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ETH/USD Analysis (7th April 2024) ETHUSD Analysis On the 4 hour timeframe, price created a retracement after creating the all time highs at 4091. After retracing, price action created a bullish CHOCH with a body candle close at 3389.10. This indicates bullish continuation is possible after some retest of the bullish orderblock. The most recent price action retested the orderblock and has created another bullish Change of character with a wick candle closure above the level 3388.86. Ideally i want to see price break above 3439.81 with a body candle close to look for longs. Else, should price go bearish, I want to see 3216.44 get broken below with a Body candle close, looking for a break and retest to continue shorting.
BINANCE:ETHUSD
by CallistoFX
ETH/USDT 4HOUR CHART UPDATE !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders. Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the ETH 4-HOUR update. Looking at the chart of Ethereum, it seems that there can be a bounce from here and along with this, other ALTCOIN will also bounce. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
ETHBTC Ratio Death Cross ApproachingKey Points: • Death Cross: The ETHBTC ratio is nearing a death cross, where the 50-week average dips below the 200-week average, historically signaling a bearish trend for Ethereum relative to Bitcoin. • Altcoin Impact: Since altcoins often follow Ethereum's movement, this could lead to a decline in their value compared to Bitcoin. • Actionable Advice: The message urges you to consider divesting from altcoins and reevaluating your portfolio to minimize potential losses. Additional Considerations: • Market Timing: Predicting market movements is notoriously difficult. While death crosses can be a helpful indicator, they are not foolproof. • Investment Strategy: This message advocates for a risk-averse approach. Consider your overall investment goals and risk tolerance before making any drastic changes. • Do Your Research: Stay informed by following reliable crypto news sources and conducting your own research before making investment decisions. Final Thoughts: Carefully weigh the information and potential consequences against your investment strategy before taking action. Don't hesitate to consult with a financial advisor if needed.
Short
by bryandowningqln
1
ETH/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders. Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the ETH 4-HOUR update. Looking at the 4-hour chart, the recent market consolidation seems clearer. The price created a rising wedge and broke it to the downside, which is a classical bearish continuation pattern. While ETH is approaching the 3,000 support level, the RSI is dropping below the 30% mark, which indicates ETH is oversold in this timeframe. Therefore, it might only be a matter of time before the price rebounds higher, probably from the 3,000 support zone. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
ETH $20k Bull Run Price ForecastA few members have asked me about my prediction for ETH in the bull run. I want to start by saying I don’t like to make these predictions because a lot of things can change over time, such as the ETH ETF gets approved or ETH could experience a string of bad events. But based on TA, there is a red resistance target to consider for this upcoming bull run that gives a forecast around $20k by Sept 2025, which is when I think the crypto markets could peak. I think ETH could have several touches at this red resistance line throughout the bull run, and I think this will be a key resistance target to consider over the next few months.
