ETH/USDT Approaches Key Resistance After Double Bottom Breakouthello guys!
Key Observations:
Double Bottom Pattern:
A well-defined double bottom pattern formed around the $2,307 zone.
The neckline breakout has occurred, and the price is nearing the projected target of the double bottom pattern, around the $2,730 area.
Resistance Zone (Blue Box):
The price is approaching a key resistance area between $2,680 and $2,730.
This area represents a major challenge for bulls, as it's a historical level where selling pressure previously increased.
Ascending Channel:
ETH is trading within an ascending channel, with higher lows and higher highs.
The upper boundary of the channel aligns with the resistance zone, indicating the confluence of a strong resistance level.
Potential Targets:
If the price breaks above the resistance area, the next target lies around $2,800, which is the upper boundary of the ascending channel.
On the downside, if the resistance holds, a pullback toward the support of the channel around $2,560 to $2,480 is possible.
Engulfing Pattern at Support:
A bullish engulfing pattern at the double-bottom zone initiated the current rally, showing strong buying interest in this region.
ETHUSDT
Trading Signal For ETHUSDT Trading Setup:
A Trading Signal is seen in the ETHUSDT Ethereum (Futures)(4h)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 2548.73
⭕️SL @ 2499.89
🔵TP1 @ 2786.54
🔵TP2 @ 2960.00
🔵TP3 @ 3252.62
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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SasanSeifi| Is Ethereum Poised for a Move to Higher Levels?Hey there, ✌ In the daily timeframe analysis, as shown, the price has entered a downward trend from the $4,000 range. Following this price drop, it reacted at the important support level of $2,100, oscillating between the price ranges of $2,100 to $2,800. Currently, after observing demand at the $2,300 level, the price has experienced slight positive fluctuations and is trading around $2,600.
Based on the candlestick behaviour, it is anticipated that in the short term, the price may rise towards the important resistance levels of $2,700 to $2,820, with some minor positive fluctuations. If the price breaks above $2,820 and stabilizes in lower timeframes, the likelihood of further price growth towards the resistance zone of $3,000 to $3,250 increases. In such a scenario, monitoring the price reactions at these levels will be essential for evaluating the next trend. However, if the $2,820 level is not breached and the price fails to maintain its stability, the possibility of a price retracement may rise.
The long-term outlook remains bearish, with expectations for the price to move towards the $1,800 to $1,500 range.
In the daily timeframe, the $2,450 to $2,300 levels serve as critical support. Maintaining the price above these levels is crucial for the desired scenario.
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
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ETH/USDT Analysis Update!Ethereum shows signs of resistance near the upper trendline within a descending channel, indicating a potential pullback in the near term.
Ethereum is currently testing the resistance level at the channel's upper boundary. Previous attempts to break the above have resulted in pullbacks, which could happen again if buying pressure does not increase.
The highlighted yellow area is a crucial support area, where buying activity has provided consistent upside in the past.
The recent price action indicates a potential bearish divergence, indicating potential downward movement if confirmed.
Consider a short position if the price fails to break the resistance level.
A stop-loss can be placed slightly above the resistance line to manage risk.
Target the lower support area around $2,270 to $2,210 as a potential area for profit-taking.
Continuous monitoring of Ethereum’s price action around the resistance level will be crucial to anticipate the next significant move.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
Ethereum Eyes Breakout Above Key Resistance
In this 1-hour ETH/USDT chart, Ethereum shows strong upward momentum, highlighted by the large blue arrow.
Key Points:
Clear Uptrend: Ethereum has been moving in a steady uptrend, reflected in the price action staying above the moving averages. This signals that buyers are still in control, with higher highs and higher lows forming consistently.
Support Area: The green zone, around $2,590 to $2,600, acts as a solid support level. Price may pull back here before finding enough buying interest to push higher again.
Resistance Zone: The red area, between $2,670 and $2,690, is a key resistance where the price has previously struggled to break through. If Ethereum tests this level again, it could be a critical turning point.
Potential Move: The chart hints at a possible dip back to the support zone, followed by a bounce towards resistance. If the price breaks above the $2,690 mark, it could rally further, with a target potentially around $2,748.
