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ETHUSDT

Point to break out of short-term downtrend channel (2851.75) Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (ETHUSDT 1D chart) The key is whether the price can rise above 2851.75 to break out of the short-term downtrend channel. - Currently, it has risen above the M-Signal indicator on the 1M chart. Therefore, from a long-term perspective, it is possible that the uptrend will continue. However, in order for a full-scale uptrend to begin, the M-Signal on the 1D chart > M-Signal on the 1W chart > M-Signal on the 1M chart must be in that state. Therefore, we need to see if it can maintain the price by rising above the M-Signal indicator on the 1W chart after the volatility period around September 8th. - Since the StochRSI indicator is currently in the overbought zone, it is important at what point it finds support when the StochRSI indicator falls from the overbought zone and becomes StochRSI < StochRSI EMA. Therefore, if it fails to rise above 2851.75 and falls, it is important to see if it can find support around 2621.99-2700.43. If it finds support around 2621.99-2700.43 and switches to the state of StochRSI > StochRSI EMA, it is expected to lead to an attempt to rise above 2851.75. - If the M-Signal indicator of the 1W chart rises above, the HA-High indicator (3265.00) of the 1W chart and the HA-High indicator (3321.30) of the 1M chart are likely to be the first resistance zones. - The volatility period on the BTCUSDT chart is around September 13. However, the volatility period on the ETHUSDT chart is expected to start around September 8. Therefore, the key is whether it can escape the short-term downtrend channel after September 8. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin after rising above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
ETH-USDT 1D Interval ReviewHello everyone, I invite you to a quick review of the ETH pair to USDT chart, taking into account the interval of one day. As we can see, the price is moving along a locally formed upward trend line. Currently, we can see how the price approached the resistance level at $2,843, then resistance at $3,010, then resistance at $3,251, and then very strong resistance at $3,569. Looking the other way, support is visible at $2,550, the next support is at $2,383 and then there is support at $2,112.
COINBASE:ETHUSD
by cryptodailyuk
Ethereum (ETH) Consolidation Continues, Potential Breakout AheadCurrent Situation: Ethereum's daily chart remains unchanged as the price consolidates within its current range. The longer this consolidation continues, the larger the anticipated breakout could be. Trade Position: Currently positioned long on ETH, but traders should be cautious of a potential stop-hunt that might trigger a flush to the downside before the significant move occurs. Key Level to Watch: Support Level: $2,350 – This is the critical area to monitor if a downside flush happens. Stay vigilant and prepared for potential volatility as the consolidation phase unfolds. #Ethereum #ETH #Crypto #MarketAnalysis #TechnicalAnalysis #Cryptocurrency #Consolidation #SupportAndResistance #Breakout #Volatility
by Richtv_official
Ethereum Set for a Turnaround?Market activity for Ethereum (ETH) has been subdued, showing only a slight increase of 2.45% in price, now trading around the $2,600 level. This kind of price behavior is typical when an asset is trading within a symmetrical triangle—a pattern characterized by converging diagonal upper and lower lines. Previous instances of such trading patterns have often led to significant price movements, either upwards or downwards. Momentum among Ethereum traders is increasing, as indicated by the Moving Average Convergence and Divergence (MACD). This tool tracks the relationship between two moving averages of ETH’s price, helping to spot changes in momentum and direction. Recently, the MACD signaled a bullish crossover, suggesting that buyers are actively entering the market and may continue to push the price upward. Additionally, Ethereum’s momentum has been on the rise, with the MACD trending toward positive territory. This suggests a strong likelihood of continued price increases. The Chaikin Money Flow (CMF) also supports this bullish outlook. It has been rising since the 18th of August, indicating that buying pressure was mounting. If this trend persists, it could further propel ETH’s price higher to the $2,800 target.
by paul_endeo
1
Ethereum Eyes $2,725: Breakout or Fakeout?The 4-hour chart for ETH/USDT shows a promising setup as Ethereum hovers around the $2,600 mark, forming a potential reversal pattern. The price recently tested the $2,536 support level and has since shown signs of a recovery. The key resistance to watch is at $2,725. A successful break above this level could confirm a bullish continuation, potentially driving Ethereum towards the $2,800 mark. However, if the price fails to maintain momentum above $2,600, a retest of the $2,536 support level could be in play. The shaded blue area on the chart represents a critical decision zone where bulls and bears will battle for control. A move above $2,725 could ignite further buying interest, while a failure could result in a pullback. Traders should monitor this level closely, as it will determine the short-term direction for Ethereum.
