Ethereum ( $ETH ) is trading around $2,470. Based on recent technical levels and trading patterns , and more present situation is in favour of ETH after faced dept it has really seeing the high
Support Levels (Buying Interest):
• $2,400 – A near-term psychological and technical support.
• $2,200 – A strong historical support, tested multiple times during corrections.
• $2,000 – Major round number, also aligns with previous accumulation zones.
Resistance Levels (Selling Pressure):
• $2,600 – Minor resistance from last week's high.
• $2,850–$2,900 – Key resistance area; price struggled here in early April.
• $3,100 – Breakout level for potential move toward $4K.
📊Trading Tips:
✒️ Use Moving Averages:
Watch the 50-day EMA ($2,350). A golden cross (50 > 200) is bullish, while a death cross is bearish.
✒️ Volume Confirmation:
Breakouts above resistance are more reliable if accompanied by strong volume.
If ETH starts gaining against BTC, it signals stronger relative strength and may precede upward movement in USD terms.
✒️ Monitor ETH ETF Flows:
Continued institutional inflows could push ETH past resistance.
✒️ Set Stop-Losses:
If entering long near $2,400, consider stop-loss below $2,200 to manage risk.
✒️ RSI/Trend Indicators:
RSI below 30 = oversold (buy signal); above 70 = overbought (sell signal).
