If Ethereum Can't Break These Levels, Then....Traders, I have a pretty good record for calling these inverse head and shoulders patterns before they are fully formed. I am not saying for sure Ethereum will form this inverse head and shoulders pattern but if it doesn't, then it will need to break above those resistance levels I have drawn and confirm. If it can't do this on the daily, then I have a hunch this inverse h&s will complete itself. Ethereum leads the altcoin market rn. So, depending on where your bet lies, you may want to offset some risks and take profit here as we begin to consolidate/accumulate for another bull run. Stewby stewdamusUpdated 227
ETH is out of shock and enters a rising trendIn recent days, ETH has been fluctuating in the 3740-3841 range. The price has just broken through the 3841 resistance level and entered an upward trend. The safest trading strategy is to buy after the price falls back to the lower resistance range. Trading suggestion: Buy when the price falls back to the 3810-3840 range, with a target of 3870-3890. The above suggestions are for reference only. I will update the market analysis in my guidance group at any timeLongby q4yrf4Updated 0
Buy at 3760As expected Eth is climbing towards the resistance zone of 3845-3850 area. A drop from there is expected to retest the previous support zone of 3760. From there a target of 3877. Is likely.Longby regkey4130
June 7 BTC ETH Options Data18,000 BTC options expired with a Put Call Ratio of 0.67, a Maxpain point of $70,000 and a notional value of $1.25 billion. 260,000 ETH options expired with a Put Call Ratio of 0.64, Maxpain point of $3,650 and notional value of $1 billion. With the BOC and the ECB initiating interest rate cuts this week, and the market performing better, which is now a two-wheel drive of BTC ETFs and ETH ETFs, with a more optimistic market atmosphere as macro and news diverge significantly. Now BTC's major term IV is around 50%, ETH's major term IV is around 55%, both of which have fallen to a reasonable level, and last week's mention of selling ETH and buying BTC to make cross-currency IV spreads can be profitably closed. This month's BTC market probability will be strongly correlated with the macro news of the Fed's interest rate cut, while the ETH trend is mainly affected by the news of ETF approval.Longby Greeks_live0
BTCUSD/ETHUSD side-by-side comparisonBTCUSD and ETHUSD are in similar places in terms of wave structure from their 1 May 2024 lows. Each have two impulse waves up and consolidation-like price action after their late May highs. It is possible that price goes up from here, but I think it more likely that each completes an impulse C wave down to complete flat structures. If confirmed, bulls should be interested in ETHUSD below 3521.24 and above 3200.by discobiscuit0
(ETH) ethereumThe curvature of lines that I was looking for at last. Now I can finally get away from this endless searching for the right code. Ethereum graph. Longby CryptocurrencyBlot0
ETH about to break out any moment now- volatility metrics absolutely floored - monthly low likely in - Ethereum ETF yet to go live Short-term ETH goes towards its previous ATHs, long-term 8 - 10k is likely.Longby Mansasuma0
Ethereum ready for next legAfter a large move up on ETF news ether has consolidated over the past couple of weeks. In my opinion that is nearing its end and is about to go higher. I think bitcoin will hold around here for some time and let ether take the wheel.Longby MonkeyPhone0
Ethereum bull flagLooking at the charts it is clear the Ethereum chart is forming a bull flag and the price point of the bull flag is around $4700. The daily SRSI is also over sold.by markadra0
Eth 2025Just saying, this is where we are (June 2024) Not saying this is what will happen, just a possible scenario. Eth has reacted to the fib fan levels since it's low in Jan 2022. Eth/BTC chart looks to be heading to 0.04 before an explosive move up after tapping it's trend line set since Dec 2016. (BTC stronger than Eth, for now) BTC.D (dominance) should continue to rise but stay below 57.5% Not advice. by Ritchie_S0
$ETH Price Prediction 6/04/2024A solid hold keeps us around 3810 to close out our first daily this week in the green. Closing today in the green could trigger a push to 4k and ultimately prevent major correction. A goal of 3900 is presumed with D1 marked by the vertical blue line. Ascending pattern support extends to mid-June (6/12) so look to keep above 3685 until then. www.tradingview.comby CheddarBizcuitz0