Long
by TopGBanks
1
How to measure a true range in any asset!Hello to everyone familiar with ICT concepts! If you already understand breakers, order blocks, and the principles of price premiums and discounts, you're in the right place. I’m excited to share some insights with you, using the FOREXCOM:EURUSD chart from August 20th, 2024. One challenge I've always faced is accurately measuring the true range. It often feels like price moves towards balance, finding equilibrium before moving away again. ICT's teachings on this topic can sometimes be a bit vague, especially when it comes to the details of whether to measure wicks or focus solely on candlestick bodies. However, I’ve recently made a breakthrough and discovered the key to accurately measuring a true range! This knowledge aligns with the idea of balances, but it’s crucial to understand that when one algorithm meets another, neither has the power to deviate far from the current price. But that's not what we need to focus on. What truly matters is identifying when the price is moving away from its current state. This method works exceptionally well during trending markets, like we’ve seen recently with #EURUSD, #GBPUSD, and other forex pairs. It’s also effective in commodities like Gold, indices such as #NQ, #YM, #ES, and even in the crypto markets! Take yesterday's trend in EURUSD, for example. We saw a significant 5-15 minute trend where the price perfectly retraced to its 50% level. But how did I know where to start measuring? This time, I used a breaker from a different structure on the 15-minute chart to identify the key level. The answer lies in understanding breakers, order blocks, and supporting structures. If this topic resonates with you, I’d love to hear your thoughts! Let’s dive deeper together—there’s so much more to explore. Feel free to share your insights or reach out if you’re curious about how to apply these concepts more effectively EURUSD 21.08.2024 10:11
Education
by iochkirill
Aug.13-Aug.19(ETH)Weekly market recapLast week, the U.S. Department of Labor released CPI data for July, which was slightly better than expected. Afterwards, U.S. stocks started an upward trend that lasted for a week, and gold recently refreshed its ATH, further pricing in interest rate cuts. The performance of crypto market has been weaker than other markets, with BTC and ETH almost at the same price level as a week ago. On Friday, Powell will speak at the annual meeting in Jackson Hole. The market has basically acquiesced that interest rates will be cut in September. The point of disagreement is whether to cut interest rates by 25 bp or 50 bp. Cash-flows to the BTC ETF and ETH ETF have been subdued over the past seven days. This is in contrast to the US stock market. It seems that the enthusiasm of traditional funds for crypto is gradually declining. This also reflects that funds may be flowing to other assets. Unlike BTC, ETH performed more weakly last week. Still in a downward trend overall. There was barely any rebound from the bulls, with trading volume significantly below past averages. The ME indicator maintains the bearish trend and the yellow wavy area widens further. On the WTA indicator, like BTC, there is no blue column representing whales. To sum up, we believe that ETH may remain volatile this week, with the downside probability being greater than the upside. We maintain our original resistance level of 2800 and support level of 2400. 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.
COINBASE:ETHUSD
by Sypool
ETHUSDT.1DAnalyzing the ETH/USDT chart on a daily timeframe, we see a volatile and somewhat bearish trend emerging over the past few months. Here's a detailed breakdown of the chart, highlighting key resistance and support levels, along with insights from the MACD and RSI indicators. Key Observations: Trend Analysis: Ethereum has displayed a series of lower highs and lower lows since peaking, indicating a bearish trend. The trendline (R1) has consistently acted as a resistance, and the price is currently testing this line, suggesting a critical juncture. Support and Resistance Levels: Resistance Levels (R2 and R3): R2 at $3,043 and R3 at $4,105.80. These levels represent potential upside barriers in the event of a price reversal. Support Level (S1): The significant support level is at $2,126.90. This level has historical relevance as a pivot point for price actions. MACD Indicator: The MACD line is currently below the signal line and both are trending downward below the zero line, which traditionally indicates bearish momentum. However, the histogram suggests that the negative momentum is slowing, possibly pointing to an impending stabilization or reversal. RSI Indicator: The RSI is around 36, which is nearing the oversold territory. This could indicate that the selling pressure might soon exhaust, offering potential for a bullish reversal if other factors align. Technical Analysis and Conclusion: The Ethereum market appears to be at a critical stage. The proximity to the major support at S1 and the nearing oversold conditions suggest that we could see a short-term reversal if the support holds. Investors and traders should watch for any bullish reversal patterns or a break above the trendline R1 as potential signs of a change in momentum. However, a break below the support at $2,126.90 could lead to further declines, with the potential to test much lower levels, given the absence of immediate visible support below S1 on the chart. Trading Strategy: For Bullish Traders: Look for confirmation of a support hold at S1 and a potential bullish reversal pattern or a break above R1. If entering a long position, consider setting stop-loss orders below S1 to manage risks. For Bearish Traders: Monitor for a sustained break below S1. If this occurs, consider entering short positions with a view to capitalize on further declines. Place stop-loss orders just above the most recent highs to limit potential losses. As always, it's crucial to consider external factors such as market news, overall crypto market trends, and economic indicators that could influence Ethereum's price movements. Stay updated and adjust strategies accordingly.
