Get started

Ethtrading

Ethereum Breaks Through $2500 Resistance: Will the Rise Hold?Ethereum, the second-largest cryptocurrency by market capitalization, has achieved a significant milestone by breaking through the $2500 resistance levels. This development has positioned the cryptocurrency for further potential gains. The Breakout Ethereum's recent surge has been notable, with the price approaching the $2650 mark. This positive momentum indicates a strong bullish sentiment among investors. The cryptocurrency's consolidation above the 100-hour simple moving average suggests that the upward trend may be gaining traction. Key Resistance Levels However, there are still significant resistance levels that Ethereum must overcome to sustain its upward trajectory. The $2640 level represents a crucial hurdle. If Ethereum successfully breaks through this resistance, it could pave the way for a more extended rally. Potential Targets Beyond $2640, the next major resistance level lies at $2720. If Ethereum can breach this mark, it could open the door for a more substantial price increase. Consolidation at the $2720 level could lead to further gains, with potential targets at $2800 and $2880. Factors Influencing Ethereum's Price Several factors are influencing Ethereum's price and contributing to its recent rally: • Growing Adoption: The increasing adoption of Ethereum-based applications and smart contracts is driving demand for the cryptocurrency. As more businesses and developers utilize the Ethereum blockchain, the value of the network and its native token, ETH, is likely to appreciate. • Institutional Interest: Institutional investors are increasingly allocating a portion of their portfolios to cryptocurrencies, including Ethereum. This growing interest from large financial institutions can provide significant price support. • Technical Indicators: Positive technical indicators, such as the Relative Strength Index (RSI) and moving averages, suggest that Ethereum is in a strong uptrend. These indicators can provide valuable insights into the cryptocurrency's momentum and potential price targets. • Macroeconomic Factors: Global economic conditions and regulatory developments can also impact Ethereum's price. Favorable macroeconomic factors, such as low interest rates and increased liquidity, can create a favorable environment for risk assets like cryptocurrencies. Conclusion Ethereum's recent breakout above the $2500 resistance levels is a significant development. The cryptocurrency's upward momentum and positive technical indicators suggest that further gains may be in store. However, it is essential to remain cautious and consider the potential risks associated with investing in cryptocurrencies. Investors should carefully evaluate the factors influencing Ethereum's price and conduct thorough research before making any investment decisions. The cryptocurrency market is highly volatile, and past performance is not indicative of future results.
BITSTAMP:ETHUSDLong
by bryandowningqln
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
Short
by WeBelieveInTrading
Ethereum (ETH) at a Major Inflection Point Amid ETF ApprovalVolatile Market Action: The crypto market's volatile price action continued last week, with much of the previous week’s gains being retraced. Focus on Ethereum: This week, Ethereum CRYPTOCAP:ETH is at a major inflection point given the approval of ETFs by the SEC. Trend-Following Concerns: From a pure trend-following standpoint, a potential lower-high was completed last week. Following the low from July 5, which exceeded the low from May, this could indicate a short-term downtrend for Ethereum. Key Support Levels: Support: $2,900-$3,100 Ethereum is still given the benefit of the doubt as long as prices hold above this support range. If this support holds, Ethereum could be considered in a broader consolidation within the broadening wedge formation. Maintaining this support is crucial to avoid further downside. Key Resistance Levels: Resistance: $3,400-$3,600 For Ethereum to look bullish again, it needs to clear this resistance range. Breaking through this resistance would negate the bearish scenario and potentially set the stage for a bullish run, bolstered by the positive sentiment from the ETF approval. Stay informed and monitor these key levels as Ethereum navigates this critical period! ⚠️📈 #Ethereum #ETH #Crypto #MarketAnalysis #TechnicalAnalysis #Cryptocurrency #Trading #SupportAndResistance #ETFApproval #Bullish #Bearish #Volatility
BITSTAMP:ETHUSD
by Richtv_official
#ETH/USDT#ETH After the approval of Ethereum ETFs, the current correction is expected Ethereum price has been moving in an upward trend on the four-hour frame since the beginning of July The price has now touched the rising trend and produced a reversal candle on a 4-hour frame Expected to rise on targets Entry price 3177 First target 3315 Second goal 3424 Third goal 3546 This is supported by the bearish saturation on the RSI indicator The rise also supports stability above the Moving Average 100 And stability is above the current trend The pattern is canceled if it closes 4 hours below the upward trend in orange
BINANCE:ETHUSDLong
by CryptoAnalystSignal
ETH: Reaction to leve-priceAnalysis by ahmadArz📊 ETHUSDT This chart represents the Ethereum to Tether (ETHUSDT) pair on a 4-hour timeframe. The analysis of the chart includes several key price levels and potential price movement patterns. 1. **Key Price Levels:** - **$3950.23**: A strong resistance level where the price has reacted in the past. 📈 - **$3720.77**: Another resistance level near the current price (3736.24). 📊 - **$3410.90**: A support level to which the price might return. 📉 2. **Potential Patterns:** - Two curved arrows indicate two possible scenarios: - **Bullish Scenario**: If the price breaks above the $3720.77 level, it is likely to move towards the $3950.23 level. 🚀 - **Bearish Scenario**: If the price fails to break the $3720.77 level and declines, it might reach the support level of $3410.90. 🔻 3. **Reaction to Price Level:** - The text on the chart "Waiting for reaction to level-price" suggests that the analyst is waiting for the price to react to the $3720.77 level to decide which direction the price will move. ⏳ 4. **Black Arrows:** - The black arrows on the chart indicate key points where the price has reacted in the past. 📍 In summary, this analysis suggests that if the price can break the $3720.77 resistance level, it will likely move towards the next resistance at $3950.23. However, if it fails to break this level, it might return to the support level at $3410.90. The analyst is waiting for the price reaction at these key points to determine the next direction.
Long
by ahmadarz
4
Ethereum (ETH) Technical Analysis and Trade IdeaIn a recent rally, Ethereum demonstrated significant momentum. In our video analysis, we delve into potential long positions, contingent upon price meeting our entry criteria. Observing the 4-hour chart, we note a prior bearish trend that has now been disrupted by a bullish break in market structure. My bias leans toward a long position, but it remains subject to price action developments outlined in the video. Disclaimer: This content is not financial advice.
Long
by fxtraderanthony
#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.
Short
by Filnft
2