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ETHUSDT

ETHEREUM - Price can start to grow from support level in flatHi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to rising channel, where it rose to resistance level, which coincided with resistance area. Then price broke this level and rose to resistance line of channel, after which it bounced and started to decline. In a short time, ETH declined to support line of channel, breaking $3105 level again, and soon exited from rising channel too. After this, price started to trades inside flat, where it some time traded near top part but later declined to support level. Ethereum some time traded close to this level and then bounced up, but a not long time ago it fell back. So, I think ETH can decline to support level and then bounce up to $3025 inside flat. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
Ethereum: Past Successes and Future ChallengesSince its inception in July 2015, Ethereum has undergone a remarkable ascent in value, surging from a mere $0.31 to its current price of $3,000. This represents an extraordinary return on investment of nearly 10,000 times, potentially transforming modest investments into substantial fortunes. However, the pivotal question remains: does Ethereum still harbor the potential to elevate investors to millionaire status? While Ethereum's past performance speaks volumes, the prospect becomes more ambiguous when considering its future trajectory. Upon its introduction in 2015, Ethereum held an unrivaled position as the premier smart contract blockchain platform, benefitting from a significant first-mover advantage. It wasn't until 2020, with the emergence of blockchain competitor Solana, that Ethereum faced its first credible challenger. Consider this scenario: visualize a prominent Silicon Valley tech giant enjoying an unparalleled five-year lead over its rivals. After such a substantial period, it would likely have solidified its dominance in market share, intellectual property, and customer loyalty, appearing virtually invincible. However, applying this analogy to Ethereum's situation reveals the daunting challenge of replicating its past success. The landscape has evolved considerably since Ethereum's inception, with numerous competitors vying for prominence. Unlike in 2015, Ethereum now contends with formidable competition, with three of the top 15 cryptocurrencies directly challenging its supremacy. Moreover, enthusiasm for Ethereum's ongoing blockchain upgrades has somewhat diminished. While the 2022 blockchain upgrade, known as The Merge, was undoubtedly impressive—comparable to changing the engine of a plane mid-flight—it also marked a turning point. Although The Merge notably enhanced Ethereum's performance, making it faster, more cost-effective, and efficient in transaction processing, the relentless pursuit of upgrades raises concerns about Ethereum's stability and long-term viability. Nevertheless, Ethereum's initial promise of delivering 1 million transactions per second remains unfulfilled, with the network relying on a complex array of Layer 2 blockchains to address scalability and functionality issues. The core Ethereum blockchain, known as Layer 1, struggles with speed and efficiency, necessitating several more upgrade cycles to introduce new adjustments and enhancements. While incremental innovation is commendable, there exists a notable distinction between incremental and truly disruptive innovation. This is where apprehension regarding Ethereum lies. The Merge may have marked the end of disruptive innovation, potentially paving the way for agile competitors to challenge Ethereum's dominance. Adding to the uncertainty is ongoing regulatory scrutiny from the Securities and Exchange Commission (SEC). Following The Merge, the SEC has yet to determine whether Ethereum should be classified as a commodity or a security. The transition to a proof-of-stake blockchain could have regulatory implications, particularly concerning the staking process, which some may interpret as an investment with profit expectations derived from others' efforts. This legal ambiguity holds significant implications for investors, as Bitcoin maximalists revel in Ethereum's regulatory uncertainty. There is a tangible risk that the SEC might classify Ethereum as a security, deterring many investors. Consider this scenario: achieving millionaire status from a $1,000 investment in cryptocurrency today would necessitate a 1,000-fold return on investment. Consequently, the pivotal question regarding Ethereum's potential as a millionaire-maker cryptocurrency revolves around whether it can appreciate by 1,000 times its current value of $3,000. Such a monumental rise would imply a staggering $3 million price per Ethereum coin in the foreseeable future. With Ethereum's circulating supply standing at 120 million coins, this would translate to a total market capitalization of $360 trillion—exceeding the current total market capitalization of the S&P 500, which is approximately $50 trillion. In essence, solely relying on past performance for investment decisions is akin to driving a car while fixating on the rearview mirror. It's imperative to shift focus towards Ethereum's potential to generate value in the future, rather than dwelling on its historical track record. Now, regarding the volume analysis and the chart provided: The price of the Future is currently under bearish pressure, characterized by low tick volumes. However, the price is above the 70% retracement from the previous swing, indicating a discount area for potential buying opportunities. Our strategy involves setting buy limits within an area of inefficiency, with stop losses positioned below. We anticipate the price to retrace to the Fair Value Point of Control (POC) and continue its upward trajectory.
