Cryptolean Ethereum ETH UpdateEthereum is testing the top of the key resistance zone of $3,837-$4,054.
A bullish break-out of $4,054 will send ETH price towards $4,569.
An inability to maintain price above $3,837 will push Ethereum price towards $3,531 and the key daily support at $3,275.
Intraday Chart
The ETHUSD intraday (4-Hour) chart is trading in the bullish territory above $3,844.
A bullish move (after a closure of 4-Hour candle above $4,001) towards the key resistance zone of $4,190-$4,324 is very likely.
A strong bullish break-out and a sustained price action above $4,190-$4,324 will allow bulls to take a control of the intraday chart and push #ETH price towards $4,682.
A bearish rejection of $4,190-$4,324 will send Ethereum price to re-test a minor support at $4,001, and, possobly, lower to the key intraday support at $3,844.
Ethereum is following BTC. A price action with the key daily resistance of $69,654-$73,422 in the BTCUSD daily chart is still important to watch.
ETHUSDT
💎 ETH/USDT - Will it reach to $8.5K ? (READ THE CAPTION)By checking the ethereum chart in the weekly time frame (logarithmic), we can see that the price has grown by 160% since October 20, 2023, and in the past days it was able to grow even up to $4100! After a minor correction, we will see Ethereum grow up to its previous ATH on $4850! Its next targets will be $5000, $5500, $6600 and $8500 respectively!
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ETHUSD channel up support broken?ETH perform channel up and try to break channel up support right now.
We have buy zone around 3758 to 3891 to follow bullish movement,
and if this support broken, we still have fibonacci support at 3402
Bullish from this point at 4083 resistance, with maximum target at channel up resistance, around 4360
I will update this analysis if I found a new key level.
ETHEREUM - Price can bounce up from support level to $4170Hi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊
Some time ago price moving up in rising channel, where it bounced up from $3380 level, which coincided with support area.
After this, ETH rose to resistance line of channel and then made downward impulse lower $3380 level, breaking it and exiting of channel.
Price entered to wedge, where ETH made upward impulse to $3900 level, which coincided with resistance line of wedge.
Also later, ETH rose to resistance line, breaking $3900 level, but at once declined and some time traded near.
Soon, price broke this level again and then rose to resistance line, after which ETH fell to $3900 level.
Now, I think Ethereum can fall to support level and then bounce up to $4170
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ETH ANALYSIS (1H)Ethereum has a bullish structure. There is a good demand range for Ethereum that I have highlighted in green.
In this area, you can look for buy/long positions.
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Ascending TrendlineOn the 4-hour timeframe, it is observed that the overall price trend is bullish, confirmed by drawing an ascending trend line. Upon a closer examination of the chart, a triangular pattern formation is noticed, indicating a continuation of the bullish trend after the upper side of the pattern breaks upwards. This breakout represents a key point in technical analysis, and subsequent price targets based on this movement are marked on the chart with orange resistance area. Reaching the third price target indicates a high potential for continued upward movement, and if the price can surpass this area, further price targets become visible on the horizon. Maintaining the ascending trend line is considered crucial for the continuation of the bullish trend, hence as long as this trend line is preserved, the price of Ethereum is expected to reach higher levels.
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ETHUSD - Cup and Handle and TargetSuggesting using a cup and handle structure with the current move being in the handle phase of this structure.
Price stays between the two white indicators which are potential lows and potential highs.
I am bullish.
The dotted lines are a channel that I think may still be relevant for this progression.
Ethereum ETF Potential: Exploring Opportunities $4000 Target ?Anticipation is mounting within the cryptocurrency industry as the possibility of a spot exchange-traded fund (ETF) for Ethereum looms on the horizon, mirroring Bitcoin's trajectory. With several Wall Street investment firms vying for approval from the Securities and Exchange Commission (SEC), the potential decision, expected by May 23, has stirred optimism among market participants.
Forecasts from entities like Standard Chartered Bank, projecting a substantial 70% surge in Ethereum's price, fuel the excitement, with predictions suggesting a potential ascent to $4,000 by summer's onset. However, a closer examination reveals nuanced considerations amidst this fervor, drawing parallels to Bitcoin's journey post-ETF approval.
