ETH about to move with ETHBTC stophunt of cycle lows??Stophunt of old points of resistance and support can often lead to a reversal
Now that price has grabbed potential liquidity and stops set for previous lows.. price can now reverse. ETHBTC has hunted that liquidity grab or stophunt as we call it. That gives it room to now reverse.
Failed breakdowns can fail fast
If this breakdown does fail then have to be prepared that failed move fails fast. This is likely to be from a strong ETH breakout. If that is the case then ETHUP products may have a great deal of upside.
If the breakdown continues then dont want to be caught
Watch out for price going back below the point of reversal as it could drag lower and dont want to be stuck in the losing position
Ethlong
2024 is the year of $ETH and $ALTS!ETHBTC pair is showing a weekly divergence (not confirmed until weekly candle close).
If the RSI divergence forms, we can expect ETH/BTC to rally to its previous ATH until June, and possibly discovering new highs after that (if the narrative doesn't change).
I have to mention that with the current status of the market and many people shifting to other L1s, This ETH/BTC strength may fail. So Vitalik, come on!
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH update from Crypto Sanders.
Chart Analysis:- As we are seeing Eth in the daily chat, upside heads and architecture artifacts have been created and these hard and soliders have been broken and doing the latest, we can expect about 30% to 35% from here. are are. maybe pumped
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.
ETHUSDEthereum is trading above strong support at $1924. This is a good sign that gives ETH every chance to achieve the second and third goals.
But in any case, you need to keep an eye on Bitcoin, because Ethereum is directly controlled by the Bitcoin trend. Now Bitcoin is below its big resistance.
Don't forget to show your support by like(rocket) and comment✅
Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can✍️
KP3R big move on the way 🚀A bullish divergence occurs when prices fall to a new low while an oscillator fails to reach a new low. This situation demonstrates that bears are losing power, and that bulls are ready to control the market again—often a bullish divergence marks the end of a downtrend.
Next bull run will be mind blowing cuz there’s a whole lot of project that will do 100x NASDAQ:SLP #KP3R 🌪️⏳
ETH/USDTEthereum is the second largest cryptocurrency after Bitcoin, Currently, it is trading at $2222.83 with a total market cap of $267.392 billion. Ethereum presents a promising outlook as it undergoes a consolidation phase, fluctuating between the levels of $2156.89 and $2411.32 for approximately 32 days. The potential for a favorable entry arises if it manages to surpass the critical level at $2411.32. Noteworthy upper levels have been marked, with an optimistic scenario envisioning ETH reaching $3539.64. Caution is advised in this highly volatile market, emphasizing the importance of implementing a stop loss to secure funds against unforeseen fluctuations and market risks.
In simpler terms, Ethereum seems to be in a favorable position for potential gains, moving within a certain price range for about a month. If it successfully breaks through a specific level, there could be an opportunity for investors. However, due to the unpredictable nature of the market, it's crucial to use protective measures, like setting up a stop loss, to safeguard investments from unexpected market changes.
"Ethereum Technical Analysis: Potential Bullish Breakout from FEthereum update
Ethereum is currently trending within a rising channel, as shown in the chart. It has formed a falling wedge pattern, similar to one it made a few weeks ago, and bounced by approximately 19% according to the pattern.
If Ethereum breaks out of this wedge, it is likely to bounce by almost 19% again. However, if it breaks out of the rising channel, the chart will be invalidated.
In the event that Ethereum does break out of the wedge, it would be a good opportunity to open a long position.
Stay tuned; I will keep updating
#ETHUSDT LONG#ETH
Since the beginning of December, Ethereum has been moving well, breaking the patterns it created
On a 4-hour frame, breaking the downward trend of corrections
We now have a break in the downtrend for correction and the beginning of an expected rise
Current price 2300
Expected target 2437
This rise is supported by bullish momentum
And strong support areas
ETHEREUM NAME SERVICE HEAD AND SHOULDERS PATTERN - 14.6$ TARGET!Upon analyzing the Ethereum Name Service (ENS) vs USDT, we've discovered an amazing Head and Shoulders Pattern in the Macro Overview that would take us arround 14$ , and can be extended towards 16$ .
These targets do also match the Fibbonaci 1.618 retracement from the highs on July to the lows of October.
This pattern is breaking at the moment and Backtesting the resistance as as support of 9.5$.
This is looking insane for a short term explosion!!!
Don't miss it out.
Ethereum Takes the Spotlight - Crypto's Shifting Winds 🤖🚀 Ethereum Takes the Spotlight - Crypto's Shifting Winds 💡🌐
Hey everyone, Professor here! First off, wishing you all a joyous holiday season and a Merry Christmas! 🎄 As we gear up for the new year, let's dive into the crypto charts, focusing notably on Ethereum (ETH).
📊 Ethereum's Strategic Position
Ethereum has recently emerged as a standout in the crypto landscape. Veering away from Bitcoin, which has been our usual start point, Ethereum presents a fascinating opportunity. The analysis, based on the same message chart used since 2021, suggests promising potential for ETH. The key support levels to watch are at 23.62 and a lower bracket at 23.24. The intermediate support within the channel is particularly critical for a bullish stance.