Ethereum - Buy It Now Or Never!Ethereum ( BITSTAMP:ETHUSD ) will offer a final retest:
Click chart above to see the detailed analysis👆🏻
Ethereum is about to retest a perfect confluence of support from which a bullish reversal is almost certain. Following the overall bullish trend, Ethereum should retest the previous all time high next and then maybe even follow Bitcoin and create new all time highs going into 2025.
Levels to watch: $2.000
Keep your long term vision,
Philip (BasicTrading)
Ethereum | Sharks stockpile over $6 Billion in EthData from cryptocurrency analytics platform Santiment has revealed that so called ‘Shark’ addresses on the Ethereum blockchain have over the past year stockpiled over $6.2 billion worth of the second-largest digital currency by market capitalization.these addresses are defined as those holding between 10 and 10,000 ETH, or between $17,500 or $17.5 million worth of the cryptocurrency, and their supply has grown by 554,000 ETH in the past week, according to the platform’s data.
Meanwhile, however, while ETH sharks have been accumulating heavily, whales on the network have “collectively dumped 9.4 million in the same timeframe.” These whales are defined as addresses holding between 10,000 and 10 million ETH, meaning from $17.5 million to $17.5 billion worth of the cryptocurrency. crypto forums are paying close attention to the various banking crises occurring globally. The company notes that “laws and policies going forward may have a dramatic impact on the trajectory of cryptocurrency”.
Notably, Ethereum is set to undergo its highly-anticipated Shanghai-Capella upgrade, often referred to as Shapella, upgrade on April 12. The upgrade includes one key feature, with Ethereum Improvement Proposal, EIP 4895 will allow for withdrawals of staked Ether on the network, a functionality that wasn’t implemented when the network merged with the Beacon Chain and transitioned to a Proof-of-Stake consensus.the upgrade will also feature three other improvements aimed at optimizing gas costs for certain activities. The upgrade is set to take place on April 12 at epoch number 620,9536. Shapella is coming after multiple phases of public testing on three testnets, including Sepolia, Zhejiang, and Goerli. The upgrade was earlier this week deployed on the Goerli testnet as a final rehearsal ahead of the mainnet launch.
The price of Ethereum is $1,820 today with a 24hour trading volume of 14 billion dollar. This represents a 5% price increase in the last 24 hours and a 27% price increase in the past 7 days
next targets are 1830, 1840 and 1850$
ETHUSD long using proprietary multi-timeframe trend detectionExecuting this on M5 time frame as I usually do, taking into account H1 and H4 with D1 200D EMA as possible next resistance and TP1.
Entry: 2618.11
SL: 2584.80
TP: 2791.51
Upon clearing 2660 I'll move the SL a little higher than BE. H4 close above that area would likely do the trick to cement a continuation higher.
ETHUSDT.P M5 Execution:
Oct.8-Oct.14(ETH)Weekly market recapLast week, the U.S. CPI data for September was released. Although the CPI figure was higher than expected, it was still lower than the previous value. We believe that once the Federal Reserve enters a rate-cutting cycle, as long as the CPI data does not significantly deviate from expectations, the market will not price in a recession or an inflation rebound. It will generally lead to a positive outcome. After going through an aggressive rate-hike cycle and entering a rate-cutting cycle, capital will no longer need to worry about changes in liquidity. In the early stages of rate cuts, investors will need to consider which market to enter to achieve high returns.
We observed the performance of the Chinese stock market at the end of September, and yesterday, the BTC ETF saw an inflow of over $500 million, the largest inflow in the past three months. Capital is starting to flow back into the cryptocurrency market, and this continuous inflow is providing price support.
ETH, which had been relatively underperforming, also saw a certain level of pump yesterday, with the price nearing previous highs. However, from the ME indicator, it can still be seen that short positions are dominating ETH. The WTA indicator shows no signs of whale activity.
In summary, we believe ETH is likely to experience a week of consolidation. We maintain the previous resistance level of 2,800 and support level of 2,100.
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.
