ETHUSDTIt looks like due correction in crypto market is done.
Currently ETH is retesting the broken support level which also coincide with 50% fib correction.
Is ETH going to dive again?
ETHBULLUSDT trade ideas
ETh → a high timeframe analysishello guys!
the news forced the price dump!
1. Double Top Completion:
- Description: The double top pattern projected a target of $2,100, which the price has successfully reached. This indicates that the bearish move triggered by this pattern has played out.
- Outcome: Since the target has been met, the selling pressure may decrease, and we could see consolidation or a potential reversal.
2. Current Support Zone:
- Description: The price is now hovering slightly above $2,100, at around $2,280. This area could act as a new support zone, especially since it aligns with the long-term upward trendline.
- Outcome: If this support holds, the market may enter a consolidation phase, with potential for a bullish reversal if buying pressure increases.
3. Next Potential Move:
- Bullish Scenario: If the price continues to hold above the $2,100-$2,280 support range, and if it breaks above the nearby resistance zone ($2,500-$2,700), it could signal the start of a new upward move, potentially targeting higher levels like $3,000 or beyond.
- Bearish Scenario: If the support around $2,100 breaks, the price might test lower levels. The next significant support could be around $1,800, which was previously highlighted as a strong support zone.
Summary:
- Completion of Bearish Move: The target of $2,100 being hit marks the completion of the double top pattern's bearish move.
- Critical Support Level: The $2,100-$2,280 zone is now a critical support area to watch.
- Market Direction: The next direction will likely depend on whether the price can hold this support and break above resistance, or if it will fail and move lower.
Traders should monitor these levels closely to gauge the market's next move.
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ETH scalp - August scalping journey trade Nr. 5Late night session not over yet. Want to bid this FVG on ETH. Looking for the demand or the FVG to hold. Target is yet to be announced but MDay-H range is a good target. Let's see what we get.
Analysis of the Chart:
Fair Value Gap (FVG):
The 30-minute Fair Value Gap (FVG) is a key zone of interest. This area represents a price imbalance that the market may revisit to fill, providing a potential entry point.
Demand Zone:
Just below the FVG, a 30-minute demand zone is identified. This area signifies strong buying interest that could act as support and push the price higher.
Break of Structure (BOS):
Multiple Breaks of Structure (BOS) are highlighted, indicating critical points where the market trend shifted from bearish to bullish. These BOS levels provide additional confirmation of the market's directional bias.
Volume Weighted Average Price (VWAP):
VWAPs are used in the chart instead of moving averages. VWAPs help to identify the average price weighted by volume, providing dynamic support and resistance levels.
The target is yet to be announced, but the MDay-H (Midday High) range is considered a good initial target. This level represents a previous significant high, providing a logical area for the price to aim for.
ETH - Bullish From Here!BINANCE:ETHUSDT has experienced a deep retracement to a higher timeframe support. Im expecting price to find bullish momentum here!
#ETH reaches the staged resistance zone📊#ETH reaches the staged resistance zone✔️
🤷Unfortunately, the rebound occurred before the most ideal buying area was reached, which means that we missed the opportunity to rise in this period.
🧠It is impossible to chase the rise at present, because we have reached the stage resistance zone and there is an expectation of a correction, so if you want to be bullish, you have to wait for a period of correction before considering it.
➡️If we can get support back near the neckline, then we can try a long trade.
Let’s see 👀
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BITGET:ETHUSDT.P
Eth short to $2245 TodayJust entered eth short.
Target 1 $2309
Close at $2245
Market overall is still trending down, the odds are in my favor, just a matter of timing the entries.
ETH updateETH - Here is the 1st Line (cluster) of Resistance.
All Crypto Market is in Bounce mode, so I expect it'll be hit.
GL
ETH longI think most people want rapid growth, expecting it - it is logical to throw such people out of the market. Therefore, taking this into account, my entry will be on a rapid impulse drop, I will place pending limit orders and wait for the performance
Eth 1h Chart analysisEth 1h Chart analysis
According to breakout strategy Eth will soon hit 2820 $
cheers support my idea
Bullish
2024-08-08 ETHUSDT
The current market trend is volatile, and we can consider the range of 2000-2900 with high levels and low levels. Do not do it in the middle of 2500.
ETH looks still bearishEthereum is constantly making lower H's and L's. The larger structure is bearish as you can see.
You can look for sell/short positions in the premium range.
We are looking for sell/short positions in the supply range.
Closing a daily candle above the invalidation level will violate the analysis.
Note that the financial market is risky, so:
Do not enter a position without setting a stop and capital management and confirmation and trigger.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
ETH/USDT 1-day chart update:! ETH/USDT 1-day chart update:
ETH has broken below a crucial support level, indicating potential further declines.
The price is close to a crucial ascending trendline, which could act as
a bounce back with potential resistance around $2,800 if the trendline holds.
If the trendline fails, the price could drop to around $2,000.
Monitor trading volumes to gauge the strength of the current move.
Check RSI levels for oversold conditions, which could signal a potential reversal.
Traders should remain cautious and keep an eye out for any signs of trend reversal or continuation.
Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
We Could See Another Leg down Toward a 2200$ And 2000$📉 At 20min Timeframe Rising Wedge Formed At The Chart Which Tested Fourth Times ,So At This Point Better To Be More careful Because We Could See Another Leg Down Toward a 2200$ And 2000$ ,Invalidation Of This Analysis Is Any Breakout From 2650$
ETH: Bears May Push ETH To 2000ETH: Bears May Push ETH To 2000
ETH just confirmed a rising wedge pattern thus signaling the probability of further price declines.
If the price follows the pattern, we may see ETH testing 2000 as shown on the chart.
Targets:
🎯 2330
🎯 2185
🎯 2000
You may find more details in the chart!
Thank you and Good Luck!
Support with a like and comment ❤️
ETHUSDT.1DIn my analysis of the Ethereum (ETH/USDT) daily chart, I've identified key technical elements that are crucial for understanding the current market dynamics. Firstly, it's important to note the failure of the Ichimoku calculation, which may necessitate reapplication or adjustment for a clearer analysis.
The Moving Average Convergence Divergence (MACD) shows a strong bearish momentum, indicated by the significant separation between the MACD line and the signal line, with the histogram trending downward. This suggests that the selling pressure has been increasing, potentially leading to further declines if not reversed soon.
The Relative Strength Index (RSI) is currently at 37.42, which is below the midline of 50 but not yet in the oversold territory (below 30). This positioning indicates that while there is bearish momentum, there might be room for further downward movement before the market is technically considered oversold.
From the price action, we observe that ETH has recently broken below the support level at $3,043, now acting as resistance (R1). This breakdown could signal a continued bearish trend towards the next support level (S1) at $2,126.90. If this level fails to hold, the decline could extend further, potentially testing much lower supports.
For potential recovery scenarios, ETH would need to reclaim and stabilize above $3,043 to alleviate immediate bearish pressure. A move above this level could open the path towards the next resistance at $4,105.80 (R2). However, given the current market conditions indicated by the MACD and RSI, such a bullish reversal might require significant volume and positive market catalysts.
In conclusion, the current technical setup suggests caution for ETH traders, with an emphasis on monitoring the $2,126.90 support level closely. A break below this could lead to significant losses, while a recovery above $3,043 might signal a short-term bullish reversal. As always, it's crucial to consider external market factors and news that could influence price movements beyond what technical indicators alone can predict.
ETH long 15mWe are in the reversal range, so locally you can consider such a trade, the ratio of 1 to 15 looks quite good
Reflection on Friday, July 12, 2024If you concur with my analysis, you'll join me in shorting ETH at around 3300, anticipating a price of 2400. If you agree, consider taking this approach.
If you do take this approach and recognize the value of seizing a trading opportunity, be sure to come back and support it with a like.
Ethereum Getting Closer To A Big Move!As mentioned in today's live session and post, I don't expect Ethereum to stay at the current level for much longer.
The 1H chart shows a clear pattern that is about to break during the next hours. However, it is currently hard to forecast whether we will break up or down.
A bullish breakout should send ETH to the 2.8k resistance, while a bearish drop might push ETH to the 2.1 level.
Overall, the market recovery seems to be losing some steam at the moment. Bitcoin, for example, printed some reversal candles on the 4H chart, too. Accordingly, the probability of a break to the downside is higher.
However, with the U.S. markets opening in two hours, we could see a bullish impulse, too.
Therefore, I would remain VERY cautious when entering new trades at this level!
Ethereum shortEthereum bounced down off the resistance area. Asset broke trough the ascending trendline. Bearish movement to support level at 2200 is expected to happen.
ETH/USDT analysis and potential forecastThe recent candlestick with the large volume is a long red candle followed by a smaller green candle, which is a sign of potential short-term bottoming. However, this needs to be confirmed by further price action in the coming days.
The chart shows a significant spike in volume on the recent large red candle, which indicates a strong selling pressure. This suggests a potential capitulation or panic sell, followed by a slight recovery.
Decision Making:
For Holders: Given the higher probability of an upward movement, holding ETH might be a favorable decision, but the presence of a significant downward risk suggests that setting stop-loss orders or partial profit-taking strategies could help manage risk.
For Potential Buyers: The data suggests a favorable probability for entering a position, especially if you are prepared to handle potential short-term volatility.
ETH/USDT analysis and potential forecastThe recent candlestick with the large volume is a long red candle followed by a smaller green candle, which is a sign of potential short-term bottoming. However, this needs to be confirmed by further price action in the coming days.
The chart shows a significant spike in volume on the recent large red candle, which indicates a strong selling pressure. This suggests a potential capitulation or panic sell, followed by a slight recovery.
Decision Making:
For Holders: Given the higher probability of an upward movement, holding ETH might be a favorable decision, but the presence of a significant downward risk suggests that setting stop-loss orders or partial profit-taking strategies could help manage risk.
For Potential Buyers: The data suggests a favorable probability for entering a position, especially if you are prepared to handle potential short-term volatility.
ETHUSDT - UniverseMetta - Analysis#ETHUSDT - UniverseMetta - Analysis
Clear boundaries of the sideways trend in which the price has been since March are visible. There was also a withdrawal of liquidity from the February lows. You can try to add an asset to your portfolio. For speculative positions, we can consider H4, the formation of a 3-wave structure in continuation of the upward movement, to the upper border of the sideways trend. If the price fixes above the border and retests the level, it will be possible to consider purchases with a target of 6084. To cancel the idea or purchase additional assets, it is better to consider a breakout of the nearest minimums.
Target 3700 - 6084
