🏃♂️ Ethereum has been moving in an Ascending Channel for over a year . 🏃♂️At the moment, Ethereum is moving near the 🔴 Heavy Resistance zone($3,580_$2,960) 🔴 and the upper line of the ascending channel , which we can see the reaction to this zone well in the daily candle . 💡Also, between two consecutive peaks, the Regular Divergence(RD-) between ...
Just like in BTC and everywhere else in the crypto markets, the trading volumes on ETH are also very low. However, the main difference from BTC is that Ether's supply is now deflationary. Since the merge of the new consensus mechanism; Ether's circulating supply has been going down. (The first year in deflation). And alongside this data, on-chain metrics show...
Recently, ETH has successfully consolidated above the critical resistance zone, which is now expected to serve as a robust support level for future price movements. This transition from resistance to support is a bullish indicator for market observers. The technical structure shows a clear 'First leg' that has already paved the way for positive momentum....
ETHUSDT Technical analysis update The ETH price broke through an ascending triangle pattern on the weekly chart, potentially indicating a bullish move. Price possible to touch the $7,500 level before the end of 2024. We recommend entering the trade using the spot market. Buy Level: Below $2750 Stop Loss: $2,150 Regards Hexa
A look at the 4Hr chart on ETHUSD An angled inverted Head and Shoulders pattern can be obtained if you plot a short term right shoulder drop. Following this small dip price should breakout from this bullish pattern. I have tried to show continuation with the bars pattern.
I've previously mentioned in an ETH trading idea that the Bitcoin ETF approval would be a 'buy the rumor, sell the news' event for Ethereum as well: Now we observe a continuation pattern with bearish Elliot Wave price targets. Elliott Wave Theory is a technical analysis approach that attempts to identify and predict market trends by recognizing recurring wave...
I told you about the 'buy the rumor, sell the news' strategy on Ethereum after the Bitcoin ETF approval in the last article We approached the price target of $2330 last Friday, and I believe that was the last dip for now! With the stock market at an all-time high, I anticipate crypto assets to follow suit. Elon Musk is likely to implement Bitcoin, Ethereum and...
The CME GAP is finally filled, but I am still concerned about the RSI hidden bearish divergence on the weekly chart.
Long entry from this region looks good . Target is around 2550$-2560$. If btc starts moving to the upside ether could also surprise us with a great move to the upside and tap that 3k region. All eyes on Btc dominance .
Anything that follows is not to be taken as financial advice. This is the Binance weekly chart for ETHBTC, with a single indicator loaded on: the Bollinger Bands Width Percentile. The BBWP is a volatility indicator that measures whether or not we should be looking for the price action of the examined asset to contract or expand in relation to its own past...
After a rally and the price gets stuck in a channel, it is expected that the price can grow as much as the previous rally after exiting the channel. R/R=3.5 and safe for long
A leading diagonal has formed for #EthUsd. Expect correction. Wave 2 should end ~$1800 or ~$1600.
It's time to decide if you're following the 'Buy the Rumor ETH ETF narrative", or you're going to Short the TOP of the CHANNEL. .................................................................................................................... We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory...
good eve' we've come a really long way since the og prediction (view bottom of thread for the og posts). we had our eyes on this move long before people even expected a local top, which btw smacked a lot of people. b\x waves come in all shapes and sizes; sometimes they're shallow, other times flat, and occasionally very steep - but... one thing we know about b\x...
🎄Merry Christmas! 💫Happy Holidays! I hope all of your Christmas wishes come true. ✅ Ethereum(ETH) managed to form a Three Falling Peaks Pattern near the 🔴 Heavy Resistance zone($2,540_$2,300) 🔴 and 🟡 Price Reversal Zone (PRZ) 🟡. 📚What is the Three Falling Peaks Pattern❗️❓ 🔸 The three falling peaks pattern consists of three peaks and two valleys of give or...
ETHUSDT Technical Analysis Update: There are two potential scenarios for a rebound. Scenario 1: The previous resistance level at $2,140 could now act as crucial support for ETH, potentially triggering a bounce from this level. Scenario 2: At the $2,000 level, two historical resistances could act as support for ETH. Additionally, the $2,000 level carries...
ETHUSDT Technical Analysis Update "The ETH price broke out of its channel pattern weeks ago and is now preparing to break its resistance line. Buy zone : Below $2050 Stop loss : $1925 Regard: Hexa
✅It seems that Ethereum managed to break the Important Resistance line . ⚔️At the moment, Ethereum is attacking the 🔴 Heavy Resistance zone($2,540-$2,300) 🔴. 🌊According to Elliott's wave theory, Ethereum completes a main wave 5 . 🎯Main wave 5 is likely to be completed in my Target . Ethereum Analyze ( ETHUSDT), 15-minute time frame ⏰. Do not forget to...