ETHUSD 1 WEEKLooking for possible rebound around the $3500 price for some sure pullbacks before buying aggressive for the ATHLongby ibkfx2
ETHUSD channel up support broken?ETH perform channel up and try to break channel up support right now. We have buy zone around 3758 to 3891 to follow bullish movement, and if this support broken, we still have fibonacci support at 3402 Bullish from this point at 4083 resistance, with maximum target at channel up resistance, around 4360 I will update this analysis if I found a new key level.Longby AzrulAzir113
$ETH Price Prediction 3/13/2024Consolidation closes in on 4k after another rejection at ~4050. A stepping pattern has been outlined which assumes an eventual push to 4150. However W1 close is expected closer to 4000-4050. Closing within this range should be the focus but continued recovery seems low. www.tradingview.comby CheddarBizcuitz5
ETH - Up or Down Post Dencun Upgrade?The highly awaited implementation of Ethereum’s Dencun upgrade just happened. It will not only drastically cut the Ethereum blockchain’s transaction costs (gas fees), but also optimize data storage. Read more about the upgrade’s positive implications for users, developers and the Ethereum ecosystem as a whole here. The price of Ether rose 0.8 percent to $4,058 over the past 24 hours. The bullish sun continues to shine over large parts of the global crypto market, including Bitcoin and Ether, in the next 24 hours and week. This signals further upside potential, according to ATTMO. Avalanche bucks this positive trend and will face bearish clouds or downside risks in the 24 hours ahead. Follow us for more crypto news and weather reports!Longby ATTMO334
Unveiling Crypto Market Insights - Round NumbersGM Bitstampers! In our previous post , we described the basic concept of support and resistance . Now, we'll explore the significance of round numbers in acting as support and resistance. Importance of Round Numbers as Support and Resistance John J. Murphy highlights the relevance of round numbers as support and resistance in his book "Technical Analysis of the Financial Markets" : "There is a tendency for round numbers to halt advances or declines. Traders often consider important round numbers like 10, 20, 25, 50, 75, 100 (and multiples of 1000) as price objectives and act accordingly. Hence, these round numbers frequently serve as 'psychological' support or resistance levels. Traders can utilize this information to begin taking profits as an important round number is approached." Example of Round Numbers as Support and Resistance Murphy provides a compelling example using the gold market: "The 1982 bear market low occurred precisely at $300. Subsequently, the market rallied to slightly above $500 in the first quarter of 1983 before retracing to $400. Similarly, a gold rally in 1987 was halted at $500 again. Between 1990 and 1997, gold repeatedly failed to breach the $400 mark. The Dow Jones Industrial Average also exhibits a tendency to stall at multiples of 1000. One practical application of this principle is to avoid placing trading orders directly at these conspicuous round numbers. For instance, when attempting to buy into a short-term market dip in an uptrend, it's advisable to set limit orders just above an important round number. Given that others are also aiming to buy at the round number, the market may never reach it." Placing Orders Around Obvious Levels Murphy advises caution when placing orders around round numbers: "Traders aiming to sell on a bounce should set resting sell orders slightly below round numbers. Conversely, when setting protective stops on existing positions, it's wise to avoid placing them at obvious round numbers." ETH Trading Around the $4k Level On Monday, ETH/USD closed above the $4k level for the first time since 2021, only to close below it the next day. What's your prediction for ETH's next move? Which round number do you believe will become the next significant level? Share your thoughts in the comments.by Bitstamp2210
ETH - Mid-Term Here’s the midterm game on ETH’s meteoric rise prior to it’s minsky moment some time down the roadLongby YizzyB334
ETHEREUM. minimum price targetsIn the chart you can see two patterns, the bullish triangle (black) and the bullish flag (orange), which give the next minimum objectives for the price of Ethereum 3257 and 3122 respectively.Longby Cinnamon_ClubUpdated 223
