ETHEREUM - ONE MORE LEGO DOWN TO 2600 USD?While BTC had v. nice run from the lows ETH looks much worse, I dont think V recovery is in play, there wasnt that much liquidations yet, I think ETH will hit new lows and BTC will go somewhere towards double bottom.Shortby mess_on_a_mission1
ETHUSDT | UP WITH ETF?Big news is on the horizon! The ETH ETF starts trading tomorrow, and this week could be monumental for crypto. Let’s dive into why ETH might be headed for a new all-time high. Market Catalyst • ETH ETF Launch: The launch of an ETH ETF is a major event, bringing fresh attention and potential inflows to Ethereum. Bullish Indicators • Market Sentiment: The anticipation around the ETF has already stirred excitement in the market. • Historical Context: Similar to BTC ETFs in the past, major asset launches often lead to price surges. Strategy Given the hype and potential inflows, I’m betting on ETHUSDT making a significant move upwards. Risk-Reward With a solid 3.28:1 RR, this trade offers a compelling opportunity to capitalize on the momentum. Action Plan Long on ETHUSDT, targeting a new ATH as the market absorbs the ETF news. The excitement is palpable, and this could be the catalyst ETH needs to break through. Let’s see if this ETF launch propels ETH to new heights! 🚀💥 Good luck, everyone! #minno #ETHUSDT #CryptoTrading #ETFLaunch #NewATH #MarketAnalysis #Bullish #CryptoNews #StayTunedLongby minno910
Phemex Analysis #8: Will Ethereum ETF spark a Bullish Run?The news of the Ethereum Spot ETF launching next Tuesday has been circulating widely online in recent days. Will the launch trigger a bullish run for PHEMEX:ETHUSDT.P ? Here are some key points to consider regarding the ETH price. Impressive Rise: ETH rose from $1565 (October 20, 2023) to $4098 (March 12, 2024), a significant 161.7% increase in just five months. Recent Price Action: The 1D chart shows ETH forming a potential Head & Shoulders pattern; 1st Top is at 12th March 2024 and 2nd Top is at 27th May 2024. However, a solid base (support level) has also formed around $2800. Current Price Action: ETH is currently facing resistance at $3535 and consolidating between $3517 and $3230. This retracement from the resistance level is normal and could be a sign of preparation for a future bullish run. There are two main possibilities following the launch of the ETH ETF. Scenario 1: Bullish Run If the ETF news ignites a bullish run, we can expect a high-volume breakout above the $3535 resistance level. This could be an opportunity to chase the highs, but remember to set a stop loss in case this become a false breakout. Volume is Key here. Scenario 2: Continued Consolidation The price might continue to consolidate around $3517-$3230 or even drop to create a higher low above $2800. This could be a good opportunity to buy low. Note: If you think ETH ETF launched will have positive impact on ETH price, you can leverage our In-house Grid Bots to capture the profit on both scenarios above. Try it out at our website & join the 280k successful traders on our Trading Bots. by Phemex2
Trading opportunity. ETH, BNB, NEAR, RNDRHi traders and investors! I have chosen 4 assets on which to look for purchases. The price of each asset formed a sideways trend on the daily TF and is now at the lower boundaries of these sideways (above the lower boundaries). ETHUSDT. Current buyer vector 10-11 on the daily TF. Potential target – 3977. On the hourly timeframe, the price has formed a sideways trend and now the buyer is attacking the upper boundary of the sideways trend. You can search for purchases: after the launch of a long trend on the hourly timeframe (the buyer protects the exit from the sideways trend on the hourly timeframe and the formation of a new buyer impulse) from protection by the buyer of the lower boundary of the sideways trend 2822 -2810. BNBUSDT. Current buyer vector 10-11 on the daily TF. Potential target – 645.2 On the hourly time frame, the price has formed a sideways trend and now the price is near the upper boundary of the sideways pattern. You can search for purchases: after the launch of a long trend on the hourly timeframe (the buyer protects the exit from the sideways trend on the hourly timeframe and the formation of a new buyer impulse) from protection by the buyer of the lower boundary of the sideways trend 471 - 454. NEARUSDT. Current buyer vector 5-6 on the daily TF. Potential target – 6.89 There is a short trend on the hourly timeframe. It is advisable to look for purchases when the buyer overcomes the beginning of the last impulse of the seller 5.003, protects this level, and forms a new impulse. RNDRUSDT. Current buyer vector 8-9 on the daily TF. Potential target – 11.88 There is a short trend on the hourly timeframe. It is advisable to look for purchases when the buyer overcomes the beginning of the last impulse of the seller 8.273, protects this level, and forms a new impulse. by AlexeyWolfUpdated 224
