Ethereum position🤔I enter with this candle because it shows the strength of the buyers and I do not close below r5 in the direction of the trend and target. ⚠️Do capital management⚠️Longby parsa_xaUpdated 5
ETH Trade : Potential Upside with Imminent Spot ETF ApprovalThis week, ETH made a significant upward move, driven by expectations of an imminent ETH spot ETF approval. ETH is now attempting to break through the top of its range support, indicating potential for further upside. Trade Details: Entry: If the $3,700 level holds as support for the next few days, enter a long spot trade. Take Profit: First target: $4,100 - $4,350 Next resistance: $4,700 - $4,900 Stop Loss: Just below $3,600 Conclusion: This is a strategic entry point with promising upside potential if the $3,700 support level holds. Manage risk with a stop loss just below $3,600 and watch for resistance levels to take profits. #ETH #CryptoTrading #TechnicalAnalysis Longby Richtv_official1114
📈Ethereum: Awaiting ETF Approval📣🔍Let's dive into today's analysis. Today's focus is on ETH, which recently experienced a 28% pump in anticipation of the potential approval of an Ethereum ETF. As I mentioned in my previous analysis, breaking the $2964 level was crucial, and it provided a strong trigger for opening a position, leading to a 28% gain with a high risk-to-reward ratio. 📰Today, the final decision regarding the ETF is expected to be announced. If approved, Ethereum could see another pump, potentially surpassing the $4063 level and aiming for its all-time high (ATH) around $4600. However, if the ETF is not approved, Ethereum is likely to dump, possibly losing the $2880 support level amid market fear and excitement, which would be bad news for ETH holders. Personally, I believe the ETF is more likely to be approved, leading to another pump in Ethereum's chart. 🔔The announcement is just a few hours away. If you believe the ETF will be approved, I suggest moving to lower timeframes, finding a trigger based on your strategy, and opening a long position. Conversely, if you think the ETF will not be approved, you can apply the same approach for a short position. 📈Ignoring the ETF news and focusing purely on technicals, the RSI is significantly overbought, reaching as high as 89. This indicates high market excitement, and the RSI is now starting to come down but hasn't exited the overbought territory yet. There is a high probability of range-bound movement until the price meets the SMA25, potentially forming a box near $3798. After the SMA25 convergence, we might see renewed momentum. If the price breaks $3798 sooner, it would be even better as the resistance would be broken with more bullish momentum, allowing the price to move up more smoothly and with fewer candles. 🚀For long position targets, consider the $4063 resistance as the first target. If this resistance is surpassed, the next target would be the $4600 ATH. 📉For shorts, as long as the volume of red candles continues to decrease, I wouldn't consider shorting. To short, wait for the SMA25 to reach the candles, and if the bottom of the box breaks with increased selling volume, you could enter a risky short position. Given this would be against the primary market momentum, you should take profits quickly. 💣The main short position to watch for a complete trend reversal would be the break of the $2880 support level. 📝In conclusion, Ethereum is at a critical juncture with the potential ETF approval news imminent. If approved, we could see significant bullish movement towards and beyond $4063, aiming for the ATH around $4600. On the other hand, if not approved, Ethereum might experience a notable drop, potentially losing the $2880 support. From a technical perspective, watch the RSI and SMA25 interactions closely, and plan your trades based on the key levels and volume confirmations mentioned above. Always stay informed and be ready to adjust your strategy based on market developments.by itsparham96339
