ETH 1DCRYPTOCAP:ETH Looks much better than CRYPTOCAP:BTC now. I'd target for 4520 easily.Longby GoldenTrades_6
ETH Analysis:Comprehensive Review Across Different Time Frames🔍 Let's dive into today's analysis. Today, I want to thoroughly analyze Ethereum to provide a complete overview of the potential scenarios ahead. Bitcoin Analysis 📉 First, let's take a look at Bitcoin. In the 4-hour timeframe, we found support at 64429. After breaking the high of 65389, we set a higher low in this timeframe. From a Dow Theory perspective, we are seeing the first signs of a trend reversal. If we set another higher high and higher low, we can confirm an upward trend. 📈 An important aspect of this trend change is that buying volume needs to enter the market. As you can see, the green candle volume is gradually increasing. We now need price confirmation for an early long position entry. Dow Theory confirmation can be a good trigger, but if the price doesn't correct, candle confirmation above 66719 can serve as a suitable long trigger. RSI has also given its confirmation by breaking 50.91. 📉 For short positions, confirming a candle below 64429 remains a strong trigger. Given the current downward momentum, there's no need to complicate things unnecessarily. Simply confirming a candle below this support is sufficient for a short position, with RSI breaking below 32.53 providing additional confirmation. ⚠️ Remember, we are in a large range box. When the high wave cycle (HWC) is in a range, we shouldn't expect our positions to yield significant profits or for the market to move sharply and hit our targets. ### Ethereum Analysis 🔍 Now let's move on to our main focus, Ethereum (ETH). Weekly Time Frame 📅 Starting with the weekly timeframe. Alongside Bitcoin's rise from 25k to 74k, Ethereum also climbed from its 1500 support, coinciding with a curved trendline, up to 4k. It formed a significant resistance at 3873 and then began correcting, reaching around the 0.382 Fibonacci retracement level, finding support at 2922. 📈 A major catalyst for Ethereum's support at this level was the announcement of the approval of an Ethereum ETF, which generated considerable hype. As a result, since that day, everyone has been waiting for the ETF's launch date. This has created significant bullish sentiment around Ethereum. By analyzing the total2 to total3 ratio, Bitcoin, and Tether dominance, we can infer that money flow is shifting towards Ethereum, likely because traders and whales believe that buying before the ETF launch will be profitable in the future. Technically, we can see that it reached the 0.382 Fibonacci level, and as selling volume decreased and the SMA25 intersected the price, a new upward momentum began. In my opinion, a combination of technical factors and the ETF news has created significant hype for Ethereum. 💸 For spot buying in the daily timeframe, it's better explained, but if you buy only in the weekly timeframe, you should wait for a break above 3873. Breaking the 70 level in RSI can provide additional confirmation for your buy. 📉 If the 2922 support, which aligns with the 0.382 level, breaks, we could move towards the golden zone of Fibonacci, between the 0.5 and 0.618 levels, with a target around 2200. Ethereum to Bitcoin Price Ratio 📉 Next, let's analyze ETH/BTC, which shows the price ratio of Ethereum to Bitcoin, helping us understand the money flow direction. Since mid-2022, Ethereum's price relative to Bitcoin has been declining. This doesn't mean Ethereum's price dropped, but rather that Bitcoin's price increased more significantly. 📈 After reaching the Demand zone, this chart made a fake breakout below this zone and returned to it, reaching its descending trendline. With the current hype and money flow into Ethereum, we expect this trendline to finally break. After breaking the trendline, the next obstacle is the SMA99. If Ethereum clears these hurdles, it could see a 56% increase relative to Bitcoin. If Bitcoin also trends upward during this period, Ethereum could experience significant growth in the ETH/USDT chart. 📉 If Ethereum continues to decline relative to Bitcoin, the next target could be 0.04307. Daily Time Frame 📅 Moving to the daily timeframe. In addition to the weekly Fibonacci, we can draw another Fibonacci on this timeframe. The 0.618 level of this Fibonacci overlaps with the 0.382 weekly Fibonacci, creating a significant support at 2873. After breaking the trendline discussed in previous analyses and the ETF approval news, Ethereum made an upward move. 📉 Currently, it has reached resistance at 3894 and is correcting, forming a range between 3457 and 3642. Breaking either of these levels could move the price to the bottom or top of the range. 📈 For spot buying, breaking 3642 is risky; the main resistance is 3894. Breaking either of these levels allows you to buy. RSI can also assist in spot buying; breaking 52.04 allows buying after price confirmation. For shorting in a market downturn, 42.84 is a suitable trigger. For futures positions, let's look at the 4-hour timeframe. 📉 In this timeframe, the price, after reaching the 0.618 Fibonacci level, created a range between 0.618 and 0.382, visible in the daily timeframe as well. 📈 We have two main triggers for long and short positions. The main long trigger is breaking 3629, with RSI breaking 61.57 for additional confirmation. For short positions, breaking 3402 is ideal. Use these triggers for opening positions. The target for long positions is 3875, and for short positions, it's 3185. 📉 If you want to open a short position earlier, confirming a candle below 3522 allows a low-risk short entry. This is happening now, and if the candle confirms below this level, you can enter a low-risk short position, but the target will be 3402, not 3185. ⚠️ The most crucial point in most analyses is that volume must confirm the trend. Always remember this to filter out and identify fake moves. 📝Ethereum's price movements are currently influenced by a mix of technical levels and fundamental news, particularly the upcoming ETF. Monitoring key support and resistance levels in different timeframes, along with volume and RSI confirmations, is essential for making informed trading decisions. Keep an eye on market trends and news updates to adapt your strategy accordingly. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.by itsparham96114
