Supply Zone acts Take Profit Zone | Long BiasOn Week Chart
ETH is keeping go up to $3,550 this price is Supply Zone and ETH can be reversed
Long Position on lower timeframes
Time will tell
ETHUSDT trade ideas
ETHEREUM Broken Bull Flag so Now Target is $2800 as per Chart#Ethereum Market Update: On the Way to $2800!
Current Status:
Ethereum (#ETHUSDT) has shattered the $2300 resistance mentioned in the last post and is now trading above $2400.
Bull Flag Resistance Broken at $2255, with a successful retest at $2200.
Analysis:
Bullish momentum continues, setting the stage for a push towards $2800.
Caution: In the event of a market downturn due to negative news, anticipate a potential retest at $2290-$2300 before the upward journey to $2800.
Critical Levels:
Resistance Broken: $2255
Retest Completed: $2200
Bullish Target: $2800
Important Note:
Sustaining below $2200 may shift #ETHUSDT into Bearish Mode.
Stay tuned for real-time updates!
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#EthereumUpdate #CryptoTrading #ETHAnalysis
Ethereum Ready for $3000 or $1500 ?CRYPTOCAP:ETH Chart Pattern:
#Ethereum price is currently experiencing a bullish pattern in higher time frames, forming both a symmetrical triangle and a bull flag.
The breakout and subsequent retest of the support level have been confirmed, indicating a potential target of $2,800.
However, if the price of #ETH breaks down below the $2,240 support level, it could turn bearish, potentially dropping to the $1,900-$2,000 range.
It is always important to trade with caution, considering the trend and confirmations before making any decisions.
#TRBUSDT #BULLRUN2024 #HappyNewYear
ETH BEARISH STANDBearish View on ETHUSDT
Trade:
Sell ETH Perpetual future at $2220
Stop Loss: $2260
Target: $2170
Max Profit: $50/ETH
Max Loss : $40/ETH
Rationale:
The most recent movement in ETH suggests a potential temporary halt in the upward momentum, with noticeable retracements in play. Moreover, a recently established supply zone/resistance has been pinpointed on the charts.
At present, the price is in the process of retracing towards the supply zone at 2240.
For risk management, we recommend setting a stop loss at 2260 to invalidate the aforementioned setup.
Ethereum Symmetrical Triangle Chart Analysis #Ethereum Symmetrical Triangle Analysis CRYPTOCAP:ETH
#ETH is currently forming a symmetrical triangle, presenting a potential breakout or breakdown scenario.
A successful breakout above the $2340 level indicates a bullish trend till $3000 Target.
But
Conversely, a breakdown below the symmetrical triangle support at $2200 suggests a bearish trend And Traders should be prepared for a potential retest of the $1500 level in this scenario.
- Avoid Blind Trades:
- Trade with confirmed signals.
- Utilize technical analysis for precision.
ETH SPOT BUYAdding Some ETH for @ 2200$..
For a Target for 5000$ in long term.
#DYOR before taking any investment idea..
Potential 5% Drop in Ethereum Price Amidst Transition from PoW t
Ethereum's price is currently above a crucial support level at $2,147, maintaining a bullish outlook.
Bears are gaining strength, as indicated by the Relative Strength Index (RSI) below 50 and red bars on the Awesome Oscillator (AO) moving towards zero.
The Moving Average Convergence Divergence (MACD) shows positive histogram bars but had previously crossed below the signal line (orange band).
If selling pressure increases, Ethereum might drop 5%, breaking the $2,147 support and testing a bullish barrier from $2,048 to $2,107.
A further decline below $2,075 would confirm a continued downtrend, with a worst-case scenario testing support at $1,935, representing a 10% drop from current levels.
Ethereum 1 Hour Chart UpdateEthereum Market Update
Current Analysis:
Ethereum faced a significant setback, plummeting by 7.5% after breaching the $2335 support level. As we navigate this volatile landscape, it's crucial to monitor key support and resistance zones.
Potential Scenarios:
- Upward Move: If ETHUSDT maintains support at $2200, there's potential for an upward rally towards $2330.
- Downside Risk: Failing to break the $2350 resistance could trigger another downturn, potentially reaching $2050.
Critical Levels:
Support Levels: $2200/$2090
Resistance Levels: $2350/$2390
ETH BULLISH STANDBullish View on ETHUSDT
Trade:
Buy ETH Perpetual future at $2250
Stop Loss: $2180
Target: $2350
Payoff:
Max Profit: $100/ETH
Max Loss : $70/ETH
Rationale:
ETH has exhibited a pattern of achieving higher highs and higher lows in its daily price movements. Notably, it broke through key pivot levels at 2275 during the recent trading session, signifying a promising upward trajectory.
Examining the 4-hour chart, it’s evident that the price is consistently adhering to established support / demand zones. This steadfast adherence underscores the robust buyer sentiment in the market.
