ETH is out from the Ascending Triangle! Targeting $4400🚀Hello, everybody! Today, I'm going to analyze the ETH/USDT pair on the daily chart!
1) We can clearly see that ETH has formed a successful Ascending Triangle pattern, and the price has broken above the resistance level.
2) The Ascending Triangle has now been established! I would like to see the completion of ABCDE waves before the breakout for added strength, but the price momentum is showing a good upward trend.
3) For approx 1.5 years, the price was stuck in the range of $1000-$2000 per ETH, forming an Ascending Triangle. The price sequence squeezed within this Ascending Triangle, and after 1.5 years, the price broke to the upside! Imagine this as a significant upward accumulation zone we're now breaking out from, signaling a big move ahead. The Ascending Triangle's target is approximately $4400 per ETH.
4) We've also employed the MACD indicator! It appears very bullish right now and seems ready to explode. We have a BullishCross above the Histogram's zero line, which is bringing us more upward momentum.
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ETHUSDT
Cryptolean Ethereum ETH UpdateEthereum was unable to break bullish through a minor daily resistance of $3,531 and the price pushed to the key support at $3,275.
A bearish break-out of $3,275 will push ETH price lower to $2,800.
ETH has to move bullish and break through $3,8 in the daily chart for another bullish extension towards $78,223-$82,353.
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ETHEREUM - Price can make retest of resistance level and fallHi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊
Recently price traded in resistance area, which coincided with $3900 level, but later ETH turned around and started to fall in channel.
In falling channel, price broke $3900 level and declined to $3440 level, after which bounced and tried to rise.
Price failed and in a short time declined to support line of channel, breaking $3440 level, which coincided with support area.
Then ETH turned around, exited from falling channel, and rose to $3440 level and also soon broke it.
But a not long time ago price fell to this level, broke it with support line, and at the moment it trades in support area.
In my mind, Ethereum can make retest of resistance level and then continue to fall to $3120
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Cryptolean Ethereum ETH Update Ethereum is struggling to break bullish through a minor daily resistance of $3,531, which could be interpreted as a sign of weakness.
A bearish rejection of $3,531 will push Ethereum towards $3,275 and, if broken to the downside, lower to $2,800.
ETH has to move bullish and break through $3,8 in the daily chart for another bullish extension towards $78,223-$82,353.
Boost once read!
Thank you.
ETH is bearishConsidering the bearish CH and pullback to the order block, it seems that the price is trying to drop more
The target is the bottom box.
Closing a daily candle above the invalidation level will violate this analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
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Key Support and Resistance to MonitorEthereum is moving in a clear downward direction, within set upper and lower limits that have guided its price lately. The $3500 level is an important one to watch—it’s where Ethereum has struggled to rise above in the past, and it could tell us if the trend is about to change.
The market has found steady ground at a certain support level, which is a price range where Ethereum doesn’t tend to fall below. If Bitcoin’s price starts to fall, Ethereum might follow, because their prices often move together. Keep an eye on the next support level, as it could be where Ethereum’s price steadies if it does drop.
The RSI, which can signal if Ethereum is being bought or sold too much, is showing some positive signs. However, the MACD, another indicator we look at to get a sense of the market’s momentum, suggests that the cautious mood hasn’t lifted yet.
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Upcoming Dencun upgrade is pushing ETH price to 3500Hi everyone,
After recent correction Ethereum price started to rise again and already broke previous yearly high at 2700 and currently is trading above 2900.
The main driving force pushing Ethereum price up is upcoming Dencun upgrade which is planned on March 13.
Let's look at how Ethereum price behaved before previous big upgrades.
Before Merge upgrade Ethereum price reached its peak on 13 August 2021 and upgrade itself happened one month later on 15 September 2021. After that Ethereum price declined on 40% within next couple months.
Next big upgrade Shapella happened on 12 April 2022 and Ethereum price reached its peak after next day on 14 April 2022. After that Ethereum price declined on over 20% within next couple months.
Considering all this I can suggest that we can expect another 2 to 4 weeks of ETH price rise after which correction on 20% - 30%.
