Ethereum (ETH): Almost 50% Gain on ETH

2024年12月2日

Ethereum has almost reached our first target since it bounced from that supportive trend there on lower zones.

So far we had almost 50% gain and price is still gaining traction, so we wait for the first target to be reached, which is near the $3950 zone.

Once we reach this zone, we expect to see some kind of correction and rejection after what we most likely will go for new ATH!

Swallow Team

2024年12月2日

注释

Ethereum has expanded pretty well here where price is yet to touch that upper resistance zone, from where we expect to see some kind of smaller correctional movement before breaking this zone fully there and moving to new ALL TIME HIGHs.

We see that there is a good possibility of DCA-ing the position here, which would end up touching both of our orange lines (which we marked as target zones).

2024年12月3日

注释

Ethereum has nicely been going up since breaking that triangle pattern on lower zones, fomring BoS, and claiming new upper zones.

Now we are expecting to see a possible market structure break, which would possibly lead the price to lower zones!!!

2024年12月4日

注释

Ethereum has failed to secure the MSB and is currently heading towards another possible BoS.

While price has not fully formed the MSB, we are not entering into a short position here but rather look for further upward movement while we keep on forming those BoS zones.

Thoughts?

2024年12月5日

注释

On the Ethereum, we are 2 sided here, where we wait for another bounce zone to form (from where it would be good to take a long position with targets on a bigger timeframe) or we will see a touch to the last bounce zone, where most likely we will see a breakdown and a movement to the lower target zone.

As of now, all we can do is wait (just like on Bitcoin) so we wait for the perfect setup to form!

2024年12月6日

注释

Buyers quickly suppressed the recent sell-off on ETH, regaining control and now heading towards the local top.

As we previously mentioned, we are waiting for the lower entry zone to be reopened for a selling opportunity or another bounce zone to be formed here, from which we will seek a buying opportunity.

So we wait!