The key is whether there is support near 2621.99
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ETH is in a reverse array.
Therefore, it is not attractive to start trading.
Therefore, the point of observation is whether it can turn into a regular array when the price is maintained above 2621.99.
Based on the current price position, it is expected that a full-scale uptrend will begin only if it rises above the 3265.0-3321.30 range.
Therefore, the 2621.99-3321.30 range can be considered a buy range.
So, rather than rushing to buy, I think it would be better to wait until the chart is at a level where you can trade.
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The Mid (50) line is showing signs of being newly created.
Accordingly, the support near the Mid (50) line is the key.
Since the Mid (50) line is expected to be created near the M-Signal indicator of the 1W and 1M charts, near 2621.99, this section is becoming more important.
Therefore, if the price is located near 2621.99 when the M-Signal indicator of the 1D chart rises above 2621.99, then I think it would be a good time to buy.
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If you bought near the BW (0) line or the HA-Low indicator, the area near 2621.99 is the first split trading area.
As I mentioned above, if you bought around 2621.99 when the chart was created, the BW (100) line or the HA-High indicator is the split trading area.
Currently, the BW (100) line is formed at 2627.76, and the HA-High indicator is formed at 3787.59.
-
Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale uptrend will begin when it rises 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: 134018.28
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
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ETH Long $2475! Ethereum Entering Long Zone!🤖🔥🚀 The 50MA on the daily chart aligns perfectly with the $2475 level + a squeeze!
Great entry point for a long!
ETH Long $2475!
Entry model: Breakout
First target: $2551
Second target: $2659
💡 ETH is currently a low-volatility coin with high volume. Leverage: 20x-50x!
Short stop-loss.
#ETHWUSDT #1W (ByBit) Descending channel breakoutEthereum PoW regained 50MA weekly support and seems to be in full bullish mode, continuation is on.
⚡️⚡️ #ETHW/USDT ⚡️⚡️
Exchanges: ByBit USDT, Binance Futures, OKX Futures
Signal Type: Regular (Long)
Leverage: Isolated (1.0X)
Amount: 5.0%
Current Price:
3.665
Entry Zone:
3.524 - 2.904
Take-Profit Targets:
1) 5.119
1) 7.030
1) 8.941
Stop Targets:
1) 1.940
Published By: @Zblaba
AMEX:ETHW BYBIT:ETHWUSDT.P #1W #Ethereum #PoW ethereumpow.org
Risk/Reward= 1:1.5 | 1:3.0 | 1:4.5
Expected Profit= +59.3% | +118.7% | +178.2%
Possible Loss= -39.6%
Estimated Gaintime= 3-6 months
Buying ETH in the price range of $2330 to $2500I have two price scenarios for ETH
Scenario 1: If the price drops from this range and reaches $2,500, you can start buying from the same area and maintain it until the final target of $3,000.
Scenario 2: After the price falls to the resistance zone in the range of 2730-2820 and reaches the range of 2330-240 dollars, take a buying position from that area and hold it until the target of 3000 dollars.
ETHEREUM look bullish (4H)Ethereum seems to be forming a bullish triangle.
From where we placed the red arrow on the chart, it seems that the correction of ETH has started.
We now seem to be in wave D of this triangle.
We are looking for buy/long positions in the green range.
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
ETH 1D - TRIANGLE 1 + TRIANGLE 2ETH 1D - TRIANGLE 1 + TRIANGLE 2
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ETH 1D - TRIANGLEs
ETH is still within 2 triangular zones:
Triangle 1: formed by the dynamic resistance and the dynamic support at approximately 2400.
Triangle 2: Extension of this triangle to the base of the bullish channel at 2150.
Depending on our strategy we can buy at the bases of both triangles while waiting to leave the resistance zone.
_______________________________________________________
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I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Get informed, train yourself and build your own strategies when it comes to investing. I only hope that my comments help you on your own path :)
#ETH Salp Short Idea#ETH scalp short idea. Shorted from the supply. Expecting to retrace till purple line.
It is scalp, i am overall bullish. If we dont hit the target till monday evening (NY local time-EST) i will consider to close trade manually.
