The total evaluation for the Ethereum asset is bearish. Please be mindful of the risks you are taking, managing these risks are absolute number 1 priority and the second one is your risk tolerance. A lot of people are really good at calculating, but they are either too much of a wuss or too much of rooster so keep yourself in check always. Be neutral.
--------- Data shows for ETH from the charts has a great projection point towards the 1720$ region where it will be rejected to a maximum of 1800$ on the weekly 20 DAY moving average. I expect further upside after a backtest around 1,580-1,620$ for proper market structure purposes and to serve as a 2nd entry point for those that have not joined the miniscule trend change.
Take note that the SP500 and the NASDAQ are on their retracement potentials since they are now sitting on the previous support we had months ago for a probable double bottom, but it will be rejected after a temporary upside retracement touching the 20 day moving average before plummeting through the 2021 support. --------
Probabilities of ETH reaching price points based on market structure, fundamentals and sentiment:
ETH has a 80% chance to reach 1,680$ with a 20% chance of a re-test down to 1,520-1,580$
ETH has a 65% chance to reach 1,720$ via volume splurge with a 35% of re-testing the previous support, 1,580-1,620$, same failure rate.
ETH has a 35% chance of reaching 1,800$-1,820$ without re-tests and 65% chance of re-testing 1,680$-1,720$ after visiting that level. This works the same odds with failure rate.
ETH has a 20% chance of reaching 1,920$ without re-tests and a 80% chance of a price failure or re-test of lower levels.
ETH has a 10% chance of reaching 2,080$ without re-tests and a 90% chance of a price failure or re-test of lower levels.
ETH has a 1% chance of reaching 2,200-2,400$ without re-tests via manipulation pump and a 99% chance of distribution (sell wall).
Probabilities are gathered statistically on the basis of 1H-8H Candles dating back since 2021 for better context.
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Giao dịch đang hoạt động
Trade is active from 1,590$ Long with x10 leverage set a break-even to TP first on 1,680$ and then 1,720. If price fails to reach 1,720, TP level is set to 1,660$
Đã hủy lệnh
Profits taken at 1,669$. Will wait until 1,600$ to long.
Đã hủy lệnh
No positions will be opened at this range. Strong selling pressure is capable of going back even lower.
Giao dịch được đóng thủ công
No longs, opened short at 1,540$. Will TP around 1,280-1,320 and 1,000$.
Giao dịch đang hoạt động
Initial short taken TP at 1519$. Entered long around 1,572$ - Will take profit around 1,680-1,720$.
Đã hủy lệnh
TP taken at 1637$. Closed long.
Giao dịch đang hoạt động
Started short 1,635$ to tp around 1,550-1,580$ at 10x leverage.
Giao dịch đang hoạt động
Stopped at out break-even after dropping to 1610$ and triggering stop loss. Limit order triggered on long at 1,636$ to take TP around 1,720$.
Giao dịch được đóng thủ công
Profits taken around 1,770$. No more positions since ETH is showing relatively bearish price action compared to BTC and SOL.
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