$ETH Price Prediction 5/24/2024Support remains strong at pattern resistance (3685) allowing 20EMA to cross zone. Although we're positioned below symmetric support eventual recovery is still assumed. Continue to use pattern resistance as the W1 close goal. www.tradingview.comby CheddarBizcuitz1
$ETHUSDNot financial advice. BITSTAMP:ETHUSD working its way up according to the Fibonacci levels. News aside it the ETF gets approved CRYPTOCAP:ETH won't be the only one to turn bullish but, in my opinion, all the altcoins and projects in the same ecosystem. Like and subscribe for more ideas. Thanks.by alex666666227
ETHUSD Ascending Triangle Breakout ? 24.05.2024- Following US SEC approval of spot ether ETF listing: - Ascending triangle 1HR chart pattern observed on ETHUSD. - Downside break of uptrendline indicates potential price decrease. - Upside break of resistance suggests possible price increase. - Stress the importance of applying risk management strategies. _________________________________________________________________________________ Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) by BDSwiss_Academy1
ETH. Weekly trading levels 20 - 26.05.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post. ! Please note that brokers have a difference in quotes, take this into account when trading. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade. Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. Don't forget to like Rocket and Subscribe!!! Feedback is very important to me! by Forex_HobyUpdated 114
$ETH Price Prediction 5/23/2024An attempt to flip 3810 fails with price dropping to pattern support before recovery. Another attempt is underway as MACD looks to push towards divergence. Holding above symmetric pattern is our best chance at maintaining this early breakout. www.tradingview.comby CheddarBizcuitz1
Delayed ETF News and its Impact.The recent delay in approving a spot Ethereum ETF by the SEC has dampened some of the bullish sentiment surrounding ETH. This news contributed to the correction from higher levels, alongside a broader crypto market pullback. Falling Channel/Wedge and the $4400 Target: The current chart pattern for ETH/USD does resemble a falling channel or wedge. This pattern often precedes a breakout, potentially towards the upper resistance level around $4400. However, it's crucial to consider: ETF Delay as a Hurdle: The lack of an immediate ETF approval reduces the short-term excitement that could have fueled a rapid breakout. Technical Indicators: Other technical indicators alongside the chart pattern should be considered for confirmation of a bullish breakout. Factors to Consider for a Potential Breakout: Renewed ETF Optimism: While the ETF approval seems unlikely in the immediate future, any positive developments or renewed optimism surrounding the ETF could reignite bullish momentum. Overall Market Sentiment: The broader cryptocurrency market sentiment significantly impacts ETH's price. If the general market experiences a strong upswing, ETH could potentially break out of the falling channel/wedge. Technical Analysis: Utilizing additional technical indicators like moving averages, relative strength index (RSI), and volume analysis can strengthen the case for a potential breakout. Important Caveats: Delays Don't Guarantee Denials: While the ETF approval seems less likely in the short term, it doesn't guarantee a complete rejection. Long-term approval is still a possibility. Technical Patterns Aren't Guarantees: Even though the falling channel/wedge suggests a potential breakout, technical patterns shouldn't be interpreted as absolute predictions. Conclusion: The delayed ETF news has undoubtedly impacted ETH's price, but a breakout towards $4400 remains a possibility. However, it's crucial to acknowledge the influence of broader market sentiment, technical indicator confirmation, and the uncertain timeline surrounding the ETF approval.by ParabolicPUpdated 117
ETHEREUM ETF Can SEND $ETH to $7300The Bitcoin etf Basically doubled the price of #BTC from the lows post etf trading to our recent peak in March A similar outcome and performance for Ethereum Would send #ETH to the 1.618 Fib extension This would be epic for altcoins, memecoins and DEFI what do you think do you agree?Longby BallaJiUpdated 8
