EthereumEthereum (ETH) trades near $3,040 on Wednesday as on-chain data reveals a mix of capitulation and profit-taking among long-term holders. The selling pressure stems from investors potentially rotating into other better-performing altcoins in the past week.Ethereum investors could be rotating into other alts
On-chain data shows that Ethereum is facing rising selling pressure after investors realized losses of $141.3 million on Tuesday — their highest since September 10. On the other hand, a few investors also sold in the past few hours to book profits of about $230 million.The ETH Age Consumed metric, which tracks the movement of previously idle ETH tokens, also saw notable spikes in the past two days, indicating most of the recent selling activity is potentially from long-term holders.
The chart below, which shows ETH's mean coin age across several age bands, reveals that most of the selling activity comes from coins within the one to three-year cohort.
Ethshort
#ETH/USDT#ETH
The price is moving in a descending channel on the 1-hour frame upwards and is expected to continue
We have a trend to stabilize above the moving average 100 again
We have a descending trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of
3009
Entry price 3162
First target 3290
Second target 3378
Third target 3500
ETHUSDT - Preparing for a Reversal? LocalI'm observing some interesting price action on the 15-minute chart for ETH/USDT. We’re currently in a short-term downtrend after hitting a recent high around $3,600, but there are signs the momentum could be shifting.
Key Levels:
Resistance: $3,250 – we’ve seen several rejections here recently.
Support: $3,050 – this level has held multiple times, showing buyers are stepping in.
Trade Idea: If we see a clean break and close above $3,250, I’ll be looking for a possible retest to go long, targeting the $3,400 zone, with a tight stop just below the support level. However, if $3,050 breaks, I’m expecting a deeper correction towards $2,900.
Risk Management: Keep the stop loss tight and watch for confirmation on the breakout to avoid any bull traps.
Let’s see if the bulls have the strength to push higher or if we’re in for a deeper pullback.
ETH/USDT Chart Update !!The ETH/USDT chart continues to show bullish momentum, with price action having recently broken above previous resistance levels and showing strength. The upward trend seems intact as ETH moves within a large descending channel, and the breakout suggests the potential for further upside.
ETH has broken the 200-day moving average (green line), confirming strong upward momentum.
If the current trend persists, the chart suggests potential upside targets around the $4,200 to $4,800 levels.
However, given today’s slight decline, it may be wise to retest around the $2,700 support area to confirm the strength of the breakout.
As long as ETH maintains the new support levels, this setup looks positive for the long-term bullish scenario. Keep monitoring any potential pullbacks for a safe entry if you are considering new positions.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
#ETH/USDT / Ready to go up#ETH
The price is moving in a descending channel on the 30-minute frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 2780
We have a downtrend, the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 2808
First target 2855
Second target 2913
Third target 2988
ETH/USDT points highlighted. Ethereum is trading within a descending channel, shown in yellow. Currently, it is near the lower boundary, which has provided support in the past.
The green highlighted area around $2,300 acts as a strong support area. Ethereum is approaching this level, which could potentially trigger a bounce if buyers step in.
The green projected line suggests a potential rebound from the support area, aiming for a potential upside move toward $2,800 and beyond if momentum builds.
The chart includes moving averages that could act as additional resistance points in case of a bounce.
Ethereum fails to hold the $2,300 support, there could be further declines towards lower levels in the channel.
This chart suggests monitoring the $2,300 support area closely, as it could determine whether ETH begins a recovery or continues its downward trend.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
ETH/USDT 1day chart analiysis. ETH is trading at $2,471.71, showing minor declines—the green shaded area around $2,310–$2,370 is a key support zone. If price stabilizes here, this level could be critical for a bullish rebound.
ETH appears to be moving within a downward-sloping channel (yellow borders), with the upper trendline acting as resistance and the lower trendline as support.
The dotted yellow trendline and solid white support line create an intersection near the support area, suggesting a potential pivot zone. This intersection could act as a springboard if ETH finds support here.
The chart includes a red (likely short-term) and a green (likely long-term) moving average. ETH is currently close to the red line, which might act as immediate resistance. The green line is further up, suggesting that ETH would need significant buying pressure to reverse the overall trend.
The large upward arrow suggests a potential breakout scenario if ETH holds above support and gains bullish momentum. A successful breakout from this descending channel could lead to a retest of resistance levels around $2,580 and potentially higher.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
#ETH/USDT#ETH
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 2452
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 2525
First target 2613
Second target 2686
Third target 2771
#ETH/USDT#ETH
The price is moving in an ascending channel on the 4-hour frame
And it is sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at the price of 2300
We have an upward trend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 2430
First target 2535
Second target 2619
Third target 2733
ETH/USDT Analysis Update!Ethereum shows signs of resistance near the upper trendline within a descending channel, indicating a potential pullback in the near term.
