ETHUSD Fibonacci RetracementPrice levels to be copied into Excel. These are the corresponding prices that partial profits are to be taken at. Longby jandr12240
ETH/USD Breakout Keeps RSI in Overbought TerritoryETH/USD breaks out of the range bound price action from last week to keep the Relative Strength Index (RSI) in overbought territory. ETH/USD Outlook ETH/USD extends the series of higher highs and lows from earlier this week to register a fresh yearly high ($3473), and the rally may persist as long as the RSI holds above 70. A breach above the April 2022 high ($3581) opens up the $3890 (23.6% Fibonacci retracement) region, which largely aligns with the January 2022 high ($3892), with the net area of interest coming in around $4100 (161.8% Fibonacci extension). However, failure to test the April 2022 high ($3581) may pull the RSI back from overbought territory, with a close below the $3230 (161.8% Fibonacci extension) to $3360 (100% Fibonacci extension) area bringing $3110 (78.6% Fibonacci extension) on the radar. --- Written by David Song, Strategist by FOREXcom3
ETHUSD - Bullish TrendETHUSD is on Bullish Trend, will this bullish pump continue? Entry, Stop Loss & Take Profit continue?Longby Umair_AmjadUpdated 111
ETHEREUM - Breaking Barriers and Unleashing PotentialIn recent months, Ethereum (ETH) has taken the crypto market by storm, showcasing significant price movements and sparking renewed interest among investors. Just a short while ago, ETH was trading below the $900 mark, followed by a surge past $1200 and a breakthrough beyond the $1500 level. The crypto giant continued its ascent, smashing through the $2100 barrier and currently stands at an impressive $2300. Price Movements: The journey of Ethereum's price has been marked by volatility, with notable fluctuations. The recent surge has captivated the attention of traders and analysts alike. The initial push past $1500 demonstrated a strong bullish sentiment, and the subsequent breakthrough beyond $2100 further solidified Ethereum's position in the market. The current valuation of $2300 reflects the resilience and potential of the second-largest cryptocurrency. Comparison with Bitcoin: While Ethereum has experienced significant gains, it's essential to note its performance relative to Bitcoin (BTC). Ethereum's recent surge has propelled it to new heights, but it lags behind Bitcoin in terms of overall market dominance. Some observers have pointed out that Ethereum is currently in a position that may be perceived as a bottom relative to Bitcoin, raising questions about its ability to catch up in the near future. The $2300 mark is just one milestone in Ethereum's journey, and the question on everyone's mind is, "How far can it go?" While this is not financial advice, the potential for Ethereum to reach new heights is evident. The dynamic nature of the crypto market, coupled with ongoing developments in the Ethereum ecosystem, makes it challenging to predict the upper limits of its price trajectory. Conclusion: In conclusion, Ethereum's recent price surge has been nothing short of remarkable. From breaking through $1500 to surpassing $2100 and reaching $2300, Ethereum has showcased its strength and resilience. As the crypto community closely monitors its performance, the question of Ethereum's potential remains open-ended. While it may currently be at the bottom relative to Bitcoin, the road ahead is filled with opportunities, and the crypto space eagerly awaits the next chapter in Ethereum's journey.by GokicUpdated 4
higher low at 1800 then ascensionfate will remember the coming weeks, may lady luck smile upon youLongby lompdoctorUpdated 4
Ethereum, Clearer Outlook In The Market, Opportunities Arising!Hello, Traders Investors And Community, welcome to this update-analysis about recent events, the current price-formation, what we can expect further from ethereum and opportunities arising out of this environment. The cryptocurrency-space is sending many contrary signs at the moment where a lot of currencies looking rather weak and bearish than tradable on the long-side as bitcoin is still under solid resistance levels and in overbought conditions, the destiny of the cryptocurrency-markets is standing in the stars with a vast amount, therefore, we have to get a clearer picture and what are the possible opportunities at the moment. But there is one cryptocurrency which is showing some interesting signals at the moment which I detected that can lead to some good volatility sooner or later which is showing up in my chart and ethereums daily timeframe. Initial Analysis According Ethereums Market-Environment (Daily Timeframe): As we can examine now clearly is that ethereum confirmed above its support/resistance line which I pointed out in the past analysis this was an initial important step to become more bullish in the short-term which can indicate further bullishness on the middle term. As ethereum consolidates above the support-line this can lie the ground for a bullish breakout to the upside which will be confirmed when the pair crosses above the falling blue resistance line you can see in my chart. When this happens we can expect a higher high to form with a 75 % probability which will establish when the boundary crosses with good volatility to the upside, remember