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ETHUSDT

ETH/USDT: High-Volume Breakout, Downside Risk -19.34%?Hey Realistic Traders, let's dive into the technical analysis of BINANCE:ETHUSDT In the H4 timeframe, the price stubbornly stays below the EMA100, reinforcing the strong bearish trend we've been watching . A rising wedge pattern had formed, but recently, the price took a dive, breaking out of that pattern with high trading volume—never a good sign for the bulls. Adding fuel to the fire, the MACD has made a bearish crossover, with the MACD line slipping below the signal line, signaling that the downward momentum is picking up steam. With all these technical indicators lining up, we’re eyeing a potential continuation of this downward journey toward Target Area 1 at 2,252.90 or even Target Area 2 at 2,073.77. However, bulls might find some hope if the price manages to break above the resistance level at 2,855.96. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Ethereum. Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
Short
by financialfreedomgoals101
2
ETH/USDT Daily Chart Analysis:!!ETH/USDT has been in a downtrend since peaking at around $4,600, with lower highs and lower lows forming a descending pattern. The current price is near the significant support zone around $2,100, which is crucial for maintaining the bullish structure. The key support is at $2,100, a historically significant zone that has acted as support during prior market corrections. The immediate resistance to watch is around $3,000, a previous support zone that has turned into resistance. A move above this level could lead to further bullish momentum towards the next resistance near $3,800. A strong bounce from the $2,100 support, potentially leading to a test of the $3,000 resistance. A break above this resistance could target higher levels around $3,800. Failure to hold the $2,100 support may trigger a deeper decline towards the next support zone around $1,800, or possibly lower if selling pressure intensifies. Pattern Observation: The chart suggests a potential double-bottom formation around the $2,100 level, which could indicate a bullish reversal if confirmed by a breakout above the neckline resistance at $3,000. The presence of a descending triangle pattern also hints at a bearish continuation if the price fails to break above the key resistance. Volume and Indicators: Volume analysis will be crucial; an increase in buying volume at the support level would strengthen the case for a reversal. Oscillators like RSI near oversold conditions would support a potential bounce, while MACD bullish crossovers could confirm a trend change. For a bullish outlook, setting stop-loss levels just below the $2,100 support is advisable to mitigate downside risk. A bearish strategy would involve short positions on a confirmed breakdown of the $2,100 level, targeting lower support zones. This analysis suggests that ETH is at a pivotal support level, where a potential reversal could occur if buying interest increases. Monitoring key levels and volume will provide further insights into the next likely move. Disclaimer: This is not financial advice. Stay updated with market movements and adjust your trading strategy accordingly. Keep an eye out for further updates and analysis. Thank you!
by CryptoSanders9563
Important support and resistance zones touched Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- ETH has touched an important support zone. Therefore, the key is whether it can receive support near 2159.0. If it falls below 2159.0, you should check whether there is support near 1605.23-1783.0. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture The real uptrend is expected to start when it rises above 29K. The next expected range to touch 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 that are likely to receive resistance in the future. We need to check if these points can be broken upward. We need to check the movement when this range is touched because it is thought that a new trend can be created in the overshooting range. #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
Ethereum could test 2k zoneAt the beginning of August, ETH/USD broke below the crucial $2,900 support level, accelerating to the downside and reaching a low of $2,300. As expected, a recovery followed, with a retest of the broken level. However, despite two attempts by bulls to reclaim the newly formed resistance in August, both efforts failed, and the price subsequently rolled back down to the recent lows. Currently, Ethereum seems to be pressing downward again, and a break below the $2,350 zone could trigger a further correction toward the $2,000 level. I remain bearish as long as the price stays below $2,600.
COINBASE:ETHUSDShort
by Mihai_Iacob
2
ETH/USDT 4HOUR CHART UPDATE !!The updated chart for Ethereum (ETH) against Tether (USDT) in the 4-hour timeframe shows potential for a bullish scenario. Here's the analysis based on the chart: The price is currently within a falling wedge, a bullish reversal pattern, where price action is making lower highs and lower lows within converging trendlines. This pattern often signals a potential upward breakout. The price is currently testing the lower boundary of the falling wedge near a significant support zone between $2,335 and $2,455. This area is crucial as it has acted as support in the past and is currently being retested. Immediate resistance lies at the upper boundary of the wedge around $2,455 to $2,505. A breakout above this level could lead to a bullish continuation towards the next resistance around $2,800 to $2,900. Projected Movement: The chart suggests a potential bullish breakout from the falling wedge pattern. The arrow indicates a move upward toward the upper resistance zone near $2,800 if the breakout occurs. A close above the resistance zone would confirm the breakout and could initiate a new bullish phase targeting higher levels. Key Levels to Watch: A close below the lower boundary of the wedge or the support zone could invalidate the bullish setup, leading to further downside. Conversely, a strong breakout above the wedge could signal a bullish reversal. The current setup suggests watching for a confirmed breakout above the wedge for a long opportunity. If the price maintains support and breaks above resistance, there could be a significant upward movement towards higher targets. Note: This is not financial advice. Stay tuned for further updates and analysis. Thank you.