ETHEREUM is forming a bullish head and shouldersChart Patterns and Trendlines 1. Head and Shoulders Pattern (Bearish) - Left Shoulder: Formed around 3,450 USDT. - Head: Reached a peak around 3,550 USDT. - Right Shoulder: Formed around 3,450 USDT again. - The neckline, which was breached, is around 3,300 USDT, indicating a bearish reversal. 2. Inverse Head and Shoulders Pattern (Bullish) - Left Shoulder: Formed around 3,200 USDT. - Head: Reached a low around 3,000 USDT. - Right Shoulder: Forming around the current price level of 3,498.35 USDT. - The neckline for this pattern is around the 3,500 USDT level. If the price breaks above this neckline, it suggests a bullish reversal. 3. Descending Channel - Ethereum was trading within a descending channel, marked by parallel downward-sloping trendlines. - The breakout from this channel around mid-July indicates a reversal of the previous downtrend. Key Support and Resistance Levels 1. Support Levels - 3,248.81 USDT: A key support level marked on the chart, aligning with the breakout point from the descending channel and the potential right shoulder of the inverse head and shoulders pattern. - If the price falls below this level, the next support can be around the previous lows at 3,000 USDT. 2. Resistance Levels - 3,976.07 USDT: The next significant resistance level, which is also a target for the potential inverse head and shoulders pattern. Price Projections 1. Bullish Scenario - If Ethereum holds above the 3,248.81 USDT support level and breaks above the neckline of the inverse head and shoulders pattern (around 3,500 USDT), the projected target is around 3,976.07 USDT. - This target aligns with a previous high and a psychological resistance level. 2. Bearish Scenario - If Ethereum fails to hold the 3,248.81 USDT support, it might retest the lower support of around 3,000 USDT. - A fall below 3,000 USDT could indicate further downside, potentially revisiting the lows around 2,750 USDT. Trading Strategy 1. Long Position - Consider entering around the 3,248.81 USDT support level, with a target of 3,976.07 USDT, especially if the price breaks the neckline around 3,500 USDT. - Set a stop-loss below 3,200 USDT to manage risk. 2. Short Position - If the price fails to hold the 3,248.81 USDT level, consider shorting with a target towards 3,000 USDT and below. - A stop-loss above 3,300 USDT can be set to manage risk. Summary - Ethereum's price action shows the potential formation of a bullish inverse head and shoulders pattern. - Key support and resistance levels at 3,248.81 USDT and 3,976.07 USDT respectively should be closely watched. - Trading strategies should be adaptive to the price movements around these critical levels, with proper risk management in place. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and commentby melikatrader946660
Ethereum regular flat correctionIf the price goes lower than wave AB, then wave C can reach 123.6% - 161.8% of wave AB. I am cautious for going long on Ethereum because Bitcoin CME Futures chart has a cap between 57895 and 60845, which can pull down Ethereum if Bitcoin retest or fills that cap. Right now I am staying neutral on Ethereum until I have seen a clear direction. Disclaimer: The information provided in this chart analysis is for educational and informational purposes only and should not be construed as financial advice. I am not a licensed financial advisor, and this analysis does not take into account your individual financial situation or investment objectives. Any financial decision you make based on this information are solely your responsibility. Please consult with a professional financial advisor before making any investment decisions.by K_1_KUpdated 220
ETH Long **💰Ethereum Signal** Given the potential launch of an Ethereum ETF in the next three days and the influx of new liquidity it could bring, coupled with Bitcoin on the verge of breaking its $67,000 resistance, Ethereum breaking its all-time high seems closer than ever. 📈Support: $3300 1️⃣ First target: $3900 2️⃣ Second target: $5300 ⏱ The time analysis suggests a 2-month timeframe to reach these targets.Longby Cryptowormshot4