🚀 Ethereum's Targets
The targets for Ethereum are ambitious yet calculated. We're looking at ascending to levels of 2545, 2650, and potentially up to 2918. A stretch goal remains at 3500, but we approach this with a step-by-step strategy.
🔍 Ethereum vs. Bitcoin Analysis
Switching to the ETH/BTC chart, we notice a significant wedge formation. The anticipation is high for this resistance to break, which aligns with my projection of over 73% confidence. Once Ethereum cracks this barrier, which could happen in the next 24 to 80 hours, I foresee a notable rise against Bitcoin.
🤓 Technical Insights & Solana's Influence
The Ethereum Improvement Proposal (EIP) 4844 is a key factor to consider, which could propel ETH further. The relative early move in Ethereum, as observed in the OP, suggests a shift in focus towards ETH. Additionally, the Solana vs. Ethereum dynamics indicate a potential 40% rise in Ethereum against Solana in the coming weeks. This reinforces our Ethereum-centric approach.
📈 Bitcoin's Current Stance
Bitcoin, though not our primary focus now, still plays a pivotal role in the broader market context. It's currently moving sideways, with support at 42,291. The resistance is pegged at 43,200, and an eventual target around 46,000. This level is crucial as it represents a major resistance, and a breakout could lead to significant movements.
🌐 Other Altcoins in Focus
Matic: Following Ethereum's lead, Matic is another contender, with a next target at 1.7.
Cardano: The breakout target remains at 1.19, but we're currently not aggressively pursuing this.
Avax: Shows potential with support at 40, suitable for strategic trades.
Link: On a steady climb, aiming for 19.6, but caution advised due to distant support.
GRT, STX, and SNX: Display varying degrees of potential, each with specific considerations.
🔎 Ethereum: The Focal Point
In conclusion, Ethereum stands out as the star player in our current analysis. With various technical and market factors aligning, ETH seems poised for significant movements. Remember, these are insights based on my analysis and should be approached with due diligence.
One Love,
The FXPROFESSOR 💙
For further reading:
Vitalik Buterin's ideas to simplify Ethereum's Proof of Stake model: www.coinspeaker.com
Ethereum's potential to outperform Solana and other cryptos: cointelegraph.com
#ETHBTC - #Wyckoff & #Volume & #Divergences & #Sentiment#ETHBTC
The Broadening Wedge has a track record of being one of the most brutal patterns for emotional Traders to navigate, but if we peel back the layers to see what's happening of actual importance, that's when things start to get really interesting, IMO.
This is very possibly a textbook Wyckoff bottom. It's presenting all the signs of what we want to see plus #ETHBTC has a history of combining extremely low sentiment with ruthless patterns.
But once again just focus beyond the noise of PA and we can see what is volume or lack thereof in all the right places, paired with stacked divergences.
Nothing is 100% certain in this place, but based on probabilities gauged over history and the rest of the story, I know what I'm doing...
ETHEREUM|CAN start grow to next level $2500-In order to continue its upward trend, Ethereum needs to test its support levels again and fall to the prices of $2,230 and $2,145.
-But considering its upward trend, we expect it to continue its upward trend after reaching its support levels and achieve the $2400 and $2500 targets.
-Like and comment if you agree with our idea!
Decoding Ethereum's Price Movement
Ethereum has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The currency has met the objective at $2333 after a break of the rectangle formation.
The price has now fallen, but the formation indicates further rise. In case of a negative reaction, CRYPTOCAP:ETH has support at approximately 1850 points. Volume tops and volume bottoms correspond well with tops and bottoms in the price. This weakens the trend break.
Key Fundamentals
Ethereum core developers yesterday solidified plans to roll out DenCun—the next upgrade for the network—on testnets beginning in January. This next round of updates will introduce proto-danksharding and so-called data "blobs."
In really simple terms, they new features are meant to significantly reduce high gas fees and improve the network's capacity. ETH's newly buoyant price was enough to convince crypto trader Peter Brandt to reverse his prediction that Ethereum was barreling towards an "immediate price collapse."
ETH: Breaking Boundaries and Soaring High! 🚀💹Introduction: 🌐 Ethereum (ETH) is breaking free from the confines of a descending channel, signaling a pattern of continued upward momentum. Traders are eyeing a potential long entry, with the option to wait for a retest and bounce. Let's delve into the details of this exciting scenario.
Trade Details: 💰 Long enthusiasts are entering the scene, considering positions at ~$2300 - $2240 - $2200. The strategy aligns with the breakout scenario (as per the provided link) or opting to wait for a retest for a bounce.
Technical Analysis: 📊 Ethereum's price has breached the upper boundary of a descending channel, indicating a pattern conducive to sustained upward movement. The potential long entry points offer traders flexibility, either entering immediately upon the breakout or waiting for a retest.
Expectations and Targets: 🎯 Traders eye ambitious targets of $2340 - $2370 - $2400 - $2450 - $2500 as Ethereum ventures into a potentially robust bullish phase.
Stop-Loss: 👎 To mitigate risks, a stop-loss is set at $2150, safeguarding traders from unexpected market fluctuations.
Conclusion: 🚀 Ethereum invites traders to ride the wave of upward momentum. Whether you enter immediately or patiently wait for a retest, prepare for an exhilarating journey as ETH aims for new heights! 💹🌟