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Ethereum (Cryptocurrency)

Why BTC is going down ? Follow up Today, BTCUSDT has reached one critical point. In the past analysis linked here, we were waiting for two left-behind point, one between 56k and 53k and another below 51k, around 45k. The price recovered the inefficiency, kept the lateral movement on the 60k resistance, consolidated by returning to the 63k level. I was looking for a probable BARR but, as said in the past analysis, the pair had few liquidity and interest point to reach before increase and start the post-halving bull run. The decreasing trend line fake out on the begin of the month can be mistaken for a break out, but the price did not draw a strong BOS and satisfying the fibonacci TP and level on the monthly inefficiency level (purple line). This new bearish movement of the last few days included all crypto pairs. Ethereum, Ripple, Solana, Dogecoin... everyone's price decreased. From a technical point of view, the price have reached our POI, point of interest zones. For Bitcoin we were waiting a recover around 56-53k, which were a inefficiency zone left behind from February 2024. It's impressive the reactivity of the price around our levels, snipers ! There are still areas to cover. On higher tf, the price is creating a M-pattern, indicator for an imminent bearish run. It would be in line with our analysis. The price would cover those missing areas, consolidating and the start a bull run. I am confident on a return around 42k before the long run. I have just a note, a little thing that does not make sense so far : the price in below the Halving-level and this happened just another time before. Anyways, from an historical and fundamental point of view, the price has always increased after the halving (that's the aim). Are there any fundamentals points which have to be essentially consider for a fair analysis ? Are institutions and big whales a turning player for this halving as never before ? Let's see..
Long
by itsmcasalinii
Why BTC is going down ? Follow up Today, BTCUSDT has reached one critical point. In the past analysis linked here, we were waiting for two left-behind point, one between 56k and 53k and another below 51k, around 45k. The price recovered the inefficiency, kept the lateral movement on the 60k resistance, consolidated by returning to the 63k level. I was looking for a probable BARR but, as said in the past analysis, the pair had few liquidity and interest point to reach before increase and start the post-halving bull run. The decreasing trend line fake out on the begin of the month can be mistaken for a break out, but the price did not draw a strong BOS and satisfying the fibonacci TP and level on the monthly inefficiency level (purple line). This new bearish movement of the last few days included all crypto pairs. Ethereum, Ripple, Solana, Dogecoin... everyone's price decreased. From a technical point of view, the price have reached our POI, point of interest zones. For Bitcoin we were waiting a recover around 56-53k, which were a inefficiency zone left behind from February 2024. It's impressive the reactivity of the price around our levels, snipers ! There are still areas to cover. On higher tf, the price is creating a M-pattern, indicator for an imminent bearish run. It would be in line with our analysis. The price would cover those missing areas, consolidating and the start a bull run. I am confident on a return around 42k before the long run. I have just a note, a little thing that does not make sense so far : the price in below the Halving-level and this happened just another time before. Anyways, from an historical and fundamental point of view, the price has always increased after the halving (that's the aim). Are there any fundamentals points which have to be essentially consider for a fair analysis ? Are institutions and big whales a turning player for this halving as never before ? Let's see..
Long
by itsmcasalinii
ETH/USD Ready to Break $4000? Key Levels to WatchEthereum (ETH) is gearing up for a significant move, but first, it needs to overcome the substantial liquidity wall at $3700. This level poses a critical resistance that must be cleared before we can set sights on the $4000 mark. If ETH can break through $3700 with strong volume, the path to $4000 becomes much more attainable. However, there's a possibility of a pullback to form a double bottom before making a decisive breakout.
BINANCE:ETHUSD.P
by crypto_vulture_signals
Etherem ready for Big Pump ?#Ethereum Chart Analysis #ETHUSDT is currently trading within a bull flag/parallel channel. We're waiting for a breakout before entering any trades. - Bearish Scenario: If CRYPTOCAP:ETH breaks down below the support level at $3650, we might see a decline toward $3152, which is the last Fair Value Gap (FVG). - Bullish Scenario: If #ETH holds the $3152 level, we could see an upside move toward $4000. A break above $4000 resistance could trigger a strong bullish move toward the $6000-$7000 range. Let's watch closely and stay updated on the price action.
