Ethereum needs correction#ethereum #eth has been forming bearish divergence. A minor correction is necessary.
ETHUSDT trade ideas
#ETH (SPOT) entry range( 2330- 2530)T.(3380) SL(2310)BINANCE:ETHUSDT
entry range ( 2330- 2530)
Target1 (3080) - Target2 (3380)
SL .1D close below (2310)
*** collect the coin slowly in the entry range ***
*** No FOMO - No Rush , it is a long journey ***
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ETH Long Fair value gap between 2990 and 3023 has been filled.
Broken through 3K resistance. I think price is headed for 3500 now.
MACD also flipped bullish .
ETH Pullback Short : Rally Base Drop Supply Zone Looking at the 15 minute chart we see the formation of a rally base drop supply zone when the price reached the 3000 resistance zone .
After formation price revisited this zone and failed to break triggering a sell opportunity .
Very high probability of reversal using RBD supply zones especially at market tops.
ETHUSDT.P PERPETUAL Coiling up for action
Dear Intraday Degens,
How are you all doing?
Here's ETH on the 30-minute chart, and it looks like it's coiling up for action. We're seeing higher lows forming, with yesterday’s close acting as support. Volume is looking solid, and the resistance we're aiming to flip is from 02/24/2024, which isn't particularly strong.
Keep those charts open—I have a feeling something’s about to happen, hopefully in the right direction!
Stay safe and happy trading!
ETHEREUM : THE NEXT BULLISH RUN?On the weekly timeframe, ETHUSDT has created Change of Character, which means that the potential bullish trend will be continued. In the ABC correction phase, ETHUSDT has create Descending Broadening Wedge which leads to potential price breakout from the pattern. In the end of C correction, ETHUSDT bounce back in the Fibonacci Golden Zone, including Retest and 3rd Trendline Tap confluence.
Based on my analysis, there are 3 target for the future price of ETHUSDT:
1st Target : 4600
2nd Target : 5300
3rd Target : 7300
1st and 2nd Target will be potentially hit in 2025 or even faster.
This analysis will be invalid if the price breaks or close under 2110.
DISCLAIMER ON!
Alikze »» ETH | Ascending channel🔍 Technical analysis: Ascending channel and corner alcove formation in the green support box area
- Continuing the analysis of the previous post , the Ethereum currency faced selling pressure after reaching the daily and weekly supply range.
- After the formation of a Double Top pattern, it has had a zigzag correction to the green box range.
- It is currently moving in an ascending channel, where the recent correction has intersected with the bottom of the channel and the green box.
- Therefore, I expect it to grow up to Fibo 0.78 and the dynamic trigger after the swing breaks and creates a higher LH.
- In addition, a corner pattern with higher bottoms of the ascending channel is also formed.
💎 Alternative scenario: If it fails to break the swing and does not stabilize above it, and also sharply corrects towards the green box, it is most likely that it will break it and continue correcting towards the Buyer Zone.
💎 Probable scenario: Currently, the probable scenario is the bullish scenario according to the bullish channel and also the corner pattern pattern. Therefore, after reaching the goal, the dynamic update will be done again.
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BINANCE:ETHUSDT
ETH thesis with RAG AI by Titan_Karma Thesis: Analysis of Ethereum (ETH) Market Conditions for November 9, 2024
Abstract
This thesis evaluates the potential for profit through a strategic long position in Ethereum (ETH) based on recent market data. With a confidence level of 85%, the analysis incorporates real-time trading metrics, market sentiment, technical indicators, and volatility measures to assess the validity of entering a long position. The underlying approach combines fundamental and technical analyses, exploring factors such as volume trends, support and resistance levels, and social sentiment towards ETH.
1. Introduction
The cryptocurrency market exhibits significant volatility and rapid changes in sentiment, making it crucial to adopt a data-driven approach for high-frequency trading strategies. This thesis focuses on Ethereum (ETH), analyzing the market conditions on November 9, 2024, and presents a structured assessment for a potential long position.
2. Data Sources and Indicators
Market Sentiment: Bullish, supported by social media sentiment and market participant behavior.
Trading Volume: High at 306,994.58 ETH, indicating strong market engagement.
Current Price: $3043.59.
Key Data Providers: Coinglass, Binance, CoinMarketCap, Augmento.ai, and CryptoCompare.
