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Aug.13-Aug.19(ETH)Weekly market recapLast week, the U.S. Department of Labor released CPI data for July, which was slightly better than expected. Afterwards, U.S. stocks started an upward trend that lasted for a week, and gold recently refreshed its ATH, further pricing in interest rate cuts. The performance of crypto market has been weaker than other markets, with BTC and ETH almost at the same price level as a week ago. On Friday, Powell will speak at the annual meeting in Jackson Hole. The market has basically acquiesced that interest rates will be cut in September. The point of disagreement is whether to cut interest rates by 25 bp or 50 bp. Cash-flows to the BTC ETF and ETH ETF have been subdued over the past seven days. This is in contrast to the US stock market. It seems that the enthusiasm of traditional funds for crypto is gradually declining. This also reflects that funds may be flowing to other assets. Unlike BTC, ETH performed more weakly last week. Still in a downward trend overall. There was barely any rebound from the bulls, with trading volume significantly below past averages. The ME indicator maintains the bearish trend and the yellow wavy area widens further. On the WTA indicator, like BTC, there is no blue column representing whales. To sum up, we believe that ETH may remain volatile this week, with the downside probability being greater than the upside. We maintain our original resistance level of 2800 and support level of 2400. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
COINBASE:ETHUSD
by Sypool
ETHUSDT.1DAnalyzing the ETH/USDT chart on a daily timeframe, we see a volatile and somewhat bearish trend emerging over the past few months. Here's a detailed breakdown of the chart, highlighting key resistance and support levels, along with insights from the MACD and RSI indicators. Key Observations: Trend Analysis: Ethereum has displayed a series of lower highs and lower lows since peaking, indicating a bearish trend. The trendline (R1) has consistently acted as a resistance, and the price is currently testing this line, suggesting a critical juncture. Support and Resistance Levels: Resistance Levels (R2 and R3): R2 at $3,043 and R3 at $4,105.80. These levels represent potential upside barriers in the event of a price reversal. Support Level (S1): The significant support level is at $2,126.90. This level has historical relevance as a pivot point for price actions. MACD Indicator: The MACD line is currently below the signal line and both are trending downward below the zero line, which traditionally indicates bearish momentum. However, the histogram suggests that the negative momentum is slowing, possibly pointing to an impending stabilization or reversal. RSI Indicator: The RSI is around 36, which is nearing the oversold territory. This could indicate that the selling pressure might soon exhaust, offering potential for a bullish reversal if other factors align. Technical Analysis and Conclusion: The Ethereum market appears to be at a critical stage. The proximity to the major support at S1 and the nearing oversold conditions suggest that we could see a short-term reversal if the support holds. Investors and traders should watch for any bullish reversal patterns or a break above the trendline R1 as potential signs of a change in momentum. However, a break below the support at $2,126.90 could lead to further declines, with the potential to test much lower levels, given the absence of immediate visible support below S1 on the chart. Trading Strategy: For Bullish Traders: Look for confirmation of a support hold at S1 and a potential bullish reversal pattern or a break above R1. If entering a long position, consider setting stop-loss orders below S1 to manage risks. For Bearish Traders: Monitor for a sustained break below S1. If this occurs, consider entering short positions with a view to capitalize on further declines. Place stop-loss orders just above the most recent highs to limit potential losses. As always, it's crucial to consider external factors such as market news, overall crypto market trends, and economic indicators that could influence Ethereum's price movements. Stay updated and adjust strategies accordingly.
