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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?
Short
by XTrap_000
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.
BITSTAMP:ETHUSDLong
by AnkurSharda3
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.
BITSTAMP:ETHUSDLong
by Sam_TCR
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.
BINANCE:ETHUSD.P
by crypto_vulture_signals
Ethereum Important Levels and Trade ZoneChart - Heikin Ashi Timeframe - 4H Resistance Zone - 1635 to 1647 20 ema - 1634.25 50 ema - 1643.36 100 ema - 1664.89 200 ema - 1710.45 Fib Retracement :- 38.20% level 1732.88 50% level 1789.44 Note :- The breakout of 1647 level will also give us the breakout of 20 ema and 50 ema. Trade Setup :- 1. Enter on the breakout of 1647 level 2. 1st Target is 1732.88 (Fib retracement level of 38.20%) Exit half the quantity on the first target and leave the other half for the second target with a trailing stoploss of 1710. 3. 2nd Target is 1789.44 (Fib retracement level of 50%) Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. This material is for educational purposes only. Thanks Sardar Simranjit Singh Virdi
by ssvirdi