ETHThinking this may be last dip before the push to its all time high Deviated third quarter support to find long liquidity for the next leg higher If reclaims weekly open and more importantly third quarter of the whole move (3933) then this looks even more likely to pushLongby jhonnybrah117
Bullish Continuation Potential for ETHUSDHello Everyone, ETHUSD is currently positioned beneath the 1-week Pivot Point (PP) and is in the process of testing the weekly support level. This situation suggests a strong likelihood of a bullish trend continuation. Our primary focus lies on observing whether the 1-week PP effectively functions as support, serving as an initial signal for the continuation of the uptrend. It's crucial to take note of significant resistance levels at 3694.591 and 4047.403. TradeWithTheTrend3344Longby TradeWithTheTrend3344228
ETHUSD - Symmetrical TriangleETHUSD is forming Symmetrical Triangle, will price move to reach this pattern's target? Entry, Stop Loss & Take Profit are mentioned for both sides breakout.by Umair_AmjadUpdated 112
Crypto Rally: Is it a Bull Run or a Bear Market Bounce?## Unpacking the Crypto Rally: Bull Run or Bear Market Bounce? The recent price surge in the cryptocurrency market has sparked debate among investors. While some see it as the dawn of a new bull run, others remain cautious, considering it a potential bear market rally. Here's a closer look at the factors fueling this discussion: * **All-Time Highs Remain Untouched:** Neither Bitcoin nor Ethereum, the leading cryptocurrencies, have managed to close a monthly candle above their record highs. This stands in stark contrast to the decisive breakouts witnessed during previous bull runs. * **Altcoin Performance Lags:** While some altcoins have experienced notable gains, many haven't recaptured their previous peaks. This uneven price movement across the market adds to the uncertainty surrounding the overall trend. * **Historical Performance Doesn't Dictate the Future:** It's crucial to remember that past performance is not necessarily indicative of future results. While the absence of new all-time highs might suggest a bear market rally, it doesn't guarantee that altcoins and major players won't reach new heights eventually. **Beyond the Numbers:** Several external factors can influence the trajectory of the cryptocurrency market, making definitive predictions challenging. These include: * **Regulatory Landscape:** Government regulations and policies regarding cryptocurrencies can significantly impact investor sentiment and market stability. * **Institutional Adoption:** Increased involvement from institutional investors like hedge funds and investment banks can provide a significant boost to the market. * **Technological Advancements:** Developments within the blockchain ecosystem and the broader technology landscape can introduce new use cases and drive demand for cryptocurrencies. **The Bottom Line:** The current crypto market rally presents an intriguing situation. While technical indicators and historical comparisons suggest a potential bear market bounce, the future remains uncertain. By staying informed about ongoing developments, investors can make more informed decisions about their cryptocurrency holdings. **Remember:** * Conduct thorough research and consider various perspectives before making any investment decisions. * Cryptocurrencies are inherently volatile, so prioritize risk management strategies. * Consult with a financial advisor to understand your risk tolerance and develop a suitable investment plan. By approaching the situation with a critical eye and a focus on long-term trends, you can navigate the complexities of the cryptocurrency market with greater confidence. by ParabolicP5
ETH Bulls Ride High: Spotting Divergence for Profitable TradingWell, here we go again! Another long on ETH, riding the trend because, hey, trend is your friend, right? Plus, we've got a beautiful divergence between price action and the VOLD indicator. Happy Trading, folks! 🚀Longby OchlokratUpdated 2
The first wave is from the third wave!Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it. I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision. I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily. I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him. Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely, Mr. Nobody Longby mehdi47abbasi7913
Ethereum is reaching its highest price in its history!Greetings Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it. I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision. I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily. I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him. Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely, Mr. Nobody Longby mehdi47abbasi7910
