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ETH3LUSDT SPOT

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ETHUSDT.3L trade ideas

Ethereum: Speculation, Open Mind ($1,600 Or $1,000?)While Ethereum is the second biggest Cryptocurrency, it is still an altcoin. Anything can happen within this market. We already know of the bullish potential and capacity for this and other projects to grow. We know these are great companies and the future of money, finance, but, we are witnessing a correction now and therefore we have to consider the bearish side. How far down can it go? Once the correction is over we go back to the bullish potential and how high can it go. Ethereum underperformed the market recently. This can be due to the fact that it has been growing since June 2022, while others hit bottom in mid to late 2023. The weekly MACD shows a strong, more than three years old bearish divergence. It shows the worst conditions and reading since January 2022, when the last bear-market started to gain full force: The first baseline level has been compromised. Looking at the weekly timeframe, it is easy to see how much more room there is available for prices to move lower. The "new baseline," the price at which Ethereum traded around October 2023, the level preceding the last bullish impulse, is the next target. This range goes between $1,750 and $1,550. The weekly RSI is already bearish, showing an almost 4 years long bearish divergence, and already lost its last support before a full-breakdown. Right now the most worrying fact are the Ethereum Spot ETFs; the want in, they went big and they want to buy between $1,000 and $1,200. This would be the level at which ETHUSDT traded around November 2022. I know this sounds really low but some altcoins are already there and right now Ethereum is just an altcoin and it underperformed the market recently (a sign of weakness). I think the next target is the "new baseline," but I am prepared for all scenarios just in case. It is amazing how fast everything can really change. One day we are relaxed looking at our computers and having fun in every way, the next day we have a crash and prices go much lower than any thought possible the previous day. This is how the markets work, they tend to produce sudden events that we never thought possible. The chart shows the tendency and the market follows with events that confirm and justify what the chart shows. After the correction is over, we will have a new growth phase and Ethereum can easy go above $10,000, but first we have to see how far down it can go. We only have a few months left for the entire correction and bottom to settle. After this, we are back on the positive and we think solely about LONG, up and green. Namaste.
Short
by AlanSantana
1
ETH Weakens Below 2460ETH Weakens Below 2460 After an impulsive bearish wave that began on August 24 near 2818, the price has been forming a bearish “Contracting Triangle Pattern.” Today, the price broke out from this bearish pattern and is expected to continue moving downward. The 2460 price zone, which was crucial for the bulls, has now turned into resistance. It appears that bearish sentiment is growing. The first support level is near 2390, which also serves as a short-term target. Additional targets where the price may pause are found near 2332 and 2207. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
7
ETH/USDT 1DAY CHART ANALIYSIS !!Here is the daily chart of Ethereum (ETH) against Tether (USDT), with a focus on a potential short scenario. The analysis based on the chart is as follows: The chart shows a clear descending trend with lower highs and lower lows, indicating bearish momentum in the market. The price is currently near a key support area of around $2,360, highlighted by the brown horizontal area. This support area has been tested multiple times and is crucial for the next price action. there is a resistance area near $2,800, which has previously acted as a supply area, which could potentially limit any immediate bullish rally. A breakdown from a small ascending wedge or consolidation pattern appears, indicating further bearish pressure. The chart shows a possible rebound from the current support zone, but with overall bearish pressure, the broader movement may remain downward until the price breaks above the resistance. Below is a long-term ascending trendline, which could act as a key support level if the current support fails. the short-term scenario remains bearish, with a short-term bounce likely from current levels. However, the general bias suggests caution, as the breakdown from the recent consolidation points to a risk of continued declines unless key resistance levels are broken. Note: This is not financial advice. Stay tuned for further updates and analysis. Thank you.
Long
by CryptoSanders9563
Ethereum Analysis by the Mallicast TeamThe Mallicast team has conducted a recent analysis of Ethereum and concluded that, on short-term timeframes, an upward trend is expected for this cryptocurrency. Based on the analysis, Ethereum is projected to move towards a price of $2806.40, indicating a potential for significant price increase in this period. This bullish trend suggests strong demand and possibly continued growth in the price within this timeframe. Investors and traders should closely monitor the market trends and make decisions accordingly. Additionally, it is advisable to employ appropriate risk management strategies to effectively capitalize on market fluctuations
Long
by mallicast
EthereumHi guys We are at the bottom of the upward channel. On the other hand, the amount of Ethereum in the centralized exchange has reached the lowest historical level. It seems that investors are not sellers at these rates. In the four-hour time frame, it seems that with the consumption of the $2408.3 support area, we can expect a downward trend similar to the scenario from the specified resistance range. On the daily time frame, according to maintaining the support area and ascending channel, provided that the ascending trend line is maintained, the price area of ​​$2250 can be attractive for buying. what do you think?
Short
by BiTBingo