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ETHUSDT

ETHUSDT - UniverseMetta - Analysis#ETHUSDT - UniverseMetta - Analysis Clear boundaries of the sideways trend in which the price has been since March are visible. There was also a withdrawal of liquidity from the February lows. You can try to add an asset to your portfolio. For speculative positions, we can consider H4, the formation of a 3-wave structure in continuation of the upward movement, to the upper border of the sideways trend. If the price fixes above the border and retests the level, it will be possible to consider purchases with a target of 6084. To cancel the idea or purchase additional assets, it is better to consider a breakout of the nearest minimums. Target 3700 - 6084
Long
by Trade-U-Metta
#ETH/USDT WEEKLY CHART ANALIYSIS !The ETH/USDT weekly update shows a bearish breakdown below a key support level, with the price currently at $2,502.09. Ethereum is approaching an ascending trendline, a crucial support level. Failure to hold this level could cause the price to drop to around $2,000. Conversely, a bounce off this trendline could face resistance at the previous support level of $2,800. Traders should keep an eye on volume and RSI signals to gauge the strength of the current downtrend and potential reversal points. Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
by CryptoSanders9563
Next Volatility Period: Around August 14th - 18thHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (1M Chart) You can see that the 2531.05 ~ 0.382 (2647.80) section is an important section. If it falls in this section, it is likely to turn into a downtrend in the long term, so be careful when trading. - (1W chart) If it falls in the 2531.05 ~ 0.382 (2647.80) range, it is likely to eventually touch the HA-Low indicator on the 1W chart. Therefore, as the price falls, we need to check at what point the HA-Low indicator is generated. If not, it is expected to fall to around 1340.12, where the HA-Low indicator is currently located. However, we need to check for support near the 2159.00 point (the bottom point of the HA-High indicator box on the 1M chart) and the 1783.0 point (the top point of the HA-Low indicator box on the 1W chart). If it rises, it is likely to face resistance near 3265.0-3321.30, so we need to check for support. - (1D chart) It is a medium-term rising channel, that is, it has entered a short-term falling channel while falling from the rising trend line (1) ~ (2) section. This short-term falling channel is a channel made up of high-point trend lines. Therefore, if it falls from this channel, it is thought that it is likely to record another large decline. That is why the key is whether there is support near the 1783.0-2159.0 section. - When making new purchases, it is recommended to check whether there is support near the HA-Low indicator on the 1D chart if possible. Currently, the HA-Low indicator is formed at the 3079.59 point. However, since there is a high possibility that a new HA-Low indicator will be created depending on price fluctuations, I think it is better to wait for it to be created at some point. - The time to buy is when StochRSI > StochRSI EMA and the StochRSI indicator is out of the oversold zone, and you can proceed by checking whether there is support at the support and resistance points. Currently, I think it is most likely to check whether there is support above the 2531.05 ~ 0.382 (2647.80) range. If it falls, 1st: 2159.0 2nd: 1783.0 You should check whether there is support near the 1st and 2nd above. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The range 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
Continued decline?Ethereum is in a strong downtrend and has been unable to break through key resistance levels. This indicates continued selling pressure and decreased investor confidence. Support and Resistance Levels: $3110 Level: This is a key resistance level that the price has been unable to surpass and has sharply declined after hitting it. $3000 Level: This level also acted as resistance, and after breaking below this level, the downtrend continued. $2850 Level: This support level was also broken, and the price has reached $2677. $2677 Level: This is an important support level that, if broken, could lead to further price declines. $2170 Level: This is the lowest support level currently, with the price near this level. If this level is also broken, further declines in Ethereum's price may be observed. Ichimoku Cloud and Downtrend: As long as the price remains below the Ichimoku Cloud and key resistance levels, the likelihood of the downtrend continuing is higher. Breaking through these levels could indicate a return of buyer strength and a potential trend reversal.
