ETH analysisETH is currently holding the support zone, which indicates a positive trend. There may be some rally before the next move up. If you missed the entry earlier, open a long position in the support zone. Support zone: $3,640-$3,720 Resistance zone: $3950-4000by babyrichcryptoUpdated 1
ETHUSDTUpdate on our trade yesterday on #ETH If you like these types of setup Follow and share! 00:45by XTradeSetup1
Action with volume profile combine market structureCombine volume profile and Market structure In this video I clearly define the concepts Volume Profile will give you price ranges In the price zones there are price keys (key levels). and read the price map, from there create a trade plan01:00:00by Dc7170
Eth chart analysis weekly trendEth chart analysis weekly trend Eth looks week and in downtrend in weekly chart i hope soon we will revisit 2950 again to support level DIYOR by MehranSwingTraders0
Eth Long IdeaAfter ETF Short a good idea for a long position on Eth is at the Golden pocket of Fib Confirmations: 4H,1H,24Min MarketCipher Bullish Divergence + MoneyFlow DivergenceLongby nkryan1
ETH/USDT Trend Analysis for June 2024Date: June 11, 2024 Based on recent data and analysis, the trend for ETH/USDT during June 2024 can be summarized as follows: Current Price and Movement: The current price of ETH is approximately 3,492 USDT (Coinbase) (TradingView). Over the past week, the price has decreased by around 7%, while the monthly performance shows a 15-20% increase from around 2,930 USDT (Coinbase) (CoinGecko). Support and Resistance Levels: Support Levels: Key support levels are identified at 3,580 USDT and 3,202 USDT, with lower supports at 2,852 USDT and 2,652 USDT (Trend Surfers). Resistance Levels: Significant resistance levels are at 3,730 USDT, 4,027 USDT, and potentially up to 4,372 USDT if the bullish trend continues (Trend Surfers). Trend Direction: Sideways/Upward Movement: The current trend is showing a mix of sideways and potential upward movement. While there has been some selling pressure, the price has managed to hold above key support levels, indicating that bulls still have some control (TradingView) (Trend Surfers). Potential for Continuation: If the price maintains above the 3,730 USDT level, it could continue to rise towards higher resistance levels. Conversely, if it fails to hold, there might be a retest of lower support levels around 3,580 USDT and 3,202 USDT (Trend Surfers). Market Sentiment and Indicators: Moving Averages: The 21-day and 55-day EMAs are currently supportive, indicating bullish sentiment in the medium term (TradingView). Trading Volume: The trading volume remains robust, indicating active market participation which supports the potential for continued volatility and movement within the current trend range (Coinbase) (TradingView). Overall, for June 2024, ETH/USDT is exhibiting a sideways to slightly upward trend, with critical levels to watch around 3,730 USDT for resistance and 3,580 USDT for support. The market shows potential for both upward continuation if support levels hold or a pullback if resistance proves too strong.Longby maayyash1
ETH DIVERGENCE We are pleased to inform you that a bearish divergence has been identified in the ETHUSDT pair on the 1-week timeframe. This pattern could indicate a potential downtrend in the near future. We recommend all traders and enthusiasts to stay vigilant and consider this information in their analysis and trading strategies. We hope our contribution is helpful and continues to support your decisions in the crypto market. Happy investing and let's keep growing together!Shortby HunTradeio0
Ethereum 5-day double-layer Fibonacci blueprintEthereum 5-day double Fibonacci blueprint, the main short-term target price is at the green and white Fibonacci prices below, and the main long-term target is at the green and white Fibonacci prices above. Both rises and falls are in this chart. Do not look at a single direction, but use the green and white line prices according to different market conditions.by ZhongBenCong0011
Bitcoin 5-day double Fibonacci blueprintBitcoin 5-day double Fibonacci blueprint, the main short-term target price is at the green and white Fibonacci price levels below, and the main long-term target is at the green and white Fibonacci price levels above. Both rises and falls are in this chart. Instead of looking at a single direction, the green and white line prices are used according to different market conditions.by ZhongBenCong0011
ETH priceThe second largest cryptocurrency, Ethereum (ETH) witnessed a slight decline and dragged below its key support zone of $3700. by TheCoinRepublic0
