ETH updateETH has a clear pattern for rising the market made a nice ABC pattern also if we look at markets liq heat map its obvious that the whole liq in lower prices is taken and the market is ready for a big rise !
check these out
ETHUSDT trade ideas
The Cursed Token - $ETHBullish outlook...
On a critical level (Elliott Wave is used as a timeline reference; targets will be evaluated level by level)
Green Box looks good to offload before we hit a major correction later this year. (but once we move beyond this CHOPsolidation, the situation will become much clearer for assessment.
Potential Bullish Breakout on ETH with Cup and Handle FormationThe ETH/USDT chart displays a classic Cup and Handle formation, a chart pattern indicative of a bullish continuation.
Cup: The initial curved phase illustrates a correction followed by a recovery, suggesting consolidation.
Handle: The current consolidation in the form of a descending channel could serve as an accumulation zone before a potential breakout.
Technical Targets:
Key level to break: $4,150. A close above this resistance could confirm the pattern.
Theoretical target: Upon confirmation of the breakout, the projected target is around $7100 & $9,842, based on the height of the "Cup."
Monitor volumes and price action around the red resistance zones to validate this scenario.
Ethereum's Second Scenario (3D)Now, it’s worth taking a look at higher timeframes.
Regarding Ethereum's bearish scenario, as you may recall, we previously considered a large triangle for Ethereum, which remains valid and has not been invalidated.
However, the available data suggests that the scenario from this analysis is still valid as well. The strength of the bounce from the green zone to the upside will determine the next scenario, indicating that we need more data.
The market in higher timeframes, like the 3-day chart, is corrective. This is why traders in the 4-hour timeframe are facing a bearish trend. Support from Trump and the U.S. government for Bitcoin has also slowed down this correction, extending its duration.
In any case, the green zone could reverse the trend in the 3-day timeframe toward the red circle.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Understanding Average True Range (ATR): A Measure of Market VolaThe Average True Range (ATR) is a technical analysis indicator that measures market volatility. Developed by J. Welles Wilder Jr., the ATR provides traders with insights into price fluctuations, helping them set stop-loss levels, identify breakout opportunities, and assess market conditions.
What is ATR?
ATR represents the average range of price movement over a specified period, capturing the level of volatility rather than the direction of price movement. A higher ATR indicates greater volatility, while a lower ATR suggests a calmer market.
How is ATR Calculated?
The ATR calculation involves three steps:
1. Determine the True Range (TR):
The True Range is the greatest of:
- The current high minus the current low.
- The absolute value of the current high minus the previous close.
- The absolute value of the current low minus the previous close.
2. Calculate the Average True Range:
- ATR is the moving average of the True Range over a specified period (typically 14 periods).
How to Use ATR in Trading
1.Set Stop-Loss Levels:
- Use ATR to place stop-loss orders at a distance that accounts for market volatility. For instance, set a stop-loss at 1.5x the ATR below the entry price in an uptrend.
2.Identify Breakouts:
- Compare current ATR values to historical ATR levels. A sudden spike in ATR often signals a breakout, indicating increased volatility and potential price movement.
3. Determine Market Conditions:
- High ATR values suggest volatile markets, often seen during major news events or market openings.
- Low ATR values indicate a period of consolidation or range-bound conditions.
4. Position Sizing:
- ATR can help calculate position sizes based on volatility, allowing traders to adjust their risk exposure accordingly.
Strengths of ATR
-Versatility:Can be applied to any asset class or timeframe.
- Adaptability:Works in trending and range-bound markets to measure volatility.
- Enhances Risk Management:Helps traders set realistic stop-loss levels based on market conditions.
Limitations of ATR
-Lagging Indicator:ATR is based on historical data and doesn’t predict future price movements.
-No Directional Bias:ATR measures volatility, not the direction of the trend.
-Context Needed:ATR values alone don’t provide actionable signals without additional analysis.
Best Practices for Using ATR
1. Combine with Other Indicators:
- Pair ATR with trend-following tools like moving averages or MACD to validate signals.
2.Adjust Periods:
- The default 14-period setting works well for most markets, but traders can adjust it based on their strategy and timeframe.
3.Use with Breakout Strategies:
- Monitor ATR spikes to identify potential breakout opportunities.
