Ethereum (ETH/USD) is falling towards the pivot and could potentially bounce from this level to the 1st resistance.
Pivot: 2,863.34
1st Support: 2,744.38
1st Resistance: 3,048.22
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#ETH had a strong price increase in Q1 2024, prices have now completed a correction and are ready to return to gain higher. The new opportunity at the current price
🟢 This is a sign calling for a continous upside to pass $5.000
Current ETH: 2980 🚀
Judging from the daily chart, ETHUSD has fallen back in recent shocks, and the short trend has taken advantage. The short-term market downside risk is still relatively large, and the market outlook is expected to fall towards the $2,400 mark. When the market falls to around 2400, you can pay attention to the potential bullish bat pattern.
ETH/USD is rising towards a resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 3,048.17
Why we like it:
There is an overlap resistance level which aligns with the 50% Fibonacci retracement.
Stop loss: 3,126.45
There is a pullback resistance level which is...
BINANCE:ETHUSDT
THE GIGANTIC CRASH for #ETH isn't coming
Here is a reality check:
We are in a big HTF range for #Ethereum and with the push to 4K in March we have broken 🗝️ market structure to the upside
Also, the local Weekly MS leading into it remains bullish, marked on the chart with HL (Higher Low) & HH (Higher High) aka market swings
What we are...
ETH has broken down the upwards sloping trend line.
We are on high alert for further downside.
If we see a confirmed candle breakdown, then we have mapped out tow downside support price targets.
Are you buying or selling the dip?
Let us know in the comments below
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,...
💰 CRYPTOCAP:ETH
Bullish technically with this local falling wedge🧐
Only need to break through the resistance cluster of EMA 50 + EMA 100 + falling wedge📈
Though we have ETF decisions are coming which may impact the market for short-term. IMO chances are good for #ETH ETF approval, but will see.
With 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...
Note that Major Coins are Retracing on 2 Weeks TM, BTC on the as relative strength Leader, Solana pattern same play as BTC hence ETHUSD lagging behind, hence expecting catch up
Note that the Support level tested and held, atleast two data points formed,
Buy break above previous day High
Same indicator as the previous chart image share of BRK.B. Ethereum shows constant selling pressure using an imaginary indicator of type that may or may not be of any reasonable concern. This information is not meant to determine whether to buy or sell. It is a fact that there is more selling going on than buying yet the buying for some cryptocurrency and some...
AS you can see we broke out of the descending wedge at 3050 and have a daily confirmation. We need to turn 3250, then 3500. nd 3850 into support and we should go to 5k
As we would have a monster cup and handle
i am picturing two scenarios for eth, it is still under the 200 ema, and a falling wedge is formed. with the news of etf eth coming soon, i expect a breakout, but first i need it out of the wedge to fully confirm its breakout. it could also play around 2800 area before a clean breakout. i will follow the spot btc etf story pattern as guide(few days time). be...
Ethereum—some call it the silver of cryptocurrencies; obviously, Bitcoin is the gold. Anyway, continuing from the last ETH analysis, ETH is still moving in a wide ascending channel. Currently, ETH is oscillating in a triangle pattern that is sloped slightly upward. At the same time, there is a horizontal resistance/support area that acts like a magnet. Also, the...
D waves system is a private system which can project a market as per dynamics and waves . right now a surge can be seen in ETH price but will be hammered down towards 2980 or even 2880 before next bull move towards 3330 zone. This is not a financial advice.
