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3X Short Ethereum Token / USD Tether

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ETHBEARUSDT trade ideas

$ETH Is This the Perfect Entry Point or a Trap?BINANCE:ETHUSDT.P On the chart we can see that the correction I mentioned earlier is underway. The price is now at the Fibonacci level, which could be the reversal point of this movement. Also, the price may go a little lower to gain more volume at the support level. After that a longing pattern will be formed. And the movement will continue towards the strong resistance level and there will be a final denouement. If the price is able to break the resistance level, we will go to take a take, if not, we will have to move the stop. Entry data: Entry: 2580 SL: 2468 TP: 2952
Long
by DirectorTradinga
1
ETHUSDT.1Dreviewing the ETH/USDT daily chart, I can identify several critical aspects of Ethereum's price action that are essential for forming a trading strategy. Key Observations: Resistance Levels: The chart shows several distinct resistance levels. The immediate resistance is marked at 'R1' ($2,836.60), followed by 'R2' ($3,034.20) and 'R3' ($3,565.20). These levels have historically acted as barriers where the price faced significant sell-offs. Support Levels: 'S1' at $2,472.28 serves as the nearest support level, offering a potential bounce zone if the current uptrend retraces. Below this, 'S2' at $2,101.09 provides a deeper support level which could be critical in the event of a larger market downturn. Current Price Trend: Ethereum is showing an upward trajectory within a rising channel, suggesting a bullish outlook in the near term. Technical Indicators: Stochastic RSI: Currently in the neutral zone, indicating that there is neither an overbought nor oversold condition, which typically provides room for the price to move in either direction without immediate pressure from RSI extremes. MACD: The MACD line is below the signal line but the gap is closing, indicating potential bullish momentum building up. This could signal an upcoming positive crossover if the trend continues. Strategic Approach: Given the current setup and Ethereum's price approaching 'R1', my strategy would focus on monitoring for a strong break and close above this resistance level. A confirmed breakout could potentially target 'R2', offering a lucrative trading opportunity. Should the price fail to break 'R1' and shows signs of reversal, I would consider 'S1' as a critical level for potential buy orders, assuming the MACD supports continued bullish sentiment. A fall below 'S1' would necessitate reassessment, possibly adjusting to a more defensive position, preparing for tests of 'S2'. Conclusion: Ethereum is currently in a phase that hints at bullish potential, but approaching significant resistance at 'R1'. Observing volume, MACD developments, and price action near this resistance will be crucial in determining the strength of the ongoing momentum. Should a breakout occur, the subsequent resistance levels provide clear targets for taking profits and reassessing positions. Conversely, a retreat from these levels would highlight the importance of the identified support zones. As always, maintaining a balanced view with rigorous risk management is essential to navigating these potential scenarios effectively.
Long
by MarsSignals
1
For altcoins to follow the rise of BTC, ETH needs to rise Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (BTC.D 1M chart) In order for altcoins to show an upward trend, BTC dominance must be in a downward trend. Otherwise, altcoins are likely to fail to follow the movement of BTC and gradually move sideways or show a downward trend. You should not judge the market movement solely based on the rise or fall of BTC dominance. At least you should look at it together with the USDT dominance chart. You can tell to some extent whether the coin market price is rising or falling by looking at whether USDT dominance is falling or rising. To summarize the above, - BTC dominance rises: Funds are concentrated toward BTC - BTC dominance falls: Funds are concentrated toward altcoins - USDT dominance rises: Coin market is likely to show a downward trend - USDT dominance falls: Coin market is likely to show an upward trend -------------------------------------------- (ETHUSDT 1D chart) In any case, ETH is the coin with the largest market cap among non-BTC coins. Therefore, it is likely that BTC dominance will show a downward trend only when ETH starts to rise. - Currently, ETH is stuck in the box range (2273.58-2706.15). The M-Signal indicator on the 1M, 1W chart is showing a convergence as it passes near the 2666.70-2706.15 section. Therefore, if the price rises above the 2666.70-2706.15 section and maintains, ETH is expected to form an upward trend. Therefore, whether it can break through the 2666.70-2706.15 section upward is the key. - If the price maintains above 2706.15, it is expected to rise to around 3265.0-3321.30 and determine the trend again. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
1
