ETHUSD (IDEA)Looks good for a long at this area for next week play. Bouncing of support nicely, aiming for fib trade to 27%. Happy trading everyone have a great week.
ETHUSD trade ideas
Ethereum Holds Steady Amid Volatility, Eyes on $2,800 BreakoutMarket Overview:
Ethereum had a volatile week but ended with a 1% gain, with buyers defending the critical $2,400 support level.
If ETH loses this support, the price could drop toward $2,000, impacting altcoins negatively.
Key Levels to Watch:
Current resistance: $2,800. A break above this level would signal buyers regaining control.
Support: $2,400. Losing this could trigger further downside to $2,000.
Outlook:
Ethereum is showing signs of market indecision, moving sideways. A breakout above $2,800 would end this hesitation and bring back bullish momentum.
#Ethereum #ETH #CryptoUpdate #PriceAnalysis #SupportAndResistance
ETHUSDPair : ETHUSD ( Ethereum / U.S Dollar )
Description :
Bearish Channel as an Corrective Pattern in Short Time Frame
Break of Structure
RSI - Divergence
Completed " 12345 " Impulsive Waves and " A " Corrective Waves
Demand Zone
Ethereum Eye $2900: Can It Recover Amid Vitalik's ETH Sales?Ethereum ( CRYPTOCAP:ETH ), the second-largest cryptocurrency by market capitalization, has been displaying signs of resilience, despite market-wide volatility. Following Bitcoin’s momentary drop below $59,000, Ethereum ( CRYPTOCAP:ETH ) managed to climb 0.66%, forming an intraday Doji candle. Currently trading at $2414, CRYPTOCAP:ETH has shown an intraday pullback of 0.14%, raising questions about whether this recovery could persist amid consistent sales of ETH by Vitalik Buterin and the Ethereum Foundation.
Technical Analysis: Bullish Indicators on the Horizon?
Ethereum’s current price action exhibits a notable rejection near the $2300 support level and its corresponding local support trendline, fueling the possibility of a bullish rebound. Analysts have identified this level as critical for CRYPTOCAP:ETH , and the lower price rejection provides hope that the bulls may regain control.
A closer look at the 4-hour chart reveals bullish divergence in the RSI between the past two dips near $2340. This divergence suggests a potential double-bottom reversal, a classic bullish pattern indicating an impending uptrend. In such cases, a reversal rally could push the CRYPTOCAP:ETH price toward nearby resistances at $2425, followed by Fibonacci levels of $2520 (50%) and $2624 (78.60%).
However, we highlights a crucial technical support for Ethereum around $2250, a breakdown below the TD support trendline could trigger an average correction of 53%, which could send Ethereum below the $2000 mark.
Bearish Sentiment: Concerns Over Ethereum Sales
The market remains divided on whether CRYPTOCAP:ETH can maintain its bullish momentum. One of the biggest concerns stems from sales by Ethereum co-founder Vitalik Buterin and the Ethereum Foundation. Their recent decision to sell significant amounts of ETH has raised alarm bells among investors, as many view insider selling as a bearish signal. Martinez’s analysis, reposted with the caption "Now it makes sense why Vitalik Buterin and Ethereum Foundation have been selling," reinforces the possibility of a sharp drop below $2250.
In addition to insider selling, Ethereum’s 10-day and 100-day moving averages are currently sitting slightly below its current price. This technical weakness, combined with a relatively neutral RSI of 45, suggests that Ethereum lacks the strength to push toward the critical $2900 resistance pivot in the short term.
Potential Price Targets and Scenarios
Ethereum’s price movements suggest a cautiously optimistic outlook, but the path forward is uncertain. If $ ETH breaks through the overhead resistance at $2824, it could aim for a 20% increase to reach $3175. However, falling below the $2120 support could result in a bearish correction down to $1769.
In a bearish scenario, Ethereum may retest the $2300 and $2200 support levels. A further breakdown below $2250 could confirm Martinez’s thesis of a significant correction, potentially leading to a massive selloff and further losses for ETH holders.
