Reaching at 3400ETHUSD is looking for long opportunity after forming corrective formation, expecting target to reach at 3400
ETHHEDGEUSD trade ideas
ETHUSD sell on rise till recent high not break On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
#ETH/USDT FORMED BULLISH SHARK PATTERN #ETH/USDT has recently formed a bullish shark pattern and also displayed a clear bullish divergence, leading to a bounce from the $3100 area to grab liquidity.
Can Ethereum ETF Bring Optimism In The Price?Can Ethereum ETF Bring Optimism In The Price?
In the present scenario, the Ethereum price is witnessing a strong selloff in Intraday, as it has distanced itself from the $3200 level. The crypto is headed to test the rebound level of $3000, dropping more than 5% in Intraday.
The daily chart shows a breakdown of a bearish flag pattern and a rejection from the 50-day exponential moving average. While the $3000 may act as a psychological level and bring some stability, further downside movement cannot be ruled out.
However, recent developments and updates point towards a potentially bright future for Ethereum, which could bring back the optimistic days.
The most recent news that could relieve Investors is about the commencement of Bitcoin and Ethereum ETFs in Hong Kong. This news is a reason for celebration for Hong Kong investors. There is optimism that these ETFs might exceed the $125 million US Bitcoin ETF launch. It might bring back the reversal in Ethereum and the crypto may perform in the next month.
Ethereum Price Slips Further On 4-H ChartEthereum, the world's second-largest cryptocurrency by market capitalization, has been in the spotlight due to recent turbulence in the broader crypto market. Over the past 24 hours, Ethereum's price has fallen by almost 4.62%, causing concern among investors and underscoring bearish sentiments for the asset. At present, it is trading at $3,059, and the volatile price action of the asset aligns with derivatives data, which suggests that market sentiment is bearish.
Coinglass has reported a 4.95% decrease in the ETH token's open interest, and derivatives volume has also plummeted by 51.55%. This data indicates a strong bearish sentiment among investors and traders, which has raised concerns about a potential price correction for Ethereum in the future. Furthermore, the profit-taking behavior during the post-halving rally further reinforces this sentiment.
Daily Chart Analysis Of Ethereum Price
Looking at past price structures over the daily chart, Ethereum's price has seen a massive upsurge, favoring the bulls. The price rose from the demand zone near $1535 by the October 2023 support level and rallied up to $4100 by March 11th, 2024.
However, after reaching its peak, the price fell into a wedge and started making lower lows and highs after March 12th as bulls lost their traction on the daily chart.
Ethereum Price Slips Further On 4-H Chart
In the 4-hour time frame, despite the significant decline, Ethereum still shows bearishness and falling capacity as it slides below the considerable trend in the 20-day and 50-day EMA bands. If sellers continue to surge, the drastic decline could extend even further.
Likewise, the Ethereum asset is showing bearish momentum as MACD shows a bearish crossover, and the RSI is falling steadily at 33.29, indicating that the ETH asset is not gaining steam and can continue to drop lower.
Therefore, Both derivative factors and technical indicators influence Ethereum's price movements. The breakdown from the rising wedge pattern on the 4-H chart highlights bearishness.
On the downside, Ethereum has support near the $3,066 level, with additional support levels at $3,030 and $2,830. A breach of these support levels might lead to further downside, with the price potentially testing the lower trend line of the wedge in the near term.
For the upstream, Ethereum's first major hurdle is near the $3,250 mark. Beyond that, the key resistance levels are observed at $3,191, $3,288, $3,338, and $3,359. A breakthrough above these levels could signal bullish momentum, potentially driving the price toward the $3,681 and $3,751 resistance zones.
the price fell into a wedgeThe price action of Ethereum showed a massive upsurge in the past, which favored the bulls. The price rose from the demand zone near$1535 by the October 2023 support level and rallied spectacularly up to $4100 by March 11th, 2024.
After reaching the peak, the price fell into a wedge and started making lower lows and highs after the 12th of March, as bulls lost their traction on the daily chart.
Support Levels: On the downside, Ethereum has encountered support near the $3,066 level, with additional support levels at $3,030 and $2,830. A breach of these support levels might lead to further downside, with the price potentially testing the lower trend line of the wedge in the near term.
Resistance Levels: Ethereum faces significant resistance levels, with the first major hurdle near the $3,250 mark. Beyond that, key resistance levels are observed at $3191, $3,288, $3,338, and $3,359. A breakthrough above these levels could signal bullish momentum, potentially driving the price toward the $3,681 and $3,751 resistance zones.
#ETH/USDT READY TO FLY#ETH/USDT is currently poised near the golden pocket at the 0.6 fib level of $3000. Potential support levels at $2800 and $2550. Expect a bounce around $2650-$2700. #ETH #CryptoTrading
Reaching at 3400ETTHUSD is looking for long opportunity and expecting to reach at 3400$ and has forming correction on higher timeframe
ETH formed bullish divergence Eth formed bullish divergence , now time to grab liquidity around 3750$ then high chance to form bearish shark. so resistance is 3750$ and support 3400$.
ETH FORMED DOUBLE BOTTOM PATTERNETH formed double bottom and bullish divergence, which is clear sign for longs. Next resistance is 3670$ if it breaks eth next target is 4500$
ETH REJECTED FROM RESISTANCE ETH clearly shows bearish trend. it lost imp support trend line and also rejected from its resistance 3440$. Next support lines are 3200 and 3100.
ETH FORMED BULLISH SHARKETH shows short term bullish sign becoz of bullish shark. Eth will retest 3675$ and then fall to 3000$.
ETHUSD now at psy. lvl & 30/03 analysis dropped 100 pts! The price of Ethereum’s Ether
ETHUSD
is up today, rising 3.5% to reach over $3,630 on March 31. ETH price is now up 18.75% from its local low of around $3,050, established over a week ago.
