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Ethereumforecast

Negative Money Flow Index for ETH - Explore AlternativesI write to you with caution regarding Ethereum (ETH) and its current negative dropping Money Flow Index (MFI). As many of you know, the MFI is a popular technical indicator used to measure the strength and direction of money flowing in and out of an asset. It provides insights into market sentiment and can help identify potential buying or selling opportunities. Unfortunately, the recent MFI trend for ETH has raised concerns and warrants our attention. Over the past few weeks, ETH's MFI has shown a consistent negative drop, indicating a significant outflow of money from the asset. While market fluctuations are common in cryptocurrencies, it is crucial to acknowledge this downward trend and consider its implications for your investment strategy. Therefore, I urge you to step back and reevaluate your portfolio allocation, especially regarding ETH. While Ethereum has undoubtedly been a pioneer in the blockchain space and has witnessed remarkable growth, it is essential to remember that diversification is the key to long-term success in any investment venture. Given ETH's negative dropping of MFI, I strongly encourage you to explore alternative asset classes within the cryptocurrency market. By diversifying your holdings, you can mitigate risks associated with a single asset's performance and potentially capitalize on emerging opportunities elsewhere. Consider allocating a portion of your portfolio to other promising cryptocurrencies demonstrating positive signs and growth potential. Conduct thorough research and analysis, considering factors such as market demand, technological innovation, and the team behind each project. This approach will help you make informed decisions and reduce the impact of any adverse trends affecting a particular asset. Remember, the cryptocurrency market is highly dynamic and ever-evolving. As traders, we are responsible for adapting and staying ahead of the curve. By considering alternatives to ETH and diversifying your investments, you can better position yourself to navigate the market's ups and downs while potentially maximizing your returns.
BITSTAMP:ETHUSDShort
by bryandowningqln
Ethereum -> Better Than Bitcoin?Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Ethereum 💪 If we are looking at the macro view on the monthly timeframe you can see that Ethereum perfectly retested the 0.768 fibonacci level in confluence with the previous cycle high so there is a chance that from here we will start the next crypto bullrun. The weekly timeframe on Ethereum is clearly bullish with Ethereum trading in a decent rising channel and now sitting at the support trendline so I simply do expect a weekly push higher. But as you can currently see, the daily timeframe on Ethereum is not looking that strong at all - therefore I am waiting for Ethereum to break above the daily $1950 resistance level and then we are also back to a daily bullish market. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
BITSTAMP:ETHUSDLong
by basictradingtv
27
Ethereum - bulls are in huge DANGER!Hello, everyone! Yesterday I made the BTC analysis where pointed out that it's pump will be ended soon. Today it's time to talk about CRYPTOCAP:ETH which is going to follow Bitcoin. 1️⃣WHY THE ELLIOTT WAVE FORMATION IS VALID? Let's take a look at the ETH price chart. We can see also the clear 5 Elliott waves formation. Notice that wave 3 has perfectly hit the 1.618 Fibonacci extension level, which corresponds to extended target for this wave. Wave has also reached it's original target between 0.38 and 0.5 Fibonacci retracement levels. Now price is printing the wave 5. You can tell me that this wave 5 is ugly, but it could be in shape of ending diagonal. That's why I expect the slight higher high before the deep dive. 2️⃣WAVE 5 TARGET Wave 5 has the target zone inside the red box. The lower band of this box has been already reached. I think Ethereum will hit the higher band at $2000 and it's gonna be the top. 3️⃣OTHER BEARISH SIGNS The Awesome Oscillator supports my idea because it has already formed the confirmed divergence. The only one thing we need is the bearish reversal squat (MFI state) bar on the 4h time frame to tell that uptrend is over. Moreover on the 1D time frame ETHUSDT has already formed the squat MFI bar yesterday, which could be the strong early bearish sign. Best regards, Ivan _____________________________________________________________ 🔥Please, follow me and smash the rocket🚀 button to support me🔥
Short
by Skyrexio
Break and Retest @ $1,909 Weekly Level 📈Ethereum created a Higher High on the Daily Timeframe after the daily candle closed at $1,933 on Friday. Additionally, Eth closed up 3.15% on the Month and this suggests a further increase for July. More aggressive positioning for an increase in the month of July would be the anticipation that Ethereum closes above $1,909 Weekly supply level. Trade Idea : It uses what once was a Supply/Resistance level as a new Support/Demand level. This would translate into a swift break and retest trade above $1,909 and looking for new high prices to formulate as the new monhtly and weekly candle's kick off. We have 1) Monthly candle just closed bullish 2) After 1 week of testing $1,909 Weekly Supply level, price has done a fair job of sticking right at it, current price $1,913 3) After all the crazy news, price remains at the medium term highs after a 16% pump across the past 2.5 weeks. A Look at the Daily Chart, Created a Higher High and we may now use $1909 to do a break and retest to head towards $1,995