ETH - Deja Vu🦋Hello TradingView Family / Fellow Traders, For those who know me, I always enjoy studying previous price action. 📌Today, I want to share an interesting pattern I found on ETH. Back in Summer 2021, ETH experienced a parabolic bullish impulse (depicted in blue), followed by a correction (shown in purple) to reject the $3000 support before commencing another bullish impulse movement. If we apply the same logic to the current price action, ETH is currently in the correction phase, rejecting the $3000 support. Thus, I will be looking for buy setups on lower timeframes, speculating on the next bullish impulse movement. Of course, this pattern will be invalidated if the $3000 mark is broken downward. 🗒 What do you think? Will history repeat itself? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! And always remember: All Strategies Are Good; If Managed Properly! ~Richby TheSignalystUpdated 181847
🔥 Ethereum Bull-Flag Break Out!After months of bearish price action, Ethereum has finally broken out of a bull-flag pattern. The fact that we're up >10% on the break out is extremely bullish. I think this is the start of a prolonged bullish trend over the summer. First target placed at $5000.Longby FieryTrading28
Trust me, this analysis will make you more money!In order to know what the direction of the crypto market will be, we must go to Bitcoin first, but if it does not give us a clear analysis, we go to Ethereum. In this case, excellent Elliot wave behavior can be seen. Wave 3 arrived just at the point it had to reach, and so did wave 4. Right now wave 5 is developing, which tells us that it will reach the previous highs (approximately 4800 USD) Do not expect this route to be fast and strong, since we are talking about wave 5, which, unlike wave 3, usually occurs without force.by Trader-meknitordaUpdated 2
ETHEREUM ETF With the Ethereum ETF decision just days away, ETH has made a massive breakout play in an effort to front run a positive ETF outcome, the approval of VanEck and ArkInvest/ 21Shares ETH ETFs on the 23rd & 24th May respectively. In terms of price action and charting this is how I see it. Now that price has broken out from the downtrend and hit the Bearish OB as shown, I think many were caught of guard and expected any sort of volatility to come on the day of the decisions. Instead it seems many have decided to front run the decision and go long which opens up more challenges. I think ETH had priced in a rejection of the ETF at ~£3K , with how the SEC has viewed ETH and it's stance on insisting it's a security, Coinbase estimated a 30-40% chance of an approval last weekend. Now that price has risen almost as if we already have news of approval I think that should the ETF be denied we could fall straight back down to $3K area with support areas shown as targets on the chart. This would print a Bart Simpson style pattern and many Longs will be devastated. On the other hand, Bloomberg have said that the chances of approval has gone from 25% to 75% and the chart shows this new level of optimism. If the ETF is approved I could see ETH using this current level as a base to target new local highs and close the gap on BTC dominance. by ProR35Updated 4
#ETH #Ethereum 26/05/2024We stayed above the blue line and next target is red box. Breaking above this could lead to reaching 4188. Conversely, failing to surpass the red box may result in a pullback. Also, the large gap below is created by the breakout candle.by GambittsVan1
eth usdt to 52001st on the weekly time frame the Stoch's are low strong support at 3660 I would put my stop loss a little below front running the golden cross on the 12 hour time frame the ETF was approved gunner ride the hype bitcoin went up 90% after the 3 months or so I'm looking at the high time frames so this move is Gunna take some time once its touches the 21ma we should be good for a move god bless Longby jonathonbevell8721
Starlight Analysis Machine Learning Predictions: AI-based buy/sell signals. Cooldown Period: Ensures minimal noise and false signals. Advanced Visualizations: Clear and interactive 3D data maps and energy flow graphs. Performance Metrics: Accuracy: 81% Precision: 78% Recall: 81% F1 Score: 80% Backtesting Results: The backtesting Current Market Analysis: The latest prediction indicates a strong buy signal for ETHUSDT . This aligns with the observed upward trend and the positive momentum in the current market. Feel free to adjust the content as per your specific requirements and add the image links appropriately. Once you're happy with the content, you can publish it directly on TradingView. Hashtags: #Crypto #ETHUSDT #TradingStrategy #MachineLearning #TechnicalAnalysis #TradingView #AI #AlgorithmicTrading #CryptoTrading #Finance by StArLiGhT_20241
