Compression reaching critical point soonPrice is compressing inside a triangle and a sharp move will soon happen Usually triangles are neutral figures without specific direction by balinorUpdated 2
ETH/USD at Critical Juncture:Overview: The daily chart provides a more granular view of the recent price action and highlights shorter-term trends and key levels for COINBASE:ETHUSD Key Technical Points: 1. Trendline and Channel Patterns: - The price is navigating within a smaller descending channel within the larger weekly channel. - A breakout from this descending channel could signal the start of a new bullish phase or continuation of the downtrend. 2. Fibonacci Retracement Levels: - The daily chart also respects the Fibonacci retracement levels, with the 0.618 retracement at around $3,700 acting as recent resistance. - The 0.5 and 0.382 levels at $3,121 and $2,820 respectively, are crucial for determining the next price direction. 3. Moving Averages: - The daily 50MA has been a critical level of resistance recently. The price needs to break and hold above this moving average to confirm a bullish reversal. - The daily 200MA is providing long-term support and is currently around the $2,820 level. 4. Volume Analysis: - Volume spikes have coincided with key price movements, indicating strong interest at critical levels. Conclusion The daily chart indicates a struggle with resistance around $3,121. A break above the 50MA and 0.618 retracement would confirm a bullish reversal. Support at $2,820 is key for maintaining the bullish outlook; otherwise, lower levels might be tested.by CryptoFallen3
Ethereum Calls For Patience... Better Prices Soon (Wait!)Believe it or not, I can feel you... I can feel your fears, your worries, your anxieties and your doubts. I can feel your need for guidance at this crucial time... That's good; I am here for you. 👉 Ethereum is going lower; plain and simple. I shall explain! What you see depicted on the chart is a bearish pattern. What just happened is a bearish move; a strong challenge of support. This support level, marked here with red lines, held nicely but still, ETHUSDT is set to move lower; why? After the 12-March peak the next peak (27-May) we have a lower high. That's all we need to know. The lower high indicates a lower low. Support holds but just became weaker and it will be challenged again... With the high volume coming in on the first try, the second attempt will take it down and if not the second, the third. But there won't be a third. The chart is showing a clear bearish bias, so buyers have to wait. If you are looking to buy, why not wait for the best possible price? If you are looking to go long, wait for the chart to tell you so. If you don't understand what I am saying, then the more reason for you to wait... Better prices are coming and once you get a better price, it is win situation... Think about it! Thanks a lot for your support. You are appreciated. You are a divine living being... You are eternal... Remember this. Namaste.Shortby AlanSantana4436
ETH - Etherium buy opportunityDear traders, Id like to share this idea in order to take long positions 1st Entry: Now around 2800-2900k (previous montly low looking for support) 2nd Entry: 2200k Note, as overall ETH still in a uptrend, it is just a correction and we have to take advantage to get long positions. best,Longby FITINTRADE3
Will Prices Plunge to $2,600 This Weekend?Current Price: Ethereum trading at $2,921, down by 14.87% this week. Support Breakdown: ETH price breaks crucial supports and the $3,000 mark. Market Impact: Release of Mt. Gox Bitcoin payout increases supply pressure. Bearish Patterns: Evening star formation and range breakdown retest at $3,460. Trendline Breakout: Breaks long-term support trendline, plunges to day's low at $2,809. MACD Signal: Bearish phase in MACD and signal lines under the zero line. Whale Activity: Significant ETH dump and strategic repurchase at lower prices. Whale Liquidation Risk: Major ETH holders face liquidation pressures on Aave and Compound. Triple Black Crow Pattern: Daily chart indicates potential for further decline. Potential Target: Extended crash could hit $2,616, an additional 10% drop.Longby Coinpedia-Market-Insight0
A new season of market growthTo date, the market has come to another turning point, I think it's worth considering the situation. Under the pressure of the foreign exchange market, the volatility of the crypt decreased with consolidation at the half-year change near the key levels of 3500 on the ether and 60k on the cue ball. The cue ball opened the half-year above 60k, which is a powerful signal to support the market in the second half of the year. The cue ball is currently drawing a shadow on a new semi-annual and quarterly candle with the aim of retesting 50k. From the levels 53.5-52.5-51k, the probability of a complete reversal with a hike to perekhai still prevails. The higher the level from which the reversal begins, the higher the growth rate will be. The foreign exchange