Ethereum Upside to 5kPositive feedback loop in effect, from the price action. A higher probability of moving up to the next significant number of 5k, rather than back down to 3k.Longby linchy0055112
ETHEREUM → Consolidation before the rally. Ready for 5,000?BINANCE:ETHUSD breaks the resistance of consolidation pattern amid the news related to the approval of ETH-ETF. The reaction was premature, on rumors, and now the market is consolidating. Many wondered why there was not a strong surge and rally after the news. Reason: The rise from 3100 to 3850, almost 24% in a few hours, which followed due to the rumors about the approval of ETH-ETF was already embedded in the reaction, so the market did not have the potential to go up further, as there was strong resistance ahead, it would not have had enough strength. Now, ETH is forming consoidation to go up. The candlestick patterns on both W1, D1 and H4 form interesting bullish premises indicating that it is the buyer who is assembling a position with the aim of breaking the 3830-3950 resistance with the aim of rallying and updating ATH. Resistance levels: 3830, 3952, 4086 Support levels: 3730, 3660 Technically, a correction is forming. Within the correction the market is in consolidation. The correction will end when the price breaks through and consolidates above the mentioned resistance zones. Emphasis on 3830, as well as on the descending resistance at the local highs COINBASE:ETHUSD CME:ETH1! CRYPTOCAP:ETH CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL3 Regards R. Linda!Longby RLindaUpdated 1616119
ETH breaking out of the triangleAfter a big pump, ETH is forming a triangle on 4H, I am waiting for the confirmation of the break to the upside, with a target of 3950$Longby RaulStejerean0
Lingrid | ETHUSDT continuation of the UPTREND. LongBINANCE:ETHUSDT has broken out of its range zone and triangle pattern, propelling the market upwards with a new extension. Currently, the market is trading above the 3700 level, indicating a strong bullish momentum presence. If price experiences a pullback to support level and downward trendline, I believe it may be an opportunity to buy as the market's upward trajectory is gaining strength. The recent update of swing highs and higher lows suggests a strong bullish momentum. On the weekly timeframe, a significant candle has formed, creating a large buying area from 3700 to 3000. Given the market's break of the range, I expect to see a pullback followed by an ABC correction and subsequent continuation of the uptrend. My goal is the resistance zone at 3930.00 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻Longby Lingrid1117
ETH STILL BULLISH UNLESS!Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. ETH STILL BULLISH UNLESS! 📚 👉As we mentioned previously in our analysis attached on the chart, price broke above our marked zones, for the bulls to be kicking in again! 👉Moreover, price is trading inside this flat rising channel, still expecting new bullish movement, as the price will be approaching our lower blue rising trendline, to be targeting 4K. Unless price managed to break below the marked major swing low, then shift in momentum would be expected from bullish to bearish. 📚 If you like this kind of analysis don't forget to like and follow and as usual follow your trading plan and manage your risk. Be patient and good luck!Longby Hadi_karaali5
ETH - Ranges overview Here is a quick look at ETH. Not much happening in crypto lately in my opinion. If you've been in the crypto market for long enough and have experienced more than 1 halving and/or cycle you already know what's happening. We are simply in an accumulation phase and trading within 'tight' ranges on most assets until we 'breakout' either to the buyside or sellside. IF we hold the current HTF FVG (yellow box) expect ETH to continue higher towards 4000$ IF we fail to hold and close below 3700$ expect us to hunt the sellside liquidity resting around 3500$ No need to front run the market...let it come to you. 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.by Patrick27070
ETH - LongDetails on the chart. A thought/idea. Good strong resistance was broken and now lets see as BTC is doing higher highs, this might follow the trend too.Longby g_lallyUpdated 0
Is Ethereum prone to growth?📊 According to the price compression and buying pressure in the market, if the range of 3850 units is broken upwards and the price stabilizes above it, the price may increase to the range of 3950 units🎯, and in case of strength, the range of 4050 units🎯🎯. 📊 Otherwise, the price may fall to the range of 3700 units.Longby arongroups4
Ethereum ETH weekly large head and shoulders pattern channelEthereum ETH weekly large head and shoulders pattern channel, head and shoulders pattern white line: June 2021 is the left shoulder, June 2022 is the head and shoulders, and the right shoulder is expected to appear in 2024. It can be formed by falling back and stepping back to the price near June 2021. Pink channel line: It is the top price resistance line above the long line and also the short-term support line. The green channel line is the bottom price of the decline. There are three color lines. If any color line fails, the other two lines will be valid. It mainly depends on the direction of the white line, and the pink and green channels are auxiliary.by ZhongBenCong0011
$ETH #Ethereum Trading IdeaETH/USD (Ethereum) formed a potential bullish pennant pattern. Full send after a breakout. Need to break through that key level. After a breakout through that key level (resistance) my potential target would be $4637.23.Longby planfomo2
