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ETHUSDT

ETHUSDT.1DThe daily chart for Ethereum (ETH) against USDT provides a detailed view of the price movements and key levels that could indicate potential future actions: Resistance Levels: R1 ($4,126.11): This level has been a recent high and could act as the first significant resistance. R2 ($4,371.66) and R3 ($4,752.50): These are the subsequent resistance levels that the price may encounter if it breaks past R1. R2 and R3 could serve as targets for taking profits if Ethereum enters a bullish phase. Support Levels: S1 ($3,301.24): This is the nearest support level where the price might find a floor if there's a pullback. S2 ($2,874.64) and S3 ($2,112.62): These lower supports may come into play if there is a significant downward trend or market correction. Current Market Position: The price of ETH is currently hovering near $3,771.07, positioning it above S1 but below R1. This suggests some consolidation between these levels. Technical Indicators: MACD (Moving Average Convergence Divergence): The MACD is close to zero with a slight bullish histogram, suggesting that there might be a buildup in bullish momentum, although the signal isn’t strong yet. RSI (Relative Strength Index) is at 66, which is moderately high but still below the overbought threshold of 70. This indicates that there might still be room for upward movement without immediate overbought concerns. Market Sentiment: The descending trendline from the peak in April to the present suggests that ETH has been under a bearish control but is now potentially trying to break this trend. A confirmed breakout above this trendline could signal a change in momentum to bullish. Trading Strategy: Bullish Scenario: Should ETH break above the descending trendline and R1, traders might consider long positions with targets at R2 and R3, setting stop losses just below R1. Bearish Scenario: If ETH fails to break the descending trendline and drops below S1, this could indicate a continuation of the bearish trend, with potential targets at S2 and S3. Traders might look to short ETH or exit long positions to minimize losses. Conclusion: Traders should monitor Ethereum’s reaction to the descending trendline closely. A breakout above this line and R1 could herald a new bullish phase targeting higher resistances. However, a failure to surpass these levels and a subsequent drop below S1 could extend the bearish sentiment. As always, market conditions, global economic factors, and news specific to Ethereum should be considered when making trading decisions.
by MarsSignals
May.28-Jun.3(ETH)Weekly market recapThe volatility brought about by the approval of the ETH ETF gradually narrows. U.S. employment data, CPI for May and FOMC will be released in the next two weeks. This will affect market expectations for monetary policy. Starting from April's data, both employment and CPI began to cool down. Although the Federal Reserve said that an interest rate cut is far away, but we all know that it is approaching. The United States has entered the election cycle, perhaps this is also the main reason for the approval of the ETH ETF. More and more candidates showing themselves to be crypto-friendly and looking to gain support from Cryptoer. Similarly, we believe that the Federal Reserve also needs to submit a satisfactory answer to the public to ensure the vote rate of the Democratic Party during its term. Therefore, we believe that interest rate cuts will still wait until Q3~Q4, but the market will be more aggressive in pricing interest rate cuts. In the past 7 days, ETH volatility has decreased and remained fluctuating at high levels. ETH/BTC has not returned to the level where the BTC ETF passed, which shows that ETH is still slightly undervalued in terms of the benefits brought by the ETF. Both bulls and bears are cautious, with trading volume declining after returning to highs. Judging from the WTA indicator, the blue column representing the whale has disappeared. The ME indicator has restarted the bullish trend after the pump. To sum up, we believe that ETH will continue to remain volatile most of the time this week, and the rise is likely to be greater than the fall. We maintain my original resistance level 4000 and support level 2800. 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
1
ETH Support 3700 Appears To Be HoldingETH ETFs will give Ethereum and therefore altcoins a nice bump/pump and I believe that, as long as ETH can hold this current support level at around 3700, then Ethereum and altcoins have found their local low. In other words, altcoin season is close. Supporting this theory is this inverse H&S pattern which I spotted well before the right shoulder had even formed. We can now see that this pattern appears to actually be playing out and Ethereum should remain strong for the remainder of 2024, though the possibility of breaking support at 3700 and dropping to 3500 still remains relatively strong as well before further upside. Adjust all stops and plan accordingly.
COINBASE:ETHUSDLong
by stewdamus
1
Trading opportunity. What to buy?In the crypto market, the largest assets are currently experiencing similar situations. On the charts, we can see that six assets have formed sideways trends. Prices for all six assets are currently at the bottom of these sideways trends. For four assets, the price temporarily dropped below the lower boundary of the sideways trend, where liquidity from sellers was collected, but then returned to the sideways trend. The prices of five assets, excluding BNB, are in zones where it makes sense to consider buying. The most interesting potential is with DOGE and AVAX. One possible strategy to consider is buying four assets that you like the most.