CME:ETH1!Long
by FOREXN1
1
May.7-May.13(ETH)Weekly market recapU.S. CPI data for April will be released this week, and the market expects that CPI will fall. After weak employment data was released earlier this month, assets rose, and BTC also rebounded sharply at the time of the release. Therefore, if CPI data can further confirm the role of current monetary policy, then the market correction may end. On the other hand, the first deadlines for ETH spot ETFs are approaching. The SEC is expected to give its final response on May 23. Unlike BTC, we expect that the approval of ETH ETF will be difficult to pass or be postponed to Q3 due to POS mechanism and other factors. As we predicted in our last Recap, ETH performed weakly. It almost fell with fluctuation, barely standing above 2900. This may be related to the fact that the market is not optimistic that the ETH ETF will be approved this month. On the WTA indicator, the blue column disappears and the trading volume decreases. The ME indicator is almost switching into a bearish trend. To sum up, we believe that unless the possibility of ETH ETF being approved increases, ETH may remain volatile or fluctuate this week. We maintain our original resistance level 3700 and support level 2800. 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.
COINBASE:ETHUSD
by Sypool
ETH Ethereum falling wedge pattern If you haven`t sold ETH at the top: As the cryptocurrency market navigates through choppy waters, Ethereum, the second-largest cryptocurrency by market capitalization, finds itself ensnared within a bearish formation known as a falling wedge pattern. This technical setup, coupled with broader market uncertainties, casts a shadow over Ethereum’s short-term prospects, with a looming price target of $2400 becoming increasingly probable. A falling wedge pattern typically signals a continuation of a prevailing downtrend, suggesting that Ethereum’s recent struggles may persist in the near term. Characterized by a series of lower highs and lower lows, this pattern reflects a gradual erosion of bullish momentum, often culminating in a breakdown below the wedge’s lower boundary.
Short
by TopgOptions
1
ETH Triangle BreakoutGreetings, ETH is in a consolidation triangle and could make an impulsive move upwards for a third touch of the trend line or a breakout of the triangle. The current bearish flag (on the 1hr timeframe) appears to be too textbook for an actual downside move. Timing would suggest the move starting between 6pm-9pm EST as this is when crypto typically has its weekend push. This analysis is for educational purposes only. It is absolutely speculative and not financial advice.
COINBASE:ETHUSDLong
by csohrab
ETHUSD Bearish Robbery Plan To make and take moneyMy Dear Robbers / Traders, This is our master plan to Heist Bearish side of ETHUSD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned with target in the chart focus on Short entry, Our target is Green Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic resistance level, Once it is cleared we can continue our heist plan to next target. support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
BITSTAMP:ETHUSDShort
by Thief_Trader
2
ETHEREUM DEMAND ZONE AND FALLING WEDGEEthereum has recognized a significant support level where the current price is firmly holding, showing respect for this support. There's anticipation for a reversal that could lead to a bullish breakout along the trend line. If this breakout occurs, it's anticipated that the rally will persist towards the next swing high around the $3700 mark. The confirmation of this breakout from the falling wedge pattern is pivotal, as it will determine the future trajectory of Ethereum's price movement.
Long
by traderchamp_
#ETH/USDT#ETH The price is moving in a bearish channel on the 12-hour frame and is sticking to it well There has been a good bounce from the lower channel limit. Some minor correction is expected before completing the rise We have a tendency to stabilize above the Moving Average 100 We are oversold on the RSI indicator and we have a downtrend that is expected to break higher to support the rise Entry price is 3100 The first target is 3400 Second target 3670 Third goal 3990
Long
by CryptoAnalystSignal
1
ETH GONG TO 2289$I can't speak with certainty, but considering the model and approach of Ichimoku and GAP,given the decline of Bitcoin as a recognized indicator in crypto, it can be inferred that the decline of Ethereum is not far-fetched. Bitcoin is projected to decline up to 3900 on a daily basis, with that being the target. Therefore, the decline of Ethereum, based on the nearest and only established GAP in this interval, is projected to be up to 2289 $ on a daily basis according to deterministic analysis.
by khosrooparviz
Ethereum price continue it's declineHi everyone, Ethereum price continue to consolidate within 3000 - 2800 support area but lately it looks like there will be breakout below 2800 and towards to 2400 support level. If we look at the chart, we can clearly see lower lows and lower highs which says that ETH price isn't ready for a rise. More likely scenario is that price will contunue to decline towards 2400 support level or even 2140. But first Ethereum price should break 2800 support and hold below that level. Ethereum price depends on Bitcoin price which also isn't showing any signgs of recovery and tending for continuation of downtrend. In this market condition there is not many chances for Ethereum to start rising unless Bitcoin start rising again. In any case, Ethereum price gives good opportunity to buy using DCA strategy. Please, do not forget to boost this idea & share it with your friends; thanks.
by Real_CryptoRoy
9
Ethereum can rebound up from support line of triangle to 3085Hello traders, I want share with you my opinion about Ethereum. Observing the chart, we can see that the price some time ago declined to the support level, which coincided with the buyer zone, after which rebounded and tried to grow but failed and declined to the support line, which is located in the buyer zone. Then ETH in a short time rose to the seller zone and even higher, breaking the resistance level, after which turned around and declined to the support line, breaking the 3200 level again. After this, ETH rebounded from the support line to 3355 points, turned around, and made a strong downward impulse inside the downward triangle. Price broke 3200 and 2950 levels and the support line also, after which it turned around from the support line of the triangle and started to grow. In a short time Ethereum rose to the resistance level again, breaking the support level one more time, but then it at once rebounded and fell to the buyer zone. Later price rebounded up from the buyer zone, making a fake breakout of the support level, and a not long time ago fell to the support line of the triangle. For this moment, I think that ETH can rebound from the support line to the resistance line of the triangle, therefore I set my target at 3085 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
Ethereum's $3,000 Dilemma: Bullish Rejection, Bearish Break-Out?Indecisiveness persists in the intraday chart as Ethereum hovers around $2,992, an intraday support zone. 1. A bullish rejection of $2,992 with momentum could offer a scalping opportunity, targeting $3,166, $3,370, and possibly extending to $3,551. 2. Closing H4 candles below $2,992 raises the likelihood of a downside move towards $2,898 and $2,787. 3. Alternatively, a lack of momentum may result in sluggish, sideways price action between $2,992 and $3,166. More details in signature!
