ETH: Channel Down PatternTrade setup : Trends are mixed but price remains above 200-day moving average, which keeps the long-term uptrend intact. It’s now trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Neutral on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $2,960 - $3,040, then $2,700. The nearest Resistance Zone is $3,600, then $4,000 and $4,800.
ETHUSDT
Ethereum price is plunging after the Dencun upgradeHi everyone,
Ethereum price rose above 4000 level prior to the Dencun upgrade and started to fall afterwards. Ethereum price already dropped for almost 25% from the local high and there is possibility that it can go below 3000 level for a short period of time.
There is 3200 - 3000 support area from where price is bouncing back but there is possibilty that price can break that area and plunge below. In this scenario most likely price can touch upper boundary of 2700 - 2600 support area which will be sweet spot to buy Ethereum in long term.
I remind that roughly in two weeks time Bitcoin halving event will happen and historicaly real alt season started afterwards. Even if there will be some deeper correction on Bitcoin after the halving it won't last for a long period of time and even if Ethereum price drops below 2700 support it won't stay there for too long.
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ETHUSDT→ at the bottom!hello guys...
as you can see, this coin is in the bottom line of the broken ascending channel and the descending channel at the same time!
it is a great chance for the price to start another upward movement! but if the orange area is broken up.
so you can put a stop limit order for a long position that if the price engulfs the 3305 area then your long position will be active!
but if the orange area will not break then the price will break down the ascending channel to reach the 2540$ area!
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✓✓✓ always do your research.
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Apr.16-Apr.22(ETH)Weekly market recapUnder the conflict between Israel and Iran, many short-term holders have entered a state of loss, the capital market has released risks. NDX and technology stocks have experienced a week of losses so far. In the crypto market, although many Altcoins have experienced significant callback, BTC has never effectively penetrated 60000. Continued inflows into ETFs and the supply and demand changes brought about by the halving provide bulls.
In the early morning of last Saturday, BTC completed its fourth halving. At the time of halving, BTC did not experience large fluctuations. Although U.S. economic conditions do not support an immediate interest rate cut, we are still moving toward easing. Therefore, we believe that BTC may experience as the previous halvings, and refresh ATH within the one year.
The main DeFi activities in the current market are staking and re-staking. The previous drop punctured the the bubble of circular staking, causing the health of leverage to rise. After the halving, there will be no major events in the crypto, and price fluctuations will return to changes in monetary policy.
ETH’s performance continued to be weak last week. While BTC remains volatile at high levels, ETH rebounds in a downward channel. During the rally, like BTC, the blue columns representing whales turned into a red columns representing sharks. This shows that whale participation gradually decreases as the price rebounds. The ME indicator continues to narrow and is close to switching into a bearish trend.
To sum up, we believe that ETH may rise driven by BTC this week, but there is a high probability that it will perform worse than BTC, and the ETH/BTC rate may fall again. We maintain our original resistance level 2800 and support level 3700.
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.
ETH/USDT 4HInterval ChartHello everyone, let's take a look at the ETH to USDT chart considering the four-hour time frame. As we can see, the earlier entry into a long position resulted in an increase of about 6% at this point, at this point we can see an attempt to break out of the downward trend line, which could result in an upward movement towards the red zone. However, support for the coming days will be the previous resistance level around $3,000.
ETH → Am I only one who see it bearish?hello guys...
as you can see the orange area worked like a resistance area and the price couldn't break it yet!
on the other hand, the internal trendline is so close to the price!
also, you can see the price moving below the descending channel!
all of these are bearish reasons! why is the price compressed here?! due to the bottom line of the ascending channel I suppose!
you can consider it bearish until the price breaks the internal trendline!
___________________________
✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
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Ethereum- Back to 4k, confirmation is needed thoughAfter breaking below the horizontal support level in the 3.2k zone two Saturdays ago, BITSTAMP:ETHUSD remained below this crucial level throughout last week.
However, after initially reversing upon touching 2850, Ethereum tested that level again and reversed once more on Friday, forming a prominent daily Pin Bar on our chart.
As of now, the price has returned to the resistance zone (the former support), and a break back above it would indicate a false breakout and the completion of the correction.
I am bullish on Ethereum and am inclined to buy on dips.
My target is a retest of the 4k mark.
ETH buy setupDue to the slowing of the drop slope, and a bullish CH on the chart and the creation of liquidity pools at the top of the chart, as well as the presence of IFC movements, it is expected that if the green range is maintained, ETH will move towards the targets.