Fundamental Analysis: Ethereum’s Role in the Broader Market
While technical indicators show both bullish and bearish possibilities, Ethereum’s fundamental role within the crypto ecosystem remains strong. Ethereum is the backbone of decentralized finance (DeFi) and non-fungible tokens (NFTs), and it continues to lead the way in smart contract innovation. Ethereum’s network upgrades, including its transition to proof-of-stake, have been seen as critical steps toward long-term scalability and sustainability.
Nevertheless, Ethereum ( CRYPTOCAP:ETH ) is not immune to market-wide challenges. Broader macroeconomic factors, such as interest rate hikes and inflation concerns, have weighed heavily on cryptocurrencies. Ethereum’s price is also heavily influenced by Bitcoin’s movements, and BTC’s recent dip under GETTEX:59K poses additional risks for ETH investors.
Conclusion
Ethereum’s short-term prospects are mixed. On the one hand, the bullish divergence on the RSI, lower price rejection near support, and potential reversal patterns suggest that CRYPTOCAP:ETH could soon break out of its current trading range. On the other hand, insider selling by Vitalik Buterin and the Ethereum Foundation, combined with key moving averages sitting below current prices, implies that caution is warranted.
Whether Ethereum ( CRYPTOCAP:ETH ) rebounds to its former highs or faces a significant correction, investors should remain vigilant and adjust their strategies accordingly.
ETHUSDwave1:2,122
wave2:1,543
wave3:4,095
wave4:2,122
wave5:6,000?
Ethereum is now preparing for a 5th wave up, can we see it reach 6K at the 2Q of 2025?
BTCÐ 11 Oct Options Data18,000 BTC options are expiring with a Put Call Ratio of 0.91, Maxpain point of $62,000 and notional value of $1.1 billion.
212,000 ETH options are about to expire with a Put Call Ratio of 0.4, Maxpain point of $2,450 and notional value of $510 million.
With crypto continuing to weaken and the key $60,000 level now hotly contested, and ETH near the long-term support line of $2,300, a market change could be just around the corner. The first two weeks of the fourth quarter of this year were poor, the options market is also more depressed, the current options position has fallen to a new low since 2023. But a sluggish market also breeds new trading opportunities, and now the BTC flat IV on 8 November is only 50%, perfect for building some medium to long term calls at a low level.
Block call trading has been progressively more active this week, and there's a good chance it will be around the time of the U.S. election.
Eth at SupportCOINBASE:ETHUSD
Eth at uptrend support. It's respected this 4+ times so pretty stout.
$2120ish support held in major dump Aug 5, and again on September 6.
Psychological $2000 level additional support and then theoretically 1800, 1750s.
Are we really catching knives down a few more floors after we already came down from EUROTLX:4K ?
This just seems a natural spot to go long - plays out to close the CME gap and continue to $3200 in next few months.
Nobody knows but sentiment is trash, and chart finding bottom after bottom. Respecting these support areas makes sense.
The opportunity for Bitcoin to grow to 100KToday we are at another important point in choosing the further direction of the market, I want to consider the picture that has been created. First of all, I want to note the opening levels of the quarter as a key trigger of the market at the end of the year. According to the cue, the quarterly candle opened above 62.5k, which is a signal to hold the trend above 60k and gives an opportunity to try to continue the trend. When the level of 64k is overcome, the road will open for a sharp increase to 75. On a larger scale, at the moment there is a question of further movement from the key level of 60k to 90-100 by spring, or a rollback over the five-year plan up to 45-50 k. At the moment, given the weakness of the dollar, growth prevails with a probability of up to 70% in my opinion. A good opening of the quarter provides additional support for purchases.
According to the ether, the opening of the quarter is also in a good zone, above 2500, which ensures the maintenance of purchases in the long term and so far supports the probability of a trend of 5000. On a smaller scale, an opening above 2600 gives a signal for new attempts to exit above 2750, where the road will open immediately to 3500.
In the absence of negative factors in the form of powerful statistics on the United States and the departure of the euro below 1.09, it is quite likely that the cue ball trend will resume with an output above 75k this month. In this case, even with an increase in the dominance of the cue ball, the ether will be able to overshoot the last weekly candle, forming an inverted head and shoulders on the weekly chart and a high probability of going to 3500.
