1. Current market situation
- Last price: $2,449.62 (+6.42%).
- Marking price: $2,450.41 (close to the last price, indicating stability).
- 24-hour range: $2,292.69 - $2,469.88 (high volatility).
- Trading volumes:
- 6.89 million ETH.
- 16.39 billion USDT (high liquidity).
2. Technical indicators
- MACD:
- DIF (42.57) above DEA (41.36), histogram positive (1.22) — buy signal.
- RSI(6): 79.27 (overbought, possible correction or consolidation).
- Support and resistance levels:
- Support: $2,370.96, $2,303.38.
- Resistance: $2,490.75, $2,506.11.
3. Trading plan
- Buying scenario (long):
- Entry condition: Bounce from support level $2,370.96 or break resistance $2,490.75 with volume confirmation.
- Take profit: $2,506.11 (nearest resistance), then $2,600 (psychological level).
- Stop-loss: Below $2,370.96 (to protect from reversal).
- Selling scenario (short):
- Entry condition: Bounce from resistance $2,490.75 with high volume or RSI drop below 70.
- Take profit: $2,370.96 (first support), then $2,303.38.
- Stop-loss: Above $2,506.11.
4. Recommendations
- Caution: RSI in overbought zone — avoid aggressive long entries without confirmation.
- Risk management: Do not risk more than 1-2% of capital on a trade, use stop-losses.
- Additional indicators: Monitor volumes during level breaks and MACD on lower timeframes (15m, 1h) for early signals.
5. Key levels for today
- Support: $2,370.96, $2,303.38.
- Resistance: $2,490.75, $2,506.11.
Conclusion
Today's trading plan for ETHUSDT suggests two scenarios: long on confirmation of buyer strength and short on signs of correction. Consider the high RSI and use strict risk management.