Ethereum - Again took resistanceEthereum again took resistance from my magical trend line :-) wait for bottom buyby GautamKhanna1
$ETH LongCRYPTOCAP:ETH Bullish Idea - Bouncing off weekly VWAP - Breakout from downtrend - Flipping daily supply - ETH ETF will bring sidelined funds (in-flow) Longby CryptoGoProUpdated 226
Ethereum: ReconsiderationWe expect Ethereum to drop into our Target Zone (between $2807 and $1813). There, we expect the low of green wave 2 to be placed, after which the next major impulse wave 3 should start, leading to a new high for the year. If the price climbs directly above the resistance at $4091 (40% likely), we will already see it in the green wave alt.3. by MarketIntel0
ETHUSDLately on EHTUSD there was a huge distribution to the downside and now price has reached our POI and as you can see on the 4hr timeframe price has just swept our CRL for the previous 4hr candle stick and has closed below it.Longby BigBenCapitals9
ETHUSDBEARS LOOKIMNG STRONG although not a bad isdea to cosat average if you are buying spot Shortby waynepipkill110
#ETH/USDT#ETH After the approval of Ethereum ETFs, the current correction is expected Ethereum price has been moving in an upward trend on the four-hour frame since the beginning of July The price has now touched the rising trend and produced a reversal candle on a 4-hour frame Expected to rise on targets Entry price 3177 First target 3315 Second goal 3424 Third goal 3546 This is supported by the bearish saturation on the RSI indicator The rise also supports stability above the Moving Average 100 And stability is above the current trend The pattern is canceled if it closes 4 hours below the upward trend in orangeLongby CryptoAnalystSignal2
EMA200 touched, let's get this beauty back upShould hold here and bounce, but let's see. Lots of leveraged trading here, especially because of the ETF. Could still dip lower and rek futuresLongby Nodotz221
ETHUSD Potential Uptrend Line Breakout At $3,130.50 25.07.2024- ETHUSD downtrend breakout potential at $3,130.50 on the 1HR chart. - If confirmed, targets are $3,012.36 and $2,862.07. - If breakout fails, resistance targets are $3,223.45 and $3,296.42. Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) DisclaimerShortby Stuart_Cowell1
Elliott Wave Intraday Analysis: Ethereum Pullback In ProgressShort Term Elliott Wave View in Ethereum (ETHUSD) suggests the impulse sequence ended at $3562.6 high started from 7.05.2024 low. Below there, it favors corrective pullback in wave (2). In daily sequence, it ended ((4)) correction at $2811 low as double three structure against November-2022 low. Above ((4)) low, it ended wave (1) rally at $3562.6 high as the part of ((5)). Within (1), it placed 1 at $3081.6 high and 2 at $2824 low as dip pullback. It resumed higher in 3 as extended wave, ended at $3517.2 high as 2.618 Fibonacci extension of 1. Within 3 of (1), it placed ((i)) at $3213.6 high, ((ii)) at 3048.9 low, ((iii)) at $3499.1 high, ((iv)) at $3350 low & ((v)) at $3517.2 high. It placed 4 as 3 swing pullback at $3368.5 low and 5 as diagonal sequence ended at $3562.6 high as (1) as impulse sequence. Below $3562.6 high, it favors corrective pullback in (2), which expects to stay above $2811 low to turn higher. It placed A of (2) at $3426 low and B at $3450.2 high. Below there, it favors downside in ((iii)) of C, while placed ((i)) at $3393 low and ((ii)) at $3500.6 high. It expects two minor lows to finish ((iii)) of C before any bounce in ((iv)) followed by final push lower. The pullback showing the extended C leg in (2) pullback, which can end soon before turning higher in (3). Further upside (3) will confirm above $3562.6 high. Alternatively, if it breaks below $2811 low, it can extend ((4)) as double correction against November-2022 low in daily sequence.by Elliottwave-Forecast7
30% drop in ETH in the next month? Weekly candle hasn't closed yet but it's seeming increasingly likely to be a bearish engulfing candle, indicating further downside. Target price is likely to be somewhere between $2500 and $2100 before we're bullish again. This would probably coincide with a $43k to $40k price in Bitcoin. This would set us up for a strong move upward before the end of the year and an end to the bull market in early 2025. Shortby mrlewischurches1
ETH QUICK REBOUND...LONG ! "Missed the initial ETH surge? No worries. Sherlock's got you covered. He suggests setting your buy limits between $3255 and $3240. Why? This range is loaded with confluences: higher timeframe Fibonacci levels, untested support, and dynamic support lines on the 4-hour chart. If the price dips before the ETF launch and takes out some overzealous buyers, you could snag ETH at a prime entry point. Don’t sleep on this one!" - TradingLabLongby bigdreamsrichmotives667