COINBASE:ETHUSDLong
by ShrewdCatfx
Ethereum could reach 2300There are a few very nice bullish signs for Ethereum and these could lead to up continuation to the important 2300 resistance. First, we have a false break of horizontal support at the end of May with a nice reversal from the ascending trendline that started in December last year followed by a break above the falling trend line from the recent 2130 high. Also, last but not least, today we have a break up above horizontal support from 1950. All these combined draw a very bullish picture and this summer Eth could reach 2300 resistance. Interim resistance are: First shy above 2k and the recent 2130 high In conclusion, I'm bullish Eth as long as the price stays above 1750
BITSTAMP:ETHUSDLong
by Mihai_Iacob
9
ETH Price Soaring with Bullish Flag - Time to ConsiderToday, I bring you exciting news: Ethereum (ETH) has shown a remarkable surge, accompanied by a bullish flag pattern that signals a potential upward trend. This is the perfect opportunity to consider adding ETH positions to your portfolio! Over the past few weeks, ETH has been on an impressive upward trajectory, outperforming numerous other cryptocurrencies. However, what truly sets it apart is the recent formation of a bullish flag pattern. For those unfamiliar, a bullish flag is a technical analysis pattern that indicates a brief consolidation period before a potential continuation of the previous upward trend. This pattern often precedes a significant price surge, making it an exciting time for traders like us. The recent surge in ETH price, coupled with the bullish flag pattern, suggests that we may be on the cusp of witnessing a substantial rally. As traders, we thrive on identifying such opportunities and capitalizing on them. Therefore, I encourage you to consider adding ETH positions to your trading strategy, taking advantage of this potentially lucrative period. Here are a few reasons why ETH presents a compelling investment opportunity: 1. Ethereum 2.0 Upgrade: The much-anticipated Ethereum 2.0 upgrade is set to revolutionize the network, enhancing scalability, security, and efficiency. This upgrade has been a long time coming and is expected to attract increased adoption and investment in the Ethereum ecosystem. 2. DeFi Boom: The explosive growth of decentralized finance (DeFi) has driven ETH's recent surge. As the backbone of the DeFi ecosystem, Ethereum has become the go-to platform for innovative financial applications, attracting significant investor interest. 3. Institutional Adoption: The interest and involvement of institutional investors in the crypto space have been steadily increasing. With prominent institutions recognizing the potential of cryptocurrencies, including ETH, we can expect a surge in demand and subsequent price appreciation. Now is the time to seize the moment and consider adding ETH positions to your trading portfolio. However, as with any investment, conducting thorough research, analyzing market trends, and managing risk is crucial. Stay informed, closely monitor market indicators, and make informed decisions to maximize your potential gains. Remember, opportunities like these only come knocking sometimes. By staying ahead of the curve and embracing the bullish flag pattern, we position ourselves for potential profits in the ever-evolving world of cryptocurrencies. So, what are you waiting for? Take action now and consider adding ETH positions to your trading strategy. Take advantage of this exciting opportunity to ride the wave of Ethereum's upward momentum!
BITSTAMP:ETHUSDLong
by bryandowningqln
Ethereum -> Bullrun Will ContinueHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Ethereum just retested and quite nicely rejected a major weekly resistance zone which was - after the break - turned support at the $1800 level. You can also see that market structure is still bullish and there is always a higher chance that momentum will continue so Ethereum is not slowing down at all and I simply do expect another bullish impulse to retest the next resistance level at $2100. On the daily timeframe you can see that Ethereum is currently sitting at the $1920 previous daily resistance but I definitely do expect a break above this zone considering that Friday's candle is showing massive buying pressure and then I am waiting for a retest to then capitalize on the continuation towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
BITSTAMP:ETHUSDLong
by basictradingtv
33
27.5$ Top Wick and 25$ Candle Body 🫣 -> Rejection of HighsEthereum is Creating Lowr Lows and Lower Highs as it descends away from our Weekly Supply level $1,915. Price ran into th Weekly Supply level last wednesday and ever since then we have been unable to identify a push to create a Higher high on the Intraday timeframes. Instead price is retracing and it appears to be stepping down stairs in a calculated fashion. As the Monthly candle comes to a close price, we will be able to identify a bearish candle if price closes below $1,873. Price would have to increase +1.6% from the current price to end Break even on the month. If the Monthly candle closes bearish then Bears have established a Resistance. We may then anticipate further downside to fill at least part of the previous monthly candle's bottom wick with momentum carried over. This is the idea behind this Short publishing. First TP $1,828 Daily Support Level 2nd TP $1,800 Psychological Level 3rd TP $1,723$ Weekly Support Level Monthly timeframe Outlook : Idea is that we will go to fill at least part of this month's bottom wick with momentum carried over to the next monthly candle
