$ETH Price Prediction 5/27/2024A bit of correction after price falls short of 4k. Look to hold support above 3685/50EMA if we drop below 20EMA. Further recovery is still expected which could begin at the start of next month. www.tradingview.comby CheddarBizcuitz1
Ethereum- Nice bullish chart structure indicates 5kLike BITSTAMP:BTCUSD and much of the crypto market, COINBASE:ETHUSD is also in a strong uptrend. A correction began in March and concluded at the beginning of May. After breaking out of the corrective falling wedge, the price rose again to the 4k zone, with a high likelihood of breaking above this important level at this moment If this occurs, I expect Ethereum to reach a new all-time high around 5k or even higher. I remain bullish as long as the price stays above 3.5k. Longby Mihai_Iacob8
ETH updateAt this moment and in given time frame Target is 4020. Overall - All time High is on the way! Good Luck!by sunmikee114
Ethusd potential play Looking at a nice inner range short that you can take to capture the sell side liquidity or potential swing further down as the previous idea that I have posted PAYtience pays Set that alert Be aware of post market spread at 4pm cst Shortby Onlypips4xUpdated 333
Ethusd range playNice potential range on Ethusd Looking to fill in Some imbalance and possibly reclaim some liquidity at the bottom this weekend into next week Reclaim that liquidity for the push higher later in the summer PAYtience pays Shortby Onlypips4xUpdated 556
ETHUSD Ethereum has shown strong bullish momentum, with recent price targets indicating potential upward movement. Analysts suggest that Ethereum could test resistance levels around $3,132 and $3,360 There is also a notable support range between $2,680 and $3,100, with potential declines testing the $2,905 level before any further upward movement. The Relative Strength Index (RSI) for Ethereum indicates it is currently overbought, suggesting a potential for a price correction. Analysts expect the price might dip to around $1,750 before resuming its upward trajectory. The outlook for ETH/USD remains optimistic with several bullish indicators and key levels to watch. However, potential corrections and regulatory challenges should be considered by traders and investors when making decisions. Overall Summary: The consensus from various technical indicators is a Strong Buy Longby TFXBR1
ETHEREUM - NEW BREAKOUT 🚀Hello Traders ! After a Huge Bullish Move, The ETH Broke a Strong Resistance Level (3729.16 - 3646.38). This Key Level Becomes a New Support Level ! So, I Predict a Bullish Move📈 --------------- TARGET: 4002.00🎯Longby Hsan_BenhmedUpdated 7724
Ethereum 1d by RB🧐 Hello, dear friends! Today, let's take a look at the Ethereum/Dollar chart!💥 On February 25th, the last line of the descending trend was broken upwards, as indicated by the blue circle - that's serves as an excellent signal for further growth. The question now is when to expect a correction? And how deep will it be?🧐 The next strong resistance levels are 3590 - 3980! Reaching these levels, the price may start a correction for further growth. The depth of the correction will depend on further price formations, so I will update the chart accordingly! Thanks for Your attention. Stay tuned!🫶 Sincerely Yours, Kateryna💙💛 by RocketBombUpdated 2246
ETH facing ☁️, downside risk for the next 24 hours The SEC approved the spot Ether ETF applications of eight asset managers overnight. Blackrock, Ark Invest, Van Eck and Hashdex are some of them. “We are so thrilled to confirm that the SEC has approved, pursuant to Section 19(b) of the Securities Exchange Act of 1934, our exchange partner CBOE’s proposed rule change to list and trade a @vaneck_us spot #Ethereum ETF on the CBOE!” said the Head of Digital Asset Research of one of the asset managers, Van Eck’s Matthew Sigel. The above-mentioned approval does not suffice for the listing of the spot ETFs. The asset managers now need to get their S-1 Form (the proper registration statement of the financial product) approved as well and this might take time. The price of Ether rose 0.5 percent to $3,740 over the past 24 hours. QCP, a crypto asset trading firm, forecasts that its price could rise to $6,000 as a result of this approval, Bitcoin.com reports. Mixed trading conditions and bearish clouds lie ahead for the global crypto market in the next 24 hours, Ether included. This signals downward pressure. Over a one-week horizon, the sun should break through and shine over it, indicating upside potential. Follow us for more crypto news and weather reports!Shortby ATTMO3310
