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Ethlong

Ethereum is a dealEvening mate , i gave you eth at 1600$ but once again i see a chance to accumulate this giant. Price right now is on a very strong support which we can also consider as a retest. There’s a massive pitchfork i see which causes candles to react beautifully, as you see we are hitting the floor atm . I think buying eth now is like buying eth below 500$ in the last cycle, it also indicates a good reversal signal for altcoins as well . Love you all . Daddy sharkie :)
by mastershark
5
ETH/USDT Technical Analysis Overview:ETH has bounced off a significant support zone near 2,100-2,300 USD (brown-shaded area). This zone has previously acted as a strong support and the price seems to have respected it once again. ETH is currently trading around 2,548 USD, showing a strong upward movement with a recent breakout above a descending trendline. Resistance and Support: The red-shaded area at the top of the chart, between 3,800-4,200 USD, is a major resistance zone. This level has previously rejected ETH, so breaking through this area will be key for further upside momentum. Support is clearly defined around the 2,100 USD mark, which ETH has bounced off multiple times. The yellow moving average suggests a potential shift toward a bullish trend, with price action starting to close above it. ETH has broken above a descending resistance trendline, indicating a potential bullish reversal. Based on the arrow in the chart, the projection suggests a bullish run toward the 3,200-3,800 USD range if ETH continues this momentum. However, it will face key resistances of around 2,800 USD and 3,050 USD before challenging the upper resistance zone. The chart suggests a positive outlook for ETH, as long as it maintains support above the 2,400 USD level. If momentum continues, it could retest key resistance levels higher up. Would you like further details or updates on this? Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
Long
by CryptoSanders9563
ETH 2317 Long. The coin came to the upper levelEntry Level: Monitor ETH at the current level of 2306.52. Add it to your watchlist and look for a familiar trading pattern or entry signal. Targets: 1st Target: 2396 2nd Target: 2565 Leverage: Use a leverage range of 20-50X for this trade. Stop Short: This suggests having a plan for exiting the position, especially if the price action doesn't move as expected. Make sure to manage risk carefully, especially with high leverage, and adjust your stop-loss according to your risk tolerance. Happy trading, and keep an eye on the market movements!
Long
by BuySellStyle_engl
ETH/USDT Technical Analysis Overview:ETH/USDT is currently trading within a descending wedge pattern (marked by converging white trendlines). This pattern typically suggests a potential bullish reversal upon a breakout to the upside. The price is approaching the apex, indicating that a breakout could occur soon. There is a strong horizontal support zone around $2,100 to $2,200 (highlighted in brown). This level has been tested multiple times and continues to act as a solid base, preventing further downside. The immediate resistance lies along the upper trendline of the descending wedge, around $2,400. A breakout above this trendline could lead to a move towards higher resistance zones near $2,660 and beyond. ETH is trading at $2,358.66, up 1.53%. The price has bounced from the lower trendline and is making its way towards the upper boundary of the wedge. If ETH breaks out of the descending wedge, the first target would be around the $2,500-$2,600 zone. A sustained move above this level could trigger a larger rally towards the $2,780 level, aligning with prior highs. If ETH fails to break out and drops below the $2,100 support zone, further downside could be expected, potentially retesting levels closer to $2,000 or below. Including indicators like RSI or MACD could help gauge the strength of the potential breakout and provide additional confirmation of the trend ETH/USDT is currently in a descending wedge pattern, with a bullish bias if it manages to break above the upper trendline resistance around $2,400. The key support at $2,100-$2,200 remains crucial for bulls to maintain control. Monitoring the price action around these critical levels will be essential for confirming the next major move. Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
Long
by CryptoSanders9563
ETH/USDT Trading ScenarioAs of writing, the asset is trading near the support level of $2130. This level was established following a sharp decline and an attempt at a quick recovery. If this level is breached, further price drops are likely, with the next support level being the significant volume-based Point of Control level at $1585.25. This zone is attracting heightened attention from market participants, which may contribute to a price rebound. A break below the $1585.25 level could be seen as a potential buying opportunity, both for speculative and long-term investment purposes.