COINBASE:ETHUSDShort
by ShrewdCatfx
Ethereum continues to hold back the bulls.Ethereum - 24h expiry - We look to Sell at 1915 (stop at 1955) We look to trade the current range. 1920 continues to hold back the bulls. Preferred trade is to sell into rallies. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We look for a temporary move higher. Our profit targets will be 1815 and 1795 Resistance: 1871 / 1900 / 1915 Support: 1845 / 1815 / 1800 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:ETHUSDShort
by VantageMarkets
Ethereum Short at the Lows 🏴 (More Risky) / Momentum ↘️This Short Idea begins at a 1Hr Support Zone & let me explain my thoughts. The Idea for the trade stems from the fact that the Weekly candle is Bearish. Daily candle is bearish. 4Hr Market Structure is bearish and descending away from our Weekly Supply level at $1,915 ( Published in a previous idea). We are shorting the breakout to the downside in anticipation that the Daily candle will continue to pull down into the close of the candle in 5 Hours. We have clean candles to the left /clean traffic on the 1Hr timeframe down to $1,816. 2 Ways to approach this. 1) Short at the lows anticipating volume to come into the market as we transition into the new daily candle. 2) Wait for a pullback to what was our Daily support level and may now because a Resistance level at $1,860$.
COINBASE:ETHUSDShort
by ShrewdCatfx
📉🔥 Bearish Breakout: Ethereum Double Top Spells Trouble! 🐻💥In the exciting world of crypto, a compelling bearish setup has emerged on Ethereum's horizon. The price action has given birth to a double top pattern, indicating a potential trend reversal. Moreover, this ominous formation has taken shape on a formidable supply zone, adding strength to the resistance level. With strategic analysis and careful observation, the optimal entry point for this bearish trade is identified here around 1870. As the bears gain momentum, the first take profit level is set at 1815, followed by a more ambitious target of 1740. Stay tuned as we closely monitor Ethereum's price action, ready to capitalize on this thrilling opportunity. Join the discussion and let's navigate the crypto waters together! 🚀🌕💎 feel free to share your toughts in the comment section. And dont forget to press the like button if you think this insight was helpful🚀
BITSTAMP:ETHUSDShort
by Thomas_Zito
3
Ethereum -> Why Is It LaggingHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Ethereum perfectly retested and rejected, as mentioned in my last analysis, a quite nice previous weekly support zone towards the upside. You can also see that weekly market structure is now definitely back to bullish, considering that Ethereum will also most likely close with a bullish engulfing candle which looks super constructive I simply do expect the continuation of the rally. On the daily timeframe however you can see that Ethereum is still stuck at the $1900 level which is turned support again; overall Bitcoin is also heavily outperforming Ethereum so I am now just waiting for a break above the resistance and then also Ethereum is ready for more bullish price action. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
BITSTAMP:ETHUSDLong
by basictradingtv
36
ETH Update: Support at $1650, Resistance at $1900-$2200. Dear fellow traders, I would like to extend my heartfelt gratitude to all the members for their unwavering support. Our journey thus far would not have been possible without each and every one of you. Thank you sincerely, on behalf of Dexter and the entire team. Now, let us delve into the update on Ethereum (ETH) within the two-day timeframe. Presently, the state of ETH leaves us uncertain as to whether it will surge higher or retreat below. Observing the price action, we can identify a modest level of support around $1650, while a formidable resistance zone is established between $1900 and $2200. Reflecting on previous analyses, it becomes apparent that when ETH faced rejection at this resistance, it experienced two minor rebounds ranging from 30% to 40%. Similar price movements may occur again to maintain favorable Relative Strength Index (RSI) levels. To facilitate comprehension, I present the following validation and invalidation points: Bullish: A decisive breakout above $2200 would serve as a robust bullish indication, not only for ETH but also for supporting altcoins. Bearish: A breakdown and subsequent rejection below $1650 would invalidate the bullish scenario, potentially leading to a decline towards $1300. These are the essential points pertaining to the current state of ETH. I welcome and encourage you to share your ideas and perspectives in the comment section. It would be a pleasure to learn from your insights regarding the market. Wishing you all the best and safe trading.
