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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
#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 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.
Long
by TheNewsCrypto
ETHEREUM TRADE IDEAS Hello friends here I am sharing the chart of Ethereum, so here I took the time frame of 4 hour as you can see the three different zone are there mentioned on chart (Resistance Zone, Breakout retest Zone, Demand Zone) So I am explaining my trading ideas for it below IDEA 1-: It will reach to breakout retest zone and will give a bounce from there to the resistance zone. IDEA 2-: If it will break support ( Breakout retest zone) and will got to next support mentioned as support 2 on chart and can go up for above levels after bounce. -:Levels Price Are Mentioned Below -:Breakout Retest & Support Zone ( Price 1916) -:Resistance zone If Bounce From Support ( Price 2070) -:Support 2 Zone ( Price 1833)
BINANCE:ETHUSD
by AMIT-RAJAN
9
Ethereum analysis on the daily timeframe with supp & resisBased on the daily timeframe analysis of Ethereum (ETH), we can observe that the cryptocurrency is currently facing important support and resistance levels. If the daily candle closes below 1681, we may see a pullback to the Fibonacci retracement levels of 0.382 and 0.5, which are located at around 1400. This area could serve as a significant support level, where buyers may step in and push the price higher. However, if the daily candle closes above 1681, we may see a rally towards the resistance levels of 1753 and 1896. These levels may pose challenges for buyers as the price could encounter selling pressure and struggle to move past them. Traders and investors should keep a close eye on the price action near these key levels, as they may provide useful insights for making trading decisions. It is important to remember that technical analysis is only one aspect of the market and should be considered alongside other factors before making any investment decisions.
by nawaab001
Ethereum looks really bullish wooowHELLO dear Treaders : After a very long time, ETH has reached the declining trend line that you can see in the chart and looks strongly bullish. Since Nov 2021, when the bear market began and the price of bitcoin and others alt-coins started to drop from their all-time high, ETH price has hit this trend line, twice (as you can see in chart). The first time, the price hit the decreasing trend line was at USD 3570, in Apr 2022 and the second time happened today at USD 1700. In my opinion, ETH can reach higher prices after this bear market and in my point of view, there is a great opportunity to buy ETH at USD 1700 in spot (You can consider this buy position for your future trading but do not over leverage your positon!) In daily time frame, ETH can break USD 1700 and start a new bull run. The first ETH strong resistance line is around 2630/2650 and therefor until we reach that price point, do not over leverage your positions and be careful about future trading.
BITSTAMP:ETHUSDLong
by Traderforallseasons
2