ETHUSD potential bearish batOn the daily chart, ETHUSD is currently fluctuating. In the short term, we can pay attention to the resistance near 3580 above, which is the short position of the potential bearish bat pattern D point. Pay attention to the 3360-3400 area below. SELL @3580 TP 3400 SL 3625Shortby XTrendSpeed3
Chances of ETH Price To Hit $5000 With A GOD CandleCurrent Price: Ethereum trading at $3,447 with minimal growth of 0.26%. 50D EMA Resistance: ETH price fails to surpass the 50-day Exponential Moving Average. Price Rejection: After a top at $3,518, the price reverts to $3,420. ETF Listing Delay: Delay in Ethereum ETF listing creates market anxiety and underlying weakness. Higher Price Rejection: Recent price action shows a long-wick candle, indicating potential reversal. Accumulation Phase: ETH struggles to break past the accumulation phase. Consolidation Breakdown: Prices may revert to the ascending support trendline. Bullish Indicators: Positive crossover in MACD and rising 200D EMA support an uptrend theory. God Candle Anticipation: Market expects a significant price surge (God candle) with ETF listing. SEC Delay: SEC requests another round of submissions for ETF listing, causing uncertainty. All-Time High Potential: Possible target of $5,000+ levels if God candle materializes. Fibonacci Target: 1.272 Fibonacci level at $5,581 indicates a 60% rise from the current price.Longby Coinpedia-Market-Insight3
Ethereum _ Falling Wedge Pattern Breakout. Traget is $3881In Ethereum, a Falling Wedge Pattern has formed and Breakout, also completing the 0.6 Fibonacci Retracement level. The next Target is $3881. Longby SasikumarMani1
Ethereum’s Ascend to New Heights: Key Levels and Catalysts COINBASE:ETHUSD Hello, TradingView community, this is TristanAgent bringing a fresh look at Ethereum’s current momentum and potential upward trajectory. The attached chart outlines critical technical patterns and price movements. Key Technical Observations: 1. Descending Channel Breakout: Ethereum is challenging a significant resistance at $4,250, indicated by recent price actions. Overcoming this level could set the stage for a bullish push towards $4,000 and higher. 2. Staking and Supply Dynamics: A substantial increase in ETH staking has been observed, signaling a strong bullish sentiment and a potential decrease in market supply. This could further fuel the upward movement if the resistance is breached. Market Catalysts: • Ethereum Network Upgrade: The upcoming Dencun upgrade is poised to enhance transaction efficiency, potentially increasing Ethereum’s attractiveness to developers and investors. • Anticipation Around Ethereum ETFs: Market excitement builds as the potential listing of Ethereum ETFs could draw significant capital inflows, driving up ETH prices. Strategy Going Forward: • Long Position: Consider a long position if ETH price sustains above the $4,250 resistance, with a target of $4,500. Set stop losses strategically below $4,000 to mitigate risks. • Keep Updated: Stay alert to any announcements related to the ETFs and network upgrades, as these could dramatically influence Ethereum’s price movements. Conclusion: Ethereum shows promising signs of a strong upward trend. With key market developments on the horizon, now is a crucial time for traders to watch for breakthroughs at critical resistance levels. Chart Analysis: The attached chart highlights these insights, showcasing Ethereum’s potential paths and critical levels. Keep this chart handy as a visual guide for your trading decisions. Tags: #Ethereum #Crypto #Investment #TechnicalAnalysis #TristanAgent Feel free to share your insights and strategies in the comments below. Let’s engage in fruitful discussions and help each other navigate the ever-evolving crypto landscape. Happy trading!Longby tristanagent0
ETHUSD Bull Run Forecast: Key Support Level & Bul Market InsightEthereum (ETHUSD) currently shows a strong support level at $2760. From this level, there is a high possibility of a significant gain. However, if the $2760 support level fails, we can expect the next major support between $2100 and $2200. This area should provide a strong bounce as the bull run approaches. Historically, Ethereum has shown major movements during bull markets. In January 2016, Ethereum flipped resistance and saw a massive pump, creating a new resistance zone by January 2018. The next bull market in May and November 2021 saw Ethereum touching this resistance twice. We anticipate a similar pattern with the upcoming bull market, potentially reaching this resistance by March or April 2025. If not, we could see this level touched in October or November 2025. Each bull market is characterized by significant volatility, and we expect similar movements this time. Our targets for Ethereum during the bull run, based on historical data and calculations, project a minimum target of $18,422 by March 2025. If Ethereum flips this resistance by July or August 2025, we could see a maximum target of $23,350 by October or November 2025. Historical bull markets in 2017, 2018, and 2021 have shown unexpected price pumps, and we anticipate similar volatility in Q1 and Q4 of 2025. We recommend staying active in your trades and keeping an eye on the resistance zones. Long positions should be exited by March or November 2025 as the bull market is expected to end, leading to a downward trend in 2026. For more detailed analysis and to stay updated with our latest ideas, follow us on TradingView. Take advantage of our insights to enhance your trading strategies. If you find our ideas helpful, please leave a comment and suggest projects you'd like us to analyze and share.Longby Houseofcryptokings4