Ethereum is currently testing the resistance level at the channel's upper boundary. Previous attempts to break the above have resulted in pullbacks, which could happen again if buying pressure does not increase.
The highlighted yellow area is a crucial support area, where buying activity has provided consistent upside in the past.
The recent price action indicates a potential bearish divergence, indicating potential downward movement if confirmed.
Consider a short position if the price fails to break the resistance level.
A stop-loss can be placed slightly above the resistance line to manage risk.
Target the lower support area around $2,270 to $2,210 as a potential area for profit-taking.
Continuous monitoring of Ethereum’s price action around the resistance level will be crucial to anticipate the next significant move.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
ETH - The Bullish & Bearish CaseToday we take a look at ETH and lay out a variety of trade ideas.
MONTHLY: From the Monthly perspective, ETH remains very Bullish. Essentially, going long ETH anywhere at or below the low of the Monthly MAC is a legitimate spot to buy. The target based on the Monthly chart is around 3,400 (approximately 30% above current price level). From an investment perspective, this is a great area to go long ETH.
WEEKLY: From the Weekly perspective, ETH remains Bearish, as we have not had a confirmed bullish trend change. Right now, ETH is trading at the Weekly MAC high, which is a legitimate place to look for new short entries, or to take profits from any longs taken at recent weekly lows. There is currently H6 bearish divergence setup, but not triggered. If it triggers, I will be shorting ETH to a target of the Weekly MAC low (2,337).
DAILY: From the Daily perspective, ETH remains Bearish. However, we are getting a potential bullish trend change (but not triggered/confirmed). There is H1 bearish divergence setting up right now, and if it triggers, the short trade target would be the Daily MAC low at 2,421.
As you can see, if you are an investor, the current price levels are reasonable areas to load up to the long side. However, the Weekly and Daily are still bearish until bullish confirmation. Daily is in the process of confirming bullish, but not yet. Day trades and shorter term swing trades to the short side are still valid.
Have a great week.
ETH (Crypto ETHEREUM) SELL TF H4 TP = 2286.86On the H4 chart the trend started on Sept. 27. (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 2286.86
This level, which I have outlined above, is certainly not a “finish” level. But it is the level that has the “highest percentage of hits on target.”
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
ETH/USDT chart, which shows trading within a descending channel.ETH continues to trade within the descending channel, which indicates a bearish trend in the short term. A breakout above the upper trendline could signal a bullish reversal.
The immediate support level is around the $2,240 mark. If Ethereum sustains above this level, it could see a potential bounce, leading to a bullish move.
There is a crucial resistance zone around $4,000 to $4,400. ETH could face selling pressure when it approaches this zone.
The chart includes the 21-day simple moving average (SMA), which is acting as a dynamic resistance. A clear breakout above the SMA could be a bullish signal.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other altcoin.
@Peter_CSAdmin
ETH/USD Short - last flush before the elections. The current 4-year crypto cycle is fairly mature. While previous 4-year cycles have begun to trend upward from October, this does not preclude us from seeing a last flush or even a three-month decline through to January. Particularly with so much institutional money involved now. Just keep in mind what Elon's single tweet did to the previous bull market during its mid-bull run.
NFP 120 (Cons:130) and unemployment rate 4.4 (Cons: 4.3) both come in bearish this Friday 4th of October. we continue up till then.
ETH - on the winning track?If we were into crypto and wanted to make a quick buck, we would probably buy Etherium now for around $2600 and hold it.
The reason: the Bitcoin/Etherium ratio is at a low point, i.e. if you still believe in crypto market gains at all, now would probably be the right time to stock up on Etherium. To sell it again in time, of course. We think at $3900 or so.
We're talking 50% gain until X-Mas!
As always, this is not a trading recommendation, just an idea to share. Use your own head and make your own decisions.
ETH/USDT 4-Hour Chart Update:The 4-hour chart shows a descending trendline that has acted as resistance, with ETH recently bouncing back after testing that line.
Ethereum has reached the $2,625 mark but is showing signs of correction.
A highlighted zone around $2,150 to $2,250 could act as the next support level if a downward correction materializes. This range aligns with a demand zone seen on the chart.
Based on the bearish sentiment and the break from the resistance, the next move could push Ethereum toward the $2,150 area, offering a potential entry point for buyers waiting near support.
Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.