ETHUSDPair : ETHUSD ( Ethereum / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves RSI - Divergence Break of Structure and Retracement Impulse Correction Fibonacci Level - 23.80%by ForexDetective224
Liquidity Hunt PatternLiquidity Hunt Pattern Uncover Hidden Opportunities in the Market Introduction: The Liquidity Hunt Pattern is a powerful technical analysis tool that helps traders identify potential turning points in the market. By understanding how this pattern forms and its implications, traders can gain an edge in uncovering hidden opportunities and making informed trading decisions. What is the Liquidity Hunt Pattern? The Liquidity Hunt Pattern is characterized by a series of price movements that create a distinct "W" or "M" shape on the chart. This pattern forms when large institutional players, known as "liquidity providers" enter the market to buy or sell large quantities of assets. Their actions create temporary imbalances in supply and demand, leading to price swings that can be exploited by astute traders. Identifying the Pattern: The Liquidity Hunt Pattern consists of three key elements: The "W" or "M" shape: This is the most recognizable feature of the pattern and is formed by a series of price swings that create the distinctive letter shape. Volume spikes: The pattern is often accompanied by significant volume spikes, indicating the presence of large institutional activity. Breakout or breakdown: The pattern typically resolves with a breakout or breakdown, signaling a potential change in the market direction. Trading the Liquidity Hunt Pattern: Traders can use the Liquidity Hunt Pattern to identify potential entry and exit points for their trades. By understanding the dynamics of the pattern, traders can: Anticipate potential turning points: The pattern can signal potential reversals or continuations in the market trend. Identify high-probability trading setups: The pattern can be used to identify areas where the risk-reward ratio is favorable. Manage risk effectively: The pattern can help traders set stop-loss and take-profit levels to manage their risk exposure. Conclusion: The Liquidity Hunt Pattern is a valuable tool for traders of all levels. By understanding its formation and implications, traders can gain an edge in the market and uncover hidden opportunities for profitable trades.Educationby TheGreatR00T111
EthereumI'm finding myself gravitating more towards this crypto over Bitcoin, and that's mainly due to Ethereum's price. I'll explain my chart along with what I'm anticipating. What am I anticipating? Price is currently breaking a key lower-high on the weekly, which happens to also be the same area as the monthly (key) lower-high. Once that bull candle closes pass those levels at the end of today then the weekly turns bullish. Normally, price would run into an old key area in order for the retracement phase to begin. I'm looking for bull continuation to spike the A.T.H. and $5000 price point followed by a correction right into my area of interest (A.O.I.). Do I have a "special" price within the A.O.I.? I actually do! $2400. In conclusion, I'm merely a spectator until the bears enter the market to drive price down, and if that doesn't happen due to bull momentum, I'll readjust. M - 🐻 W - 🐻 *If today's candle closes above the key LH, it turns 🐂* D - 🐂 H4 - 🐂by ChrisJTradesFXUpdated 336
ETHEREUM WEEKLY LEVELSETH price action has been viewed as a signal for the rest of the altcoin market in past cycles. I just wanted to share the main weekly support levels, in case this correction continues. These black lines are the areas that we could likely see interest in Ethereum.by ScottMelker0
Confluence Watch: ETH/USD Support Following yesterday’s edition of ‘Confluence Watch’ on the EUR/USD, today’s attention shifts to the Digital Currency Space: Ethereum versus the US dollar (ETH/USD). According to the weekly timeframe, the major altcoin is down nearly -10.0% WTD and fast approaching an area of confluence (support) between $2,283 and $2,627. The support zone boasts several technical components: • Support zone at $2,283-$2,485. • Channel resistance-turned-potential support line, taken from the high of $2,018. • 1.272% Fibonacci projection ratio at $2,379. • 200.00% extension ratio at $2,387. • 61.8% Fibonacci retracement ratio at $2,494. • 50.0% retracement ratio at $2,500. • 50-day simple moving average, currently circling $2,260. Ultimately, the trend still favours bulls. Therefore, the above-noted long-term area of support could be a zone buyers work with if tested. Longby FPMarkets0
$4100.00 the next big target, Second leading gaining its respect$4100.00 the next big target, Second leading Coin is gaining its respect and may it will reach. The second leading coin is in the way to reach 41k again and it will continue its little bit in the downtrend to reach near 27k, this can be the Good support to move the price of the coin again in the bullish direction to reach my target 41000.00 and I am also hoping that the Ethereum will gain some records, the Ethereum will break the previous records. LIKE👍, COMMENT 💬 & FOLLOW ➕, these figures can encourage me to analyze more efficiently for you. My all followers are requested to support me, comment my ideas and share your thoughts in comment box and new comers are invited to follow and support me.by Ali_ExplorerUpdated 3316
ETHEREUM, direction 2400$ ? 📉Like its big brother the Bitcoin, the ETH is correcting violently (-10% this Tuesday and -30% since the Bitcoin ATH). However, we've reached a very interesting zone! We're approaching the OTE zone, where EQLs to be liquidated are first present. We then have a daily Order Block at $2400. I'm therefore short ETH up to this OB, then I'll wait to see how the price reacts to it before deciding on my next positions. Feel free to subscribe and boost this post if you enjoyed my analysis, and tell me what you think! Good trading and have a good week :)Longby InfiniteY17
