Potential bearish drop?Ethereum (ETH/USD) is reacting off the pivot which has been identified as a pullback resistance and could drop to the pullback support.
Pivot: 3,288.47
1st Support: 3,031.09
1st Resistance: 3,444.45
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ETHUSD trade ideas
Ethereum’s Falling Wedge A Massive Breakout on the Horizon ?Ethereum (ETH/USDT) 4H Chart Analysis Falling Wedge Breakout Potential
Technical Breakdown
The 4-hour timeframe for ETH/USDT indicates a falling wedge pattern, a typically bullish structure that suggests a potential upside breakout.
Price recently hit $3,200, currently consolidating within the wedge formation.
The wedge pattern consists of lower highs and lower lows, compressing price action into a tightening range, which increases the probability of a breakout.
A breakout above the upper trendline could trigger a strong bullish move, confirming buyers stepping in.
Key Levels to Watch
Breakout Confirmation
A 4H candle close above the wedge trendline is crucial to confirm a bullish breakout.
Immediate Resistance
$3,500 This level might act as the first resistance after a breakout.
Support Zone
$2,750 - $2,700 – If price faces rejection, this zone could serve as strong support before another attempt to break higher.
Trading Strategy
Long Entry
Wait for a 4H candle close above the wedge trendline to confirm the breakout.
Stop Loss
Below $2,900 (recent swing low) to manage risk in case of a false breakout.
Targets
First Target $3,500 (psychological and technical resistance)
Second Target $3,900 (major resistance from previous price action)
Third Target $4,300+ (bullish continuation if momentum sustains)
ETH is at a critical inflection point, and a breakout above the wedge could lead to a significant bullish move. Keep an eye on price action, volume, and confirmation signals before entering any trades.
ETH/USDT 8H Interval Chart ReviewHello everyone, let's look at the 8H ETH to USDT chart, in this situation we can see how the price is moving in the downtrend channel, and you can see how we are approaching its upper limit. It is worth observing how the price will behave at this point because an exit on the top and therefore overcoming the first resistance can open the way to further increases.
Let’s start by defining the near-term targets that the price must face:
T1 = $3318
T2 = $3432
Т3 = $3569
Т4 = $3738
Now let’s move on to the stop-loss in case the market continues to fall:
SL1 = $3213
SL2 = $3017
SL3 = $2877
SL4 = $2700
Looking at the MACD indicator, we can see how it is attempting to return to the uptrend, while on the RSI indicator we are back near the mid-range, but there is still room for the price to go higher.
ETHEREUM (ETHUSD): Technical Outlook Many questions regarding Ethereum have been circulating, and I have provided a detailed technical analysis.
About a month ago, the market hit a significant daily resistance level and experienced a negative rebound.
Currently, the price is testing a strong support level horizontally.
By closely examining the chart and observing the price action, a falling trend line can be identified, indicating a classic bullish accumulation pattern.
The price is forming higher lows while respecting the descending resistance trend line.
I anticipate that the next bullish movement will begin after breaking above the resistance trend line, with a daily candle closing above it to confirm the breakout.
A bullish continuation could potentially lead to a target of 4000.
On the other hand, a bearish breakout of the horizontal support level may drive the market down to a support level of 2700.
$ETH tries to break out of the Triangle/Falling Wedge trendlineCRYPTOCAP:ETH gets ready to break out of the Falling Wedge & Triangle at the same time, as these two patterns share a trendline. I see many people have been entering longs all day long. And altcoins.
I'd rather wait. Buying right into resistance—that is not my style, to put it simply.
Momentum is looking pretty decent after establishing what looks like a Triple Bottom, but RSI is still below 50. I need to see it print a Higher High first because CRYPTOCAP:ETH 's Market Structure is still bearish—lower Highs & Lows.
Volumes have been unimpressive on the Daily too, and despite a slight increase today, I definitely need to see more to have any sort of confidence.
But the main test is the falling trendline, which Ether has been trying to break all day. So far, unable to.
Other factors playing main roles are:
1. The DXY (still stuck between support and resistance after filling its weekend gap below and finding support at a Fair Value Gap).
2. Nvidia still bleeding, causing fear across markets.
3. Ether vs. CRYPTOCAP:BTC chart, constantly bearish on the Daily, Weekly, etc. Shorter timeframes are showing a Double Bottom at exactly 0.030, and this could be the starting point of a reversal—necessary for all altcoins to do well.
To sum up, the main level to watch and set alerts for me is the trendline of Daily patterns.
Until that's broken, there is no way I'm opening any longs on altcoins. But I'm not trying to convince anybody—just collecting my thoughts here. Good luck. I know from the comments that some of you guys have been aping in. I wish you luck, as you will need it badly now.
💙👽
Ethereum Wave Analysis 30 January 2025
- Ethereum reversed from support zone
- Likely to rise to resistance level 3340.00
Ethereum cryptocurrency recently reversed up strong from the support zone located between the round support level 3000.00 (which has been reversing the price from November), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from November.
