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Jul.16-Jul.22(ETH)Weekly market recapThe rise from the excellent CPI lasted for 10 days, and Biden’s quit from the next presidential election continues the bull trend. The pricing for CPI has ended. The market has once again entered a macro cooling period. We don’t think PCE on Friday will change anything. The next important macro event will be the FOMC release at the end of the July. Although it is almost impossible for the next FOMC to cut interest rates, bulls need to find reasons to maintain strength from the FOMC statement and Powell's speech. Also worth paying special attention to in the coming week is the Bitcoin 2024 conference. Trump will take the stage to give a speech on the last day. If he really includes BTC as a strategic reserve of the United States as he said before, then BTC will be crazy about it. On the other hand, the ETH ETF was officially approved a few hours ago, and will officially trade in the next session. This is a bullish event for ETH in the long term, but in the short term, the market reaction is not ideal. We believe that the trend of ETH may be the same as that of BTC through ETF. Take a break and then go up. ETH encountered bearish strength after hitting 3500. The performance over the past seven days has been weaker than that of BTC. The ME indicator continues to maintain its bullish trend. But judging from the WTA indicators, like BTC, whale participation has been low in the past seven days, and even the transaction volume has continued to decrease. In summary, we believe that ETH may remain fluctuating this week. The probability of rising is greater than falling. The approval of ETF will benefit ETH in the long term, and the ETH/BTC rate will rise. We maintain the 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
ETHUSDT | UP WITH ETF?Big news is on the horizon! The ETH ETF starts trading tomorrow, and this week could be monumental for crypto. Let’s dive into why ETH might be headed for a new all-time high. Market Catalyst • ETH ETF Launch: The launch of an ETH ETF is a major event, bringing fresh attention and potential inflows to Ethereum. Bullish Indicators • Market Sentiment: The anticipation around the ETF has already stirred excitement in the market. • Historical Context: Similar to BTC ETFs in the past, major asset launches often lead to price surges. Strategy Given the hype and potential inflows, I’m betting on ETHUSDT making a significant move upwards. Risk-Reward With a solid 3.28:1 RR, this trade offers a compelling opportunity to capitalize on the momentum. Action Plan Long on ETHUSDT, targeting a new ATH as the market absorbs the ETF news. The excitement is palpable, and this could be the catalyst ETH needs to break through. Let’s see if this ETF launch propels ETH to new heights! 🚀💥 Good luck, everyone! #minno #ETHUSDT #CryptoTrading #ETFLaunch #NewATH #MarketAnalysis #Bullish #CryptoNews #StayTuned
Long
by minno91
Phemex Analysis #8: Will Ethereum ETF spark a Bullish Run?The news of the Ethereum Spot ETF launching next Tuesday has been circulating widely online in recent days. Will the launch trigger a bullish run for PHEMEX:ETHUSDT.P ? Here are some key points to consider regarding the ETH price. Impressive Rise: ETH rose from $1565 (October 20, 2023) to $4098 (March 12, 2024), a significant 161.7% increase in just five months. Recent Price Action: The 1D chart shows ETH forming a potential Head & Shoulders pattern; 1st Top is at 12th March 2024 and 2nd Top is at 27th May 2024. However, a solid base (support level) has also formed around $2800. Current Price Action: ETH is currently facing resistance at $3535 and consolidating between $3517 and $3230. This retracement from the resistance level is normal and could be a sign of preparation for a future bullish run. There are two main possibilities following the launch of the ETH ETF. Scenario 1: Bullish Run If the ETF news ignites a bullish run, we can expect a high-volume breakout above the $3535 resistance level. This could be an opportunity to chase the highs, but remember to set a stop loss in case this become a false breakout. Volume is Key here. Scenario 2: Continued Consolidation The price might continue to consolidate around $3517-$3230 or even drop to create a higher low above $2800. This could be a good opportunity to buy low. Note: If you think ETH ETF launched will have positive impact on ETH price, you can leverage our In-house Grid Bots to capture the profit on both scenarios above. Try it out at our website & join the 280k successful traders on our Trading Bots.
