Get started

Search in ideas for "ETH"

Ethereum (ETH/USDT) at Critical Support – Breakout or Breakdown?📉 Ethereum (ETH/USDT) 4H Chart Analysis 🔴 Current Price: $3,220.06 (-0.95%) 📊 Indicators & Patterns: Downtrend Resistance: A descending trendline is acting as resistance. Support Zone: The red highlighted area (~$3,220) is a key support level. 200 EMA: At $3,320, acting as resistance. 🔮 Possible Scenarios 1️⃣ Bullish Case 🚀: If ETH holds the support and breaks the descending trendline ($3,320), it could test higher levels around $3,400 - $3,500. 2️⃣ Bearish Case 📉: A breakdown below the support ($3,220) could trigger a fall towards $3,100 or even $3,000. 🎯 Key Levels to Watch Resistance: $3,320 (EMA 200), $3,400 (Trendline) Support: $3,220 (Zone), $3,100 (Next Major Support) ⏳ Conclusion ETH is at a critical decision point. A bounce could lead to a breakout, but failure to hold could trigger more downside. Watch for a reaction around $3,220! 🚦
by MrStellanSight
2
The next turn is for ETH Buy zone 2683 T.profit 3100 STP 2530The next turn is for ETH If you haven't taken advantage of the opportunity to BUY at 2583 Please refer to Buy zone 2683 T.profit 3100 STP 2530 - BTC increased differently than ETH's increase last week, - ETH loss has been lower than BTC in the past 1 month - The shakeout level at 2200 is very strong and the accumulation is large. - We will feel the risk if there is large liquidity at 3000-3200 or else it will still be attractive. Good luck!
COINBASE:ETHUSDLong
by ngohungsky941
1
Will ETH Price Optimism Revive Or Plummet More? From the global woes, the hit taken by Ethereum (ETH) happened to be devastating; the price over the week together dumped more than 35%. The failure of buyers' strength led to the massive dump that resulted after the destroyed level of $2900. It has declined below 200-day, and 50-day EMA's. The MACD showed a bearish cross with a broadening histogram downwards at 96.6. However, the loss of strength in price decline has been caught by RSI, as it has entered extremely oversold territory below 30 at 18.92. Since RSI has been oversold, there happens to be a higher probability for ETH to show a resurgence. Therefore, if ETH bounces back, then the resistance would lie at $2900, and $2500, respectively. However, the breach of $2150 would give bears the downward target of $1900 and $1550, respectively.
BITSTAMP:ETHUSDLong
by Sam_TCR
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
Solana Beats ETH In Profitability For The First Time: What’s NexSolana Beats ETH In Profitability For The First Time: What’s Next Solana's profitability outshines Ethereum, crossing the $2M mark in economic value, while Ethereum sees a post-peak downturn due to the EIP-4844 rollout. Post-event optimism has fueled investor confidence, casting the $200 threshold as the new benchmark for Solana's ascent. Solana has surpassed Ethereum in terms of profitability for the very first time. As per Leon Waidmann who is a popular on-chain analyst highlighted that Solana recently eclipsed Ethereum in daily economic value. He further added that the analysis does not include Ethereum's role as a medium of exchange and energy source on its various Layer 2 (L2) solutions. t.co Leon Waidmann | On-Chain Insights🔍 (@LeonWaidmann) May 15, 2024 This development underscores Solana's escalating influence within the blockchain sphere and suggests a possible shift in the dominance among top blockchain platforms. Let's delve into the implications of Solana's remarkable progress and its potential effects on the future valuation of SOLNA crypto. The Tectonic Shift in Blockchain: Solana's Emergence A detailed examination of Solana and Ethereum's economic values revealed that from February to May 2024, Ethereum's economic value soared to FWB:40M before experiencing a decline, eventually leveling out between $10M and $15M. In contrast, Solana demonstrated a consistent upward trajectory, ultimately eclipsing Ethereum with an economic value slightly above $2M by May 12, signifying a pivotal shift in the blockchain landscape. For the first time ever, @solana has recently eclipsed @ethereum in daily economic value or "revenue" for Boomers.Friendly reminder that CRYPTOCAP:SOL is currently 1/5th the value of