Ethereum x SolanaThe pattern formed on the CRYPTOCAP:SOL daily chart is being loaded for CRYPTOCAP:ETH 📈
ETHUSD.PI trade ideas
Ethereum Price Surging: Will It Hit $6,000?Ethereum ( CRYPTOCAP:ETH ), the world’s largest altcoin, is currently defending key support levels around $2,400 and preparing for a potential mega rally. With analysts setting ambitious targets of up to 2.5x gains, Ethereum enthusiasts are eagerly watching for signals of a significant bullish breakout.
Key Technical Support Levels
Currently, Ethereum is defending a crucial support zone at $2,400. Over the weekend, the CRYPTOCAP:ETH price rebounded sharply, climbing above $2,500 and signaling a potential upside. The current price structure offers a compelling opportunity for investors, and a move past the $2,680 resistance would give bulls more leverage.
For Ethereum to truly confirm a rally to $6,000, breaking this key resistance is essential. We also highlight the impact of broader market sentiment, with ETH needing to outperform Bitcoin (BTC) to catalyze an altseason. However, Bitcoin’s current dominance of 60.5% presents a challenge, with Ethereum’s market share having dropped from 18% earlier this year to 13%.
Institutional Interest and Developments
Despite its recent underperformance compared to Bitcoin, Ethereum continues to attract institutional interest. Last week, Swiss banking giant UBS launched its first Ethereum-based tokenized investment fund in Singapore, reflecting the enduring confidence of financial institutions in Ethereum’s potential.
Furthermore, the Ethereum ecosystem's ongoing development is another bullish factor. A research analyst at 21Shares has compared Ethereum’s current stage to Amazon in the early 1990s. Leena ElDeeb from 21Shares stated, “Ethereum is complex, akin to Amazon in the 1990s — promising vast potential but less straightforward in its use cases.” Just as Amazon evolved from an online bookstore into a global e-commerce and cloud computing powerhouse, Ethereum’s blockchain, which started in 2015 with basic smart contracts, now powers decentralized finance (DeFi) applications worth over $140 billion.
A Promising Future for Ethereum?
Federico Brokate of 21Shares emphasized Ethereum’s potential to redefine entire industries, just as Amazon did. He also highlighted the network’s extensive and growing talent pool, which could lead to revolutionary use cases and innovations beyond our current understanding. This continuous development positions Ethereum as a key player in the blockchain space, with growth potential that could parallel Amazon’s meteoric rise.
DeFi and TVL Insights
Ethereum’s total value locked (TVL) remains strong, standing at $47.637 billion, with only a slight 0.01% change, as per DeFiLlama data. Despite facing competition from blockchains like Solana, Ethereum’s DeFi landscape continues to attract investors. The bullish TVL figure indicates steady interest and trust in the Ethereum network’s ecosystem, driven by its robust smart contract infrastructure and security features.
Long-Term Projections and Market Sentiment
ETH’s price action is expected to remain volatile, especially with the U.S. presidential election on the horizon. Analysts predict liquidity-driven swings, with Ethereum well-positioned to seize these opportunities. While some traders have anticipated short-term price declines, others are envisioning ETH climbing to $8,000 in the long run, particularly if Bitcoin ignites a bullish rally to $100,000 or higher.
Even though Solana has outpaced Ethereum in TVL growth, Ethereum still boasts a bullish outlook. The DeFi sector's resilience, combined with Ethereum’s evolving use cases, makes it a top contender in the market. Analyst data also shows that ETH’s price could benefit from inflows into Ethereum-based ETFs, pushing bullish momentum even further.
Conclusion
Ethereum is at a critical juncture. While it has lagged behind Bitcoin in recent months, the technical setup and fundamental developments suggest a strong recovery could be imminent. With significant support at $2,400, bullish patterns forming, and a growing ecosystem, the journey to $6,000 and beyond seems achievable. As institutions increase their involvement and the community continues to innovate, Ethereum ( CRYPTOCAP:ETH ) could surprise us with revolutionary use cases, solidifying its position as the next Amazon of the blockchain world.
Time to moon, ethereum has bottomed outI've been following Benjamin Cowen for 3 years and damn gotta say it: the guy is a genius. However, I don't think Ethereum is hitting 1.2k as he suggests. If Donald Trump wins tonight, Doge will skyrocket as Bitcoin dominance has already peaked at 60%. Just today, someone bought more than 1 billion doge coins on Binance. It's getting crazy.