ETHUSD IDEARisk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you. Good luck!Longby BeryllusCrypto1
ETH ETF timeline1. ETH ETF priced in at 10% on Polymarket. ETHBTC hits record lows (I buy) 2. ETH ETF odds revised, leading to a large 1b OI increase and a 20% rise. Polymarket odds are between 50-60% here, (as Polymarket rules are unclear, and Polymarket deadline is May 31st.) 3. ETHBTC rallies further as people sell BTC for ETH 4. ETH ETF decision does not occur before the market close, causing a quick wick down. (I take profit on my ETH longs here) 5. The ETF is approved, leading to a small spike, followed by a selloff as news traders and traders like myself fully close the trade. I believe ETH will get 20% of the BTC flows, or around 6+ billion. However ETHE has around 2 million ETH that could potentially be unloaded. I think the amount of buying and selling will be similar for the first few months, similar to how GBTC played out. I will be looking to buy ETH if the risk / reward makes sense, or if the price is low enough it is less risky to long. Note: I rotate profits back into BTC, which is my preference in terms of risk adjusted return.by r900001
ETH Long Idea **Long Idea for Ethereum after the Approval of the ETF** **Description:** The approval of the Ethereum ETF is a significant catalyst for the cryptocurrency market, expected to bring increased liquidity and interest from institutional investors. Based on technical analysis and current economic conditions, Ethereum shows strong signs of an upward trend.Longby nkryan1
ETHUSD Short IDEARisk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you. Good luck!Shortby BeryllusCrypto2
Chart Elements and Key Observations of $ETH.Price Levels: Current Price: The current price of ETH is 3,817.20 USDT. Support Levels: The chart shows two key support levels: Around 3,795 USDT (marked by the blue dashed line). Around 3,762 USDT (marked by a solid black line). Resistance Levels: Around 3,914 USDT (marked by a solid black line). Trend Lines: Downward Channel: The price is moving within a descending channel, indicated by two black downward sloping lines. Volume: Volume bars at the bottom of the chart show trading activity. Recently, volume appears relatively low, indicating possibly less trading interest or a consolidation phase. Technical Indicators: MACD (Moving Average Convergence Divergence): The MACD line (blue) is crossing below the signal line (orange), which can be a bearish signal indicating downward momentum. RSI (Relative Strength Index): The RSI is at 46.40, which is close to neutral (50). RSI below 30 generally indicates an oversold condition, while RSI above 70 indicates an overbought condition. Currently, the RSI suggests neither overbought nor oversold conditions, but leaning slightly towards the lower end. Potential Scenarios: Bullish Scenario: If the price breaks above the upper trend line of the descending channel, it could indicate a reversal of the downward trend, potentially targeting the resistance level at 3,914 USDT. Bearish Scenario: If the price fails to hold the support at 3,795 USDT and further at 3,762 USDT, it could lead to a further decline, with potential next support levels at or below 3,719 USDT. Neutral/Consolidation: The price could continue to trade within the descending channel, oscillating between the support and resistance lines, indicating a consolidation phase until a clear breakout (upwards or downwards) occurs. Conclusion: The chart shows that Ethereum is currently in a descending channel with important support and resistance levels identified. Monitoring the breakouts from the channel and the behavior at support levels can provide clues about the next price direction. The technical indicators suggest slight bearish momentum but are close to neutral, indicating indecision in the market. by mehradharmi6001
ETHUSDT During this period Ethereum progressed according to my analysis I see a divergence in this range and the possibility that Ethereum will have a slight correction to the point I specified and continue its upward movement. I will update the chart if I see any changes. Let's see what happensLongby VistaMental2
