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ETH Price Action?
$ETH is showing signs of a potential trend reversal on its hourly chart. The price has repeatedly failed to stay above a certain resistance level, forming a pattern of three distinct peaks. This suggests that upward momentum is weakening with each attempt.
Currently, the price is consolidating within a narrow range, finding temporary support around the $2000-$2020 mark. The market is in a state of compression, indicating that a significant price move in either direction is likely approaching.
Potential Downside:
If ETH decisively breaks below the $2000-$2020 support zone, the analysis identifies several potential target levels for a downward move:
· First potential bounce area: $1980 – $1950
· Lower support zone: $1900 – $1850
· Major historical demand area: $1800 – $1750
Potential Upside (Requires Confirmation):
For a bullish outlook to be validated, ETH would need to convincingly reclaim and hold above the $2140-$2160 resistance level with strong trading volume. If that occurs, potential upside targets could be:
· Initial target: $2200 – $2250
· Higher resistance zone: $2320 – $2350
Without a clear and sustained break above $2140-$2160, any price rallies are likely to be met with selling pressure.
Other Market Context:
· The price of ETH is currently up 1.21%.
· Institutions like BitMine are reportedly continuing to accumulate ETH, with a noted purchase of an additional 20,000 ETH.
· A general question is posed to the community regarding their current strategy: buying, selling, or holding during this period.
#ETH #WhaleDeRiskETH #Ethurum #MarketAnalysis #bitman
Currently, the price is consolidating within a narrow range, finding temporary support around the $2000-$2020 mark. The market is in a state of compression, indicating that a significant price move in either direction is likely approaching.
Potential Downside:
If ETH decisively breaks below the $2000-$2020 support zone, the analysis identifies several potential target levels for a downward move:
· First potential bounce area: $1980 – $1950
· Lower support zone: $1900 – $1850
· Major historical demand area: $1800 – $1750
Potential Upside (Requires Confirmation):
For a bullish outlook to be validated, ETH would need to convincingly reclaim and hold above the $2140-$2160 resistance level with strong trading volume. If that occurs, potential upside targets could be:
· Initial target: $2200 – $2250
· Higher resistance zone: $2320 – $2350
Without a clear and sustained break above $2140-$2160, any price rallies are likely to be met with selling pressure.
Other Market Context:
· The price of ETH is currently up 1.21%.
· Institutions like BitMine are reportedly continuing to accumulate ETH, with a noted purchase of an additional 20,000 ETH.
· A general question is posed to the community regarding their current strategy: buying, selling, or holding during this period.
#ETH #WhaleDeRiskETH #Ethurum #MarketAnalysis #bitman
Behind the scenes, there's significant buying activity at the $2900 level for Ethereum, indicating a strong belief in this price point. If we sustain this level over the next four hours, we might observe a downward movement in Ethereum's price, potentially dropping by $25-$50.
Regarding a potential pump, it's unlikely to occur before reaching $2935. Once we achieve resistance for 45 minutes at this level, we could see Ethereum's price rise to as high as $2970.
#M_Idrees #BinanceLaunchpool #EthereumPower #ethurum #BullorBear"
Regarding a potential pump, it's unlikely to occur before reaching $2935. Once we achieve resistance for 45 minutes at this level, we could see Ethereum's price rise to as high as $2970.
#M_Idrees #BinanceLaunchpool #EthereumPower #ethurum #BullorBear"
🚨 🚨 #CryptoWatchMay2024 TRADE ALERT #ETHUSDT
🤑 💰 💰 💰 💰 💰 💰
⛔ entry type market order
⛔ entry 2994.6
🛑 SL 3013.89
Tp 2936.00
#altcoins #altcoins #ethurum
🤑 💰 💰 💰 💰 💰 💰
⛔ entry type market order
⛔ entry 2994.6
🛑 SL 3013.89
Tp 2936.00
#altcoins #altcoins #ethurum
#EthereumClassic for those who want to make money in the short term, it's time to invest in #ethurum . strong fall, but we know it will rise.
➡️ETH Next Target : 4590$
Zone Long:
1) 3040$
2) 3050$
Target :
1) 3823$
2) 4222$
3) 4500$
ST : 2600$
Not a financial advice 🤝
#ethurum
Zone Long:
1) 3040$
2) 3050$
Target :
1) 3823$
2) 4222$
3) 4500$
ST : 2600$
Not a financial advice 🤝
#ethurum
As Bitcoin and Ethereum recover, once-dominant meme currencies are now the day's top movers.
Inspired by animals Leading the charge with over $900 million in trade volume each over the past day are MOODENG and PNUT.
Following its memes, Solana's price jumped to a two-month high on Friday.
#PnutCrypto
#moodneg
#solana
#ethurum
#MEME
Inspired by animals Leading the charge with over $900 million in trade volume each over the past day are MOODENG and PNUT.