by MarsSignals
1
Ethereum ETH price completed its correction, and next growth?Here is a global wave analysis of the OKX:ETHUSDT price After the launch of #ETHETF, the price correction of CRYPTOCAP:ETH has started After launch, #BTCETF was similar to the CRYPTOCAP:BTC price. Well, this is logical, because large funds need a trading volume to purchase a large position and preferably as cheaply as possible. The probable correction wave (4) was 0.5 of the previous wave (3) Now the main task is to keep the OKX:ETHUSDT price in the range of $2250-2550 Well, and from this zone can start the growth wave (5) with the goal of at least $5950-6000 per CRYPTOCAP:ETH _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
2
ETH/USDT Weekly Chart Update !!ETH/USDT is currently testing key resistance levels within the descending channel. A breakout above $3,050 could lead to a retest of higher resistance areas around $3,850. The 100MA near $2,150 has provided strong support, and the price needs to be above this level to maintain the bullish momentum. Traders should keep an eye on volume confirmation and price action near these crucial levels. This update provides a concise analysis of the ETH/USDT weekly chart, focusing on key support and resistance levels, moving averages, chart patterns, and volume considerations. Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
by CryptoSanders9563
1
ETHUSDT Current Position (August 18, 2024, 12:00): The market is at a resistance level around 2,665.00. This area could signal either a pullback or a breakout, depending on market sentiment and external factors. Next Key Times: August 20, 2024, 06:00: This time point may represent a moment of potential reversal or continuation of the current trend. August 23, 2024, 01:00: This could be a critical period, where a major movement in either direction may occur. August 24, 2024, 16:00: A point to watch for further developments. August 25, 2024, 11:00: This point could indicate a stabilization or another shift in the market's direction. Interpretation: Upward Potential: If ETH/USDT breaks the current resistance and continues upward, it could reach the 2,690.00 mark or higher. This would likely align with positive developments or market optimism. Downward Risk: Failure to break above resistance may lead to a test of the lower support around 2,600.00 or lower, with potential significant drops around the key timeframes identified.
by trushkovskiy
1
ETH/USDT Outlook ICT ConceptsETH/USDT Analysis 💰 Welcome to Your Channel! Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on ETH/USDT, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains. 💡 Previous Analysis Review: In the previous analysis, we anticipated a sweep of the Sell-Side Liquidity (SSL), but instead, the market created Equal Lows (EQL) near the SSL, forming a key liquidity level. This development alters the market's potential direction and opens up new scenarios. 📍Current Market Overview: • Current Price: ETH/USDT is trading at 2,653.01, having recently swept the Previous Week High (PWH). Key Levels: • EQL: Positioned near 2,560.00, forming a significant support and liquidity zone. • BSL (Buy-Side Liquidity): The recent sweep of the PWH suggests a potential revisit to this BSL zone. • 4H FVG: The Fair Value Gap above the current price acts as a resistance, capping further upside unless a significant breakout occurs. 🔍 Identifying Key Levels • PMH (Previous Month High): 3,600.00 • PWH (Previous Week High): 2,740.00 • PML (Previous Month Low): 2,560.00 • SSL (Sell-Side Liquidity): 2,310.00 • BSL (Buy-Side Liquidity): 2,740.00 • 4H FVG: Near the BSL zone, offering potential resistance. 📊 Key Considerations • Equal Lows (EQL): The creation of EQL near the SSL indicates strong sell-side liquidity. This could attract future bearish interest, making it a critical level to monitor. • Sweep of BSL: After sweeping the PWH, another sweep of the BSL is likely, leading to a potential expansion lower targeting sell-side levels. • Sell-Side Target: The key downside targets include the SSL levels below 2,560.00. If these are taken out, the bearish scenario could extend towards the SSL at 2,310.00 or lower. 📈 Bullish Scenario For any bullish scenario to materialize: • Break Above BSL: A clear break and close above the BSL (near the 4H FVG) is required. This would invalidate the bearish outlook and suggest a continuation higher. • Sweep of Sell-Side Levels: The market must take out the EQL and SSL to remove the bearish pressure and open up higher targets. 📉 Bearish Scenario A bearish scenario is more likely if: • Rejection at BSL: After sweeping the PWH, a failure to break above the BSL (4H FVG) could lead to a significant move lower. • Expansion Lower: Following the BSL sweep, an expansion lower targeting the SSL and EQL is expected. This would align with the market's current bearish structure. 📊 Chart Analysis Summary • Bullish Expectation: Requires a clean break above the BSL, with the sell-side liquidity being taken out first. • Bearish Expectation: Anticipating an expansion lower after sweeping the BSL, targeting key sell-side levels. 📝 Conclusion: The market's creation of EQL near the SSL has introduced a strong bearish outlook, particularly after the recent sweep of the PWH. A sweep of the BSL followed by a move lower is expected, but for any bullish scenario, the sell-side levels must first be taken out. 🙏 Thank you for joining us! Exploring ETH/USDT today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning! ⚠️ Disclaimer The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