ETH Respects The Trend, But For How Long?This is my first slightly longer post about the crypto market in some time. Despite being an ETH post, I get more into the market as a whole in this post. Here, I will do a little analysis on the above ETH chart, but primarily I will speak about fundamentals, my accuracies and my inaccuracies, and why I continue to observe the market. Ethereum was my biggest winner in the previous bull market. After buying between $100-200 in 2018-2019, I sold near $3000 at the end of 2021. Since then, I didn't "buy the dip" or return to investing in the cryptocurrency market. Sure, my opinion on things has limited my ability to see the "forest through the trees," so to speak. So far, I've missed out on at least tripling my money again on ETH, when I could have bought close to $1000 if I had been bullish on it long term. Despite the ETF approval for Bitcoin, and despite a looming ETF approval for Ethereum, I am longer term bearish on these assets. This is due to a simple question, the answer to which has not changed: If Bitcoin and other cryptocurrencies ceased to exist, would the world be impacted significantly? With the introduction of these ETF's, the answer to this question may change from "not at all" to "a little bit," but even then, the people who would be impacted are asset holders and managers who are generally making small bets on crypto. The bigger concern is that some brazen investors will follow Michael Saylor's suit and create unnecessary risk by buying assets that have very few real-world application. If this snowballs into an even bigger bubble, I do worry about the impact on the broader financial system. As for crypto's effect on the economy: Money goes into crypto and it stays there. All those billions that have been invested in Bitcoin ETF's could go somewhere else and have a positive ripple effect on the economy and people's lives. Instead, it's stagnant money, and it only has value because people continue to buy it. The primary reason why I'm longer term bearish on these assets is because I believe eventually demand will be unable to keep up, and prices will stagnate, ultimately fading into a much longer bear market. This is particularly the case when broader markets fall into a more deflationary period, which I think will happen eventually (though as we know, this is very hard to predict). It is clear that I was wrong in speculating Bitcoin would not make a new all time high. It did, but I wonder how long it could really sustain a SIGNIFICANT higher high. I'm not talking about $70-75k. I'm talking about $100k+ prices. Back in 2022, I speculated that ETH would drop to the green zone in my chart. It came very close, but bottomed out between $800-1000, a major level from the 2017-2018 bull market. I did successfully anticipate much lower prices for Bitcoin and Ethereum than most were expecting at that time. I did not anticipate such an extended move up from those bottoms. It is important to note that in multiples, crypto is outpacing the stock market from bottom to recent top. However, stocks are making more significant new all time highs while crypto is not. Even Gold is booming, breaking significant highs. This is something I did anticipate a while ago. There is no indication that holding crypto ETF's will be better than holding stocks. But hey look, Microstrategy (MSTR) is almost at dotcom bubble peak levels. Back to ETH - if one is to take a big short position, it seems unwise to do so until the long term trendline is clearly broken. Here is the trendline zoomed in. You can see that price even broke down briefly, though continued to hug it for the most part while the decline did not accelerate further. For now, it continues to ride. There could easily be more spikes up, as mania begins to take hold. But I sincerely also wonder how much extra money retail has to drive prices up this time around. Data shows that spending has slowed down, while people have mostly burned through their pandemic savings. Where will the liquidity come from? Is this rally even being driven by enough liquidity to sustain these prices? There is also always money to be made on the short side. Let's not forget that a short ETH ETF already exists. We will eventually find out the answers to these questions. These are the primary reasons I continue to observe markets. I want to know more deeply what's going on. What are the broader cultural and economic shifts that occur under the surface, which cause major impacts on society as a whole? These mysteries keep me coming back. Crypto is still interesting to me in this respect because it has such a psychological impact on the investor. I know directly from experience. It promises big things and then barely delivers. Or, it will appear to be completely dead and then cause eyeballs to pop when it suddenly triples in value. Profiting from it in the last cycle required putting up with a long emotional rollercoaster. Is there a light at the end of the tunnel for the crypto investor? Is this, right now, the light at the end of the tunnel? If so, this is a pretty far cry from the original intentions of Bitcoin. It's all gone right back into the pockets of traditional financial institutions. And perhaps, it is this discrepancy that makes me think it's really a sheep in wolf's clothing, in effect something perfectly boring and ordinary disguised as something disruptive. It is possible that it it may have not turned out this way, but due to human collective decision-making, greed, and exploitation, here we are. Despite my more sporadic posts, I continue to observe and analyze. It is not necessarily about being right or wrong for me. Maybe when I was younger it was, but now it's more about the process. It is important to let go of the attachment to being right. Thank you for reading as always. And of course, this is meant for speculation and entertainment only, not financial advice. Shortby VictorCobra5
