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ETH / USD Price Analysis: Bearish InertiaEthereum / USD Short-term price analysis ETH has a neutral short-term trading bias, with the cryptocurrency falling back towards its 200-period moving average on the four-hour time frame. The four-hour time frame continues to show a valid head and shoulders pattern, with bulls failing to negate the bearish pattern during the latest rally in the ETH / USD pair. Technical indicators have turned bearish on the four-hour time frame and are currently generating sell signals. Pattern Watch Traders should note that a bullish inverted head and shoulders pattern will form on the four-hour time frame if the ETH / USD pair advances towards its current yearly trading high. Relative Strength Index The RSI indicator on the four-hour time frame has also turned bearish and shows scope for further downside. MACD Indicator The MACD indicator on the four-hour time frame has turned bearish, with the MACD signal line now issuing a sell signal. Ethereum / USD Medium-term price analysis ETH retains a bullish medium-term bias, with the ETH / USD pair still trading well above its key 200-day moving average. The daily time frame is showing a small inverted head and shoulders pattern in play, while an even larger inverted head and shoulders pattern could take shape if the ETH / USD pair moves above the $200.00 level. Technical indicators on the daily time frame currently have a slight bullish bias, although downside pressures are building. ETH / USD Daily Chart by TradingView Pattern Watch Traders should note that critical weekly support for the ETH / USD pair is currently located at the $150.00 level. Relative Strength Index The RSI Indicator on the daily time frame remains bullish, although downside pressures are building. MACD Indicator The MACD indicator on the daily time frame is neutral, with the MACD histogram and the MACD signal line failing to issue clear trading signals. Conclusion ETH is coming under downside pressure in the near-term after bulls failed to rally the ETH / USD pair to a fresh 2019 trading high during last week rally. Bulls must start to make new higher price highs and force the cryptocurrency above the $200.00 level or the bearish pattern on the four-hour time frame could soon be triggered into action.
BITFINEX:ETHUSD
by CryptoBriefingTA
ETH analysisSupport and resistance—the yin and yang of crypto trading. Let’s dive into the mystical world of ETH (Ethereum) and decipher its price moves like seasoned sorcerers. 🧙‍♂️ Support Spells: These are the invisible safety nets beneath ETH’s feet. When the price stumbles, they whisper, “Fear not, hodler!” Here’s where they lurk: $3,120 Zone: A cozy spot where ETH sips chai and says, “I shall not fall further!” $3,165: The 100-hourly Simple Moving Average—ETH’s trusty sidekick. Resistance Enchantments: These are the force fields above ETH’s head. They fend off bullish ambitions. Look up, my friend: $3,280 Zone: The gateway to moonland. If ETH breaks through, fireworks! $3,800: The mystical number where resistance dances. It’s like a bouncer at a VIP party. Pivot Point Potions: The magical average of high, low, and close prices. Imagine a cauldron stirring: PP (Pivot Point): The center of the spell circle. R1 (1st Resistance): Twice the PP minus the low—ETH’s secret weapon. S1 (1st Support): Twice the PP minus the high—ETH’s safety cloak. Remember, fellow crypto wizards, ETH’s journey is full of twists. So grab your wands (or trading apps) and chant, “Bull or bear, we ride together!” 🚀🔮 #CryptoMagic #ETHPrice #FinancialSorcery
COINBASE:ETHUSD
by vkfincare09
#Ethereum Eyes Retest: #ETH/USDT Key Levels to Monitor#ETH/USDT situation, focusing on the potential retest levels due to decreasing volume and the formation of a bearish shark pattern: #ETH/USDT Analysis: Decreasing Volume and Bearish Shark Pattern Indicate Potential Retest Levels ### Decreasing Volume Volume is a crucial indicator of market strength. When the price of an asset rises while the trading volume decreases, it often suggests that the upward momentum is losing steam. In the case of ETH/USDT, the decreasing volume indicates that the buying pressure is weakening, which may limit the potential for reaching higher price targets. ### Bearish Shark Pattern The bearish shark pattern is a harmonic pattern that signals a potential reversal or correction in the price of an asset. This pattern typically consists of five points labeled as O, X, A, B, and C, and follows specific Fibonacci retracement and extension levels. For ETH/USDT, the formation of a bearish shark pattern suggests that the price is likely to face resistance and could be due for a retest at lower support levels. The bearish shark pattern, combined with the decreasing volume, strengthens the case for a potential pullback. ### Potential Retest Levels Given these technical indicators, ETH/USDT might retest certain key support levels: 1. **Retest Around $3,030** - This level has acted as a significant support in recent trading sessions. If Ethereum's price retraces, it is likely to find initial support around $3,030. If the price manages to hold at this level, we might see a temporary bounce or consolidation. 2. **Retest Around $3,025** - If the $3,030 support level fails to hold, the next critical support level to watch is around $3,025. This level has historical significance and could act as a stronger support. A retest at this level would be crucial in determining whether ETH/USDT will stabilize or continue its downward trend. #Conclusion #ETH/USDT is currently showing signs of potential weakness with decreasing volume and the formation of a bearish shark pattern. Traders should be prepared for possible retests at $3,030 and $3,025. Monitoring key technical indicators and market sentiment will be crucial for making informed trading decisions during this period.
