ETHEREUM BEARISH IDEA FOR UPCOMING WEEKS, COULD DUMP UPTO 1900Since there is no major event related to crypto, so Ethereum and other major alt coins may plummet upto 20% to 50% in upcoming weeks.
My view for Ethereum is upto 1900 USDT.
Ethshort
ETHETH is currently retesting the hourly resistance level which was a previous support we can build short trade at this point.
Our target would be 2400 zone which is our buying zone for long term.
keep trailing stoploss.
ETH → Ethereum Reversal? This Trade Setup Takes Advantage.Ethereum has shown great signs of bull strength as Bitcoin and the crypto market burn hot into this bull run. The time for entering longs on the higher timeframes has likely come to an end. So is it time to short?
How do we trade this? 🤔
ETH does not have any sell signals yet, but we did just break into a major resistance area at $2,500. With four pushes up, Bitcoin near a strong resistance area as well ($46,000-$48,000), it's reasonable to start looking for counter-trend trades. I believe there is a short opportunity just below $2,500 down to the Daily 30EMA or the previous Support Zone.
To justify this trade, we need a strong sell signal in the current price range around $2,600. Once the $2,500 price area is broken, a potential test of that area should once again fail and give us a confirmation bar closing on or near its low. At this time, It will be reasonable to short scalp ETH at a 1:1 Risk/Reward Ratio.
💡 Trade Idea 💡
Short Entry: $2,500
🟥 Stop Loss: $2,740
✅ Take Profit: $2,300
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Four Pushes up from Breakout.
2. Entered Major Resistance Level.
3. Short Resistance Level with Proper Bear Signal.
4. RSI at 70.00 and above Moving Average, Supports Short.
5. Watch Bitcoins Response to Current Price Area.
💰 Trading Tip 💰
Never enter a counter-trend trade without the proper signal *and* confirmation. A signal bar will usually have a long wick, and a confirmation bar will follow shortly after the signal bar and have a strong body closing on or near its low or high (bear or bull).
⚠️ 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 comment if you found this analysis useful!
ETH Short-Term ☁️, 3D & 7D Forecast Bullish ☀️ Bullish skies ☀️ grace the global crypto market on the 3 and 7-day horizon! Upside potential beams for Bitcoin and altcoins as the SEC approves the first spot Bitcoin ETFs. A very bullish forecast for Ether, however, a short-term market correction is on the horizon in the next 24 hours. 🚀
ATTMO predicts a sunny week overall, but watch out for bearish clouds ☁️ looming over Polkadot, signaling potential downside risks.
Stay weather-wise in the crypto world and follow us for more crypto weather reports!
#ETH/USDT
#ETH
The price is moving in a bearish flag on the 4-hour frame
There is an equal probability of it breaking in both directions
Current price 2268
The target is up 2453
The target in case of decline is 2129.20
Get ready for the fall of Ethereum!hello friends
Ethereum is approaching its important resistance of 2440. And as you can see, the head and shoulders pattern is forming. which starts its downward trend after touching its resistance and will descend to the first target shown according to the shoulder pattern.
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH update from Crypto Sanders.
Chart Analysis:- As we are seeing Eth in the daily chat, upside heads and architecture artifacts have been created and these hard and soliders have been broken and doing the latest, we can expect about 30% to 35% from here. are are. maybe pumped
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.
ETH → Ethereum Triple Top Calling for Short Trade? Let's Answer.ETH's price action has been caught in a trading range since its bull run to $2,400 on December 9th. We've now registered three failed attempts to break that $2,400 resistance, is it time to short?
How do we trade this? 🤔
We can justify a small position short scalp with the current analysis at a 1:1 Risk/Reward Ratio. The justification is the triple top after three pushes up in a bull trend, two strong sell-offs since the $2,400, and the lack of bull momentum at the Daily 30EMA.
This position still carries a fair level of risk, so I would not use your maximum position size based on the initial risk. Rather, as more price action unfolds and provides us with more justification for bearish bias, we can add to our trade with additional entries.
💡 Trade Idea 💡
Short Entry: $2,225
🟥 Stop Loss: $2,510
✅ Take Profit: $1,940
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Three Pushes up from Breakout.
2. Three Sell bars after Push #3, Potential Triple Top.
3. Reasonable Short to Daily 200EMA.
4. RSI at 50.00 and below Moving Average, Indecision.
5. Watch Bitcoins Response to Current Price Area.
💰 Trading Tip 💰
The RSI on its own is a weak indicator and should not be used to make trade decisions. However, when coupled with proper price action analysis, it can help orient the current state of the market and supplement your chart bias.
⚠️ 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 comment if you found this analysis useful!