by CryptoPatel
1
Ethereum Technical Analysis - ETH has been very dominant in the crypto market recently because of its ETF Approval - A lot of people are missing out on the S-1 Form Approval and bought the FOMO - Institutions are going to bring back prices to the equilibrium and make sure they are accumulating things for cheap - 3100-3400$ can act as a very strong Demand/Area Of Interest that can easily bring price down and then show another impulsive move towards 5000$ - Ethereum looks bearish as of now/short term so take decisions accordingly
Long
by VKtradesimbalance
2
#ETH/BTC Analysis: Major Support Trendline and Falling Wedge Bre#ETH/BTC Analysis: Major Support Trendline and Falling Wedge Breakout The 3ETH/BTC trading pair has been in a downtrend for the past 28 months, consistently forming lower highs and lower lows. However, recent price action indicates a potential reversal pattern that could signal the end of this prolonged bearish phase. Ethereum is currently taking support from a significant trendline and has formed a falling wedge, a bullish reversal pattern. Traders and investors are now eagerly awaiting a breakout, which could pave the way for Ethereum to reach new all-time highs, potentially hitting the $15,000 mark against Bitcoin. **Major Support Trendline:** Over the past 28 months, ETH/BTC has been respecting a major support trendline. This trendline has acted as a critical support level, preventing further declines on multiple occasions. Recently, Ethereum has once again found support at this trendline, indicating a strong base and potential for a reversal. **Falling Wedge Pattern:** A falling wedge is typically considered a bullish reversal pattern that forms after a downtrend. It is characterized by converging trendlines that slope downwards, with the upper trendline having a steeper slope than the lower one. In the case of ETH/BTC, the falling wedge pattern has been forming over several months, signaling that the downtrend might be losing momentum. **Breakout Confirmation:** For the falling wedge pattern to be validated, ETH/BTC needs to break above the upper trendline of the wedge. A confirmed breakout would typically be accompanied by increased trading volume, indicating strong buying interest. Once this breakout is confirmed, it would suggest that the bearish trend has ended, and a new bullish phase is beginning. **Price Target:** The breakout from the falling wedge pattern could lead to significant upward momentum for ETH/BTC. Based on technical analysis and historical price movements, Ethereum could reach new all-time highs, potentially climbing to the $15,000 level against Bitcoin. This price target is derived from measuring the height of the wedge at its widest point and projecting it upwards from the breakout level. **Conclusion:** The #ETH/BTC pair has been in a downtrend for the past 28 months, but recent price action indicates that a reversal might be on the horizon. Ethereum is taking support from a major trendline and has formed a falling wedge pattern, both of which are bullish signals. Traders and investors should keep a close eye on the price action for a confirmed breakout above the upper trendline of the wedge. If this breakout occurs, it could propel ETH/BTC to new all-time highs, potentially reaching the $15,000 mark. This presents a compelling opportunity for those looking to capitalize on Ethereum's next major bullish run.
Long
by crypto_vulture_signals
2
#ETH/BTC Falling Wedge: Ready for a Bullish Breakout#ETH/BTC Analysis: Major Support Trendline and Falling Wedge Breakout The 3ETH/BTC trading pair has been in a downtrend for the past 28 months, consistently forming lower highs and lower lows. However, recent price action indicates a potential reversal pattern that could signal the end of this prolonged bearish phase. Ethereum is currently taking support from a significant trendline and has formed a falling wedge, a bullish reversal pattern. Traders and investors are now eagerly awaiting a breakout, which could pave the way for Ethereum to reach new all-time highs, potentially hitting the $15,000 mark against Bitcoin. **Major Support Trendline:** Over the past 28 months, ETH/BTC has been respecting a major support trendline. This trendline has acted as a critical support level, preventing further declines on multiple occasions. Recently, Ethereum has once again found support at this trendline, indicating a strong base and potential for a reversal. **Falling Wedge Pattern:** A falling wedge is typically considered a bullish reversal pattern that forms after a downtrend. It is characterized by converging trendlines that slope downwards, with the upper trendline having a steeper slope than the lower one. In the case of ETH/BTC, the falling wedge pattern has been forming over several months, signaling that the downtrend might be losing momentum. **Breakout Confirmation:** For the falling wedge pattern to be validated, ETH/BTC needs to break above the upper trendline of the wedge. A confirmed breakout would typically be accompanied by increased trading volume, indicating strong buying interest. Once this breakout is confirmed, it would suggest that the bearish trend has ended, and a new bullish phase is beginning. **Price Target:** The breakout from the falling wedge pattern could lead to significant upward momentum for ETH/BTC. Based on technical analysis and historical price movements, Ethereum could reach new all-time highs, potentially climbing to the $15,000 level against Bitcoin. This price target is derived from measuring the height of the wedge at its widest point and projecting it upwards from the breakout level. **Conclusion:** The #ETH/BTC pair has been in a downtrend for the past 28 months, but recent price action indicates that a reversal might be on the horizon. Ethereum is taking support from a major trendline and has formed a falling wedge pattern, both of which are bullish signals. Traders and investors should keep a close eye on the price action for a confirmed breakout above the upper trendline of the wedge. If this breakout occurs, it could propel ETH/BTC to new all-time highs, potentially reaching the $15,000 mark. This presents a compelling opportunity for those looking to capitalize on Ethereum's next major bullish run.
