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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