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Ethereum (Cryptocurrency)

Bullish bounce?Ethereum (ETH/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance. Pivot: 2,920.42 1st Support: 2,692.59 1st Resistance: 3,382.58 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:ETHUSDLong
by ICmarkets
SOLUSDT | Marketoutlook Summary: • SOL/USD Movement: • Trading within a medium-term descending channel . • Resistance zone: 157.40–162.50 (23.6% Fibonacci & Murrey ). A breakout above could lead to further growth toward 175.00 and 185.80 (July highs). • Support zone: If the price falls below 147.60 (central Bollinger Band), it could decline toward 131.25 (38.2% Fibonacci & Murrey ) and 125.00 (Murrey ). • Technical Indicators: • Bollinger Bands: Horizontal, signaling consolidation. • Stochastic: Preparing to exit the overbought zone, indicating a potential sell signal. • MACD: Increasing in the positive zone. • Trend Outlook: • With the long-term downtrend intact, further decline in the near future appears more likely.
Long
by DynamicCapital-FX
1
Whether it can rise above 3265.0-3321.30 is the key Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (ETHUSDT 1D chart) What we should be interested in is whether it can rise above 3265.0-3321.30. Also, since the StochRSI indicator seems to have touched the oversold zone, whether it can receive support near 3039.57 is also the key. - If it falls below 3039.57, 1st: 2895.47 2nd: 2666.70 We need to check if it can be supported near the 1st and 2nd above. - If it rises above 3265.0-3321.30, I think it is highly likely that the upward trend will continue to renew the ATH. However, it is expected that the first hurdle will be whether it can break through the 3438.16-3644.71 range. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems that it has been maintaining an upward trend following a pattern since 2015. That is, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend. Accordingly, the uptrend is expected to continue until 2025. - (LOG chart) As you can see from the LOG chart, the uptrend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. How to view and respond to this is up to you. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 1st : 44234.54 2nd : 61383.23 3rd : 89126.41 101875.70-106275.10 (Overshooting) 4th : 134018.28 151166.97-157451.83 (Overshooting) 5th : 178910.15 -----------------
by readCrypto
Harvest Finance FARM: A Must-Watch OpportunityAll eyes are on Harvest Finance (FARM), the next big contender in the crypto market. The rally is about to ignite, with initial targets set at $140 and potential to soar up to $300 in the near future. Harvest Finance is renowned for its robust farming ecosystem and consistent yield generation, attracting attention from investors and p#mp groups alike. The momentum is building, and the expanding market cap could propel FARM to new heights in no time. Act now, load up your bag, and stay alert. FARM is primed to skyrocket, and those who move quickly will reap the biggest rewards. ⏰ The time is now! Don’t miss this once-in-a-lifetime opportunity. 🚀 BINANCE:BTCUSD COINBASE:ETHUSD COINBASE:BTCUSD
Long
by SophiaAnderson
Ethereum's Fading Dominance: A 2023 Trend That Could ContinueEthereum's relative strength against Bitcoin has been waning throughout 2023, and technical analysis suggests this trend may persist. A Breakdown in the Making Ethereum (ETH) has been showing signs of weakness relative to Bitcoin (BTC) throughout 2023. This trend and a recent technical breakdown suggest that ETH/BTC could continue its downward trajectory. Key Technical Indicators 1. Relative Strength Index (RSI): The RSI for ETH/BTC has been declining, indicating a loss of momentum in Ethereum's price action relative to Bitcoin. 2. Moving Averages: The 50-day and 200-day moving averages for ETH/BTC have crossed over, forming a bearish "death cross" pattern. This pattern often signals a potential downtrend. 3. Support Levels: ETH/BTC has struggled to hold onto key support levels, suggesting that selling pressure is increasing. Why is Ethereum Losing Ground to Bitcoin? Several factors may be contributing to Ethereum's relative weakness: 1. Network Congestion and High Fees: Ethereum's network has been plagued by congestion and high transaction fees, particularly during periods of peak demand. This has led to a decline in user experience and network adoption. 2. The Rise of Layer-2 Solutions: While Layer-2 solutions like Arbitrum and Optimism have helped alleviate some of the congestion issues, they have also fragmented the Ethereum ecosystem. 3. Competition from Other Smart Contract Platforms: Other smart contract platforms, such as Solana and Cardano, have been gaining traction and challenging Ethereum's dominance. 4. Bitcoin's Growing Institutional Adoption: Bitcoin has been increasingly adopted by institutional investors, who view it as a store of value and a hedge against inflation. This increased demand for Bitcoin could be driving capital away from Ethereum. The Potential Impact of the Merge The Merge, a significant upgrade to the Ethereum network, was expected to improve network efficiency and reduce energy consumption. However, the impact of the Merge on Ethereum's price performance has been mixed. While the Merge may have long-term benefits for the Ethereum ecosystem, it has not been enough to reverse the short-term trend of ETH's underperformance relative to Bitcoin. Conclusion Ethereum's relative weakness against Bitcoin is a concerning trend for ETH holders. The technical indicators suggest that ETH/BTC could continue to decline in the coming months. While the Merge was a significant milestone for Ethereum, it may not be enough to offset the challenges facing the network. Investors should closely monitor the price action of ETH/BTC and be prepared for further downside. Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Please conduct your own research or consult with a financial advisor before making any investment decisions.