ETH Update 4HAs you can see, we are currently below a main pivot point. This often leads to a pullback to the broken support before potentially moving down again. Divergence is occurring on the 4-hour chart. 📉 We're opening our short setup here at this critical pivot point—it's a key level worth trading. We always use proper risk management and know where to set our stops to protect our investments. ✅Shortby Lamassu_TradeUpdated 6
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ETH setup in the choppy marketlet us see where the ETH will go in this choppy market. to the moon or to the bone? wish me luck!Longby riansyahpgUpdated 3
WHY ETHUSDT MIGHT HIT $5,000 ABOVE After Ethurem has broken out of 10weeks consolidation it’s making a correction move, We might see a pullback into that demand area before we see another pump to the upside take profit should be at $4,000 - 500 if those key resistance levels are broken then #ETHUSDT might form another all time high Longby Money_Pips2
Eth Short Squeeze to $3560 eta 1-2 hrs.Am waiting for Eth to correct a bit to $3500 psychological level then show signs of strong buying interest. This will be a breakout of 1hr and 4hr trend back to the upside. Price already failed to make a new lower low and pushed up strongly with a strong engulfing candle with volume on the 1hr tf- that's potential new higher low. Target is daily resistance area around $3560 I expect a fast aggressive short squeeze breakout as many people have been shorting above near by resistance including the current correction high on 15 min tf, a trigger of their stoploss will convert to instant buy orders providing fuel for price to slingshot higher into other near by stop and repeat the process until we reach potential sell wall at 3560 area where I expect price to correct again back down to $3515 area, taking out fomo longs while searching for new potential higher low. There's also inverse head and shoulder confluence on the 1hr tf. Setup invalidated if price close below $3474Longby FilnftUpdated 2
ETH-1Hit seems that eth wants to break previous high to encourage to inducing fomo and then it may get down...Longby kmb_traderUpdated 2
ETH 4H long📉 BUY: ETHUSDT (Futures) 📌 Entry Point: market price (3496) ⛔️ Stop-Loss: 3340 (4.5%) 🎯 Take-Profit #1: 3634 (3.9%) 🎯 Take-Profit #2: 3784 (8.2%) 🎯 Take-Profit #3: 3954 (13.1%) Longby GoldenTrades_3
Crypto_Monitor next target 24/6/24 @ 09:00 GMTfrom my application crypto monitor possible targets for buyers : from 3300 to 3350 possible targets for sellers : from 3400 to 3460Shortby dimalahbal2
ETHUSDT Short Position (June 22)Hello my friends. In the 1-hour time frame, Ethereum has formed a suitable short stop that you can enter with confirmationShortby SDQ_Crypto3
ETHUSDT (June 22)Hello my friends. Ethereum is approaching the bottom of the long-term channel from where it can move towards the historical price ceilingLongby SDQ_Crypto3
Playing at a HVAHello traders, I'm well aware that this long is still higher in risk. Just because we didn't take out the lows with full price-action. However, the positioning is good and I'm playing the continuation. I can take the risk and otherwise I'll look for a re-entry. by Jappie241
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ETH short squeeze still possibleMight still get eth short squeeze , see prior pin post. Invalidation was candle close below 3474 but it didn't happen. Thought I saw 30 min engulf with volume and that shifted my bias a bit o the downside consider we were already below support. Watching price a bit now with long ready just in case. Will update when I enter 2.5-3,4 RR setupLongby FilnftUpdated 1
Ethereum (ETH): 2 Fakeout Moves = Potential Breakdown MovementEthereum has been struggling to breakout from the local resistance zone, where the price has formed a nice two-fakeout zone, which can also be seen as a double-top pattern. Now that we are looking for further movement below that resistance zone, we will be keeping an eye on the neckline zone, which we will touch once we see a full breakdown from that resistance zone! Swallow Team Shortby SwallowPremiumUpdated 223
Eth short back to $3400Prior eth long scenario got invalidated. Now I think the price will continue to trend lower after seeing strong selling pressure coming in and rejection of higher prices above 3500 area. Daily,4hr,1hr and 30 min tf trending down. Target is next main support at $3400 area.Shortby Filnft1
