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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!
COINBASE:ETHUSDLong
by HungDaoGlobalTrading
1
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.
COINBASE:ETHUSDShort
by FXBANkthe8055
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 !!!
FOREXCOM:ETHUSD
by kbr9121965
3
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.
COINBASE:ETHUSD
by FXBANkthe8055
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.
BITSTAMP:ETHUSDLong
by Yash_Jain_1309
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.
BITSTAMP:ETHUSDLong
by Yash_Jain_1309
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
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
COINBASE:ETHUSDShort
by FXBANkthe8055
3
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.
BITSTAMP:ETHUSDLong
by Yash_Jain_1309
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.
COINBASE:ETHUSDLong
by FXBANkthe8055
Ethereum Rebounds But Investors Fear Larger Crash On The HorizonEthereum Rebounds But Investors Fear Larger Crash On The Horizon? Ethereum Price recovered nearly 6% from yesterday's lows and has reclaimed the $3000 level. The transaction volume dropped by 44.7% indicating the waning seller's interest. The bloodbath in the crypto markets seemed to be taking a pause on Saturday after a sharp fall in the last couple of sessions that triggered a panic among the investors. The Ethereum crypto also climbed nearly 6% from yesterday's low and has reclaimed back the psychological $3000 level. Despite panic in the broader markets, few analysts are hoping for the bad days to end as soon as the SEC approves Ethereum ETFs. As per the analysts, the Ethereum ETFs may bring back the optimism in the crypto markets and the markets may recover. Moreover, the transaction volume has dropped significantly indicating an improving sentiment. Can Ethereum ETFs Approval Turn The Tables Again? The Ethereum ETF approval was a dual-stage process in which the initial phase was completed with the approval of the 19b-4 documents by the issuers. On May 23, the SEC gave the green light to 19b-4 submissions from eight contenders for ETFs. Moreover, the approval of S-1 forms by the was a later or final process which was anticipated to be completed by 2nd July. Fwiw, Bloomberg's @JSeyff saying week of July 8th looks more likely for spot eth ETF approval...Another source said "it’s also a possibility that it could be later in July or later in the summer."My take? It shouldn't take this long.via @KathieOD_PI pic.twitter.com/M9LVhfa9vd— Nate Geraci (@NateGeraci) June 28, 2024 However, in a recent communications on 29th June, the U.S. The Securities and Exchange Commission returned the S-1 documents proposing some changes and asked the issuers to resubmit by 8th July. Now, if the Ethereum ETFs are approved by 8th July by US SEC (Securities and Exchange Commission), It might bring a new era in the process of crypto adoption. As would be expected, these changes won’t only affect Ethereum, but cover the entire crypto industry spectrum. Can Ethereum Continue To Recover Or Slump Again? The panic selling seemed to be taking a pause today after the markets took a rebound from the previous day's low. Despite Ethereum having reclaimed back the psychological $3000 mark, the price still hovers below the 200 day exponential moving average indicating a possible comeback by the bears. Now, if the bulls make a comeback above the 200 day EMA it may indicate a bullish continuation and the price may head for a recovery. The transaction volume has dropped by 44% to $16.2 Billion a day indicating the waning interest of the sellers. Moreover, until the Ethereum price hovers below the 200 day EMA, it may be at a risk of another selloff. on the lower side, the $2850 level may act as a strong support which if breaks may unlock price failure towards the $2500 levels. What’s Next For Ethereum? The cryptocurrency market seemed to be stabilizing after a sharp decline in the last couple of sessions, with Ethereum reclaiming back the $3000. As per a few analysts, the pending approval of Ethereum ETFs by the SEC could restore market optimism. If approved, it could mark a significant step in crypto adoption. Furthermore, Ethereum price has recovered from the lows however it still hovers below the 200-day EMA. A positive crossover of price above the 200 day EMA could signal a bullish trend. Transaction volumes have decreased, suggesting reduced selling pressure. However, At the current levels ETH crypto faces risk of further sell-offs until it stays below the 200-day EMA, with $2850 as critical support.
