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ETHUSDT

ETHUSDT.1DIn my analysis of the ETH/USDT daily chart, I've identified several critical elements that define the current state and possible future direction of Ethereum’s price action. Technical Analysis Observations: Chart Patterns and Key Levels: Triangle Pattern: The price has been consolidating within a symmetrical triangle pattern, which generally indicates a period of indecision among traders. The apex of this pattern is approaching, suggesting that a breakout is imminent. Support (S1 and S2): S1 at $2,112.62: This level is crucial as it represents the lower boundary of the triangle. A break below could signal a significant bearish movement. S2 at $2,500.00: This round number has psychological importance and may act as a minor psychological support if S1 breaks. Resistance (R1 and R2): R1 at $2,837.73: This is the upper boundary of the triangle. A breakout above could indicate bullish momentum. R2 at $4,134.34: This represents a historical high and a long-term target in a bullish breakout scenario. Indicators: RSI (Relative Strength Index): Currently at 25.93, the RSI is deep in the oversold territory, suggesting that the market could be underpricing ETH, which may lead to a potential rebound or at least a stabilization of prices. MACD (Moving Average Convergence Divergence): The MACD is below the signal line and the histogram indicates increasing bearish momentum. This could signify that despite the oversold condition, the market might still see further declines. Conclusion: The ETH/USDT pair is at a critical juncture with its price consolidating within a triangle pattern. The proximity of the RSI to oversold levels hints at a possible upward correction, especially if it coincides with a breakout above the triangle's upper trend line (R1). However, the bearish bias indicated by the MACD suggests that any bullish moves could be short-lived unless there is a significant shift in market sentiment or external market drivers. Given the current setup, my approach would be to watch for a clear breakout of the triangle pattern, accompanied by an increase in volume, which would provide a more reliable signal for either a long or short position. A break above R1 could target R2, while a breakdown below S1 might test the $2,500 psychological level before moving to deeper supports. As always, setting appropriate stop losses and taking profit levels is crucial to manage risk in such volatile conditions.
by MarsSignals
1
ETH Buyback ZonePurpose: 1. To aid you in determining a TP target for short positions. 2. Avoid loss by entering a long position prematurely. 3. To point out a possible buyback Zone Description: Ethereum formed an M pattern. This pattern satisfies the initial requirements of a Bullish Bat Formation, which are as follows: 1. Mandatory 50% B-point retracement of the XA leg. 2. The C-point should be in the 50 – 61.8% range. Target: 1. The minimum target of a bat formation is the 1.272 extension of the BC leg. The 1.272 extension is at 2,276 USDT. The Price Reversal Zone is typically between the 1.618 extension of the BC leg and the 0.887 retracement of the XA leg. This range of 1786-1825 gives us a tight PRZ, which provides us with clear invalidation and a low-risk entry. God willing, I will update this idea as the PA unfolds in the coming days and weeks. Best Wishes
by NewThoughtCrypto
2
BTC Futures. Bulls fade. Robust gain de-established.BTC has reached the top around US$ 73700 on March 14, 2024 as it was clearly explained in previous publication. Since that it's gone around 1 month till now, and no one new high was printed in BTC. Bulls fade. Robust gain de-established. Upside bubble-alike trend transformed into detrend structure with flat top near US$ 73000 per BTC. RSI (14) is sluggish also. This idea is for b-adj CME’s Bitcoin futures contracts, ticker symbol BTC, which are a USD cash-settled contracts based on the CME CF Bitcoin Reference Rate (BRR), which serves as a once-a-day reference rate of the U.S. dollar price of bitcoin. The BRR aggregates the trade flow of major bitcoin spot exchanges during a one-hour calculation window into the U.S. dollar price of one bitcoin as of 4 p.m. London Time. The Bitcoin futures contract trades Sunday through Friday, from 5 p.m. to 4 p.m. Central Time (CT). A single BTC contract has a value of five times the value of the BRR Index and is quoted in U.S. dollars per one bitcoin. The tick increments are quoted in multiples of $5 per bitcoin, meaning a one-tick move of the BTC future is equal to $25. BTC futures expire the last Friday of the month, and are listed on the nearest six consecutive monthly contracts, inclusive of the nearest two December contracts. Technical graph indicates on a detrend structure, where near 73K per BTC is the Top, and near 55K is the target. Technically, BTC can retrace to mentioned above level as it still below reasonable resistance.
