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Start trading of ETH ETF might push Ethereum price up.Hi everyone, After ETH ETF approval Ethereum price increased on over 30% rising from 2800-3000 support area to almost 4000 level. Two months later price came to the same spot from where it started. Within couple weeks actual trading of those ETH ETF should start and this once again bullish news that can push Ethereum price to 4000 level. Only time will tell if it happens or not but at least in the first days price should rise significantly. As always Ethereum price heavily depends on Bitcoin price action and if it goes down then start trading of ETH ETF won't help ETH price to rise. So far Ethereum price recovers better than BTC price but if Bitcoin resumes downtrend movement then ETH will follow. At the moment it's important for ETH price rise to 3650 level as it's first strong resistance and if BTC price rises above 60k then this will be very possible task for Ethereum. Please, do not forget to boost this idea & share it with your friends; thanks.
by Real_CryptoRoy
23
ETH ANALYSIS🚀#ETH Analysis : 🔮As we can see in the chart of #ETH that there is a formation of Descending Channel Pattern. Some time ago the same structure was made and it performed well and this time also the same is happening with a perfect breakout 🔰Current Price:  $3507 🎯 Target Price:   $4000 ⚡️What to do ? 👀Keep an eye on #ETH price action. We can trade according to the chart and make some profits⚡️⚡️ #ETH  #Cryptocurrency #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
2
ETHUSD → toward $3274hello guys. Let's analyze ETH! ✎ Current Price and Structure - Current Price: The current price of Ethereum is approximately $3,158.24. - Trend: The chart shows Ethereum in a descending parallel channel, indicating a bearish trend. ✎ Key Patterns - Double Bottom: At the lower end of the chart, a double bottom formation is seen around the $3,110 level. This is a bullish reversal pattern suggesting that the downtrend might be losing momentum. ✎Trendlines and Targets - Descending Trendline: The chart shows a descending trendline that Ethereum is currently attempting to break. This line represents the resistance level in the ongoing bearish trend. - Target Line: The target line, marked at $3,274.48, is a significant resistance level that Ethereum might aim for if it breaks above the descending trendline. - Bottom Line: The bottom line of the descending channel acts as a support level. - Target Line: Extending below the bottom line, it suggests further potential downside if the support is broken. ✎Indicators - Price Action: The price action suggests a potential breakout from the descending channel. The price is approaching the target of $3,274.48 after forming a double bottom, which is a bullish signal. - Resistance Levels: The significant resistance levels to watch are the descending trendline and the $3,274.48 target. Breaking these levels might indicate a reversal of the bearish trend. Conclusion - Bullish Scenario: If Ethereum manages to break above the descending trendline and reach the target of $3,274.48, it could signal a bullish reversal, potentially leading to further upward movement. - Bearish Scenario: If Ethereum fails to break the descending trendline and drops below the current support levels, it might continue its downtrend within the descending channel. Overall, the chart suggests cautious optimism with key resistance levels needing to be broken for a confirmed bullish reversal. Traders should watch these levels closely and consider the patterns formed for making informed trading decisions. ___________________________ ✓✓✓ always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
8
Jul.9-Jul.15(ETH)Weekly market recapThe CPI of June dropped significantly and performed better than expected. Coupled with Powell's dovish speeches on monetary policy in the House of Representatives and the Senate, the market has rekindled hopes of an interest rate cut. Judging from data available in the interest rate swap market, traders have begun pricing in the possibility of two interest rate cuts in 2024. And it is expected that starting from the FOMC in September, interest rates will be cut at every subsequent FOMC. After the German government sold BTC, FUD in the market gradually decreased. Mt.Gox's repayment method will be based on the BTC price several years ago, and the potential selling pressure will not be large. So after gold and U.S. stocks responded bullishly on Thursday, cryptocurrencies started to see gains over the weekend. Relative to U.S. stocks that continue to price in interest rate cuts, BTC and stocks in developing countries will become the leaders of this cycle. The SEC is currently expected to issue its latest response to the ETH ETF this week, and there is a high probability that it will be officially launched this week. Again, we are already on the way to a rate cut. This is the era of ETH. Although FUD caused greater losses to ETH, the continuous rise has repaired it. The listing of ETH ETF remains a focus of the market. Like BTC, ETH bulls enjoyed a rare weekend of strength and are holding on. On the WTA indicator, after ETH fell below 3000, whales appeared. The ME indicator continues to maintain a bullish trend. To sum up, we believe that ETH may lead the market higher this week. We maintain our original resistance level 4000 and support level 2800. 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
1
The rebound begins ---- ETHSame as we said last week. Although BTC and ETH did not react as strongly as gold when the CPI was announced. However, during the weekend when trading activity was relatively weak, both BTC and ETH rose and bulls have maintained so far. Excellent CPI has shown that the date for interest rate cuts is gradually approaching. Funds will gradually flow from the US dollar to risky assets. And the funds in the U.S. stock market may also face the risk of outflows because of its excellent performance in the past year. Traders will choose the riskier stock market. But cryptocurrencies will be one of its destination. If you are not a professional macro analyst, you may hesitate before the rise comes and miss the best trading opportunities. But it doesn’t matter, you can choose our TSB indicator. As mentioned in our report last Friday. The TSB indicator prompted a BUY signal on Friday and has risen by more than 8% without any leverage. Last but not least, we are on the way to a rate cut and the cryptocurrency has pulled back lower due to a series of FUD. Don't miss out any opportunities of open position because of indecision, hurry up and use our indicators. Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated. KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits. 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.