Today Is an Ethereum Update. ETH/USD Is Above $4,000Today Is an Ethereum Update. ETH/USD Is Above $4,000 An update is scheduled for the Ethereum network today, approximately at 16:55 GMT+3. The update is called Dencun and is the biggest code change since April 2023, when the Shapella update was implemented. Dencun aims to reduce fees on the growing array of ancillary networks running on top of Ethereum, called layer 2 (L2) “aggregates.” The changes involve “proto-dunksharding” technology, which is intended to improve the blockchain’s ability to process data from L2 networks. It is believed that the implementation of the update will give impetus to the development of projects built on auxiliary networks. On the other hand, there is a risk of failures. Although it is worth noting that Dencun was deployed three times on test networks, and each time there were no problems. The ETH/USD chart shows that the price of Ethereum today, on the day of the update, is showing bullish behavior: → the price moves within the long-term ascending channel (shown in orange). Having pushed off from its lower limit in early February, the price of ETH has already reached its upper limit, which is +76% in about a month! → during the growth, the price formed an ascending channel (shown by black lines); → the price is trying to consolidate above the psychological level of USD 4,000 for Ethereum. → long lower shadows on the candles on March 11-12 give reason to believe that there is strong demand in the market amid news related to an important update for the development of Ethereum. Reaching the upper boundary of the channel is an argument in favor of a consolidation scenario after a significant rally. But it is possible that using the hype, the bulls will try to storm the upper border of the channel. If successful, the area around USD 4,000 could act as an important support for ETH/USD in the future. *At FXOpen UK and FXOpen AU, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules and Professional clients under ASIC Rules respectively. They are not available for trading by Retail clients. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen6615
ETHUSDT ConsolidationWe observe a potential 5% consolidation on the Ethereum H4 chart, with support at 3800 and resistance at 4000 levels. Currently, we await a retest of the support zone. Additionally, considering placing limit orders at these levels.by ilia.gobadzeUpdated 222
$ETH Price Prediction 3/12/2024Price back above 4k after recovering from a drop to 200EMA. A slight double-bottom has now formed and may be the needed push for continuation. As a reminder there are roughly 5 days remaining on this weekly candle. Look to keep above 3685 critical to avoid further correction. www.tradingview.comby CheddarBizcuitz224
ETHUSDCurrently at a resistance zone that it needs to break to continue it upward trend. keep an eye on the zone, as it previously had problems breaking this zone by Koami16112
ETHUSDT ShortWe have bearish signal on ETHUSD chart. Bears are getting power to retest 3800 support zone. Risk reward 1/4 Shortby ilia.gobadzeUpdated 114
ETHUSD | Market outlook The last time the crypto reached current levels, interest rates were near zero. Now a supply-demand imbalance is eclipsing the outlook of higher-for-longer interest rates. Longby DCFX-TAUpdated 114
ETHUSD - Sharp Up TrendA sharp up trend is evident on the 4Hr chart for ETHUSD This trend line potentially may provide support for next move up. Longby Bixley2210
ETHUSD Bearish SetupWe observe a Change of character of the Ethereum H1 chart. Currently, bears appear poised to initiate a correction and retest the 2260 demand zone.Shortby ilia.gobadzeUpdated 116
ETHUSD - Cup and Handle and TargetSuggesting using a cup and handle structure with the current move being in the handle phase of this structure. Price stays between the two white indicators which are potential lows and potential highs. I am bullish. The dotted lines are a channel that I think may still be relevant for this progression. Longby Bixley118
Ethereum ETF Potential: Exploring Opportunities $4000 Target ?Anticipation is mounting within the cryptocurrency industry as the possibility of a spot exchange-traded fund (ETF) for Ethereum looms on the horizon, mirroring Bitcoin's trajectory. With several Wall Street investment firms vying for approval from the Securities and Exchange Commission (SEC), the potential decision, expected by May 23, has stirred optimism among market participants. Forecasts from entities like Standard Chartered Bank, projecting a substantial 70% surge in Ethereum's price, fuel the excitement, with predictions suggesting a potential ascent to $4,000 by summer's onset. However, a closer examination reveals nuanced considerations amidst this fervor, drawing parallels to Bitcoin's journey post-ETF approval. While the approval of a spot Bitcoin ETF in January elicited optimism, subsequent market performance showcased a classic "buy