ETH - LOCAL AND GLOBAL (JULY, AUGUST)I assume that everything is fine with ETH and the level that we broke through should have been tested. We will hold on to it for some time, but globally I expect further growth.Longby Ichigoo_KurosakiUpdated 4
Ethereum has a strong bearish momentum, could it fall further?Price is rising towards the pivot and could potentially fall from this level to the overlap support. Pivot: 3,522.8 1st Support: 3,414.3 1st Resistance: 3,621.6 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.Shortby ICmarkets5
A Sneak Peek at This Week's Big Events (7/1-7/7)Bitcoin Investing Essentials This week is a big macro week, centred on Friday's U.S. unemployment and non-farm payrolls data, and the macro market, which has been dormant for days, is making a comeback, with important macro events on every working day. On the crypto, there is a high probability that the SEC will give a response to the ETH ETF this week. Quarterly delivery has just ended and IVs are low for all major terms, a good opportunity to open a position. 🌟 Heavyweight events this week: 7/1 Monday * 💼 US June ISM Manufacturing PMI 7/2 Tuesday * 💼 US June ISM Manufacturing PMI 💼 Fed Chair Powell, ECB President Lagarde and Brazilian Central Bank President Neto speak at the Central Bank Forum held at the ECB. 💼 The Reserve of Australia releases minutes of its June monetary policy meeting 7/3 Wednesday ** 💼 US ADP employment for June 💼 US initial jobless claims for the week 7/4 Thursday ** 💼 Fed releases minutes of its monetary policy meeting 💼 UK holds a general election 💼 ECB publishes minutes of June monetary policy meeting 💼 US SEC may approve Ether Spot ETF as early as today 7/5 Friday*** 💼 US unemployment rate for June 💼 US non-farm payrolls for June 📌 Crypto Market Outlook: The cryptocurrency market has had a rough month, with BTC and ETH spending most of the year in a shock decline since entering a correction in mid-March, with the crypto market being more subdued. Currently the overall IV is at a lower level, the margin released from the big quarterly delivery will gradually come back to the market, choose the lower IV at the right time and you can build a buy order. 📌 crypto interest rate market, Bitfinex interest rate market is relatively quiet, occasionally good interest rate orders, encounter the right interest rate orders can be actively traded.Longby Greeks_live0
ETH 20 weeks MA supported#ETH weekly closed with hammer alike candle at 20 weeks MA. no game if weekly closed below 20 weeks MA @ 3400-3300. likely to re-test $3980. DYODDLongby EL_STOCKTROOPER0
ETH/USDA bearish flag is a chart pattern used in technical analysis to identify potential downward trends in the price of an asset. It typically occurs in the context of a downtrend and signals that the asset's price may continue to decline after a brief consolidation period. Here are the key features of a bearish flag pattern: Flagpole: This is the initial sharp drop in the asset's price, which sets the stage for the pattern. It represents strong selling pressure. Flag: Following the flagpole, the price enters a consolidation phase, creating a small upward or sideways channel. This phase often appears as a parallelogram or rectangle, and it indicates a temporary pause in the downtrend. Breakout: The pattern is confirmed when the price breaks out of the consolidation phase in the direction of the prior trend, typically continuing the downward movement. This breakout is usually accompanied by an increase in trading volume. Shortby B9A-88652-NisarAhmad5
ETH Thoughts for Long Term Purchase EntryI've been watching this market unfold carefully and have been sitting in the sidelines in cash since $2800. The parallels to basically every bull trap post-bubble in all of crypto looks dead on to where we are at with the market. Not to mention overwhelming "to the moon" sentiment in all the ETH/Crypto subreddits. We still have yet to hit true capitulation and certainly not despair yet during this cycle. All the talk of super cycle / setting new highs sounds like peak euphoria/denial/NEW PARADIGM and thus I'm taking the trade against the herd. I'm going to begin entries at $1800, and will begin to DCA the rest of my position in as we poke around down in those lows. Purple is my buy zone in my chart, and I'm happy to buy anywhere in that region for a LONG TERM play. I'm looking to accumulate as much ETH as possible as I'm very bullish on it's future, and once my entries are in, all that coin will end up going into a self run staking node. If it goes below $1000, will really load the boat hard. Shortby chlorineUpdated 441
