ETH/USDT 1HInterval ChartHello everyone, let's look at the 1H ETH to USDT chart as you can see that the price has returned above the uptrend lines.
Let's start by setting goals for the near future that we can include:
T1 = $3,996
and
T2 = $4,161
Now let's move on to the stop-loss in case the market reverses its trend:
SL1 = $3,699
SL2 = $3,554
SL3 = $3,316
Looking at the RSI indicator, you can see how the movement is approaching the support line again, which may result in another price increase, but here you should pay attention to the STOCH indicator which remains near the upper limit, which may result in the need for a price recovery.
ETHUSDT
ETH DISTRIBUTIONAs in the case with bitcoin the asset is likely to be distributed now. I don't know how long the distribution will last but I am sure that the price will move down to gather the bulls.
A possible situation with a breakout upwards with short positions liquidation and further movement downwards.
In order to continue to grow, it's vital that we make the asset lighter
ETH - The ALTCOIN that CAN still x10🚀📉Hi Traders, Investors and Speculators of Charts📈
Ethereum has made an astonishing 6 consecutive green weekly candles. ETH is forever growing, with even more exiting developments on the horizon for this year. The Ethereum Foundation has announced the upcoming launch of the Dencun network upgrade on the Ethereum mainnet, following its successful activation on all testnets. Scheduled for March 13th , 2024, this upgrade mandates node operators and stakers to update their software.
With all of the development still happening mainly on ETH, I see a bright future for this altcoin as more adoption comes and market capitalization increases.
For the short term: From a technical indicator perspective and given how close we are to 4K, I think ETH increases a bit here before pullback, giving that often when we see "Overbought" in the weekly, there's usually a dip that follows the next weekly candle.
Make sure you check out this idea to get a better understanding of money-rotation between BTC and Alts:
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BITSTAMP:ETHUSD BINANCE:ETHUSDT
TA | ETH - Local perspectiveAt the moment we see a pattern forming on the 4H chart of $INDEX:ETHUSD.
If the price consolidates below $2 873, the potential targets for the price movement will be $2 787 and $2 724.
If the price consolidates above $3 037, the potential price targets will be $3 395 and $3 589.
Etherem to 4k without serious correction?As usual, BITSTAMP:ETHUSD tends to catch up with BITSTAMP:BTCUSD initially, as its price lags behind.
However, after the leader experiences significant upward movements, Ethereum follows suit and often surpasses those gains.
Technically, the price has been confined within a long upward accumulation channel. Once this channel was breached, the price accelerated to the upside.
Currently, Ethereum is in a consolidating phase, and a new upward movement could be imminent.
Considering the measured target for the long-term channel, we could anticipate a rise to around 4100.
Switching to a shorter timeframe, we observe that after the volatile day on February 29th, dips in ETH are aggressively bought, resulting in new highs (unlike BTC).
A break above the 3.5 zone should accelerate gains, with 3750 serving as the short-term target.
ETHUSDT: Emerging Triangles Suggesting Volatility AheadThe BINANCE:ETHUSDT chart on a 6-hour scale presents a compelling scenario with two notable triangle formations. The first, a smaller black triangle , seemed poised for a bullish breakout, but the pattern has failed to materialize as expected, indicating potential weakness or consolidation.
In contrast, the larger white triangle , encompassing a broader range of price action, suggests significant market indecision. Triangle patterns often precede periods of high volatility, and the size of this pattern implies a substantial move could be on the horizon. Traders should watch for a decisive breakout or breakdown from this larger triangle, as it could set the tone for the next substantial trend in KUCOIN:ETHUSDT .
The apex of the triangle coincides with key Fibonacci retracement levels, adding confluence to the potential breakout/breakdown points. A downward breakout targets the 0.618 Fibonacci level near 2083.91 USDT, while an upward move could test the 1.861 extension level, aligning with the previous analysis' target point D .
Remember, triangle patterns require confirmation via breakout volume; hence, traders should look for an increase in volume accompanying the breakout to validate the move.