While the approval of a spot Bitcoin ETF in January elicited optimism, subsequent market performance showcased a classic "buy the rumor, sell the news" scenario. Bitcoin's price, following ETFs' introduction, has witnessed a decline of approximately 8%, underscoring skepticism and disappointment. Ethereum, likewise, experienced a surge to $2,500 in anticipation of ETF approval, only to retreat to around $2,300 subsequently, hinting at fleeting impacts from such developments.
Crucially, Ethereum's narrative differs from Bitcoin's, with the former lacking the status of "digital gold" and serving different investment purposes. While Bitcoin is viewed as a store of value and an inflation hedge, Ethereum's appeal is nuanced, contributing to varying investor sentiments and demands. Additionally, previous attempts to introduce Ethereum ETFs encountered limited traction, indicating prevailing preferences for Bitcoin.
Moreover, Ethereum's potential price target of $4,000 is viewed skeptically, given historical precedents and market dynamics. The article emphasizes the importance of realistic expectations, cautioning against overreliance on forecasts and advocating for investment decisions grounded in Ethereum's current valuation rather than speculative projections.
In conclusion, while the prospect of an Ethereum ETF signals significant developments for the cryptocurrency market, maintaining a balanced perspective is paramount. Realistic assessments, considering Ethereum's unique positioning and historical trends, are crucial amidst market enthusiasm, ensuring informed investment decisions in an evolving landscape.
Our preference
Long positions Above 1600 with targets at 3000 and 4000.
ETH — ROAD TO 1000$After analyzing the bitcoin situation, I would like to note the situation with ETH. This asset has not been pummeled by big players, so it has not yet managed to reach its ATH. I believe that in the near future it will not be able to do so either.
A large number of long positions will also prevent us from going higher, but in the case of ETH the situation is much better. At the bottom there is only one significant liquidity cluster in the range of 1500-2000. Further everything is very well traded up to the level of 1000, so even if bitcoin suddenly goes below 15000 ETH is obliged to stay above its previous global break around the level of 1200-1300.
A squeeze up is possible if bitcoin makes a final push upwards and as a consequence the last remaining liquidity will be collected up to the level of 4250 at the most for ETH.
I expect a reversal of the asset and correction to 1200-1300.
ETHUSDT - Up onlyThe current situation suggests a potential bullish trend for ETH/USDT. The fact that the MFI (Money Flow Index) on the weekly chart is at 82 indicates strong buying interest in the market. A high MFI value suggests that money is flowing into the asset, which could be indicative of a potential upward movement in price.
Additionally, the RSI (Relative Strength Index) at 68 on the weekly chart is moderately bullish. While not in overbought territory (usually considered above 70), an RSI of 68 suggests that there is room for the price to continue its upward momentum.
The RSI with a 58-period moving average (RSIMA58) may also be signaling a positive trend. If the RSI is above the 58-period moving average, it could imply that the recent price gains have been stronger than the losses.
Taking these indicators into consideration, it's plausible to suggest that ETH/USDT may experience an upward movement from its current value of 2400 to a range of 3400 to 4600. However, it's crucial to approach such predictions with caution, as market conditions can change rapidly, and unforeseen events can impact price movements. It's recommended to conduct thorough research and consider multiple factors before making any financial decisions.
Ethereum can make correction and then continue rise in wedgeHello traders, I want share with you my opinion about Ethereum.Observing the chart, we can see that the price some time ago started to rise in an upward channel, where it soon reached the 2900 support level, which coincided with the support area and broke this level. After this, ETH some time traded near this level and then rebounded up to the resistance line from the support line of the channel, but later price at once rebounded from the resistance line and little declined below. Then ETH continued to move up in an upward channel to the next level, which coincided with one more support area. But when the price reached this level, it at once rebounded and declined to 3200 points, thereby exiting from the upward channel, and entering to upward wedge. Then price at once bounced from the support line and made impulse up to the support area, breaking the 3790 level. After this, ETH some time traded in this area and later rebounded up, but soon price made a correction to support line of wedge. A not long time ago price rebounded from this line and now ETH continued to rise inside the wedge. So, in my opinion, Ethereum can make corrections to the support area and then the price continues to move up, and even can exit from the wedge. For this case, I set my target at the 4280 level. Please share this idea with your friends and click Boost 🚀
ETH/USDT - Ethereum: BBand Breakout Super-Trend◳◱ On the $ETH/ CRYPTOCAP:USDT chart, the Bband Breakout Super-Trend pattern suggests an upcoming trend shift. Traders might observe resistance around 4181.48 | 4484.49 | 5278.24 and support near 3387.73 | 2896.99 | 2103.24. Entering trades at 4029.26 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Ethereum
▣ Rank: 3
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Ethereum is a distributed blockchain computing platform for smart contracts and decentralized applications. Its native token is ether (ETH), which primarily serves as a means of payment for transaction fees and as collateral for borrowing specific ERC-20 tokens within the decentralized finance (DeFi) sector.
