TECHNICAL OVERVIEW $ETH
- **Current Price:** $1,810.99
- **24H Range:** Low $1,744.71 – High $1,842.99
- **Recent High:** $1,842.99
- **Recent Support:** $1,744.71
- **RSI(6):** 22.59 → **Oversold**, indicating a potential rebound
- **MA(5):** 8,772.56 (above MA10)
- **MA(10):** 6,174.53
- **Volume:** Spiking on recent candles → possible exhaustion or accumulation
🧠 **Technical Interpretation**
- **RSI(6) at 22.59** is strongly oversold, suggesting that sellers may soon lose strength and a bounce could occur.
- **Price has pulled back from $1,842.99** to around $1,811.16, nearing a potential **support zone near $1,800–$1,804**.
- Volume and OBV are still relatively stable, hinting that no major distribution is yet underway.
- MA(5) is above MA(10), but they are close, and crossover risk is near — momentum could shift quickly.
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💡 **Spot Trading Signal (Bullish Reversal Setup)**
🟢 **Entry Point(s):**
- **Primary Entry:** $1,805 – $1,810 zone (where price is consolidating now)
- **Aggressive Dip Buy:** $1,790 – $1,795 (in case of a liquidity sweep below $1,800)
🔴 **Stop-Loss:**
- **Safe SL:** $1,779 (below previous consolidation wick area and psychological level)
🟢 **Take-Profit Target(s):**
- **TP1:** $1,825 (minor resistance)
- **TP2:** $1,838 – $1,842 (previous 24H high)
- **TP3 (Extended):** $1,855+ (if strong breakout follows, test of upper resistance)
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📈 **Risk-Reward Ratio Example (Primary Entry $1,808):**
- **Risk (SL at $1,779):** $29
- **Reward (TP2 at $1,842):** $34
- **R/R Ratio:** ≈ **1:1.17** (TP2), improves to **1:1.6** if TP3 is reached
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📝 **Trade Notes:**
- Watch for **bullish candlestick confirmation** (e.g., hammer, engulfing) on the 15-min chart before entering.
- Avoid if RSI fails to bounce or volume drops sharply.
- If ETH breaks and closes **below $1,779**, the short-term bullish setup would be invalidated.
