SasanSeifi| Is Ethereum Poised for a Move to Higher Levels?Hey there, ✌ In the daily timeframe analysis, as shown, the price has entered a downward trend from the $4,000 range. Following this price drop, it reacted at the important support level of $2,100, oscillating between the price ranges of $2,100 to $2,800. Currently, after observing demand at the $2,300 level, the price has experienced slight positive fluctuations and is trading around $2,600.
Based on the candlestick behaviour, it is anticipated that in the short term, the price may rise towards the important resistance levels of $2,700 to $2,820, with some minor positive fluctuations. If the price breaks above $2,820 and stabilizes in lower timeframes, the likelihood of further price growth towards the resistance zone of $3,000 to $3,250 increases. In such a scenario, monitoring the price reactions at these levels will be essential for evaluating the next trend. However, if the $2,820 level is not breached and the price fails to maintain its stability, the possibility of a price retracement may rise.
The long-term outlook remains bearish, with expectations for the price to move towards the $1,800 to $1,500 range.
In the daily timeframe, the $2,450 to $2,300 levels serve as critical support. Maintaining the price above these levels is crucial for the desired scenario.
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
If you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
ETHUSDT
ETH/USDT Analysis Update!Ethereum shows signs of resistance near the upper trendline within a descending channel, indicating a potential pullback in the near term.
Ethereum is currently testing the resistance level at the channel's upper boundary. Previous attempts to break the above have resulted in pullbacks, which could happen again if buying pressure does not increase.
The highlighted yellow area is a crucial support area, where buying activity has provided consistent upside in the past.
The recent price action indicates a potential bearish divergence, indicating potential downward movement if confirmed.
Consider a short position if the price fails to break the resistance level.
A stop-loss can be placed slightly above the resistance line to manage risk.
Target the lower support area around $2,270 to $2,210 as a potential area for profit-taking.
Continuous monitoring of Ethereum’s price action around the resistance level will be crucial to anticipate the next significant move.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
Ethereum Eyes Breakout Above Key Resistance
In this 1-hour ETH/USDT chart, Ethereum shows strong upward momentum, highlighted by the large blue arrow.
Key Points:
Clear Uptrend: Ethereum has been moving in a steady uptrend, reflected in the price action staying above the moving averages. This signals that buyers are still in control, with higher highs and higher lows forming consistently.
Support Area: The green zone, around $2,590 to $2,600, acts as a solid support level. Price may pull back here before finding enough buying interest to push higher again.
Resistance Zone: The red area, between $2,670 and $2,690, is a key resistance where the price has previously struggled to break through. If Ethereum tests this level again, it could be a critical turning point.
Potential Move: The chart hints at a possible dip back to the support zone, followed by a bounce towards resistance. If the price breaks above the $2,690 mark, it could rally further, with a target potentially around $2,748.
ETHUSD long using proprietary multi-timeframe trend detectionExecuting this on M5 time frame as I usually do, taking into account H1 and H4 with D1 200D EMA as possible next resistance and TP1.
Entry: 2618.11
SL: 2584.80
TP: 2791.51
Upon clearing 2660 I'll move the SL a little higher than BE. H4 close above that area would likely do the trick to cement a continuation higher.
ETHUSDT.P M5 Execution:
Oct.8-Oct.14(ETH)Weekly market recapLast week, the U.S. CPI data for September was released. Although the CPI figure was higher than expected, it was still lower than the previous value. We believe that once the Federal Reserve enters a rate-cutting cycle, as long as the CPI data does not significantly deviate from expectations, the market will not price in a recession or an inflation rebound. It will generally lead to a positive outcome. After going through an aggressive rate-hike cycle and entering a rate-cutting cycle, capital will no longer need to worry about changes in liquidity. In the early stages of rate cuts, investors will need to consider which market to enter to achieve high returns.
We observed the performance of the Chinese stock market at the end of September, and yesterday, the BTC ETF saw an inflow of over $500 million, the largest inflow in the past three months. Capital is starting to flow back into the cryptocurrency market, and this continuous inflow is providing price support.