by MarsSignals
1
Ethereum ETH price completed its correction, and next growth?Here is a global wave analysis of the OKX:ETHUSDT price After the launch of #ETHETF, the price correction of CRYPTOCAP:ETH has started After launch, #BTCETF was similar to the CRYPTOCAP:BTC price. Well, this is logical, because large funds need a trading volume to purchase a large position and preferably as cheaply as possible. The probable correction wave (4) was 0.5 of the previous wave (3) Now the main task is to keep the OKX:ETHUSDT price in the range of $2250-2550 Well, and from this zone can start the growth wave (5) with the goal of at least $5950-6000 per CRYPTOCAP:ETH _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
2
ETH/USDT Weekly Chart Update !!ETH/USDT is currently testing key resistance levels within the descending channel. A breakout above $3,050 could lead to a retest of higher resistance areas around $3,850. The 100MA near $2,150 has provided strong support, and the price needs to be above this level to maintain the bullish momentum. Traders should keep an eye on volume confirmation and price action near these crucial levels. This update provides a concise analysis of the ETH/USDT weekly chart, focusing on key support and resistance levels, moving averages, chart patterns, and volume considerations. Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
by CryptoSanders9563
1
ETHUSDT Current Position (August 18, 2024, 12:00): The market is at a resistance level around 2,665.00. This area could signal either a pullback or a breakout, depending on market sentiment and external factors. Next Key Times: August 20, 2024, 06:00: This time point may represent a moment of potential reversal or continuation of the current trend. August 23, 2024, 01:00: This could be a critical period, where a major movement in either direction may occur. August 24, 2024, 16:00: A point to watch for further developments. August 25, 2024, 11:00: This point could indicate a stabilization or another shift in the market's direction. Interpretation: Upward Potential: If ETH/USDT breaks the current resistance and continues upward, it could reach the 2,690.00 mark or higher. This would likely align with positive developments or market optimism. Downward Risk: Failure to break above resistance may lead to a test of the lower support around 2,600.00 or lower, with potential significant drops around the key timeframes identified.
by trushkovskiy
1
ETH/USDT Outlook ICT ConceptsETH/USDT Analysis 💰 Welcome to Your Channel! Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on ETH/USDT, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains. 💡 Previous Analysis Review: In the previous analysis, we anticipated a sweep of the Sell-Side Liquidity (SSL), but instead, the market created Equal Lows (EQL) near the SSL, forming a key liquidity level. This development alters the market's potential direction and opens up new scenarios. 📍Current Market Overview: • Current Price: ETH/USDT is trading at 2,653.01, having recently swept the Previous Week High (PWH). Key Levels: • EQL: Positioned near 2,560.00, forming a significant support and liquidity zone. • BSL (Buy-Side Liquidity): The recent sweep of the PWH suggests a potential revisit to this BSL zone. • 4H FVG: The Fair Value Gap above the current price acts as a resistance, capping further upside unless a significant breakout occurs. 🔍 Identifying Key Levels • PMH (Previous Month High): 3,600.00 • PWH (Previous Week High): 2,740.00 • PML (Previous Month Low): 2,560.00 • SSL (Sell-Side Liquidity): 2,310.00 • BSL (Buy-Side Liquidity): 2,740.00 • 4H FVG: Near the BSL zone, offering potential resistance. 📊 Key Considerations • Equal Lows (EQL): The creation of EQL near the SSL indicates strong sell-side liquidity. This could attract future bearish interest, making it a critical level to monitor. • Sweep of BSL: After sweeping the PWH, another sweep of the BSL is likely, leading to a potential expansion lower targeting sell-side levels. • Sell-Side Target: The key downside targets include the SSL levels below 2,560.00. If these are taken out, the bearish scenario could extend towards the SSL at 2,310.00 or lower. 📈 Bullish Scenario For any bullish scenario to materialize: • Break Above BSL: A clear break and close above the BSL (near the 4H FVG) is required. This would invalidate the bearish outlook and suggest a continuation higher. • Sweep of Sell-Side Levels: The market must take out the EQL and SSL to remove the bearish pressure and open up higher targets. 📉 Bearish Scenario A bearish scenario is more likely if: • Rejection at BSL: After sweeping the PWH, a failure to break above the BSL (4H FVG) could lead to a significant move lower. • Expansion Lower: Following the BSL sweep, an expansion lower targeting the SSL and EQL is expected. This would align with the market's current bearish structure. 📊 Chart Analysis Summary • Bullish Expectation: Requires a clean break above the BSL, with the sell-side liquidity being taken out first. • Bearish Expectation: Anticipating an expansion lower after sweeping the BSL, targeting key sell-side levels. 📝 Conclusion: The market's creation of EQL near the SSL has introduced a strong bearish outlook, particularly after the recent sweep of the PWH. A sweep of the BSL followed by a move lower is expected, but for any bullish scenario, the sell-side levels must first be taken out. 🙏 Thank you for joining us! Exploring ETH/USDT today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning! ⚠️ Disclaimer The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
