Eth volatilityThe Ethereum (ETH) price in USD kept growing in value over the course of April 2021, at one point reaching over 2,500 U.S. dollars. Much like Bitcoin (BTC), the price of ETH went up in 2021 but for different reasons altogether: Ethereum, for instance, hit the news when a digital art piece was sold as the world’s most expensive NFT for over 38,000 ETH – or 69.3 million U.S. dollars. Unlike Bitcoin – of which the price growth was fueled by the IPO of the U.S.’ biggest crypto trader Coinbase – the rally on Ethereum came from technological developments that caused much excitement among traders. First, the so-called “Berlin update” rolled out on the Ethereum network in April 2021, an update meant to pave the way for reduced ETH gas prices – or reduced transaction fees. Second, the arrival of Uniswap V3 in May 2021 – a smart contract protocol - is expected to further optimize Ethereum trading.
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ETH is preparing for a huge movementSimilarly to BTC, ETH is probably forming a horizontal triangle, in fact, a huge one whose targets are astronomical, ~$4000 if it breaks to the upside, $1240 if it breaks to the downside. The upper resistance matches another important level, the EMA ribbon, which ETH is right now battling against, therefore, if ETH were to break to the upside, we would technically be bullish again.
Another important thing to notice is the decreasing volume, which is a clear indication that ETH is preparing to make a movement. Either direction, it is important to wait until we have a significant volume that confirms the breakout.
Remember to trade safely and let me know what you think about this idea.
ETH - To go above 41K !!!we can see ETH taking support near the green path area shown in chart. But Red line is current resistance line. Breakout of Red line could take price above 41K !!! Till then price could dance between red and green lines shown in chart, one may buy and go long now for quick returns since all crypto could spike or already moving up due to new crypto US President. And ETH is also expected to move up after the bull run ends in Bitcoin. so its good buy right now in ETH
ETH/USDT Bearish chart below $2660 so what next?$ETH/USDT Technical Analysis
CRYPTOCAP:ETH is trading around $2640, with a strong Bearish Order Block near $2660—high probability of rejection. If $2660 holds as resistance, a retracement toward $2450 is likely.
Note: A 4H candle close above $2660 will invalidate the setup, and I'll close my ETH/USDT short position.
Support: $2450 / $2300
Resistance: $2660
ETH asset price remains highThe ETH crypto is experiencing a surge of 0.27% in the last 24 hours, trading at $3044.3. The price action shows a falling wedge scenario, and bears are failing at $3000 support.
Therefore, if the demand for the ETH asset price remains high, it could bounce back from the current level. The next goal for the price could be is to break out and reach targets like $3350.0, and $3650.0.
However, if the ETH crypto price fails to stay above the $3000.0 level, it could decline further, which could trigger a downtrend.
ETH BEARISH STANDBearish View on ETHUSDT
Trade:
SellETH Perpetual future at $2050
Stop Loss: $2065
Target: $1965
Max Profit: $60/ETH
Max Loss : $40/ETH
Rationale:
The latest price action in ETH indicates a potential pause in the rally, with some retracements observed. Additionally, a newly formed supply zone/resistance has been identified on the charts.
Currently, the price is making an effort to retrace towards the supply zone at 2050.
We can use 2065 as stop loss of for invalidation of above setup.
ETH/USDT:- Bullish Momentum Building Towards 1760-1770 Levels ?In this technical analysis, we delve into the current market trends of the ETH/USDT trading pair. The Ethereum cryptocurrency has shown promising signs of bullish momentum, with key buying and selling levels identified for traders to consider.
Buying Area at 1760-1780 Levels:-
Ethereum's recent price action reveals a strong support zone between the 1760-1780 levels. Traders looking to establish long positions can consider accumulating Ethereum within this range, aiming to capitalize on potential price appreciation.
Price Targets at 1950-1960 Levels:-
The ETH/USDT pair is exhibiting a promising uptrend, with price targets set at the 1950-1960 levels. It is essential to monitor price movements closely, as a sustained breach above this range could trigger further gains.
Bullish Order Block Opportunity:-
An intriguing opportunity arises from the presence of a bullish order block at 1760-1770 levels. This block signifies a strong demand area, highlighting the potential for upward price movement. Additionally, if the market corrects itself and ETH/USDT retraces to the 1650-1680 levels, astute traders can consider this a "buy for bag" opportunity.
