$eth starting slow but will finish strongconfluence this cycle is eth is lagging CRYPTOCAP:SOL and CRYPTOCAP:BTC which is not good for this chain. as a dominant player it will still run for now. but im not holding much eth spots as i have become a sol maxi. Longby NerdFox1111
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 riskLongby JoyBoyVegae2
Analyzing the Relationship Between Ethereum and the S&P 500The Fractal Theory and Crypto The financial markets, often chaotic and unpredictable, can sometimes reveal patterns that repeat themselves over time. This concept, known as fractal theory, suggests that similar patterns can occur across different time frames and asset classes. In recent times, some analysts have drawn parallels between the price movements of Ethereum (ETH) and the S&P 500 index. The S&P 500 Fractal and ETH Ethereum's price action may be following a similar pattern to that of the S&P 500 index in 2020. If this fractal theory holds true, it could have significant implications for the future price of Ethereum. The S&P 500 index experienced a sharp decline in March 2020, followed by a V-shaped recovery. If Ethereum were to follow a similar trajectory, it could potentially surge to new all-time highs. Key Factors Influencing ETH's Price While the fractal theory offers an interesting perspective, it's important to consider other factors that could influence Ethereum's price: 1. Network Upgrades: Ethereum's ongoing development, particularly the highly anticipated Shanghai upgrade, could significantly impact its price. This upgrade is expected to unlock staked ETH, potentially increasing market liquidity and driving demand. 2. Global Economic Conditions: Macroeconomic factors, such as interest rates, inflation, and geopolitical events, can influence the overall market sentiment and impact the price of cryptocurrencies. 3. Regulatory Environment: Regulatory clarity and favorable policies can boost investor confidence and fuel price appreciation. Conversely, stringent regulations could dampen market enthusiasm. 4. Institutional Adoption: Increased adoption by institutional investors can provide significant support to Ethereum's price. As more traditional financial institutions recognize the potential of blockchain technology, they may allocate a portion of their portfolios to cryptocurrencies. Potential ETH Price Prediction Based on the fractal theory and other factors, it has been predicted that Ethereum could reach a price of shortly. However, it's crucial to remember that price predictions are inherently uncertain and should be taken with a grain of salt. Conclusion While the fractal theory provides an intriguing framework for analyzing Ethereum's price movement, it's essential to consider a range of factors that could influence its future trajectory. As the cryptocurrency market continues to evolve, staying informed and making informed investment decisions remains crucial. Disclaimer: This article is for informational purposes only and should not be construed as financial advice. It's important to conduct thorough research and consult with a financial advisor before making any investment decisions. Longby bryandowningqln1
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.by axelrodd7
Road to $6KThe support is strong and it kept the same distance Strong buy area where is at Suggest buy at 2,435 area or before 2,440; those are the good buy zone; Set stop loss at 2,420 or 2,415 just to be safe Take profit at 6,000 maximum. Or take profit at your own risk. Longby JoyBoyVegae4416
Oct.29-Nov.04(ETH)Weekly market recapLast Friday, the non-farm payroll data fell significantly short of expectations, leading to a substantial increase in interest rate cut anticipations. The price of ETH surged before retreating, with the majority of traders attributing the disappointing data to the impact of the hurricane, as the market response was less than favorable. Currently, the differing expectations regarding monetary policy and future inflation between the two candidates in the U.S. election make the election outcome pivotal for the mid-term trajectory of BTC, while also impacting the price of ETH. Should Trump be elected, the promised favorable policies may come to fruition, increasing the likelihood of institutional investments in BTC, thereby enhancing its fundamentals as digital gold. Conversely, if Harris takes office, the SEC is expected to maintain its stringent stance on cryptocurrency regulations. Last week, ETH experienced an initial rise followed by a decline, but the overall fluctuations were minimal, remaining within a consolidation range without any significant trend. The WTA indicator showed blue bars representing whales, which disappeared after Saturday, indicating a withdrawal of substantial capital. The ME indicator continues to reflect a bearish trend. In summary, we anticipate that ETH may continue to oscillate this week. We maintain our previous resistance level at 2800 and support level at 2200. 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.by Sypool111