In case of pressure on the crypt from the foreign exchange market and the departure of the euro below 1.09 and even more so 1.075, the pressure of the bears will significantly increase. To push the cue ball to 75k+, the viola market can be squeezed with an increase in the dominance of the cue ball up to 75%+. In this scenario, from the middle of this week, a reversal of the weekly candle into a bearish one and sales on the air up to the 2250-2100 test is likely. The opening levels of the half-year and quarter will smooth out sales and insure against a sharp collapse, but it will become extremely difficult for coins to break through to growth in such a scenario.
The current weekly candle is highly likely to help consolidate the trend, and against the background of an attempt to surpass the last weekly one on the air by the middle of the week, such an attempt can be expected for individual coins.
Given the complexity of the market situation and delisting on the binance every month instead of one per quarter, as previously, I closed positions on weak coins with the monitoring tag ooki oax and pros, increasing positions on vib gft ast troy. According to these coins, there are still the largest growth targets among all binance coins, but I will take them into work after the announcement of delisting, if they remain in trade.
To date, OG has worked perfectly, which I recommended as a very liquid tool for saving money in the medium term. Given the current market picture, everywhere above 3.5-4.0$ OG is quite overbought and the probability of a deep pullback prevails. The goals for growth to $ 9-11 remain open, but I think they will not be fulfilled this year.
To date, gft and vib have remained a good alternative to OG to save funds in the medium term. As I wrote earlier, gft has a lot of liquidity, similar to OG, which makes it possible to trade even with a monitoring tag. For vib, liquidity is much lower, but signals for growth to 0.15-25 are left on the chart. It also remains, along with troy, the most oversold outside the monitoring tag among all coins on the binance. Just as interesting are the extremely oversold ast and troy, which are more suitable for scalping, because The ast is under pressure from incomplete emission and after an impulse of 50-70% it can roll back, while troy shows sluggish dynamics and inspires less confidence. However, I left signals for growth to 0.035-40 on a weekly basis.
Of the fantokens, only OG was considered for work because it has sufficient liquidity. For the rest of the group's tokens, the probability of additional drawdown prevails in the current market. Given the incomplete issue, many tokens can give a break.
ETH Nears Strong Support: Strategic Buying Opportunity AwaitsBITSTAMP:ETHUSD
Current Price: 2,389.19 USDT (+0.79%)
Ethereum is currently experiencing a sideways trend throughout October, positioned near the lows of 2024. This consolidation suggests an interesting opportunity for buyers if a dip occurs toward the 2,200-2,100 USDT range.
Technical Analysis
Daily Timeframe:
The Relative Strength Index (RSI) is at 43.11, indicating a neutral sentiment.
MACD shows a bearish signal at −31.70, suggesting potential selling pressure.
Momentum is slightly positive at −211.63, signaling possible buying interest.
Moving averages are predominantly bearish, with the 10-day Exponential Moving Average (EMA) at 2,432.09 and the 20-day EMA at 2,461.91, both suggesting selling momentum.
2-Hour Timeframe:
The RSI is at 43.02, remaining neutral.
MACD also indicates a sell signal at −13.12.
The Momentum indicator is showing a slight buying signal at −42.68, hinting at potential upward movement.
30-Minute Timeframe:
The RSI remains at 43.02, with neutral readings across various oscillators.
MACD is still bearish at −13.12, indicating persistent selling pressure.
Momentum shows a slight positive value at −42.68, suggesting potential for a short-term bounce.
General Commentary on Indicators
The overall state of the indicators across multiple timeframes reflects a market that is largely in a neutral to bearish phase. While oscillators like the Momentum and Williams Percent Range are indicating some buying interest, the dominant signals from moving averages and MACD suggest that sellers are still in control. This mixed sentiment suggests that traders should exercise caution while considering new positions.
Conclusion
Given the proximity to this year's lows and the current sideways movement, it presents a favorable opportunity to evaluate a buying position if the price dips toward the 2,360-2,370 USDT range. Opening buyer positions near these lows could create an advantageous risk-reward ratio, particularly as this level aligns with strong support that has proven reliable thus far. By positioning close to solid support, traders can better manage their risk while aiming for potential gains in the event of a market rebound.
