$ETH LONG SCALP OPPORTUNITY!Limit Long CRYPTOCAP:ETH starting $2600-$2610. Take Profit at $2850. Stops at B.E starting $2700
ETHUSDT.3L trade ideas
#ETH is bullish, where are the new trading opportunities📊#ETH is bullish, where are the new trading opportunities❓
🧠From a structural perspective, the double-top bearish structure built near the resistance area has been destroyed, so we are left with only a bullish expectation. In the future, we will mainly focus on the bullish trend.
➡️Although we are bullish, we are currently near the resistance zone, so we need to be conservative if we are bullish. If we could get back into the buy zone below, we would buy without hesitation. 📈
➡️Although we are bullish, it does not mean that we will give up short trades. If we return to the resistance zone again and do not break through the previous high, we will consider placing some short orders. 📉
Let’s see 👀
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Ethereum New "Baseline" $1,500/$1,600 | Learn To Play The Game! Ok. Our "baseline" price was hit perfectly and the way we found this level was simply by projecting a line from the prices traded near January 2024 to the right. Since there was resistance on the way up, we concluded that there would be support on the way down. Sure enough, Ethereum wicked below this level but closed exactly in a mirror fashion as compared to the range it traded at in late 2023 before a strong rise. It is always the same but in reverse.
If you look at the left side of the chart, in early December 2023 Ethereum starts to "push up," upward pressure, buying pressure, bullish momentum. But there is some resistance to remove and it keeps on pushing and in January 2024 it continues pushing higher... It takes a while before all the resistance is removed and higher prices are possible. This is normal.
When Ethereum crashed earlier this month, it produced a long lower wick, support is being challenged. It will keep on pushing down, downward pressure, selling pressure, bearish momentum, until the support breaks. It is the same but in reverse.
The level at which Ethereum found support is exactly the 0.618 Fib. retracement level for the entire bullish wave. Almost amazing the exactitude of these levels. As if nature already had it all planned.
Ethereum is set to continue lower. If the support level doesn't break right away it will continue to be challenged, over and over, again and again, until it breaks. One of the main reasons why Ethereum is going much lower is just because people cannot believe it. People can't believe it, they think it is impossible but the owners of Ethereum, the exchanges, the whales, the institutions and the rest can really use a low price. They see it as nice and attractive and they have no problem at all with a low price. In fact, they welcome a low price. Knowing this, they can short the market easily and willingly and then buy again much lower. They are in no hurry and there is no reason to hurry. Think about it! Who is in a hurry? Only Peter and Johny who bought crypto for speculative purposes and getting rich quick mentality want this to grow fast. The developers and owners want it strong and stable, the professional traders and speculators simply want what is best for their pockets, smart money adapt to market conditions and this is what we have going right now.
Lower prices are welcome by the entire population of market participants but a very small few. This small few are the minority in some sense of the word and they are about to get a big surprise. Ethereum has been growing since June 2022, which is more than two years, and thus they cannot imagine it really crashing as it is about to do. This lack of imagination is one of the main drivers of the current situation. If people were aware, alive and active with the different potential scenarios things would develop much more differently.
I am going into details really just to enlighten and entertain you but it is just crashing, plain and simple. And this is good because Ethereum is one of the giants and money flowing out of Ethereum will support the smaller altcoins and smaller projects that have been neglected for a long while, and, Ethereum will surely recover to become better and stronger in the years to come.
To be honest, we love Ethereum, we love Bitcoin, we love Crypto and we just can't do without. We want to see the market grow, we want to see it evolve, we want to see it higher, we want it more and more and more, but we can read the charts now and the charts are saying down and so we translate what the charts are saying so that you can prepare and make the most of your journey in this game.
It is a game, even though a complex one, it is a game and if you are going to be around and enjoy; learn to play.
Namaste.
Quick update on ETH - Bear flag?As I mentioned in my previous update, it looks like ETH is trading in a bear flag. It looked somewhat decent after the bounce from 2.5k yesterday but now it's stalling and moving slow, which is typical for a bear flag. Still think we will see one more push towards 3k later this week but it could also drop down from here.