BINANCE:ETHUSD.P
by crypto_vulture_signals
ETH / USD Price Analysis: Losing ChargeETH / USD Short-term price analysis Ethereum has a bearish short-term trading bias, with the cryptocurrency now trading below its 200-period moving average on the four-hour time frame. The four-hour time frame shows that a bearish head and shoulders pattern has taken shape, with the ETH / USD pair now testing towards the neckline of the pattern. Technical indicators are bearish on the four-hour time frame and continue to generate sell signals. Pattern Watch Traders should note that the downside target of the bearish head and shoulders pattern on the four-hour time frame extends towards the $125.00 level. Relative Strength Index The RSI indicator on the four-hour time frame has turned bearish, although it is attempting to correct from oversold territory. MACD Indicator The MACD indicator on the four-hour time frame has turned bearish and continues to issue a sell signal. ETH / USD Medium-term price analysis Ethereum retains a bullish medium-term trading bias, with the ETH / USD pair still trading above its trend defining 200-day moving average. The daily time frame is still showing a valid inverted head and shoulders pattern, although the ETH / USD pair has now fallen below the neckline of the bullish pattern. Technical indicators on the daily time frame have turned bearish and have scope to correct even lower. ETH / USD Daily Chart by TradingView Pattern Watch Traders should note that the inverted head and shoulders pattern on the daily time frame has yet to reach its overall upside target of $230.00. Relative Strength Indicator The RSI Indicator on the daily time frame has turned bearish and shows scope for further downside. MACD Indicator The MACD indicator on the daily time frame is bearish, with both the MACD histogram and the MACD signal line issuing sell signals. Conclusion Ethereum is staging a strong short-term technical correction with the bearish head and shoulders pattern on the four-hour time frame suggesting that the ETH / USD could trade even lower. Ethereum still has the potential to trade higher over the medium-term if the inverted head and shoulders pattern on the daily time frame remains valid.
BITFINEX:ETHUSD
by CryptoBriefingTA
ETH: Make or Break Moment!Ethereum ( CRYPTOCAP:ETH ) is at a critical stage, standing at the crossroads of new ATH glory or a potential bull trap. 🔥 📊 Key Observations: • ETH is showing strong momentum, but resistance at this stage could dictate its next big move. • A breakout here could propel it to a new all-time high, breaking barriers and leading the altcoin charge. • On the flip side, a rejection might signal a bull trap, pulling the market lower for a liquidity grab. 💡 What to watch: 1️⃣ Volume: Is there enough buying pressure to fuel a breako/ut? 2️⃣ BTC’s Influence: Will Bitcoin’s movement support ETH’s push higher? 3️⃣ Macro Resistance: How CRYPTOCAP:ETH reacts to key levels will set the tone for the coming days. 🔮 My take: Ethereum has the potential to lead the next bull wave, but caution is key. A decisive breakout would be a bullish signal, but patience is essential if the market falters. Is this the start of a new ATH, or are we heading into a bull trap? Drop your predictions below! 🚀👇
Long
by ashwani500
ETH to form a pullback situation and riseEthereum's open interest is $6.38 Billion. As per Coinglass, another crypto analysis website, it rose by 1.63% in the previous session. The long versus short ratio for 24 hours is 0.9814. The short liquidation is $7.34 Million versus $14.69 Million for the long liquidation. What Can Ethereum Price Prediction (ETH) Be, Based On Technical Analysis? An analyst, Yoddha, optimistically states that Ethereum is one of the most bullish altcoins and has already traded above the previous yearly high. He also highlighted the drawing where he presented that in the last time cycle, when the previous high was breached around 2020, the price boomed and formed a new peak. So, By the shared drawing, the analyst highlights a possible bullish run. Similarly, based on the analyst tweet, the ETH asset daily chart shows that it has remained above the 50-day and 200-day EMAs, portraying bullish strength in the long term. The past price structure shows that ETH has been trying to form a pullback for a more significant rally after breaking out of the wedge. The buyers are showing support buildup at the $3500 support level. At press time, the price has traded at $3512 with an intraday surge of +1.28%, with a market capitalization of $421.72 Billion. The volume-to-market cap ratio currently stands at 3.32%, signifying low liquidity, and the market needs more liquidity for a higher ascent. Likewise, despite the fall, the MACD portrays that the price is still bullish territory, above the zero line at 21.5, in a safer zone until it's above the 200-day EMA. The RSI flashed at 45.54, signifying low strength in the momentum, as it has been trying to sustain around 50 median lines. Based on technical tools, the Ethereum crypto could become winning steam by forming a bullish cross and rsi moving above(DYOR). It could continue to climb higher in future sessions. Ethereum Price Forecast! Therefore, for ETH to form a pullback situation and rise, the next goal for the ETH price could be to reach the above levels, such as $3720 and $3900. On the contrary, if the price plunges and trades below the 50-day EMA, then the pullback situation would fail, ETH would lose its bullish significance, and the price would seek lower support in search of a perfect spot to form a pullback. Likewise, in this scenario, if the Ethereum crypto price fails to stay above the $3260 level, it could also decline further to $3060.
