Bitcoin, Ethereum Breakout: 401(k) funds & the next "Altseason"Bitcoin is up 10% in August, driven by strong ETF inflows and a game-changing executive order allowing 401(k) retirement funds to invest in cryptocurrencies, potentially bringing trillions of dollars into the sector.
Technically, Bitcoin and Ethereum are breaking out toward multi-year highs, with BTC leading and ETH close behind—setting the stage for a possible "altseason" if these levels hold and capital rotates into altcoins.
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Ethereum (Cryptocurrency)
ETHUSD H4 | Bullish bounce off pullback supportEthereum (ETH/USD) is falling towards the buy entry of 3,893.21, which is a pullback support that is slightly above the 78.6% Fibonacci retracement and could bounce to the take profit.
Stop loss is at 3,563.13, which is a multi-swing low support.
Take profit is at 4,170.96, which is a pullback resistance.
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Not Exact But Man Does It Look Similar LTCUSDI had pointed this out in a previous chart but i thought I would zoom in and show how similar these look. I think its launch time, last time LTC was at this point it did a 10x in a month. Alt season starts when Litecoin says so. Not financial advice just my opinion. Thank you
Bearish | ETHUSD | Ethereum COINBASE:ETHUSD
ETHUSD Weekly – Pullback Risks After Strong Rally
Trend Structure
Ethereum printed a Higher High near 4,800 after an aggressive rally.
The uptrend remains intact with a Higher Low base around 2,000, but short-term momentum is cooling.
Current weekly candles show rejection near the highs with potential for retracement.
EMA Context
Price is extended above the 9 and 35 EMAs, suggesting overbought conditions.
First dynamic supports sit around 3,470–3,350 (9 EMA zone + prior structure).
The 100 EMA around 2,600–2,700 is a deeper corrective target if selling intensifies.
Key Levels + Volume Profile
TP1: 3,354 – major support, aligns with HVN and prior breakout zone.
TP2: 2,960 – mid-volume shelf and structural pivot.
TP3: 2,627–2,708 – strong support cluster with HVN and EMA confluence.
Below 2,600, demand zones extend toward 2,000–1,800.
Targets
TP1: 3,354
TP2: 2,960
TP3: 2,627
Invalidation
A close back above 4,600 would negate the bearish retracement thesis and open continuation toward new highs.
Bias
Near-term bearish/retracement, expecting ETH to test 3,354 and potentially 2,960–2,627 if weakness persists.
Broader structure remains bullish unless 2,000 is lost.
ETHUSD - Expect a bounce ... now? lets go above ATHLong time no see !
I was in vacations with the cult of the CME Gap that I joined
Soooo, Eth took some logic profits, it was a quasi straight line from 2400 to 4800 (not mentionning that its coming before from under 1500), a 10% correction is totally ok
we are actually in the middle of the last CME GAP, its filling daddy
Dec 2024 high
100 MA 4H
0.5 fib resistance from last low
0.236 is 4K so we still have room to be in denial if it dips more
as you can see thats a lot of convergences, not even talking about BTC, BTC.D, USDT.D, GOLD and all the other tickers aligning perfectly for the big ritual of the big last leg of the big bull run (B.R.B.L.L.B.B.R.) (I know how to make it since those vacations)
Sooo SL is slightly under first bullish Order Block that u can see in this chart @ around 3440, yes sry I can't mess with the levs even with this perfect entry opportunity
TP1 : 7000
TP2 : 9000
TP3 : 11000 (0.618 fib extension)
Will update the TPs if momentum changes
XX
not advise
Identifying High-Probability Support: The Power of ConvergenceHello Friends,
Welcome to RK_Chaarts
Today we're going to learn Comprehensive Guide to Identifying Convergent Support Zones
Which are High Probability Support areas. This post is for Educational purpose only.
This detailed analysis will walk you through a step-by-step process of combining multiple technical analysis methods to identify a robust support zone. We'll explore how Elliott Wave theory, Anchored VWAP, EMA200, Fibonacci Retracements, and equality to extensions can coincidentally converge on the same support zone.
Step 1: Elliott Wave Analysis
Begin by identifying the Elliott Wave structure. Look for impulse waves, corrective waves, and the relationships between them. In this example:
- Wave Y is potentially completing near the equality zone (100% to 161.8% extension).
- This level marks a potential reversal point.
Support zone as per Elliott Wave theory Analysis
Step 2: Anchored VWAP Analysis
Apply Anchored VWAP to identify key support levels:
- Plot the VWAP from the last swing low and the second-last swing low.
- Note the convergence of these VWAP levels, which can indicate strong support.
Support zone as per Anchored VWAP Analysis
Step 3: EMA200 Analysis
Add the 200-period Exponential Moving Average (EMA) to your chart:
- The EMA200 has consistently provided support during previous corrections.