COINBASE:ETHUSD
by Dexter_The_Trader
3
Ethereum ETH price slow as turtle, but stable at a long distanceToday, let's take a look at the prospects for ETHUSDT price movements in the medium term. On the one hand, over the past week, the ETH price has grown +13%, which is worse than the BTC price +17%. By the way, here we described our thoughts on the possible movement of the BTCUSDT price On the other hand, buyers of ETHUSDT we can understand how difficult it is for them now, because the ETH price is now "stuck" in a powerful mirror zone. In 2021-2022, the $1750-2000 zone acted as a reliable support, and over the past calendar year, it has been acting as resistance and not letting it go up. However, looking at this, as the Ethereum team and holders with investors are actively working to greatly reduce the supply of ETH on the market, we believe that the coin has a bright future. It is also worth realizing that the current ETH is not the Ether of 2016-2017 or 2020-2021, when its price was multiplying every week. Now, Ethereum's capitalization share is 19-20% of the total crypto market capitalization, and now it is a very difficult task to move the price up by hundreds of %, as it was before, and requires exorbitant investments. So now Ethereum has moved into the category of a "reliable, low-volatility investment", of course, by the standards of the crypto market. Now, the main task of ETH buyers is to keep the price above $1750-1806. We consider this price range to be a reasonable one for a medium-term investment in Ethereum. And the first target where you can sell at least part of your ETH savings is around $2870, which is +60%. PS: After the ETHUSDT price manages to gain a foothold above $2000, growth will become more dynamic. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
40
ETH Hidden Buyers , Short Squeeze Potential Targeting $2k -$2400Analysis Note: This analysis will be continuously updated until the target or failure occurs, so please check back regularly for trade updates. At the end of the analysis, there will be a free trade signal to follow. If you found this post helpful, don't forget to hit the boost and follow buttons. ETH Chart Analysis: According to MT Pandora's Box, ETH is expected to reach the range of 1850 to 1864 from its current range of 1724. The reason behind this projection is that the price is still trapped within a larger range on a higher timeframe. It's important to understand that most breakouts, like attempts to end a trading range and establish a new trend, tend to fail. MT Pandora's Box indicates that buyers are currently accumulating and planning for another upward movement, which could lead to a short squeeze and potentially push the price to the range of 2200 to 2400. Although our initial prediction for a significant drop in ETH was $800, *click to read* we realized after our short from 2k that there is a possibility of a bounce at the current support level, with a chance of up to 65%. Market makers who plan to short will likely first buy at this level and then drive the price slightly above the previous high. The duration of this situation and capital accumulation will determine whether this lasts until November or December 2023. However, we believe the best opportunity to short Big on ETH to below 1k will be by then, In the short term, we anticipate a bounce at the current support level, but we remain bearish overall. I am personally buying some ETH here to take advantage of the unseen hidden buyers' pull-ups, and then I plan to switch to a short position at 2400. It's important to remember that price is still range-bound, so rejections and failures are common in such situations. Here are some key resistance levels to consider, as they could lead to significant reactions from sellers: Resistance Area 1 (Bear Barrack): 1850 to 1865 Resistance Area 2 (Bear Barrack): 1930 to 1950 Resistance Area 3 (Bear Barrack): 2000 to 2140 (most stubborn) Since failures are likely when the price is stuck in a range, we will regularly update this post to keep you informed about the next actions as the price unfolds and the buyers' reaction to these resistance areas, whether the upward movement will continue or fail. Market makers move in mysterious ways, so it's important to note that the chances of ETH dropping instead to a much stronger support at 1620 is still not completely gone and still stand at 35% and should not be totally ignored as this will be a simple Bull hunt to gather liquidity to hunt Bears this is why we recommend buying in pieces CRYPTOCAP:ETH Bulls Vs. Bears Battle Signal Updates: #ETH LONG FREE TRADE SIGNAL ASSET: $ETH/USDT ACTION: LONG 1st ENTRY PRICE: $1730, $1738, $1744 STOP LOSS: 1610(much risky but tighter stop loss but can easily get hunted is 1710) 1st TAKE PROFIT: $1850, 1865, 1945 (Extended TP: 2k, 2200-2400) Disclaimer: This signal is provided for informational purposes only and does not constitute financial advice. Cryptocurrency trading carries risks, and past performance is not indicative of future results. The user assumes full responsibility for any profits or losses incurred, and the signal provider is not liable for any investment decisions made based on this signal.
Long
by MachiavelliTrader
Ethereum -> Weekly Timeframe Is ClearHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Ethereum is currently retesting and starting to reject a major previous weekly resistance area which is now turned support at the $1700 level. You can also see that Ethereum is overall still creating bullish market structure and about to close with a strong weekly rejection wick so considering the overall bullish crypto trend, I do expect Ethereum to reject this support zone towards the upside. On the daily timeframe Ethereum is currently creating obvious bearish market structure with resistance at the $1770 level so I am now just waiting for Ethereum to break back above the resistance and then I do expect the next major rally to start from there. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
COINBASE:ETHUSDLong
by basictradingtv
28