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Ethereum (Cryptocurrency)

ETH CME Futures Gap Filled Ethereum's CME futures gap, which had been present for around 90 days, has finally been filled. Typically, CME futures gaps tend to act as magnet levels, drawing the price back to fill these gaps over time. This time, ETH took about three months of consolidation before returning to fill the gap at the $3000 level. Filling this gap can signal renewed momentum. As history has shown, once a futures gap is filled, price can either continue the trend or establish a new support/resistance area around the gap level. Regards Hexa
CME:ETH1!
by HexaTrades
Ethereum: Bullish Targets of $10K to $15KETHUSDT Technical Anlaqysi update Ethereum has been consolidating within a symmetrical triangle for approximately 1,500 days. This long-term pattern has seen the price consistently oscillate between support and resistance levels, gradually narrowing. Currently, ETH is rebounding off the triangle's support trendline and appears to be approaching the resistance level, suggesting the possibility of a breakout. If CRYPTOCAP:ETH manages to break above this resistance, a strong bullish move could ensue, with potential targets around the $10,000 to $15,000 range. The breakout from this multi-year triangle formation could signify a significant upward trend for $Ethereum. BINANCE:ETHUSDT BITSTAMP:ETHUSD BINANCE:ETHUSDT.P
Long
by HexaTrades
1
Ethereum price rise might give green light to the new altseasonHello traders, Ethereum price started to recover after a prolonged fall. Ethereum recovery is on early stages and at the moment it's need more confirmations. ETH price slowly approaching its main resistance to date and it will be big test if the price manages to rise above it or not. In case if ETH manages to breakout above 3000 resistance area and hold there then we can expect continuation of the uptrend. But in case if ETH price fails to do so then we probably will see another correction to around 2400 area. I don't expect this correction to last long though. As we are approaching Q4 2024 I expect overall crypto market recovery and the main drivers of this recovery should be Bitcoin and Ethereum. One more thing, historically, every altseason begins from ETH price recovery and growth of ETH dominance, after that liquidity start to flow to other altcoins. I expect this to be true in Q4 2024. Please, do not forget to boost this idea and leave your comments below, thanks.
by Real_CryptoRoy
11
Ethereum: MACD Signals Potential Bullish! ETHUSDT weekly chart is currently showing a significant bullish signal, The MACD indicator has just completed a bullish crossover, where the MACD line crosses above the signal line, indicating a potential shift in momentum from bearish to bullish. Historically, whenever similar crossovers have occurred on the weekly chart, ETH has often experienced strong upward movements in the following weeks and months. Adding to this positive outlook, the MACD histogram has turned green, reflecting an increase in bullish momentum as the distance between the MACD line and the signal line widens. This is a strong indication that buying pressure is supporting the signal, suggesting that ETH could be on the verge of a substantial bullish move.