Eth short scalp ALL trading ideas have entry point + stop loss + take profit + Risk level. hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below. DisclaimerShortby bullstraders71
Ethereum USDT ... flag pattern Hello cryptocurrency traders.Ethereum has formed a flag pattern after a beautiful exit from the upward triangle, now it can grow to the size of a flag pole. Please trade based on your own analysis. Longby BaharmostofiUpdated 115
ETHUSDT BUY-STOP ORDER!!!!!!!ETH have been moving in a rising wedge without a breakout yet after sweeping liquidity now i have my price alert set waiting for a breakouts and retest to jump in on a buys to the buy side liquidity at 4,041.45 JOIN AND ENJOY...........Longby CAPTAINFX26
Thoughts on ETH and the upcoming ETFsI believe the spot ETFs are bullish for ETH long term. However, there is approximately 3 million ETH owned by Grayscale, which may be unwinded as the spot ETFs go live. I plotted the Grayscale ETH balances similar to how I plotted the spot BTC ETF balances. I forecasted that the spot BTC balances would stabilize around 300k, which I got by removing all active BTC purchases during the bull run. My thinking was that these active purchases may be due to a buy BTC, short perps-> redeem for GBTC after 6 months (which has a premium) -> dump GBTC, close perps trade. This trade was taken for ETHE as well. Unfortunately, the premium became a discount, people who took this arb trade in size lost a lot of money. You can see that Grayscale ETH and BTC stopped increasing as the GBTC and ETHE premiums became discounts, suggesting this may have been the case. My forecast ended up being correct, as the Grayscale balances declined from 600k to 300k, in which outflows began to slow significantly. The same method of forecasting reveals that there may be upwards of 2.4 million ETH that will be unwinded. If the ETH ETFs generate around 20% of the interest the spot BTC ETFs have gathered (which is based on calculating the Hong Kong and Canadian ETH ETF ratios, that is approximately 6+ billion USD of inflows into 9 billion dollars of outflows in the same period. Therefore, while I believe ETH will appreciate in USD terms, I prefer to long Bitcoin in terms of risk adjusted returns. Also, over a long time horizon, I believe ETH is more easily replaceable. This idea is still a long though. ETH is most likely going to go up as BTC goes up. Into the ETFs, it may outperform. I would not be shorting ETHBTC and I would not be shorting ETH. I will simply long BTC over ETH. (I unwinded by ETH long and used it to add to my BTC position)Longby r900000
ETHUSDT.1DThe daily chart for Ethereum (ETH) against USDT provides a detailed view of the price movements and key levels that could indicate potential future actions: Resistance Levels: R1 ($4,126.11): This level has been a recent high and could act as the first significant resistance. R2 ($4,371.66) and R3 ($4,752.50): These are the subsequent resistance levels that the price may encounter if it breaks past R1. R2 and R3 could serve as targets for taking profits if Ethereum enters a bullish phase. Support Levels: S1 ($3,301.24): This is the nearest support level where the price might find a floor if there's a pullback. S2 ($2,874.64) and S3 ($2,112.62): These lower supports may come into play if there is a significant downward trend or market correction. Current Market Position: The price of ETH is currently hovering near $3,771.07, positioning it above S1 but below R1. This suggests some consolidation between these levels. Technical Indicators: MACD (Moving Average Convergence Divergence): The MACD is close to zero with a slight bullish histogram, suggesting that there might be a buildup in bullish momentum, although the signal isn’t strong yet. RSI (Relative Strength Index) is at 66, which is moderately high but still below the overbought threshold of 70. This indicates that there might still be room for upward movement without immediate overbought concerns. Market Sentiment: The descending trendline from the peak in April to the present suggests that ETH has been under a bearish control but is now potentially trying to break this trend. A confirmed breakout above this trendline could signal a change in momentum to bullish. Trading Strategy: Bullish Scenario: Should ETH break above the descending trendline and R1, traders might consider long positions with targets at R2 and R3, setting stop losses just below R1. Bearish Scenario: If ETH fails to break the descending trendline and drops below S1, this could indicate a continuation of the bearish trend, with potential targets at S2 and S3. Traders might look to short ETH or exit long positions to minimize losses. Conclusion: Traders should monitor Ethereum’s reaction to the descending trendline closely. A breakout above this line and R1 could herald a new bullish phase targeting higher resistances. However, a failure to surpass these levels and a subsequent drop below S1 could extend the bearish sentiment. As always, market conditions, global economic factors, and news specific to Ethereum should be considered when making trading decisions.by MarsSignals1
Ethereum (ETH) Technical Analysis and Trade IdeaIn a recent rally, Ethereum demonstrated significant momentum. In our video analysis, we delve into potential long positions, contingent upon price meeting our entry criteria. Observing the 4-hour chart, we note a prior bearish trend that has now been disrupted by a bullish break in market structure. My bias leans toward a long position, but it remains subject to price action developments outlined in the video. Disclaimer: This content is not financial advice.Long09:13by tradingwithanthony8