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Ethereum: Grind to new highs!Over the past 2 week, ETH/USD has been putting on a consistent show for us. Great price action to trade on between this parallel channel.
This is held strong by the power of ETH/BTC. Now that's a tasty chart!
Time will confirm how ETH/USD progresses, but long term target is still $2000.
ETH to form a pullback situation and riseEthereum's open interest is $6.38 Billion. As per Coinglass, another crypto analysis website, it rose by 1.63% in the previous session. The long versus short ratio for 24 hours is 0.9814. The short liquidation is $7.34 Million versus $14.69 Million for the long liquidation.
What Can Ethereum Price Prediction (ETH) Be, Based On Technical Analysis?
An analyst, Yoddha, optimistically states that Ethereum is one of the most bullish altcoins and has already traded above the previous yearly high. He also highlighted the drawing where he presented that in the last time cycle, when the previous high was breached around 2020, the price boomed and formed a new peak. So, By the shared drawing, the analyst highlights a possible bullish run.
Similarly, based on the analyst tweet, the ETH asset daily chart shows that it has remained above the 50-day and 200-day EMAs, portraying bullish strength in the long term. The past price structure shows that ETH has been trying to form a pullback for a more significant rally after breaking out of the wedge. The buyers are showing support buildup at the $3500 support level.
At press time, the price has traded at $3512 with an intraday surge of +1.28%, with a market capitalization of $421.72 Billion. The volume-to-market cap ratio currently stands at 3.32%, signifying low liquidity, and the market needs more liquidity for a higher ascent.
Likewise, despite the fall, the MACD portrays that the price is still bullish territory, above the zero line at 21.5, in a safer zone until it's above the 200-day EMA. The RSI flashed at 45.54, signifying low strength in the momentum, as it has been trying to sustain around 50 median lines. Based on technical tools, the Ethereum crypto could become winning steam by forming a bullish cross and rsi moving above(DYOR). It could continue to climb higher in future sessions.
Ethereum Price Forecast!
Therefore, for ETH to form a pullback situation and rise, the next goal for the ETH price could be to reach the above levels, such as $3720 and $3900.
On the contrary, if the price plunges and trades below the 50-day EMA, then the pullback situation would fail, ETH would lose its bullish significance, and the price would seek lower support in search of a perfect spot to form a pullback.
Likewise, in this scenario, if the Ethereum crypto price fails to stay above the $3260 level, it could also decline further to $3060.
ETH "Head & Shoulder" 🤯Ethereum (ETH) is currently trading in the $1499 range, the price of Ethereum (ETH) approaching the Head & Shoulder Support level . If the prices stay above baseline ( demand zone ) ETH could reach $2050. If Ethereum (ETH) falls below the baseline ( demand zone ) , it could fall to $1039.
Comment your direction $2050 or $1039
Personally, I predicted that the price of ETH would rise to $2050.
Happy Trading $$$
ETH: Make or Break Moment!Ethereum ( CRYPTOCAP:ETH ) is at a critical stage, standing at the crossroads of new ATH glory or a potential bull trap. 🔥
📊 Key Observations:
• ETH is showing strong momentum, but resistance at this stage could dictate its next big move.
• A breakout here could propel it to a new all-time high, breaking barriers and leading the altcoin charge.
• On the flip side, a rejection might signal a bull trap, pulling the market lower for a liquidity grab.
💡 What to watch:
1️⃣ Volume: Is there enough buying pressure to fuel a breako/ut?
2️⃣ BTC’s Influence: Will Bitcoin’s movement support ETH’s push higher?
3️⃣ Macro Resistance: How CRYPTOCAP:ETH reacts to key levels will set the tone for the coming days.
🔮 My take: Ethereum has the potential to lead the next bull wave, but caution is key. A decisive breakout would be a bullish signal, but patience is essential if the market falters.
Is this the start of a new ATH, or are we heading into a bull trap? Drop your predictions below! 🚀👇
golden crossover is itself a strong signEthereum (ETH) recently experienced a pause in its upward trend movement, having reached a high of $3,970. This consolidation period came on the heels of a spectacular 25% increase in its price, which was triggered by a breakout from a bullish pattern of a descending triangle pattern on the daily chart. Despite a minor pullback from its recent peak, ETH is now nearing a significant hurdle level at $3,750.
Should Ethereum (ETH) manage to surpass and maintain above this hurdle point, it could probably display a bullish trend to resume, which could potentially leading to additional gains. Meanwhile, the technical tools on the daily chart largely hints at a positive outlook. The price has been above the 200-day EMA that implied that the bullish momentum may continue in the long term.
Moreover, the ongoing 50-day and 200-day EMAs golden crossover is itself a strong sign of an favourable long-term trend. Conversely, the MACD exhibited a bearish crossover, indicating some caution to keep.
The RSI has declined below the 50 level and the 14-day SMA, that shows a momentary weakening in momentum. For confirmation of a sustained upward trend in ETH, it would be wise to observe the RSI's recovery above the median line (DYOR).
A Technical Overview Of ETH Ethereum has a market cap of $446 Billion and is ranked 2nd in the crypto verse. The volume of the ETH has surged by 255% in the last 24 hours. The price of ETH has observed a rise of 20% in the last 24 hours. ETH rise is speculated due to the upcoming approvals of the Spot ETF.
