Ethereum (ETH) WEEKLY CHART UPDATE!!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis everyone, what are your thoughts on the chart? Please share your comments regarding the ETH weekly update.
Ethereum's downtrend seems to be tapering off as the price stabilizes above crucial support, resulting in a 2% weekly price increase.
Currently, ETH is trading within a range bound by $2,900 support and $3,370 resistance. Extended consolidation in this range could lead to a more impactful breakout.
Looking ahead, ETH recently experienced a bullish crossover on the daily MACD, potentially instilling optimism and reasserting bullish sentiment. Confirmation of a bullish bias requires breaching the $3,370 resistance level.
I have tried to bring the best possible results in this chart.
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ETHUSDT
ETH. Levels for intraday trading for the weekend 27-28.04.2024During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation.
If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP.
Levels are valid throughout the day, the date is in the title. The next morning I adjust the levels based on current data and publish a new post.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
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Levels are drawn before the European session, based on volumes and data from the CME. They are used as zones of interest for intraday trading. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat.
Do not reverse the market at every level. If there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern.
TV does not allow publishing timeframes smaller than M15.Reactions to levels and the search for entry points are more convenient to look at M5-M1.
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Support zone: 3025.27-3321.30Hello traders!
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(ETHUSDT 1M chart)
The HA-High indicator is formed at the 3321.30 point, so the key is whether it can support and rise around this point.
If it falls, you should check if there is support around the MS-Signal (M-Signal on 1M chart) indicator as it is passing around 2531.05.
(1W chart)
The 3025.27-3321.30 section is an important section.
Accordingly, the key is whether it can receive support and rise around the 3025.27-3321.30 area.
If it falls, you need to check whether it can be supported in the psychological volume profile section.
However, since the MS-Signal (M-Signal on the 1W chart) indicator is formed around 3025.27, if it falls below the MS-Signal indicator, you must prepare for a decline.
(1D chart)
The key is whether the price can be maintained above the MS-Signal (M-Signal on 1D chart) indicator and rise above 3321.30.
If not, you should check for support around 3025.27.
This volatility period lasts until April 30th.
Have a good time.
thank you
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched.
#BTCUSD 1M
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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Eth offering up an Elliott Wave soft ball here?If you find this information inspiring/helpful, please consider a boost and follow!
Ethereum appears to be printing a beautiful impulse here.
An impulse is a fantastic anchor in Elliott Waves.
There are many ways it can develop that could telegraph a potential for continuation, or a reversal.
I want to see a completed impulse down here at a lessor degree, followed by a retrace to an area of confluence, about 50% back internally to the smaller degree impulse, before looking for a continuation down.
Since, per Elliott wave, price is fractal it could snow ball into a larger move to the down side.
3356 would be the invalidation for a the short.
If that is broken I would wait for further upside to complete, and look for the same clues higher up.
If it completes down and the impulsive move up is complete here, PA does not move up past 3356, I would be looking for a reaction, in the form of an impulsive move up. If this occurs I would scout for an internal retracement of the reactionary impulse to confluence before looking for a long.
ETHEREUM - Price can continue to rise to $3445 resistance levelHi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊
A not long time ago price entered to rising channel, where it reached $3445 level, which coincided with resistance area.
Soon, price broke it and rose to $3728 points, exiting from channel and starting to trades in wedge.
Inside wedge, price made downward impulse from resistance line to support line of wege, breaking $3445 and $3015 levels.
Later ETH turned around and rose higher $3015 level, making fake breakout and some time trading near $3015 level.
Then price some time traded in wedge and recently in bounced up from support line, thereby exiting from wedge.
Now, I think Ethereum can make a small correction and then continue to rise to $3445 resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
📈Long Setup on ETHUSDT📉 / ETH ---> 3500$BINANCE:ETHUSDT
COINBASE:ETHUSD
📈ETHUSDT Daily Long Setup📈
⚡️long position with mid-risk status.⚡️
TP 1-2-3-4 and SL are on the chart.
The Alternate scenario: If the price stabilize below the Bollinger midline, the setup will be cancelled
⚠️Don't forget to de-risk your positions.⚠️
📈 Ethereum Market Analysis: Navigating the Range Box🔍Let's dive into today's market analysis! Overall, the market is still range-bound, but there has been a minor downward correction since yesterday. It seems like we're experiencing a correction of that minor dip today, but in reality, all these movements are happening within a range box, and they don't hold much significance in determining the long-term trend. Ethereum (ETH) was an exception yesterday, briefly dipping downwards before re-entering its short-term range box.
🔄If we look at it from a scalping perspective, Ethereum is currently within a range box from $3111 to $3167. However, this box is quite small and is more meaningful in the 1-hour timeframe rather than the 4-hour one we're analyzing. In the 4-hour timeframe, the price is within a larger box from $2899 to $3283, and we don't have a clear trend to rely on for trading. So, until a trend emerges, we're forced to reduce our targets and not expect sharp, dramatic price movements. If you're comfortable with short-term trading and not seeking high risk-to-reward ratios, you can trade within this range. But if you're only comfortable with high risk-to-reward ratios, I suggest you wait until the daily box is broken for a sharp move.