Anyway, assuming we are in a bear flag one should wait for either of these scenarios:
- Break of the bear flag and wait for a bottom, which should be around 2.2k in this case
- Wait for a final touch of upper resistance and go short
You really don't want to trade the price action within a bear flag, as it's completely random - And you don't want to short the breakdown, as it just could move back inside for a stop hunt.
So either trying to catch a bottom AFTER breakdown or wait for the upper bounds and go short, which should be around 3k.
Stay safe!
Ethereum longEthereum bounced off the lower boundary of ascending channel. Bullish movement to resistance level at 2750 is possible.
Phemex Analysis #14: ETH - What's Next? PHEMEX:ETHUSDT.P recently breached its $2800 support level before rebounding to the $2700 range. This significant drop has transformed the previously supportive $2800 level into a formidable resistance barrier, currently preventing further upward momentum. Unlike Bitcoin, which experienced a notable price surge following the launch of its ETF, Ethereum's ETF has thus far failed to ignite a similar rally.
Given the current market dynamics, several potential price trajectories for ETH emerge:
Bullish Scenario
A decisive breakout above the $2800 resistance could signal renewed bullish sentiment. However, substantial selling pressure is anticipated at the $3300 and $3600 levels, which could hinder sustained upward movement. Without a catalyst such as significant positive news or a broader market uptrend, overcoming these resistance zones will be challenging.
Bearish Outlook
Alternatively, ETH might undergo a downward correction, potentially retesting the $2000 support level. This level could serve as a consolidation area before a potential rebound. If bearish pressure intensifies, a breakdown below $2000 to the $1800 level cannot be ruled out, though such a scenario warrants caution.
Range-bound Movement
A more likely scenario involves ETH consolidating between the $2500 and $2800 levels. This sideways price action can offer opportunities for range-bound trading strategies, such as the use of Neutral Grid bots. However, implementing stop-loss orders at both $2500 and $2800 is crucial to manage risk effectively. For investors seeking more pronounced price movements, adopting a wait-and-see approach until a clear directional bias emerges may be prudent.
Ultimately, the future trajectory of ETH will depend on a confluence of factors, including overall market sentiment, investor behavior, and the impact of regulatory developments.
Note: Pulse is offering $500 PULSE to all new Phemex users. Sign up for Pulse quickly!
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
Weekly Outlook Aug12-19: ETHThis chart looks quite awful. I'd avoid until we have weekly closes back above resistance.
ALTS that will SURVIVE 2024 - and BEYONDIn today's post I'd like to invite you to add the alts YOU think will survive, and why. Add in the comment section!
Incase you missed yesterdays post...
I remember the good 'ol days, when the amount of options you had was limited to one hand.
First there was Bitcoin. Then came ETH, LTC, XRP and BCH (Bitcoin Cash). And a few other's later came like Bitcoin Gold and CRV. But oh man, were those the days. Crypto felt oddly "safer" back then, despite mt gox and pyramid schemes running rampant. Because today - the enemy is actually in the camp...
New alts are being released every hour (probably more) and it's just the one airdrop to the next rug. Lot's of progress has been made in this space which is blockchain, but we're still not really seeing the original promise of Bitcoin being fulfilled (fast and affordable cross border payments, ) amongst others.
Today, it has become close to impossible to separate the crop from the cream in terms of coin accumulation. If you bought BTC two years ago, or ETH, or LTC - you'd currently be in profit. However, some alts don't even exist for a month after release date never the less a year or more.
So let's talk about which altcoins I believe have a future FOR SURE. Remember that this is a highly debatable point; but I am going to point out the few that I believe will survive (at least past year and possibly beyond).
👉1) Bitcoin
Bitcoin is not an altcoin, it is the original crypto. The KING. The first commandment and promise of a fair, open and transparent future on the blockchain. BTC's price may be overvalued occasionally, but it will always have the benefit of being first. And with so many institutional investors, I think it's a safe play for the foreseeable future.