Example of ATR in Action
Imagine Ethereum (ETH) has an ATR value of $50 on a daily chart. A trader planning to enter a long position at $1,800 might set a stop-loss at $1,725 ($1,800 - 1.5x ATR) to account for typical price fluctuations. As the ATR increases to $75 during a volatile period, the trader adjusts their stop-loss level to $1,687.50 ($1,800 - 1.5x ATR), ensuring it reflects the heightened volatility.
Conclusion
The Average True Range is an invaluable tool for traders seeking to understand market volatility and manage risk effectively. While it doesn’t predict price direction, its ability to quantify volatility makes it a key component of any robust trading strategy. Practice incorporating ATR into your analysis to refine your approach and improve decision-making.
ETH/USDT 1H: Bears Eyeing $3120 as Momentum Fades!ETH/USDT 1H Chart Analysis
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Current Price: $3220
Market Analysis:
Bearish momentum after rejection at $3300 resistance.
Hidden bearish divergence on RSI, signaling potential continuation to the downside.
Key Levels:
Resistance: $3300-$3320
Support: $3180-$3200
Critical Demand Zone: $3120-$3140
Trade Setup (Confidence Level: 8/10):
Entry Zone: $3240-$3260
Targets:
T1: $3180
T2: $3120
Stop Loss: Above $3305 (recent swing high).
Market Maker Activity:
Distribution phase visible at higher levels ($3300-$3320).
Potential liquidity sweep below $3180 support.
Accumulation expected near $3120 demand zone.
Recommendation:
Short positions recommended in the $3240-$3260 zone.
Monitor for volume confirmation near entry and support levels.
Risk management is key due to volatile market conditions.
Confidence Level: 8/10 for bearish continuation.
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Can ETH make a correction to 2900?What do you think guys, can ETH make a correction to 2900 and then finally break 4k?
ETH copying pattern? Potential drop below $3,000?CRYPTOCAP:ETH seems to be repeating an old pattern—I’ve marked it with an arrow. I first noticed this about 10 days ago, and as time goes on, it’s looking more and more like the left shoulder of a classic head-and-shoulders bottom. Interestingly, the #MACD is perfectly mirroring the same movement too.
If #ETH is indeed forming the right shoulder, we could see a pullback of around 31%, dropping it below 3000 to roughly 2800. This move makes sense, as key players often target psychological levels like 3000, where a lot of stop-loss orders are placed, potentially triggering larger price shifts.
What’s even more intriguing is that a drop to 2800 would push ETH below the lower edge of the symmetrical triangle, which could seriously dent market confidence.
What do you think? Does this match your analysis, or are you seeing it play out differently?
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Let me know if you'd like further tweaks!
ETH: Bullish pattern inside a bullish pattern, in a bull cycle..Lets take a closer look at ETH from all perspective:
- We are in a bull cycle, but news/community and media is quite negative about ETH, concerns on ETH foundation, volumes dropping, fear of SOL being the replacement for ETH etc. This all sounds to me as, you should do opposite of what the crowd says, as the herd always gets slaughtered. So people are screaming its over for ETH it might just be the start of the wave for ETH.
- We are in a bull cycle, maybe just last legs of it, but we are not going for Bear market yet, I think BTC and the general market will make another move as soon as the Trump administration makes a bullish headline for crypto in general after inauguration, everybody thought he would say something during the ceremony but lets wait, ETH has always been the last one to move at the end of the cycle, so we still got time.
- Patterns: Inverse Head and Shoulders pattern as you can see which is a bullish pattern, and if you look at the formulation of the last shoulder, you can see a Falling Wedge pattern which is another bullish signal.
- EWO: Closing red waves, which means a green one is about to start
- 1W RSI: Looking to flip up, which is a bullish sign but not confirmed.
Two scenarios:
- We go to below 3k levels around 2.8k, before we pump
- We pump to start of February, going sideways or a little bit closer to 3k levels then now
Sit and watch
ETH - 4H Elliott Wave AnalysisGreetings, this is my current Elliott Wave count for ETH.
Last week we have seen a lot of bullish price action across the market but ETH seems to be underperforming lately, maybe we should see this as an opportunity!