that this has to fulfill otherwise we can still confirm this boundary as resistance and either consolidate more in this range or fall back to bearish regions. Furthermore, ethereum trades above the 400- and 200-EMA which are marked in orange and blue in my chart which is a more bullish sign at the moment because it is trading above them, a more bearish signal would be when ethereum trades below them similar to the situation we have seen by march this year where the worldwide global economy corona-breakowns established and caused a high volatile bearish move to the downside. Alright, this setup can be traded in the smartest way with the confirmation above the lower boundary or with confirmation of, remember that before that does not happen there is still a possibility given that ethereum weakens and turns bearish therefore we need to keep patient and wait for the market to respond in the proper way that we can take advantage of the possible opportunities arising. In this manner, thank you for watching support for more market insight and all the best! Trading effectively is about assessing probabilities, not certainties. Information provided is only educational and should not be used to take action in the markets. by VincePrinceUpdated 8875
Ethereum, Moving In Triangular-Shape, Confirming Until Breakout!Hello Traders Investors And Community, welcome to this analysis where we look at the recent events, the current price-structure, and what we can expect the next weeks and days on the weekly timeframe-basis within ethereum. Currently, the cryptocurrency market is sending a bunch of contradictory signals, as there are some which look rather bearish like litecoin or bitcoin cash there are some others like ethereum which have some good underlying support-structures in the base, this situation is playing into the theory that the cryptocurrency market is changing in a more fluid and unequal in amplitude market, it is not like the bull-market seen in 2017 where there was just everything going to ensure a stable trend with high volatility, therefore, it is important to estimate the different coins rightfully in order to profit from peculiar changes, therefore, we are looking at the weekly timeframe in ethereum. As you can examinate when looking at my chart is that ethereum currently trades in an overall consolidation which is formed below the upper boundary restriction formed by the highs of 2019 and 2020 you can watch marked in my chart with the blue line. Furthermore, we have the 100-EMA which is holding the consolidation currently to the upside, this EMA and the falling upper boundary are forming a coherent triangular-shape together which you see marked in my chart. Such a formation as I mentioned already in previous analysis can either break to the up or downside with a higher volatility the longer the trend stays in this triangular shape, at the moment we are still in the beginning within this shape in ethereum that means the consolidation here can go on some time before making a point and finally showing the proper breakout-direction. Bullish Confirmational Scenario (4-Day Timeframe): Bearish Confirmational Scenario (4-Day Timeframe): It is important to evaluate in this structure that we can trade the right breakout when the triangle already confirmed, this will either confirm in one of the two directions I show in my chart. Considering the bullish scenario a clear break with high volatility of the upper falling boundary will signal the confirmation of the bullish scenario and trade on the long-side can be entered after conservative after the upper boundary has confirmed be a touch of it or aggressive immediately after the breakout. Considering the bearish scenario a break of the 100-EMA to the downside with the right volatility can be traded on the short-side by an aggressive entry after this breakout has occurred or by a conservative entry, after ethereum provided a consolidation below that level and sets up to continue to the downside, traders should decide according to individual risk-preference and informational input. For now, it is important to keep patient and wait for what the market provides us, to have a clear picture we need to confirm our given scenario accordingly in order to profit from the opportunity arising, this is what traders should prefer in such an environment as the stock-market is sending bearish signals due to upcoming corona-fears similar to those seen in march this can also affect the cryptocurrency-space as we had a similarity in amplitude within the phase-in March to April. At the moment it is not confirmed that the bull-market is completely over but it is definitely within the possible spectrum that there comes a smaller or bigger correction before moving upward when looking at the overall cryptocurrency-space environment, in order to not get surprised by such a movement we should be arranged rightfully to wage the possibilities arising in a genuine manner. In this manner, thank you for watching, support for more market insight, and all the best! Astonishing claims require astonishing evidence in order to succeed in destiny. Information provided is only educational and should not be used to take action in the markets. by VincePrinceUpdated 3232121
