Ethereum, the world's second-largest cryptocurrency by market capitalization, is exhibiting signs of a potential breakout after a period of consolidation. Recent technical indicators, including a Simple Moving Average (SMA) crossover and price action hovering near a resistance level, suggest a bullish outlook for Ether (ETH). Breaking Down the Bullish...
During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP. Levels are valid throughout the day,...
After reaching its peak at 4000 on March 11th, COINBASE:ETHUSD began to correct lower towards the 3000 zone, which is the next important level. Despite bearish attempts to push the price below this level over the past trading month, they have failed each time. The decline from the recent peak at 4000 is also confined within a falling wedge pattern, which...
May 6 2024 - Forecast ETH Actually not sure how this script I have will work on ETH but let's try her out.
A successful flip at 3125 triggers short-term EMA divergence as we look to continue past 200EMA. With 200EMA and 3210 close together we can expect a decent amount of resistance at this zone. The possibility of a smaller ascending pattern is in play which would drop us back to 3000. www.tradingview.com
if we break 3250 we should go up to test 3500. If we get a hard rejection we will go back to 2850 below that is a fast drop to 2500. I theorize a short squeeze may push bullish break out. This all forms a really large cup and handle that can push us upward of 5k
Purple Line: 50 days MA Green Line: 125 days MA Price touch Green line three times which provide strong support. Possible next development is going to test purple line for the 3rd time.
Used for a weekly newsletter. This is not TA. Tradingview why are you making me explain myself.
It seems that a symmetrical is forming, but after recent wave it will be more transparent, anyway, it needs time until the end of July.
ETH price action has been viewed as a signal for the rest of the altcoin market in past cycles. I just wanted to share the main weekly support levels, in case this correction continues. These black lines are the areas that we could likely see interest in Ethereum.
Following yesterday’s edition of ‘Confluence Watch’ on the EUR/USD, today’s attention shifts to the Digital Currency Space: Ethereum versus the US dollar (ETH/USD). According to the weekly timeframe, the major altcoin is down nearly -10.0% WTD and fast approaching an area of confluence (support) between $2,283 and $2,627. The support zone boasts several...
ETHUSD will probably reach for those lows since its reacting from a bearish Fair Value Gap. After it takes out those lows we can start to look for bullish confirmations on Lower Time Frames
After a good uptrend, we need some rest. There are two different scenarios. You need Ethereum for long term investment
This is not a financial advice. keep caution with high leverage Risk, there's a big chance that we will see ETH Heading towards 1100 USD in the coming Days Probably even lower.
A hard rejection at 200EMA sends ETH back below 3210 with current hold at D1 piercing (3125). Continue to hold above this zone to prevent EMAs from converging again. 3210 will be used as the close goal for upcoming D1. www.tradingview.com
This is the ETH/SOL chart If it can't reclaim this area it is going to continue lower and its over ETH looks like it wants to reverse against SOL though and if it does it could reclaim a lot of what it lost (52-60 range) Yes im saying if it doesn't go up it's going down, but I think this point is particularly important, especially considering the ETHBTC chart,...
Last week, three issuers obtained approval to launch spot Bitcoin and Ether ETFs by Hong Kong’s Securities and Futures Commission (SFC). These new funds will start trading on April 30, according to various sources, including 10x Research. The approval of the first spot ETH ETFs in the US next month does, however, seem unlikely. “Eerily quiet on spot eth ETFs…...