Disclaimer: This content is for informational purposes only and should not be considered as financial advice. Cryptocurrency investments carry risk, and it is essential to conduct your own research or consult with a licensed financial advisor before making any investment decisions.
Ethereum Signaling a Possible Bullish BounceIn the weekly Ethereum chart above, several indicators suggest ETH could be approaching a significant support zone, potentially leading to a reversal:
The MACD is nearing a potential bullish crossover. This is typically seen as a signal that the downtrend could be losing strength and that buyers might step in soon. A confirmed crossover would likely lead to a shift in momentum towards the upside.
The RSI has dropped below the 40 level, approaching oversold territory (below 35). This indicates that ETH may be undervalued, and the selling pressure could be exhausted, hinting at a possible rebound in the coming weeks.
100 and 200 EMA: The 100 and 200 EMAs are acting as strong support zones. Historically, these EMAs have provided robust support during major market pullbacks, and they could hold up ETH’s price from further declines.
This indicates the bottom for ETH, and we can expect a bounce from the current support level.
HnS on $ETH Next what ?CRYPTOCAP:ETH is at important level making HnS formation and looks more bearish.
As a trader my job is to react the PA not forecast. Money management comes first before anything.
ETH/USD: Bearish Retest Likely Before Long-Term UpsideHello,
The current outlook for ETH/USD is somewhat negative. Pivot points on the daily, weekly, and monthly timeframes have acted as resistance, and there’s a potential for another retest of the yearly pivot point. While the short-term forecast leans bearish, the long-term remains bullish. Signs point toward a retest of 2282.606 before any potential upward momentum resumes.
TradeWithTheTrend3344
ETHUSD ForecastThe chart perfectly shows ETH to be in a falling channel.
But in the previous forecast I described why I see that ETH will fall by 10% at most and will grow further.
Therefore, I expect growth and exit from this channel.
ETHUSD-BUY strategy 90MIN chart There is slight BUYING pressure, plus we are near regression channel support. Further, positive stochastic helps the case of seeing higher levels again.
Strategy BUY @ 2,435-2,460 and take profit near 2,580 for now. SL based on personal wishes.
Ethereum: A Marketwide MergeThe entire Cryptocurrency market is about to undergone a "merge" type of situation, that is, everybody is about to lose money...
Good evening my fellow traders, how are you feeling in this wonderful day?
The weather is pretty strange over here, looks tricky, just like these charts.
The action between early August and now for ETHUSDT forms a bearish flag; bearish consolidation. The result of a bearish flag is the continuation of a bearish move. The continuation of the bearish move that started in March 2024 would lead to a new low. This new low would be equivalent to a lower low compared to August.
In this chart, there will be three stops:
1) $1,900
2) $1,750
3) $1,600 - $1,500
This is not just a drop but a down-move, the continuation of the bearish wave, the final leg down of the corrective phase that started earlier this year. This means that this won't be over in a flash. The bottom yes, it will happen fast but the move will develop throughout several days or weeks. It has been going for months now, Ethereum produced no real pull-back, the recent bullish action was weak.
Seeing some other Altcoins, we can say that there was some growth. Looking at Ether, ETHUSDT, we know that we will soon experience another low.
Since the market is interrelated, you can expect everything to move down; most of the pairs but not all.
This will open the doors for new players to enter the market and for smart traders to buy low.
Once the bottom is in, the rest is easy; buy and hold.
Buy and hold thinking of the long-term.
Buy and hold and accumulate.
Let it drop, then buy all throughout 2024 to sell only in 2025 after we experience major growth.
The market will speed up after February 2025. The first two months of 2025 will be going green. In late 2024 we will have the recovery. The correction happens now, it is set to end now.
Prepare to be merged.
Namaste.
Ethereum. All eyes on ma200 on the daily chart.I recommend considering longs only if we break through the MA200 on the daily chart. Until then, it is too early to consider longs.
ETHUSD Last call before $4600Ethereum has crossed above July's Falling Resistance and has started a new bullish phase.