BUY ETHUSDBUY ETHUSD at the 2,580 or the 2,250 price levels, going back up to the 4,550 to 5,060 price and beyond.Longby pstock1232
etheth long term Ethereum is a technology that's home to digital money, global payments, and applications. The community has built a booming digital economy, bold new ways for creators to earn online, and so much more. It's open to everyone, wherever you are in the world – all you need is the internet.by lruizcoines111
$ETH Price Prediction 4/30/2024A tough breakdown after ETH fails to push above 200EMA resulting in a drop below 3k. Price is now looking to recover above 3k after reaching lows of ~2900. A purple line has been added for an average low (+/-$30) in the case recovery is not successful. www.tradingview.comby CheddarBizcuitz1
ETH LONG IDEA ZONEthis is the zone i expect to hold on ETH, this is a good area to get long, as we are facing major support levels, a bounce off this should take us to $4300+. IF (and I don't think this happens, we break that red line which is around $2000ish, ETH is in big trouble). I am bullish on ETH still. Longby card2211112
Expecting Eth reversal in next few daysEth staying above 50% of of its monthly BISI , which is a bullish sign, Expecting Eth reversal in next few days once Bitcoin bounce from its weekly BISI and Sweep march lows. Next price target $4867.Longby CryptBo882
ETH Daily AnalysisCould expect Ethereum to fall significantly Apr 8 we took out buyside and with an energetic move lower we have out dealing range starting at $3726.8 to $2850. We have retraced at least 50% into the 1D SIBI FVG which its currently respecting. Idea invalid if eth goes above 3480. Targeting 2024 lows , below $2200Shortby StavrosKUpdated 1114
ETHUSDHello guys this is VHT your mentor and I am back with another analysis I remember I told you guys I am shorting ETHUSD but the market isn't ready yet we'll guys now the market is ready to sell put in your sell orders and let's money together guys. Note if you have a small account once you get in and the market gives you profit pls take partial profit or move your stop-loss to break even ad the market will give hiccups but ultimately, it is potentially coming to our profit target. VHT YOUR MENTOR SIGNING OUTShortby Victor_Hunter_Turner2
ETH: Target 3'350 ETH price could find support at the 100 SMA where is trading now. In this case, $ 3'350 should come in no time. If lost, a sweep of the low 3'000s is very likely to shake out weak hands. Longby RF_TradingUpdated 1
ETH ShortKRAKEN:ETHUSD ETH is approaching the resistance, which almost exactly coincides with the boundary of a regression channel. Indicators show that a new HIGH is about to form. I am counting on bouncing off the resistance and heading back down to test 2.9K. The risk/reward ratio is not the best, but it is worth giving it a shot. The price could fall lower and test the support of the channel, but I will stay on the conservative side and place a take profit at 2939.Shortby FX_CouchPotatoUpdated 6
ETHUSD short term bearish📉ETHUSD will probably reach for those lows since its reacting from a bearish Fair Value Gap. After it takes out those lows we can start to look for bullish confirmations on Lower Time Frames Shortby RufaroMangwaira0
Apr.23-Apr.29(ETH)Weekly market recapThe main narrative in the crypto market will focus on ETH next. One aspect is the approval of the ETH ETF. It can be seen from the current schedule given by the SEC that the earliest deadline for ETH ETF is May 23, while for BlackRock, the deadline for ETH ETF will not be until the third quarter. Compared with BTC, ETH is more difficult to pass based on its POS and staking model. And judging from the SEC’s recent public statements and sending Wells Notice to Uniswap, they do not want to simply approve the ETH ETF. However, we believe BlackRock’s application is still more likely to be approved. On the other hand is the LRT track. Eigenlayer recently announced its airdrop plan for May. As we all know, after EigenLayer launched restaking, a large amount of funds entered the LRT sector to obtain potential airdrops. However, when EL is airdropped, funds may quickly take a position, forming selling pressure on ETH. ETH performed stronger than BTC last week, but did not break above 3300. During the past week’s rally, ETH’s trading volume has been below its average. Judging from the WTA indicator, the rebound is not supported by whales. And the ME indicator, which represents a bullish trend, continues to narrow. To sum up, we believe that ETH is still in the process of a large-scale correction. It is likely to remain fluctuation over the coming week. We retain the original resistance level 3700 and support level 2800. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.by Sypool113
$ETH Price Prediction 4/29/2024ETH fails to hold above 200EMA dropping us back below 3210 with lows at 3125. Price is now positioned below short-term EMAs signaling another possible convergence scenerio. Further correction is likely if we can't recover above 3210; look to keep at 3k if this happens. www.tradingview.comby CheddarBizcuitz2
