Ethetf
The key is whether it can rise above 2.28
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Because the chart has not been created for long, the role of support and resistance points may be weak, so be careful when trading.
(Grayscale Ethereum Mini Trust 1D chart)
The HA-Low indicator on the 1D chart was created at the 2.28 point.
Therefore, the key is whether it can receive support near the gap (2.09-2.18) section on the 1D chart and rise above the HA-Low indicator on the 1D chart.
If it is supported near the HA-Low indicator on the 1D chart, we need to see if it can break through the gap (2.59-2.83) on the 1W chart.
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Have a good time.
Thank you.
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(ETHUSDT 1D Renko chart)
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(ETHUSDT 1D chart)
The key is whether it can support near 2.359.35 and maintain the price above the M-Signal indicator on the 1W chart.
Based on the current price position, the most important thing is whether it can maintain the price by rising above the M-Signal indicator on the 1M chart.
Because I think that is the most likely way to turn into an uptrend.
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Phemex Analysis #14: ETH - What's Next? PHEMEX:ETHUSDT.P recently breached its $2800 support level before rebounding to the $2700 range. This significant drop has transformed the previously supportive $2800 level into a formidable resistance barrier, currently preventing further upward momentum. Unlike Bitcoin, which experienced a notable price surge following the launch of its ETF, Ethereum's ETF has thus far failed to ignite a similar rally.
Given the current market dynamics, several potential price trajectories for ETH emerge:
Bullish Scenario
A decisive breakout above the $2800 resistance could signal renewed bullish sentiment. However, substantial selling pressure is anticipated at the $3300 and $3600 levels, which could hinder sustained upward movement. Without a catalyst such as significant positive news or a broader market uptrend, overcoming these resistance zones will be challenging.
Bearish Outlook
Alternatively, ETH might undergo a downward correction, potentially retesting the $2000 support level. This level could serve as a consolidation area before a potential rebound. If bearish pressure intensifies, a breakdown below $2000 to the $1800 level cannot be ruled out, though such a scenario warrants caution.
Range-bound Movement
A more likely scenario involves ETH consolidating between the $2500 and $2800 levels. This sideways price action can offer opportunities for range-bound trading strategies, such as the use of Neutral Grid bots. However, implementing stop-loss orders at both $2500 and $2800 is crucial to manage risk effectively. For investors seeking more pronounced price movements, adopting a wait-and-see approach until a clear directional bias emerges may be prudent.
Ultimately, the future trajectory of ETH will depend on a confluence of factors, including overall market sentiment, investor behavior, and the impact of regulatory developments.
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Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
ETHUSDT: A Golden Opportunity?Hey everyone!
Appreciate a like and follow if you find this analysis helpful!
Let's dive into the ETH 2-day timeframe chart. We're currently observing a bullish flag pattern forming. The price is nearing the lower support line of this flag, a level that has held strong for the past six months. Historically, ETH has bounced positively from this zone.
It's worth noting that the ETH ETF was recently launched, mirroring the BTC ETF launch in January. Following the BTC ETF launch, BTC experienced a roughly 20% drop before embarking on a parabolic 90% surge. A similar pattern could unfold for ETH.
This setup presents a compelling risk-reward opportunity for ETH buying.
Entry range: $2750-$2900
Targets: $3800, $5700, $7300, $10,000
Stop-loss: 2-day close below $2500
What are your thoughts on ETH's current price action? Share your analysis in the comments!
Market Response After the Launch of ETFsComparing Bitcoin and Ethereum Charts After ETF Launch.
Bitcoin's price dropped 20% after the ETF launch. We can expect a similar drop in ETH before it goes up. ETH price has already dropped 11% after the ETF launch, and we can expect the bearish move to continue for the next few days before we see a bullish move.
A good buying opportunity is expected once ETH experiences a 15-20% correction.
Regards
Hexa
Which tokens will benefit from ETH ETF listing?----ENSThe ETH ETF began trading yesterday. In addition to direct benefits for ETH, which protocols will benefit from an ETH ETF. Almost all native protocols in the Ethereum ecosystem will benefit. Today, let’s talk about ENS, one of them.
The main business of ENS is to provide name service on Ethereum. Anyone can personalize an account ID through ENS, converting it from 0x to .eth.
The main reason why we chose ENS as one of the important tokens in the post-ETF period is that its trend will be very close to that of ETH in mid-2024, and it has been stronger than many tokens in the market. Tokens including other positive sectors, Uni and Ldo, all began to fall after a short pump. ENS maintains an upward trend with fluctuation. The lows are gradually rising.