ETH USDTMassive resistance red line POC. Support at 0.5. I kind of know how I got there. Has to do with previous post on Volume Profile BTC USDT. Fun working it out and you have yourself to blame if it doesnt. :)by hmaroudas0
ETH breaking out of the triangleAfter a big pump, ETH is forming a triangle on 4H, I am waiting for the confirmation of the break to the upside, with a target of 3950$Longby RaulStejerean0
ETH - Ranges overview Here is a quick look at ETH. Not much happening in crypto lately in my opinion. If you've been in the crypto market for long enough and have experienced more than 1 halving and/or cycle you already know what's happening. We are simply in an accumulation phase and trading within 'tight' ranges on most assets until we 'breakout' either to the buyside or sellside. IF we hold the current HTF FVG (yellow box) expect ETH to continue higher towards 4000$ IF we fail to hold and close below 3700$ expect us to hunt the sellside liquidity resting around 3500$ No need to front run the market...let it come to you. Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.by Patrick27070
ETH - LongDetails on the chart. A thought/idea. Good strong resistance was broken and now lets see as BTC is doing higher highs, this might follow the trend too.Longby g_lallyUpdated 0
Ethereum ETH weekly large head and shoulders pattern channelEthereum ETH weekly large head and shoulders pattern channel, head and shoulders pattern white line: June 2021 is the left shoulder, June 2022 is the head and shoulders, and the right shoulder is expected to appear in 2024. It can be formed by falling back and stepping back to the price near June 2021. Pink channel line: It is the top price resistance line above the long line and also the short-term support line. The green channel line is the bottom price of the decline. There are three color lines. If any color line fails, the other two lines will be valid. It mainly depends on the direction of the white line, and the pink and green channels are auxiliary.by ZhongBenCong0011
Ethereum (ETH)After huge pumps in crypto market we will have a little correction Ethereum price today is $1.6k with a 24-hour trading volume of 14.4 billion dollars on June we had a crazy Volume for eth and whales buys the dip which is a very good sign for eth price in future Eth under 1k is a most buy and 1k-2k is a dip for eth, as you can see in weekly time frame eth trys to make a W pattern an bulls try to back at 1900$ 2000, 2500, 3500 and 4500$ are the most important resistance for Eth and huge opportunity for scalper traders Longby moonyptoUpdated 6616
Ethereum | Sharks stockpile over $6 Billion in EthData from cryptocurrency analytics platform Santiment has revealed that so called ‘Shark’ addresses on the Ethereum blockchain have over the past year stockpiled over $6.2 billion worth of the second-largest digital currency by market capitalization.these addresses are defined as those holding between 10 and 10,000 ETH, or between $17,500 or $17.5 million worth of the cryptocurrency, and their supply has grown by 554,000 ETH in the past week, according to the platform’s data. Meanwhile, however, while ETH sharks have been accumulating heavily, whales on the network have “collectively dumped 9.4 million in the same timeframe.” These whales are defined as addresses holding between 10,000 and 10 million ETH, meaning from $17.5 million to $17.5 billion worth of the cryptocurrency. crypto forums are paying close attention to the various banking crises occurring globally. The company notes that “laws and policies going forward may have a dramatic impact on the trajectory of cryptocurrency”. Notably, Ethereum is set to undergo its highly-anticipated Shanghai-Capella upgrade, often referred to as Shapella, upgrade on April 12. The upgrade includes one key feature, with Ethereum Improvement Proposal, EIP 4895 will allow for withdrawals of staked Ether on the network, a functionality that wasn’t implemented when the network merged with the Beacon Chain and transitioned to a Proof-of-Stake consensus.the upgrade will also feature three other improvements aimed at optimizing gas costs for certain activities. The upgrade is set to take place on April 12 at epoch number 620,9536. Shapella is coming after multiple phases of public testing on three testnets, including Sepolia, Zhejiang, and Goerli. The upgrade was earlier this week deployed on the Goerli testnet as a final rehearsal ahead of the mainnet launch. The price of Ethereum is $1,820 today with a 24hour trading volume of 14 billion dollar. This represents a 5% price increase in the last 24 hours and a 27% price increase in the past 7 days next targets are 1830, 1840 and 1850$Longby moonyptoUpdated 4421
