#NewsTrade
As of May 14, 2025, Ethereum (ETH) is trading at approximately $2,602.80, marking an 8.34% increase over the past 24 hours. (Pintu)
📊 Technical Overview
Support Levels:
$2,425: Recent breakout level.
$2,304: Overlap support.
$2,246: 50-day EMA. (Coin Edition, IC Markets)
Resistance Levels:
$2,705: Recent high.
$2,830: Multi-swing-high resistance. (IC Markets)
Indicators:
RSI (4H): 48 (Neutral).
MACD (Daily): Bearish crossover. (Binance, Coin Edition)
📈 Trade Setup
Long Position:
Entry: Between $2,425 and $2,475.
Take-Profit Targets: $2,705, then $2,830.
Stop-Loss: Below $2,300.(Coin Edition, IC Markets, Blockchain News)
Short Position:
Entry: Near $2,705 if price shows signs of rejection.
Take-Profit Targets: $2,425, then $2,304.
Stop-Loss: Above $2,830.
🧠 Strategy Notes
Bullish Scenario: A breakout above $2,705 with strong volume could lead to a rally toward $2,830.
Bearish Scenario: Failure to sustain above $2,425 may result in a pullback to $2,304 or lower.
Neutral Scenario: Consolidation between $2,425 and $2,705 as the market awaits further catalysts.
Note: Always conduct your own research and consider risk management strategies before entering any trade.
