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#ETH/USDT Rebound: Analyzing the Recent Price SurgeThe #ETH/USDT pair has recently displayed a bullish divergence, a key technical indicator suggesting a potential trend reversal. This divergence, coupled with the breakout of a significant trend line, has ignited bullish momentum in the market. Currently, the price is undergoing a retest of two critical levels at $3065 and $3220. The successful breach of these levels could pave the way for a new all-time high for Ethereum. One major catalyst for this bullish outlook is the anticipation of #ETF approval for Ethereum. If approved, this could attract significant institutional investment, further driving up the price of #ETH. It's essential to monitor price action around these levels closely, as a decisive move above them could signal a sustained bullish trend for Ethereum.
BINANCE:ETHUSD.PLong
by crypto_vulture_signals
#ETH/USDT Bulls in Control#ETH/USDT pair has recently formed a double bottom pattern, finding significant support within a crucial trend box area. This pattern suggests a potential reversal of the previous downtrend and signifies a bullish sentiment in the market. With the double bottom formation in place, Ethereum is likely to experience upward momentum, aiming to retest the $3000 resistance level. Traders and investors are closely monitoring this development, anticipating a continuation of the bullish trend as Ethereum moves towards challenging key resistance levels. This pattern highlights a shift in market sentiment, with buyers gaining confidence and driving the price higher in anticipation of further gains.
BINANCE:ETHUSD.PLong
by crypto_vulture_signals
ETH asset price remains highThe ETH crypto is experiencing a surge of 0.27% in the last 24 hours, trading at $3044.3. The price action shows a falling wedge scenario, and bears are failing at $3000 support. Therefore, if the demand for the ETH asset price remains high, it could bounce back from the current level. The next goal for the price could be is to break out and reach targets like $3350.0, and $3650.0. However, if the ETH crypto price fails to stay above the $3000.0 level, it could decline further, which could trigger a downtrend.
BITSTAMP:ETHUSDLong
by Yash_Jain_1309
#ETH/USDT Rebounds Strongly: Golden Ratio at Play#ETH/USDT has formed a double bottom pattern and is currently bouncing from the golden ratio (0.618 Fibonacci retracement level), indicating a strong support level. The next significant resistance level is around $3350. If Ethereum manages to break above this resistance, we could see a further upward movement towards the $4000 mark. The double bottom pattern is a bullish reversal pattern, suggesting that the price could continue to rise after a period of consolidation or decline. The bounce from the golden ratio adds to the bullish case, indicating that buyers are stepping in at key technical levels. However, it's essential to monitor the price action closely, as a failure to break above the $3350 resistance could lead to a retest of the support levels. Traders should also consider other factors such as market sentiment, news events, and overall market conditions when making trading decisions.
BITSTAMP:ETHUSD
by crypto_vulture_signals
ETH experienced growth recentlyIn recent times, the Ethereum network had experienced significant changes, with its price structure also showing notable fluctuations in line with the overall market. The recent Dencun upgrade, also called Cancun-Deneb, was rolled out a couple of weeks ago on Ethereum (ETH) with the aim of enhancing the functionality and performance of the network, (which includes scalability, efficiency, and security), by introducing several improvement proposals (EIP). Nevertheless, after this improvement, the value of Ethereum (ETH) has dropped, nearing the $3,000 price threshold. Despite the descending wedge pattern and a lower low structure, ETH experienced growth recently, with a 0.48% increase over the past day. As of the time of writing, ETH is priced at $3,077.5, as per Trading View data. ETH has experienced a 34.07% increase since the beginning of the year, as well as a 28.96% rise in the past three months, and has recently surpassed the $3,000 mark again. Based on the analysis, ETH is projected to hit a target of $3,240 and a higher target of $3,370 depending on buyer backing. Not rising could benefit bears, resulting in price declines to $2,895 and $2,740, respectively.
BITSTAMP:ETHUSDLong
by Yash_Jain_1309
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
COINBASE:ETHUSD
by JaiPrakashShuklaHarmonicTrader
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.
CRYPTO:ETHUSDLong
by Ritika_TCR
1
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.
BITSTAMP:ETHUSDShort
by Yash_Jain_1309
1
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.
BITSTAMP:ETHUSDShort
by Yash_Jain_1309
1
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.
BITSTAMP:ETHUSDLong
by FXBANkthe8055
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
BITSTAMP:ETHUSD
by FXBANkthe8055