CRYPTO:ETHUSDLong
by HexaTrades
ETH Price Holds Steady at Key Support LevelETHUSDT Technical analysis update ETH price has been trading within a triangle pattern for the past 85 days, with multiple touches on both the resistance and support lines. A breakout is likely soon. If the price breaks above the resistance line, a strong bullish move could follow. However, if it breaks below the support, the price may drop to the $1,800 - $2,000 range. ETH price has formed a triangle pattern at a strong 2-year support line. In weekly charts 100 and 200 EMA acts as a strong support for ETH. Currently, the ETH price is trading at a strong support level, indicated by multiple technical indicators. We can expect a bounce from this level after a few days of consolidation Regards Hexa
Long
by HexaTrades
ETH/USD Daily Chart: Ready for a BreakoutEthereum’s price action on the daily timeframe is showing signs of a potential breakout. As indicated on the chart, I have added a second position to this trade. Unlike my typical strategy, I will not take partials on this trade—I plan to close one full position instead. Technical Analysis: • Retracement to Key Fibonacci Levels: On the weekly timeframe, Ethereum retraced to the 0.6 Fibonacci level, a strong support zone that has shown a significant bullish rejection. This deep retracement hints at potential strength, setting the stage for an upward move. • Resistance Zone at $2.5K: If ETH manages to break and close decisively above the $2.5K mark, it could confirm a healthy bullish continuation, signaling a possible retest of the upper ranges around $2.8K-$2.9K. However, if the price stalls, we may be entering a range trading scenario, fluctuating between $2.1K and $2.9K. In this case, I’ll close both positions around $2.8K-$2.9K, depending on how price reacts to those levels. • Trendline Break: The daily chart shows that ETH is attempting to break a descending trendline. A confirmed break above this trendline would add more weight to the bullish case and indicate that ETH is gaining momentum. Risk Management: • I’ve set the stop-loss slightly below key support zones, minimizing downside risk if the market turns. As always, managing risk is the key factor. Should the price dip below the critical areas of support, I will consider closing both positions to limit losses. Fundamental Insights: 1. Monochrome’s Ethereum ETF Launch: Monochrome has launched the first Ethereum ETF (IETH) on Cboe Australia today, adding a significant bullish catalyst to Ethereum’s price action. With in-kind Ether redemption and subscriptions, this ETF offers better tax efficiency for institutional investors, potentially increasing demand for ETH. 2. Institutional Activity: There’s a notable accumulation of ETH by institutional players. A wallet linked to Longling Capital recently added another 5,000 ETH ($12.34M) to its balance, pushing its total holdings to 68,064 ETH ($168M). This kind of movement underscores strong confidence in Ethereum’s price trajectory. With institutional players coming back into the market after the liquidation event in 2022, we are seeing a resurgence of interest in Ethereum, especially as it holds above the $2.5K mark. 3. Ethereum Price Action: Ethereum is gaining momentum, climbing over 3% today and trading above $2,500, aligning well with the overall rally in the crypto market. This rally is also supported by Bitcoin’s strength, as it trades near $65,000, further bolstering the sentiment in the crypto space. Market Sentiment & Conclusion: Despite some slowdown in institutional demand for crypto ETFs in the U.S., Ethereum’s price action and the recent ETF launch in Australia add positive momentum to this setup. If Ethereum continues to hold above $2.5K and follows through with a breakout, the next target will be around $2.8K-$2.9K. If the breakout stalls and range trading ensues, I’ll close my positions accordingly. ETH traders should keep an eye on price action around $2.5K. The key takeaway is that even in uncertain market conditions, sticking to a well-defined plan, like the one outlined here, helps ensure proper risk management while seizing potential opportunities. Let’s continue to monitor how this plays out! Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
ELong
by AR33_
2
Ethereum Breaks $31000 BarrierEThereum has offically crossed the $ 3000 mark reigniting bullish momentum in the market this marks a significant milestone as ethrerum pushes beyond key resistance levels with renewed cofidence among traders and investors alike. Chart Overview The price action shows ethereum building a strong demand zones and breaking through the $3 ,000 resistance. key bullish patterns and liquidity grabs have fruther upside potential. whats Next? As Ethereum trades above this critical psychological level the next targets to watch are $32000/$34000 and potentialy $38000 if the momentum continues . However keep an eye on the potential pullbacks the market remains highly volatile #ETHUSDT #Ethereum
Long
by GoldMarketKiller
#Bitcoin Big Bull Market Roadmap toward $200000#Bitcoin Big Bull Market Roadmap 🚀 CRYPTOCAP:BTC is hitting new highs every day, and I honestly believe this rally could be huge! We might see Bitcoin reach $150k-$200k for its all-time high. 🔹 Once we hit those levels, expect the usual cycle — a bear market. After this bull run, we could see prices dip to around $60k-$80k ( Which will be Bottom of NExt Bull Run ), where the current resistance will become strong support. 🔹 Right now, we're in a Bull Market, so expect a lot of positive news to come your way. But remember, don’t get too swept up in the excitement! If you’re sitting on big profits, make sure to take some off the table. 🔹 A lot of influencers will talk about big dreams, but stay grounded, focus on your strategy, and book profits when altcoins pump hard. You don’t want to be stuck holding 4 years if the market turns.
