$ETH
ETH/USDT Market Analysis
Price: $2,679.26
24h Change: +9.11%
24h High/Low: $2,738.50 / $2,415.30
Volume Surge: High volume with breakout confirmation
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Technical Indicators:
MA(7): $2,678.45 → Acting as short-term dynamic support.
MA(25): $2,607.78 → Strong bullish slope.
MA(99): $2,506.87 → Far below current price; confirms strong uptrend.
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Trend Insight:
ETH broke out sharply from around $2,415 to $2,738.
Now showing a slight pullback from the top ($2,738.50), holding near MA(7).
Volume spiked significantly at the top, suggesting either:
A local top with profit booking, or
A brief consolidation before continuation.
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Trade Signals:
Bullish Scenario (Momentum Continuation):
Entry: $2,675–2,685 (support at MA(7), current price region)
Confirmation: Green candle closing above $2,685 with rising volume
Target 1: $2,738 (retest of high)
Target 2: $2,770–2,800 (psychological & projected extension)
Stop-Loss: $2,648 (below MA(7) and recent small wick low)
Bearish Scenario (Short-Term Reversal):
Exit or Short Entry: If price breaks below $2,648 with strong red candle
Target: $2,612–2,607 (MA25 support zone)
Stop-Loss: $2,690+
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Recommendation:
Scalp Traders: Watch for bounce confirmation at $2,675. Quick long possible.
Swing Traders: Wait for breakout above $2,738 or retracement to MA(25) for safer entry.
I Recommend You Go To Short Term.