by Rick_SimpleSwap
$ETH | Buy Trade | Market Exec | Technical Confluences: - Price action bounced off the 150% Fibo Extension & 61% Fibo Retracement - Price action is at an Interest Zone area Fundamental Confluences: - Nothing much happening in the Crypto space at the moment and it will follow general market sentiment - The main mover for Crypto space now will be on the FED interest rate cuts which cheapens cost of money and the US election ----- Will be entering an entry here for CRYPTOCAP:ETH & target the $3,244 levels. Will cut the position if it breaks the $2047 levels and will buy again if it's close to the support trendline and the Demand Zone. -----
Long
by weekendanalyst
ETH/USDT Daily Analysis: Ethereum is trading around $2,368, attempting to rebound from the lower boundary of a descending channel. The price has respected the support zone between $2,150 and $2,250, which is marked by the brown shaded area on the chart. The red-shaded area between $4,000 and $4,600 is the major resistance zone. A breakout above this zone would be a strong bullish signal, potentially leading to a continuation towards higher levels. Key support is currently at the brown zone between $2,150 and $2,250. A failure to hold this level could result in Ethereum testing lower support of around $2,000 or potentially the channel's lower trendline. A successful hold above the current support and a break above the descending resistance trendline could see Ethereum targeting $3,000 and beyond. Positive signals from momentum indicators would further confirm a bullish trend continuation. If Ethereum fails to maintain its position above the current support and falls back into the descending channel, it could retest the lower support zone around $2,150. A further breakdown below this level might open the path towards $2,000 or lower. Ethereum is showing a potential rebound from key support, but confirmation of a breakout above the descending trendline is needed for a bullish continuation. Keep an eye on momentum indicators and broader market conditions for further clues. Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
Long
by CryptoSanders9563
ETH/USDT Weekly Update:The weekly chart of ETH/USDT shows a strong ascending trendline support that has been respected over the past several months. The price is currently testing this trendline support near the $2,300 level, suggesting a potential bounce from this key support area. The primary support level is the ascending trendline around $2,000 to $2,300. Holding this level is crucial for maintaining the bullish structure. A major resistance zone is highlighted between $4,200 and $5,000. This area has acted as a significant supply zone in the past and is likely to be a major obstacle to further upward movement. If ETH can hold above the trendline support and gain momentum, a potential rally toward the $4,200 to $5,000 resistance zone could occur. This would align with the chart's upward arrow, indicating optimism for a continued upward move. If the price fails to hold the support and breaks below the trendline, we might see a deeper correction, potentially testing lower supports around $1,700 to $2,000. A weekly close above $2,400 with increased volume would provide a strong bullish confirmation, suggesting a higher probability of testing the $4,200-$5,000 resistance zone. Monitoring RSI, MACD, or other momentum indicators on the weekly timeframe could provide additional confirmation of a potential trend reversal or continuation. The presence of a large upward arrow on the chart indicates a bullish sentiment, expecting a rebound from the current levels. Broader market conditions, Bitcoin's price action, and macroeconomic factors will also play significant roles in ETH's price trajectory. Traders should consider setting stop-loss orders below the ascending trendline or the $2,000 level to manage downside risk effectively. Regularly review and adjust positions based on evolving market conditions and price actions near key levels. This weekly update outlines the critical levels and scenarios for ETH/USDT, highlighting the importance of the ascending trendline support for the continuation of the bullish outlook. Watch for confirmation signals and stay aware of market influences that could affect ETH's performance. Disclaimer: This is not financial advice. Stay updated with market movements and adjust your trading strategy accordingly. Keep an eye out for further updates and analysis. Thank you!
Long
by CryptoSanders9563
$ETH Bounces Off Key Support: Reversal Ahead? Ethereum Weekly Update Ethereum (ETH) is showing a promising bounce from a significant support zone, ranging between $2,000 and $2,150. This area has acted as a key level of support since mid-2022, and it continues to hold strong. Additionally, this zone aligns with a crucial ascending support line that has supported the price for nearly two years. On the 3-day chart, ETH has rebounded from a "golden pocket," a technical term that refers to a major support area in the price range of $2,150 to $2,200. Given the confluence of these factors, it's highly likely that Ethereum will maintain support in this range for the near term, although we need more confirmation to signal a full bullish reversal. Looking at the daily chart, we’ve just seen the first sign of bullish divergence. This occurs when the price makes a higher low while the RSI (Relative Strength Index) does the same, indicating growing bullish momentum. We’ve confirmed this with one green candle close and a higher low on the RSI. If we see another daily candle close in green, it would give further confirmation of bullish strength. However, despite these early signs of a possible reversal, the larger trend for Ethereum still remains bearish. This means that while we may see some short-term price relief or consolidation, we haven't yet confirmed a longer-term bullish trend. Over the next few days or even weeks, we could expect the price to either consolidate sideways or experience a small upward relief, but we need more signals to confirm a sustained uptrend. #Crypto
Long
by CRYPTOMOJO_TA
4
ETH/USDT Long Update:The chart depicts a descending channel, with ETH/USDT currently trading near the lower boundary of the channel, which has historically acted as a support level. ETH is approaching a key horizontal support zone around $2,100-$2,200, where buyers may look for entry opportunities. The major support zone lies between $2,100 and $2,200, as highlighted on the chart. This level aligns with the lower trendline of the broader ascending trend from the past year, suggesting a confluence of support. Immediate resistance is located between $2,800 and $3,000. A further resistance zone is identified around the $4,000-$4,600 range, which corresponds to a previous major supply area. The chart suggests a bullish scenario where ETH could initially rebound from the current support area, targeting the $2,800-$3,000 resistance zone. A breakout above the descending channel and subsequent resistance zone would indicate a stronger bullish continuation, potentially targeting the higher resistance at $4,000-$4,600. The presence of the large upward arrow on the chart reflects optimism for a bullish bounce within the identified zones. Continuation of the broader uptrend depends on maintaining support levels and breaking through key resistance zones with momentum. This update suggests a cautiously optimistic outlook for ETH/USDT with clear levels to watch for bullish confirmation and risk management considerations. Keeping an eye on volume and price action around these critical zones will be crucial for confirming the next major move. Disclaimer: This is not financial advice. Stay updated with market movements and adjust your trading strategy accordingly. Keep an eye out for further updates and analysis. Thank you!
