📉 $ETH /USDT – Short-Term Pullback Play or Rebound Setup? 🔁⚡
Current Price $ETH : $2,514.50 (+1.69%)
24H High: $2,544.36 | 24H Low: $2,470.78
EMAs:
EMA(7): 2,516.61
EMA(25): 2,519.18
EMA(99): 2,509.30
📊 Chart Analysis (15m):
ETH recently spiked to $2,544.36 but faced heavy rejection, forming a downward flag. Price is currently consolidating below both EMA(7) and EMA(25), with EMA(99) acting as dynamic support. This shows short-term bearish pressure, but not a full reversal yet.
📌 Trade Setup (Scalp/Swing):
🔻 Short Entry Zone: $2,517 – $2,520
🎯 TP1: $2,509 (near EMA99 support)
🎯 TP2: $2,497
🛑 SL: $2,526 (above recent minor swing high)
🟩 OR Long Setup (Only if confirmed bounce at EMA99):
🟢 Long Entry Zone: $2,508 – $2,512
🎯 TP1: $2,522
🎯 TP2: $2,535
🛑 SL: $2,502
💡 Pro Tip:$ETH
Wait for strong candle close above EMA25 (~$2,519) for long confirmation. Volume confirmation will add extra strength to either setup.