Based on your ETH/USD chart, here's a potential approach for deciding when to execute trades:
1. Support and Resistance Levels:
- Resistance: Around 3,491 - 3,446.
- Support: Around 3,385 - 3,202.
2. Chart Patterns:
- The price is currently in a descending channel, indicating a bearish trend.
- Look for potential breakouts above or below the...
ETHUSDT is moving in range, wait for the breakout to get trade or place your buy and sell stop with given Tp's.
Mange your risk according to account size!
In the 4-hour timeframe, ETHUSD indicates a bearish trend following a breakout below the ascending trendline. This bearish move is further supported by a correction ranging between 50% to 61%, potentially signaling a continuation of the downtrend. Traders could explore short-selling opportunities after confirming the completion of this corrective phase for...
Anticipating an upward trajectory towards $2,500 to $2,750, caution remains key amidst the cryptocurrency market's inherent volatility. Each downturn appears as a potential buying window, yet prudence in position sizing is advised. Institutional maneuvers and U.S. interest rate fluctuations may impact Ethereum. While declining rates could enhance crypto appeal, be...
Ethereum traders are at a pivotal point as $2,300 proves to be a crucial battleground. Sustaining upward momentum here could lead to a significant rally towards the coveted $2,500 resistance, instilling renewed market confidence. Conversely, bears aim to breach the $2,200 support, potentially triggering a notable downturn with $2,000 as a possible target. The...
The price of Ethereum (ETH) is poised for a 5% increase, aiming to test the highest level within the $2,141 range before a potential correction. The trend-breaking tool continues to play a supportive role as a key level, with immediate support standing at $2,029, maintaining its position above the ETH peaks. Similar to Bitcoin, the RSI indicator is on the verge of...
The price of Ethereum (ETH) is at risk of losing a crucial support level at $1,935, marking the midpoint of the supply zone that has become a breaking point for the extended bullish trend ranging from $1,864 to $2,004. If the $1,935 level fails to hold firm, it could spell disaster for token holders, with ETH potentially sliding down to the psychological level of...
Ethereum is showing signs of a significant breakout, forming an ascending triangle pattern with three higher lows and three nearly equal highs since June 2022. A decisive weekly close above the $2,000 horizontal resistance could trigger a 43% surge to $2,943.
Currently, Ethereum is holding above the support of the Momentum Reversal Indicator (MRI) at $1,936,...
Ethereum's price maintains its position above the crucial $1,935 support level, which could spell doom for ETH if breached. With the RSI tilting upwards and AO staying in the positive zone, ETH may extend its upward trajectory, recovering above the $2,029 support to follow the upward trend. This could propel the second-largest cryptocurrency by market...
Eth has been bullish compared to BTC, so for me to trade this pair because it refused to make lower low but it also still took out some lows as an inducement to go short however, that's not the actually direction. It's direction is bullish to offset short traders. My possible scenario is for the market to trade into my zone at about 9:30am NY time today, then I...
Here is my analysis for ETHUSD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my analysis for ETHUSD on H1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
For the short term view, we think price will be bullish up until $1880 region. At that point price will drop for the last time before it the trend changes.
H4 - Bullish divergence
Most recent downtrend line breakout.
Expecting short term bullish moves to happen here.
H1 - Higher highs.
No opposite signs.
Until the two strong support zones hold my short term view remains bullish here.
Dear Traders, our latest update on ETHUSD is here, we are noticing that price is preparing for another bull move upwards to 2700 which will fill up the gaps in the market. We will be closely looking at this crypto pair and will update you as we move.
The following analysis shows potential scenarios of what can occur but some of these will be key levels for price to hold if were to continue bullish or potentially buy back after price has moved down.
