ETH/USDEthereum it's in a Bullish Flag with a short-medium term target of around $5,000 or more.Longby OVER_THE_MATRIX0
SELL INSTANTETH is showing respect to the trendline and no seen too such big div here so you can open short position Shortby samiiqbal640510
ETHUSD: Bull flagHello, Looks like ETH is setting up for a push higher. It looks like it formed a bull flag, might start the push up anytime soon. Look for 3400 and 3700. Happy trading COINBASE:ETHUSD Longby MarathonToMoonUpdated 0
ETH Bearish Divergence On 4 Hrs ChartETH is forming a bearish RSI divergence on the 4-hour chart, this suggests a big dump is due at any time on ETH. Will ETH drop to $2200 to liquidate the retail and throw them out of the market?Shortby iqbal92n0
The Bright Future of Ethereum"Past performance is no guarantee of future results" - We all know this famous phrase... Nonetheless, Ethereum still has a very bright future in the next decade. *Why I'm bullish on Ethereum:* - Every competing "superior" and newer blockchain (Fantom, Avalanche, Harmony, ...) includes EVM (Ethereum Virtual Machine) Compatibilty. - These types of products that are always compared with often have a long future, because they are the golden standard every competing company wants to be (Apple, Bitcoin, Tesla, ...) - Ethereum's transition to PoS will ensure lighter regulation compared to PoW Blockchains in the coming years, where sustainability and net zero emission is a core element of the global agenda. - Bankers & Wallstreet LOVE Ethereum because it is the backbone of every major DeFi Application that replaces traditional Financial Instruments (AAVE - Lending, UMA - Insurance, SNX - Derivatives, UNI -Exchanges, DAI - Stablecoins, LINK - Infrastructure, YFI - Asset Management) - The majority of the Web3 Economy builds upon Ethereum (Metaverses, DAOs) - ERC-721 (NFT's) are revolutionizing the art market. - ERC-1155 is revolutionizing the entire gaming Industry. (Enjin, Axie) - It is completely open source. *Possible bearish scenarios:* - Eth2.0 (if it ACTUALLY ever launches) is completely underwhelming. - Cryptocurrency gets banned in the United States as well. - "Black Swans" (Pandemics, Terrorism, War) - Vitalik Buterin gets caught in money laundering (?) and his holdings will be confiscated by the government. - Satoshi Nakamoto returns from the dead and dumps his entire BTC stack on the market, which will drag Ethereum with it. - Ethereum gets exploited. - Global Internet outage. To wrap it up: I'm bearish in the short term due to the extreme correlation with US Stocks and ETFs. ETH is still completely overbought on the monthly chart. I'm looking at price levels around $1'200, if there is a black swan event, even around $700 is a possibility. I hope you enjoyed my thoughts and analysis on Ethereum. May the fortune be with you :) -CYANELongby cy4neUpdated 2212
Bearish DivergenceBearish divergence is written all over ETH daily chart and RSI, meanwhile the so called crypto experts on twitter are screaming "ALT SEASON". do not let them brainwash you. do not let them scam you. they pretend to share their "knowledge for free". nothing is free. they want to dump their bags on you.by SforShirazUpdated 558
Etherum Alert Anticipation DOWN For Market Dynamics Shift!📈 ETH Analysis & Key Levels📊 Target point ( 3,640.0-3645.9) 🔹 Resistance Level's 1) ( 3,600.0-3,620.0 ) 🔹 Support levels' 1)( 3760.0-3765.0) ⚠️Deep Support ⚠️ 👉 Trading strategies: *Pullback trading"✔️Buyon dips Sell O Rallies ✔️ *Breakout Trading*🚀 Ride the momentum 🚀 🔰Risk management tips: Set Stop loss irfery🔴 Manage Postion sizes based on volatility. 📊Trade Safety & Happy tradingShortby MrCharlie1Updated 2255
Will ETH bounce back?As we review BINANCE:ETHUSDT price action on the daily chart, a notable pattern emerges—a substantial falling wedge, traditionally indicative of a bullish reversal. This analysis comes at a critical juncture, particularly following the inflation data released on May 15th, 2024, which fuelled a general uptrend in the market. Ethereum capitalized on this momentum, marking a robust bullish candle on the chart. Critical Levels to Watch To sustain this upward trajectory, it is imperative for Ethereum to secure a close above the $3100 to $3200 range, which would signify a decisive breakout from the falling wedge pattern. This breakout is essential for confirming the reversal signal and setting the stage for further gains. Technical Indicators and Support Zones Ethereum is currently testing its 200-day Exponential Moving Average (EMA), which interestingly aligns with the lower trendline of the wedge. This confluence enhances the significance of the $2750 to $2800 zone as a critical support area. Should prices stabilize or rebound from this level, it would reinforce the