Eth ready for $6k/ should we long now?Will be looking to long Eth from 3525$ 3380$ These levels have my interest to go long on Eth and Sl will at $3k or below it at 2950$ ●Long targets will be previous bull run ATH and $6k. ●Once Eth reaches these levels I'll be looking for confirmation in LTF.Longby Camouflage89110
ETH ETFs approved = sell the newsGuys I know what you're thinking which is probably "yeeeeah, ETH ETFs are finally approved, ETH to the moon" but as I said back when BTC ETFs got approved, this won't be the case, at least not right away! I expect a "sell the news" event because this is just another news after all! As you can see here (circled drop), the days who followed BTC approval price dropped around 17%, probably in this case it could be more. I suggest not to touch ETH now until the euphoric moment disappears and we see where we are headed. Good luckShortby Shotokhan113
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 - Liq Hunt before ETF?ETH just had over an 8% liquidation hunt to the downside. The chart on the left shows the zoomed out daily (with our two important trendlines) and the chart on the right is a zoomed in 2H chart showcasing the firesale wick we just printed. This happened exactly as the clock struck 3:00 CT, so maybe it was news related, but I have not found anything yet. What I do find interesting is the wick went EXCATLY to our trendline to retest it as old resistance flipped into new support. This has been a trendline we have been watching and was outlined previously in this post. So far the selloff was eaten up very quickly and we are almost back to the same level where the dump started. Therefore, was this just a liquidation hunt to wipe out overleveraged longs before some sort of approval? by VIAQUANT112
Second big shot of ETHETH can have second big shot if it complete triangle pattern with breaking up.Longby KBG86Updated 9
ETH ETF Approval Could Spur 60% Rally as ETH Buying IncreasesThe approval of spot ether exchange-traded funds (ETF) in the U.S. could lead to a significant rise in the token's value, mirroring the market reaction seen with bitcoin ETFs. Bitcoin rose to over $73,000 from $42,000 in the two weeks after the ETF started trading on Jan. 11, CoinGecko data shows. The decision on the ether ETF is expected soon, with significant buying activity observed on both centralized and blockchain-based exchanges. Buying activity increased on both centralized and blockchain-based crypto exchanges, with holders buying over 100,000 CRYPTOCAP:ETH in spot markets on Tuesday, the highest daily level since September 2023. Open interest on ether-tracked futures spiked in tandem to a record $14 billion, 67% of bitcoin open interest as of Wednesday. Activity also increased at the Chicago Mercantile Exchange, an exchange favored by institutions, with ether futures hitting a record notional $2.85 billion of trading on Tuesday. Ether options traded a record 1,135 contracts ($216 million). Ether ( CRYPTOCAP:ETH ) prices in the coming days could be volatile after investors sent 62,000 CRYPTOCAP:ETH to exchanges, the most since early March. However, the firm's analysts warned of a "significant price correction" should the ETF application be dismissed. Six issuers, including BlackRock, filed updated copies of their ether ETF proposals this week ahead of a decision due today. All removed plans to stake the token, suggesting the activity may have been a regulatory roadblock.Longby DEXWireNews117
$ETH bearish diverge continuesThe bearish divergence on #Ethusd #ethereum chart (both RSI and MACD divergence) i' ve been watching has not been invalidated yet. With the #eth ETF news today, all will be clear. Best to watch and avoid high leverage margin gamble. Not financial advice.by naphyse112
ETH let's goETHUSDT: Ethereum is returning to its uptrend. If this trend breaks and returns to the ascending triangle We will have a very good upward movementLongby TrendShot6
LONGETHUSDTAccording to the growth that Ethereum had in recent days, according to the line I drew, it should correct a little and then continue on its upward path. The correction can reach the prices of 3573,3496 AND 3400, each of these points with capital management can be a good position to go long and add Ethereum to our assets.Longby VistaMentalUpdated 446
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: did bulls win or should we stay cautious?I like these setups where volume, EMAs and price structure come together: - defending the 2900 lows with good volume - EMA compression led to a break-out to the upside - Daily structure is still downward, but we are seeing some constructive price action on lower timeframes I'm a bit cautious, would have like to see some of those lows swept, but on the other hand it's quite bullish that it got frontran. Also, I would have like to see a more impulsive move away from the EMA after breaking up from the compression and would rather see a move soon towards 3300. After that, it's okay if we retest the current area, but 1 or 2 daily closes above 3300 would make me target 3500, where bulls might face a tougher challenge. Usually I don't care much about FA or narrative, but this pair has been beaten down so much while BTC and SOL stole the show, that it's becoming interesting. ETF approval would probably causes some impulses up, purely because how bad sentiment is around ETH at the moment. ETF rejection feels priced in at this point, so even with that outcome I'm not sure if there are many sellers left to sell at this point. With added bonus that Grayscale clients won't be able to sell at NAV for the time being. At this time, ETHE is still trading at a 20% discount to ETH. Overall market trend, especially BTC, will always have an influence, but I'm cautiously bullish on ETH at least catching a bid relative to the rest of the market at this point.by TealstreetUpdated 3