Ethereum, H%S Confirmed Properly, Further Price-Action Develops!Hello Traders Investors And Community, welcome to this update-analysis about recent events happening in ethereum, the currenet price-formation and what we can expect from ethereum the next days and hours. The whole cryptocurrency market is sending mixed signals at the moment, while some cryptocurrencies looking rather strong and solid there are cryptocurrencies which look more bearish than bullish. A cryptocurrency right now is definitely ethereum with the second largest market-cap in the market it is posing an significant role beside bitcoin. As i forecasted in recent analysis ethereum broke out of the major head and shoulder formation we had in the structure which activated the target, if you did not watches this analysis I highly recommend it to you for having a full-depth-overview about the occurences happening. As looking on the locally 4-hour timeframe we see this major head and shoulder formation confirmed to the upside now and as ethereum developed some further since the breakout we have a correction in play which can become bigger or keep in the magnitude it has developed. As you can see in my chart ethereum is building an uprising-trend-channel here with its lower boundary already touched, therefore it is highly likely that we touch this lower boundary the next time we visit it again. For a continuation to the upside it is highly meaningful that we hold the 225 level where we bounced to the upside, when we cross this level down there is a higher probability that bearish pressure to the downside increases, it is a similar important support level like the one we have currently in bitcoin, this level needs to be hold for the further upmove! The Initial Head And Shoulder Of The Structure (4-hour Timeframe): Higher Boundary Resistance Matching With Target (Daily Timeframe): The next time we can anticipate that ethereum ends up the correction to move higher, when this happens correctly and when we do not get higher bearish pressure signs which will show another leg to the downside it is within the definite possible spectrum that we reach the full-head-and-shoulder formation which you can see in my chart. This possible move can be traded with the breakout conservative or aggressive with an entry in the current range, but keep in mind that we have daily strong resistance at the full-head-and-shoulder target by the falling upper boundary I mentioned in past analysis about the daily perspective, therefore It should be remembered that we can get a significant reversal to the downside when we reach that level because there is still plenty of resistance. When the time comes we will see and contemplate further. At the moment the situation for ethereum and other major crpytocurrencies is an important decision-point, while we see significant differences in the market, there are many which looking extremely bearish with high potential to continue bearish while others looking more indecisive to more bullish on the short-term like ethereum. Therefore we can expect a shift in demand in the market and some differences popping up in the price structure, it is not comparable to the 2017 market where everything had the same exceptional volatility, now in 2020 there are crpytocurrencies going sideways the whole time without any chance while others providing heavy gains to the upside and outperforming, this can cause a huge paradigm shift and traders should the differences as they changing to be sound for the different market conditions we experience these times. In this manner, thank you for watching, support for market insight and all the best! Edification is the key to everything because it is the goal of true sophistication. Information provided is only educational and should not be used to take action in the markets. by VincePrinceUpdated 222288
✅ETHEREUM KEY RESISTANCE LEVEL AHEAD|SHORT🔥 ✅ETHEREUM keeps growing In a massive uptrend and the Coin already gained 55% from the Lows of the last correction and By the time the price hits the Resistance of 3600$ it will be over 60% Which means that the coin is locally Overbought and that we are likley To see a bearish correction of Around 7-10% from the resistance After the retest of the level above SHORT🔥 ✅Like and subscribe to never miss a new idea!✅ Shortby ProSignalsFx228
Target for the next 6 months - ETH - 3200-3300$According to the volumes and price action in the last months, the target for the next 6 months is $3200-3300 for ETH. Considering the following aspects: - The Cancun upgrade on the ETH chain; - Possible Eth approval from May 2024 for ETH; - The emerging narrative with Layer 2 on ETH; - The ETH/BTC ratio is in a support zone; I consider that 3200-3300 is a realistic target. Longby coin_scoreUpdated 2
