ETHEREUM * ETH / USD * DAILY EWP FIB TC AnalysisETHEREUM * ETH / USD * Daily Elliott Wave Principle Fibonacci Trend-Channel analysis
ETHUSD.P trade ideas
Ethereum - Bearish OutlookThe bearish cycle is still underway. More downside potential is in the pipeline. A breakdown below the key-level support of $3355 will most likely lead to further drop towards the next big support at $3215.
Here's why I think we're approaching a BUY point on EthereumIf we see the necessary signs of tapering in teal, we will have our first confirmation of a breakout. We then need to see yellow buying continuation or green activated with a stronger orange to guide us up.
We want to be in this before the breakout happens because as we know, it usually happens too fast.
Happy Trading :)
ETHUSD - M pattern with target of 2100-2400 usdM pattern with target of 2100-2400 usd
We have to be prepare for 2100-2400 usd and for bitcoin 42.000-44.000 usd
M pattern classic.
It is just my opinion.
Good luck!!!
My ETH Bounce price will be...Honestly, I think Ethereum is just going through a supply and demand process. It's also being affected by the bear market that Bitcoin is experiencing. My bounce-back price will be around $2750 no more. I consider it an excellent entry point if you're interested in a swing
20240622 - ETHUSD- ShortETHUSD - Short
15min bearish FVG.
First 2 touches into the H4 FVG didn't break H4 highs - further retracement.
Target H4 FVG EQ.
ETHUSD: Ether ETF Rumored to Launch July 2Second-largest coin is looking to land on Wall Street through eight exchange-traded funds, lowering the entry barrier to crypto investing.
Ethereum (ETHUSD) exchange-traded funds (ETFs) — eight in total — are speculated to launch on July 2, following an approval by the Securities and Exchange Commission last month. The new investment vehicles will complement the already-listed Bitcoin exchange-traded funds, which enjoyed such big demand, they shot the price of the orange token to a record high of more than $73,000. Will we see a similar move in the price of Ethereum?
Ether is the second-biggest cryptocurrency, trading in the range of $3,500 to $3,600 per coin. And despite being up nearly 50% on the year, the token is still ways away from its November 2021 record of just under $4,900. Some analysts are excited to think that the ETF launches could spur a rally in the price of Ether that would rival the one in Bitcoin earlier this year. That said, what’s an Ether ETF?
Ether ETFs, or ETH ETFs, will hold genuine Ethereum and allow ordinary people and professional money managers to invest in the coin, swelling its market cap in the process. Speculation aside, one thing is for certain — the ETH ETFs pending rollout will lower the market’s entry barrier, potentially expanding crypto’s footprint in the US as more people warm up to the digital asset class
ETHUSD will continue to fallOn the daily chart, ETHUSD fluctuated downward, and the bearish trend was dominant. At present, the downward trend line has effectively suppressed the price. In the short term, attention can be paid to the resistance of 3450-3500 area. If the rebound is blocked, consider continuing to short. The support below is 2863-3045 area.
Potential bullish rise?ETH/USD is falling towards a support level which is a pullback support and could bounce from this level to our take profit.
Entry: 3,347.20
Why we like it:
There is a pullback support level.
Stop loss: 3,212.96
Why we like it:
There is a pullback support level which lines up with the 138.2% Fibonacci extension.
Take profit: 3,620.38
Why we like it:
There is a pullback resistance level.
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(ETH) ethereum "arrays_new cycle drift"Both Ethereum and Bitcoin had run their course through the timeframe of about 12 days for each of the 9 different sections of the arrays. As the arrays get lighter and more faint the price gets closer to reaching the moment of regenerative investment. The price of both Ethereum and Bitcoin were so close to the most faded section of the array. I kept waiting wondering if it was the moment for when I should place a spot, or many. Then the array was found to reignite into a darker array with almost no change in price, huh? Such dramatics to keep guessing about. If I know this and they know I know this they must not be using this so now I need to find the thing they are using or make a new one of these.
