Ethereumprice — Trading Ideas on TradingView

Ethereum (ETH/USD) Technical Analysis — Bearish Rejection Below 🔍 Ethereum (ETH/USD) Technical Analysis — Bearish Rejection Below Resistance ⚠️ 📅 Date: June 4, 2025 📊 Chart Type: 2-Hour Timeframe 💱 Exchange: Binance --- 🧠 Overview: The chart displays a clear range-bound market between well-defined resistance and support zones. The most recent price action suggests a rejection from the resistance region, hinting at a possible downward move toward support. --- 🟧 Key Levels: Resistance Zone: $2,720 – $2,760 Price has tested this zone multiple times and failed to break above decisively. Marked as a strong supply area where sellers dominate. Support Zone: $2,460 – $2,490 This area has historically attracted buying interest, causing price reversals. --- 📉 Market Structure & Price Action: The recent swing high formed a lower high relative to the peak on May 29, suggesting bearish momentum. A projected bearish move is marked on the chart with a blue arrow 📉, forecasting a drop from around $2,640 down to the support zone near $2,480. Multiple failed attempts to break resistance signal a potential trend continuation to the downside within this trading range. --- ⚠️ Trading Implications: Short-term bias: Bearish 🔻 Confirmation needed: A breakdown below $2,600 with volume would strengthen bearish conviction. Target for bears: $2,480 support area Invalidation zone for this outlook: A breakout and close above $2,760 would shift the bias to bullish. --- 📌 Conclusion: Ethereum is currently trading within a well-defined horizontal channel. With the latest rejection near resistance, the probability favors a move down to the support area. Traders should monitor key levels closely for confirmation before entering positions. 📈 Tip: Use proper risk management and watch for candlestick confirmation at critical levels.

Ethereum (ETH/USD) Price Action Analysis (1-Hour Timeframe)📊 Ethereum (ETH/USD) Price Action Analysis (1-Hour Timeframe) 📈 🔍 Chart Context: Timeframe: 1-hour (intraday outlook) Asset: ETH/USD (Binance) 🟠 Key Levels & Observations: ✅ Support Zone: Around $2,470 - $2,500 (highlighted with orange boxes). Price consistently tests and respects this area multiple times, indicating strong demand. ✅ Resistance Levels: First significant resistance: $2,710 - $2,720 (highlighted with blue lines). Extended target: around $2,760. ✅ Recent Price Action: Clear higher low formation at the support zone, suggesting potential reversal. Previous swing highs are well marked (orange circles), hinting at potential resistance retests. ✅ Chart Patterns: Double bottom / accumulation pattern forming at the highlighted support zone. Strong bullish reaction expected on successful retest. 🎯 Trade Setup Idea: Entry: Near $2,500 support zone. Target: Initial take-profit zone around $2,720. Extended Target: If momentum continues, $2,760 level. Stop-Loss: Below $2,470, ideally near $2,450 for risk management. 📈 Technical Bias: Bullish bias in the short term, driven by repeated support tests and signs of reversal. Chart hints at breakout potential if price overcomes $2,720. ⚠️ Risk Management & Cautions: Key risk: False breakouts below $2,470 could trigger bearish continuation. Maintain a favorable risk-reward ratio (e.g., 1:2 or better). Market volatility can increase rapidly; keep trade sizes appropriate. 🚀 Summary & Conclusion: 🔵 Bias: Bullish 🔵 Entry Zone: $2,470 - $2,500 🔵 Target Zones: TP1: $2,720 TP2: $2,760 🔵 Stop-Loss: Below $2,450 🔵 Key Indicators: Structure break, price respecting support, bullish engulfing candle potential.

ETHEREUM USDT PERPETUAL Wait for structure to develop in ethereum and you can go long/short depending on BO/BD

Ethereum Support levels Ethereum support levels will help you stay cautious at these levels

ETH/USD ETH/USD(Bitfinex) Ethereum has seen a price jump due to the hard fork fever but couldn't manage to sustain momentum and dipped 25%+ recently after the hard fork got over. Bullish Case: After the recent drop it tested the support level of $116-$117 and jumped(15%+) to $131 price level recently. If it manages to hold this level $116+ and breaks $151+ price level then we might test $200 level in the coming days/weeks. Bearish Case: It manages to break the long term downtrend-line(dotted line) but couldn't sustain above it long enough due to recent sell off. If it doesn't hold the $107-$111 level then it might see price level below $80 in the coming days/weeks. Overall the recent case of price movements for ethereum has been "Buy the rumour , Sell the news" example which happen quite often in cryptocurrency.