by RealArmin
1
Important section: 2531.05 ~ 0.382 (2647.88)Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- The key is whether the M-Signal indicator on the 1M chart can rise above and maintain the price. To do so, we need to check whether it can rise along the rising trend line during the volatility period starting around the week of August 19. If not, and it falls below 2531.05, there is a possibility that it will fall again to around 2159.0, so we need to think about a countermeasure for this. - Currently, the StochRSI indicator has entered the oversold zone and is maintaining the status of StochRSI < StochRSI EMA. Therefore, it is important to see if it can be supported around the 2531.05 ~ 0.382 (2647.88) section. Therefore, it is recommended to proceed with a purchase when the StochRSI indicator is out of the oversold section and StochRSI > StochRSI EMA. However, since the current chart is a 1W chart, it is possible that it has shown a lot of increase when the above situation occurs. Therefore, you should check whether there is support in the section (2531.05 ~ 0.382 (2647.88)) and see if you can proceed with a split purchase. - If you compare the current flow with the past flow, it seems to be showing a movement corresponding to around May 9, 2022. However, the current situation is a bit different from that time. When it was around May 9, 2022, there was a decline in USDT, but currently, USDT is showing an increase. Therefore, I think it is showing a different flow than before in that it is time to find a time to buy even if it falls further than the current price, not a time to find a time to cut losses. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will start when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
ETH (Ethereum): Approaching ResistanceTrade setup : Price broke below its 200-day moving average, which signaled downtrend. However, it got oversold (RSI < 30) near $2,400 support and bounced up. Also notice the unusually high volume, which also suggests that a lot of sellers have already exited. Momentum is inflecting bullish again (MACD Histogram rising) and price could reach $2,850 resistance. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend. The recent launch of nine ETH Spot ETFs could also boost demand for ETH. Learn to trade chart patterns in Lesson 8 and set Stop Loss levels in Lesson 9. Pattern : Price is Approaching Resistance , which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level. Learn to trade key levels in Lesson 7. Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $2,400.00, then $2,100.00. Nearest Resistance Zone is $2,620.00, then $2,850.00.
Long
by altFINS
ETH Ascending Wedge, Uptrend Channels and Repeating Patterns2nd Box in the Chart First, when we look at the boxes on the chart, we can notice the horizontal accumulation zones that continue upwards sequentially. Now, let's look at the 2nd and 3rd boxes. In the 2nd box, we see a downtrend channel. After the price uses the bottom region of the box as support sufficiently with this downtrend channel, it gives the first upward breakout, and the uptrend process begins. 3rd Box Now, let's look at the 3rd box. The price reached the EUROTLX:4K region, and despite many news events like the ETF, that price region acted as resistance and went down. Meanwhile, a downtrend channel similar to the one in the 2nd box formed. If we look closely, we can see that the price has already started using this downtrend channel. I think this process will continue similarly to the 2nd box. In other words, I believe that the upward breakout process will begin when the price squeezes until the end of the convergence between the downtrend channel and the bottom support region of the box. This could likely take a few months because there is quite a bit of space between the downtrend channel and the lower support of the 3rd box, and the price hasn't started squeezing yet. After Breaking Upwards After the price breaks upwards, I think it will move in a structure similar to the purple-colored movement, more or less. This is because the two uptrend lines below form an ascending wedge, and I believe the price will somehow catch up with this again.
Short
by huecoshunter
ETH/USDT 4H chartHello everyone, I would like to invite you to a quick review of ETH/USDT, taking into account the 4-hour interval. As you can see, the price, despite the nice rebound, still remains below the downward trend line. Moving on, we will move on to determining support and here the price is currently bouncing off the support at $2,427, then we have strong support at $2,204. Looking the other way, you can see how the resistance at $2,805 rejected the sudden upward movement, only when it overcomes it will it move towards the resistance at $2,987, and further towards the very strong resistance at $3,237.
