ETH RESULTThis was a short trade taken after recognizing the head and shoulders pattern few days ago.Shortby THE_KLASSIC_TRADER1
Step by stepNow, I'm waiting for 2000 to have a reasonable buy and hold it to 4k as the final leg of diametric after that, I'll update it, so stay tuned !by MiladJ2
ETH to follow the BTC Move?ETHUSD has been trading within the range of 2526 to 2826 since early August. Currently, as BTCUSD spiked lower, it seems to have dragged ETHUSD down with it. (also likely due to the current recovery in strength on the DXY) Similiar to the BTCUSD, there could be a brief consolidation/retracement on ETHUSD before a continuation lower to the 2300 price level. However, if the price retraces back into the previous range, ETHUSD could again be stuck in the August range.Shortby JinDao_Tai5
ETHEREUM VERY RISKY LONG| ✅ETHEREUM is set to retest a Strong support level below at 2510$ After trading in a local downtrend from some time Which makes a bullish rebound a likely scenario With the target being a local resistance above at 2611$ LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx112
Possible ETH Recovery Yea ETH is getting dummied and chewed up all over the timeline and on the charts. It is still underperforming BTC and SOL. However, amidst all the FUD it has an ETF and some diehard users. ETH likes to die, come back to major support, then slowly grind higher. The market is a discounting mechanism for participation. Everyone wants to sell ETH or short it and I don't see or hear many ETH bulls nowadays. This leaves a strong asymmetric opportunity for the bulls if there are any left. A move down to take out longs SL below 2500 and push to 2300 is not out of question but this fractal from JAN 2024 sums up my idea on where ETH might head towards in the coming months. There is a lot liquidity at the major sell off levels that typically gets tested or filled. ETH is in a major downtrend no doubt and the berus are winning. But something has to give and right now the RR is skewed far more towards the longs and bulls imo. Longby bhx102
Textbook long idea on ETHUSD based on Elliot Wave !ETH appears to have completed a textbook 5-wave impulse pattern, followed by an ABC corrective wave. This structure suggests the current move is a running flat, which implies prices are likely headed directly towards $3,000 from here. Key points: - ETH has traced out a clear 5-wave impulse pattern, followed by an ABC correction - The corrective pattern is likely a running flat, a bullish continuation pattern - Expect ETH to surge towards $3,000 as the running flat plays out - Use $2,500 as the stop loss for this bullish trade setup Overall, the Elliott Wave structure points to significant upside potential for ETH, with $3,000 as the next major target. Traders can look to enter long positions with a stop loss at $2,500 to capitalize on this bullish forecast. Of course, always conduct your own due diligence and risk management when trading.Longby SabahEquityResearch117
Flight number 798 !It's amazing, the repeating time pattern in the Ethrum chart surprised me, all the ups or corrections are repeated very precisely and regularly. Will this beauty be repeated this time? The magic number is 798 !Longby talarefloya2
Ethereum MTF Technical AnalysisEthereum is now trading at 2600$ and this month saw a lot of volatility but mainly bearish as price when from above the 3000$ level down to the exact 0.236 fibonacci level at 2130$. The august monthly candle is printing a long lower shadow and the close above or below the 24 months EMA will be crucial to indicate a global trend. It will be 3 bearish candles in a row, which has been the maximum over the last 4 years although we saw a 7 months in a row decline back in 2018. On the weekly, price is still trading above the 200 MA which is acting as support meanwhile the 50 MA is a good indicator of the current trend: a close below is often bearish in history. Globally, price is consolidating with higher lows since May 2022, however we are still not seeing a new ATH since the 5000$ ETH in late 2021. On the Daily, the start of the month decline printed a death cross between the 50 and 200 MA, at a low angle though. Since then, price recovered a bit and oscillators remain bearish. The Bollinger Bands are indicating a consolidation which is often preceding a huge move. The 4 hour chart is more interesting though. We can better see that ETH is trading in a range / horizontal channel. The Stoch RSI is indicating that price is currently oversold. Price is likely to bounce on the lower line of the channel, and a breakout below would be catastrophic for the bulls. In conclusion, indicators are currently bearish on most timeframes, although still bullish on the very long term (monthly+) as long as this month closes above the moving averages. The next targets for the bulls would be 2800$ then 3100$, and for the bears 2500$ before 2136$.by cyatophilum7
