Let's dive into the technical analysis of this Ethereum (ETH) chart against Tether (USDT) on the Binance exchange, speaking as if I'm the trader analyzing this chart. We're looking at a 4-hour time frame which provides a good balance between detail and broader trend analysis. The chart is quite colorful with several technical indicators applied, including the...
Hello Traders, Base on technical and wave analysis we see this scenario for #ETCUSDT for next move. 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.
ETH 16% after big sell off at low Time for pullback or local range other thing would be hard to trade
Considering the bearish CH and pullback to the order block, it seems that the price is trying to drop more The target is the bottom box. Closing a daily candle above the invalidation level will violate this analysis Note that the financial market is risky, so: Do not enter any position without confirmation and trigger. Do not enter a position without setting a...
Based on the given market data, Ethereum (ETH) is currently trading at $2626.0 against USDT. The Relative Strength Index (RSI) on the 4-hour, daily, and weekly chart is 65.63, 69.17, and 69.87 respectively, suggesting that ETH is currently in the overbought territory. This often indicates a potential price correction in the future. The Moving Average Convergence...
Hello traders. As you can see, the price shifted the market structure to bearish by breaking the low at 44300. The price grabbed the liquidity above 43578 and had a bearish reaction, now the price is in the supply zone that may push the price down. The target of this scenario can be the FVG created on 40280_ 40915. on the other hand, there are two supply zones...
🔻 Ethereum in a Daily Correction: Ethereum (ETH) is currently undergoing a correction in the daily timeframe, approaching the Fibonacci levels of 0.382 and 0.5. 📈 PRZ (Potential Reversal Zone): This zone is significant, as it includes various Fibonacci retracements of different waves and also serves as a strong support area. 🛒 Ethereum Buying Scenarios: Entry...
🔺 Ethereum's Current Position: In the 4-hour timeframe, Ethereum (ETH) is facing rejection from the top of its ascending channel, but a downward trend hasn't been confirmed yet. It's advisable to hold off on opening short positions for now. 📈 Parabolic Line and Potential Jump: Ethereum is still on its upward parabolic trajectory, suggesting a potential upward...
🔺 Ethereum in Weekly Ascending Channel: Ethereum (ETH) is currently moving within an ascending channel in the weekly timeframe and has reached the channel's upper boundary. 🎯 Significant Weekly Resistance: A key static resistance lies ahead at $2454, closely aligned with the psychological level of $2500. Ethereum could potentially reach this if Bitcoin continues...
Based on the market data provided, the current price of ETH is $1795.0. The Relative Strength Index (RSI) for 4 hours, 1 day and 7 days are 50.90, 69.98, and 54.71 respectively. RSI values above 70 are typically considered overbought, and values below 30 are considered oversold. In this case, the 1d RSI is nearing the overbought threshold, which could indicate a...
This is a 1D frame analysis for ETHUSDT Analysis of the crypto market: Due to the excessive selling pressure, we saw a significant drop in prices. With the closure of the previous day's candle and the stabilization of prices above the support line, we can review the scenarios for Ethereum. Scenario one: We expect the price to stabilize above the support line in...
This is a 1D frame analysis for ETHUSDT In the weekly time frame, we have a first resistance line and with the pressure of the weekly downtrend pattern that has been formed, we can have an indication of a possible bearish trend. The conditions in the weekly time frame are not too bad for Ethereum and if it can push itself above its resistance line, we can identify...
Hello 🐋 the price has started the new trend to the downside before any other huge pump and this trend should be completed ❌🧨 if the price doesn't break the resistance zone to the upside and just complete the retest, we will see more correction ❌🧨 if breakout of the lower support zone be completed, we can see more correction to the downside ❌🧨 brief amount of...
The area between 1920 and 2000 looks very attractive for Ethereum to sell, and there is a good R/W , and weakness in the trend is also seen. In the low times, it looks for reversal signs to enter. MAX LEV: 5X
According to the ascending triangle pattern you see. If the resistance in the area of 1460 is broken, Ethereum will rise to the area of 1540.
As you can see, there are 2 scenarios in front of the price. After touching the supply zone, the price had a bearish reaction, and we can expect a more bearish move. Bullish scenario: Personally, I follow this scenario. We can define the demand zone on the chart that can push the price up. In this case, we can expect the price breaks the supply zone and reach...
My personal analysis of Ethereum I think it will reach 2400 this year, 2023