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 double bottom target achieved, be wary of callbacks⚠️📊#ETH double bottom target achieved, be wary of callbacks⚠️ 🧠We followed the daily-level double bottom long structure and broke through the short defense point after skyrocketing. This means that the double top short structure was destroyed, which means that this period of correction is over. Combined with the general trend, it is a bull trend, so we have a view on the future trend. It's going to be very optimistic. ➡️Although it is an optimistic attitude, we are currently in the daily-level selling zone. I will not chase the increase under the selling pressure, so we have locked all the profits from the long orders in our own pockets very early. ➡️If we choose to continue rising, then we will use the ETH spot purchased in the daily level buy zone to look forward to more.☕️🙏🎯 👀From a structural point of view, the breakthrough of the short defense point means that it will be sooner or later for us to break through the previous high, so when the price falls back again, it is a good time for us to enter the market again. The first support can be focused on near the inflection point.🔥 Don’t forget risk management💯 ✔️Trade safe✔️ 🤜If you like my analysis, please like 💖and share itLongby wolf_king8883
ETH longEthereum broke through the long-term resistance level on the daily chart. Bullish trend is expected to continue and reach $4100Longby Cryptobees_buzz116
ETH Bullish Pennant | ETF approval confluence | Target: 2021 ATHNot Financial Advice TL;DR Bullish Pennant on BINANCE:ETHUSDT daily chart, upwards breakout target would be very close to 2021 ATH. SEC approval of VanEck ETF (final deadline on May 23) could be a major catalyst. A rare case of (potential) technical and fundamental confluence: ETH has been building a Bullish Pennant since the end of the Feb 5 - Mar 12 rally The retest of the multi-month support in place since October 2023 might signal that the bottom is in The final deadline for SEC's approval of VanEck's ETH ETF lines up almost perfectly with the convergence between the pennant's resistance and the multi-month support Interestingly enough, the target for an upwards breakout of the pennant around VanEck's approval deadline would be very close to the 2021 ATH Longby AliferCryptoUpdated 339
Eth idea Update ETH Yesterday’s Chart Update! Yesterday market took Marked Trendline Liquidity but couldn’t fill FVG that’s why our Entry missed by few Points. What’s next now? As market has taken Trendline liquidity but it has formed another liquidity which is now perfect setup for us and also clears our setup. Below that SSL is our FVG where we will Enter. Good luck and Do your own Analysis as well Longby Thebitcoin373
$$$ ETHUSDT, GOING TO BREAK BULLISH PATTERN$$$Welcome, Trader. Welcome to our crypto community! 🚀We are delighted to welcome you, whether you are an experienced trader or new to cryptocurrency. We are willing to discuss #ETHUSDT💹. #ETHUSDT 🔥🚀. ___________ Update: Time Frame: 8 Hr ➡️ETHUSDT formed a falling wedge pattern, A possible bullish symbol. ➡️Waiting for a breakout to this pattern🚀. ➡️ Take a bullish turn from the major support area. ➡️ Waiting for retest confirmation. ➡️ We anticipate around 28% in the medium term. 👉✅.Longby CryptoAnalystHubUpdated 111
ETHUSDTWe can attempt to short ETHUSDT from specified level if it break HL as there is also bearish divergence at current level indicate that it moves downward. SL , TP mention in chart.Shortby SignalEdge5
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 Bullish!!!!1.ETH broken the Resistance and retested around 3050 and looking for Long. 2.ETH also broken the 4H Trendline for long. 3.If ETH broken the current support Level it'll reach the next support. 4.The entry is 3050 and the Target around 3270, SL below the Support zone.by Sha_The_IconUpdated 5
ETH target 4700 (perp)4h time frame - TP: $4700 SL: $2705 - ETH jumped out the substantial wedge structure, and had a drawdown to retest it. According to several times that ETH tested 0.382 Fibonacci projection, which build a robust bottom around $2850 for further pumping. Uptick is coming once ETH confirms this breakout, that will make an instant surge to $4700 in future. -Longby EthanTW4
A GOD CANDLE IN ETH AS PER PREDICTION A massive bullish movement occurs after our post.Still ETF is not approved,once it happens we will see you on 5k$.Longby Kat-Crypto-Street11
$ETH LONG (experimental)After a long hand up in the general structure, I see a possible long with a short stop, which is not a very critical position for meLongby MyTechNAzUpdated 4