EtheusdEtherum in danger zone however bright future in horizon . Targets in analysis . Becarful of false breakdown
ETHUSD.P trade ideas
Bitcoin Investment Essentials(10/28-11/3)A Sneak Peek at This Week's Big Events (10/28-11/3)
This week is a big macro week, Friday's non-farm payrolls and unemployment data is worth paying attention to, the last important economic data before the election, the Fed officials almost no speech arrangements this week.
The election is gradually approaching, the market's attention to this election is lower than expected, but the election is still very uncertain, the election cycle rights of the IV is still relatively firm.
🌟 Heavyweight events this week:
10/30 Wed.
💼 US October ADP Employment (20:15)
💼 US Q3 Real GDP Preliminary Annualised Quarterly Rate (20:30)
🌟 Binance Blockchain Week
10/31 Thursday
💼 Bank of Japan releases interest rate resolution and outlook report
🌟 US core PCE price index for September (20:30)
💼 US initial jobless claims for the week (20:30)
11/1 Friday
🌟 US Unemployment Rate for October (20:30)
🌟 US Non-Farm Payrolls for October (20:30)
💼 US October ISM Manufacturing PMI (22:00)
💼 Apple reports earnings
📌 Crypto Market Outlook:
The crypto market had a poor week, with BTC failing once again to hit new highs, and other coins falling even more sharply, as the US election seems to have failed to bring more to the crypto market. Bitcoin's short and medium term IVs are currently at low levels, generally below 40%, but with IVs elevated to 60% for election week, the election is the only trading opportunity in the near future.
📌 In terms of the crypto rate market, the Bitfinex rate market has been relatively flat lately, with occasional 20% high interest orders, and it is worthwhile to trade aggressively when you come across the right rate orders, especially when there is a market to pay special attention to.
ETH will push higher!In our 15 mins. analysis, we expect the price to trade this imbalance and push below it before going up. As of now, focus on the sweep of internal liquidities within this range for possible sell, and buy set-up. Happy trading!
Disclaimer:
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Make $ETH great againBINANCE:ETHBTC Bottomed and bounced
CRYPTOCAP:ETH needs a lot of catching up relative to how much CRYPTOCAP:BTC has pumped.
Strong reaction after sweeping off the lows.
Ethereum (ETH/USD) Approaching Key Support Levels In the 4-hour chart, Ethereum's price is moving within a converging pattern, with the recent bounce off a key ascending trendline support around $2,373. This area has served as a significant support level previously, preventing further declines. Currently, ETH is trading near $2,501 and faces immediate resistance from the 20, 50, and 100 EMAs (Exponential Moving Averages), particularly around $2,550.
Key Observations:
Ascending Trendline Support : The trendline has consistently held Ethereum’s price, indicating strong buying interest near this level. A break below could lead to further downside toward the next support zone around $2,200.
Resistance Zones: ETH faces notable resistance between $2,661 and $2,750, marked by a horizontal red zone. This area aligns with previous swing highs and the 200 EMA, making it a key level to watch for potential upside.
RSI Divergence: The RSI (Relative Strength Index) shows a bullish divergence, suggesting that selling momentum is weakening. This could indicate a possible reversal if price action aligns with a breakout from immediate resistance.
Volume Analysis : Volume levels have been relatively stable, but any increase in buying volume near current levels could strengthen the potential for a breakout toward the resistance levels.
Conclusion:
Ethereum is at a critical juncture between ascending support and overhead resistance. If bulls manage to push the price above $2,661, it may open doors to test $2,750 or even higher. However, failure to hold the $2,373 support could result in further downside toward $2,200. Traders should watch volume and RSI for confirmation signals.
ETH Potential Reversal!After sweeping a lot of resting liquidity, the price may change its delivery. Happy trading!
ETH UP!In 15M, the price has taken some minor Buy-side liquidity and the deliver the price towards the spooling sell-side liquidity. Wait for the sweep in SSL and look for confirmations of potential buy set up. Happy trading!!