ETHUSD LONG 3370 SL & TP ON CHARTLooking to repeat the same trade taken a couple weeks ago, crypto likes to go green on the weekends this is due to there being no other markets available to trade & here we have ETH sat on a major support level 3370 if you look back couple weeks ago youll see the same position run successfully from this price level. I am expecting before market close today more blood come from the dollar as monthly profit taking incurs, 106.00 being a strong roof for the DXY a good level to have taken profits from. I would expect to see XAU & XAG & DOW gain before market close as well with crypto continuing to push over the weekend, however if gold & silver & Dow Jones fall hard before market close it may invalidate this trade. As this position has a very tight stop loss the risk is 0.5% R:R is 1:5 for this trade looking to make 2.5%Longby PGTradesUpdated 14
ETHEREUM - Buy Fear Part 2ETH Appears to be bottoming at the 1:0.618 Golden Window. Notice that there are no candle bodies below the 0.786 overshoot ratio on higher time frames such as the day chart here. Similar to other coins we are buying, we have the bullish pattern with bullish RSI on the 4 hour chart. ETH can be a great buy in this area because we still await phase 2 on the Path To Altseason where Bitcoin Dominance leads. Also can be a great one to hold if there is another dump as it may have limited downside compared to other lower ranked As I said, if there is another dump, ETH like many other coins will likely not go too much lower without a bounce. In that bearish scenario it may drop below the low a little, but not too much. But right here it looks good for a bounce and Bitcoin is also at a key Fibonacci band. So this is very good risk / reward here. Buy fear 👍. Not advice Longby dRends35Updated 3328
ETHUSD SELL ideaFriends let make money from ETHUSD SELL NOW Please your trade and ride with me, Enjoy the profit because it has touch the trend line , most likely to go sell off right nowShortby Olumine5
The latest signal analysis and trading advice!Hello, trader. The market fell further as we expected last week. During the economic data window, the market began to price in only one interest rate cut this year. This is not just for crypto market, but for all financial markets. This is likely to last until early July, before bulls come back and bring enthusiasm again. During this period, the PCE released this Friday will bring about a small rebound. In addition, multiple BTC ETFs have experienced net outflows for several consecutive days, which is also a microcosm of the US market sentiment. After some asset management companies submitted S-1 documents for the ETH ETF, the market expected that the ETH ETF would be officially listed in early July, which would also bring about a small-level rebound. Regardless, we are on the way to a rate cut, and the long-term trend for all types of financial assets must be upward. ETH fell less than BTC. This may be related to the upcoming listing of ETF ETH. Yesterday's decline saw significant trading volume, but eventually a pin-bar formed. For ETH, the MBF indicator does not indicate bottom-buying sentiment. There is no obvious blue column representing whales on the TSB indicator. The ME indicator continues to maintain a bullish trend, but the wavy area gradually narrows. To sum up, we believe that ETH is likely to remain fluctuating this week. We maintain our original resistance level 4000 and support level 2800. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. by Jason_TradersUpdated 1
ETHUSD morning updateBull count for ETHUSD. I see ETHUSD in wave 3 of (5) of ((3)). I'm looking for wave (5) to be extended, with an ideal target in the 8755.92-9398.47 range. I would expect this wave to complete late 2024-early 2025. I also expect the median line of the pitchfork to eventually be tagged. Wave ((4)) would pull back significantly but stay above peak of wave ((1)) at 4867.81. Bounces off .618 fib pulls included.by discobiscuit2
ETH longThese resistances are for flipping If it continues to dip I think ~3295 is a buy The altcoin market is looking rough but ETH feels strong right here (im already positioned though). The sentiment is pretty bad right now it sounds like a lot of people are stuck in bad alts. I could see that market staying dead while the majors take off (hopefully). Longby Alex-WeigelUpdated 113
ETH Price Stymied, Simple Trading PlansThe crypto market in June has fallen to early comfortable levels likely as a natural part within a long term up cycle. 1) Early demand areas exist below and above in near distance. Unlikely sentiment bias will knock you either way until something occurs. 2) Sentiment is tentative with some crypto demand being taken out by elevated bond yields and just as a wider crypto market effect. Would I buy? Lower down. Not interested in shorts. by WillSebastian4
