Ethereum - if opening a long position at the high risk- a big liquidity at the top
That's the plan so far.
If you have any thoughts, please share them with me in the comments.
ETHUSD.P trade ideas
ETH target 38004h time frame
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TP: $3880
SL: $3000
RR: 8.78
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(1) Potential double bottom is creating
(2) Left leg of double bottom mentioned above performed good support at 0.382 Fib projection
(3) This is an opportunity to add position for traders who followed previous trading plan
(4) $3880 is good to close "partial", not all, there is a higher target
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Previous analysis
ETHUSD buy at levelBased on the chart pattern wait for a pull back upto 3250 level then buy it simple trade for a long term trade
Ethereum / U.S. Dollar | Range Idea | Weekend Crypto SessionThe labels that are used are ment to draft and measure context to the price action involved and contain no rules-engaged notebook + applied-set up indicators, but an anvoiding interference to use other rules-engaged software to enhance in general, regarding to the watchlist and trade plan that is relevant to trade-on
Key indicators on Trade Set Up in general;
1. Push Set Up
2. Range Set Up
3. Break & Retest Set Up
# INTRADAY BIAS
- Time Frame Confluence | Sides Attraction
# POSITION & Risk Reward | 15 Minutes Time Frame
- Measurement on Session
* Retracement | 0.5 & 0.618
* Extension | 0.88 & 1
# POSITION & Risk Reward | 1 Hour Time Frame
- Measurement on Session
* 20 EMA
* 1000 EMA
* Retracement
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
ETH RETEST OF LEVEL BROKEN *I am in no way a financial advisor and you should always do your own due diligence before placing any trade. Do not trade what you are not comtortable with losing. No trade is guaranteed.
We had a massive drop in price on ETH and price never retested the area of structure after it was broken. When price breaks levels it has to retest so here we
want to take the bullish rally to the level broken and then wait for price to push off back to downside. Use proper risk management. Once price reaches the recent level broken we should see price reject from that area and back to downside next level down
ETHUSD - ETF greenlight retracement. Opportunity to buy Eth price dropped as ETFs came online. This is same as bitcoin ETF, prices will most likely drop until the point ETF fund managers decide it's a good spot to put big chunks of their client's money in.
Techinically speaking the bottom side of the current price range would be ideal. Expectation is for price to either continue fluctuating within this range or bounce right up in the near future.
Good luck.
eth very bulishEverything is ready for climbing, I don't say anything and just watch. Patience.. BINANCE:ETHUSDT COINBASE:ETHUSD
Ethereum is starting to recover ! check the structure pathEthereum is showing a lot of strength and recovery. Always trust and follow your plan !
On the daily timeframe we can see that it is following the path of the pullback we have marked on the chart. So far we are predicting very well, and it seems that the markets in general want to start changing direction.
Cheers and thank you for following my analysis.
my best regards
Launch of Ethereum ETF caused a 10% price drop?! For the fourth day, the news has been buzzing about the launch of Spot Ethereum ETFs (Exchange-Traded Funds). Everyone expected a huge influx of capital and that the price would skyrocket! On the first day alone, ETH-ETF surpassed $200 million!
But we didn't rush with the news, as in the meantime, the ETHUSD price dropped by 10%...
What happened?
Ethereum failed to hold above the critical support level of $3250, leading to a drop below $3150. This forced traders to reassess their strategies, considering the high volatility of the cryptocurrency. The simultaneous drop in Bitcoin and other cryptocurrencies further exacerbated investor uncertainty, prompting many traders to close their positions out of fear.
What factors are the loud media not considering?
Sell-offs by major holders: According to Farside Investors, on the first day of trading after the launch of the Ethereum-based ETF, the Grayscale Ethereum Trust (ETHE) lost $484.1 million. Farside Investors did not provide data on the iShares Ethereum Trust ETF (ETHA) created by Blackrock. However, according to the information published on the derivative's website, ETHA's capitalization level fell by $25,558 due to a 0.23% drop in share price.
Political uncertainty: For instance, the nominee for chairman of the Financial Services Commission (FSC) of South Korea, Kim Byung Hwan, urged the government to be cautious with the launch of spot ETFs linked to cryptocurrencies.
Everyone who wanted to buy has already bought: Some experts believe that since the 180-degree shift in the SEC's stance, all investors who wanted to buy Ethereum have already done so and hold ETH as an investment, primarily on the spot market.
However, FreshForex analysts believe that in the long run, Ethereum will inevitably rise. Once investors see real reasons for new purchases, not just the hype around the ETF launch, the influx of funds will stabilize and the price will start to increase. Currently, the price has fallen significantly close to the important psychological level of $3000, but a strong rebound has timely appeared. If you want to profit from future growth, buying at a lower price is a great entry point!
Don’t listen to the loud news, read the verified analysis from FreshForex, and profit with us!
ETH, buys here? Price is bouncing from the daily 200 ema after failing to trade below it. Looking for longs.
ETH to drop in the next 24 hours - bearish trend Following initial inflows on their first day of trading on Tuesday, the nine spot Ether exchange-traded funds (ETFs) have experienced outflows totaling $179 million over the subsequent two days.
The outflows are driven by more than $1.1 billion exiting Grayscale's incumbent Ethereum Trust, AMEX:ETHE , which was converted into an ETF on Tuesday. Its fee is over 10 times higher than that of the asset manager’s mini Ether ETF, CRYPTOCAP:ETH , which has seen inflows of $119 million over the past three days.
BlackRock’s ETF, NASDAQ:ETHA , leads the inflow ranking with $355 million in inflows over the past three days.
The price of Ether added 2 percent to $3,240 over the past 24 hours. Drizzle will linger over Ether in the next 24 hours, signaling slightly bearish market conditions, but, over a one-week horizon, Ether will see timid sun, which indicates a mildly bullish market.
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Potential bullish bounce?Ethereum (ETH/USD) is falling towards the pivot which acts as an overlap support and could bounce to the 1st resistance which has been identified as a pullback resistance.
Pivot: 3,068.18
1st Support: 2,879.57
1st Resistance: 3,373.99
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Ethereum - Again took resistanceEthereum again took resistance from my magical trend line :-) wait for bottom buy
$ETH LongCRYPTOCAP:ETH Bullish Idea
- Bouncing off weekly VWAP
- Breakout from downtrend
- Flipping daily supply
- ETH ETF will bring sidelined funds (in-flow)
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.
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.
#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 orange
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 futures
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
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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.
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.
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!" - TradingLab
