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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
Ethereum's Market Dynamics PMI Forecast (Short)In the Ethereum community, traders are keeping a close eye on recent crypto market happenings, especially how Ethereum compares to Solana. They're discussing technical stuff like patterns and support levels for ETH/USD. One hot topic is Solana's decentralized exchanges outdoing Ethereum in daily trading volume. People are feeling positive about Solana's success and wondering how it might affect Ethereum's place in decentralized finance (DeFi). Traders are thinking about how this competition could impact Ethereum's market share and user activity, seeing it as a positive sign for Solana's DeFi growth. In this mix, there's a generally positive vibe around Ethereum. Community members are sharing insights on technical analyses, highlighting support and resistance levels, and looking into short-term trading opportunities. But, there's a key event to watch out for: the ISM Service PMI forecast on February 5th at 10 am. The ISM Service PMI, expected to be 52 with a previous reading of 50.6, matters because it tells us about the growth or shrinkage of the services sector. Since Ethereum is influenced by overall market trends, traders and investors will keep a close watch on this economic indicator. It's important to note that if the forecast is too optimistic, it might create uncertainty, leading to a reassessment of market feelings and a possible price change for Ethereum. To sum up, being part of the Ethereum community means navigating through technical details, DeFi competition, and the upcoming ISM Service PMI forecast. While there's generally positive thinking, the high forecast raises a caution flag, hinting that Monday, the 5th, might bring a potential price shift in Ethereum as the market responds to economic indicators and competition dynamics. #Ethereum #TradingView #CryptoAnalysis
EIGHTCAP:ETHUSDShort
by SFXTradez
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 of Ethereum is fluctuating inside a large ascending channel. The higher boundary of the pattern paired with the resistance level of 2,750 has rejected the price to the downside. The market has since fallen below the 2,400 level and is currently retesting it. If the price fails to climb higher again, the chances of a further decline towards the 200-day moving average located around the 2,000 level will be significant. 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
2
ETHEREUM - IF BITCOIN FALLS, ETHEREUM WILL FOLLOW (TARGET $1900)As you might have noticed, the crypto market isn't doing so well (depending on which side of the table you're on) and the continuation of the correction is imminent. I've recently posted a Bitcoin analysis and I thought it would bring some value to do the same on ETH. Here is my view on things: What is on the chart? (Follow the steps) 1) November 2023 is illustrated by a large breakout structure that gave place to the continuation of the rally. 2) Following the breakout, a range was formed mirroring BTC. This range had everyone on their toes, impatient for a huge price swing upwards. This obviously never happened. 3) The manipulative false break. I'd like to put an accent on the Power of 3 . It is essential price action theory that is elegant in its simplicity and accurate in its delivery. Step 2, 3 and 6 (spoiler alert lol) represent the 3 components of the Power of 3: accumulation, manipulation and distribution (respectively). 4) Some Ichimoku Kinko Hyo technicals to spice things up. We have a break of the daily Kijun and Tenkan + a crossover of the Kijun/Tenkan + a Kumo twist + a break and RETEST of the weekly Tenkan + the daily Chickou Span below past price. How many bearish signals/confirmations do you need!? I think that's enough. 5) Key breaking point (obviously what matters is Bitcoin, if BTC doesn't break, ETH won't either). I expect price to enter the daily FVG and then tumble. Again if BTC tumbles now then ETH might not even touch the FVG. I'd also like to mention a chart pattern that will satisfy the retail sphere since everyone likes patterns, right? ASCENDING BROADENING WEGDE or RISING WIDENING WEDGE or whatever else people call it nowadays. This is a bearish structure regardless of its name. 6) EQUILIBRIUM . Fancy way of saying the 0.5 level of the range. This is the entrance to discounted prices which is what we're looking for with any major correction. 7) The 0.702 level + a daily bullish order block which will also mean the sellside liquidity is taken out. All reversal conditions that characterise a bottom. As always, I hope you enjoyed this analysis and that money will fall from the sky. Have a great day and happy trading!! ;)
Short
by Lexi_Is_Trading
7
ETH - Bearish ☁️; Price Under Pressure? Time to Short? Bearish clouds and rain linger over the global crypto market in the next 24 hours, indicating downside risks. Particularly Ethereum will come under pressure, ATTMO shows. The price of Ether fell 5 percent to roughly 2,230 dollars. Ripple’s XRP, Cardano and Dogecoin, however, have upside potential over this time horizon. Over a one-week horizon, the bearish trading trend will extend to all crypto coins covered by ATTMO, with the exception of Dogecoin which is likely to have additional upside potential. Follow us for more crypto weather reports!