◰◲ Technical Metrics :
▣ Mrkt Price: 4029.26 ₮
▣ 24HVol: 2,289,413,601.168 ₮
▣ 24H Chng: 2.079%
▣ 7-Days Chng: 11.03%
▣ 1-Month Chng: 61.23%
▣ 3-Months Chng: 83.11%
◲◰ Pivot Points - Levels :
◥ Resistance: 4181.48 | 4484.49 | 5278.24
◢ Support: 3387.73 | 2896.99 | 2103.24
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 13.20
▣ Last 90D: 4.10
▣ Last 1-Y: 2.28
▣ Last 3-Y: 0.71
◲◰ Volatility :
▣ Last 30D: 0.44
▣ Last 90D: 0.52
▣ Last 1-Y: 0.47
▣ Last 3-Y: 0.79
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.53 - Bullish
▣ Reddit sentiment score is 0.52 - Bullish
▣ In-depth ETHUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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Here I go long on Ethereum at $4,000Here I go long on Ethereum at $4,000 with 5x leverage.
Now watch in slow motion the road to 5 figures being built from now on.
I wanna see how your TA will work out and if you are skilled enough to track what I'm doing at this level
For you it's the end. For me it's just getting started. For you it's too late. For it's the beginning
FILECOIN AT $11 And ETHEREUM at $4,000
See you at 5 figures
ETH → What to expect?In Ethereum (ETH) trading, we have reached the global "OB" point on the monthly timeframe, marking it as our primary area of interest (POI) to begin analysis and strategy formation.
In addition, there has been a noticeable accumulation of liquidity from lower levels, indicating a potential decline to the 1-hour FVG (fair value gap) followed by directional development.
In such scenarios, it is extremely important to seek confirmation before making trading decisions.
Bitcoin's current ATH (all-time high) could lead to a period of consolidation, possibly followed by a rally in altcoins.
We continue to closely monitor the market, anticipating potential declines and aiming to achieve our initial targets.
ETHUSDT.1DBased on the given market data for ETH (Ethereum), the current price is at $3909.0 which is slightly below the 4-hour Bollinger Band (Bb4h) of $3997.0 and the 7-day Bollinger Band (Bb7d) of $3910.0. This suggests that the price is not overextended and there could be potential for upward movement.
The Relative Strength Index (RSI) values indicate that ETH is in neither overbought nor oversold territory. The 4-hour RSI is at 56.73, the daily RSI at 85.51, and the 7-day RSI at 83.92. Generally, a RSI above 70 is considered overbought, while a RSI below 30 is considered oversold. The daily and 7-day RSIs are quite high, suggesting bullish momentum, but also nearing overbought territory which could potentially lead to a pullback.
The Moving Average Convergence Divergence (MACD) on the 4-hour, 1-day, and 7-day charts are all positive, indicating a bullish trend. However, the high values, especially on the 1-day and 7-day charts, might suggest that the market is over-extended and could see a correction.
Looking at the support and resistance levels, the closest support level on the 4-hour chart is at $3737.0 and the nearest resistance is at $4029.0. If the price breaks above this resistance, the next targets would be $4150.0 and $4448.0. If it falls, it could find support at $3737.0, $3381.0, or $3120.0.
On the daily chart, the closest support is at $3404.0 and resistance is at $4317.0. On the 7-day chart, the closest support is at $2482.0 and resistance is at $4040.0. These levels can be used to set stop-loss and take-profit points.