We assume the the green Wave 4 bottomed on the 5th August 2024 and we started green Wave 5 of which we might have potentially finished the Wave 1 displayed in blue here. In the past weeks we have seen an correction unfold as red ABC which could have finished blue Wave 2.
The blue Wave 2 support area sits between the 0.5 FIB at 3110.99 USD and the 0.786 FIB at 2539.57 USD. We already dipped into it got close to the golden pocket and saw a first reaction to it.
Assuming blue Wave 2 is in we can calculate potential targets for blue Wave 3.
The targets sit at the 1 to 1 FIB at 4897.99 USD, the 1.236 FIB at 5369.52 USD, the 1.382 FIB at 5661.22 USD and the 1.618 FIB at 6132.75 USD.
Noteworthy is that the 1 to 1 FIB at 4897.99 is right in confluence with the previous ATH at 4877.54 USD which can lead to a reaction when we hit this target.
Be aware that we could dip again lower as the red Wave C only touched the 0.618 FIB extension at 3120.11 USD which is rare but valid. We still got the 1 to 1 FIB at 2734.29 USD as red Wave C target which is right below the golden pocket of the blue Wave 2 support.
Additionally the price might be a little choppy on the way up as the move already started a bit shaky.
Thanks for reading.
NO FINANCIAL ADVICE.
What is wrong with ETH?While Bitcoin continues its high timeframe trajectory, Ethereum seems stuck at a crossroads, still undecided on its next move. Theoretically, the bearish red structure remains in play, but the recent bounce off the blue box has given the bulls a glimmer of hope. Could this be the move that breaks the bearish scenario and flips the script? Possibly—but ETH seems to be waiting for something.
Is there truth to the rumors of the Ethereum Foundation selling? If so, why would they? The answer isn’t clear yet, but in my opinion, it’s only a matter of time before ETH shoots up. It’s the undisputed king of smart contracts for a reason, and despite the growing belief that Solana might dethrone it, I don’t see any evidence in the charts to support that narrative here.
As tempting as it may be to act prematurely, the market rewards patience and precision.
Remember: Watch. Wait. Win.
ETH revenge tour? (Break out finally?)So, we called a bottom at 2,000 after we identified what looks like the beginning of a parabolic uptrend. Let's see if it breaks out. I put an X of what my personal target would be (wild guess), but it doesn't have to stop there... all I'm saying is... my long would be satisfied. :)
4K is the area of interest. The level you've historically had trouble with, break that, and hold... price discovery.
ETH Pattern | SOL | All Time High for ETH in SIGHTSolana has recently made a new ATH - and, surprisingly BEFORE Ethereum.
This cycle shows to be different than the previous alt cycle, where ETH leaded SOL.
Currently, what we're seeing in the weekly timeframe is a clear bullish pattern on Ethereum - the bullish inverses Head and Shoulders Pattern.
It's likely that the liquidity from SOL may move into ETH, together with other alts in the TOP 10 category by market cap. This means, that top10 alts may drop - and ETH sees an increase towards a new ATH.
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BINANCE:ETHUSDT BINANCE:SOLUSDT
ETH/USDT: Preparing for a Key Breakout from Descending WedgeEthereum (ETH/USDT) is consolidating within a descending wedge, a pattern that often precedes a bullish breakout. Here's an in-depth analysis of the setup:
1. Price Structure and Trend Overview:
The price has been consistently respecting the wedge boundaries, with a well-defined resistance line near $3,400-$3,450 and a critical support zone around $3,200.
Multiple "Change of Character" (CHoCH) points in recent sessions indicate significant battles between buyers and sellers, signaling potential momentum shifts.
The larger trend remains neutral-to-bullish as ETH holds key supports and continues to form higher lows on the longer timeframe.
2. Momentum Indicators:
RSI (Relative Strength Index):
Currently hovering near 50, indicating a balance between bullish and bearish forces.
No oversold or overbought conditions are evident, but bullish divergence could emerge as ETH approaches the wedge apex.
MACD (Moving Average Convergence Divergence):
The MACD line is close to crossing the signal line on the 4-hour chart, which would signal bullish momentum.
Histogram bars are narrowing, suggesting a breakout is imminent.
ADX (Average Directional Index):
ADX remains below 25, confirming the current low-volatility consolidation phase. A sharp move will follow as ETH exits the wedge pattern.
