ETHPROS_TPG8CJ.USD trade ideas
ETHUSD dropped below the support level of 4,200.00ETHUSD dropped below the support level of 4,200.00
On August 19 the asset dropped below 4,200.00 support level on an extremely high volume losing 5.55% as traders braced for Federal Reserve Chair Jerome Powell’s address at Jackson Hole. The drop follows a period of heavy profit-taking that gathered momentum after Ethereum’s sharp rally earlier this month. Liquidations also intensified during the downturn in the last 24 hours. Data from showed that more than 128,000 traders were wiped out in the past 24 hours, with total losses amounting to $450.7m.
The asset has been growing during Asian and early European trading hours today. If the asset fails to break through the 4,200.00 and hold above, the price may decline to the major support level of 4,000.00. Otherwise, the upside range is limited by the upper border of the descending channel.
Ethereum Bullish Wave Count – Targeting $6,827 After CorrectionEthereum Elliott Wave Projection – Targeting $6,800+
Pattern: Ethereum (ETH/USD) is following a clear Elliott Wave structure after breaking out of a long consolidation wedge.
Wave Count:
Current move is identified as Wave (3), with sub-waves (i)–(v) unfolding.
A short-term correction (Wave (4)) is expected before the final rally toward Wave (5).
Key Levels:
Immediate Resistance / Target (Wave 3): ~$5,763
Major Target (Wave 5): ~$6,827
Current Price: ~$4,101
Outlook: The chart suggests ETH is in a bullish continuation phase, with potential for ~65% upside from current levels once the corrective dip is completed.
📌 Conclusion: Ethereum is progressing through a strong Elliott Wave cycle, with the next major resistance around $5,763 and a longer-term bullish target near $6,827.
ETHUSD H4 | Bullish bounce off pullback supportEthereum (ETH/USD) is falling towards the buy entry of 3,893.21, which is a pullback support that is slightly above the 78.6% Fibonacci retracement and could bounce to the take profit.
Stop loss is at 3,563.13, which is a multi-swing low support.
Take profit is at 4,170.96, which is a pullback resistance.
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ETH Channel BREAK. Can drop with haste on a new channel entryI won't over explain, but my models always show a fast downturn, or upturn when entering a new channel, especially after a new channel creation. This usually happens in 3's then slows down. Not saying to short or where to long, but 3950 and possibly 3700 are now very magnetic 🧲
ETH 1H Bearish Retest, Will 4.1K Support Break?Ethereum is showing weakness on the 1H chart after breaking its trendline. Price is retesting local supply zones while struggling to reclaim the 4,200 area.
Key support rests at 4,120 — a breakdown here could extend the move toward 3,900.
If bulls manage to reclaim 4,300, momentum could flip short-term, but current structure favors lower highs and bearish continuation.
With Stoch RSI oversold, a short-term bounce is possible, but overall trend pressure remains to the downside unless 4,300 is reclaimed.
ETH/USD – 15M | Liquidity Reaction & Rejection Block TestPrice is approaching a critical rejection block. Liquidity has been swept from lower levels and now the market structure is eyeing potential moves.
📈 Bullish Scenario
Hold above rejection block
Push toward 4,300 Swing High / Equal Highs
Break above to target 4,361 Strong High 🚀
📉 Bearish Scenario
Rejection from Swing High zone
Drop back toward P1D Low → 4,220
Further continuation to Swing Low & Rejection Block 📊
Key Levels
Strong High: 4,361
Swing High / Equal High: 4,300
P1D Low: 4,220
Rejection Block: 4,180
Swing Low: 4,150
💬 Liquidity is building — will ETH sweep higher first, or reject straight into the block?
ETHUSD 30M TIMEFRAME OUTLOOK FORMING A LITTLE BULL MOVE🔍 Structure | Trend | Key Reaction Zones
ETH is trading around 4123, moving inside a descending channel after multiple breakdowns from key supply zones. Price is currently testing the lower boundary near support and may react with a short-term bounce toward higher levels.
BITSTAMP:ETHUSD
🧠 Market Overview:
🔻 Previous strong bullish impulse shifted into a bearish channel.
🔁 Price has tapped FVG and is consolidating below EMA 150.
📉 Support rests at 4114 → 4143 zone.
🔼 Resistance is seen near 4280 → 4350 → 4460.
🎯 Key Scenarios:
🔼 Bullish Breakout Possibility 🚀
If ETH defends 4114–4143,
then potential upside targets are:
KEY POINTS:
🔹 Target 1: 4280
🔹 Target 2: 4350
🔻 Bearish Continuation Possibility 📉
If ETH loses 4114,
then sellers may drag price further into:
🔹 4080
🔹 4020
🔁 Neutral Scenario 🔄
If ETH consolidates between 4140–4280,
expect extended range trading until breakout confirmation.