ETH Trend TestETH and BTC started selling off a couple of hours ago. It's not so bad yet, but if ETH breaks below this trendline, I think it could be another quick leg down. Make or break for the shorter term action IMO.Shortby AdvancedPlaysUpdated 1110
ETH: Next bull run possibility.BITSTAMP:ETHUSD Just me on a lazy day looking at the charts and seeing where the next bull run will start and how far ETH can go. I think ETH already bottomed and might visit the bottom price again. Longby MarathonToMoonUpdated 229
$ETH inflection pointCRYPTOCAP:ETH is at an inflection point. The next move will be a big one. To the upside we are looking at $4,320, and to the downside $2,430 and $1,600 area. We're looking at the Weekly chart here, so this is likely a move that plays out over a longer period of time, not all at once. On the chart you'll see: Channels: Upward channels(green), Downward(red). In each case, I've always had success at the median lines of these channels, especially when price overshoots the existing channel in one direction or another. Support/Resistance: The major area of support/resistance I see are highlight with Red/Green Lines. Gold Circles: Inflection points. These are areas where indicators converge and offer a stronger signal. If we maintain price over $3086 on the daily, I will look for longs. by mandelscUpdated 441
LONGING $ETHTaking a long position on CRYPTOCAP:ETH Why?: - Liquidity grab on 1D timeframe - Inversion Fair Value Gap (IFVG) formed - Bullish Break of Structure (BOS) Entry: $3518.0 Stop loss: $3236.4 1:2 Risk to reward Longby fluxchartUpdated 79
ETH 's daily chart is extremely close to a massive breakoutReasons why: ⬨ Hidden bullish divergence ⬨ Tenkan-Sen's slope shows strong momentum higher ⬨ Cloud is very thin ⬨ DTO is at support 🎯 2024 Targets: $5,283 & $7,686 Things to look out for as continued bearish warning signs: 👉 The DTO falls below the zero line and remains below for more than four days 👉 There is a daily close below the Kijun-Sen Longby itsjustanalysis1
Ethereum ETFs Pump Out $1B in Trading Volume. But When Record?The novel asset class debuted for trading on Wall Street with about a billion dollars worth of trades. But Ether’s price didn’t move an inch. In fact, it dropped, confusing traders who were expecting a more impressive performance by the megacap token. What happened? Ether ETFs Make a Splash on Wall Street Ethereum ( ETH/USD ), the second-largest cryptocurrency after Bitcoin ( BTC/USD ), made its debut as an exchange-traded product this week. A total of nine spot Ethereum exchange-traded funds (ETFs) landed for their first deals on Tuesday. Packaged by eight different issuers, these new investment vehicles generated a buzz with $1 billion in volume traded, or the entire value exchanged between back-and-forth trades. The cool thing about this milestone event is that ordinary consumers and professional money managers can get their hands on a Bitcoin alternative — these ETFs hold genuine Ethereum. And while buyers can’t get custody over the digital asset itself (that’s for the issuers to handle), they can buy shares of the ETFs and get the same volatility and price exposure as if they were holding the actual product. And that’s where the value proposition kicks in — buyers don’t need to be tech-savvy, get a cold wallet and silently mumble a 24-word seed phrase every time they access the blockchain. They can log into their brokerage account and snap up some spot ETH ETF shares. A Price Show Similar to Bitcoin’s Pump Markets saw that same narrative play out picture-perfect with the launch of 11 spot Bitcoin ETFs . Back in January, the Securities and Exchange Commission gave its nod to the long-awaited crypto products and shortly after, the orange token blasted off to a record high of more than $73,000 per coin. It must be said that the all-time high didn’t arrive immediately . But there was a solid build-up in the days and weeks before the official rollout. A price increase of a formidable size . Analysts had expected a similar scenario to unfold for Ethereum. Only that, there wasn’t a powerful pump in the price — not before, not immediately after the launch of the ETFs. Why was that? Why Ether Can’t Walk in Bitcoin’s Footsteps Some big differences can be spotted. The spot Bitcoin ETFs exchanged about $4.6 billion in trading volume on day one, or about five times more than what Ethereum achieved. The second