ETH is forming strong bullish candles on the daily chart. It is trading above the 50,100 and 200 EMA while looking to cross the new highs. The upside momentum of Ethereum can see a halt near $4000. Meanwhile, the support of the asset price can be observed near $3500
The RSI of ETH is currently at 71 with the strong positive slope suggesting its presence in the oversold zone. The overall sentiment of RSI and MACD are bullish on the daily chart.
Etheryum Up or Down ! wait and see!Ethereum will follow the 3761 level and 3462 level between 06-01-2025 and 12-01-2025. If the resistance at the 3761 level is broken, it can go up to 3874, then if this resistance is broken, it can go up to 4008. If 3065 is broken, it can then decline to 3462. In wave cross, bearish signals started to come in 4H. When I look at the ligation map for 7 days, it is seen between 3243.4 (5.35B) and 4075 (1.08B). Longists stand out with 5.35B, which creates bearish instincts in us :)
We would be glad if you comment on the analysis. :)
Ethereum buy above 3711 or buy near 3550Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 30 % )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 50)
Target 2- (T2 : 65 %)
Target 3- (T3 : 78%)
Target 4- (T4 : 100%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
$ETH DOUBLE TOP CAN LEADS TO 3400$Ethereum ( CRYPTOCAP:ETH ) has formed a double top pattern, which is a bearish signal. At the same time, the RSI has displayed a clear bearish divergence, and the MACD has confirmed a bearish crossover. This suggests a potential short-term correction, with price targets around $3,400. Key support levels to watch are $3,200 and $3,000.
Ethereum Live Selling Trade!
Price: ETH is currently trading at $2,472.52, up by 1.35%.
Resistance: The nearest resistance level seems to be around $2,480, which could act as a key area to watch for potential rejection.
Support Levels: Strong support levels at $2,458, $2,438, and further down at $2,421.
Trend: The recent sharp upward movement indicates a bullish trend. However, if ETH fails to break above $2,480 convincingly, there could be a pullback toward the support levels.
This would be a good moment to either wait for confirmation of a breakout above resistance for buying or consider shorting if price reverses. What are your next plans for this trade?
ETHEREUM Elliottwave Road-MapAs shown in chart ETH might have completed five impulses and ABC correction is unfolding.
5th wave was failed so we may see deep ABC correction upto the range 2000-1700.
C wave may see triangle and complex as shown in chart because the 2nd wave of the "C" wave was Simple.
2600-2700 is resistance zone if eth hold resistance 2700 , we may see lower levels 2000/1800/1700.
Above $3000 this analysis is nullified.
ETHEREUM Elliottwave Analysis I think five impulse wave has been finished . 5th wave was truncated.
After five impulse there is a ABC Correction .
C wave has five waves . As per my counting we are in a 4th wave of the C wave and we may see one more deep near 1700-2000.
We can consider current rally from 2116 is new impulse only If Hold prior low 2116.
Ethereum A Right Crypto to Take PositionOn Weekly Basis:
ETH/USD completed its correction from 4800 to 1140 in its 3 Wave Down Correction. Previous top was made at 1350 in January, 2018 also a support level. Fibonacci 78.6% retracement from bottom 122 to top 4800 ends at 1140, a support level. It took a support at 1100 which is a long term horizontal support on weekly charts. It made a double bottom in December, 2022. Current rally has its base at 1550 with breaking a resistance at 2600. There is a golden cross over at 200 DMA, since then its on up trend with a target at 3950. RSI entered in overbought zone and could consolidate with zig zag formation. Currently it has completed A and B wave. After it has broken the downward trendline and continuously going up, may give a chance for long position with handsome gains. The current C wave could prove to be very strong.
Warning and Disclaimer:
Above prediction should not be taken as financial advise, it is a personal opinion.
Consult your financial advisor.
Investment is subject to market risks.
Past performance is not the guarantee for future performance.
It is for educational purpose only.
RSI having fallen below the 50 level Ethereum (ETH) has recently experienced a halt in its upward movement, having reached a high nearly of $3,974. This period of consolidation came on the heels of an impressive 25% increase in its price value, which was triggered by a breakout from a descending triangle pattern on the daily chart. Despite a minor pullback from its peak, ETH is now nearing a significant resistance level at $3,780.
Should ETH manage to surpass and maintain above this resistance, it could probably indicate a bullish trend to resume, potentially leading to additional gains. Meanwhile, the technical indicators on the daily chart largely suggest a positive outlook. The 50-day EMA has provided support, that implied that the bullish momentum may continue.
Moreover, the ongoing golden crossover between the 50-day and 200-day EMAs is itself a strong signal of a optimistic long-term trend. Conversely, the MACD showed a bearish crossover, highlighting some caution to keep (DYOR).
The RSI having fallen below the 50 level and the 14-day SMA, that suggests a momentary weakening in momentum. For confirmation of a sustained uptrend, it would be prudent to observe the RSI's recovery above the 50 mark.
Critical support levels for ETH are identified at $2,800 and $3,100, while resistance levels to consider are at $3,600 and $3,980. The interaction between these technical indicators and price points will be key in ascertaining the future direction of ETH.
ETH/USD Ready to Break $4000? Key Levels to WatchEthereum (ETH) is gearing up for a significant move, but first, it needs to overcome the substantial liquidity wall at $3700. This level poses a critical resistance that must be cleared before we can set sights on the $4000 mark. If ETH can break through $3700 with strong volume, the path to $4000 becomes much more attainable. However, there's a possibility of a pullback to form a double bottom before making a decisive breakout.