by MonoCoinSignal
Jul.30-Aug.5(ETH)Weekly market recapAfter the release of employment data last Friday, the Sahm rule was triggered and the FUD of recession swept through various financial assets. The stock market and BTC both suffered a very significant correction. But is this really the case? After the employment data was released, BTC and US stocks were the first to react, with US stocks remaining volatile after opening lower on Friday. BTC dumped over the weekend and drove the Asia-Pacific stock market. But gold did not rise. Even under the dual momentum of Iran's potential attack on Israel and recession expectations, it only fluctuated and did not price recession. Another point that has been ignored by the market is that as a leading indicator of recession, U.S. bond yields have been inverted for a long time. The market once priced in a recession in 2023 because of the inversion of U.S. bond yields, but now ignores it at this point. We don’t deny the recession. But we may have already been in it, and the market’s reaction was too violent, at least for BTC and Asia-Pacific stock markets. The volatile upward trend of U.S. stocks after opening lower on Monday, as well as the pullback of XAUUSD, prove this view. Therefore, from a macroeconomic perspective, we do not believe that there is room for further dumping of various financial assets, or that bullish strategies are better than bearish ones. The decline of ETH is much greater than that of BTC. This may be because a large amount of ETH is staked in the protocol, which indeed increases the liquidity but the volatility. ETH has wiped out almost all of its gains from 2024, and it’s hard to imagine this in an environment where an ETH ETF is listed. But in any case, ETH also had a long downward pin-bar, and the bulls strengthened. Judging from the indicators, there have been signs of whales participating in transactions in the past two days, which means that whales have been bargain hunting after ETH fell. The ME indicator has turned bearish. To sum up, we believe that ETH may mainly fluctuate this week, and the downward trend is more likely than the upward trend. We lower the support level to 2400 and the resistance level to 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
Why Ethereum needs to cross $2.5K to turn bullish againEthereum (ETH) plummeted to the January lows over the past few hours. Its descent below $2.9k was followed by a 27.5% drop over the next 12 hours. At press time, ETH has bounced to $2366 from the $2.1k lows, a 12.17% bounce. The smart money that bought close to $20 million when prices were at $2.9k and $3.1k has not been correct this time, smudging a previously perfect track record. The price crash of the past couple of days was brutal. In just the last 24 hours, Ethereum markets saw $346.5 million worth of liquidations. The daily RSI fell to 19, the lowest since 18th August 2023. The daily session has not yet closed, but as things stand, the rally earlier this year has been wholly retraced. The $2.5k-$2.6k zone is likely to serve as resistance on the way upward. The OBV formed a new low to encapsulate the idea of extreme selling volume. The day’s trading volume is 1.55 million ETH and counting, the highest in 2024. While it might be a good reason to buy, more conservative traders and investors would want to see prices reclaim key support zones and stay above them for a few days before they’re confident enough to bid. Market crashes like these are not a good time to be in a leveraged trade, as 270k+ crypto traders found out over the weekend. The Open Interest has fallen from $9.9 billion on the 3rd of August to $7.35 billion at press time. A bounce toward $2.5k was possible, but the New York trading session can see added selling pressure.
by paul_endeo
Where is the best buying area for #ETH?📊Where is the best buying area for #ETH?❓ 🧠 We pulled back as expected after completing the target of the weekly level bull structure. From a structural perspective, we have constructed a double top bearish structure in the sell zone, with the ideal target zone for this structure being 1643-2618. ➡️If we can reach this buying area directly, then we will plan to buy back the spot holdings reduced in the selling area again. 🤜If you like my analysis, please like 💖 and share 💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:ETHUSDT
Short
by wolf_king888
Ethereum : WHALES sell, RE-Accumulation Phase NOWIt's made headlines that large whale wallets have sold off large chucks, driving the price of ETH down by over 35% in only a few days. We see a yearly low in the daily RSI, as well as an "Oversold" flash on the Technical indicator. The good news, is that this will give buyers a few weeks to re-accumulate ETH before the next impulse wave up starts: For the short term, the price will likely continue to trade down the lower Bollinger Bands until the sell-off is over. Retail is catching on to the sell off, so it's likely we'll see wicky price action as this kind of volume will be attractive for algo trading. For the SHORT and NEAR term I am bearish, but for the NEAR to LONG term I remain bullish that another impulse wave up is next. __________________________ BINANCE:ETHUSDT
Short
by CryptoCheck-
1
ETH Ethereum ETFs Set to Launch. Short Term Price TargetIf you haven`t sold the top on ETH: Then you need to know that the Chicago Board Options Exchange (CBOE) has announced that five spot Ethereum exchange-traded funds (ETFs) are slated to begin trading on July 23, pending regulatory approval. However, the launch of these Ethereum ETFs could lead to a price decline similar to what was observed with Bitcoin. After the launch of the spot Bitcoin ETFs in January 2024, Bitcoin experienced a notable drop in its price. Initially, Bitcoin was trading above $48,000 but then plummeted to as low as $38,700 on January 23, 2024. This represents a nearly 20% decline from its high​​. The initial drop of 5% was observed shortly after the ETFs went live, attributed to profit-taking behavior and market dynamics​. For Ethereum, a similar scenario could unfold. The influx of capital and the heightened attention could initially drive up prices. However, once the ETFs start trading, profit-taking behavior might set in, potentially causing Ethereum's price to fall by 5% to 20%. Investors should be prepared for potential volatility surrounding the launch date. My Price Target is $2800.
