Ethlong
ETHUSDT - Up onlyThe current situation suggests a potential bullish trend for ETH/USDT. The fact that the MFI (Money Flow Index) on the weekly chart is at 82 indicates strong buying interest in the market. A high MFI value suggests that money is flowing into the asset, which could be indicative of a potential upward movement in price.
Additionally, the RSI (Relative Strength Index) at 68 on the weekly chart is moderately bullish. While not in overbought territory (usually considered above 70), an RSI of 68 suggests that there is room for the price to continue its upward momentum.
The RSI with a 58-period moving average (RSIMA58) may also be signaling a positive trend. If the RSI is above the 58-period moving average, it could imply that the recent price gains have been stronger than the losses.
Taking these indicators into consideration, it's plausible to suggest that ETH/USDT may experience an upward movement from its current value of 2400 to a range of 3400 to 4600. However, it's crucial to approach such predictions with caution, as market conditions can change rapidly, and unforeseen events can impact price movements. It's recommended to conduct thorough research and consider multiple factors before making any financial decisions.
ETHUSD LONG TERM BULLISH TRADELooking for a possible bullish continuation on the current bullish trend on ETH
This ter thee market broke above the 28/03/2022 high. This is the same high that I have been tracking on the BTC.
Looking for ETH to rally towards its ATH at 4951.83 .
A break of this high I will track the Fib extension high and looking for possibility of the market touching the 100 fib extension at 5750 followed by a possible test of the of the 1.272 fib extension at 7074.71 .
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
ETH BULLS NEW TARGET $4,300Everyone is building something and they build they will always come resistance.. and value is smiling and knowing resistance is just another way to grow..
ETH reach a resistance and fell sharply, price yesterday filled up the losses and ready to break higher.
The benchmark is seeking to bring to life that which has not yet exist..
Today I will be adding more positions to my existing position on ETH
PA will be flying from $3800 entry point..
1,500 pips in play here, lets watch PA travel to our target area..
Hey, instead of watching, join me on this train.. could be the best trade of your life.
ETH to $4,000 Before Dencun Upgrade? ☀️☀️☀️The price of Ether rose 1.2 percent to $3,854 over the past 24 hours ahead of the implementation of its Dencun upgrade next week. This upgrade will slash Ether’s transaction fees (also known as gas fees) which currently are at the highest level since May last year.
Separately, the SEC is seeking comments on BlackRock and Fidelity’s spot ETH ETF applications, notably asking whether Ether’s proof of stake mechanism and concentration of control raise concerns about potential fraud and price manipulation. Interested third parties have 35 days to file their comments.
“I think it is inevitable Ether is next,” the co-founder and co-CEO of HANetf Hector McNeil told cryptonews. “If Bitcoin can be approved and meets all the liquidity and asset class thresholds then Ether qualifies.”
A bullish sun continues to shine over Bitcoin and Ether in the next 24 hours and week, signaling additional upside potential. Litecoin, Binance Coin, Polygon and Uniswap should also benefit from this positive trading trend, ATTMO shows.
Dogecoin, Avalanche and Polkadot face bearish clouds and downside risks over the next 24 hours but should profit from the bullish sun over the longer one-week horizon. The opposite is expected for Ripple’s XRP and Cardano, where there is upside potential in the short term and downside risks in a week’s time.
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Daily Ethereum Update - March 5, 2024Since yesterday CRYPTOCAP:ETH has been showing more strength relative to Bitcoin, which is interesting since the spot ETH ETF was delayed yesterday and should have been bearish for ETH's price action. I think ETH is making some upward progress to the $3,944.66 price target discussed in previous updates.
ETHEUR Rainy SummerHi Traders!
so far so good ETHEUR
Now we seem to have a little problem though!!
we have a good resistance at about 1600..
if we keep it we will go up if not we will see lower numbers.
but in the long term we will see quite large numbers!!
huge caution with the SL AND TP
be very careful with Risk Management
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
stay tuned for more updates
DOGE MOON Vs ETH MOON MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space.
DOGE broke out very big from my last video , its not too late to get on board . It will have a nice move in very near future but watch the video to find out when it can moon . Very important information
It has very good structure and price action Similar to Ethereum last bull market
its a moon structure
Please watch the video for more information
have a great weekend
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the ETH 1-day update.
A detailed examination of the daily chart underscores Ethereum’s robust bullish momentum, as the price undergoes a substantial and impulsive upward movement, reaching the critical resistance area represented by the prior major yearly high of 3.6K.
Despite the formidable barrier at 3.6K, Ethereum’s overall outlook remains highly bullish, with market participants largely anticipating a successful breach of this level in the coming weeks.
Such a breakthrough would likely signal the expansion of the uptrend towards Ethereum’s ATH, positioning the price for a new high in the medium term. However, until such a breakout occurs, the 3.6K price range is likely to serve as a containment zone for Ethereum’s movements.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
📈 ETH $14K!!! 🌶In the monthly time frame, Ethereum is a few steps away from bearish liquidity.
After reaching this area, we can expect consolidation in the $1927 area.
We will probably have a few shadows on the liquidity box below this level and then the movement towards GETTEX:13K - GETTEX:14K will begin.
NFA
My new girlfriend. JTO!!!A large triangle formation has formed on the JTO chart, and before breaking out anywhere, it may pull back towards the 1.93 region and then experience a nice increase.