Nothing i share is financial advice. Education purposes only.
#Altcoins #Crypto #altcoin #AltSeason2024 #Bitcoin #Ethereum #ETH #ETHUSD #ETHUSDT
Check if it is a regular array before trading
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
Since ETH is in a reverse array (M-Signal on the 1D chart < M-Signal on the 1W chart < M-Signal on the 1M chart), I don't think it's time to trade.
However, since it is located near the HA-Low indicator and the M-Signal indicator on the 1D chart, if it receives support, it can be considered an aggressive buying period.
Such aggressive buying requires a short and quick response.
From this perspective, if ETH maintains its price around the 2555.38-2646.97 range and switches to a regular array (M-Signal on the 1D chart > M-Signal on the 1W chart > M-Signal on the 1M chart), it is ready for trading.
If you are familiar with day trading, you can start with aggressive buying and move on to full-scale trading, but if you are not, it is better to pass on aggressive buying.
If you make an aggressive purchase and it fluctuates up and down, you will not be able to hold on and sell when you need to make a full-scale transaction, which will reduce your profits or you will likely suffer losses even if the price rises.
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Currently, the only coin recognized for its value after BTC is ETH.
You can argue this, but this is a fact.
Several coins are making efforts to be recognized for their value.
Namely, XRP, SOL, etc.
Therefore, I think that long-term investments are BTC and ETH, and the remaining coins and tokens are trading coins that earn profits through trading in the medium term or less.
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(ETHUSDT 12M chart)
When drawing a parallel channel, the most important trend is the trend line (1) created by the first and second selection points.
Therefore, if the first and second selection points are selected incorrectly, an incorrect channel may be created.
The next important thing is the third selection point, which determines the width of the channel.
If this is also selected incorrectly, it can be interpreted incorrectly, so caution is required.
Therefore, trend line (2) is the important trend line.
The next important thing is trend line (3) created between (1) and (2).
Therefore, if trend lines (1), (2), and (3) are passed, there is a high possibility that a change in the trend will occur.
The Fibonacci ratio is displayed as a Trend-Based Fib Extension tool with the selected candlestick of the parallel channel.
Accordingly, the drawing for basic chart analysis is completed.
Fibonacci ratio or parallel channel is for chart analysis, not for trading, so do not confuse them.
If you think of Fibonacci ratio as support and resistance points and there are no support and resistance points drawn separately on the 1M, 1W, and 1D charts, I think the transaction is likely to fail.
Therefore, in order to proceed with the transaction, you must mark the support and resistance points on the 1M, 1W, and 1D charts.
-
(ETHUSDT 1W chart)
If you drew an ascending parallel channel on the 12M chart, you drew a descending parallel channel on the 1W chart.
The 1M chart is drawn as an ascending parallel channel like the 12M chart, so it was not drawn.
This allows for a more accurate analysis when looking at just one parallel channel.
The Fibonacci ratios shown on the left were drawn on the 1W chart.
We found that a change in trend can occur by passing through the area indicated by the circle.
-
(1D chart)
The price made an uptrend and then started to make a downtrend.
As you can see in the 1D chart above, there are two downtrends.
The first wave of the downtrend provides important information.
Therefore, if possible, it is better to draw a trend line on the first wave where the change in wave occurred.
The second downtrend is connected to the current wave, so this also provides important information.
If you mark important areas according to the current price position, it is the same as the order of the circles marked on the chart.
-
Have a nice time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section 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: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to be encountered in the future. We need to see if we can break through these points.
We need to see the movement when we touch this section because we think we can create a new trend in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
-----------------
ETHUSDT and long term profit strategy. Technical Overview:
Ascending Trendline Support: The chart shows a long-term upward trendline, suggesting a steady support level around the $2,000 - $2,200 area. This trendline has historically provided strong support for price rebounds.
Symmetrical Triangle Formation: ETHUSDT is currently consolidating within a symmetrical triangle pattern (highlighted in red), indicating indecision in the market. This pattern often leads to a breakout, with a likely strong price movement in either direction.