In conclusion, the technical analysis suggests that ETH is currently in a bullish trend, but nearing overbought conditions. This could mean potential for more upward movement, but also risk of a pullback. As always, it's important to consider other factors and use risk management strategies when trading.
ETH LOCAL CORRECTIONThe price came to the zone of weekly OB. A huge number of unliquidated long positions at the bottom will not allow the asset to grow further, so we are unlikely to see growth in the near future. I expect a partial distribution of the asset and further decline to 3300 in the next few weeks.
HelenP. I Ethereum can reach $4000 points, and then start fallHi folks today I'm prepared for you Ethereum analytics. A not long time ago price rebounded from the trend line and in a short time rose to the support zone, but at once rebounded and declined below the trend line. But soon, the price backed up to the support zone, breaking the trend line again and later breaking support 2 too. After this movement, ETH a little rise, after which it made a correction movement ot support 2, which moment coincided with the trend line. After this movement, Ethereum rebounded from the trend line and tried to rise more, but failed and declined to the trend line. Then ETH bounced from this line again and in a short time it rose to one more support zone, which coincided with support 1, but at once made a strong impulse down almost to support 2, thereby making a fake breakout of support 1 and breaking the trend line again. But soon, ETH turned around and made an impulse up back to the support zone, breaking the trend line and support 1 one more time. After this, the price made a retest and then continued to move up. For this moment, I expect that Ethereum will rise to 4000 points, after which the price can turn around and start to decline to the support level. Therefore I set my goal at this level - 3745. If you like my analytics you may support me with your like/comment ❤️
Cryptolean Ethereum ETH UpdateEthereum is moving bullish, but slow within the key resistance zone of $3,837-$4,054.
A bullish break-out of $4,054 will send ETH price towards $4,569.
An inability to maintain price above $3,837 will push Ethereum price towards $3,531 and the key daily support at $3,275.
Intraday Chart
The ETHUSD intraday (4-Hour) chart broke through $3,938 and now is re-testing it as a support.
A bullish rejection of $3,938 will push ETH price towards $4,152 and higher.
A bearish dip to below $3,938 will slow down the price and will result in choppy price action.
Ethereum will follow BTC. A strong bearish rejection of $69,654-$73,422 in the BTCUSD daily chart will lead to the weakness of the whole #crypto market.
Like once read.
Thank you!
Do you believe that Ethereum - 1 ETH can cost $28k ?Here is our global vision of possible the Ethereum price movement in the coming years.
On the chart, assumptions according to the Elliot wave analysis
The current wave of growth is probably not over yet. But whether it will reach $3000 or $4800, we will be able to adjust it based on the move dynamics of the ETH price in the future.
Then will be the correction, which will need to be calculated more accurately based on the maximum of the current growth wave, will be made. But roughly speaking, in 2024, the ETHUSD price should no longer fall below $2000-2500.
Years have passed, and now we can say with certainty that Ethereum has the status of a stable "silver" in the crypto market. (all direct competitors from 2015-2017, such as LTC, DASH, BCH, etc. who were predicted to have this status in certain periods, have clearly deflated and failed to meet the expectations of crypto users)
Therefore, it is no longer correct to dream of super growth for the price of ETHUSDT, but modest x10-x15 for a possible future 2-year growth cycle, why not?)
What do you think about this wave analysis and are you ready to hold and sell your ETH in the range of $27000-28000 ?) Write in the comments
_____________________
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🚧Ethereum is Bullish now🚧 & many Traders don't see it 👀!!!Hi-
COINEX:ETHUSDT
Ethereum is consolidating above the broken upper border of the rising wedge🧐
Wait for the price to trade at least above $2,500 to confirm the continuation of the uptrend with a possible target around $3,500🎯
✅ Due to the ascending structure of the chart...
- High potential areas are clear in the chart
-AB=CD
-Ascending Triangle
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅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 t!!
ETHUSDT: Next Big Swing Buying Opportunity! Price has been extreme bullish since last month, suggesting price to keep strong bullish momentum in upcoming days and month. March is known to be bullish month where many speculated ETH going to hit $5000 mark by end of the march. We think price will do minor correction towards $3100 to $2800 marked area region where price can bounce sharply towards $5000 target area.
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