ETH flag breakoutafter retrace for 10 weeks, finally we see a bullish weekly candle on ETH, supported by 20 weeks MAs. in this zone (in yellow) considered a FLAG formation . is a bullish continuation trend. will see more upside once market break above $4000 mark. Longby EL_STOCKTROOPER1
Bullish on ETH for a New pump to $5.000#ETH had a strong price increase in Q1 2024, prices have now completed a correction and are ready to return to gain higher. The new opportunity at the current price 🟢 This is a sign calling for a continous upside to pass $5.000 Current ETH: 2980 🚀Longby MarketIndexTraderUpdated 2218
Ethereum / U.S Dollar _ Under _ Trading _ Venue _ Coinbase.Ethereum / U.S Dollar _ Under _ Trading _ Venue _ Coinbase. You're unsure when and why and how far can go and where will be the lowest and the highest! I will break it down as they follow numbers so there will be no if and when! This will cover Quarter 2 and Early Quarter 3, 2024. Retest was fake today so let\s just breakdown the prices and what to expect after: $4,047.78 Then will drop to $3,524.35 Expecting after the retest the following price: $4,851.27 Then will go as low as $3,296 After the distribution price = $5,039.20 Longby Skill-Knowledge-Conduct333
Ethereum Price Yet to React to ETF ApprovalEthereum ETFs were approved partly due to Bitwise's correlation analysis, which has led to analysts expecting spot ETH ETFs to disappoint due to key metrics. The SEC approved 19b-4 spot ETH ETF filings on Thursday due to the high correlation between spot CRYPTOCAP:ETH price and CME Ethereum futures prices, similar to that of Bitcoin. This conclusion was reached through Bitwise's correlation analysis filed with its spot ETH ETF. Bitwise is publishing a new correlation analysis as part of its new spot Ethereum ETF filing, which is the first ETH correlation analysis to replicate the specific methodology used by the SEC in their evaluation of bitcoin. The SEC's pace and breadth of first comments on S-1 filings are key to watch as they are the next key steps before a spot ETH ETF launch. Scott Johnsson, a general partner at Van Buren Capital, mentioned that the SEC's pace and breadth of first comments on S-1 filings are key to watch as they are the next key steps before a spot ETH ETF launch. Eric Balchunas speculated that the SEC's comments may come in four to six weeks. Crypto researcher Noelle Acheson suggests that spot ETH ETFs will meet a disappointing reception when they launch, as the CME's low interest in ETH derivatives — ranking fifth — suggests spot ETH ETFs may not be attractive. He also pointed to ETH accounting for only 15% of the total assets under management (AUM) of Hong Kong's spot crypto ETFs. Technical Outlook Ethereum ( CRYPTOCAP:ETH ) is currently trading around $3,740 after moving below the $3,730 price level. If a further decline occurs, the next level to watch out for is the $3,605 support. While prices have yet to react to the 19b-4 spot ETH ETF filings approval, the market may be awaiting the final approval of S-1 applications and the official launch before taking action. CRYPTOCAP:ETH has a positive Relative Strength Index (RSI) of 68.32 which is poise for further gains. CRYPTOCAP:ETH 's daily price chart correlates that of CRYPTOCAP:BTC with both assets depicting a bullish flag pattern in the near to long term respectively.Longby DEXWireNews3
ETH - Intraday Long Idea @3672ETH pulling back after the big rally in 3 waves into resistance. Trying to catch wave 4 in the smaller degree Open @ 3672 T1 @ 3744 T2 @ 3942 SL @ 3567 Risk 1% NFALongby AlmaClubUpdated 229
$ETH Price Prediction 5/24/2024Support remains strong at pattern resistance (3685) allowing 20EMA to cross zone. Although we're positioned below symmetric support eventual recovery is still assumed. Continue to use pattern resistance as the W1 close goal. www.tradingview.comby CheddarBizcuitz1
The last bullish chance of Ethereum in Mid term!Hi. BINANCE:ETHUSDT Today, I want to analyze ETH for you in a 1D time frame so that we can have a MID-term view of ETH regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). ➡️ETH has done a Impressive Movement recently but the odds of another bullish Movement is Pretty high because the pattern which ETH is in, Is a Bullish Flag Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens, we Can Expect a Bullish Movement as much as the Measured Price movement (flag pole) to happen! ✅ Due to the Ascending structure of the chart... 🟢 ETH has been Bullish Recently! 🟢REEGULAR BULLISH Divergence 🟢ETH is in a Bullish Flag 🟢(AB=CD) 🟢Price is gonna Reach $4100 ✨Targets are: 🎯$3390 🎯$0.3500 🎯$0.62 🎯$0.3750 🎯$0.4100 Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!Longby CobraVanguardUpdated 1167