3. Technical Analysis
Price and Support Levels:
Current Price: $3043.59.
Resistance Level: $3083.82.
Support Levels: Significant buy walls identified at $3030 and $3020.
Momentum Indicators:
RSI: Above 70, indicating overbought conditions.
Stochastic Oscillator: Bullish, suggesting ongoing upward momentum.
MACD: A recent bullish crossover highlights a favorable environment for entering long.
Volatility Indicators:
ATR: Low, showing reduced volatility conducive to entry.
Bollinger Bands: Tightening pattern, often preceding a breakout.
Moving Averages:
MA20: The current price remains above the MA20, reinforcing the bullish trend.
4. Market Data Analysis
Coinglass Data: Increasing open interest with a weighted funding rate leaning bullish and stable liquidation levels.
Binance Order Book: Presence of significant buy walls that could sustain price movement above current levels.
CoinMarketCap: High liquidity and substantial market capitalization around $360 billion, indicating a robust trading environment.
Augmento.ai Sentiment Analysis: Positive discussions around ETH predict potential bullish outcomes in the near term.
CryptoCompare News Sentiment: Analyst perspectives remain optimistic, noting Ethereum's breakout potential.
5. Entry and Exit Strategy
Entry Criteria:
Timeframe: 15-minute chart for rapid assessment.
RSI: Above 70 (bullish but cautious near overbought).
MACD: Bullish crossover.
Price Position: Above MA20.
Bollinger Bands: Price nearing the upper band.
Positioning:
Trade Direction: Long.
Stop Loss: Set at $3000.00 to mitigate risk.
Take Profit: Targeting $3100.00.
Exit Point: Tentatively set at $3050.00 for a balanced risk-reward approach.
6. Conclusion
Based on the gathered data and technical indicators, Ethereum currently shows a favorable environment for entering a long position. The existing bullish sentiment, coupled with positive volume trends and supportive technical indicators, underpins the confidence in this recommendation. The proposed stop-loss and take-profit thresholds ensure a balanced approach to capitalize on potential price appreciation while maintaining risk management.
7. Future Recommendations
Future assessments should continue to track changes in order book dynamics, sentiment shifts, and technical indicators on a shorter time frame to refine entry and exit strategies. Additionally, monitoring news sentiment shifts on CryptoCompare and trading volume fluctuations will be crucial for adjusting trade positions to market trends.
ETH Trade ETH - USDT
Entry after a confirmed breakout
Entry 2,857.33
S.L 2,734.42
T.P 1 2,998.15
T.P 2 3,194.72
T.P 3 3,445.23
CLEAR SIGNAL FROM THE "MCD"if you pay attention to the RSI it gives clear sell signals or an assumption ok notice between the volatility of the «MCD» more or «RSI» IF YOU LOOK CLOSELY it gives CLEAR SIGNS OF LOSING STRENGTH. which is equal to the decide, the RSI tends to break and make a supposed rise, it gives clear indications of decide, the orange line of the MCD is taking strength downwards because the blue line is making a curvature up there, but the RSI is fully indicating clear evidence of range at 3,149.00, notice this, analyze each bar on the chart, if necessary, we have tendencies, the loss of strength of the "MCD" has higher bars. greens and other lighter greens think about it ««««««««...
ETH Ethereum Analysis
Finally,
#ETH brokeout the most awaiting resistance of $2830 and reached $3k.
Next target will be $3500 to NEW ATH .
Ethereum - Oi reached ATH - big move is Coming!Ethereum - Oi reached ATH - big move is Coming!
In a video i shared with you an example how price did big move after Open interest rise
at this moment we have same situation
in a video i shared 2 plan of how to take trade
Enjoy
ETH/USDT chart update, ETH/USDT chart update, Ethereum price shows promising upward movement within a broad descending channel.
The price recently tested and bounced off the strong support area around $2,340, indicating buyer strength.
ETH has moved above the moving averages, which could signal a potential trend change if this move continues.
The chart suggests a potential upward trajectory, targeting levels around $3,800 to $4,000 if ETH can maintain momentum.
If ETH continues on this path, it could experience some consolidation or pullbacks along the way, especially near resistance levels. However, this setup indicates bullishness for the medium to long-term outlook. Let me know if you need further analysis on specific indicators or patterns here!