bullish outlook. Market Sentiment and External Factors The market is keenly awaiting news regarding the potential approval of an Ethereum ETF. Despite high expectations, there is a prevalent sentiment that the SEC might reject this proposal. A rejection could exert downward pressure on Ethereum, possibly leading to a breach of the current support level. Under such a scenario, the price could retreat to the next significant demand zone, identified between $2200 and $2400. Strategic Considerations for Traders Given the potential volatility stemming from regulatory news and technical thresholds, traders are advised to exercise caution. Monitoring these key levels and staying abreast of market news are prudent strategies to navigate the uncertainties inherent in cryptocurrency markets. by MudrexUpdated 225
Bullish Antenna Pattern1 hour, 4 hours chart form an Antenna Pattern, which is a sigh of bullish. Bear will try to attack and destroy this pattern, and Bull will react to reject it. Let's see the fighting result. Bias is on the Long side, if reject bear's attacking. Break out previous high(4093.88 recorded on Tue 12th March, 2024) is expected. Longby BMYWinUpdated 330
ETHEREUM, back to $4,000?!Since May 20, ETH has risen by almost 30%! It stopped at $3974 and hasn't come close to reaching $4000. In my opinion, it's only a matter of time. I'm a buyer of ETH. Here's an interesting setup in the making: Back in the OTE zone Rebound on Order Block Initial liquidity will be taken at $3525 before heading for the $4000 psychological zone! Feel free to subscribe and boost this post if you enjoyed my analysis, and tell me what you think! Happy trading and a great week :) Longby InfiniteY2211
ETH. Max price of this cycle is almost reached.In order to know what the direction of the crypto market will be, we must go to Bitcoin first, but if it does not give us a clear analysis, we go to Ethereum. In this case, excellent Elliot wave behavior can be seen. Wave 3 arrived just at the point it had to reach, and so did wave 4. Right now wave 5 is developing, which tells us that it will reach the previous highs (approximately 4800 USD) Do not expect this route to be fast and strong, since we are talking about wave 5, which, unlike wave 3, usually occurs without force.Longby Cinnamon_Club332
Bullish On ETH/USDThe long Wick rejection and the recent whale move in the crypto market sustain my Bullish Bias. Still, we need to be more careful for stop hunt and well manage our risk. by Jolly4XUpdated 332
Order typesIn the past, a person would typically have to go to the brokerage or another financial entity to buy or sell a security. The trade would be then settled through a personal meeting or, as technology progressed, over the phone. Nonetheless, the implementation of modern technology within the financial markets of the 21st century made placing buy and sell orders as easy as a few mouse button clicks. Nowadays, many trading platforms allow their clients to execute various types of orders beyond ordinary buy and sell orders. Key takeaways: Using limit orders is generally considered one of the safest ways to buy or sell a security. Modern technology allows placing buy and sell orders with a few mouse clicks. A stop-loss and stop-limit orders are used to protect an investor’s capital. A trailing stop locks in some of the accrued profits. Quick trade orders get instantly filled by a single or double click on a bid or ask button. Limit order A buy limit order is used to buy a security at a specified price. This type of order is executed automatically in a case when the price of a security is lower than the value of the buy limit order. A sell limit order is used to sell a security at a specified price. It gets automatically filled when the price of a security is higher than the value of the sell limit order. This design occasionally allows for the execution of the buy limit order or the sell limit order at a better price. Generally, limit orders are one of the safest ways to purchase or sell a security. Quick-trade order Some trading platforms allow the use of quick-trade orders. A quick-trade order is a type of order that is instantly filled by a single or double click on a bid or ask button in a trading platform. These orders are relatively safe to use. However, filling this type of order in highly volatile markets might be difficult due to a quickly changing price. Market order When traders choose to use a market order, they let the market set the price of security. In essence, this means that for a buy market order, a trade execution occurs at the nearest ask. For a sell market order, a trade execution takes place at the nearest bid. The use of the market order is less safe in comparison to limit order because it allows