With that said, I think that even though we're still around 60 days away from the restart of QE and the business as usual following the 259 day after bitcoin halving official start of Altseason date, this cycle could get front run and anticipated as people seek first mover's advantage. Better to not wait till the last minute. Everything is highly anticipated this cycle, from Bitcoin reaching previous all time highs and staying up there for 7 months straight to the crazy volatile election day today.
If you want to try to accumulate here, good luck with that and yes, do wait until Thursday to see what the Fed is up to, otherwise it's a good idea to start hedging here or you'll risk getting sidelined and missing the upcoming 2025 all star season, specially now that ETFS for Ethereum are live.
Ethereum Next Move To $3,600 In Short-term✅After over three months of accumulation within the price range of $2300 to $2700, Ethereum is showing signs of an upward trend, potentially driven by recent positive news such as President Donald Trump’s re-election to a second term and the Federal Reserve’s announcement of a 0.25% interest rate cut in November.
✅We expect the weekly candle to close above the $2800 level to confirm a steady upward movement for this altcoin, which holds the second-largest market capitalization. Ethereum holders have waited a long time for the day when Ethereum could break its all-time high (ATH). My short-term target is $3600 between now and the end of the year. Best of luck to my friends.
Same as bitcoin; Buy Ethereum Election day is coming and im not going to day it TWICE!
If trump wins bitcoin , ethereum and all other crypto will skyrocket
In this case analysis trump will win and we will see them skyrocket.
Dont be late
ETHUSD price action poking above descending channelFirst breach of the top trendline of the descending channel here by the price action. We all know that price will often times dip back into a chart pattern after the ntial break above it so as of now we can’t yet say this validates the breakout of this pattern. Even though it’s more common patterns dont official validate their breakouts until the 2nd 3rd or 4th breach of a toot rendline, there are plenty of examples of patterns that have confirmed their breakout on the 1st breach of the top trendline as well so it’s wise to be prepared for either possbliity. Think a good indicator of it confirming the breakout will be once the 200ma gets flipped to sold support. The 200ma is current wick resistance. *not financial advice*
ETHUSDA possible bearish triangle was recently invalidated. The structure is then most likely a series of 1-2 fractals that will unfold into an extended impulse.
ETH Bearish divergenceEthereum is currently displaying signs of a bearish divergence on lower timeframes, a signal that often indicates a potential slowdown in upward momentum and the likelihood of a correction. Despite the bearish signal, the ongoing correction appears to be relatively shallow, suggesting that the underlying bullish structure remains intact.
A retracement to the 0.382 Fibonacci level could present an attractive buying opportunity for traders looking to enter at a lower risk point. This level is often viewed as a key zone for price reactions during corrections, providing a favorable balance between value and momentum for long-term positions.
Road back to 4,000 then New ATHBitcoin done it again since trump won election but feeling everybody has there eyes on Ethereum right now and so do i. So slowly breaking the major resistance but theres 1 more resistance left which is in 2,820 zone; once that breaks to push up higher it will get back to 3,000
Which means it's possible to reach back to recent ATH.
But now ethereum is a little slow but slowly breaking the resistance so it takes time be sure to use proper risk management so you wont get Spiked out. If you had bought the Ethereum in the last few hours or last night then you will be fine;
The take profit i placed pay attention to those its up to you when you like to take it but be sure place the stop loss at 2,635 that is the safe play.
That is all i have to say and donald trump going to make everyone rich we will see.
First break thru the resistance and get to 3,000, then road back to recent ATH inside the 4,000 area and lastly we should expect a new record of ATH back-to-back
I will have another post related to this and lets make this money
Ethereum Breaks Range Resistance: Bullish Rally Incoming..?Ethereum has recently broken free from its range-bound trading pattern, a significant development that indicates potential upward momentum. The current focus is on sustaining this price movement above the established range, which could signal a shift in market sentiment. If this upward trend continues, the first target for Ethereum's price is projected to be around $3,540. This target level could serve as a pivotal point, influencing traders' decisions and market dynamics in the days to come.
Ethereum entering scarcity mode - Price > $3,000Here's a short analysis of why the ETH price has been jumping.
I don't think there's a huge upside on ETH, but I think there's a, say 75% probability of going to the $4,000 level (+28%) and a 60% probability of hitting the previous all-time high of $4,800 with a 56% upside.
The price rose to over $3,000, which is a casual +22% gain in just a week.
Let me start by saying that each person has different risk profiles and investment goals. I bought ETH a long time ago at under $1,000, which gives me plenty of room to continue holding it.
