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Ethereum (Cryptocurrency)

ETH/USDT chart, which shows trading within a descending channel.ETH continues to trade within the descending channel, which indicates a bearish trend in the short term. A breakout above the upper trendline could signal a bullish reversal. The immediate support level is around the $2,240 mark. If Ethereum sustains above this level, it could see a potential bounce, leading to a bullish move. There is a crucial resistance zone around $4,000 to $4,400. ETH could face selling pressure when it approaches this zone. The chart includes the 21-day simple moving average (SMA), which is acting as a dynamic resistance. A clear breakout above the SMA could be a bullish signal. Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other altcoin. @Peter_CSAdmin
by CryptoSanders9563
Ethereum Signaling a Possible Bullish BounceIn the weekly Ethereum chart above, several indicators suggest ETH could be approaching a significant support zone, potentially leading to a reversal: The MACD is nearing a potential bullish crossover. This is typically seen as a signal that the downtrend could be losing strength and that buyers might step in soon. A confirmed crossover would likely lead to a shift in momentum towards the upside. The RSI has dropped below the 40 level, approaching oversold territory (below 35). This indicates that ETH may be undervalued, and the selling pressure could be exhausted, hinting at a possible rebound in the coming weeks. 100 and 200 EMA: The 100 and 200 EMAs are acting as strong support zones. Historically, these EMAs have provided robust support during major market pullbacks, and they could hold up ETH’s price from further declines. This indicates the bottom for ETH, and we can expect a bounce from the current support level.
CRYPTO:ETHUSDLong
by HexaTrades
ETH Rejection at $2,461: Bearish Target $2,320?The Ethereum (ETH/USDT) chart on the 1-hour timeframe shows a significant price rejection from the $2,461 level, which is a key resistance zone. The price is currently hovering around $2,406, and the trend is favoring a bearish outlook. Here is a brief analysis and trading strategy: Key Levels: Resistance Zone: $2,461 - $2,460 (red zone) Support Levels: $2,357 (first target), $2,320 (secondary target) Analysis: The price is facing strong resistance from the $2,461 level, with multiple rejections indicating the dominance of sellers. The short-term moving averages are aligning with the bearish trend, and the price is struggling to break back into the resistance zone. The next probable move, as shown by the red arrows, is a bearish continuation towards the first support level at $2,357, with a further possible drop to $2,320 if the selling pressure continues. Trading Strategy: Short Position: Consider shorting near the $2,414 - $2,461 resistance zone if the price fails to break above it. Target $2,357 initially, and if the bearish momentum continues, aim for $2,320. Stop Loss: Place a stop just above the $2,461 level to limit risk. This setup favors bearish traders, but monitor the price action closely near the support levels for any signs of reversal.
by Suyouu
Bitcoin 70,000! Can Milton Stand in the Way?Bitcoin: 70,000 or 40,000? Bitcoin is at a critical juncture, with the price poised to either break through to new highs at 70,000 or drop to as low as 40,000. Bulls are eyeing a breakout above key resistance levels, which could lead to a sharp move upward. However, bearish forces, including macroeconomic factors and potential market sell-offs, may push the price down toward critical support. The next move will likely be driven by major events, market sentiment, and global factors. Will Bitcoin soar or correct sharply? Stay tuned for the next big move!
Long
by BuySellStyle_engl
ETHUSD Last call before $4600Ethereum has crossed above July's Falling Resistance and has started a new bullish phase. A crossing above the 0.5 Fibonacci level, confirms the bullish extension. This is the pattern that was followed last October (2023) right when the mega rally started. Trading Plan: 1. Buy if the 0.5 Fib breaks. Targets: 1. 4600 (the 1.5 Fibonacci level, in line with the Dec 7th 2023 High). Tips: 1. The RSI (1d) has already been on a Bullish Divergence since the August 5th low. Similar pattern with the August 18th 2023 bottom. Perfect time and price symmetry. Please like, follow and comment!!
