacking the upper boundary of the sideways trend. You can search for purchases:
after the launch of a long trend on the hourly timeframe (the buyer protects the exit from the sideways trend on the hourly timeframe and the formation of a new buyer impulse)
from protection by the buyer of the lower boundary of the sideways trend 2822 -2810.
BNBUSDT. Current buyer vector 10-11 on the daily TF. Potential target – 645.2
On the hourly time frame, the price has formed a sideways trend and now the price is near the upper boundary of the sideways pattern. You can search for purchases:
after the launch of a long trend on the hourly timeframe (the buyer protects the exit from the sideways trend on the hourly timeframe and the formation of a new buyer impulse)
from protection by the buyer of the lower boundary of the sideways trend 471 - 454.
NEARUSDT. Current buyer vector 5-6 on the daily TF. Potential target – 6.89
There is a short trend on the hourly timeframe. It is advisable to look for purchases when the buyer overcomes the beginning of the last impulse of the seller 5.003, protects this level, and forms a new impulse.
RNDRUSDT. Current buyer vector 8-9 on the daily TF. Potential target – 11.88
There is a short trend on the hourly timeframe. It is advisable to look for purchases when the buyer overcomes the beginning of the last impulse of the seller 8.273, protects this level, and forms a new impulse.
OMNI GOING TO 40 DOLLAR SOO EASY!See the big pump coming soon, buy this chart!
Layer1/2 project, 100 million marketcap, will have only 8 million supply by April 2025.
I recommend you to buy this coin immediately before the big rise in the bull market, which will be the first unlock when the bull market is already over. DYOR
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
ETH on daily timeframe Hello traders,
Based on my analysis, i have identified a bearish trend on the higher timeframes. Additionally, i expect ETH to reach the $3200 zone in the lower timeframe to complete its pullback.
After reaching the $3200 zone, i suggest considering both the price action and momentum. I believe that there is a possibility for the price to go down to $2700, and if this level is breached, i anticipate a further decline towards $2000.
It's important to closely monitor the price action, consider other technical indicators, and be aware of any news events that could impact Ethereum. Market conditions and sentiment can change rapidly, so it's crucial to adapt your analysis accordingly.
Please remember that trading involves risks, and it's important to conduct thorough research, implement appropriate risk management strategies, and make informed decisions based on your own risk tolerance and financial situation.
If you have any further questions or need clarification, feel free to ask.
The decline of Ethereum is not yet complete.Many are already disappointed by the recent sharp drop in cryptocurrencies. The decline is not yet over! Even before all the drops, I showed orders on Coinbase around $1,800.
The targets for Ethereum are $1,800-$2,150, from where it makes sense to look for entry points to buy Ethereum, Optimism, Arbitrum, Starknet, zkSync, and other altcoins. I think the sideways accumulation might last about a month.
Thoughts on the film:
🎬 Ethereum — On July 23, the trailer for the documentary "Vitalik: An Ethereum Story" about Vitalik Buterin will be released.
The film has been in the works for over 3 years. The theatrical release is scheduled for fall 2024, and the biography will appear on streaming platforms in winter.
➖ It's fascinating how everything is unfolding: the final decision on the Ethereum ETF for BlackRock is on August 7, the documentary about Vitalik Buterin is coming out 🤠🤠🤠, and all major projects are postponing their listings to October 2024.
➖ It seems that the big exchanges and market makers have given the signal that it's too early to list; first, they need to pump the market up.
➖ Expect further cryptocurrency declines in July, and start looking for entry points into Ethereum at prices between $1,800-$2,150. During the same period, look for entry points into Ethereum's L2 solutions, namely Arbitrum, Optimism, Starknet, and zkSync.
#ethereum #arbitrum #optimism #starknet #zksync
Phemex Anaylsis #3: ETH Price Tumbles & Key Support Levels.The price of Ethereum (ETH) experienced a significant decline today, breaching the previously strong support zone at $2,850 . This price movement indicates a potential shift in the market sentiment.
Traders are now closely watching the next support level at $2,250 . This zone is considered historically significant and could offer some stability to the price. However, if the selling pressure persists and ETH breaks below $2,250, the next potential support level to watch would be around $2,000 .
It's crucial to exercise caution while trading in such volatile market conditions. While there might be opportunities for profit, the risks are equally substantial. Consider using Low Leverage & Stop Loss to manage risk effectively during this period of uncertainty.
Note: Phemex had Launch IceBerg order to help you Enter with minimum slippage. Be sure to check it out!
