My bias is on ETHUSDThe ETH according to my fundamental and technical calculations, I think we will see the growth of ETH prices.
ETHUSD.PI trade ideas
BTC vs ETH ETFOn the left we have the BTC chart and on the right the ETH chart.
The BTC chart is from fall 2023 when BTC ETFs began to be filed and the hype about those ETFs lead us on a monumental uptrend.
From a chart perspective BTC had a double top followed by a double bottom (blue line/ green arrows). When price created that double bottom, that is when BTC ETF speculation began to grown and form a strong bottom before the following rally.
Today we see ETH in the same spot from a chart perspective. A double top followed by a double bottom (blue line/ green arrows) trying to be established as we speak. We have heard rumors we will see the ETH ETF be approved soon which has lead to more filings being placed.
Therefore, are we about to witness an altseason led by ETH that follows a similar pattern to the BTC ETF cycle approval?
Ethereum Daily OutlookETHUSD trades below the $3000 level due to risk aversion. It hit a low of $2822 yesterday and is currently trading at around $2970.
According to Bloomberg reports, ETH ETF will commence trading by Jul 15th, 2024.
The intraday bullishness is possible if it holds above $3200. On the higher side, the near-term resistance is $3200. Any significant jump above the target is $3520/$3700/ $4000/$4500/$5000. Significant bullish continuation only above $4800.
The immediate support is around $2800. Any breach below $3100 confirms bearish continuation. A dip to $3000/$2800 is possible. A violation below $2800 will drag the Ethereum to $2500/$2300/$2000.
It is good to buy on dips around $2850-60 with SL around $2750 for TP of $4500.
Ethereum Golden Trendline ChannelEthereum golden trend line channel, the main target is the golden trend line below, and the upper and lower gray lines are channels. The place of Venus is the low point and the bottom price of this target. It mainly depends on the decline. If it falls below the golden trend line, it will be at the gray channel line below. The main low point will be around the golden trend line.
Ethereum On A 7 Year Old Support! Is This The Bottom?Now that crypto has been trading bearish for weeks, there might be a light at the end of this dark tunnel.
Ethereum has seemingly found support on a 7-year old support line, which originated late 2016 when ETH was still trading around 7$.
As seen on the chart, the support line has also signaled a pump back in September of 2023.
If this support holds, it might be the last time that ETH will be trading at 3,000$ forever. On the other hand, if BTC will continue to fall, ETH will likely follow.
It remains to be seen whether ETH bulls can keep the BTC bears in check. I'd say it's more likely that ETH will fall through this support in the near future than not. Nevertheless, ETH is trading at a very interesting place for bullish traders.
Ethereum's Q3 2024 Surge: A 50% Bull Run on the HorizonSupport and Recovery: Ethereum reversed from the crucial $2,850 support, indicating a potential new bull cycle.
Price Jump: ETH saw a 4.87% price increase in the last 48 hours, supported by Bitcoin holding above $56,000.
Market Sentiment: $52 million in short-side liquidations suggests weakening bearish control over ETH.
Market Cap: Ethereum's market cap is $368 billion, making it the second-largest crypto.
Current Price: ETH trades at $3,063, with a 1.42% intraday gain after a 2.99% overnight jump.
Double Top Formation: The weekly chart shows a failed double top formation with a neckline at $2,844.
Fibonacci Level: The neckline aligns with the 50% Fibonacci retracement level.
RSI Indicator: Weekly RSI below the halfway line, but reverse divergence hints at an uptrend.
MACD Indicator: Negative crossover in the MACD lines fuels bearish histograms but suggests potential reversal.
ETF Catalyst: Anticipated Ethereum ETF listing could significantly boost ETH prices.
ETHUSD - BullishA chart suggesting ETHUSD can easily increase to previous highs and higher
This could just be a temporary bearish structure within a larger bull market for crypto
I am very bullish on ETH
Up we go hopefully
ETHUSD - Still Bullish RSI AnalysisInteresting that the RSI has consistently lowered while price has been increasing
Would this be considered a large divergence?
I don't think we are turning bearish. The bullish nature has been solidified for now.
Ethereum will outperform BTC in the next large run. I predict. Its very hard to call the bottom.
what you have to lose vs what you stand to gain.There are a lot of punk ass bitch, thin skinned, yuppy day traders that will tell you “the ETF is priced in” or “it’s a buy the rumor sell the news event”.
Anyone that understands what Ethereum is and why it matters, knows the ETF is irrelevant. It wasn’t designed to be a novelty derivative for hedgies and brokers to speculate on.
Ethereum is designed to migrate away from untrustworthy hedgies, brokers and the derivative market. For the kind of settlement finality that they have failed to provide.
