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Ethusdanalysis

"Ethereum Maintains Strong Position Above $1,935 Support Level" Ethereum's price maintains its position above the crucial $1,935 support level, which could spell doom for ETH if breached. With the RSI tilting upwards and AO staying in the positive zone, ETH may extend its upward trajectory, recovering above the $2,029 support to follow the upward trend. This could propel the second-largest cryptocurrency by market capitalization to reach its highest point at $2,136. However, in the face of increased selling pressure, Ethereum's price might dip below the $1,935 support. A decisive move below this level would confirm a downtrend, with ETH potentially testing the 25-day or 50-day EMA at $1,892 and $1,806, respectively. In a more bearish scenario, Ethereum's price could target the 100-day EMA at $1,763, and breaking and closing below this level would invalidate the bullish argument below the $1,753 support. Read also: Ethereum Price Prediction: Ascending Triangle Pattern Evaluates $4,000 Target for ETH in 18 Months.
BITSTAMP:ETHUSD
by Larissa-Trader
ETH trade setup for 15th Nov 2023My setup yesterday was bullish, I only caught a 1:2rr. I didn't see other factors telling me to go bearish. I was bent on being bullish, so I know and believe, setups can change. So learning to be dynamic is key and not holding to one belief of how the trade should pane out. However, it was a good day. Today being, 15th Nov 2023, I'll be expecting a bearish scenario as outline on the chart. So I'll be expecting price to enter into the areas highlighted above and also the rectangle above for a reason to go short at specific time. This is not a trade advice, please dyor
Short
by praises700
Ethereum's Potential to Reach $2000 TargetEthereum has potential to reach the $2000 target. While it is important to approach such predictions with caution, there are several factors that suggest this milestone could be within reach. This idea aims to provide you with an overview of these factors and encourage you to consider a long position on Ethereum. 1. Market Momentum: Over the past few months, Ethereum has displayed remarkable resilience and has consistently demonstrated an upward trend. Despite occasional volatility, the overall market sentiment towards Ethereum remains positive. This consistent growth is a promising sign for traders who are looking to capitalize on potential long-term gains. 2. Institutional Adoption: Ethereum has gained significant traction among institutional investors, with major financial players showing a growing interest in this digital asset. The increased institutional adoption not only adds credibility to Ethereum but also paves the way for further growth and stability. This trend indicates that Ethereum's potential is being recognized by established financial institutions, which could potentially drive up its value. 3. DeFi and Smart Contracts: Ethereum's blockchain serves as the foundation for a multitude of decentralized applications (dApps) and smart contracts. The explosive growth of the decentralized finance (DeFi) sector has significantly increased the demand for Ethereum, as it remains the preferred platform for most DeFi protocols. As the DeFi space continues to expand and mature, Ethereum is likely to experience increased utility and demand, potentially driving its value higher. Considering these factors, it is crucial to approach this potential opportunity with a cautious mindset. While Ethereum's growth has been impressive, the cryptocurrency market is inherently volatile, and past performance does not guarantee future results. It is essential to conduct thorough research, assess your risk tolerance, and consider consulting with a financial advisor before making any investment decisions. If you are interested in exploring a long position on Ethereum, I encourage you to carefully analyze the market, monitor the latest news and developments, and consider setting stop-loss orders to mitigate potential risks. Additionally, staying updated with market trends and being prepared to adapt your strategy accordingly will be key to maximizing your chances of success. As always, please remember that this idea is not financial advice, and you should conduct your own due diligence before making any investment decisions.
BITSTAMP:ETHUSDLong
by bryandowningqln
ETHLeading cryptocurrencies Bitcoin (BTC), Ethereum (ETH) and XRP are showing significant gains, according to data from CoinStats. Today, BTC was up 0.91%, trading at $35,171, with expectations of breaking the $35,612 resistance. If this level is surpassed, BTC is likely to reach $36,000 by the end of this week. On the other hand, ETH outperformed other cryptocurrencies with a gain of 1.73% and is currently trading at $1,909. If ETH surpasses yesterday's peak, it is predicted to hit the critical $2,000 zone by mid-November.
BINANCE:ETHUSDLong
by Willsonnnn
ETHUSD SELL | Day Trading Analysis Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity ETHUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
BINANCE:ETHUSDShort
by TheGrove
30
#ETHERIUM Trading Strategy!🚀 #ETHEREUM : A Closer Look 📊 Examining two exciting scenarios: 1️⃣ A retest of the Blue MA, potentially shaking out weak hands and paving the way for a push to $2000-$2130. 2️⃣ A successful breakout and retest of the Blue Flag. In both cases, bullish sentiment prevails. The Blue MA has a strong track record in previous rallies. Trading Actions: For spot holders, HODL strong. Futures traders, consider entering at $1710 for a long position with a target of $2000+ and a stop-loss below $1635. #Altcoins may offer better risk-reward ratios thanks to ETH. Remember to DYOR. This isn't financial advice. Share your thoughts on ETH! 💬 #Crypto
Long
by Cryptorphic
3
A small dip in ETHEREUM and the a rally towards 3000!!The crypto is seen making impulse waves from June 2022 and has completed a structure of 1-2-I-II till now, meaning it completed the wave II of 3 and started off in the wave III of 3. The recent oct 2023 rally is the first leg to the bigger III wave that is forming. It would be a wise to wait for a meaningful retracement to this oct wave for a good entry. The 50% retracement of wave i of wave III of wave 3(i.e. current oct rally) is at 1687 and 61.8% retracement is at 1646. The B wave dip can take the crypto to these levels and that should be considered a good entry to go long towards 3K mark. Note*- this post is for educational purpose only
BITSTAMP:ETHUSDLong
by neeraj_2_sharma
ETHEREUM: WAITING FOR A POSITIVE MOVE.ETH has been under the bullish falling wedge for quite some time and till now it has failed to show any positive move. With the pattern ETH is forming, it will be important for ETH to break above the resistance trendline for a positive confirmation. A breakdown below the supporting trendline will ruin the chart and make things more complicated. I am expecting a breakout soon. What's your opinion? Let me know in the comments. Thank you for reading. Trade safely. Regards, Team Dexter.
BINANCE:ETHUSDLong
by Dexter_The_Trader