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ETHEREUM PREDICTIONAs you all can see we witnessed a good rally in ethereum.
but $289 is a crucial resistence level , after which we may see a correction in prices upto $255-250.
if $289 is crossed then we may see a further up move.
According to MACD , trend is soon going to end . and we may see a correction.
Same depicted by RSI, which is in its overbought zone.
So keep an eye on $289. its crucial resistance.
sell @ $289.
buy@ $255-250 levels.
HAPPY TRADING!
Ethereum (ETH) Price Prediction — Will ETH Hit $1700 Soon?Ethereum (ETH) Current Market Status
According to CoinGecko, the price of Ethereum (ETH) is $1,295.25 with a 24-hour trading volume of $7,480,811,788 at the time of writing. However, ETH has increased by nearly 0.8% in the last 24 hours.
Moreover, Ethereum (ETH) has a circulating supply of 120,914,876 ETH. Currently, Ethereum (ETH) trades in cryptocurrency exchanges such as Binance, FTX, KuCoin, Gate.io, HuobiGlobal
Ethereum (ETH) Price Prediction 2022
Ethereum (ETH) holds the 2nd position on CoinGecko right now. ETH price prediction 2022 is explained below with a daily time frame.
Descending Channel also known as the falling channel . A descending channel is formed by two parallel trendlines . The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market.
Currently,Ethereum (ETH) is in the range of $1300. If the pattern continues, the price of SHIBINU(SHIB) might reach the resistance levels of $ 1700,If the trend reverses, then the price of Ethereum (ETH) may fall to $1200
Happy Trading
Live : Ethereum (ETH/USDT) Levels for 11th October 2024Ethereum (ETH/USDT) Levels for 11th October 2024
The live chart for Ethereum shows significant price movement with strong support and resistance levels.
Resistance Levels (Red):
2,472.23
2,458.29
These levels indicate where selling pressure is expected. Ethereum has touched near these zones but struggled to break above, signaling resistance and potential selling interest.
Support Levels (Green):
2,395.55
2,379.18
These are the areas where buyers are stepping in, showing strong support. If the price falls near these levels, it is expected to see buying momentum kick in, preventing further decline.
Currently, Ethereum is trading at 2,441.66, with a significant upward move of +2.30%, showing bullish momentum. Traders should be cautious around the resistance levels and look for buying opportunities near the support zones for possible entries.
Ethereum (#Ethereum) tests its long-term trendline support When Ethereum (#Ethereum) tests its long-term trendline support, it often sparks a significant upward market movement, known as a bull rally.
#Pattern_Recognition: Ethereum (#Ethereum) has shown a recurring pattern where testing its long-term trendline support has resulted in substantial bull rallies.
#Historical_Timing: Notably, each of these support tests has historically occurred in the month of January.
#Projection_for_2024: If the historical trend continues, there's a possibility of witnessing a similar upward market movement or bull rally in January 2024, following the long-term trendline support test.
Ethereum "Broadening Top" PatternEthereum "Broadening Top" Pattern
Hourly (4H)Time Frame Analysis
A bullish reversal pattern is a broadening bottom. Two divergent lines that are horizontally symmetric form the pattern. As a result, it is a reverse symmetrical triangle. As a result, the oscillations between the two triangle terminals are becoming increasingly large.
Currently, Ethereum is in the range of $1175. If the pattern continues, the price of Ethereum might reach the resistance levels of $1350 .If the trend reverses, then the price of Ethereum may fall to $1150.
Entry Point Above 1215
Target 1350
Stop Loss 1150
Happy Trading
✅ Ethereum Classic Price Analysis "FW"The above chart of Ethereum Classic (ETC) laid out the falling wedge pattern. In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal.
This pattern indicates a breakout in the price trend towards an upswing. From the above chart, we can interpret that the momentum of the downtrend is slowing down.
Currently, Ethereum Classic (ETC) is in the range of $35.80. If the pattern continues, the price of Ethereum Classic (ETC)might reach the resistance levels of $45.60 If the trend reverses, then the price of Ethereum Classic (ETC) may fall to $33.70
✅Trade Level
Entry Point : $36.70
Target : $45.60
Stop Loss : $33.70
Happy Trading
Ethereum Update With Same $6K Target On Strong Bullish Breakout We have the same chart here we looked at on August 4, Ethereum aims at $6000 (see it here) .