Let’s say this is the worst case scenario and all the rats tuck their tales and abandon ship all at once, today. That would bring us down to anywhere from $2,500 to $1,800. BFD!
But on the other hand, look at what you have to gain if Wall Street migrates to Ethereum as a settlement layer, away from the DTCC.
I’m not talking full scale adoption. Just dipping their toes and testing the waters. But for reference the DTCC settles Quadrillions of dollars in transactions.
Obviously eth isn’t gonna grow that big over night or even this cycle, but it has a lot of room to grow.
ETH Target REACHED ! Follow my Ethereum Analysis For those who followed my last analysis of ETH on the daily timeframe and had the patience to wait until we reached our target, I am pleased to inform you that we have reached a very important point of interest where there is a high probability that the price will consolidate a bit before bouncing back.
So far, the analysis has gone perfectly according to plan. Since Sunday, I have opened a percentage, and if it continues to drop a bit more, I will keep adding.
Regards, and thank you for your support.
ETH Holding the Line? Stop at < $2800ETH appears to be holding the line above $2950 but but as it's now the 5th re-test, I'd be looking for any breakdown here on ETH to get out and wait for a lower re-entry.
Stop loss at $2800 makes sense, although we could easily wick and touch then rebound.
Still, breakouts to new highs or breakdowns usually happen on the 3rd or 5th attempt I've noticed over the years.
And better safe-ish than sorry.
What do you think?
Eth at a crossroad. On the one hand we have what appears to be a double top which can also be interpreted as a large bull flag. A break and close under the neckline can push Eth to $1800 usd. A break above top of flag can also push Eth to $6500 usd. Plan accordingly and don’t get caught off guard.
ETHUSD: Thoughts and Analysis Today's focus: ETHUSD
Pattern – Support formation
Support – 2800 - 2880
Resistance – 3073
Hi, traders. Thanks for tuning in for today's update. Today, we are looking at ETHUSD on its daily chart.
The key question we are asking today is: Has price started to find key support, or are we set to see one more low? For now, buyers contnue to hold firm from 2800.
Has the Mount Gox news been overdone, or will this new supply dump continue to push coins lower?
Good trading.
ETHUSDPair : ETHUSD ( Ethereum / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Resistance Level
Double Bottom as an Corrective Pattern in Short Time Frame
here or there?it feels to me like it wants to touch the lower line before anything substantially changes for the better
if it forms a weekly below the lower line then it's probably time to hibernate
Ethereum’s Crucial Crossroad: Is a Major Move Imminent?Introduction:
Ethereum is at a pivotal point as it approaches significant support and resistance levels. The weekly and daily charts provide crucial insights into potential price movements. This analysis explores the scenarios that could unfold based on current market conditions and technical patterns.
Weekly Time Frame Analysis:
Ethereum has been strongly rejected from the significant supply zone at $4000 once again. In the coming week, there is potential for the price to retest the curved support line it has held above for over a year. A clear double top pattern is visible in the weekly time frame. If this week’s candle closes below $2900, I expect a price correction down to $2500. As seen in the chart, during the bear market of 2022, a break below $2500 led to panic selling, making this level a critical support area once again.
Daily Time Frame Analysis:
In the daily time frame, Ethereum has broken its ascending curved line, which has been in place since October 2023. If the daily candle closes below $2913, there is potential for a decline to $2157. This target corresponds with the activation of the double top pattern upon breaking the $2913 support. The increased volume following the break of the curved line further confirms the bearish trend. Additionally, the RSI is entering the oversold zone, which could trigger panic selling and a new wave of downward pressure.
Ethereum's Two Scenarios:
Given the developments in the higher time frames, I foresee two main scenarios for Ethereum, with the $2880 support level playing a crucial role in both.
Bullish Scenario:
If the price finds support at $2880 and forms a strong green candle, there is potential for a temporary rise to the green trend line and a pullback to the $3370 resistance. At that point, I will look for a setup to enter a short position.
Bearish Scenario:
If the price decisively breaks through $2880 with a strong candle, it is likely to pull back to this level before continuing its decline towards $2300.
Conclusion:
Ethereum’s price action in the coming days will be crucial in determining its medium-term trend. The $2880 support level is key to both bullish and bearish scenarios. Traders should closely monitor price movements around this level to make informed decisions. Stay vigilant and be prepared for potential market shifts.
ETHUSD on a Downward TrendWhen we observe the ETHUSD chart we can see a Downard Trend.
We can enter to short trade.
USE Stoplost and Takeprofit
Thankyou
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
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.
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.
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,
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.
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.
