Ethereum (ETH) is trading at approximately $2,524.93, reflecting a slight decline of 3.36% over the past 24 hours.
Stock market information for Ethereum (ETH)
Ethereum is a crypto in the CRYPTO market.
The price is 2524.93 USD currently with a change of -87.88 USD (-0.03%) from the previous close.
The intraday high is 2615.19 USD and the intraday low is 2494.41 USD.
📈 Ethereum Market Overview
Recent market activity indicates a pullback in Ethereum's price, influenced by broader market cues, including geopolitical developments. Despite this, some analysts suggest a potential recovery to $3,000, citing on-chain metrics and a sustained 6% annualized premium in ETH futures. (TradingView, Coinspeaker)
🎯 Suggested Trading Strategy
Take-Profit Targets:
TP1: $2,700 – This level corresponds to a recent three-month high achieved in mid-May.
TP2: $3,000 – Analysts project a potential recovery to this level, supported by positive on-chain metrics.
TP3: $3,600 – This target aligns with the 200-day Simple Moving Average (SMA) resistance, a key level that bulls are eyeing for a breakout.
Stop-Loss Levels:
SL1: $2,500 – A psychological support level; a drop below this may indicate further downside.
SL2: $2,400 – A more conservative stop-loss to mitigate potential losses in a volatile market.
SL3: $2,200 – A critical support zone; breaching this could signal a significant trend reversal.