market also opened the half-year with signals of a powerful dollar drawdown, which is a strong supporting factor for the crypt. In an optimistic scenario, the current weekly candle will try to turn bullish on individual coins. The ether opened the half-year worse than the cue ball, which will lead to a continued decline in the dominance of the altos and with the growth of the cue ball, the probability of a rebound of the ether from 3750-4000 and 4500-4750 is still high. In case of a market reversal, starting today, the target for closing the weekly candle on the ether will be 3250 with a confident continuation of growth in the new week, in case of opening the week higher. In a negative scenario and a reversal of the monthly candle, we will see a rebound from 3250 and a new wave of growth after passing the middle of the month. The main support over the air is the 2500-2750 zone. Without entering it, the reversal will be the fastest. Against the background of the general market pullback, very interesting points for topping up coins have formed. To date, I am still considering the most oversold ooki pros cvp epx for which the growth potential from current levels already reaches 300%. These coins are very volatile and can show the greatest growth when trying to reverse the market. In particular, epx and ooki have already shown volatility of 40-50% in a matter of hours. VIB oax and for are stronger due to the presence of a pair to btc and greater liquidity, the potential for which reaches 150-200% from current levels. Df and troy, which are backed by quite large investors, also came to the heavily oversold zone. From the current levels, we can expect a wave of growth up to 70-100%. After the current market reboot, a new increase in volatility can also be shown by fantokens, among which the most oversold is asr with a growth potential of up to $ 9-11. ATM acms with growth targets up to $4-6 also have slightly less potential.Longby Strateg_3
Cryptos fall Cryptos take a nosedive after the report that Mt. Gox moved 47228 BTC from cold storage to anew address. EASYMARKETS:ETHUSD CRYPTO:ETHUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.03:30by easyMarkets7
July 5 Options Data18,000 BTC options are about to expire with a Put Call Ratio of 0.65, a Maxpain point of $61,500 and a notional value of $1 billion. 164,000 ETH options are due to expire with a Put Call Ratio of 0.36, a Maxpain point of $3,350 and a notional value of $470 million. The crypto market started July with heavy losses, with all major crypto falling to new lows in months. Just after the quarterly delivery, the market saw huge volatility, with major term IVs increasing significantly, a good opportunity for institutional sellers to build positions. The market atmosphere is more pessimistic, and the IV of put options on BTCÐ has risen significantly, and the term structure shows an inversion of far-low and near-high. ETH ETFs will have clearer news in the near future, and those who want to take the plunge can buy some end-of-the-month calls, which are far more cost-effective than long futures.Shortby Greeks_live1
Ethereum - Bullish CampaignA strong pull back right above the key-level support of $3350 suggests that an upside reversal is underway. We are flipping over with a new bullish campaign aiming at the next significant short-term resistance of $3600. Longby BulletproofTradersUpdated 335
ETHUSD-BUY strategy 4-hourly chartWe are certainly a bit overdone on the lower end of the spectrum. The crypto is oversold and we are reaching GANN levels requiring some correction. Strategy BUY current @ $ 2,900 area and place SL below $ 2,825. Profit order @ $ 3,150 for now. Longby peterbokma7
ETH - Macro Long With FED Pivot.Markets toppling. Looks like the trend has finally shifted in favour of a corrective period. Will be looking to build a macro long position once we hit some sold retracement levels. Should coincide with FED pivot later in the year. by TheETHWhisperer0
To 3550Ethusd has given us a buy signal on the 30 min tf. Currently a new week is about to begin soon and a retest of the previous resistance zone is expected. After this zone is retested a move lower is expected after.Longby regkey4130
Ethereum - Is everything already over?CRYPTO:ETHUSD is struggling to break above the previous all time high and might correct soon. Please don't look at headlines and news regarding cryptocurrencies. Overall these messages are just preventing you from objectively looking at the chart. Ethereum is creating higher highs and higher lows, meaning that Ethereum is trading in an uptrend. Even if Ethereum is not able to break above the previous all time high, market structure still remains decently bullish. Levels to watch: $4.000, $2.200 Keep your long term vision, Philip - BasicTradingLong03:32by basictradingtvUpdated 4422