CME:BTC1!
by FinWealth
#ETH/USDT in Trouble! $3089 SHOULD HOLD, Else...ETH is currently trading at the liquidity level I mentioned in my updates a few weeks ago. The price has hit the yellow box and is supported by the lower trendline, which has been acting as support since October 2023. This is a crucial level to hold. The lower support of $3,089 is marked by the 200 SMA. Oscillators are excellent tools for indicating changes in momentum and market psychology. If the price breaks and closes below the $3,089 level, it could plummet to the $2,600 area. Conversely, a bounce could send ETH back to the $3,500 area, leading to a relief rally for other altcoins as well. Although less likely, this scenario is still possible. All the 30+ altcoin charts that I've posted in the last 2 weeks are slowly moving to the accumulation area. Will be posting more daily so follow me if you haven't yet! What do you think? Let me know in the comments section, and don't forget to hit the like button. Thank you, #PEACE
by Cryptorphic
Example of how to effectively use auxiliary indicatorsHello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- The StochRSI < 80, StochRSI > 20, OBV, -100, +100, RSI < 70, RSI > 30 indicators included in the HA-MS indicator are indicators that express the formulas of each basic indicator by modifying them. These indicators can be intuitively confirmed by expressing each indicator on a price candle, and can be used as support and resistance points for detailed trading strategies. - (1M chart) The most frequently referenced RSI indicators have been added to be drawn on price candles as RSI < 70, RSI > 30 indicators. Therefore, if the price is maintained above the 3014.05 point, it can be interpreted that the RSI indicator is in the overbought zone. Therefore, the 3014.05 point corresponds to the support and resistance zone. - The +100, -100 indicators are indicators that express the CCI indicator. The CCI indicator interprets the -100 to +100 range as a sideways range based on the 0 point. If it rises above +100, it is interpreted that it has escaped the sideways range and formed an upward trend. If it falls below -100, it is interpreted that it has formed a downward trend. Therefore, if it rises above the 3762.29 point, it should be interpreted that it is highly likely to form an upward trend. Therefore, if it rises above the +100 indicator point, you can conduct a breakout trade. - If you understand the concept of the above indicators, I think you can create a trading strategy with just these indicators. - The HA-High indicator is formed at the 3321.30 point, so the most basic standard is the 3321.30 point. Therefore, you should set the 3321.30 point as the standard and use the support and resistance points of the above indicators to create a trading strategy that suits you. The trading strategy may vary depending on your investment period, investment amount, average purchase price, etc. Even so, the HA-High and HA-Low indicators can be the standard for the chart, so you should consider the location of these indicators. - (1W chart) It is currently continuing to rise within the rising channel. Therefore, the key is whether it can rise along the rising channel. - The 3265.0 point and the 3321.30 point are the HA-High indicator points of the 1W and 1M charts. Therefore, the area around the 3265.0-3321.30 section can be seen as the standard for trading. Therefore, if it falls below the 3265.0-3321.30 section, it is highly likely that it will fall further. However, the 3014.05 point is the RSI < 70 indicator point of the 1M chart, so if the price is maintained above 3014.05, it is likely that it will continue to rise in the long term. Therefore, if it falls below the 3265.0-3321.30 section, it is necessary to check whether there is support in the 3014.05-3136.41 section. - (1D chart) Currently, the HA-High indicator of the 1D chart is formed at 3787.59. Therefore, in order for a full-scale uptrend to begin, the price must be maintained above 3787.59. - The +100 indicator is formed at 3523.09. Therefore, in the short term, it is highly likely that an uptrend will be formed if it rises above 3523.09. If not, the movement is likely to continue in the sideways section of the CCI indicator. - As above, you should look at the charts in order of 1M, 1W, and 1D charts, interpret them comprehensively, and create and modify your trading strategy by considering your average purchase price or investment period. Again, among the indicators on this chart, the most basic indicators for trading are the HA-High and HA-Low indicators. To find out the basic trend, you can check the movement of the MS-Signal indicator. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture The real uptrend is expected to start after rising above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
1
Jun.26-Jul.1(ETH)Weekly market recapThe PCE of May was better than the previous value, and the power of shorts has slowed down. This Friday will usher in important NFP. This will restart the medium-term trend. Many financial markets pulled back after rise in NFP in last month. Although we all know that the increase in NFP is likely to come from political needs and the increase in illegal immigration. Therefore, there is a divergence between it and the unemployment rate. However, with the market's full interpretation, we believe that as long as NFP is not significantly higher than expected, the market may ignore NFP and price a new round of interest rate cuts. The SEC recently returned some applicants’ S-1 documents regarding ETH ETF and required them to submit documents again within July 8. ETH ETF is getting closer. The formal approval of the BTC ETF is after the U.S. stock market closes, so the ETH ETF may also be within this time point. Economic data aside, the ETH ETF will be key over the next 10 days. Although Mt. Gox brought FUD, the BTC ETF has turned to net inflows for 5 consecutive days, which shows that institutions have reopened BTC. ETH has remained fluctuation over the past week, as we expected. But the ETH ETF is about to be launched, and this cycle is still for ETH. The response from an indicator level is lackluster. There are no obvious whales on the WTA indicator, and trading volume has not increased. The ME indicator continues to fluctuate, causing the wavy area to further narrow. In summary, we believe that ETH's performance this week may be stronger than BTC, but this depends on the time when the ETH ETF is listed. 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