the rumor, sell the news" scenario. Bitcoin's price, following ETFs' introduction, has witnessed a decline of approximately 8%, underscoring skepticism and disappointment. Ethereum, likewise, experienced a surge to $2,500 in anticipation of ETF approval, only to retreat to around $2,300 subsequently, hinting at fleeting impacts from such developments. Crucially, Ethereum's narrative differs from Bitcoin's, with the former lacking the status of "digital gold" and serving different investment purposes. While Bitcoin is viewed as a store of value and an inflation hedge, Ethereum's appeal is nuanced, contributing to varying investor sentiments and demands. Additionally, previous attempts to introduce Ethereum ETFs encountered limited traction, indicating prevailing preferences for Bitcoin. Moreover, Ethereum's potential price target of $4,000 is viewed skeptically, given historical precedents and market dynamics. The article emphasizes the importance of realistic expectations, cautioning against overreliance on forecasts and advocating for investment decisions grounded in Ethereum's current valuation rather than speculative projections. In conclusion, while the prospect of an Ethereum ETF signals significant developments for the cryptocurrency market, maintaining a balanced perspective is paramount. Realistic assessments, considering Ethereum's unique positioning and historical trends, are crucial amidst market enthusiasm, ensuring informed investment decisions in an evolving landscape. Our preference Long positions Above 1600 with targets at 3000 and 4000.Longby FOREXN1Updated 5544
Ethereum Headed To ATH?Just your regular reminder that there is no meaningful high time frame resistance between the current price and the all time high. In the past, Ethereum has always lagged and made a high when Bitcoin stabilizes. This time does not need to be the same - but it does appear likely.Longby ScottMelker11
ETH possible long term roadmap concept7400 is my target. What's yours? I am not a financial adviser.Longby timefreezersphototwUpdated 5
ETH Long Term Trade, Are You Ready?ETH (Ethereum) Coin: Short Fundamentals, Recent News, and Disclaimer Fundamentals: Launched: July 2015. Founders: Vitalik Buterin and Gavin Wood. Purpose: A decentralized platform that allows for the development and execution of smart contracts – self-executing contracts that automate the transfer of assets based on predefined conditions. Native token: Ether (ETH) used for transaction fees and gas on the Ethereum network. Market Cap: ~$200 billion (as of Mar 12, 2024). Rank: #2 on CoinGecko (after Bitcoin). Recent News: March 8, 2024: Ethereum successfully completes its Shanghai upgrade on the Sepolia testnet, paving the way for potential token withdrawals in future mainnet upgrades. February 28, 2024: The Ethereum core developers announce the consensus layer (CL) scalability roadmap, outlining plans for a modular Ethereum with enhanced scalability. February 15, 2024: Lido Finance surpasses 5 million ETH staked on the Ethereum network, signifying growing adoption of staking solutions. Disclaimer: Do your own research: While Ethereum is a well-established cryptocurrency, it's still important to understand the technology and potential risks before investing. Market volatility: The cryptocurrency market is inherently volatile, and ETH prices can fluctuate significantly. Regulation: Regulations surrounding cryptocurrency are still evolving, and future regulations could impact ETH's value. Additional Notes: The Merge: The successful completion of the Merge (transition to Proof-of-Stake) is a significant milestone for Ethereum. Scalability solutions: While Ethereum is actively working on scalability solutions, network congestion can still occur during peak usage times. Decentralized Finance (DeFi): Ethereum is a leading platform for DeFi applications, creating a vibrant ecosystem.Longby MoonTradingForecast4
ETH buy? Hello everyone. For today's operation, Ethereum recommends buying at 3855, stop loss at 3800, and target 3950~4000.Longby Crazy_money_making_signalsUpdated 2220
ETHUSD - Time for the bulls It is prime time for bulls on ETH! We are in a bullmarket. I think this curved layout on ETH will play out pushing ETH to 15 - 20K Repost. Bullish. Longby Bixley10
Will this happen to ETH? If we consider this canal that ETH broke it downward, it kept going under the bottom line and then broke it upward to top of the canal. Going slowly on the bottom line of the canal, kind of consolidated ETH and now it is flying to the top line of the canal in mid-term to long-term periods. I believe there's a big chance of a correction before breaking the ATH.Longby mammadbtcn111