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Ethshort

Bearish Outlook on ETHIntroduction : Ethereum (ETH) has been showing signs of potential weakness that could provide a viable shorting opportunity. This analysis focuses on the possibility of ETH breaking below the opening level of May, which could signal a bearish trend. Analysis : May Opening Level: The opening price of ETH in May has proven to be a significant support level. If this level breaks, it could indicate a stronger bearish momentum and potential short entry point. Increasing Selling Pressure: Look for an increase in selling volume as ETH approaches the May opening level. This could provide additional confirmation of bearish sentiment in the market. Bearish Divergence on RSI: The Relative Strength Index (RSI) is a powerful tool for identifying potential reversals. If ETH shows lower highs on the RSI while price records higher highs, this bearish divergence could indicate that the bullish momentum is weakening. MACD Crossover: A bearish crossover on the Moving Average Convergence Divergence (MACD) could provide additional evidence of a potential downturn. Conclusion : The potential break of the May opening level could signal a shorting opportunity on Ethereum. It's crucial to wait for confirmation such as a close below the May open on a daily or weekly timeframe, which could confirm bearish sentiment. Trade Idea : Consider entering a short position if the May opening level is broken and confirmed with a daily or weekly candle close beneath it. A stop loss could be placed above the broken support level (which could act as a new resistance) to manage risk. The first target for the short position could be the next significant support level. Remember, trading involves risks. This analysis is intended to provide a perspective based on technical indicators and should not be taken as financial advice. Always conduct your own research and consider your risk tolerance before making any trading decisions.
Short
by sahbil
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- ethereum (ETH) was also a victim of the recent storm surrounding the market, with prices dropping below 1,800. Following a high at 1,870.82 to start the week, ETH/USD slipped to an intraday low of 1,780.21 earlier today. the decline in ETH was relatively muted, with prices hitting a ten-day low. ethereum is now down by 6% in the last seven days, while Bitcoin has lost over 8% of its value within that same period. Ethereum’s RSI reading currently sits close to a support point at 42.00. bulls have moved to buy the earlier dip, with ETH now trading at 1,814.38. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
Technical analysis of the ETH contractTime flies, the new week has begun, review the overall trend of last week, the daily level even negative down, the overall magnitude is not large, the weekend small level even positive rise, but did not break high upwards, and the current trend, our thoughts remain unchanged, need to focus on two issues. First: the price broke high, then the front of our expected shock down or will form a shock trend; second: is the price of the second pressure retreat, this week's continuity is the focus, the outbreak of the market may be extravagant not. These are the two points that we need to focus on at the moment. Last week's high short ideas remain unchanged, 1890/1910 this interval to choose any position high short can be. Defensive tape 1920.
by sooyeon520
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) also suffered from the day’s volatility, with prices again moving below 1,900. ETH/USD dropped to a bottom at 1,864.17 to start the week, a day after trading at 1,912.21. The decline is the third day the world’s second-largest cryptocurrency has fallen lower. Should bears continue to control market sentiment, ETH will likely hit a floor at the 1,830 level. Price strength is currently at a reading of 51.57, with a point of support close, at the 51.00 zone. If this level is broken, there will likely be an influx of bearish activity. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
Ethereum continues to hold back the bulls.Ethereum - 24h expiry - We look to Sell at 1904 (stop at 1954) 1905 continues to hold back the bulls. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. Preferred trade is to sell into rallies. Expect trading to remain mixed and volatile. We look to trade the current range. Our profit targets will be 1784 and 1764 Resistance: 1880 / 1900 / 1925 Support: 1860 / 1840 / 1820 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
BTC, ETH: 🌥️ XRP: 🌴 Brace for Correction?Cloudy weather with some sun – a slightly bearish market with downside risk – lies ahead for the global crypto market, including Bitcoin and Ethereum, in the next 24 hours. 🌥️ But fear not! Over the one-week horizon, the trend points to a slightly bullish market with upside potential for the crypto market. 🚀 Now, let's talk about XRP - an extended bull market with an imminent market correction likely. 🌴📉 XRP has rallied 14 percent in the past month when its competitors traded in negative territory on the XRP community’s hopes of an imminent court decision in its favor in the US. Follow us and stay tuned for more crypto weather insights and reports! 🌩️⛅🌈
BITSTAMP:BTCUSDShort
by ATTMO
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- ethereum (ETH) also moved higher in today’s session, climbing closer to the 1,900 level in the process. ETH/USD jumped to an intraday high at 1,896.62 earlier in the day, less than 24 hours after hitting a low of 1,851.96. Friday’s rally saw the world’s second-largest cryptocurrency end a two-day downturn, following a bounce from a floor of 1,830 on Thursday. a bounce on the RSI also took place, with price strength jumping from support at 51.00. The next visible point of resistance now appears to be at 59.00, and should ETH reach this point, the price will be closer to $1,930. ethereum is trading at 1,903.49. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
4
Unveiling the Market Cycle of Ethereum (ETH) Pattern Structure: ETH is currently displaying three distinct phases of the market cycle: contraction, expansion, and the ongoing mark-up phase. This indicates a bullish area in the market. Understanding these phases can help traders anticipate potential price movements and position themselves accordingly. Probability of Move: Considering the completion of the contraction and expansion phases, the current mark-up phase suggests a higher probability of a bullish continuation. Traders should carefully analyze price action and other supporting indicators to validate this probability and make informed trading decisions. Trade Setup: Entry Level: The recommended entry level for ETH is $1830. Target: The target for this trade is set at $1932. Stop Loss: To manage risk, a stop loss level of $1820 is suggested.