BITSTAMP:ETHUSDLong
by Sam_TCR
ETH experienced growth recentlyIn recent times, the Ethereum network had experienced significant changes, with its price structure also showing notable fluctuations in line with the overall market. The recent Dencun upgrade, also called Cancun-Deneb, was rolled out a couple of weeks ago on Ethereum (ETH) with the aim of enhancing the functionality and performance of the network, (which includes scalability, efficiency, and security), by introducing several improvement proposals (EIP). Nevertheless, after this improvement, the value of Ethereum (ETH) has dropped, nearing the $3,000 price threshold. Despite the descending wedge pattern and a lower low structure, ETH experienced growth recently, with a 0.48% increase over the past day. As of the time of writing, ETH is priced at $3,077.5, as per Trading View data. ETH has experienced a 34.07% increase since the beginning of the year, as well as a 28.96% rise in the past three months, and has recently surpassed the $3,000 mark again. Based on the analysis, ETH is projected to hit a target of $3,240 and a higher target of $3,370 depending on buyer backing. Not rising could benefit bears, resulting in price declines to $2,895 and $2,740, respectively.
BITSTAMP:ETHUSDLong
by Sam_TCR
ETH on the verge of breakout?ETHEREUM key levels to look out for: Interim support - $3300 - $3330 Immediate resistance - $3500 1st Target - $4087 2nd Target - $4870 (All Time High) ETH - The boss of all ALTCOINS. We depend massively on ETH for a crazy bull run and the biggest ever ALTCOIN Season! With Mr. Donald Trump closing in on swearing an oath (in January) to become the next Prez. of The USA, and his vision to make USA, the world's largest cryptocurrency hub, we are in for a treat. ETH is currently forming a bull pennant , promising a break-to-the-upside. Break and re-test above $3500 would push the bull cycle in motion, and all other altcoins will follow ETH's lead. Ethereum ETFs have been seeing a good inflow of cash from the biggest institutions like - Blackrock . Now that the whole world has started to accept cryptocurrencies as the next best thing, it is about time the investors are heavily rewarded. I personally have leveraged my positions at 3-5x and have been accumulating ETH at every dip, expecting to make some decent profits with my on-going positions. Keep HODL-ing guys, you're about to witness the greatest bull-run that the world has ever seen! Follow for more such content. Wanna catch moves like these, but don't have enough time to analyze the markets? Swinger 2.0 + MKL Levels AI Indicators - tradesindicate.in
Long
by Mukul_9
ETH BEARISH STANDBearish View on ETHUSDT Trade: Sell ETH Perpetual future at $2220 Stop Loss: $2260 Target: $2170 Max Profit: $50/ETH Max Loss : $40/ETH Rationale: The most recent movement in ETH suggests a potential temporary halt in the upward momentum, with noticeable retracements in play. Moreover, a recently established supply zone/resistance has been pinpointed on the charts. At present, the price is in the process of retracing towards the supply zone at 2240. For risk management, we recommend setting a stop loss at 2260 to invalidate the aforementioned setup.
Short
by Delta-Ex-research
ETH BULLISH STANDBullish View on ETHUSDT Trade: Buy ETH Perpetual future at $2250 Stop Loss: $2180 Target: $2350 Payoff: Max Profit: $100/ETH Max Loss : $70/ETH Rationale: ETH has exhibited a pattern of achieving higher highs and higher lows in its daily price movements. Notably, it broke through key pivot levels at 2275 during the recent trading session, signifying a promising upward trajectory. Examining the 4-hour chart, it’s evident that the price is consistently adhering to established support / demand zones. This steadfast adherence underscores the robust buyer sentiment in the market. We can use 2180 as stop loss of for invalidation of above setup.
Long
by Delta-Ex-research
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