CRYPTO:ETHUSDLong
by TradingBrokersView
ETH Best level to BUY/HOLD TP 50% gains🔸Hello traders, today let's review 8hour price chart for ETHUSD . strong gains recently off the range lows ,however currently price still stuck in the well-defined distribution range established in August 2024. 🔸We are stuck in mixed range / distribution, since previously price dumped in the summer time therefore expecting more losses in this market before an eventual recovery / bounce off the strong S/R below. Range is defined by 2300 usd lows and 2750 usd highs. so far we are still stuck in this range and I can't recommend any trades right now. 🔸Recommended strategy bulls: wait for a fake breakdown of the recent range expecting one final swipe higher towards 2750 before the eventual dump / breakdown. I got two important levels marked down on my chart - 2 000 USD and 3 000 USD. Expecting price reversal at/near 2 000 usd as the bulls will defend this level. Logical price target for the swing trade setups for the bulls is 3 000 USD, this trade got 50% unleveraged/clean upside. Keep in mind that this is a swing trade so naturally will take more time to hit TP. good luck, traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
COINBASE:ETHUSDShort
by ProjectSyndicate
12
Could Ethereum rise from here?The price has reacted off the pivot which acts as an overlap support and could rise to the 50% Fibonacci resistance. Pivot: 2,399.85 1st Support: 2,311.61 1st Resistance: 2,522.01 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:ETHUSDLong
by ICmarkets
ETHUSDT: Sell Or Buy ! Based on the provided chart for Ethereum/USDT, the price is moving within a clear ascending channel, showing an overall bullish trend with potential pullbacks. Here is a brief analysis and strategy: Current Price Movement: ETH is currently retracing from a recent high (around 2,490) but remains within the ascending channel. Support and Resistance Levels: Resistance: Around 2,490-2,500 (upper boundary of the channel). Support: The lower boundary of the channel, near 2,440-2,450. Trade Strategy: Buy: Wait for a pullback to the lower boundary of the channel, ideally near 2,440. If the price confirms support in this area, a buy entry could be ideal. Target: Look to take profits near the upper boundary of the channel, around 2,500-2,520. Stop Loss: Place below the channel, around 2,430. Market Sentiment: As long as the price stays within this upward channel, the overall trend remains bullish. However, a breakout from this channel (either up or down) could lead to significant price movement.
by Suyouu
1
ETHBTCLong term trend line being revisited this week... Haven't seen that for eth in a while Is this the psychological low or is eth destined for obscurity diluted out by other layer one chains... From the stats I've seen from eths l2chains the eth economy is well and truly active with scaling nearing completion Solana is the nearest competitor by use but the chain has decentralization issues and therefore has shut down multiple times in the last few years for periods.. Ethereums security lies in being able to access the network at all times.. something no competitor has managed at scale as of yet
Long
by olliecoughland
ETH/USDT: Inverse H$S Formation with Bullish Targethello guys. Inverse Head and Shoulders: A clear bullish reversal pattern has formed, consisting of a left shoulder, head, and right shoulder, signaling a possible change in trend from bearish to bullish. Engulfed Area: A previous price zone has been engulfed by the market, confirming the potential strength of the buyers at this level. Support Zone: The $2,340-$2,350 level serves as the key support, previously tested during the formation of the inverse head and shoulders pattern. Target Area: Price is currently hovering around $2,420 and could rally towards the identified target zone near $2,480-$2,490, as shown by the marked arrows on the chart. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and
Long
by melikatrader94
7
Uptrend reversal section: 2555.38-2646.97 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- In order to turn into an uptrend, the price must be maintained above 2555.38-2646.97. If not, there is a possibility of further decline. In other words, there is a possibility of decline to around 2359.35. Therefore, the key is whether it can receive support and rise near the 2464.82-2499.0 section. ------------------------------------ The above is the key to chart analysis. However, it is not easy to find an answer to why this analysis was done this way with this content alone. Therefore, in order to understand the content of my analysis, there needs to be an explanation of additional grounds. - The 2464.82-2499.0 section corresponds to the upper point of the HA-Low indicator box on the 1D chart. Therefore, if it rises above this section, it means that there is a high possibility of forming an upward trend, so it is an important section. - There is something I need to explain before that. The HA-Low. HA-High indicator is an indicator