- Note the price approaching this level, increasing the likelihood of a bounce.
Support zone as per 200 Exponantial Moving Average
Step 4: Fibonacci Retracement Analysis
Apply Fibonacci retracements to the previous rally:
- Identify the 50%, 61.8%, and 78.6% retracement levels.
- Note the current fall has already exceeded the 38% retracement.
Support zone as per Fibonacci Retracement Analysis
Step 5: Convergence of Support Zones
Combine the analysis from each step:
- Note the striking convergence of support zones:
- Elliott Wave equality zone (100% to 161.8% extension)
- Anchored VWAP support zone
- EMA200 support level
- Fibonacci retracement zone (50%-61.8%)
Coincidentally all these are providing nearly same Support area (Price zone)
Trading Implications
With the convergence of these multiple analysis methods, you can:
- Identify a high-probability support zone.
- Look for buying opportunities near this zone.
- Monitor price action and market sentiment for confirmation of a reversal.
- Consider scaling into positions or setting limit orders within the support zone.
Important Note: Failure to Hold Support
If the price fails to hold support at this converged zone, it may indicate a stronger bearish trend. In this scenario:
- Be prepared for a potential significant downfall.
- Consider adjusting your trading plan to account for the increased bearish momentum.
- Keep a close eye on price action and market sentiment for further guidance.
By understanding the convergence of these multiple analysis methods and being aware of the potential risks, you'll be better equipped to make informed trading decisions and navigate the markets with confidence.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
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ETHEREUM Strong Support Ahead! Buy!
Hello,Traders!
ETHEREUM is falling down
Now but as it is trading in a
Strong uptrend we are
Bullish biased so after it
Hits the strong horizontal
Support level below at 4,000$
A strong bullish rebound
Is to be expected
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
BitMine's Ethereum Empire Grows Amid Market Swings: ETH Price AnBy adding 373,000 ETH, BitMine Immersion Technologies has increased its holdings of Ethereum (ETH) to around 1.52 million ETH (worth about $6.6 billion), therefore making it the biggest corporate ETH holder with control over around 1.3% of the supply in circulation. Despite a recent 14% drop in its stock price in light of market instability, BitMine's "alchemy of 5%" strategy aims to finally own 5% of all Ethereum. With its role in next-generation finance and artificial intelligence, the business notes increasing institutional interest in Ethereum and intends to use its ETH treasury for passive income in the future; meanwhile, it retains these assets in a highly liquid form.
ETHUSD showed a minor pullback after four days of sell-off. It hits an intraday low of $4195 and is currently trading around $4306. Overall trend remains bullish as long as support $3500 remains intact. Watch out for $4500, any break above targets $4770/$5000/$6000. A robust bullish trend will only materialize above $5000.
Immediate support is around $4200. Any violation below will drag the price down to $3950/$3700/$3550/$3500/$3380/$3200/$3000. A breach below $3000 could see Ethereum plummet to $2770/$2500.
It is good to buy on dips around $4200 with SL around $3900 for a TP of $5000/$6000.
ETHUSD uptrend continuation supported at 4,100The ETHUSD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 4,100 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 4,100 would confirm ongoing upside momentum, with potential targets at:
4,450 – initial resistance
4,730 – psychological and structural level
5,070 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 4,100 would weaken the bullish outlook and suggest deeper downside risk toward:
3,990 – minor support
3,830 – stronger support and potential demand zone
Outlook:
Bullish bias remains intact while the ETHUSD holds above 4,100. A sustained break below this level could shift momentum to the downside in the short term.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Bullish bounce off multi swing low aupport?Ethereum (ETH/USD) is falling towards the pivot and could bounce to the 50% Fibonacci resistance.
Pivot: 4,172.06
1st Support: 3,939.39
1st Resistance: 4,476.08
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The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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Bitcoin September Seasonality: Correction in progress 100/110K Bitcoin is heading into September after recently printing a new ATH,
historically September is a red month, so expecting further mild losses
heading into September and limited upside, however, once the pattern
and correction is complete, we should see another bull run and mark up.
📊 Bitcoin September Seasonality (Last 10 Years: 2015–2024)
Yearly September Returns
Year 📈 Return
2024 🟢 +7.39%
2023 🟢 +3.99%
2022 🔴 −3.09%
2021 🔴 −7.03%
2020 🔴 −7.66%
2019 🔴 −13.88%
2018 🔴 −5.95%
2017 🔴 −7.72%
2016 🟢 +5.94%
2015 🟢 +2.52%
📌 At-a-glance stats (2015–2024)
📉 Mean (10-yr): −2.55%
⚖️ Median: −4.52%
🔴 Red months: 6 out of 10
❌ Worst September: 2019 (−13.88%)
✅ Best September: 2024 (+7.39%)
📅 Recent Performance (last 3 years)
2024: 🟢 +7.39% → Strongest September in a decade
2023: 🟢 +3.99% → Rare green month, breaking the red-seasonality myth
2022: 🔴 −3.09% → Modest dip during a bearish macro cycle
➡️ Average of last 3 years: 🟢 +2.8%
➡️ Average of last 5 years (2020–2024): 🔴 −1.3%
🔎 Key Insights
September Slump : Historically, September is known as a "red month" for Bitcoin, often averaging −4% to −6% declines. Over the last decade, the median return (−4.5%) aligns with this bearish narrative.
