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ETHUPUSDT trade ideas

Ethereum (ETH) Price Technical Analysis - 2024Ethereum "ETH" candles have rebounded off $2,030 multiple times, which acts as a very strong support line. The ($3,050) mark has also acted as a solid line of support recently. Which has also bounced off back from November 18th and broke above the ($3,225) resistance on November 21st, indicating that the bulls are trying to take charge. Bulls will retest the ($4,860) zone with momentum once again; if bulls succeed, then ETH will likely see a possible surge to break above the All-Time High of $4,868 going back from 2021. Another perspective from the chart above will be decided in the near short term if the price turns down and breaks below ($3,000). The price may drop to $2,750, which is an important level for the bulls to defend against the bears.
Long
by Bitcoin_Benny
Comprehensive Analysis of ETH/USDT: Key Levels and MomentumEthereum (ETH/USDT) shows multiple signals supporting a bullish trajectory, with several technical patterns aligning to bolster future price action. The focus remains on critical levels and diverse technical structures that work together to guide market movement. Integrated Technical Patterns: Symmetrical Triangle: The price is trading within a symmetrical triangle, signaling a consolidation phase before a potential strong move. Key Levels: Resistance at $3,442.50. Support at $3,069 - $3,220. Breakout Scenario: Breaking above resistance could drive the price toward $3,500 - $3,600 initially, then $3,800 - $4,000. Cup and Handle: The price is forming a "cup," with the "handle" shaping near resistance. Pattern Confirmation: A breakout above $3,442.50 validates the cup and handle. Projected Target: Levels around $3,800 - $4,000. Inverse Head and Shoulders: This pattern is visible with: A head forming the deepest low. Two symmetrical shoulders on either side. Neckline: Resistance at $3,220 - $3,442.50. Pattern Confirmation: A breakout above the neckline could push the price toward $3,600 - $3,800. Target: Measured by the distance between the head and neckline added to the breakout point. Bullish Flag: After a strong upward move, the price is consolidating in a tight descending channel, indicating a bullish flag. Pattern Confirmation: Breaking resistance at $3,442.50 confirms the flag. Projected Target: Levels around $3,600 - $3,800, matching the length of the preceding move. Updated Support and Resistance Levels: Support: $3,069 - $3,220: Strong support at the lower boundary of the triangle. $2,962 - $2,817: Critical support zone for short-term buyers. $2,784: A key short-term support level. $2,650 - $2,700: A deeper support zone that has previously attracted strong buying interest. $2,500 - $2,550: A historical support level that provides stability during significant pullbacks. $2,150 - $2,200: A long-term support zone. $2,000: A psychological level that may act as the final defense in a steep bearish scenario. Resistance: $3,442.50: Current resistance and the key to any bullish continuation. $3,500 - $3,600: A short-term target after a confirmed breakout. $3,800 - $4,000: A medium-term target derived from technical patterns. Liquidity and Momentum Analysis: Liquidity: The price recently swept liquidity below $2,800, supporting the current bullish momentum. The next significant liquidity pool lies above $3,442.50, making this level a critical point for institutional buying. Momentum Indicators: MACD: Indicates positive momentum but shows some slowing, suggesting a possible consolidation before the next move. RSI: Near overbought levels, which could lead to a minor correction before further upward movement. Potential Scenarios: Bullish Scenario: Key Trigger: Breaking above $3,442.50 with strong volume. Targets: $3,500 - $3,600 as the first target. $3,800 - $4,000 as the medium-term goal. Bearish Scenario: Key Trigger: A breakdown below $3,069. Targets: $2,962 - $2,817 as the first support zone. $2,784 as a secondary short-term support. $2,650 - $2,700 for deeper pullbacks. $2,500 - $2,550 for significant corrections. If selling pressure intensifies, the price may test $2,150 - $2,200 or even the psychological level of $2,000, which could act as the last line of defense before stabilization. Conclusion: Ethereum exhibits strong technical signals with multiple patterns, such as the symmetrical triangle, cup and handle, inverse head and shoulders, and bullish flag, all supporting an upward breakout if $3,442.50 is breached. A successful breakout could drive the price toward $3,500, $3,800, or higher. On the other hand, failure to maintain critical support levels could lead to deeper corrections, starting with $3,069, progressing to $2,817, and potentially extending to $2,500. If bearish pressure persists, levels around $2,200 and $2,000 could come into play as strong psychological supports.