Editors' picks
Long
by AlexeyWolf
16
Brief ETH Analysis | Bearish Trend? Key S & R Levels 1D TFThe 1D TF chart for Ethereum shows a consolidation period following a significant uptrend. Key events include the publication of the U.S. Consumer Price Index (CPI) on May 12 and circulating news about the upcoming approval of the Ethereum spot ETF, which caused heightened market activity. On May 20, Ethereum's price surged by 21% in a single day, a significant movement compared to the typical 9 - 11% increases. This sharp rise was driven by speculative news and positive sentiment surrounding the potential ETF approval and favorable CPI data. After this spike, the price entered a range, characterized by increased trading volumes but low volatility candles, indicating market indecision. Recently, an "Inside Bar" pattern has formed: the middle candlestick is a small bearish candle enclosed within the previous large bullish candle, with a potential bullish candle forming today. This pattern highlights market indecision and suggests a potential breakout in either direction. Currently, Ethereum is testing a critical resistance level around $4K. A breakout above this level, accompanied by increased volume, could signal further upward movement. Conversely, failure to break this level might lead to a pullback towards the support zones. The current chart analysis shows that ETH is approaching a significant resistance level around $4K, marked by a descending trend line. This resistance has been tested several times, underscoring its importance. The volume profile indicates consolidation between key support and resistance levels: ◼️ Resistance Levels: Around $3.9K and $4.1K. ◼️ Local Support Levels: Around $3.7K and $3.5K. ◼️ Bullish Scenario: A breakout above $3.9K, accompanied by increasing trading volumes, could signal the continuation of the bullish trend towards the next resistance level around $4.1K. ◼️ Bearish Scenario: If the price fails to break through the resistance and falls below the $3.5K support level, it could indicate a potential bearish reversal or an extended consolidation phase. Monitoring trading volumes and price movements around these key levels will be critical in predicting the next significant move. Disclaimer: Content for seasoned traders only. Not financial advice. You bear sole responsibility for trading outcomes. ➖ DYOR 🧠 💡
COINBASE:ETHUSD
by TeddyVizion
Ethereum Let's go for Ethereum $4000 or Ethereum $3500!!? what do you think? We have HH and HL on the chart so far; In other words, we do not have confirmation for a downward trend (((currently))). The resistance range that we had on the price area of ​​$3943 has also been completely consumed. As the resistance areas are consumed, the way to continue the upward trend is opened. Now, on the price chart, a compression movement has been formed in the 30-minute time frame; Provided that the price range of $3,628 is maintained, there is a high possibility that we will get out of this compression from above. But we have to be careful, the possibility of getting out of this compression from the bottom is not small. Especially since currently 68% of Ethereum holders are in profit.
Long
by BiTBingo
ETH: Approaching SupportTrade setup : Price is in an Uptrend. Following a bullish breakout from a Descending Triangle pattern, price spiked up 25% and reached our near-term target of $4K. However, it got overbought (RSI ~ 70) and is pulling back on some profit taking. Now we look for the right entry opportunity in Uptrend. We wait for price to either 1) break above $4K to signal continuation of uptrend, with +17% upside potential to its ATH of $4,700, or 2) pull back near $3,200 support for another swing trade entry in Uptrend with upside potential back to $4K. Learn to trade chart patterns in Lesson 8 and set Stop Loss levels in Lesson 9. Pattern : Price is Approaching Support , which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level. Learn to trade key levels in Lesson 7. Trend : Short-term trend is Up, Medium-term trend is Strong Up and Long-term trend is Up. Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $3,200.00, then $2,930.00. Nearest Resistance Zone is $4,000.00, then $4,800.00.
Long
by altFINS
ETH/USDT 4HOUR CHART UYPDATE Hello friends, welcome to this ETH update from Crypto Sanders. ETH/USDT Brief Update Ethereum (ETH) is currently trading within a head and shoulders pattern on the 4-hour timeframe, as seen in the chart. Here are the key points: ETH is showing a head and shoulders formation, which typically signals a potential bearish reversal. Resistance and Support: Around $3,950 to $4,000 (highlighted by the left and right shoulders). Close to $3,640 (lower boundary of the pattern). A breakout above the right shoulder (~$3,850) could lead to further gains. A breakdown below the support level (~$3,640) would confirm the head and shoulders pattern, which signals a potential decline. Monitor the $3,850 resistance level for signs of a breakout. Keep an eye on a potential breakdown below $3,640 for bearish confirmation. Stay tuned for further updates and analysis! I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Short
by CryptoSanders9563
ETH fighting against strong resistanceHello everyone, let's take a look at the ETH to USDT chart on a one-day time frame. As you can see, the price is currently bouncing off the downtrend line. Let's start by determining the support line and as you can see, the first support in the near future is $3,530, then you can see support at $3,250, and then we have a strong support zone from $3,046 to $2,796 Now let's move on to determining the resistance points. And here we must start by identifying a very strong resistance zone from $3,821 to $4,110, only when we manage to break out and positively test this zone, we can see a move towards the resistance at $4,917. Looking at the EMA Cross 50 and 200 indicator, they still indicate that the strong upward trend is maintained. There is still room for growth on the RSI indicator, while the STOCH indicator shows a move towards the upper limit, so you should be careful and take into account a possible recovery.
