ETHUSD - Angled Inverted H&SRight Shoulder is currently under formation with the big bull move yet to come H is the head of the structure Top dotted line is just a potential price move and forecast aligning with the lower diagonal lines Bullish Longby Bixley2
Ethereum eyeballing $5kIf BTC breaks above $70k and holds, I see no reason why ETHUSD won't have a run towards $5k or better. This would target would be an extrapolation of the previous bull flag. Not financial advice. DYOR.by ChartProphet1
eth to 6900 "giggity" if we break 4250,MAJOR cup n handleIf we break 4250 we form a major cup and handle. If we take the depth of the both and add it to the handle we have 65% chance of pumping to 6900/ 7k this pattern is only valid if we break 4250 with a confirmation and turn it into support. The ETH ETF may be approved this week and it would start blast off to 7k. this is compounded with congress doing a 180 and taking on the SEC The SEC’s decision on VanEck’s spot Ether ETF is due by May 23. This is compounded with a big short squeeze. Eth has liquidated 110m in shorts in the past 24 hrs and 1billion in open interest has started on options. Can I get a hell yeah?Longby DeadCatBounceHouseUpdated 117
Ethereum Price Yet to React to ETF ApprovalEthereum ETFs were approved partly due to Bitwise's correlation analysis, which has led to analysts expecting spot ETH ETFs to disappoint due to key metrics. The SEC approved 19b-4 spot ETH ETF filings on Thursday due to the high correlation between spot CRYPTOCAP:ETH price and CME Ethereum futures prices, similar to that of Bitcoin. This conclusion was reached through Bitwise's correlation analysis filed with its spot ETH ETF. Bitwise is publishing a new correlation analysis as part of its new spot Ethereum ETF filing, which is the first ETH correlation analysis to replicate the specific methodology used by the SEC in their evaluation of bitcoin. The SEC's pace and breadth of first comments on S-1 filings are key to watch as they are the next key steps before a spot ETH ETF launch. Scott Johnsson, a general partner at Van Buren Capital, mentioned that the SEC's pace and breadth of first comments on S-1 filings are key to watch as they are the next key steps before a spot ETH ETF launch. Eric Balchunas speculated that the SEC's comments may come in four to six weeks. Crypto researcher Noelle Acheson suggests that spot ETH ETFs will meet a disappointing reception when they launch, as the CME's low interest in ETH derivatives — ranking fifth — suggests spot ETH ETFs may not be attractive. He also pointed to ETH accounting for only 15% of the total assets under management (AUM) of Hong Kong's spot crypto ETFs. Technical Outlook Ethereum ( CRYPTOCAP:ETH ) is currently trading around $3,740 after moving below the $3,730 price level. If a further decline occurs, the next level to watch out for is the $3,605 support. While prices have yet to react to the 19b-4 spot ETH ETF filings approval, the market may be awaiting the final approval of S-1 applications and the official launch before taking action. CRYPTOCAP:ETH has a positive Relative Strength Index (RSI) of 68.32 which is poise for further gains. CRYPTOCAP:ETH 's daily price chart correlates that of CRYPTOCAP:BTC with both assets depicting a bullish flag pattern in the near to long term respectively.Longby DEXWireNews3
Ethereum 1d by RB🧐 Hello, dear friends! Today, let's take a look at the Ethereum/Dollar chart!💥 On February 25th, the last line of the descending trend was broken upwards, as indicated by the blue circle - that's serves as an excellent signal for further growth. The question now is when to expect a correction? And how deep will it be?🧐 The next strong resistance levels are 3590 - 3980! Reaching these levels, the price may start a correction for further growth. The depth of the correction will depend on further price formations, so I will update the chart accordingly! Thanks for Your attention. Stay tuned!🫶 Sincerely Yours, Kateryna💙💛 by RocketBombUpdated 2246
ETHEREUM - NEW BREAKOUT 🚀Hello Traders ! After a Huge Bullish Move, The ETH Broke a Strong Resistance Level (3729.16 - 3646.38). This Key Level Becomes a New Support Level ! So, I Predict a Bullish Move📈 --------------- TARGET: 4002.00🎯Longby Hsan_BenhmedUpdated 7724
$ETH Price Prediction 5/25/2024Not much movement as price holds above 20EMA. Weekly close was off a day so the marker has been adjusted. The goal remains at pattern resistance (3685). www.tradingview.comby CheddarBizcuitz1
Ethereum: Long term possible targetsLooks like Ethereum has more chances to test the following targets in 7 years Target1: 3230 Target2: 3800 Target3: 5120 Target4: 6240 Stop: 1375 Hope this will work, lets see Longby udhaya0000Updated 292967
ETH Breakout LongLonged ETH. Was rushing for exam so I didn't manage to post it on time. Clear accumulation in range. Paper went great btw. Longby jvn2_Updated 1
Ethereum will give you a Ferrari in the futureIn the big picture, extremely BULLISH!!!!!! !In a small picture!: MACD crossing down is very likely. Because macd has failed crossing, which makes the next crossing more realistic. Crossing down means BUY when the price is in red and there is no sign of green. Support points or resistances are required Under 3000k soon. The landing level is not known today, only time will tell. I could be wrong, but I could be absolutely right MoralDiscipleLongby MoralDiscipleUpdated 434388
Adjusting my last chart it would be cool if this happened. I'm trying to outline a macro idea so I can trade the smaller timescale swings. Longby WcDonaldsUpdated 221
