ETH Technical Analysis! Analyzing the ETH charts and expecting a breakout once the price crosses the $4951 resistance zone!
ETHUSD trade ideas
ETH BEARISH DIVERGENCE ETH is rejecting from this point becoz huge funding rate and bearish divergence and clearly needs correction to move more upwards.
ETHUSD is set for a new ATHPole and flag chart pattern breakout in ETHUSD. If the pattern succeeds than we can see a new upward rally.
Ethereum Long Term Analysis!Ethereum Long Term Analysis!
Ethereum Monthly Analysis!
Bearish Pennant PAttern formation in Ethereum on Monthy Timeframe!
If price breaks and closes below trendline support we can see further downmove in Ethereum
Ethereum is forming Bearish Pennant pattern. We can see a sharp downmove in Ethereum from 1 dec 2021 after that price is moving in that way like it is forming a Triangle. So the pattern is established. Many of us won't believe for a Ethereum to move this much downward upto 456.75USD. But it's all about Technical Analysis and Pattern identification. I have identified this pattern on Monthly Timeframe. This is how we identify pattern on various timeframe. Greater the timeframe more reliable it would be, So i have done my analysis on Monthly timeframe to predict long term move of an Ethereum. Crypto is very uncertain instrument so we can't imagine how it will move, right? But this is how we perform technical analysis! That's all i have to say!
The downward possible target for an Ethereum is 456.75 USD!
1 Day Time Frame ETH/USD Trend Analysis1 Day Time Frame ETH/USD Trend Analysis. Currently after hitting 3000 Levels on 20th Feb, ETH has been witnessing some profit booking and some correction. If the correction continues we may see levels of 2700 post which Bulls may again take charge back and try to test the 3000 levels again in ETH/USD
BUY ETH with 2 point take profitBuy ETH now
PP:
Trap price
Stoploss and TP in this picture
Good luck!
ETH FORMED HEAD AND SHOULDER PATTERN Eth formed head and sholders along with bearish divergence, so next levels are 2795 level, if breaks further down side also.
USDT.D FORMED INVERSE H & SUSDT.D clearly shows bullish view with inverse head and shoulder and triple bottom which makes movie til 5.35% causes crypto and btc to bleed for sometime.
ETH DOUBLE TOP Eth bearish :
1. Double top
2. Bearish divergence
Next support 2350 breaks will leads to 1950
ETH BEARISH SHARK AND BEARISH DIVERGENCE ETH BEARISH :
1. Bearish shark pattern
2. Bearish divergence
3. Trend line Support lost
Support: 2325 , 2275, 2175, 1950, 1875 and 1750 levels
ETH Long. As per upward trend and Support At Trend Line.Ethrium long position. As seeing current trend and Support At trend line , the technical analysis
Signals Direct towards Long Position.
Ethereum Ready for Another Dump till $1700 ?Ethereum Chart Technical Analysis CRYPTOCAP:ETH
Currently #ETHUSDT Trading at 4H Support Level.
1️⃣ If $2160 level breaks, ETH could drop to $1,750 (Scenario 1)
2️⃣ But if price bounces off $2,160, we could see a 5-10% relief rally. ( Scenario 2 )
My view:
- Bearish below $2,240
- SUPER bearish if $2,160 breaks!
Overall, #ETH is standing on thin ice at a very crucial support zone.
One break could lead to a cascade of selling.
Trade safe!
Movement to the downsideEthereum is looking for short after firing ascending channel & has a corrective formation for a clear move to the downside.
Ethereum (ETH) in a channel breakout Channel breakout
RSI above 70 and rising
Trading above EMA50
Volume increasing
ETH FORMED HEAD AND SHOULDER PATTERNETH clearly shows bearish pattern with H&S pattern which clearly corrects till 2490$.
Ether shortOn daily TF price is near value area high and trying to reject the price. London took out the Asia session’s high and made market structure shift which adds as a confluence to our value area high daily bias.
Entry on either of FVG in chart is considerable as they are in premium range
Good luck shorting.
ETH bearish divergence and rising wedge support lostETH formed bearish divergence and lost support. so correction will take place with 3 different prices levels.
Ethereum Swing Long Setup - Ethereum has not yet outperformed BTC fully.
- Ethereum can now print a huge impulsive wave which can lead to an extended rally
- I think the next target for Ethereum would be around 2800-3000$
- If you are looking for longs in ETH then you can keep an SL of 2150$ and 2260$
- Kindly don't over-leverage and do not buy impulsively too.
- Spot is King and markets are always very volatile try not to mess or leak your money getting greedy.
ETHUSDWe saw ETHUSD Short Because, ETHUSD Elliott Impulse Wave (12345) Complete Now ETHUSD Moved to Elliott Correction Wave (ABC)
Reaching at 2600Etheruem is looking for long & reaching at 2600 for a movement to the upside. Let's see how far it reaches.
Eth/USD 2/1/24 Techical AnalaysisThis is not reommendation it is just practice trade do not buy or sell with my analysis do your own analysis and make decisions
ETH/USD Forecast: Buyers Step in to Lift Ethereum AgainFor Ethereum to thrive, there must be a willingness among investors to engage with the crypto markets and their associated ecosystems, a trend that seems poised to gain momentum in 2024.
Ethereum experienced a downturn in the early hours of Tuesday, further underscoring the prevailing volatility in this market.
In the grander scheme of things, Ethereum appears poised to gain more momentum.
However, the current situation can be attributed to the rapid ascent it recently enjoyed, combined with the fact that we are navigating the period between Christmas and New Year's Day, a time when market liquidity tends to dwindle.
Major Support Level Below
A crucial level to watch is the $2100 mark, which should serve as a significant support zone. This level has not only provided support in the past but has also demonstrated resistance to buying pressure. Market participants are likely to bear in mind this historical significance, potentially presenting an attractive opportunity for value-oriented investors. On the upside, the $2500 level looms large, and a successful breach of this level could pave the way for a move toward the $3000 mark. Over the longer term, there is potential for Ethereum to reach the $3500 level. However, the immediate future is likely to be marked by choppy, back-and-forth price movements.
In terms of strategy, a prudent approach would involve buying the dips, but doing so incrementally rather than diving headfirst into the market. The next few sessions could be characterized by unusual price movements, making it essential to exercise caution. Nevertheless, Ethereum appears to have a bullish outlook in the long run, especially as interest rates in the United States continue to decline. This decline in interest rates has historically been favorable for the broader cryptocurrency market. As traders become more willing to embrace risk, Ethereum stands to benefit. Ethereum holds a unique position within the market as the foundation for numerous tokens and ecosystems built upon its platform. For Ethereum to thrive, there must be a willingness among investors to engage with the crypto markets and their associated ecosystems, a trend that seems poised to gain momentum in 2024.
As Ethereum charts its course into 2024, investors and traders should remain vigilant, closely monitoring key support and resistance levels underneath, and adopting a measured approach to capitalize on potential opportunities in this market, as the buyers will be under current levels to continue to lift ETH to higher levels, as the “cheap money” coming from the Federal Reserve will continue to be a major influence on not only the Ethereum market but also other cryptocurrencies.