Ethereum (ETH): Strategic Entries and Potential DropsFor Ethereum, we're observing a chart pattern that has developed a weak divergence, and we believe it is now correcting wo the end of Wave 4 of Wave (3). We plan to place multiple entries; our first entry was at the upper range of the Wave 4 target area around $3200. However, the price has continued to decline. We are now looking to DCA and make a second entry at $2600, with a final entry in our worst-case scenario at $2277. We suspect there might be further downside potential, but the extent is uncertain, and we intend to buy additional spots. Those already in from the first entry can choose to hold or buy more—this is on yourself. Given the expected market weakness, there could be opportunities to establish substantial long-term spot positions. Upon examining the annual VWAP, we're observing a scenario where the 2021 VAH is acting as a current resistance level. We briefly surpassed this level but quickly fell below it again. We believe there could be good entry opportunities in the area between the 2021 VWAP and the 2022 VAH, which closely align around $2,500 to $2,450. Below this, the next significant level could be the 2023 VAH around $2,000, indicating a substantial gap in the middle. This will be elaborated further in subsequent sections of our analysis. However, this setup on the larger chart presents a probable scenario, yet we're also considering managing our positions above this range as shown above. The 61,8% Fibonacci retracement is still the second entry target for us. 12H On the quarterly VWAP, we observe that the VWAP from Q4 2021 acted as resistance at exactly $4,100. Since then, we've experienced a downward trend and identified several levels acting as resistance or support. Currently, we're situated right at the 2022 Q1VWAP and the 2021 Q3VWAP, which could provide enough support to push us above the $3,000 mark. Ideally, surpassing the $3,200 mark would be beneficial, but we perceive this as challenging since the current quarter's VWAP is likely to act as resistance around $3,200. We think it's possible we might revisit the levels of the 2021 Q2VWAP to the 2024 Q1VAL, ranging between $2,670 and $2,426. While we don't anticipate falling much below these levels, it's not outside the realm of possibility. These remain our critical levels for now. 4H Considering the monthly VWAP, there's a scenario where we might see an upward push toward the Previous Monthly VAL, given that the February VWAP has acted as support three times already. This aligns with the desire to see Ethereum exceed $3,200, which would surpass both the February VWAP high and the Previous Monthly VWAP. Achieving and maintaining a position above this level is crucial for a sustained upward move. If we fail to reclaim and hold this level, it's plausible that Ethereum could revisit lower levels, potentially down to the February VAL around $2,500. Holding above the February VWAP is vital; otherwise, we might see a retracement to these lower support levels.Longby freeguy_by_wmcUpdated 117
ETHEREUM Will an ETF approval cause a massive rally?Exactly a month ago (April 22, see chart below), we called for Ethereum's (ETHUSD) bottom and gave a medium-term buy signal: With the SEC facing deadlines on May 23 and May 24 to decide on spot Ethereum ETF applications by Vaneck and Ark Invest, we might be in front of a massive rally. Even from a technical point of view, the historic Cycle performance of Ethereum suggests that currently we might be getting off a similar consolidation to August - October 2020. Observe how the 1W RSI is making a bullish reversal after having pulled-back from a marginal Channel Up break-out. At the same time, the 1W LMACD is about to make the exact same Bullish Cross it did on the week of November 09 2020, when again it started to break above that consolidation. What followed these events back then was a massive rally that peaked marginally above the 1.5 Fibonacci extension level. As a result, we remain bullish long-term, expecting a strong rise until the end of the year, targeting $12000 (Fibonacci 1.5 ext). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot3342