Potential Breakout: The breakout point appears to be nearing, with price action expected to either bounce from the lower trendline or break through the triangle’s upper boundary. A breakout above $2,532 could lead to a strong upward move toward the next key resistance around $2,817.
Bullish Scenario: If ETH breaks out to the upside, the next major target would be the $3,000+ region, indicated by the blue upward arrow. The current consolidation may be a period of accumulation before a bullish move.
Bearish Scenario: If the price breaks down from the triangle and the trendline, ETH could revisit the support around $2,000 or lower, but this scenario appears less likely based on current momentum.
Conclusion:
Ethereum is at a critical juncture, with the symmetrical triangle and long-term trendline suggesting a breakout is imminent. Traders should watch closely for a breakout signal, with a preference for the upside targeting the $3,000 level.
ETH/USDT chart, which shows trading within a descending channel.ETH continues to trade within the descending channel, which indicates a bearish trend in the short term. A breakout above the upper trendline could signal a bullish reversal.
The immediate support level is around the $2,240 mark. If Ethereum sustains above this level, it could see a potential bounce, leading to a bullish move.
There is a crucial resistance zone around $4,000 to $4,400. ETH could face selling pressure when it approaches this zone.
The chart includes the 21-day simple moving average (SMA), which is acting as a dynamic resistance. A clear breakout above the SMA could be a bullish signal.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other altcoin.
@Peter_CSAdmin
Ethereum Signaling a Possible Bullish BounceIn the weekly Ethereum chart above, several indicators suggest ETH could be approaching a significant support zone, potentially leading to a reversal:
The MACD is nearing a potential bullish crossover. This is typically seen as a signal that the downtrend could be losing strength and that buyers might step in soon. A confirmed crossover would likely lead to a shift in momentum towards the upside.
The RSI has dropped below the 40 level, approaching oversold territory (below 35). This indicates that ETH may be undervalued, and the selling pressure could be exhausted, hinting at a possible rebound in the coming weeks.
100 and 200 EMA: The 100 and 200 EMAs are acting as strong support zones. Historically, these EMAs have provided robust support during major market pullbacks, and they could hold up ETH’s price from further declines.
This indicates the bottom for ETH, and we can expect a bounce from the current support level.
ETH Rejection at $2,461: Bearish Target $2,320?The Ethereum (ETH/USDT) chart on the 1-hour timeframe shows a significant price rejection from the $2,461 level, which is a key resistance zone. The price is currently hovering around $2,406, and the trend is favoring a bearish outlook. Here is a brief analysis and trading strategy:
Key Levels:
Resistance Zone: $2,461 - $2,460 (red zone)
Support Levels: $2,357 (first target), $2,320 (secondary target)
Analysis:
The price is facing strong resistance from the $2,461 level, with multiple rejections indicating the dominance of sellers.
The short-term moving averages are aligning with the bearish trend, and the price is struggling to break back into the resistance zone.
The next probable move, as shown by the red arrows, is a bearish continuation towards the first support level at $2,357, with a further possible drop to $2,320 if the selling pressure continues.
Trading Strategy:
Short Position: Consider shorting near the $2,414 - $2,461 resistance zone if the price fails to break above it. Target $2,357 initially, and if the bearish momentum continues, aim for $2,320.
Stop Loss: Place a stop just above the $2,461 level to limit risk.
This setup favors bearish traders, but monitor the price action closely near the support levels for any signs of reversal.
SasanSeifi|Will $1800 Be Ethereum's Next Support Level?Hey there, ✌
Ethereum has encountered corrections from the key resistance level of $2700 in the long-term time frame. Currently, the price reacted around $2200 and managed to experience positive movements toward the $2500 zone, as highlighted in recent analyses. However, mid-term analysis still indicates a bearish trend, with the price ranging at the $2300 level.
In the mid-term, it's anticipated that Ethereum may approach the $1800 zone through some corrections. Upon reaching this level, market reaction will be crucial in understanding the future movement.
Key resistance zones at the moment lie between $2500 and $2700. On the other hand, if the price breaks and holds above $2700, we might see further upward movement toward $3000 to $3200
This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