Short
by TopgOptions
1
Possible Ethereum price action after start of ETH ETF tradingHello guys, ETH ETF trading officially started on 23rd July and I would like to discuss what we can expect from Ethereum price in short and mid terms. If story repeats itself then we can expect price drop on ETH in short term as it was with Bitcoin after start of BTC ETF trading. I remind that Bitcoin price dropped on 20% after the start of BTC ETF trading. Same thing can happen with Ethereum price in coming days and weeks. Also, as it was with Bitcoin after beginning of ETF trading, there is huge outflow from Grayscale which puts a lot of pressure on the price. This can last for a few weeks and after that we can expect reduction of selling pressure and new wave of the uptrend. Another story here is that even after beginning of ETF trading Ethereum price still follows Bitcoin price and at the moment there is selling pressure on BTC as Mt.Gox exchange transferring another big part of what they should repay. In conclusion, we have to wait when outflow from Grayscale reduces and when Mt.Gox will transfer most of their funds for repayment. These two events will reduce selling pressure for both assets and will help to resume the uptrend. Please, do not forget to boost this idea and leave your comments below, thanks.
by Real_CryptoRoy
18
ETH's Situation: What Shall we Expect !!!The price felled to PRZ zone. and now price can react to PRZ zone and then rise up. ✨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
Ethereum medium term analysisWe have a scenario for Ethereum. Note that this analysis requires a lot of time It doesn't matter if we reach the green range like the wave counter on the chart or not, but whenever the price reaches the green range, we will be a buyer. Ethereum seems to be completing a large bullish triangle, which we are now in wave d. It is expected to be rejected from the supply range to the damnd range. On the green range, we are looking for buy/long positions for medium and long term. Closing a daily candle above the invalidation level will violate this analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
2
ETH ANALYSIS (potential reversal)🔮 #ETH Analysis  🚀🚀 As we can see that #ETH was trading in a descending channel and given a breakout and make a bullish movement and right now same structure is forming and at the crucial support zone. We can see bullish movement or a reversal from its crucial support zone 💸 💯🚀 💸Current Price -- $2740 📈Target Price   --  $3950   ⁉️ What to do? - We have ETH crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #ETH #Cryptocurrency #DYOR
Long
by ZEUS_Market_Alerts
ETH-USDT 12HInterval Chart ReviewHello everyone, let's take a look at the ETH to USDT chart on a 12-hour time frame. How can we see how the downtrend channel has been defined for us, in which we are at the lower border. Let's start by determining the support line and here you can see how the support at $2,823 has been broken and we are currently approaching the strong support at $2,626, while when we start going further, the next support is around $2,392. Looking the other way, there is resistance at $2,922, and then the price will again have to face the resistance zone from $3,098 to $3,225.
