ETH/USDT 1DAY CHART ANALIYSIS !!Here is the daily chart of Ethereum (ETH) against Tether (USDT), with a focus on a potential short scenario. The analysis based on the chart is as follows:
The chart shows a clear descending trend with lower highs and lower lows, indicating bearish momentum in the market.
The price is currently near a key support area of around $2,360, highlighted by the brown horizontal area. This support area has been tested multiple times and is crucial for the next price action.
there is a resistance area near $2,800, which has previously acted as a supply area, which could potentially limit any immediate bullish rally.
A breakdown from a small ascending wedge or consolidation pattern appears, indicating further bearish pressure.
The chart shows a possible rebound from the current support zone, but with overall bearish pressure, the broader movement may remain downward until the price breaks above the resistance.
Below is a long-term ascending trendline, which could act as a key support level if the current support fails.
the short-term scenario remains bearish, with a short-term bounce likely from current levels. However, the general bias suggests caution, as the breakdown from the recent consolidation points to a risk of continued declines unless key resistance levels are broken.
Note: This is not financial advice. Stay tuned for further updates and analysis. Thank you.
ETHUSDT
ETHEREUM Higher Timeframe AnalysisBy looking at the weekly chart on Ethereum, we have noticed that Ethereum is still in its corrective phase. The correction phase is made of 3 waves ( A, B, and C ). As you can see, we have finished waves A and B and we are now in the final wave ( wave C ). Expecting this wave to be completed between the lows and the -0.27 Fibonacci level where we'll be looking to ride the next impulse.
Will be focusing on catching the bearish moves until we reach our buy zone.
Don't forget to hit the like bottom if you like this idea and interested to see shorter timeframe analysis.
Aug.27-Sep.2(ETH)Weekly market recapBTC volatility decreased after BTC gave back the gains from the Jackhole meeting. Currently, the number of stablecoins in the market continues to grow, getting closer to ATH, but there are few market hot spots except memes. After the staking storm passed, we saw the meme rise again. Whether it is Pump.fun on Solana earlier or Sun.pump that appeared on Tron recently, we can see that both large and small entities have turned their attention to memes. Four.meme backed by Binance also began to develop on the BSC chain, trying to capture the popularity after the release of CZ.
For the crypto market, except for emergencies, market volatility suffocates any trader, and people can only grow their wealth through memes. The market only transfers wealth and does not create value.
Risk assets have fully priced in a September rate cut, and even if there is some difference in value, monetary policy is unlikely to bring additional volatility. This Friday, the U.S. Department of Labor will release the latest NFP data. Unless there is a significant deviation from expectations, risk assets will maintain their trend. Beyond that, the cryptocurrency’s performance relative to NDX remains affected by ETF flows.
The volatility of ETH last week was greater than that of BTC, but the overall volatility remained volatile. Trading volume is sluggish. The indicators are consistent with the reaction of BTC. No whales have participated in the past seven days of trading, and the ME indicator maintains a bearish trend.
To sum up, we believe that ETH is weaker than BTC. This is also reflected in the capital flows of the ETH ETF. We maintain our original resistance level 2800 and support level 2400.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Ethereum - CME Gap yet to be filled#ETH/USDT #Analysis
Description
---------------------------------------------------------------
+ As shown in the chart, the Bitcoin CME futures gap is still unfilled.
+ This gap was created during the sudden market crash driven by recession fears.
+ Historically, 90% of CME gaps get filled sooner or later, and we expect the same outcome in this case.
+ Currently, the ETH price is around the support zone, and it appears to have recovered after hitting this level.
+ It's likely this gap will be filled in September, as it is typically a bearish month, but it should certainly be filled before the end of October.
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
EthereumHi guys
We are at the bottom of the upward channel. On the other hand, the amount of Ethereum in the centralized exchange has reached the lowest historical level. It seems that investors are not sellers at these rates.
In the four-hour time frame, it seems that with the consumption of the $2408.3 support area, we can expect a downward trend similar to the scenario from the specified resistance range.
On the daily time frame, according to maintaining the support area and ascending channel, provided that the ascending trend line is maintained, the price area of $2250 can be attractive for buying.
what do you think?