We have really strong technicals in favor of the bulls/green side.
The consolidation has been really strong with the price staying above the blue space on the chart (our "last barrier").
The price not dipping lower is a good/positive signal.
The longer we have this type of bullish/sideways consolidation at the top, the better the outlook becomes for the bulls.
Breaking below EMA21 ($3165) would be a bearish signal yet we remain strongly bullish above the EMA50 line at $2680.
Overall the outlook continues to be pretty good.
Ethereum (ETHUSD) continues strong.
Namaste.
Ethereum "Last barrier" | Aims At $6,000We've been looking at Bitcoin lately and neglecting Ethereum and other Altcoins... What a surprise to see the ETHUSD chart.
Join me for some cryptocurrency chart related entertainment.
Ethereum (ETHUSD) Daily TF Chart Analysis by Alan Santana
ETHUSD is now facing resistance while slowly but steadily moving higher...
We can see a strong resistance level between $2700 - $3000, which I am calling the "last barrier".
If this level can be taken out, which seems very likely to happen, we can see Ethereum hit $3800 to move and challenge next its All Time High.
Depending on how the ATH is handled we can aim at $5000+ to hit $6,000... This is all strongly possible in a flash.
The chart we are looking now fully support the scenario I describe above.
We have low volume yet prices are cripping up.
We are in the summer yet crypto remains strong.
We have a very strong RSI and MACD.
If the whales/bots/market makers push the bottoms, we will see massive/sudden bullish action form.
As the last barrier is taken out, we can see ETHUSD hit $6,000+.
This is how Crypto works...
One day it is completely as sleep.
The next day it is worth more than Gold.
Namaste.
Ethereum Moving Below Support, Incoming Drop! (Altcoins Update) Another one of the big buys, Ethereum (ETHUSD), is also aiming lower...
What do you think will happen when big money flows out of Bitcoin, Ripple, and Ethereum?
Where is this money going?
The smaller altcoins of course... We are talking about thousands and thousands of altcoins.
---
Back to Ethereum...
We can see prices moving below EMA10 and the exact same signals we saw on the Bitcoin (BTCUSD) chart.
We have the indicators, MACD and RSI, trending lower as well as bearish divergence with both.
We also have a bearish cross on the MACD and the bear volume being clearly stronger than bull volume since the beginning of the month.
This is no big deal...
This is not a problem...
Prices go down, just as they go up.
You always get a retrace after a strong bullish move.
Conditions for change
We would need to see Ethereum (ETHUSD) move above the last high and staying there for the bearish bias that is developing now to be canceled out.
For now, we are aiming for lower prices.
Thanks a lot for reading.
Namaste.
Ethereum ETH price analysis: ETH price stuck below $185The queen of cryptocurrency Ethereum (ETH) is volatile Ethereum ETH price analysis charts are a telltale of the thrashing it received for one reason or another. In the past five days, the Ethereum price went up as high st $192. but unable to break through to the previous high of $192.86 on the 29th of October, but unable to break through to the $200 psychological barrier. Read More
Ethereum (ETH) Chart Analysis ### Chart Overview:
This **Ethereum (ETH) chart price action** on a 1-hour timeframe with Heikin Ashi candles. Various indicators, such as volume, MACD, RSI, and custom elements like support, resistance, and divergence patterns, are used to enhance the analysis. The chart highlights a **double-bottom pattern**, volume trends, and bullish divergence.
### Key Chart Features and Pattern Observation:
1. **Double Bottom Pattern**:
- The chart identifies two significant "bottoms" (marked as Bottom 1 and Bottom 2) at support levels.
- This is a bullish reversal pattern, suggesting potential upward momentum.
2. **Support and Resistance**:
- Key support levels are visible at **$3,501.00** and **$3,516.00**.
- Resistance levels include **$4,018.50** and the target price at **$4,096.00**.
3. **Heikin Ashi Candles**:
- The current candles show a bullish trend with consecutive green candles following Bottom 2.
4. **ATR Trailing Stops**:
- Suggestive of a breakout above previous consolidation, supported by bullish momentum.
### Indicator Analysis:
1. **Volume**:
- Volume spiked significantly near Bottom 1, indicating strong buying activity at lower levels.
- Gradual increase in green volume bars signals growing bullish interest.
2. **MACD**:
- The MACD line has crossed above the signal line (bullish crossover) near Bottom 2.