by Phemex
Trading opportunity. ETH, BNB, NEAR, RNDRHi traders and investors! I have chosen 4 assets on which to look for purchases. The price of each asset formed a sideways trend on the daily TF and is now at the lower boundaries of these sideways (above the lower boundaries). ETHUSDT. Current buyer vector 10-11 on the daily TF. Potential target – 3977. On the hourly timeframe, the price has formed a sideways trend and now the buyer is attacking the upper boundary of the sideways trend. You can search for purchases: after the launch of a long trend on the hourly timeframe (the buyer protects the exit from the sideways trend on the hourly timeframe and the formation of a new buyer impulse) from protection by the buyer of the lower boundary of the sideways trend 2822 -2810. BNBUSDT. Current buyer vector 10-11 on the daily TF. Potential target – 645.2 On the hourly time frame, the price has formed a sideways trend and now the price is near the upper boundary of the sideways pattern. You can search for purchases: after the launch of a long trend on the hourly timeframe (the buyer protects the exit from the sideways trend on the hourly timeframe and the formation of a new buyer impulse) from protection by the buyer of the lower boundary of the sideways trend 471 - 454. NEARUSDT. Current buyer vector 5-6 on the daily TF. Potential target – 6.89 There is a short trend on the hourly timeframe. It is advisable to look for purchases when the buyer overcomes the beginning of the last impulse of the seller 5.003, protects this level, and forms a new impulse. RNDRUSDT. Current buyer vector 8-9 on the daily TF. Potential target – 11.88 There is a short trend on the hourly timeframe. It is advisable to look for purchases when the buyer overcomes the beginning of the last impulse of the seller 8.273, protects this level, and forms a new impulse.
by AlexeyWolf
2
ETHEREUM is forming a bullish head and shouldersChart Patterns and Trendlines 1. Head and Shoulders Pattern (Bearish) - Left Shoulder: Formed around 3,450 USDT. - Head: Reached a peak around 3,550 USDT. - Right Shoulder: Formed around 3,450 USDT again. - The neckline, which was breached, is around 3,300 USDT, indicating a bearish reversal. 2. Inverse Head and Shoulders Pattern (Bullish) - Left Shoulder: Formed around 3,200 USDT. - Head: Reached a low around 3,000 USDT. - Right Shoulder: Forming around the current price level of 3,498.35 USDT. - The neckline for this pattern is around the 3,500 USDT level. If the price breaks above this neckline, it suggests a bullish reversal. 3. Descending Channel - Ethereum was trading within a descending channel, marked by parallel downward-sloping trendlines. - The breakout from this channel around mid-July indicates a reversal of the previous downtrend. Key Support and Resistance Levels 1. Support Levels - 3,248.81 USDT: A key support level marked on the chart, aligning with the breakout point from the descending channel and the potential right shoulder of the inverse head and shoulders pattern. - If the price falls below this level, the next support can be around the previous lows at 3,000 USDT. 2. Resistance Levels - 3,976.07 USDT: The next significant resistance level, which is also a target for the potential inverse head and shoulders pattern. Price Projections 1. Bullish Scenario - If Ethereum holds above the 3,248.81 USDT support level and breaks above the neckline of the inverse head and shoulders pattern (around 3,500 USDT), the projected target is around 3,976.07 USDT. - This target aligns with a previous high and a psychological resistance level. 2. Bearish Scenario - If Ethereum fails to hold the 3,248.81 USDT support, it might retest the lower support of around 3,000 USDT. - A fall below 3,000 USDT could indicate further downside, potentially revisiting the lows around 2,750 USDT. Trading Strategy 1. Long Position - Consider entering around the 3,248.81 USDT support level, with a target of 3,976.07 USDT, especially if the price breaks the neckline around 3,500 USDT. - Set a stop-loss below 3,200 USDT to manage risk. 2. Short Position - If the price fails to hold the 3,248.81 USDT level, consider shorting with a target towards 3,000 USDT and below. - A stop-loss above 3,300 USDT can be set to manage risk. Summary - Ethereum's price action shows the potential formation of a bullish inverse head and shoulders pattern. - Key support and resistance levels at 3,248.81 USDT and 3,976.07 USDT respectively should be closely watched. - Trading strategies should be adaptive to the price movements around these critical levels, with proper risk management in place. ___________________________ ✓✓✓ 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
6