by cryptodailyuk
Ethereum Monthly and Weekly Analysis: Key Support and Resistance Ethereum has initiated a 146% bullish wave on the monthly timeframe but is currently undergoing a rest and correction phase. 🔍 Fibonacci Retracement Levels from 1516 to 4114: 0.38 Fib Level: 2864 0.5 Fib Level: 2548 0.618 Fib Level: 2268 🔗 Weekly Timeframe Insights: A 624-day long ascending channel is observed. The price is currently interacting with the midline of this ascending channel. The channel's bottom serves as a strong support zone around 2232 to 2505, which aligns with our PRZ (Potential Reversal Zone). 🛡️ Key Points: This PRZ lies between the 0.5 to 0.618 Fibonacci retracement levels. The 200 MA (Moving Average) on the monthly timeframe also converges in this area. The psychological level of $2500 is significant, with nearly $2 billion in long positions that could be liquidated around this zone. The horizontal channel target on the daily timeframe is also situated here. 📉 Daily Timeframe Observations: Currently, Ethereum is in a horizontal channel on the daily timeframe. The channel's bottom coincides with the weekly support at 2865. A break below this level might present a shorting opportunity. 💡 Strategic Suggestions: For long-term holds and buying, it’s advisable to wait until Ethereum reaches the PRZ and exhibits a bullish reaction and momentum. Alternatively, consider entering after a break above the daily channel. For DeFi or lending and borrowing, $2500 could be an interesting entry point, provided your liquidation level is below $1500. 🌟 If you find this analysis helpful, please like, comment, and share! Let's discuss further in the comments. Hashtags: #Ethereum #CryptoAnalysis #Trading #Fibonacci #SupportAndResistance #Tradecitypro #TCP Categories: Trend Analysis Support and Resistance Fibonacci Analysis
by tradecitypro
11
ETH/USDT Outlook ICT Concepts Ethereum (ETH/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: We expected the price to have a retracement higher before expanding lower, similar to Bitcoin. However, Ethereum showed more bearishness and expanded lower without the expected retracement. 📍 Current Market Overview: The current price is around 2,916.80. ETH has swept the previous week low (PWL) and taken out some sell-side liquidity (SSL). It has also tapped into a Fair Value Gap (FVG) on the 4-hour timeframe. 🔍 Identifying Key Levels: • PMH: Previous Month High • PWL: Previous Week Low • PWH: Previous Week High • PML: Previous Month Low • BSL: Buy-Side Liquidity • SSL: Sell-Side Liquidity • 4H FVG: 4-Hour Fair Value Gap, highlighting areas of imbalance on the 4-hour timeframe 📊 Key Considerations: • Swept Previous Week Low: ETH has swept the previous week low (PWL) and taken out low resistance sell-side liquidity on lower time frames. • Support Levels: The price has tapped into a 4-Hour FVG and has shown a reaction, indicating potential support. • SMT at the Lows: There is SMT (Smart Money Technique) at the lows with BTC, which is a bullish indication. BTC formed higher lows while ETH formed lower lows. • Reaction to FVGs: We need to observe the reaction from the two FVGs close to the current price for further confirmation of the next move. • Inverse Confluence: If we inverse the chart, it provides another confluence to the bullish scenario. 📈 Bullish Scenario: Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met: • Retracement Higher: We can expect the price to have a retracement higher from the current support levels. This move could target some key resistance levels or lower time frame low resistance levels, similar to the analysis we performed for BTC/USDT. • Key Levels to Target: The price could aim for the 4-Hour FVG above and possibly sweep minor buy-side liquidity before deciding on the next move. 📉 Bearish Scenario: A bearish scenario should be considered if the following conditions are met: • Failure to Hold Support: If the price fails to hold the current support levels provided by the 4-Hour FVG, we might see a continuation lower. • Clearing Buy-Side Liquidity: For any bearish scenario, we need to see some buy-side liquidity being taken out first before considering lower targets. 📊 Chart Analysis Summary: • Bullish Expectation: The expectation is for the price to potentially retrace higher from the current levels, targeting the 4-Hour FVG above or some lower time frame low resistance levels. The SMT at the lows with BTC adds to this bullish outlook. • Bearish Expectation: For a bearish scenario, we need to see a failure to hold the current support levels and potentially clear some buy-side liquidity before considering lower targets. 💡 Conclusion: The ETH/USDT chart is showing a similar pattern to the BTC/USDT chart analyzed previously. We can expect a potential retracement higher from the current support levels, with key levels to watch for further moves. The SMT at the lows with BTC provides a bullish indication. As always, keeping an eye on how the price interacts with these levels will be crucial in determining the next steps. 🙏 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
ETHUSDT - 4H a correction phaseRecent political developments have influenced the crypto market significantly. The rise in Trump’s chances initially propelled the crypto market upwards. However, with Biden dropping out of the presidential race and the introduction of his alternate candidate, Trump’s chances are now perceived to be decreasing, which could lead to a correction in the crypto market. From a technical perspective, COINBASE:ETHUSD has faced strong resistance at a key zone in the 4-hour time frame. Despite multiple attempts, BINANCE:ETHUSDT was unable to break through this crucial resistance level, suggesting a lack of bullish momentum to sustain higher prices. Additionally, the Relative Strength Index (RSI) shows a bearish divergence, indicating weakening buying pressure and potential for a downward move. Given the inability to breach the resistance, the bearish RSI divergence, and the prevailing political uncertainties, it is likely that ETH will experience a pullback. This correction could provide a consolidation phase before the market assesses the next potential moves. Traders should be cautious and consider the potential for a short-term decline in ETH prices.
Short
by Sober_Trading
2