BITFINEX:BTCUSDLong
by CryptoPatel
9
The point of interest is whether it can escape the box section Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (USDT.D 1M chart) I think that in order for the coin market to start a bull market, it must fall below 4.97 and be maintained or show a downward trend. - (BTC.D 1M chart) At this time, in order for the altcoin bull market to start, I think that BTC dominance must fall below 55.01 and be maintained or show a downward trend. If BTC dominance rises, it means that funds are concentrated towards BTC, so most altcoins are likely to gradually move sideways or show a downward trend. ---------------------------------------- (ETHUSDT 1D chart) For that reason alone, the rise of ETH is significant. Since all coins (tokens) other than BTC can be classified as altcoins, the rise of ETH, which ranks second in market cap after BTC, can be considered the prelude to the altcoin bull market. Therefore, if it rises from the current box range (2273.58-2706.15), I think it is highly likely that the altcoin bull market will begin. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
1
#ETH (SPOT) entry range( 2330- 2530)T.(3380) SL(2310)BINANCE:ETHUSDT entry range ( 2330- 2530) Target1 (3080) - Target2 (3380) SL .1D close below (2310) *** collect the coin slowly in the entry range *** *** No FOMO - No Rush , it is a long journey *** **** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH # AST #PORTAL #CYBER #RIF #ENJ #ZIL #APT #GALA #STEEM #ONE #LINK #NTRN #COTI #RENDER #ICX #IMX #ALICE #PYR #PORTAL #GRT #GMT # IDEX #NEAR #ICP #ETH ***
Long
by Crypto_alphabit
4
ETHEREUM : THE NEXT BULLISH RUN?On the weekly timeframe, ETHUSDT has created Change of Character, which means that the potential bullish trend will be continued. In the ABC correction phase, ETHUSDT has create Descending Broadening Wedge which leads to potential price breakout from the pattern. In the end of C correction, ETHUSDT bounce back in the Fibonacci Golden Zone, including Retest and 3rd Trendline Tap confluence. Based on my analysis, there are 3 target for the future price of ETHUSDT: 1st Target : 4600 2nd Target : 5300 3rd Target : 7300 1st and 2nd Target will be potentially hit in 2025 or even faster. This analysis will be invalid if the price breaks or close under 2110. DISCLAIMER ON!
Long
by Felix_Jonathan
Unstoppable Alt Season Ahead: Is Eth Ready to Outshine BTC ?The ETH/BTC chart suggests that Ethereum (ETH) is potentially on the verge of a major upward movement, particularly if it follows historical patterns. Currently, Ethereum's price against Bitcoin has been in a downtrend since August 2022, trading within a descending channel. This decline aligns with Bitcoin's growing dominance, largely driven by the interest in Bitcoin ETFs. However, Ethereum has a significantly smaller market cap compared to Bitcoin—roughly one-third—which means that each dollar invested in ETH could have a threefold impact on its price compared to Bitcoin. If the same amount of funds currently flowing into Bitcoin ETFs were to enter Ethereum, ETH's price could experience a much larger percentage increase than Bitcoin. A key feature of this chart is the long-standing blue trendline that has existed since 2015, marking significant support levels for ETH/BTC. Each time ETH has reached this trendline, it has been followed by an "Alt Season," a period where altcoins, including Ethereum, have outperformed Bitcoin. This pattern was observed in both the 2016/2017 and 2020/2021 cycles, where touching this trendline signaled the beginning of substantial gains for Ethereum. As ETH approaches this trendline again in 2024, it suggests that another Alt Season could be on the horizon for 2024/2025, setting the stage for ETH to gain strength against BTC. The chart's implication is that ETH could soon reach a cyclical bottom relative to Bitcoin. With the potential for increased institutional inflows into Ethereum, such as through an Ethereum ETF, each dollar invested in ETH could generate a more pronounced impact on its price. This amplification effect, combined with historical price patterns, supports the idea that Ethereum may be primed for a strong performance in the coming cycle. While the general market sentiment around altcoins is currently low, with many investors losing hope, this chart suggests that this may be an ideal time to be optimistic about altcoins. If Ethereum follows its previous cycles, this period could mark the beginning of an altcoin resurgence, making it a potentially opportune time for altcoin investments.