ETH USD ETH USDT bounced back from 2450$ area. Close long and wait for chance to get entry arround 2350$--2360$ #ETH #usd #cryptoLongby Exness_Forex_Trading0
ETH USD ETH USDT bounced back from 2450$ area. Close long and wait for chance to get entry arround 2350$--2360$ #ETH #usd #cryptoLongby Exness_Forex_Trading0
ETH/USD Targets 1Y Pivot as Support WeakensHello, BITSTAMP:ETHUSD has settled below the 1-month pivot point, suggesting a potential move toward the 1-year pivot point unless the previous lows can provide support again. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344 by TradeWithTheTrend33441
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.Longby DNP-FX4
ETH SHortTaking this trade for the leap competition. 4 hr momentum is down, 1 hour trend is down Scanner showing strong supply zone on 15 min chart. Shortby thechrisjulianoUpdated 1
Likely a bit more correction before a potential bounceHello all, I got scalded a while ago for looking at the small picture, so I decided to zoom out to larger timeframes to throw a guess at what the majority of ETHUSD traders could be thinking. I have seen two-three main groups of ideas in the 1D timeframe running. Some propose a giant triangle, some a channel, and just a few did a funnel. These ideas are supported by a decrease in volume from the starting point of the structure. From the picture, interestingly, we can think: - a breakout of the big triangle occurred, and now the price is testing the upper trendline before shooting up (although the triangle idea has not been validated because there was not a higher volume break out) - we touched the top of the channel, and now we are on the way down to test its bottom (this seems more likely as we are awaiting volume breakout or price bounce) Now, I think the point is not what "I" think, who cares, but what *most of the trading volume* think, because that's the direction the market will take. The interesting thing is that the triangle and the channel converge between $3800-$3650, so the plans of people (bulls and bears) that are driven by either idea (triangle or channel) will be converging at nearly the same point. I cannot see more options than the triangle/channel in this 1D timeframe, so I'd say that there is still a bit to go down in ETHUSD to touch around that convergence, and then a big move. About that big move, now look at the RSI. The top trend line is showing a bearish divergence with price, which started quite a while ago and has not been broken, and is converging with the bottom line that follows price action. That bearish divergence is a big worrisome, because it has been there for a long time. For that reason I think that a bullish stance is fine thinking of fundamentals and the hype, but a lower risk/higher reward entry would be after we breakup from the RSI triangle in high volume. Bears will have a say if we breakdown from that RSI triangle though, because if we break from either the price triangle or the channel, there would be a target to either $2700 or $1650 coming. note: the RSI is the AverageGain/(AverageGain + AverageLoss). A bearish divergence means that while the price is going up, either the steps up get shorter (less up momentum) or the steps down get longer (gain of down momentum). At some point the imbalance should cause a breakout, crash, oversold and recovering of price up. Personal view, not financial advice. You draw your own plan! Any thoughts welcome. by molbioinfoUpdated 444
Technical Analysis for ETHUSDThis is an update for the H1 ETHUSD chart. Both support has been drawn.if it break upper trend channel. It might retest 2513 region and dip. If it breaks the swing low support at 2379.0, then, in my opinion, the price might dip further dip the 2347-2326 region. Any further changes will be updated. by avatarfreak1
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.by DEXWireNews10
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!by EliteFxAcademy_CRYPTO4
ETH -40%Using various technical tools, I come to one result and that is more decline. In this analysis, the result is based on EW. Any green can be a correction wave. MDShortby MoralDiscipleUpdated 6611
Market Scenario and Potential Buying OpportunitiesAnalysis of Key Support Levels and Candlestick Pattern Confirmation The financial markets are often characterised by their volatility and the constant ebb and flow of prices. In this intricate dance, key support levels play a pivotal role in determining the direction of market movements. This aims to provide an in-depth analysis of the current market scenario, focusing on two significant support levels, $2,378.36 and $2,327.67, and the potential buying opportunities that arise should the market break and close below these levels. Additionally, the importance of candlestick pattern confirmation at the $2,035.97 level for a Bullish Deep Crab Pattern setup will be emphasised. Understanding Support Levels Support levels are price points on a chart where a security tends to find buying interest as it falls. These levels often act as a floor by preventing the price from being pushed downward. Identifying