ETH, which had been relatively underperforming, also saw a certain level of pump yesterday, with the price nearing previous highs. However, from the ME indicator, it can still be seen that short positions are dominating ETH. The WTA indicator shows no signs of whale activity.
In summary, we believe ETH is likely to experience a week of consolidation. We maintain the previous resistance level of 2,800 and support level of 2,100.
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.
The key is whether there is support near 2621.99
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
ETH is in a reverse array.
Therefore, it is not attractive to start trading.
Therefore, the point of observation is whether it can turn into a regular array when the price is maintained above 2621.99.
Based on the current price position, it is expected that a full-scale uptrend will begin only if it rises above the 3265.0-3321.30 range.
Therefore, the 2621.99-3321.30 range can be considered a buy range.
So, rather than rushing to buy, I think it would be better to wait until the chart is at a level where you can trade.
-
The Mid (50) line is showing signs of being newly created.
Accordingly, the support near the Mid (50) line is the key.
Since the Mid (50) line is expected to be created near the M-Signal indicator of the 1W and 1M charts, near 2621.99, this section is becoming more important.
Therefore, if the price is located near 2621.99 when the M-Signal indicator of the 1D chart rises above 2621.99, then I think it would be a good time to buy.
-
If you bought near the BW (0) line or the HA-Low indicator, the area near 2621.99 is the first split trading area.
As I mentioned above, if you bought around 2621.99 when the chart was created, the BW (100) line or the HA-High indicator is the split trading area.
Currently, the BW (100) line is formed at 2627.76, and the HA-High indicator is formed at 3787.59.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that a full-scale uptrend will begin when it rises above 29K.
The area 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: 134018.28
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
-----------------
ETH Long $2475! Ethereum Entering Long Zone!🤖🔥🚀 The 50MA on the daily chart aligns perfectly with the $2475 level + a squeeze!
Great entry point for a long!
ETH Long $2475!
Entry model: Breakout
First target: $2551
Second target: $2659
💡 ETH is currently a low-volatility coin with high volume. Leverage: 20x-50x!
Short stop-loss.
Buying ETH in the price range of $2330 to $2500I have two price scenarios for ETH
Scenario 1: If the price drops from this range and reaches $2,500, you can start buying from the same area and maintain it until the final target of $3,000.
Scenario 2: After the price falls to the resistance zone in the range of 2730-2820 and reaches the range of 2330-240 dollars, take a buying position from that area and hold it until the target of 3000 dollars.
ETHEREUM look bullish (4H)Ethereum seems to be forming a bullish triangle.
From where we placed the red arrow on the chart, it seems that the correction of ETH has started.
We now seem to be in wave D of this triangle.
We are looking for buy/long positions in the green range.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ETH 1D - TRIANGLE 1 + TRIANGLE 2ETH 1D - TRIANGLE 1 + TRIANGLE 2
If you like my AT, and you agree with the approaches, please FOLLOW ME and press BOOST so we can share it with more people. We are working on an automated trading tool so that everyone can apply their strategies in a VISUAL and PROFESSIONAL way, as we present in the analysis.
Thank you!
_______________________________________________________
ETH 1D - TRIANGLEs
ETH is still within 2 triangular zones:
Triangle 1: formed by the dynamic resistance and the dynamic support at approximately 2400.
Triangle 2: Extension of this triangle to the base of the bullish channel at 2150.
Depending on our strategy we can buy at the bases of both triangles while waiting to leave the resistance zone.
_______________________________________________________
Automated Cryptocurrency Trading Bots: All these strategic alternatives can be configured with TradeX BoT, as it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either downward or upward, for the orders to be executed in one direction or the other, taking the necessary deposits from your portfolio.
TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and technical drawing tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders.
This tool is in the process of development and the BETA will soon be ready for testing.
FOLLOW ME and I will keep you informed of the progress we make.
I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Get informed, train yourself and build your own strategies when it comes to investing. I only hope that my comments help you on your own path :)
#ETH Salp Short Idea#ETH scalp short idea. Shorted from the supply. Expecting to retrace till purple line.