Thoughts on ETH and the upcoming ETFsI believe the spot ETFs are bullish for ETH long term. However, there is approximately 3 million ETH owned by Grayscale, which may be unwinded as the spot ETFs go live. I plotted the Grayscale ETH balances similar to how I plotted the spot BTC ETF balances. I forecasted that the spot BTC balances would stabilize around 300k, which I got by removing all active BTC purchases during the bull run. My thinking was that these active purchases may be due to a buy BTC, short perps-> redeem for GBTC after 6 months (which has a premium) -> dump GBTC, close perps trade. This trade was taken for ETHE as well. Unfortunately, the premium became a discount, people who took this arb trade in size lost a lot of money. You can see that Grayscale ETH and BTC stopped increasing as the GBTC and ETHE premiums became discounts, suggesting this may have been the case. My forecast ended up being correct, as the Grayscale balances declined from 600k to 300k, in which outflows began to slow significantly. The same method of forecasting reveals that there may be upwards of 2.4 million ETH that will be unwinded. If the ETH ETFs generate around 20% of the interest the spot BTC ETFs have gathered (which is based on calculating the Hong Kong and Canadian ETH ETF ratios, that is approximately 6+ billion USD of inflows into 9 billion dollars of outflows in the same period. Therefore, while I believe ETH will appreciate in USD terms, I prefer to long Bitcoin in terms of risk adjusted returns. Also, over a long time horizon, I believe ETH is more easily replaceable. This idea is still a long though. ETH is most likely going to go up as BTC goes up. Into the ETFs, it may outperform. I would not be shorting ETHBTC and I would not be shorting ETH. I will simply long BTC over ETH. (I unwinded by ETH long and used it to add to my BTC position)Longby r900000
$ETHChart definitely looks way more bullish then BTC Currently consolidating above support. To be honest not really got a clear read on this would be looking for maybe a move into $3,630's for a long. Its a chart I'd rather look at once a move has happened.by Ryn81110
ETH wait for 3000 for buy/longCMP the price at eth is going side ways incase the price starts making lower low and lower high on daily time frame, then follow the structure and wait for change of trend at the zone of 3000 where we have a order block and we can if we see impulsive move towards it will be target for 4250Longby Jimmy_Rebello0
ETH: Approaching SupportTrade setup : Price is in an Uptrend. Following a bullish breakout from a Descending Triangle pattern, price spiked up 25% and reached our near-term target of $4K. However, it got overbought (RSI ~ 70) and is pulling back on some profit taking. Now we look for the right entry opportunity in Uptrend. We wait for price to either 1) break above $4K to signal continuation of uptrend, with +17% upside potential to its ATH of $4,700, or 2) pull back near $3,200 support for another swing trade entry in Uptrend with upside potential back to $4K. Learn to trade chart patterns in Lesson 8 and set Stop Loss levels in Lesson 9. Pattern : Price is Approaching Support , which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level. Learn to trade key levels in Lesson 7. Trend : Short-term trend is Up, Medium-term trend is Strong Up and Long-term trend is Up. Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $3,200.00, then $2,930.00. Nearest Resistance Zone is $4,000.00, then $4,800.00.Longby altFINS1
Quick Bitcoin Update - 31 May 2024Hello Traders, Checkout the latest update on Bitcoin and Eth. Still trading in range and we might see small liquidationsLong06:05by cryptoblast86-10
ETH Poised for Post-ETF Approval Pullback: Short to 3.2k ZoneEthereum surged over 30% in anticipation of its much-awaited ETF approval, but the excitement may be short-lived. As traders who missed the initial rally eye the $2.9k to $3.2k support zone, a pullback seems likely. With ETH currently trading around $3.8k, a short trade to this support area presents an attractive opportunity. Technical Analysis: Visible Range Volume Profile (VRVP): The VRVP indicates a significant volume zone at $3k, suggesting strong support at this level. Average Directional Index (ADX): The ADX, a momentum indicator, is losing strength, signaling a weakening trend. Proposed Short Trade: Entry Price: 3.8k zone USDT Take Profit: 3k zone USDT Stop Loss: 4.110 USDT Rationale: The post-ETF approval euphoria is likely to fade, leading to a price correction. The $2.9k to $3.2k zone represents a strong support area, as evidenced by the VRVP. The weakening ADX suggests a loss of momentum in the uptrend. Risk-to-Reward Ratio: The potential risk-to-reward ratio for this trade is approximately 3:1, implying a potential 3% profit for every 1% risk.Shortby alorse7