3. Volume and Market Sentiment:
Volume has been tapering off, a classic characteristic before a significant price movement.
Accumulation zones are visible around $3,200-$3,300, where buyers are stepping in.
Momentum volume is expected to surge upon a breakout, and this would confirm directional bias.
4. Trade Setup:
A. Entry Points:
Conservative Approach: Enter after a confirmed breakout above $3,450, ideally accompanied by a volume surge.
Aggressive Approach: Start scaling in near $3,300, with the wedge support acting as a cushion.
B. Stop Loss (SL):
Place a tight stop-loss below the $3,189 level to mitigate risks of false breakouts or downward continuation.
C. Take Profit (TP):
TP-1: $4,400 - A short-term target, aligning with historical resistance and high-volume zones (70-80% confidence).
TP-2: $4,800 - Medium-term target, capturing the measured move from the wedge breakout (50% probability).
TP-3: $5,800 - Long-term bullish target if momentum builds strongly.
5. Key Observations:
Breakout Timing: ETH is nearing the apex of the wedge, suggesting that a decisive move will occur soon, likely within the next 24-48 hours.
Bearish Scenario: Failure to break above $3,450 would see ETH retest lower supports at $3,200, with further downside risks to $3,000.
Bullish Scenario: A clean breakout with a strong volume spike could propel ETH toward the targets, especially as momentum aligns with technical patterns.
Actionable Plan:
Monitor Levels: $3,450 is the key resistance to break. Use this as the confirmation level for entering trades.
Volume Confirmation: Ensure breakout is supported by high volume, validating the directional bias.
Risk Management: Maintain a strict risk-to-reward ratio with SL at $3,189 and defined profit targets.
Conclusion:
Ethereum is at a pivotal point, with the descending wedge pattern signaling an imminent breakout. A bullish breakout appears more probable, but traders must exercise caution until confirmation. Patience and discipline in managing risk will be critical for capitalizing on this setup.
Advice:
Market sentiment can change anytime. Focus on proper risk management and
trade cautiously to protect your capital.
ETH update #ETH made the exact pattern i was waiting for !
This pattern is made just for moving the price higher and higher because in bigger picture we have a very huge triangle which can make the market prices 4X !
ETH ANALYSIS🔮 #ETH Analysis - Update 🚀🚀
💲 As we said earlier #ETH performed same and retest its support level. Now we can see a formation of Bullish Flag Pattern in #ETH. Breakout of the pattern will indicate a bullish momentum.
💸Current Price -- $3425
📈Target Price -- $4400
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#ETH #Cryptocurrency #Breakout #DYOR
Ethereum's expected movement!BINANCE:ETHUSDT
Ethereum is in a falling wedge, meaning the price will decrease for now but start of a bullish movement shall happen soon.
⚠️ Disclaimer:
This is not financial advice. Always manage your risks and trade responsibly.
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ETHUSDT The chart shows Ethereum consistently failing to sustain above this range in recent rallies. A short-term resistance level Ethereum has tested but failed to break $3500. Ethereum is still above critical support levels like $2,750, suggesting the longer-term trend remains intact. If Ethereum can reclaim $4,000, the next targets would be $4,500 and the all-time high near $4,800.A break below $2,750 could lead to a retest of $2,000, a major psychological and structural level.
Ethereum looks good at this point!The internal structure is bullish.
This position has an extremely good risk-reward ratio.
The demand range is highly refined. Therefore, the risk to reward ratio will be very good for this position.
But if the price enters the $3200-$3350 range, we can enter with confirmation on the lower timeframe (1m or 5m).
Also, the liquidity of the double top that has formed can pull the price towards itself.
Regards ❤️
ETH/USDTI’ve identified 2 support zones. You can start accumulating the position at the spot, but keep some funds available for additional purchases if the price goes lower.
Ethereum (ETH): Good Place to DCA the CoinEthereum has reacted to the supportive zones we have been looking for, and from where on we are going to slowly DCA the ETH in spot now!
We are looking for a possible further drop here so that's why we are usiing the DCA strategy.
Eventually we should see a good dominance of buyers on ETH; we are getting ready for this!
Swallow Team
eth long midterm"🌟 Welcome to Golden Candle! 🌟
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