Ethereum - is ready to go higher! +32% this monthEthereum is still very bullish, so there is no reason to expect lower prices at this moment. We can see that the price broke out of this ascending parallel channel and retested it. Usually you want to wait for a retest and then enter a long position, which is happening right now! You can place your stop loss below the previous swing low (inside the ascending channel).
On the chart, you can see my detailed Elliott Wave count. We are in the bull market, so we can expect an impulse wave to form. In this case, we are still missing the fifth wave to the upside, which gives us another reason to open a long position.
Where to take profit? For this, we always need to use the Fibonacci extension tool. In combination with Elliott Wave theory, we can use the fibonacci extension tool from the start of wave 1 to the end of wave 3 and to the end of wave 4. The target for the fifth wave is 0.382 FIB or 0.618 FIB. Both log scale and linear scale are valid as profit targets.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Search in ideas for "Ethereum"
Ethereum Skyrockets: Next Stop $5,400?Ethereum indicates that we are now approaching the completion of Wave 3, which is expected to be between $3,274 and $5,400. There is potential for an increase in the coming days that could drive prices significantly higher. However, the 161% extension level within Wave 3 is seen as very important and significant, and the resistance line at $3,581 could become a major hurdle. Accordingly, preparations for a retreat to Wave 4 are being made, based on the subordinate wave structure, which is expected to be between 38.2% and 61.8% and would place it between $2,600 and $2,200.
Nevertheless, there is still considerable potential for an upward movement to complete the overarching Wave 3, which is likely to coincide with the previous peak of Wave 5 at $2,400, representing an almost 72% increase. Such a retreat is considered crucial at this stage of the market, as it provides an opportunity for a subsequent rise and the possibility to "flush out cheap money" from the market, thus setting the stage for healthier market dynamics in the future.
Ethereum H4 | Potential bullish breakoutEthereum (ETH/USD) is rising towards a potential breakout level and could make a bullish continuation towards our take-profit target.
Entry: 3,653.08
Why we like it:
There is a potential breakout level ( wait for 1-hour candle to close above 3,653.08 for breakout confirmation )
Stop Loss: 3,412.92
Why we like it:
There is an overlap support that sits under the 61.8% Fibonacci retracement level
Take Profit: 3,900.44
Why we like it:
There is an overlap resistance that aligns close to the 78.6% Fibonacci retracement level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Ethereum Primed for a Bullish SurgeEthereum Primed for a Bullish Surge: Anticipating a Price Breakout to $3,400
As the cryptocurrency market experiences heightened volatility, Ethereum (ETH) enthusiasts and traders are closely monitoring a key resistance level that could pave the way for a substantial bullish breakout. Current market sentiment suggests a bullish trend, prompting many to consider opening long positions in anticipation of ETH reaching $3,400.
Ethereum CME Futures Gap UpEthereum CME Futures testing Gap Up Support Resistance levels.
Also Fibonacci 55% Retracement Level , First Touch Price Rejection.
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Always do your own research and consult with a licensed investment professional before investing.
Ethereum still bullishEthereum trajectory is bullish within an ascending channel, consistently forming higher highs and higher lows. The 0.5 Fibonacci level has proven to be a robust support zone, with price action rebounding from this area multiple times, indicative of strong buyer interest. Market Cipher B's green dots below the momentum line hint at sustained bullish momentum. As Ethereum approaches the channel's upper boundary near point (E), potential resistance looms between $3080 and $3120. Should the price get rejected at this upper boundary, the 0.5 Fibonacci level around $2988 is likely to be retested. A definitive break above the channel could pave the way to test further resistance levels, while any pullback should be closely monitored for volume confirmation to maintain the bullish outlook.
Ethereum in a smaller time frame of one hourEthereum in a smaller time frame of one hour
We have an ascending channel
A shorter-term downtrend line has been broken with an acceptable candlestick
The downward trend line on the RSI indicator has also been broken
Both at the current point and at the bottom of the above ascending channel, by seeing the confirmation candle, one can imagine a long position.
Check with your technical knowledge
be profitable
Ethereum H1 | Approaching pullback supportEthereum (ETH/USD) is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target.
Entry: 2,738.23
Why we like it:
There is a pullback support that aligns close to the 23.6% Fibonacci retracement level
Stop Loss: 2,680.96
Why we like it:
There is a pullback support that aligns close to the 38.2% Fibonacci retracement level
Take Profit: 2,826.77
Why we like it:
There is a pullback resistance level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Ethereum in the 4-hour time frame Ethereum in the 4-hour time frame
According to the chart, the support floor in the range of 2122 to 2147 dollars has worked well and currently, according to the upward trend of the RSI indicator, we can hope for the growth of the price up to the 200-day simple moving average line.