by cryptodailyuk
1
ETH: Will the Ascending Triangle Hold, or Breakdown Imminent?Yello, Paradisers! Could #ETHUSDT be on the verge of a significant breakout or a sharp decline? Let's dive into the technicals. 💎#ETHUSDT has been forming an ascending triangle, with multiple tests of both the support and resistance levels. The price has shown respect for its support zone, but what happens if the trendline doesn't hold? 💎Currently, ETHUSDT is respecting its support zone. However, if the trendline fails, the support at $2,527 will be crucial. The pair has probability to hold the support and soars again to resistance areas. 💎The pair has a strong probability of breaking out from the ascending triangle. If this happens, the first significant resistance to watch is at $2,876 . Should the volume sustain, ETHUSDT could then target $3,068 and potentially even $3,331 . 💎On the flip side, if we see a candle close below the $2,527 support, it will invalidate the bullish trend continuation. In this scenario, ETHUSDT may experience further downside pressure. Stay vigilant, Paradisers. The market is volatile, and only the disciplined will thrive. But it never is, and never will be a free ride. Make sure you play it smart, Paradisers. Discipline, patience, robust strategies, and trading tactics are the only ways you can make it long-term in this market. Trade smart, Paradisers! Stay focused, patient, and disciplined. This is the only way you will make it far in your crypto trading journey. Be a PRO MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Jack
ETH Bottom is in. LongOverview: This trade is based on a potential bullish reversal from a significant support level. The chart shows a strong rejection at the recent low around the 2,100 USDT level, which aligns with historical support, suggesting a possible reversal to the upside. Entry: Price: The entry for this trade is around 2,721.65 USDT, where the price is currently consolidating after testing support. Target: - Target Price: 4,091.91 USDT - The target is set at a previous key resistance level, where price action has shown strong rejection in the past. Stop Loss: - Stop Loss: The stop loss is placed below the recent low at approximately 2,108.16 USDT, ensuring a risk-managed approach if the price breaks below the support level. Trade Rationale: - Bullish Bias: The highlighted zone shows a potential area of accumulation where buyers are stepping in, anticipating a move back toward the 4,000 USDT level. - Risk-Reward: The trade offers a favorable risk-to-reward ratio, targeting a significant move up with a clearly defined stop loss.
Long
by SerenityEquity
2
ETH/USD Ethereum Market Robbery Plan on Bullish DirectionMy Dear Robbers / Traders, This is our master plan to Heist ETH/USD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent Swing Low Stop Loss : Recent Swing Low using 2h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style
BITSTAMP:ETHUSDLong
by Thief_Trader
Aug.6-Aug.12(ETH)Weekly market recapCrypto market lose power after rebound. BTC had a significant decline for a period of time after the ETF was announced. But after 15 days, sufficient liquidity brought an increase that repaired the decline. It has been two weeks since the ETH ETF was listed. After excluding the impact of grayscale, we have seen that traditional funds are also flowing into the ETH ETF. CPI data for July will be released on Wednesday. We believe that if CPI falls further, it will give risk assets such as BTC and US stocks an upward momentum. We do not believe that the recession started on August 2, when the employment data was released. Therefore, if the CPI data falls further, the market will not panic about recession, and will price further interest rate cuts. We believe that a large amount of spot ETH being staked will increase volatility. When ETH is dumped, the volatility does amplify, but it is far less than other tokens during the rebound. This is not a good phenomenon. As we mentioned above, the ETH ETF has been listed for two weeks, and there is every reason to believe that the sell the news phenomenon is over. The bulls' performance has been disappointing. Like BTC, we saw the emergence of whales when ETH dumped. The whale disappears after a day and does not continue to participate in trading. Judging from the ME indicator, ETH has entered a bearish trend, and the wavy area has further widened. To sum up, we believe that ETH will remain fluctuating this week, and the probability of falling is greater than rising. We maintain our original resistance level 2800 and support level 2400. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
COINBASE:ETHUSD
by Sypool
