short ethshort eth now just finished wxyxz correction and now will resume wxy in weekly chart dawn Shortby memooo14
✅ETHEREUM RISKY LONG FROM SUPPORT🚀 ✅ETHEREUM is trading in An uptrend and the coin Will soon retest a horizontal Support level around 2870$ From where I wil be expecting A bullish rebound LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx112
ETH Upside Potential in the Next 3D & 1W, $3K & Up? Galaxy Digital acquired 26,000 Ethers on Tuesday, worth around $76 million at today’s price, on-chain data from Lookonchain shows. This pushed the price of Ether above the $3,000 threshold for the first time since April 2022, before falling back. “$3,000 for Ethereum. To be honest, it’s still undervalued to #Bitcoin. Given the valuation of Bitcoin at $52,000, it would be normal to have a valuation of $3,800 per $ETH. The upside is gigantic,” said the CEO of MN Trading Michaël van de Poppe. “The Ethereum rally is supported by the March Dencun upgrade but, more importantly, by the expectation that a) the Bitcoin halving is bullish for crypto and b) that Ethereum ETFs will be approved by the SEC” in May, the Head of Research at 10x Research, Markus Thielen, said in a research note. Ether rose 0.5 percent to $2,943 over the past 24 hours. A bullish sun shines over both Bitcoin and Ether over the course of the next 3 days and week, indicating upside potential. Binance Coin and Dogecoin should also profit from this bullish trend, ATTMO shows. Follow us for more crypto weather reports!by ATTMO3
Ethereum Price Falls after Exceeding $3,000We previously wrote about the reasons for the positive sentiment in the ETH/USD market. Optimism was added by a post on X (Twitter) by Vitalik Buterin about the so-called Werkle trees. This technology, which should (according to the information in the roadmap) be introduced in the future, it includes the advantages of: → reduced requirements for validators; → faster network synchronization, and others. The ETH/USD chart shows that: → ETH price is within a larger uptrend (shown in orange); → the price is within the February bullish trend (shown by blue lines); → the market is in an overbought state, judging by the bearish divergence on the MACD indicator. These arguments suggest that the market is vulnerable to a pullback. Notice the wide bearish candle (shown by the red arrow) that is pushing the ETH price down from above the psychological USD 3,000 level. It may indicate a change in mood. Since the beginning of February, the price of ETH has increased by approximately 30%. Therefore, some market participants could take profits from long positions at the psychological level. If a pullback occurs and is about 50% of the February rise, the price of Ethereum may fall to the median line of the orange channel to the support area of 2,700. *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 FXOpen2214
Ethereum- A probable 20% rise After reaching a peak above $2700 and experiencing a typical correction, BITSTAMP:ETHUSD performed well technically. It remained above the support levels between $2150-2200 and yesterday, it finally broke through the $2400 resistance. The current outlook for EthUsd is strongly bullish. As long as the price stays above the $2400 zone, we can anticipate a continuation of the upward trend with a target set at $3000. Moreover, such a trade would offer a risk-to-reward ratio of more than 1:3.Longby Mihai_IacobUpdated 2228
ETH 45 degree uptrendas we can see ETH been trading within a 45degree slope up trend. $2900 need to hold for this Super Bull. next hard resistance at $3400. if price closed below $2900, market may just go sideways within 2800-3000..... sideways n boring. if price go below $2800, then it might revisit $2500 level..... MACD : very bullish.Longby EL_STOCKTROOPER442
$ETH Price Prediction 2/20/2024A solid push brings ETH back to 3k with 50EMA now above consolidation average. An early breakout is possible given recent bullish consolidation but that also means we should avoid dropping back into wedge due to the possibility of a higher-volatility sellout. Focus on D1 close (~6hrs) to determine future momentum. www.tradingview.comby CheddarBizcuitz1
ETHUSD Targeting 5000Measurement on the breakout makes the upside target 5000 ish. This would be a gain of 60% from here. Longby WadeYendall12
ETHUSD - Bullish TrendETHUSD Bullish Trend breakout, will this trend continue? Entry, Stop Loss & Take Profit are mentioned.Longby Umair_AmjadUpdated 116
