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 $1,860...
#ETH #ETH_LTA
Long term targets are calculated using 2020 - 2022 rise and fall.
previous ATH: 4868$ 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)
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...
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...
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.
Last week, the market popularity revolved around the Restaking and Points sectors. Many whales buy ETH and participate in restaking protocols like EigenLayer. This has increased the popularity of Ethereum, Optimism, Arbtirum and other chains, and the price of ETH has increased. Let ETH get out of the independent market. In the BTC ecosystem, Merlin Chain’s staking...
It is quite overdone now, with a very high RSI and we are far above the Keltner channel as well.
Strategy SELL @ 3,230-3,250 and place SL above $ 3,310. Profit order to place near $ 2,850.
This is my view for long term ( 2024 - 2025 )
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Targets for ETH will be the fib extension from the previous run's swing.
Targets at Supply & Swap Levels
Enter market on pull backs at the Demand Level
Someone recently asked for my thoughts on ETH.
I think it has one leg higher, potentially 30%+ to $3k. Once it hits that region, I think it'll end up going much lower. Potentially back down below $1k.
But really only focusing on the upside for the next few weeks. Let's see how it plays out.
ETH continues to rise bringing us to our next critical at 3210 (3200).
Expect some resistance here but look to maintain close to zone to help 50EMA.
The 3/01 marker has been left in to indicate the hold goal for 3k.
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CRYPTOCURRENCY MARKET REVIEW
The cryptocurrency market resumed active growth: BTC is trading around 30900.00 (+10.0%), ETH is at 2120.00 (+14.3%), USDT is around 1.0003 (+0.05%), BNB is at 335.00 (+7.1%), and USDC – around 0.9988 (+0.02%). The total market capitalization has grown to 1.288B dollars, and the share of BTC was 46.34%.
The quotes are supported by...
Hello fellow crypto holders
Anything that has a move besides BTC, Im looking on Good entry on Ethereum.
Im expecting 2400 on its first tap..
This is not a financial advice.
Follow for more longterm View on cryptocurrencies tokens.
On higher context CRYPTOCAP:ETH coin might test the 2900-3000 level, for redistributing its coin.
This idea base on redistribution.
Im looking below again $600 this is not a financial advice.
Trade at your own risk. for now price reach the 50% since the price drop.
so we might test the 60% zone.
Trade it or own it.
This is only my view.
NOt giving a context...
Dencun Upgrade Anticipation: The upcoming Dencun upgrade contributes significantly to the ETH price surge, with market excitement building up.
Whale Accumulation: Whales are accumulating ETH, driven by optimism around the Dencun upgrade and ETF news, signaling a potential bull run.
Grayscale's Endorsement: Grayscale terms the Dencun upgrade as Ethereum's “Coming...