for worse filling of orders in illiquid markets and markets dominated by algorithmic trading. However, some platforms offer their clients the option to choose the tolerance threshold for such trade orders. Good ‘Til Canceled order (GTC) This type of order remains active until it is filled or canceled. Stop-loss and stop-limit orders A stop-loss order sells a position at a market price if it reaches or passes a specified price. Unlike a stop-loss order, a stop-limit order liquidates a position only at a specified or better price. These types of orders are used to protect investor’s capital before depreciation. Trailing stop order A trailing stop order trails the price as it moves in the trader’s favor. For a long position, a trailing stop moves higher with the price but stays unchanged when the price falls. Similarly, for a short position, a trailing stop moves lower with the price but remains unchanged when the price rises. The intent of a trailing stop is to lock in some of the accrued profits. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade. Educationby Tradersweekly228
History repeats itself??The current price on Ethereum is mirroring price action from the retracement during January 2021 - July 2022. Expect price to fall between 5-6% before the bull market starts!Longby TheForexMessiahUpdated 1118
ETHEREUM / DXY chart is telling us something.That we can expect new High's on this ratio But not to expect the kind of run that ETH experienced last cycle obviously . Going from $88 to near 5K was a barn stormer of a Bull run a 50X !!! If this continuation head and shoulder plays out The linear projection would give us a 7.5X Whilst the log target suggests 18x A match for what #BTC did last cycle ... interesting right. Thisis still impressive for a mature network and should provide plenty of fuel for the #altcoinsLongby BallaJiUpdated 337
ETH short-term trading strategy, 1st targt 4000 ETH short-term trading strategy, 2024.5.28 15 demand zone holds, breakout an important bearish pinbar. 1st targt 4000 2nd target 4500 Longby nanutosakura0
ETH is primed upRecord low volatility after two years of accumulation, ETH is looking like a powder keg ready to explode. Longby GarsonUpdated 1110
ETHUSD Analysis.Trade Alert: ETHUSD Bearish Reversal Patterns 🚨 We have identified multiple bearish signals in ETHUSD, indicating a potential downturn: Head & Shoulders Pattern 👤 Double Top Pattern 🔃 RSI Bearish Divergence 📉 Entry Point: Place a sell stop at the break of the Higher Low (HL), specifically at the neckline of the Head & Shoulders and Double Top patterns. Target Prices (TP): TP 1: 📊 TP 2: 📊 Stop Loss (SL): Initially, place your stop loss above the Higher High (HH). Once the Head & Shoulders pattern completes, adjust the stop loss to be above the right shoulder or above the Lower High (LH). Trade Summary: Sell Stop: At HL break, neckline of H&S and Double Top TP 1: TP 2: Initial SL: Above HH Adjusted SL: Above right shoulder or above LH after H&S completion Technical Indicators: RSI is showing bearish divergence, further confirming the downtrend potential. Trade Type: Short Swing 📉 Good Luck! 🍀 Stay informed and trade smart! 📊Shortby Earn_withHassaan2
May.21-May.27(ETH)Weekly market recapLast week, the SEC unexpectedly approved the ETH ETF. Although it is still some time before the launch of the ETH ETF, the cryptocurrency market has entered a carnival. ETH started pumping, narrowing the gap with BTC in terms of gains. We believe that although the ETH ETF has been approved, the pledge utility of ETH will still make the SEC cautious about ETH. On the other hand, we saw last week that Donald Trump, the Republican candidate for the 2024 election, stated that he would accept donations from cryptocurrencies, support the development of cryptocurrencies in the United States, and ban CBDCs if the campaign is successful. This is also the reason why meme coins based on Trump have risen recently. If Trump eventually becomes President of the United States, cryptocurrencies will see an even bigger rise. ETH has performed well last week, with a price increase of nearly 30%, mainly due to the approval of the ETH ETF. Before last week's long green candle appeared, we can see from the MBF indicator that ETH's bottom-buying sentiment was sluggish. But after the ETF was approved, everything changed. On the WTA indicator, blue columns representing whales appear in groups, and trading volume also increases significantly. The wavy area of the ME indicator, which was about to turn into a bearish signal, has once again widened. For ETH, it is currently close to the high point of the year which is also a strong resistance level of 4000. In summary, we believe that the gradually increasing selling pressure will cause ETH to fluctuate this week. Based on the strengthening bulls, we raise the resistance level to 4000 and maintain the original 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. 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 Sypool1