Ethereum Primed for a Bullish Surge To $5000Current Price: Ethereum trading at $3,481 with a 1.46% intraday gain. Morning Star Pattern: Formed at the $3,300 level, indicating a bullish reversal. Bullish Candles: Two bullish engulfing candles formed within 48 hours, up by almost 4%. Early Reversal: Occurred before reaching the long-term support trendline. Monthly Chart Pattern: Morning star pattern at the 61.80% Fibonacci level. Increased Bull Cycle Chances: Could challenge the 78.60% Fibonacci level at $3,859. Double-Top Threat: Early reversal undermines the threat and hints at a bullish cup and handle pattern. Broad Market Recovery: Uptrend likely to continue with the broader market recovery. 52-Week High Potential: ETH price trend can hit a new 52W high. Fibonacci Levels: Uptrend can reach $4,617 this month. Psychological Milestone: Optimistically, the bull run can top the $5,000 mark. Longby Coinpedia-Market-Insight3
ETH LongIt's nice to see some bullish action in the crypto market. Probably a bit more sideways, but ETH looks like it has stabilized going sideways. Proof of Stake will make a difference, dethrone the OG coin.Longby yabodoUpdated 4
Ethereum Poised for Strong Performance in Second Half of 2024During the first half of this year, Ethereum has closely mirrored Bitcoin's performance, with both cryptocurrencies showing approximately a 45% increase year-to-date. As we move into the latter half of 2024, the burning question for many investors is which of these digital assets will take the lead. Earlier in May, Bitcoin seemed the obvious choice. However, recent setbacks for Bitcoin have shifted the spotlight towards Ethereum. Several factors now suggest that Ethereum may see significant gains, even if Bitcoin continues to trade steadily. One of the pivotal developments in the crypto landscape for 2024 has been the introduction of spot exchange-traded funds (ETFs) for Bitcoin, which have been available since January. Recently, Ethereum has gained traction with its own ETFs. The Securities and Exchange Commission (SEC) approved new spot ETFs for Ethereum at the end of May, adding a new dimension to its investment appeal. The impact of these ETFs remains uncertain. They are anticipated to commence trading this summer, potentially attracting up to $3 billion in investments. JPMorgan Chase offers a more conservative estimate of around $1 billion. While this is significantly less than the $30 billion flowing into Bitcoin ETFs, the introduction of Ethereum ETFs is expected to have a notable influence on its market dynamics. Ethereum continues to assert its dominance across crucial blockchain sectors, notably decentralized finance (DeFi), where it commands over 60% of the total value locked (TVL) globally. This starkly sets it apart from competitors like Solana, Cardano, and Avalanche, none of which come close to challenging Ethereum's position. Market performance underscores Ethereum's strength. While Ethereum has shown robust growth, with Solana up 35% and Sui up 9%, other contenders have struggled. Aptos has declined by 28%, Cardano by 32%, and Avalanche by 33%. Regulatory clarity further bolsters Ethereum's appeal. Despite earlier concerns about a potential SEC investigation into Ethereum's status as a security, recent statements indicate the SEC is closing any such inquiry. This clarity alleviates concerns for risk-averse institutional investors, potentially unlocking substantial capital inflows into Ethereum. Moreover, Ethereum's long-term disruptive potential remains compelling. Over the past decade, Ethereum has consistently pioneered new applications within the blockchain space. Ongoing technological advancements continue to enhance its capabilities, particularly in sectors like DeFi, where Ethereum's efficiency in managing financial assets on the blockchain offers clear advantages over traditional systems. Investment firm VanEck anticipates significant growth for Ethereum, particularly in DeFi, projecting a potential valuation of $22,000 per token by 2030, which could translate to a market cap exceeding $2 trillion. Such growth potential positions Ethereum favorably alongside top Silicon Valley companies in terms of market valuation. Despite these strengths, Ethereum faces challenges from emerging blockchain competitors like Solana, which threaten to diminish Ethereum's once-formidable economic moat. Nonetheless, Ethereum appears poised to be a standout investment in the latter half of 2024, especially if new ETFs catalyze further market enthusiasm for the cryptocurrency. ✅ Please share your thoughts about ETHEREUM in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.Longby FOREXN1114