Short
by bryandowningqln
RAY Opportunity: The Time to Jump In Is Now!D1scord and R3dd1t channels are projecting an impressive 200% probability of gains for RAY in the upcoming moves! Expectations are high that this asset is about to explode, and those positioned now stand to maximize the potential of this pump. Tips to Make the Most of It: 1️⃣ Load up your RAY bags while it’s still affordable. 2️⃣ Focus on Spot, protect yourself from potential liquidations, and stay disciplined. 3️⃣ Follow the signals and seize the opportunity at the right moment. All signs point to a major move on the horizon – RAY is ready to take off! Don’t miss your chance to get in before the breakout. COINBASE:ETHUSD BINANCE:SOLUSDT BINANCE:BTCUSD
Long
by SophiaAnderson
1
DOGE Gov (DOGE) Long-Term PT ~$50 this crypto cycle 100x GainsMy long-term PT for this coin is $50+ and which would put the market cap at about BER:48B which is DOGE's (old coin) CURRENT market cap. Think about it - DOGE Gov has a consistent and long-term meme that will only gain in traction with the D.O.G.E. narrative over the next 90 days and even over the next 4 years. This is one of the strongest memes possible with the MSM mentioning this story every day. Also this token is built on ERC-20 and not Litecoin like the old DOGE. There will be some interesting interplay b/w ETH, DOGE (old), and the meme itself feeding into the DOGE Gov community. This is your 100x coin of this cycle.
Long
by DanOxAm
2
Doge Gov Next Target $1.08 1.618 Fib ExtensionThese are the next major targets for Doge Gov after hitting multiple key Fib levels in the previous pumps. This meme probably has the most power over the next 60-90 days given the insane amount of content that is generated by all of MSM when they mention D.O.G.E. (Elon's new position in the Govt). After $1.08, expect $1.60 in and $2.43 in short order and then $7.50 by year-end or by the time Trump takes office in January. This token will correlate with the old DOGE a lot but eventually will move on its own accord and volition once this meme picks up steam. The official twitter account (@doge_eth_gov) is picking up massive followers every day. Some days it's +10k, currently 80.1k and counting which in crypto world, that is a meme gaining momentum and it'll slingshot higher with this kind of increasing meme community.
Long
by DanOxAm
ADA Cardano: The Time to Act is Now!We’re targeting $1.57 to $2, and the goal is clear: ADA is ready to take off, backed by solid fundamentals and strong signals of an impending major move. Telegram, Reddit, and Discord groups are already organizing for the next big pump, and this is your chance to get in before the price skyrockets. Why is ADA poised to explode? Rising Institutional Adoption Charles Hoskinson, Cardano’s founder, is spearheading a strategic initiative to engage directly with governments and regulators. This paves the way for a multi-billion-dollar institutional market, positioning Cardano as a top choice for companies and governments seeking compliant blockchain solutions. Global Adoption in Emerging Markets Cardano is already making a difference with impactful social and commercial projects in Argentina and Africa, building real-world use cases that create a strong foundation for mass adoption. This growing demand inevitably drives up interest in ADA worldwide. Low Market Cap with Explosive Potential With a relatively low market cap, ADA is perfectly positioned for a breakout. High-impact projects like Cardano tend to attract investors rapidly, and the next big pump could easily push ADA beyond $2 in a short period. Don’t miss out: The time is now. Get in before institutional adoption and global demand push ADA to new heights. This could be your best chance to ride the wave before the next major breakout. 🌟 ⏰ Be ready – ADA is about to soar. Don’t miss this opportunity! 🚀 COINBASE:BTCUSD COINBASE:ETHUSD BINANCE:BTCUSD
Long
by SophiaAnderson
2
CLV: Explosive Opportunity – Don’t Miss the Pump!We’re aiming for $2, and the goal is clear: CLV is about to take off, and the move could happen at any moment. Telegram, Reddit, and Discord pump groups are already preparing for the next big boom, and we’re giving you a heads-up so you don’t miss out. Why bet on CLV now? The token has an extremely low market cap, making it the perfect candidate for a sudden breakout. With so much untapped potential, CLV can easily surpass $1 billion in market value. This week alone, we’ve seen several meme tokens hit billions, and now it’s CLV’s turn. The setup is ready, and the next big move is being planned. Immediate action is key: Don’t miss this once-in-a-lifetime opportunity. Jump in now, load up your bag, and get ready for the pump. The plans are already in motion, and those who act early will reap the biggest rewards. ⏰ The time is now! Join before it’s too late. COINBASE:ETHUSD BINANCE:BTCUSD COINBASE:BTCUSD
Long
by SophiaAnderson
4
ETHUSDT WEEKLY ENTRY SIGNAL LONGHappy weekend, dear hodlers! I hope you’re having a great time and enjoying this wonderful bull run. This is ETH on the weekly time frame. It has passed the 0.382 FIB level and is now at a resistance level that accounts for one-third of all historical price action. Volume is decent, but there’s room for improvement. The trading system is signaling an entry at this level, which aligns with last week’s close. Overall, everything looks promising for a long-term entry for those looking to HODL. I’ll keep this idea updated!
Long
by vagada
Ethereum (ETH) Forming Reversal Patterns with Bullish Potential Head and Shoulders Formation: Ethereum recently completed a head and shoulders pattern, resulting in a corrective decline toward lower levels. Double Bottom Pattern: A bullish double bottom is forming near the $2,918 support level, indicating a potential reversal zone for a long position. Key Levels: Resistance: $3,150 and $3,360 are crucial resistance levels to watch for a breakout. Support: $2,918–$2,881 is the primary support area and a potential accumulation zone. Projection: If the double bottom confirms, ETH could aim for a rally toward $3,360 and potentially higher. A failure to hold the support may lead to deeper retracement. Action Plan: Traders should watch for confirmation of the double bottom or rejection at resistance levels before entering positions.
by melikatrader94
9