ETH to 2,800 in the next 3 days ☁️, then rebound?May approvals of spot ETH ETFs in the US seem out of question. The meetings held between the asset managers that have filed spot Ether ETF applications and the Securities and Exchange Commission (SEC) have been one-sided and discouraging, CryptoSlate reports. This is in stark opposition to the meetings held ahead of the SEC’s approval of spot Bitcoin ETFs in January, when the regulator had provided significant feedback on the applications. The price of Ether dropped 3.4 percent to $3,208 over the past 24 hours. ☁️ Bearish clouds linger over the global crypto market, including Bitcoin and Ether, in the next 24 hours, indicating downward pressure. Over a one-week horizon, this low pressure will remain over Ripple’s XRP, Litecoin, Cardano, Binance Coin and Uniswap. 🌤️ Bullish trading conditions will, however, prevail over Bitcoin and Ether in the coming week, as the sun manages to break through the bearish clouds, ATTMO shows. Follow us for more crypto news and weather reports!Shortby ATTMO115
ETHUSD bullish sentimentWe are looking at the monthly view ETHUSD. Our bias is now Bullish from that fair value gap it's coming from targeting those reletive equal highs so buying it now would be a good idea Longby RufaroMangwaira221
Ethereum's Uphill Battle: Can Bulls Reclaim Lost Ground? Ethereum (ETH), the world's second-largest cryptocurrency by market capitalization, recently experienced a rollercoaster ride, briefly surging above $3,300 before encountering a sharp decline. This price action has left many investors wondering: can the bulls regain control and propel ETH back towards its previous highs? A Short-Lived Rally Followed by a Relentless Downturn The initial rally saw ETH break past the $3,300 barrier, a level that had previously acted as resistance. This positive momentum fueled optimism amongst bulls, who anticipated a potential continuation of the uptrend. However, their hopes were dashed as the bears re-emerged, triggering a swift reversal. The price plunged below not only the $3,300 mark but also the 100-hourly Simple Moving Average (SMA), a technical indicator often used to gauge momentum. This breach suggests a potential shift in market sentiment, with sellers regaining dominance. Technical Indicators Paint a Bleak Picture Adding to the bearish concerns is the break below a crucial bullish trend line on the hourly chart. This trend line had previously provided support for ETH's price, and its violation indicates a potential weakening in the uptrend. Furthermore, if ETH fails to hold the current support level around $3,165, the decline could continue downwards. This additional technical hurdle creates a significant obstacle for the bulls as they attempt to reverse the recent downtrend. Where Do We Go From Here? The near-term future of Ethereum remains shrouded in uncertainty. Several factors will influence its price trajectory in the coming days and weeks. 1. Market Sentiment: The overall sentiment in the cryptocurrency market plays a significant role in determining individual coin prices. If broader market sentiment remains bearish, it will likely put further downward pressure on ETH. Conversely, a shift towards optimism could trigger a renewed buying spree, propelling ETH upwards. 2. Bitcoin's Influence: As the leading cryptocurrency, Bitcoin (BTC) often exerts a strong influence on the price movements of other digital assets, including ETH. If BTC experiences a significant price swing, it can have a ripple effect on ETH, potentially amplifying its own price movements. 3. News and Events: Upcoming events or major news announcements related to the Ethereum ecosystem can also impact its price. For instance, successful protocol upgrades or positive developments within the decentralized finance (DeFi) space built on Ethereum could boost investor confidence and drive prices higher. Can the Bulls Stage a Comeback? While the current technical indicators suggest a bearish outlook, it's too early to write off the Ethereum bulls entirely. Here are some reasons why they might still mount a successful comeback: 1. Strong Underlying Fundamentals: The Ethereum network continues to see steady growth in terms of user activity, transaction volume, and the number of decentralized applications (dApps) being built on its platform. These strong fundamentals could provide long-term support for ETH's price, even amidst short-term volatility. 2. Potential for Renewed Investor Interest: Despite the recent pullback, Ethereum remains a highly attractive asset for many investors due to its established position within the blockchain industry and its potential for future growth. Renewed buying pressure from institutional investors or retail traders could spark a price reversal. 3. The Merge: The highly anticipated Ethereum Merge, which will transition the network from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism, could be a significant catalyst for price growth. The increased efficiency and scalability promised by the Merge could attract more users and developers to the Ethereum ecosystem, boosting its overall value proposition. Conclusion: A Careful Balancing Act The battle for Ethereum's price is far from over. While the bulls face an uphill battle in the short term, the long-term outlook for ETH remains promising. Investors should closely monitor technical indicators, market sentiment, and upcoming events within the Ethereum ecosystem to make informed decisions. As with any investment in the volatile cryptocurrency market, a cautious and well-researched approach is crucial. Longby bryandowningqln221
#eth/usdt Ethereum made a false breakout above the 3300 resista#eth/usdt Ethereum made a false breakout above the 3300 resistance🧐 The overall market is bearish on the 4H timeframe📉 Potential downside targets are the support zones at 3050 and 2880👨💻 The price action created an equal low, indicating a likely retest or break of previous lows🤓 Expect is for CRYPTOCAP:ETH to break down from the current upward channel🔻Shortby CryptoSkullSignal112