It is scalp, i am overall bullish. If we dont hit the target till monday evening (NY local time-EST) i will consider to close trade manually.
Nothing i share is financial advice. Education purposes only.
#Altcoins #Crypto #altcoin #AltSeason2024 #Bitcoin #Ethereum #ETH #ETHUSD #ETHUSDT
Check if it is a regular array before trading
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
Since ETH is in a reverse array (M-Signal on the 1D chart < M-Signal on the 1W chart < M-Signal on the 1M chart), I don't think it's time to trade.
However, since it is located near the HA-Low indicator and the M-Signal indicator on the 1D chart, if it receives support, it can be considered an aggressive buying period.
Such aggressive buying requires a short and quick response.
From this perspective, if ETH maintains its price around the 2555.38-2646.97 range and switches to a regular array (M-Signal on the 1D chart > M-Signal on the 1W chart > M-Signal on the 1M chart), it is ready for trading.
If you are familiar with day trading, you can start with aggressive buying and move on to full-scale trading, but if you are not, it is better to pass on aggressive buying.
If you make an aggressive purchase and it fluctuates up and down, you will not be able to hold on and sell when you need to make a full-scale transaction, which will reduce your profits or you will likely suffer losses even if the price rises.
-----------------------------------------
Currently, the only coin recognized for its value after BTC is ETH.
You can argue this, but this is a fact.
Several coins are making efforts to be recognized for their value.
Namely, XRP, SOL, etc.
Therefore, I think that long-term investments are BTC and ETH, and the remaining coins and tokens are trading coins that earn profits through trading in the medium term or less.
----------------------------------------
(ETHUSDT 12M chart)
When drawing a parallel channel, the most important trend is the trend line (1) created by the first and second selection points.
Therefore, if the first and second selection points are selected incorrectly, an incorrect channel may be created.
The next important thing is the third selection point, which determines the width of the channel.
If this is also selected incorrectly, it can be interpreted incorrectly, so caution is required.
Therefore, trend line (2) is the important trend line.
The next important thing is trend line (3) created between (1) and (2).
Therefore, if trend lines (1), (2), and (3) are passed, there is a high possibility that a change in the trend will occur.
The Fibonacci ratio is displayed as a Trend-Based Fib Extension tool with the selected candlestick of the parallel channel.
Accordingly, the drawing for basic chart analysis is completed.
Fibonacci ratio or parallel channel is for chart analysis, not for trading, so do not confuse them.
If you think of Fibonacci ratio as support and resistance points and there are no support and resistance points drawn separately on the 1M, 1W, and 1D charts, I think the transaction is likely to fail.
Therefore, in order to proceed with the transaction, you must mark the support and resistance points on the 1M, 1W, and 1D charts.
-
(ETHUSDT 1W chart)
If you drew an ascending parallel channel on the 12M chart, you drew a descending parallel channel on the 1W chart.
The 1M chart is drawn as an ascending parallel channel like the 12M chart, so it was not drawn.
This allows for a more accurate analysis when looking at just one parallel channel.
The Fibonacci ratios shown on the left were drawn on the 1W chart.
We found that a change in trend can occur by passing through the area indicated by the circle.
-
(1D chart)
The price made an uptrend and then started to make a downtrend.
As you can see in the 1D chart above, there are two downtrends.
The first wave of the downtrend provides important information.
Therefore, if possible, it is better to draw a trend line on the first wave where the change in wave occurred.
The second downtrend is connected to the current wave, so this also provides important information.
If you mark important areas according to the current price position, it is the same as the order of the circles marked on the chart.
-
Have a nice time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that the real uptrend will start after rising 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: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to be encountered in the future. We need to see if we can break through these points.
We need to see the movement when we touch this section because we think we can create a new trend in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
-----------------
ETHUSDT and long term profit strategy. Technical Overview:
Ascending Trendline Support: The chart shows a long-term upward trendline, suggesting a steady support level around the $2,000 - $2,200 area. This trendline has historically provided strong support for price rebounds.