ETH, Where to Buy the Dip ? ETH is most likely correcting 5 years up going wave ! is the correction over? Most probably NOT. ETH at ATH more than likely completed an impulsive section of a wave cycle and currently is in the corrective section. Normally in simple form, corrections have 3 legs with two legs down and one leg up in between. As shown on the chart , it is very possible for ETH to be in the third leg of the ABC form of correction (C) after completion of first two legs (A and B). ETH got hammered at 50 % Retracement of down going wave A which is acceptable and also typical for a zigzag correction. If we skip some unusual types of zigzag correction, ETH should normally make a new low at lower Retracement levels shown on the chart. So, Our " Buy the Dip " targets will be 1863 and 1046 USD corresponding 0.618 and 0.786 Retracements of 5 years up going wave respectively. After end of correction, if we are going to have a normal ascending wave cycle , there will be a shining chance to invest on ETH. It may see some unbelievable targets above 10000 USD ! I have to emphasize what has been discussed is the most probable scenario . We know that waves, especially in corrective phase, can take many complicated forms. Should it need any update, we will provide in appropriate time. Hope this to be useful and wish you all the best. by SaeedSajediUpdated 7733
Ethereum's Stellar Performance: A Guide to Navigating the MarketEthereum has been a star performer, crossing the $3,300 mark, showcasing our accurate market predictions. From advising a strategic short position before $5,000 to recommending a timely buy-in below $1,000, our Ethereum strategies have been spot-on. The recent breakthrough from a significant wedge pattern, on its third attempt, marked a pivotal moment, affirming our bullish stance when Ethereum was priced at $2,100. The anticipation surrounding an Ethereum ETF adds to the excitement, mirroring the success of Bitcoin ETFs. With Wall Street's growing appetite for cryptocurrency, an Ethereum ETF seems not only plausible but likely. Our Fibonacci projections are ambitious yet attainable: $3,863, $6,117, and an aspirational $9,958 within 2024. Optimism, a Layer 2 solution, is also on our radar for its exceptional performance, further solidifying Ethereum's position in our portfolio. In navigating the Ethereum market, consider these insights: Wedge Breakouts: The significance of pattern recognition cannot be overstated. The successful breakout from the wedge pattern signaled a strong buy opportunity. ETF Speculation: Stay ahead by considering the broader implications of ETF approvals and rumors. An Ethereum ETF could catalyze significant price movements. Fibonacci Levels: These projections serve as critical points for evaluating entry and exit strategies, guiding investment decisions with precision. Ethereum's journey is a testament to strategic foresight and market acumen. As we continue to monitor its progress, remember that adaptability, informed decision-making, and a keen eye for patterns are your best tools for success. One Love, The FXPROFESSOR 💙 ETHBTC: Longby FX_Professor10
ETHUSD - Breakout trade: Trend continuationGo Long here @ $3034, TP: $3291 (next resistance), SL: $2901 (previous pivot low). Breakout occurred above from ascending triangle pattern resistance. In uptrend (price higher than 250MA). Trend continuation trade. 2:1 R.R. 3-5% of fund risked. Sells placed for 50% at 1:1. Move stops if new pivot lows form. 60% win probability estimated (maybe higher looks bullish). BITSTAMP:ETHUSD BINANCE:ETHUSDT Longby HolRizUpdated 15
ETH RANGES Ethereum being the second biggest coin in market cap has a very important role to play in the crypto ecosystem, however, we haven't heard to much talk or news about the coin as other L1's have stolen the spotlight. SOLANA, INJECTIVE, SUI etc have all grown in popularity and have taken a lot of the focus away from the biggest altcoin by market cap. In the chart there are clear ranges for which I believe are worth trading. Range 1 & Range 2 are the HTF key levels, bouncing between the High, low and the midpoint of the range . Currently we have seen price be rejected from the Range 2 Midpoint the support comes from the $2130 level in the HTF but the red supporting trendline on the lower timeframes. For now the chop has kept ETH within those areas and until proven otherwise should be traded as such. A case for the bulls on Ethereum : - ETF narrative can be a powerful mover as has already been demonstrated with the BTC move all of last year. Now that the Ethereum ETF awaits approval we could see a similar rally towards the decision date at the end of May this year . It's important to note that this date is post BTC Halving event and historically a rally follows this event throughout the market. - Deflationary tokenomics lend themselves to a bullish asset for investors because of simple supply and demand dynamics. With the inevitable increase in retail exposure that comes with a Bullrun in addition to BlackRock and other ETF providers buying large sums of the crypto to offer to customers. Naturally this increases price as demand is up, now couple that with a deflationary circulating supply and you have a very bullish scenario where a very sought after asset is becoming increasingly rarer, perfect storm for the bulls. A case for the bears: - OLD NEWS... I would say that in crypto being the new kid on the block is very important for increasing the price of the token. We have seen in the last year many new L1's be released and have taken the spotlight away from older more established coins which can be disheartening for anyone that's holding ETH or looking to add ETH to their portfolio. INJECTIVE, SUI, TIA to name a few often outperform the larger cap coins that are older as the potential to grow is much larger. Ethereum already has a market cap of $280B The likelihood of 5x, 10x or 20x gains are much lower than a smaller cap coin offering a similar service with newer technology. So for this reason I think the well established nature can work against Ethereum but it is worth saying that because of this it is less risky to invest in a larger cap coin when compared to smaller caps. I'm keeping a keen eye on ETH both against stables and BTC pairs but will avoid getting drawn into the choppy price action. Only taken action at the key levels shown on the chart. by ProR35Updated 3