We can use 2180 as stop loss of for invalidation of above setup.
ETH BEARISH PEANNENT FAILUREHi.
As May be some pullback or pennant pattern failure and retest the support.
Ethereum Price Prediction Ethereum price trades in a clear consolidative trend on the weekly time frame between $1,933 and $2,141 barriers.
The daily chart for ETH shows a sweep of Monday’s high is likely to be followed by a sweep of Monday’s low at $1,985.
If Bitcoin price undergoes a steep double-digit correction, Ether could also slide to $1,933 and $1,829 support levels.
ETH BULLS TREND IN FEW DAYS.HI FRIENDS.
CURTENTLY ETH FOLLOWING A TREND LINE.
Make sure the level of 2000 is react as a important level with the help of trend line.
And soon it react as support at making a new high.
ETH BEARISH STANDBearish View on ETHUSDT
Trade:
SellETH Perpetual future at $2050
Stop Loss: $2065
Target: $1965
Max Profit: $60/ETH
Max Loss : $40/ETH
Rationale:
The latest price action in ETH indicates a potential pause in the rally, with some retracements observed. Additionally, a newly formed supply zone/resistance has been identified on the charts.
Currently, the price is making an effort to retrace towards the supply zone at 2050.
We can use 2065 as stop loss of for invalidation of above setup.
Ethereum ETH triple bottom head and shoulders bottom bull marketEthereum ETH triple bottom head and shoulders bottom bull market surge trend. Ethereum has two forms at the same time. It is a triple bottom and a head and shoulders bottom. It is an epic bull market surge trend. The main target is the green line above. As long as it breaks through 2100, it will reach 4000, soaring to the ultimate target of 6000/8000.
A Bearish Outlook on ETHUSDT Amidst Technical WeaknessA bearish view on ETH/USDT (Ethereum to Tether) means that the market participants or analysts anticipate a decline in the value of Ethereum relative to Tether. Here are some factors that might contribute to a bearish outlook:
Technical Analysis:
Chart Patterns: Traders often use technical analysis to identify patterns, trendlines, and other indicators that suggest a potential downward movement.
Moving Averages: A bearish crossover of short-term moving averages below long-term moving averages could signal a negative trend.
Market Sentiment:
Negative News: Adverse news about Ethereum, such as regulatory developments, security concerns, or technological issues, can lead to a bearish sentiment.
Investor Sentiment: Monitoring sentiment indicators, such as social media discussions or surveys, can provide insights into market sentiment.
Fundamental Analysis:
Market Fundamentals: Negative developments in the Ethereum ecosystem, such as issues with smart contracts, scalability challenges, or changes in the development team, could impact the market negatively.
Economic Factors: Economic indicators, such as inflation or interest rate changes, can influence the value of cryptocurrencies.
Market Dynamics:
Trading Volume: A decrease in trading volume, especially during a price decline, may indicate weakening demand and potential for further downward movement.
Liquidity: Low liquidity in the market can amplify price movements, making it easier for the market to experience rapid declines.
Global Economic Factors:
Macro-Economic Trends: Economic events on a global scale, such as geopolitical tensions or financial crises, can impact the entire cryptocurrency market.
Remember that cryptocurrency markets are highly volatile, and predictions can be challenging. It's crucial to conduct thorough research and consider multiple factors before forming any trading decisions. Additionally, consulting with financial professionals and keeping up with the latest news can help you make more informed decisions based on the most recent information.
ETH2050-2110 Bull RunBullish View on ETHUSDT
Trade:
Buy ETH Perpetual future at $2050
Stop Loss: $2000
Target: $2110
Payoff:
Max Profit: $60/ETH
Max Loss : $40/ETH
Rationale:
The recent price movement in ETH has convincingly breached the resistance level at 1850, and gave a swing high of 2125. Now the price is attempting to retrace towards its foundational or demand zone regions.
An encouraging sign is that ETHUSDT has maintained its support levels while retracing, further bolstering our confidence in its performance.
Examining the daily chart, it’s evident that the price is consistently adhering to established support / demand zones. This steadfast adherence underscores the robust buyer sentiment in the market.
Exit Time Closed Very soon the bull run of Bitcoin and ETH is going to end, before this you must have created a buy position, then look at this photo and understand that the price of ETH can now go up to 2150 only. After this the side way market will run
Ethereum Bears can takeover DiamondHi friends
On 1900 levels is important resistant as well as 3 trend line cross over.
Now @1hour it forms bearish diamond pattern and it also @1900 and there are 3trend line break @15min frame..
Taking R/R-1/6
After 1 support or market can spend some time @1761-1744 and retest its previous false breakout and continue rally in downside.
eth bearisd channel breakhi friends
We cleary look that currently eth is 1800 which is behave a major resistance.
On daily a big Red candle which sign of bearishness.
Price actian says no line stops me so a good channel braking and retest a trend line.
here is my views on Eth.