ETH Symmetrical Triangle Breakout Could Ignite Rally to $3,500ETH/USDT is currently attempting to break out of a symmetrical triangle on the daily chart, a pattern that typically represents a period of consolidation before a strong directional move. The price has been coiling between a horizontal resistance zone around $2,750 and a rising support trendline, building tension for a potential breakout. Currently priced at $2,628.72, Ethereum has gained over 6% today, showing signs of upward momentum. If this breakout occurs, it could confirm a continuation of the broader bullish trend, with the next target for Ethereum sitting around $3,500. From a technical perspective, symmetrical triangles are considered neutral patterns, but the current market conditions suggest a bullish breakout is more likely. The increasing volume and positive price action leading up to the resistance level are bullish indicators. If Ethereum clears the $2,750-$2,800 range convincingly, the measured move from the height of the triangle suggests a potential upside target of $3,500. However, failure to break could lead to further consolidation within the pattern, and traders should watch for a decisive move above resistance before entering long positions. Overall, the breakout scenario presents a favorable risk-reward setup for bulls aiming for $3,500 in the short to medium term.
Long
by GreenCryptoTrades
$ETH Long Setup Bull Run open $2,700 to $4,000 see on chartWhy is Ethereum's price not surging? Will ever ETH price ever reach $3000 this quarter? Ethereum traders seem to be seeking an answer to the above as the Ethereum price is constantly failing to rise above $2,800. Now that the BTC price is approaching its highs, the second-largest token was expected to follow the trend as it usually did. Unfortunately, the price remains stuck within a range with fewer possibilities of breathing above the resistance. The current trade setup suggests the trader's attention has shifted away from the token as the bulls are failing to clear the resistance regardless of a substantial increase in the volume. One of the major reasons for the sluggish trend is the drop in spot trading activity. As per the recent update, Ethereum recently experienced a notable transformation, with over $750 million worth of ETH withdrawn from the major exchanges in just a week. This trend suggests that many investors are opting for long-term holding rather than selling their assets. Having said that, here’s what to expect from the ETH price for the rest of 2024. The weekly chart of the ETH price suggests the token is consolidating heavily within a narrow range, along the support of the rising parallel channel. Besides, when the price appears to be heading towards the end of the consolidation, the Ichimoku cloud has flipped into a bearish trend. This may send bearish waves across the markets but the MACD suggests a drop in selling pressure. Moreover, the levels are heading towards a bullish crossover, hence suggesting an extension of a consolidated phase. The Ethereum price, which formed a new ATH along with Bitcoin in 2021 and also in early 2024, appears to have failed to gain the required momentum. However, the liquidity flow from Bitcoin usually flows into ETH and hence the token is believed to demonstrate huge moves only after the star crypto marks new highs.
Long
by SUBROOFFICIAL
2
$ETH Long Setup Bull Run open $2,700 to $4,000 see on chart.CRYPTOCAP:ETH Long Setup Bull Run open $2,700 to $4,000 see on chart. Why is Ethereum's price not surging? Will ever ETH price ever reach $3000 this quarter? Ethereum traders seem to be seeking an answer to the above as the Ethereum price is constantly failing to rise above $2,800. Now that the BTC price is approaching its highs, the second-largest token was expected to follow the trend as it usually did. Unfortunately, the price remains stuck within a range with fewer possibilities of breathing above the resistance. The current trade setup suggests the trader's attention has shifted away from the token as the bulls are failing to clear the resistance regardless of a substantial increase in the volume. One of the major reasons for the sluggish trend is the drop in spot trading activity. As per the recent update, Ethereum recently experienced a notable transformation, with over $750 million worth of ETH withdrawn from the major exchanges in just a week. This trend suggests that many investors are opting for long-term holding rather than selling their assets. Having said that, here’s what to expect from the ETH price for the rest of 2024. The weekly chart of the ETH price suggests the token is consolidating heavily within a narrow range, along the support of the rising parallel channel. Besides, when the price appears to be heading towards the end of the consolidation, the Ichimoku cloud has flipped into a bearish trend. This may send bearish waves across the markets but the MACD suggests a drop in selling pressure. Moreover, the levels are heading towards a bullish crossover, hence suggesting an extension of a consolidated phase. The Ethereum price, which formed a new ATH along with Bitcoin in 2021 and also in early 2024, appears to have failed to gain the required momentum. However, the liquidity flow from Bitcoin usually flows into ETH and hence the token is believed to demonstrate huge moves only after the star crypto marks new highs.