by Trade-Lean
2
Ethereum has a Good Bullish Sign!Hi. BINANCE:ETHUSDT Today, I want to analyze ETH for you in a 1D time frame so that we can have a MID-term view of ETH regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). ➡️ETH has done a Impressive Movement recently but the odds of another bullish Movement is Pretty high because the pattern which ETH is in, Is a Bullish Flag Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens, we Can Expect a Bullish Movement as much as the Measured Price movement (flag pole) to happen! ✅ Due to the Ascending structure of the chart... 🟢 ETH has been Bullish Recently! 🟢ETH is in a Bullish Flag 🟢(AB=CD) 🟢Price is gonna Reach $4100 Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
#ETHUSDT UPDATE! FORMING BULLISH PATTERN!!Hello everyone! If you enjoy this content, please consider giving it a thumbs up and following for more crypto updates. Welcome to this ETH/USDT Quick Update! The chart suggests a potential bullish continuation for ETH. It's currently consolidating within a falling wedge pattern, historically considered a bullish reversal sign. There's also good support around $2900-$3000 (green zone). If the price holds above this level, a breakout from the wedge could be imminent, potentially leading to new all-time highs (ATH). Here's what could invalidate this bullish scenario: A daily close below $2820. What do you think about this? Let me know in the comments!
Long
by CoreCrypto1
Ethereum is undergoing correctionAt the point where we have placed a red arrow on the chart, Ethereum correction has started. Ethereum seems to be forming a diametric pattern. It can move from the specified Supply to the specified Demand. On the Demand range, you can look for buy/long positions. Closing a daily candle below the invalidation level will violate our buy/long view For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
2
💎 ETHEREUM (ETH) - Investment Opportunity (READ THE CAPTION)Upon analyzing the #Ethereum chart on a weekly (logarithmic) timeframe, it is observed that the price had grown by 169% from October 20, 2023, to March 11, 2024, reaching $4090, before finally experiencing a drop and correcting down to the $3000 range. After a correction, it is likely that we will see Ethereum grow back to its previous high of $4850. The long-term targets for Ethereum, in order, are $5000, $5500, $6600, and $8500. 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
Long
by ArmanShabanTrading
1
HelenP. I Ethereum will start to decline to support levelHi folks today I'm prepared for you Ethereum analytics. A not long time ago price rebounded from the trend line and made a strong impulse down to the support level, which coincided with the support zone, thereby breaking the 3325 resistance level. After this movement, ETH turned around and made upward movement, but soon declined back and some time traded near the 2950 support level. Then ETH in a short time rose almost to the resistance level, after which made little correction movement, and then finally reached the 3325 level, which coincided with the resistance zone and trend line. After this movement, Ethereum made an impulse down to the support zone, after which turned around and in a short time rose to the trend line, making a fake breakout of the 2950 level. Recently price bounced from this line and now trades near, for this case, I expect that Ethereum will rise to almost the trend line and then start to decline to the 2950 support level, which is my target also. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
1
Apr.30-May.6(ETH)Weekly market recapAt the beginning of last week, the market fell further, with BTC reaching below 57000. But then V-Reversal came along. Last Thursday, the FOMC was held. The Federal Reserve kept interest rates unchanged, in line with market expectations. However, monthly Treasury bond redemption dropped from US$60 billion to US$25 billion, exceeding market expectations. While a rate cut remains far off, the shift continues. Last Friday, the U.S. Department of Labor released U.S. employment data for April. After four consecutive months of strengthening employment conditions, it have weakened for the first time in mid-2024. BTC rebounded significantly after the employment data was released. And it has a superimposed effect with the slowdown in balance sheet shrinkage. The crypto market’s correction may have passed or is about to pass the lows. ETH rebounded after hitting a given support level. But the rebound did not retract the earlier losses. The bulls have not performed as well as the BTC bulls. From an indicator point of view, the wave area of the ME indicator has further narrowed, and the bullish trend has attenuated. A small number of blue bars representing whales appear on the WTA indicator, which indicates that whales are involved in bullish trades. However, one thing that is different from BTC is that there is no bottom-buying sentiment on the MBF indicator, which may be the reason why the performance is not as good as BTC. In summary, we believe that ETH will continue to act as a follower this week. It may continue to oscillate. We maintain our original resistance level 3700 and support level 2800. 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.
COINBASE:ETHUSD
by Sypool
1