by CryptoSanders9563
Ethereum is under bearish pressure. What's next?Ethereum is under bearish pressure, with the amount of ETH sent to exchanges gradually increasing. This coincides with Ethereum facing strong resistance at the $2,750 price level. Currently trading below $2,500, Ethereum could see further declines if the selling pressure continues. Exchange reserves have risen, with 19 million ETH valued at $47 billion now held on exchanges. A significant drop in large holders’ net flow, down 17% over the past 30 days and 36% in the past week, suggests that whales are reducing their positions. This trend is a bearish signal, as it often leads to retail investors following suit, potentially pushing ETH’s price down to $2,100. However, a resurgence in demand could push the price back up to $2,600.
Short
by paul_endeo
ETH/USDT 1DAY CHART ANALIYSIS !!Here is the daily chart of Ethereum (ETH) against Tether (USDT), with a focus on a potential short scenario. The analysis based on the chart is as follows: The chart shows a clear descending trend with lower highs and lower lows, indicating bearish momentum in the market. The price is currently near a key support area of around $2,360, highlighted by the brown horizontal area. This support area has been tested multiple times and is crucial for the next price action. there is a resistance area near $2,800, which has previously acted as a supply area, which could potentially limit any immediate bullish rally. A breakdown from a small ascending wedge or consolidation pattern appears, indicating further bearish pressure. The chart shows a possible rebound from the current support zone, but with overall bearish pressure, the broader movement may remain downward until the price breaks above the resistance. Below is a long-term ascending trendline, which could act as a key support level if the current support fails. the short-term scenario remains bearish, with a short-term bounce likely from current levels. However, the general bias suggests caution, as the breakdown from the recent consolidation points to a risk of continued declines unless key resistance levels are broken. Note: This is not financial advice. Stay tuned for further updates and analysis. Thank you.
Long
by CryptoSanders9563
ETHEREUM Higher Timeframe AnalysisBy looking at the weekly chart on Ethereum, we have noticed that Ethereum is still in its corrective phase. The correction phase is made of 3 waves ( A, B, and C ). As you can see, we have finished waves A and B and we are now in the final wave ( wave C ). Expecting this wave to be completed between the lows and the -0.27 Fibonacci level where we'll be looking to ride the next impulse. Will be focusing on catching the bearish moves until we reach our buy zone. Don't forget to hit the like bottom if you like this idea and interested to see shorter timeframe analysis.
CRYPTO:ETHUSD
by Tradenessfx
Aug.27-Sep.2(ETH)Weekly market recapBTC volatility decreased after BTC gave back the gains from the Jackhole meeting. Currently, the number of stablecoins in the market continues to grow, getting closer to ATH, but there are few market hot spots except memes. After the staking storm passed, we saw the meme rise again. Whether it is Pump.fun on Solana earlier or Sun.pump that appeared on Tron recently, we can see that both large and small entities have turned their attention to memes. Four.meme backed by Binance also began to develop on the BSC chain, trying to capture the popularity after the release of CZ. For the crypto market, except for emergencies, market volatility suffocates any trader, and people can only grow their wealth through memes. The market only transfers wealth and does not create value. Risk assets have fully priced in a September rate cut, and even if there is some difference in value, monetary policy is unlikely to bring additional volatility. This Friday, the U.S. Department of Labor will release the latest NFP data. Unless there is a significant deviation from expectations, risk assets will maintain their trend. Beyond that, the cryptocurrency’s performance relative to NDX remains affected by ETF flows. The volatility of ETH last week was greater than that of BTC, but the overall volatility remained volatile. Trading volume is sluggish. The indicators are consistent with the reaction of BTC. No whales have participated in the past seven days of trading, and the ME indicator maintains a bearish trend. To sum up, we believe that ETH is weaker than BTC. This is also reflected in the capital flows of the ETH ETF. 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
Ethereum - CME Gap yet to be filled#ETH/USDT #Analysis Description --------------------------------------------------------------- + As shown in the chart, the Bitcoin CME futures gap is still unfilled. + This gap was created during the sudden market crash driven by recession fears. + Historically, 90% of CME gaps get filled sooner or later, and we expect the same outcome in this case. + Currently, the ETH price is around the support zone, and it appears to have recovered after hitting this level. + It's likely this gap will be filled in September, as it is typically a bearish month, but it should certainly be filled before the end of October. --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
CME:ETH1!Long
by VectorAlgo
EthereumHi guys We are at the bottom of the upward channel. On the other hand, the amount of Ethereum in the centralized exchange has reached the lowest historical level. It seems that investors are not sellers at these rates. In the four-hour time frame, it seems that with the consumption of the $2408.3 support area, we can expect a downward trend similar to the scenario from the specified resistance range. On the daily time frame, according to maintaining the support area and ascending channel, provided that the ascending trend line is maintained, the price area of ​​$2250 can be attractive for buying. what do you think?
