ETHUSDT.5S trade ideas
Ethereum 1D Technical Analysis & Commentary - Ethereum is currently trading at 2614$
- Ethereum got exactly rejected from the same point of interest where it showed us a bearish rally from
- Ethereum has the last FVG left around 2500-2550$ and once that is filled, I anticipate the huge demand side Imbalance to get filled.
- We have a huge imbalance from 3600$ where we saw Ethereum flat falling from, that will soon be covered once we see a weekly close above 2800$
- Study Price Behaviour and Price Action as of now, for spot buyers ethereum under 2700$ is a gift and you shouldn't miss that
- Spot Accumulation Zones: 2400-2580$
- Once ETH/BTC turns bullish you will see ETH and its whole ecosystem flying
- Till then hold it and you will soon see this moving impulsively, always manage risk.
ETHUSDT: What should be traded and note?The ETH/USDT chart suggests a possible bearish move:
Resistance: Around $2,462, price may test this level but face rejection.
Support: The support zone is at $2,420, where the price could potentially fall.
Trading Plan: Short near $2,462 if rejection occurs, targeting the $2,420 support. Place a stop loss above $2,500 for safety.
This is a straightforward approach based on current chart patterns and key levels.
ETH/USDT Bearish chart below $2660 so what next?$ETH/USDT Technical Analysis
CRYPTOCAP:ETH is trading around $2640, with a strong Bearish Order Block near $2660—high probability of rejection. If $2660 holds as resistance, a retracement toward $2450 is likely.
Note: A 4H candle close above $2660 will invalidate the setup, and I'll close my ETH/USDT short position.
Support: $2450 / $2300
Resistance: $2660
The Power of My Price Action Strategy: Ethereum Targets HitThe Power of My Price Action Strategy: Ethereum Targets Hit
Today, Ethereum showcased the effectiveness of my price action strategy. The day started with a strong buying trade, as the price showed clear signals of upward momentum from a key support level. As the market gained strength, the buying trade played out perfectly, yielding solid gains. Later, as selling pressure increased at the peak, it presented a high-probability selling trade. The market reversed swiftly, hitting targets on the downside. This seamless execution of both buying and selling trades highlights the reliability of my strategy, allowing me to profit from market moves in both directions.
Ethereum Live Selling Trade!
Price: ETH is currently trading at $2,472.52, up by 1.35%.
Resistance: The nearest resistance level seems to be around $2,480, which could act as a key area to watch for potential rejection.
Support Levels: Strong support levels at $2,458, $2,438, and further down at $2,421.
Trend: The recent sharp upward movement indicates a bullish trend. However, if ETH fails to break above $2,480 convincingly, there could be a pullback toward the support levels.
This would be a good moment to either wait for confirmation of a breakout above resistance for buying or consider shorting if price reverses. What are your next plans for this trade?
Ethereum 1D Technical Analysis & Commentary- Ethereum is currently trading at 2448$
- Ethereum has been moving in a range since August 2024
- Ethereum has also underperformed Bitcoin after its ETF approval that's another thing to notice
- Ethereum/BTC has been slaughtered like anything and that's another way to track when ETH will outperform BTC
- ETH/BTC is currently in a free fall and I see 2 Major areas where I expect a reversal from
: 1st - 0.029
: 2nd - 0.021
- Ethereum's ecosystem and Altcoins will only pump hard the ones related to the ETH ecosystem when we see Ethereum flipping 2800$ and making a weekly close above it post that we might see a strong recovery in Alts like OP, ARB, Matic, and so on.
- Meme coins based on the ETH ecosystem are already performing nicely, but if ETH takes over then they will also turn parabolic so watch out PEPE it's a narrative play
- Ethereum has started building a base now, the bigger the consolidation the larger the expansion is going to be, mind that
- Spot Ethereum accumulation at this price is best from a conservative approach you can easily expect 100% in a quarter if your average price is 2500$
BIG W MONTHLY TF (ETH)
W PATTERN
The W pattern, or double bottom, is another bullish reversal signal. When you spot it, it often indicates that a downtrend has found strong support and is ready to reverse upward. The two troughs of the "W" shape are key areas of support. Are you anticipating a specific stock or asset to break out of this pattern?