ETH/USDT: DAILY TECHNICAL ANALYSIS!!Hey everyone!
Appreciate a like and follow if this analysis helps!
ETH is currently trading around $2400 level. It forms a symmetrical channel in the daily time frame and approaches towards the channel's lower trendline.
As you see in the chart, it has a strong support of around $2100-$2300 level (Green Box). After we test this support, expecting a good bounce in quarter four of this year.
All we need to survive the next 20-25 days patiently. After that, we will see a huge upside in the crypto market.
What are your thoughts on Ethereum's current price action? Share your analysis in the comments!
ETH/USDT 4-HIOUR CHART UPDATE !!
ETH/USDT is currently trading at $2,448, down by 0.07%. On the 4-hour chart, ETH shows signs of weakness after breaking down from a rising wedge pattern, a bearish signal suggesting a potential downside. Immediate support is around $2,395, with a more significant support level near $2,165, where a long-term trendline may provide a strong base. Resistance is seen at $2,580, and a break above this could shift the trend back to bullish. However, failure to hold above support levels might push ETH towards lower zones, potentially targeting the $2,100 area. Watch for volume confirmation on any breakout attempts.
Note: This is not financial advice. Stay tuned for further updates and analysis. Thank you!
ETH → a short position signalhello guys.
Resistance Zone:
Price action has recently tested the resistance zone around $2,668-$2,715 (yellow shaded area), which aligns with a Fibonacci retracement level of 0.618. The price was unable to break above this resistance and has started to move downward.
Bearish Trend Formation:
A clear downtrend is forming as the price has failed to make a higher high and is now making lower lows. The downtrend is confirmed by the rejection from the resistance zone.
Fibonacci Retracement Levels:
The chart uses Fibonacci levels to highlight potential support and resistance areas. Key levels to watch:
0.382 retracement at around $2,455.94
0.618 retracement at around $2,395.78 (next target zone)
Key Support Levels:
The next significant support level is around $2,366 (highlighted by the yellow zone at the bottom). If the price continues its downward movement, this area may serve as a potential buying opportunity or a target for short positions.
Potential Trading Strategy:
The bearish momentum suggests considering a short position with a target near the $2,366 support zone. A stop-loss could be placed above the recent high at $2,668 to manage risk.
Market Outlook:
Bearish in the short term as the price is likely to continue declining towards the next key support level.
Overall, the chart suggests a bearish trend with a potential downside target around $2,366 if the current support level fails to hold.
___________________________
✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Is an Altcoins rally coming? When? ETH/BTC 1W chart;CRYPTOCAP:ETH CRYPTOCAP:BTC 1W chart;
On the chart we see two falling trend lines (red dash), one rising trend line (green dash). The price is in this range.
It bounced 2 times from the OB resistance just above it. This place is weakened. It can also be interpreted that if it weakens enough, it may go up to the OB area above.
It touched the lower green trend line 3 times and the last time it touched it, the mismatch on the RSI side stands out. So it gave an upward signal.
The big red candle on the right shows the monthly volume. In other words, since the month started, it has gone down without going up.
The appreciation of #Eth against #Btc means that altcoins are also appreciating. Accordingly, it is expected that a movement in altcoins will begin. Likewise, I have previously informed that many of the altcoins are in strong bottoms and trend compression.
Although there is a downtrend extending from September 2022 to the present day, a close above the -OB level just above the current level will be the beginning of an upward trend. Therefore, it is important to follow this level.
$ETH WEEKLY UPDATE CONFIRMATIONS & INVEST SETUPCRYPTOCAP:ETH will dump more if it breaks 2300 & 1950 support!
