ETH painting a possible bottoming pattern- shampoo formation potentially in progress
- with a weekly mean reversion rather likely it seems ETH goes to 3k or so before heading lower
ETHUSD trade ideas
Ethereum Closes with 10% Loss, Testing Key Support at $2,400Market Update:
Ethereum had a challenging week, closing with a 10% loss, briefly dipping below $2,400.
ETH is now attempting to reconfirm $2,400 as support after wiping out all gains from September, turning market bias bearish.
Technical Outlook:
Ethereum is on the verge of making a lower low, and the coming days are crucial for the remainder of the month.
If weakness persists, the price could drop to $2,200, but if buyers return, a recovery towards $2,500 is possible.
#Ethereum #ETH #CryptoMarket #BearishBias #PriceAction #SupportLevels #ETHUpdate
"Ethereum Price Set to Skyrocket – Expert Predictions Here’s my expert take on Ethereum’s price outlook: By the end of 2024, ETH could hit $5,064.63. In 2025, expect it to range between $5,044.68 and $6,078.17, with an average of $5,973.21. Looking ahead to 2030, ETH could skyrocket, ranging from $15,825.07 to $17,361.45, averaging $16,502.73.
Ethereum’s powerful blockchain is built for scalability, security, and decentralization, making it a key player in blockchain and DeFi innovation. What are your thoughts? Will ETH hit these numbers? Drop your comments below!
$4,500 or $1,200? Ethereum's Symmetrical Triangle Holds the Key"Okay, so let's break down this Ethereum chart. It's painting a pretty classic symmetrical triangle. See how we have higher lows and lower highs? Those converging trendlines tell us the market's in a tug-of-war. Buyers are pushing for higher prices, sellers are trying to force them down, but neither side is winning... yet.
Now, here's the exciting part. With symmetrical triangles, the breakout can go either way – boom or bust! To get a sense of where the price might go, we measure the widest part of that triangle and project that distance from the breakout point. If we blast through the top, we could see Ethereum surge towards $4,500 or even higher! But if we crash through the bottom, things could get ugly, with a potential drop to $1,200 or even lower.
And there's more! I've spotted this 'invisible' trendline. It's not super obvious, but it's been quietly acting as support around $2,750. If we break down from the triangle and through that invisible line, it could trigger a serious sell-off.
But hold on! Don't get trigger-happy just yet. Triangles are notorious for fakeouts. We could see a quick pump above or a sudden dump below the trendlines that quickly reverses, leaving a lot of traders in the dust. So, be patient and wait for a confirmed break with strong volume before you jump in.
And here's the golden rule: always manage your risk! Use stop-loss orders to protect yourself from big losses, no matter which way the price breaks. And never, ever risk more than you can afford to lose, especially in this wild west of crypto.
One last thing: this is just my two cents, not financial advice. Do your own research, talk to a financial advisor, and be smart out there!"
Bearish reversal off overlap resistance?ETH/USD is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support which acts as a pullback support.
Pivot: 2,440.09
1st Support: 2,276.53
1st Resistance: 2,562.47
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ETH abc analysisThis analysis has been active since bitcoin gave a ss signal around june 13th and eth is doing what is expected.
It is about reading the price pattern and the result of the indicators
I will only share with you what the result of the analysis shows.
This could be wrong. MD
ETHEREUM - Correction Time as Divergence Formed with in WedgeSeems like we are in for correction in ETHUSD as we see clear bearish divergence on MACD indicator. The divergence is formed with in rising wedge chart pattern which adds confluence to the corrective move prevailing till next marked support area.
ETH Possible Buy The market is currently testing the current daily Fib area 0.786. Based on 4HR TF, the market seems to be forming a possible reversal chart pattern.
We could see Buyers coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
ETHUSD - Bullish divergence is appear on 1H chartETHUSD is bullish divergence is appear on RSI on 1 hour chart and i hope trend is reversal.
if eth can reclaim the black line then it has opportunity pretty much what the title says not much else to say long eth basically
Ethereum (ETH) - Crabs remain in control!It remains anemic.
For me it is not a trading zone and should be treated with caution. As it keeps making lower highs and trend is down on the daily
Weekly is holding by a thread. Take action if it breaks below
Below 2,300 = Red button.
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Most altcoins look like this. Only a few are still somewhat attractive, but unless this low holds. I see no reason to blindly bid on “support”.
__________
Safest entry above $3k.
Treat everything as resistance until that level is recovered.
ETHUSDPair : ETHUSD ( Ethereum / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame
Demand Zone
Buyer Beware. Retest of trend 50%.At the Time of Writing this, BINANCE:ETHUSDT Sits at 3327. Upward trend yesterday propelled by little volume and consistent with bearish sideways action. Chart showing short term Bearish trend. ETH still remains above major trendlines, 50% Fibs, and bull flag remains valid. However if one is looking to get in again. Seek tonight or this weekend for lower price. Price should touch the 3160 range again and may even dip into the point of control at 3000.