A crossing above the 0.5 Fibonacci level, confirms the bullish extension.
This is the pattern that was followed last October (2023) right when the mega rally started.
Trading Plan:
1. Buy if the 0.5 Fib breaks.
Targets:
1. 4600 (the 1.5 Fibonacci level, in line with the Dec 7th 2023 High).
Tips:
1. The RSI (1d) has already been on a Bullish Divergence since the August 5th low. Similar pattern with the August 18th 2023 bottom. Perfect time and price symmetry.
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ETHUSD View!!The initiative is supported by German companies, including the global reinsurance firm Munich Re, which offers security against the common risks associated with cryptocurrency staking.
Staking with insurance
Bison’s partnership with Munich Re and Staking Facilities — a German staking provider — will enable the crypto trading platform to provide insured ETH staking.
The insurance is designed to cover the primary risk of “slashing,” which occurs when a network penalizes validators for improper actions, potentially leading to a loss of staked ETH.
ETHUSDPair : ETHUSD ( Ethereum / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves and " AB " Corrective Waves
Break of Structure
RSI - Divergence
Fibonacci Level - 38.20%
Demand Zone
ETH Best level to BUY/HOLD TP 50% gains🔸Hello traders, today let's review 8hour price chart for ETHUSD . strong gains recently off the range lows ,however currently price still stuck in the well-defined distribution range established in August 2024.
🔸We are stuck in mixed range / distribution, since previously price
dumped in the summer time therefore expecting more losses in this
market before an eventual recovery / bounce off the strong S/R below.
Range is defined by 2300 usd lows and 2750 usd highs. so far we are
still stuck in this range and I can't recommend any trades right now.
🔸Recommended strategy bulls: wait for a fake breakdown of the
recent range expecting one final swipe higher towards 2750 before
the eventual dump / breakdown. I got two important levels marked
down on my chart - 2 000 USD and 3 000 USD. Expecting price reversal
at/near 2 000 usd as the bulls will defend this level. Logical price target
for the swing trade setups for the bulls is 3 000 USD, this trade got
50% unleveraged/clean upside. Keep in mind that this is a swing trade
so naturally will take more time to hit TP. good luck, traders!
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Ethereum - Looking To Sell Pullbacks In The Short TermH1 - Bearish trend pattern
Currently it looks like a pullback is happening.
Until the two strong resistance zones hold I expect the price to move lower further after pullbacks.
Oct.1-Oct.7(ETH)Weekly market recapAfter the Federal Reserve cut interest rates, the Asia-Pacific markets, especially the Chinese stock market, experienced a strong rebound. On one hand, following U.S. restrictions on China in the import and export sectors, the Chinese stock market has underperformed relative to the Nikkei and the Mumbai Index. On the other hand, the Chinese government recently announced a reduction in the bank reserve requirement ratio to enhance the competitiveness of the Chinese market following the U.S. rate cut.
Although increased liquidity in the Chinese market benefits various assets, the U.S. market still dominates cryptocurrency trading, and the Chinese market has a certain degree of closure. Therefore, the performance of the Chinese stock market does not impact the cryptocurrency market, as evidenced by the stable performance of BTC ETFs recently.
Last Friday's non-farm payroll data did not show significant deviations, so the market will not conclude that we are entering a recession or recovering from inflation; rather, the economy remains under the control of the Federal Reserve. The CPI data to be released this week will further confirm this. If the CPI data does not significantly deviate from expectations, the market will still be driven by bullish sentiment.
Compared to BTC's bearishness, ETH is stronger. Thus, ETH experienced a larger decline last week and has had a weak rebound. According to the ME indicator, there is a possibility for further expansion of the yellow bearish zone. Similar to BTC, whale participation in ETH was low last week.
In summary, we believe that ETH may oscillate this week, with the likelihood of a decline greater than that of an increase. We maintain our original resistance level at 2,800 and support level at 2,100.
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.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Time to buy ETH
A good support line can be seen.
Scenario
a) Either Ether goes down to the support line and then it's a better time to buy it (probably the last good chance in the cycle)
b) If it breaks the resistance line, then we can look for a place to buy Ether after the breakout.
