🤖🔥🚀 The 50MA on the daily chart aligns perfectly with the $2475 level + a squeeze!
Great entry point for a long!
ETH Long $2475!
Entry model: Breakout
First target: $2551
Second target: $2659
💡 ETH is currently a low-volatility coin with high volume. Leverage: 20x-50x!
Short stop-loss.
ETHUSDT technical analysis update
ETH price has formed a triangle pattern and has been trading within this triangle for the last 70 days. The price is now approaching the triangle's resistance level, where the 100 EMA is likely to act as additional resistance. If a breakout occurs, we can expect a strong bullish move in ETH.
Regards
Hexa
BTC has corrected healthily to -20% from its peak after reaching its parabolic ATH highs of 73k.
Now the mother of all of coins is showing some strength again. Weekly data metrics is shifting now and buyers are back again, positioning aggressively for the next RUN-UP to ATH and beyond.
From our weekly chart diagram above, you can observe that the black bear...
ETH 1D - TRIANGLE 1 + TRIANGLE 2
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ETH/USDT is currently attempting to break out of a symmetrical triangle on the daily chart, a pattern that typically represents a period of consolidation before a strong directional move. The price has been coiling between a horizontal resistance zone around $2,750 and a rising support trendline, building tension for a potential breakout. Currently priced at...
#ETH scalp short idea. Shorted from the supply. Expecting to retrace till purple line.
It is scalp, i am overall bullish. If we dont hit the target till monday evening (NY local time-EST) i will consider to close trade manually.
Nothing i share is financial advice. Education purposes only.
#Altcoins #Crypto #altcoin #AltSeason2024 #Bitcoin #Ethereum #ETH...
Ethereum seems to be forming a bullish triangle.
From where we placed the red arrow on the chart, it seems that the correction of ETH has started.
We now seem to be in wave D of this triangle.
We are looking for buy/long positions in the green range.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please...
I have two price scenarios for ETH
Scenario 1: If the price drops from this range and reaches $2,500, you can start buying from the same area and maintain it until the final target of $3,000.
Scenario 2: After the price falls to the resistance zone in the range of 2730-2820 and reaches the range of 2330-240 dollars, take a buying position from that area and hold...
Today, Ethereum is showing a steady uptrend after failing to break the key support levels of $2,330 - $2,360. The price has started to recover and is currently hovering around $2,360.
Technically, ETHUSDT can be seen holding above the 34 EMA and 89 EMA, with signs of confluence and a potential reversal near the $2,440 support. Additionally, a double top and...
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Since ETH is in a reverse array (M-Signal on the 1D chart < M-Signal on the 1W chart < M-Signal on the 1M chart), I don't think it's time to trade.
However, since it is located near the...
Technical Overview:
Ascending Trendline Support: The chart shows a long-term upward trendline, suggesting a steady support level around the $2,000 - $2,200 area. This trendline has historically provided strong support for price rebounds.
Symmetrical Triangle Formation: ETHUSDT is currently consolidating within a symmetrical triangle pattern (highlighted in...
Is This the Last Dip Before a Major Upswing?
That’s the burning question on everyone’s minds as CRYPTOCAP:ETH seems to be lagging behind its crypto counterparts.
However, there's a silver lining on the horizon. CRYPTOCAP:BTC is showing bullish signals, and as we all know, Bitcoin is the heartbeat of the crypto market—its movements often set the tone for...
On the 2-hour chart, I see that ETHUSDT has just broken below the ascending channel, signaling a strong bearish possibility ahead. After failing to break above the key resistance zone around $2,456 - $2,480, the price action seems to be signaling that the sellers are still in control and the bearish pressure is increasing.
From what I see, the current setup is...
ETH continues to trade within the descending channel, which indicates a bearish trend in the short term. A breakout above the upper trendline could signal a bullish reversal.
The immediate support level is around the $2,240 mark. If Ethereum sustains above this level, it could see a potential bounce, leading to a bullish move.
There is a crucial resistance zone...
In the weekly Ethereum chart above, several indicators suggest ETH could be approaching a significant support zone, potentially leading to a reversal:
The MACD is nearing a potential bullish crossover. This is typically seen as a signal that the downtrend could be losing strength and that buyers might step in soon. A confirmed crossover would likely lead to a...