EthereumWith regard to Bitcoin halving and the possibility of digital currency prices increasing with this event, and with regard to investors' purchases in the market and taking into account the trend of Ethereum transactions and the analysis of digital currencies that have a positive correlation with Ethereum, it can be concluded that the specified area In the price resistance analysis, it is for ethereum and with temporary price reductions, the price will eventually increase and will reach the price of $4000 in the 40-day time frame.Longby sashacharkhchianUpdated 229
a VERY high probability 30% Roi BUY LOW, sell high. I snagged many at $3,000 and I will hold them until $4,000. Which I'm very confident will happen by the end of the year. BUY OFF THE BLUE LINE. My favorite strategy!! Longby ReallifetradingUpdated 115
Ethereum Breakout From Falling Wedge PatternHello Traders, today i will share my analysis of what is happening to Ethereum now. The current Ethereum (ETH) chart shows several significant developments: 1. **Breakout from Descending Wedge**: - The chart depicts a descending wedge pattern that Ethereum has been forming for several months. - Recently, ETH broke out of this descending wedge, which is generally considered a bullish signal. This breakout suggests a potential upward trend. 2. **Price Movement**: - Following the breakout, the price of ETH has surged, reaching $3814.6 at the latest data point shown. - The breakout has led to a sharp increase, moving ETH significantly above the upper trendline of the wedge. 3. **Volume Spike**: - There is a noticeable increase in trading volume during the breakout, indicating strong market participation and support for this upward movement. - High volume during a breakout often confirms the validity of the breakout and suggests sustained momentum. 4. **Commodity Channel Index (CCI)**: - The CCI value is at 357.69, which indicates an overbought condition. While this suggests strong buying momentum, it can also signal a potential for short-term pullbacks as traders might take profits. - Despite being in overbought territory, in the context of a breakout, it shows strong bullish momentum. 5. **Price Target**: - The chart indicates a price target of approximately $4038.1, calculated based on the height of the wedge added to the breakout point. - This target gives an indication of where the price could potentially reach if the bullish trend continues. 6. **Current Status and Potential Resistance**: - The current price at $3814.6 is approaching the indicated price target of $4038.1. - Traders should be aware of potential resistance levels around the previous highs near $4000, which might act as a consolidation or pullback area before continuing higher. In summary, Ethereum has experienced a strong bullish breakout from a descending wedge pattern, supported by high volume and significant upward momentum. The price target is set around $4038.1, but traders should monitor for any resistance or pullback near previous highs. Longby NAFX_Group4
ETHEREUM TO $5000Bullish news testerday for CRYPTOCAP:ETH SEC ASKS EXCHANGES TO UPDATE 19B-4 FILINGS ON AN ACCELERATED BASIS FOR SPOT ETHER ETFS: COINDESK Pump till target area or a rejection of filing Longby SpecuVisionary3
ALTSEASON is just about to launch!!!According to the historical relationship between ETH & NVDA The caveat obviously this relationship was far stronger when ETH was validated using GPU's ... but we still have to take note of this relationship in my opinion! We know a vast majority of the altcoins are still in fact ERC20's ... including all the various L2's like Arbitrum, Base, Pulsechain and the other various EVM's A strong eth has a multiplier effect on those S coin prices. As we have already seen this cycle on Solana. The ETH etf is on the docket to be approved .. it is actually a political necessity now. like I've been saying we are due are GENERAL altcoin season any day now... not just new coins, or new narratives.. I think all boats will rise in this next ramp up. ? do we get a double bubble like in 2017? or a short 6 months -9 months and end the 4 year cycle early?by BallaJiUpdated 4419