Good luck.
Ethereum in 4 hour time frameEthereum in 4 hour time frame
According to the chart, we can see the beautiful reaction of the price to the 200-day simple moving average line. If the current candle closes in the same way and below the 200-day moving line, we can hope for the proposed position.
This purchase offer and. or not for sale.
Please check according to your own analysis.
Good luck.
Ethereum H4 | Overhead pressures remainEthereum (ETH/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop towards our take-profit target.
Entry: 2,262.59
Why we like it:
There is an overlap resistance level
Stop Loss: 2,343.71
Why we like it:
There is an overlap resistance that sits above the 23.6% Fibonacci retracement level
Take Profit: 2,136.64
Why we like it:
There is a multi-swing-low support level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Ethereum H4 | Bullish bounce off 50% FiboEthereum (ETH/USD) has just reacted off an overlap support and could potentially climb higher towards our take profit target.
Entry: 2,446.97
Why we like it:
There is an overlap support that aligns with the 50.0% Fibonacci retracement level
Stop Loss: 2,375.82
Why we like it:
There is a pullback support that aligns with the 61.8% Fibonacci retracement level
Take Profit: 2,612.46
Why we like it:
There is a pullback resistance level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Ethereum H4 | Bullish bounce off 38.2% FiboEthereum (ETH/USD) has just reacted off a pullback support and could potentially climb higher towards our take profit target.
Entry: 2,502.56
Why we like it:
There is a pullback support that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 2,447.39
Why we like it:
There is a pullback support that aligns with the 50.0% Fibonacci retracement level
Take Profit: 2,672.72
Why we like it:
There is a pullback resistance level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Ethereum H4 | Potential bullish bounceEthereum (ETH/USD) could fall towards an overlap support and potentially bounce off this level to rise towards our take-profit target.
Entry: 2,340.67
Why we like it:
There is an overlap support level
Stop Loss: 2,2262.59
Why we like it:
There is a pullback support level
Take Profit: 2,446.97
Why we like it:
There is a swing-high resistance that aligns with the 161.8% Fibonacci extension level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Ethereum H4 | Falling to overlap supportEthereum (ETH/USD) is falling towards an overlap support and could potentially bounce off this level to rise towards our take-profit target.
Entry: 2,132.75
Why we like it:
There is an overlap support that aligns with the 100.0% Fibonacci projection level
Stop Loss: 2,072.10
Why we like it:
There is an overlap support that sits under the 127.2% Fibonacci extension level
Take Profit: 2,273.40
Why we like it:
There is a pullback resistance level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Ethereum H4 | Approaching resistanceEthereum (ETH/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower towards our take profit target.
Entry: 2,244.42
Why we like it:
There is a pullback resistance level
Stop Loss: 2,321.90
Why we like it:
There is an overlap resistance level
Take Profit: 2,136.74
Why we like it:
There is a pullback support level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
ETHEREUM targeting 2850. Watch the 1d MA50.Ethereum dipped near the 1d MA50. It is on a Channel Up and if the 1d MA50 holds, the uptrend will be extended.
Even if it doesn't hold, we can still see the 1d MA200 supporting or even the 0.5 Fibonacci. That is what happened on the March 10 low.
Those are the two buy entries currently on this pattern. The target is the 1.382 Fibonacci extension (this is where the April 16 high peaked).
Target 2850.
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Ethereum Is Pointing Higher For Wave 5 or 3Ethereum is coming nicely higher as expected based on Elliott wave theory and it's now even extending the rally on the news that Blackrock Ethereum ETF plan is confirmed in the Nasdaq filing. On a daily chart, there's a chance it's trading in wave (5) of a potential leading diagonal formation or alternatively maybe even in wave (3) if we see a decisive break above upper leading diagonal line. However, in both cases there's still room at least up to 2200 - 2300 area to complete a five-wave bullish cycle in the 4-hour chart, so more gains can be seen, just be aware of short-term pullbacks.
Ethereum Bearish view Ethereum is currently trading around $1,700 and has struggled to break the $1,900 Fibonacci level. This resistance suggests a bearish outlook. If the trend continues, we might see Ethereum revisiting the $1,200 range and even testing support below the Fibonacci level. Traders should remain cautious and monitor critical support and resistance zones closely. #CryptoAnalysis #Ethereum #ETHPrice