Rising Wedge, Decreasing Volume -- A Bearish Scenario for ETHUSDOn the 4h timeframe we see a classic Rising Wedge with Decreasing Volume. This usually ends up with a break to the downside. I will be looking for short entries on ETH.
ETHUSD trade ideas
Rising Triangle FLAG patternETHUSD pair forming a flag pattern.
Possible it plan to challenge 2650, and 2700.
ETH: The brave move of Ethereum is on its way.How far will Ethereum extend its uptrend this September, will determine its October performance.
Ethereum Resistance Starts At $2800Ethereum flashed green on my indicator system on the 9th of September. I don't see much resistance until we move into that $2800 area. Our first resistance area will be that block of sell side pressure which coincides with the 350 DMA. Above that we have the top of our channel which coincides with an area of higher volume according to the VRVP. This is where I will begin watching closely for my indicator system to flash red. Of course, we could always break the top of our channel and continue up. The bulls will have shown a lot of strength to do so. I will try to keep you posted as Ethereum tends to lead much of our altcoin space.
Ethereum Targets $3000 in OctoberEthereum Surpasses $2,500: Ethereum has shown a strong bullish trend, surpassing the psychological mark of $2,500, indicating growing investor confidence.
Consistent Weekly Gains: Over the past two weeks, ETH has gained momentum with a 7.53% increase last week and a 5.8% jump the previous week, contributing to its upward trajectory.
Falling Wedge Breakout: On the daily chart, Ethereum has broken out of a falling wedge pattern, a bullish reversal signal suggesting continued upward movement.
Six Consecutive Bullish Candles: The price action reveals six bullish candles in a row, accounting for a 15.67% price jump over seven days.
Surpassing Key Resistance Levels: ETH has surpassed the 23.60% Fibonacci level and the 50-day EMA, reinforcing the bullish sentiment in the market.
Current Trading Status: Ethereum is currently trading at $2,654, with an intraday gain of 2.91%, maintaining dominance above the 23.60% Fibonacci level.
Targeting the 200-Day EMA: The uptrend is likely to challenge the 200-day EMA near the 38.20% Fibonacci level at $2,860, which is a critical resistance point.
Weekly Chart Bullish Reversal: On the weekly chart, ETH shows a V-shaped reversal from the 200-week EMA, testing the 50-week EMA, indicating a potential long-term bullish trend.
Approaching 50% Fibonacci Level: The price is close to challenging the 50% Fibonacci level at $2,850 on the weekly chart, suggesting further upward potential.
Technical Indicators Support Uptrend:
EMA Signals: The uptick in the 50-day EMA increases the likelihood of a golden crossover with the 200-day EMA, a strong bullish indicator.
RSI Momentum: The RSI on the daily chart is approaching the overbought boundary, surpassing the 50% level, while the weekly RSI is reversing bullishly from the 37.84 level.
Potential to Cross $3,000: With the current momentum and technical indicators, ETH is likely to target $3,091 and $3,321, potentially crossing the $3,000 mark before October.
Support Levels to Watch: Key support levels are identified at $2,500 and $2,100, which could serve as strong foundations in case of a price pullback.
200 Weeks Moving Averages supported Ethereum is finding support at the 200-week moving average. The price needs to remain above $2,300 for a potential reversal.
Wow check out this downward channel on ETH dailyResistance was broken before but then ETHUSD dropped back into the bearish trend channel. So even a break up here will not mean the downward trend is finished.
I will be curious to see if ETH can break up away from this channel on the daily or if it will continue it's downward slide.
ETH LONGETH retested the .618 Fibonacci retracement and looks like it is ready to continue its uptrend towards ATH. It previously double topped and rejected the $4000 area. I think it will make its way back to that $4000 price point within the next few weeks. If we successfully break and retest that zone, ETH could break as high as $6000+. I believe BTC will rally into the end of the year, which will also bring up the entire crypto market.
ETHUSDT BUY IDEAExpecting a good buy from the marked area following the current market trend .proper risk management .ADEX CARES
ETHUSD: Market Is Looking Down! Sell!
Welcome to our daily ETHUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 2,548.3$
Wish you good luck in trading to you all!
ETH: This May Be Your Last Chance Before Exploding to UpsideAs I mentioned in the previous analysis, Ethereum can experience significant growth after breaking out of the wedge, which indeed happened. Now, we can set the target at 2800. If this zone is broken, the price can reach the top of the megaphone pattern.