Ethereum's Road to Recovery: Professor's Outlook📊🚀 Ethereum's Road to Recovery: Professor's Outlook 💡🔧 Let's dive into Ethereum and its journey under the looming shadow of regulatory decisions and market dynamics. With Ethereum teetering below the $3,000 mark—a significant psychological barrier—let's explore the potential pathways and strategic levels that could dictate its short to medium-term trajectory. Current Ethereum Landscape Ethereum currently stands just shy of the critical $3,000 mark. This level is not only a psychological barrier but also a pivot point that could lead to substantial price movements based on investor sentiment and market dynamics. With anticipation around the SEC's decision on ETFs, Ethereum's price movements are under increased scrutiny. ps. i think it will be a security and i don't think this is bad news..we can discuss later Key Technical Levels Immediate Resistance: The immediate resistance levels to watch are $3,273, $3,580, and $3,720. These levels represent short-term targets that could validate bullish sentiment. Longer-Term Targets: Looking further ahead, the $4,320 and $4,880 price marks stand out as significant resistance levels. Achieving these would signal a strong upward trend and potentially set the stage for more ambitious targets. Historical Support Review: The same support level observed in April, which proved robust during previous tests, is once again in focus. This support level has recently facilitated a healthy rebound, indicating underlying strength in the Ethereum market. Future Outlook Despite the uncertainty surrounding ETF approvals, Ethereum's robust technical foundations and recent performance suggest resilience and potential for recovery. Projections for Ethereum reaching as high as $6,174 remain ambitious yet plausible within the next 18 to 24 months, assuming favorable market conditions and regulatory outcomes. Conclusion As Ethereum navigates these critical levels, staying informed and responsive to emerging trends will be crucial. The interplay between regulatory news and technical indicators will likely drive Ethereum's market behavior, providing strategic opportunities for keen investors. Keep an eye on further developments, and as always, engage with the markets thoughtfully and strategically. One Love, The FXPROFESSOR 💙Longby FX_ProfessorUpdated 1111
Potential bullish bounce off 50% Fibonacci support?Ethereum (ETH/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance. Pivot: 3,042.40 1st Support: 2,924.22 1st Resistance: 3,217.56 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Longby ICmarkets1118
FREMA Levels for StrategyFREMA facts: Upper hot color bands are based on Buying Pressure Lower cold color bands are based on Selling Pressure This makes the levels of bands be more relevant to the candle metrics. The regular ATR bands the upper and lower levels expand equally with ATR change. Whereas FREMA levels expand and shrink by the change of 2 factors: Buying and Selling Pressure. In a nutshell, it's the bullish and bearish parts of the candle measured with separate variables that govern the upper and lower bands independently. Therefore we can agree that out of all volatility bands, the FREMA is more native to the nature of ongoing price fluctuations. The volatility levels can be implemented in strategy for trading the range of probabilistic prices. Combination with trend-following indicators can determine the condition of multiple buying orders at different cold color levels. To be able to catch the very bottoms, the condition of bullish entry series should be set with 0 open trades unless the price or any other price-following substituting components are equal or lower than one of the lowest bands . This filters the entries from risks of buying as soon as price falls below middle deviation line. For filtering with "Buying and Selling Pressure" use open source code below: by fractUpdated 228
Will ETH bounce back?As we review BINANCE:ETHUSDT price action on the daily chart, a notable pattern emerges—a substantial falling wedge, traditionally indicative of a bullish reversal. This analysis comes at a critical juncture, particularly following the inflation data released on May 15th, 2024, which fuelled a general uptrend in the market. Ethereum capitalized on this momentum, marking a robust bullish candle on the chart. Critical Levels to Watch To sustain this upward trajectory, it is imperative for Ethereum to secure a close above the $3100 to $3200 range, which would signify a decisive breakout from the falling wedge pattern. This breakout is essential for confirming the reversal signal and setting the stage for further gains. Technical Indicators and Support Zones Ethereum is currently testing its 200-day Exponential Moving Average (EMA), which interestingly aligns with the lower trendline of the wedge. This confluence enhances the significance of the $2750 to $2800 zone as a critical support area. Should prices stabilize or rebound from this level, it would reinforce the bullish outlook. Market Sentiment and External Factors The market is