The targets are clear on the chart.
Closing a daily candle above 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
HelenP. I Ethereum will make retest and then continue growHi folks today I'm prepared for you Ethereum analytics. A not long time ago price reached a resistance level, which coincided with the resistance zone, and soon broke it, after which continued to move up. In a short time later, ETH rose to the trend line and then turned around, after which price started to decline near this line. Ethereum soon declined to the 3310 level, and later broke it, after which price in a short time declined to the support zone, which coincided with the support level. Soon, the price rebounded up from this zone, making a fake breakout of the 2930 level, but later it turned around and started to decline. A short time later, ETH fell to the 2930 level again and some time traded near, after which, the price turned around and made impulse up, breaking the trend line, and just now it continues to rise. For my mind, Ethereum will make a retest of the trend line, after breaking and then continue to move up to the 3310 resistance level, which is my target. If you like my analytics you may support me with your like/comment ❤️
ETH/USDT presenting wonderful scenario? What Next👀💎 Paradisers, let’s explore the captivating movement of #ETHUSDT currently, it is raises probability of bullish continuation from the weekly low range at $2860.84. Although the price is trading above this range, this level remains crucial due to the presence of sound liquidity.
💎 Another intriguing scenario to consider is if #ETHEREUM fails to break the weekly low and drops below it. In such a case, our point of interest shifts to the lower bullish order block (OB) at $2606. There exists a high probability that the price will sustain momentum at this level and embark on a bullish move, potentially mitigating the impact of the bearish order block.
💎 Caution is advised, as CRYPTOCAP:ETH falling below this OB level could signal a shift toward a bearish trajectory. Stay vigilant and adapt to market movements! As always, remember to employ prudent trading strategies and implement proper stop-loss measures! Stay alert, monitor market movements, and eagerly anticipate further insights
MyCryptoParadise
iFeel the success🌴
ETHEREUM - Price can break resistance line and continue to growHi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊
Recently price started to trades in flat, where it in a short time rose to resistance level, which coincided with resistance area.
Then price made little correction and soon backed up to resistance area, but later declined to bottom part of flat.
ETH made an upward impulse to resistance line, and soon turned around, after which made fake breakout of $3590 level.
After this, price in a short time declined to $2950 support level, which coincided with support area and started to trades near.
But recently ETH bounced up to resistance line and now I think price can little fall and then rise to $3300, breaking resistance line.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
#ETH is holding the price above this 183 days long support!#ETH is currently staying above a support level that has held for 183 days, and the 100-day Simple Moving Average (SMA) is also acting as support.
As long as we remain above this support, things look positive for a potential bounce back up in price.
However, if the price falls below this level, we may see some corrections.
Keep an eye out for further updates.
DYOR, NFA
#Crypto CRYPTOCAP:ETH BINANCE:ETHUSDT BITSTAMP:ETHUSD
ETH : Following BTC, Elliot Correction Wave $2700📉Hi Traders, Investors and Speculators of Charts📈
ETH is currently following BTC along with the rest of the crypto market into a correction wave. By following Elliot Wave Theory, we can find a target for a potential bounce zone for the current corrective pattern.
Ideally, we'd want to see a successful bounce from the 50d moving averages here (green), but a wick towards the 100d (turquoise) will not be unusual:
Here are my thoughts on Ethereum from a MACRO outlook, for future potential targets:
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CryptoCheck
BINANCE:ETHUSDT
📈🔥 ETH Trade Opportunity! 🔥📈📊 Analysis:
Daily Chart Support: Ethereum (ETH) is currently trading at a support level on the daily chart.
Entry Range: Consider entering the trade between $2,850 and $3,050.
Profit Targets: Aim for profits at $3,400 - $3,700 or $4,100 - $4,300 resistance levels.
Risk Management: Set a stop-loss just below $2,780 to manage potential losses.
📈 Trading Strategy:
Entry: Initiate a long position within the specified range of $2,850 - $3,050.
Targets: Take profits at identified resistance levels.
Risk Control: Implement the specified stop-loss to control downside risk.
🚨 Note: Keep a close eye on market conditions and adjust the strategy accordingly as the trade progresses! 📊🔍 #ETH #TradingOpportunity #CryptoAnalysis 🌟📈
ETHUSDTETHUSDT is in strong bearish trend.
As the market is consistently printing new LLs and LHs.
currently the market is retracing a bit after last LL, which is 50% Fib retracement level and local support as well. if the market successfully sustain this selling confluence the next leg lower could go for new LL.