ETHUSD LONG 3100 SL & TP ON CHARTGreat entry opportunity at a discounted ETH just before the ETF inflows come into play. I believe price is sitting in a prime area for buys, probably drawn down for the purpose of discounting new investors. Most ETH holders are long term, for the speculators I see a lot of short sellers taking profits in this area BTCUSD has major support on 57.5k I'm confident in a rebound from this area. Risking 1% on this position looking for 3-4R large stop loss covering below the 3000 level to give the trade its best chanceLongby PGTradesUpdated 999
Is it time to buy ETH?The price has gone below the support level of 3.200 but we still see movement in the ascending channel globally The next support is in the 2.800-3.000 zone and this is a very powerful level Moving below the support level at 3.000 may lead to a test of the next support level at 2.000 For now, I vote for the fact that we are in the consolidation zone and after leaving the triangle formation we may well test the historical maximum The main task now is to stay above 3.000 Zone 2.800-3.000 remains a buy zone for me Targets for sale are a historical maximum if there is an exit above 3.800 Longby Juliia5
Whales are showing low volatility expectationsCrypto markets suffered heavy losses due to multiple sell-offs, with BTC falling to $57,000 and ETH to $3,100. Options market data shows that BTC's major short term IVs are up 10%, Dvol is up 3%, ETH related parameters are up slightly less than BTC, and Skew are all clearly skewed in a bearish direction. BTC Block put volume is clearly on the rise, the distribution of transactions is more complex, the Jul12 58,000Put is the largest one. Looking at Options Data, Whales are not too worried about potential downside risk at the moment, and are mainly in the process of adjusting their positions for last week's quarterly delivery, especially for ETH, where Whales are showing low volatility expectations.Longby Greeks_live0
ETHUSD morning updateMy ultimate bearish count, which seems price action after November 2021 high as a large regular flat wave ii. Wave ((a)) of ii is a zigzag, wave ((b)) of wave ii is a regular flat, wave ((c)) would be an impulse wave down and likely complete below $1000. Wave 2 of ((c)) ends up being an expanded flat., wave 3 of ((c)) currently in progress. I believe this count would be contingent on an equity markets crashing as well.by discobiscuit0
ETH PERPPETUAL TRADE, Bought at $3538ETH PERPPETUAL TRADE ETH BUY SETUP Currently $3540 Bought at $3538 (Trading plan If ETH down to $3470 we will add more buy) Expecting target $3634 0R ABOVE Incase of early exist will update this anaylsis Its not a Financial Advice Longby salahuddin20041Updated 11
ETH Weekend Update, Move towards $3600 ETH Weekend Update ETH holding demand levels $3450-$3430 Currently trading at $3480-3490 I expecting move towards $3560-3620 Its not a Financial advice Longby salahuddin20041Updated 4
Last Chance to Buy ETH Before the ETF LaunchLast chance to buy Ethereum before the spot ETF launch expected next week.Longby ttp1123585
Ethereum Value Slashes by 99%Though this episode of crypto winter is very soon due to be a thing of the past, just a regular seasons do, it will come around again! Considering the all-time structure of Ethereum's price chart, I believe the next crypto winter will be especially bad for Ethereum. While many altcoins are due for very sizeable runs (100x - 500x and more) over the next couple of years, I think Ethereum will top out near the $6000 mark, giving it a 3.6X push from current price levels. Beyond this, there is great chance that the sloping formation begins to drastically slip. Despite completing 2 sizeable five-swing moves and a correction between the two, its unlikely that this equates to a truly impulsive formation being developed. The tell-tale sign for me is the extreme shallow correction that we see in the boxed area. Some would classify this as Wave 2 but I'm more inclined to believe it to be a Wave B instead. While it is possible for Wave 2 to find support/terminate near the 0.38 fib level, it is quite rare and even when it does, generally it still makes a return to the previous sub-wave 4. In this case of Ethereum this has not manifested. If not in an impulsive wave, as the price action suggests, there are 2 options as to how this could play out: 1 - it Luna bombs and eventually makes new all-time lows. 2 - it drops to 0.618 - 0.89 fib levels (compared to the size of Waves A and C combined) and finds support there before resuming upside. With this in mind, support at/near $20 is the very best outlook for Ethereum's mid-term future. From $6K-$7K, this would equate to a massive 99% drop and this is a very perfect reason why its important to study and understand the science of price action. The last macro crypto pattern I've seen resemble this form was Luna. I thought it would find support at $1.50 but instead it dropped to $0.0000. My Luna prediction was shared well before the drop came. We will see in the years ahead if Ethereum follows suit or if bulls make a stand. Until next time, stay safe and don't drown. Peace! by DigitalSurfTradingUpdated 332