ETHBEARUSD trade ideas
"Ethereum" Weekly Chart Looking Good Key Highlights : 🔰
🔷 Script Name : Ethereum
🔷 Script Symbol : CRYPTO:ETHUSD
🔶 Support Zone : Taking Support at 200 EMA Weekly 🔥
🔶 Weekly RSI Cool Down 😊
Disclaimer : This is NOT Investment Advice. This Post is Meant for Learning Purposes Only. Invest Your Capital at Your Own Risk.
Happy Learning. Cheers!!
Shyorawat Arun Singh ❤️
(@Shyorawat_ArunSingh)
Founder : Shyorawat Investing School
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.
ETHUSD View!!U.S. spot Bitcoin exchange-traded funds (ETFs) experienced their largest outflows since May 1, with net outflows reaching $287.78 million on Tuesday
According to , BlackRock’s IBIT, the largest spot Bitcoin ETF by assets, reported no significant flows for the day.
On the other hand, Grayscale’s GBTC, the second-largest spot Bitcoin ETF, saw $50.39 million withdrawn.
Fidelity’s FBTC faced the heaviest losses, with $162.26 million in outflows.More Funds See Outflows
Whales Accumulating Ethereum : Can ETH Reclaim $3K in September?Whales Accumulating Ethereum : Can ETH Reclaim $3K in September?
The whales have accumulated nearly 0.5% of the supply in the last two weeks.
Ethereum may reclaim the psychological $3000 if it surpasses the higher range of consolidation over daily chart.
Ethereum has been hovering in a range bound zone for the last three weeks. The bulls and bears seemed to be in a tough fight near the psychological $2500 level. Recently, Ethereum bulls attempted for a breakout of the consolidation above $2800.
However, it failed due to the presence of strong bearish forces and the price loomed back towards the $2400 levels. At the time of writing, Ethereum was exchanging hands close to $2519 recording a positive gain of nearly 3.93% in intraday.
Whales Accumulating At The Lows: Analysts Say
Despite consolidation in Ethereum price near the $2500 for the last couple of weeks, the analysts have noted something cooking behind the curtains. The analysts have noticed a significant change in the whale holdings in the last couple of weeks while the price hasn't moved significantly.
As per the analysts, the top addresses often known as whales were holding nearly 43.5% of the total supply in mid August which now has surged to 44.01% indicating a significant 0.51% jump in just two weeks.
A significant jump in the whale holdings suggests whale accumulation at the lows while retailers seem to be in panic and liquidating their investments.
Moreover, as per the data obtained by an on-chain analytics website app.santiment.net a notable change was observed in the price DAA divergence indicator. The bearish divergence between the price and DAA (Daily active addresses) seemed to be decreasing, highlighting the waning interest of the sellers.
The price DAA divergence is an on-chain metrics which reflects the change in bearish or bullish divergence between the asset's price and daily active addresses. The decreasing bearish divergence indicates a potential buying in Ethereum in the upcoming sessions.
Ethereum May Reclaim $3000 level In September: Here’s How?
From a technical perspective, Ethereum price was hovering below the key exponential moving averages of 20, 50 and 200 days suggesting a bearish domination. However, the last couple of weeks saw a range bound movement in Ethereum.
On the higher side, the bears have established themselves firmly near $2800 level. On the contrary the bulls seem to be in domination near the $2350 level. Now a clear trend may be observed on the charts if the price breaks on either side.
Additionally, the on-chain metrics have indicated a possible breakout scenario which may validate on the charts of ETH price surpasses $2800 level. On a sustained breakout Ethereum may look to reclaim its presence near the psychological $3000 levels in September.
At the time of writing, the RSI line was placed close to 42 points and that of the 14 day SMA line was placed at 42.21 points. A bullish crossover between the RSI and SMA line suggests a potential bullish trend continuation.
BULLISH ETHUSDAccording to my chart take the trade. Don’t over lapse and don’t over size manage your risk properly
BULLISH ETHUSDAccording to my chart take the trade. Don’t over lapse and don’t over size manage your risk properly
ETHUSD VIEW!!The cryptocurrency market is in the red today, following the slump in US stocks as all eyes turn to Nvidia’s upcoming earnings report. This highly anticipated release is seen as a potential turning point, offering clues on whether the AI-fueled bull market still has legs or if the rally is starting to lose steam.