Brief ETH Analysis | Bearish Trend? Key S & R Levels 1D TFThe 1D TF chart for Ethereum shows a consolidation period following a significant uptrend. Key events include the publication of the U.S. Consumer Price Index (CPI) on May 12 and circulating news about the upcoming approval of the Ethereum spot ETF, which caused heightened market activity. On May 20, Ethereum's price surged by 21% in a single day, a significant movement compared to the typical 9 - 11% increases. This sharp rise was driven by speculative news and positive sentiment surrounding the potential ETF approval and favorable CPI data. After this spike, the price entered a range, characterized by increased trading volumes but low volatility candles, indicating market indecision. Recently, an "Inside Bar" pattern has formed: the middle candlestick is a small bearish candle enclosed within the previous large bullish candle, with a potential bullish candle forming today. This pattern highlights market indecision and suggests a potential breakout in either direction. Currently, Ethereum is testing a critical resistance level around $4K. A breakout above this level, accompanied by increased volume, could signal further upward movement. Conversely, failure to break this level might lead to a pullback towards the support zones. The current chart analysis shows that ETH is approaching a significant resistance level around $4K, marked by a descending trend line. This resistance has been tested several times, underscoring its importance. The volume profile indicates consolidation between key support and resistance levels: ◼️ Resistance Levels: Around $3.9K and $4.1K. ◼️ Local Support Levels: Around $3.7K and $3.5K. ◼️ Bullish Scenario: A breakout above $3.9K, accompanied by increasing trading volumes, could signal the continuation of the bullish trend towards the next resistance level around $4.1K. ◼️ Bearish Scenario: If the price fails to break through the resistance and falls below the $3.5K support level, it could indicate a potential bearish reversal or an extended consolidation phase. Monitoring trading volumes and price movements around these key levels will be critical in predicting the next significant move. Disclaimer: Content for seasoned traders only. Not financial advice. You bear sole responsibility for trading outcomes. ➖ DYOR 🧠 💡by BestTeddyTrader0
ETH is runnig catch it up i think if we break the red line we could eject from here and that two level of fibbonacciiii is my target Dyor by Berleo0
$ETH Price Prediction 6/02/2024ETH closes out weekly above 3685 pattern but below 3810 critical. Keep cautious of further correction until we close 1-2 days in the green (W1). The support goal for this week is around 2450 or H4 200EMA, while resistance is at 4k. www.tradingview.comby CheddarBizcuitz0
ETH BreakoutETH had been lagging behind BTC, but it's quickly catching up and could make a run to new all time highs this year. It had a nice longer term downtrend breakout and is now breaking out of a bull flag on a shorter time frame.Longby AdvancedPlays0
$ETH Price Prediction 6/01/2024A solid push places us above short-term EMAs and around 3810 critical. Continuing to 3900 could set us up for another symmetric pattern and help establish 4k. Make sure to hold off on the new week until 1-2 days in the green. www.tradingview.comby CheddarBizcuitz0
Big moment for ETHThis is the ETH/SOL chart If it can't reclaim this area it is going to continue lower and its over ETH looks like it wants to reverse against SOL though and if it does it could reclaim a lot of what it lost (52-60 range) Yes im saying if it doesn't go up it's going down, but I think this point is particularly important, especially considering the ETHBTC chart, which is at the lows of a huge range I'm in ETH btw but I could see another breakdown before an uptrend Longby WcDonaldsUpdated 111
$ETH Price Prediction 5/31/2024Sorry about the no-posts for the last couple days I was moving and it's just been a lot. Fortunately not much movement has occurred with price holding above 3685 and 50EMA. The upcoming weekly close marker has been indicated so look to maintain support until then. If successful we could see further recovery next week but don't be too quick to assume. If the week starts in the red it's possible we see a similar result to October 2022. The estimated drop for this would be around 2750 or W1 50EMA. www.tradingview.comby CheddarBizcuitz0
ETHUSD SELL ideaETH will likely sell in JUNE , it has formed a lot of shooting star candles in daily time frame in MAY, and The Month of May show bullish candle, and prepare for bearish move Shortby Olumine0
ETH/USDEthereum it's in a Bullish Flag with a short-medium term target of around $5,000 or more.Longby OVER_THE_MATRIX0
SELL INSTANTETH is showing respect to the trendline and no seen too such big div here so you can open short position Shortby samiiqbal640510
ETHUSD: Bull flagHello, Looks like ETH is setting up for a push higher. It looks like it formed a bull flag, might start the push up anytime soon. Look for 3400 and 3700. Happy trading COINBASE:ETHUSD Longby MarathonToMoonUpdated 0