ETHUSDT: Head and Shoulders Breakdown Targets for Short and LongAfter a thorough analysis of the BINANCE:ETHUSDT chart on a 6-hour timeframe, I've observed a complete Head and Shoulders pattern, with the neckline breached near point B. The pattern indicates a potential SHORT trade, with a target of point C at approximately the 0.618 Fibonacci retracement level of the prior uptrend, corresponding to a price of 2083.91 USDT .
Upon reaching point C , if the price action suggests a reversal with strong bullish signals, such as a Double Bottom formation, there could be an opportunity for a LONG position. The LONG trade could target point D , which is near the 1.861 Fibonacci extension level of the downtrend, projecting a target around 5104.17 USDT.
Please keep in mind this analysis is based on current technical patterns and Fibonacci retracement and extension levels, which are subject to change with market dynamics. This is not financial advice but rather a sharing of my strategy based on my interpretation of the data. Ensure to conduct your own research and apply proper risk management.
Trade safe and best wishes to all!
OPUSDT IDEAUPDATE
The breakout of the Ascending triangle pattern has already occurred within the 1Week timeframe✅
Seems Like Ready For Massive Bullish Wave📈
COIN DETAIL
Optimism price today is $ 3.75 with a 24-hour trading volume of $ 785.72M, market cap of $ 805.31M, and market dominance of 0.04%. The OP price decreased -6.76% in the last 24 hours.
ETHEREUM - Price can bounce down from resistance level to $3565Hi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to rising channel, where it at once declined to support line, after which bounced and continued to rise.
Soon, price reached $3200 level, which coincided with support zone and broke it, after which ETH made retest.
Then price rose to resistance line of channel, but at once fell to support line and then bounced up to $3820 level.
After this movement, ETH at once made strong downward impulse to $3200 level, but in a short time back up.
Also soon, price broke $3820 level, which coincided with resistance area, but at the moment ETH trades in this area.
I think Ethereum can bounce from resistance level and start to decline to $3565
If this post is useful to you, you can support me with like/boost and advice in comments❤️
🌟 ETH Spot Trade Opportunity After Potential Market Pullback! 📊 Analysis:
Current Price: ETH is trading at around $3,785, just above the $3,300 - $3,600 area of support.
BTC Surge: The recent BTC surge might lead to a small pullback in the market.
📉 Trade Strategy:
Spot Trade Entry: Laddering into a spot trade around the $3,300 level of support.
Upside Target: Aiming for the next resistance level at around $4,150 - $4,350.
Stop Loss: Positioned just below at $3,000.
🌐 Note: Keep a close eye on ETH's movement and adjust the strategy based on market dynamics! 🚀
Ethereum still looks bullishConsidering the breakouts that Ethereum has had on the chart, it seems that it is going to sweep all the liquidity pools on top of the chart.
The rebuy range that has a good R/R is the green range.
Closing a daily candle below the green range will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Feb.27-Mar.4(ETH)Weekly market recapBTC and ETH continue to perform strongly, with BTC coming close to reaching ATH last week. However, most tokens on the market continue to fluctuate, and only meme coins follow the pace of BTC. We noticed that during last week's rise, although BTC and ETH both experienced significant increases, tokens with derivative properties of BTC and ETH, such as ORDI, RATS, OP, and ARB, performed generally during this cycle. We believe that this situation may be caused by the short-term supply and demand relationship surpassing value investment. Recently, the increase in staking points projects such as Merlin, Babylon, and Eigenlayer is likely to increase the short-term demand of BTC and ETH.
After ETH broke through the given resistance level, it continued to rise at a fixed slope, and the strength of the bulls surpassed that of BTC. Trading volume remained at average levels.
Judging from the WTA indicator, ETH whales have not increased significantly like BTC, which is consistent with the previous rise. The ME indicator maintains its bullish trend.
Similar to the BTC situation at the 4h level, the blue columns representing whales participated in the recent rise. The ME indicator continues to maintain its bullish trend.
In summary, we believe that the bullish trend of ETH has not ended, and the stable rise has established a foundation for pump. So we raise the resistance level to 4000 and the support level to 3300.
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.