The TSB indicator gave a BUY signal on May 27, and ENS maintained an upward trend thereafter. And you can see that whenever the bar drops below the wavy zone, the bulls are always able to strengthen. The TSB indicator is very suitable for ENS. At present, the bull trend of ENS is healthy.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Ethereum ETH ETF trading starts 23|07|24Rumor has it that ETH ETF trading will start tomorrow
If memory serves, with the start of BTC ETF trading, the price of Bitcoin 💰 rose briefly, and then a 2-week correction followed... And then there was a without correcting rise #BTCUSDT price from $40 to $70k
We model approximately the same scenario on the OKX:ETHUSDT chart
As long as the CRYPTOCAP:ETH price is above $3000-3200, it is a strong asset.
P.S:
Exactly three years ago, on July 20-21, 2021, there was the final bottom of the “painfully” correction, and then was another six-month bull run in the crypto market.
Conspiracy theorists and reptilians love these dates and numbers ;)
OMNI GOING TO 40 DOLLAR SOO EASY!See the big pump coming soon, buy this chart!
Layer1/2 project, 100 million marketcap, will have only 8 million supply by April 2025.
I recommend you to buy this coin immediately before the big rise in the bull market, which will be the first unlock when the bull market is already over. DYOR
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.
$ETH is weakening against $BTC in LTF?#eth / #btc pair rallied in last 2 months period and needs to rest i think. A bearish divergence is formed in #ethereum against #bitcoin chart. Retrace to red box is necessary. Breaking up the channel with huge volume is the invalidation of divergence. Not financial advice.
Ethereum ETH price ready to move. ETH ETF soon ?In 2 months, the #ETHUSDT price rose from $3000 to $4000 and firmly established itself above $3400. Clearly according to the blue scenario 💙
+ the news background around the #ETH ETF is actively recovering that large funds are ready to buy, just "agree" and launch)
So let's try to assume that the next wave of #Ethereum price growth will be at least up to $5400
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Ethereum still at the edge
Ethereum almost got to the target zone I've marked 6 days ago. Missed by 21 dollar. But I'm yet cautious about bullish entries. Last 12H closed bearish, so I believe this chart will require another day or two to draw some certainty. Till then we may expect dips under 3427 and possibly to that zone I've marked as well.
Level at 3650 remains decisive for mid term direction. ETH got to find acceptance above it to go for new ATH.
Ethereum at the edge of dump
Year VWAP VAH was at 3645 (same as March close) - ETH dipped below it and yesterday went up for bearish re-test, where it got rejected. That hugely increase chances for further retracement towards breakout level around 3260-3340 at least.
Year VWAP is around 3123 and act as high timeframe magnet for the price. By the time ETH gets to it, most probably it will rise higher and meet the zone I've mentioned above.
ETH ETF will be approved by the end of this summer, so long term I stay bullish. The only question, is where to buy. Zone of interest for me starts under 3400 and I will monitor price action there to catch that bottom (after lower timeframe confirmation of course).
ETH Support 3700 Appears To Be HoldingETH ETFs will give Ethereum and therefore altcoins a nice bump/pump and I believe that, as long as ETH can hold this current support level at around 3700, then Ethereum and altcoins have found their local low. In other words, altcoin season is close. Supporting this theory is this inverse H&S pattern which I spotted well before the right shoulder had even formed. We can now see that this pattern appears to actually be playing out and Ethereum should remain strong for the remainder of 2024, though the possibility of breaking support at 3700 and dropping to 3500 still remains relatively strong as well before further upside. Adjust all stops and plan accordingly.
$TOTAL 2 chart is weakening?#TOTAL2 Total Marketcap of #altcoins incl. #eth #sol #bnb #xrp and all #altcoin market cap index has severe weaknesses such as bearish diamond pattern (diamond sends backs the price where it pumped from) and bearish RSI divergence in LTF.
Invalidation: #totalmarketcap 2 , reclaims ~ 1.25 Trillion #usd zone with weekly close.
Not financial advice.
$BTC testing the trend line #bitcoin #btc must hold purple line support to be bullish in LTF. However, an inverse cup & handle pattern (bearish) is forming. If #btcusd breaks support, the next support is dEMA100 (the red bow), if dump gets deeper, the orange box is strong support zone.
Invalidation: #btcusdt price breaks out 72 - 75K zone permanently.
Not financial advice.
$BTC may draw something like this?#bitcoin #btc price has been in correction (or consolidation?) since march's top. There're still notable liquidations at 71 - 75K #usd zone. The lower boxes are there the strong resistance zones. In this scenario i may expect #btcusd price to retreat to daily EMA200 UNLESS #btcusdt breaks out 75K zone, so this is the invalidation.
Not financial advice.
If Ethereum Can't Break These Levels, Then....Traders,
I have a pretty good record for calling these inverse head and shoulders patterns before they are fully formed. I am not saying for sure Ethereum will form this inverse head and shoulders pattern but if it doesn't, then it will need to break above those resistance levels I have drawn and confirm. If it can't do this on the daily, then I have a hunch this inverse h&s will complete itself.
Ethereum leads the altcoin market rn. So, depending on where your bet lies, you may want to offset some risks and take profit here as we begin to consolidate/accumulate for another bull run.
Stew