📈For a long position, if you're a scalper and can control yourself in lower timeframes without getting too excited, you can enter a long position after breaking $3167. However, be mindful that, as I mentioned, you shouldn't expect high risk-to-reward ratios. The confirmation for this area would be the midline of the RSI, or 50, coinciding with the break of $3167. However, keep in mind that currently, the SMA25 is above the candlesticks, and the ideal scenario for this position is for the SMA25 to be broken and for the price, when breaking $3167, to play the role of support rather than resistance and cause the price to rise. The area where the price dipped is also the Point of Control (POC) of the fixed range volume profile, which is another confirmation that the price has strong support. For a more confident long position, wait for the price to reach $3283 and see its reaction.
🎯If the market experiences a decline, our first trigger is $3111, but the point to note here is that just below this area, we have the POC, which is a very important area and may prevent the price from coming down easily and hitting the target, maintaining momentum. So, I recommend waiting for the price to reach the support range we had previously and, based on its reaction, finding its trigger. Lastly, keep in mind that today is Sunday, and the volume is very low. Overall, because we're inside a range box, traders are trading less, resulting in low market volume. So, if I were you, I'd reduce my risk a little to avoid losing the profits I've made in these days.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
Elliott's Wave analysis at Ethereum ETH priceToday's wave analysis based on #ETHUSDT
The only open question, at least for us, is whether the A-B-C correction within the 4th wave has already been completed or not.
↗️ If it has, then buyers should not allow the price of CRYPTOCAP:ETH to fall below $2925 and, accordingly, continue to grow according to the blue scenario.
↘️ If it hasn't ended yet, then market players are still waiting for an impulsive drop in the #ETHUSD price to the $2525 area. After that, the price may recover according to the white scenario.
Which scenario do you prefer, which do you believe in more?
#ETH/USDT 4-HOUR CHART UPDATE BY CRYPTOSANDERS! 📈🚀Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
4-hour ETH chart: Sideways consolidation near $3K support, then bullish surge towards $3234-$3324 resistance. Sellers regained control, causing renewed bearish momentum. Price expected to remain within the $2.8-$3.3 range until breakout.
"I've strived to deliver the utmost precision in this chart. If you find it valuable, don't hesitate to hit the like button and share your insights in the comments section."
Thank you.
ETHEREUM → Consolidation continues. The market is waiting for...BINANCE:ETHUSD is declining following BTC on the back of the crisis in the Middle East, but the price still has not left the sideways range and even more so has not passed through the risk zones, which still leaves the coin in a favorable prospective area
Ethereum is trading in a bullish plane, above the previously broken resistance of the upward range, which tells us that the market is in a bullish trend phase forming a retest of support as part of a counter-trend correction.
The entire cryptocurrency market is standing still in anticipation of a bitcoin halving, which could happen in 3 days. How the market will react is unknown, there is a high probability to see a long-slide before further growth or growth at once.
Resistance levels: 3200, 3730
Support levels: 2910, 2850, Channel Border
Technically, another retest of the support is possible, but we should wait for the formation of a reversal pattern relative to the lower levels in order to catch the growth. Or we should pay attention to 3200 and wait for the formation of a pre-breakout setup and trade the breakdown of resistance.
Regards R. Linda!
Ethereum mid-term's is bearishIt looks like we have a FLAT pattern on the chart. Wave B of this flat is a diametric, now the wave e of this diametric is over and the price has entered wave f of B.
We expect such a move from Ethereum in the medium term.
The target is the green box.
Closing a 3-Day candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Ethereum can make small movement up and then bounce downHello traders, I want share with you my opinion about Ethereum. Looking at the chart, we can see how the price some time traded between the resistance level, which coincided with the seller zone, and after the price broke it again, ETH turned around and in a short time declined to 3230 points, breaking the resistance level one more time. Then the price a few moments later turned around and made a strong upward impulse, breaking the 3530 level again, but soon turned around and entered to downward pennant. In this pattern, ETH made a downward impulse to support line, breaking 3530 and 3115 levels. But soon, Ethereum made impulse up from the support line of the pennant to the support level, which coincided with the support area and even rose higher but later declined back to the support line. A not long time ago price bounced from the support line and in a short time rose to the resistance line of the pennant, breaking the 3115 level again. Soon, Ethereum exited from the pennant pattern and now it continues to rise. In my opinion, ETH can rise a little more and then decline to the 3115 support level, which is my target. Please share this idea with your friends and click Boost 🚀
ETH/USDT BULLISH PATTERN! READY TO GO UPSIDE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this ETH/USDT Update.
ETH/USDT is forming a bullish Adam & Eve double bottom pattern, suggesting a potential trend reversal towards higher prices.
