-RDThe existence of RD has finally caused the fall of Ethereum and if it loses its channel floor, it can have a further fall
Ethshort
ETH ETFs to Follow Bitcoin's Footsteps?
ETH/USD is expected to experience increased volatility this week, with spot Ethereum ETFs set to go live on Tuesday, according to Bloomberg. The Securities and Exchange Commission (SEC) is poised to finalize updates on the products today.
Ethereum ETFs follow the path of eleven trading spot Bitcoin ETFs, which have amassed over $54 billion in assets under management since their January debut. Bitcoin has surged 47% this year.
Demand for the ETH ETF funds are projected to be 20% that of the spot Bitcoin ETFs, according to Bloomberg analyst James Seyffart. Meanwhile, the Bitcoin 2024 Conference will commence on July 25, featuring Republican nominee Donald Trump, who is set to discuss a potential US Bitcoin strategy. Speculation is rife that Trump may announce the creation of a U.S. Bitcoin strategic reserve during his highly anticipated appearance.
David Bailey, the organizer of the Bitcoin 2024 conference has also hinted that Tesla CEO Elon Musk could make a surprise appearance at the event. Musk recently updated his X profile picture to feature laser eyes, a symbol among bitcoin and crypto enthusiasts as noted by Michael Saylor, founder of bitcoin-buying software company MicroStrategy, alongside a screenshot of Musk's new profile picture.
ETH/USDT 1DAY CHART UPDATE !!Ethereum has recovered from the lower boundary of the descending channel and is currently trading above $3,300. The next significant resistance level lies around $3,400. A break above this level could see ETH target the $3,600 mark.
Support is strong at $2,950, which aligns with the previous consolidation zone and the lower boundary of the descending channel.
A break and close above $3,400 with high volume could target $3,600 and above.
Failure to break $3,400 could lead to a retest of the $2,950 support area.
Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
ETH correction is finished...In my opinion, the correction in CRYPTOCAP:ETH is complete. I am expecting major upside moves in this quarter, specifically around July 20th-21st, rather than in the last quarter.
ETH/USDT CHART ANALIYSIS !!Ethereum (ETH) against Tether (USDT) on Binance shows notable price action within a descending channel. The price is currently at $3,112.96, showing a slight increase of +1.51%.
ETH has been trading within a descending channel since early April.
The price bounces off the lower boundary and moves towards the upper boundary.
The price found strong support in the $2,900 - $3,000 range.
The 200MA (green line) acts as significant resistance above the current price. Additionally, the upper boundary of the descending channel serves as another resistance level.
A horizontal supply zone around $3,100 to $3,200 is creating selling pressure.
The price was rejected at this level previously and is now attempting to break through again.
The 200-day moving average (200MA) is currently above the price and acts as resistance.
A breakout above the 200MA would be a bullish signal.
Volume:
Although not shown in this chart, volume is crucial in confirming breakouts or breakdowns. High volume on a breakout above the 200MA would strengthen the bullish case.
Scenarios to Watch:
A breakout above the 200MA and the upper boundary of the descending channel would confirm a bullish trend.
The next resistance levels to watch would be around $3,400 and $3,800.
A breakdown below the support zone and the lower boundary of the descending channel would indicate further downside.
Key support levels below the channel would be around $2,700 and $2,400.
The price could also consolidate within the current range of $2,900 to $3,200, forming a base before a decisive move.
Indicators and Signals:
Monitoring RSI can help identify overbought or oversold conditions.
MACD (Moving Average Convergence Divergence): Crossovers in MACD can signal potential trend reversals.
ETH is rebounding from the support trendline and testing the 200MA Watch for a breakout above the 200MA or a breakdown below the support trendline.
$3,200 (supply zone), $3,400, $3,800.
$2,900, $2,700, $2,400.
Stay alert for high-volume moves to confirm breakouts or breakdowns. This will provide a clearer direction for the next significant price action.
Feel free to ask for a more detailed analysis or additional charts!
Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
I'm out of my mind and waiting for ETH at 10k+.....I will briefly explain why I think so... I study wave analysis of charts and usually triangles are formed in the last phase before a bear market (global) on ethereum, this is exactly the figure, add to this that I expect an alt season and a flow of dominance below the 40% minimum. If you look at the BTC/eth chart, there will also be this triangle, which gives me an idea of possible movements
ETH/USD at Critical Juncture:Overview:
The daily chart provides a more granular view of the recent price action and highlights shorter-term trends and key levels for COINBASE:ETHUSD
Key Technical Points:
1. Trendline and Channel Patterns:
- The price is navigating within a smaller descending channel within the larger weekly channel.
- A breakout from this descending channel could signal the start of a new bullish phase or continuation of the downtrend.
2. Fibonacci Retracement Levels:
- The daily chart also respects the Fibonacci retracement levels, with the 0.618 retracement at around $3,700 acting as recent resistance.
- The 0.5 and 0.382 levels at $3,121 and $2,820 respectively, are crucial for determining the next price direction.
3. Moving Averages:
- The daily 50MA has been a critical level of resistance recently. The price needs to break and hold above this moving average to confirm a bullish reversal.
- The daily 200MA is providing long-term support and is currently around the $2,820 level.
4. Volume Analysis:
- Volume spikes have coincided with key price movements, indicating strong interest at critical levels.
Conclusion
The daily chart indicates a struggle with resistance around $3,121. A break above the 50MA and 0.618 retracement would confirm a bullish reversal. Support at $2,820 is key for maintaining the bullish outlook; otherwise, lower levels might be tested.
ETH Poised for Post-ETF Approval Pullback: Short to 3.2k ZoneEthereum surged over 30% in anticipation of its much-awaited ETF approval, but the excitement may be short-lived. As traders who missed the initial rally eye the $2.9k to $3.2k support zone, a pullback seems likely. With ETH currently trading around $3.8k, a short trade to this support area presents an attractive opportunity.
Technical Analysis:
Visible Range Volume Profile (VRVP): The VRVP indicates a significant volume zone at $3k, suggesting strong support at this level.
Average Directional Index (ADX): The ADX, a momentum indicator, is losing strength, signaling a weakening trend.
Proposed Short Trade:
Entry Price: 3.8k zone USDT
Take Profit: 3k zone USDT
Stop Loss: 4.110 USDT
Rationale:
The post-ETF approval euphoria is likely to fade, leading to a price correction.
The $2.9k to $3.2k zone represents a strong support area, as evidenced by the VRVP.
The weakening ADX suggests a loss of momentum in the uptrend.
Risk-to-Reward Ratio:
The potential risk-to-reward ratio for this trade is approximately 3:1, implying a potential 3% profit for every 1% risk.
BITCOIN CRASH TO 54.7K MINIMUM MT. GOX DUMP!!!Hello as you can see we have 5 waves up and an abc correction. we are working on the C wave and i expect it to hit 54.7k because that is the 1.1 extension fib of wave a measured from wave b (be careful tho as wave C can go to 1.618 which would be 44k i dont see that happening this time tho as we still need to make a wave 5 on the super large time frame), as well as having a FVG that needs filled there, as well as being the base of the channel we are in. It is a triple confluence.
If you look at RSI we have a bearish divergence as well.
The two bottom indicators i am using are also showing to be in the middle of a wave right now. that would be the C wave on the large time frame. we will be making the 5th wave down on the lower time frame which on the lower time frame of that will be a 5 wave impulse move because we are in a downtrend.
Also, Mt. Gox, an old exchange that went down like 12 years ago is starting to repay their creditors in July, which is now, so those people are sitting on like 14000% profit and are going to cash out and dump hard. it is a total of like 18 billion.
This is a negative outlook but its just what the data show. when the data show bullish then i will be bullish but there is just so many things right at this moment ab to crash btc so just hold on tight and open a short.
i have one open from 63.2k and a target of 54.7k. Lets see if it hits.