CRYPTOCAP:ETH . pic.twitter.com/darZVOXDYz— ◢ J◎e McCann 🧊 (@joemccann) May 14, 2024 The term "total economic value" encapsulates the aggregate value of all network transactions over a given timeframe, encompassing transfers, trades, and smart contract engagements, thereby serving as a barometer for the blockchain's comprehensive activity and practicality. Moreover, Solana's capacity to process thousands of transactions per second (TPS) at a substantially lower cost than Ethereum has rendered it a preferred platform for various applications, including decentralized finance (DeFi), non-fungible tokens (NFTs), and decentralized applications (dApps). This increase in utilization and adoption has played a crucial role in Solana's landmark accomplishment. Investors Fueled Confidence: Can Solana Eye $200 As Next Milestone? At the time of writing, Solana had reported a positive development of 7.07% intraday, surpassing the 50-day exponential moving average. Despite this gain, it remains within bearish zones. The immediate resistance is at the $160 mark, and overcoming this could pave the way to further gains, potentially reaching $175 and the significant $200 milestone. Should Solana break past the $160 resistance, it could signal the conclusion of its corrective trend, potentially initiating a bullish phase that might lead to a new high for the year. Nonetheless, a broader market rally would be essential to sustain this upward momentum.
CRYPTO:SOLUSDLong
by Ritika_TCR
$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
Ethereum Technical Analysis Update#Ethereum Technical Analysis Update Chart Pattern: Bull Flag Formation Ethereum is showcasing a classic bull flag pattern on the ETH/USDT chart. This is often a bullish continuation pattern, indicating potential upward momentum if the market conditions align. Key Breakout Level: $3,250 If Ethereum breaks and holds above the $3,250 resistance level, we are likely to witness a significant rally. A successful breakout could potentially set CRYPTOCAP:ETH on a path to a new all-time high! Keep an eye on this crucial level for decisive moves. Support: $2,750 Resistance: $3,250 Trade Wisely and Always Use Stop Loss.
Long
by CryptoPatel
Ethereum Ready for $3000 or $1500 ?CRYPTOCAP:ETH Chart Pattern: #Ethereum price is currently experiencing a bullish pattern in higher time frames, forming both a symmetrical triangle and a bull flag. The breakout and subsequent retest of the support level have been confirmed, indicating a potential target of $2,800. However, if the price of #ETH breaks down below the $2,240 support level, it could turn bearish, potentially dropping to the $1,900-$2,000 range. It is always important to trade with caution, considering the trend and confirmations before making any decisions. #TRBUSDT #BULLRUN2024 #HappyNewYear
Long
by CryptoPatel
Ethereum Symmetrical Triangle Chart Analysis #Ethereum Symmetrical Triangle Analysis CRYPTOCAP:ETH #ETH is currently forming a symmetrical triangle, presenting a potential breakout or breakdown scenario. A successful breakout above the $2340 level indicates a bullish trend till $3000 Target. But Conversely, a breakdown below the symmetrical triangle support at $2200 suggests a bearish trend And Traders should be prepared for a potential retest of the $1500 level in this scenario. - Avoid Blind Trades: - Trade with confirmed signals. - Utilize technical analysis for precision.
Long
by CryptoPatel
Ethereum Long-Term ViewEthereum 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.
BITFINEX:ETHUSD
by coinswitch-trading
Depends On ETH ETF Approval, Will It Go parablic Like BTCIn terms of an ETH ETF approval, the simple math from the dates of BTC ETF approval and how it performed. The BTC ETF was approved on January 10th, and It could be asserted that in the 63 days following the BTC spot ETF approval it rallied nearly 75% to the upside towards $73,500. Similarly, as per the hypothesis, if the ETH ETF gets approved by SEC, and on applying the similar possible scenario, if this playbook repeats the same percentage upside that bitcoin exhibited, after its approval this would take ethereum to a price at $6,446 in 63 days time.
CRYPTO:ETHUSDLong
by Sam_TCR
#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