See my last article for last months trades and gains. Just traded arbitrage back out of BTC:ETH
E1:3160
E2:3010
PT:3691
SL:2876 w/ reentry at 2670 and a exit at 2997
Overall Bulls will be looking to turn Bull flag or rectangle into the handle of intra year cup and handle. Measuring from bottom of cup to top is about 2500, putting C&H Theory target at medium to long term goal of 6500. If ETH holds over 4250 I hill Buy to hold a long position again. If not POC is at 1760 and we do it all again. Happy hunting
could go either way most Technical Indicators are pointing down and were at top of current trend, However Havening is here and its the last one so you never know. Personally I feel with Institutions in Play, This will be one giant buy the Hype sell the news so get in and get out. Do not hold multi year bags in this economy. But Lets See what the gods of fate have for us this year.
- Soup Kitchen General Management
ETH Price Analysis: Eyeing a Sell Opportunity Near Key ResistancAfter finding strong support around the 2150 zone, Ethereum (ETH) began a recovery and has since entered an upward trajectory.
While this recent upward movement is encouraging for short-term traders, the overall long-term outlook remains uncertain. There is a strong confluence of resistance around the 2900 zone, which may pose a significant barrier to further gains.
In my analysis, despite the recent rise, Ethereum bulls are not entirely in the clear. The market is still vulnerable, and there is a strong possibility of another downward move, potentially pushing the price below the critical 2000 level before we see a genuine reversal and a more sustained uptrend.
In conclusion, I'm looking to sell if Ethereum approaches the resistance zone, especially near the 2900 level.
My target will be at least the recent lows, as I anticipate that the market may struggle to break through this key resistance.
However, this bearish outlook would be invalidated if Ethereum sees sustained buying pressure above the 3000 figure.
Trade Idea on ETHUSDEtherum is yet to give a good entry for buy or sell. From chart analysis on the long term view, we have higher probability for bearish move than bullish. Also, my short term trading position will be short after a bearish breakout from the raise channel, with first and second targets at 2604 and 2336 respectively. However, looking at the coming NFP economic data from US this Friday, trading with caution is adviced.
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Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
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ETHUSDT is Bullish now & many Traders don't see it !!ETH is forming a falling wedge on daily timeframe , Up we go if we do breakout.
✨After the fifth bullish wave, ETHUSDT has completed his corrective waves (ABC) , now it is time to start the five bullish waves and ETH is in the Megaphone.
🔵We have a Bullish Structure here
ETH formed a falling wedge on 1D timeframe🤔
Up we go if we do breakout , also a bullish Divergence (RD+) on MACD which shows Positive Signs for ETH.
✅ Due to the Ascending structure of the chart...
🟢 High potential areas are clear in the chart.
🟢 Bullish Wedge.
🟢 5th waves.
🟢Bullish Regular Divergence(+RD)
🟢Megaphone
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!
ETH's Situation: What Shall we Expect !!!ETH is forming a falling wedge on daily timeframe , Up we go if we do breakout.
🔵We have a Bullish Structure here
ETH formed a falling wedge on 1D timeframe🤔
Up we go if we do breakout , also a bullish Divergence (RD+) on MACD which shows Positive Signs for ETH.
✅ Due to the Ascending structure of the chart...
🟢 High potential areas are clear in the chart.
🟢 Bullish Wedge.
🟢 5th waves.
🟢Bullish Regular Divergence(+RD)
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!
Ethereum's Price Action Approaches Critical Resistance ZoneCurrent Situation:
Ethereum's price action is at a critical juncture, pushing into the former-support-turned-resistance zone of $2,600-$2,900.
A break above this zone would strongly suggest that a significant low has been established.
Technical Analysis:
Ethereum is also attempting to re-enter the descending price channel that has characterized much of the year’s correction.
If this movement turns out to be a false breakdown, we could witness a sharp, explosive rally, reinforcing the adage, “From false moves, come fast moves.”
Market Comparison:
In comparing Ethereum to silver and Bitcoin to gold, it's noted that Ethereum tends to act as a leveraged position relative to Bitcoin.
If a genuine crypto rally is beginning, Ethereum is likely to surge quickly, reflecting silver's historical performance relative to gold.
#Ethereum #CryptoAnalysis #ResistanceZone #MarketTrends #TechnicalAnalysis #CryptoRally
ETH FOR SCALPERS AND DAY TRADERS *1400 Points **Entry price and Target already marked in the chart itself FYI.
Stoploss as per your risk mgmt
Guys pls like, share and follow my ideas .
Thank You All
Ethereum just entered an accumulation phase after the breakoutEthereum just broke out of the months-long channel, and in this case, we didn’t see a breakout with strength and volume. However, ETH is entering an accumulation phase and will consequently need to make a decision to break out and rise back to last month's levels.
Just remember that the backbone of all cryptocurrencies is Bitcoin, and if Bitcoin decides to go up, the entire crypto market will rise as a result. So, I invite you to check out my Bitcoin analysis.
Thanks for supporting my analysis.
Good luck!