Ethereum Forecast: Navigating Market VolatilityAnticipating an upward trajectory towards $2,500 to $2,750, caution remains key amidst the cryptocurrency market's inherent volatility. Each downturn appears as a potential buying window, yet prudence in position sizing is advised. Institutional maneuvers and U.S. interest rate fluctuations may impact Ethereum. While declining rates could enhance crypto appeal, be prepared for the market's characteristic volatility amid potential buying opportunities during dips.
ETH → Ascending Wedge, Double Top, About to Drop!? Let's Answer.Ethereum has a string of reversal indications that give us a picture of bearish price action. Are these data points enough to enter a short?
How do we trade this? 🤔
Three pushes up, an ascending wedge, and strong resistance alone is not enough justification to enter a reversal trade unless you fade your position (small entries until the reversal happens). It's better to wait for a strong bear bar closing on or near its low below the 30EMA to provide enough probability to justify a reversal trade. If the price breaks below the Daily 30EMA and closes a candle with followthrough or a re-test of the 30EMA as resistance, a short entry is justified.
Alternatively, if we find support at the 30EMA or get a strong bull bar closing near it's high, it's reasonable to think the price will hit the next resistance target of $2520.00. I would trade small on any long position this late in the trend as it's more likely we're about to enter a trading range or major pullback.
💡 Trade Ideas 💡
Short Entry: $2,150.00
🟥 Stop Loss: $2,250.00
✅ Take Profit: $1,950.00
⚖️ Risk/Reward Ratio: 1:2
Long Entry: $2,250.00
🟥 Stop Loss: $2,150.00
✅ Take Profit: $2,450.00
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Three Pushes up in Bull Trend.
2. Formed Ascending Wedge, Price Fell Out.
3. Potential Double Top, Wait for Break Below 30EMA to Short.
4. If Bounce at Support, Reasonable to Long to Next Resistance.
5. RSI at 55.00 below Moving Average, Indecision.
💰 Trading Tip 💰
Three pushes up, an ascending wedge, and strong resistance alone is not enough justification to enter a reversal trade unless you fade your position (small entries until the reversal happens). It's better to wait for a strong bear bar closing on or near its low below the 30EMA to provide enough probability to justify a reversal trade. Your probability is still inherently low, but catching a trend when it starts gives you more room for reward, that's the tradeoff.
⚠️ 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 comment if you found this analysis useful!
Ethereum's Dilemma: Surge to $2,500 or Face Decline?Ethereum traders are at a pivotal point as $2,300 proves to be a crucial battleground. Sustaining upward momentum here could lead to a significant rally towards the coveted $2,500 resistance, instilling renewed market confidence. Conversely, bears aim to breach the $2,200 support, potentially triggering a notable downturn with $2,000 as a possible target. The increasing availability of Ethereum on exchanges adds complexity, highlighting the delicate balance between market sentiment and technical factors shaping Ethereum's future path.
📉🐻 Ethereum Targets: $1630 & $1200 in Bear Push 🎯💥The Ethereum (ETH) cryptocurrency has recently reached a point of resistance, which is similar to what we have observed on the Bitcoin (BTC) chart. This development suggests that the crypto market could face a period of significant decline or bearish trend in the near future.
Target 1: 1630
Target 2: 1200
ETH → Blast to $2,500 then fall to $1,800? Reversal Time Near?Ethereum is far into its bull run from $1,100 to $2,300; with three pushes up and a Weekly RSI near the 70.00 level, and we're near a resistance level. Three initial conditions for a trend change.
How do we trade this? 🤔
These conditions are great indicators that we're near the end of the current bull trend, but we don't yet have any confirmation that we're done. We're still in the bull channel, price is above the 30EMA and we're above the Support Zone. We need a break below the Support Zone with a strong bear bar closing on or near its low and the RSI to remain below the moving average. There is a strong possibility that ETH has enough momentum left to hit $2,500, especially if Bitcoin finishes its Measured Move to $46,000 and takes the rest of the crypto market with it.
Until either scenario presents itself, we should remain on the sidelines and watch the price action unfold.
💡 Trade Ideas 💡
Short Entry: $2,080.00
🟥 Stop Loss: $2,210.00
✅ Take Profit: $1,820.00
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Bull Trend, Bias to Long.
2. Price Remains Above Daily 30EMA
3. Crucial Moment on the Chart. Remain on Sidelines.
4. RSI at 56.00 and below Moving Average, Bias to Short.
5. Reasonable to Short with Confirmation below $2,200.
⚠️ 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 comment if you found this analysis useful!
ETH/USDT 1DAY AND 4HOUR UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USD update from Crypto Sanders.