ETH ETF Approval and Consensus 2024Congratulations to all holding ETH and all in crypto as a whole! This past week has been MASSIVE for legislation in the field. This ETF approval shocked me- I figured it'd happen just not so soon. Turns out crypto is going to get more and more intersected with politics as time moves on from here on out... As for ETH's price and the market, I am basing my analysis on how the BTC affected its price. It's also worth mentioning that we don't know yet when the ETH ETF will begin trading. Hong Kong's ETH ETF has not been remotely as successful as BTC, but I am optimistic on how ETH will perform here in the US. Regardless, I like many others agree the ETH ETF won't be remotely as popular as the BTC one has been. To be honest, I never really ever thought the ETH ETF was that important for its success anyways- but this approval legitimizes the asset and the entire digital asset space as a whole. I'd argue this legitimization is even more important than the inflows will be. My prediction is a copy+paste of the price action of BTC after the ETF approval. Maybe we dump for a little bit more and then run up? I could see Consensus 2024 maybe speeding up this process- that convention starts on May 29. Crypto generally does well at the end of May every year, so I'm optimistic that maybe this goes up way quicker than I am expecting. Good luck everyone! This has been a fantastic 2024 so far, and the trend is on our side.Longby seqwhence1
ETHUSD Ascending Triangle Breakout ? 24.05.2024- Following US SEC approval of spot ether ETF listing: - Ascending triangle 1HR chart pattern observed on ETHUSD. - Downside break of uptrendline indicates potential price decrease. - Upside break of resistance suggests possible price increase. - Stress the importance of applying risk management strategies. _________________________________________________________________________________ Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) by BDSwiss_Academy1
$ETH 2024 cycle high predictionsCOINBASE:ETHUSD Breaking an all time high could put any of these FIB extensions in play for this cycle. If we can get an all time high breakout sometime in, I could see the potential for the 1.618 FIB extension around 7,300 to be hit by end of 2024. Longby stanleygroovy11
ETHUSD bullish movement is about to happen!!!Hi. BINANCE:ETHUSDT Today, I want to analyze ETH for you in a 12H time frame so that we can have a MID-term view of ETH regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). ➡️ETH has done a Impressive Movement recently but the odds of another bullish Movement is Pretty high because the pattern which ETH is in, Is a Bullish Flag Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens, we Can Expect a Bullish Movement as much as the Measured Price movement (flag pole) to happen! ✅ Due to the Ascending structure of the chart... 🟢 ETH has been Bullish Recently! 🟢REEGULAR BULLISH Divergence 🟢ETH is in a Bullish Flag 🟢(AB=CD) 🟢Price is gonna Reach $4100 ✨Targets are: 🎯$3390 🎯$3500 🎯$3750 🎯$4100 Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!Longby CobraVanguardUpdated 6678
fading eth to 12K? NGMIChart speaks for its self...eth is headed to 12k and there is absolutely nothing your fav soylana infuenza or laser eye maxi can do to stop it. Cope and seethe beras...Longby kgbrah119
Ethereum breaking higher now Intraday Update: Ethereum has broken higher after a multi day consolidation under the 78% retracement. The break higher should put the **% retracement in view at 3964.Longby ForexAnalytixPipczar114
ETHEREUM ETF Can SEND $ETH to $7300The Bitcoin etf Basically doubled the price of #BTC from the lows post etf trading to our recent peak in March A similar outcome and performance for Ethereum Would send #ETH to the 1.618 Fib extension This would be epic for altcoins, memecoins and DEFI what do you think do you agree?Longby BallaJiUpdated 8
ETH Respects The Trend, But For How Long?This is my first slightly longer post about the crypto market in some time. Despite being an ETH post, I get more into the market as a whole in this post. Here, I will do a little analysis on the above ETH chart, but primarily I will speak about fundamentals, my accuracies and my inaccuracies, and why I continue to observe the market. Ethereum was my biggest winner in the previous bull market. After buying between $100-200 in 2018-2019, I sold near $3000 at the end of 2021. Since then, I didn't "buy the dip" or return to investing in the cryptocurrency market. Sure, my opinion on things has limited my ability to see the "forest through the trees," so to speak. So far, I've missed out on at least tripling my money again on ETH, when I could have bought close to $1000 if I had been bullish on it long term. Despite the ETF approval for Bitcoin, and