Etherium - ETH - Long Dear traders, I still optimistic with eth long, there are not signals for reversal. In this moment is consolidating after a noticiable rally which is normal and is close to 3000 (psicological level). Nevertheles we hope to reach 3400 in March. best,Longby FITINTRADE6
Monkey see monkey do-- ETH to follow BTC?BTC has been trading within an ascending triangle that I have documented elsewhere, and ETH seems to be beginning to copy that same pattern Longby httpzUpdated 4
Ethereum (ETHUSD)Due to the positive inflation data of the United States and the delay in the rate reduction policy by the Fed. I expect further decline in cryptocurrencies. In Ethereum, strong support is ahead in the area of 2500 $ .Shortby violet-forex2
using my custom built indicator on cryptoThis Is An Educational + Analytic Content That Will show entry ideas for trades. Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For educational Purpose to Traders To Make Independent Investments Decisions. Disclaimer The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingViewby kF_pippinright111
History May Not Repeat Itself, but It Does RhymeThis is just a hypothesis, not financial advice. I think we are going to see a small pullback to the 2700 area for re-accumulation. In the 2700 area we could see a large volume of liquidation points and those could generate some pullback to the price of ETH. After that, bounce back above the trendline and go for the bullrun after the halving of BTC. My hiypotesis, I could be completely wrong. I've been thinking for a while now that maybe the current market looks more like 2017 than 2021. Time will tell. Zone around 2100 for ETH its my red alert. Shortby DonSiiimon3311
Small SHORT_ Shorting ETHUSD Three black crows are a sign of market reversal. Entry point under the 3rd bearish candle and stop loss with room to breathe. Entry at your own risk. This is an idea.Shortby Blondelady1971112
Ethereum: Rally or Trap? ❌Like other cryptocurrencies, Ethereum has recently experienced a sharp increase that exceeded our expectations, prompting us to reassess our initial scenario. Initially, we anticipated another correction downwards to complete our premiere scenario. Upon reevaluation of the daily chart, it appears we might be in the overarching blue Wave (3). However, a closer look suggests we've completed the Wave ((i)) and are now facing an ABC correction towards a Wave ((ii)). This assessment is based on the clear structure observed. The 2-hour chart does not indicate a discernible Wave 2 thus far. Therefore, we presume we're in the correction phase of Wave ((ii)), as long as the $3,000 mark isn't surpassed. Breaking this threshold would necessitate a reevaluation of our scenario, though this is deemed unlikely until the expected correction occurs. Following this correction, we anticipate that the subordinate Wave 3 of the overarching Wave (3) will reach the $3,580 level. Subsequently, the price should aim for our target range of $4,300 to $5,000. In summary, as long as we do not exceed the 138% level, namely the $3,000 mark, on the 2-hour chart, we expect a five-part wave structure downward leading to a Wave C/Wave 2. Longby stromm_by_wmcUpdated 116
ETH: 2'900-3'000 is the range ETH has been moving in the 2'900-3'000 range, which is perfectly in line with the drawn levels. Now, price is at the bottom of the range and could follow the trend up again. The level to watch on the downside is once again 2'880 (or 50 SMA, wherever it is). On the upside, we need to break 3'040 in order to go up. Dips to 100 SMA are golden buy opportunities. Longby RF_Trading335
Ethereum- Important bullish breaks, but...My recent target of 3k for BITSTAMP:ETHUSD was not only reached but surpassed. However, more importantly, Ethereum managed to break above important levels in achieving this feat. The previous recent high at 2700 was breached, as well as the resistance of the ascending channel initiated back in June 2022. All of these are strong bullish signs. However, as in the case of BITSTAMP:BTCUSD , the recent upward move is overextended, and a correction seems highly probable at this moment. This normal correction could lead to a price drop to the 2700-2750 support level. However, if bulls are unable to maintain this zone intact, the situation becomes gloomy. These two false upward breaks could potentially reverse the price even down to 2200. In conclusion, a correction to 2700 is something normal and should not come as a surprise. However, a break below this level poses problems for bulls. by Mihai_Iacob9931
ETH Buying the retraceEthereum is going to retrace, and i expect the price to reach 2810 before pushing again. My entry point is a H4 support zone, and the target will be above $3000. Waiting for the retrace before taking any actionby CryptoForexGem3