Analysis:
Adam's Cup: We see a clear downward movement followed by a rounded bottom reversal, forming the left cup of the Adam & Eve pattern.
Eve's Cup: The price is completed with a similar rounded bottom, potentially forming the right cup (Eve's cup) of the pattern.
Neckline: A trendline can be drawn connecting the lows of both cups, forming the neckline. A breakout above this neckline is already done and it is a bullish signal.
Indicators:
Moving Average: The price is also breaking above the 100D moving average.
Target:
The measured move target for the Adam & Eve pattern would be the height of the first cup (Adam's cup) added to the breakout point above the neckline.
Stop Loss:
A stop loss can be placed below the neckline for risk management.
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ETH: Channel Down PatternTrade setup : Trends are mixed but price remains above 200-day moving average, which keeps the long-term uptrend intact. It’s now trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Neutral on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $2,960 - $3,040, then $2,700. The nearest Resistance Zone is $3,600, then $4,000 and $4,800.
Ethereum price is plunging after the Dencun upgradeHi everyone,
Ethereum price rose above 4000 level prior to the Dencun upgrade and started to fall afterwards. Ethereum price already dropped for almost 25% from the local high and there is possibility that it can go below 3000 level for a short period of time.
There is 3200 - 3000 support area from where price is bouncing back but there is possibilty that price can break that area and plunge below. In this scenario most likely price can touch upper boundary of 2700 - 2600 support area which will be sweet spot to buy Ethereum in long term.
I remind that roughly in two weeks time Bitcoin halving event will happen and historicaly real alt season started afterwards. Even if there will be some deeper correction on Bitcoin after the halving it won't last for a long period of time and even if Ethereum price drops below 2700 support it won't stay there for too long.
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ETHUSDT→ at the bottom!hello guys...
as you can see, this coin is in the bottom line of the broken ascending channel and the descending channel at the same time!
it is a great chance for the price to start another upward movement! but if the orange area is broken up.
so you can put a stop limit order for a long position that if the price engulfs the 3305 area then your long position will be active!
but if the orange area will not break then the price will break down the ascending channel to reach the 2540$ area!
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✓✓✓ always do your research.
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Apr.16-Apr.22(ETH)Weekly market recapUnder the conflict between Israel and Iran, many short-term holders have entered a state of loss, the capital market has released risks. NDX and technology stocks have experienced a week of losses so far. In the crypto market, although many Altcoins have experienced significant callback, BTC has never effectively penetrated 60000. Continued inflows into ETFs and the supply and demand changes brought about by the halving provide bulls.
In the early morning of last Saturday, BTC completed its fourth halving. At the time of halving, BTC did not experience large fluctuations. Although U.S. economic conditions do not support an immediate interest rate cut, we are still moving toward easing. Therefore, we believe that BTC may experience as the previous halvings, and refresh ATH within the one year.
The main DeFi activities in the current market are staking and re-staking. The previous drop punctured the the bubble of circular staking, causing the health of leverage to rise. After the halving, there will be no major events in the crypto, and price fluctuations will return to changes in monetary policy.
ETH’s performance continued to be weak last week. While BTC remains volatile at high levels, ETH rebounds in a downward channel. During the rally, like BTC, the blue columns representing whales turned into a red columns representing sharks. This shows that whale participation gradually decreases as the price rebounds. The ME indicator continues to narrow and is close to switching into a bearish trend.
To sum up, we believe that ETH may rise driven by BTC this week, but there is a high probability that it will perform worse than BTC, and the ETH/BTC rate may fall again. We maintain our original resistance level 2800 and support level 3700.
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.
ETH/USDT 4HInterval ChartHello everyone, let's take a look at the ETH to USDT chart considering the four-hour time frame. As we can see, the earlier entry into a long position resulted in an increase of about 6% at this point, at this point we can see an attempt to break out of the downward trend line, which could result in an upward movement towards the red zone. However, support for the coming days will be the previous resistance level around $3,000.
ETH → Am I only one who see it bearish?hello guys...
as you can see the orange area worked like a resistance area and the price couldn't break it yet!
on the other hand, the internal trendline is so close to the price!
also, you can see the price moving below the descending channel!
all of these are bearish reasons! why is the price compressed here?! due to the bottom line of the ascending channel I suppose!
you can consider it bearish until the price breaks the internal trendline!
___________________________
✓✓✓ 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 comment
Ethereum- Back to 4k, confirmation is needed thoughAfter breaking below the horizontal support level in the 3.2k zone two Saturdays ago, BITSTAMP:ETHUSD remained below this crucial level throughout last week.
However, after initially reversing upon touching 2850, Ethereum tested that level again and reversed once more on Friday, forming a prominent daily Pin Bar on our chart.
As of now, the price has returned to the resistance zone (the former support), and a break back above it would indicate a false breakout and the completion of the correction.
I am bullish on Ethereum and am inclined to buy on dips.
My target is a retest of the 4k mark.