- Histogram bars transitioning from negative to positive territory confirm increasing bullish momentum.
3. **RSI**:
- RSI shows a **bullish divergence** near Bottom 2, with price creating a lower low while RSI forms a higher low.
- The RSI value at 77.89 suggests the asset is entering overbought territory, signaling caution for new entries.
### Key Levels or Price Levels:
- **Support Levels**:
- $3,501.00 (strong support).
- $3,516.00 (intermediate support).
- **Resistance Levels**:
- $3,748.15 (intermediate resistance).
- $4,018.50 (major resistance).
- $4,096.00 (target level).
### Overall Summary:
The chart displays a bullish reversal setup with the double bottom pattern, confirmed by increasing volume and positive momentum in the MACD and RSI indicators. Price action above the resistance zone indicates a potential continuation toward the target level. However, the RSI nearing overbought territory suggests monitoring for potential pullbacks.
### Recommendation or Trading Strategy:
1. **For Long Positions**:
- Enter above $3,748.15 with a target at $4,018.50 and $4,096.00.
- Place a stop-loss below $3,516.00 to protect against downside risk.
2. **For Short Positions** (if price fails to sustain above resistance):
- Consider entering near $4,018.50 with a target back to $3,748.15 or lower.
- Tight stop-loss above $4,096.00 to limit losses.
3. **Additional Notes**:
- Monitor volume for confirmation of breakout or reversal.
- Consider partial profit booking as the price approaches $4,018.50.
### Conclusion:
Ethereum shows strong bullish momentum with the double bottom pattern, bullish divergence, and positive indicator confirmations. While the trend favors further upside, overbought RSI conditions caution against overextending positions. Traders should align entries and exit with key levels while managing risk through disciplined stop-loss placement.
ETH/BTC Showing Momentum with Alt Season PotentialEthereum (ETH) is currently holding strong at the $4000 price level while Bitcoin (BTC) has reached a significant milestone of $100,000. Historically, this creates favorable conditions for an altcoin season, with Ethereum often leading the charge. Recent ETF inflows into ETH indicate institutional interest, adding further strength to the bullish narrative.
Technical Analysis:
On the ETH/BTC chart:
ETH is consolidating above key support at 0.04011 BTC, showing resilience.
A breakout above the resistance zone at 0.04120 BTC could trigger a move towards 0.04253 BTC (+6.03%), as marked in the forecast.
Moving averages (20 EMA and 50 EMA) are aligned bullishly, with price action staying above both. The volume is steady, suggesting accumulation.
Trade Plan:
Entry: Enter on a confirmed breakout above 0.04120 BTC with strong volume.
Target: First target at 0.04253 BTC (+6.03%), with potential for further upside depending on market momentum.
Stop-Loss: Place a stop-loss below the recent swing low at 0.03960 BTC to minimize risk.
Macro Factors to Watch:
Monitor BTC dominance for signs of a shift toward altcoin strength.
Keep an eye on ETH price momentum at $4000—sustained strength here will reinforce the bullish ETH/BTC scenario.
ETF inflows and macroeconomic data impacting cryptocurrency markets could provide additional catalysts.
This setup offers a good risk-reward ratio, aligning with broader market trends and technical confirmation. Let's see if alt season delivers! 🚀
Ethereum Struggles Near Key Support ZoneThe Ethereum (ETHUSDT) market is facing significant pressure as it trades within a defined consolidation zone near $3,081. Multiple attempts to break above the $3,215 resistance level have failed, signaling a potential shift in sentiment.
Technical Insights:
Resistance Challenges: The $3,215 level has repeatedly rejected price advances, forming a triple-top pattern that reinforces bearish sentiment.
Key Support Zone: The area between $3,023 and $3,081 is acting as crucial support. A breach of this zone could lead to further downside pressure.
Bearish Continuation: If the price fails to hold above the current support, Ethereum could target lower levels near $2,900, aligning with the broader bearish trend.
Outlook:
Traders should monitor price action closely within the support zone. A breakdown below this area could trigger aggressive selling, while a sustained move above $3,215 might suggest a bullish recovery. However, the prevailing trend remains bearish unless a strong reversal signal emerges.
Ethereum is ready for a Positional Trade on Weekly tfHello Traders,
Get ready to play a positional trade in ethereum on weekly tf.
