## ๐ง **Technical Overview $ETH and signal .
* **Current Price:** \$1,808
* **24H High/Low:** \$1,842.15 / \$1,781.85
* **Recent Low (Support):** \$1,781.85
* **Recent High (Resistance):** \$1,849.95
* **RSI (6):** 45.80 โ Neutral to slightly oversold
* **Volume:** Moderate, spikes near major price turns
* **MA(5):** 2,773.6
* **MA(10):** 4,035.5 โ Price below both = bearish short-term trend
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## ๐ **Chart Observations**
* **Double bottom pattern** possibly forming around \$1,782
* **Rejection from \$1,823**, lower high signals downtrend but price is trying to stabilize
* **RSI recovering** from near 30 โ possible bounce setup
* **Bearish breakdown** may continue if \$1,800 fails to hold
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## โ **Trading Signal (Short-Term Long Position)**
### ๐น **Trade Type:** Scalping / Short-term bounce (counter-trend)
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### ๐ฅ **Entry Points:**
1. **Primary Entry:** \$1,805โ\$1,808 (current market area)
2. **Ideal Pullback Entry:** \$1,795โ\$1,798 (just above \$1,793.43 support line)
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### ๐ **Stop-Loss Placement:**
* **Stop-Loss:** \$1,778
* Below the previous low (\$1,781.85) and below support at \$1,778.44
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### ๐ฏ **Take Profit Targets:**
1. **TP1:** \$1,823 (minor resistance, short-term high)
2. **TP2:** \$1,838โ\$1,842 (key 24H resistance zone)
3. **TP3 (Aggressive):** \$1,849โ\$1,850 (major resistance from recent peak)
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## ๐งพ **Trade Summary Table:**
| Action | Price Range |
| ------------- | --------------- |
| Buy Entry | \$1,805โ\$1,808 |
| Stop-Loss | \$1,778 |
| Take Profit 1 | \$1,823 |
| Take Profit 2 | \$1,838โ\$1,842 |
| Take Profit 3 | \$1,849โ\$1,850 |
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## โ ๏ธ **Risk Management Tips:**
* Set **alerts** around \$1,800 in case of bearish breakdown.
* If entering around \$1,795, maintain tighter stop at \$1,775 to reduce loss exposure.
* Avoid overleveraging; ETH is highly volatile near major news or BTC movements.
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