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ETH Bullish Day and Week Ahead ☀️Cryptocurrencies rallied over the past 24 hours as investors poured in fresh cash, bolstered by the benchmark S&P 500 index hitting a new all-time high on Monday. They are also waiting for new signals from the Federal Reserve meeting up on Wednesday, regarding the up-coming rate cuts in the US. The price of Ether was up 2.5 percent over the past 24 hours, and it has even more upside potential over the next week. According to ATTMO, a bullish sun will shine over Ethereum, Bitcoin, Binance Coin and Ripple’s XRP in the next 24 hours, while bearish clouds will linger over Avalanche, Dogecoin and Polkadot. Follow us for more crypto weather reports!
BITSTAMP:ETHUSDLong
by ATTMO
ETH → Ethereum Falls Back to the Support Zone. Long or Short?Ethereum retraced to the Support Zone, following the rest of the crypto market in a pullback. Now that ETH is on the Support Zone, can we expect a bounce? How do we trade this? 🤔 I think it is probable that we get a bounce back up to the Daily 30EMA, but I do not believe ETH will break it. We may have witnessed the first leg down in a 2-legged pullback for ETH and Bitcoin. ETH has some long tail bars at the Support Zone, but with no good follow-through as of yet. It's reasonable to think the bulls will make an attempt to buy but with little momentum, which makes that Daily 30EMA ribbon an ideal resistance target as it previously acted as support. The rejection at the 30EMA will likely bring the price back down to the Support Zone and with that many points of contact, increases the probability that the price will fall through. I expect that next support area to be at the Daily 200EMA of which the price will be around $2,000. The psychology of that even number being at the 200EMA after a 2-legged pullback in a bull market screams support zone target. Once we hit this price area, I am looking for a strong bull signal and confirmation bars to enter a long. 💡 Trade Idea 💡 Long Entry: $2,080 🟥 Stop Loss: $1,920 ✅ Take Profit #1: $2,240 ✅ Take Profit #2: $2,560 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Four legs up in a bull trend, final strong bull candle followed by a strong bear candle. 2. Contact with Resistance Area above $2,500 3. Strong Reversal Candle closing below Daily 30EMA 4. Likely to fall below Support Zone, look for Long Entry at Daily 200EMA 5. RSI at 40.00 and Below the Moving Average with a gap to fill, supports a slight pullback and then fall. 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
INDEX:ETHUSDLong
by TraderEngineering
1
🚀 ETH/USDT Ready to Skyrocket?📉 Falling Wedge Alert on ETH/USD 4H Chart! 📈 Technical Analysis: A falling wedge pattern has been identified on the 4-hour chart for Ethereum (ETH). This classic chart formation suggests a potential upcoming breakout, with implications for traders on both sides of the market. Possible Outcomes: Upside Breakout: Given the prevailing trend, the breakout is likely to be to the upside. Traders should be prepared for a significant upward movement in ETH's price. Downside Caution: It's crucial to stay vigilant as price action could also break to the downside. Risk management is key, and traders should have contingency plans in place for both scenarios. Potential Catalyst: The breakout is anticipated around Thursday, January 25th, coinciding with the release of US GDP news. The economic data release may act as a catalyst, influencing market sentiment and fueling the breakout. Trade Strategy: Long Position (Bullish): Traders looking to capitalize on a potential upside breakout may consider entering a long position before the anticipated date. Short Position (Bearish): For those adopting a more cautious approach, setting up protective measures against a potential downside break is advisable. Risk Management: Use stop-loss orders to protect against unexpected market movements. Adjust position sizes according to your risk tolerance. Remember, trading involves risk, and it's essential to stay informed and adapt your strategy based on market developments. Keep an eye on the news and be prepared for various outcomes. Happy Trading! 🚀💹
BYBIT:ETHUSD.PLong
by dytra
ETH/USDT 4HOUR UPDAT BY CRYPTOSANDERS !!Hello friends, welcome to this ETH update from Crypto Sanders. Chart Analysis:- The cryptocurrency has been forming a falling wedge pattern since failing to break the 2,700 resistance zone. A bullish breakout from the wedge could result in a retest of the 2,700 level, while a breakdown would be disastrous, as the price could drop to the 2,400 level in no time. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
2
ETH Ethereum Potential Rally soon!I told you about the 'buy the rumor, sell the news' strategy on Ethereum after the Bitcoin ETF approval in the last article We approached the price target of $2330 last Friday, and I believe that was the last dip for now! With the stock market at an all-time high, I anticipate crypto assets to follow suit. Elon Musk is likely to implement Bitcoin, Ethereum and Dogecoin to his new platform, X Payments. So, yes, exciting times ahead! According to Elliott waves, the price target for ETH should be $2600.
Long
by TopgOptions
1
The ETHUSDT chart is showing some positive developments.Firstly, what I'm saying is not to be considered as investment advice; it's just a cautionary note. If you take a slightly broader look at the Ethereum chart since the beginning of October, you'll notice a nice and well-behaved channel that has formed. ETH is currently at the bottom of this channel and has also formed a very nice "falling wedge" pattern. If you're not aware, falling wedge patterns are often indicative of an upcoming upward movement. Most likely, the price consolidation here will lead to a move towards the 2900 region, drawing strength from the bottom of our ascending trend channel. However, before this happens, a fake breakdown of the lower zone, i.e., a spike below the channel, is also possible. Remember, what I'm describing is only meant to provide guidance, not the actual path. Good day and profitable trading.
Long
by TonyStellar
3
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH update from Crypto Sanders. Chart Analysis:- On the daily timeframe, the price has been on the rise since breaking above the 200-day moving average and the large descending channel. While ETH is still trading above the key $2,000 level, it is going through a consolidation phase below the $2,400 level, failing to climb higher. The Relative Strength Index is also hovering around the 50% level, pointing to an equilibrium in momentum. As a result, the short-term price action heavily depends on whether the cryptocurrency drops below the $2,000 level or successfully breaks above the $2,400 level to target the $2,700 resistance zone. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
ETH updateArrows and timescale is for demo only. This is an update ETHUSD long term trend. Ethereum has always been good to us and has very much played out like my last idea. However i think near term is a time for a small correction. This is due to BTC market conditions and the fact that Ethereum does not live on an island but follows the BTC god market. I expect Ethereum's run up to continue, however as mentioned before it is likely we dip before the next big leg up. This will be a good opportunity for those who missed the boat to ladder in. If you've been following my idea's then you would have already been in, and in that case i believe it is best to hold your position. If you have liquidity and ETH does dip then buying more wouldn't be a bad idea as long as it matches with your personal risk tolerance and position sizing for ETH.
COINBASE:ETHUSD
by ecicic
ETHEREUM will beat BITCOIN this time?GREAT WEEKEND EVERYONE Bullish on Ethereum primarily because of the ETH/BTC CHART. I am of the opinion that 2500 can come, which is also 0.618 fib from the highest peak to the bottom on June 24. We can discuss the enters: it's all up to you, enter DCA, enter now, wait for 200 Dma, 100 Dma, 0.5 fib. I am of the opinion that momentum is growing on the indicators and it may happen that we will not even reach those prices, my first entry is at 1940. Waiting for 1870 and then 1800. Liquidation under 1700
Long
by learnfromfailure
8