Symmetrical Triangle Formation: ETHUSDT is currently consolidating within a symmetrical triangle pattern (highlighted in red), indicating indecision in the market. This pattern often leads to a breakout, with a likely strong price movement in either direction.
Potential Breakout: The breakout point appears to be nearing, with price action expected to either bounce from the lower trendline or break through the triangle’s upper boundary. A breakout above $2,532 could lead to a strong upward move toward the next key resistance around $2,817.
Bullish Scenario: If ETH breaks out to the upside, the next major target would be the $3,000+ region, indicated by the blue upward arrow. The current consolidation may be a period of accumulation before a bullish move.
Bearish Scenario: If the price breaks down from the triangle and the trendline, ETH could revisit the support around $2,000 or lower, but this scenario appears less likely based on current momentum.
Conclusion:
Ethereum is at a critical juncture, with the symmetrical triangle and long-term trendline suggesting a breakout is imminent. Traders should watch closely for a breakout signal, with a preference for the upside targeting the $3,000 level.
ETH/USDT chart, which shows trading within a descending channel.ETH continues to trade within the descending channel, which indicates a bearish trend in the short term. A breakout above the upper trendline could signal a bullish reversal.
The immediate support level is around the $2,240 mark. If Ethereum sustains above this level, it could see a potential bounce, leading to a bullish move.
There is a crucial resistance zone around $4,000 to $4,400. ETH could face selling pressure when it approaches this zone.
The chart includes the 21-day simple moving average (SMA), which is acting as a dynamic resistance. A clear breakout above the SMA could be a bullish signal.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other altcoin.
@Peter_CSAdmin
Ethereum Signaling a Possible Bullish BounceIn the weekly Ethereum chart above, several indicators suggest ETH could be approaching a significant support zone, potentially leading to a reversal:
The MACD is nearing a potential bullish crossover. This is typically seen as a signal that the downtrend could be losing strength and that buyers might step in soon. A confirmed crossover would likely lead to a shift in momentum towards the upside.
The RSI has dropped below the 40 level, approaching oversold territory (below 35). This indicates that ETH may be undervalued, and the selling pressure could be exhausted, hinting at a possible rebound in the coming weeks.
100 and 200 EMA: The 100 and 200 EMAs are acting as strong support zones. Historically, these EMAs have provided robust support during major market pullbacks, and they could hold up ETH’s price from further declines.
This indicates the bottom for ETH, and we can expect a bounce from the current support level.
ETH Rejection at $2,461: Bearish Target $2,320?The Ethereum (ETH/USDT) chart on the 1-hour timeframe shows a significant price rejection from the $2,461 level, which is a key resistance zone. The price is currently hovering around $2,406, and the trend is favoring a bearish outlook. Here is a brief analysis and trading strategy:
Key Levels:
Resistance Zone: $2,461 - $2,460 (red zone)
Support Levels: $2,357 (first target), $2,320 (secondary target)
Analysis:
The price is facing strong resistance from the $2,461 level, with multiple rejections indicating the dominance of sellers.
The short-term moving averages are aligning with the bearish trend, and the price is struggling to break back into the resistance zone.
The next probable move, as shown by the red arrows, is a bearish continuation towards the first support level at $2,357, with a further possible drop to $2,320 if the selling pressure continues.
Trading Strategy:
Short Position: Consider shorting near the $2,414 - $2,461 resistance zone if the price fails to break above it. Target $2,357 initially, and if the bearish momentum continues, aim for $2,320.
Stop Loss: Place a stop just above the $2,461 level to limit risk.
This setup favors bearish traders, but monitor the price action closely near the support levels for any signs of reversal.
SasanSeifi|Will $1800 Be Ethereum's Next Support Level?Hey there, ✌
Ethereum has encountered corrections from the key resistance level of $2700 in the long-term time frame. Currently, the price reacted around $2200 and managed to experience positive movements toward the $2500 zone, as highlighted in recent analyses. However, mid-term analysis still indicates a bearish trend, with the price ranging at the $2300 level.