Just some thoughts First eth chart and I suck at charts. I guess what I'm seeing though is that it's squeezing towards the base line and as seen previously all rallies have had room to run and dip...within the overall cone we could be entering a big run. On the negative it could lose support and then we find a base under 2k for hard support. $7k cad incoming? I'm long and love itLongby Honkytime0
Incoming Ethereum Boom??The crypto market has been moving sideways since March 2024. This offers the optimal opportunity to add or build your crypto portfolios. Ethereum is currently in a down trend. The price range 2850.00 - 3000.00 is not only a key psychological level but also a price magnet for potential bullish momentum. Once price is in this range I will be adding to my positions. Good luck guys :)Longby TheForexMessiah4
Retracement possible back to 4,200 or recent ATHBased calculations; thousands of pips will hit the retrace about +1000 Recent ATH over +2000 pips Hits 10K or maybe 6K .. the pips are incredible high risk rewards. I ether take profit near 4,200 area or to the recent ATH before the huge sell offLongby JoyBoyVegae115
I think Telcoin is ready to explode here.I am buying telcoin (you can use uniswap) Very similar to Ethereum before it broke into new all time highs. Loving this setup! Stay profitable - Dalin AndersonLongby High_Altitude_Investing111
ETHUSD: MM and traders are preparing for growth to 4000-4800ETHEREUM is in the correction phase. A major player continues to collect a position in the expectation that after the formation of an intermediate bottom, around the area of 3250 - 3200, the price will start to recover. As there are several reasons for this: On July 2, the ETH-ETF is expected to be admitted to trading. The situation may repeat itself like in bitcoin, when the market maker, before a strong bull rally, dropped all the speculators he didn't need out of the market, allowing him to gather a huge position. The same could happen in ETH. The area of 3200 is the lower area of imbalance and before the subsequent growth the price may test it, gather liquidity and consolidate above the trend line support. Strategy: We are waiting for a false breakdown of one of the mentioned support zones with subsequent growth. Growth should be expected only after SEC admits the issuer to tradingLongby Gold-Tech113
ETHUSD LONGI am waiting for the price to trigger my entry and will go up to reach the supply zone in 1H TF. Trade at your own risk!Longby TraderSammy19982
ETHBTC May 28, 2024: A Bullish FlagAfter a 20% run up with the ETF approval on May 20, 2024, CRYPTO:ETHUSD started to form a bullish flag and moved out on May 28. The flag is above the rising MA-10. The move out provides a buy point here ($3900) with the $4700 target Longby longsonvnUpdated 2
Bearish drop?Ethereum (ETH/USD) is reacting off the pivot which acts as a pullback resistance and could fall to the 1st support. Pivot: 3,398.39 1st Support: 3,223.98 1st Resistance: 3,247.41 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.Shortby ICmarkets7
Ethereum is approaching a significant support areaHey Traders, in today's trading session we are monitoring ETHUSDT for a buying opportunity around 3,100 zone, Ethereum is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 3,100 support and resistance area. Trade safe, Joe.Longby JoeChampionUpdated 171755
Jun.19-Jun.25(ETH)Weekly market recapThe market fell further as we expected last week. During the economic data window, the market began to price in only one interest rate cut this year. This is not just for crypto market, but for all financial markets. This is likely to last until early July, before bulls come back and bring enthusiasm again. During this period, the PCE released this Friday will bring about a small rebound. In addition, multiple BTC ETFs have experienced net outflows for several consecutive days, which is also a microcosm of the US market sentiment. After some asset management companies submitted S-1 documents for the ETH ETF, the market expected that the ETH ETF would be officially listed in early July, which would also bring about a small-level rebound. Regardless, we are on the way to a rate cut, and the long-term trend for all types of financial assets must be upward. ETH fell less than BTC. This may be related to the upcoming listing of ETF ETH. Yesterday's decline saw significant trading volume, but eventually a pin-bar formed. For ETH, the MBF indicator does not indicate bottom-buying sentiment. There is no obvious blue column representing whales on the TSB indicator. The ME indicator continues to maintain a bullish trend, but the wavy area gradually narrows. To sum up, we believe that ETH is likely to remain fluctuating this week. We maintain our original resistance level 4000 and support level 2800. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives. by Sypool0