[Update ETH] It's not complicatedLook, it's easy. People want tge grey scenario (super low, up, down) ---> 5% chance. People want the black scenario (double high) --> 60% chance People want the blue scenario (higher high) --> 35% chance So.. My strategy is to sell 75% of my alts value once Ethereum touches the high, goes down and bumps back. I will keep 25% in case we see an extra melt-up (to be sold). If not, I will sell the remaining 25% at the lower low.Longby HomocryptusUpdated 115
$ETH Price Prediction 2/27/2024ETH flips the 3200/3210 critical priceline bringing us into the mid-3200s. Expect a hold between ~3200-3400 until consolidation forms another pattern. The 3k crossover marker has been removed but the added support will remain applicable. www.tradingview.comby CheddarBizcuitz339
Ethereum: Preparing for Deeper Corrections Given that we've surpassed the 138% level, we must anticipate a more profound downward trend. We find ourselves in what appears to be a Wave ((ii)) correction, and we won't force an entry. Instead, we're adopting a long-term stance on Ethereum, avoiding the catch of falling knives. We expect a retracement between 50% and 78.6%, targeting the $2,300 to $1,860 range for Wave ((ii)) to find its support. The exact timing of this correction is uncertain and likely will take some time to fully materialize. Consequently, a continued significant rise doesn't align with our expectations. Thus, we are positioned to anticipate a decline to at least 50% and at most 78.6% retracement. Should the price drop to these levels, it could potentially fall as low as $1,500. If it turns in this area we expect Ethereum to go to at least $4500. by stromm_by_wmcUpdated 2212
ETH long term targets#ETH #ETH_LTA Long term targets are calculated using 2020 - 2022 rise and fall. previous ATH: 4868$ area potential long term targets and important areas: (7800 - 9800 area) - 14400 - (21k - 26K area) (if price drops below the June 2022 low, targets and areas must be re-defined after the new low is formed)Longby ilyann116
the real question is what happens to $ETH at ATH?eth is currently holding above the quarter channel with resistance above between 3500-ATH there is a potential moonshot to 7k and beyond (13k?), if the markets are indeed in the infant stage of a bull run. for now eth is heading towards the golden pocket of the move down with support from ath avwap as htf bullish market structure never broke this could mean that the highs are ran, rsi has bounced the mid point and could be cruising towards the cook zone again, its here i will watch to see a divergence form when the 3M OB and yearly level is approached. upside 3500, 4500/ATH, 7000, 130000 downside 1900, 1200, 800 its quite possible that we put in a long term range drifting between 5k and 1k before we see expansion upwards nfa, just food for thought on the htf but most of the volume is supporting price.Longby TBTSUpdated 2
ETHUSD → Retest 2800. What's next? Growth or pullback?BINANCE:ETHUSD is forming a gorgeous rally after breaking through the consolidation resistance of 2838. There was an idea where I pointed out the importance of this area. The coin is up almost +19% Idea: ETHUSD → What's the significance of 2300? When's the growth? Technically, the price is currently forming a trend retest and is at its highs. High interest in etherum as well as strong fundamentals play a favorable role for further strengthening of the pair. The main fundamental frontier is ETH-ETF, analysts are waiting for approval in summer, but so far it is only a rumor. Technically, after the rally, the price can form a false break of trend resistance and 2788.8 and form a correction to the risk area - 0.236 fibo or 2644 before further growth. But the market is so strong that consolidation above 2788.8 may form a local bottom, which will favor further growth to the above targets. Support levels: trend, 0.236 fibo, 2644 Resistance levels: 2788.8, 2952, 3275 A strong bullish trend may form a stop or a small correction before further growth. Technically and fundamentally everything is predisposed to the trend continuation. CME:ETH1! CRYPTOCAP:ETH CRYPTOCAP:TOTAL Regards R. Linda!Longby RLindaUpdated 171777
ETH: Take a breath and resume ETH call was top notch, price perfectly followed the trendline and stopped at 3'200, which was our target. Now, I personally expect a little retracement to retest the upward trendline (at 3'100) or even test the psychological level of 3'000. These could be nice buy opportunities. Next clear target is 3'400. Longby RF_Trading2
ETHUSD could rise to $3200-$3500 and then the price will declineETHUSD could rise to $3200-$3500 and then the price will decline to $600-$650. January 17, 2024Shortby JalilRafieefardUpdated 666