despite a looming ETF approval for Ethereum, I am longer term bearish on these assets. This is due to a simple question, the answer to which has not changed: If Bitcoin and other cryptocurrencies ceased to exist, would the world be impacted significantly? With the introduction of these ETF's, the answer to this question may change from "not at all" to "a little bit," but even then, the people who would be impacted are asset holders and managers who are generally making small bets on crypto. The bigger concern is that some brazen investors will follow Michael Saylor's suit and create unnecessary risk by buying assets that have very few real-world application. If this snowballs into an even bigger bubble, I do worry about the impact on the broader financial system. As for crypto's effect on the economy: Money goes into crypto and it stays there. All those billions that have been invested in Bitcoin ETF's could go somewhere else and have a positive ripple effect on the economy and people's lives. Instead, it's stagnant money, and it only has value because people continue to buy it. The primary reason why I'm longer term bearish on these assets is because I believe eventually demand will be unable to keep up, and prices will stagnate, ultimately fading into a much longer bear market. This is particularly the case when broader markets fall into a more deflationary period, which I think will happen eventually (though as we know, this is very hard to predict). It is clear that I was wrong in speculating Bitcoin would not make a new all time high. It did, but I wonder how long it could really sustain a SIGNIFICANT higher high. I'm not talking about $70-75k. I'm talking about $100k+ prices. Back in 2022, I speculated that ETH would drop to the green zone in my chart. It came very close, but bottomed out between $800-1000, a major level from the 2017-2018 bull market. I did successfully anticipate much lower prices for Bitcoin and Ethereum than most were expecting at that time. I did not anticipate such an extended move up from those bottoms. It is important to note that in multiples, crypto is outpacing the stock market from bottom to recent top. However, stocks are making more significant new all time highs while crypto is not. Even Gold is booming, breaking significant highs. This is something I did anticipate a while ago. There is no indication that holding crypto ETF's will be better than holding stocks. But hey look, Microstrategy (MSTR) is almost at dotcom bubble peak levels. Back to ETH - if one is to take a big short position, it seems unwise to do so until the long term trendline is clearly broken. Here is the trendline zoomed in. You can see that price even broke down briefly, though continued to hug it for the most part while the decline did not accelerate further. For now, it continues to ride. There could easily be more spikes up, as mania begins to take hold. But I sincerely also wonder how much extra money retail has to drive prices up this time around. Data shows that spending has slowed down, while people have mostly burned through their pandemic savings. Where will the liquidity come from? Is this rally even being driven by enough liquidity to sustain these prices? There is also always money to be made on the short side. Let's not forget that a short ETH ETF already exists. We will eventually find out the answers to these questions. These are the primary reasons I continue to observe markets. I want to know more deeply what's going on. What are the broader cultural and economic shifts that occur under the surface, which cause major impacts on society as a whole? These mysteries keep me coming back. Crypto is still interesting to me in this respect because it has such a psychological impact on the investor. I know directly from experience. It promises big things and then barely delivers. Or, it will appear to be completely dead and then cause eyeballs to pop when it suddenly triples in value. Profiting from it in the last cycle required putting up with a long emotional rollercoaster. Is there a light at the end of the tunnel for the crypto investor? Is this, right now, the light at the end of the tunnel? If so, this is a pretty far cry from the original intentions of Bitcoin. It's all gone right back into the pockets of traditional financial institutions. And perhaps, it is this discrepancy that makes me think it's really a sheep in wolf's clothing, in effect something perfectly boring and ordinary disguised as something disruptive. It is possible that it it may have not turned out this way, but due to human collective decision-making, greed, and exploitation, here we are. Despite my more sporadic posts, I continue to observe and analyze. It is not necessarily about being right or wrong for me. Maybe when I was younger it was, but now it's more about the process. It is important to let go of the attachment to being right. Thank you for reading as always. And of course, this is meant for speculation and entertainment only, not financial advice. Shortby VictorCobra5