Live : Ethereum (ETH/USDT) Levels for 11th October 2024Ethereum (ETH/USDT) Levels for 11th October 2024
The live chart for Ethereum shows significant price movement with strong support and resistance levels.
Resistance Levels (Red):
2,472.23
2,458.29
These levels indicate where selling pressure is expected. Ethereum has touched near these zones but struggled to break above, signaling resistance and potential selling interest.
Support Levels (Green):
2,395.55
2,379.18
These are the areas where buyers are stepping in, showing strong support. If the price falls near these levels, it is expected to see buying momentum kick in, preventing further decline.
Currently, Ethereum is trading at 2,441.66, with a significant upward move of +2.30%, showing bullish momentum. Traders should be cautious around the resistance levels and look for buying opportunities near the support zones for possible entries.
#ETH📊 Ethereum () Chart Pattern Alert! 🔥
📈 ETH is forming a key chart pattern, which could provide important clues about its next move. Whether you’re trading or HODLing, now is a good time to pay attention to the technicals.
🔍 What to Look For:
Current Pattern:
Support & Resistance: Watch for ETH testing major support and resistance levels—these could trigger big moves.
Breakout Potential: If the pattern completes, we could see ETH make a decisive breakout either to the upside or downside.
🚨 Key Indicators:
Volume: A rise in trading volume could signal confirmation of the next move.
Trendlines: Keep an eye on the upper and lower trendlines for breakout or breakdown signs.
Price Action: Price targets can often be measured based on the height of the pattern.
🌟 Why This Matters: Technical analysis patterns can provide insight into market sentiment and help anticipate potential price movements. Stay informed and keep your strategies sharp!
📊 Always do your own research and consider risk management in your trading decisions.
ETHUSDT today ETH is currently trading at 2,633.61 USDT, showing a slight pullback. The chart presents a key resistance level at 2,701.53 USDT and a significant support zone around 2,574.43 USDT.
Possible Scenarios:
Bearish Rejection (Red Path): If ETH fails to break the resistance at 2,701.53 USDT, it could see a drop towards the support level of 2,574.43 USDT.
Bullish Breakout (Blue Path): Should ETH break above 2,701.53 USDT, a further upward move could be expected, indicating a continuation of the bullish trend.
Trading Strategy:
Bearish: Short positions could be considered if ETH fails at resistance, targeting the 2,574.43 USDT support zone.
Bullish: Long positions can be taken if ETH breaks above 2,701.53 USDT, targeting higher levels.
Traders should monitor the resistance and support levels closely to catch potential market moves.
ETH FLAG & POLE BREAKOUT RETEST A flag and pole breakout is a popular chart pattern in technical analysis, often used to identify potential continuation of a trend. Here’s a breakdown of the pattern:
Components of the Flag and Pole Pattern:
The Pole: This is the initial sharp move in price, either up or down, which forms the “pole” of the pattern.
The Flag: Following the pole, the price consolidates in a small, rectangular range, forming the “flag.” This consolidation can be horizontal or slightly angled against the prevailing trend.
Types of Flag Patterns:
Bullish Flag: Occurs in an uptrend. The pole is formed by a strong upward move, followed by a consolidation period. The breakout from the flag typically signals a continuation of the uptrend12.
Bearish Flag: Occurs in a downtrend. The pole is formed by a sharp downward move, followed by a consolidation period. The breakout from the flag typically signals a continuation of the downtrend3.
Key Characteristics:
Volume Pattern: Volume usually increases during the formation of the pole and decreases during the consolidation phase. A breakout is often accompanied by a surge in volume1.
Breakout Confirmation: The pattern is confirmed when the price breaks out of the flag in the direction of the preceding trend4.
Trading the Flag and Pole Breakout:
Identify the Pattern: Look for a strong move (pole) followed by a consolidation (flag).
Wait for the Breakout: Enter a trade when the price breaks out of the flag in the direction of the initial move.
Set Targets: The target price is often estimated by measuring the length of the pole and projecting it from the breakout point12.
Manage Risk: Place a stop loss just outside the flag on the opposite side of the breakout5.