COINBASE:ETHUSDShort
by Ritika_TCR
a possibility could propel the price higherOver the June month, last weekend at June 30th Sunday, the ETH market exhibited a bullish trend and gained a 5% jump to the $3,500 resistance level. However, gains failed to sustain as it declined below the $3,435 mark. This dynamic trendline resistance has been in play and a recurring challenge since June 7th, when it failed to reach the $4,000 level. On July 1st, 2024, Ethereum confirmed this bullish phase was short-lived as the price faced a correction, as it shooked off from the 50-day EMA hurdle. On July 2nd and 3rd followed the decline up to $3333, and at the time of writing, it continues struggling at the support zone at $3250. Where it last traded at $3363.1 with an intraday decline of -1.57% (at press time). Additionally, the ETF’s breaking has been shared today by the ETF store president, and analysts are optimistic for $4000 mark, from the current price that would be nearly 20% on daily chart. The ETH technical tools show that the price is facing a hurdle from the 50-day dynamic EMA band and has been trading above the 200-day EMA band. Meanwhile, the MACD line has been below the signal line, and RSI flashed at 41.04, facing the oversold territory. Overall, indicators are depicting the current price activity, and that would be bearish, after a certain bullish formation, these could flip the indications. But, in this low momentum trading activity in ETH, the long-term indication stays bullish, as it's above 200-day EMA. The indicators show uncertain price action, as of now. On the upside, if Ethereum continues to break above dynamic trendline resistance and moves past the $3,500 hurdle mark on the daily ETH/USD chart. The major resistance levels could be anticipated near at $3,700 and $3,750, with a potential close above the price level of $3,750. Thereon, a possibility could propel the price towards the $3,900 and $4,000 resistance levels. Meanwhile, in the future, a decisive break above the level of $4,000 could further increase the Ethereum price towards the $4,250 level and beyond. Conversely, if Ethereum fails to cross the $3,500 resistance mark, it may enter a further decline in price. Initial support could be near $3250, with key support at $3070. Likewise, a clear move beneath this support could see the price drop towards $2960, with further losses potentially driving it below the $2850 level, as well.
BITSTAMP:ETHUSDLong
by Yash_Jain_1309
Ethereum ETF Probably Delayed To 2nd Week of July or Later By SEEthereum ETF Probably Delayed To 2nd Week of July or Later By SEC The U.S. Securities and Exchange Commission has provided feedback on the S-1 filings and has called for them to be resubmitted by July 8. This could postpone the debut of the spot Ether exchange-traded fund. In the latest communications, The U.S. Securities and Exchange Commission has returned back the S-1 documents to the entities proposing Ethereum ETFs, indicating a continuation of the review process prior to being effective. Earlier, the Ethereum ETF was anticipated to be launched by 2nd June. However, the recent remarks made by the SEC could further delay the process. As of Now, the applicants are required to revise their submissions in response to the SEC's comments and resubmit by July 8. The recent development hints at a probable extension of the approval timeline, necessitating at least an additional round of filing before the ETFs can be listed officially and commence trading. Prospects of Additional Delays Loom Over Decisions However, SEC has set a deadline for the resubmission of the applications for the Ethereum ETFs, yet few analysts believe the delay in the commencement of Ethereum ETFs could last longer. Fwiw, Bloomberg's @JSeyff saying week of July 8th looks more likely for spot eth ETF approval...Another source said "it’s also a possibility that it could be later in July or later in the summer."My take? It shouldn't take this long.via @KathieOD_PI pic.twitter.com/M9LVhfa9vd— Nate Geraci (@NateGeraci) June 28, 2024 Nate Geraci, who is the president of the ETF Store, mentioned in his tweet mentioning that July 8th might be the most likely for spot ETF approval. However, he further added that it could be later in July or later this summer pointing towards the further delay that might be on the horizon. What’s Ahead For Ethereum? Despite the news surrounding the Ethereum ETFs, the price of Ethereum did not witness any hiccups. As of now, Ethereum was exchanging hands close to $3385 recording mild intraday gains of 0.33%. The daily chart reveals that Ethereum price has been trying to stabilize near the 50 day Exponential moving average. Despite weakness in the short term, the long term trend outlook still points towards a positive side. Currently, the ETH price was experiencing a correction phase following a declining channel pattern. Now, until the price is maintained in the channel, it may continue to show weakness. However, a breakout above the recent resistance of $3487 could mark the end of a correction and the ETH price may roar towards the $3800 and $4000 level again.
COINBASE:ETHUSDLong
by Ritika_TCR
1
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).