ETHUSD Head To $2868.18Major breakout on the daily chat. I used textbook measurements to find the profit target and after is all said an done I'm getting a potential profit target of $2868.18 its moving slow but steady in towards its profit target. Longby diazfranjUpdated 2
$ETH Price Prediction 2/22/2024ETH breaks above symmetric resistance yet continues to close below 3k. At this point a successful flip at 3k seems pertinent for continuing momentum. Falling back within the purple wedge would likely elongate consolidation until the 3/01 marker. 3210 is the next critical priceline with the 'high volatility' zone ending at 3130. www.tradingview.comby CheddarBizcuitz4
ETH can it break $3100?Looking at the daily chart for ETH, I'm seeing some good progress here to show solid gains and good support for this price action. While I don't personally like ETH or its blockchain technicals, I do appreciate the impact this token will have on others in the next Altcoin season, where I hope to see some of the wealth rotate out of ETH and into smaller Altcoins. This kind of relative pressure may help XRP escape the downward pressure and release the underwater beachball. But focusing back on ETH we see the Fibonacci levels represented very well with this recent uprising. If these levels hold and we don't see much more profit taking and buyer interest remains, then $3100 per ETH isn't possible. Stay tuned for when ETH breaks $3100, and we might see a big wave of change coming for the Altcoins. Longby cnote564
Unveiling Crypto Market Insights: Support and ResistanceGM Bitstampers! Today, we're diving deeper into the topic of identifying support and resistance levels—a subject we've briefly touched upon in our post about ranges . Support and resistance Support and resistance are pivotal concepts in technical analysis. John J. Murphy describes these concepts vividly in his book Technical Analysis of the Financial Markets: "The troughs, or reaction lows, are called support. The term is self-explanatory and indicates that support is a level or area on the chart under the market where buying interest is sufficiently strong to overcome selling pressure. As a result, a decline is halted and prices turn back up again. Usually, a support level is identified beforehand by a previous reaction low. Resistance is the opposite of support and represents a price level or area over the market where selling pressure overcomes buying pressure and a price advance is turned back." The Psychology of Support and Resistance Murphy further explains the psychological underpinnings of these areas: "The more trading that takes place in that support area, the more significant it becomes because more participants have a vested interest in that area. The amount of trading in a given support or resistance area can be determined in three ways: the amount of time spent there, volume, and how recently the trading took place. The longer the period of time that prices trade in a support or resistance area, the more significant that area becomes. For example, if prices trade sideways for three weeks in a congestion area before moving higher, that support area would be more important than if only three days of trading had occurred. Volume is another way to measure the significance of support and resistance. If a support level is formed on heavy volume, this would indicate that a large number of units changed hands, and would mark that support level as more important than if very little trading had taken place. Point and figure charts that measure the intraday trading activity are especially useful in identifying these price levels where most of the trading took place and, consequently, where support and resistance will be most likely to function. A third way to determine the significance of a support or resistance area is how recently the trading took place. Because we are dealing with the reaction of traders to market movement and to positions that they have already taken or failed to take, it stands to reason that the more recent the activity, the more potent it becomes." How Support and Resistance Levels Reverse Their Roles According to Murphy, one of the most interesting aspects of support and resistance is their reversal of roles: "So far we've defined "support" as a previous low and "resistance" as a previous high. However, this is not always the case. This leads us to one of the more interesting and lesser known aspects of support and resistance-their reversal of roles. Whenever a support or resistance level is penetrated by a significant amount, they reverse their roles and become the opposite. In other words, a resistance level becomes a support level and support