**ETHUSDT (Ethereum)**
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### **Price Action**
- **Current Price:** $2,372
- **Local High:** $2,490.75
- **Trend:** Recovery mode after a consolidation phase. Breakout candles are forming, showing bullish momentum.
- ETH just cleared short-term consolidation and is testing resistance from previous highs.
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### **Exponential Moving Averages (EMA)**
- **EMA(7):** $2,353.01
- **EMA(25):** $2,342.92
- **EMA(99):** $2,302.68
- All EMAs are aligned bullishly (7 > 25 > 99) and price is currently above all, confirming a **short-term bullish trend**.
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### **MACD**
- **DIF:** 5.05
- **DEA:** 1.70
- **MACD Histogram:** Positive and expanding again
- This is a **bullish crossover**, indicating momentum is rebuilding after recent consolidation.
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### **RSI**
- **RSI(6):** 88.72 → **Overbought**
- **RSI(12):** 72.66 → Entering overbought zone
- **RSI(24):** 61.66 → Bullish momentum rising
- RSI suggests that ETH is **overheating short term**, so a small pullback or sideways move may occur before continuation.
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### **Volume**
- A sharp volume spike led to the recent breakout, but sustained follow-up volume is still lacking. Watch for continuation volume to confirm breakout strength.
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### **Conclusion**
- **Trend:** Bullish
- **Risk:** RSI is in overbought territory — some correction is likely short-term.
- **Key Resistance:** $2,490
- **Support Zone:** $2,340–$2,353 (EMA area)
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### **Trade Idea**
- **Breakout Play:** Entry on reclaim of $2,490 with volume
- **Pullback Play:** Buy near EMAs ($2,350 area) if price retests with low volume
- **Stop-loss:** Below EMA(25) or around $2,325
- **Target:** $2,512+ short-term; $2,600+ medium-term if breakout is strong
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