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
ETHUSDMost likely, such a strong growth occurred against the backdrop of news about ETFs on Ethereum. The deadline for approval of Ethereum ETF applications is May 24. For further growth, you need to break through the resistance at $2,732 and consolidate above this level. Targets in case of further growth are marked with blue lines. As in the case of Bitcoin, we do not buy Ethereum yet, because it is dangerous. Also keep in mind that there is quite a lot of liquidity in the $1870 zone. Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can✍️ by Andrey_CryptoUpdated 119
ETH resistance we are currently on a small resistance 2910 which if it is not overcome can bring us back to 2713 and maby 2557 Next step 3398 EnjoyLongby dartvide0
Weekly view of ETH cup and handleThis is a weekly view of my prior chart. I have posted this idea a few times in the past and it played out nicely on the long-term.Longby Apollo_CB0
Eth cup and handle to golden fibEth has just kissed the golden fib for the first time in years, this cup and handle definitely played out how I had hoped. 3400 is in the cards here as the tech sector remains hot.Longby Apollo_CB0
BTC and ETH Leading the bull chargeI am closely watching BTC and ETH for the run-up in 2024. I prefer to invest my money into ETH and stake for Steth or ETH rewards from Lido or Gemini. Currently, look at new targets at 1.618 for both charts. This is the beginning of the real upside before seeing any downside. Accumulating ETH at these levels. No one is watching Ethereum as much as BTC and some altcoins, so it's an excellent asset to accumulate. In the past years, watching the relationship between BTC and ETH market caps, ETH usually stayed at least 50% of BTC's market cap. This is not to say that it can match the trend completely because the market cap changes over time, but if ETH is going to stay number two, it will need to widen the cap between the market cap of #3. Longby WiThConFi0
ETH price Teases A Breakout Run For A New All-time HighBullish Breakout at 50% Fibonacci Level: ETH price surpasses the $2,900 mark, indicating a strong bullish momentum in the weekly chart. Potential 35% Bull Run: The current rally hints at a potential rise to $3,800, showcasing Ethereum's robust market movement. Significant Increase in Trading Volume: A 43% hike in intraday trading volume to $25.91 Billion underscores heightened market activity and investor interest. Bitcoin's Dominance Fuels Altcoin Rally: With Bitcoin maintaining its position above $52,000, altcoins like Ethereum are experiencing a resurgence in February 2024. Rising Through Fibonacci Levels: Ethereum's bounce from the 200-day SMA and its upward trajectory through Fibonacci levels hint at continued bullish trends. Market Cap and Weekly Momentum: Ethereum, with a market cap of $351 Billion, displays a bullish revival in 2024, with significant increases in both price and trading volume. Anticipation of New All-Time High: Breaking beyond the 50% Fibonacci level, coupled with a golden crossover in SMAs, Ethereum might set new records, challenging the all-time high of $4,868 and potentially reaching up to $6,835.Longby Coinpedia-Market-Insight0
Ether's Ascending Support Line at Critical PointJust like in BTC and everywhere else in the crypto markets, the trading volumes on ETH are also very low. However, the main difference from BTC is that Ether's supply is now deflationary. Since the merge of the new consensus mechanism; Ether's circulating supply has been going down. (The first year in deflation). And alongside this data, on-chain metrics show that ETH's total addresses with balance are at all time high levels >97.5m; total staked ETH are above 26m and that is a 20% increase over the last 90 days; with 127k depositors (stakers) over 17.7% increase in the 90 days. The chart also looks promising with an ascending support line, however, it is at a very critical zone now. If it breaks down from here; we may see test of the previous resistance trend which I highlighted with dotted red line. Right now, we are testing the But, due to the bullish fundamentals and on-chain metrics of ETH, I am expecting a bounce from here. Also, please keep in mind, I am a bit biased as I am a believer in Ether becoming the smart ledger of the world's assets. Please do your own research, Good luck!Longby TheAlchemist888Updated 228
ETHUSD - Bullish TrendETHUSD is making Bullish Trend, will this trend continue? Entry, Stop Loss & Take Profit are mentioned.Longby Umair_AmjadUpdated 3311
ETHUSD on daily timeframeEth/USD is currently experiencing a strong buliish trend on both the daily and weekly timeframes.However ,on the 1H, there are signals indicating a potential completion of a pullback to OB zone within the daily timeframe. To mitigate risk , I plan to wait for the price to pass through the daily zone and then consider entering a buy position on the 1H. However , it's important to note that if another FVG forms on the 4H,it could potentially alter the senario. If you have any further questions please let me know.Longby somayehbasiri221
ETHUSD TREND The current suggested buying zone for ETH/USD is at $2684.59. It's advisable to be cautious and stay vigilant as the market can be dynamic. Establishing clear take-profit levels at $2720.00, $2780.00, and $2820.00 can help you manage your trades. Additionally, consider implementing a stop-loss at $2523.18 to mitigate potential losses. Always adapt your strategy based on market movements and your risk toleranceLongby FOREX_trade_01Updated 20
another bullish week for ETHETH weekly closed above $2500 with bullish candle. bullish bias with ETH, as long as price above $2500. next resistance is $3400 - $3600. DYODDLongby EL_STOCKTROOPER0
ETH/USD Hits 1-Year High: Expect Fluctuations and ResistanceHello Everyone, ETH/USD has reached its 1Y high point, indicating that some fluctuations can be anticipated. With ETH currently being significantly overbought, resistance can be expected, especially as we approach the strong resistance level of 1Y @ 2973.091 . Nevertheless, the long-term outlook remains optimistic, with a bullish projection ahead. TradeWithTheTrend3344Longby TradeWithTheTrend33441