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: Previous month low been already taken and also the SSL. We had an expansion higher from the IFVG. anticipated a break in the market structure (MSS). 📍Current Market Overview: At the moment, the price has recently swept some Buy-side Liquidity (BSL) and the Previous Week High (PWH). We can foresee the price potentially retracing lower to target the Sell Side Liquidity (SSL) and the Fair Value Gaps (FVG) below them. 🔍 Identifying Key Levels The chart highlights several significant levels and zones that influence the current market behavior: • PMH: Previous Month High, indicating recent market highs. • PML: Previous Month Low, serving as recent support (already taken). • PWH: Previous Week High, marking recent highs (already swept). • MSS: Market Structure Shift, indicating a change in the market direction. • BSL: Buy-side Liquidity, areas where buy orders are placed (recently swept). • SSL: Sell-side Liquidity, areas where sell orders are placed. • Daily FVG: Daily Fair Value Gap, highlighting areas of imbalance. • IFVG: Inversion Fair Value Gap, indicating a zone of prior imbalance. • Monthly FVG: Monthly Fair Value Gap, highlighting significant imbalances on the monthly timeframe. 📊 Key Considerations • Current Price Position: The price is currently trading around 3,495.80, after running above the Buy-side Liquidity (BSL) and sweeping the Previous Week High (PWH). • SSL Levels: These levels below the current price are significant areas to watch for a potential retracement and liquidity grab. • Daily FVG Reaction: The Daily Fair Value Gap is expected to act as a significant support zone if the price reaches it. • IFVG Reaction: The Inversion Fair Value Gap has already been tapped, indicating previous imbalance resolution. • Monthly FVG: The Monthly Fair Value Gap remains unfilled, providing a longer-term target. 📈 Bullish Scenario Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met: • Expansion Lower: The price may retrace lower to take out the Sell-side Liquidity (SSL) and fill the Fair Value Gaps (FVG) below. • Support at FVG: A potential tap into the Daily Fair Value Gap (FVG) could provide support. • Retracement Higher: After sweeping the SSL and reacting at the FVG, we can expect the price to go higher. 📉 Bearish Scenario A bearish scenario should be considered if the following conditions are met: • Minor Buy-side Liquidity Taken: For any short case scenario, we need minor buy-side liquidity (swing points) to be taken first. • Continuation Lower: After taking out the buy-side liquidity, the price may continue lower. 📊 Chart Analysis Summary Bullish Expectation: The expectation is for the price to potentially retrace lower to take out the SSL, tap into the Daily FVG, and then go higher. Bearish Expectation: For a bearish scenario, we need minor buy-side liquidity to be taken out first before considering short positions. Understanding these key levels and the current market behavior helps in making informed trading decisions. 🙏 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
Eth Weekend Pump...starts nowTargets for #ethereum long Tp 1 🎯$3560 -- 50% 💵 Tp 2 🎯$3584 -- 25% 💵 Tp 3 🎯$3640 -- close 💵 Mainly going off targets above but have to consider a potential early close/partial @ $3523 if price have difficulty breaking the resistance there. Fundamentals isn't apart of my edge but good confluence. Eth ETF schedule to start trading on 23rd this month. People usually buy expectation and sell the event so it makes sense that the price action is quite bullish today and I anticipate continuation. Might even pump higher than my targets above...can always jump back in. Its a 13 RR trade given it plays out according to plan. Its all about probability but if anyone reading this after things play out exactly as anticipated...I told you so :)
Long
by Filnft
4
Start trading of ETH ETF might push Ethereum price up.Hi everyone, After ETH ETF approval Ethereum price increased on over 30% rising from 2800-3000 support area to almost 4000 level. Two months later price came to the same spot from where it started. Within couple weeks actual trading of those ETH ETF should start and this once again bullish news that can push Ethereum price to 4000 level. Only time will tell if it happens or not but at least in the first days price should rise significantly. As always Ethereum price heavily depends on Bitcoin price action and if it goes down then start trading of ETH ETF won't help ETH price to rise. So far Ethereum price recovers better than BTC price but if Bitcoin resumes downtrend movement then ETH will follow. At the moment it's important for ETH price rise to 3650 level as it's first strong resistance and if BTC price rises above 60k then this will be very possible task for Ethereum. Please, do not forget to boost this idea & share it with your friends; thanks.