by crypto_vulture_signals
1
#Ethereum Breakout: Will ETH ETF Decision Propel Prices to $6000#Ethereum Eyes Breakout: Will ETH ETF Decision Propel Prices to $6000? CRYPTOCAP:ETH is showing bullish signs with a falling wedge/bull flag pattern and a strong bounce off support. ETH ETF decision on Thursday. Deadlines for 4 ETF issuers are at the end of this month, starting May 23rd. Potential Targets: - Approval: #ETH could soar to $5000-$6000. - Rejection: ETHUSDT might drop to $2500-$2000. Conversely, a rejection, especially if based on the classification of tokens as securities, could lead to a downturn in ETH and #DeFi assets. Strategy: Consider a spot long position, but avoid excessive leverage due to potential volatility. Stay informed and trade smart.
Long
by CryptoPatel
#Ethereum Super Bullish Elliott Wave Analysis Towards $10,000#Ethereum Super Bullish Elliott Wave Analysis Towards $10,000 Target 1️⃣ ((C)) Zigzag Pattern: On the ETH/USDT 1D chart at the cycle degree, wave ((C)) of a Zigzag pattern appears to be unfolding. The projected target for this wave is $3,250. 2️⃣ Diagonal Wave 4: On the $ETH1D chart at the primary degree, Wave 4 down of an ascending Diagonal is currently in progress. The anticipated target for this corrective wave is $3,050. 3️⃣ Diagonal Wave [ ]: On the #ETH 1D chart at the Supercycle degree, Wave [ ] of an ascending Diagonal seems to be developing. The projected target for this significant wave is between $9,000 and $10,000. Please Correct if I'm Wrong & Must Appreciate if you Happy with My Analysis. Thank you Family. Stay informed with our detailed technical analysis.
GEMINI:ETHUSDLong
by CryptoPatel
#ETH/USDT Rebounds Strongly: Golden Ratio at Play#ETH/USDT has formed a double bottom pattern and is currently bouncing from the golden ratio (0.618 Fibonacci retracement level), indicating a strong support level. The next significant resistance level is around $3350. If Ethereum manages to break above this resistance, we could see a further upward movement towards the $4000 mark. The double bottom pattern is a bullish reversal pattern, suggesting that the price could continue to rise after a period of consolidation or decline. The bounce from the golden ratio adds to the bullish case, indicating that buyers are stepping in at key technical levels. However, it's essential to monitor the price action closely, as a failure to break above the $3350 resistance could lead to a retest of the support levels. Traders should also consider other factors such as market sentiment, news events, and overall market conditions when making trading decisions.
BITSTAMP:ETHUSD
by crypto_vulture_signals
$ETH Flag Pattern Alert: Below $2000 or Above $3300 for Bull RunCRYPTOCAP:ETH Flag Pattern Alert: Below $2000 or Above $3300 for the Next Bull Run Bullish Outlook: #Ethereum is forming a bullish flag pattern, but the real confirmation will come with a breakout above $3300. Until then, don't fall for potential fakeouts. Entry Strategy: Consider buying below $2000 if prices dip. A sustained breakout above $3300 could propel #ETH toward $10,000. Support: $2200/$1500 Resistance: $3300/$4000 Watch Out: Keep a close eye on price action before making high-leverage trades.
Long
by CryptoPatel