ETH waiting for major rebound?Ethereum (ETHUSD) Analysis
Chart Type: 30-min TPO and 1-day Volume Footprint
Key Levels:
Support: 3,200 USD
Resistance: 3,560 USD
TPO Insights:
POC: High trading activity indicating strong support/resistance
VAL & VAH: Consolidation within this range, watch for breakouts
Volume Footprint: Significant volume around support zone, potential rebound.
Predicted Movement: Possible bounce from 3,200 USD or continuation of downtrend.
Ethusd Trandethusd trand is both side move posible and breck trendline and retest then move next supply and demand zone
To 3632Ethusd has currently been on a down trend. Currently support is on the 15 min tf and resistance lies on the 4 hr tf at 3632. Eth seems like it will test the 2700 area before its bullish again.
ETH, ran out of breath?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
#ETH update 🧵
It looks like it moved down and bounced out of the area,
MLT for a W5 as a possible impulse.
Watching these 3 paths for some clarity.
A completed impulse down here doesn't spell ATH.
But A break of
3653 and 3759 would have me reconsider.
#Elliottwave #PriceAction
ethusd tradeethusd trade is chanel and consolidate
brackdowan and brackout this chenal and move ethusd both side
looking this
Bullish Outlook for Ethereum (ETH/USD)COINBASE:ETHUSD
In this chart, we analyze the weekly price action of Ethereum (ETH/USD) using Elliott Wave Theory. The chart shows a clear wave structure, indicating potential future price movements.
Wave A (2022 Downtrend):
Ethereum experienced a significant decline, marking the completion of Wave A.
This wave is characterized by a sharp drop in prices, indicating strong bearish sentiment.
Wave B (2022-2023 Correction):
Following the decline, Ethereum entered a corrective phase, forming Wave B.
This phase shows a temporary recovery but doesn't surpass the previous high.
Wave 1 of C (Early 2023 Rally):
Wave 1 initiates the start of a new bullish cycle.
Ethereum begins to recover, showing a strong uptrend with increasing investor confidence.
Wave 2 (Mid-2023 Pullback):
Wave 2 is a corrective wave, characterized by a pullback in prices.
This wave often retraces a portion of Wave 1, offering a buying opportunity.
Wave 3 (Late 2023 Surge):
Wave 3 is typically the most powerful wave in the Elliott Wave structure.
Ethereum experiences a robust rally, surpassing previous highs and indicating strong bullish momentum.
Wave 4 (Early 2024 Consolidation):
Wave 4 is a consolidation phase, where prices stabilize and form a base.
This wave often exhibits sideways movement, preparing for the next upward thrust.
Wave 5 of C (2024 Bullish Continuation):
Wave 5 marks the final leg of the bullish cycle, leading to new highs.
Ethereum is expected to reach its all-time high (ATH) during this wave, driven by strong market sentiment and fundamental factors.
Subwaves within Wave 5:
Detailed subwaves within Wave 5 show the intricate price movements and corrections.
These subwaves help in identifying potential entry and exit points for traders.
⚠️ This analysis is not financial advice and is intended for educational purposes only. Traders should do their own research and consider their risk tolerance before making any trading decisions.
#ETH: ACCUMULATE HERE!!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
ETH is currently trading around $3500 level. As you see in the chart, it is currently trying to form a cup and handle-like structure in the daily time frame where the cup is completed and now the handle is forming.
IMO, this is the best time to accumulate more and more ETH here. However, we might see some more drop from here up to the $3300 level but once it starts its reversal it won't give you the chance to enter. So the best way is DCA(Dollar Cost Averaging).
Overall it looks bullish to me and soon we will see a good pump in the whole market. As of now, the market is just testing your patience. So keep calm and hold your positions.
Buying range:- $3200-$3500
Target:- $6k-$7k
Invalidation:- Weekly close below $3200
Let me know your thoughts in the comments below!
WHAT LIES ABOVE 4869.47The value 4869.47 is the current price top in Ethereum Market.