Delayed ETF News and its Impact.The recent delay in approving a spot Ethereum ETF by the SEC has dampened some of the bullish sentiment surrounding ETH. This news contributed to the correction from higher levels, alongside a broader crypto market pullback. Falling Channel/Wedge and the $4400 Target: The current chart pattern for ETH/USD does resemble a falling channel or wedge. This pattern often precedes a breakout, potentially towards the upper resistance level around $4400. However, it's crucial to consider: ETF Delay as a Hurdle: The lack of an immediate ETF approval reduces the short-term excitement that could have fueled a rapid breakout. Technical Indicators: Other technical indicators alongside the chart pattern should be considered for confirmation of a bullish breakout. Factors to Consider for a Potential Breakout: Renewed ETF Optimism: While the ETF approval seems unlikely in the immediate future, any positive developments or renewed optimism surrounding the ETF could reignite bullish momentum. Overall Market Sentiment: The broader cryptocurrency market sentiment significantly impacts ETH's price. If the general market experiences a strong upswing, ETH could potentially break out of the falling channel/wedge. Technical Analysis: Utilizing additional technical indicators like moving averages, relative strength index (RSI), and volume analysis can strengthen the case for a potential breakout. Important Caveats: Delays Don't Guarantee Denials: While the ETF approval seems less likely in the short term, it doesn't guarantee a complete rejection. Long-term approval is still a possibility. Technical Patterns Aren't Guarantees: Even though the falling channel/wedge suggests a potential breakout, technical patterns shouldn't be interpreted as absolute predictions. Conclusion: The delayed ETF news has undoubtedly impacted ETH's price, but a breakout towards $4400 remains a possibility. However, it's crucial to acknowledge the influence of broader market sentiment, technical indicator confirmation, and the uncertain timeline surrounding the ETF approval.by ParabolicPUpdated 117
Why will Ethereum drop toward 2500 levelLiquidity is slowing off Etherum toward Bitcoin as show on the ETH/BTC pair structure at lower timeframe is respecting the 50% fib level and also trending downward inside the channel , as it repeats is similar pattern!! Thank you for watching Follow me for more crypto analysisEditors' picksShort03:04by ShinForex1Updated 9696711
EthereumWith regard to Bitcoin halving and the possibility of digital currency prices increasing with this event, and with regard to investors' purchases in the market and taking into account the trend of Ethereum transactions and the analysis of digital currencies that have a positive correlation with Ethereum, it can be concluded that the specified area In the price resistance analysis, it is for ethereum and with temporary price reductions, the price will eventually increase and will reach the price of $4000 in the 40-day time frame.Longby sashacharkhchianUpdated 229
Ethereum - 20% Rally within a day!Hello Traders and Investors, today I will take a look at Ethereum . -------- Explanation of my video analysis: 6 years ago, Ethereum started creating a simple rising channel formation, similar to the one which we are seeing on Bitcoin. Furthermore Ethereum retested the previous all time high back in 2022, created bullish confirmation and a rally of + 250%. Considering that Ethereum is once again approaching the upper resistance level, I do eventually expect a bullish breakout followed by an even crazier rally. -------- Keep your long term vision, Philip (BasicTrading)Long02:50by basictradingtv6622
Ethereum Breakout From Falling Wedge PatternHello Traders, today i will share my analysis of what is happening to Ethereum now. The current Ethereum (ETH) chart shows several significant developments: 1. **Breakout from Descending Wedge**: - The chart depicts a descending wedge pattern that Ethereum has been forming for several months. - Recently, ETH broke out of this descending wedge, which is generally considered a bullish signal. This breakout suggests a potential upward trend. 2. **Price Movement**: - Following the breakout, the price of ETH has surged, reaching $3814.6 at the latest data point shown. - The breakout has led to a sharp increase, moving ETH significantly above the upper trendline of the wedge. 3. **Volume Spike**: - There is a noticeable increase in trading volume during the breakout, indicating strong market participation and support for this upward movement. - High volume during a breakout often confirms the validity of the breakout and suggests sustained momentum. 4. **Commodity Channel Index (CCI)**: - The CCI value is at 357.69, which indicates an overbought condition. While this suggests strong buying momentum, it can also signal a potential for short-term pullbacks as traders might take profits. - Despite being in overbought territory, in the context of a breakout, it shows strong bullish momentum. 