#ETH UPDATE

The price has broken through the ascending trend line and $2940 level which is a very good sign for growth continuation!

If it keeps pushing hard like this, we would definitely see massive bullishness on altcoins!

ETHEREUM #ETH

Looking for the retracement off the lower support of ascending channel + ichimoku cloud📈

Setup is invalidated if we cross below the support.

#𝗘𝗧𝗛/𝗨𝗦𝗗𝗧 𝟭 𝗛𝗢𝗨𝗥 𝗧𝗜𝗠𝗘 𝗙𝗥𝗔𝗠𝗘 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦

• Forming a rising wedge pattern. Support is at $1780.
• Avoid long position as of now. Will enter into it if some good opportunity is seen.

• For the short position wait for the conformation of it to break the support at $1780.
Target - 3:1, 2:1

#𝗘𝗧𝗛/𝗨𝗦𝗗𝗧 𝟭 𝗛𝗢𝗨𝗥 𝗧𝗜𝗠𝗘 𝗙𝗥𝗔𝗠𝗘 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦
• Eth was twice rejected at two points $1844 ( resistance 1) and $1918 (resistance 2). A movement below the support ($1725) we indicate Bearishness (short).
Target - 2:1, 3:1

• If it shows some Bullishness we will enter long position.
Target : $1844 ( resistance 1)

#𝗘𝗧𝗛/𝗨𝗦𝗗𝗧 𝟭 𝗛𝗢𝗨𝗥 𝗧𝗜𝗠𝗘 𝗙𝗥𝗔𝗠𝗘 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦
• Strong support is at $1052, we will see a upward swing from here, conformation will be if it breaks the red trend line then we will enter in a long position.
Target - 2:1, 3:1

• If it breaks the support we will short our position with small target.
Target 2:1, 1.5:1

#𝗘𝗧𝗛/𝗨𝗦𝗗𝗧 𝟭 𝗛𝗢𝗨𝗥 𝗧𝗜𝗠𝗘 𝗙𝗥𝗔𝗠𝗘 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦
• It has tested from resistance $1260, we will enter in a long position if it breaks the resistance.
Target - 2:1, 3:1

• We will take a short position if it will break the trend line.
Target - $1025 (support).

#𝗘𝗧𝗛/𝗨𝗦𝗗𝗧 𝟰 𝗛𝗢𝗨𝗥 𝗧𝗜𝗠𝗘 𝗙𝗥𝗔𝗠𝗘 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦
• In the above trade you would have gained some profit, new resistance level is at $1647 and it has a support at $1269, formation of a red candle at the support will indicate bearishness (short).
Target - 1:5-1

• Formation of a Higher High and if it breaks HH we will long our position.
Target - 3:1-2:1

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#𝗘𝗧𝗛/𝗨𝗦𝗗𝗧 𝟰 𝗛𝗢𝗨𝗥 𝗧𝗜𝗠𝗘 𝗙𝗥𝗔𝗠𝗘 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦
• Formation of three Higher low pattern can be seen.
HL 1 - $1363
HL 2 - $1564
HL 3 - $1673
Possibility is that Eth may have a change in trend if it breaks the Higher Low 3 then we will short our position Target - $1564
Stoploss slightly above the resistance.
If it breaks the Higher Low 2 we will short our position to HL 1 ($1363).
Possibility it can retest HL 3 and come till HL 2 thus we will short our position.
Target - $1564

• Formation of a green bullish candle at $1764 then we will our position.
Target - $1824

#𝗘𝗧𝗛/𝗨𝗦𝗗𝗧 𝟭 𝗗𝗔𝗬 𝗧𝗜𝗠𝗘 𝗙𝗥𝗔𝗠𝗘 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦
• As suggested it jumped from Higher Low 1 To Higher Low 2, if it crosses the mark at 2 then we will take a long position till $1673 , further if it breaks of $1673 then will long our position till the resistance.
Target - $1824

#𝗘𝗧𝗛/𝗨𝗦𝗗𝗧 𝟭 𝗗𝗔𝗬 𝗧𝗜𝗠𝗘 𝗙𝗥𝗔𝗠𝗘 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦

• We will close this position only if Eth breaks the trend line, so as suggested earlier if it breaks HL 1 we long our position to HL 2 and so on as mentioned in the previous analysis.

• Eth is not falling, its in a correction phase so hold onto your respective positions.

#𝗘𝗧𝗛/𝗨𝗦𝗗𝗧 𝟰 𝗛𝗢𝗨𝗥 𝗧𝗜𝗠𝗘 𝗙𝗥𝗔𝗠𝗘 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦
• ETH appears to have reached the resistance level, and a hanging man pattern is visible at the support. Therefore, it may be advisable to consider entering some long positions at this point.

Targets: $1874.80, $1900
Stoploss: $1845.63

https://youtu.be/jWDditVYkNw

TOPICS TO BE DISCUSSED
- CRYPTO/BITCOIN Analysis
- GREED/FEAR INDEX
- LIQUIDATIONS
- Haven't discussed alts here. Just buy at your discounted price.

https://youtu.be/xiK74FD0cyY?feature=shared


Watch this

https://x.com/YourCryptobids/status/1759945863982375120?s=20

ETH 3k