Bull flag for eth cool off. 4k and then a massive cup and handleBull flag for eth cool off. 4k and then a massive cup and handle ETF is looking like it may be approved tomorrow From the Article Amid increasing speculation about the possible approval of a spot Ether exchange-traded fund (ETF) in the United States on May 23, global investment manager VanEck’s ETF has been listed by the Depository Trust and Clearing Corporation (DTCC) under the ticker symbol “ETHV.” The DTCC is an American financial market infrastructure provider that offers clearing, settlement and transaction reporting services to financial market players. A listing on DTCC is considered a crucial step before final approval from the U.S. Securities and Exchange Commission (SEC). cointelegraph.comLongby DeadCatBounceHouse336
Ethereum - Looking To Buy Pullbacks In The Short TermH4 - Strong bullish momentum Higher highs No opposite signs Until the strong support zone holds I expect the price to move higher further after pullbacksLongby VladimirRibakov2
ETHUSDETH/USD Technical analysis potential long opportunity Next Target Looking for 5100$ as per trading plan. Wait and Watch Price and Buy on Demand zoneLongby AFFINITY_MARKETS1
ETHEREUM Will Go UP! Buy! Hello,Traders! ETHEREUM is trading in an Uptrend and the coin is Consolidating above the Horizontal support of 3,700$ So I am bullish biased and I will be expecting a Further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals111
EThusd Ethereum has successfully broken the daily flag pattern, now it's showing another sign of continuation pattern. I'm longing it, my Sl below the pattern while my To at its high.Longby Mr_IGEE0
Brief ETH Analysis | Bearish Trend? Key S & R Levels 1D TFThe 1D TF chart for Ethereum shows a consolidation period following a significant uptrend. Key events include the publication of the U.S. Consumer Price Index (CPI) on May 12 and circulating news about the upcoming approval of the Ethereum spot ETF, which caused heightened market activity. On May 20, Ethereum's price surged by 21% in a single day, a significant movement compared to the typical 9 - 11% increases. This sharp rise was driven by speculative news and positive sentiment surrounding the potential ETF approval and favorable CPI data. After this spike, the price entered a range, characterized by increased trading volumes but low volatility candles, indicating market indecision. Recently, an "Inside Bar" pattern has formed: the middle candlestick is a small bearish candle enclosed within the previous large bullish candle, with a potential bullish candle forming today. This pattern highlights market indecision and suggests a potential breakout in either direction. Currently, Ethereum is testing a critical resistance level around $4K. A breakout above this level, accompanied by increased volume, could signal further upward movement. Conversely, failure to break this level might lead to a pullback towards the support zones. The current chart analysis shows that ETH is approaching a significant resistance level around $4K, marked by a descending trend line. This resistance has been tested several times, underscoring its importance. The volume profile indicates consolidation between key support and resistance levels: ◼️ Resistance Levels: Around $3.9K and $4.1K. ◼️ Local Support Levels: Around $3.7K and $3.5K. ◼️ Bullish Scenario: A breakout above $3.9K, accompanied by increasing trading volumes, could signal the continuation of the bullish trend towards the next resistance level around $4.1K. ◼️ Bearish Scenario: If the price fails to break through the resistance and falls below the $3.5K support level, it could indicate a potential bearish reversal or an extended consolidation phase. Monitoring trading volumes and price movements around these key levels will be critical in predicting the next significant move. Disclaimer: Content for seasoned traders only. Not financial advice. You bear sole responsibility for trading outcomes. ➖ DYOR 🧠 💡by BestTeddyTrader0
ETH is runnig catch it up i think if we break the red line we could eject from here and that two level of fibbonacciiii is my target Dyor by Berleo0
$ETH Price Prediction 6/02/2024ETH closes out weekly above 3685 pattern but below 3810 critical. Keep cautious of further correction until we close 1-2 days in the green (W1). The support goal for this week is around 2450 or H4 200EMA, while resistance is at 4k. www.tradingview.comby CheddarBizcuitz0