$ETH Price Prediction 5/27/2024A bit of correction after price falls short of 4k. Look to hold support above 3685/50EMA if we drop below 20EMA. Further recovery is still expected which could begin at the start of next month. www.tradingview.comby CheddarBizcuitz1
Ethereum Eyes $3800 as Weekly Wedge Breaks: Bulls Charge ForwardEthereum (ETH), the world's second-largest cryptocurrency by market capitalization, is signaling a potential breakout after a period of consolidation. This technical upswing comes after ETH/USD decisively broke out of a well-defined weekly wedge chart pattern, raising hopes of a surge towards $3800. Understanding the Weekly Wedge Pattern The wedge pattern is a common chart formation used by technical analysts to identify potential trend continuations or reversals. In a rising wedge, two converging trendlines, one acting as support and the other as resistance, form a triangle-like shape. This price action often indicates a period of consolidation before a breakout. In the case of ETH/USD, the recent price movement formed a rising wedge on the weekly chart. The price action respected the trendlines for several weeks, suggesting indecision amongst buyers and sellers. However, a decisive break above the upper trendline signifies a potential bullish continuation. Bullish Sentiment Emerges The breakout from the wedge pattern is a bullish technical indicator for Ethereum. It suggests that buyers have finally overpowered sellers and are pushing the price higher. This could be the beginning of a new uptrend, with the upper target of the wedge around $3800 coming into focus. Several factors could be contributing to the renewed bullish sentiment surrounding Ethereum. The successful completion of the Merge, transitioning Ethereum from a Proof-of-Work to a Proof-of-Stake consensus mechanism, could be a key driver. This upgrade is expected to improve scalability, security, and energy efficiency for the Ethereum network in the long run. Indicators Support the Breakout Technical indicators on the weekly chart are also aligning with the bullish breakout. The Relative Strength Index (RSI) is currently hovering around 60, indicating neither overbought nor oversold conditions, leaving room for further upside potential. Additionally, the Moving Average Convergence Divergence (MACD) has generated a bullish crossover, suggesting a potential shift in momentum towards the upside. Potential Roadblocks and Considerations While the technical indicators are flashing bullish signals, it's important to acknowledge potential roadblocks that could derail the ETH/USD rally. The overall health of the cryptocurrency market and broader economic conditions will significantly influence Ethereum's price movement. A resurgence of regulatory scrutiny on the cryptocurrency industry or a broader market sell-off could lead to a pullback in ETH's price. Additionally, unforeseen technical challenges related to the Merge or delays in Ethereum's scaling roadmap could dampen investor sentiment. What to Watch Out For Traders and investors should closely monitor key price levels and technical indicators to gauge the strength of the breakout. If ETH/USD can hold above the broken resistance line of the wedge pattern, it would be a positive sign for the bulls. Conversely, a drop back below the trendline could signal a potential breakdown and a return to the consolidation phase. The trading volume associated with the breakout will also be crucial to watch. High volume breakouts are generally considered more reliable than those with lower volume, as they indicate stronger conviction from buyers. Conclusion The breakout of ETH/USD from the weekly wedge pattern is a welcome development for bulls. While the upper target of $3800 remains in sight, continued investor confidence, healthy market conditions, and successful implementation of Ethereum's roadmap will be essential for the bulls to maintain control. As always, proper risk management and close monitoring of technical indicators are crucial for navigating the ever-volatile cryptocurrency market. Longby bryandowningqln0
ETHEREUM DAILY ANALYSISHello traders, here is an analysis of Ethereum for the next coming days as you can see the price has been bullish for the past weeks and now it has reached a level of resistance(blue zone) that the price tested multiple times and that will be the key for this analysis because now I will wait for the price to break that level of resistance and retest it then I will look for long opportunities. Longby dlaminisya0