ETHUSD bearish structureETHUSD seems to be in a long-term downtrend. The current Elliott Wave count suggests there could be a high risk-to-reward trade opportunity. Keep an eye on this one!Shortby pato1
ETHEREUM #ETH Cup and Handle projects $3400with a linear Price projection. Which would be fantastic of course! If this achieved, we can add the log target :) as that points to a new ATH. Lets Go!Longby BallaJiUpdated 131335
ETHUSD IDEAA change of character on lower TF inside the 4H TF demand zone. I am putting my entry on the order block inside the demand zone. Trade at your own risk!Longby TraderSammy1998Updated 5
ETH - LOCAL AND GLOBAL (JULY, AUGUST)I assume that everything is fine with ETH and the level that we broke through should have been tested. We will hold on to it for some time, but globally I expect further growth.Longby Ichigoo_KurosakiUpdated 4
Ethereum has a strong bearish momentum, could it fall further?Price is rising towards the pivot and could potentially fall from this level to the overlap support. Pivot: 3,522.8 1st Support: 3,414.3 1st Resistance: 3,621.6 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. 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. IC Markets 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.Shortby ICmarkets5
A Sneak Peek at This Week's Big Events (7/1-7/7)Bitcoin Investing Essentials This week is a big macro week, centred on Friday's U.S. unemployment and non-farm payrolls data, and the macro market, which has been dormant for days, is making a comeback, with important macro events on every working day. On the crypto, there is a high probability that the SEC will give a response to the ETH ETF this week. Quarterly delivery has just ended and IVs are low for all major terms, a good opportunity to open a position. 🌟 Heavyweight events this week: 7/1 Monday * 💼 US June ISM Manufacturing PMI 7/2 Tuesday * 💼 US June ISM Manufacturing PMI 💼 Fed Chair Powell, ECB President Lagarde and Brazilian Central Bank President Neto speak at the Central Bank Forum held at the ECB. 💼 The Reserve of Australia releases minutes of its June monetary policy meeting 7/3 Wednesday ** 💼 US ADP employment for June 💼 US initial jobless claims for the week 7/4 Thursday ** 💼 Fed releases minutes of its monetary policy meeting 💼 UK holds a general election 💼 ECB publishes minutes of June monetary policy meeting 💼 US SEC may approve Ether Spot ETF as early as today 7/5 Friday*** 💼 US unemployment rate for June 💼 US non-farm payrolls for June 📌 Crypto Market Outlook: The cryptocurrency market has had a rough month, with BTC and ETH spending most of the year in a shock decline since entering a correction in mid-March, with the crypto market being more subdued. Currently the overall IV is at a lower level, the margin released from the big quarterly delivery will gradually come back to the market, choose the lower IV at the right time and you can build a buy order. 📌 crypto interest rate market, Bitfinex interest rate market is relatively quiet, occasionally good interest rate orders, encounter the right interest rate orders can be actively traded.Longby Greeks_live0
ETH 20 weeks MA supported#ETH weekly closed with hammer alike candle at 20 weeks MA. no game if weekly closed below 20 weeks MA @ 3400-3300. likely to re-test $3980. DYODDLongby EL_STOCKTROOPER0
ETH/USDA bearish flag is a chart pattern used in technical analysis to identify potential downward trends in the price of an asset. It typically occurs in the context of a downtrend and signals that the asset's price may continue to decline after a brief consolidation period. Here are the key features of a bearish flag pattern: Flagpole: This is the initial sharp drop in the asset's price, which sets the stage for the pattern. It represents strong selling pressure. Flag: Following the flagpole, the price enters a consolidation phase, creating a small upward or sideways channel. This phase often appears as a parallelogram or rectangle, and it indicates a temporary pause in the downtrend. Breakout: The pattern is confirmed when the price breaks out of the consolidation phase in the direction of the prior trend, typically continuing the downward movement. This breakout is usually accompanied by an increase in trading volume. Shortby B9A-88652-NisarAhmad5
