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ETHUSDT

#ETH: eyeing a potential breakout on the 4-hour timeframe!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! ETH is currently trading within a falling wedge pattern, which can be a bullish reversal signal. There's support around $3420-$3480, which could act as a springboard for a price increase. Here's what we're watching: Breakout confirmation: A clean break and close above the upper trendline of the wedge is crucial for a potential trend reversal. Upside potential: If the breakout is confirmed, we could see a significant price increase. Invalidation:- 4hr candle close below $3400 level. Let me know your thoughts in the comments below!
Long
by CoreCrypto1
ETHUSDT.1DIn this technical analysis of the Ethereum (ETH)/USDT daily chart on Binance, we are reviewing the primary technical indicators and price structures that might influence Ethereum's price movements in the near future. Price Action and Support/Resistance Levels The current price of ETH is approximately $3,042.48, showing a recent decline of about 1.93%. The chart identifies critical resistance (R1, R2, R3) and support levels (S1, S2, S3). The highest recent resistance is at $4,371.66, and support levels are situated at $3,293.19, $2,874.64, and $2,112.62. These levels are instrumental in determining potential turning points or consolidation zones in the market. Technical Indicators MACD (Moving Average Convergence Divergence): The MACD line below the signal line and a negative histogram suggest a bearish momentum is currently prevailing. The decreasing histogram height also indicates that the bearish momentum may be losing strength, which could mean a potential stabilization or reversal of the price movement soon. RSI (Relative Strength Index): The RSI stands at approximately 55, indicating a neutral market condition. This level suggests that while the market is not in overbought or oversold territory, there is still room for either bullish or bearish developments depending on broader market cues. Chart Patterns The chart shows Ethereum in a descending channel pattern, indicating a potential continuation of the bearish trend if the upper boundary of the channel holds as resistance. The next key observation will be whether the price tests and respects the S1 support level, which could lead to a rebound towards R1. Conclusion Considering the present indicators and the price behavior within the descending channel, Ethereum appears to be navigating a bearish phase with the potential for testing further support levels, particularly if the current support at S1 fails to hold. The bearish MACD suggests caution, but the neutral RSI provides a slight buffer, indicating that not all bullish momentum is lost. Traders should watch for potential rebounds at major support levels or a break above the channel as signals for a trend reversal. As with any trading strategy in such volatile markets, setting stop losses and monitoring key resistance and support flips are advisable to manage risks effectively.
Short
by MarsSignals
How to Get into an Entry after the setup is passedIn the world of investing, it is not uncommon to come across a missed trade setup that tempts investors to make impulsive decisions. However, it is important to remain disciplined and avoid falling into the trap of #FOMO (Fear Of Missing Out). For instance, if an investor misses a trade setup on Ethereum ( CRYPTOCAP:ETH ), instead of rushing in with a full position, a more prudent approach would be to enter with half the intended position. This allows the investor to participate in the trade while minimizing the risk of committing too much capital at once. Once the initial entry is made, it is crucial to implement a strategy known as Dollar Cost Averaging (#DCA). This involves gradually increasing the position size by buying more ETH over time. By using DCA, investors can mitigate the impact of short-term market volatility and avoid making rash decisions based solely on emotions. To effectively implement DCA, it is important to maintain the original stop loss level. This means that even if the price of ETH decreases after the initial entry, the stop loss order should remain at the predetermined level. By sticking to this plan, investors can ensure that their risk management strategy remains intact and that they do not expose themselves to unnecessary losses. In summary, when faced with a missed trade setup on ETH, it is crucial to resist the urge to FOMO in with a full position. Instead, entering with half the intended position and utilizing Dollar Cost Averaging can provide a more measured and disciplined approach. By maintaining the original stop loss level throughout the process, investors can enhance their risk management and increase their chances of success in the long run.
Education
by XTradeSetup
Ethereum at the edge of dump Year VWAP VAH was at 3645 (same as March close) - ETH dipped below it and yesterday went up for bearish re-test, where it got rejected. That hugely increase chances for further retracement towards breakout level around 3260-3340 at least. Year VWAP is around 3123 and act as high timeframe magnet for the price. By the time ETH gets to it, most probably it will rise higher and meet the zone I've mentioned above. ETH ETF will be approved by the end of this summer, so long term I stay bullish. The only question, is where to buy. Zone of interest for me starts under 3400 and I will monitor price action there to catch that bottom (after lower timeframe confirmation of course).
Short
by WiseAnalyze
ETH - 4H more correctionIn the 4-hour timeframe, Ethereum's recent upward movement was a classic pullback after failing to hold its previous support level. This pullback reached the resistance zone around $3,600, which acted as a significant barrier. Now, ETH is showing signs of weakening and is likely to continue its downward trajectory. Expect Ethereum to target the next support levels around $3,310 and possibly $3,110, as indicated in the chart. These zones are crucial as they represent potential areas where buyers might step in.
Short
by Sober_Trading
2
Opened ETH UP position at 3735 price with 10x leverageHi everyone, Ethereum price decreased on 7% after almost reached 4000 level. ETH dropped to 3700 support area and started to recover following Bitcoin rise and now there is a good spot to enter a long position as Ethereum remain to be bullish on ETF news. I opened ETH UP position at 3735 price with 10x leverage on Fybit trading platform. Target for this trade remained the same at 4100, Stop loss at 3500 Please, do not forget to boost this idea & share it with your friends; thanks.
Long
by Real_CryptoRoy
23
Jun.4-Jun.10(ETH)Weekly market recapEmployment data was released last Friday. Although the unemployment rate rose to 4%, the number of NFP exceeded expectations, reaching 272,000. The data performed average, but due to market expectations were too high, there was a correction after the data was released. Not only in crypto, gold has also seen a obvious correction. The market currently predicts that the number of interest rate cuts in 2024 will be reduced to two times, in September and December. The CPI and FOMC for May will be announced on Wednesday and Thursday this week. We believe this will determine the medium-term trend. Regardless, we are heading towards a rate cut. ETH has underperformed BTC over the last week, falling below 3600. The resistance level 4000 is too powerful. Judging from the WTA indicator, there is no blue column representing whales, and the trading volume has further decreased. However, judging from the ME indicator, the wavy area has not narrowed, which shows that the correction did not destroy the bull trend. To sum up, we believe that ETH is likely to fluctuate 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
Ethereum & Bitcoin - NFP Market Thought With the NFP data coming in hot for the USD, which is unfavorable for all assets trading against it, we are closely monitoring both Bitcoin and Ethereum. We anticipate a sweep of the lows to clear out some liquidity before the uptrend continues. For Bitcoin, we believe the current weekly VWAP or the current weekly VAL, supported by the pwVAH, should hold BTC. There might be a liquidation around 70k after a drop followed by a V-shaped recovery. Regarding Ethereum, we've been ranging since the start of June between the March VAH and the pmVAH. Given the sharp rise in the last week, it seems likely we'll retest the March VWAP or even the cluster around 3.4k, which we consider the "worst-case" scenario in the near term. To turn bullish, we need to reclaim the March VAH and hold it as support. If this happens, ETH and altcoins should have the momentum to surge, pushing ETH to 4k relatively quickly.
COINBASE:ETHUSD
by stromm_by_wmc
1
ETHUSD bullish movement is about to happen!!!Hi. BINANCE:ETHUSDT Ethereum finally managed to break the megaphone, which means we should expect more price increases from Ethereum. 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:ETHUSDLong
by CobraVanguard
3
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.
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