ETHUSDPair : ETHUSD ( Ethereum / U.S Dollar )
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame
RSI - Divergence
Break of Structure
Completed " 12345 " Impulsive Waves
Demand Zone
ETHUSD.P trade ideas
ETHUSDOn the 4 hour chart, we have a confirmed shift in markets structure indicating a bearish momentum is setting in. The forthcoming bitcoin halving is likely to affect other crypto currencies negatively. The expectation is that as the halving date approaches we will see a lot of selling pressure across the crypto market.
I've been watching this SHORT in ETH USD...
It's a short of ETH USD & its a Head N Shoulders pattern where price has already retested. Please stand by for the other chart.
ETHUSD: It is now or never.Ethereum is marginally bearish on its 1D technical outlook (RSI = 40.248, MACD = -101.950, ADX = 33.304) as it pulled back to the 1W MA200 again, failing to capitalize on August's rebound attempt. If we compare it to its prior Cycle, this is Ethereum's final chance to hold the 1W MA200 and keep step <7> valid, which in September 2020 exactly 4 years ago, it started an outstanding rally to the 1.618 Fibonacci level and cap step <8>.
If the market replicates this move, we can print 13,500 in mid 2025. Compared to the previous Cycle we are currently higher on step <7> than we were then, so unlikely as 13.5k may seem, it is technically plausible.
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ETHUSD-BUY strategy 2D chart Heikin AshiETHUSD seems holding well, and in fact we are observing potentially a double bottom supported around $ 2,140. We got indecisive candles, suggestion a pause on the bearish side, hence my feel is we should see $ 2,650 re-test again.
Strategy BUY @ $ 2,250 - 2,325 (when seen) and take profit near $ 2,590. SL based on your own risk appetite.
Ethereum (ETH) Bullish Pennant AlertEthereum continues to show a bullish setup with a long-term bullish pennant pattern forming on the chart. Based on Fibonacci extension levels, we can project both conservative and aggressive price targets, with the potential for a blow-off top around $20,000, aligning with the 200% Fibonacci retracement level.
Key Technical Highlights:
Pattern: Bullish Pennant (Continuation Pattern)
Current Price: ~$2.2k-$2.3k
Fibonacci Extension Levels:
1.272 Extension: $7-$7.5k
1.414 Extension: $7.5-$9.3k
1.618 Extension: $10k- GETTEX:13K
200% Retracement: $20,000 (Potential blow-off top target)
Why this setup is promising:
Bullish Pennant: Ethereum’s price consolidation within this pattern suggests a bullish continuation, with Fibonacci levels offering reliable price targets.
Strong Fundamentals: Increasing on-chain activity, network upgrades, and growing institutional interest support the potential for higher price action.
Volume Contraction: Volume has been contracting during the consolidation, a common precursor to a breakout.
Strategy:
Entry: Consider entering on a confirmed breakout above $2.7k with strong volume.
Stop Loss: Below $2k for risk management.
Disclaimer: This is not financial advice. Always conduct your own research before making investment decisions.
Ethereum remains bearish as long as 2500 is intactAs expected, ETH/USD experienced a sharp decline last week, revisiting its recent low.
After this sell-off, the price began to recover and has now risen back to the previously broken support level.
However, the rise has been choppy, overlapping, and corrective in nature, indicating that the downtrend may not be over just yet.
A stop hunt above 2400, especially driven by upcoming inflation data, is a possibility. In my opinion, this could present a good opportunity to enter a short position.
That said, if the price reaches 2500, it would invalidate my outlook.
Is there hope for ETH to recover?ETH trades around $2.3k, just below 4HR 50MA, after facing resistance around $2.4k. Failing to create HHs could signal lower prices with the first bearish target being $2k - $2.1k. Closing above $2.4k would signal a shift in sentiment or momentum.
ETH/USD Bearish Outlook as Price Struggles Below Key Pivot LevelETH/USD Technical Analysis
Current Outlook: The price of Ethereum (ETH/USD) is trading just below the pivot line at $2,374, showing bearish momentum. The current setup suggests that a downtrend is more likely, with the price failing to break above key resistance levels.