📌 Current Levels to Watch:
Resistance: 4280 → 4350 → 4460
Support: 4143 → 4114 → 4080
⚠️ Disclaimer: This analysis is for educational and informational purposes only. It is not financial advice. Please conduct your own research before trading.
Bearish | ETHUSD | Ethereum COINBASE:ETHUSD
ETHUSD Weekly – Pullback Risks After Strong Rally
Trend Structure
Ethereum printed a Higher High near 4,800 after an aggressive rally.
The uptrend remains intact with a Higher Low base around 2,000, but short-term momentum is cooling.
Current weekly candles show rejection near the highs with potential for retracement.
EMA Context
Price is extended above the 9 and 35 EMAs, suggesting overbought conditions.
First dynamic supports sit around 3,470–3,350 (9 EMA zone + prior structure).
The 100 EMA around 2,600–2,700 is a deeper corrective target if selling intensifies.
Key Levels + Volume Profile
TP1: 3,354 – major support, aligns with HVN and prior breakout zone.
TP2: 2,960 – mid-volume shelf and structural pivot.
TP3: 2,627–2,708 – strong support cluster with HVN and EMA confluence.
Below 2,600, demand zones extend toward 2,000–1,800.
Targets
TP1: 3,354
TP2: 2,960
TP3: 2,627
Invalidation
A close back above 4,600 would negate the bearish retracement thesis and open continuation toward new highs.
Bias
Near-term bearish/retracement, expecting ETH to test 3,354 and potentially 2,960–2,627 if weakness persists.
Broader structure remains bullish unless 2,000 is lost.
Identifying High-Probability Support: The Power of ConvergenceHello Friends,
Welcome to RK_Chaarts
Today we're going to learn Comprehensive Guide to Identifying Convergent Support Zones
Which are High Probability Support areas. This post is for Educational purpose only.
This detailed analysis will walk you through a step-by-step process of combining multiple technical analysis methods to identify a robust support zone. We'll explore how Elliott Wave theory, Anchored VWAP, EMA200, Fibonacci Retracements, and equality to extensions can coincidentally converge on the same support zone.
Step 1: Elliott Wave Analysis
Begin by identifying the Elliott Wave structure. Look for impulse waves, corrective waves, and the relationships between them. In this example:
- Wave Y is potentially completing near the equality zone (100% to 161.8% extension).
- This level marks a potential reversal point.
Support zone as per Elliott Wave theory Analysis
Step 2: Anchored VWAP Analysis
Apply Anchored VWAP to identify key support levels:
- Plot the VWAP from the last swing low and the second-last swing low.
- Note the convergence of these VWAP levels, which can indicate strong support.
Support zone as per Anchored VWAP Analysis
Step 3: EMA200 Analysis
Add the 200-period Exponential Moving Average (EMA) to your chart:
- The EMA200 has consistently provided support during previous corrections.
- Note the price approaching this level, increasing the likelihood of a bounce.
Support zone as per 200 Exponantial Moving Average
Step 4: Fibonacci Retracement Analysis
Apply Fibonacci retracements to the previous rally:
- Identify the 50%, 61.8%, and 78.6% retracement levels.
- Note the current fall has already exceeded the 38% retracement.
Support zone as per Fibonacci Retracement Analysis
Step 5: Convergence of Support Zones
Combine the analysis from each step:
- Note the striking convergence of support zones:
- Elliott Wave equality zone (100% to 161.8% extension)
- Anchored VWAP support zone
- EMA200 support level
- Fibonacci retracement zone (50%-61.8%)
Coincidentally all these are providing nearly same Support area (Price zone)
Trading Implications
With the convergence of these multiple analysis methods, you can:
- Identify a high-probability support zone.
- Look for buying opportunities near this zone.
- Monitor price action and market sentiment for confirmation of a reversal.
- Consider scaling into positions or setting limit orders within the support zone.
Important Note: Failure to Hold Support
If the price fails to hold support at this converged zone, it may indicate a stronger bearish trend. In this scenario:
- Be prepared for a potential significant downfall.
- Consider adjusting your trading plan to account for the increased bearish momentum.
- Keep a close eye on price action and market sentiment for further guidance.
By understanding the convergence of these multiple analysis methods and being aware of the potential risks, you'll be better equipped to make informed trading decisions and navigate the markets with confidence.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
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The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Chaarts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Chaarts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
ETHEREUM Strong Support Ahead! Buy!
Hello,Traders!