I already shared 1 day trade setup, checkout here :
Next Weekly strong support at $1620 & $1130
For Long term investment you can DCA at weekly support & Target : $3.2k-4.5k-$6k
#DYOR
Weekly confirmations are -
- Inverse HnS
- Previous ATH (2017)
- Volume profile
- 3 drive pattern
- Monthly 100 EMA Support
IF YOU LIKE THIS UPDATE PLEASE BOOST & FOLLOW. THANKS
$ETH ENTRY SETUP & TRADE CONFIRMATIONS (1DAY TF)CRYPTOCAP:ETH 1Day chart is showing some bullish confirmations, like :
- PO3/AMD
- ETHBTC Regular Bull Divergence
- 1 DAY Order Block at 2300
- Butterfly & Gartley pattern
- Uptrend Support
- Weekly 200 EMA Support
Short/mid term trade Entry : $2311 & $1955
Target : 2.8k-3.5k-4.5k.
Must use Stoploss below 1600 & follow proper risk management!
If you Like this update please boost this idea & follow us. Thanks
Ethereum - Bearish M-Pattern, DEMAND Zone ApproachingETH is still correcting after the bearish chart pattern (M-Pattern) formed.
The next major demand zone is identified two ways:
✅- Connected with the longstanding diagonal trendline, which acts as a support
✅- Bounce zone for previous major candle wick
✅- Previous resistance, then support, now about to be retested as support
As a first stop, the lower white trendline can be used as a price range guage:
Remember that the price will remain bearish until daily candles start to close ABOVE the red trendline, in which event it will turn green.
________________________
COINBASE:ETHUSD BINANCE:ETHUSDT
Ethereum - Time to buy again! BINANCE:ETHUSDT
It seems that the price has good support after the wedge break on 50% Fibonacci and after this price can grow up to resistance zone also ETHUSDT has completed his corrective waves (ABC) , now it is time to start the five bullish waves !!
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
ETH (Ethereum): Approaching SupportTrade setup : Price broke below its 200-day moving average, which signaled downtrend. It bounced off $2,100 support and reached $2,800 resistance where it got rejected. Momentum is fading (MACD Histogram declining ). We would be buyers if price dips to $2,100 support again. The recent launch of nine ETH Spot ETFs could also boost demand for ETH. Learn to trade chart patterns in Lesson 8 and set Stop Loss levels in Lesson 9.
Pattern : Price is Approaching Support, which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level. Learn to trade key levels in Lesson 7.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $2,400.00, then $2,100.00. Nearest Resistance Zone is $2,620.00, then $2,850.00.
Is Ethereum poised for 20% breakout?The price of Ethereum broke below the support at $2500, which revived the possibility of a restest of the next support at $2200. Therefore, a structural higher low is going to form in a deep value zone following a breakdown from the rising wedge. The bulls have halted the bearish trend with a reversal above $2500 while the next price action remains uncertain. If the bulls maintain a healthy upswing, a rise above $2700 may elevate the levels to $3000. As the crypto winters are about to begin, the bullish probability remains within a limited range.
Therefore, if the price loses the current support zone between $2350 and $2416, then a drop close to $2000 could be imminent. This move may attract the required liquidity, which may revive a strong ascending trend.
The ETH price is still trading above the EMA 50 support level in the longer time frame and hence there could be a possibility of a price capitulation. Therefore, the sluggish phase is expected to go on where the price may continue its trade within a narrow range. Hence, the Ethereum (ETH) price is believed to maintain a range-bound trade for a few more weeks, which may result in a bullish breakout beyond $3000.
BTC v ETH Ratio. Yellow Coin is Back To Be The Only Game in TownThe cryptocurrency community recently took a trip down memory lane, reflecting on the early days of Bitcoin, when Bitcoin historian Pete Rizzo published a chart showing the cryptocurrency's pricing exactly 14 years ago.
14 years ago, on August 23, 2010, you could buy 10 Bitcoin for $1.
Back in 2010, Bitcoin was a relatively unknown digital currency, having launched the year before and was primarily used by a small group of enthusiasts and early adopters.
From being worth mere cents to reaching all-time highs of nearly $74,000 this year, Bitcoin's price growth has been nothing short of extraordinary. What began as an idea for a decentralized currency has grown into a multi-trillion-dollar market, attracting investors, institutions and governments worldwide.
Recent weeks have seen numerous reactivations of several ancient Bitcoin wallets, whose value has skyrocketed astronomically as the price of Bitcoin increased.