Phemex Analysis #14: ETH - What's Next? PHEMEX:ETHUSDT.P recently breached its $2800 support level before rebounding to the $2700 range. This significant drop has transformed the previously supportive $2800 level into a formidable resistance barrier, currently preventing further upward momentum. Unlike Bitcoin, which experienced a notable price surge following the launch of its ETF, Ethereum's ETF has thus far failed to ignite a similar rally. Given the current market dynamics, several potential price trajectories for ETH emerge: Bullish Scenario A decisive breakout above the $2800 resistance could signal renewed bullish sentiment. However, substantial selling pressure is anticipated at the $3300 and $3600 levels, which could hinder sustained upward movement. Without a catalyst such as significant positive news or a broader market uptrend, overcoming these resistance zones will be challenging. Bearish Outlook Alternatively, ETH might undergo a downward correction, potentially retesting the $2000 support level. This level could serve as a consolidation area before a potential rebound. If bearish pressure intensifies, a breakdown below $2000 to the $1800 level cannot be ruled out, though such a scenario warrants caution. Range-bound Movement A more likely scenario involves ETH consolidating between the $2500 and $2800 levels. This sideways price action can offer opportunities for range-bound trading strategies, such as the use of Neutral Grid bots. However, implementing stop-loss orders at both $2500 and $2800 is crucial to manage risk effectively. For investors seeking more pronounced price movements, adopting a wait-and-see approach until a clear directional bias emerges may be prudent. Ultimately, the future trajectory of ETH will depend on a confluence of factors, including overall market sentiment, investor behavior, and the impact of regulatory developments. Note: Pulse is offering $500 PULSE to all new Phemex users. Sign up for Pulse quickly! Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
1
ALTS that will SURVIVE 2024 - and BEYONDIn today's post I'd like to invite you to add the alts YOU think will survive, and why. Add in the comment section! Incase you missed yesterdays post... I remember the good 'ol days, when the amount of options you had was limited to one hand. First there was Bitcoin. Then came ETH, LTC, XRP and BCH (Bitcoin Cash). And a few other's later came like Bitcoin Gold and CRV. But oh man, were those the days. Crypto felt oddly "safer" back then, despite mt gox and pyramid schemes running rampant. Because today - the enemy is actually in the camp... New alts are being released every hour (probably more) and it's just the one airdrop to the next rug. Lot's of progress has been made in this space which is blockchain, but we're still not really seeing the original promise of Bitcoin being fulfilled (fast and affordable cross border payments, ) amongst others. Today, it has become close to impossible to separate the crop from the cream in terms of coin accumulation. If you bought BTC two years ago, or ETH, or LTC - you'd currently be in profit. However, some alts don't even exist for a month after release date never the less a year or more. So let's talk about which altcoins I believe have a future FOR SURE. Remember that this is a highly debatable point; but I am going to point out the few that I believe will survive (at least past year and possibly beyond). 👉1) Bitcoin Bitcoin is not an altcoin, it is the original crypto. The KING. The first commandment and promise of a fair, open and transparent future on the blockchain. BTC's price may be overvalued occasionally, but it will always have the benefit of being first. And with so many institutional investors, I think it's a safe play for the foreseeable future. 👉 2) Ethereum King of the alts, first of it's kind. Ethereum is the world's first smart contract platforms which remains the most popular choice among developers even today. Following Bitcoin's decentralized concept, Ethereum has become a leader in smart contract platforms and dApps. Eth is here to stay. 👉 3) Solana Competitor now to Ethereum, SOL has previously surpassed ETH (not in price). With over 95 million transactions daily, Solana has become the fastest blockchain and recently surpassed Ethereum in Total Economic Value. Many devs prefer Solana, and I believe it will stick around for the foreseeable future. 👉4) Dogecoin I hate how dependent Doge is on Elon Musk. But, for some reason, Mr Musk has a fascination with Doge and has promised many times to include it as a payment option on X (formerly Twitter). Even though it seems like a pie in the sky, something like that would significantly increase the value of Doge. I don't see it as a "forever" coin, but definitely on the list. I think a key point to note here, is that back then, they (the founders) were doing something revolutionary. They were and are the titans of the industry. Today, anyone with GPT can create a functioning alt that "serves a purpose" or has "fundamental use case" in some way. It's true that AI is revolutionary, and I am very bullish on the concept of AI and the promise of automation for human kind. But this far, it hasn't been profitable, yet. OpenAI makes losses and cryptoai is just leveraging off the larger AI, or the concept thereof... Sure, there are privately trained models, but at the current moment it takes a tremendous amount of resources (time, money, physical space) to do DL or Machine Learning, which if OpenAI cant make profitable... then neither can the cryptoai created by john, steve and bob. 10 Other ALTS that will probably make it past this year: 1) Shiba Inu (because people love it) 2) XRP (because many can't let go) 3) Cardano (because it has a cult following) 4) BNB (Binance supporters maybe?) 