by Real_CryptoRoy
23
ETH ANALYSIS🚀#ETH Analysis : 🔮As we can see in the chart of #ETH that there is a formation of Descending Channel Pattern. Some time ago the same structure was made and it performed well and this time also the same is happening with a perfect breakout 🔰Current Price:  $3507 🎯 Target Price:   $4000 ⚡️What to do ? 👀Keep an eye on #ETH price action. We can trade according to the chart and make some profits⚡️⚡️ #ETH  #Cryptocurrency #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
2
ETHUSD → toward $3274hello guys. Let's analyze ETH! ✎ Current Price and Structure - Current Price: The current price of Ethereum is approximately $3,158.24. - Trend: The chart shows Ethereum in a descending parallel channel, indicating a bearish trend. ✎ Key Patterns - Double Bottom: At the lower end of the chart, a double bottom formation is seen around the $3,110 level. This is a bullish reversal pattern suggesting that the downtrend might be losing momentum. ✎Trendlines and Targets - Descending Trendline: The chart shows a descending trendline that Ethereum is currently attempting to break. This line represents the resistance level in the ongoing bearish trend. - Target Line: The target line, marked at $3,274.48, is a significant resistance level that Ethereum might aim for if it breaks above the descending trendline. - Bottom Line: The bottom line of the descending channel acts as a support level. - Target Line: Extending below the bottom line, it suggests further potential downside if the support is broken. ✎Indicators - Price Action: The price action suggests a potential breakout from the descending channel. The price is approaching the target of $3,274.48 after forming a double bottom, which is a bullish signal. - Resistance Levels: The significant resistance levels to watch are the descending trendline and the $3,274.48 target. Breaking these levels might indicate a reversal of the bearish trend. Conclusion - Bullish Scenario: If Ethereum manages to break above the descending trendline and reach the target of $3,274.48, it could signal a bullish reversal, potentially leading to further upward movement. - Bearish Scenario: If Ethereum fails to break the descending trendline and drops below the current support levels, it might continue its downtrend within the descending channel. Overall, the chart suggests cautious optimism with key resistance levels needing to be broken for a confirmed bullish reversal. Traders should watch these levels closely and consider the patterns formed for making informed trading decisions. ___________________________ ✓✓✓ 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
8
Jul.9-Jul.15(ETH)Weekly market recapThe CPI of June dropped significantly and performed better than expected. Coupled with Powell's dovish speeches on monetary policy in the House of Representatives and the Senate, the market has rekindled hopes of an interest rate cut. Judging from data available in the interest rate swap market, traders have begun pricing in the possibility of two interest rate cuts in 2024. And it is expected that starting from the FOMC in September, interest rates will be cut at every subsequent FOMC. After the German government sold BTC, FUD in the market gradually decreased. Mt.Gox's repayment method will be based on the BTC price several years ago, and the potential selling pressure will not be large. So after gold and U.S. stocks responded bullishly on Thursday, cryptocurrencies started to see gains over the weekend. Relative to U.S. stocks that continue to price in interest rate cuts, BTC and stocks in developing countries will become the leaders of this cycle. The SEC is currently expected to issue its latest response to the ETH ETF this week, and there is a high probability that it will be officially launched this week. Again, we are already on the way to a rate cut. This is the era of ETH. Although FUD caused greater losses to ETH, the continuous rise has repaired it. The listing of ETH ETF remains a focus of the market. Like BTC, ETH bulls enjoyed a rare weekend of strength and are holding on. On the WTA indicator, after ETH fell below 3000, whales appeared. The ME indicator continues to maintain a bullish trend. To sum up, we believe that ETH may lead the market higher this week. We maintain our 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
The rebound begins ---- ETHSame as we said last week. Although BTC and ETH did not react as strongly as gold when the CPI was announced. However, during the weekend when trading activity was relatively weak, both BTC and ETH rose and bulls have maintained so far. Excellent CPI has shown that the date for interest rate cuts is gradually approaching. Funds will gradually flow from the US dollar to risky assets. And the funds in the U.S. stock market may also face the risk of outflows because of its excellent performance in the past year. Traders will choose the riskier stock market. But cryptocurrencies will be one of its destination. If you are not a professional macro analyst, you may hesitate before the rise comes and miss the best trading opportunities. But it doesn’t matter, you can choose our TSB indicator. As mentioned in our report last Friday. The TSB indicator prompted a BUY signal on Friday and has risen by more than 8% without any leverage. Last but not least, we are on the way to a rate cut and the cryptocurrency has pulled back lower due to a series of FUD. Don't miss out any opportunities of open position because of indecision, hurry up and use our indicators. Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated. KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits. 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.