👉 2) Ethereum
King of the alts, first of it's kind. Ethereum is the world's first smart contract platforms which remains the most popular choice among developers even today. Following Bitcoin's decentralized concept, Ethereum has become a leader in smart contract platforms and dApps. Eth is here to stay.
👉 3) Solana
Competitor now to Ethereum, SOL has previously surpassed ETH (not in price). With over 95 million transactions daily, Solana has become the fastest blockchain and recently surpassed Ethereum in Total Economic Value. Many devs prefer Solana, and I believe it will stick around for the foreseeable future.
👉4) Dogecoin
I hate how dependent Doge is on Elon Musk. But, for some reason, Mr Musk has a fascination with Doge and has promised many times to include it as a payment option on X (formerly Twitter). Even though it seems like a pie in the sky, something like that would significantly increase the value of Doge. I don't see it as a "forever" coin, but definitely on the list.
I think a key point to note here, is that back then, they (the founders) were doing something revolutionary. They were and are the titans of the industry. Today, anyone with GPT can create a functioning alt that "serves a purpose" or has "fundamental use case" in some way. It's true that AI is revolutionary, and I am very bullish on the concept of AI and the promise of automation for human kind. But this far, it hasn't been profitable, yet.
OpenAI makes losses and cryptoai is just leveraging off the larger AI, or the concept thereof... Sure, there are privately trained models, but at the current moment it takes a tremendous amount of resources (time, money, physical space) to do DL or Machine Learning, which if OpenAI cant make profitable... then neither can the cryptoai created by john, steve and bob.
10 Other ALTS that will probably make it past this year:
1) Shiba Inu (because people love it)
2) XRP (because many can't let go)
3) Cardano (because it has a cult following)
4) BNB (Binance supporters maybe?)
5) Chainlink (because oddly enough it's survived for this long)
You wouldn't catch me dead holding those 5, but still - I do believe they will survive for some time still.
Now, coins that I will actually buy and hold:
6) Kaspa (potentially a revolutionary alt)
7) Render (potentially an ai winner)
8) Monero (still the best privacy coin)
9) Sei (potentially a revolutionary alt)
10) Aave (still the best for borrowing and lending)
Don't miss the message here - you can still TRADE altcoins. There are good trading opportunities
and setups even for the worst alts. I know this because we trade them daily. But this post is not about trading opportunities - it's about the future, potentially the far future. Who will likely survive and why. Alts that may be worth accumulating an that probably won't rug in a month's time.
I hope you can take it for what it is intended to be!
______________________________
ETH long - swing tradeTaken another small swing trade on ETH.. based on the exact same range we are currently trading in.
Overall ETH plan remains the same and it shouldn't stop you from taking range trades based on HTF ideas and trading plan.
Entry 2598
TP 2700
SL 2550
IF we break above the current highs expect us to aggressively trade towards the HTF buyside.
IF we fail to hold the current lows expect to retrace towards 2550
No need to front run the market...today is Monday so let it set up the weekly range.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
ETHUSDT🔍 ETH/USDT 1-Hour Chart: Strategic Timing for Longs and Profit-Taking 🚀
The 1-hour ETH/USDT chart highlights key moments for traders and investors. The green line marks the optimal time for entering long positions or accumulating, with ETH expected to correct locally. Red lines signal potential local peaks, ideal for profit-taking.
On higher timeframes, the weekly chart suggests that the current bull run's local peak could hit on August 15th, with the best long-term entry before the next Bitcoin halving likely not until January 2027. Timing your moves wisely could maximize gains in these critical periods.
#ETH #CryptoTrading #ETHUSDT #InvestmentStrategy
ETH → The resistance area will not be able to Resist!hello guys.
let's analyze Ethereum coin.
1. Price Action & Market Structure:
- The price has been in a downtrend, followed by a strong bounce from a key support level around 2,527.05 USDT.
- A bullish channel has formed as the price is making higher highs and higher lows, indicating a potential recovery in progress.