ETHUSD (Short idea)Ethusd broke a weekly candle structure indicating a possible short will wait to enter in a short for this one taking a 1:4 RR. This is not financial advice
Happy trading
IAM
ETH UP!In M15 analysis, waiting for the price to take sell-side liquidity before reversing on our POI. Watch for price change in delivery and look for price imbalance retest before go long. Happy trading!
ETHUSDComplete count for ETHUSD.
If ETHUSD has bottomed on 5 August, I think this is how you have to count it.
The truncation would be unusual, but I think that is the only way to get a complete impulse from June 2022 bottom.
Price bounced off of .618 fib on 5 August and has held within pitchfork ever since.
Lots of room to run if bulls can take price towards median line of pitchfork.
Ascending Channel 101There are kids on trading view claiming with absolute certainty that ETH is bearish. They may be right, but only after breaking down below the support level, which price has held onto pretty good so far. A wise man once said: sell the resistance, buy the support. There are people on this app spreading propaganda to convince you to sell when price is playing with support. As I said, price could be bearish, but only after the structure breaks and the support level does not hold. The chart you see is very simple and rudimentary, but at the same time it warns you of the dangers and risks you are facing without confusing you.
ETHUSD: Bullish Bias with 58.65% Probability of Hitting TP1I'm feeling bullish on ETHUSD and looking to take some long positions.
My approach is all about using probabilities based on solid math and historical data from my charts.
Why probabilities?
They help me make smarter decisions by showing how often certain price levels have been reached in the past. This gives me a clearer idea of where I might want to enter and exit trades.
By analyzing past price movements, I can build my confidence in this trade and keep emotions in check.
With a 58.65% probability of hitting TP1, this setup looks like a great opportunity to ride the potential upward movement in Ethereum!
12M:
2W:
1H:
for more information check out my BIO!
ETH/USD HUGE UPDATE ON PROGRESSSO far its going exactly as predicted we are looking for it to bounce off support trend line.....NOT FINANCIAL ADVICE.
Eetherum Analysis 🟡Eetherum🟡
🔵 The antique is a struggle to withstand the support areas near the Moving average levels. We only need to penetrate the trend to visit $ 3450
🔵 For negativity, breaking the terrad and moving average will record the prices and will be updated later.
ETHUSDT.PHello traders,
The price of ETH on the 30-minute time frame is just above the 50 EMA, but the MFI is in oversold territory and volume is low. We must be cautious and wait for the correct entry signal.
For now, we will wait for confirmation.
ETHEREUM: This is how it can reach 2900.Ethereum is trading inside a Channel Up since September 06 and today's correction came very close to its bottom.
The 4h RSI turned 23.50, extremely oversold, which is the level it hit on October 02, close to the previous bottom.
Even if the price drops some more, this is still a low risk/ high return buy opportunity.
Buy and target 2900 for a new Higher High on the Channel Up.
Relevant chart:
Follow, Like, Comment below!
ETHUSDHere's ETHUSD possible move.
We can look for long from current level with 25% entry thats 2500$ area and second 25% if entry at 2450$ with trailing Stop loss below 2435$
Manage risk accordingly and don't take over leverage trade🚫
Happy trading
ETHUSDT.P Hello dear traders,
As we can see, the price of ETH is dropping quite fast. Since we're utilizing a **long-only trading system**, this isn't our moment to act, but it's a good time to observe and patiently wait for the next opportunity. While the market trends downward, it’s crucial to remain disciplined and avoid reacting impulsively.
We may soon see signs of **price consolidation** or a **reversal pattern**, which could present an excellent entry point for us. Keep a close eye on key support levels—if BTC finds a solid base, we might get an opportunity to catch a rally back up. Also, monitoring other indicators like **volume spikes, RSI**, or **moving averages** can help signal when momentum starts shifting in our favor.
In the meantime, let's stay calm, prepared, and stick to the strategy. Patience is key in volatile markets like this. When the time comes, we’ll be ready to take advantage of the opportunity.