BITSTAMP:ETHUSDShort
by ATTMO
ETHUSD - MY BEARISH SCENARIO DESPITE ALL THE HYPE (TARGET 2100) Yes I know it's bullish on paper but here's a contrarian idea to bring some perspective. What's do we see? (follow the numbers on the chart) 1) The high that's the base of the resistance trendline. 2) A breakout structure that presents sellside liquidity (potential target). 3) A major consolidation that gives a lot of sellside liquidity which to me is a big driver of this bearish analysis. 4) This is a big breakout that led to a lot of hype. What if ETH breaks free from its Bitcoin chains? Well I don't believe it. Right now Bitcoin is still the driver of the crytpo market and that's just fact. 5) The high, aka buyside liquidity, that isn't random. It ended perfectly at the top of the weekly FVG. This to me justifies the consideration of a bearish scenario, ESPECIALLY because BTC is also bearish in my eyes. 6) A re-entry of the range. This is typical for most price action. 7) Liquidity taking. Those lows are just too attractive to not be taken out. But again who knows? Anyways thanks for reading and happy trading! ;)
BINANCE:ETHUSDShort
by Lexi_Is_Trading
2
ETH & BTC - OMG WHAT IS HAPPENING?! (CROSS ANALYSIS)Don't panic, this was expected. It's not the end of crypto, it's just a healthy correction that we need once and a while to justify a rally in the future. Price cannot always go up even though we wish it was that easy. What is on the charts? (3 steps) 1) The consolidation that had us wonder what was going to happen. (Again we forget that there is also option trading amongst other things with Bitcoin and time plays a big role. In fact, time is so important that if you can control when price will drop just by being a big player, you can put everyone out of the money right at contract expiry. One of the many ways whales will f*** you. How do I know? I don't. But if I had the ability to move markets I'd do just that.) 2) Bearish structure that could have been a short entry but obviously I prefer a double confirmation. Double confirmations just put probabilities on our side. When money is on the table, you either gamble or play the probabilities game. That's what we're doing here: trading not gambling. 3) Sellside liquidity taken out. This is our signal. If not now then when? Again this isn't me telling you to short. Who am I? No one, do your own research. So what now? We want a retracement in the reload zone and the 0.702 + FVG is THE place to be. If it goes higher then I'd cancel the idea for now. Again the DAILY ANALYSIS supports the short and that's what matters. As always, happy trading and stop gambling you ape. ;)
BINANCE:BTCUSDShort
by Lexi_Is_Trading
ETH/USDT 4HOUR UPDAT BY CRYPTOSANDERS !!Hello friends, welcome to this ETH update from Crypto Sanders. Chart Analysis:- The cryptocurrency has been forming a falling wedge pattern since failing to break the 2,700 resistance zone. A bullish breakout from the wedge could result in a retest of the 2,700 level, while a breakdown would be disastrous, as the price could drop to the 2,400 level in no time. 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
2
The ETHUSDT chart is showing some positive developments.Firstly, what I'm saying is not to be considered as investment advice; it's just a cautionary note. If you take a slightly broader look at the Ethereum chart since the beginning of October, you'll notice a nice and well-behaved channel that has formed. ETH is currently at the bottom of this channel and has also formed a very nice "falling wedge" pattern. If you're not aware, falling wedge patterns are often indicative of an upcoming upward movement. Most likely, the price consolidation here will lead to a move towards the 2900 region, drawing strength from the bottom of our ascending trend channel. However, before this happens, a fake breakdown of the lower zone, i.e., a spike below the channel, is also possible. Remember, what I'm describing is only meant to provide guidance, not the actual path. Good day and profitable trading.
Long
by TonyStellar
3
ETH - Time For PULLBACK /Buy Back Zones📉Hi Traders, Investors and Speculators of Charts📈 Ethereum has recently taken the spotlight with an amazing 21% increase. If you missed the rally, don't worry! Look for a lower buy back zone while ETH undergoes a correction back to support zones. From a 4h perspective, there is a clear local topout meaning sellers have taken control. There is a strong resistance zone at 2800, and the price will have to find support lower before attempting to go to 3k. I've pointe out two potential bounce zones / support areas / buy back zones for Ethereum to test before reattempting 3K resistance zone. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:ETHUSDT
Short
by CryptoCheck-
1
ETH Faces Downside Risks; 24H, 3D & 7D Horizons Look ☁️ The latest upgrade of the Ethereum blockchain, Dencun, went live on Wednesday. It did, however, face some technical glitches which were eventually fixed. The price of Ether dropped 0.3 percent over the past 24 hours to 2,450 dollars. Mixed trading conditions lie ahead for the global crypto market in the next 24 hours. Bearish clouds linger over altcoins such as Ether, Cardano and Avalanche, as forecasted by ATTMO. Over a one-week horizon, these cloudy skies will also prevail over Bitcoin and XRP, signaling downside risks. This bearish trading trend will extend over Ether, Litecoin, Cardano and Avalanche. Follow us for more crypto weather reports!
BITSTAMP:ETHUSDShort
by ATTMO
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH update from Crypto Sanders. Chart Analysis:- On the daily timeframe, the price has been on the rise since breaking above the 200-day moving average and the large descending channel. While ETH is still trading above the key $2,000 level, it is going through a consolidation phase below the $2,400 level, failing to climb higher. The Relative Strength Index is also hovering around the 50% level, pointing to an equilibrium in momentum. As a result, the short-term price action heavily depends on whether the cryptocurrency drops below the $2,000 level or successfully breaks above the $2,400 level to target the $2,700 resistance 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 updateArrows and timescale is for demo only. This is an update ETHUSD long term trend. Ethereum has always been good to us and has very much played out like my last idea. However i think near term is a time for a small correction. This is due to BTC market conditions and the fact that Ethereum does not live on an island but follows the BTC god market. I expect Ethereum's run up to continue, however as mentioned before it is likely we dip before the next big leg up. This will be a good opportunity for those who missed the boat to ladder in. If you've been following my idea's then you would have already been in, and in that case i believe it is best to hold your position. If you have liquidity and ETH does dip then buying more wouldn't be a bad idea as long as it matches with your personal risk tolerance and position sizing for ETH.
COINBASE:ETHUSD
by ecicic