becomes resistance." Murphy emphasizes the need for caution in determining the significance of a penetration: "There is quite a bit of subjectivity involved here in determining whether a penetration is significant or not. As a benchmark, some chartists use a 3% penetration as a criteria, particularly for major support and resistance levels. Shorter term support and resistance areas would probably require a much smaller number, like 1%. In reality, each analyst must decide for himself or herself what constitutes a significant penetration. It's important to remember, however, that support and resistance areas only reverse roles when the market moves far enough away to convince the market participants that they have made a mistake. The farther away the market moves, the more convinced they become." ETH below resistance Currently, ETH is situated below resistance level around $3k price level. The last time ETH traded above $3k level was in 2022. Today, ETH tapped $3k resistance level for the second time in last 48 hours. Do you think ETH will crack the $3k resistance? If so, when? Do you think round numbers act as significant support/resistance levels? Let us know in the commentsby Bitstamp7
ETHUSD @ Strong Selling Zone Scenario, Double Top Pattern Formed📉📊 ETH/USD Analysis: Watch for Potential Reversal! 🌟 💹 Traders, let's assess the ETH/USD chart: INDEX:ETHUSD 📈 Double Top Formation: ETH/USD has formed a double top pattern at the top of the uptrend, indicating a potential reversal in the price action. 📉 Ascending Channel Breakdown : Keep an eye on the ascending channel, especially if the breakout is accompanied by an increase in volume. This could signal further downward movement. 📊 Volume Analysis: Pay close attention to volume increases, as they can provide confirmation of the trend reversal. 🎯 Technical Target: Our technical target for the potential reversal is set at $2750. Stay vigilant and be prepared to adjust your trading strategy as ETH/USD navigates this critical price structure! 🚨📈 #ETHUSD #DoubleTop #PriceAnalysisShortby AlphaForex561117
Ethereum (ETH) Market UpdateEthereum (ETH) Market Update As of now, Ethereum (ETH) is experiencing a bearish trend with the price currently at $2950. The momentum for an upward trajectory seems to have diminished, indicating a potential decline towards $2400 or even lower. Adding to the market’s concerns, a significant security vulnerability has been identified related to Ethereum Name Service (ENS) domain names. This exploit has been leveraged by hackers1, which could potentially impact the trust in the system’s security. Investors and users are advised to exercise caution and stay updated on the latest security patches and market movements. Please note, this is a simplified summary and the actual market conditions can change rapidly. Always consult multiple sources and professional advice for investment decisions. Also, ensure to secure your digital assets, especially in light of recent security vulnerabilities. Zoomer translation: Yo fam, ETH is on a major slide, no cap. We’re talking a price tag of $2950 and it’s lookin’ like it might yeet itself down to $2400 or less. 😬 And peep this, there’s some sus stuff goin’ on with ENS domains. Hackers are out here exploiting a big ol’ security hole. 💀🔓 So, like, keep your digital wallets on lock and don’t sleep on those market updates, aight? 📉🔒 Remember, this is the sitch right now, but the crypto streets are wild, so stay woke and do your own research. Secure your coins, peeps! 🚀🔐Shortby TheTraderrrUpdated 2
ETHUSD: Double Top formation on 1HETHUSD was in uptrend as it was printing HHs and HLs on 1H timeframe. However, it has just formed a double top reversal chart pattern along with making a bearish divergence on RSI. In line with the rules of trading the pattern, SL has been placed above the pattern, establishing short entry at break of neckline. TP1 has been placed at 1:1 RRR.Shortby UsmanFarouk0
Ethereum Short ScalpI just take a few pips from market and ETH is one of my favorite to scalp. Selling ETH for phun and profit... Shortby CryptoKampung1
ETHUSD Retest 2700 what's next?ETH over all is looking very bullish but it can also pull back a bit as we have seen I think $2700 is in the cards and then after this dip it will go to $3200 we are in the beginning stages of a bull rally. ETH and BTC will go parabolic but dips will happen along the way don't get shaken out end goals up.Longby HypeManAlex2
$ETH Price Prediction 2/21/2024Price fails to flip 3k dropping us back to the upper boundary. A symmetric pattern can now be seen forming at this zone with average indicated. Look to hold within pattern while remaining above ~2900 for the upcoming D1 close. www.tradingview.comby CheddarBizcuitz1