Here are some of the reasons behind the recent price action (other than the US elections) and why it might continue driving the price up:
- 42.6% of the ETH supply is locked in contracts, reducing the available supply in the market.
- 28.5% of all ETH is now staked (and rising), reducing the available supply in the market.
- Michigan Pension joins the game and has invested $11M in Ethereum ETFs, reducing the available supply in the market.
- Exchange reserves are at record LOW, which reduces the available supply in the market.
- Ethereum ETF inflows over 20k ETH per day, reducing the available supply in the market.
- SEED_TVCODER77_ETHBTCDATA:2B fresh USDT inflow: A substantial influx of Tether (USDT) increased buying power and interest in the crypto market.
- Pectra upgrade scheduled to Q1 2025 (but there are always delays). This upgrade improves the Ethereum network, and it's considered a big upgrade. Typically, there's positive price action around these upgrades.
- Ethereum has a recursive effect where the price goes up --> more on-chain activity --> more demand for ETH --> more gas fees burned.
When the supply is low, and the demand is high, typically, the price goes up.
Not financial advice.
#ETHUSD 1DAYETHUSD Daily Analysis
The ETHUSD pair has broken above a key trendline resistance on the daily chart, signaling a shift toward bullish momentum. This breakout suggests buyers are gaining control, but waiting for a retest of the trendline-turned-support could provide a more secure entry point for a long position.
Technical Outlook:
- Pattern: Trendline Breakout
- Forecast: Bullish (Buy Opportunity on Retest)
- Entry Strategy: Buy after a successful retest of the trendline support
Traders may look to enter a buy position if the price retests the trendline and shows signs of support. Additional confirmation from indicators like RSI indicating upward momentum or MACD showing a bullish crossover could strengthen this buy setup, reinforcing the bullish outlook for ETHUSD.
ETH to $25K - No Joke - BUY & HODLEthereum is at levels not seen since the Crypto Stone Age.
The Crypto Markets will start BOOMING!
ETH ( ETHUSD , ETHUSDT , ETHEUR ) is getting ready to go Bullish.
When? Early '23.
The Fibonacci Time Zones and Cycles tell me that the 3rd Fibonacci Summation is NOW.
So, I reckon Cryptos are getting ready for something BIG.
I do see a last drop before that though.
From Jan '18 until Dec '18 ETH had a whooping 94% crash.
We're only at 82% from Nov '21 top. So I am waiting with buying interest for a much better level.
I am buying big dips, adding value.
If you look at the Ellipse, Ethereum is doing the same pattern it did on the previous Bear Market.
Hmmm...
I've decided on my best BUY level: $550 .
Technical Analysis:
* Elliott Wave A-B-C Pattern
* Jan '18 - Dec '18 Fractal Sequence
* 88.6% Fibonacci Retracement
* Harmonic Pattern: Bullish Cypher
* Fibonacci Extensions Confluence
* Bullish Divergence
* Demand Zone
What more do you need?
Oh yeah, a much better price. :D
We went to the Moon, now let's go to Mars!
ETH - Renewed strengthI've been neutral to bearish on COINBASE:ETHUSD ever since price broken down from the descending triangle and lost the key $2,800 support level. My line in the sand for getting bullish again has been the reclaiming of that level. Price continued to consolidate underneath $2,800 with that level acting as resistance. Then came the presidential election where we saw price strongly rebound back above $2,800 where it's now managed to hold for the last few days. If the weekly candle manages to hold above this level, that would give us a very solid weekly bullish engulfing candlestick setup. The invalidation level would be $2,350, but we'd really not want to see price spend much time below $2,800 for a strong bullish signal. The next overhead resistance sits at around $3,500. Beyond that and we're look at all time highs.
Ethereum - Room Higher? Post Election/Risk On Sentiment AnalysisTraders flooded into crypto assets after the risk on environment given by the Trump administration taking office. This is also coupled with last nights FED meeting where some confidence was show around the state of the US Economy.
May see Traders start to take some profits, especially if we rise to the next key resistance (labelled).
Any falls will provide dips back to key support and Re-entry becomes negotiable.
Any further risk on attitude from the Market on this fall would set the course for returns higher to previous highs.
Ethereum, unlike BTC has been subdued for a while, now it looks like the tables have swapped at least temporarily and traders are willing to take on more risk (Eth being less stable/invested in than BTC).
If you had it long, I'd kill it for gains. If you want to buy, I'd let it fall. Would avoid shorts higher in any large proportion due to inherent risk on both the asset and the Market overall.