5) Chainlink (because oddly enough it's survived for this long) You wouldn't catch me dead holding those 5, but still - I do believe they will survive for some time still. Now, coins that I will actually buy and hold: 6) Kaspa (potentially a revolutionary alt) 7) Render (potentially an ai winner) 8) Monero (still the best privacy coin) 9) Sei (potentially a revolutionary alt) 10) Aave (still the best for borrowing and lending) Don't miss the message here - you can still TRADE altcoins. There are good trading opportunities and setups even for the worst alts. I know this because we trade them daily. But this post is not about trading opportunities - it's about the future, potentially the far future. Who will likely survive and why. Alts that may be worth accumulating an that probably won't rug in a month's time. I hope you can take it for what it is intended to be! ______________________________
Long
by CryptoCheck-
4
ETH → The resistance area will not be able to Resist!hello guys. let's analyze Ethereum coin. 1. Price Action & Market Structure: - The price has been in a downtrend, followed by a strong bounce from a key support level around 2,527.05 USDT. - A bullish channel has formed as the price is making higher highs and higher lows, indicating a potential recovery in progress. 2. Key Levels: - Flip Area: The chart notes a flip area where the price was expected to move downward but instead failed to do so, suggesting this level has turned into a strong support. - Target Area: The chart identifies a target area of around 3,081.55 USDT. This area is likely a resistance level where the price could encounter selling pressure if it continues to rise. 3. Bullish Channel: - The price is moving within a rising channel, with a potential bullish continuation if the channel is maintained. The channel suggests the price could continue to rise, with pullbacks likely finding support near the lower trendline of the channel. - The chart projects a possible movement pattern within this channel, suggesting the price may pull back slightly before moving higher toward the target area. 4. Projection: - The price is likely to continue its upward trajectory within the bullish channel, with a potential target around 2,816.25 USDT first and then 3,081.55 USDT. - A break below the channel could indicate a potential bearish reversal while maintaining the channel, which could see further upside. Summary in Bullet Points - Bullish Channel: Price is currently moving in a rising channel, indicating a bullish recovery. - Key Support: Strong support around 2,527.05 USDT, previously expected to push the price down, has held firm. - Resistance Levels: Watch for potential resistance at 2,816.25 USDT and the target area around 3,081.55 USDT. - Outlook: As long as the price stays within the channel, the outlook remains bullish with possible targets above. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
5
(Update) !!! ETH Daily Chart Analysis : Bull or Bear ? (READ)BINANCE:ETHUSDT ✨After the fifth bullish wave, ETHUSDT has completed his corrective waves (ABC) , now it is time to start the five bullish waves ,now finished first wave and ETH is in the Megaphone. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:ETHUSD
by CobraVanguard
5
ETH/USD Secondary trend. Bullish triangle. Breakout. Target 96%Logarithm. Time frame 1 week (less is not necessary). Horizontal accumulation channel has reformatted due to price holding near the meridian zone of the 1500 level into an ascending triangle (bullish triangle). Linear for clarity. Locally breakout zone. Time frame 1 day Fractals. Underperformance due to liquidity and capitalization. Similar things are developing only more slowly (liquidity) as recently in SOL/USDT. SOL/USDT Secondary trend (part). Triangle. 1 10 2023 Already almost +150% off the breakout. ETH will be a bit off due to timing, but the gist is similar.... Or in the past LISK/USD in the distant 2020 (Interest is different due to liquidity) LISK/USD Major trend. Triangle. 24 12 2020 +325% On growth always wait for correction, on fall for growth (reversion), such is the psychology of behavior of most market participants. . Memo to the hamster. Sometimes staying out of the market is the best strategy. [/b By the end of 2024 the price with "high probability" for this bankable super centralized cryptocurrency will be over $10k. In 2025 in the distribution zone (trend highs) over 20k. Risk Management. . There will very likely be a “super takeout” (emphasis added, this is a logical “as always” probability). Look at a chart of ether or bitcoin and think about when it is more rational to do this. Probably, it will seem like everything is "going to hell", treat it coldly, buy back in installments with a grid of orders from the profit that will be in the near medium term. But, it does not change the above described target of the cycle of “participation” and “distribution”. When the price falls—the majority of market participants expect prices to rise or at least return to the past maximums. When the price rises—the majority, "according to the habit of previous self-deception" expects prices to fall.... The greater the price growth, the greater the expectation, up to the "point of breaking the opinion" (when it is already necessary to do everything the other way around). A perfect scheme of making money on the expectation of the majority.