Previous Analysis
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
ETH price is moving according to the planAs you can see in my recent post when price was heading towards the nearest FVG . Yes price did follow it and did touch the FVG . by law the price should reach the BSL ( buy side Liquidity ) . which is marked at 2800 ish level. so keep an eye on these levels.
once it hits the BSL then we will see how the market reacts and we can predict our next move
ETHUSD-SELL strategy 6-hourly Heikin AshiIt is overbought, and I suspect we may see back to lower $ 2,400 again in the near term. The expected down move is not confirmed, but am just looking at the GANN lines support and resistance, and its overbought state.
Strategy SELL @ 2,585-2,625 and take profit near $ 2,450 for now. SL as usual basd on your own risk parameters.
ETH LongNeutral on MACD a little bump from the FED rate seems plausible. In at 2,500'ish and out at 3,000'ish. Possible 2nd opportunity to top-up for longer-term swing trade.
Will Ethereum Break $2,670? Key Levels and Market AnalysisAlright, ladies and gentlemen, we're looking at Ethereum Coinbase 4-hour chart. As you can see, it's been hovering around the 0.786 Fibonacci level for a few days, but it has faced multiple rejections today. The market buyers are present, but moderately so we need more buying pressure to push Ethereum above that 0.786 level. If Ethereum can break through, we could see it rise all the way to $2,670.
Now, will ETH break $2,670? That depends on several factors :
Volume and Buying Pressure : ETH needs strong buying momentum to break resistance at $2,670. Watch for an increase in volume, particularly during a breakout attempt, as it suggests investors are confident in the upward move.
Overall Market Conditions : Broader market sentiment, such as Bitcoin's performance or movements in traditional markets, can heavily influence ETH. A favorable macroeconomic environment, like continued Fed rate cuts, could push crypto higher.
Technical Indicators : ETH staying above key levels like the 0.786 Fibonacci or significant moving averages would improve its chances of testing and breaking $2,670.
Macro Events : Regulatory news or unexpected developments in the crypto space could either fuel a rally or hinder progress.
If buying pressure builds and ETH breaks through resistance, it could surge past $2,670. However, if it gets rejected again, we might see a drop back down to the $2,400 area. Let’s stay tuned and see how this plays out. Please hit that like button for more updates!
Rising wedge on the 1h chart ETHUSDTwo up channels being respected for now but ultimately we are forming a rising wedge which is a bearish signal. We might get a blow off top even above 2600 which would act as a bull trap and signal a dump. This is all on the 1 hour chart so lets see if it resolves today and tomorrow.
I'm short for now and i will close if close a candle above around 2850. All said I just don't see any reason why this should be the moon launch everyone on TV is calling for rn. We are oversold and this is just whales F+cking around with yr heads as usual.
Key Levels and Rebound Potential for ETHThe ETH monthly chart has reached the Fibonacci Retracement 38.2% level. If a pinbar forms by the end of this month (providing technical confirmation), there is a strong likelihood of a rebound to the Fibonacci Retracement 61.8% level at 3397 next month.
The weekly chart indicates that it first needs to test the resistance level at 2850. Given the current weakening trend of the US dollar, it seems plausible that the price can reach 2850. However, for the target of 3397, we must monitor next month’s US employment data, as it will influence the dollar's trajectory and, in turn, the potential for non-dollar assets to achieve new highs.
potential saleIt is very likely that Ethereum will seek to fall when it reaches this level indicated on the chart, please take the necessary precautions for all those interested in Ethereum. This is just an analysis and not a recommendation. Good luck
ETHUSD View!!Ethereum is rising, adding a decent 5% on the last day and nearly 10% over the past trading week, according to CoinMarketCap data. As ETH shakes off weakness, breaking above the local resistance– now support– at around $2,400, confidence is high.
Over 150,000 ETH Moved To Exchanges
All the same, IntoTheBlock data on September 20 reveals that when prices rose, breaking above $2,400, all within the last 24 hours, more coins were moved to leading exchanges, including Binance and Coinbase.
Dip to BuyIt seems Big person is killing price to buy.
700 days MA to 900 days MA maybe their target.
In that case Might be it is a good buy zone.
ETHUSD (IDEA) WeekendWill look to take a entry on a Long for the weekend play. Personally I dont trade ETH anymore but safe entry for my Funded challenge. Happy trading to everyone enjoy the weekend.
This is not financial advice
IAM