Long
by SUBROOFFICIAL
1
Thesis ETH AIEthereum (ETH), the current market conditions present a favorable environment for short-term trading opportunities. The analysis is conducted every 14 hours, allowing for dynamic adjustments to trading strategies to optimize profits and minimize losses. The recent bullish momentum, combined with technical indicators and market sentiment, suggests potential opportunities for scalping. Data Analysis Open Interest: Steadily increasing over the past 8 hours, indicating growing market participation. Weighted Funding Rate: Currently positive, suggesting a bullish sentiment among futures traders. Liquidation Levels: Critical around the $68,000 mark, where significant liquidations could occur if the price reverses sharply. Analysis: The increasing open interest and positive funding rate support the bullish sentiment observed in the market, while low liquidation levels provide a cushion against sudden price drops. Binance Data Trading Volume: Robust over the last 24 hours, with a notable increase in buy orders. Market Sentiment: Leaning towards bullish, with many analysts predicting a potential breakout above the $72,000 level if current trends continue. Expert Consultations: key support levels at $2,620 and resistance at $2,700, suggesting potential breakout opportunities. Analysis: The consensus among experts emphasizes monitoring key resistance and support levels and considering long positions as ETH approaches these levels. CoinMarketCap Data Circulating Supply: Approximately 1 billion ETH tokens. Market Capitalization: Approximately $320 billion. 24-Hour Trading Volume: 131,690 ETH, indicating strong trading activity. Analysis: The robust trading volume and stable market capitalization support the bullish outlook for ETH, as increased trading often correlates with price movements. Sentiment Analysis Sentiment Score: 75%, indicating a predominantly bullish sentiment towards Ethereum. Top Crypto Sentiments: "Bullish" and "Buy". Implications: Aligns with technical indicators and expert predictions, reinforcing a positive outlook for ETH. Technical Analysis RSI (Relative Strength Index) Value: 66.3100 on the daily chart. Interpretation: Indicates overbought conditions but remains below the critical threshold, suggesting potential for upward movement with caution. MACD (Moving Average Convergence Divergence) Status: Positive, indicating a bullish crossover. Interpretation: Supports the idea of upward momentum. Stochastic Indicators Status: Favorable, suggesting potential bullish momentum. Moving Averages MA20: $2,673.8700 Price Position: Above the 20-day and 50-day moving averages, reinforcing the bullish trend. Support/Resistance Levels Support: $2,620 Resistance: $2,700 Bollinger Bands Current Position: Approaching the upper band at $71,452.91. Implications: A breakout above this level could lead to further gains, while failure to break could result in consolidation or pullback. Analysis: The RSI indicates strong upward momentum but suggests caution as it nears overbought territory. The bullish MACD crossover aligns with positive momentum. Price positioning above key moving averages suggests the continuation of the uptrend. Resistance levels at $2,700 are critical points for potential profit-taking and trend confirmation. Summary The current market conditions for Ethereum (ETH) indicate a bullish trend supported by increasing open interest, positive funding rates, and optimistic market sentiment. Technical indicators across multiple timeframes suggest potential upward momentum, with key resistance levels at $2,700 and support levels at $2,620. The significant trading volume and positive sentiment from both analysts and retail investors reinforce the potential for short-term gains through intraday scalping strategies. However, caution is advised as the RSI approaches overbought levels, which could lead to a pullback or consolidation. Trade Recommendation Outcome: OPEN_LONG Confidence Level: 85% Current Price: $2,673.8700 Stop Loss: $2,640 Take Profit: $2,720 Exit Point: $2,710 Entry Criteria RSI: Below 70 indicates potential upward movement. Price Position: Above MA10 suggests