ETHUSD - Breakout from either divergence to set short term trendThe fate of ETHUSD in short term lies in break out from either of the two divergences printed on MACD. I think bearish divergence is more strong and will prevail. In such scenario price will break down from immediate support zone where we have bullish divergence and will then likely reach the next support zone. In case we see price breaking out of resistance zone where we have bearish divergence, then price will continue with its trajectory to reach next resistance zone. Lets see what transpires.Shortby marazzaq62Updated 4
ETHUSD- Long positionhello traders ETHUSD chart on 1h time frame. Looks pretty good. Bullish divergences are playing out and we are getting a successful breakout of the resistance. Enter long position now. The target:2829 usd Good luckLongby vf_investmentUpdated 7
ETH: Keep it simple hereVery simple set up here, hold 2'700 area and go to 3k, lose it and go to 2.4k. The rest is noise. by RF_Trading113
ETHUSD - OUTLOOKCurrent outlook on ETHUSD I expect dollar to slowly begin it's recovery, This is my expected technical view on ETHUSD "May fortune attend thee, and thy trade prosper." .......L2Earned"Shortby L2EarnedUpdated 2211
HODL $OM and $MANTRAIf you're not bullish on #RWAs and #MANTRA, you need to do some homework. Market's been wild, but smart money's accumulating the projects with solid fundamentals. FWB:30M NASDAQ:OM staked in last 24hrs which clearly shows that whales are accumulating more and more. 36% of NASDAQ:OM circulating supply is now staked by Sherpas. Over 300M staked in total. If you're thinking of selling, ask yourself - do you really want to be on the wrong side of this? HODL AND CHILL. Longby Eoin_bell482
Ethereum Analysis: Bullish Momentum Faces Key Resistance Ahead The technical outlook for Ethereum remains optimistic, driven by the recent breakout and the sustained upward momentum within the ascending channel. The key focus for traders and investors will be whether Ethereum can overcome the impending resistance at 4,400 USD. A successful break above this level could propel the price toward new highs, potentially setting the stage for a continued rally. However, caution is warranted as Ethereum approaches this critical juncture. If the price struggles to break through the 4,400 USD resistance, a pullback could occur, possibly testing lower support levels. Potential Scenarios: Bullish Scenario: If Ethereum manages to break above the 4,400 USD resistance, it could trigger a surge toward the next major resistance at 5,200 USD. This move would further solidify the bullish trend and attract more buyers into the market. Bearish Scenario: On the other hand, if Ethereum fails to breach the 4,400 USD level, it may face a pullback, with the 2,134 USD support zone coming into play. A break below this support would challenge the current bullish outlook and might lead to a deeper correction. Strategic Recommendations: For Traders: Consider entering long positions on pullbacks toward the 2,134 USD support level, with a tight stop-loss just below this zone. Target the 4,400 USD resistance as the first milestone, and look for potential gains if a breakout occurs. For Investors: Holding existing long positions is advisable, as the overall trend remains positive. Consider adding to positions during any dips toward the 2,134 USD support level, as this area has consistently demonstrated strong buying interest. Conclusion: Ethereum's bullish momentum is evident, but the journey ahead hinges on its ability to conquer the looming resistance at 4,400 USD. The market is at a critical inflection point, where a decisive move in either direction could set the tone for Ethereum's next significant trend. Traders and investors alike should remain vigilant, balancing the potential for further gains with the risks of a possible pullback.Longby MarketIndexTrader0
ETHUSD#ETHUSD - H1 📣 Analyzing the 1-hour timeframe, a break below the accumulation pattern's lower boundary at 2595 could lead to a price drop towards the 2490 area. ⛔️ Stop Loss: 2685 On the other hand, a break above the 2685 level could indicate a potential rise towards the 2800 area. ⛔️ Stop Loss: 2595by FXSMARTTUpdated 227
Essential for Bitcoin investment(8/26-9/1)Essential for Bitcoin investment, this week's heavyweight events first look (8/26-9/1) Powell's speech at the annual meeting of global central banks in Jackson Hole made it clear that the Fed will cut rates in September, and there is now a greater consensus for a 25Bp cut, and there is also the possibility of a 50Bp cut if economic data is under pressure this month. The clear promise of a rate cut brought a lot of confidence to the market, and the major cryptocurrencies rallied, but the subsequent trend is still highly uncertain. There are several important economic data this week, as well as speeches from key figures, the core of which still revolves around the Fed's September rate cut. Also of note is Russia's cryptocurrency bill, as crypto begins to make its way to the big stage. 