ETH/USDT Outlook ICT ConceptsETH/USDT 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: Previous month low been already taken and also the SSL. We had an expansion higher from the IFVG. anticipated a break in the market structure (MSS). 📍Current Market Overview: At the moment, the price has recently swept some Buy-side Liquidity (BSL) and the Previous Week High (PWH). We can foresee the price potentially retracing lower to target the Sell Side Liquidity (SSL) and the Fair Value Gaps (FVG) below them. 🔍 Identifying Key Levels The chart highlights several significant levels and zones that influence the current market behavior: • PMH: Previous Month High, indicating recent market highs. • PML: Previous Month Low, serving as recent support (already taken). • PWH: Previous Week High, marking recent highs (already swept). • MSS: Market Structure Shift, indicating a change in the market direction. • BSL: Buy-side Liquidity, areas where buy orders are placed (recently swept). • SSL: Sell-side Liquidity, areas where sell orders are placed. • Daily FVG: Daily Fair Value Gap, highlighting areas of imbalance. • IFVG: Inversion Fair Value Gap, indicating a zone of prior imbalance. • Monthly FVG: Monthly Fair Value Gap, highlighting significant imbalances on the monthly timeframe. 📊 Key Considerations • Current Price Position: The price is currently trading around 3,495.80, after running above the Buy-side Liquidity (BSL) and sweeping the Previous Week High (PWH). • SSL Levels: These levels below the current price are significant areas to watch for a potential retracement and liquidity grab. • Daily FVG Reaction: The Daily Fair Value Gap is expected to act as a significant support zone if the price reaches it. • IFVG Reaction: The Inversion Fair Value Gap has already been tapped, indicating previous imbalance resolution. • Monthly FVG: The Monthly Fair Value Gap remains unfilled, providing a longer-term target. 📈 Bullish Scenario Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met: • Expansion Lower: The price may retrace lower to take out the Sell-side Liquidity (SSL) and fill the Fair Value Gaps (FVG) below. • Support at FVG: A potential tap into the Daily Fair Value Gap (FVG) could provide support. • Retracement Higher: After sweeping the SSL and reacting at the FVG, we can expect the price to go higher. 📉 Bearish Scenario A bearish scenario should be considered if the following conditions are met: • Minor Buy-side Liquidity Taken: For any short case scenario, we need minor buy-side liquidity (swing points) to be taken first. • Continuation Lower: After taking out the buy-side liquidity, the price may continue lower. 📊 Chart Analysis Summary Bullish Expectation: The expectation is for the price to potentially retrace lower to take out the SSL, tap into the Daily FVG, and then go higher. Bearish Expectation: For a bearish scenario, we need minor buy-side liquidity to be taken out first before considering short positions. Understanding these key levels and the current market behavior helps in making informed trading decisions. 🙏 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.by RealArmin4
This is ready to explode How high can this go? (IMO, Target = $ 10k) Wave degree: Primary: Wave 5 (larger degree), Intermediate: Wave 3, minor: Wave 3 (Impulsive rally), Longby BTC-XLMUpdated 272774
Ethereum long term analysisThe long-term analysis of Ethereum after the approval of ETF can be such that we have a strong movement up to the range of 5,000 dollars Shortby Bitcoin_class0
ETHUSDT - In Cup & Handle PatternETHUSDT has made a cup & handle pattern which is a continuous pattern in 4H and 1H time frame. I have done further analysis on 1H time frame. The projection of the pattern is also drawn and I have selected my TPs accordingly. A pending order of Buy Stop is placed with 1% RR and TP of 1:2. The Signal is: EP: 3546.95 SL: 3362.81 TP: 3915.23 (1:2) RR: 0.5% Lots: 0.51Longby MuhammadArif0390
Eth Weekend Pump...starts nowTargets for #ethereum long Tp 1 🎯$3560 -- 50% 💵 Tp 2 🎯$3584 -- 25% 💵 Tp 3 🎯$3640 -- close 💵 Mainly going off targets above but have to consider a potential early close/partial @ $3523 if price have difficulty breaking the resistance there. Fundamentals isn't apart of my edge but good confluence. Eth ETF schedule to start trading on 23rd this month. People usually buy expectation and sell the event so it makes sense that the price action is quite bullish today and I anticipate continuation. Might even pump higher than my targets above...can always jump back in. Its a 13 RR trade given it plays out according to plan. Its all about probability but if anyone reading this after things play out exactly as anticipated...I told you so :) Longby FilnftUpdated 442
Eth 4 h chart analysis Eth 4 h chart analysis new target is 3650 4h close below 3480 $ will cancel the idea cheers support like my idea Longby MehranSwingTradersUpdated 6
Ethusdt Analysis Ethereum - inside bull flag , could see it's trading in falling wedge pattern and it's broken out and retested that trendline. Break out from here is imminent. Soon 3700-3800$. If there is any fake out likely we will visit red box of 3250-3300 area. Long term , retest ATH very likely now.by AugustusAsir6