BITSTAMP:ETHUSDLong
by Yash_Jain_1309
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 Yash_Jain_1309
Ethereum Could Retrace $3300 If Looms Below This Interesting ZonEthereum Could Retrace $3300 If Looms Below This Interesting Zone The daily ETH/USD chart highlights the formation of an interesting chart pattern. Ethereum crypto has been under selling pressure for the last couple of weeks A breakdown could add on the losses dragging the price near the $3300 level. The Ethereum price seemed to be retreating from the highs in the last couple of weeks. The bears seemed to be returning back after a short bull run. The broader crypto market also seemed to be cooling down in the last month of the 1st half. However the recent saw the Ethereum price stabilizing near a 50 day Exponential moving average. Also, the daily chart witnessed the formation of an interesting pattern. At the time of writing, the Ethereum price was hovering close to $3507 recording a moderate gain of 0.40%. Furthermore, The analysts assume one more dip before a possible breakout of the correction phase. Also, there has been a significant development in the daily active addresses in the recent sessions. Ethereum Crypto: Daily Active Address On the Rise! Ethereum price saw almost 7% drop in the price this month which may increase if the bearish pressure extends. Despite the price drop, there has been a significant development in the active addresses count in the recent sessions. As per the data obtained by a financial website app.santiment.net, the daily active addresses and 7-day active addresses count have reported a positive growth despite the price drop. The daily active address count has increased from 400.8K in the 1st week of June to 468K. whereas, the 7 day active address count has jumped from 21.8 million to 2.47 Million. The active address count reveals the number of unique addresses which are involved in transactions over a given period of time. An increased count in the active addresses generally indicate a possible price surge. Analysts Anticipate One more Dip in ETH! The daily ETH/USD chart highlights the formation of a symmetrical triangle pattern with the price currently resting near the psychological $3500 level. Any breakdown could further drag the price towards the next major supply of $3300. On the contrary, if the price surpasses the upper trendline resistance of the pattern, it may indicate a breakout of the correction phase. On the higher side breakout, the bulls may look to surpass the upper levels of $3700 and $3800. The technical indicator RSI as well as the 14 day SMA line has dropped below the mean line indicating weakness on the charts. Conclusion. Ethereum price has been declining in the last couple of weeks, however, the number of daily and weekly active addresses has risen, suggesting increased network activity which could hint at a future price increase. Moreover, The ETH/USD chart shows the formation of a symmetrical triangle pattern, with the price near the key $3500 level. A drop below this could lead to a decrease towards $3300, while a rise above could signal an end to the correction phase and a potential increase towards $3700-$3800. The RSI and 14-day SMA indicators suggest current market weakness, as both have fallen below the mean lines.
COINBASE:ETHUSDShort
by Ritika_TCR
Ethereum Overcomes SEC Hurdle: Is a Price Recovery on the HorizoEthereum Overcomes SEC Hurdle: Is a Price Recovery on the Horizon The Enforcement division of the SEC has notified of closing their investigation into Ethereum 2.0. Ethereum price surged over 2.03% in Intraday and was exchanging hands close to $3552. The 50 day Exponential moving average seemed to be acting as a dynamic support. Ethereum price gained traction and surged over 2.03% following the announcement of SEC's conclusion of its investigation into Ethereum 2.0. The conclusion of SEC investigation marks a major in for ETH, confirming that sales of ETH are not considered as securities transactions. The investors and community are rejoicing following the announcement by the SEC to close the investigation. The Ethereum price surged over 2.03% and was currently hovering close to $3551. Let's analyze whether ETH may continue to correct more or it might look to secure new heights in the upcoming sessions. Ethereum Secures A Major Victory As SEC Concludes Investigation! Ethereum has achieved a notable triumph as the Enforcement division of the U.S. securities and Exchange commission has announced the conclusion of its probe into Ethereum 2.0, according to a tweet by blockchain company Consensys. ETHEREUM SURVIVES THE SEC.Today we’re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0. This means that the SEC…— Consensys (@Consensys) June 19, 2024 The SEC's resolution indicates that it will not pursue any allegations that ETH sales constitute securities transactions, as clarified by Consensys. Whales Offloading Ethereum From Major Exchange! As per a tweet by spot on chain on X, a significant Ethereum investor known as whale has transferred 16,604 ETH, worth over $58.6 million, out of Binance, averaging a price of $3,600 over the last 19 sessions. This big whale withdrew 16,604 CRYPTOCAP:ETH (~$58.6M) from #Binance at an avg price of $3,600 in the past 19 days!The whale’s last actions were to accumulate 5,603 CRYPTOCAP:ETH ($19.7M) ~ 1hr ago, after the #SEC permanently suspended their investigation into #Ethereum.Follow @spotonchain and… pic.twitter.com/TYeLwLsWns— Spot On Chain (@spotonchain) June 19, 2024 Moreover, This investor's most recent activity involved acquiring an additional 5,603 ETH, totaling around $19.7 million, following the SEC's definitive suspension of its Ethereum inquiry. Can Ethereum Reclaim Highs Again? The daily chart reveals the Ethereum price turning around from the lows after the SEC suspended their investigation. it might be interesting to note whether the ETH price receives a follow through or not. The 50 day EMA has been actively working as a dynamic support and trying to retain the price above it. Now, if the bullish bias follows through in the upcoming sessions and the ETH is above the $3705 mark, it may indicate a bullish reversal in the short term. On the higher side, ETH investors may target a $4089 level flowing the end of a correction phase above the $3700 level. On the flip side, if the bears make a comeback and the price looms below the $3468, it may head for a correction again. Conclusion. Ethereum price surged over 2.03% after the SEC concluded its Ethereum 2.0 investigation, affirming ETH sales aren't securities transactions. This conclusion by SEC has rejoiced the community, developers and investors. Moreover, The daily chart shows Ethereum rebounding post-SEC decision, with potential for further momentum. The 50-day EMA is providing support, suggesting a bullish reversal if prices stay above $3705. furthermore, if the price surpasses the $3700, it could attain targets near $4089. On the other side, a drop below $3468 might signal another correction. Disclaimer The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
COINBASE:ETHUSDLong
by Ritika_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