by sypool-AI-TradeGenius
ETH/USDT 1DAY CHART UPDATE !!Ethereum has recovered from the lower boundary of the descending channel and is currently trading above $3,300. The next significant resistance level lies around $3,400. A break above this level could see ETH target the $3,600 mark. Support is strong at $2,950, which aligns with the previous consolidation zone and the lower boundary of the descending channel. A break and close above $3,400 with high volume could target $3,600 and above. Failure to break $3,400 could lead to a retest of the $2,950 support area. Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
Long
by CryptoSanders9563
ETH/USDT Outlook ICT ConceptsEthereum (ETH/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. 🔍 Identifying Key Levels The chart highlights several significant levels and zones that influence the current market behavior: • PMH & PML: Previous Month High and Low, serving as significant resistance and support levels. • Weekly High & Low: Weekly highs and lows that act as critical levels of support and resistance. • Monthly FVG: Monthly Fair Value Gap at the bottom, which held the price after sweeping the sell-side liquidity marked out. • Minor BSL & SSL: Minor Buy-side and Sell-side Liquidity, points where traders place their buy and sell orders. • IFVG: Inversion Fair Value Gap, indicating a shift in market sentiment. 📊 Key Considerations • PML and SSL Swept: The price ran through the previous month low and the sell-side liquidity, as anticipated from the previous analysis. • Respecting Monthly FVG: The price respected the monthly Fair Value Gap at the bottom of the chart, indicating strong support. • Creation of IFVG: The creation of the Inversion Fair Value Gap (IFVG) signifies a potential shift in market sentiment. • Sweeping Minor BSL: The price ran above the IFVG and swept a minor buy-side liquidity level. • Consolidation and Liquidity Creation: The current market is consolidating and creating liquidity, setting up potential future moves. 📈 Bullish Scenario Given the recent price action and key considerations, the bullish scenario is favored: • Retracement for SSL: The price is expected to retrace to take out the sell-side liquidity (SSL) before continuing higher. • Continuation Higher: After sweeping the SSL, the price is likely to target higher time frame levels such as PMH or Weekly High. 📉 Bearish Scenario A bearish scenario should also be considered: • Sweeping Minor BSL: The price ran above the IFVG and swept a minor buy-side liquidity level. • Retracement for BSL: The price is expected to take out the buy-side liquidity (BSL) before continuing lower. • Continuation Lower: After sweeping the BSL, the price may revisit lower support levels such as PML or Monthly FVG. 🔄 Lower Time Frame Confirmation For both bullish and bearish scenarios, using lower time frame confirmations can enhance the trade setup: • Creating Low Resistance Liquidity: Look for the creation of low resistance buy-side or sell-side liquidity zones on lower time frames (e.g., 1-hour or 15-minute chart). 📊 Chart Analysis Summary The market respected the monthly Fair Value Gap at the bottom of the chart, creating an Inversion Fair Value Gap (IFVG) and leading to an expansion higher, as anticipated. The price has run above the IFVG and swept a minor buy-side liquidity level. Currently, the expectation is for the price to retrace back to the sell-side liquidity and then continue higher. Key levels and zones identified in the chart will play a crucial role in determining the future price direction. Understanding these key levels and the current market behavior helps in making informed trading decisions. 🙏 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
3
ETh → enter the position there!hello guys... as you see eth made a flag pattern and broke it! after breaking it made a sharp movement and now another pattern under the name head and shoulders! the blue line area seems a potential area to get a long position! target is: $4631! ___________________________ ✓✓✓ always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
by melikatrader94
15
ETH - WATCH OUT for SHAKEOUT : Bear-and Bull TrapsUsing leverage when the markets are trading sideways/range is especially risky, since this is a prime place for algo trading to liquidate positions. Shakeouts are more common than you may think. The above example on the left is a perfect example of an extended shakeout over a multi-week period before the upwards price action starts. It is, however, important to keep monitoring the situation. As long as the drop remains fairly small and the price stays close underneath the red trendline, recovery is an option. _________________________ BINANCE:ETHUSD