Ethereum Long-Term View Ethereum Overview Ethereum(ETH) has suffered about 94+% correction(drop) since the all the time high-level point($1425) reached in January’18. One key point to note that its following similar trend/pattern to Bitcoin of upward and downward movement in the market. Let's analyze price action for Ethereum (ETH/USD) over the long term and proceed to highlight any potential areas of support and resistance moving forward. Long-Term Analysis (Monthly Timeframe) Scenario 1: Bullish (Uptrend) If the Monthly candle (December) closes above $102 price level with strong buy volume then we might see the price the testing the "Resistance(Sell) Zone 1" ranging from $199-$278 within few weeks/months. If it manages to close above "Resistance(Sell) Zone 1" then it will retest "Resistance(Sell) Zone 2" ranging from $407-$521 within few months. Few other factors in confluence with the bullish scenario: 1) Stochastic RSI is in the Oversold Region (its a region where asset price is likely to rebound or bounce). 2) Selling Volume (red bars at the bottom of the chart) is declining i.e. sellers are getting exhausted. Scenario 2: Bearish (Downtrend) If the Monthly candle (December) closes below $102 price level with strong sell volume then we might see the price testing the "Support (Buy) Zone 1" ranging from $47-$60 within few weeks/months. If that support zone(1) doesn't hold up (no buying pressure) then we might see "Support (Buy) Zone 2" ranging from $11-$15 which is not a healthy sign. Factors in confluence with Bearish Scenario Support Zone 2 ranging from $11-$15 is the High of the previous resistance zone of September 2016. Scenario 3: Ranging Scenario Ethereum did range between price levels $173-$248 for 3 months (September-November'18) before making a major move downtrend to $80's price level. There are permutations and combinations you can apply between different zones (Resistance and Support) on the chart to form Ranging Zones. These are areas where major market participants (Institutional Investors) accumulate before a big change in direction of the price. Note: Monthly time frame charts illustrates the movement of price over a long-term horizon and are most often used by long-term investors. Short-Term Analysis (Daily and Weekly) Scenario 1: Bullish (Uptrend) If Ethereum closes above $115 in weekly time frame then we might restest "Resistance Zone 1" ranging from $156-$184.This zone will be difficult to break or surpass since it could have acted strong support but couldn't. Hence, it will require greater buying pressure(interest) to go through this zone. If it manages to break with large buy volume then chances of next bull cycle happening is likely. We get the confirmation of next bull cycle happening only when it breaks the "Resistance Zone 2" ranging from $360-$400. Scenario 2: Bearish (Downtrend) If Ethereum weekly candle closes below $83 price level then there are two Bounce(rebound) zones namely Support Buy Zone 1 ranging from $40-56 and Support Buy Zone 2 ranging from $11-15 in coming weeks and months for potential Bullish reversal. News and event analysis: There are few development news(catalyst) coming in the month of January,19 like Constantinople mainnet hard fork is scheduled for block #7080000, estimated around the 16th of January, 2019. Constantinople features changes designed to increase the platform’s efficiency, alter its economic policy and delay the so-called “difficulty bomb,” a piece of code meant to encourage the network to alter its core consensus algorithm(Proof of work) to Proof of Stake algorithm. Secondly, There is an Ethereum Nowa(ETN) fork. What is ETN? ETN is the abbreviation of Ethereum Nowa, and also the blockchain assets and currency code of Ethereum. What is the fork time? January 12, 2019 Each ETH holder receives ETN in the ratio of 1:1 for free. Conclusion: Ethereum remains in 3rd position, in terms of overall market cap rankings along with Bitcoin and Ripple. The 40-month-old coin is now experiencing its first bear market and has already corrected enough(94% down) to commence its new bull cycle in coming weeks/months. Overall cryptocurrencies are seeing a lot more green(price surge) over the past couple of days and there are speculations that the crypto winter might be over as buyers are returning. Utility(real use cases) of any crypto asset will eventually become a key point for the growth in the cryptocurrency industry.