What you guys think of this idea?
ETH 1D LONGI invite you to review ETH on a one-day interval. Let's start with the current rebound, as you can see the price has dropped to the first buying zone, and when BTC stays above the $60,000 level, we may see prices rebound in the coming weeks. Next, we have a defined purchasing level 2, and then another very strong zone for price fairization, but I do not expect such large drops.
The green color shows the ranges of levels that I expect in the next months of the bull market.
HelenP. I Ethereum can break trend line and continue to fallHi folks today I'm prepared for you Ethereum analytics. If we look at the chart, we can see how the price some time ago started to trades in consolidation, where the price in a short time declined to the resistance level, which coincided with the bottom part of the range with the resistance zone. After this movement, ETH some time traded near this level and then started to grow to the top part of the consolidation, and when the price reached it, Ethereum turned around and started to decline. In a short time, the price fell to the 3245 resistance level and soon broke it, thereby exiting from consolidation, but later price tried to rise higher and soon failed. Then ETH declined to the trend line, after which it started to move up and in a short time it rose to the resistance level again, but recently the price turned around and declined back. Just now, ETH continues to trades very close to the trend line and I expect that Ethereum will rebound from the trend line and then start to decline even lower this line, breaking it. That's why I set my target at the 2865 points. If you like my analytics you may support me with your like/comment ❤️
📈Ethereum Analysis: War Tensions and Technical Outlook⚠️🔍Today, we turn our attention to Ethereum (ETH), which has experienced a sharp decline following previous analysis due to escalating tensions between Israel and Iran. Short-term impacts of this potential conflict could lead to market downturns, necessitating a higher timeframe analysis for optimal long positions. However, historically, wars tend to drive up prices of valuable commodities like Bitcoin, gold, and silver.
⚡️Technically, Ethereum has reached a critical support zone between $2899 and $3004. Currently reacting to $3004, its response to a breakdown towards $2899 will be crucial. Hence, I've marked the range between $2899 and $3004 to highlight significant buy orders within this range.
✅In case of a breakdown, a target of $2600 becomes plausible for Ethereum. If short positions are opened on this breakdown and $2600 is reached, profit-taking could be considered.
📊Candle volume currently favors sellers, with red candles showing significant volume compared to green ones. Additionally, observing the RSI reveals a positive divergence activated after breaking the trigger at 49.66, suggesting potential upward movement. Conversely, for short trigger confirmation, a break below 34.26 in RSI could be significant.
📈Remember, in technical analysis, indicators should only serve as confirmation tools, with price action as the primary validation. For long positions, a break above $3244 serves as a good trigger, while for shorts, $3004 might provide an ideal entry point.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
Apr.9-Apr.15(ETH)Weekly market recapLet’s first have a look on the current U.S. macroeconomy. Last Wednesday, the U.S. Department of Labor released CPI data for March. While the predicted value was higher than the previous value, the actual value was higher than the predicted value. This also means that the CPI will be worse than expected in the first four months of 2024. BTC and US stocks fell. With Federal Reserve officials and Biden promising to cut interest rates in 2024, market sentiment calmed down and BTC turned higher. However, the interest rate cut promised by officials was quite different from the June rate cut expected by the market at the time, and there would still be adjustments in the future.
As we mentioned in the previous recap, BTC remains fluctuating at a high level and other tokens are gradually weakening. If BTC cannot refresh ATH, the market may face a significant correction. Over the weekend, Iran's raid on Israel became the trigger for bulls to collapse.
We believe that BTC has safe-haven characteristics, but when too many chips are piled up at a high level, the safe-haven properties will be diluted. Risks begin to be released.
And that might not be a bad thing. BTC is about to undergo its fourth halving this week, and from a long-term monetary policy perspective, the bullish trend has not been ruined. Yesterday many Hong Kong asset management companies received approval to issue BTC spot ETFs, which will once again consolidate liquidity.
ETH broke below the given resistance level last week and then rebounded to near the support level. Unlike BTC, ETH is more vulnerable without the liquidity support of spot ETFs. After the Dencun upgrade, ETH has almost no special benefits. A large amount of locked and staked ETH will increase volatility.
During the weekend's decline, ETH's trading volume increased significantly, and you can clearly see that it is above historical averages. Although on the WTA indicator, the blue columns representing whales has also appeared, the bears have been confirmed over the weekend. The ME indicator maintains a bullish trend but is narrowing significantly.
In summary, we believe that ETH may maintain its decline this week. We lower resistance to 3700 and support 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.