ETH: Go long! ETH price found support at the important 3'670 level and is now trading back above the 100 SMA. This could be an excellent point to buy the dip for a rally back to 4k (and finally break it). ...4.5k could come soon! Longby RF_Trading10
ETH rises to 5000 Ethereum continued to rise to a new high yesterday, and the bullish sentiment has not yet dissipated. It can be seen as the end of the upward trend, but there will still be some space above, so it will continue to rise. The main reasons for looking at the rise are: the daily line has hit a new high again, indicating that the upward trend will continue, and the market will evolve from a five-wave structure to a nine-wave structure. Ethereum pressure is 4180~4390, and support is 3960~3910. For Ethereum operations, it is recommended to buy at 3695, stop loss at 3635, and target 4200~4500.Longby Crazy_money_making_signalsUpdated 4433
ETHUSD LONG - Mar 24 (🐲🏔️JDSMF)Strategy: ⛈️ Trapping Lighting This strategy focuses on assets that are overall bullish either because of fundamentals or sentiment. They should be relatively simple chart behaviours with volatility dips that could be due to profit taking after hitting key levels or events. As long as the event or news does not change the bullish sentiment or fundamentals. I place my entries at points where most trades do not expect price to dip to or areas where general traders would place their SL points. Because of the above points. These price points should result in a surge of new LONG orders. My SL is generally small 2-3%, because if price goes against me that means the overall sentiment of the chart should be pivoting. Will continue to tweak this strategy. One thing I am missing is a structure for breakeven adjustment and trailing stops Longby Ronin_traderUpdated 331
ETHUSD-SELL strategy weekly chartNo change in view, and we have started corrective action. I feel we may see lower $ 3,100 but intermediate stops may happen of course. Strategy SELL @ $ 3,800 - 4,000 and take profit @ $ 3,105 and place SL above $ 4,150. Shortby peterbokma4
$ETH Price Prediction 3/14/2024ETH dropped a bit further than expected, taking us briefly below 200EMA before recovering. The stepping pattern has been adjusted and now indicates a weekly close closer to 4k. Continuation of pattern assumes eventual correction of this bullish advance. To hold momentum we should maintain 4k support in hopes of triggering a breakout. www.tradingview.comby CheddarBizcuitz1
ETH correcting or changing direction after a long Bearmarket?What you think? We may be moving into a correction for a bullish move or get down as it’s likely to correct at the indicated levels?by expostar1987Updated 2
ETHUSD 1 WEEKLooking for possible rebound around the $3500 price for some sure pullbacks before buying aggressive for the ATHLongby ibkfx2
ETHUSD channel up support broken?ETH perform channel up and try to break channel up support right now. We have buy zone around 3758 to 3891 to follow bullish movement, and if this support broken, we still have fibonacci support at 3402 Bullish from this point at 4083 resistance, with maximum target at channel up resistance, around 4360 I will update this analysis if I found a new key level.Longby AzrulAzir113
$ETH Price Prediction 3/13/2024Consolidation closes in on 4k after another rejection at ~4050. A stepping pattern has been outlined which assumes an eventual push to 4150. However W1 close is expected closer to 4000-4050. Closing within this range should be the focus but continued recovery seems low. www.tradingview.comby CheddarBizcuitz5
ETH - Up or Down Post Dencun Upgrade?The highly awaited implementation of Ethereum’s Dencun upgrade just happened. It will not only drastically cut the Ethereum blockchain’s transaction costs (gas fees), but also optimize data storage. Read more about the upgrade’s positive implications for users, developers and the Ethereum ecosystem as a whole here. The price of Ether rose 0.8 percent to $4,058 over the past 24 hours. The bullish sun continues to shine over large parts of the global crypto market, including Bitcoin and Ether, in the next 24 hours and week. This signals further upside potential, according to ATTMO. Avalanche bucks this positive trend and will face bearish clouds or downside risks in the 24 hours ahead. Follow us for more crypto news and weather reports!Longby ATTMO334