ETH: POTENTIAL BULL FLAG FORMATION!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! ETH is trading above the $3300 level which is quite a strong support. As you see in the chart, it is forming a bull flag-like structure in an 8-hour time frame and is currently, trading inside it. Once it breaks out from the bull flag we might see a good 30-40% rally to the upside. Also, there is positive news that the SEC could approve spot Ethereum ETFs by July 4 so this definitely gives a good boost to ETH and Alts. Entry range:- $3280-$3380 Targets:- $3900/$4200/$4600 Invalidation:- Close below $3250 What are your thoughts on ETH's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
2
Ethereum Poised for Strong Performance in Second Half of 2024During the first half of this year, Ethereum has closely mirrored Bitcoin's performance, with both cryptocurrencies showing approximately a 45% increase year-to-date. As we move into the latter half of 2024, the burning question for many investors is which of these digital assets will take the lead. Earlier in May, Bitcoin seemed the obvious choice. However, recent setbacks for Bitcoin have shifted the spotlight towards Ethereum. Several factors now suggest that Ethereum may see significant gains, even if Bitcoin continues to trade steadily. One of the pivotal developments in the crypto landscape for 2024 has been the introduction of spot exchange-traded funds (ETFs) for Bitcoin, which have been available since January. Recently, Ethereum has gained traction with its own ETFs. The Securities and Exchange Commission (SEC) approved new spot ETFs for Ethereum at the end of May, adding a new dimension to its investment appeal. The impact of these ETFs remains uncertain. They are anticipated to commence trading this summer, potentially attracting up to $3 billion in investments. JPMorgan Chase offers a more conservative estimate of around $1 billion. While this is significantly less than the $30 billion flowing into Bitcoin ETFs, the introduction of Ethereum ETFs is expected to have a notable influence on its market dynamics. Ethereum continues to assert its dominance across crucial blockchain sectors, notably decentralized finance (DeFi), where it commands over 60% of the total value locked (TVL) globally. This starkly sets it apart from competitors like Solana, Cardano, and Avalanche, none of which come close to challenging Ethereum's position. Market performance underscores Ethereum's strength. While Ethereum has shown robust growth, with Solana up 35% and Sui up 9%, other contenders have struggled. Aptos has declined by 28%, Cardano by 32%, and Avalanche by 33%. Regulatory clarity further bolsters Ethereum's appeal. Despite earlier concerns about a potential SEC investigation into Ethereum's status as a security, recent statements indicate the SEC is closing any such inquiry. This clarity alleviates concerns for risk-averse institutional investors, potentially unlocking substantial capital inflows into Ethereum. Moreover, Ethereum's long-term disruptive potential remains compelling. Over the past decade, Ethereum has consistently pioneered new applications within the blockchain space. Ongoing technological advancements continue to enhance its capabilities, particularly in sectors like DeFi, where Ethereum's efficiency in managing financial assets on the blockchain offers clear advantages over traditional systems. Investment firm VanEck anticipates significant growth for Ethereum, particularly in DeFi, projecting a potential valuation of $22,000 per token by 2030, which could translate to a market cap exceeding $2 trillion. Such growth potential positions Ethereum favorably alongside top Silicon Valley companies in terms of market valuation. Despite these strengths, Ethereum faces challenges from emerging blockchain competitors like Solana, which threaten to diminish Ethereum's once-formidable economic moat. Nonetheless, Ethereum appears poised to be a standout investment in the latter half of 2024, especially if new ETFs catalyze further market enthusiasm for the cryptocurrency. ✅ Please share your thoughts about ETHEREUM in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
COINBASE:ETHUSDLong
by FOREXN1
1
ETH Ethereum Price TargetIf you haven't sold at the peak of ETH or entered during the buying opportunity: Now I believe Ethereum is likely to consolidate within the range defined by its 200-day and 50-day moving averages in the coming period. This consolidation phase suggests that Ethereum's price action will oscillate between these key technical levels, potentially indicating a period of indecision or equilibrium in the market. Looking ahead, my expectation is for Ethereum to experience a retracement towards the 3150 level. This retracement could serve as a healthy correction following recent price movements. Subsequently, I anticipate Ethereum to gather momentum and embark on a potential upward movement towards the 3800 mark. This outlook reflects a cautious yet optimistic stance on Ethereum's price trajectory, taking into account both technical analysis and broader market dynamics.
by TopgOptions