by CryptoSanders9563
ETH/USDT Daily Chart Analysis:!!ETH/USDT has been in a downtrend since peaking at around $4,600, with lower highs and lower lows forming a descending pattern. The current price is near the significant support zone around $2,100, which is crucial for maintaining the bullish structure. The key support is at $2,100, a historically significant zone that has acted as support during prior market corrections. The immediate resistance to watch is around $3,000, a previous support zone that has turned into resistance. A move above this level could lead to further bullish momentum towards the next resistance near $3,800. A strong bounce from the $2,100 support, potentially leading to a test of the $3,000 resistance. A break above this resistance could target higher levels around $3,800. Failure to hold the $2,100 support may trigger a deeper decline towards the next support zone around $1,800, or possibly lower if selling pressure intensifies. Pattern Observation: The chart suggests a potential double-bottom formation around the $2,100 level, which could indicate a bullish reversal if confirmed by a breakout above the neckline resistance at $3,000. The presence of a descending triangle pattern also hints at a bearish continuation if the price fails to break above the key resistance. Volume and Indicators: Volume analysis will be crucial; an increase in buying volume at the support level would strengthen the case for a reversal. Oscillators like RSI near oversold conditions would support a potential bounce, while MACD bullish crossovers could confirm a trend change. For a bullish outlook, setting stop-loss levels just below the $2,100 support is advisable to mitigate downside risk. A bearish strategy would involve short positions on a confirmed breakdown of the $2,100 level, targeting lower support zones. This analysis suggests that ETH is at a pivotal support level, where a potential reversal could occur if buying interest increases. Monitoring key levels and volume will provide further insights into the next likely move. Disclaimer: This is not financial advice. Stay updated with market movements and adjust your trading strategy accordingly. Keep an eye out for further updates and analysis. Thank you!
by CryptoSanders9563
ETH/USDT 4HOUR CHART UPDATE !!The updated chart for Ethereum (ETH) against Tether (USDT) in the 4-hour timeframe shows potential for a bullish scenario. Here's the analysis based on the chart: The price is currently within a falling wedge, a bullish reversal pattern, where price action is making lower highs and lower lows within converging trendlines. This pattern often signals a potential upward breakout. The price is currently testing the lower boundary of the falling wedge near a significant support zone between $2,335 and $2,455. This area is crucial as it has acted as support in the past and is currently being retested. Immediate resistance lies at the upper boundary of the wedge around $2,455 to $2,505. A breakout above this level could lead to a bullish continuation towards the next resistance around $2,800 to $2,900. Projected Movement: The chart suggests a potential bullish breakout from the falling wedge pattern. The arrow indicates a move upward toward the upper resistance zone near $2,800 if the breakout occurs. A close above the resistance zone would confirm the breakout and could initiate a new bullish phase targeting higher levels. Key Levels to Watch: A close below the lower boundary of the wedge or the support zone could invalidate the bullish setup, leading to further downside. Conversely, a strong breakout above the wedge could signal a bullish reversal. The current setup suggests watching for a confirmed breakout above the wedge for a long opportunity. If the price maintains support and breaks above resistance, there could be a significant upward movement towards higher targets. Note: This is not financial advice. Stay tuned for further updates and analysis. Thank you.
by CryptoSanders9563
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.
Long
by CryptoSanders9563
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!
by CryptoSanders9563
Waiting for level confirmation Followed by correction Waiting for level confirmation Followed by correction At the moment, the ETH/USD trading situation is characterized by volatility, which is often seen in the cryptocurrency market. Ether (ETH) is at levels that can be both support and resistance, depending on current news and analytics. Investors are keeping a close eye on regulatory changes as well as the development of decentralized finance (DeFi) and NFTs, which could influence demand for Ether. Technical analysis shows some support and resistance levels where consolidation may occur. Market sentiment varies and traders are likely to continue to look for short and long term profit opportunities. It is important to keep in mind that changes in the global economy may also have an impact on the cryptocurrency market.
Long
by seventhlab