Following its memes, Solana's price jumped to a two-month high on Friday.
#PnutCrypto
#moodneg
#solana
#ethurum
#MEME
Analysis on the weekly timeframe shows a clearer picture of the structure and potential movement of Ethereum. #ETH/USDT #ethurum #btcupdates #Ethereum #BitcoinETFs
There are two main patterns formed:
Channel Up - The main pattern with an increase target of up to the level of $ 8,369. Symmetrical Triangle - A secondary pattern that is currently in the resistance area around $ 3,789.
If the price manages to break through the resistance of $ 3,789 convincingly (breakout), the bullish momentum is projected to continue, bringing ETHUSD to a new all-time high at the level of $ 8,369. However,
if this resistance is strong enough to hold back the bullish rate, a quick correction has the potential to occur to the support level of $ 2,467, which is the basis of the symmetrical triangle pattern.
After testing the support, the potential for a rebound is still open, with a target increase back to the symmetrical triangle projection at the level of $ 8,369.
Market players are advised to monitor price action, breakout confirmation, and volume dynamics to ensure the validity of this pattern. Remain disciplined in implementing risk management, considering that ETHUSD is at crucial levels that determine the direction of further movement.
There are two main patterns formed:
Channel Up - The main pattern with an increase target of up to the level of $ 8,369. Symmetrical Triangle - A secondary pattern that is currently in the resistance area around $ 3,789.
If the price manages to break through the resistance of $ 3,789 convincingly (breakout), the bullish momentum is projected to continue, bringing ETHUSD to a new all-time high at the level of $ 8,369. However,
if this resistance is strong enough to hold back the bullish rate, a quick correction has the potential to occur to the support level of $ 2,467, which is the basis of the symmetrical triangle pattern.
After testing the support, the potential for a rebound is still open, with a target increase back to the symmetrical triangle projection at the level of $ 8,369.
Market players are advised to monitor price action, breakout confirmation, and volume dynamics to ensure the validity of this pattern. Remain disciplined in implementing risk management, considering that ETHUSD is at crucial levels that determine the direction of further movement.
🚨 $ETH /USDT – DOWNTREND ALERT 🚨
Ethereum is slipping, currently at 4,226.99 (-1.69%), after failing to hold above the 4,344–4,400 resistance zone. With momentum weakening and sellers in control, a break below 4,200 support could trigger deeper downside.
📉 Trade Setup (Short):
Entry: 4,250 – 4,300
Targets: TP1: 4,150 | TP2: 4,050 | TP3: 3,950
Stop Loss: 4,400
⚠️ Note: Use leverage wisely and keep an eye on BTC, as more weakness there could drag ETH lower.
👉 Short opportunity on $ETH #ethurum
Ethereum is slipping, currently at 4,226.99 (-1.69%), after failing to hold above the 4,344–4,400 resistance zone. With momentum weakening and sellers in control, a break below 4,200 support could trigger deeper downside.
📉 Trade Setup (Short):
Entry: 4,250 – 4,300
Targets: TP1: 4,150 | TP2: 4,050 | TP3: 3,950
Stop Loss: 4,400
⚠️ Note: Use leverage wisely and keep an eye on BTC, as more weakness there could drag ETH lower.
👉 Short opportunity on $ETH #ethurum
Another ETH ICO Whale Sells 3,367.5 ETH for $10.16 Million as Ether Surpasses $3,000
A whale wallet believed to have participated in the ETH initial coin offering has begun liquidating ETH holdings after 8 years of dormancy. While the wallet has liquidated a substantial amount of its ETH holdings, the whale still holds a significant amount of $ETH .
Data from Ethereum blockchain explorer Etherscan indicates the wallet contains 37,069.8 ETH, equivalent to $112 million at today's prices.
ETH ICO Whale Liquidates $10.16 Million in ETH
Data from Ethereum blockchain explorer Etherscan indicates the wallet contains 37,069.8 ETH, equivalent to $112 million at today's prices.
ETH ICO Whale Liquidates $10.16 Million in ETH
In an interview with CNBC, Dan Morehead expressed an optimistic outlook on the development of cryptocurrencies and blockchain, as more large companies and financial institutions begin to discover digital assets. According to him, most organizations currently do not have access to blockchain, but once they start working in this area, the cryptocurrency sector will develop even faster.
#BTC☀ #ethurum $BTC
The main obstacle to the adoption of cryptocurrencies among institutional investors is the uncertainty in the regulation of the industry, Morehead believes. He mentioned the legal disputes involving major crypto companies accused of violating securities laws by American regulators.
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#BTC☀ #ethurum $BTC
The main obstacle to the adoption of cryptocurrencies among institutional investors is the uncertainty in the regulation of the industry, Morehead believes. He mentioned the legal disputes involving major crypto companies accused of violating securities laws by American regulators.
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