Long
by TheCryptoCity
3
ETH thesis with RAG AI by Titan_Karma Thesis: Analysis of Ethereum (ETH) Market Conditions for November 9, 2024 Abstract This thesis evaluates the potential for profit through a strategic long position in Ethereum (ETH) based on recent market data. With a confidence level of 85%, the analysis incorporates real-time trading metrics, market sentiment, technical indicators, and volatility measures to assess the validity of entering a long position. The underlying approach combines fundamental and technical analyses, exploring factors such as volume trends, support and resistance levels, and social sentiment towards ETH. 1. Introduction The cryptocurrency market exhibits significant volatility and rapid changes in sentiment, making it crucial to adopt a data-driven approach for high-frequency trading strategies. This thesis focuses on Ethereum (ETH), analyzing the market conditions on November 9, 2024, and presents a structured assessment for a potential long position. 2. Data Sources and Indicators Market Sentiment: Bullish, supported by social media sentiment and market participant behavior. Trading Volume: High at 306,994.58 ETH, indicating strong market engagement. Current Price: $3043.59. Key Data Providers: Coinglass, Binance, CoinMarketCap, Augmento.ai, and CryptoCompare. 3. Technical Analysis Price and Support Levels: Current Price: $3043.59. Resistance Level: $3083.82. Support Levels: Significant buy walls identified at $3030 and $3020. Momentum Indicators: RSI: Above 70, indicating overbought conditions. Stochastic Oscillator: Bullish, suggesting ongoing upward momentum. MACD: A recent bullish crossover highlights a favorable environment for entering long. Volatility Indicators: ATR: Low, showing reduced volatility conducive to entry. Bollinger Bands: Tightening pattern, often preceding a breakout. Moving Averages: MA20: The current price remains above the MA20, reinforcing the bullish trend. 4. Market Data Analysis Coinglass Data: Increasing open interest with a weighted funding rate leaning bullish and stable liquidation levels. Binance Order Book: Presence of significant buy walls that could sustain price movement above current levels. CoinMarketCap: High liquidity and substantial market capitalization around $360 billion, indicating a robust trading environment. Augmento.ai Sentiment Analysis: Positive discussions around ETH predict potential bullish outcomes in the near term. CryptoCompare News Sentiment: Analyst perspectives remain optimistic, noting Ethereum's breakout potential. 5. Entry and Exit Strategy Entry Criteria: Timeframe: 15-minute chart for rapid assessment. RSI: Above 70 (bullish but cautious near overbought). MACD: Bullish crossover. Price Position: Above MA20. Bollinger Bands: Price nearing the upper band. Positioning: Trade Direction: Long. Stop Loss: Set at $3000.00 to mitigate risk. Take Profit: Targeting $3100.00. Exit Point: Tentatively set at $3050.00 for a balanced risk-reward approach. 6. Conclusion Based on the gathered data and technical indicators, Ethereum currently shows a favorable environment for entering a long position. The existing bullish sentiment, coupled with positive volume trends and supportive technical indicators, underpins the confidence in this recommendation. The proposed stop-loss and take-profit thresholds ensure a balanced approach to capitalize on potential price appreciation while maintaining risk management. 7. Future Recommendations Future assessments should continue to track changes in order book dynamics, sentiment shifts, and technical indicators on a shorter time frame to refine entry and exit strategies. Additionally, monitoring news sentiment shifts on CryptoCompare and trading volume fluctuations will be crucial for adjusting trade positions to market trends.
Long
by titankarma