ETHUSDT.1DBased on the given market data, ETH (Ethereum) is currently priced at $3469 against USDT (Tether). The 4-hour chart shows an RSI (Relative Strength Index) of 3564, which is significantly above the overbought threshold of 70, suggesting a potential price correction in the near term. The MACD (Moving Average Convergence Divergence) value is positive, indicating bullish momentum. The price is also above the Bollinger Band's middle line, further confirming the bullish trend.
The immediate support levels on the 4-hour chart are $3076, $2860, and $2757, while the resistance levels are $3555, $3723, and $4170. If the price breaks past the immediate resistance, we could see a rally towards the higher resistance levels. However, if the price falls below the immediate support, it could trigger a sell-off towards the lower support levels.
The daily and weekly charts also show bullish trends with high RSI values of 89.84 and 81.91 respectively, and positive MACD values. The immediate support and resistance levels on these charts are also higher than the current price, indicating a potential upward price movement.
However, it's worth noting that the extremely high RSI values on all charts suggest that the asset is overbought and could be due for a correction. Investors should be cautious and consider taking profits or setting stop-loss orders to protect against a potential price drop.
In conclusion, the technical analysis suggests a bullish trend for ETH in the short term, but with potential for a correction due to overbought conditions. As always, it's important to combine technical analysis with other market indicators and news events, and to consider your personal risk tolerance and investment goals before making investment decisions.
The VAI/WETH Pair Tells The StoryBeen in a consolidation pennant against ETH since it's 55x last year.
Did a 40x+ relative to ETH last time.
If ETH stayed at $3k, breakout flag target would put you at $9 Vaiot.
If ETH goes up, that's a multiplier.
Who knows.. I think $1 is a fair target for the next few weeks. This should be a major wave.
Load up , pups.
Ethereum can correct to support area and then continue to riseHello traders, I want share with you my opinion about Ethereum. Observing the chart, we can see that the price some days ago started to trades in an upward channel, where soon ETH reached and broke the 2905 support level, which coincided with the buyer zone. After this, the price some time traded near this level and later tried to rise, but failed and made little correction, after which it finally rebounded up from the support line of the channel. In a short time later ETH reached current support level, which coincided with the support area, and soon broke it too. Then price continued to rise and reached the resistance line of the channel, but at once, the price turned around and declined to the 3300 support level. As well recently, the price rebounded from this level and started to grow, and now it continues to rise near the support area. For this case, I think Ethereum can correct to the support area, and then continue to rise to the resistance line of the upward channel. Therefore I set my target at the 3570 level, which coincided with the resistance line of the channel. Please share this idea with your friends and click Boost 🚀
BNTUSDT IDEAUPDATE
Broken Falling Wedge in 3D time frame Positively.
If holds over broken level, 45-50 increase in price may be seen .
COIN DETAIL
Price of BNT today The live price of Bancor is $ 0.771131 per (BNT / USD) with a current market cap of $ 102.60M USD. 24-hour trading volume is $ 5.93M USD.
HelenP. I Ethereum can correct to trend line and then rebound upHi folks today I'm prepared for you Ethereum analytics. If we look at the chart we can see how the price some time ago rose to support 2, which coincided with the support zone and in a short time broke this level. Then price some time traded near this level and when it reached the trend line it made an impulse up to 3125 points, after which it made a correction to the trend line. Then ETH rebounded from the trend line to support 1, which coincided with one more support zone. Soon, the price broke this level and rose higher of the support zone, but soon it made an impulse down to the trend line. After this, ETH in a short time rose back and even rose to 3520 points, but recently it declined to the support zone. Also, the price bounced from this zone and started to grow, so I think that Ethereum will decline to the trend line and then rebound up. That's why I set my target at the 3545 level. If you like my analytics you may support me with your like/comment ❤️
ETHUSD BUYING ON DIPS !!!HELLO TRADERS,
I am watching Ethereum chart it is respecting the trend line and we have a great opportunity for buying this pair with a very low risk and higher rewards
The Number of addresses with a balance on the Ethereum network is increasing
Breaking above resistance zone could trigger a bullish phase towards $3,500
its just an trade idea kindly share Ur thoughts in comments we appreciate Ur love
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