5. **Price Target**: - The chart indicates a price target of approximately $4038.1, calculated based on the height of the wedge added to the breakout point. - This target gives an indication of where the price could potentially reach if the bullish trend continues. 6. **Current Status and Potential Resistance**: - The current price at $3814.6 is approaching the indicated price target of $4038.1. - Traders should be aware of potential resistance levels around the previous highs near $4000, which might act as a consolidation or pullback area before continuing higher. In summary, Ethereum has experienced a strong bullish breakout from a descending wedge pattern, supported by high volume and significant upward momentum. The price target is set around $4038.1, but traders should monitor for any resistance or pullback near previous highs. Longby NAFX_Group4
ETHBTC May 28, 2024: A Bullish FlagAfter a 20% run up with the ETF approval on May 20, 2024, CRYPTO:ETHUSD started to form a bullish flag and moved out on May 28. The flag is above the rising MA-10. The move out provides a buy point here ($3900) with the $4700 target Longby longsonvn2
Will ETH bounce back?As we review BINANCE:ETHUSDT price action on the daily chart, a notable pattern emerges—a substantial falling wedge, traditionally indicative of a bullish reversal. This analysis comes at a critical juncture, particularly following the inflation data released on May 15th, 2024, which fuelled a general uptrend in the market. Ethereum capitalized on this momentum, marking a robust bullish candle on the chart. Critical Levels to Watch To sustain this upward trajectory, it is imperative for Ethereum to secure a close above the $3100 to $3200 range, which would signify a decisive breakout from the falling wedge pattern. This breakout is essential for confirming the reversal signal and setting the stage for further gains. Technical Indicators and Support Zones Ethereum is currently testing its 200-day Exponential Moving Average (EMA), which interestingly aligns with the lower trendline of the wedge. This confluence enhances the significance of the $2750 to $2800 zone as a critical support area. Should prices stabilize or rebound from this level, it would reinforce the bullish outlook. Market Sentiment and External Factors The market is keenly awaiting news regarding the potential approval of an Ethereum ETF. Despite high expectations, there is a prevalent sentiment that the SEC might reject this proposal. A rejection could exert downward pressure on Ethereum, possibly leading to a breach of the current support level. Under such a scenario, the price could retreat to the next significant demand zone, identified between $2200 and $2400. Strategic Considerations for Traders Given the potential volatility stemming from regulatory news and technical thresholds, traders are advised to exercise caution. Monitoring these key levels and staying abreast of market news are prudent strategies to navigate the uncertainties inherent in cryptocurrency markets. by MudrexUpdated 225
ETH GARTLEY 2500 INCOMINGHere is an epic "potential" eth Gartley. Aiming for a late June/July bottomShortby Cerberus6222
ETH IS IT POSSIBLE?I see lot of greeds around ETH, and i think we can see something similar as the BTC ETF event. A shakeout and a drop can likely happen, and it would be a gift if the price can drop till $3.300, a level that looks solid for a possible bounce. Main trend is bullish and actually there are no reason to look for a shortLongby CryptoForexGem114
Ethereum will give you a Ferrari in the futureIn the big picture, extremely BULLISH!!!!!! !In a small picture!: MACD crossing down is very likely. Because macd has failed crossing, which makes the next crossing more realistic. Crossing down means BUY when the price is in red and there is no sign of green. Support points or resistances are required Under 3000k soon. The landing level is not known today, only time will tell. I could be wrong, but I could be absolutely right MoralDiscipleLongby MoralDiscipleUpdated 434388
ETH pullback? Eth appears to be at resistance and also I’m seeing some unusual amounts of eth being transferred to exchanges. Personally looking for price to move towards 2100-2500. THIS IS NOT FINANCIAL ADVICE Shortby SpaceCadetAcademy113
Head & ShouldersA bearish pattern is forming! If the candle 4h closes below the 3667 level, we could see a drop to the golden zone by Fibonacci Retracement .by petarkisUpdated 115