Long
by TheNewsCrypto
39
Looking to short ETH before NFPWe are seeing a switch in daily and 4h trend to bearish so we have been waiting to take shorts since the start of May, but we had no confirmations on LTF and a valid setup to short this one today we saw a good setup on 4h and 15m so we looking to take shorts on LTF, which is 3m in this case Even tho NFP is in 2 hours and we know that price might shoot up bcs it seems that Unemployment is going higher again, so in theory XXXUSD pairs would go up but know knows... we just want to enter and exit before NFP if we can make small profit since this is a nice setup 1D 4h 1h 15m 5m
COINBASE:ETHUSDShort
by Cleerboy
Is ETH About to Breakout?The short and long of it is: Probably not. Current Situation: • Admittedly, ETH looks somewhat better than Bitcoin. However, if you are not long from the range lows, now is definitely not the time to long. • ETH has been in a range since May 8th. During the month of May ETH tried to break out of the range three times (including today) without success. • Common sense trading dictates that you short resistance and long support. • Do not let FOMO rule your decision-making process. Let PA show you if this breakout attempt is real. • If ETH breaks the range high (1886) and tests it as support, we can look for a long entry, for now ETH is a short opportunity. • Please read my linked idea about BTC, because a lot what I wrote there is also relevant for ETH. • Be carful with your SL placement. Not too tight, because ETH’s MM’s send nasty wicks up and down to stop traders before making a move. • It may be best to wait for the volatility of the weekly close before entering the trade. Depends on your confidence and trading style. • Look for a rejection candle and/or bearish Divergences before taking the trade. Trade Idea: • Entry: 1867. • SL: 1886. • Targets: TP1: 1757 (Previous low). TP2: 1735 (Range low). TP3: 1712 (0.5 fib). NFA. Feedback will be appreciated. Best wishes to all.
Short
by NewThoughtCrypto
ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) was marginally lower today, however, it managed to remain above the 1,800 level. Following a high of 1,887.71 on Thursday, ETH/USD declined to an intraday bottom at 1,846.23 earlier in the day. The move saw ethereum edge towards a key price floor at 1,830, however, bulls have so far resisted this collision. ETH has now fallen for a fourth straight day, with the catalyst being a failed break out of a ceiling at 1,930. the RSI is now at a reading of 51.54, after failing to move past its own resistance at 59.00. ETH has rebounded from its previous low and is now trading at 1,862.93. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) dropped below 1,900 in today’s session, as bulls retreated from a recent multi-week high. ETH/USD sunk to a bottom at 1,860.37 earlier in today’s session, which comes after a peak of 1,914.85 the day prior. the shift in momentum has led to ethereum moving away from a recent high of 1,928, which was the strongest point price had hit since May 8. Failure to move past a resistance level of 1,930 can be partially blamed for the change in direction. bears now seem to be set on taking the price to a support point at 1,830, with the RSI hunting for a floor of its own. The index is now tracking at 52.60, with the next visible floor potentially at 49.00. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
3
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) was relatively more stable during today's session, remaining above 1,900 for the majority of the day. Following a low of 1,879.08 on Tuesday, ETH/USD raced to an intraday high of 1,916.57, as the session matured. this move saw ethereum continue to track close to its strongest point since May 8. An upward crossover of the 10-day (red) and 25-day (blue) moving averages has already occurred, which could likely entice further bulls to reenter the market. In the event this happens, a ceiling at 1,930 will be one of the last points of resistance preventing a move above 2,000 Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
2
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- ethereum (ETH) also increased on Monday, climbing above the 1,900 level. ETH/USD jumped to an intraday high of $1,926.42 earlier in the day, following a low of $1,839.13 the day prior. This surge led to the world’s second-largest cryptocurrency hitting a three-week high. today’s surge came as the 10-day (red) moving average crossed over its 25-day (blue) counterpart. If this trend continues, there is a strong chance that ethereum could move closer to $2,000 in the upcoming week. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- ethereum (ETH) also moved higher on Saturday, remaining above the 1,800 level. Following a low of 1,810.37 on Friday, ETH/USD managed to hit an intraday high of 1,837.87 earlier in the day. This surge led to the world’s second-largest cryptocurrency breaking out of its recent ceiling of 1,830. as the day has progressed, earlier gains have somewhat fallen, with ETH now trading at 1,828.18. It appears that market uncertainty has also risen, as the RSI neared a ceiling of its own at the 49.00 mark. Price strength is now tracking at 48.75, and should it break out of this point, then there could be further highs from ETH this weekend. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563