Short
by BiTBingo
ETH/USDT: DAILY TECHNICAL ANALYSIS!!Hey everyone! Appreciate a like and follow if this analysis helps! ETH is currently trading around $2400 level. It forms a symmetrical channel in the daily time frame and approaches towards the channel's lower trendline. As you see in the chart, it has a strong support of around $2100-$2300 level (Green Box). After we test this support, expecting a good bounce in quarter four of this year. All we need to survive the next 20-25 days patiently. After that, we will see a huge upside in the crypto market. What are your thoughts on Ethereum's current price action? Share your analysis in the comments!
Long
by CoreCrypto1
ETH/USDT 4-HIOUR CHART UPDATE !! ETH/USDT is currently trading at $2,448, down by 0.07%. On the 4-hour chart, ETH shows signs of weakness after breaking down from a rising wedge pattern, a bearish signal suggesting a potential downside. Immediate support is around $2,395, with a more significant support level near $2,165, where a long-term trendline may provide a strong base. Resistance is seen at $2,580, and a break above this could shift the trend back to bullish. However, failure to hold above support levels might push ETH towards lower zones, potentially targeting the $2,100 area. Watch for volume confirmation on any breakout attempts. Note: This is not financial advice. Stay tuned for further updates and analysis. Thank you!
by CryptoSanders9563
ETH → a short position signalhello guys. Resistance Zone: Price action has recently tested the resistance zone around $2,668-$2,715 (yellow shaded area), which aligns with a Fibonacci retracement level of 0.618. The price was unable to break above this resistance and has started to move downward. Bearish Trend Formation: A clear downtrend is forming as the price has failed to make a higher high and is now making lower lows. The downtrend is confirmed by the rejection from the resistance zone. Fibonacci Retracement Levels: The chart uses Fibonacci levels to highlight potential support and resistance areas. Key levels to watch: 0.382 retracement at around $2,455.94 0.618 retracement at around $2,395.78 (next target zone) Key Support Levels: The next significant support level is around $2,366 (highlighted by the yellow zone at the bottom). If the price continues its downward movement, this area may serve as a potential buying opportunity or a target for short positions. Potential Trading Strategy: The bearish momentum suggests considering a short position with a target near the $2,366 support zone. A stop-loss could be placed above the recent high at $2,668 to manage risk. Market Outlook: Bearish in the short term as the price is likely to continue declining towards the next key support level. Overall, the chart suggests a bearish trend with a potential downside target around $2,366 if the current support level fails to hold. ___________________________ ✓✓✓ 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
by melikatrader94
2
Is an Altcoins rally coming? When? ETH/BTC 1W chart;CRYPTOCAP:ETH CRYPTOCAP:BTC 1W chart; On the chart we see two falling trend lines (red dash), one rising trend line (green dash). The price is in this range. It bounced 2 times from the OB resistance just above it. This place is weakened. It can also be interpreted that if it weakens enough, it may go up to the OB area above. It touched the lower green trend line 3 times and the last time it touched it, the mismatch on the RSI side stands out. So it gave an upward signal. The big red candle on the right shows the monthly volume. In other words, since the month started, it has gone down without going up. The appreciation of #Eth against #Btc means that altcoins are also appreciating. Accordingly, it is expected that a movement in altcoins will begin. Likewise, I have previously informed that many of the altcoins are in strong bottoms and trend compression. Although there is a downtrend extending from September 2022 to the present day, a close above the -OB level just above the current level will be the beginning of an upward trend. Therefore, it is important to follow this level.
Long
by ugurtash