keenly awaiting news regarding the potential approval of an Ethereum ETF. Despite high expectations, there is a prevalent sentiment that the SEC might reject this proposal. A rejection could exert downward pressure on Ethereum, possibly leading to a breach of the current support level. Under such a scenario, the price could retreat to the next significant demand zone, identified between $2200 and $2400. Strategic Considerations for Traders Given the potential volatility stemming from regulatory news and technical thresholds, traders are advised to exercise caution. Monitoring these key levels and staying abreast of market news are prudent strategies to navigate the uncertainties inherent in cryptocurrency markets. by MudrexUpdated 225
ETHEREUM, 1 day ahead of ETF Since Monday, ETH has risen by a spectacular 25%! On Tuesday, we recovered a key zone: the $3730 level, where a great deal of liquidity was present. We are now 1 day away from the potential approval of the Ethereum ETF (May 23, 2024). It is therefore very difficult, if not impossible, to position oneself on the market, even if the direction seems to be taking shape. So I'm going to remain a spectator on ETH while waiting for the results. If the ETF is approved, I expect a correction over the next few days. “Buy the rumour, sell the news”. Feel free to subscribe and boost this post if you enjoyed my analysis, and tell me what you think! Happy trading and a great week :)Longby InfiniteY115
ETH Analysis, Chart is speaking itself !!!Hi. COINEX:ETHUSDT Ethereum finally managed to break the megaphone, which means we should expect more price increases from Ethereum. Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!Longby CobraVanguard2259
Ethereum Long Term IdeaIdeally, would like to see ETH stay above 600s from here on out. Monthly chart, will update on lower weekly time frames as time progresses.by AvenueWorkUpdated 2323122
ETHUSD bullish movement is about to happen!!!Hi. BINANCE:ETHUSDT Today, I want to analyze ETH for you in a 12H time frame so that we can have a MID-term view of ETH regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). ➡️ETH has done a Impressive Movement recently but the odds of another bullish Movement is Pretty high because the pattern which ETH is in, Is a Bullish Flag Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens, we Can Expect a Bullish Movement as much as the Measured Price movement (flag pole) to happen! ✅ Due to the Ascending structure of the chart... 🟢 ETH has been Bullish Recently! 🟢REEGULAR BULLISH Divergence 🟢ETH is in a Bullish Flag 🟢(AB=CD) 🟢Price is gonna Reach $4100 ✨Targets are: 🎯$3390 🎯$3500 🎯$3750 🎯$4100 Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!Longby CobraVanguardUpdated 6678
Ethereum downside or breakout?Watching Ethereum (ETH) closely after it reached a high of $3,040 on a 4-hour timeframe chart today. If support at $2,923 crumbles. A break below this level could send ETH down to $2,874. However, there's also a chance for a breakout on the upside. If Ethereum can overcome resistance at $3,100, it could surge towards $3,160 or even $3,200.by Z4F4RUpdated 1113
ETHUSD: Bouncing back to ATH | 66.67% Probability!COINBASE:ETHUSD has been getting a lot of attention in the crypto world lately. It recently went through a big drop in price (-25%) , but now it's showing signs that it might be bouncing back and heading bullish again. Here's what you need to know: ETH's price dropped a lot over the past 2-3 months, and it's been consolidating since then. According to my Free Probability Indicator , there's a good chance that ETH's price could hit a new high. Around 66% chance on the 3D chart and 62% on the daily chart which is a pretty high number! This drop in price could actually be a good thing because it's created a big opportunity to buy ETH at a lower price. Right now, it's about 38% cheaper than its highest price ever. If you're thinking about trading ETH, here's what you should consider: Entry: Wait for clear signs that the price is going up again, like breaking through certain price levels or seeing strong positive movements on the daily chart. Once you're confident the trend is changing, you could think about buying ETH. I'm currently looking at 4H Equilibrium to get position Exit: To protect yourself from losses, you might want to set a "trailing stop-loss." This means if the price starts dropping again after you buy, your sell order will automatically trigger to limit secure your running profits. Risk Management: Make sure you're not risking more money than you can afford to lose. Only invest what you're comfortable with, and consider how much you're willing to lose if things don't go as planned. This isn't any financial advice. It's just some insights to help you make informed decisions. Always do your own research before investing in anything.Longby FractalystUpdated 2215