ETHUSD Sell Stop 2885ETH is showing some significant signs for a short term selling opportunity. As it has printed back to back to back 2 good quality divergences. That is why I will prefer a sell stop order with a hope of bears to put some energy to the idea towards my short orders. Lets hope for good. Thanks. My Positions Sell Stop : 2887 Stop Loss : 3007 TP1 : 2866 TP2 : 2658Shortby tayyabbarakzoi6
short ethshort eth on thin spike higher aroun 3040, should fill extension at 2600 and from there on we shall see what happensShortby Mattias3006112
ETH/USD Rally Persists as RSI Holds in Overbought TerritoryETH/USD registers a fresh yearly high ($3002) as the Relative Strength Index (RSI) holds in overbought territory, but a move below 70 in the oscillator may accompany a near-term correction in Ethereum like the price action from last year. ETH/USD Outlook ETH/USD stages a four-week rally as it extends the advance from the start of the month, with a break/close above $3110 (78.6% Fibonacci extension) opening up the $3230 (161.8% Fibonacci extension) to $3360 (100% Fibonacci extension) region. Next area of interest comes in around the April 2022 high ($3581), but failure to break/close above $3110 (78.6% Fibonacci extension) may pull the RSI back from overbought territory, with a breach below the $2760 (50% Fibonacci extension) to $2800 (50% Fibonacci retracement) region raising the scope for a move towards the $2550 (38.2% Fibonacci extension) to $2620 (38.2% Fibonacci extension) area. --- Written by David Song, Strategist by FOREXcom6
ETH BANGING OFF A FIB LEVEL!!!ETH is banging off a Fibonacci Level. And here's what we need to remember about the 1.618 level that ETh just rejected. 1.618, also known as the Golden Ratio, holds special significance. Here's why: Mathematical Relationship: The Golden Ratio is an irrational number roughly equal to 1.6180339887. It is found by dividing a number in the Fibonacci sequence by the one two places to its right (e.g., 13 divided by 8). This ratio appears frequently in nature and geometry, leading some to believe it possesses inherent "harmony" or balance. Fibonacci Retracement Levels : These levels are calculated by applying the Golden Ratio and other related ratios (e.g., 0.618, 0.382) to a significant price move on a chart, identifying potential retracement points for the price. Psychological Significance : Some traders believe that investors subconsciously recognize the Golden Ratio and react to prices approaching these levels, creating support or resistance. While there's no definitive proof, its historical use might lead to a self-fulfilling prophecy. Empirical Backing : Studies have shown some statistically significant evidence for the effectiveness of Fibonacci retracement levels, particularly around the 38.2% and 61.8% levels. However, the results have yet to be consistently strong, and the method faces criticism for subjectivity in drawing the levels and lack of a robust theoretical foundation. Important to remember: Fibonacci levels are not magic formulas and shouldn't be used alone for trading decisions. Combining them with other technical indicators and fundamental analysis is crucial. Their effectiveness is debated, and their success likely depends on market psychology and investor behavior, which can be unpredictable. Longby cnote560
🔥 How To Time The Market: Become Rich With Ethereum!In this analysis I want to discuss a way to time the market. Or more precise: to time the next ETH market bottom. We don't have a lot of trading data to look at, but we have 2 instances where this strategy has worked. The strategy is simple: buy Ethereum once the weekly RSI is below 30 and enjoy the ride. Every single time that ETH has reached oversold, this was the bear-market bottom for the cycle and ETH pumped. Make your life easier and put an alert on your chart. Might take a few years for the alert to hit, but at least you're going to be prepared. Next time you will actually buy the bottom instead of selling it with this simple trick.Longby FieryTrading8858
