ETH/USD (H4)The price has completed the final wave of the falling wedge pattern.Longby tynfx_orbUpdated 227
ETH FIB RETRACEMENT + Fair Value Gap 5/21/24We have show resistance at 3727, Currently we look to be bouncing off the fair value gap from 3616 to 3638. We can see a double top yet it might play out to be a triple if we don't just break through this FVG. The fib levels would show us a drop price back down to around 3400. Also looking at the RSI on the 4hr time frame we are in over sold territory. yet on the daily just touch the 70. As we have seen a large momentum sweep and active volume over the past two days, I have marked up my chart to share what i think is the next move for eth. This is my first published idea and would love to hear feedback on my analysis! THANK YOU ! I WISH US ALL BIG WINS!Shortby bigdreamsrichmotives111
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_Group3
Ether breaking up from bullflag.Very likely validating the breakout up from this flag with this big candle move/close today.. If so the target is all the way up at $5034. Reaching this price target can take price well above the purple line which is a neckline to a big inverse head and shoulders pattern. Once we were to trigger the breakout of the big inverse head and shoulders target we will likely be looking at a measured move target for it around 7300-7400! For now the current target to focus on is 5034, as it could still correct enough to dip back below the purple neckline after reaching the bull flags breakout target. Also chances at consolidations or pullbacks along the way to the bull flag target as well so tread wisely. *not financial advice* by DrDovetailUpdated 1
ETHUSD Elliott wave countThe equality between waves 1 and 3 (blue count) in conjunction with the ETF approval for Ethereum, we can expect an extended wave 5 with a target equal to waves 1+3, the yellow Fibonacci projection, respectively the 7560 area. The price breaks 3726.79 level and the near term resistance levels will be 4091.67 and the TOP 4867.81by Cross10XSignals2
Ethereum Elliott wave analysis monthly chartWe are at the start of wave 3, time for take off!!!Longby ioanniskadis2
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
ETH from 2022 lowETH from 2022 low. Identifying the corrective structures. With bear side GZ broken in the ETF hype pump, is this a suckers rally or moon?by 5enJk225
ETHUSD Is Bullish! Long! Take a look at our analysis for ETHUSD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 3026.1. Considering the today's price action, probabilities will be high to see a movement to 3253.6. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 229
ethusd longbased on my brain i will take this trade, i don't like weekly RSI, looks like it could be destined for 50. But also, upwards isn't impossible.Longby hokblakeUpdated 4411
We have broken out of the bullish wedge to the upside,5k? AS you can see we broke out of the descending wedge at 3050 and have a daily confirmation. We need to turn 3250, then 3500. nd 3850 into support and we should go to 5k As we would have a monster cup and handleLongby DeadCatBounceHouse223
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
eth/usdtEth is consolidating in a nice triangle pattern , opening for a sharp move higher very soon !!!!Longby CRYPTODUDE17Updated 2
Ethereum (ETH)Ethereum—some call it the silver of cryptocurrencies; obviously, Bitcoin is the gold. Anyway, continuing from the last ETH analysis, ETH is still moving in a wide ascending channel. Currently, ETH is oscillating in a triangle pattern that is sloped slightly upward. At the same time, there is a horizontal resistance/support area that acts like a magnet. Also, the channel's middle line is important for deciding upward or downward movement. Let's see which way ETH breaks this triangle pattern.by SaeedSalehiniaUpdated 118
Wolf Wave Target Achieved. Target 2 is Triangle Great! Wolf Wave Target Achieved. And the second Target Triangle Pattern.Longby SasikumarManiUpdated 2
This. Is Actually Bullish. But First. One More Liquidation? Traders, I'm seeing this on the Bitcoin chart as well (future post). But here on Ethereum we are in a bullish descending wedge. It should break to the upside soon. However, careful going all in just yet. My spiny senses are telling me we could have one more liquidation of longs incoming before all lights are green. Our .618 fib level seems to be holding well so, this might look like a quick wick down during the course of the day touching that bottom part of the descending triangle or even possibly the 200 day sma. Get ready to pull the trigger on those buy orders if that happens or even if it doesn't. StewLongby stewdamusUpdated 2211
Ethereum Crack"Aliens, an advanced species that have seen hundreds of stars and a few black holes throughout their lifetime, have made contact with humans sending encrypted data. They are masters in the study of the elastic property of TIME throughout the Universe (relative to Gravity), and they are trying to send a message to prove us all, not that time is a construct in the fabric of the Universe, but that they in fact exist, and they are indeed... Intelligence." Trying to crack the code in this splash of wonder I must emphasize that the most relevant element in the whole data set, might be the Blue Curve. For any bulls, I believe this is an important function to cross over, and even though after crossing over the price might still slide lower along it, for lower lows, there is also another prospect of a push towards Level 1 which, again, for the bulls, could be quite important if reached, as it can sustain heavy resistance on the price, of such magnitude that the market can weaken to the point of sliding towards level 2. Potential Support zone. 3 and 4 are intermediary, but not to be ignored as they can provide relevant price action several times if the estimations are correct. The 2 small curves purple and green are also potential support/resistance functions, while the rectangles in this case can act more like milestones as it is possible that the price might want to avoid them up and down like in an obstacle course. If not successful in such journey attempt, they too might become support and resistance areas. Again for the bulls, watch out for the blue curve, and if broken, maybe better to wait for signs of an impulse (low_) correction (higher low_) and a potential push for a higher high. For the bears, this design doesn't predict any bold aggressive downturns, maybe just a balanced descent between the blue and the big purple. Watch out for the price action and the relevant events at the elements if you want to Crack the code, if there even is one...by nenUpdated 5512
ETHUSD/ETHBTC afternoon updateVery intriguing bullish setup for ETHUSD and ETHBTC. ETHUSD holding support at .618 Fibonacci drawn from pivots at 4093.88 and 2100. There are different bullish counts that can be drawn from 879.80 low, will know more if price gets above 4093.88 and how price moves above that resistance. ETHUSD move may be magnified by bullish ETHBTC setup, if low of 0.04474 can hold off .618 Fibonacci drawn from 0.08864 and 0.01614. Immediate bullish targets on both charts would be the median lines of each pitchfork.by discobiscuit2
Indecisive I have a bullish bia on this, once the 3.1k resistance is successfully broken, will see a run to 3.6k level. by Kizito-A335
ETHUSD-TRIANGLE BREAKNote: This Analysis have been given initially and has so far played along, We can now see triangle formation and play, this a pattern that is well known, hence add more position at break of previous days high, Solana has been a leader, BCT have not been finding much strength however the two are trading above the neckline expecting continuation BUYSLongby Jeremiah_Capital2
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 ICmarkets1117
ETH.usd eyes on $3431.83: Golden Genesis fib to determine trendShown above is the same Fibonacci series, in 3 different time-frames. Assets have many Impulses in a lifetime, but only one "Genesis Pulse". Genesis as in "birth", programmed with all of the DNA it will ever have. That Impulse determines the "Sequence" of growth spurts and retraces. Imagine it this way: - Each owner of the asset convinces on average 1.618 others to buy. - Like an undulating insect swarm, the mass decisions come in waves. - As the swarm grows, the waves' amplitudes grow by 1.618 multiples. This simple plot has called all major turns, including the 2021 top (click) For your own copy of the Genesis fib, use this Single Page Version (click) =============================================================== by EuroMotifUpdated 1123
$ETH - Supports & ResistancesCurrent areas of support and resistance in Ethereum. Watching these areas for entry or take profits points.Longby fortune_001