Nvidia's slower growth prospects hurt Nasdaq, crypto
Analysts surveyed by FactSet expect Nvidia to post second-quarter adjusted earnings of approximately 65 cents per share, with revenue projected at $28.74 billion. This figure represents more than double the revenue from the same quarter in 2023.
However, it also signals a deceleration in growth, as Nvidia’s revenue more than tripled year-over-year in the April quarter. Nvidia's stock was wobbling between gains and losses ahead of the earnings report, taking the Nasdaq 100 on a similar seesaw trend.
The next turn is for ETH Buy zone 2683 T.profit 3100 STP 2530The next turn is for ETH
If you haven't taken advantage of the opportunity to BUY at 2583
Please refer to Buy zone 2683
T.profit 3100
STP 2530
- BTC increased differently than ETH's increase last week,
- ETH loss has been lower than BTC in the past 1 month
- The shakeout level at 2200 is very strong and the accumulation is large.
- We will feel the risk if there is large liquidity at 3000-3200 or else it will still be attractive.
Good luck!
ETHUSD View!!Last night, social media was rocked by some pretty big news, as some may already know — the arrest of Telegram founder Pavel Durov. It all started when Durov landed on a private jet in France to refuel, where he was reported wanted minutes before landing. In total, the charges have the billionaire facing up to 20 years in French prison, considering that Durov is also a citizen of that country.
The situation has received an enormous amount of commentary from every respectable figure in the tech space, and crypto in particular. The most interesting of them seems to be the opinion of Vitalik Buterin, the co-founder of Ethereum.
BUY ETH at 2591-2580 TP 3100 STP 2450It's me again!
Consider the opportunity to "BUY ETH at 2591-2580 to target 3100"
Stop loss 2450.
Wish everyone success!
ETHEREUM GANN ANALYSIS 15 MIN CHART 18 AUGUST 2024 08:12:23 ISTEthereum is the second ranked bitcoin has hit an ATH at 4866.90 in Nov 2021. The Gann level to watch at all time highs was 4840 odd levels. It squaring price on monthly chart was 1090. We had made a low of 997.40 on June 2022. It was 7 months correction. Within 21 months we got a lower high of 4092.80 on March 2024. Gann level to watch was 3906.30.We made a double top with a lower high at 3973.10 in May 2024. Again Gann level of 3906.30 was important for Ethereum. August 2024 till date is 2178.90. Gann level to watch here is 2343.80 for further recovery to continue. We need to stay above 2356.30 to continue the recovery. Drop below 2343.80 the correction can continue downwards till next support of 2083.40. Important month to watch is Oct 2024.
Short term traders range to watch is 2552.10 and 2604.20. We have made a double bottom at 2552.40 on 16 Aug 2024 at 06:45 IST and 2552.40 on 16 Aug 2024 aat 21:00 IST. We have double tops coming in at 2628.50 on 16 Aug 2024 at 12:30 IST and 2630.90 on 16 Aug 2024 at 23:30 IST.
Breakouts on either side will happen above 2604.20 on upside and 2552.10 on downside. A stop loss of 7 points can be used by short term traders.
Happy Trading !!!
ETHUSD 5Hr !!The rate of Ethereum
ETHUSD
has dropped by 2.44% over the last 24 hours.Image by TradingView
On the hourly chart, the price of ETH is in the middle of the local channel. However, if the daily bar closes near the support level, the correction is likely to continue tomorrow.Image by TradingView
On the bigger time frame, traders should focus on the support level of $2,510. If it breaks out, there is a chance to see a test of the $2,400 range soon.Image by TradingView
A little bit better picture can be seen on the weekly chart. The rate of the main altcoin is far from the main levels, which means neither bulls nor bears are dominating in the midterm.
In this regard, consolidation in the wide range of $2,400-$2,700 is the more likely scenario until the end of the month.
Will ETH Price Optimism Revive Or Plummet More?
From the global woes, the hit taken by Ethereum (ETH) happened to be devastating; the price over the week together dumped more than 35%.
The failure of buyers' strength led to the massive dump that resulted after the destroyed level of $2900. It has declined below 200-day, and 50-day EMA's.
The MACD showed a bearish cross with a broadening histogram downwards at 96.6.