ETH Long IdeaThis is a ETH long idea I have based on the measured move of the bull flag and some fib levels. I think that the ETF will help this idea succeed this year sometime for all three targets. I see that Stoc RSI is curved up as well after being reset . I know this is some basic ass TA- nothing to fancy, but if your a long term investor and believe in crypto long term you should be fine. Trade with extreme cation and risk management. As always practice and enjoy. -XRLongby Bullzeyez1
ETHUSD uppbreaking downtrend with impulsive move and formation of FVG .. so hunt buy opportunity 🐱🏍Longby Mustafa_Abdel_Hadii2
Ethereum in Bull FlagEthereum in Bull Flag You can clearly see Ethereum is in a bull flag and with the dump yesterday, the price has retested the support of the flag.by ImThourUpdated 116
Analysis of the ETH/USDT ChartOverview The charts show the price movement of Ethereum (ETH) against Tether (USDT) with key support and resistance levels highlighted. Key Levels 1. Monthly Support and Resistance (Red) - Resistance: - 4868.00 USDT: The highest significant resistance level on a monthly scale. - Support: - 1440.00 USDT: A crucial monthly support level. - 881.56 USDT: Another significant monthly support level. - 366.80 USDT: A lower monthly support level. 2. Weekly Support and Resistance (Orange) - Resistance: - 4372.72 USDT: A higher weekly resistance level above the current price. - 4027.88 USDT: A significant weekly resistance. - 3730.71 USDT: Currently tested weekly resistance. - Support: - 3580.34 USDT: A lower weekly support level. - 3202.79 USDT: Another strong weekly support level. - 2852.00 USDT: A significant weekly support level. - 2652.00 USDT: Lower weekly support level indicating a strong base. - 2141.54 USDT: Another important weekly support level. - 1728.74 USDT: A lower weekly support level. - 1531.01 USDT: Another significant weekly support level. 3. Daily Support (Yellow) - Support: - 2852.00 USDT: A daily support level. - 2652.00 USDT: Another lower daily support level indicating a strong base. Moving Averages - 200-day Simple Moving Average (SMA) at 2779.12 USDT: Indicates the overall long-term trend. - 50-day Simple Moving Average (SMA) at 3189.87 USDT: Represents the medium-term trend. Trend Analysis - Upward Movement: The recent price action shows a strong upward movement breaking through several resistance levels. - Consolidation: The price previously consolidated within the range of 2852.00 USDT to 3202.79 USDT, building a base for the recent breakout. Recent Price Action - Current Price: Approximately 3769.65 USDT. - Last Month's Movement: - Bullish Momentum: Over the past month, Ethereum has shown significant bullish momentum, moving from around 2852.00 USDT to its current level. - Breakout: The price broke out from the consolidation range, moving past key resistance levels at 3202.79 USDT and 3580.34 USDT. Potential Scenarios Bullish Scenario: 1. Sustained Breakout: - If the price holds above 3730.71 USDT, it could indicate a continuation of the bullish trend. - The next targets could be the weekly resistance level at 4027.88 USDT and potentially the higher level at 4372.72 USDT. 2. Support Retest: - The price may retest the recent breakout level at 3730.71 USDT or the support at 3580.34 USDT before continuing upwards. - Successful retest and bounce would confirm bullish strength. Bearish Scenario: Failure to Hold 3730.71 USDT: - If the price fails to hold above this level, it could indicate a potential pullback. - The price might drop to test the support levels at 3580.34 USDT and 3202.79 USDT. Break Below Support: - If the price falls below the support levels, the next targets would be the lower support at 2852.00 USDT and potentially the 200-day SMA at 2779.12 USDT. Conclusion For the upcoming weeks, monitoring the 3730.71 USDT level will be crucial. A sustained breakout above this level could indicate further bullish momentum with potential targets at the higher weekly resistance levels. Conversely, failure to hold this resistance could lead to a pullback towards the mentioned support levels. The recent upward breakout suggests a strong bullish trend, but caution is advised around key support and resistance levels. Longby TrendSurfersSignals1
ETH Long SetupPerfect Bull Flag By Clear ABC Structure Formed At Low Timeframe And The Price Bounced From The 3650$ Area As a Wave C PRZ, Expect a Legup To the 3900$ As a Short Term Target Longby Bullish_TradersUpdated 5
ETH longEthereum broke through the long-term resistance level on the daily chart. Bullish trend is expected to continue and reach $4100Longby Cryptobees_buzz116