The Final Dip? Spotting Opportunities for $ETH's Next Run!Is This the Last Dip Before a Major Upswing?
That’s the burning question on everyone’s minds as CRYPTOCAP:ETH seems to be lagging behind its crypto counterparts.
However, there's a silver lining on the horizon. CRYPTOCAP:BTC is showing bullish signals, and as we all know, Bitcoin is the heartbeat of the crypto market—its movements often set the tone for everything else.
On the fee front, we’re witnessing a welcome trend: costs within the CRYPTOCAP:ETH ecosystem are dropping. This could be the spark that reignites enthusiasm and activity. Yet, technically speaking, CRYPTOCAP:ETH must break above the $2800 mark to leave the uncertainty zone behind.
For now, we’re making a calculated bet that CRYPTOCAP:ETH will carve out a higher low on the daily chart. The goal? To decisively breach that $2800 level and flip the narrative to a fully bullish stance on the CRYPTOCAP:ETH ecosystem.
In my view, $2400 should act as the low for this retracement. If it dips further, I’ll consider cutting my losses. I’ll keep a close eye on the price action, ready to manage my position manually once we start trading in my buying zone of $2500-$2400.
Let’s see where this journey takes us!
Ethereum's Weakness Reveals Crypto Market Bearish BiasBitcoin produced an inverted correction from 5-August until 21-October and hit as high as $69,500, right below the $70,000 level from which the 29-July major crash developed. Ethereum on the other hand remains super weak.
Ethereum's weakness reveals a bigger bearish bias across the Cryptocurrency market.
Ethereum's latest pull-back produced a minor recovery compared to most projects, and most Altcoins move in the same way. The fact that Ethereum remains super weak reveals what comes next.
We also looked at Kaspa (KASUSDT) and showed how it moved below its 5-August low recently, indicating that the rest of the market will do the same and this pair moved ahead.
The situation with ETHUSDT is something similar. The fact that it is very far from the last major high and no signals of new All-Time Highs reveals what comes next. There is no scenario where Bitcoin moves to $74,000 while Ethereum crashes to $1,000, correct?
The fact that Ethereum is weak reveals that the others are set to meet Ether soon.
Ethereum is trading 37% below its March 2024 high.
Bitcoin was only less than 7% away from its ATH.
It is not like Ethereum will remain down while the rest of the market will rally, instead, we can say that Ethereum is moving ahead.
Bitcoin will crash and meet similar levels to Ethereum soon, the same for SOL, RAY, BNB, TRX and the rest.
Prepare for the last major crash before the 2025 bull-market.
There will be some consolidation after the low is hit before the starts of the next bullish wave.
We have some reckoning to do, but all will be good in a matter of months.
Do not be distracted, the correction is not yet over, we are expecting one final, massive drop.
Visit the 'Related publications' below for all the best SHORTs. A way to protect capital while the correction unfolds.
We also have LONG spot trades for all the Altcoins that are going up.
Thanks a lot for your support.
Namaste.
ETH BROADER TECHNICAL ANALYSIS AND TRADE PLANPrice Movement
The chart shows that Ethereum (ETH) has been moving within a descending trading channel after an earlier uptrend. The channel is well-defined by a series of lower highs and lower lows.
The descending channel extends from around early 2024 and continues through the current period. The price seems to be consolidating after bouncing from the lower boundary of the channel.
Current Price Action
Ethereum is currently trading at $2,582.26, down by 1.50% at the time the chart was captured.
The recent movement shows a potential double bottom near the lower channel support, signaling a possible end of the downtrend.
The price is at a critical juncture, as it appears to be breaking out of the short-term resistance within the channel, hinting at a possible reversal or continued sideways movement.
Descending Channel Structure
The chart highlights a descending trading channel where price has respected the upper resistance and lower support levels multiple times, indicating the reliability of this structure.