ETDUSD (W) is poised to approach the $30K in the near futureBINANCE:ETHUSD ETDUSD (W) is poised to approach the $30K in the near future ETDUSD (W) is poised to approach the $30K price threshold in the near future. The distinct bullish response within Fibonacci extension zone 1 ( GETTEX:29K -$32K) is evident. However, the sudden surge in price has activated a cautionary signal from the RSI indicator, suggesting a potential correction. RSI divergence has materialized, prompting a corrective response in the recent period. The recent uptrend lacks substantial volume, particularly observed within a candle featuring a prominent upper wick. Therefore, for holders of this digital currency, a prudent strategy involves establishing a secure stop-loss level to preserve existing profits and setting a take-profit target within the GETTEX:29K -$30K price range. For those observing from the sidelines, exercise caution, refrain from succumbing to FOMO during this period, and await signals from the impending correction.Longby VNSmartMoneyUpdated 443
ETH / USD 6 Month ChartHello traders. As a long term holder of Ethereum, I just wanted to post a chart / update. 1910 held as support. 1610 before that. Ethereum is on it's way up. Dencun upgrade will be a game changer if all goes as planned. You need to look ahead. With the potential market cap to be had in the near future, I can see Ethereum at $75k a coin or better by 2030. Crypto / De-fi is the future. Best to secure generational wealth now. Big G gets all my thanks. Be well and thanks so much for checking out my chart.Longby musclemilk00750
ETH: The trend is your friend ETH has recently been very strong. The trend is set to continue as long as we hold 2'880. A correction to 2'720 would be a huge buy opportunity. I personally don't think it will happen. Short-term target is 3'200. Longby RF_Trading3310
Feb.13-Feb.19(ETH)Weekly market recapThe market started a new round of rise after digesting the reduction of GBTC holdings. Even after the release of less-than-expected U.S. CPI data for January, the market only called back slightly and continued to maintain a strong upward trend. Although the max drawdown of BTC in this bull market has always remained at 25%, which is much lower than the level of the previous bull market, it can be seen from such as Glassnode that the 'sell-the-news' correction after the ETFs launched has resulted in a healthy reset of several metrics. The STH supply in profit fell from its peak at ~100%, to retest its all-time-average of 57.5%. Risks have been released, and the continued increase in stablecoin supply has provided support for the rise. ETH surged during the Lunar New Year, surpassing 2900. Although BTC has begun to fluctuate, ETH continues to rise with no signs of a correction. There is a possibility of compensatory for ETH. ETH's decline will be greater than that of BTC in 2022. Based on the increase of BTC, the relative valuation of ETH should be at 3500. Of course, this is only a relative valuation. After all, ETH has performed worse than BTC during most of this bullish trend. It is also possible that the popularity of restaking protocols such as Eigenlayer has driven the purchasing power of ETH, resulting in ETH's strong performance. Judging from the indicators, as the price gets higher and higher, the participation of whales and trading volume decrease, which is very similar to BTC. Holders have a cautious attitude. The ME indicator continues to maintain a bullish trend and the wavy area expands. To sum up, we believe that the rise of ETH is likely to continue. We raise the resistance level to 3300 and the support level to 2700. 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.Longby Sypool2
$ETH Price Prediction 2/19/2024Price pushes to the upper boundary to signal what appears to be the first breakout attempt of the newly indicated wedge. I'm still not expecting a successful flip at this time but given this is a 'high volatility' zone it could be possible. The focus now should be on maintaining 50EMA above 2750 until the next breakout attempt. www.tradingview.comby CheddarBizcuitz1
Possible Accumulation againUnder 42.5k = REKT But for now it's looks good for bulls We dropped on Monday and didnt take liquidity, which made me suspicious. ETH is performing better, which it does when price goes up. I still believe we will drop but currently short term I think we can go up for a bit, not sure where to but probably 44k+Longby reiiss7Updated 3
🚨#ETH/USDT Long#ETH The price moves in bullish waves on a 1-day frame We now have an upward trend in blue that we rely on, and it has been touched We have a strong support area in green at the 2150 level We have buying momentum on the MACD indicator With stability above the moving average of 100 Entry price 2265 First target 2486 Second goal 2767 The third goal is 2993Longby CryptoAnalystSignalUpdated 4