If Ethereum price breaks 3000 level then potentially it can rise up to 3500 price level. I'm not sure if it manages to reach exactly 3500 price but it's very possible. As I indicated after Dencun upgrade we can expect price correction at least on 20% roughly to 2600 - 2700 support area.
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Potential continuation of the short on ETHOn ETH, similarly to Bitcoin, a deeper descent is also appropriate, the lower green zone is a potential rebound and the end of the correction. There is also a 30% descent from the local peak.
Currently, ETH has dropped by over 20%. However, the third zone would give a decrease of approximately 40%.
There is still room for another decline on the RSI, while on the STOCH indicator there is a visible upward movement that has encountered resistance lines, which may reverse the movement again.
Leave a comment if you like the analysis, I wish you fruitful shopping ;)
Bearish Short-term but Bullish in Mid-term for investors🔎 Fundamental analysis (📈 Bullish)
The Ethereum team completed the Cancun-Deneb ("Dencun") upgrade after switching to proof-of-stake (PoS) 18 months ago. Shortly, this upgrade changed how data is stored on Ethereum, making it significantly more accessible and also cheaper to record layer 2 transactions.
👨🏻💻 Technical analysis (📈 Bullish)
On a daily timeframe, Ethereum is in an uptrend. There are gaps in the Guppy (GMMA) indicator between short-term EMA’s and long-term ones, with a bounce back on March 5th.
There’s no trend-reversal indicator appeared yet.
Let’s examine the Fib retracement indicator to determine additional purchase levels. During a correction, the 0.236 (3483$) and 0.382 (3111$) levels are two levels to consider. Consider shorting if the price breaks to 0.236 (3483$) with TP above 0.382 (3111$). Then, bouncing back to 0.236 (3483$) is expected with the following breakthrough.
3000$ level is considered a major support level and a psychological level.
💭 Sentiment analysis (📈 Bullish)
At this moment, the Fear and Greed Indicator is equal to 77/100 (Extreme Greed), and the Market Cap of the entire Crypto Market today (18th March) is $2.682 trillion. The Greed/Fear Index has decreased by 4 pips compared with the previous week which means the buyers are still greedy enough to maintain the current uptrend.
👥 Please share your thoughts or criticism about this idea in the comments below. Your opinion matters, and it'll be helpful for the community to understand a broader picture and shape a more objective vision of the asset's price
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Disclaimer:
The information provided is for educational purposes only and should not be considered financial advice. Trading carries risk, and past performance is not indicative of future results. Conduct your research before making any investment decisions
Cryptolean Ethereum ETH Update Ethereum sentiment in the daily chart turned to neutral.
A bullish break-out of $3,275 and a sustained price action above this level will send ETH price towards $3,837-$4,054.
A sustained price action below $3,275 will push Ethereum price towards $2,800.
Intraday Chart
The ETHUSDT 4-Hour chart is strongly bearish and broke down through key intraday support zone of $3,183-$3,297.
A bullish break-out of $3,183-$3,297 will push Ethereum price back to the key resistance at $3,594.
A sustained price action below $3,183-$3,297 will push #ETH price to the key support zone of $2,910-$3,036.
Ethereum can rebound up from support line to resistance lineHello traders, I want share with you my opinion about Ethereum. Looking at the chart, we can see how the price some days ago entered to range, where it first declined to the resistance level, which coincided with the bottom part and resistance area, after which ETH turned around and started to rise. Later, the price rose, after which made correction back to the 3720 level, and at once rebounded up to the top part of the range. After this ETH turned around and started to decline back to the 3720 level, and when it reached this level, the price broke it, thereby exiting from the range and continuing to decline in a downward channel. Some time the price trades near the resistance level, but later it rebounded and little declined, after which the price rose to the resistance line of the channel. Then Ethereum rebounded from this line and in a short time declined to the support line, where at the moment, the price continues to trades near. So, I think that ETH can fall to the support line again and then turn around and start to move up to the resistance line of the downward channel. For this reason, I set my target at the 3480 level, which coincided with the resistance line. Please share this idea with your friends and click Boost 🚀
ETH - MACRO Multi-Month Logarithmic Target📉Hi Traders, Investors and Speculators of Charts📈
I've made a few updates on BTC from a macro perspective, but let's take a look at ETH today. What we specifically want to focus on is potential targets / bounce zones, and we'll use the logarithmic weekly recession t get to these targets.