continuation of the trend. MACD: Positive crossover supports bullish momentum. Current Indicators: RSI: 66.3100 MACD: Positive MA20: $2,673.8700 Action Plan Monitor the Price Closely: Breakout Strategy: If Price Holds Above $2,620: Action: Consider opening a long position. Adjust Stop Loss: Tighten the STOP_LOSS to $2,640 as the price approaches resistance levels to minimize potential losses. Take Profit Strategy: As Price Approaches $2,720: Action: Consider taking profits. Adjust Exit Point: Move the EXIT_POINT to $2,710 to secure profits. Risk Management: Set Stop Loss at $2,640 to limit potential losses. Take Profit at $2,720 to capitalize on expected price movement. Exit Point at $2,710 as an intermediate target. Be Prepared to Act: If RSI Falls Below 50: Action: Indicate a potential reversal; consider taking profits or adjusting positions accordingly. Monitor Market Sentiment: Stay informed about any changes in market sentiment or technical signals that could impact the trade outcome. Assumptions/Limitations This analysis is based on current market conditions and available data. Rapid market changes may affect the accuracy of predictions. Always consider personal risk tolerance and market volatility when trading.
Long
by titankarma
1
Nobody Told Ethereum Bitcoin Was Hitting A New ATH?Is this it? Is the high in? I know you already know what I think but I just wanted to share the joke, the joke in the title... Nobody told ETH what Bitcoin is doing? Hello... It seems Ethereum has been left behind. You know, something similar happened in 2021... The double-top in November was not matched by the entire market. Only a portion of the market went on to produce a strong double-top or higher high together with Bitcoin. Most of the Altcoins peaked in early 2021 and never looked back. So this is not new. Bitcoin went ahead and hit a new ATH recently while the rest of the market is nowhere to be found. The similarities to 2021 are appalling. We are assuming that the ensuing correction will be fast and short-lived, but this is just an assumption. Who knows how things will really develop. With the threat of war, socio-political instability, financial chaos and the rest, anything goes. We are living in some really interesting times... Can't wait to see the results. Ethereum can move higher but first, it needs to close weekly above $2,800-$2,900 or else it is more of the same, consolidation within a bearish flag. If it can move and stay above $2,800-$2,900, this activates bullish potential. Anything lower and there is nothing to expect from this chart, other than another major drop. I'll see you on the other side. Some of the 3X Short pairs on KuCoin just shot up ~9,000,000%. Is someone predicting another leg down? I don't know about predictions but they are betting down. The timing is revealing. Namaste.
by AlanSantana
7
ETH UpdateETH followed my analysis perfectly as planned & we got 10% recovery since last update Now price is getting close to finish this wave of movement and begin the next. But we have to wait and see where and how this movement will start. If and when price finishes the yellow path, then we have to see whether we can get a new pump in the market or the correction will continue? You should not take this analysis a green light for opening short positions because the zones are not very fresh
by qude17
The upcoming period may be a bit painful.First of all, I should state that I expect Bitcoin dominance to rise to the 60%-62% range and Bitcoin usually falls in september. If Bitcoin will fall and at the same time its dominance will rise that's means we may see a strong downtrend in altcoins. Ethereum has completed its Elliot 5 wave pattern from the bottom and and still in the correction waves. And I think a second wave Elliott correction is needed in the longer term uptrend. Afterwards, I think 2025 could be a very good year the market and there might be a chance to sell at good prices in 2026. * What i share here is not an investment advice. Please do your own research before investing in any digital asset. * Never take my personal opinions as investment advice, you may lose all your money.
by traderisso
1