2. Key Levels:
- Flip Area: The chart notes a flip area where the price was expected to move downward but instead failed to do so, suggesting this level has turned into a strong support.
- Target Area: The chart identifies a target area of around 3,081.55 USDT. This area is likely a resistance level where the price could encounter selling pressure if it continues to rise.
3. Bullish Channel:
- The price is moving within a rising channel, with a potential bullish continuation if the channel is maintained. The channel suggests the price could continue to rise, with pullbacks likely finding support near the lower trendline of the channel.
- The chart projects a possible movement pattern within this channel, suggesting the price may pull back slightly before moving higher toward the target area.
4. Projection:
- The price is likely to continue its upward trajectory within the bullish channel, with a potential target around 2,816.25 USDT first and then 3,081.55 USDT.
- A break below the channel could indicate a potential bearish reversal while maintaining the channel, which could see further upside.
Summary in Bullet Points
- Bullish Channel: Price is currently moving in a rising channel, indicating a bullish recovery.
- Key Support: Strong support around 2,527.05 USDT, previously expected to push the price down, has held firm.
- Resistance Levels: Watch for potential resistance at 2,816.25 USDT and the target area around 3,081.55 USDT.
- Outlook: As long as the price stays within the channel, the outlook remains bullish with possible targets above.
___________________________
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#ETH is blocked by the resistance zone, what’s next?📊#ETH is blocked by the resistance zone, what’s next❓
🧠 We started to rebound after getting support near the neckline as expected, but unfortunately we failed to break through the blue resistance zone to continue the bullish power, so the long orders we got near the neckline were swept away after the stop loss was moved up. dropped.
➡️Structurally, we have constructed a double-top bearish structure near the resistance zone, so there is the possibility of a deeper pullback. But there is a contradiction as there is also a bullish double bottom structure on the 4-hour chart.
➡️Since there is a conflict, we need to wait patiently for the conflict to be resolved before participating in new transactions. If you, like me, hold short positions in relatively good positions, then you can reduce your holdings and then look forward to the possibility of deeper adjustments.
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BITGET:ETHUSDT.P
papicoin long term strategy for ethereum $ethblessings to all sisters and brothers who search and work for consciousness, love and freedom.
for you who understand what is going on and see on crypto the opportunity to empower decentralized communities for decentralized power and wealth, i am glad to share my long term strategy on theses cryptos that I am willing to accumulate and hodl.
the green areas are the ones I will use to but and accumulate, the lower the prices the more amount of capital, of course.
in the blue areas I will be taking some profits, the higher the price the more I will distribute.
feel free to ask anything, i would be glad to answer, but I do not promise immediate responses, lol.
keep connecting to the vibrations and elevating the frecuencies for the human awakening by meditating, praying, celebrating and being the origin of love and harmony!
2024-08-12 ETHUSDTPay attention to opportunities to go long this week. Issue support for target 2700 above 2300-2400; two thousand and nine hundred
ETHUSDT 30MIN SHORTEthereum's initial correction in wave 3 is over and this downward movement is the beginning of wave 5
Fast Profits? ETH Down To $1800 | 4-8X (120% - 240%)➖ Ethereum hit a major low on the 5th of August, no significant bounce so far.
➖ Massive volume on the drop, the highest in years and a now continuation is developing.
👉 This is a SHORT opportunity.
Entry levels:
1) $2835
2) $2665
3) $2500
Targets:
0) $2350
1) $2235
2) $2100
3) $2000
4) $1900
5) $1800
Potential profits:
120% (4X) - 240% (8X)
Position size: <5%
(Always below 5%)
Adjust the stop-loss to your own linking.
Leveraged trading for experts only.
Remember the risk.
Good luck.
Namaste.
Ethereum Weekly Analysis: Bulls are Coming! (READ CAPTION)By examining the #Ethereum chart in the weekly timeframe (logarithmic), we observe that last week, the price entered the desired demand zone and, after dropping to $2110, encountered buying pressure again. Currently, it has managed to rise over 20% and is trading around $2500. As you know, this support level is crucial for the beginning of the next bullish trend, and if the price stabilizes above this zone, we can expect further upward movement to higher levels.
