Waiting for level confirmation Followed by correction
At the moment, the ETH/USD trading situation is characterized by volatility, which is often seen in the cryptocurrency market. Ether (ETH) is at levels that can be both support and resistance, depending on current news and analytics. Investors are keeping a close eye on regulatory changes as well as the...
Go through the analysis carefully, and do trade accordingly.
Best of luck
Never risk more than 1% of the principal to follow any position.
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📊Analysis by AhmadArz:
1. Range 📉:
- The price has been fluctuating between support and resistance levels. After breaking out of this range, the trader enters the trade.
2. Entry Point 🚀:
- The entry point is at 2742.55 USDT. The trader initiates a buy position after the price breaks above a key level.
3. Take Profit 🎯:
- The target profit is set at...
4h time frame
-
Entry: $2800
TP: $2240
SL: $2950
RR: 3.7
-
(1) Still on the path of Elliott 2nd wave
(2) Need more momentum accumulation before 3nd wave starts
(3) Potential Head and Shoulders on 4h
(4) There is a buying opportunity at $2200~$2100
(4) Be careful and make sure to stop loss, the crazy pump is coming
Well, strap in, because we're about to blast off into the stratosphere of cryptocurrency analysis! 🚀
According to the latest data, Ethereum (ETH) is currently trading around $2,672.89, with a projected increase of 5% in the next 30 days. That's a pretty solid boost, but is it enough to send ETH into orbit?
Well, let's take a look at the long-term predictions. By...
BITSTAMP:ETHUSD
Possible Targets and explanation idea
➡️Trend based fib extension
➡️Amazing test 0.5 level
➡️If we dont drop again under 1420 we Have an all chances to close 0.78 lvl this year 2535 and move forward to the next targets.
➡️Targets conservative but just to be honest i dont think ETH will reach 10K next bull run
➡️ And yes everything that...
CRYPTOCAP:ETH 1W updated;
Only 22% of our 32% decline target has been achieved. ✅
Another 15% drop is needed for the beginning of the bullish harmonic structure. ⏳
The $2900 level is the balance level. This will be possible as long as there are closures below it.
#eth #ethereum
4h time frame
-
TP: $3600
SL: $2730
RR: 5
-
(1) Potential Bullish Gartley
(2) Entry based on two support-Gartley D point & descending channel bottom
(3) Stop loss if go below the horizontal support
4h time frame
-
TP: $3880
SL: $3000
RR: 8.78
-
(1) Potential double bottom is creating
(2) Left leg of double bottom mentioned above performed good support at 0.382 Fib projection
(3) This is an opportunity to add position for traders who followed previous trading plan
(4) $3880 is good to close "partial", not all, there is a higher target
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Previous analysis
Good news are coming for Ethereum and by price action view we are still in a bullish trend.
I draw 3 green level to buy, and I think we will see higher prices this year and next year.
Rumor has it that ETH ETF trading will start tomorrow
If memory serves, with the start of BTC ETF trading, the price of Bitcoin 💰 rose briefly, and then a 2-week correction followed... And then there was a without correcting rise #BTCUSDT price from $40 to $70k
We model approximately the same scenario on the OKX:ETHUSDT chart
As long as the CRYPTOCAP:ETH ...
📊In the W1 , we had the same movements that caused the price to stop in those levels , and according to the past chart, we can expect a stop at the 3300$ and 4470$ levels in the next price movements, which will lead to a deep correction.
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Market Maker BUY Model - This view is in the medium term / Just a technical overview and not an invitation to buy or sell - you are responsible for your decision
The Ethereum (ETH) market has witnessed a significant surge in recent days, with the price decisively breaking through the $3,250 resistance zone. This bullish momentum has instilled confidence in investors, suggesting further potential gains in the near term.
Breaking Through Resistance: A Sign of Strength
Previously, the $3,250 level had acted as a formidable...
ETH is at the edge of the supporting trendline at $3200. A breakdown below this level will drop the price of ETH below $3k, reaching as low as $2500 to $2800.
On the brighter side, we have the 200 EMA acting as support for ETH, and a rebound from this green line could help ETH rally to the resistance level at $3800.
For now, ETH must hold the 200 EMA on this...