Ethereum is a bit younger coin, a symbol and a face of all altcoins; it is a decentralized blockchain with smart contract functionality. Ether use the native cryptocurrency of the platform. Among cryptocurrencies, Ether is second only to bitcoin in market capitalization. It is open-source software.
Ethereum was initially described in late 2013 in a white paper by Vitalik Buterin, a programmer and co-founder of Bitcoin Magazine, that described a way to build decentralized applications. Buterin argued to the Bitcoin Core developers that blockchain technology could benefit from other applications besides money and that it needed a more robust language for application development that could lead to attaching real-world assets, such as stocks and property, to the blockchain.
In total they both, Bitcoin and Ethereum, weight around 72% of total market cap in this time, where BTC weights near 57%, and ETH weights around 15%.
The main technical graph (BTCETH) represents ratio between these two major crypto coins, BTC and ETH overall.
In technical terms, it's been highlighted on the graph several important issues:
👉 Reversed Head-and-Shoulders technical structure in development, as BTCETH ratio has recently broke it's 3-years old resistance.
BTC seems more powerful coin against ETH and other altcoins, and BTC Dominance CRYPTOCAP:BTC.D is rising over the past 3 years and a half, since it hit the bottom near 40% degree.
👉 52-weeks SMA supports BTCETH ratio over the past twelve months.
👉 5-years SMA resistance is near to brake by surging BTCETH, 1st time in history ever.
In a bottom line Yellow Coin is back to be the only game in town, as markets participants seems trying to consolidate near the most strong crypto asset only (i.e. BTC).
Don't rush Ethereum is still bearishEthereum has broken a flip range to the bottom and is now pulling back towards this area.
Also, Ethereum's structure is bearish in large timeframes.
We are looking for sell/short positions in the POI range.
The targets are marked on the chart.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ETH will break the resistance zoneHi everyone, in my analysis ETH will break through resistance this week and rise to 3,000 ++
Note : Please follow your strategy, this is just my idea and i will gladly see your ideas in this post.
Don't forget to put STOP LOSS for your position, remember STOP LOSS is the key of consistency trading for long term.
Point to break out of short-term downtrend channel (2851.75)
Hello, traders.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
-------------------------------------
(ETHUSDT 1D chart)
The key is whether the price can rise above 2851.75 to break out of the short-term downtrend channel.
-
Currently, it has risen above the M-Signal indicator on the 1M chart.
Therefore, from a long-term perspective, it is possible that the uptrend will continue.
However, in order for a full-scale uptrend to begin, the M-Signal on the 1D chart > M-Signal on the 1W chart > M-Signal on the 1M chart must be in that state.
Therefore, we need to see if it can maintain the price by rising above the M-Signal indicator on the 1W chart after the volatility period around September 8th.
-
Since the StochRSI indicator is currently in the overbought zone, it is important at what point it finds support when the StochRSI indicator falls from the overbought zone and becomes StochRSI < StochRSI EMA.
Therefore, if it fails to rise above 2851.75 and falls, it is important to see if it can find support around 2621.99-2700.43.
If it finds support around 2621.99-2700.43 and switches to the state of StochRSI > StochRSI EMA, it is expected to lead to an attempt to rise above 2851.75.
-
If the M-Signal indicator of the 1W chart rises above, the HA-High indicator (3265.00) of the 1W chart and the HA-High indicator (3321.30) of the 1M chart are likely to be the first resistance zones.
-
The volatility period on the BTCUSDT chart is around September 13.
However, the volatility period on the ETHUSDT chart is expected to start around September 8.
Therefore, the key is whether it can escape the short-term downtrend channel after September 8.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that a full-scale uptrend will begin after rising above 29K.
The area 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 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
-----------------
ETH-USDT 1D Interval ReviewHello everyone, I invite you to a quick review of the ETH pair to USDT chart, taking into account the interval of one day. As we can see, the price is moving along a locally formed upward trend line.
Currently, we can see how the price approached the resistance level at $2,843, then resistance at $3,010, then resistance at $3,251, and then very strong resistance at $3,569.
Looking the other way, support is visible at $2,550, the next support is at $2,383 and then there is support at $2,112.