The channel also shows that while Ethereum is in a corrective phase, it still holds the potential for a significant bullish breakout if the current trend continues.
Technical Indicators:
Waveform Cipher shows a potential bullish divergence at recent price lows, which indicates momentum for a potential upward move.
ASL (Advanced Stochastic Line) and HMA Histogram show mixed signals, but the overall sentiment from these indicators points toward a bullish setup in the coming days.
Stochastic RSI suggests that Ethereum is currently in an oversold condition, increasing the likelihood of a rebound.
The technical setup with momentum indicators and divergences indicates a potential for a price breakout upward, possibly leading toward the top of the channel.
Price Targets:
Immediate Resistance: The next resistance level is located around $2,750 - $3,000, near the mid-point of the channel.
Upper Channel Boundary: The top of the channel is situated near $4,000, a key psychological and technical resistance level.
If ETH breaks above this channel, the next major target would be $4,250 - $4,500, indicating a full recovery of the downtrend and a continuation of the broader uptrend.
Key Support Levels:
$2,400 is acting as immediate support, which aligns with the lower boundary of the descending channel.
If Ethereum breaks below this level, the next major support lies near $2,200 - $2,000, which is a strong historical support zone.
Trading Plan for Ethereum (ETH)
Current Market Position:
Given the technical analysis, Ethereum appears to be at a critical level within the descending trading channel, with the potential for a bullish breakout. The recent consolidation near the support line suggests an opportunity for a medium-term bullish trade.
Entry Strategy:
Buy Zone: Enter a long position between $2,550 - $2,600, once confirmation of a bullish reversal or breakout is evident (preferably on increased volume or further confirmation from momentum indicators like RSI/Stoch).
Risk Management: Place a stop-loss at $2,400, which is slightly below the channel support and key psychological level. This mitigates downside risk in case of a bearish breakdown.
Take Profit Targets:
First Target: $2,750 - $3,000 – This is the mid-point resistance of the channel. Partial profits should be taken here, securing gains while allowing the remaining position to run.
Second Target: $3,500 - $3,750 – Full break of the channel with increased momentum can take ETH to this level. This is a key level to exit most of the position or lock in more profits.
Stretch Target: $4,000 - $4,200 – Ultimate price target based on the potential bullish reversal. If price approaches this level, full profit-taking is advisable as it would hit the channel’s upper boundary and a significant resistance area.
Alternative Plan (If Breakdown Occurs):
Short Position: If Ethereum breaks below $2,400, consider shorting ETH with a target toward $2,200 - $2,000 as a corrective phase could push ETH lower. In this case, place a stop-loss at $2,500, just above the breakdown level.
Position Sizing:
Risk only a small portion of your capital (e.g., 1-2%) based on the calculated stop-loss level to ensure risk management and preserve capital in case of invalidation.
Ethereum is at a pivotal point within a descending trading channel. Current indicators suggest the possibility of a bullish breakout, but risks remain due to the general downtrend. The trading plan focuses on a conservative entry with clear stop-losses and take-profit levels to manage risk.
ETHUSD Testing Key Support for Bullish ContinuationHello,
BITSTAMP:ETHUSD is currently testing both the weekly and daily pivot points. If these levels hold as support, we could see an immediate upward movement. In the longer term, the price remains positioned for a bullish continuation, though there might be a retest of support around 2602.496 before the bulls take control again.
For deeper insights into pivot points and technical analysis, you might want to explore more advanced resources on market trends and price action strategies. "Technical Analysis of the Financial Markets" by John Murphy could be an excellent place to start!
TradeWithTheTrend3344
What's Next For ETH, Important Factors To KnowAfter seeing some sentiment across the wires regarding a growing number of holders in ETH, the positive side case does seem increasingly important.
Recent price action has suited a sideways 'uncertain' market, which also comes in despite of further 'Risk On' sentiment out of the FED which typically causes further inflows.
This particular Crypto Asset mostly just awaits sentiment inflow (mass buying or selling). Until then, wise to range trade.