Volatility Factor: The spread between best (+7.39% in 2024) and worst (−13.88% in 2019) September is 21 percentage points, underlining Bitcoin’s volatility even within seasonal patterns.
Changing Trend? The last two years (2023 & 2024) both closed green — suggesting the September slump might be losing strength in the current cycle.
🚀 Macro & Market Context
2019–2020: Heavy red Septembers coincided with global macro uncertainty (trade wars, COVID jitters).
2021: Correction phase post-$64k BTC ATH saw September hit −7%.
2022: Ongoing bear market after Terra/LUNA & 3AC collapses kept September negative.
2023–2024: Renewed momentum, institutional inflows, and ETF speculation helped reverse September’s red streak.
🧭 Takeaway
While September has historically been Bitcoin’s weakest month, the last two years show signs of reversal. The broader trend reminds us that seasonality is a tendency, not a guarantee — macro cycles and catalysts often override calendar effects.
ETHUSD formed a bullish wedge, ready to reverseETHUSD formed a bullish wedge, ready to reverse
ETHUSD has been declining since August 14. During the last 2 days the asset started to trade within a narrow declining range, eventually forming a bullish wedge. Price came to an intermediate support level of 4,200.00, showing bullish divergence on the RSI on 30-m chart. Price is expected to rise towards local resistance of 4,400.00 and the upper border of the descending channel (highlighted with red).
ETH 1H | Signs of a Bottom, But Needs Confirmation
ETH on the 1H timeframe
ETH has lost the 0.5 Fib at $4310 and is now testing the local support zone.
1. A death cross occurred at the start of the week.
2. RSI and MACD are both showing bullish divergence.
3. Price is trying to hold local support.
Put together, these signs could signal a potential bottom, but confirmation is key.
If support holds, the setup strengthens. Until then, we watch it unfold.
Always take profits and manage risk.
Interaction is welcome.
ETH/USD: Will ETH Crash Back to $3,800?Ethereum has demonstrated a strong bullish trend in August, with prices approaching key resistance levels. Analysts suggest that a sustained break above $4,800 could propel ETH toward $5,500–$6,000 by the end of the month.
Institutional interest remains robust, with significant inflows into Ethereum-based ETFs and increased holdings by digital asset treasury firms like Bitmine Immersion Technologies and Sharplink Gaming.
* Resistance Levels: $4,800, $5,000, $5,500
* Support Levels: $4,000, $3,800
* Key Indicators: Strong Relative Strength Index (RSI) and bullish Moving Average Convergence Divergence (MACD) suggest continued upward momentum.
Ethereum is poised for a potential breakout. A decisive move above $4,800, supported by strong trading volumes, could initiate a rally toward $5,500–$6,000. Conversely, a drop below $4,000 might lead to a retest of the $3,800 support zone.
Ethereum - The moment of truth!🔬Ethereum ( CRYPTO:ETHUSD ) trades at a key breakout level:
🔎Analysis summary:
Ethereum - after consolidating for the past four years - is once again retesting the previous all time high. And before we will witness another bearish rejection, Ethereum has the chance to finally break out of the long term triangle pattern. It's time for us to start praying.
📝Levels to watch:
$4.000
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
S&P 500 on the Edge – Crypto Awaits the Signal📉📊 S&P 500 on the Edge – Crypto Awaits the Signal 🧠⚠️
Hey Traders! Quick note before we dive in — apologies for the audio quality in this update 🎙️. I had the wrong mic set up (classic move!), but the charts are what matter, and we’ve got some serious levels to respect.
🔙 Back from the Holidays – Still All In
Mid-August is a special time here in Cyprus and Greece, and I took a well-deserved breather with family and friends. But rest assured, I haven’t been idle — behind the scenes, I’ve been working intensely on indicators to elevate my TradingView game — and why not yours too, eventually? 😉
(Just to be clear: no advertising, no selling — just sharing my process and market views, as always.)
📌 The Big Picture – S&P 500
We’re back at that critical level: 6432 .
✅ Above = market stays optimistic
❌ Below = correction risk increases, likely toward 6223
Right now, the odds lean 41% upside / 59% downside , and considering we’re at all-time highs, caution is wise. Buying ATHs is never the best strategy unless confirmed by momentum.