ETH/USD - New levels, new trades. Let’s see what unfolds!Chart is showing a break above the M5 high, signaling potential for continued upward momentum. However, we’re also monitoring closely for signs of reversal, as the price could pull back to form a short-selling opportunity. This juncture demands attention to market structure and key levels, as both a trend continuation and a correction are in play. Caution and strategy alignment are essential here especially looking for the right confirmation!
Live Market Update- Welcome to Crypto
🤖🚀 Bitcoin’s Bullish Correction: What’s Next on the Chart? 💡📈
Hey everyone! Time to check in on Bitcoin’s latest move. Yesterday, while U.S. markets stumbled, Bitcoin gave us a corrective dip, but in a bullish context! Here’s what I’m seeing in the charts:
Bitcoin Analysis
Support Reclaimed: Bitcoin dipped to revisit its previous breakout levels, securing support at $69,579.
Next Target: If BTC can hold steady or push up from here, I’m watching $72,000 as the next test. If momentum carries it further, my projection is $79,000 for a potential new high.
Key Levels: Current support at $69,600, with a fallback to $65,670 if the trend doesn’t hold. Overall, my stance remains bullish, but remember fundamentals—U.S. elections, Middle East tensions, and today’s NFP data—can add volatility.
Bitcoin Dominance
BTC dominance is nearing a significant resistance point, and I’m 90% confident it could retrace from here. It didn’t quite trigger my alert, but with the NFP data release, we might see a quick spike before rejection.
Ethereum & Solana
Ethereum: Testing the waters at 0.058 BTC with a strong structure forming. I see room for a breakout toward $3,634, with support solid at $2,398.
Solana: At all-time highs but primed for a pullback, especially with the new competitor SUI entering the market. SUI’s levels are worth watching around $1.80 for a long, with psychological markers at $2 and $3.
Final Thoughts
Patience is key—these levels are guiding us, but the market may retest support before new highs emerge. Stick to the plan and keep a cool head in these moves!
One Love,
The FXPROFESSOR 💙
ETH BEAR FLAGTrump pump trap underway.
Pretty obvious bear flag especially when daily RSI did not support the aggressive move upwards (news driven).
No pullbacks on recent move up suggest it will retrace the entire Trump pump and then break down the bear flag.
Bulltards will be in full disbelief.
ETH - Secret Fibonacci TargetsBased on predictive Fibonacci models we can estimate what might be some key levels in the future once ETH enters price discovery.
Based on on our model we could see $6,150 being an important level as well as the estimated 1.618 around $9,400.
This post is for future reference.
ETHUSD 1W PO3 LongOn the weekly ETHUSDT chart 📈, we observe a PO3 formation 🔄, indicating that we are in the final phase of distribution 🛑. This period may bring significant fluctuations, so it is essential to monitor market trends closely. By keeping an eye on support and resistance levels, we can uncover interesting opportunities. Stay alert to market movements! 💰🚀✨
ETH: Short Term Market Analysis for 11/06/24This is my personal opinion and is intended for educational purposes only. Please consult your financial advisor before making any decisions.
Time frame: 15min
The market's rising wedge formation remains intact. Following the successful absorption of the 2660-2666 order block, focus shifts to the monthly Point of Control (POC) at 2620.0. A breach of this level may trigger a corrective decline to fill the underlying imbalance at 25700.Technical studies indicate elevated bearish divergence and overbought conditions, increasing the likelihood of near-term reversal.
Huge Bullrun for Ethereum The support was strong and still taking its bullish over; bears are weaking.
Today is the election; Trump and RFK are the only 2 presidents who support crypto; if trump ever wins the election the whole entire crypto market will skyrocket;
Im not going to say much because we all know whats going to happen in the election;
Bitcoin will road to hit $95K or $100K .. but it will go alot higher.
Ethereum on the other hand will hit EUROTLX:4K , $6K and then $10K.
Buy at your own risk
ETH/USD Potential Rebound from Bullish Trendline, Target $6,000This analysis focuses on COINBASE:ETHUSD price movement in the daily chart, highlighting a strong bullish trendline pattern. Currently, Ethereum's price is forming higher lows, indicating strength in the ongoing upward trend. The price is approaching the trendline, signaling a potential rebound that opens up bullish opportunities.
If the price successfully bounces off the trendline, the profit target is set at the psychological level in the range of $3,500 to $6,000. However, if the price breaks below the trendline, this bullish signal will be considered invalid. The stop loss is placed at the psychological level of $2,200 or if the price breaks below the trendline.