ETH's next move..ETH bounced exactly from Monday's mid-range. Now it's testing Monday's high and the weekly open. If it holds there, ETH will test the quarterly open.
$ETH chart LTF weakness#eth #ethereum chart formed bearish divergence in LTF. Small correction may be necessary. Not financial advice.
ETH SHORT 6/13/2024In my previous analysis I predicted an ETH retracement to 3400 zone. now that we are here hovering around 3470 , i will be placing a short to 3425
READ TO GET LIQUIDATED?I am pretty sure your sentiment about Ethereum it's bullish. But are you really sure? I think that sooner or later that gap will get closed and longs are increasing. Is there something better than a flash dump to get some liquidity? $3.300/3.400 is the key level to monitor
ETHUSDT, falling after bulls distributedHi,
In previous idea i mistake with bulls correction. After 4H timeframe was analyse its clear bearish tendention after big bulls volume was distributed. Bears target 3539 - strong 4H X-Lines level. Support me.
ETH/USDT 4HOUR CHART UYPDATE Hello friends, welcome to this ETH update from Crypto Sanders.
ETH/USDT Brief Update
Ethereum (ETH) is currently trading within a head and shoulders pattern on the 4-hour timeframe, as seen in the chart. Here are the key points:
ETH is showing a head and shoulders formation, which typically signals a potential bearish reversal.
Resistance and Support:
Around $3,950 to $4,000 (highlighted by the left and right shoulders).
Close to $3,640 (lower boundary of the pattern).
A breakout above the right shoulder (~$3,850) could lead to further gains.
A breakdown below the support level (~$3,640) would confirm the head and shoulders pattern, which signals a potential decline.
Monitor the $3,850 resistance level for signs of a breakout.
Keep an eye on a potential breakdown below $3,640 for bearish confirmation.
Stay tuned for further updates and analysis!
I have tried to bring the best possible results in this chart.
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Thank you.
ETHUSD Short IDEARisk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck!
ETHUSD SHORT IDEARisk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck!
Eth trade ideaI am bullish on Eth since last month as per my previous Ideas. Now again its forming a good entry for long. Below PDL (Previous Day Low). is liquidity trap zone and also equal lows. I am looking for that area zone to be filled then I will look for long trade. I took help by SMC indicator.
#Eth Impulse drop to $3700Waiting on entry confirmation to short #eth.
Target is $3700 based on head and shoulder which also aligns with another confluence however I'll be looking to exit earlier at $3750 support.
I'll update when I enter(Likely 1:45 pm to -2pm). Anticipating an impulse quick drop...doesn't have to playout that way though
Short setup invalidated above $3900
Also. The head and shoulder is just 1 confluence that's easy to understand so thought I share. I mainly trade base on structure and key support and resistance areas, W volume, fibs , ema confirmations.
This not meant to be long term trade, just a corrective short down to daily support area.
Ethereum downside or breakout?Watching Ethereum (ETH) closely after it reached a high of $3,040 on a 4-hour timeframe chart today.
If support at $2,923 crumbles. A break below this level could send ETH down to $2,874.
However, there's also a chance for a breakout on the upside. If Ethereum can overcome resistance at $3,100, it could surge towards $3,160 or even $3,200.
ETH IS IT POSSIBLE?I see lot of greeds around ETH, and i think we can see something similar as the BTC ETF event. A shakeout and a drop can likely happen, and it would be a gift if the price can drop till $3.300, a level that looks solid for a possible bounce. Main trend is bullish and actually there are no reason to look for a short
ETH Short on 15m. Head & shoulderNice Head & shoulder formed on on ETH
We also have a divergence with BTC where ETH made a lower higher and BTC made a higher high
The thing is BTC has just grabbed liquidity and is heading to the downside now.
Target the distance of the H&S to the downside which align to a strong supply zone
ETH pullback? Eth appears to be at resistance and also I’m seeing some unusual amounts of eth being transferred to exchanges. Personally looking for price to move towards 2100-2500.
THIS IS NOT FINANCIAL ADVICE