most valuable token pulled in about $107 million of net inflows — the money that stayed in teh funds after the money that had left — on its first day as an ETF product. Moreover, Ethereum is far less popular as a store of wealth and an investment asset. It’s the place where DeFi dApps and NFTs run on smart contracts (excuse the jargon, but it’s a good way to make a point). Ethereum doesn’t have the big digital currency/digital gold/payment method aura like Bitcoin. Instead, it operates as a platform where geeks program immutable contracts that lay out the infrastructure of the next internet era — Web 3. To illustrate, think of Bitcoin as crypto’s gold ( XAU/USD ), while Ethereum could be likened to Nvidia (ticker: NVDA ) (in its early days, though) — the technology player that paves the way to the next big thing. Bullish Narrative Remains Intact This said, the big guys on Wall Street are nonetheless bullish. The asset managers that launched these new ETF products, including Fidelity, Grayscale, and BlackRock, are lowering the entry barrier to Ethereum as a technology alternative to Bitcoin’s speculative cred. Against this backdrop, the price of Ethereum stayed flat and even dipped a little. The token was hugging the flatline around $3,460 per token and was down about 1% a day after the big launch. Still, Ethereum is up about 50% on the year, exactly the same pace as the rise of Bitcoin for the same time span. More importantly, the door was cracked a little more open for another spot crypto product that wanted to rub shoulders with traditional assets, such as bonds, stocks and currencies. What’s Your Prediction? Is Ethereum going to repeat the success of Bitcoin now that it has ETFs to shake up the price? Let us know in the comments!Editors' picksby TradingView1313643
Ethereum bullish scenarioAlthough Bitcoin bears managed to set a new low a couple of weeks ago, Ethereum bears failed to do so and instead bounced off horizontal support which suggest it is maintaining its value better than Bitcoin. With Ethereum now back above the 200 EMA (in orange) on the daily chart and holding above the mid range, there is a good probability that the key $4,000 zone will be tested again. If Ethereum breaks through $4,000, the bulls could potentially push the price to the $5,555 zone. Let’s not forget that the #Ethereum ETF is launching soon, which supports a bullish scenario.Longby Krokzi2
ETHEREUM ETFs are live! Is a new era of growth emerging?United States Ether exchange-traded funds (ETFs) posted net inflows of $106.6 million on their first day of trading. Ethereum (ETHUSD) saw the massive inflows led by BlackRock, Bitwise and Fidelity overcome the outflows from Grayscale and that may have set the tone of a new ear of growth for the market. Much like Bitcoin's ETF launch back in January, ETH may see a similar rally that can finally take it past its All Time High (ATH). As you can see on this 1W time-frame chart, the post BTC ETD approval rally on January led to March's High. Another such Leg can see ETH past $5000 by September. Apart from the undoubtedly great ETF news, this chart shows Ethereum's cyclical behavior, and as you can see, relative to the previous Cycle, its upside potential rests a little above the 1.5 Fibonacci extension level. That was the spot where the November 2021 ATH was priced. Our long-term Target range remains $10000 - $12000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot2250
Ethereum Price Forecast📊In the W1 , we had the same movements that caused the price to stop in those levels , and according to the past chart, we can expect a stop at the 3300$ and 4470$ levels in the next price movements, which will lead to a deep correction. 🔗 For more communication with us, send a message in TradingView.by ahmadarzUpdated 2227
ETH - Bullish but expect choppy price actionETH in my opinion has room to run, at least, to 3,700 but I expect choppy price action this upcoming week due to ETF news and market action. Longby DClaytonUpdated 0
$3k eth a stealis 3k eth a steal? i would say buying around 3k has great risk reward especially after etf has been approved and if i goes under $3k even better! but we have 2 very important trendlines on the chart. resistance that goes from ath. and a support line that perfectly matches up from 2017 until now. we are currently in a symmetrical triangle and due to break by this winter. with volume decreasing has we get order the last quarter of triangle i think we are due for break up. a buy on this support line or long would be a great risk reward. trend is your friend on this one.by z3bracoRn2