by RealArmin
1
Important section: 2531.05 ~ 0.382 (2647.88)Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- The key is whether the M-Signal indicator on the 1M chart can rise above and maintain the price. To do so, we need to check whether it can rise along the rising trend line during the volatility period starting around the week of August 19. If not, and it falls below 2531.05, there is a possibility that it will fall again to around 2159.0, so we need to think about a countermeasure for this. - Currently, the StochRSI indicator has entered the oversold zone and is maintaining the status of StochRSI < StochRSI EMA. Therefore, it is important to see if it can be supported around the 2531.05 ~ 0.382 (2647.88) section. Therefore, it is recommended to proceed with a purchase when the StochRSI indicator is out of the oversold section and StochRSI > StochRSI EMA. However, since the current chart is a 1W chart, it is possible that it has shown a lot of increase when the above situation occurs. Therefore, you should check whether there is support in the section (2531.05 ~ 0.382 (2647.88)) and see if you can proceed with a split purchase. - If you compare the current flow with the past flow, it seems to be showing a movement corresponding to around May 9, 2022. However, the current situation is a bit different from that time. When it was around May 9, 2022, there was a decline in USDT, but currently, USDT is showing an increase. Therefore, I think it is showing a different flow than before in that it is time to find a time to buy even if it falls further than the current price, not a time to find a time to cut losses. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will start when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
ETH (Ethereum): Approaching ResistanceTrade setup : Price broke below its 200-day moving average, which signaled downtrend. However, it got oversold (RSI < 30) near $2,400 support and bounced up. Also notice the unusually high volume, which also suggests that a lot of sellers have already exited. Momentum is inflecting bullish again (MACD Histogram rising) and price could reach $2,850 resistance. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend. The recent launch of nine ETH Spot ETFs could also boost demand for ETH. Learn to trade chart patterns in Lesson 8 and set Stop Loss levels in Lesson 9. Pattern : Price is Approaching Resistance , which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level. Learn to trade key levels in Lesson 7. Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $2,400.00, then $2,100.00. Nearest Resistance Zone is $2,620.00, then $2,850.00.
Long
by altFINS
ETH Ascending Wedge, Uptrend Channels and Repeating Patterns2nd Box in the Chart First, when we look at the boxes on the chart, we can notice the horizontal accumulation zones that continue upwards sequentially. Now, let's look at the 2nd and 3rd boxes. In the 2nd box, we see a downtrend channel. After the price uses the bottom region of the box as support sufficiently with this downtrend channel, it gives the first upward breakout, and the uptrend process begins. 3rd Box Now, let's look at the 3rd box. The price reached the EUROTLX:4K region, and despite many news events like the ETF, that price region acted as resistance and went down. Meanwhile, a downtrend channel similar to the one in the 2nd box formed. If we look closely, we can see that the price has already started using this downtrend channel. I think this process will continue similarly to the 2nd box. In other words, I believe that the upward breakout process will begin when the price squeezes until the end of the convergence between the downtrend channel and the bottom support region of the box. This could likely take a few months because there is quite a bit of space between the downtrend channel and the lower support of the 3rd box, and the price hasn't started squeezing yet. After Breaking Upwards After the price breaks upwards, I think it will move in a structure similar to the purple-colored movement, more or less. This is because the two uptrend lines below form an ascending wedge, and I believe the price will somehow catch up with this again.
Short
by huecoshunter