The correction was started from the levels of 4868 in Nov2021 and after 18 months of correction the ethereum is getting ready for an uptrend.
Let's understand the technical data
ema(20,50,200) - Buy
ema(100) will act as a Resistance1
Level 2023 will act as a Resistance2
Breakout of the channel line.
MACD - Bullish Crossover
- Histogram is building momentum
Bollinger Band - Squeezed
The price confirms the uptrend on the breakout of 2023 level (Resistance2)
The overall chart structure also shows the signals of an bull run.
Thanks and keep trading
Er. Simranjit Singh Virdi
Ethereum Crypto Currency : Low Risk and high reward ratio
Hello All, I am back again, with another profitable trade ... Ethereum Crypto Currency..
As you can see Ethereum is at crucial stage, One can expect a bounce back from this stage, if it does, you can expect a rally of 50% -60% upside…
Pls Note: these are for education purpose, trade as per your understanding and knowledge ....
Risk is to reward ratio is mentioned .... Risk of 5% -6% and reward of 50-6% 🙂
ETH bounced beautifulEthereum against BTC got a beautiful bounce of the support of the rising wedge. Since we're still inside the wedge I'm still incredibly bullish on Ethereum (even more then on Bitcoin). We just flipped the resistance of 0.071139 into support.
The next level that I'm watching is the red line at 0.731. I think we're going to see some action of ETH very soon.
Let's freaking go!
Ethereum Bullish Weekly Close | Will It Hit $4,9K or $5,3K Next?We have another very good close for Ethereum (ETHUSD) on the weekly timeframe.
Last week closed above $3,600, this can lead to even higher prices.
Now, $3,900 might sound like a lot but only if you are comparing to earlier prices... Remember when Bitcoin was $3,000?
Bitcoin is now worth over $58,000 for one single coin... Ethereum can go through something similar... Remember that this bull market will last for years to come.
There is a lot of room at this point for a correction to take place... But we are reading charts here, just as we have room for lower prices we also have room for more gains.
Trading or not, buying or not, will depend if you are buying for the short or long-term.
Based on my Fib. projections, ETHUSD can hit over $4900 next.
We are supported by the TD sequential, the RSI and the MACD as well.
This is a tricky one... Make sure to plan before you trade.
Will you hold if you buy and it drops?
If it rises, will you sell, how much, and when?
Let us know in the comments...
Thanks a lot for your support.
Namaste.
ETHUSD $170.00 breakout neededEthereum is struggling to recover above the $150.00 resistance level, following last weeks sudden drop towards the $135.00 support zone. ETHUSD bulls need to rally the cryptocurrency above the $170.00 level to change the short-term bearish outlook. Ethereum continues to have a high correlation to Bitcoin and could trade sideways until BTCUSD bulls return.
• If the ETHUSD pair trades above the $150.00 level, key resistance is found at the $158.00 and $170.00 levels.
• If the ETHUSD pair trades below the $150.00 level, key support is found at the $143.00 and $135.00 levels.
Ethereum Price Likely to surge Amid Ethereum future' AnnouncemenHeath Tarbert, head of the United States Commodity Futures Trading Commission (CFTC) talked about the future of cryptocurrency and the government regulations on cryptocurrency as well in the recently held Yahoo Finance’s All Markets Summit in New York City on October 10.
The native derivative cryptocurrency of the Ethereum ecosphere, ETHER was seen as a commodity that is selected in the US to be regulated by CFTC, Ether is supported on a public, open-sourced blockchain-based platform that attributes smart contracts.
Source: TheCoinRepublic
Ethereum’s New Innovation & Pillar named “Athereum”The mysterious group named The Rocket Team uncovered Avalanche which is a ground-breaking understanding component between the new Snow-Avalanche group of conventions, which is presently expedited the main savvy contract stages “Ethereum”. A rising mix of these two is seen in the crypto economy.
Emin Gun Sirer who is Cornell educator and AVA labs organizer unveiled about Athereum in the ongoing held DEVCON 5, Athereum viewed as the Avalanche — put together matrix with respect to AVA, which is bolstered on “Blockchain 3.0” systems. AVA labs detailed with Medium Post that the Athereum task is an “Inviting Fork” which is utilized for the welfare of the Ethereum environment utilizing new advancement and research conceivable outcomes.
Source: TheCoinRepublic