Ethereum - Buy on Range-Bound BreakouTrading Setup:
Buy on Resistance Breakout
Sell on Support Breakout
We already bought a little lower
We are currently waiting for new signals to make a new decision for our trade
So we wait for now
In general, if breakout ( up or down ) we will update the graphics
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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ETH target over 100001D time frame
-
TP: $7306 / $10,000
-
(1) $2100 is the best entry if fell again
(2) ETH is running Elliott Impulse Wave, and just completed the 1st and 2nd wave
(3) 3rd wave will come around 9/E, and reach its high in Jan ~ March 2025
(4) The low of 4th wave can be seen in April ~ June 2025
(5) The high of 5th wave can be seen in Oct ~ Nov 2025
(6) Keep being patient
ETH longA large sidewall has formed from above, which means that a sufficient number of positions for movement have been collected. As we continue to pull back from the big drop, I expect to see at least one more top above 2800.
It is best to enter on sharp declines, for me it is the range of 2510-2480
Ethereum Outlook ICT ConceptsEthereum Analysis
💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on ETH/USDT, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
💡 Previous Analysis Review:
In the last analysis, Ethereum experienced a significant sell-off, taking out the previous month’s low (PML) and capturing sell-side liquidity (SSL). Following this move, Ethereum expanded higher, and the price is now consolidating in a crucial range.
📍Current Market Overview:
Ethereum is currently trading around 2,649.20, navigating within a critical zone marked by a buy-side liquidity (BSL) and sell-side liquidity (SSL). Additionally, a 4-hour Fair Value Gap (FVG) exists around the 2,370 level, presenting a potential area for price retracement.
🔍 Identifying Key Levels
• PML (Previous Month Low): 2,645 – recently swept.
• PMH (Previous Month High): 3,567 – a possible target on a bullish breakout.
• PWH (Previous Week High): 3,385 – key resistance level.
• BSL (Buy-Side Liquidity): Around 2,706 – acting as resistance.
• SSL (Sell-Side Liquidity): At 2,535 and 2,206 – significant support levels.
• 4H FVG: Located around 2,370 – potential retracement zone.
📊 Key Considerations
• Current Price Position: Ethereum trades at 2,649.20, close to the BSL level.
• 4H FVG Reaction: A 4-hour FVG at 2,370 is a critical level to watch for price reactions.
• Consolidation Phase: Ethereum is consolidating, suggesting an impending move.
📈 Bullish Scenario
A bullish scenario might unfold if:
• Retracement into the 4H FVG: Price could retrace into the 4H FVG at 2,370 and find support, potentially leading to a rally.
• Sweep of SSL: A sweep of the SSL at 2,535 or lower could indicate a liquidity grab, setting the stage for a move higher.
• Formation of Higher Lows: If the price establishes higher lows above the SSL, it may signal a bullish continuation.
📉 Bearish Scenario
A bearish scenario could develop if:
• Sweep of BSL: If the price sweeps the BSL at 2,706 but fails to hold above it, it could indicate a bearish reversal.
• Break Below 4H FVG: A break below the 4H FVG at 2,370 might suggest further downside potential.
• Lower Time Frame Confirmation: Watching for confirmations on lower time frames could provide early signs of a bearish trend.
📊 Chart Analysis Summary
• Bullish Expectation: A successful retracement into the 4H FVG or a sweep of the SSL could provide a foundation for a bullish rally.
• Bearish Expectation: A sweep of the BSL without sustaining the level or a failure at the 4H FVG could lead to further declines.
📝 Conclusion:
Ethereum's price is positioned at a crucial juncture, with potential for both bullish and bearish outcomes. Monitoring the reactions at the BSL, 4H FVG, and SSL levels will be key to understanding the next market direction.
🙏 Thank you for joining us!
Exploring ETH/USDT today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