ETH - UpdateOur box didn't hold, we swept the previous low and are currently grinding down again. The market is looking horrendous overall: we have 2 big spot buying twaps going on on BTC, while price keeps grinding down. Obviously that takes the entire market down as well, so it's impossible for ETH to catch a decent bid here. Since it seems to react well off EMAs recently, I used these to give a general outlook about where we are and what 'working ranges' we might expect going forward. I'm slowly positioning long on ETH through longer dated calls (from end of July through end of year). The expectation is to DCA in here and sell a big portion on the first big IV spike. You can expect IV to go up into the event and come down after, so since I'm banking on IV to offset time decay and not really hoping on significantly higher prices, I need to be out before the actual event, because it reduces uncertainty and therefor should decrease implied volatility (IV), which has a big impact on options pricing.by Tealstreet1
Check for support in the 2nd sectionHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (ETHUSDT 1M chart) The key is whether it can receive support near the Fibonacci ratio point of 0.618 (3548.07) and rise above the upper point of the HA-High indicator box on the 1M chart. If the price is maintained above the HA-High indicator, I think there is a high possibility of a full-fledged upward trend. Therefore, it is expected that a full-fledged upward trend will begin only when the price is maintained above the 3321.30 point, which is the HA-High indicator point on the 1M chart. If not, and it falls, you should check for support around 0.382 (2647.80). (1W chart) It has touched the psychological volume profile zone and is rising. The key is whether it can receive support in the 3503.68-3730.71 range and rise above 4093.92. If not, and it falls, you should check for support around 3025.27-3321.30. If the price maintains above 4093.92, it is expected to rise to around 4868.0. (1D chart) It should rise to the HA-High indicator box section (3570.0-4010.98) on the 1D chart. Accordingly, the key is whether it can receive support around 3570.0 and rise above 3903.61-4010.98. If the price is maintained above 3903.61-4010.98, a full-fledged upward trend is expected to begin. The 3025.27-3321.30 section is the HA-High indicator section of the 1M and 1W charts, so it is an important section. Since the price broke above this important zone with a sharp increase, if the price holds above 3025.27-3321.30, it is expected to renew the latest previous high. --------------------------------------------- (1D chart) Please refer to the HA-Low and HA-High indicators used to initiate trading and the BW indicator to verify them. We need to check if we can receive support around the current secondary range, that is, the 3570.0-3730.71 range. If you were unable to buy around 2817.0-3025.27, I think it would be a good idea to check for support in the 3903.61-4093.92 range and proceed with buying. The reason is that the HA-High indicator was created and a high point was formed. Therefore, the HA-High indicator point at 3903.61 can become a resistance point. From a day trading perspective, if support is confirmed around 3570.0, you can buy and sell around 3903.61. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 ----------------- by readCryptoUpdated 14
ETH, recent pump barely scratching the surface MASSIVE MOVE NEXT ETH recent pump was an indication of things to come -- good things. The coin went from 1700 to 1900 within 72 hours -- indicating that a longer shifting trend is about to materialize. Based on recent news, low supply of ETH is being detected on most exchanges depicting a bullish scenario for the coin. On weekly data, new higher lows was created both on Histogram and pricing -- conveying the recent ascend with the current price range to be the new base for the incoming significant price growth. Weekly data price movement volatility has been on the conservative side hinting that for every higher low it established -- it is creating a solid support range. On Tri monthly data -- it is hinting of the same bullish continuation scenario. Surging price valuation on longer time spectrum. A bubble up volume has finally appeared after 5 months of waiting, last one was on January 2023. Expect significant price valuation for ETH in the next coming weeks. The weekly chart is too clean, direction is certain -- no further explanation needed. Spotted at 1850. TAYOR Safeguard capital alwaysLongby JSALUpdated 4428
Summer BreakoutETH weekly chart is tightening up as we approach the ETH ETF approval that is estimated to be July 2. Last time we based under ATHs (left side of chart), altcoins got wrecked similar to today, but what came next was the start of some wild moves in the crypto market. Head up, time to focus.Longby ZenTradesRW2
This is ready to explode How high can this go? (IMO, Target = $ 10k) Wave degree: Primary: Wave 5 (larger degree), Intermediate: Wave 3, minor: Wave 3 (Impulsive rally), Longby BTC-XLMUpdated 252572
#ETH head and shoulders structure is not established📊#ETH head and shoulders structure is not established❌ 🧠Although we broke through the downward trend line, we still chose to fall in the end. The expectation of the bullish head and shoulders structure also failed, so the long orders we made based on this expectation were triggered to stop loss. Although it has fallen below the low again, we are currently in the buying zone. I will not chase shorts in this zone. Even if I want to go short, I have to wait for a rebound to occur before considering it. ➡️If we continue to fall, then we can just wait in the support area below. ☕️ Let’s see 👀 ⚠️Don’t forget risk management⚠️ ✔️Trade Security✔️ 🤜If you like my analysis, please like 💖 and share 💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:ETHUSDT.P Shortby wolf_king8881