Chart Analysis:- 4-hour chart analysis for ethereum (ETH) paints a predominantly bearish picture, characterized by a distinct downtrend. This trend is evident through the formation of lower highs and lower lows, a classic indicator of bearish momentum. Despite a recent uptrend at a potential short-term reversal, the overarching downward trend suggests this could be a mere temporary pause. For investors considering short positions, the 2,235 per ETH price level emerges as a key resistance point to watch.
the daily chart provides a more expansive view of ether’s price movements, encompassing a broader historical context. Previously, ethereum enjoyed an uptrend, peaking around 2,407, before succumbing to the current downtrend. The break below the crucial support level of 2,100 underscores a strong bearish sentiment. This longer-term perspective is essential for investors seeking to identify potential entry points for both short and long-term positions.
The relative strength index (RSI) at 47.6, along with the Stochastic, commodity channel index (CCI), average directional index (ADI), and awesome oscillator, all hover in neutral to bearish territory. These indicators suggest a market in flux, with no clear directional bias, adding complexity to investment decision-making.
Moving averages (MAs), which help identify trends and potential reversals over various timeframes, also exhibit a dichotomy. Short-term moving averages, like the 10-day and 20-day exponential and simple moving averages (EMAs and SMAs), signal negative sentiment, indicative of immediate bearish pressure. Conversely, longer-term averages, such as the 50-day, 100-day, and 200-day EMAs and SMAs, advise a positive outlook, reflecting a potential shift in the longer-term trend.
The bearish signals from the 4-hour chart and short-term moving averages are counterbalanced by the bullish outlook in the longer-term moving averages. This situation calls for a cautious approach, particularly for those considering long positions, as the market’s bearish tilt remains a significant factor.
Despite the current bearish indicators on the 4-hour chart and short-term moving averages, the bull verdict for ethereum as of Dec. 18, 2023, hinges on the strength of the longer-term moving averages and the historical resilience of the asset. The neutral positioning of oscillators like the RSI and ADI suggests a potential for trend reversal
The bearish verdict for ether, based on the same data from Dec. 18, 2023, is primarily driven by the persisting downward trend on the 4-hour chart and the bearish indications from short-term moving averages. The failure to break above the key resistance level of 2,235 and the recent trend of lower highs and lower lows point towards continued bearish dominance. Unless there’s a significant shift in market sentiment or a breakout above crucial resistance levels, the bearish trend is likely to prevail.
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.
👇 ETHUSDT) breakout channel ) 👇👇Hello trader’s what do you think about Ethusdt)
guys are you expected 1D tame frame 🖼️ if breakout Trendlinien
next move will down) 2k )
ETH/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Looking at the 4-hour timeframe, things look worrying for Ethereum. The market has been making lower highs and lows since the rejection from the 2,400 level, demonstrating a clear bearish shift in the short-term market structure.
Nevertheless, the trend is still bullish, as the trendline depicted on the chart is yet to be broken. If this happens, the mid-term trend will be considered bullish, too, and a deeper drop can be expected in the coming weeks.
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.
ETHUSD H4 is going according to the PLAN ✅ Hello Traders!
As you can see, ETHUSD H4 is under bearish dominance, and I expect that it will reach the 2050 price, a key level where I will look for a Long Trade in case of confirmation.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
______________________________________________________________________________
Follow, like, and comment to see my content:
www.tradingview.com
ETH/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- 4-hour chart, things become a little more tricky. The price has been reacting precisely to the depicted bullish trendline over the past few weeks.
it is currently falling toward the trendline once more. While traders can expect another rebound from this level, there is also a possibility for a breakdown. In the latter case, things might turn for the worse and lead to a deeper correction shortly.
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.
ETHUSD H4, Looking for a LONG ✅Hello Traders!
This is my perspective related to ETHUSD H4. I see a retracement until approximately 2050, where we have an OB and also, an important resistance level at 2075.
After the manipulation, I will search for a convenient LONG TRADE entry at approximately 2100 level.
Follow, like, and comment to see the daily/weekly content:
www.tradingview.com
#ETH/USDT#ETH
The price of Ethereum has been moving in a transverse channel since July 2022
In the Occasional Price Range 1112 $ to 2112 $
We have now reached the upper limit of that channel and it represents a strong resistance.
Some downside expected for the support zone 1150 $
And the rebound from them in 5 bullish waves over the next 3 months, ending with a rise to 3500 $ levels.
#ETH/USDT
#ETH/USDT
After the big rise, we notice a sharp downward movement, which alerts us to the possibility of starting a deep correction at this point, which has engulfed several candles.
The presence of a strong and valid bearish candlestick pattern (CH) reinforces this potential correction. In addition, there are two large fair value gaps (FVGs) at the bottom, acting like magnets, potentially pulling the price down.
The movement will be to the support points shown on the chart
These are targets for the current decline