🌟 Heavyweight events this week: 8/27 Tuesday 💼 2024 FOMC Voter and San Francisco Fed President Daley Speaks 8/28 Wednesday 💼 Fed Governor Waller speaks 8/29 Thursday 💼 U.S. initial jobless claims for the week 💼2024 FOMC Voter and Atlanta Fed President Bostic speaks on economic outlook 8/30 Friday 💼 U.S. core PCE price index annualized rate for July 💼U.S. final University of Michigan consumer confidence index for August 💼2024 FOMC Voter and Atlanta Fed President Bostic speaks on monetary policy and economic outlook 💼Russia to begin enforcing digital currency cross-border payments law and crypto mining legalization bill 📌 Crypto Market Outlook: Markets have rallied, spurred by expectations of a rate cut, and confidence has been restored as IVs continue to fall across all major terms. As we mentioned last week, short to medium term IVs will drop another notch regardless of the outcome of the annual central bank meeting. IV is currently slightly below average and remains under downward pressure this week. ETH continues to slump after the Cancun upgrade, now Gas is below 0.8 Gwei, ETH consumption is massively lower leading to a deflationary flywheel failure, and at the moment there is no chance of a rebound in the ETH exchange rate, with the bearish ratio spreads being very good value for money. 📌 crypto interest rate market, Bitfinex interest rate market is relatively calm, encountering the right interest rate orders can be actively traded, especially when there is a market worthy of special attention.Longby Greeks_live2
ETHEREUM Bearish Biased! Sell! Hello,Traders! ETHEREUM is trading below the Horizontal resistance level Of 2900$ and will soon retest After that a local bearish Correction will be expected Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals111
Ethereum Ready To Rip?Eth is a staple to the crypto industry and doesn't require much analysis to assume up and to the right... The question is when and where. Currently looking at the weely chart we can see out wave trend oscillator is showing momentum to the down side is slowing as price has come down to out main up trend and the last major support resistance flip. Current trading plan is resume in the long direction targeting a 1.5 expansion of the previous bull run high to bear market low range around 10-12k. Our trend time technique has tracked to the week on both btc and eth this cycle. Regardless of direction change should be expected in mid october and may 2025 IF the same continues. Trade Well... Your Friend, DegenLongby Degen-Dynasty223
ETH Accumulating possible breakout (Very Bullish) Ethereum is still in the liquidity zone, but there is good news, first of all is that it has stayed in that zone for several days accumulating. Second, ETH has shown a lot of strength over the last 3 days, reaching up to $3,700. And the best part, as you may have seen in my Bitcoin analysis, is that the price is close to making a strong bullish move. This suggests that ETH and other coins will also gain strength and move in a bullish direction. The key for Ethereum is to wait for it to break out of this downward channel. I believe it has been following a bearish sequence for a long time, but these last few days have been very positive as Bitcoin starts to gain momentum, and we are also seeing ETH begin to gather volume and buying pressure. We will be keeping a close eye on the market in the coming days. Thank you for following and supporting my analysis; we have been predicting every price movement according to a positive forecast. Best regards.Longby RocketMike1112
ETHUSD Potential ShortHI Traders. We see Ethereum had a clear bearish impulse. Right now we are in a correctional structure and near a strong resistance zone. on the LTF we see that a potential HnS is forming. But this is not conformation enough. Wait for a clear impulse out from the correctional structure followed by LFT correction to confirm the sell set up!!!! Shortby ltdcrack88112
ETH-USDT 1D Interval ReviewHello everyone, I invite you to a quick review of the ETH pair to USDT chart, taking into account the interval of one day. As we can see, the price is moving along a locally formed upward trend line. Currently, we can see how the price approached the resistance level at $2,843, then resistance at $3,010, then resistance at $3,251, and then very strong resistance at $3,569. Looking the other way, support is visible at $2,550, the next support is at $2,383 and then there is support at $2,112.by cryptodailyuk1
LFG OMBig news! Did you hear about NASDAQ:OM ? ▪️ 5000% gain this year ▪️ BlackRock invested ▪️ 38% of coins locked up ▪️ 19.9% APR on Binance Real stuff, real value. That's what NASDAQ:OM brings to crypto. #MANTRA #Bullish #BlackRock by Eoin_bell481
ETHEREUM RESISTANCE AHEAD|SHORT| ✅ETHEREUM is set to retest a Strong resistance level above at 2900$ After trading in a local uptrend for some time Which makes a bearish pullback a likely scenario With the target being a local support below at 2700$ SHORT🔥 ✅Like and subscribe to never miss a new idea!✅Shortby ProSignalsFx115