ETHEREUM is falling down
Now but as it is trading in a
Strong uptrend we are
Bullish biased so after it
Hits the strong horizontal
Support level below at 4,000$
A strong bullish rebound
Is to be expected
Buy!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Theoretical Forecast: Will ETH hit $3950 Local Golden Major Fib?ETH has followed a path based on a new bearish channel found yesterday. In my opinion, $3950 is the most important fib to hold. This is not only a local golden major, but it is exactly where ETH broke out of a monthly Bullish Pennant. After years of using that trend line as resistance, would it not be fair to retest and confirm it as support? I apologize in advance to those who do not appreciate my charting methods. I am a channel trader. Good luck.
Ethereum Risks Drop to $4,000 as Bearish Crossover HitsBINANCE:ETHUSD ’s 4-hour chart has flipped bearish. A death cross looms, with the 20-EMA on the verge of crossing under the 50-EMA, a sign that sellers are gaining momentum. BINANCE:ETHUSD price action also shows a descending triangle forming — a bearish continuation setup — with ETH testing $4,216 and $4,189 support levels. If these fail, a rapid fall to $4,000 is possible, as heatmaps show weak buyer interest below.
Supporting this, HODL Waves reveal a rise in short-term buying. Wallets holding ETH for 1 day to 1 month have jumped from 9.1% to nearly 12%. Yet exchange reserves remain near 9-year lows, suggesting accumulation, not exit. Unless BINANCE:ETHUSD reclaims $4,378, traders should prepare for another leg down.
BitMine's Ethereum Empire Grows Amid Market Swings: ETH Price AnBy adding 373,000 ETH, BitMine Immersion Technologies has increased its holdings of Ethereum (ETH) to around 1.52 million ETH (worth about $6.6 billion), therefore making it the biggest corporate ETH holder with control over around 1.3% of the supply in circulation. Despite a recent 14% drop in its stock price in light of market instability, BitMine's "alchemy of 5%" strategy aims to finally own 5% of all Ethereum. With its role in next-generation finance and artificial intelligence, the business notes increasing institutional interest in Ethereum and intends to use its ETH treasury for passive income in the future; meanwhile, it retains these assets in a highly liquid form.
ETHUSD showed a minor pullback after four days of sell-off. It hits an intraday low of $4195 and is currently trading around $4306. Overall trend remains bullish as long as support $3500 remains intact. Watch out for $4500, any break above targets $4770/$5000/$6000. A robust bullish trend will only materialize above $5000.
Immediate support is around $4200. Any violation below will drag the price down to $3950/$3700/$3550/$3500/$3380/$3200/$3000. A breach below $3000 could see Ethereum plummet to $2770/$2500.
It is good to buy on dips around $4200 with SL around $3900 for a TP of $5000/$6000.
The altcoin season begins with Ethereum ┆ HolderStat🔁 Wallet 0xc005…5f7 rotated via Binance: sent 851k USDT to the exchange, then withdrew 116.68 ETH (~$515k) back day later. DefiLlama shows ETH/L2 net inflows outpacing stable hoarding today—classic risk-on rotation. Expect on-chain deployment into majors or high-liquidity blue-chip alts next.
🔝 Score: 21 | Balance: ~$500k | Results: $49.3k→$756.5k (+1,535%, 16 trades; avg buy $830 / sell 3,613; age 67m; rating 136).
ATH path predictionHere is my ATH break prediction. This is only an idea. Red line below current price was the half-decade long upper-resistance line of a wedge that descended from 2021 ATHs. The steeper green trend line has held as support for the bull run since July of this year. The second, less steep, green trend line has held as support since June of this year. Depending on macro conditions, I predict that:
A) Either the steepest green line will get tapped in the *next 48 hours*, converting that red resistance line into support and launching our bull-run into the stratosphere
or...
B) The less steep line will get tapped in *the next week*, launching similarly from there into our long-awaited all-time-highs.
As you can see, there is a pile of overleveraged longs ready to be liquidated at 3950 and 3920 that Sessy and her crew have been salivating over. If option B occurs, there's one more band of liquidity, the overleveraged bulls who averaged themselves down from the first bands to 3880, which would also get liquidated.
Hold tight. The bulls will get their revenge.
ETH/USD – Technical OutlookMarket Context:
• Recent high: 4789.00 → profit-taking + Fed uncertainty.
• Price testing 4062.50 (Murray / Bollinger midline).
• Key bullish trigger: breakout above 4687.50 (Murray ).
Key Levels:
• Resistance: 4687.50 / 5000.00 / 5625.00
• Support: 4062.50 / 3335.00 (Fib 61.8%) / 2812.50 (Fib 50%)
Indicators:
• Bollinger Bands → uptrend intact
• Stochastics → near oversold, potential reversal
• MACD → declining but still negative
Scenarios:
• BUY STOP → Entry: 4690 | TP: 5000 / 5625 | SL: 4470
• BUY LIMIT → Entry: 4062.50 | TP: 5000 / 5625 | SL: 3700