BITSTAMP:ETHUSDLong
by SpartaBTC
23
Ethereum Weekly Analysis: Bulls are Coming! (READ CAPTION)By examining the #Ethereum chart in the weekly timeframe (logarithmic), we observe that last week, the price entered the desired demand zone and, after dropping to $2110, encountered buying pressure again. Currently, it has managed to rise over 20% and is trading around $2500. As you know, this support level is crucial for the beginning of the next bullish trend, and if the price stabilizes above this zone, we can expect further upward movement to higher levels.
Long
by ArmanShabanTrading
1
Ethereum Outlook ICT ConceptsEthereum Analysis 💰 Welcome to Your Channel! Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on ETH/USDT, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains. 💡 Previous Analysis Review: In the last analysis, Ethereum experienced a significant sell-off, taking out the previous month’s low (PML) and capturing sell-side liquidity (SSL). Following this move, Ethereum expanded higher, and the price is now consolidating in a crucial range. 📍Current Market Overview: Ethereum is currently trading around 2,649.20, navigating within a critical zone marked by a buy-side liquidity (BSL) and sell-side liquidity (SSL). Additionally, a 4-hour Fair Value Gap (FVG) exists around the 2,370 level, presenting a potential area for price retracement. 🔍 Identifying Key Levels • PML (Previous Month Low): 2,645 – recently swept. • PMH (Previous Month High): 3,567 – a possible target on a bullish breakout. • PWH (Previous Week High): 3,385 – key resistance level. • BSL (Buy-Side Liquidity): Around 2,706 – acting as resistance. • SSL (Sell-Side Liquidity): At 2,535 and 2,206 – significant support levels. • 4H FVG: Located around 2,370 – potential retracement zone. 📊 Key Considerations • Current Price Position: Ethereum trades at 2,649.20, close to the BSL level. • 4H FVG Reaction: A 4-hour FVG at 2,370 is a critical level to watch for price reactions. • Consolidation Phase: Ethereum is consolidating, suggesting an impending move. 📈 Bullish Scenario A bullish scenario might unfold if: • Retracement into the 4H FVG: Price could retrace into the 4H FVG at 2,370 and find support, potentially leading to a rally. • Sweep of SSL: A sweep of the SSL at 2,535 or lower could indicate a liquidity grab, setting the stage for a move higher. • Formation of Higher Lows: If the price establishes higher lows above the SSL, it may signal a bullish continuation. 📉 Bearish Scenario A bearish scenario could develop if: • Sweep of BSL: If the price sweeps the BSL at 2,706 but fails to hold above it, it could indicate a bearish reversal. • Break Below 4H FVG: A break below the 4H FVG at 2,370 might suggest further downside potential. • Lower Time Frame Confirmation: Watching for confirmations on lower time frames could provide early signs of a bearish trend. 📊 Chart Analysis Summary • Bullish Expectation: A successful retracement into the 4H FVG or a sweep of the SSL could provide a foundation for a bullish rally. • Bearish Expectation: A sweep of the BSL without sustaining the level or a failure at the 4H FVG could lead to further declines. 📝 Conclusion: Ethereum's price is positioned at a crucial juncture, with potential for both bullish and bearish outcomes. Monitoring the reactions at the BSL, 4H FVG, and SSL levels will be key to understanding the next market direction. 🙏 Thank you for joining us! Exploring ETH/USDT today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning! ⚠️ Disclaimer The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
by RealArmin
2