By staying informed about these key levels and potential opportunities, traders can position themselves for success in the dynamic world of cryptocurrency trading. Follow us on Trading View for real-time updates, in-depth analyses, and actionable insights to enhance your trading journey.
ETH Ascending Triangle Pattern Points to Potential BreakoutEthereum (ETH) traders have identified an intriguing chart pattern on the 30-minute timeframe—an ascending triangle pattern. This bullish continuation pattern suggests a potential breakout ahead. In this article, we'll delve into the pattern, outline the key levels, and propose a trade setup for traders to consider.
Ascending Triangle Pattern Overview:
The ascending triangle pattern is a reliable bullish continuation pattern characterized by a series of higher lows coupled with a consistent resistance level. This pattern signals a higher probability of an upward price breakout.
Current Scenario:
ETH is currently trading in proximity to the neckline resistance level, forming an ascending triangle pattern on the 30-minute chart. Traders should anticipate a minor dip before a potential breakout occurs.
Trade Setup:
Entry Level: $1840
Target: $1946
Stop Loss: $1824
View Negation:
Should ETH break below the critical support level of $1820, the pattern's validity would be invalidated, and traders should reconsider their position.
ETH Classic Breakout above $45. 61.8% is a Golden Retracement level, and ETH Classic has recovered much faster than the entire network and is on the cusp of a 61.8% Golden Reversal at $45. ETH Merge is the event that will push ETH Classic above this golden retracement level. Further, all indicators, whether short or long-term, indicate a buy. Read a thorough analysis on dasfinance.info.
The Volume Is also good.
RSI is close to 60, which is very good for a bear market.
MACD line has crossed above the Trend line.
Long ETH/USDT @4HR Forming a Ascending triangle.ETH/USDT @4hr
Formed a ascending triangle and also broke the resistance channel at top ...
Results a long opportunity above.
Confirmation:-
*Only If 4hr candle closes above 200Ema.
Entry - 2290$ to 3310$
Profit - 2350$, 2400$, 2450$, 2500$, 2600$.
Stop loss- 2275$.
#MMO
ETH/USDT @4hr
Formed a ascending triangle and also broke the resistance channel at top ...
Results a long opportunity above.
Confirmation:-
*Only If 4hr candle closes above 200Ema.
Entry - 2290$ to 3310$
Profit - 2350$, 2400$, 2450$, 2500$, 2600$.
Stop loss- 2275$.
ETH/USDT @4hr
Formed a ascending triangle and also broke the resistance channel at top ...
Results a long opportunity above.
Confirmation:-
*Only If 4hr candle closes above 200Ema.
Entry - 2290$ to 3310$
Profit - 2350$, 2400$, 2450$, 2500$, 2600$.
Stop loss- 2280$
ETH Price Primed for 6x Surge! Analyst Hints $2 Trillion Market Lark Davis, a prominent New Zealand-based crypto analyst, recently hinted at a huge 6x price increase for ETH Price from its current value. According to him, the market cap of ETH is growing at an unstoppable rate, and considering the success and development of the Defi business, the bulls seem to be on the side of the second largest coin. ETH has also jumped because of the significantly strong demand from institutional investors.
Ethereum Market Cap Poised for Massive Surge
According to CoinMarketCap, Ethereum’s market cap of $2 trillion reflects a roughly 550% increase from its current $309 billion valuation.
Ethereum seems to be reviving and may as well explode in the near future.
Source : Coinpedia
ETH 2 days before Bitcoin halvingSimilar to bitcoin, ETH has just finished correcting the 3rd beat in its double correction ABC wave: zigzag - flat - zigzag. This 5th wave C also has a dead end (very weak wave) and cannot withstand the strong uptrend of ETH. Keep your wits about you if you are an ETH holder trader
Eth on daily time frame with supp resis & fib retraceOn the daily timeframe, I analyzed ETH's price action using support, resistance, and Fibonacci retracements. Currently, ETH is finding support near the 50-day moving average and near the support level of $1554. If it breaks below this level, the next support level is at the Fibonacci value of 0.382, around $1490. The next Fibonacci value of 0.5 is at $1402. On the upside, there is resistance near $1718 and $1909. By looking at the chart, you can see the 20-day moving average (green), the 50-day moving average (yellow), and the 200-day moving average (red).
Note: Technical analysis can be a helpful tool for traders, but it's important to remember that the market can be unpredictable, and past performance does not guarantee future results. Always use proper risk management and keep up-to-date with market news and events that may impact your trades.