🪙 Bitcoin – Caught Between Key Levels
BTC is sandwiched between two key zones:
🔺 Reclaiming 116,525 = bullish signal
🔻 Losing 115,000 = exposes downside to 110,000
This is a true 50/50 — stuck below a broken ascending channel and flirting with a violated S/R level. Stay reactive, not predictive.
💪 Ethereum – The Strongest Major
Ethereum continues to outperform. Today we didn’t catch the day-trade long, but the 4,210 level is major support.
ETH market dominance is rising steadily — the charts reflect it.
🧩 Altcoin Insights
- ARB : Reclaim 0.54 for possible move to 0.76
- XRP : Key support at 2.93 . Break higher? We could see 3.33+
- ADA : Watching 0.87 support. Below that? Caution.
Market-wide, TOTAL and altcoins are still sluggish. Until momentum returns, tactical plays > emotional ones.
🧠 Summary:
- 📍 S&P 500 is the key signal.
- 📉 BTC & ETH stuck, waiting on that SPX cue.
- 📊 ETH leads the pack — but patience is key.
- ⚖️ Altcoins are mixed, respect your levels.
This market is full of potential — but clarity comes from levels, not guessing. Let’s trade smart. 🔍
One Love,
The FXPROFESSOR 💙
Disclosure: I am happy to be part of the Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Awesome broker, where the trader really comes first! 🌟🤝📈
ETH - Eyes on a New All-Time High?ETHUSDT has been on fire lately, following a textbook bullish structure of Impulse → Fakeout → Impulse.
After breaking above the previous range in July, ETH confirmed strength with a sharp impulse move, only to shake out weak hands via a fakeout retest before pushing higher again. 📈
Currently, ETH is in the midst of another impulsive leg, with the next major target sitting at the ATH around $4,876.
📊 Key Notes:
- Fakeouts have served as liquidity grabs before strong rallies 🏹
- Current momentum favors the bulls 🐂
- As long as price holds above the last breakout zone (~$4,050–$4,150), the path of least resistance remains up.
🎯 Next Stop: ATH and beyond if bullish pressure sustains.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Why Is Crypto Tumbling? A Trader's Guide to the Recent Sell-OffWhy Is Crypto Tumbling? A Trader's Guide to the Recent Sell-Off 📉
🚨 If you're watching the markets today, you've seen the sea of red. Bitcoin, Ethereum, and major altcoins have experienced a significant pullback, leaving many to wonder about the cause.
While sharp drops can be unsettling, for the strategic trader, they are critical moments to analyze, not to panic. The current downturn isn't random; it's driven by a convergence of clear geopolitical, technical, and macroeconomic factors.
Here’s a breakdown of what’s happening behind the charts:
1. Geopolitical Uncertainty 🌐
High-stakes diplomatic meetings are underway involving the US, EU, and Ukrainian leaders to discuss the Russia-Ukraine peace deal. Markets inherently dislike uncertainty. As traders await a clear outcome, many are de-risking their portfolios, leading to selling pressure on assets like cryptocurrencies.
2. A Healthy Market Reset 📊
The crypto market just came off a powerful rally where many assets saw gains of 50-100%. This rapid rise led to a buildup of high-leverage positions. Today's dip is forcing a "leverage flush," liquidating over-extended traders. While painful for some, this is a standard market mechanism that washes out speculative excess and often creates a more stable foundation for future growth.
3. Shifting Macroeconomic Tides 📉
Just a week ago, a September interest rate cut was seen as a certainty. Now, recent economic data has slightly lowered those odds. Financial markets, including crypto, are incredibly sensitive to central bank policy. The market is now pricing in this small but significant shift in expectations, contributing to the downward pressure.
The Trader's Perspective: Opportunity in Volatility 💡
So, what does this all mean? It underscores a core principle of successful trading: volatility has a source.
For the prepared trader, this isn't a signal to abandon ship. It's a signal to consult your strategy. This is precisely the kind of environment where a clear, data-driven forecast becomes invaluable.
By understanding the root causes of the sell-off, you can better anticipate market structure, manage risk, and identify potential zones of support where "smart money" may begin to re-accumulate.
This is where the difference between a professional and a novice trader becomes clear. Experienced traders welcome every correction or pullback in the market, seeing it as an opportunity to re-enter and profit from the next upward wave. 📈
Therefore, instead of worry and stress, shift your focus to finding key reversal points and defining new entry zones (Watchboxes) for future trades at more attractive prices. View this price correction as a strategic opportunity, not a threat. 🚀
What are your thoughts on this pullback? Are you seeing it as a risk or an opportunity? Let's discuss in the comments. 👇
Trade Smart!
Navid Jafarian