BINANCE:ETHUSD
by CryptoCheck-
Is the bull market returning? ---- ETHYesterday, the U.S. CPI for June was released, showing that inflation has eased far beyond expectations. Gold rose, but US stocks and BTC fell. After Powell's dovish remarks, the improvement in CPI can be regarded as a turning point in macro policy. As we often say, we are on the way to a rate cut. We do not believe that the decline in US stocks and BTC demonstrates sell the news. We believe that funds flowing out of US stocks will flow to BTC and the stock markets of developing countries. BTC did not show strength at when the CPI was released because of the lack of funds. After funds flow into the market, BTC will have a pump, and the funds in the BTC ETF in the following days will prove this. Therefore, at current levels, it is a good opportunity to buy high-risk assets. Funds will flow out of U.S. stocks and try aggressive investments. Whether it’s BTC or developing country stocks. In terms of underlying selection, ETH is better than BTC. This is mainly because the ETH ETF approval date is getting closer. From the perspective of entry point, the current TSB indicator gives a BUY signal at the 4h level, which is a suitable position. The TSB indicator has successfully captured gains from declines and rallies many times over the past month. Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated. KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits. 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.
by sypool-AI-TradeGenius
Trade Setup: Ethereum (ETH) Long PositionMarket Context: Ethereum CRYPTOCAP:ETH is expected to remain a strong trade in the coming weeks due to the ETF narrative. Two main factors support this belief: Institutional Inflows: Institutions are likely to provide seed money, ensuring strong flows into the ETH spot ETF. Reduced Selling Pressure: There will be less selling pressure from Grayscale’s ETHE compared to their GBTC, as ETHE shares will be converted into the ETH trust on a 1:1 ratio. Trade Setup: Entry: Enter a trade at $3,000. Take Profit: First target: $3,250 Second target: $3,530 Third target: $3,700 Stop Loss: Set the stop loss just below $2,900. Strategy Overview: This strategy hinges on the anticipated positive impact of institutional involvement and reduced selling pressure, positioning ETH for potential gains in the coming weeks. 📊 Monitor market developments and adjust your strategy as needed! #Ethereum #CryptoTrading #ETFNarrative 🎯
Long
by Richtv_official
your lips, my lips, apocalypse."welcome to 2030. i own nothing, have no privacy, and life has never been better." --- welcome to my page, i have not posted anything btc related in awhile because my primary posts have been private for well over a year. few eyes see my work, and i intend to keep it this way. i will though, share my primary outlook on btc - because fact of the matter is, come november, ain't nobody gonna believe it anyway. --- what i'm portraying in this beautiful picture here, is a 20 year cycle. from 0 to 750k. the greatest experiment in history. --- a lot of people have given up on this particular idea ever since we took out the ath - but in my opinion, it's even more valid than it used to be, now that everyone and their uncle is bullish. etfs are appearing from various countries, the short term cost average in the market sits at like 64-65k as the common man fomo's into an instrument he knows nothing about. this leaves the common folk very vulnerable, and open to a direct attack. --- imagine this: btc runs up from the end of this month, into the election just above 100k. most alts 10x, some alts 25x, few alts 50-100x. everyone is excited, euphoric, nothing matters except up, nobody expects such an abrupt ending, but then it comes... jerome powell pivots the rates, and the markets crash harder than they did in the year 2000, down to levels most people have discounted years ago. that's the kinda vibe this market gives me. a full blown retail sweepout, before one of the greatest bull runs in history. --- the path to 750k ↓ 112k ↓ 6k ↓ 750k ↓ in that exact order. ↓ read that again anon. --- 🌙
CRYPTO:BTCUSDLong
by notoriousbids
6