created to indicate a point for trading on the Heikin Ashi chart. (Refer to the HA-MS indicator) Therefore, the creation of the HA-Low indicator means that a low section has been formed. Therefore, if it is supported near the HA-Low indicator and rises, then it is the time to buy. When I first created the HA-Low, HA-High indicator, I didn't show the box section. Because of that, I felt like the HA-Low, HA-High indicator was useless in the movement that pretended to rise and fall. In the meantime, there was someone who asked if I could trade futures with this indicator. So, while explaining this part, I learned that the box section is formed based on the HA-Low, HA-High indicator and then the trend is formed. That's why I'm introducing it to you in the form of an indicator included in the current chart. There is no guarantee that the trend will continue just because the box section is broken. However, I was able to know at what point I should sell and cut my loss. Therefore, even if I couldn't draw the support and resistance points on the 1M, 1W, and 1D charts, if I can quickly draw the points related to the HA-Low, HA-High indicators shown on the 1M, 1W, and 1D charts, I can do a quick chart analysis. - Therefore, we can see why the 2464.82-2499.0 section is an important section, and why it should be supported at the 2359.35 point. However, the 2555.38-2646.97 section cannot be explained by the HA-Low, HA-High indicators above. To explain this section, we need to refer to the 1W chart. If you look at the 1W chart, you can see that it is the BW line point. Therefore, we can see that it is a section made up of the BW line point of the 1W chart and the BW line point of the 1D chart. In addition, it is also a section that the M-Signal indicator of the 1M chart passes through. Therefore, in order to turn into an uptrend, the price must rise above the M-Signal indicator of the 1M chart, which is a long-term trend line, and maintain the price. Otherwise, it is highly likely that it will end in a short-term and medium-term rise, so there is a high possibility that the trading strategy for the uptrend will not be applied properly. If you mainly do day trading or short-term trading, you can trade depending on whether the price is above or below the M-Signal indicator of the 1D chart. Currently, the M-Signal indicator of the 1D chart is passing through the 2464.82-2499.0 range, so it can be said that the importance of the 2464.82-2499.0 range has been proven once again. ------------------------------------------- As mentioned in the BTC idea, it is very important to find the basis for the support and resistance points that you have indicated. Doing difficult chart analysis to find this can actually cause confusion in creating a trading strategy. Therefore, it is recommended that chart analysis be intuitive and fast. If you analyze charts for a long time, your mind will become cluttered with all sorts of random thoughts, so it is an element that should be avoided. Chart analysis is about finding support and resistance points that can be used to create trading strategies by being as objective as possible and proceeding intuitively and quickly. Don't forget this, and through chart analysis, you should be able to draw support and resistance points and find the basis for them to create trading strategies. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Ethereum's Path to $4,200: Rising Channel Signals Big MovesHello, fellow traders! I'm excited to share my latest insights on Ethereum. Let's dive into the long-term trends and what they might mean for us in the upcoming months. Current Market Structure Ethereum's price is developing within a long-term rising channel, showcasing a series of higher lows and higher highs since 2022. This pattern indicates a sustained bullish momentum. Key Support Level: $2,000 This level is crucial. Holding above $2,000 suggests Ethereum may continue to rise within the channel. A breakdown below could signal a potential shift in the trend. Potential Price Movements Upside Potential: If Ethereum remains in the rising channel, there's a strong chance we could see a move up to the previous all-time high (ATH) around $4,200. Breaking above $4,200 might pave the way for new ATHs. Resistance and Reversal Risks: The previous ATH at $4,200 could act as a significant resistance point. There's a possibility of a pullback from this level, potentially leading to a "stop-loss hunt" scenario that might drag prices down to the $3,400–$3,200 area. My Outlook I'm anticipating movement within the rising channel towards $4,200 in the coming months. At this key level, caution is essential. Considering taking profits or adjusting positions could be a wise strategy. What do you think about Ethereum's current setup? Are you observing similar patterns or have a different perspective? I'd love to hear your thoughts! If you found this analysis helpful, please give it a like and follow for more crypto insights. Best of luck to all the hodlers and traders out there!
