Ethereum, the world's second-largest cryptocurrency by market capitalization, is exhibiting signs of a potential breakout after a period of consolidation. Recent technical indicators, including a Simple Moving Average (SMA) crossover and price action hovering near a resistance level, suggest a bullish outlook for Ether (ETH).
Breaking Down the Bullish...
📊Analysis by AhmadArz:
🔍Entry: 3080
🛑Stop Loss: 3185
🎯Take Profit: 2986 -2859 -2736 -2622
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Ethereum Name Service (ENS) is a decentralized naming system on the Ethereum blockchain, converting human-readable names like john.eth into machine-readable Ethereum addresses. It also allows the reverse, associating metadata and machine-readable addresses with human-readable Ethereum names.
I believe that the macro price action on ENS targets a new all time...
Not sure about precision but #ethereum #ETH may do something like this? Before this move, minor bounces are necessary. Reclaiming the triangle is the invalidation. Not financial advice.
Ethereum is preparing a new pump. I am waiting a break above the yellow trendline before taking any action. I would like to see a little accumulation with a range above the trendline before entering in a long trade. My targets would be the resistance area at $3.600 first and $3.900 next
If you haven`t bought ETH before the rally:
Then using the Fibonacci Retracement tool, I believe there will be a new buy opportunity in the $2900- $3100 range!
Suggesting using a cup and handle structure with the current move being in the handle phase of this structure.
Price stays between the two white indicators which are potential lows and potential highs.
I am bullish.
The dotted lines are a channel that I think may still be relevant for this progression.
Ethereum is moving bullish, but slow within the key resistance zone of $3,837-$4,054.
A bullish break-out of $4,054 will send ETH price towards $4,569.
An inability to maintain price above $3,837 will push Ethereum price towards $3,531 and the key daily support at $3,275.
Intraday Chart
The ETHUSD intraday (4-Hour) chart broke through $3,938 and now is...
It seems very soon we will witness something very interesting.
Here are the prerequisites:
1 - it exits the multi-year triangle;
2 - a huge bowl in which the handle should be drawn;
3 - ETC is the original network from which the story began Ether.
It does not constitute investment or financial advice.
Do your own research.
If you agree with this idea, please...
Ethereum ( CRYPTOCAP:ETH ) has soared past the $3,800 mark, marking its highest price since December 2021, fueled by anticipation surrounding the imminent Dencun upgrade. As the cryptocurrency landscape undergoes rapid evolution, Ethereum ( CRYPTOCAP:ETH ) stands tall as a beacon of innovation and potential, captivating investors and enthusiasts alike.
Ethereum's...
One of my favorite coins is in breakout mode!
Sharing this most recent chart from TTR. We are very long #ETC
And the long-term ETC chart update. I am looking for the C&H formation off $46-50 level.
The main targets are:
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First target box got hit! Beautiful thing!
If you haven`t bought ETH before the rally:
Then in alignment with the analysis derived from the Elliott Waves chart pattern, Ethereum is signaling a potential retracement, with one of the legs down anticipated around $2,700.
This correction is depicted in the chart pattern, suggesting a short-term bearish sentiment. However, in the broader market context,...
Ethereum 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 has been moving in an Ascending Channel for over a year .
🏃♂️At the moment, Ethereum is moving near the 🔴 Heavy Resistance zone($3,580_$2,960) 🔴 and the upper line of the ascending channel , which we can see the reaction to this zone well in the daily candle .
💡Also, between two consecutive peaks, the Regular Divergence(RD-) between ...
Just like in BTC and everywhere else in the crypto markets, the trading volumes on ETH are also very low.
However, the main difference from BTC is that Ether's supply is now deflationary. Since the merge of the new consensus mechanism; Ether's circulating supply has been going down. (The first year in deflation).
And alongside this data, on-chain metrics show...
Recently, ETH has successfully consolidated above the critical resistance zone, which is now expected to serve as a robust support level for future price movements. This transition from resistance to support is a bullish indicator for market observers.
The technical structure shows a clear 'First leg' that has already paved the way for positive momentum....
![ETHUSDT: Ethereum Ready to Fall [-15%]](https://s3.tradingview.com/v/vgU5nThT_mid.png "Ethereum Ready to Fall [-15%]")