ETH - Bullish Control?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈ETH has been overall bullish, trading within the rising red channel. Currently, it is hovering around the lower bound of the channel. As long as the structure marked in red at $3,200 holds, we will be looking for trend-following buy setups on lower timeframes, targeting the $3,600 zone. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richby TheSignalystUpdated 4423
Start trading of ETH ETF might push Ethereum price up.Hi everyone, After ETH ETF approval Ethereum price increased on over 30% rising from 2800-3000 support area to almost 4000 level. Two months later price came to the same spot from where it started. Within couple weeks actual trading of those ETH ETF should start and this once again bullish news that can push Ethereum price to 4000 level. Only time will tell if it happens or not but at least in the first days price should rise significantly. As always Ethereum price heavily depends on Bitcoin price action and if it goes down then start trading of ETH ETF won't help ETH price to rise. So far Ethereum price recovers better than BTC price but if Bitcoin resumes downtrend movement then ETH will follow. At the moment it's important for ETH price rise to 3650 level as it's first strong resistance and if BTC price rises above 60k then this will be very possible task for Ethereum. Please, do not forget to boost this idea & share it with your friends; thanks.by Real_CryptoRoyUpdated 232344
ETHUSDTETHUSDT Price holding in above market demand zone and show bullish behavior in it more leg towards upside is expected in it.Longby meesamhadi2
ETH/USD Weekly Technical Update: DMI Cross and Potential Upside This update provides an analysis of Ethereum (ETH/USD) on the weekly timeframe, focusing on the recent price movements, key levels, and potential bullish scenarios. Analysis: Directional Movement Index (DMI): As previously mentioned, the DMI was ready for a cross, and it has now confirmed. This cross indicates a strengthening bullish momentum. Recent Price Action: ETH has pumped from $2900, confirming the bullish trend. The price is holding well above $3250, a critical support level. Key Levels: Immediate resistance levels to watch are $3800 and $3900. A potential move to $4000 is possible if ETH maintains its momentum. Weekly Candle Close: A weekly candle close above $3500 will be a strong confirmation of the bullish trend. This could propel ETH towards $3700 and higher targets. Conclusion: ETH is showing strong bullish signals with the DMI cross and recent price action. Maintaining support above $3250 and achieving a weekly close above $3500 will likely confirm a move to $3700 and beyond.Longby poriyanik1
ETHUSDT - In Bullish TrendETHUSDT can be seen in a a bullish trend making a rectangle pattern which is a continuous pattern. There is no divergence observed in 1H time frame. I have placed a pending order of Buy Stop above the previous HH and a SL at previous HL. I am seeking to achieve 1:2 target. The Signal is: EP: 3546.95 SL: 3362.81 TP: 3915.23 (1:2) RR: 0.25% Lots: 0.13Longby MuhammadArif0390
ETH ANALYSIS🚀#ETH Analysis : 🔮As we can see in the chart of #ETH that there is a formation of Descending Channel Pattern. Some time ago the same structure was made and it performed well and this time also the same is happening with a perfect breakout 🔰Current Price: $3507 🎯 Target Price: $4000 ⚡️What to do ? 👀Keep an eye on #ETH price action. We can trade according to the chart and make some profits⚡️⚡️ #ETH #Cryptocurrency #TechnicalAnalysis #DYORLongby ZEUS_Market_Alerts229
Eth Chart AnalysisEth Chart Analysis Daily Rsi is in oversold territory Eth have very good Support at 2820 $ must hold for back to uptrend Current resistance is at 3085$ i hope soon we will pass this and will head toward the 2nd resistance zone that is 3280 $ too much liquidity at 3500 $ area Long Long long until we hold 2800$ Cheers and follow me for more Longby MehranSwingTradersUpdated 223
ETH long - swing trade (update) ETH is looking and setting up nicely..along with BTC resting around some resistance. IF we break above the highs and hold expect us to aggressively trade towards our final TP IF we break below the current lows of the range expect some pa towards the HTF sellside liquidity. Keep an eye on BTC and how it plays around its current highs. Overall plan remains the same on ETH... No need to OVERTRADE or OVERLEVERAGE...FOLLOW THE MARKET... 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. Update idea Longby Patrick2707552
ETHUSDT Trend Analysis 19/7/2024ETHUSDT: CCI moving up over 5.03 Price Moving up, Bullish Momentum.Longby crypt0gamerUpdated 4