NOTE: Unlike others, this analysis has not been thoroughly researched due to personal reasons and has been looked at only instinctively. If you have the opportunity and time, looking at other sources related to JTO may be more beneficial for you. Good day, and profitable trades.
ETC Feb 28 - is in breakout modeAnother Gem sharing from the TTR
One of my favorite and under valued coin imo.
It still can be mined and I'm sure the mining equipment will sky rocket when this goes above $75
My targets are on the chart, those were posted long time ago as well as the long-term targets.
Very bullish weekly candle here, expect a strong continuation into 32.50+
The first maj target is $46-50
ETH - LONGS VS SHORTSCRYPTOCAP:ETH
A simple visual of what tends to happen with the LONGS/SHORTS vs Price Action
Are you able to see that the ratio is currently showing a more bullish setup that not just the bear market lows but also all of recorded history ATM...
Are you ready for what comes next...?
Ethereum: Preparing for Deeper Corrections
Given that we've surpassed the 138% level, we must anticipate a more profound downward trend. We find ourselves in what appears to be a Wave ((ii)) correction, and we won't force an entry. Instead, we're adopting a long-term stance on Ethereum, avoiding the catch of falling knives. We expect a retracement between 50% and 78.6%, targeting the $2,300 to $1,860 range for Wave ((ii)) to find its support. The exact timing of this correction is uncertain and likely will take some time to fully materialize.
Consequently, a continued significant rise doesn't align with our expectations. Thus, we are positioned to anticipate a decline to at least 50% and at most 78.6% retracement. Should the price drop to these levels, it could potentially fall as low as $1,500. If it turns in this area we expect Ethereum to go to at least $4500.
ETHUSD | Market outlookCRYPTOCURRENCY MARKET REVIEW
The cryptocurrency market resumed active growth: BTC is trading around 30900.00 (+10.0%), ETH is at 2120.00 (+14.3%), USDT is around 1.0003 (+0.05%), BNB is at 335.00 (+7.1%), and USDC – around 0.9988 (+0.02%). The total market capitalization has grown to 1.288B dollars, and the share of BTC was 46.34%.
The quotes are supported by expectations of correction of the US Federal Reserve's monetary rate after the publication of US data on inflation for March, which recorded a greater slowdown in price growth in the country than experts expected. Thus, the consumer price index was 0.1% instead of the forecasted 0.2% MoM and 5.0% instead of 5.2% YoY, strengthening investors' hopes that regulator officials will soften the «hawkish» rhetoric in May or June. In this case, the pressure on the country's economy may weaken, and the demand for risky assets may increase. In this regard, the founder of Galaxy Digital, Mike Novogratz, predicted the price of the world's first cryptocurrency to rise to 40.0K dollars after the start of lowering interest rates, which will not be possible until the end of the year.
The growth leader was ETH, which was additionally supported by the launch of the Shapella (Shanghai-Capella) update on the main Ethereum network. The fork took place on April 13 at block 194048 and activated the EIP-4895 function, which allows investors to withdraw coins previously blocked on the network. Contrary to the fears of some experts, this did not lead to a mass sale of the token and a fall in the cryptocurrency rate. Indeed, some stakers have chosen to withdraw their assets but so far their number is insignificant. According to Glassnode experts, the current momentum could lead to the sale of about 170.0K unlocked ETH within seven days of the fork activation, which is less than 1.0% of the total volume (18M ETH).
Among other news of the week, it is worth highlighting the launch by the social network Twitter of the opportunity to trade various assets, including cryptocurrency. Thanks to the partnership between the network and the eToro platform, clients of the site will now be able to see the price charts of digital assets and stocks, as well as buy and sell them, which will further popularize cryptocurrencies. The London Stock Exchange (LSE) has announced the launch of BTC futures and options trading. To ensure this, it has entered into a partnership agreement with the Global Futures and Options (GFO-X) cryptocurrency trading platform. It is assumed that trading in futures and options on BTC will become available in the UK from the fourth quarter of this year and for EU citizens later.
In general, the situation in the cryptocurrency market is improving, and the enthusiasm of investors associated with the possible suspension of the US Federal Reserve cycle of raising interest rates supports the strengthening of prices.
Ethereum' Got Next: Marching Towards the 3Ks again🚀💡 Ethereum's Uptrend Journey: Marching Towards New Heights! ✨📊
Ethereum traders, fasten your seatbelts! Our technical radar has spotted a remarkable trajectory for Ethereum. After navigating a tough rejection at $2,650 and finding solid support at $2,144, Ethereum is showcasing its resilience by pushing past the $2,250 mark. What's on the horizon? We're targeting key levels at $2,586, $2,918, and an ambitious $3,273.
The timeline for these milestones? The end of March holds promise. Our unwavering focus on Ethereum continues to pay off, considering our strategic re-entry at the $895 level, juxtaposed against our previous short position at the all-time high near $4,000.
This analytical journey is not just about the numbers but a testament to the fortitude of Ethereum amidst market fluctuations. With each support and resistance level conquered, Ethereum is carving a path towards new potential peaks.
As the market ebbs and flows, remember that each level surpassed is a step closer to our goal. Stay vigilant, align your trades with these technical insights, and be prepared for a dynamic end to March.
One Love,
The FXPROFESSOR 💙
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