ETH Thoughts for Long Term Purchase EntryI've been watching this market unfold carefully and have been sitting in the sidelines in cash since $2800. The parallels to basically every bull trap post-bubble in all of crypto looks dead on to where we are at with the market. Not to mention overwhelming "to the moon" sentiment in all the ETH/Crypto subreddits. We still have yet to hit true capitulation and certainly not despair yet during this cycle. All the talk of super cycle / setting new highs sounds like peak euphoria/denial/NEW PARADIGM and thus I'm taking the trade against the herd. I'm going to begin entries at $1800, and will begin to DCA the rest of my position in as we poke around down in those lows. Purple is my buy zone in my chart, and I'm happy to buy anywhere in that region for a LONG TERM play. I'm looking to accumulate as much ETH as possible as I'm very bullish on it's future, and once my entries are in, all that coin will end up going into a self run staking node. If it goes below $1000, will really load the boat hard. Shortby chlorineUpdated 441
ETHUSD LONG 3370 SL & TP ON CHARTLooking to repeat the same trade taken a couple weeks ago, crypto likes to go green on the weekends this is due to there being no other markets available to trade & here we have ETH sat on a major support level 3370 if you look back couple weeks ago youll see the same position run successfully from this price level. I am expecting before market close today more blood come from the dollar as monthly profit taking incurs, 106.00 being a strong roof for the DXY a good level to have taken profits from. I would expect to see XAU & XAG & DOW gain before market close as well with crypto continuing to push over the weekend, however if gold & silver & Dow Jones fall hard before market close it may invalidate this trade. As this position has a very tight stop loss the risk is 0.5% R:R is 1:5 for this trade looking to make 2.5%Longby PGTradesUpdated 14
ETHEREUM - Buy Fear Part 2ETH Appears to be bottoming at the 1:0.618 Golden Window. Notice that there are no candle bodies below the 0.786 overshoot ratio on higher time frames such as the day chart here. Similar to other coins we are buying, we have the bullish pattern with bullish RSI on the 4 hour chart. ETH can be a great buy in this area because we still await phase 2 on the Path To Altseason where Bitcoin Dominance leads. Also can be a great one to hold if there is another dump as it may have limited downside compared to other lower ranked As I said, if there is another dump, ETH like many other coins will likely not go too much lower without a bounce. In that bearish scenario it may drop below the low a little, but not too much. But right here it looks good for a bounce and Bitcoin is also at a key Fibonacci band. So this is very good risk / reward here. Buy fear 👍. Not advice Longby dRends35Updated 3328
ETHUSD SELL ideaFriends let make money from ETHUSD SELL NOW Please your trade and ride with me, Enjoy the profit because it has touch the trend line , most likely to go sell off right nowShortby Olumine5
The latest signal analysis and trading advice!Hello, trader. The market fell further as we expected last week. During the economic data window, the market began to price in only one interest rate cut this year. This is not just for crypto market, but for all financial markets. This is likely to last until early July, before bulls come back and bring enthusiasm again. During this period, the PCE released this Friday will bring about a small rebound. In addition, multiple BTC ETFs have experienced net outflows for several consecutive days, which is also a microcosm of the US market sentiment. After some asset management companies submitted S-1 documents for the ETH ETF, the market expected that the ETH ETF would be officially listed in early July, which would also bring about a small-level rebound. Regardless, we are on the way to a rate cut, and the long-term trend for all types of financial assets must be upward. ETH fell less than BTC. This may be related to the upcoming listing of ETF ETH. Yesterday's decline saw significant trading volume, but eventually a pin-bar formed. For ETH, the MBF indicator does not indicate bottom-buying sentiment. There is no obvious blue column representing whales on the TSB indicator. The ME indicator continues to maintain a bullish trend, but the wavy area gradually narrows. To sum up, we believe that ETH is likely to remain fluctuating this week. We maintain our original resistance level 4000 and support level 2800. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. by Jason_TradersUpdated 1
ETHUSD morning updateBull count for ETHUSD. I see ETHUSD in wave 3 of (5) of ((3)). I'm looking for wave (5) to be extended, with an ideal target in the 8755.92-9398.47 range. I would expect this wave to complete late 2024-early 2025. I also expect the median line of the pitchfork to eventually be tagged. Wave ((4)) would pull back significantly but stay above peak of wave ((1)) at 4867.81. Bounces off .618 fib pulls included.by discobiscuit2
ETH longThese resistances are for flipping If it continues to dip I think ~3295 is a buy The altcoin market is looking rough but ETH feels strong right here (im already positioned though). The sentiment is pretty bad right now it sounds like a lot of people are stuck in bad alts. I could see that market staying dead while the majors take off (hopefully). Longby Alex-WeigelUpdated 113