In the mid-term, it's anticipated that Ethereum may approach the $1800 zone through some corrections. Upon reaching this level, market reaction will be crucial in understanding the future movement.
Key resistance zones at the moment lie between $2500 and $2700. On the other hand, if the price breaks and holds above $2700, we might see further upward movement toward $3000 to $3200
This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Oct.1-Oct.7(ETH)Weekly market recapAfter the Federal Reserve cut interest rates, the Asia-Pacific markets, especially the Chinese stock market, experienced a strong rebound. On one hand, following U.S. restrictions on China in the import and export sectors, the Chinese stock market has underperformed relative to the Nikkei and the Mumbai Index. On the other hand, the Chinese government recently announced a reduction in the bank reserve requirement ratio to enhance the competitiveness of the Chinese market following the U.S. rate cut.
Although increased liquidity in the Chinese market benefits various assets, the U.S. market still dominates cryptocurrency trading, and the Chinese market has a certain degree of closure. Therefore, the performance of the Chinese stock market does not impact the cryptocurrency market, as evidenced by the stable performance of BTC ETFs recently.
Last Friday's non-farm payroll data did not show significant deviations, so the market will not conclude that we are entering a recession or recovering from inflation; rather, the economy remains under the control of the Federal Reserve. The CPI data to be released this week will further confirm this. If the CPI data does not significantly deviate from expectations, the market will still be driven by bullish sentiment.
Compared to BTC's bearishness, ETH is stronger. Thus, ETH experienced a larger decline last week and has had a weak rebound. According to the ME indicator, there is a possibility for further expansion of the yellow bearish zone. Similar to BTC, whale participation in ETH was low last week.
In summary, we believe that ETH may oscillate this week, with the likelihood of a decline greater than that of an increase. We maintain our original resistance level at 2,800 and support level at 2,100.
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.
ETHUSDT: Bearish Setup – Time to Sell?ETHUSDT has been drawing attention with its recent price movements. The technical chart shows a potential selling opportunity as the price approaches a key resistance zone.
Key Resistance Level
Currently trading around 2,437 USD, ETHUSDT is facing strong resistance at 2,691 USD. This level has repeatedly proven difficult for ETH to break above, suggesting a possible price reversal once it is retested.
Trading Strategy
Traders are eyeing this resistance zone for a potential short opportunity. If ETH fails to break 2,691 USD and shows signs of weakness, a sell order could be placed, targeting lower price levels.
Bearish Target
If the bearish scenario plays out, the first target could be around 2,300 USD, with room for further downside if selling pressure increases. It’s important to set a stop-loss just above the resistance to manage risk.
What’s your take on this potential ETHUSDT move? Do you think it’s time to sell or hold? Let us know in the comments!
ETHUSDT: Sell Or Buy ! Based on the provided chart for Ethereum/USDT, the price is moving within a clear ascending channel, showing an overall bullish trend with potential pullbacks. Here is a brief analysis and strategy:
Current Price Movement: ETH is currently retracing from a recent high (around 2,490) but remains within the ascending channel.
Support and Resistance Levels:
Resistance: Around 2,490-2,500 (upper boundary of the channel).
Support: The lower boundary of the channel, near 2,440-2,450.
Trade Strategy:
Buy: Wait for a pullback to the lower boundary of the channel, ideally near 2,440. If the price confirms support in this area, a buy entry could be ideal.
Target: Look to take profits near the upper boundary of the channel, around 2,500-2,520.
Stop Loss: Place below the channel, around 2,430.
Market Sentiment: As long as the price stays within this upward channel, the overall trend remains bullish. However, a breakout from this channel (either up or down) could lead to significant price movement.
ETHEREUM - Time to buy again!The BINANCE:ETHUSDT is in a ascending triangle now which means the price will increase and also It is expected that the price would at least grow as good as the measured price movement(AB=CD). also a bullish Hidden Divergence (HD+) on MACD which shows Positive Signs for ETH.
Note: we should wait for the breaking of the triangle and than make a move, If the triangle breaks, we expect a new ATH to occur, but in new year.
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard .💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅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!!