48xx has long been a price level that has haunted bull campaigns across several markets.
We will take few examples to illustrate what it is.
1. The first is SP-500 top in 2022 at 4816.86, there was also the first top at 1576, the same two tops we have in Ethereum.
The are two significant points after the 2022 top:
First is the 3489.0 major bottom from 4816.86
Second is the 4104.4 bottom the commenced the current advance
The 4104 level which was a top in ethereum is a bottom in SP-500 and all points are relative to 1540
The significant points in SPX are:
1578.5
3489.0
4104.4
4816.6
The similar points in Ethereum are:
1540.01
3466.06 (current level)
4106.69
4869.47
2. NASDAQ - 100 made a top at 4781.19 in March 2000, the Dotcom bubble that took over 80% of the value of the tech heavy index
The second top before the major decline was the same 5/3 expansion level at 4089.04
Notice that the (+1540) top in Nasdaq occurred at 1485.97 and so subsequent levels are also lower.
The (3466 / 3489) level in Nasdaq there but needs further discussion which is not our interest for today
3. The 2015/2016 low in DJIA is one of the most important levels after its counterpart in June 1949. Using a log scale of x10 we have the same +1540 levels
We have the 34890 points being the zone where the 2022 top trended within, that means we have other points ahead which we can project but again that's not our discussion
There are also time resistances of 4667/4747 days, 483.0 weeks and 483.x months effecting major trend changes
There are a lot of price and time examples we can illustrate to show the importance of the 48xx units measurement across several markets.
Now Ethereum... what is above 4869.47 in case we break the top
will leave it to readers to investigate further.
Check back for updates.
Could Ethereum reverse from here?Price is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support.
Pivot: 3,561
1st Support: 3,449.66
1st Resistance: 3,625.50
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ETHEthereum is currently at 3520.
The inability to break through the downward trend suggests a continued correction, targeting the level of 3285, from which a good rebound is expected.
ETHUSDT The Ethereum pair is poised for significant upward movement, with price currently at a promising level for bullish continuation. Anticipating a near to medium-term outlook, targets range between $4,500 to $5,000, supported by robust technical indicators signaling favorable market conditions.
Key indicators, such as the moving average convergence divergence (MACD) and the relative strength index (RSI), underscore bullish momentum. The MACD histogram exhibits a positive divergence above the signal line, suggesting strengthening buying pressure. Additionally, the RSI hovers comfortably above 50, indicating sustained bullish sentiment and potential for further price appreciation.
These technical signals, combined with recent price action and market dynamics, reinforce the outlook for ETH/USDT's upward trajectory. Traders and investors may consider strategic entry points aligned with support levels and ongoing market developments, while being mindful of market volatility and potential corrective phases.
Monitoring fundamental catalysts, such as network upgrades and broader market trends within the cryptocurrency ecosystem, can provide valuable insights for optimizing trading strategies and managing risk effectively
ETHEREUM LONG BUYSince breaking resistance, the price has remained above it.
There is a strong probability that it will reach the 4000 level "around" ....(4064 / 4093)
This analysis is not advice, but my personal view.
Bitcoin & Ethereum - Morning Update
Bitcoin and Ethereum Morning Update
Good morning, we are back close to the MarchVWAP on ETH 🚨
Still needs to be flipped for the trend to reverse on the higher time frame, if we get this reclaim we are looking for scalps on some assets but thats for later. This setup on ETH with the multiple retests on the cluster reminds me of another setup on ETH just close before we saw the big increase before the ETF happening. On BTC things are looking good as we held the most important level for now the MarchVAL. But on BTC the MarchVWAP is getting problematic too. We are still thinking that ETH is going to outperforme BTC in the next months in either direction. The 4H close on BTC above the MayVWAP is important and not just a fakeout, if we get a reversal in the next 30min we could be in light troubles but as long the MarchVAL holds everything is fine.
We are looking for possible setbacks before breaching the next key levels on Bitcoin and Ethereum.