BINANCE:ETHUSDLong
by realchartchamp
ETH: BEGINNER FRIENDLY ✅ Methods for Predicting Ahead For those who have been following me here for the past three years, you'll know that I usually never miss an opportunity at a April Fool's prank. However, today's post is NOT one of them. Instead, I'm going to take a turn and do a post that may be of real value to many investors and speculators at this point in the market cycle. We'll specifically use ETH for this example but these methods can be used across ALL MARKETS. Understanding the crypto/stock/forex markets can feel like stepping into a vast ocean of numbers, trends, and predictions. As an investor, you might wonder which pricing information is truly crucial: is it the current price or the future selling price? Interestingly, many investors look beyond these immediate numbers and delve into historical pricing data to guide their decisions. But does recent pricing history actually provide reliable insight into future market movements? Let's explore four perspectives on this topic and dive into the academic research supporting each viewpoint. ❕1. Momentum: Riding the Wave Picture yourself on a surfboard catching a wave. Momentum in the stock market is somewhat similar - it's about riding the wave of market trends without fighting against them. Think of it as the market's way of saying, "Go with the flow!" Behavioral finance tells us that investors tend to flock towards rising stocks out of fear of missing out or driven by greed. Academic studies, like the one by Narasimhan Jegadeesh and Sheridan Titman in 1993, suggest that stocks which have performed well in recent months are likely to continue outperforming in the short term. However, this momentum effect seems to reverse over longer periods, hinting at something called mean reversion. ❕2. Mean Reversion: Finding Balance Experienced investors often preach the gospel of mean reversion - the idea that over time, markets tend to return to an average value. This phenomenon isn't limited to stocks; it can be observed in various economic indicators like GDP growth or interest rates. While some studies support mean reversion in certain datasets, it's not a universal truth. It might take years, even decades, for these subtle shifts to become apparent. ❕3. Wyckoff Method : Planning WAY ahead The Wyckoff Method is a technical analysis approach to trading in financial markets, particularly stocks. Developed by Richard D. Wyckoff in the early 20th century, it focuses on understanding the intentions of large institutional players, such as smart money, through the analysis of price and volume. The method emphasizes the principles of supply and demand dynamics, as well as market sentiment, to identify potential trends and trading opportunities. Traders using the Wyckoff Method typically study price charts, volume patterns, and market phases to make informed decisions about when to buy or sell securities. Overall, it aims to provide a framework for interpreting market activity and making more effective trading decisions. ETH is clearly in profit release phase atm: ❕4. The Search for Value: Digging for Diamonds Value investors are like treasure hunters scouring the market for undervalued gems. But this method also accounts for knowing when the price is over- or under valued at its current level. Valuation Metrics include: Market Capitalization (Market Cap): Compares a crypto's total value (price x circulating supply) to similar projects. A high Market Cap relative to peers might indicate overvaluation. Network Value to Transaction (NVT) Ratio: Divides Market Cap by daily transaction volume. A high NVT suggests potential overvaluation, while a low NVT might hint at undervaluation. Both ETH (436 at time of writing) and BTC (417 at time of writing) have a relatively high NVT ratio, which could be an indication of overvaluation. ❕Long-Term vs. Short-Term Investing: Investors should consider their investment goals and time horizons when formulating strategies. Long-term investing typically involves buying and holding assets for an extended period, while short-term investing focuses on capitalizing on immediate market movements. Each approach has its advantages and risks, depending on individual circumstances and preferences. The long and short of the matter here is buying low and selling high. Two methods for TECHNICAL PRICE PREDICTION: 1) Fibonacci Fibonacci can be helpful to speculate future price targets by using it on a macro scale: 2) Logarithmic Analysis Find more information on ETH LOG here:
by CryptoCheck-
1
ETH — ROAD TO 1000$After analyzing the bitcoin situation, I would like to note the situation with ETH. This asset has not been pummeled by big players, so it has not yet managed to reach its ATH. I believe that in the near future it will not be able to do so either. A large number of long positions will also prevent us from going higher, but in the case of ETH the situation is much better. At the bottom there is only one significant liquidity cluster in the range of 1500-2000. Further everything is very well traded up to the level of 1000, so even if bitcoin suddenly goes below 15000 ETH is obliged to stay above its previous global break around the level of 1200-1300. A squeeze up is possible if bitcoin makes a final push upwards and as a consequence the last remaining liquidity will be collected up to the level of 4250 at the most for ETH. I expect a reversal of the asset and correction to 1200-1300.
Short
by glazirovaniysirok
6
ETH → What to expect?In Ethereum (ETH) trading, we have reached the global "OB" point on the monthly timeframe, marking it as our primary area of interest (POI) to begin analysis and strategy formation. In addition, there has been a noticeable accumulation of liquidity from lower levels, indicating a potential decline to the 1-hour FVG (fair value gap) followed by directional development. In such scenarios, it is extremely important to seek confirmation before making trading decisions. Bitcoin's current ATH (all-time high) could lead to a period of consolidation, possibly followed by a rally in altcoins. We continue to closely monitor the market, anticipating potential declines and aiming to achieve our initial targets.