such levels is crucial for traders, as they help in making informed decisions about entry and exit points in the market. In the current market scenario, the two significant support levels to watch are $2,378.36 and $2,327.67. These levels have historically shown strong buying interest and have acted as a base for price rebounds. However, should the market break and close below these critical levels, it signals a potential shift in market sentiment. Significance of the $2,378.36 Support Level The $2,378.36 level has been a key area of support in the recent trading history. A break below this level would suggest a weakening of the bullish sentiment, prompting traders to reassess their positions. It is essential to observe the market behaviour around this level closely. Importance of the $2,327.67 Support Level The $2,327.67 support level is another crucial price point. Historically, this level has provided a strong base for price recoveries. A break below this level would likely indicate a further decline in market confidence, leading to increased selling pressure. Waiting for Candlestick Pattern Confirmation In the event that the market breaks and closes below the two significant support levels, attention should then be directed to the $2,035.97 level. At this juncture, it is crucial to wait for a candlestick pattern confirmation. Candlestick patterns are graphical representations of price movements for a given period. They are widely used by traders to predict future price movements based on past patterns. In this scenario, a candlestick pattern confirmation is required to validate a potential buying opportunity. Potential Buying Opportunities at $2,035.97 The $2,035.97 level is significant for the Bullish Deep Crab Pattern setup. This advanced harmonic pattern is known for its precision in predicting price reversals. The Bullish Deep Crab Pattern consists of four distinct price movements that create a specific geometric pattern, indicating a potential reversal point. For a reliable trade entry, it is essential to wait for a candlestick pattern to confirm the validity of this setup. This confirmation ensures that the market is indeed reversing and increases the probability of a successful trade. The Bullish Deep Crab Pattern The Bullish Deep Crab Pattern is a harmonic pattern identified by its precise Fibonacci ratios. The structure of the pattern includes: Confirmation Candlestick Patterns Several candlestick patterns can serve as confirmation for the Bullish Deep Crab Pattern. These patterns provide visual cues to traders, signalling a potential shift in market sentiment. Waiting for these confirmations ensures that traders enter the market with a higher degree of confidence. Conclusion In summary, the market's behaviour around the significant support levels of $2,378.36 and $2,327.67 is crucial for determining future price movements. Should the market break and close below these levels, the $2,035.97 level becomes the focal point for potential buying opportunities. However, waiting for a candlestick pattern confirmation is essential to validate the Bullish Deep Crab Pattern setup. By adhering to these technical analysis principles, traders can make informed decisions, minimizing risk and maximizing potential returns. The importance of patience and confirmation cannot be overstated in achieving successful trading outcomes in a volatile market environment. Longby RaynLim112
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 lateLongby JoyBoyVegae7
Bearish PossibilityI realy think this is still possible to happens and would be amazing before a bullrun. SMC tells me is real this possibilitty. @Given2Fly.EthShortby fabiowood3b1facfada1c4e320
Ethereum technical analysis (smart money concepts)Ethereum is stuck in a range. It just tapped into a monthly bearish fvg above. There is still some fvgs below with also equal lows liquidity resting below current price. Price could go down and sweep the lows, tap into the bullish fvg below those liquidity, before the real rally. However, this may not play out if price goes up again and displaces through the monthly bearish fvg above. I'm waiting for it to either displace through the bearish fvg above to go long. Or i will wait for it to sweep the liquidity resting below before going long. These are the 2 key levels by jaysnsd851
ETHUSD-BUY strategy 90MIN chartThete is buying pressure and we are positive on a number of indicators, some shown and some others are not shown. the chances we will return $ 2,500 is currently. Strategy BUY $ 2,435-2,460 and take profit $ 2,507 again. Longby peterbokma0
ETHUSD: Move Down Expected! Sell! Welcome to our daily ETHUSD prediction! We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 2,431.0 Wish you good luck in trading to you all!Shortby XauusdGoldForexSignals223
ETHEREUM - Sell IdeaThe downside trend is accelerating and seems to be moving to the next stage of the cycle. price action has a lot more downside potential in the pipeline. Next significant key-level is at $2285, our official profit target. Shortby BulletproofTraders3