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
ETHUSDT: Price is rose from $2800 to $3700, Wait for Correction!ETHUSDT, rose from our first entry at 2800$ to $3700, however, price rose rapidly and left gap. Which is why we think price will make strong correction and fill the area. We can expect the strong rebound from our area towards $4700.
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Team SetupsFX_
ETHUSDT. Trading opportunityDaily Timeframe Analysis:
The price formed a sideways movement on the daily timeframe starting in February 2024. The buyer's vector 8-9 reached its mandatory target, and now the seller's vector 9-10 is relevant with a potential target of 3301.9 (the upper boundary of the buyer's zone, which was formed at the base of vector 8-9, indicated by the blue rectangle on the chart). The seller initiated their vector and formed a seller's zone at the beginning of the vector (red rectangle on the chart, lower boundary at 3624.28).
Sales Strategy:
Sales can be considered as an idea of realizing the seller's vector 9-10 from the seller's defense of the level 3659.01, which is a test of the buyer within the formed seller's zone. The potential target is 3301.9. On the hourly timeframe, the level 3659.01 serves as the seller's defense level for the breakout from the sideways movement. So on this timeframe, you can look for signs of the seller defending the level. If the seller does not defend this level, there is a high probability that the buyer will reach 4000.
Purchases Strategy:
Purchases are advisable to consider after the price interacts with the buyer's zone at the base of vector 8-9 (blue rectangle on the chart, upper boundary at 3301.9).
ETH. Buying opportunitiesHi traders and investors!
The seller's vector 9-10 reached its mandatory target in the sideways range on the daily TF from the previous review. It's time to update the possible scenarios.
Daily Timeframe Analysis
On the daily timeframe, the price has formed a sideways range that began in February 2024. The seller's vector 9-10 reached its mandatory target with a low of 3240, and now the buyer's vector 10-11 is relevant with a potential target of 3977. The first obstacle for the buyer is the high of the last seller's bar at 3435. The price has not yet interacted with this level. Since the price is at the lower boundary of the sideways range on the daily timeframe, it makes sense to start looking for buying opportunities. Let's look at the lower timeframe.
Hourly Timeframe Analysis
On the hourly timeframe, the price has formed a sideways range. The seller's vector 4-5 exited the boundary of the range, and then the buyer absorbed the attacking range boundary candle of the seller, forming a buyer's zone at the end of the seller's vector (blue rectangle on the chart). Currently, the buyer's vector 5-6 is relevant with a potential target of 3653. The price is at the lower boundary of the sideways range on the hourly timeframe, so it makes sense to start looking for buying opportunities.
Buying opportunities
Buying opportunities can be sought from the idea of realizing the buyer's vector 10-11 in the sideways range on the daily timeframe or from the idea of realizing the buyer's vector 5-6 in the sideways range on the hourly timeframe.
From the protection by the buyer of the lower boundary of the sideways range at 3362 on the hourly timeframe.
From the protection by the buyer of the level 3345, which is the test of the seller of the formed buyer's zone at the end of the seller's vector 4-5 on the hourly timeframe.
From the protection by the buyer of the level 3240, which is the test of the seller of the formed buyer's zone at the base of the buyer's vector 8-9 on the daily timeframe.
After the buyer absorbs the daily candle of June 24, 2024 on the daily timeframe (conservative strategy).
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ETH ETH mitigating orderblock (1) to moving downside. Order block (c) was failed. Because order block (c) was buyside orderblock. But Ethereum was bearish. So Buyside orderblock was not high probability.
At the same time Ethereum break the uptrend channel downside. If Ethereum moving upside, mitigate orderblock (2) to moving downside.
Order block (3) was buyside orderblock. But it was not high probability. Maybe some upside movements possible.
ETH Analysis ETH still holding the Inducement (💎). But ETH showing some upside movements.
Because ETH countinuesly mitigating orderblock (a, b) to moving upside. The next one is Order block (c).
So ETH mitigate orderblock (c) to moving upside is possible. If order block (c) was fail, ETH moving downside.
And order block (1) was sell side order block. So maybe mitigating this order block to moving downside is possible.
Ethereum ETH price ready to move. ETH ETF soon ?In 2 months, the #ETHUSDT price rose from $3000 to $4000 and firmly established itself above $3400. Clearly according to the blue scenario 💙
+ the news background around the #ETH ETF is actively recovering that large funds are ready to buy, just "agree" and launch)
So let's try to assume that the next wave of #Ethereum price growth will be at least up to $5400
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