INDEX:ETHUSDLong
by ArShevelev
7
Bitcoin Weekly Analysis : Bull or Bear? Let's See (READ CAPTION)By analyzing the #Bitcoin chart on the weekly timeframe, we can see that the current price is around $62,640. We observed that after dropping to $60,000 due to the ongoing conflict between Iran and Israel, the price was met with strong demand and, as mentioned earlier, has rebounded 4% to the current level. If the conflict continues, there is a high probability that Bitcoin will See target levels below $60,000 and even $52,000. Therefore, keep in mind that the most crucial support level for Bitcoin at the moment is between $60,000 and $60,200. This analysis will be updated accordingly. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
by ArmanShabanTrading
4
PEPE + BNB Will Moon Just Like ETH Did In 2017 17 year experienced trader here sharing my thoughts to help the crypto community. As everyone knows this is a very important time for the market as we are approaching the end of the 3rd year of the 4 year cycle . Year 4 has always been ALTSEASON . The charts I am sharing with you are setting up to have HUGE runs into 2025. In teh video I share with you my reasoning on why this meme coin and BNB will explode higher just like ETH did back in 2017 . ETH was the the daddy back then and now MEME coins are the hot narratives (look at how many meme coins that Binance have listed) and there is a reason for it . Meme coins are bring in heavy trading volume for exchanges creating good revenue and they also bring in new crypto people to the community , we have seen xrp bring in millions of people , then we seen DOGE bring in millions of people then SHIB and then PEPE . Each ALTSEASON it has been a new meme coin that helps bring in and grow the crypto community so this time will be no different . This time we have new coins like NEIRO that can moon also but that is for another video . Do not sleep on these coins and if u need any help or have any questions please just send me a message and I will be happy to try my best to help . Have a great weekend MartyBoots
Long
by MartyBoots
14
Become a TOP 1% Trader 🔸🔸What it takes to become TOP 1% Trader? Everybody wants to succeed in the trading game, but what's the actual formula? 🔸🔸What can we learn from the most successful global hedge fund Renaissance Technologies? How did the Japanese legendary trader Takashi Kotegawa become a TOP 1% Trader? Rules of life of undefeated savage Japanese samurai Miyamoto Musashi. 🔸🔸RetTec flaship fund got 40% CAGR over a period of 30+ years, which is an exceptional trackrecord in the industry. RenTec utilizes HFT trading and uses multiple quantitative / statistical / data science models to gain an edge over the market. RenTec is one of the most secretive hedge funds in the industry, however it's clear that the fund relies on algo trading to generate it's exceptional returns. 🔸Complex Models: Renaissance's models are built upon intricate mathematical models and statistical analysis that leverage massive datasets. 🔸High-Frequency Trading: The firm executes trades at breathtaking speeds, taking advantage of fleeting market inefficiencies. Key takeaways from RenTec success 1) Use algo trading / HFT trading to gain an edge over the market 2) Use data science / quant models to identify patterns 3) Use proper risk management for capital protection 4) Do not overleverage / use leverage over x20 🔸🔸Takashi Kotegawa is a legendary Japanese trader who turned initial investment of 13 000 USD into 150 mln USD trading Japanese stock market. 🔸🔸Risk Control: His approach to managing risk ensures that trades are executed within safe limits, without jeopardizing overall financial stability. 🔸🔸Seizing Opportunities: Kotegawa's ability to swiftly identify and act on market inefficiencies underscores the importance of vigilance and quick decision-making in trading. 🔸🔸Takashi Kotegawa keeps himself out of the spotlight and gives virtually no interviews. That's one of the reasons why we don't know much about him and there are only a few pictures available on the internet. Key takeaways from Takashi Kotegawa's success 1) Disciplined approach to trading 2) Enter / exit trades and make fast decisions 3) Grind alone and stay out of spotlight 4) Remain humble do not show off keep low profile 🔸🔸The majority of the Japanese people know Musashi Miyamoto as Japan's most famous and most skilled swordsman. His status among the Japanese has reached mythic proportions in the same measure that Westerners would give to Muhammad Ali or Michael Jordan. The life of Musashi is the gold standard of samurai in Japan. 🔸🔸Musashi's introverted nature, which manifests as a preference for being alone or engaging in solitary activities, allows him to focus on his own thoughts and ideas. He is particularly skilled at problem-solving, often finding unique and unconventional solutions that others may not think of. 🔸🔸Musashi's approach to winning was formed from repetitive disciplined training, focused practice, knowing his opponent and unorthodoxy. Key takeaways from Miyamoto Musashi success 1) Grind alone and become savage 2) Develop your own strategy unlike any other 3) Outsmart your competition always stay sharp 4) Become ghost and lead a low profile life 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
Education
by ProjectSyndicate
18