Unveiling Crypto Market Insights - Round NumbersGM Bitstampers! In our previous post , we described the basic concept of support and resistance . Now, we'll explore the significance of round numbers in acting as support and resistance. Importance of Round Numbers as Support and Resistance John J. Murphy highlights the relevance of round numbers as support and resistance in his book "Technical Analysis of the Financial Markets" : "There is a tendency for round numbers to halt advances or declines. Traders often consider important round numbers like 10, 20, 25, 50, 75, 100 (and multiples of 1000) as price objectives and act accordingly. Hence, these round numbers frequently serve as 'psychological' support or resistance levels. Traders can utilize this information to begin taking profits as an important round number is approached." Example of Round Numbers as Support and Resistance Murphy provides a compelling example using the gold market: "The 1982 bear market low occurred precisely at $300. Subsequently, the market rallied to slightly above $500 in the first quarter of 1983 before retracing to $400. Similarly, a gold rally in 1987 was halted at $500 again. Between 1990 and 1997, gold repeatedly failed to breach the $400 mark. The Dow Jones Industrial Average also exhibits a tendency to stall at multiples of 1000. One practical application of this principle is to avoid placing trading orders directly at these conspicuous round numbers. For instance, when attempting to buy into a short-term market dip in an uptrend, it's advisable to set limit orders just above an important round number. Given that others are also aiming to buy at the round number, the market may never reach it." Placing Orders Around Obvious Levels Murphy advises caution when placing orders around round numbers: "Traders aiming to sell on a bounce should set resting sell orders slightly below round numbers. Conversely, when setting protective stops on existing positions, it's wise to avoid placing them at obvious round numbers." ETH Trading Around the $4k Level On Monday, ETH/USD closed above the $4k level for the first time since 2021, only to close below it the next day. What's your prediction for ETH's next move? Which round number do you believe will become the next significant level? Share your thoughts in the comments.by Bitstamp2210
ETH - Mid-Term Here’s the midterm game on ETH’s meteoric rise prior to it’s minsky moment some time down the roadLongby YizzyB334
ETHEREUM. minimum price targetsIn the chart you can see two patterns, the bullish triangle (black) and the bullish flag (orange), which give the next minimum objectives for the price of Ethereum 3257 and 3122 respectively.Longby Cinnamon_ClubUpdated 223
Today Is an Ethereum Update. ETH/USD Is Above $4,000Today Is an Ethereum Update. ETH/USD Is Above $4,000 An update is scheduled for the Ethereum network today, approximately at 16:55 GMT+3. The update is called Dencun and is the biggest code change since April 2023, when the Shapella update was implemented. Dencun aims to reduce fees on the growing array of ancillary networks running on top of Ethereum, called layer 2 (L2) “aggregates.” The changes involve “proto-dunksharding” technology, which is intended to improve the blockchain’s ability to process data from L2 networks. It is believed that the implementation of the update will give impetus to the development of projects built on auxiliary networks. On the other hand, there is a risk of failures. Although it is worth noting that Dencun was deployed three times on test networks, and each time there were no problems. The ETH/USD chart shows that the price of Ethereum today, on the day of the update, is showing bullish behavior: → the price moves within the long-term ascending channel (shown in orange). Having pushed off from its lower limit in early February, the price of ETH has already reached its upper limit, which is +76% in about a month! → during the growth, the price formed an ascending channel (shown by black lines); → the price is trying to consolidate above the psychological level of USD 4,000 for Ethereum. → long lower shadows on the candles on March 11-12 give reason to believe that there is strong demand in the market amid news related to an important update for the development of Ethereum. Reaching the upper boundary of the channel is an argument in favor of a consolidation scenario after a significant rally. But it is possible that using the hype, the bulls will try to storm the upper border of the channel. If successful, the area around USD 4,000 could act as an important support for ETH/USD in the future. *At FXOpen UK and FXOpen AU, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules and Professional clients under ASIC Rules respectively. They are not available for trading by Retail clients. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen6615
ETHUSDT ConsolidationWe observe a potential 5% consolidation on the Ethereum H4 chart, with support at 3800 and resistance at 4000 levels. Currently, we await a retest of the support zone. Additionally, considering placing limit orders at these levels.by ilia.gobadzeUpdated 222