Best Scenario: The downtrend scenario appears to be the best, as the price is trending below the pivot level. If ETH fails to reclaim $2,374, it is likely to continue its downward movement toward a support level of around $2,000 and potentially lower. A significant recovery would require stabilization above $2,374, which is currently less likely given the bearish volume.
Key Levels:
Pivot Point: 2374
Resistance Levels: 2505, 2755, 3018
Support Levels: 2001, 2155, 1787
Expected Range Today: The price is expected to fluctuate between $2,374 and $2,001, with a bias toward further downside.
Overall Trend: The overall trend remains bearish, as long as the price stays below the pivot point at $2,374. If the price manages to break above this level, the trend could shift, but for now, downside pressure dominates.
Previous idea:
ethusd short tradeMoving Averages:
The 50-period Exponential Moving Average (EMA) is above the 200-period EMA, indicating a bearish crossover.
The price is currently below both the 50-period and 200-period EMAs, reinforcing the bearish sentiment2.
Relative Strength Index (RSI): The RSI is below 30, suggesting that the asset is in the oversold territory. This typically indicates that the price might continue to fall before any potential reversal3.
MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, and both are below the zero line, which is a strong bearish signal3.
Sep.3-Sep.9(ETH)Weekly market recapLast Friday, employment data was released, showing that the unemployment rate dropped from 4.3% to 4.2%. Although non-farm payrolls (NFP) increased, they still fell short of expectations. BTC initially rose upon the release of the data but quickly reversed course and turned negative. The U.S. stock market also opened lower, signaling that as the labor market weakens, funds in risk assets are starting to avoid risk.
Over the past week, BTC ETF daily fund flows were mostly net outflows, while ETH ETFs saw little significant movement. This reflects the current tight financial environment and increasing risk aversion. This situation may persist until looser monetary policies are implemented and more liquidity is available.
ETH experienced further declines last week, giving back all of its 2024 gains and returning to the consolidation range seen at the end of 2023. Trading volume was below the historical average. According to the WTA indicator, whale activity was minimal following Friday's drop, and participation levels across all categories have been decreasing. The ME indicator continues to show a bearish trend, with short positions strengthening.
In conclusion, we expect ETH to maintain a bearish trend this week. We are lowering the resistance level 2400 and the support level 2100.
ETH experienced further declines last week, giving back all of its 2024 gains and returning to the consolidation range seen at the end of 2023. Trading volume was below the historical average. According to the WTA indicator, whale activity was minimal following Friday's drop, and participation levels across all categories have been decreasing. The ME indicator continues to show a bearish trend, with short positions strengthening.
In conclusion, we expect ETH to maintain a bearish trend this week. We are lowering the resistance level to 2400 and the support level to 2100.
ETHUSD on bullish rally!ETHUSD on bullish rally! We have 3 scenarious for this week and one more solid scenario for the next week for its recovery. so lets catch the trend and wait...
@ethereum signals a bearish move@ethereum
signals a bearish move, potentially breaking the Weekly low.
🚫 Avoid SHORT without a setup; it might push towards 5K first, as there's been no bullish divergence since last year, then drop. 📉 #ETH
• Looking for SHORT setup
@ethereum signals a bearish move@ethereum signals a bearish move, potentially breaking the Weekly low.
🚫 Avoid SHORT without a setup; it might push towards 5K first, as there's been no bullish divergence since last year, then drop. 📉 #ETH
• Looking for SHORT setup
Ethereum - Keeping it simple with the market's progressionWe are potentially seeing HTF taper signs with our red tapered selling. Lot more work to do for a HTF bullish breakout but this could be the start to start breaking out of strong selling (orange) and building liquidity in a more controlled selling manner
Can ETH stick it out?ETH is testing previous support around $2.4k. Reclaiming 4HR 50MA or $2.5k could signal some strength. Failing to do so could lead to a retest of support around $2k - $2.1k.