by sypool-AI-TradeGenius
ETH/USDT 1DAY CHART UPDATE !!Ethereum has recovered from the lower boundary of the descending channel and is currently trading above $3,300. The next significant resistance level lies around $3,400. A break above this level could see ETH target the $3,600 mark. Support is strong at $2,950, which aligns with the previous consolidation zone and the lower boundary of the descending channel. A break and close above $3,400 with high volume could target $3,600 and above. Failure to break $3,400 could lead to a retest of the $2,950 support area. Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
Long
by CryptoSanders9563
ETH/USDT Outlook ICT ConceptsEthereum (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. 🔍 Identifying Key Levels The chart highlights several significant levels and zones that influence the current market behavior: • PMH & PML: Previous Month High and Low, serving as significant resistance and support levels. • Weekly High & Low: Weekly highs and lows that act as critical levels of support and resistance. • Monthly FVG: Monthly Fair Value Gap at the bottom, which held the price after sweeping the sell-side liquidity marked out. • Minor BSL & SSL: Minor Buy-side and Sell-side Liquidity, points where traders place their buy and sell orders. • IFVG: Inversion Fair Value Gap, indicating a shift in market sentiment. 📊 Key Considerations • PML and SSL Swept: The price ran through the previous month low and the sell-side liquidity, as anticipated from the previous analysis. • Respecting Monthly FVG: The price respected the monthly Fair Value Gap at the bottom of the chart, indicating strong support. • Creation of IFVG: The creation of the Inversion Fair Value Gap (IFVG) signifies a potential shift in market sentiment. • Sweeping Minor BSL: The price ran above the IFVG and swept a minor buy-side liquidity level. • Consolidation and Liquidity Creation: The current market is consolidating and creating liquidity, setting up potential future moves. 📈 Bullish Scenario Given the recent price action and key considerations, the bullish scenario is favored: • Retracement for SSL: The price is expected to retrace to take out the sell-side liquidity (SSL) before continuing higher. • Continuation Higher: After sweeping the SSL, the price is likely to target higher time frame levels such as PMH or Weekly High. 📉 Bearish Scenario A bearish scenario should also be considered: • Sweeping Minor BSL: The price ran above the IFVG and swept a minor buy-side liquidity level. • Retracement for BSL: The price is expected to take out the buy-side liquidity (BSL) before continuing lower. • Continuation Lower: After sweeping the BSL, the price may revisit lower support levels such as PML or Monthly FVG. 🔄 Lower Time Frame Confirmation For both bullish and bearish scenarios, using lower time frame confirmations can enhance the trade setup: • Creating Low Resistance Liquidity: Look for the creation of low resistance buy-side or sell-side liquidity zones on lower time frames (e.g., 1-hour or 15-minute chart). 📊 Chart Analysis Summary The market respected the monthly Fair Value Gap at the bottom of the chart, creating an Inversion Fair Value Gap (IFVG) and leading to an expansion higher, as anticipated. The price has run above the IFVG and swept a minor buy-side liquidity level. Currently, the expectation is for the price to retrace back to the sell-side liquidity and then continue higher. Key levels and zones identified in the chart will play a crucial role in determining the future price direction. Understanding these key levels and the current market behavior helps in making informed trading decisions. 🙏 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
3
ETh → enter the position there!hello guys... as you see eth made a flag pattern and broke it! after breaking it made a sharp movement and now another pattern under the name head and shoulders! the blue line area seems a potential area to get a long position! target is: $4631! ___________________________ ✓✓✓ 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
15