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
ETH : Till Christmas1.price up to 3170 $
2.down to 2850 $
3.after some consolidation ,we predict a potential price surge to 3850 $
ETHUSDETHUSD breaks the trend line after the accumulation phase, we can target the highs with SL below on support.
Alikze »» ETH | Wave 3 or rising C scenario - 8H🔍 Technical analysis: Wave 3 or rising C scenario - 8H
- According to the analysis presented in the weekly time frame, after a short growth, it has entered a corrective phase up to the green box area, so we expect it to enter an upward phase up to the dynamic trigger area.
- It is moving in an ascending channel in the 8-hour timeframe.
- The 2062 range of wave B correction is over.
- After the demand in the range of 2062, a complete movement cycle in the form of 5 waves towards the ceiling of the growth channel has continued.
- A double top has been created in the area of the channel roof, which has entered a correction phase after that.
- The corrective phase has completed a 5-wave cycle to the origin of the movement of the 2310 range.
After that, it has a three-wave pattern up and a three-wave correction that can now enter the 3-of-3 microwaves.
- In the first step, this upward cycle can continue until the supply zone (the first red box), after which it can have a short correction.
💎After that, it is expected that the big wave 3 in the middle of the channel, after a temporary correction, will enter the next bullish phase to the second red box range.
💎Therefore, the second step of the movement can have the goals of 3200 to 3500.
⚠️ In addition, in case of touching the range of 2151, the bullish scenario in the 8H time frame will be invalidated and should be reviewed and updated again. ⚠️
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Thanks for your continued support.
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KUCOIN:ETHUSDT
ETH is following BTC I feel like sharing the other 100X because it seems they’re moving together right now. The last 30-minute close was green but formed a doji. Let’s see what happens next with the intraday support—will it hold or break? If it does break, where might it go next? Could it move higher? I guess we’ll find out soon.
ETH USDTThe chart shows Ethereum (ETH) forming a symmetrical triangle pattern, characterized by converging lower highs and higher lows, which signals a consolidation phase. This pattern suggests that the price is coiling up for a significant move. Currently, Ethereum is nearing the upper resistance line of the triangle, indicating a potential breakout. If ETH breaks above this resistance, it could lead to a strong bullish rally, with projected price targets in the $3,300–$3,500 range. The chart's projection hints at a steady upward trend after the breakout. For confirmation, an increase in trading volume would typically accompany such a move, solidifying the breakout and driving momentum. Overall, Ethereum is approaching a pivotal moment where a breakout could trigger a major upward trend.
ETH Short : Pullback on Symmetrical breakout After succesfully breaking out of the symmetrical triangle it was consolidating in I think ETH price is ready for a pull back .
On 15 min chart supply zone formed between 2956 and 2931.
Price retested this area but was rejected. Double top formed .
Expecting a fall till 2700 before rally continues
#ETHUSDT: Price went from 2365 to 3000, next target 5000? Dear Traders,
Our previous idea on eth, went well and our previous analysis is going well. Price rejected at 2365 and went on hitting 3000 region. However, the move has not finished yet, there is more possibility now that price will touch the previous record high, and might go beyond that level. Price might make smaller correction to 2600 and then continue the uptrend.
Good Luck.
#ETH/USDT Breaks Out! Next Stop: $4,000?Hey everyone!
If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates!
Welcome to this quick ETH update.
A few days ago, I shared that ETH was trading around $2,400 and had strong bounce potential—and it’s been moving right on track. Check out the chart below!
ETH is now trading around the $2,900 level, breaking out of a descending channel on the daily timeframe. A solid 40% move to the upside looks likely, which could bring ETH up to the $4,000 range in the coming weeks.
Entry: $2,750-$2,900
Target: $4,000
Stop Loss: $2,650
What’s your take on ETH’s current price action? Are you spotting this bullish setup too? Share your analysis in the comments, and let’s ride this wave together!
Tick... Tock.. $ETH #Ethereum made a successful close above the $2881 level, which coincided with the major resistance and also the downtrend breakout.
I expect it to enter a sharp upward phase with a retest and a short accumulation period in the current region.
#Altcoins will follow!
ETH 1HVolume - Decreasing
RSI - Divergence
Make sure set up Stop loss always
Yellow circle can be good indicator for trading
I am feeling one more high will happen then retracement.
Wait till confirmation found as your trading scenario.