BITSTAMP:ETHUSDShort
by truepersonal
2
ETH global correctionGlobally ETH still has the possibility of updating the ATH but without a preliminary correction it seems barely possible for me. We can see a huge amount of liquidity from below up to the 2500 level without areas of imbalance though. Positive funding is also the reason for my bearish attitude, a large number of long positions never allow you to grow further. I expect reaction from OB1. It is possible to puncture upwards to collect liquidity and further descend downwards, collect liquidity and further reaction from OB+
Short
by glazirovaniysirok
1
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders. Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the ETH 1-day update. A detailed examination of the daily chart underscores Ethereum’s robust bullish momentum, as the price undergoes a substantial and impulsive upward movement, reaching the critical resistance area represented by the prior major yearly high of 3.6K. Despite the formidable barrier at 3.6K, Ethereum’s overall outlook remains highly bullish, with market participants largely anticipating a successful breach of this level in the coming weeks. Such a breakthrough would likely signal the expansion of the uptrend towards Ethereum’s ATH, positioning the price for a new high in the medium term. However, until such a breakout occurs, the 3.6K price range is likely to serve as a containment zone for Ethereum’s movements. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
1
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders. Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the ETH 1-day update. the price has been rallying after rebounding from the 2,200 support level a month ago. Both the 2,400 and 2,700 resistance levels have been broken with ease, and the price has also pushed above the large ascending channel. The 3,000 resistance level is currently being tested, and the market is failing to climb higher. ETH’s price might decline toward the 2,700 level in case a correction occurs before breaking higher. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
1
ETHUSD (D) may experience a decline to the $26K-$26.5KCOINBASE:ETHUSD ETHUSD may experience a decline to the $26K-$26.5K ETHUSD (D) may experience a decline to the price range of $26K-$26.5K. This assessment is grounded in the following observations: RSI divergence at both the peak and trough of the recent uptrend indicates a weakening bullish pressure relative to selling pressure. The non-breaking of the MA50 support on the initial attempt is a typical response but also suggests a reevaluation of the prevailing trend. The abrupt and notable decline, swiftly moving from the $26K price range to $22.4K, raises substantial concerns compared to the preceding ascent. Despite a robust price increase, recent volume has not demonstrated remarkable strength, highlighting the presence of numerous unsustainable FOMO factors. RSI resides in the overbought zone, signaling the potential for a price correction at this stage (yet to be confirmed as a trend reversal). The nearest price support zone lies within the range of $26K-$26.5K, presenting an opportune level for this corrective phase.
COINBASE:ETHUSDShort
by VNSmartMoney
3
ETH → Ethereum Falling to $2,200!? A Prime Short Opportunity!Ethereum has reached the Resistance Zone at $2,850 and has shown the first signs of resistance. Should we enter a short? How do we trade this? 🤔 The conditions are such that we should be looking for a short entry. We have three pushes up since the start of the last bull leg from $2,200, a strong Resistance Zone at the current price, and an RSI that is overbought at 78.00. We are in the potential short territory but need the sell signal and confirmation prior to entering a short. Wait for the price to fall sharply and watch the candles after. It's likely we'll get a re-test of the $2,850 area before another sell bar occurs. Once that sell bar occurs, a 1:2 Risk/Reward Ratio is available to us if we enter the market at around $2,825. Set your stop loss into the Resistance Zone above the previous high and target 1:2 R/R for a take profit in the $2,350. 💡 Trade Idea 💡 Long Entry: $2,825 🟥 Stop Loss: $3,025 ✅ Take Profit: $2,350 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. We have three pushes up since the start of the last bull leg from $2,200 2. Early signs of resistance at the current level 3. Strong Resistance Zone at the current level 4. Gap to the Support Zone 5. RSI is overbought at 78.00 and above the Moving Average, supporting the drop in price 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
INDEX:ETHUSDShort
by TraderEngineering
3