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
My interpretation of the superTrend indicatorHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- I think the superTrend indicator is a good indicator for checking trends. Also, when the superTrend indicator shows a horizontal line, it can act as support and resistance, so I think it is an even better indicator. However, it is difficult to use it in trading by adding it to the chart. Therefore, I think it is one of the indicators that is not used much when actually trading. In my chart, it is used to construct the BW indicator, but this is the reason why it is not displayed near the actual price chart. The superTrend indicator creates a buy line and a sell line. When the buy line forms a horizontal line, it can be interpreted as a buying period if it shows support. On the other hand, when the sell line forms a horizontal line, it can be interpreted as a selling period if it shows resistance. However, when the buy line or sell line is created by breaking, it can be used as an opposite concept. Therefore, when the buy line -> sell line changes, it should be interpreted as a loss-cutting period. On the other hand, when the sell line -> buy line changes, it should be interpreted as an (aggressive) buying period. Therefore, when the lines intersect, you should draw a separate horizontal line and create a response strategy. As explained above, you can see that there are two ways to interpret the supperTrend indicator. Therefore, you should look at how the buy line or sell line is created. You should look at whether the buy line or sell line is connected by a line or created by intersecting each other, and create a response strategy accordingly. It is also better to use the superTrend indicator with other indicators rather than using it alone. In my chart, I recommend looking at it with the MS-Signal indicator (M-Signal on 1M, 1W, and 1D charts). The reason is that the superTrend indicator is also a trend indicator. If you use the MS-Signal indicator, you may wonder if you really need to use the superTrend indicator, but I think it is worth using because the superTrend indicator also has areas that play the role of support and resistance. Have a good time. Thank you. -------------------------------------------------- - Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The section that is expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 ----------------- Educationby readCrypto5
ETHThe ETH trading setup appears favorable for a short position. The MACD indicator has shown a crossover, and with an appropriately sized stop loss, the setup offers a potential 1.5 times risk-to-reward ratio.Shortby XTradeSetup2
Ethereum (ETH) Weekly AnalysisCurrent Situation: Last week, Ethereum (ETH) moved sideways with a modest 1.5% price increase. Bulls made several attempts to push ETH above $3,900 but faced strong resistance. Key Resistance and Support Levels: Resistance Level: $4,000 Immediate Resistance: $3,900 Support Levels: $3,700 and $3,500 Price Action: Despite multiple attempts, ETH has been unable to break the $3,900 level, indicating that the $4,000 resistance will require more time to be surpassed. The sideways movement under this key resistance suggests that ETH is consolidating and preparing for a potential breakout. Trend Analysis: Bullish Outlook: The overall trend remains bullish. As long as the price continues to consolidate under $4,000, the asset has a good chance to eventually break this level and make new highs in 2024. Support Levels: If sellers push the price lower, strong support is found at $3,700 and further at $3,500. Looking Ahead: June Outlook: Another attempt to break the $4,000 resistance could occur in June, given the current bullish trend and consolidation pattern. Trade Strategy: For Bulls: Monitor for a breakout above $3,900 and $4,000 for potential long opportunities targeting new highs. For Bears: Watch the support levels at $3,700 and $3,500 for potential short opportunities if the price retraces. Stay informed and ready for potential movements in the Ethereum market. #Crypto #Ethereum #ETH #MarketAnalysis #SupportAndResistance #BullishTrend #PricePrediction #Cryptocurrency #BlockchainLongby Richtv_official1
BTC Short. We had a very aggressive green candle, which makes me believe they would want to recover this green vector, Once we reach tp1 we close 25% of the position. and set stoploss to entry. I don't expect it to reach till tp3. its about how it movesShortby betterkneww2
Eth pump to $3900 or higher today!I already entered the trade but still room to make decent RR for anyone who wants to follow along now. Price is at $3800 right now. Price rejected daily support and have free space to move up to $3900, already showed signs of reversal with the 4hr shifting bullish and maintaining the $3800 area on retest. Shifted bearish on 1hr last night but currently forming double bottom again support signs of reversal for continuation to the upside. Htfs like weekly and monthly also bullish. I got some other confirmations as well but lets keep it short. I'll leave my TP open for now and monitor at the prices shown on my chart. I'll update here if I make a decision to take partial or close- If no update then am holding. Hard close at $4100 if somehow we get enough volume to pump there today. I anticipate a short squeeze just don't know if it be today or tomorrow - It depends on volume. $3900 seems like a reasonable target for today though. Longby FilnftUpdated 334
ETH - Make or Break Zone!Hello TradingView Family / Fellow Traders, ETH has been hovering within a narrow range in the shape of a flat rising channel around a massive resistance zone $4,000 - $4,100. What's next? Scenarios: 1️⃣ Bullish - Continuation The bulls maintain control as long as ETH is trading within the rising channel marked in red. In this case, a movement towards the $4,000 - $4,100 resistance zone would be expected. 2️⃣ Bearish - Correction If the last low marked in green is broken downward, we will expect the bearish correction to start leading to a movement towards $3,100 demand zone. Which scenario is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasrby TheSignalyst111121