From using the same timeframe as the previous bull season, and by using the same pivot points, we get a $20K target on ETH - a possibility for later this year:
Shorter and mid-term targets could include:
Here's the update on BTC, incase you missed it:
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BITSTAMP:ETHUSD
ETHUSD
In the 4-hour timeframe, ETHUSD indicates a bearish trend following a breakout below the ascending trendline. This bearish move is further supported by a correction ranging between 50% to 61%, potentially signaling a continuation of the downtrend. Traders could explore short-selling opportunities after confirming the completion of this corrective phase for potential downside potential in Ethereum's price.
HelenP. I Ethereum will rise a little and then fall to $3445Hi folks today I'm prepared for you Ethereum analytics. Some time ago price rebounded from the support level, which coincided with the support zone and started to rise, but after ETH little rose, it turned around and made impulse down lower the 3445 support level and even the support zone. But soon, the price turned around and in a short time rose back and even soon reached the resistance level, which coincided with the resistance zone, after which ETH broke this level and some time traded in this zone. Later price made a correction below the resistance zone to the trend line, after which Ethereum rebounded back and even rose a little higher. Price a little more time traded near the resistance zone and then started to fall in a downward channel, where it broke the 3910 resistance level and fell below. Soon, the price made a retest of the resistance level and continued to fall to the support level, and when it declined to the 3445 level, it at once rebounded and started to grow. Now, I expect that ETH will rise a little more, after which it turn around and continue to decline to the support level. That's why I set my target at the 3445 level. If you like my analytics you may support me with your like/comment ❤️
The key is whether it can rise above 3900.73-4294.78Hello traders!
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(ETHUSDT 12M chart)
The BW indicator is an indicator expressed by combining MACD, StochRSI, CCI, superTrend, and PVT indicators.
By displaying this BW indicator on the price chart, we made it intuitive to understand.
Therefore, points marked with the BW indicator can be used as support and resistance.
The key is whether it can rise above the Fibonacci ratio 1 (5005.30) and renew the new high (ATH).
If the price holds above 5005.30, the next target is expected to be 1.618 (7362.80).
(1M charts)
It has broken through the upper part of the box section of the HA-High indicator and is rising.
Accordingly, if the price stays above 3900.73, it is expected to start rising to renew the new high (ATH).
If not, and it falls, you need to check if it is supported around 3321.30 or 0.618 (3548.07).
(1W chart)
The key is whether it can receive support and rise in the 3962.19-4294.78 range.
If it falls, you should check for support around 3503.68, the bottom point of the box section of the HA-High indicator.
(1D chart)
The next period of volatility will be around March 25th.
However, you need to check which direction you can deviate from the 3503.68-4294.78 range.
If it receives support around 9300.73-3962.19, it is expected to rise above 4294.78.
Therefore, if it falls below 9300.73 and shows resistance, there is a possibility that it will turn into a short-term downtrend.
Have a good time.
thank you
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched.
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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ETHUSD, Bull flag?ETHUSDT / 4H
ETH has been Trading in a bullish trend, the price recently tested a KEY Level which suggests a run higher. I'll wait for confirmation as shown in the chart.
Check out the chart for the swing targets and what kind of confirmation bulls need to see for the next pull-back if it happens.
Trade safely,
Trader Leo
MANTA ENTRY SETUP #DYOR #NFAThe $2.51-$2.65 range is a very good entry area, but this price depends on Bitcoin (BTC). If BTC drops to $59,500-$61,000, there is a possibility that MANTA will reach the $2.51-$2.65 area. However, if BTC does not drop, then the $2.9-$3.1 price is a good entry point.
Here are some factors to consider:
BTC price action: Keep an eye on BTC price action. If BTC starts to drop, then MANTA is likely to follow.
Volume: Look for increased volume on MANTA. This could indicate that buyers are entering the market.
It is important to do your own research before making any trading decisions.