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USDTETH trade ideas

Golden Opportunity for Longing.Based on the historical market, the bitcoin halving event would followed with a significant price growth of the crypto assets, which matches the current market status. Thus, a bull market are expected in the next one and a half year. As for the sentiment analysis, the current funding rate in bitcoin perpetual market are maintaining a slight negativity in the past 2 weeks, that indicate a stronger short bias in the general market. And the open interests drops up to 20~30% from its all time high, in which alt coin market drops even further, for instance open interest of dogecoin dramatically drops 60% up to todays date. Therefore, its treated as a cooling off of the bull hype in first quarter of 2024, which viable long opportunities are provided. Above statement convey that a definite bull market are expected from now to the coming 2025, and current the market sentiment are expecting a strong short bias, which given a much higher liquidity for accumulation. Therefore technical analysis can be deploy to identify longs opportunity. Technical specking, by using the vegas tunnel system in combined with a retracement type of price entries, the current mark prices of ETH is matching the condition for a high risk reward ratio and a high winning possibility trade. And a much wider growth space in compare to the bitcoin market. Personal fund deployment will be 50% of my total fund in with a 2x leverage utilities. This is not a financial advice, trader should align with owns trading plan which present owns reponsibility.
Long
by Waterman813
1
ETHUSDT, Important update leaksWelcome, Trader. Welcome to our cryptocurrency community! 🚀We are delighted to welcome you, whether you are an experienced trader or a newcomer to cryptocurrency. We are ready to discuss #ETHUSDT💹. #ETHUSDT 🔥🚀. Update: Time frame: 8hr ➡️ ETHUSDT created a symmetrical triangle pattern and break it towards upside. ➡️ Breakout confirmation is done successfully. ➡️ Waiting for a retest confirmation. ➡️ We anticipate approximately 15% for the soon. 👉✅.
Long
by CryptoAnalystHub
1
✨ ETHEREUM TA AND EDITORS PICK!✨✨ Hey hey! Thanks for joining me! Crazy to think we're here and all today. I'm happy I was able to make a post on Ethereum's ETF being greenlit and so honored that I was picked by Tradingview for the Editor's picks. 3 years I've been here and I'm so grateful to each and every single one of you guys. Took 3 years to get one but it feels well worth and I owe it to all of you. Thanks so much. 🙏 ✨ Gonna try and keep this short, I'm sure you all have a lot going on so let's follow up on things. To start us off we've got a chart from yesterday's idea for reference in which we added that ascending channel and spoke on a few subjects including the possibility of a reversal or retracement following the impulse wave up. ✨ So we've got that chart from yesterday's and now here's today's chart with a 15 minute approach for better depth, analysis. ✨ Understandably, we had this battle for support and Ethereum ended up losing a bit of ground once those 20/50 EMA's started flipping, but once we lost the ascending channel and started to exit, traders notably took profits and closed a lot of positions. That's fair though, you see it lose the channel and you don't really know how far things can dip but in this case we've managed to keep above $3,630 and avoid anything too significant, at least for now. ✨ What matters now is who wins this tug of war. Bears and Bulls are notably gonna be fighting as we're sitting in this crossroad with the 20,50 and 200 EMA. If we lose that 200 EMA chances are good that we'll slip back down and have to retest the two support points we've already hit which are labeled in blue. ✨ So we've got that fight on the local timeframe at least, bears want us to lose the 200 EMA and bulls should aim to regain it as well as push to break back into the ascending channel though being that we've not lost it, we should now consider that bottom line of the channel to be resistance should we pull back up there for future reference. ✨ If we end up getting the worst case scenario and we do lose that 200 EMA on the 15 and 30 minute timeframe then we could be facing a drop and possibly retest $3,500. It's been a while since we've been up here so here's a big picture with 3 horizontal levels from past times we we're here, use those 3 levels and feel free to add them, if we should fall thse could be the support points we see. ✨ So basically if we end up getting some sort of flash drop or reversing then look to the 3 points in the chart for reference, hope that helps! ✨ Said this idea would be short and it is, I'll be posting more later so make sure to keep tuned and thanks again, I appreciate all the support, the likes, the follows, the shares, you guys have been nothing short of supportive, thanks for everything! Keep tuned for more till next. ~ Rock '
by Rocksorgate
1
ETH Market Update and Key Support LevelsCurrent Situation: Recent Price Action: ETH saw a massive wick yesterday, flushing out most longs that jumped in after the 20th of May. ETF News: The ETF news is bullish for crypto as a whole, but historically, such news has led to a temporary price drop. Historical Context: Past ETF Approval: Previous ETF approvals have resulted in a 20% dump on BTC and ETH, lasting around 10 to 12 days before prices began to gain traction again. Key Support Levels to Watch: $3,500: Major support level where buyers are likely to step in. $3,300: Another critical support level that could mark the bottom. $3,200: Strong support level, potentially marking the end of the correction. Strategy: Monitor Support Levels: Keep an eye on these support levels ($3,500, $3,300, and $3,200) as they may provide good entry points for long trades. Be Patient: Given the historical pattern, there might be a temporary dip before the market gains traction again. Risk Management: Set tight stop losses just below these support levels to manage downside risk effectively. Summary: ETH is experiencing a temporary pullback likely influenced by the recent ETF news. Key support levels at $3,500, $3,300, and $3,200 should be monitored closely as potential entry points for long trades. Historical patterns suggest a possible 10 to 12-day dip before the market resumes its upward trajectory.
by Richtv_official
1
ETH ETFs approved = sell the newsGuys I know what you're thinking which is probably "yeeeeah, ETH ETFs are finally approved, ETH to the moon" but as I said back when BTC ETFs got approved, this won't be the case, at least not right away! I expect a "sell the news" event because this is just another news after all! As you can see here (circled drop), the days who followed BTC approval price dropped around 17%, probably in this case it could be more. I suggest not to touch ETH now until the euphoric moment disappears and we see where we are headed. Good luck
Short
by Shotokhan
1
ETHEREUM ETF With the Ethereum ETF decision just days away, ETH has made a massive breakout play in an effort to front run a positive ETF outcome, the approval of VanEck and ArkInvest/ 21Shares ETH ETFs on the 23rd & 24th May respectively. In terms of price action and charting this is how I see it. Now that price has broken out from the downtrend and hit the Bearish OB as shown, I think many were caught of guard and expected any sort of volatility to come on the day of the decisions. Instead it seems many have decided to front run the decision and go long which opens up more challenges. I think ETH had priced in a rejection of the ETF at ~£3K , with how the SEC has viewed ETH and it's stance on insisting it's a security, Coinbase estimated a 30-40% chance of an approval last weekend. Now that price has risen almost as if we already have news of approval I think that should the ETF be denied we could fall straight back down to $3K area with support areas shown as targets on the chart. This would print a Bart Simpson style pattern and many Longs will be devastated. On the other hand, Bloomberg have said that the chances of approval has gone from 25% to 75% and the chart shows this new level of optimism. If the ETF is approved I could see ETH using this current level as a base to target new local highs and close the gap on BTC dominance.
by ProR35