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ETH target 4700 (perp)4h time frame - TP: $4616~$4890 SL: $2575 - ETH is creating a potential wedge structure, that hasn't been confirmed yet. A standard structure is made of 6 six touching points at least, it's not completed due to lack of one more point on the wedge top. Also, there are two paths if we consider it as a continuation patter, first is the green one, that leave $2817 as the last low and keep going up, second is the red path, which make another low to build a robust bottom before pumping. No matter what scenarios, they can reclaim $4800 in future if sustain continuation of the bull trend since $2171.
Long
by EthanTW
ETHUSDT: Is ETH About To Kick Off It's Next Bull Run?Hey everyone! 2023 turned out to be a great year, as expected! 2024 shaping up to follow similar footsteps. ETFs are providing an on ramp for traditional finance money to enter the space, with the ETFs accumulating over 9B of capital in under a month. As I was doing HTF analysis on ETH, this fractal comparison came to light. Since I've seen it, I can't unsee it 1. Exact same ABC correction marks cycle bottom 2. 5 wave structure under bear market resistance 3. 2 rejections under bear market resistance (wave 1 & 3) 4. Fifth wave breaks bear market resistance 5. Exact same retest on 50 EMA & previous bear market resistance Maybe the ETFs speed up the usual "halving pattern"? This charts say 3K+ en route soon, invalidation being a break of the key! Thanks for reading, please comment and like!
INDEX:ETHUSD
by traderview2
ETHEREUM: WAITING FOR A POSITIVE MOVE.ETH has been under the bullish falling wedge for quite some time and till now it has failed to show any positive move. With the pattern ETH is forming, it will be important for ETH to break above the resistance trendline for a positive confirmation. A breakdown below the supporting trendline will ruin the chart and make things more complicated. I am expecting a breakout soon. What's your opinion? Let me know in the comments. Thank you for reading. Trade safely. Regards, Team Dexter.
BINANCE:ETHUSDLong
by Dexter_The_Trader
Ethereum: What's Next?In August 2022, the Ethereum Foundation issued a cautionary statement that the forthcoming Paris upgrade would not lead to a decrease in gas fees. As a result, #ether prices experienced a decline of more than 40%. However, this development also provided a glimpse of the possible upcoming driver for #Ethereum investors: the prospect of reduced gas fees. This has since emerged as a pivotal component that the coming Cancun upgrade, known as EIP-4844 aims to address. Please note that if you have a long-term belief in #Eth , you are likely to achieve better returns by holding rather than engaging in active trading.
by ShiBob-SB
#ETH - thoughts out loud №4Good evening from Ukraine! Dear colleagues, I am glad to welcome you! Today, we have important news, the situation on the chart reflects the idea of professional operators to implement their plans immediately during the news release, cascading levels with a large number of stop losses have been formed. We can see that if we are long, then at more favorable prices, and if we are short, then we have room to fall, and perhaps someone will not be pleased, but this is the truth as it is. Thank you all for your attention, I wish you success . Sometimes you win /sometimes you learn . - thoughts out loud - thoughts out loud - thoughts out loud
Short
by WVitalievich
ETH Correction Phase after Bear Rally: Is it Sustainable? I want to discuss Ethereum (ETH) and the possibility of a correction phase following its recent bear rally, with a new target of $2000. However, it is crucial to approach this potential development cautiously and consider the sustainability of any price changes. As many of you know, ETH has experienced a remarkable surge in value over the past few months, reaching unprecedented heights. This impressive rally has undoubtedly captured traders' attention seeking lucrative opportunities within the cryptocurrency space. However, it is essential to remember that markets are inherently volatile, and what goes up must eventually come down. While a correction phase may be imminent for ETH, assessing the sustainability of any potential price changes is essential. Market dynamics, investor sentiment, and external factors can all influence the direction of cryptocurrencies, making it difficult to predict their long-term behavior accurately. Therefore, it is crucial to exercise caution and approach the situation with a measured perspective. Considering the potential for a correction phase, evaluating your current positions in ETH may be prudent. Diversification is vital in any investment strategy, and adding a few positions in ETH could be careful. However, it is equally important to carefully manage risk and only allocate what you are comfortable with, as the market's unpredictability remains a significant factor. As always, I encourage you to conduct thorough research, stay updated with market news, and consult with trusted advisors before making any investment decisions. The cryptocurrency market is known for its volatility, and it is essential to remain vigilant and informed. In summary, while the possibility of a correction phase looms over ETH after its recent bear rally, it is crucial to approach the situation with caution. The sustainability of any price changes is uncertain, and it is essential to evaluate your current positions and consider diversification. Remember to manage risk prudently and make informed decisions based on reliable information.
BITSTAMP:ETHUSD
by bryandowningqln
important Trading Insight: Exercise Caution as Momentum FallsRecently, we have observed a notable trend in Ether's Relative Strength Index (RSI), which has consistently exceeded 60. This indicates an overbought condition, suggesting that the asset may be due for a correction or a period of consolidation. Coupled with this, the Moving Average Convergence Divergence (MACD) indicator has shown signs of profitability decline. Furthermore, it is crucial to pay attention to the presence of bullish wicks, which act as support and resistance levels on price charts. These wicks indicate potential reversals or temporary pauses in the prevailing trend. As traders, it is imperative to recognize and respect these levels when making trading decisions. Given these indicators, I encourage you to exercise caution and remain vigilant in your trading activities. It is crucial to reassess your risk management strategies and consider adjusting your positions accordingly. As momentum falls, it becomes increasingly important to focus on preserving capital and minimizing potential losses. While the cryptocurrency market can be highly dynamic and unpredictable, the risk of sudden price swings and market volatility increases during these moments of declining momentum. Therefore, I urge you to approach your trades cautiously and avoid making impulsive decisions based solely on short-term market movements. Remember, successful trading requires discipline, patience, and a well-thought-out strategy. Take the time to thoroughly analyze the market conditions, monitor key indicators, and consider the potential risks before executing any trades. In conclusion, as Ether's RSI surpasses 60, MACD profitability falls, and bullish wicks emerge on the charts, you must be cautious and exercise prudence in your trading decisions. By doing so, you can better protect your capital and navigate the market's uncertainties more effectively.
BITSTAMP:ETHUSD
by bryandowningqln