Ethereum MELT UP is coming. There's been a lot of discussion lately on where ETH price might go and, mostly the news I saw, where super bearish on it.
I remember seeing a chart where Hedge Funds where MEGA bearish on it based on Trump news of some sort, however these data was not lying and indeed Hedge funds had the most COT bearish data ever recorded (2024 Xmas), thus the price suffered a great decline since.
Now the picture has change dramaticaly; technicals + recent COT are pointing to a MELT UP that can happen from March.
Ethereum present us a clear 1, 2, 3, 4 (we're here), 5 - Elliot Wave Count, where we are now in an extended corrective ABCDE pattern ready to blow up with Monthly Demand level, which we are currenly testing.
From COT readings, we can see Fund Managers going from -4.250 net positions, to 2095 net positions, meaning that they went from MEGA bearish to VERY bullish in a short period of time.
Conclusion, I see a MELT UP incoming in the next months of 2025.
ETHBEARUSD trade ideas
ETH all set for a 20% gain retest back to $3300Signals are currently swinging up to Bullish soon looking at daily charts.
🔹 US spot Ethereum ETFs recently acquired 146,540 ETH worth $420.2 million, indicating robust institutional interest.
🔹 Ethereum boosts efficiency by raising gas limit to 36 million, enhancing speed by 20% and cutting fees.
🔹 B3 launching Ethereum futures enhances trading options for Brazilian cryptocurrency investors.
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Goal 🎯: 3800.00 (or) Escape Before the Target
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📰🗞️Fundamental, Macro, COT, Sentimental Outlook:
🌟 Fundamental Analysis
- Increasing Adoption: Ethereum's growing adoption and use cases, such as decentralized
finance (DeFi) and non-fungible tokens (NFTs), are driving up demand and prices.
- Improving Scalability: Ethereum's transition to proof-of-stake (PoS) and the implementation of
sharding are expected to improve scalability, reducing transaction costs and increasing efficiency.
🌟 Macroeconomic Analysis
- Global Economic Trends: The current global economic uncertainty and inflation concerns are
driving investors towards cryptocurrencies like Ethereum, which are seen as a hedge against traditional assets.
- Monetary Policy: Central banks' monetary policies, such as interest rate decisions, can impact
Ethereum's price.
🌟 COT Report
- Speculative Positions: Unfortunately, the latest COT report is not available, but speculative traders are likely to be net long on ETH/USD, indicating a bullish sentiment.
🌟 Sentimental Analysis
- Market Sentiment: Market sentiment is mixed, with some investors expecting a bullish
movement due to increasing adoption and improving scalability, while others are bearish due
to regulatory uncertainty and market volatility.
🌟 Institutional Trader Analysis
- Institutional Positions: Institutional traders are increasingly investing in Ethereum, driven by
its growing adoption and use cases.
- Ethereum (ETH): 60% of institutional traders are bullish, expecting prices to rise, while 40% are bearish.
🌟 Retail Trader Analysis
- Retail Positions: Retail traders are also cautious, with some taking long positions on ETH/USD
due to increasing adoption and improving scalability, while others are taking short positions
due to regulatory uncertainty and market volatility.
🌟 Outlook
- Based on the analysis, the ETH/USD pair is expected to move into a bullish direction in the short term, with a target level of 3800.00. However, the movement is likely to be volatile, and investors should be cautious ahead of regulatory developments and economic data releases.
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📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
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Ethereum Struggles Below $3K – Another Failed Rally Ahead? Over the past few months, Ethereum has been a disappointment for bulls, struggling to maintain momentum.
Despite Bitcoin testing its all-time highs, COINBASE:ETHUSD has consistently rolled back from the 4K resistance, forming lower highs along the way.
Bitcoin’s recent drop to $90K triggered a sharp decline in ETH, pushing it down to the critical $2.1K support zone.
While the price is currently rebounding, I believe this recovery will likely turn into another failed rally.
My bias remains bearish on ETH/USD as long as the price stays below $3K. I’m looking to sell rallies into that zone.
Only a sustained breakout above $3,200 with strong buying pressure would invalidate this bearish outlook.
Ethereum its going down soon Ethereum (ETH/USD) on a daily timeframe, illustrating a descending channel from November 2024. The price is currently around 2,634, within a key support zone. Several Fibonacci levels are highlighted, suggesting potential areas of interest, with the2,149.90 level being a critical support. The chart also includes an order block (OB) at higher levels around $3,400, which may act as resistance if the price retraces. A possible retest is expected before a move toward lower support levels.
ETH—Signs of Life AppearingSmall, but significant signs of life showing on the 2 day RSI over the 11 day course of time shown as ETH continued to make lower lows, RSI made higher highs suggesting bullish divergence.
2 day RSI was arbitrarily used to show this divergence due to it being more apparent, though 3, and 5 day RSI additionally show the same bullish divergence
Feedback Appreciated,
Thanks
Ethereum Analysis Ethereum Analysis
Ethereum is currently exhibiting a pattern similar to the one observed in Shiba Inu, with a clear downtrend that has led to the breakdown of a key support level. As of now, it seems to be retesting this broken support, though confirmation will only be possible once the current candle closes.
In my opinion, patience is critical in this scenario, and it would be wise to wait for the candle to close before considering any short positions. The broader trend still appears to be bearish, suggesting that Ethereum may not have exhausted its downward momentum just yet. However, market dynamics can shift rapidly, and it is important to remain vigilant and adapt to new information as it unfolds.
I would appreciate your thoughts on Ethereum's current price action and whether you agree with the assessment of a potential continuation of the downtrend. As always, thorough analysis, risk management, and due diligence are essential before making any trading decisions.
Cheers!
ETH LONG PATH TO 15000Here are roughly projected levels ETH is likely to reach reach on its long term path to much higher prices
Levels were approximated by creating trendlines which connect several, key, important pivot highs and lows from the past. These levels should serve as rough estimates for both targets and levels of resistance, for future price.
Comments Appreciated