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$ETH Technical Analysis October 08, 2025: PRICE STANDS AT $4,457.81 WITH BEARISH SHORT-TERM SIGNALS BUT POTENTIAL OVERSOLD REBOUND 📉
📊 Market Insight
• Current Price: $4,457.81 USDT
• Moving Averages (EMAs) show mixed signals.
• Volume is high at $2.03B in 24h (USDT), reflecting significant trading activity amid the pullback.
• RSI levels indicate approaching oversold conditions on shorter timeframes, pointing to potential exhaustion of selling pressure and room for a bounce.
📊 Important Levels to Watch
🔼 Resistance Levels:
$4,482.00
$4,514.00
$4,532.00
🔽 Support Levels:
$4,410.00
$4,394.00
$4,352.00
💡 TRADE PLANS:
🐂 Bullish Trade Setup: Rebound above $4,482.00
☑️ Entry Point: $4,485.00 (enter if price breaks above $4,482.00 with bullish momentum confirmation)
🎯 Price Target:
TP1: $4,514.00
TP2: $4,532.00
🛑 Stop Loss: $4,400.00 (below 24h low to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above $4,482.00, increasing volume, RSI(6) above 40, and positive price action reclaiming short-term EMAs.
🐻 Bearish Trade Setup: Breakdown below $4,410.00
☑️ Entry Point: $4,405.00 (enter if price falls below $4,410.00 with bearish momentum confirmation)
🎯 Price Target:
TP1: $4,394.00
TP2: $4,352.00
🛑 Stop Loss: $4,420.00 (above recent lows)
⚠️ Confirmation: Watch for a strong bearish candle close below $4,410.00, sustained high volume on downside, RSI(6) below 30, and breakdown below EMA99.
📌 Suggestion to Open Positions Today:
Ethereum has pulled back to $4,457.81, dipping below short-term EMAs after hitting a 24h high of $4,532.00, but it’s holding above key long-term supports with RSI readings around 36. High trading volume suggests volatility, and a rebound toward $4,532.00 is possible. However, a break below $4,410.00 could accelerate downside to $4,352.00. Monitor for RSI divergence and volume shifts before entering trades.
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