Capital rotation into Ether market
Ether's ongoing rise versus the U.S. dollar coincides with its equally strong gains against Bitcoin
BTCUSD
.
Notably, the widely-tracked ETH/BTC pair has gained roughly 2.5% on March 31 to reach 0.051 BTC suggesting a possible rotation of capital in the short term.
ETHUSD Will Consensys’ comments help in getting Ether ETF approvOn March 8, 2024, the Security and Exchange Commission (SEC) requested public comments on Nasdaq’s pending applications to permit the approval of a spot Ethereum exchange-traded fund (ETF). In response to the SEC’s request for public comments regarding the approval of Ether ETF applications, advocates of Ethereum have submitted a comprehensive letter addressing concerns about fraud and manipulation.Ethereum Advocates’ response to the SEC’s concern
However, the SEC’s inquiry specifically questioned whether Ethereum’s Proof of Stake (PoS) consensus mechanism and concentration of control raise unique concerns regarding vulnerability to fraudulent activities. Following the SEC’s question advocates highlighted Ethereum’s robust security measures, surpassing those of Bitcoin’s Proof of Work (PoW) model, which forms the basis of previously approved Bitcoin ETFs.
These are the key highlights included in response to the SEC’s concerns regarding the fraudulent activities:
Faster Block Finality: Ethereum’s transition to PoS ensures faster block finality, where transactions are irreversibly confirmed in a shorter timeframe compared to PoW.
Distributed Validation Process: Ethereum PoS divides block validation duties among proposers and attesters, preventing centralized control and manipulation.
Total Cost to Attack: Research indicates that Ethereum’s Byzantine fault tolerance makes network compromise significantly more costly compared to Bitcoin.
Slashing Penalties: Ethereum penalizes validators who violate protocol rules through stake deductions, serving as a deterrent against malicious behavior.
Environmental Benefits: Ethereum’s PoS model is environmentally friendly compared to Bitcoin’s energy-intensive PoW, consuming significantly less energy.
Additionally, Ethereum’s decentralized community and transparent development process contribute to its security and resilience against attacks. Advocates also urged the SEC to recognize Ethereum’s advanced safeguards, which meet and exceed the security standards of previously approved Bitcoin-based ETPs.
The submission reflects the advocates’ commitment to advancing Ethereum’s adoption and fostering constructive discussion with regulatory authorities. However, this letter marks a significant step in promoting awareness and understanding of Ethereum’s security features, aiming to facilitate the approval of ether ETFs and onboard the next billion users to web3.Will ETH ETF approval impact Ethereum price?
However, following the approval of the spot Bitcoin ETF, the crypto community is eagerly awaiting the approval of the spot ETH ETF. It is also expected that once the ETF is approved, similar to the Bitcoin ETF, Ethereum will also reach its all-time high.
Ethereum is trading near the $3,500 level, and in the last 24 hours, it experienced a downside momentum of nearly 2%. If we look at Ethereum’s performance over a longer period, in the last 7 days, the price of Ethereum experienced only a 4% upside momentum. Whereas, in the last 30 days, it has remained neutral with a 0.4% momentum. © Todayq News
ETH DOUBLE BOTTOM IN 1hrETH formed double bottom and bullish divergence in 1hr which good time to do long , resistance levels are 3640$ and 4000$
ETH BEARISH DIVERGENCE ETH formed bearish shark, double top and bearish divergence , targets and supports are 3420, 3300, 3150
Looking for ShortETHUSD is looking for short & expecting target to reach at 2800$ & has clear movement to the downside.
Ethereum is Critical levelEthereum Critical level, Ethereum is at important level and Forming a Channel Pattern Let's see this sustain or not. what is your view please comment it down. We are NISM Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
ETHUSD IMPORTANT LEVELETHUSD Which is showing a great opportunity ETHUSD is at important level and showing weakness. what is your view please comment it down. We are NISM Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Ethereum Shorting CMP 4068$ Target 4000- 3960- 3920-3900-3880-3Ethereum Shorting CMP 4068$
Target 4000- 3960- 3920-3900-3880-3850-3820+
Sl above 4100 - 15 min candle closing basis
ETHUSD at Critical LevelETHUSD Which is showing a great opportunity ETHUSD is at make it or break it Level. what is your view please comment it down. We are NISM Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
The Ethereum crypto appears to be geared to keep on going upwardThe Ethereum on Tuesday 12th shows a pause in price after a splendid long run in the northward direction. As of Wednesday 13th, the current market price (CMP) is $4036.3, representing a 1.45% intraday increase, and is showing bullish traits for more growth in future sessions. It has demonstrated good performance in the past week by 13.54%, month by 61.09%, and three months by 78.70%, indicating a reliable upward trend.
Since the ETH crypto has displayed a prime price rally from a critical level of around $2900 on the chart and showing sustenance signs at another critical level at a $4000 price level. This price structure on the daily chart shows that Ethereum has the potential to surpass its all-time-high level, similar to Bitcoin.
The Ethereum crypto appears to be geared to keep on going upwards on this remarkable price rally after it recently paused at the $4000 level on Tuesday. Now, it seems mobilizing its buying force again to overcome the resistance level of the next supply zone around $4600 and ascend to new.
Moreover, the crypto asset has shown a bullish strength already by giving a bullish rally so far, and more rising potential lurking on the ETH chart as it stays above major 20, and 50-day EMA's.
Therefore, the Ethereum price prediction highlights that, if the price manages to thrust above by carrying solid buying volume, then the next possible targets could be $4400 and $4600, respectively.
However, if the crypto price fails to stay above $4000, it could decline to $3800, starting a downtrend. The next support would then be $3400.