The upward reversal from the support level 3000.00 stopped the previous short-term ABC correction 2 – which belongs to the impulse wave (3) from January.
Given the strength of the support level 3000.00, Ethereum cryptocurrency can be expected to rise further to the next resistance level 3340.00.
ETH is beyond bullish In the morning I saw the red candles and thought ok we broke out of the wedge, that means a longer term consollidation before the bullish breakout.
But now the daily candle almost close and you see the buyers pushed the price back into the wedge pattern.
So from a technical standpoint the wedge is still intact and that is super super bullish.
The reason why that is a super bullish sign is that today the bears had a chance to break the wedge structure but there was not enough selling pressure to do that.
A wedge pattern falling down like this almost always breakout to the upside.
The wedge pattern is the right shoulder of a bigger inverse head and shoulders pattern, if you zoom out you can see it on the daily.
So price is respecting the chart very good sign.
Off course tomorrow they can try to drop the price again lower out of the wedge but I doubt it because you see the price is already bought up again.
So fundamentally the only thing that we need is wednesday a positive FOMC meeting. And we go moon.
I cannot see anything that is holding us back now.
$ETH - Bullish Falling Wedge CRYPTOCAP:ETH is currently forming two bullish patterns a falling wedge ($4400 measured move) on the daily as well as an inverse head and shoulders bigger pattern ($6500 measured move). Keep and eye on 200 SMA support pattern (Yellow) that should be your line in the sand to stay bullish. Also, need BTC to stay over 100k for a bullish healthy market.
ETHUSD Prepares for Expansion with Targets at $4,689 and $6,279
BITSTAMP:ETHUSD remains bullish, with the EMA ribbon confirming its upward trajectory. The price is currently holding above the critical $3,000 support, which has acted as a rebound level multiple times. Previously, a hidden bullish divergence formed on the Stochastic indicator. A hidden bullish divergence occurs when the price makes a higher low while the oscillator forms a lower low, signaling the continuation of the prevailing uptrend. This divergence is often considered a key signal for bullish continuation. The Stochastic has recently crossed above the zero level, indicating momentum with room to reach the overbought zones.
The Signal Builder tool has previously provided bullish signals, aligning with the current analysis. Entry opportunities could be around $2,927, upon the breakout of the descending trendline, or following the breach of a prior swing high during this pullback phase. Using Fibonacci projections of the last impulse, targets are identified at $4,689 (100%) and $6,279 (161.8%). The stop-loss is positioned below the last swing low before the $3,000 support break, around $2,116.
👨🏻💻💭 Does this analysis align with your perspective on BITSTAMP:ETHUSD ? Share your thoughts below!
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ETHEREUM Falling Wedge about to break upwards to 3800.Ethereum / ETHUSD is trading inside a Falling Wedge pattern, ranged between its 1day MA50 and MA200.
The very same pattern emerged in March 2024 and after a Triple Bottom it broke to the upside and hit the 0.786 Fibonacci extension.
This is a strong bullish signal. Target 3800.
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Visualize the next market movement with Ethereum analysisIf we consider Ethereum's correction from the historical ceiling of November 2021 as a WxY compound log in the form of the D branch, then we are very, very close to witnessing an extraordinary movement in the form of three other branches, two of which will cause a strange price growth in The price of ethereum and consequently the entire crypto market will rise
Today is January 29, 2025, and the price of Ethereum is in the range of 3100
This prediction was written by YAZDAN
ETH/USD - Head & Shoulders Breakdown Targeting $2,850🔻 Bearish Setup with Macro Volatility Ahead! 🔻
📊 Overview
Ethereum (ETH/USD) is showing clear signs of a breakdown, forming a Head & Shoulders (H&S) pattern on the 15M chart. The measured move suggests a target of ~$2,850, aligning with key Fibonacci levels and historical support.
This breakdown setup coincides with macro uncertainty as the Federal Reserve meeting (Jan 30-31) approaches, which could accelerate volatility across risk assets.
🛠 Technical Analysis
1️⃣ Head & Shoulders Breakdown (Bearish)
• Left Shoulder, Head, Right Shoulder clearly visible on the 15M chart.
• Neckline at ~$3,080 – a close below confirms the breakdown.
• Measured move target: $2,850.
2️⃣ Support & Resistance Zones
✅ Support Levels:
• $3,050 → Fibonacci 0.5 retracement.
• $2,900 → Strong confluence of trendline & Fib 0.618.
• $2,850 → 🔥 Measured move target from the H&S pattern.
ETHUSD - Fib Circle IdeaPrice is testing 1.618 in orange for the third time on this fib circle
This is a prime time for a breakout into further circle areas
Its either a breakout or a triple top, which I think the triple top is unlikely in the bullish state of the market right now
Circles should be drawn using the strongest trend line
Daily timeframe