by cryptodailyuk
Let's hope ETHEREUM DOES NOT do THIS 😨BINANCE:ETHUSDT Ethereum is looking bullish after a strong bounce and a successful retest of the support zone at 2800. According to all Fibonacci logic, we SHOULD be hitting the 1.618 zone SOON. But we're not out of the woods just yet. There's a risk of a very bearish pattern forming IF we cannot close the daily ABOVE our previous resistance zone. This would form a nasty M-Pattern that could takes us back to 2800 and even lower. Technical indicators are extremely bullish right now, but this does not guarantee that sellers aren't waiting for us around the corner at 4000. Naturally, we can expect ETH to keep on following BTC closely over the next week. If Bitcoin makes another leg up, Ethereum will soon follow a day or two later. _______________________________
Long
by CryptoCheck-
ETF approval will pump ETH price to a new ATHHi everyone, After consolidation within 3000 - 2800 support area Ethereum price skyrocked on the news about possible ETH ETF approval. Few days ago ETH ETF has been approved and Ethereum price continue to rise even though Bitcoin price is slowly declining. If Bitcoin price won't dump in the coming days then I expect Ethereum rise at least up to local high at 4080 price level but even if there will be some correction on Bitcoin I don't think that ETH price will significantly dump. There is one thing to note about ETH ETF. Even though it was approved, the real trading will start at least one month later, so there is room for Ethereum price to go up or down before ETF trading starts. But overall ETF approval is a higly bullish news for Ethereum and most likely it will pump its price to new all time highs. Please, do not forget to boost this idea & share it with your friends; thanks.
Long
by Real_CryptoRoy
9
ETHEREUM → The coin comes to life. Target 4,000?BINANCE:ETHUSDT is forging a retest of the key support area. On the background of NFP publication, the coin grows following the flagship - BTC and tests 3130. We are waiting for a retest of 3200. An interesting promising candlestick pattern is forming on W1 on the background of the retest of the key support, which is the resistance of the previously broken ascending channel. The Chart clearly shows how the market is gathering liquidity at the expense of sellers, which is generally an encouraging pattern with the goal of further growth. On D1 it is worth paying attention to the triangle boundaries, as well as to the 3200 area, a breakout and subsequent consolidation above which will form a strong bullish potential that can continue to grow to the interim high of 4086, as well as to the ATH. Support levels: 2900, 2812 Resistance levels: 3200, 3350 Technically and fundamentally, ETH has a good potential. The phase of realization of the accumulated energy can be activated at the breakout of 3200. Also, on a bullish trend symmetrical triangle is a good and potentially promising pattern. Regards R. Linda!
Long
by RLinda
25
May.21-May.27(ETH)Weekly market recapLast week, the SEC unexpectedly approved the ETH ETF. Although it is still some time before the launch of the ETH ETF, the cryptocurrency market has entered a carnival. ETH started pumping, narrowing the gap with BTC in terms of gains. We believe that although the ETH ETF has been approved, the pledge utility of ETH will still make the SEC cautious about ETH. On the other hand, we saw last week that Donald Trump, the Republican candidate for the 2024 election, stated that he would accept donations from cryptocurrencies, support the development of cryptocurrencies in the United States, and ban CBDCs if the campaign is successful. This is also the reason why meme coins based on Trump have risen recently. If Trump eventually becomes President of the United States, cryptocurrencies will see an even bigger rise. ETH has performed well last week, with a price increase of nearly 30%, mainly due to the approval of the ETH ETF. Before last week's long green candle appeared, we can see from the MBF indicator that ETH's bottom-buying sentiment was sluggish. But after the ETF was approved, everything changed. On the WTA indicator, blue columns representing whales appear in groups, and trading volume also increases significantly. The wavy area of the ME indicator, which was about to turn into a bearish signal, has once again widened. For ETH, it is currently close to the high point of the year which is also a strong resistance level of 4000. In summary, we believe that the gradually increasing selling pressure will cause ETH to fluctuate this week. Based on the strengthening bulls, we raise the resistance level to 4000 and maintain the original support level 2800. 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