Long
by abulyan
ETHUSDT.1DAs I examine the ETH/USDT daily chart, Ethereum is currently trading at 3,125.75, showing bullish momentum after breaking out from a descending trendline. This breakout signals the potential for further upward movement, especially if the price sustains its position above key support levels. The immediate resistance lies at R1 (3,565.20), a crucial level that could test the strength of this bullish trend. A successful breakout above R1 could propel Ethereum toward the next major resistance at 4,093.92. However, failure to overcome R1 may result in a pullback, leading to a potential retest of key support levels. On the downside, the immediate support is at S1 (2,737.17), followed by S2 (2,472.28) and deeper support at S3 (2,101.09). These levels align with a broader ascending trendline, which indicates that the overall structure remains bullish as long as the price respects these supports. The MACD (12, 26) indicator is currently in positive territory, with the MACD line above the signal line, signaling bullish momentum. The histogram is also expanding, confirming the strength of the recent upward move. Additionally, the RSI (14) is at 65.44, approaching overbought territory. While this suggests strong momentum, it also signals caution, as the market might consolidate or retrace to neutralize overbought conditions. The broader trend is supported by the breakout from the descending triangle pattern, which has provided a bullish bias. However, the reaction to R1 will be critical in determining whether Ethereum continues its upward trajectory or temporarily retraces to gather further strength. In conclusion, my outlook for ETH/USDT is cautiously optimistic. A breakout above R1 would confirm the continuation of the bullish trend, targeting 4,093.92 or higher. On the other hand, a pullback to S1 or S2 could offer opportunities for accumulation, provided the overall bullish structure remains intact. I will monitor the price action closely around R1 and the RSI to anticipate the next significant move.
Long
by MarsSignals
ETHEREUM - 1H Elliott Wave AnalysisGreetings, this is my primary ETH scenario. We consider that blue Wave 4 has been finished with a WXY correction and we are starting a move up in blue Wave 5 now. The first targets for the move up are the 1.236 FIB at 3551 USD, the 1.38 FIB at 3632 USD and the 1.618 FIB at 3716 USD relative to the current blue Wave 4. If we measure the targets for blue Wave 5 using blue Wave 1 we get the 1 to 1 extension at 3681 USD which is close to the previously mentioned target at 3716 USD. Further extensions for blue Wave 5 would be the 1.236 FIB at 3841 USD, the 1.38 FIB at 3939 USD and the 1.618 FIB at 4100 USD. Noteworthy is that the 1.618 FIB extension at 4100 USD is right above the previous ATH at 4098 USD. Be aware that we could get a deeper blue Wave 4 if the WXY correction was only Wave A of a bigger ABC correction marked in orange here. A break below 2800 USD would indicate a reset of Wave 4 of a bigger Wave degree and could lead to a retest of the Trendline at the bottom. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro
#ETHUSDT: Three Major Targets Zones, Final Target at $4500 The current price action suggests that the asset is consolidating within a range of $2100 and $2500. This accumulation phase appears to be nearing its conclusion, indicating a potential shift in market sentiment. Based on technical analysis and market observations, we anticipate a strong bullish price distribution that could propel the asset to an all-time high. A strategic entry point at $2500 presents an opportunity for a significant swing buy trade. This entry level has the potential to drive the price towards its all-time high of $4500. To achieve this target, we have established three key milestones. The first target is the $3000 region, which we believe is within reach in the near term. The second target is $3800, which may require a longer timeframe due to the distance from the current price and the need for robust fundamental support. Finally, the ultimate target of $4500 is projected to take several months to materialize and may involve temporary corrections along the way. We extend our best wishes to all investors and traders. Your support through likes and comments on this analysis is greatly appreciated, as it motivates us to continue providing valuable insights and market analysis.
Long
by Setupsfx_
18
ETH - Targeting 3,500 but first...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 ETH is currently in a correction phase trading within the short-term channel in red. 📚 As it approaches the $2,800 zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
6