ETHEREUM ERREICHT $3500 PREISZIEL ! NIEMAND IST VORBEREITET AUF DIESEN BREAKOUT ! ETH Chartanalyse

Bitcoin Trading DE

29 Feb 202410:02

Summary

TLDRIn this insightful video on bitcointrading.de's YouTube channel, we dive deep into Ethereum's remarkable rally, reaching a $3500 price point. The video kicks off with a technical analysis update, highlighting Ethereum's strong performance alongside Bitcoin, and discusses the successful trade strategy that led to a substantial 45% increase within just 21 days. The presenter shares insights on key resistance levels, the impact of Ethereum's upgrade, staking hype, and the speculation around the approval of an Ethereum spot ETF. The video also covers strategies for realizing profits and addresses potential market movements, reinforcing a bullish outlook for Ethereum. Viewers are encouraged to leverage this analysis for informed trading decisions and are introduced to Femex for trading and investment opportunities.

Takeaways

😊 Ethereum has reached the target price of $3500
👍 The trading setup discussed 3 weeks ago played out very well, with Ethereum rising 45% since then
🔥 The price increase is attributed to hype around ETH 2.0 staking, scaling solutions like Optimism and speculation around an Ethereum ETF approval
😎 For those with open trades, take partial profits if the price drops below $3270
📈 The 4 hour chart still looks good as long as the green box around $3270 holds
🔮 Even a drop to $3000 on the daily chart would still keep the uptrend intact
🎯 The 0.68 Fib level lines up with resistance around $3500, making it a good area to take some profits
👀 The weekly chart shows a pattern similar to early in the 2017 bull run before a 400%+ increase
⏳ Expect rotations from Bitcoin into altcoins like Ethereum in the coming weeks when Bitcoin tops out
👍 The ETH/BTC chart shows a massive ascending triangle over years that could break out soon

Q & A

What price level has Ethereum reached recently?
-Ethereum has reached a price of $3,500 recently.
What was the trading setup that was discussed a few weeks ago?
-The trading setup discussed a few weeks ago was to go long after the descending blue trendline breaks above the horizontal resistance at $2,400.
What percentage gains has this Ethereum trade seen in the last 20 days?
-This Ethereum trade has seen gains of close to 40% in the last 21 days.
What price levels were projected for Ethereum by May?
-The projected price levels for Ethereum by May were $3,500 to $4,000.
What are some of the reasons given for Ethereum's strong rally?
-Some reasons given for Ethereum's strong rally are hype around staking, Eigenlayer updates, and speculation around a potential Ethereum ETF approval.
What support levels should be watched on the 4-hour chart?
-On the 4-hour chart, the green box around $3,270 should hold as support. A break below it could signal a drop to $3,000.
What Fibonacci level aligns with resistance around $3,500?
-The 0.618 Fibonacci level aligns with the resistance around $3,500.
What happened historically in Bitcoin after reaching all-time high prices?
-Historically after Bitcoin reaches new all-time highs there has been a rotation into Ethereum and altcoins.
What large ascending triangle pattern is identified on the weekly ETH/BTC chart?
-There is a very large ascending triangle pattern identified on the weekly ETH/BTC chart spanning multiple years.
What kind of breakout is expected from this ascending triangle pattern?
-A massive breakout to the upside of this ascending triangle is expected, likely surprising Ethereum bears.