However, the loss of strength in price decline has been caught by RSI, as it has entered extremely oversold territory below 30 at 18.92. Since RSI has been oversold, there happens to be a higher probability for ETH to show a resurgence.
Therefore, if ETH bounces back, then the resistance would lie at $2900, and $2500, respectively. However, the breach of $2150 would give bears the downward target of $1900 and $1550, respectively.
ETH HEAD? No better setup!
Eth has been sliding (measured in BTC and SOL geometric mean)
SOL recently did reach highs, but only the top of range of SOL/ETH
ETH/(SOL*BTC*ETH)^(1/3) only reached the bottom again, but hasn't pierced it through.
If this reclaims the key levels, expect an ETH season.
Remember that in the BTC conf, Trump mentioned "BTC, Crypto, Whatever you want to play with". This could be the trigger that the Altcoin market has been looking for.
Will the Next $4000 Level Be Attained Soon?
The ETH has been managing its $2900 support for quite a long time; after the deterioration in June 2024, the price uplifted from the same support, which showed its credibility.
Based on the recent price study, the ETH aimed at $4000, and has taken a short pullback recently, and lately got backing from 50-day EMA. MACD histogram has surged, which is at 54.5, and RSI jumped above the median line, depicting the chances of momentum going to explode soon.
At press, the price growth remains flat on intraday, where it last traded at a price of $3498.0. The resistances are $3600 and $3750, respectively, and the supports are $3380 and $3240, respectively.
ETHERUM Broader market trends and sentiment towards cryptocurrencies in general can influence Ethereum's price. Positive sentiment and bullish market conditions can lead to higher prices.
Cmp 3541
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.
ETHUSD View!Hougan’s analysis suggests that while the initial weeks after the ETF launch might be volatile, the overall trend points towards strong bullish momentum by year-end. His argument pivots on the basic economic principle of supply and demand.
He explains that while ETFs do not alter the fundamental nature of the underlying asset, they introduce new sources of demand. When spot Bitcoin
BTCUSD
ETFs launched, demand significantly outpaced the new supply generated by miners, driving up Bitcoin’s price.
“BTC has risen ~25% since the launch of Bitcoin [exchange-trade
Ethereum Seen Hitting $5,000 as GermanEthereum has shown some degree of resilience in the face of heavy volatility in the broader crypto landscape, keeping ground above the $3,000 barrier in a week when Bitcoin stumbled under the weight of German economic policies.
Ether hodlers are keenly observing as the terrain of digital currencies undergoes notable changes; many of them are focusing on a possible $5,000 milestone.
A Test Of The Mark
Decoding The Ethereum (ETH) Price Analysis!From the last quarter of 2023, the price showed 165% by reaching $4075 by the first quarter end of 2024. The price at $4075 displayed deterioration after mid-March 2024 in a falling wedge, which formed a support at $2870 by mid-May 2024, and thereon a breakout propelled tearing the upper boundary of the wedge by May end of 2024.
After the failure of sustenance near $3961.3, the price fell back to $2870 by July 5th and has been displaying a bullish presence from the support. The MACD has formed a bullish cross, and the RSI flashed at 43.72, which has crossed 14-SMA from below.
Therefore, at press, the price traded at $3159, and if it keeps on rising, then the resistances could be at $3250, and $3500, respectively. However, if it fails to bounce past $3250, then it could land back to $2850, and breaching this would start a bearish trend for lower depths.
Ethereum Golden Trendline ChannelEthereum golden trend line channel, the main target is the golden trend line below, and the upper and lower gray lines are channels. The place of Venus is the low point and the bottom price of this target. It mainly depends on the decline. If it falls below the golden trend line, it will be at the gray channel line below. The main low point will be around the golden trend line.
Crypto Market Recovers as Germany Gets Back $200M Worth of BTC fThe crypto market saw a boost in sentiment on Tuesday as a German government entity received over $200 million worth of the asset back from various exchanges.
During Asian morning hours, Bitcoin was trading just above $57,300, reflecting a 3.5% increase over the past 24 hours.
Other major tokens also experienced gains, with Solana’s SOL surging by as much as 6% and Ether (ETH) climbing back above $3,000. Even dogecoin (DOGE) saw a rise of nearly 7%.
The market had been shaken on Monday when BTC briefly dropped to as low as $55,000 after an address linked to the German Federal Criminal Police Office (BKA) sent over $900 million to various addresses.
