🟣 Today, let's delve into the latest developments in the Ethereum BINANCE:ETHUSDT market landscape. Here's what you need to know: Ethereum's Price Analysis: Ethereum has been in decline since mid-March, with its price developing a Downward Channel pattern. Consolidation periods compressed in Rising Wedges within this pattern suggest a continuation setup...
ETH is Pointing Down For a Bigger Correction - Update ETH broke out of a strong bearish pattern thus indicating a bigger bearish wave. ETH moved back again and now is testing a strong resistance zone as I explained on the previous analysis. If ETH breaks down of 3070 the chances are that it can continue moving down more as shown in the chart. 3280 already...
Ethereum looks interesting after that breakout from the local resistance zone and EMA 200. We are not looking for the current market price zone where we see last resistances to be broken and prices moving slowly to lower zones. We have three potential market zones that can be addressed if we see more red candles today (Monday)! Swallow Team
ETH/USDT has entered weekly fibs zone. With HK ETHETF, asian insto's money might trigger a push on eth. Locking in buy limits at 3032, all the way to 4092
My thesis this time is KISS: KEEP IT SIMPLE & STUPID. The monthly fib ret suggests that 50% retracement from the uponly szn at about 2812 and usually for htf support at the 50 level is quite impenetrable (fingers crossed). Expect to front run the bid around daily DB area around 2820-2850 level if you want to MAX BID. DYOR. NFA.
The daily chart for Ethereum (ETH/USDT) depicts a descending trendline, highlighting a pattern of lower highs, indicating a downward pressure in the market. Ethereum's current price is $2979.55, facing resistance (R1) at $4126.11, which is a significant jump from the current levels, suggesting R1 might not be an immediate concern. More relevant is the immediate...
Hello everyone! If you enjoy this content, please consider giving it a like and following for more updates. Welcome to your ETH/USDT Quick Update! Ethereum is currently trading around $3k level. The price is holding good support here and expecting a bounce from here up to the $3300 level. Invalidation of this bullish scenario is if the price closes below the...
Dear Traders, First small bullish correction and then drop towards $2500 region, which will remain a key area for most of the institutional sellers. We also need to have different bias, where price may not make any corrections and just continue dropping from current area. Good Luck and Trade Safe.
Dear Traders, Price have rejected earlier than we analysed in our last idea on ETHUSDT, however, the bias remain the same. We are still looking at the area of $2600 and if is possible then we can also target the lowest which will be $2400. The price have shown us a strong bearish momentum, and due to that reason only, we believe price is continue to drop in...
I've conducted a detailed analysis of Ethereum's historical corrections and are using that information to anticipate a potential correction in the current bull run. Given the bearish divergence on the daily timeframe and Ethereum's historical correction patterns,I anticipate a correction ranging from 50% to 80%, considering rational and worst-case...
As we said before we were looking for this dump from 4100$: now we are looking for more range and then dump after that to the targets like 2200$ and 2000$. DISCLAIMER: ((trade based on your own decision)) <
BINANCE:ETHUSDT made a false breakout of the resistance at 3300. It failed to set new higher highs. Overall, the market is bearish on the 4H timeframe. I think the market will break through the upward channel, then move downward to the key level at 3000. The price action created an equal low, and it potentially might retest the lows or even go lower. I expect the...
Hello everyone, let's look at the 4H ETH to USDT chart as we can see that the price is moving in a downtrend channel where we could see a bottom breakout from the local uptrend channel. And here the decline itself after leaving the rising channel, reached the 0.318FIB level at the price of $3020, which has just been broken, then there is strong support around...
I feel that the price action of Ethereum paired with USDT utilizes various chart patterns and key support and resistance levels to inform potential trading strategies. Through careful observation, we identified the emergence of a rising wedge pattern from a broader perspective, as well as the recent formation of a falling wedge pattern. My analysis focuses on...
Still see it coming down to 2200, 1700 lots of activity in those areas to visit
There is a descending channel, after reacting to a daily resistance, it is possible to continue falling.
As the price getting closer to the 4H demand zone, I will look for more developments in 15m tf to catch some long setups.
We can move in the form of a triangle to the specified target