$ETH Price Prediction 5/27/2024A bit of correction after price falls short of 4k. Look to hold support above 3685/50EMA if we drop below 20EMA. Further recovery is still expected which could begin at the start of next month. www.tradingview.comby CheddarBizcuitz1
ETHUSD Ethereum has shown strong bullish momentum, with recent price targets indicating potential upward movement. Analysts suggest that Ethereum could test resistance levels around $3,132 and $3,360 There is also a notable support range between $2,680 and $3,100, with potential declines testing the $2,905 level before any further upward movement. The Relative Strength Index (RSI) for Ethereum indicates it is currently overbought, suggesting a potential for a price correction. Analysts expect the price might dip to around $1,750 before resuming its upward trajectory. The outlook for ETH/USD remains optimistic with several bullish indicators and key levels to watch. However, potential corrections and regulatory challenges should be considered by traders and investors when making decisions. Overall Summary: The consensus from various technical indicators is a Strong Buy Longby TFXBR1
ETHBTC May 28, 2024: A Bullish FlagAfter a 20% run up with the ETF approval on May 20, 2024, CRYPTO:ETHUSD started to form a bullish flag and moved out on May 28. The flag is above the rising MA-10. The move out provides a buy point here ($3900) with the $4700 target Longby longsonvn2
$ETH soon to come back from breakIt is just the beginning for ETHs run. The anticipation for an Ethereum ETF is starting to buzz around. We have hit the zone highlighted in my previous ETH drawing which consists of a channel and a weekly Ob-. As part of the order block theory composition, I have marked the 'mean threshold' of said Ob- as our next zone of interest. The current price action is drawing a descending wedge at a shallow retracement which says we are strongly bullish. Longby DaMaximusUpdated 2222
Ethereum movement possibilitiesResistance and support level that could be used while placing trades. Note: this is not financial advice. kindly do your independent research and analysis before making financial decisions.Longby StockSession1
May.21-May.27(ETH)Weekly market recapLast week, the SEC unexpectedly approved the ETH ETF. Although it is still some time before the launch of the ETH ETF, the cryptocurrency market has entered a carnival. ETH started pumping, narrowing the gap with BTC in terms of gains. We believe that although the ETH ETF has been approved, the pledge utility of ETH will still make the SEC cautious about ETH. On the other hand, we saw last week that Donald Trump, the Republican candidate for the 2024 election, stated that he would accept donations from cryptocurrencies, support the development of cryptocurrencies in the United States, and ban CBDCs if the campaign is successful. This is also the reason why meme coins based on Trump have risen recently. If Trump eventually becomes President of the United States, cryptocurrencies will see an even bigger rise. ETH has performed well last week, with a price increase of nearly 30%, mainly due to the approval of the ETH ETF. Before last week's long green candle appeared, we can see from the MBF indicator that ETH's bottom-buying sentiment was sluggish. But after the ETF was approved, everything changed. On the WTA indicator, blue columns representing whales appear in groups, and trading volume also increases significantly. The wavy area of the ME indicator, which was about to turn into a bearish signal, has once again widened. For ETH, it is currently close to the high point of the year which is also a strong resistance level of 4000. In summary, we believe that the gradually increasing selling pressure will cause ETH to fluctuate this week. Based on the strengthening bulls, we raise the resistance level to 4000 and maintain the original support level 2800. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.by Sypool1
💰ETHEREUM MID TERM TARGETS 🔷 Current Status- ETH is currently💰ETHEREUM MID TERM TARGETS 🔷 Current Status- ETH is currently building strong in symmetrical triangle which is a bullish pattern; BTC has given a new high in this bull cycle but ETH is still running behind. Anticipated ETH to hit a new All Time High in upcoming weeks/months ✅ Once ETH reaches 5,000$ Key Resistance then money flow will move to Alts leading to a Healthy Alt Season which will run fot next months 🔥 We will see small alt season in upcoming months but a healthy alt season is only considered once BTC and ETH Dominance goes down; which will be happening thereafter. Interpreted month for Healthy Alt Season ➡️September 2024Longby CryptoSkullSignal1
ETHUSD-RELATIVE STRENGTH LEADERETHUSD Has been a Relative strength Leader today, although currently on Consolidation it broke the Head and Shoulder on 2hr and heading to the 2 days Previous Hight 2Day TMF: Has a 1-2 RTM Setup expecting break and addition above the Previous 2days HighLongby Jeremiah_Capital1
ETH flag breakoutafter retrace for 10 weeks, finally we see a bullish weekly candle on ETH, supported by 20 weeks MAs. in this zone (in yellow) considered a FLAG formation . is a bullish continuation trend. will see more upside once market break above $4000 mark. Longby EL_STOCKTROOPER1
$ETHUSD ETF ApprovalETH ETF is officially approved. Crowd gave it a 10% approval chance, before the filling updates got public for the VanEck deadline May 23rd. And now the crowd thinks it will have little to no inflow. Bullish.Longby elwinjoeri1